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Under pressure from ‘banking partners and payout providers,’ OnlyFans bans explicit content – TechCrunch


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Hello and welcome to Daily Crunch for August 19, 2021. Today is an efficient day, with a number of attention-grabbing information, and even a scorching, contemporary e-newsletter from the TechCrunch group. More on that in a second. Before we begin, UiPath CEO Daniel Dines is coming to our October SaaS event. It’s going to be, as the youngsters say, lit. — Alex

The TechCrunch Top 3

  • OnlyFans to kick some adult content off its service: In a transfer that briefly broke Twitter and melted TechCrunch servers, well-known subscription content service OnlyFans is transferring away from its conventional content varietal. “OnlyFans did not respond to TechCrunch’s inquiries as to its definition of sexually explicit content or how it expected this would impact the company’s bottom line,” is an efficient abstract of the place this story is. Expect extra because it evolves.
  • Chicago puts points on the board for the Midwest: When COVID shook up the enterprise capital market final 12 months, one metropolis particularly noticed its fortunes change — for the higher. Since the second half of 2020, Chicago has seen big sums of cash pour into its native startups. We needed to higher perceive what occurred, and why.
  • Feedback divided on Facebook’s meeting VR app: Our personal Lucas Matney was modestly optimistic about Facebook’s new VR service that mimics a convention room. So that we will all take pleasure in that workplace vibe from dwelling. Some people famous that the tech could possibly be nice for folk who might need a more durable time bodily commuting. And a number of folks thought it seemed like a scorching mess on stilts and extra of a technique for Facebook to vary the narrative about its varied regulatory points than actually transfer the VR ball ahead.

Startups/VC

Do you like robots and need extra robotics in your life? Good information! We’ve shared Brian Heater’s robotic roundups right here on Daily Crunch for months now. But we received’t need to sooner or later, as a result of he’s rolling out a e-newsletter only for the topic. Friends, meet Actuator.

  • The Standard Oil of cannabis delivery: Eaze is shopping for Green Dragon, which is definitely fairly massive information within the hashish supply market. If you reside in part of the U.S., or the world, the place you can not get weed delivered to your home, weep. Civilization will attain you quickly sufficient. Perhaps through an Eaze courier.
  • Bird launches electric bike: Bird is busy going public through a SPAC — and it lately dropped its Q2 numbers, thoughts — however that’s not all of the scooter firm is as much as. It additionally constructed an electrical bike. Which is frankly cool, as we should always rip out a bunch of streets in world cities and change them with bike paths and inexperienced areas.
  • Global regulations as a service: That’s the gambit behind Regology, a startup that automates the method of understanding native legal guidelines the world ‘spherical. As corporations more and more go distant, and the web has made world commerce the norm, Regology could possibly be onto one thing. Also from this story, there really is a enterprise capital agency referred to as “Acme Capital.” Perhaps they put money into anvils, dynamite and different contra-Road-Runner products.
  • Launch House raises $3M to scale venture community: This one is somewhat bit difficult, so learn the story. But in essence: Launch House is constructing a class-based startup group in bodily and digital areas. And it simply put collectively seven figures of capital to pursue its imaginative and prescient.
  • Today’s Tiger Global round is Nacelle: What is Nacelle, and why did Tiger simply lead a $50 million Series B into the corporate? Nacelle is a headless commerce resolution. And Tiger simply backed it as a result of it’s a headless commerce resolution. If that is sensible.
  • Hitting the TechCrunch web site simply after we capped off the Daily Crunch draft yesterday, Ron Miller and I put together some notes on what Databricks may seem like at a $38 billion valuation. Enjoy!

Let’s make a deal: A crash course on company growth

Venrock Vice President Todd Graham has some frank recommendation for founders at venture-backed startups: “It would be wise to generate a return at some point.”

With that in thoughts, he authored a primer on company growth that lays out the three commonest classes of acquisitions, ideas for coping with bankers and explains why placing a partnership with an enormous firm isn’t all the time the easiest way ahead.

Regardless of the trail you select, “you need to take the meeting,” advises Graham.

“In the worst-case scenario, you’ll get a few new LinkedIn connections and you’re now a known quantity. The best-case scenario will be a second meeting.”

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

Big Tech Inc.

  • Twitter’s newsletter push is just getting started: Twitter is constructing out higher integrations between its Revue e-newsletter service and its foremost interface. This will not be a shock, however is welcome all the identical. Whether Twitter can turn into a fabric anti-Substack will not be but clear.
  • Facebook wants to eat TikTok’s lunch: Facebook is bringing its Reels product to the United States. So, should you want Facebook to personal your information as a substitute of a ByteDance subsidiary, right here’s your probability.
  • Congress wants to eat TikTok’s lunch: Speaking of ByteDance, TikTookay’s plans to gather biometric information of its person base will not be in style within the U.S. Congress. This will not be a shock. Especially as a result of the Chinese Communist Party takes a board seat in ByteDance’s key China-based firm.
  • GM wants to put 5G in your ride: From a completely orthogonal nook of the expertise universe, GM is working with U.S. telco AT&T to place 5G into vehicles. I don’t know exactly why we want this, or if there’s sufficient 5G juice actually on the market to even squeeze out a single glass of lemonade, however right here it’s all the identical.

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 development advertising and marketing practices. Fill out the survey here.

Read one of many testimonials we’ve acquired beneath!

Marketer: Nate Dame, Profound Strategy

Recommended by: Diana Tamblyn, Danaher

Testimonial: “[I] did a fairly extensive search for a content partner. [I] was impressed with their expertise, their references (I spoke to three) and their growth forecasting.”



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