Startup news roundup – Week ending 1st Dec 2019

Roundup of news and ideas from the world of startups – Week ending 1st Dec 2019.

News you can use

Here’s what happens when you decide to sell your startup – Are you considering selling your company as a potential exit? Now? A year from now? Five years from now? In more than 20 years of startup, with over a dozen acquisitions under my belt as an entrepreneur, advisor and investor, I can assure you that an acquisition is always a massive and complex transaction that you’re never 100% prepared for. In fact, the one regret I hear over and over again from my peers is that they got less than what they should have when they signed the deal.

Startup Merger and Acquisitions

Facebook acquires the maker of popular ‘Beat Saber’ VR game – Facebook on Tuesday announced its acquisition of Beat Games, the studio behind hit virtual-reality game “Beat Saber.” Beat Games will join the Oculus Studio division of Facebook, but it will operate independently out of Prague, the company said. Facebook did not disclose the size of the deal.

Palo Alto Networks acquires cloud security startup Aporeto for $150M – Palo Alto Networks Inc. has entered an agreement to acquire cloud security startup Aporeto Inc. for $150 million in an all-cash deal. Founded in 2016, Aporeto offers a zero-trust cloud security platform that auto-generates identity by analyzing workload metadata from any available system and user identity data. Zero trust is an increasingly popular security model that is based on the principle of maintaining strict access controls and not trusting any one by default, even those already on a network. Aporeto delivers zero trust through a whitelist-based approach to security. The company’s solution works by facilitating end-to-end authentication, authorization and encryption for all application components, including virtual machines, containers and microservices, Amir Sharif, co-founder of Aporeto, told SiliconANGLE in 2017.

Makiage acquires AI and Data Science Startup NeoWize – Digital beauty brand Il Makiage is investing in optimized e-commerce opportunities with the acquisition of a data science startup. The direct-to-consumer beauty brand, which was relaunched in the US last year, has acquired NeoWize, which develops advanced active machine-learning algorithms. The company hopes the acquisition will help drive its innovative, tech-first approach to beauty, bringing together complementary capabilities in AI, data science and algorithmic thinking.

Startups failures

Wisconsin Music Marketplace Startup, Murfie Shuts Down Murfie, a Madison, Wisconsin based startup whose website allowed users to buy, sell and trade music, has shut down. The company announced this on its website. Members and subscribers are wondering what the shutdown means for them. Murfie’s policy states, “Every CD and vinyl record you store at Murfie HQ is your property. We take that very seriously. In the event Murfie goes out of business, you will get back every CD and vinyl record you own in your current collection.”

Physical rental startup Omni is shutting down – Physical rental startup Omni is set to shut down its operations by end of 2019 after failing in its unsuccessful attempt to profit from equipment rentals and physical storage service. “We’ll be winding down operations at Omni and closing the platform by the end of this year,” an Omni spokesperson told TechCrunch. “We are proud of what we built and incredibly thankful for everyone who supported our vision over the past five and a half years.” The company has not made an official announcement regarding its closure.

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