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Adobe and Figma END Mega Merger and More!
KillerStartups Holiday Edition
KillerStartups
December 18, 2023
Holiday cheers from the KillerStartups team! 🎄
🎉 Huge announcement: It’s the KillerStartups newsletter 1st Anniversary! For over one year, our team has been providing digestible startup news and highlights all of YOU. We aim to continue to have a significant impact on the startup scene, and we appreciate all of your support 🙂
As always, please support the newest Featured Startups, as many are looking for feedback and just starting! You can now VOTE with our latest feature on KillerStartups.
Let’s get into what happened this week in startups!
Table of Contents:
Featured Startups
30-Second News Picks
Tweets of the Week
Notes from The Staff
Other Newsletter Recommendations!
Featured Startups
KillerStartups’ Mission is to help entrepreneurs achieve the next big thing. Our role is to connect you with founders you can help and founders who can help you!
When we featured Uber in 2010, Founder Travis Kalanick might have still been your driver.
Uber raised their first $1.6MM three months after we featured them. $4.9B later, we are still proud to have discovered them.
🚀 Submit Your Startup to Get Featured and More! - SUBMIT YOUR STARTUP
Our question to you is: How can YOU help these companies?
With our newest polling feature, you can rate these startups and provide feedback about YOUR thoughts!
30-Second News Picks
Our 30-Second Summary:
Adobe's $20 billion bid to acquire rival Figma has officially collapsed due to European regulatory challenges. The companies jointly announced the termination of the acquisition plans, citing the inability to secure necessary regulatory approvals from the European Commission and the U.K. Competition and Markets Authority. Although both companies recognized the merger's potential benefits, the deal faced increased scrutiny given its significant size and the elimination of one of Adobe's major competitors.
The U.S. Department of Justice had been monitoring the transaction throughout 2023, and while no formal lawsuit had been filed, Adobe and Figma engaged in discussions with the DoJ in a final attempt to avoid legal intervention.
🚀 Submit Your Startup to Get Featured and More! - SUBMIT YOUR STARTUP
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Mistral AI secures $415 MILLION in startup funding - KillerStartups
Our 30-Second Summary:
AI firm based in Paris, Mistral AI, has successfully concluded its Series A financing round, collecting €385 million ($415 million), taking its overall valuation to an estimated $2 billion. Participants in this investment round featured Andreessen Horowitz, Lightspeed Venture Partners, Salesforce, BNP Paribas, CMA-CGM, General Catalyst, Elad Gil, and Conviction. Mistral AI, co-founded by ex-employees of Google’s DeepMind and Meta, aspires to create a leading European generative AI entity, concentrating on open, accountable, and decentralized technology.
The funding will expand the team, accelerate research and development, and increase global reach for the company’s AI-powered products and services. Additionally, Mistral AI aims to collaborate with businesses, researchers, and policymakers to promote the responsible development and integration of generative AI across various sectors.
🚀 Submit Your Startup to Get Featured and More! - SUBMIT YOUR STARTUP
Our 30-Second Summary:
Mercedes Benz announced its intention to conduct level 3 autonomous driving tests on specific highways in Beijing, although no precise timeline was provided. The German automaker revealed that it is among the initial group of companies approved by the Beijing municipal government to conduct such tests, aligning with regulatory efforts to expedite the widespread adoption of advanced autonomous driving technologies.
Mercedes has been actively testing its level 3 autonomous driving system in restricted areas within China since 2021, marking a strategic step forward in developing and evaluating autonomous driving capabilities in real-world urban environments.
🚀 Submit Your Startup to Get Featured and More! - SUBMIT YOUR STARTUP
Tweets of the Week
We hate that this is true 😭
(but it doesn't have to be 😈)
#startups#memes#founders#marketing
— Jadeon Abt (@JadeonAbt)
5:40 PM • Dec 15, 2023
Some interesting slides from the last All-In podcast... If you live in the US, your perception of the economy may be biased by your political outlook :/
— RealCapital (@RezRealty)
6:20 AM • Dec 11, 2023
"Startup / Indie Hacker" Year Rewind
#buildinpublic
ps. hope it's not too late for spotify rewind meme lol— Non 🤺 (@_nonthakon)
3:30 PM • Dec 12, 2023
Biggest startup advice:
“whatever you do, just don’t die”
— A Y O’ (@whichayo)
6:04 PM • Nov 14, 2023
🚀 Submit Your Startup to Get Featured and More! - SUBMIT YOUR STARTUP
Interesting in advertising to a large audience of startup founders and entrepreneurs? 🚀
Contact [email protected] for more details!
Notes From KillerStartups Staff 👀
Our team is happy to announce the newest features on KillerStartups, including the site redesign and polling feature. We could not accomplish these goals without a supportive and powerful community like yourselves! Thank you!
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