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Hello and welcome to the Daily Crunch on Tuesday, March 22, 2022! We are pleased to announce that we have enlisted a few more people to bring this newsletter to you. Christine Hall For example, today I helped write the Big Technologies and Startups section. Hadje Jan Campso It will pass this week too. Give them a sequel!
Before we get started, we’ll cover air mobility and urban planning in our upcoming session: Mobility Events, so if that’s your bag, click the link. Gotta work now! I Alex
Vanity Kip top 3
- Octa leaked, shares fell: According to gaming-updates, Okta, a former startup and now a publicly traded company, today confirmed a January 1 hack in which “hackers released nightly screenshots that appeared to show access to the company’s internal systems.” After the disclosure, the company’s shares initially fell sharply, but rose during afternoon trading.
- Forge shows that the IPO market is not dead: Forge helps investors in private companies sell startup shares to others. So it’s a bit ironic that today the company went public as a result of the SPAC merger. But the offer turned out to be a resounding success, with the new publicly traded company peaking at around 60% as of this writing. This is one of the best debuts we’ve seen in a while and could help other private companies stand out on their own.
- Muni LatAm allows women to earn money from shopping: Muni is a game designed to make online shopping more common in places where digital ordering is not the norm. By collaborating with community leaders who can be paid for their work, users can book groups that are delivered collectively to and from there on a last mile basis. The company closed a $20 million Series A led by Lightspeed Venture Partners.
Startups and venture capitalists
First, let’s smile. Have you been using Zoom a lot lately? Do you want to be a cat at heart? If so, you can try this helpful Zoom tool to help you turn into a beast. The fun little device may be meant for kids, but I’m fully committed to using it in my next hands. (big compliment) Amanda Silberling To help keep gaming-updates weird.)
As for the startup market, we have some unicorn news to help you get started. Jeeves, that is Not The search engine product raised $180 million at a $2.1 billion valuation. The fintech company’s bottom line stands out from the crowd as it nearly quadrupled Jeeves’ valuation in half a year. And then there’s Capitolis, which raised $110 million at a $1.6 billion valuation. US and Israeli companies partner with major financial institutions on ‘how they move money’ Ingrid Lunden Report.
Recently, we have covered more and more agricultural technology companies, sorting them into bins labeled “Agtech”. So let’s move on to some of our latest headlines from this particular culture, shall we? The first robot to scan areas for health indicators and potential problems. It’s also cute, at least as far as robots are concerned. We also wrote a story about some people who, instead of raising a fund, created an ag technology publication that brought them together as a fund. This is a super interesting topic.
- Unicorn CityBlock Health Named CEO The $6 billion startup doesn’t change CEO often before an IPO, so when CityBlock Health took on co-founder Toyin Ajayi for a leadership role, we saw it. To date, the company has raised $900 million for its operation as a primary care provider with a focus on home care and virtual care. Our podcast has made history.
- Harness takes a closer look at open source development tools: As more and more startups are being built open-source, Harness, which is working to build a “more complete modern developer tooling platform,” doesn’t matter much. Ron Miller Report. Bought ChaosNative, which makes open source developer tools. According to gaming-updates, this is not the first acquisition of an open source company.
- Among the good initials today are: Echo, which is working to “bring applied AI to the stethoscope space,” is well known. After all, echocardiograms listen for echoes from the heart, which makes the name apt. The startup’s digital stethoscope has yet to be released in the US. The company has not received FDA approval for medical use of its software, but with $30 million in new capital, we think we have the resources to take these efforts across the board.
- Rokid shows that it still exists and is ready to enter the global market: We haven’t heard much about Chinese augmented reality company Rokid since 2018, but a new $160 million cash injection in the C Series round proves the company is ready to take on the more business side of the world. For more information on smart glasses and headsets for field personnel, see
- Firefly Aerospace name for SPAC?: A recent filing with the US Federal Communications Commission shows that the rocket startup plans to go public through a special acquisition company. This could be good news for the company, which forced its largest shareholder, Ukrainian Max Polyakov, to sell his shares on national security grounds.
Be an entrepreneur who leads with transparency
Starting a technology company is not the same as starting most small businesses: no plumber expects 3% monthly growth, for example.
Tech entrepreneurs are forced to build a team, deliver new products regularly, and generate revenue quickly so they can generate income for their investors. Therefore, it is not surprising that they sometimes leave morality aside.
Entrepreneur and investor Marjorie Radlow-Zandi says the “fake it till you make it” mindset is a useful motivational tool, but not the foundation of a sustainable business strategy:
The founder of the company I invested in kept two sets of books secret: one with accurate historical financial data and another with numbers that were more than 10 times the real numbers. Product sales and performance lagged behind. Their solution was to present extended financial data to investors.
(gaming-updates+ is our membership program that helps founders and startup teams grow. You can sign up here.)
Big Tech Inc.
- Nvidia wants to help your self-driving car: Nvidia is showing the fruits of its DeepMap acquisition with a new Drive Map feature that combines survey mapping with crowdsourced mapping data from vehicles using its platform.
- Twitter wants the EU to think about the bigger technical picture: After two years of development, Twitter closed the Open Internet Alliance, a political advocacy group that aims to encourage lawmakers to view the Internet not through the lens of a tech giant, but through the lens of a broader ecosystem. which enforces such strict digital rules. Ironically, in the US, Twitter is one such tech giant, but it’s all about “promoting open dialogue and regulation that promotes diversity and innovation online,” gaming-updates said.
- Twitch allows users to appeal an account suspension: The company has updated its appeals and reporting processes, one of the main changes being a new portal where users can file appeals and track the progress of an upcoming account suspension. Over the past two years, Twitch has told gaming-updates that it has quadrupled its moderation but also wants to correct the wrong decision.
- Microsoft AI translation just got betterMicrosoft has updated its translation services, also known as Z-code, which means users can now work in one place – you can now access 10 languages like English without having to use multiple systems. Instant translation from Bulgarian to Bulgarian. This isn’t the only place Microsoft uses Z-code, but it’s the first time Outlook has been used for a translation service.
- Shopify entered the link-in-bio boxLinkPop is Shopify’s approach to link-in-bio craze, allowing producers to launch storefronts and sell directly from their LinkPop page, and consumers to buy without leaving the app they’re using. The company aims to allow Linkpop users to create a Shopify storefront. (Link-in-bio has gained such popularity that LinkTree has raised $110 million to develop new features.)