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Here are all the big announcements from Facebook’s F8 conference
This year’s F8 conference is shaping up to be one of Facebook’s biggest yet. Unfazed by its recent data privacy debacle, the social networking platform unveiled a number of new products – including a standalone dating service, a refreshed app review process, and Oculus Go, the firm’s long-anticipated standalone VR headsetXiaomi has just filed for a $10b IPO, the largest in nearly half a decade
After years of anticipation, the Chinese consumer hardware firm has filed to go public in Hong Kong at a $100b valuation. This makes it the largest IPO of the past 5 years, eclipsed only by Alibaba’s $25b market debut in 2014. Xiaomi is now the 4th largest smartphone manufacturer in the world, but also has a diversified product line spanning from fitness trackers to portable speakers.

Zapier reveals how they stay productive with a remote engineering team
Web automation app Zapier has a distributed engineering team, which has its own set of benefits and challenges. The team at Zapier love having a remote team as it allows them to hire the most qualified individuals for each job, regardless of location – and how they had to build their own hiring system because there weren’t any suitable solutions on the market.

A new wave of direct-to-consumer startups is here – along with a new range of challenges
Startups like Warby Parker have ushered in a new age of direct-to-consumer startups, and the competition is fiercer than ever. What’s more, many founders are finding that scaling a D2C startup is far more difficult than scaling a SaaS startup, and making the economics of the business model work is incredibly difficult.

WhatsApp’s founder is leaving Facebook after clashes with the company
After numerous disagreements with Facebook’s executive leadership over data privacy and stewardship, WhatsApp CEO Jan Koum has announced that he will be stepping down from the company imminently. As part of his exit, Koum will also be stepping down from Facebook’s board of advisors and taking some time off to focus on his other passions outside of business.

Here’s the rundown on the state of seed investing in 2018
In this deep-dive on the current state of seed investing, Natalie Dillon (investor at Susa Ventures) explains how despite a decrease in deal volume this year, investment on a dollar basis remains high – and that already, many of 2018’s biggest deals have already set all-time records for overall deal size, as well as valuation.

Carthook goes in-depth on how to effectively manage software product development
Carthook is a platform that helps online retailers recover purchases from abandoned shopping carts, and they’re experts at quickly iterating on new versions of their product. In this interview, the firm’s co-founders reveal how they collaborate with their  Slovenia-based development team to get great results quickly on the development front.

Take a look inside Nintendo’s secretive creative process
The Japanese gaming giant is well-known for being one of the most creative companies in the industry. This interview with Shinya Takahashi details the company’s creative process to platform development, and how it’s helped Nintendo drive hundreds of millions in new revenue (primarily from new products) over the past decade.

A French man has the France.com domain seized by his home country – and sues
In a case that illustrates the ongoing ambiguity of digital property ownership, one French-born American has just sued the French government for what he calls unlawful appropriation of a digital asset – namely, the web domain for France.com, which could be worth millions and is the cornerstone of his own software business.

Meet the gambler who invented an algorithm to win at horse racing, every time
What if you could never lose on gambling? Well, for one thing, you’d almost certainly become unimaginably wealthy – and one man has done just that. It wasn’t by being a savant, but rather, through building a brilliant algorithm that can calculate the precise odds for horse racing – and place the perfect bet every time.

COMMUNITY NEWS

  • This is your ultimate, non-technical guide to AI and machine learning. Link
  • Instagram is set to roll out a new payments system. Link
  • UBTECH Robotics has just raised $820m to become the world’s most valuable AI startup. Link
  • Watch this MIT-born robotic kitchen cook a meal all by itself. Link
  • Hydrogen-powered trucking startup Nikola has landed its biggest order yet. Link
  • Airbus’s self-flying air taxi has just made its first test flight. Link
  • Twitter has just found a new security flaw and asked all users to reset their passwords. Link
  • Amazon has just offered to purchase a majority stake in one of India’s eCommerce giants. Link
  • Circle is hiring a Business Development Manager in Boston, MA. Link
  • Join The Startup Conference on May 17 in Silicon Valley. Link
Edited by Chris Osborne in Bangkok. Want to sponsor an edition of FoundersGrid? More info here. Interested in crypto/bitcoin news? Consider subscribing to CryptoWeekly.

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