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Hello and welcome to Daily Crunch for October 1, 2021! What a week, all of you. With the third quarter of 2021 now behind us, it’s time to prepare for earnings season, new VC data drops, and what we look forward to: pray? – is one more IPO cycle before the end of the year. And since the Christmas season starts in about a month and a half, there is no that There is a lot of time left. So be sure to read your friendly neighborhood TechCrunch. We have you covered. – Alex
TechCrunch’s Top 3
- Nigeria can unblock Twitter: After failing Twitter across the country, the Nigerian government can unblock social service if it meets certain conditions. Some have been agreed. Others seem less secure, like Twitter building an office in the country. We’ll see, but the Nigerian dispute with Twitter matters, as we’ve seen other nation-states shut down the service to varying degrees; China fully does so, for example, while India has leaned toward the side of bullying influence. In other Twitter news, the company has a service for professionals who come out of the closet.
- Startups Find Money Outside Risk Circles: TechCrunch spends a great deal of time tracking financial flows between startups and their business backers. But not all of the dollars and yen that flow into startups come from the sale of stocks. And the methods by which startups can raise alternative funds are increasingly mature. This is good news for tech startups around the world. (More on the rate at which capital flows within startups here.)
- Oyo files to be made public: Perhaps the fourth quarter IPO cycle is, as they say, on? Oyo is at least jumping into the mix with a public offering that could raise more than $ 1 billion. TechCrunch dives into the presentation at the link; Remember that Oyo is a SoftBank backed company that had some growth issues in recent years.
Startups / VC
- Megabucks for ghost kitchens: That’s a new phrase, I think. Regardless, today’s news is that All Day Kitchens, which operates a ghost kitchen network for smaller restaurants to take advantage of in preparation for delivery, has raised a round of $ 65 million. Precisely because risk Capital is the right choice here is somewhat opaque, but the new capital brings All Day Kitchens’ historic fundraiser to more than $ 100 million, a sum that is impressive for the food space.
- Smaller bills to connect influence: It appears that the influencer economy is still going strong, with new evidence arriving today in the form of a $ 1.67 million round raised by ProductWind. The startup “aims to connect brands with influencers with a single click,” reports TechCrunch.
- DAO, utopian thinking and you: The DAO space, or the decentralized autonomous organization market, is all the rage because it’s something that tech people are thinking about and talking about. And it turns out that funding, as Utopia Labs has raised $ 1.5 million for its infrastructure work for DAO. DAOs are a hybrid of capitalism and democracy, implying a future in which the two are in greater harmony. Hence “utopia” in the name. You will not find sarcasm about utopia in this newsletter, or its aspirations. As Oscar Wilde said, “A map of the world that does not include utopia is not worth even looking at.“
- LeadIQ just landed a $ 30 million round for their sales software: LeadIQ helps save sales reps time by handling part of their red entry, freeing up those people for more creative work. And the startup has plans to better pool data from sales and marketing teams, which its CEO believes could help boost sales figures.
- From the TechCrunch + side, we have Disrupt pieces covering our talk with Reid Hoffman on blitzscaling, how startups can spend their newly raised capital (and what the hiring market is doing to waste!), And how to scale. The science.
Ben Rubin explains why the Web3 era of social media will help everyone get paid
Web3 is still taking shape, so it is difficult to define.
At TechCrunch Disrupt, Houseparty founder Ben Rubin emphasized decentralization as the core feature of Web3. In today’s Web 2.0, people give money and personal data to network operators in exchange for access to information.
“In Web3 there is a possibility, without saying that it will happen 100%, but there is a possibility that the network owns the network,” said Rubin. “And that’s, I think, the simplest way, the shortest way that I can explain it.”
In conversation with reporter Taylor Hatmaker, Rubin said that NFTs show that people can benefit from Web3 adoption, while decentralized finance and cryptocurrency trading are more commercialized forms.
“It’s not going to be perfect, but it will be a better incentive lineup than we have now. And that will create competition in the alignment of incentives with its users, ”said Rubin.
(TechCrunch + is our membership program, helping founders and startup teams get ahead. You can sign up here.)
Big Tech Inc.
- Blue Origin is a mess: It’s never a good week when your rocket company beaten with accusations of sexism (very bad) and unsafe technology (also very bad). And yet, that’s where Jeff Bezos’ Blue Origin sits. The company is now in damage control mode. And we assume, rocket mode QA.
- For you Apple-heads, a bug in iOS 15 that was messing with unlocking the watch is set to get a fix.
- Tech companies are lining up behind a stricter EU disinformation code: According to TechCrunch reports, Clubhouse and Vimeo are among a list of technology companies that “are preparing to subscribe to an enhanced version of the European Union Code of Practice on Online Disinformation.” Be unable.
- Finally, the Zoom-Five9 deal is dead: Why did it fail? Various reasons, possibly including too low a bid price, sliding stock prices after the deal, and antitrust and security concerns. Other than that, the transaction was great.
TechCrunch Experts: Growth Marketing
TechCrunch wants you to refer growth marketers with experience in SEO, social media, content writing, and more! If you are a growth marketer, skip this poll together with their clients; we’d like to know why they loved working with you.
If you’re curious about how these polls are shaping our coverage, check out this interview with Anna Heim and Tuff: “Growth marketing is no magic trick, says Ellen Jantsch of Tuff.”