NBC Launches News Broadcast for Snapchat | Crunch Report | Summary and Q&A

TL;DR

NBC News is launching a news broadcast on Snapchat to cater to younger viewers, Tim Draper invests $650,000 in the Iron Man-like suit company Gravity, and Soft Bank invests in three startups worth a total of $473 million.

Key Insights

• 📰 Traditional news outlets are adapting to younger audiences' preference for online news consumption, evident in NBC's launch of a news broadcast on Snapchat.
• ✋ Investment from high-profile individuals like Tim Draper can provide significant support and funding for innovative startups, such as Gravity's Iron Man-like suit.

Transcript

Tim Draper invests in an Iron Man suit company NBC launches news broadcast for Snapchat and soft bank is Venture Capital it's Wednesday July 19th and this is crunch report yo what up it's the middle of the week you grinding you hustling well keep it up in the meantime here's the news those damn Millennials ruin everything they don't want to buy hou... Read More

Questions & Answers

Q: How does NBC's news broadcast on Snapchat aim to connect with younger viewers?

The news broadcast, called "Stay Tuned," features short segments on top national and international stories, explaining their importance and providing context. It aims to cater to viewers who no longer rely on traditional television for news.

Q: What is unique about Gravity's flight suit, and how will the investment from Tim Draper be used?

Gravity's flight suit combines body-mounted miniaturized jet engines with an exoskeletal suit, allowing the pilot to vertically take off and fly. Tim Draper's investment will fund the development of the suit's second version and further advancements in its technology.

Q: What startups did Soft Bank invest in, and how much funding did they receive?

Soft Bank invested $114 million in Brain Corp, a company focused on autonomous robots, $159 million in n, which specializes in autonomous driving data platform, and $200 million in Plenty, an indoor farming solution.

Q: Can Soft Bank potentially dominate the venture capital sector based on their recent investments?

While Soft Bank's investments have been significant, it is unlikely that they could scale to encompass the entire venture capital sector. However, their hunger for investment opportunities is evident.

Summary & Key Takeaways

• NBC News is introducing a twice-daily headline news show on Snapchat called "Stay Tuned" to reach younger audiences who consume news online.

• Tim Draper has invested $650,000 in Gravity, a company that created an Iron Man-inspired flight suit, to develop its technology further.

• Soft Bank has invested in three startups, including Brain Corp, n, and Plenty, providing significant funding for their growth and development.