May 25, 2022

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Hello and welcome to the Daily Crunch on Thursday, March 31, 2022!

It’s a beautiful day in our backcountry and we have great news for you today, so let’s go.

Take your calendar and add these two: On April 26th we will have a data and culture change event for big data enthusiasts and this is your last chance to buy discounted tickets to our individual TC sessions: mobility event on May 18th and 19th as well as a virtual event on the 20th.

Don’t worry, today is Thursday. The weekend is almost here. You can do; We believe in you. I Christine As well as Hey

Vanity Kip top 3

  • SEC Considers Another EV SPAC: In today’s brief, several Faraday Future executives are being called by the US Securities and Exchange Commission amid the agency’s scrutiny of electric vehicle companies that have gone public through special acquisitions. SPAC itself is not under investigation, but the company said it made false statements to investors. It’s okay, I’m sure Faraday Future has done its best – everyone does ugliness from time to time.
  • curl up, curl up in a ball, curl up in a ball, curl up in a ball, chameleon: Buy now, pay later Klarna is showing us how versatile it can be, and this is a great opportunity not to be missed. The new Klarna Kosma API for open banking applications helps businesses connect to bank accounts and appears to be a response to Visa’s announcement of its acquisition of Tink.
  • Are there layoffs in startups?: That’s the question that Alex Wilhelm made us think about today. The valuations are high, but the turnover doesn’t compare to what some companies call “paper unicorns” (great phrase, by the way). Could this mean layoffs at companies that can bring in lots of dough but don’t know how to make doughnuts? Keep for updates.

Startups and venture capitalists

We’re a little excited as Y Combinator runs a series of demo days. I invite you to read all of our reports this week, obvz, But if you want a quick recap, read Part 1 and Part 2 of our Everything You Need to Know post, make yourself a cup of coffee and complement our favorite startups with Part 1 and Part 2, then pour yourself a grown-up drink and finish it off incredible. compelling (and irrationally ironic) review of your favorite YC logo by Devin.

“Obviously, this is the season for new venture capital funds. Freestyle has closed its sixth fund adding $130 million in dry powder to the investment, while Gumi Cryptos Capital (GCC) has a $110 million cash block as the second deployed in the crypto universe.

The docker was in a rut for a while, but oh my god, he was coming back. The company just announced a major round of raising $105 million in new capital at a $2 billion valuation.

Other stories about Up, Up and Away:

  • Speaking of single-stance fantasy horses, the head of the Women’s Leaders Network saddled her status as a unicorn in her future development of Women’s Leaders during the $100 million Series B round.
  • Kenyan social business platform Tushop is using rocket fuel to grow and has raised $3 million.
  • 66% of adult Egyptians do not have access to formal financial services. Khazna has raised $38 million to fill this gap for low- and middle-income people.
  • A familiar dirty business, real estate, but French startup DeepSky has raised $166 million to improve the measurement and impact of ESG data in the region.
  • The Great Reengineering had an interesting impact on the job market, and Pursuit saw it as an opportunity. The company has raised $10 million to build a self-supporting vocational training service with a really interesting business model.
  • Hacking your customers’ data is a surefire way to lose reputation, and Antimatter has raised $12 million Series A to prevent this from happening.
  • BoxedUp is moving from videoconferencing to high-end video production, bringing the sharing economy to a previously untapped market.
  • Freelancers are jerks at the best of times (as freelancers, we can say this with complete confidence) and managing them can be truly insane. Archie wants to make the job of managers easier and has closed $4.5 million to do so.
  • Space is complex and as interesting as Kerala is, it is not suitable for commercial simulation of space missions. Slingshot Aerospace believes it can do better and has awarded a $25 million contract to the Space Force to build a digital twin of Inky Night Sky.
  • Datanomik brings banking services to Latin America with the best dLocal and AstroPay solutions.
  • Wouldn’t it be great if you could predict the future? Black Crow AI has raised $25 million to help e-commerce people discover what users can buy.
  • I’m not a big fan of injections, I was just very excited when I heard about NovaXS Biotech’s discovery of needle-free injection therapy.

5 Things Aspiring Founders Should Remember When Working With Venture Capitalists

An image of a yellow envelope with a red notice dot.

image credit: Carol Yepes (Opens in a new window) / Getty Images

There’s nothing like an experience, which is why we were excited to write a column written by Zach DeWitt, winner of the 2013 gaming-updates Meetup and Pitch-Off.

DeWitt, who became a venture capitalist after selling Drop, Inc. on Snapchat in 2016 shares five important lessons for aspiring founders who wander the woods in search of an investor who will be a “true partner”.

There is a natural power imbalance when you ask a stranger for money, but “VCs have to work to earn your trust,” writes DeWitt.

“In many ways, it’s like finding the right partner.”

(gaming-updates+ is our membership program that helps founders and startup teams grow. You can sign up here.)

Big Tech Inc.

  • Microsoft takes a closer look at process mining: What is process mining? don’t worry reporter Kyle Wiegers (who is finishing his first week with us) Tells you all about it. He also says that Microsoft’s latest acquisition of process mining company Mint “comes at a time when the broader, still cash-strapped business process automation industry is heading towards general consolidation.”
  • Intel is also involved in mergers and acquisitions.A: Last year, we saw that when the Israeli company Granulate received funding, it seemed that the network management space was showing some consolidation. Well, that was confirmed earlier today when Intel said it had acquired Granulate “to continue its operations in Israel and provide Intel customers with the ability to better manage traffic on Intel-based kits.”
  • New study sheds light on Viasat hack: The cyberattack that took out a US satellite provider in Europe was thought to be “probably the result of Russia’s destructive Viper malware,” we report. The identities of the hackers are still unknown.
  • strike that escalated into a possible lawsuit: Meta and its subcontractor Sama are in hiding in Kenya and are facing legal action over poor working conditions. Reporter Annie Nanja describes the allegations leveled against the companies by former Sama contractor Daniel Motang, who claims that contractors like him weren’t told what their job would be but ended up doing content moderation. graphic materials for a long time. , There was a time, but often they did not have time to recover or offer support when it became too much. She denies any wrongdoing.

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