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After talking to marketing leaders for a year, here’s my advice for CEOs | Rebecca Lynn | 2,022 | 1 | 6 | a company. When I am asked what is the No. 1 thing that I would do to help a company scale massively, it is focusing on marketing. Period. I learned long ago that the best product doesn’t always win. It’s often a “good enough” product paired with killer marketing powered by unique customer insights. As a VC, I have se... |
Lululemon names Twitch exec Mike Aragon CEO of Mirror | Brian Heater | 2,022 | 1 | 6 | Months after the of Mirror founder Brynn Putnam, Lululemon that it has named former Twitch Chief Content Officer Mike Aragon to run the connected fitness brand. Effective January 17, Aragon will be stepping into the CEO role for both Mirror and Lululemon’s Digital Fitness line. “Mike Aragon has an impressive track ... |
Khosla Ventures debuts first opportunity fund | Christine Hall | 2,022 | 1 | 6 | Today, Khosla Ventures said it raised over $550 million for its first Opportunity Fund. Samir Kaul, managing partner, Khosla Ventures. Khosla Ventures The new oversubscribed fund brings Khosla’s total set of funds to just under $2 billion. Managing partner Samir Kaul told TechCrunch that the fund gives the firm an opp... |
Mozilla hits pause on crypto donations following backlash | Manish Singh | 2,022 | 1 | 6 | The Mozilla Foundation is pausing the ability to accept donations in cryptocurrencies following a backlash from scores of people, including a founder of the Mozilla Project. The foundation, which oversees the development of the Firefox browser, on Thursday acknowledged conversations around the environmental impact that... |
Twitter wants you to retweet with TikTok-like reaction videos | Taylor Hatmaker | 2,022 | 1 | 6 | Everybody wants a little of that TikTok magic. To that end, Twitter is rolling out a new test feature that invites people to post video reactions to tweets instead of quote-tweeting the old-fashioned way. It’s a very un-Twitterlike choice, but the company has been actively experimenting with new products for a while no... |
Tinder is developing a feature called ‘Swipe Party’ that invites friends to join your swiping sessions | Sarah Perez | 2,022 | 1 | 6 | Tinder confirmed it’s exploring a new feature called Swipe Party which offers a way to make sorting through possible matches a more social experience. According to details spotted in the Tinder mobile app’s code, Swipe Party requires access to the phone’s camera and microphone so your friends can “see and hear you whil... |
Four weeks as an Ultrahuman ‘Cyborg’ | Natasha Lomas | 2,022 | 1 | 6 | during 2021, this TechCrunch reporter took the plunge and tested a “metabolic fitness” service from Bangalore-based startup . The tracker program, branded Cyborg, uses arm-mounted medical grade hardware to get a real-time read-out of your blood glucose — using that dynamic data-point to power a quantified health serv... |
How will the crypto selloff impact the NFT market? | Alex Wilhelm | 2,022 | 1 | 6 | currently enduring price declines from already depressed levels. It’s a selloff, though likely not one large enough to shake the confidence of the crypto faithful. Still, the impact of falling crypto prices on assets priced in crypto should prove interesting. The NFT market, , has seen a as the value of ether, the ... |
Goldfinch raises $25M from a16z to power its DeFi lending protocol for borrowers in developing countries | Lucas Matney | 2,022 | 1 | 6 | For all of the excitement pulsing through the so-called web3 space in the past year, most of the heartiest sums of investor dollars have seemed to find their way toward products touching users in the United States. But an increasing number of startups are looking to tap opportunities in developing nations, where existi... |
Startup accelerators’ definition of ‘value add’ is due for a refresh | Natasha Mascarenhas | 2,022 | 1 | 8 | , the inner workings of startup accelerators has become familiar: pumped up on camaraderie and energy drinks, scrappy founders do product demos onstage before a room full of buzzy journalists and investors. Fast-forward two years into a pandemic and, even much has changed about the way launch pads for startups look, ... |
Dazzled and damned by the demo: The best tech industry critique in ‘Don’t Look Up’ | Darrell Etherington | 2,022 | 1 | 6 | I’ve seen a lot of theories making the rounds about Mark Rylance’s character Peter Isherwell in “Don’t Look Up,” an eccentric tech mogul whose uber-capitalism masks itself as altruistic enlightenment (even to himself). But whether Isherwell owes more to Musk, to Zuckerberg or to Page I think misses the point: The tech ... |
5 NFT trends that will bring social media audiences into web3 | Prerna Gupta | 2,022 | 1 | 6 | As , most tech founders and VCs have by now chosen a side: Web 2.0 or web3. Proponents of web3 believe it is the future of the internet, and that blockchain-based products will completely supplant Web 2.0 within the next few years. Web 2.0 stalwarts say it’s all just a bunch of hype being spewed by crypto bros looking... |
Zuddl raises $13M for its simple but powerful virtual events platform | Greg Kumparak | 2,022 | 1 | 6 | Will the world ever go back to big in-person events? Of course. Eventually. CES already moved in that direction this year, . But everyone’s already gotten a taste of virtual events, and their many ups and downs. Ups? Huge potential audiences! No flights! No mile-long lines to enter the horror show bathrooms! Downs? Th... |
GM taps Qualcomm to power new hands-free driver assistance system | Kirsten Korosec | 2,022 | 1 | 6 | When GM releases its new Ultra Cruise hands-free driver assistance system in 2023 — starting with Cadillac — it will be powered by the latest Snapdragon system-on-chip from Qualcomm. The announcement, made at 2022 CES, illustrates Qualcomm’s success in capturing more market share in the automotive sector, specifically ... |
Consumer Robotics Show | Brian Heater | 2,022 | 1 | 6 | been a weird show for robotics. That’s not an indictment of the show itself, so much as a comment on the state of robotics generally. It’s true the organization behind the show dropped the name “Consumer Electronics Show” some number of years ago (a fact it continues to be very insistent about in its press materials),... |
Zoi, a preventive care startup co-founded by a former Macron advisor, raises $23 million seed round | Romain Dillet | 2,022 | 1 | 24 | Meet Zoi, a new French startup that wants to combine routine medical checkups with preventive care through a mobile app. The startup has been co-founded by , former special advisor to Emmanuel Macron during the early days of its presidency, and Paul Dupuy, who previously worked on . Before I tell you more about the p... |
Intellect, the mental health startup focused on APAC, raises $10M Series A | Catherine Shu | 2,022 | 1 | 24 | Mental health app Intellect’s founder and CEO Theodoric Chew. Intellect , the Singapore-based mental health startup focused primarily on Asia-Pacific markets, announced today it has raised a $10 million Series A. The company’s services, including self-directed mental wellness programs in 15 languages and online thera... |
TikTok is working on avatars, live audio streams, new creator tools and more | Amanda Silberling | 2,022 | 1 | 24 | TikTok is building a number of new features, including Bitmoji-like avatars, keyword filtering for the For You Page, group chats, audio-only livestreams, screen sharing on livestreams and Twitch-like subscription features, which would allow creators to make subscriber-only emotes and subscriber-only comment sections. T... |
For the first time in 4 years, profitability beats growth | Jeremy Abelson | 2,022 | 1 | 24 | decade, private company executives have all asked us the same question: “Do public market investors prefer profitability or growth?” While the answer to that question is not simple, the recent trends in the data are clear. In 2021, profitability — measured by free cash flow (FCF) margins — not revenue growth, had the ... |
Gillmor Gang: Culture Clubs | Steve Gillmor | 2,022 | 1 | 24 | I’ve spent the last few weeks diving into the world of crypto, and lo and behold, there might be something to it. Part of the problem is I rarely sense an innovation that revolves around the inevitability of people making big money. Instead, I become aware of something that might be bubbling up, like a new Apple chip o... |
Telemedicine startups can survive and thrive under renewed regulation | Nathaniel M. Lacktman | 2,022 | 1 | 24 | As the pandemic shifts from an acute phase to one in which we learn to live with COVID-19 as an endemic presence, some entrepreneurs and investors may fear what comes next for virtual medicine. Nearly half the U.S. states have ended emergency legal waivers introduced during the pandemic that allowed patients to be seen... |
Asia HR tech platform Darwinbox becomes unicorn with TCV-led $72 million funding | Manish Singh | 2,022 | 1 | 24 | HR tech platform Darwinbox has more than tripled its valuation to become a unicorn in a new $72 million funding round as the Indian startup leads what an investor calls the “SaaSification of Asia” trend. Technology Crossover Ventures (TCV) — an investor known for backing firms such as Netflix, Meta, Spotify and Airbnb ... |
Daily Crunch: Peloton CEO in hot seat, activist investor says ‘the ride for Mr. Foley is over’ | Alex Wilhelm | 2,022 | 1 | 24 | Hello and welcome to Daily Crunch for January 24, 2022! Today is a kinda tough day for, well, everyone. The value of assets new and old dropped around the world, and everyone is staring around at the mess, wondering what comes next. Well, the good news is that we can answer that question for you. What’s next? A gajilli... |
Hundreds of Y Combinator alumni join crypto collective to back web3 startups | Lucas Matney | 2,022 | 1 | 24 | A crypto collective backing web3 startups is seeking new members. The only condition for joining? Applicants must be alumni of the Y Combinator accelerator. The group, called , is an effort to build out a venture structure which can scout out and back young crypto startups. It was formed this fall with a few dozen YC ... |
Apple extends an in-app purchase exemption for some developers impacted by pandemic | Sarah Perez | 2,022 | 1 | 24 | The pandemic isn’t over yet, according to Apple. The iPhone maker has of an App Store rule that allowed app developers to bypass Apple’s in-app purchase system for specific services that had been forced to go virtual due to ongoing Covid outbreaks. Specifically, Apple will continue to defer its , which requires apps... |
AI2 shows off an open, Q&A-focused rival to GPT3 | Devin Coldewey | 2,022 | 1 | 24 | OpenAI’s impressive AI language model GPT-3 has plenty of things going it, but with 175 billion parameters no one would claim it’s particularly streamlined. The Allen Institute for AI (AI2) has demonstrated a model that performs as well or better than GPT-3 on answering questions, but is a tenth the size. Macaw, AI2’s ... |
Max Q: Sports in space? | Darrell Etherington | 2,022 | 1 | 24 | Welcome back to Max Q, our weekly newsletter about space and the business thereof. This week, plans for a private sports and entertainment complex in orbit materialize. … which will also somehow be a “sports arena?” Yes, that’s right, it’s (SEE), the production company behind Tom Cruise’s infamous forthcoming movie t... |
null | Brian Heater | 2,022 | 1 | 6 | null |
3 ways investors can assess the strength of an NFT opportunity | Clara Bullrich | 2,022 | 1 | 24 | may be filling board rooms and news feeds, but their complex and new nature makes it hard for investors to determine which projects show promise. In fact, only a small portion of investors are reaping the most profits from NFTs, according to by Chainalysis. I’ve been involved in more than 50 NFT and cryptocurrency d... |
Mentor Collective shakes off its boots to scale student support services | Natasha Mascarenhas | 2,022 | 1 | 24 | Mentorship is a crucial ingredient to a student’s success. The demand for a platform to make the art of advice more accessible is thus easy for entrepreneurs to identify then pitch, Startups that want to scale mentorship across different industries need to build up a supply of mentors diverse, and present, enough to c... |
Not Dead Yet: IBM’s revenue growth accelerates in Q4 | Ron Miller | 2,022 | 1 | 24 | IBM — and the news wasn’t just “good.” For a company that has seen negative or low revenue growth for almost a decade, it was great. Big Blue reported $16.7 billion in revenue for the quarter, up 6.5% year over year (8.6% on a constant-currency basis; the strengthening dollar is making a number of companies deal with... |
Google has a Wordle Easter egg and it’s cute, okay | Amanda Silberling | 2,022 | 1 | 24 | I know, I know, you’re tired of Wordle. Just mute the word “wordle” on Twitter and don’t be like the guy who made a Wordle-spoiling bot and got for being a party pooper (actually, it’s because it’s against Twitter guidelines to make a bot that is , but that’s some definitively party-pooping behavior). Okay, now that... |
Recipe app Pestle helps you organize, plan, and cook hands-free or with friends on FaceTime | Sarah Perez | 2,022 | 1 | 24 | A newly launched recipe app called aims to do more than provide a place to save and organize your favorite recipes. The app, from indie developer Will Bishop, also helps you plan meals, create shopping lists, keep up with new recipes from creators and even cook hands-free or with friends and family remotely over Appl... |
Google gets hit with a new lawsuit over ‘deceptive’ location tracking | Taylor Hatmaker | 2,022 | 1 | 24 | Washington, DC, Texas, Washington state and Indiana announced the latest lawsuit against Big Tech Monday, alleging that Google deceived users by collecting their location data even when they believed that kind of tracking was disabled. “Google falsely led consumers to believe that changing their account and device sett... |
Mark Cuban on his online pharmacy: ‘Our KPI is how much we can reduce the stress of our patients’ | Devin Coldewey | 2,022 | 1 | 24 | Mark Cuban’s announcement over the weekend of an online pharmacy selling over a hundred generic drugs at near cost was totally unexpected but will likely be welcomed by millions who struggle to afford medication. The billionaire told TechCrunch that the business model is refreshingly simple: “Lower pricing reduces pati... |
NASA celebrates private sector deployments of space-born tech in its latest Spinoff | Devin Coldewey | 2,022 | 1 | 24 | NASA’s Spinoff magazine is one of the things I look forward to reading every year. The space agency’s research trickles down to the rest of the world in surprising and interesting ways, which it tracks and collects in this annual publication. This year is no different, and NASA tech can be found in everything from hiki... |
Paytm, Zomato, Nykaa and PolicyBazaar shares drop to record lows | Manish Singh | 2,022 | 1 | 23 | Shares of Paytm, Zomato, PolicyBazaar and Nykaa — four Indian tech startups that went public last year — on Monday tumbled to their record lows since market debuts last year as analysts predict a global market correction amid U.S. investors worrying about the prospect of high interest rates. Shares of Paytm dropped mor... |
Ola Electric valued at $5 billion in new funding | Manish Singh | 2,022 | 1 | 23 | Ola Electric said on Monday it has raised $200 million in a new financing round even as the Indian ride-hailing giant’s spin-off struggles to deliver its maiden electric scooter to customers and . Tekne Private Ventures, Alpine Opportunity Fund and Edelweiss are among those that financed the new round, which values Ol... |
Is this the year that we get our dream back-channeling platform? | Natasha Mascarenhas | 2,022 | 1 | 15 | Among many of the entrepreneur catchphrases out there, the one that annoys me the most is: “It’s not what you know, it’s who you know.” The phrase may be meant to make people with imposter syndrome remember the importance of a simple cold emails, but it often comes off as a rebranded way to remind people that exclusive... |
The race to fund crypto’s future sure is expensive | Alex Wilhelm | 2,022 | 1 | 15 | Welcome to the weekend! We made it. Barely, I think, given how tired everyone sounds on the phone and over on Twitter. But we beat the working days back all the same, which means we get to lean back and enjoy ourselves for a minute. Yes, we’re talking crypto today. Rejoice! I’m impressed with the into other companies... |
Raising money is catastrophically challenging for female founders | Shanea Leven | 2,022 | 1 | 15 | “Raising money is catastrophically challenging for female founders, and even harder for Black female founders.” It’s a bold, even damning statement — one I made in a recent discussion speculating what’s to come in 2022 for women leading startups, like myself. As one of a few Black female CEOs in the developer tools spa... |
In bad news for US cloud services, Austrian website’s use of Google Analytics found to breach GDPR | Natasha Lomas | 2,022 | 1 | 12 | A Europeans’ personal data to the US for processing — with the watchdog finding that IP address and identifiers in cookie data are the personal data of site visitors, meaning these transfers fall under the purview of EU data protection law. In this specific case, an IP address “anonymization” function had not been pro... |
This Week in Apps: Fortnite (sorta!) returns to iOS, PUBG Mobile maker sues over copycats, Apple plans for alternative payments in South Korea | Sarah Perez | 2,022 | 1 | 15 | Welcome back to This Week in Apps, that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the year-end . App Annie glo... |
Turnip raises $12.5 million for its mobile-first gaming community platform | Manish Singh | 2,022 | 1 | 12 | Turnip, an Indian startup that is building a mobile-first gaming community platform, has raised $12.5 million in a new financing round to deepen its footprint in India and dozens of other countries and dabble with web3 as it looks to broaden its product offerings. Greenoaks and Elevation Capital co-led the one-and-a-ha... |
India’s LEAD School becomes unicorn with fresh $100M in funding | Manish Singh | 2,022 | 1 | 12 | Despite the recent boom of consumer-focused education learning platforms in India, the vast majority of students in the South Asian nation remain unserved. The existing B2C offerings are expensive for most of the students and are heavily skewed towards those in high school preparing for competitive exams. , a nine-year... |
A peek into web3 power player Animoca Brands | Connie Loizos | 2,022 | 1 | 12 | If you haven’t heard of over the last year or so, you haven’t been paying close attention. With a long and growing list of digital entertainment, blockchain and gaming properties, the eight-year-old, 600-person Hong Kong-based outfit has quietly become one of the most active participants in a that more and more sta... |
Nigeria lifts ban on Twitter, says the social media giant has met conditions | Tage Kene-Okafor | 2,022 | 1 | 12 | The Nigerian government has lifted the suspension of Twitter operations more than six months after it first on the social media giant in the country. Kashifu Inuwa Abdullahi, the director-general of Nigeria’s tech agency, National Information Technology Development Agency (NITDA), made this announcement via a stateme... |
Daily Crunch: Payments company Checkout.com reaches $40B valuation after $1B Series D | Alex Wilhelm | 2,022 | 1 | 12 | Hello and welcome to Daily Crunch for January 12, 2022! Today we have to talk about things both serious and less serious. So we’re going to look at global venture capital results for 2021, and Wordle. A delayed IPO, and the fact that a panda-themed startup is now a unicorn. You get the idea. Let’s go! – What is a star... |
Music app AmpMe lowers pricing after accused of being an App Store scammer | Sarah Perez | 2,022 | 1 | 12 | Around the same time Apple was touting its this week, developer and noted App Store critic brought to light what appeared to be yet another App Store scammer hiding in plain sight. , The AmpMe doesn’t require a subscription to use some of its features, but does if you want to synchronize your music to other devi... |
Setting up high-conversion lead magnets that deliver value | Aleksandra Korczynska | 2,022 | 1 | 12 | Sales stand and fall on leads, but attracting prospects and optimally converting them into buyers is an art that many have yet to grasp. About 61% of marketers consider generating traffic and leads their biggest challenge, according to . Why? Three problems currently hamper the visibility of a website. First, the digi... |
Fact-checkers write open letter urging YouTube to get serious about COVID misinformation | Taylor Hatmaker | 2,022 | 1 | 12 | A group of more than 80 prominent fact-checking organizations around the world is pressing YouTube to take action against COVID misinformation, which still prevails on the platform now two years into the pandemic. “As an international network of fact-checking organizations, we monitor how lies spread online — and every... |
The metaverse will be filled with ‘elves’ | Louis Rosenberg | 2,022 | 1 | 12 | Some say the metaverse is nothing but , while others insist it will transform society. I fall into the latter camp, but I’m not talking about cartoon worlds filled with avatars like many are pitching. Instead, I believe the – the one that will change society — will be an and within 10 years it will be the foundati... |
FCC proposes stricter requirements for reporting data breaches | Jon Fingas | 2,022 | 1 | 12 | The Federal Communications Commission is the next US regulator hoping to hold companies . Chairwoman Jessica Rosenworcel has a rulemaking proposal that would introduce stricter requirements for data breach reporting. Most notably, the new rules would require notifications for customers affected by “inadvertent” brea... |
null | Frederic Lardinois | 2,022 | 1 | 24 | null |
Unicorn exits augur poorly as Justworks delays IPO, citing ‘market conditions’ | Alex Wilhelm | 2,022 | 1 | 12 | software startup focused on the HR market for small and medium-sized businesses, announced earlier today that it would delay its IPO. In a statement to TechCrunch, Justworks said that it “decided to delay its IPO due to market conditions at this time.” An IPO delay is just that, a public debut pushed back. But Justwor... |
Dorm Room Fund returns to campus with new $10.4 million fund | Natasha Mascarenhas | 2,022 | 1 | 12 | , a venture capital operation that launched to invest in student-led startups, has raised a new $10.4 million fund, The filing marks Dorm Room Fund’s largest fund to date, and its first that appears to include investors beyond First Round Capital, the firm that first launched the student-focused operation in 2012. Th... |
Magic Leap grants healthcare startups access to its new AR headset ahead of mid-2022 release | Igor Bonifacic | 2,022 | 1 | 12 | Ahead of a planned enterprise release later this year, Magic Leap has provided a group of healthcare companies with to its second-generation augmented reality headset. One of the companies, , offers software that allows doctors to see a 3D model of a patient’s heart while they’re operating them. Another company, Bra... |
Apple releases iOS 15.2.1 to patch iPhones and iPads against HomeKit flaw | Carly Page | 2,022 | 1 | 12 | has fixed a security vulnerability in iOS and iPadOS that could be exploited via HomeKit to launch persistent (DoS) attacks. The technology giant on Wednesday to patch the so-called “doorLock” flaw, which was disclosed earlier this month by . The bug affects iPhones and iPads running iOS 14.7 through iOS 15.2 and ... |
Omnichannel customer messaging platform Superchat raises $15.6M round led by Blossom | Mike Butcher | 2,022 | 1 | 12 | While last year’s is still sending shivers down the spine of its 2 billion users, the same is also true for the millions of businesses now using it to connect with their customers. As we now know, messaging across all platforms is a new area from which many startups are emerging. One of the most recent is , which is... |
HomeValet launches its $499 Smart Box to keep your grocery deliveries cold and packages secure | Sarah Perez | 2,022 | 1 | 12 | , a D.C. Metro area-based startup that has developed a temperature-controlled for grocery deliveries, is now releasing its smart home product to the public and expanding its partnership with Walmart. The company had previously piloted its Smart Box with Walmart in 2021 as a way for grocery delivery customers to keep ... |
AI-powered transcription platform DeepScribe raises $30M to unburden doctors from tedious data entry | Aisha Malik | 2,022 | 1 | 12 | , an AI-powered medical transcription platform, has raised $30 million in Series A funding led by Nina Achadjian at Index Ventures, with participation from Scale.ai CEO Alex Wang, Figma CEO Dylan Field and existing investors Bee Partners, Stage 2 Capital and 1984 Ventures. The company’s latest round of funding follows ... |
EVage raises $28M to be a driving force in India’s commercial EV revolution | Rebecca Bellan | 2,022 | 1 | 13 | A congruence of factors in India — notably, climate change policies, fuel costs and skyrocketing demand for e-commerce — has set up ideal conditions for startups like all-electric commercial vehicle startup EVage. The startup already has five EV trucks on the road for a range of e-commerce customers, including Amazon I... |
Dear Sophie: Do we need a visa to explore the US market? | Sophie Alcorn | 2,022 | 1 | 12 | of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says , a Silicon Valley immigration attorney. “Whether you’re... |
Wordle founder Josh Wardle on going viral and what comes next | Ingrid Lunden | 2,022 | 1 | 12 | an unlikely success story, and as we approached the new year, one came around the corner to delight us with a simple idea, and a short game to play it out: , where you guess a five-letter word in six tries, and then laugh and cry with others as you share your results and the grid charting your attempts. It’s a breath... |
House committee investigating Jan. 6 subpoenas Meta, YouTube, Twitter and Reddit | Taylor Hatmaker | 2,022 | 1 | 13 | The House committee leading the investigation into the January 6, 2021 insurrection at the U.S. Capitol issued subpoenas to four major tech companies Thursday. January 6 select committee chairman Bennie G. Thompson (D-MS) sent to YouTube parent company Alphabet, Facebook and Instagram parent company Meta, Reddit and ... |
UK class action lodged against Meta seeks $3.1B for breach of competition law | Mike Butcher | 2,022 | 1 | 13 | A competition legal expert, backed by a powerful litigation fund, is set to mount a multibillion-dollar class action suit against Facebook/Meta for breach of competition law on the basis that it abused its dominance of social networking in the U.K. for several years. If successful, the action would see Facebook having ... |
Vangst ropes in $19 million more to place employees with work in the growing cannabis industry | Connie Loizos | 2,022 | 1 | 13 | In a tight labor market, so-called vertical labor marketplaces that zoom in on one industry, like nursing or hospitality, are drawing funding. Trusted Health, a healthcare staffing platform, raised in funding in November, for example. Seasoned, a hiring platform for restaurant workers, closed on nearly at roughly th... |
Daily Crunch: Banking app Current amps up its savings rate to 4.00% APY | Alex Wilhelm | 2,022 | 1 | 13 | Hello and welcome to Daily Crunch for January 13, 2022! Somehow it is already the close of Thursday, which is odd, as it was minutes ago Monday morning. Such is the pace of 2022! There is some hope in the market that things will slow down ( ), but that doesn’t seem super likely at the moment. More on that shortly, alon... |
Second Life’s creator is returning to advise the original metaverse company | Taylor Hatmaker | 2,022 | 1 | 13 | The creator of one of the earliest and most enduringly iconic virtual worlds is returning to his roots. Second Life’s founder Philip Rosedale will rejoin the company he founded in 1999 as a strategic advisor after , the spatial audio company Rosedale co-founded in 2013, invested in Second Life’s developer Linden Lab. ... |
Google’s loss to Sonos settles it: Big Tech has an IP piracy problem | Adam Mossoff | 2,022 | 1 | 13 | The U.S. International Trade Commission that Google infringed Sonos’ patented innovations in wireless speaker technology. This may sound like an obscure legal ruling about a complicated fight over intellectual property. But it confirms a problem that threatens America’s innovation economy and its international econom... |
5 essential factors for attracting angel investment | Marjorie Radlo-Zandi | 2,022 | 1 | 13 | two decades as an angel investor and early-stage company scout, I’ve met with hundreds of entrepreneurs seeking funds and sat through an equal number of slide deck pitches. You could say I’ve seen it all. From my point of view as an angel investor and former entrepreneur, here are five essential factors I look for whe... |
Software stocks give up even more ground | Alex Wilhelm | 2,022 | 1 | 13 | Quick blog here to update you on some pretty important movements in the market. Today, in a nasty day for stocks generally, shares of software and cloud companies took a pounding. In numerical terms, the Nasdaq Composite lost 2.51%, . That’s a very bad day for a huge, critical category of publicly traded wealth. And t... |
Row, row, row your phone, gently, ’till it’s charged | Haje Jan Kamps | 2,022 | 1 | 13 | Against a backdrop of a pandemic that has shredded supply chains and gym memberships alike, it was mildly surreal to see professional-grade gym machine company launch a rowing machine that can pump energy back into the grid. Like a wind turbine or a solar panel, except powered by pecs, deltoids and trapeziuses. The r... |
Fortnite is coming back to iOS, but not on the App Store | Amanda Silberling | 2,022 | 1 | 13 | Fortnite is back on iOS — well, kind of. Through Nvidia’s streaming game service , mobile users on iOS and Android will be able to play a touch-control version of Fortnite through cloud gaming. Players can now to join the closed beta test for Fortnite’s new mobile work-around — you don’t need to have a to play, an... |
Dear VCs: If you want startup prices to come down, stop paying higher prices | Alex Wilhelm | 2,022 | 1 | 13 | That the venture capital market is incredibly exuberant at the moment is not news. Data from 2021 paints the picture of , with more capital, unicorns and nine-figure deals than ever. And let me tell you, some venture capitalists are tired of it. PitchBook how startup prices are too high from the viewpoint of investo... |
Meta shuts down its experimental video speed-dating service, Sparked | Sarah Perez | 2,022 | 1 | 13 | Meta is shutting down it had tested over a good part of last year, the company informed the service’s users via a recent email. Last April, the company formerly known as Facebook it was testing a new dating service called , which was developed by its in-house incubator, the . Unlike modern dating apps where users... |
GoFundMe gets Classy (literally) with acquisition of nonprofit giving platform | Amanda Silberling | 2,022 | 1 | 13 | GoFundMe today that it will acquire Classy, a nonprofit fundraising software company. This is an all equity deal, though the company did not disclose the financials. Anyone can make a GoFundMe, from a local food pantry to a community member in need. But Classy is more specialized, working directly with nonprofits. Si... |
Here’s why CNET co-founder Halsey Minor is bullish on NFTs | John Biggs | 2,022 | 1 | 13 | lived many lives. One of the founders of CNET, Minor entered tech media at a time when the closest thing most of us had to the web was a spider spinning cobwebs on an old NES. Born in Charlottesville, Virginia, Minor worked for Merrill Lynch during the rise of the internet in the early 1990s and, in the words of Wayne... |
null | Ron Miller | 2,022 | 1 | 12 | null |
The year of living autonomously | Brian Heater | 2,022 | 1 | 13 | era of the virtual event, it tends to take me a few days to recover from the whirlwind of CES. Frontloading the year’s big hardware news is a bit less than ideal, but perhaps the changing nature of the big tech event will bring adjustments to the news cycle, as well. For this reason, I’m frankly a bit relieved that it... |
Meet the 13 startups in IndieBio’s SF cohort, and discover what about each swayed investors | Emma Betuel | 2,022 | 1 | 13 | Getty Images / Juan Carlos Munoz Sea & Believe Getty Images / koto_feja *An earlier version of this article miscounted the amount of startups in this cohort. There are 13. |
The M11 is Leica’s new flagship rangefinder | Devin Coldewey | 2,022 | 1 | 13 | Leica’s a strange one. It only puts out a handful of cameras every year, and most of them are remixes or minor iterations on previous models. Since 2017 its flagship has been the solid but still somewhat archaic M10, but now the company has revealed its successor: . Leica really defined the rangefinder style in camera... |
Yahaha Studios, a platform for building no-code, immersive games, raised $50M in 3 rounds ahead of its launch this year | Ingrid Lunden | 2,022 | 1 | 13 | The success of and other user-created gaming experiences like have democratized the concept of making games and have taken it into the mainstream. Now, a startup founded by veterans from Unity, Microsoft and EA that is building a new platform for creators to build immersive games, and related communities around lik... |
Has Y Combinator’s new deal changed the early-stage investing game? | Alex Wilhelm | 2,022 | 1 | 13 | announced plan to invest more capital into startups that take part in its accelerator program is more controversial than many first assumed. By raising its so-called “standard deal” to , the U.S. program and investing group with hundreds of companies in each of its accelerator classes may have materially changed the ... |
Daily Crunch: One-click checkout company Bolt ushered into decacorn territory on $355M Series E | Alex Wilhelm | 2,022 | 1 | 14 | Hello and welcome to Daily Crunch for January 14, 2022! I suppose that this has been the week of Wordle, in that everyone and their dog are tweeting their scores and results. A small bit of camaraderie for those of you out there who are not good at the game: I am also trash. And since I still get paid to write, I refus... |
Singapore-based Sesto Robotics targets international expansion with $5.7M raise | Brian Heater | 2,022 | 1 | 14 | Singapore-based industrial robotics firm Sesto this week announced a $5.7 million raise, featuring TRIVE, WTI GmbH and SEEDS Capital (Enterprise Singapore’s VC wing). The round follows a similarly sized $4 million Series A, back in 2018. Sesto has had a busy few years since that round — as have many in the industrial r... |
The FTC is reportedly probing Meta’s VR business for antitrust violations | Taylor Hatmaker | 2,022 | 1 | 14 | Following news that the FTC’s antitrust suit against Meta earlier this week, the agency is apparently also taking a sharp interest in the company’s VR business. Bloomberg that the FTC and multiple state attorneys general are probing Meta’s virtual reality division for “potential anti-competitive practices.” New York... |
LG and the hunt for the next-gen corporate incubator | Haje Jan Kamps | 2,022 | 1 | 14 | Whatever you do, don’t refer to LG’s incubator program LG Nova as a corporate venture capital (CVC) outfit. LG Nova is the pointiest tip of the spear for LG, the company’s experimental playground to work with startups to explore spaces where the corporation has spotted areas ripe for future growth. Backed by a relative... |
LG reveals the first shortlisted startups for its LG Nova incubator | Haje Jan Kamps | 2,022 | 1 | 14 | Korean technology giant makes everything from televisions ( ), washing machines and fridges, to, well, . It shouldn’t come as a surprise that the company has a robust interest in innovation, then, and is its relatively new North American Innovation Center. Based out of Santa Clara in Silicon Valley, California, th... |
Hear from these amazing investors and founders on TechCrunch Live this February | Matt Burns | 2,022 | 1 | 14 | (formerly Extra Crunch Live) is coming back this February, and we have a fantastic lineup to start the new season. Changes are coming to the show, too. In 2022 look for more pitch decks, more pitch-offs and more of the best founder/investor combos. Last year’s season ended on a high note. We had Pilot’s founder explai... |
US residents can order free, at-home COVID-19 tests starting on January 19th | Kris Holt | 2,022 | 1 | 14 | One year, 10 months and eight days after the World Health Organization declared the pandemic, Americans will be able to order free, from the government. Starting on January 19th, you’ll be able to visit and request tests, which will be mailed to your home. For now, the website only has a landing page in English a... |
Netflix raised its prices again | Devin Coldewey | 2,022 | 1 | 14 | Netflix has raised the prices of its subscription services once again in the U.S. and Canada. All new subscribers will see the new prices starting today, and existing customers will receive an email notice 30 days before the increase enters effect. The hikes were , which Netflix told: “We’re updating our prices so tha... |
Fintech and insurtech innovation in Brazil set to take off on regulatory tailwinds | Anna Heim | 2,022 | 1 | 14 | system Pix ended 2021 having powered more than 8 billion transactions, according to from the country’s Central Bank. This is quite an impressive figure for an offering only launched in November 2020 and goes to show how ubiquitous Pix has become in the country. You could describe Pix as “a government-built version o... |
TechCrunch+ roundup: Allocating equity, unicorn traffic jam, blockchain gaming survey | Walter Thompson | 2,022 | 1 | 14 | Early-stage startup founders have just a few ways to recruit and retain employees: In most cases, equity will not leave employees with substantial wealth. But even the most embittered worker will think twice about walking away from a job before they’re fully vested. In a TC+ guest post, Kirsten Prost, vice president at... |
Lawtrades aims to change how your company utilizes legal resources | Christine Hall | 2,022 | 1 | 14 | Similar to other industries embracing contract work, is giving legal professionals a way to become independent and run their own virtual law practices. Raad Ahmed and Ashish Walia started the company in 2016 with an initial focus on startups and small businesses, trying to find product-market fit (as one does), but f... |
A hospitable metaverse requires the basic building blocks of virtual life | Steve Alexander | 2,022 | 1 | 14 | Meta’s stated mission is to seamlessly connect disparate environments like work, social media and gaming so it can allow people to effectively live and work in the virtual space. This will clearly have a significant and sustained impact on our networks. We aren’t just talking about a need to be constantly connected, wi... |
NFT volume, DAOs and the curious case of LooksRare | Alex Wilhelm | 2,022 | 1 | 14 | NFT marketplace volume a few times each day to keep tabs on the burgeoning market for buying and selling digital signatures on various blockchains that point to images and the like. We’re very cool. Mostly, the data is steady. OpenSea , with other, smaller NFT exchanges and some crypto games filling in the list. You ... |
Bentley Motors blends tech and coachbuilding in the 2022 Continental GT Speed | Alex Kalogiannis | 2,022 | 1 | 14 | bestride the old world and the modern era. For over a century, the automaker has been at the forefront of automotive luxury and performance, and while it has constantly adapted to change during the years, classic, tactile coachbuilding has always remained as its ethos. This romantic view of automotive manufacturing se... |
The friends with benefits of the financial world | Natasha Mascarenhas | 2,022 | 1 | 14 | Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday episode, a run-down of key news headlines, startup funding rounds and whatever else is popping in the worlds of startups and tech. Happily this week, we did not talk abo... |
Russia’s FSB ‘shuts down’ notorious REvil ransomware gang | Carly Page | 2,022 | 1 | 14 | The Russian Federal Security Service (FSB) on Friday that it has raided and shut down the operations of the notorious REvil ransomware gang. The unprecedented move — which will undoubtedly send a message to other ransomware groups operating out of the country — saw the Russian authorities conduct raids at 25 addresse... |
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