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{"id":16965,"date":"2023-01-20T22:56:08","date_gmt":"2023-01-20T22:56:08","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/01\/20\/techcrunch-roundup-psychedelic-biotech-gogoros-spac-h-1bs-for-ukrainians\/"},"modified":"2023-01-20T22:56:09","modified_gmt":"2023-01-20T22:56:09","slug":"techcrunch-roundup-psychedelic-biotech-gogoros-spac-h-1bs-for-ukrainians","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/01\/20\/techcrunch-roundup-psychedelic-biotech-gogoros-spac-h-1bs-for-ukrainians\/","title":{"rendered":"TechCrunch+ roundup: Psychedelic biotech, Gogoro\u2019s SPAC, H-1Bs for Ukrainians"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/04\/08\/techcrunch-roundup-psychedelic-biotech-gogoros-spac-h-1bs-for-ukrainians\/<\/a><\/br>
\nTechCrunch+ roundup: Psychedelic biotech, Gogoro\u2019s SPAC, H-1Bs for Ukrainians<\/br>
\n2023-01-20 22:56:08<\/br><\/p>\n

\n

You may not have heard of Amadeus, but if you\u2019ve taken a trip, you\u2019ve probably interacted with its tech stack.<\/p>\n

Launched in 1987, the company provides hundreds of transportation and hospitality providers with inventory management and booking services. \u201cIn short, it covers just about every aspect of travel IT imaginable,\u201d writes enterprise reporter Ron Miller.<\/p>\n

For years, Amadeus managed its own infrastructure, but as the pandemic slowed global travel to a trickle, its executive team realized that mounting technical debt was holding the company back<\/a>.<\/p>\n

\n

Full TechCrunch+ articles are only available to members
Use discount code TCPLUSROUNDUP<\/strong><\/a> to save 20% off a one- or two-year subscription<\/i><\/p>\n

\n

To learn more about its planned three-year migration to the public cloud, Ron interviewed S\u00e9bastien Pellis\u00e9, deputy lead for public cloud transformation, and Fredrik Odeen, Amadeus\u2019 lead for public cloud transformation and corporate strategy,<\/p>\n

They shared their process for evaluating cloud vendors, described Amadeus\u2019 shift to a DevOps model, and explained how they\u2019re communicating the predicted benefits to customers. \u201cOur engineers are excited about this move,\u201d said Pellis\u00e9.<\/p>\n

Amadeus has 16,000 employees and earned more than $2 billion in revenue last year, but early-stage startups can learn from its digital transition, Ron writes.<\/p>\n

\u201cAs your technology becomes more dated, you too will have to make similar decisions.\u201d<\/p>\n

Thanks very much for reading \u2014 have a great weekend!<\/p>\n

Walter Thompson
Senior Editor, TechCrunch+
@yourprotagonist<\/a><\/p>\n

Gogoro\u2019s public debut could supercharge EV battery swapping across the globe<\/h2>\n
\"A<\/p>\n

Image Credits:<\/strong> Gogoro (opens in a new window)<\/span><\/a><\/p>\n<\/div>\n

If you can map every oasis in a desert, you\u2019ve created a transportation network.<\/p>\n

Gogoro, which operates a battery-swapping platform for two-wheeled EVs in urban areas, is doing something similar: On Monday, it finalized a SPAC merger with Poema Global that will generate an estimated $335 million in cash.<\/p>\n

\u201cGogoro will use the fresh funds from its IPO to continue to expand in Taiwan as it branches outward to larger markets like China, India and Indonesia,\u201d writes transportation reporter Rebecca Bellan.<\/p>\n

6 questions investors should ask when evaluating psychedelic biotech companies<\/h2>\n
\"Lab<\/p>\n

Image Credits:<\/strong> Yarygin (opens in a new window)<\/span><\/a> \/ Getty Images<\/p>\n<\/div>\n

A few years ago, ingesting small quantities of psychedelics to elevate one\u2019s mood or productivity was fodder for Silicon Valley small talk.<\/p>\n

Today, psychedelic therapeutics are being used to treat a variety of mental health issues. And as more regions decriminalize the use of plant-based substances, investors are taking notice.<\/p>\n

With plans to raise a $25 million fund and more than $15 million already invested, PsyMed Ventures focuses on early-stage startups developing psychedelic therapeutics.<\/p>\n

In a TC+ guest post, partners Matias Serebrinsky and Greg Kubin explore their investment thesis in detail: \u201cWe believe in a future where psychedelic therapy will be as common as going to the dentist, but the path won\u2019t be easy.\u201d<\/p>\n

Dear Sophie: Supporting Ukrainians with H-1Bs and beyond<\/h2>\n
\"lone<\/p>\n

Image Credits:<\/strong> Bryce Durbin\/TechCrunch<\/p>\n<\/div>\n

Dear Sophie,<\/strong><\/p>\n

We\u2019re a startup that currently has an employee, who is originally from Ukraine, working for us on an H-1B visa. He is trying to get his parents out of Ukraine.<\/strong><\/p>\n

We also entered a prospective Ukrainian employee who fled to Poland in the H-1B lottery, but he wasn\u2019t selected yet.<\/strong><\/p>\n

How can we support them?<\/strong><\/p>\n

\u2014 United with Ukraine<\/strong><\/p>\n

The fundraising market is losing some of its founder-friendly shine<\/h2>\n
\"\"<\/p>\n

Image Credits:<\/strong> Nigel Sussman (opens in a new window)<\/span><\/a><\/p>\n<\/div>\n

With VCs pulling back on the reins, valuations slipping, and 2021\u2019s hype fading, founders are finding themselves working harder to raise capital than they were in 2021, Alex Wilhelm found in his analysis of early data from DocSend.<\/p>\n

\u201cWhen we consider that sentiment shift and the fact that totals fell from fourth-quarter levels, we can infer that Q2 2022 could easily report another sequential decline in global and U.S. venture capital activity,\u201d he writes.<\/p>\n

What the Binance bailout of Axie Infinity means for crypto\u2019s future<\/h2>\n
\"In<\/p>\n

Image Credits:<\/strong> SOPA Images (opens in a new window)<\/span><\/a> \/ Getty Images<\/p>\n<\/div>\n

After unknown parties stole $625 million from play-to-earn crypto game Axie Infinity last week, the studio behind the game announced that it had raised $150 million to compensate users.<\/p>\n

\u201cWhat\u2019s interesting about this funding round is that it was led by crypto exchange Binance \u2014 the highest-volume exchange globally \u2014 although Binance hadn\u2019t participated in Sky Mavis\u2019 prior raises,\u201d writes Anita Ramaswamy.<\/p>\n

\u201cToday\u2019s investment showcases, if anything, how important Axie\u2019s precedent is to the development of the broader ecosystem \u2013 and how willing VCs and crypto incumbents are to bend over backward to make sure it succeeds.\u201d<\/p>\n

3 ways deep tech founders can climb out of pilot purgatory<\/h2>\n
\"woman<\/p>\n

Image Credits:<\/strong> Yinwei Liu (opens in a new window)<\/span><\/a> \/ Getty Images<\/p>\n<\/div>\n

Because so many deep tech startups operate on the bleeding edge, founders in this space have a harder time raising funds, acquiring customers and reaching product-market fit.<\/p>\n

Many of these companies will stall early because they never move from pilot stage to a full-scale rollout. \u201cThis is a big, widespread, industry-specific problem,\u201d says Champ Suthipongchai, co-founder and general partner at Creative Ventures.<\/p>\n

\u201cWhile I don\u2019t presume to have a silver bullet solution, I do know three ways deep tech founders can make sure their time in pilot purgatory ends in a rollout.\u201d<\/p>\n

Why VCs don\u2019t need to fear a financial slowdown<\/h2>\n
\"daisy<\/p>\n

Image Credits:<\/strong> masik0553 (opens in a new window)<\/span><\/a> \/ Getty Images<\/p>\n<\/div>\n

According to Marc Schr\u00f6der, managing partner at MGV, \u201cseed-stage investing is the best place for venture capital to deploy when global uncertainty sprouts up.\u201d<\/p>\n

Instead of pouring money into \u201ccompanies that required massive growth and scale to continue growing into their valuations,\u201d investors are turning to smaller startups with \u201cmore reasonable scaling challenges.\u201d<\/p>\n

Eventually, any extended chill in the public markets will start to shrink the amount of resources available for startups, \u201cbut that might not be the worst thing for investors looking to double down on their investments at attractive prices,\u201d says Schr\u00f6der.<\/p>\n

Terra\u2019s founder plans to back its stablecoin with a \u2018basket\u2019 of cryptocurrencies<\/h2>\n
\"Illustration<\/p>\n

Image Credits:<\/strong> Nuthawut Somsuk (opens in a new window)<\/span><\/a> \/ Getty Images<\/p>\n<\/div>\n

In an interview with reporter Jacquelyn Melinek, Terraform Labs founder Do Kwon explained how his plans to purchase $10 billion in bitcoin will help integrate the TerraUSD (UST) \u201cstablecoin deeper into the crypto ecosystem.\u201d<\/p>\n

Terra will back UST with additional Layer 1 blockchains as it expands its ecosystem, said Kwon.<\/p>\n

\u201cWe\u2019re big believers of Bitcoin, so we\u2019re just going to continue to buy whenever there\u2019s an opportunity to.\u201d<\/p>\n<\/p><\/div>\n

<\/br><\/br><\/br><\/p>\n

Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2022\/04\/08\/techcrunch-roundup-psychedelic-biotech-gogoros-spac-h-1bs-for-ukrainians\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"

Source:https:\/\/techcrunch.com\/2022\/04\/08\/techcrunch-roundup-psychedelic-biotech-gogoros-spac-h-1bs-for-ukrainians\/ TechCrunch+ roundup: Psychedelic biotech, Gogoro\u2019s SPAC, H-1Bs for Ukrainians 2023-01-20 22:56:08 You may not have heard of Amadeus, but if you\u2019ve taken a trip, you\u2019ve probably interacted with its tech stack. Launched in 1987, the company provides hundreds of transportation and hospitality providers with inventory management and booking services. \u201cIn short, it covers just […]<\/p>\n","protected":false},"author":1,"featured_media":16966,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,8],"tags":[],"class_list":["post-16965","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech","category-technology"],"yoast_head":"\nTechCrunch+ roundup: Psychedelic biotech, Gogoro\u2019s SPAC, H-1Bs for Ukrainians - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2023\/01\/20\/techcrunch-roundup-psychedelic-biotech-gogoros-spac-h-1bs-for-ukrainians\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TechCrunch+ roundup: Psychedelic biotech, Gogoro\u2019s SPAC, H-1Bs for Ukrainians - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source:https:\/\/techcrunch.com\/2022\/04\/08\/techcrunch-roundup-psychedelic-biotech-gogoros-spac-h-1bs-for-ukrainians\/ TechCrunch+ roundup: Psychedelic biotech, Gogoro\u2019s SPAC, H-1Bs for Ukrainians 2023-01-20 22:56:08 You may not have heard of Amadeus, but if you\u2019ve taken a trip, you\u2019ve probably interacted with its tech stack. 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