Brent: Good afternoon. Is it just me, or does it feel like Friday… on a Wednesday. SXSW has a way of bending time.
A quick note before we start: We recently launched the Austin Inno Careers Directory. If you’re hiring, swing on by and post your job to find the next member of your team.
Now, let’s kick a Beat…
The Big One
A breakdown on the day’s biggest Inno story.
So many partnerships formed. So many new ideas explored. And, so many new startups launched.
It’s another dizzying year at SXSW. And we have at least five new, noteworthy local startup launches going on. And each of them have the potential to be real game-changers. Earlier this week, we shared news about the launch of Strangeworks, led by founder WilliamHurley (AKA whurley). We also detailed the emergence if Spendindie, an online marketplace for products from independent businesses across the nation.
Today, we learned Valkyrie Intelligence, an applied science consulting firm led by founder and CEO Charlie Burgoyne, launched Valkyrie Labs. It’s a joint venture with BuildGroup to launch and scale A.I software and hardware tech. Though it just launched today, it has already built a device to process neural network training at high speeds.
And, as you may have noticed if you walked through the SXSW Trade Show (open to everyone), Firefly Aerospace is back at it. Actually, they have been back at it for months. But they haven’t said much beyond posting jobs. That changed this week when the company brought a busload of folks up to its Cedar Park headquarters and out to its Briggs rocket testing site.
Learn about all these new startups born at SXSW in our latest post.
Inside the people, companies and organizations making moves today.
Google Bans Crypto Marketing
Google joined Facebook in banning marketing of cryptocurrencies and initial coin offerings on Wednesday. And Bitcoin’s value fell rapidly by more than 10% on the news. The moves come amidst a “techlash” that has the public and lawmakers mulling over regulations to social media platforms and limiting the power of the world’s biggest companies, most of which are now tech-based. Many in the crypto world saw the ban as too broad.
ofo and Ghisallo Cycling Initiative Donate Bikes in Austin
ofo, the Chinese bike rental company, donated 100 bikes to Community First! Village, which provides affordable housing for some of Austin’s poorest residents. Along with the bikes, the companies provided maintenance training workshops. As you may have seen, Austin has approved a dockless bikeshare program. ofo says it plans to launch in Austin soon. And, if they do, they’ll have some funding to help them. The company raised $866M in new funding led by Alibaba yesterday.
App Dev Office Opening in Austin
InspiringApps is opening an app development office in Austin. The Boulder, Colorado-based business will have its Austin office at CapitalFactory. “Despite its rapid growth, Austin has kept its roots and continues to draw talented people committed to maintaining a sustainable work-life balance,” the company wrote in a news release.