As we enter Diwali, an Indian festival of lights, I鈥檓 missing the taste of my mom鈥檚 cooking (and honestly, even the itchy feel of traditional Indian attire). So when I learned about聽, or聽, I was ecstatic. It鈥檚 a departure from what I usually see covering tech, and a reminder that fresh perspectives exist everywhere.

Want this email every weekend? Subscribe here to 兔子先生传媒 News emails!聽

Anyways, as I defrost some Trader Joe鈥檚 butter paneer and hope for the best, let鈥檚 get into the news from the past week.

贵颈谤蝉迟,听the good news: Zonehaven raised fresh capital to聽use data for wildfire management, and Winnie got $9 million聽for childcare relief. We also saw the聽Swiss鈥檚 Planted aim at fake meat聽and Austin鈥檚 Literati聽create a subscription book club for kids. Finally, we covered funding for聽mental healthcare聽and a startup looking to聽free everyone from聽mortgage woes.

Now, the bad news:聽Layoffs continued for WeWork听补苍诲听began for PAX Labs, reminding us that big companies may have flashy checks but聽remain vulnerable to failure like other startups. Also, WeWork鈥檚 controversial-but-once-darling ex-CEO Adam Neumann left his company in shambles,聽but still walked away with over a billion.

Wrapping up with some numbers, data shows that Silicon Valley鈥檚聽funding share is shrinking as a percentage of a global whole. While that may feel a bit surprising, I鈥檒l remind you that a聽Chicago-based company just filed its S-1, and聽there鈥檚 a soon to be Utah-based unicorn.

Until next week,

滨濒濒耻蝉迟谤补迟颈辞苍:听

P.S. I put out a personal newsletter every Monday,聽聽if you鈥檙e interested!

Over the past week I read through New York Times’ reporter 鈥檚 new book: Super Pumped. I wrote聽most of my thoughts in a review, but here are the three blurbs I left out:

1. Someone almost body-checked me on Market St. wondering how I got an early copy of the book.
2. I read this book while walking on Market St. It was that good.
3. I finished the book right as聽Uber set a new record low share price. Take that as you will.

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Speaking of struggling companies, WeWork, soon to debut on the public market, might stop its self-inflicted hype early. The coworking company is reportedly聽open to cutting its valuation in half ahead of its IPO. WeWork also said it聽plans to add a woman to its board聽after its IPO. And as our Editor in Chief聽聽noted, it鈥檚聽not the first company that will be going public at a discount聽this cycle.

Behind the IPO march, there鈥檚 a unicorn trot. Grove Collaborative raised a聽$150 million Series D, making it a new unicorn. Other nine-figure rounds include Canadian startup Clio raising聽$250 million for legal tech聽and San Francisco鈥檚 Getaround raising聽$200 million for car sharing.

We had a particularly busy M&A week as well. Microsoft聽scooped up a SaaS startup, Chegg, an edtech company,聽bought an online coding school聽for $80 million, and India travel startup OYO聽acquired a data science company.

Finally, read on Homebrew鈥檚聽听补苍诲听听颈苍听this week鈥檚 Seed Series. Learn about where they spend 51 percent of their calendar time, how a password protected video led to an investment (twice), and why they always co-invest.

Thanks for sticking with us this short week, we鈥檒l be back Monday with five days of fresh news ().

Talk soon,
Natasha

P.S. Follow me on Twitter ()

滨濒濒耻蝉迟谤补迟颈辞苍:听.