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In a former monastery in the centre of Vilnius, the participants of Lithuania’s first startup accelerator are furiously coding. It’s a modest office by the standards of glitzy peers such asTechStars– a long room, with four blocks of desks and a few whiteboards dotted around – but a landmark nonetheless. It’s the most visible indicator of a much larger shift in the startup ecosystem here, which is turning Lithuania into a playground for a new wave of talented entrepreneurs with big ideas....

Brazilian group buying sitePeixe Urbano(“Urban Fish”) yesterday announced a new investment round, in partnership with global equity firmGeneral Atlanticand Tiger Global Management. So what is Peixe Urbano and why is it attracting so much attention? A key element in Peixe Urbano’s success is that it was a pioneer in its market: when launched in March 2010, it was the first local services group buying website in Brazil. That said, the idea was far from untested: by their own admission, the 3 founders’ inspiration came fromGrouponand its counterparts in the US – they had witnessed this boom firsthand while they were studying in California at Stanford University....

To the graduating class of 2021 I have but one piece of advice for you: watch out for snake oil. Artificial intelligence is a backbone technology that’s as important as the internet or electricity. But it’s also a field so rife with scams that even institutions of higher learning are getting duped by smooth-talking marketing teams and BS AI. The long and short of it is that colleges and universities are implementing AI systems to process admissions videos....

In a perfect world, whenever someone signs up forFacebook, they have considered what they want to share. But how sure are you that your privacy settings are what you want them to be? And what if Facebook “accidentally” resets your settings, likewhat happenedto thousands of users this week? Your settings may look like the screenshot below, but it’s simple things that go wrong, that usually come to light while checking the stuff pointed out inthis handy blogpost by Martin Bryant published last year....

Boris is the wise ol’ CEO of TNW who writes a weekly column on everything about being an entrepreneur in tech — from managing stress to embracing awkwardness. You can get his musings straight to your inbox bysigning up for his newsletter! When you’re working with other people, there’s always going to be some moments of friction. Somebody’s tone or off-hand comment might sound like an attack to you, whether they meant to or not....