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Jeff Bezos and 3 guests share Blue Origin’s first crewed flight – TechCrunch


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Hello and welcome to Daily Crunch for July 20, 2021. The markets have been lively in the previous couple of days, with shares dropping yesterday earlier than rebounding right now. Cryptos have additionally been affected by ups and downs. A bit like Jeff Bezos, although his have been deliberate. More on that in a second. — Alex

The TechCrunch Top 3

  • Bezos blasts off: The billionaire house race reached its second stage right now, as Amazon founder Jeff Bezos left the planet for a couple of minutes. There was a livestream, although the Blue Origin house firm was a bit extra salesy than I used to be snug with. Regardless, the people went up and got here down, and the rocket and everybody aboard survived. The crew was pretty stoked about it all.
  • European startups are thriving: Of all of the startup markets on the planet, Europe’s is among the many very hottest. And in accordance with enterprise capitalists that TechCrunch spoke with, the tempo of investing exercise on the continent shouldn’t be set to gradual a lot within the again half of 2021. This yr will set all-time information within the European startup marketplace for capital raised.
  • Square builds a business bank: What has a lot of small-biz clients and massive fintech aspirations? Well, numerous tech corporations, but additionally Square. The firm has put collectively a enterprise financial institution for its enterprise clients. How lengthy till Square is solely a financial institution for people and corporations alike? rule of thumb for fintech: No matter the place a startup begins in monetary expertise, it would find yourself doing all issues. Or die attempting.

Startups/VC

Holy heck there have been numerous funding rounds introduced right now. TechCrunch coated an enormous chunk of the whole, so many who we are able to’t get to all of them right here. But after checking in on China, we’ve got your speed-read all the identical. Let’s go!

  • All about the Chinese startup scene: Are you a bit behind on China’s expertise regulatory crackdown? Don’t fear in that case. Our personal Rita Liao is on the case and has a superb roundup of what’s occurring with Didi and different China-based corporations that went public on the U.S. market. The gist is that knowledge will not be the brand new oil, as some appreciated to say just a few years again, however knowledge is proving to be a geopolitical flashpoint. As it seems, the Europeans have been early on this one.

Now, the enterprise capital rundown, briefly format to permit for the inclusion of extra objects:

  • Taking on counterfeit drugs in Africa: That’s what RxAll is doing, and it has landed $3.15 million to pursue its imaginative and prescient. Launched in 2016, the corporate needs to fight pretend medicine and the well being issues that they trigger.
  • Charging consolidation: TechCrunch coated the deal between ChargePoint and the frustratingly punctuated has·to·be, during which the first firm spent $295 million to purchase the latter. Our learn is the deal will permit ChargePoint “a boost in its pursuit to gain market share beyond North America” within the EV charging market.
  • Titan raises $58M to bring active wealth management to the masses: If Robinhood did a great job making retail investing open to the plenty by chopping charges to zero, Titan needs to drag the same trick with the active-management world of wealth administration. The firm raised a $12.5 million Series A earlier this yr.
  • $44M for Little Spoon’s baby food mission: Feeding kids is a each day problem. Finding good issues for them to eat that they may truly eat is even tougher. Little Spoon needs to resolve the matter by serving to mother and father of younger children subscribe to D2C child meals whereas additionally promoting nutritional vitamins and the like.
  • Path Robotics raises (again): The Ohio-based Path Robotics is again on the fundraising effectively this week, choosing up a $100 million Series C. The spherical comes after the startup raised a $56 million Series B in May. What does it do? Welding robots!
  • More money raised to buy SaaS revenue: Capchase has put collectively a $280 million spherical of funding (debt and fairness) to develop its enterprise of shopping for future software program revenues for present-day money. It’s a giant market that Pipe additionally performs in.

To shut out our startup and enterprise capital information, some updates on enterprise capitalists that wish to fund startups:

  • Hyper’s $60M concept: Part enterprise agency, half venture-funded media group, the Product Hunt sister firm is seeking to put capital and connections to work. TechCrunch’s Matthew Panzarino has the small print.
  • New Boston funds: Pillar VC has raised new capital in two chunks, together with $169 million for its Pillar III capital pool and a $23 million second fund. The VC agency intends to speculate broadly, together with into SaaS, {hardware} and different classes. The investing group is probably greatest identified for purchasing frequent inventory in corporations it backs.

For the operators on the market, TechCrunch has a chat with Maya Moufarek, the founding father of Marketing Cube, who spent greater than 15 years working for corporations like Google and American Express earlier than launching her personal progress consultancy about startup advertising and marketing. Enjoy!

How we constructed an AI unicorn in 6 years

Few startups go to market with the precise product their founders first envisioned.

Today, Tractable is thought for growing tech that permits drivers to add pictures of their automobiles after a collision so its AI can assess the harm. Its first paying buyer, nevertheless, used Tractable to examine plastic pipe welds.

As destiny would have it, that buyer additionally fired them simply because the founders have been elevating their first spherical.

“We struck gold with car insurance,” says co-founder Alex Dalyac, because it was “a huge and inefficient market in desperate need of modernization.”

In an Extra Crunch visitor submit, he shares a number of takeaways from the final six years spent scaling a unicorn which have worth founders of all stripes. Step one?

“Search for complementary co-founders who will become your best friends,” advises Dalyac.

(Extra Crunch is our membership program, which helps founders and startup groups get forward. You can sign up here.)

Big Tech Inc.

  • Facebook is really doing the newsletter thing: The e-newsletter push shouldn’t be slowing down, with Facebook’s Bulletin service bringing on 31 new writers. That’s a reasonably large haul. Of course, Facebook is utilizing the service as a strategy to drive Facebook Pay utilization, amongst different objectives. But as a author, seeing main corporations argue over my skilled cohort is actually a flip of the tables.
  • Venmo admits that its default-public feed was bad: Ah, the general public Venmo exercise feed. It by no means made sense, however Venmo caught to it via thick and skinny till now. Now you’ll merely see a extra friend-focused feed. Progress!
  • YouTube embraces tips: Want to tip a YouTube creator for his or her work? You will be capable to due to a brand new characteristic on the social video service known as Super Thanks. It’s a one-time tip of between $2 and $50. Hopefully this helps musical teams that use the platform for distribution.

TechCrunch Experts: Growth Marketing

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We’re reaching out to startup founders to inform us who they flip to when they need probably the most up-to-date progress advertising and marketing practices. Fill out the survey here.

Read one of many testimonials we’ve obtained under!

Marketer: Illia Termeno, founding father of Extrabrains

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Testimonial: “T-shaped expertise with focus on strategy and long-term ROI.”

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