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Hello and welcome to the Daily Crunch for January 5, 2021! Today we have a great mix of news for you. Mega tours? Really fuck. Electric trucks from American companies? Yes! Do you want Android to take on Windows? But sure. And some great articles on closures, LP transparency, and more.
But before doing that, every now and then I’ll highlight a behind-the-scenes TechCruncher that deserves some love. Today is Henry Pickavet, one of our editors and guides, someone I have known and worked with since my early twenties. He is perfect, apart from the sports teams he follows and the fact that he loves cricket. follow him on Twitter here If you are so inclined! –Alex
Top Tech Crunch 3
- Understanding OpenSea at $13 Billion: From rumor to report to confirmation, OpenSea’s $300 million funding round is quickly coming to an end. Now the NFT market is worth about $13 billion. So, TechCrunch did the obvious and asked if that number made sense. As it turns out, yes, but to what extent depends on the level of rise of the cryptocurrency,
- Android 🤝 Windows: While Apple has been busy defending its iOS park walls, Google and Microsoft have been busy paving roads between Android and Windows. First, Microsoft announced that some Android apps will eventually work on Windows. And now, there’s news that “Google is working with the likes of Intel, Acer, and HP for [connect] From your phone to your Windows PC.
- And here’s the *other* company that is now worth over $10 billion: It’s Miro! Yes, the online workspace company, like we said, is now worth about $17.5 billion after raising $400 million. The company claims to have 30 million users. The panel of competitors is also doing well, indicating that their market is somewhat deep in the era of remote work.
startup / VC
Some articles to get started with today’s startup download, I think. The first comes from our area Connie Louisus Dive into the “year of prison disappearance”. In short, Louisus notes that the traditional forced hold period after an IPO is being dismantled in hot public offerings. Not that this is a guarantee of future results – on the contrary, it seems – but it’s worth tracking the change back to what was previously a groundwork for an IPO and, frankly, a sign of confidence.
Speaking of IPOs, the wave of IPOs for 2020 and 2021 looks pretty monotonous today. TechCrunch has taken a look at the name struggles we’ve written about through the ages, the Roots and Metromiles of the World, as well as Oscar Health. Turns out it didn’t work well either.
Anna Heim Wrote a great piece about LP transparency. The idea that founders should care about where they Investors for their money is not new. But what’s new is the leverage the founders have over investors – the founder-investor power dynamic has flipped, leading more VCs to believe it’s time to open their own books a bit.
Now, more news!
- Pankaya goes offline to acquire clients: Finding new users is a global challenge for startups, one that leads to some interesting solutions. Mexican fintech Bankaya is taking a step IRL to take on the challenge, noting that the main advertising channels for its products are full of competitors chasing the same eyeballs.
- Are Cryptocurrency Investments Banned From Taxes? Startup Alto just raised $40 million for what TechCrunch reports is a “self-driving IRA platform.” [that] It provides a simpler and more affordable option for individuals to invest their retirement savings in “alternatives,” at least in theory. I dig it.
- The fractal turns into a unicorn with a new $360 million round: It turns out this company is 21 years old, so it’s not a startup per se. But it’s a private company that just collected nine numbers, so it hit our radar. The company’s analytics product does AI and analytics work for major companies.
- SoftBank is looking forward to a new Indian investment: Pune-based ElasticRun is in talks to close a $200 million or so round of SoftBank Vision 2 and Goldman Sachs, Manish Singh reports to TechCrunch. The startup helps neighborhood stores “secure a stock of top brands and working capital,” our report says.
- Meet a very cute dishwasher called Bob: From the trenches of CES, meet Bob. It’s an efficient, compact, countertop dishwasher unit, and, dare we say, great.
- To close our startup items, Xage raised $30 million to help critical infrastructure project. And that’s a good thing, given that a lot of the power lines and water facilities that depend on them are fairly old and beg to cheat the nation-state. (The name of the startup is pronounced vitriolAnd Ron Miller.)
4 trends that will define e-commerce in 2022
Data privacy has taken priority in the minds of online sellers, and for good reason: Regulators are paying attention, and iOS 14.5 allows users to turn off data tracking, with negative consequences for “Facebook ad targeting.”
With these and other factors in mind, Ben Barr, president and co-founder of e-commerce marketing platform Octane.ai, shared his predictions for 2022 with TechCrunch+:
- Personalization and zero-party data become critical.
- E-commerce includes 3 webs and NFTs, but what would that look like?
- Direct shopping has become mainstream.
- Slow but gradual improvement in the supply chain.
(TechCrunch+ is our membership program, which helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
We have a number of auto-related news below, but let’s start on your phone with Instagram. The social branch of the larger Meta Empire relives its chronological summary. Praises. Forcing users to put up with algorithmic timelines is weak, in my view, and something that shifts power away from users toward the ad technology gods that power social media platforms. I have re-subscribed to Instagram now that this has been fixed.
- Mortgage data analytics firm reaches settlement with FTC over data breach: Back in 2019, TechCrunch reported that “OpticsML, a New York-based vendor working for Ascension, left a database of highly sensitive financial data exposed online without a password.” Now two years after that report, the results!
- General Motors promises a large number of electric vehicles: If you want an electric Equinox or Blazer, GM will hook you up in 2023. It claims. And the company is building an electric Silverado truck, a little late to the table given the number of announcements Ford has already made. But the mold is really being thrown here regarding the future of rolling stock, no matter who is currently driving them. They are going electric. And quickly.
- And GM wants to get self-driving cars on the road: The company said by the middle of the decade. I’m a little skeptical of any timeline that is provided for self-driving vehicles, but at some point it will work – right? – It will be a good day. Let’s hope these latest predictions come out in time.
Tech Crunch Experts
TechCrunch wants you to recommend growth marketers with experience in SEO, social, content writing and more! If you are a growth marketer, pass this survey along to your clients; We’d love to hear about why they would love to work with you.
If you’re curious about how these surveys shape our coverage, check out this article on TechCrunch+ from Ben Parr: “4 trends that will define ecommerce in 2022.”