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Inside Founders (Aug 9th, 2019)

1. Following its lackluster IPO in May, Uber yesterday announced more than $5 billion in losses for its second quarter, much of it the result of paying out employees for stock-based compensation. The losses are Uber's largest since it began releasing financial information two years ago. Of the $5.2 billion the company lost, $3.9 billion was attributed to payments it made to employees who, as often is the case for tech startups, received stock options when hired. Uber estimates payments of $450 million to $500 million for stock-based compensation in the next quarter. This quarter also was Uber's slowest in terms of revenue: $3.1 billion, a 14 percent increase from last year. — THE NEW YORK TIMES

2. Male fertility startup Dadi announced a $5 million funding round this week, as investment into the sphere continues to grow. Earlier this year, Dadi completed a $2 million seed round for its direct-to-consumer model of at-home fertility tests and sperm storage kits. Legacy, another male fertility startup, recently raised a $1.5 million round. Dadi co-founder and Chief Executive Officer Tom Smith notes that his company will use the funding to both develop new products, as well as provide support for customers who have used the home-based testing and storage services, noting that Dadi's overall objective is to be a business that comprehensively helps "men through the fertility stack." — TECHCRUNCH

3. Follow Friday: Amira Valliani

While podcasts continue to grow in popularity, figuring out how to make a podcast profitable remains an open question (podcasts' inevitable demise, despite a recent and baffling New York Times piece, is far from certain). Enter Amira Valliani, co-founder and CEO of Glow, a startup geared at helping podcasters get paid. Yesterday, Glow announced a $2.3 million funding round.

In a recent interview, Valliani identifies the three top challenges for the podcast ecosystem as "hosting, monetization and distribution." To this end, Glow's first offering lets podcasters create subscriptions for their shows, and is optimized for mobile. Valliani learned first hand the challenges of monetizing podcasts from her own experience creating a podcast covering local elections in Massachusetts.

The Wharton MBA and former Obama White House communications employee has discussed the importance of critical thinking and writing skills, values that show up hard on her Twitter feed, where Valliani weighs in on politics, entrepreneurialism and, yes, podcasts. And follow Glow on Twitter to keep track of this startup's progress.

4. NFX Managing Partner and co-founder James Currier says his venture firm dropped the accelerator model in order to make larger seed and pre-seed investments. The shift is intended to allow NFX to focus more on companies likely to have a network effect, defined in this interview by Currier as companies for which "every new user or new customer makes the product more valuable for every other customer." For example: Microsoft, Slack, the telephone. To this end, NFX also has created Signal, which helps seed-stage founders identify their best investors. With its recent $275 million fund, NFX will make 35 investments. — CRUNCHBASE

5. Seattle-based Snack Video Technologies has created a series of short explanatory (three minutes or fewer) videos that are geared to startup founders, and use artificial intelligence to determine helpful content. — GEEKWIRE

6. Reddit co-founder and Initialized Capital managing partner Alexis Ohanian says he wants to be one of the first people to believe in a founder, "write her a check" and help grow the company. He's one of 10 investors, founders and technologists interviewed in a round-up of innovators identified as "upbeat about Silicon Valley's future." — TIME

7. Australian startup VOW is trying to cultivate kangaroo meat in a lab, and is one of several startups experimenting with creating lab-based meat, albeit for a more niche market. — WALL STREET JOURNAL

8. After they graduated from Harvard Business School in 2014, friends KJ Miller and Amanda Johnson took their shared frustration at the lack of makeup options for women of color, along with $10,000 in personal savings, and launched Mented. They discuss their founders' journey in this video. — TODAY

9. Elevate Growth Consulting Group co-founder and partner Kelley DeSantis says Pennsylvania's budget is hampering Philadelphia's ability to compete with Silicon Valley and New York by continually decreasing funding for Ben Franklin Technology Partners, an economic development program that invests in early-stage startups. — TECHNICAL.LY PHILADELPHIA

10. Nike has purchased Celect, a Boston-based artificial intelligence startup, in order to amplify predictive data for its online sales, as well as other retail-related machine-learning tasks. — OBSERVER

Julia Goldberg is a journalist and author living in Santa Fe, New Mexico. She writes regularly about the intersection of technology and culture, and is the executive director of MIX Santa Fe, a networking organization for entrepreneurs. She writes the Inside Founders newsletter and can be found on Twitter @votergirl.

Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).

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