Daily Precap - Wednesday 11th July 2018
Hey I’m Domm, it’s Wednesday 11th July 2018, and this is your daily precap of the latest and greatest technology, startups, and business news.
We have a new unicorn. Out of the US, Toast, has raised $115M with a valuation of $1.1B. The startup offers a complete suite of hardware and software that help restaurants streamline both the front and back house. They are looking to be the primary platform supporting restaurants, one hell of a target considering 1 in 11 human beings work in a restaurant.
Get ready for more virtual reality. Facebook is testing VR ads that show up right in your newsfeed.
Tesla cars may soon come with a “Made in China” badge, as they dry the ink on a deal to open their first ever factory outside the US, in Shanghai.
ANGLR, a company that builds fishing trip management and devices, is building a fitbit for fishing, with a range of wearables being tested, their aim is to “become the center of fishing intelligence.”
Instagram is testing a new feedback tool for Insta Stories and will let your viewers reply to your stories in a new sticker format, similar to the existing poll and slider.
Google Pay wants you to use its service to make payments to your mates, not just when shopping online, with a new update enabling peer to peer payments.
The Victorian government is putting up $13M for 3 accelerator programs to spur innovation and startup growth.
Meanwhile, regional Queensland is the focus of expansion for Onramp, a traning and mentoring program for founders. Backed by the Queensland Government’s Advance Queensland, Startup Onramp aims to help regional businesses leverage the internet to reach a global market.
Bike sharing startup Ofo is pulling out of Australia less than a year after launching. The Chinese company said it would focus on ‘priority international markets’.
When will companies learn, we don't want your bikes we want the electric scooters, give us Bird, give us Lime.
Stop texting and driving!
New stats released today show our use of mobile phones in the car is at epidemic levels, In NSW alone last year 42,000 tickets were handed out for using phones in the car, but thats the tip of the iceberg. New speed camera style technology is being rolled out to catch and fine people using their phones in the car.
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That was your daily precap, I am Domm, thanks for listening