Technology
When looking for an investor for a family office, founders should strive for sector adaptation
Family offices invest significant funds in start-ups yearly. According to the study, in the primary half of 2023, 27% of the whole value of start-up transactions got here from transactions involving a family office investor. latest report from PwC.
Despite their common presence in startup-related deals, family offices could be a secretive investor class for founders to navigate because they should not as public or as easy to search out as VCs. Many family office investors said throughout the TechCrunch Disrupt panel that the best approach to reach investors like them is to search out family offices that align with what the startup is constructing.
Bruce Lee, founder and CEO of Keebeck Wealth Management, said that when founders need to approach family offices, they should look for families which have made their fortunes within the sector where the startup is growing.
“(Family offices) kind of have to look for areas where you feel like you have an advantage or that the family has an advantage in a particular technology so that they can add strategic value not only to the conversation but also to the investment itself,” Lee said.
Eti Lazarian, director of Elle Family Office, agreed and added that families want to search out businesses which might be complementary to their very own.
“When a family invests in something that relates to the business they are in, they can bring a lot of value to your company and also to the partnership,” Lazarian said. “So we usually look for something that can complement each other.”
Both Lazarian and Lee added that this alignment is not just about finding family offices, but can be one in every of the things that make family offices good investors. Lazarian said family offices tend to speculate in firms they care about on an emotional level, in comparison with traditional VCs. She added that when family offices invest, they do it to make the corporate succeed regardless of what, which might make them more flexible and patient investors.
“When you work with venture capitalists, you feel like you always have a gun to your head that you have to… execute to achieve your goals,” Lazarian said. “When you work with a family office, it feels like there’s a longer runway. You have more time. When you work towards achieving your goals, you feel like you have more air to breathe.”
Both Lazarian and Lee added that for founders who want to satisfy family offices of their industries, industry or regional conferences are a excellent place to begin because family offices often host most of these events.
Once a founder contacts the family office, Lazarian and Lee said they should expect to be presented with an offer in another way. While startups can spend money on VC capital based on dreams and aspirations, this does not work for family offices. Companies should present their forecasts and metrics, not present them as future unicorns.
Technology
US medical device giant Artivion says hackers stole files during a cybersecurity incident
Artivion, a medical device company that produces implantable tissue for heart and vascular transplants, says its services have been “disrupted” resulting from a cybersecurity incident.
In 8-K filing In an interview with the SEC on Monday, Georgia-based Artivion, formerly CryoLife, said it became aware of a “cybersecurity incident” that involved the “compromise and encryption” of information on November 21. This suggests that the corporate was attacked by ransomware, but Artivion has not yet confirmed the character of the incident and didn’t immediately reply to TechCrunch’s questions. No major ransomware group has yet claimed responsibility for the attack.
Artivion said it took some systems offline in response to the cyberattack, which the corporate said caused “disruptions to certain ordering and shipping processes.”
Artivion, which reported third-quarter revenue of $95.8 million, said it didn’t expect the incident to have a material impact on the corporate’s funds.
Technology
It’s a Raspberry Pi 5 in a keyboard and it’s called Raspberry Pi 500
Manufacturer of single-board computers Raspberry Pi is updating its cute little computer keyboard device with higher specs. Named Raspberry Pi500This successor to the Raspberry Pi 400 is just as powerful as the present Raspberry Pi flagship, the Raspberry Pi 5. It is on the market for purchase now from Raspberry Pi resellers.
The Raspberry Pi 500 is the simplest method to start with the Raspberry Pi because it’s not as intimidating because the Raspberry Pi 5. When you take a look at the Raspberry Pi 500, you do not see any chipsets or PCBs (printed circuit boards). The Raspberry Pi is totally hidden in the familiar housing, the keyboard.
The idea with the Raspberry Pi 500 is you could connect a mouse and a display and you are able to go. If, for instance, you’ve got a relative who uses a very outdated computer with an outdated version of Windows, the Raspberry Pi 500 can easily replace the old PC tower for many computing tasks.
More importantly, this device brings us back to the roots of the Raspberry Pi. Raspberry Pi computers were originally intended for educational applications. Over time, technology enthusiasts and industrial customers began using single-board computers all over the place. (For example, when you’ve ever been to London Heathrow Airport, all of the departures and arrivals boards are there powered by Raspberry Pi.)
Raspberry Pi 500 draws inspiration from the roots of the Raspberry Pi Foundation, a non-profit organization. It’s the right first computer for college. In some ways, it’s a lot better than a Chromebook or iPad because it’s low cost and highly customizable, which inspires creative pondering.
The Raspberry Pi 500 comes with a 32GB SD card that comes pre-installed with Raspberry Pi OS, a Debian-based Linux distribution. It costs $90, which is a slight ($20) price increase over the Raspberry Pi 400.
Only UK and US keyboard variants will probably be available at launch. But versions with French, German, Italian, Japanese, Nordic and Spanish keyboard layouts will probably be available soon. And when you’re in search of a bundle that features all the things you would like, Raspberry Pi also offers a $120 desktop kit that features the Raspberry Pi 500, a mouse, a 27W USB-C power adapter, and a micro-HDMI to HDMI cable.
In other news, Raspberry Pi has announced one other recent thing: the Raspberry Pi monitor. It is a 15.6-inch 1080p monitor that’s priced at $100. Since there are quite a few 1080p portable monitors available on the market, this launch is not as noteworthy because the Pi 500. However, for die-hard Pi fans, there’s now also a Raspberry Pi-branded monitor option available.
Technology
Apple Vision Pro may add support for PlayStation VR controllers
According to Apple, Apple desires to make its Vision Pro mixed reality device more attractive for gamers and game developers latest report from Bloomberg’s Mark Gurman.
The Vision Pro was presented more as a productivity and media consumption device than a tool geared toward gamers, due partly to its reliance on visual and hand controls moderately than a separate controller.
However, Apple may need gamers if it desires to expand the Vision Pro’s audience, especially since Gurman reports that lower than half one million units have been sold to this point. As such, the corporate has reportedly been in talks with Sony about adding support for PlayStation VR2 handheld controllers, and has also talked to developers about whether they may support the controllers of their games.
Offering more precise control, Apple may also make other forms of software available in Vision Pro, reminiscent of Final Cut Pro or Adobe Photoshop.
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