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Hello and welcome to Daily Crunch for September 24, 2021. Waiting, everyone? It was more than a busy week, but the TechCrunch team keeps moving forward, covering the startup world just for you. If you need to catch up on who won Battlefield this year, the Equity podcast team has you covered. And with that, let’s get started! – Alex
TechCrunch’s Top 3
- China bans cryptocurrencies (again): If you have paid attention to the broader world of cryptocurrencies, you are familiar with bad news from China. In recent years, the country has put an increasingly wet blanket in place in the international crypto economy. More of the same from China today was enough to reduce the value of major cryptocurrencies, which is not a good note to end the week if you were Coinbase or Robinhood.
- SoftBank triples in Latin America: The battle to build the next big tech company is a global junk, and few regions are as hot as Latin America. One reason LatAm has done so well in recent quarters has been the large influx of capital from SoftBank. And as we learned this week, the Japanese telecommunications company and startup mega-investors has billions more going to Latin American startups.
- This is a good time to start: Looking back at some disruptive panels on alternative fundraising, going public, and more, TechCrunch took a look at the current startup economy. With more ways for startups to raise capital than ever before, the need to raise venture capital could be on the decline for certain types of startups, even as global venture capital totals skyrocket.
Startups / VC
- Will Consumers Say “No” to Noops? Well, the plant-based pudding company Noops certainly hopes not. He just raised $ 2 million after raising $ 2 million just a few months ago. The market for old milk is big. Maybe oat milk puddings will become the next oat milk? Lerer Hippeau provided the new capital.
- Say hello to OpsObs: Avenue believes “trading observability” will be a hot ticket, and after launching its product last week, the startup announced that it had raised $ 4 million. According to TechCrunch reports, Avenue’s goal is to “give operations their own tools to monitor equipment” through a sort of “command center.” As someone who has never seen a graph in a user interface that they did not want to read, I guess this will quickly turn into a trillion dollar business.
- Ukio Raises $ 9 Million for Longer Stay Rentals: One thing Airbnb noticed during the pandemic was that while short stays were taking a hit, long-term rentals rose in popularity. Ukio is a startup-sized bet on observation, offering units with rental schemes with terms of a month or more. So, do you want to go to work in Spain for a month? Ukio could have the ideal place for you.
How Ryan Reynolds Has Mastered Authentic Marketing
Most people know Ryan Reynolds from his movies, but he also owns a majority stake in Mint Mobile, a mobile virtual network operator, which has grown more than 50,000% in the last three years. He also invested in Aviation Gin before selling it for a staggering $ 600 million last year.
He is also the founder of Maximum Effort, the marketing company that promotes the “Deadpool” franchise, Aviation Gin, Mint Mobile and that viral Match.com. announcement with Satan and the year 2020 like a match made in hell.
He spoke with Jordan Crook about how startups can adapt their “fast vertification” concept to use real-time cultural moments as a springboard to build their own brand, among other things.
“When we lead creatively and we have an idea or something inspires us, we get quite aggressive with our emotion and we try to do something contagious around it,” Reynolds said.
(Extra Crunch is our membership program, helping founders and startup teams get ahead. You can sign up here.)
Big Tech Inc.
- The United States distributes $ 1.2 billion for unattended Internet connectivity: Are you tired of all the bad news in the world? We also. On well News, the US regulator responsible for national Internet connectivity, is deploying large funds to help school districts get more children online. It’s difficult to do homework or participate in a remote school without a connection, and not all children have one. More money will also come, reports TechCrunch.
- Will the UK fund its ambitious AI strategy? The UK government wants the island nation to be a world leader in AI. Fair enough. But doubts remain about how much it will cost and whether the government itself is going to provide the necessary funds. To be a leader in the global AI race, one simply has to beat China, the United States, and the EU for supremacy. Let’s see what Boris has planned.
- Amazon brings Prime Video Channels to India: Indian Amazon customers can now subscribe to eight different digital channels in their country, including “Discovery + [for] $ 4 per year, Mubi $ 27, Hoichoi $ 8.2, DocuBay $ 6.8, ErosNow $ 4, Lionsgate Play $ 9.5, manoramaMax $ 9.5 and ShortsTV $ 4, ”reports TechCrunch. Amazon’s digital media ambitions seem undaunted, so expect more on this in the coming quarters from both the Indian market and beyond.
And to close us, Chris Pratt is apparently taking on the voice role of the famous digital character Mario in an upcoming movie. We don’t understand it either.
TechCrunch Experts: Growth Marketing
TechCrunch wants to help startups find the right expert for their needs. To do this, we are creating a short list of the top growth marketers. We’ve received great recommendations for growth marketers in the startup industry since we launched our survey.
We are excited to read more responses as they come in! Complete the survey here.