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StorySherpa: Software is Eating the World

Hey there! The title of this issue is not exactly the news but it's a very important concept to keep
StorySherpa: Software is Eating the World
By Yury Molodtsov • Issue #37 • View online
Hey there!
The title of this issue is not exactly the news but it’s a very important concept to keep in mind. There are still more than enough industries that haven’t been touched by the digital world and can benefit a lot from all that automation and data processing. They are just not that obvious sometimes.

Logistics startup Flexport just raised a SoftBank-led round at a whopping $3.2 billion valuation
Eliot Brown
Remember when people thought Saudi involvement in the SoftBank Vision Fund might lead CEOs to reject their money?

Well here's some that raised rounds led by the Vision Fund in recent days

-Flexport (logistics): $1 B
-Clutter (self-storage): $200 M
-Nuro (self driving): $940 M
Apple, Goldman Sachs Team Up on Credit Card Paired With iPhone
How DTC brands see the purpose of stores
Roof’s Take: Social Media’s Next Generation Looks to Niche Plays
The Hive is the New Network
Google’s Waymo risks repeating Silicon Valley’s most famous blunder
We have discussed that briefly but here is yet another confirmation of the importance of “No Code” tools.
Kevin Gibbon
The huge response here is yet another example the market is demanding flexible, customizable, powerful, no code services like @airtable @coda_hq @NotionHQ
The whole reason we have such a complicated system of banks issuing credit cards operated by separate companies (except for Amex) is legacy — the system evolved in the pre-Internet era and it was easier to update it due to its network effects. China and many African countries didn’t have that so they moved directly to the mobile payments, either through platforms like WeChat pay or telcos-owned systems that use their phone accounts.
CurrenC was an attempt to create a separate payment system in the US by the big retailers who didn’t want to pay around 2% of transaction fees and yet they failed. Can we expect a new player to emerge to displace the incumbents here?
Garry Tan
Credit card companies doubling down on fees is like Blockbuster Video raising prices at the dawn of Netflix

So many problems in plain sight to solve in fintech and crypto
Just a funny little piece on the importance of training data.
Daniel Gross 💡
During WW2 the RAF flew missions solely for the purpose of generating training data:
Did you enjoy this issue?
Yury Molodtsov

I'm an Investor at Day One Ventures, a venture capital firm that invests in tech startups and leads their communications.

Here I look at tech news I find important and the future they might lead us.

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