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A bug in a medical startup’s website put thousands of COVID-19 test results at risk – 98bmp

A California-based medical startup that provides COVID-19 testing across Los Angeles has pulled down a website it used to allow customers to access their test results after a customer found a vulnerability that allowed access to other people’s personal information. Total Testing Solutions has ten COVID-19 testing sites across Los Angeles, and processes “thousands” of COVID-19 tests at workplaces, sports venues, and schools each week. When test results are ready, […]

todayAugust 17, 2021 3


Storytelling for startups, early-stage influencers, retail media spend – 98bmp

“I like to think of successful brand-building as creating a company that customers would be upset to separate from their identity,” growth marketing expert Julian Shapiro told us earlier this week. “For example, they’d cease to be the man with Slack stickers all over his laptop. Or the woman who no longer wears Nike shoes every day. And that bugs them.” Shapiro comes from a technical background, as a repeat […]

todayAugust 14, 2021 8


Stage 2 Capital launches $80M Fund II targeting B2B software startups – 98bmp

Boston go-to-market venture capital firm Stage 2 Capital kicks off its second fund with plans to invest $80 million into B2B software companies. The firm’s approach combines venture capital expertise with a diverse community of over 250 limited partners and go-to-market experts who work with portfolio companies to accelerate revenue growth. Firm co-founders Jay Po, a former investor at Bessemer Venture Partners, and Mark Roberge, former chief revenue officer at […]

todayAugust 6, 2021 3


What Square’s acquisition of Afterpay means for startups – 98bmp

On Sunday Square announced it was gobbling up Afterpay in a deal worth $29 billion at the time of announcement. Alex followed up yesterday with more details on why the deal made sense for Square and Afterpay over here, but we wanted to ask some notable VCs what it means for the startup market. For context, the Square deal follows a ton of money and interest flowing into the BNPL […]

todayAugust 3, 2021 2


One of Nigeria’s high profile angel investors is launching a fund for African startups – 98bmp

Olumide Soyombo is one of the well-known active angel investors in Nigeria tech startups and Africa at large. Since he began angel investing in 2014, Soyombo has invested in 33 startups, including Stripe-owned Paystack, PiggyVest, and TeamApt. Today, the investor is announcing the launch of Voltron Capital, a Pan-African venture capital firm he co-founded with Abe Choi, a U.S.-based entrepreneur and investor. Voltron will be deploying capital to roughly 30 […]

todayJuly 26, 2021 3


Untitled Ventures joins the scramble for Russian & Eastern European startups with a $118M warchest – 98bmp

Sorry Mr. Putin, but there’s a race on for Russian and Eastern European founders. And right now, those awful capitalists in the corrupt West are starting to out-gun the opposition! But seriously… only the other day a $100 million fund aimed at Russian speaking entrepreneurs appeared, and others are proliferating. Now, London-based Untitled Ventures plans to join their fray with a €100 million / $118M for its second fund to […]

todayJuly 22, 2021 4


How pitch training can help startups get their story right – 98bmp

When you hire a marketing consultant, you don’t necessarily expect to wind up discussing your life’s purpose. Yet, that is what Spanish marketing expert and entrepreneur Alex Barrera often ends up doing with startup founders who hire him to help improve their pitch. They think they are going to get help convincing investors, and they do, but the byproduct of the process is that they reframe their startup’s vision. In […]

todayJuly 18, 2021 5


startups and their VCs bet we’ll browse more of the web together – 98bmp

Last year, during the pandemic, a free browser extension called Netflix Party gained traction because it enabled people trapped in their homes to connect with far-flung friends and family by watching the same Netflix TV shows and movies simultaneously. It also enabled them to dish about the action in a side bar chat. Yet that company — later renamed Teleparty — was just the beginning, argue two young companies that […]

todayJuly 10, 2021 1


Startups, culture and riding the meme wave – 98bmp

Welcome back to The 98bmp Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Hey! It’s going to be a long weekend here in the United States, which means that this newsletter is in between […]

todayJuly 4, 2021 4