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Overheard at a VC/startup conference recently: Product market fit is like a product going around from weirdly shaped customer group to weirdly shaped customer group, like that old kid’s book “Are you my mommy?” Startups can be a little bit like that; sometimes the users can surprise you, and the product needs to ask a few different potential customer groups whether it is a good fit.
Oh, and Dominic-Madori wants to hear Black founders’ stories of VC fundraising — If you are a Black founder with war stories (or if you know someone who does), get involved! — Christine and Haje
Something spooky happening: WhatsApp experienced an outage today in several countries, and users had to wait two hours before things went back to normal, Manish reports.
Hit me baby one more time: Manish also writes about Google, which got its second penalty from India’s antitrust watchdog, this time $113 million for what the organization said was anticompetitive practices with Play Store policies. The first was a $161.9 million fine related to Android mobile devices.
Just in time for Halloween: Amanda introduces us to a new ghost dog Pokémon called Greavard.
Bilt Rewards, which works with some of the country’s largest multifamily owners and operators to create loyalty programs and a co-branded credit card for property renters, entered unicorn status after securing $150 million in a growth round at a $1.5 billion valuation led by Left Lane Capital, Christine reports.
Emergency response services have had a big boost of data thanks to advances in connected technology, with watches that can detect when their wearers are falling down and are experiencing trauma, cars that can pinpoint where their drivers are located and home systems that can transmit important data about fires when you cannot. These are just a few of the innovations we’ve seen in recent years, and today, a startup called RapidSOS is announcing some funding as it continues to connect the dots for emergency first responders, Ingrid reports.
And we have five more for you:
Smarter chips, guac optional: AI chip startup Axelera lands $27 million in capital to commercialize its hardware, Kyle reports.
Now you can get Nothing in stores: Brian reports that, ahead of launching its third product, Nothing announces a brick-and-mortar store.
Pouring some fuel on the fire: Romain reports that Station F turns its main startup program into an acceleration program.
Checking the pulse of telehealth: Andrew reports that telehealth unicorn Cerebral lays off 20% of staff for “operational efficiencies.”
Growing revenue > cutting costs: Anna discusses why startups are better off prioritizing growth instead of optimizing cloud costs.
Image Credits: kutaytanir (opens in a new window) / Getty Images
Outsiders study multiple facets of a startup to determine its value and quality, and codebase health is one of them.
A pitch deck is just part of the story, writes Matt Van Itallie, founder and CEO of codebase analytics company Sema.
After technical due diligence (TDD) begins, no amount of storytelling can cover the secrets buried in GitHub and Jira.
To help companies prepare for TDD, Van Itallie has written a primer with eight questions founding teams must be able to answer confidently. Tomorrow, we’ll run his detailed TDD checklist.
8 questions to answer before your startup faces technical due diligence
Three more from the TC+ team:
The first angel deck teardown to date: Pitch Deck Teardown: Palau Project’s $125K pre-seed deck, by Haje.
So, er, what’s happening in Q3?: Five questions to consider ahead of Big Tech’s Q3 earnings, by Alex.
Batten the hatches: The seas are getting even rougher for Chinese startups, by Alex.
TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!
In the midst of trying out the new Google Pixel 7 Pro’s camera, Haje found “a really dumb, totally avoidable flaw” that detracts from what is otherwise “the best camera phone out there,”and he is telling the world. Speaking of product reviews, Brian has a closer look at macOS Ventura.
Also, it’s probably not wise to have your law firm on the opposing side of the same issue. Natasha M brought this to Launch House’s attention when news of a harassment investigation surfaced and now reports that the venture-backed founder’s club split with its law firm.
And we have five more for you:
Let’s stay together: Natasha L has an update on Shutterstock’s pairing with OpenAI. The companies will integrate OpenAI’s DALL-E 2 and launch a fund for contributing artists.
Shopper’s delight: Amazon is allowing Venmo as another payment method for customers, Ivan writes.
Give ’em credit: Carly and Jagmeet teamed up to report on the Hive ransomware gang, which they say has claimed responsibility for leaking employee data stolen during the Tata Power cyberattack.
You’ll have to wait: The verdict on the continuation of Meta’s prosecution in Kenya will now not happen until early next year, Annie writes.
All hail: Rebecca reports that Chinese luxury electric vehicle maker XPeng is moving forward with a robotaxi network using its G9 SUV.
A group of Uber drivers in New Zealand won a landmark case Tuesday against the ride-hail company which will force Uber to treat them as employees, rather than independent contractors. New Zealand's employment court decision only applies to four drivers who were part of a class action lawsuit filed last July, but the ruling may have wider implications for drivers across the country keen on qualifying for worker rights and protections. The move in New Zealand comes just a couple of weeks after the U.S. Department of Labor proposed widespread changes to how gig workers should be classified.
Whenever YouTube superstar MrBeast crops up in business or tech headlines, you're guaranteed to find a slew of bewildered comments: Who is this guy, and why is a YouTuber such a big deal? If you don't know who MrBeast is, that's fine. According to Axios' sources, MrBeast — the 24-year-old whose name is Jimmy Donaldson — is trying to raise $150 million for his business, valuing it at $1.5 billion.
Talking to Valentina Milanova, the still just 28-year-old founder of U.K. femtech Daye, is best described as an exhilarating experience. During our interview, she talks in and around her topic — building a startup supporting women's sexual and reproductive health — non-stop for the best part of an hour, barely pausing for breath and without needing to be prompted to unpack the detail (although an engaged listener will be forced to interject with exclamations and follow-on questions as she lays out her sharp takes) — dispensing, at times, part-fascinating, part-horrifying insights from the coal-face of a field that's suffered from a chronic lack of research and innovation for far too long. The thrill comes in knowing she's intent on being the change — and bringing positive change — to gynaecological health by working with clinicians to do the research and build out a platform that's designed to open up an overlooked and neglected 'Pandora's Box' of intimate female health issues and put women in the driving seat over choices affecting their bodies and lives.
It's a tough market for venture capital, but Square Peg Capital is plowing ahead with its focus on Australia (where it is based), Southeast Asia and Israel. Part of Square Peg’s new capital will be used for its core venture fund, which invests in seed to Series B startups. It will also invest in the later stages of its best-performing portfolio companies through its Opportunities Fund.
Helbiz's deal to buy Wheels has officially gone through and with it some promises from the shared micromobility operator to its investors that the tie-up will double its annual revenue and help it reach profitability. Helbiz is hardly the only shared micromobility operator battling to achieve profitability. It's a situation that most companies in this volatile industry are in today.
The tech giants say customers are cutting back amid growing signs of an economic downturn.
Ride-hail giant Lyft has relaunched Lyft Pink, its monthly subscription plan, at half of its previous price. At $9.99 per month or $99 per year, the new membership offers perks like free priority pickups and a discount of "at least" 5% on Preferred, Lux and XL rides, the company said Tuesday.
Singapore may soon require retail investors to take a test and not use credit card payments and other forms of borrowing for trading cryptocurrencies, the central bank proposed on Wednesday in a series of stringent measures as the island nation looks to make citizens aware of the risks surrounding volatile assets. The Monetary Authority of Singapore said in a set of consultation papers that it’s worried that many retail customers may “not have sufficient knowledge of the risks of trading” digital payment tokens, which may lead them “to take on higher risks than they would otherwise have been willing, or are able, to bear.” The central bank also proposed that crypto firms licensed under the nation's Payments Services Act should not be allowed to lend to retail investors in a move that could topple many firms' businesses.
White House COVID-19 Response Coordinator Dr. Ashish Jha joins “CBS Mornings” to discuss the flu, COVID-19 and RSV – three viruses that could overwhelm hospitals this winter.
As part of its earnings call, Microsoft today announced a number of new data points for GitHub, the massively popular code repository service it acquired for $7.5 billion in 2018. According to Microsoft, GitHub now has an annual recurring revenue of $1 billion, up from a reported $200 to $300 million at the time of the acquisition. The company also announced that the service now has over 90 million active users on the platform, up from 28 million when the acquisition closed and 73 million last November, when Thomas Dohmke replaced Nat Friedman as the service's CEO.
While hydrogen is still relatively niched as a fuel for electric vehicles, a startup in China is jumping ahead to embrace it for autonomous driving scenarios. WeRide, one of the most funded robotaxi operators in China with investors including Renault-Nissan-Mitsubishi Alliance, said Tuesday it is joining hands with Hyundai to launch a "self-driving hydrogen-powered vehicle pilot zone" in Guangzhou, the southern metropolis where it's headquartered. The collaboration comes at a time when the research and production of clean hydrogen increasingly becomes a focal point for China, which has been striving to decarbonize its economy.
Selfie Verification will prompt users to upload a video of themselves to confirm they look like the person pictured in their profile.
The first three products under the new mark are the Unify stream mixing app and two USB microphones.
Spotify launched its audiobook business just last month with 300,000 titles, but is now saying that Apple is engaging in "anticompetitive" behavior.
The iPhone maker just made a controversial decision that is being heavily criticized on social media.
Piper Sandler Equity Research Analyst for Cloud Software and Analytics Brent Bracelin joins Yahoo Finance Live to discuss Microsoft earnings and the slowdown in cloud and software stocks.
In this article, we will be taking a look at the 11 best metaverse stocks to buy. To skip our detailed analysis of these stocks and the rise of the metaverse, you can go directly to see the 5 Best Metaverse Stocks to Buy. With the rise of the Internet, many other new developments have […]
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining…
Today, at the BlackBerry Security Summit, BlackBerry Limited (NYSE: BB; TSX: BB) announced new applications, software solutions, and cloud services available through its ISV ecosystem in the BlackBerry® Marketplace for Enterprise Software.
Normally we frown upon “PC cleaner” apps like CCleaner because they tend to do little more than help you find the same cleanup options already built into your computer (sometimes for a fee). However, we can make an exception for PC Manager, because it’s built by Microsoft itself, and it works really well.