Extra Crunch roundup: Klaviyo EC-1, micromobility’s second wave, UiPath CFO interview, more
Origin stories are satisfying because we already know the hero will overcome the odds and in doing so, they’ll reveal their core strengths.
This week, we published a four-part series about how Klaviyo co-founders Andrew Bialecki and Ed Hallen bootstrapped their startup into an e-commerce marketing automation platform now valued at $4.15 billion.
Neither founder was bitten by a radioactive spider or received a serum that enhanced their entrepreneurial skills; instead, they focused on outreach to prospective customers to find out what they were willing to pay for and largely ignored the competition.
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Oxford University scientists have successfully made a breakthrough by creating jet fuel from an alternative source: Carbon Dioxide (CO2). Much like those that are electric or hydrogen-powered, this approach aims to further lessen reliance on fossil-based fuels and reduce carbon emissions from aircrafts.
According to a report by Wired, the method used by researchers from the university effectively reverses the process of burning fuel by relying on the organic combustion method. The team achieved this technique by heating a mix of citric acid, hydrogen and iron-manganese-potassium catalyst, which would in turn convert CO2 into a liquid fuel capable of powering vehicles such as aircrafts.