Monday, June 28, 2021

Daily Crunch - SpaceX announces tentative plans to launch first orbital flight next month

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Monday, June 28, 2021 • By Alex Wilhelm

Hello and welcome to Daily Crunch for Monday, June 28. How much time did you spend on your phone this weekend? Too much? Not a lot? According to recent data on consumer app spending, you probably spent a pretty fair amount. Consumer spending on apps hit a new record in the first half of the year, though the pace of growth is slowing.

Before we begin, Extra Crunch is on sale this week. Check it out here and support The Good Ship TechCrunch. — Alex

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Image Credits: SpaceX

The TechCrunch Top 3

  • Surgical robots are big business: News broke today that U.K.-based surgical robotics startup CMR has put together a $600 million round led by SoftBank's second Vision Fund and Ally Bridge Group. CMR is now worth $3 billion.
  • Etsy acquires Brazilian rival: Also out today was news that Etsy, the consumer crafts marketplace popular in the United States, purchased its Brazilian cognate for $217 million. The deal for Elo7 follows Etsy's recent purchase of Depop. It appears that Etsy views at least a good portion of its growth through an inorganic lens.
  • SpaceX wants to send Starship to (near) space: SpaceX's Starship is nearly going to space next month, the company reported. Yep, Starship, the thing you probably most remember for blowing up during trials, could be headed to orbit in July. Don't think that we're knocking SpaceX for having some failed trials. The company used to crash rocket stages in reentry all the time. Now it lands them on drone ships with regularity. In space tech, perhaps you have to blow up before you can properly take flight.

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Startups/VC

To kick off today, we're talking about Pittsburgh, a fascinating startup market that TechCrunch is visiting in short order:

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Startups/VC image

Moving to our regular fare, here's more from today's digest of startup happenings:

3 data strategies for selling to developers

Many consumers are open to a slick sales pitch, but software developers generally know better.

Successful dev-focused marketing efforts steer these users toward free tools, but unless you know exactly what data to look for and how to measure it, your efforts will have limited impact.

Software companies hoping to connect with developers should treat end users like the “go-to-market side of the team,” advises Sam Richard, senior director of growth at OpenView, which has invested in companies like Datadog, Expensify and Calendly.

For example: Instead of simply pulling analytics from your production database, what if your GTM team polled stakeholders who touch revenue about the data points they use to make decisions? If you assigned a product manager to address their needs, draft a roadmap and develop an MVP, how much could you learn?

“Don’t overthink it,” says Richard. “Selling to developers isn't impossible — it's just difficult.”

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

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Big Tech Inc.

TechCrunch Experts: Growth Marketing

TechCrunch is building a shortlist of the top growth marketers in tech. We'd love to hear who you've worked with, so fill out the survey here! Here's one of the many great recommendations we've received:

Name of marketer: Dipti Parmar

Name of recommender: Brody Dorland, co-founder, DivvyHQ

Recommendation: "She gave me an easy-to-implement plan to start with clear outcomes and timeline. She delivered it within one month and I was able to see the results in a couple of months. This encouraged me to hand over bigger parts of our content strategy and publishing to her."

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Friday, June 25, 2021

Daily Crunch - With Wickr purchase, AWS enters the encrypted messaging business

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Friday, June 25, 2021 • By Alex Wilhelm

Hello and welcome to Daily Crunch for June 25, 2021. We have a great block of startup news and Amazon coverage for you today. But before we get into all of that, a note that there are only two weeks left before our TechCrunch Early Stage 2021: Marketing & Fundraising event. It's going to rock, so check it out and get prepped. — Alex

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The TechCrunch Top 3

  • Amazon buys encrypted messaging service Wickr: If you thought it was strange that an e-commerce company runs the world's biggest public cloud service, it may feel even stranger that that same public cloud service just bought an encrypted messaging service. But in the platform era, tech companies want to do everything, so we should not be shocked. Amazon's cloud team intends to "continue operating Wickr as is and offer its services to AWS customers" starting now. In related news, Amazon and Google are taking whacks in the U.K. over fake reviews.
  • Virgin is a go: The American government has cleared Virgin Galactic for commercial spaceflight. The result of the news? Shares of the SPAC'd company rose by nearly 39% today. So, it's a liftoff moment for the company and its market cap.
  • Didi's confusing value: Closing out our Top 3 today, TechCrunch took a look at the Chinese ride-hailing giant's first IPO price range. We're curious why it looks and feels so cheap compared to its erstwhile rival, Uber.
The TechCrunch Top 3 image

Image Credits: Pedro Fiúza/NurPhoto / AP

Radio from space: How Maxar partners with SiriusXM

Sponsored by Maxar

Satellite radio is one of many technologies that is integral to our lives on Earth but enabled in space. As the leader in space manufacturing, Maxar builds the spacecraft SiriusXM needs to bring its service to listeners across the continent.

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Startups/VC

TechCrunch stretched its legs today, giving us a lot to discuss past the usual funding round roll call. Here's what you should read:

  • What's new in Deep Science: Behind the scenes of startup glitz and venture capital glamor is a bunch of scientific work, the stuff that powers the next generation of tech and the startups of tomorrow. Devin Coldewey has a digest of science work ranging from predicting liquid flow based on still images to AI systems faking confidence.
  • The rapidly evolving early-stage market: If you care about how and when and why early-stage startups raise capital, TechCrunch has lots for you this week. Here's a look at today's early-stage venture capital market in the U.S., and here's another focused on Latin America. More coming next week looking at what's afoot in Europe.

And, of course, a host of startups raised more money. Here are a few highlights to keep you up to date:

  • Mercuryo raises $7.5M for crypto-powered, cross-border payments: One key use of blockchain tech that was touted years ago was sending money around the world. Traditional banking is famously bad at this, leading to high fees and other issues. Mercuryo could be cracking the model and has crossed the $50 million ARR mark. Impressive.
  • Edge Delta raises $15M to take on data analysis giants: The startup's new Series A puts it into closer competition with Splunk, Datadog and other huge companies that sell cloud-based data monitoring services. The real story is somewhat technical, but happy we had Frederic Lardinois on hand to explain it to us.
  • Fintual raises $15M for Latin American retail investing: The Robinhood-led boom in retail investing that the United States has seen in recent years is increasingly becoming a global phenomenon. And Fintual wants to take a bite out of the trend in the Latin American market. The Chilean startup now has a Series A under its belt to power its fight against both regulation and incumbent players.

Musculoskeletal medical startups race to enter personalized health tech market

With more than 50 million Americans suffering from chronic pain and musculoskeletal (MSK) medical problems, a number of startups are offering patients new products “that don't resemble the cookie-cutter status quo,” reports Natasha Mascarenhas.

Startups hoping to enter this space have an uphill climb. Setting aside regulations that cover aspects like product packaging and marketing, they must compete with well-entrenched competition from Big Pharma as they try to partner with health insurance companies.

Natasha profiles three companies that are each taking a different approach to personalized health: Clear, Hinge Health and PeerWell.

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

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Image Credits: ChrisChrisW / Getty Images

Big Tech Inc.

From the world of Big Tech today we just have one more entry, as we covered Amazon's big news up above. Natasha Lomas reported today that "Microsoft-owned LinkedIn has committed to doing more to quickly purge illegal hate speech from its platform in the European Union by formally signing up to a self-regulatory initiative that seeks to tackle the issue through a voluntary Code of Conduct."

I wanted to raise this particular story because it somewhat underscores how internet regulation is shaping up around the world. You wouldn't see this story, say, in the United States, or at least not in the same format. And in China, for example, another key internet market, it would also have a very different flavor. To some degree it feels like we're dealing with three different — and increasingly distant — internets. Something for startups to chew on.

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Big Tech Inc. image

Image Credits: Ali Balikci / Getty Images

TechCrunch Experts: Growth Marketing

TechCrunch wants you to recommend growth marketers who have expertise in SEO, social, content writing and more! If you're a growth marketer, pass this survey along to your clients; we'd like to hear about why they loved working with you.

The results from this survey will help influence our editorial coverage of growth marketing. Today, we have a guest column on Extra Crunch from Mark Spera, "5 companies doing growth marketing right."

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Thursday, June 24, 2021

Daily Crunch - Google and Jio Platforms unveil 'extremely optimized Android' phone for Indian consumers

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Thursday, June 24, 2021 • By Alex Wilhelm

Hello and welcome to Daily Crunch for June 24, 2021. There's an ocean of tech news to get through today, but up top if you care about the advertising market, head here first. Google is pushing back cookiegeddon, and the decision could impact companies from the smallest startup to, well, Google. — Alex

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Image Credits: Jio Platforms

The TechCrunch Top 3

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Startups/VC

  • Doubling down on crypto: The a16z investing house is redoubling its bet in the crypto economy with a new $2.2 billion fund. And the venture capital firm is going to do more than just write checks: It intends to take part in crypto projects and even help clear regulatory brush for the sector. It's a big commitment.
  • Visa tries again: After Visa's deal to acquire fintech API provider Plaid died, you might have thought that the American payments giant would have thrown in the towel on big deals. Nope. Visa is dropping $2.15 billion to buy Tink, a company that TechCrunch described as "a leading fintech startup in Europe focused on open banking application programming interfaces," or APIs.
  • Don't trip about Tripp's (virtual) trips: Tripp, a startup that wants to provide mental-health services via VR that mimic psychedelic experiences sans drugs, has just raised $11 million. If that sounds far out, understand that some startups are flat-out working with psychedelic drugs for different therapeutic approaches to mental health. So, this is the less aggressive version of the idea. Because VR is pretty neat, we dig it.
  • The intersection of no-code, automation and humans: That's where Tonkean plays. The company's software helps ops teams at startups build automated business logic across applications, allowing data to flow between them. And it allows for humans to be in the loop, separating its offerings from what UiPath and other RPA companies offer. Oh, and Tonkean just closed a $50 million round.
  • The online video boom powers JW Player to $100M in new capital: While not quite yet a unicorn, JW Player's nine-figure round caught TechCrunch's attention. The company sells a video platform for publishers and others, and it had a good 2020. COVID led to a boom in video watching, so the company's recent growth is not a huge surprise. And now it has a tower of new capital to fuel even more expansion.

Reform your startup's meeting culture

Meetings should have a clear purpose, but at many startups, they’ve become a way to perform in front of a crowd instead of share information.

Workplace politics can make the matter even more complicated: How secure do you feel declining a meeting invitation from a co-worker, or worse yet, from a manager?

“Every time a recurring meeting is added to a calendar, a kitten dies,” says Chuck Phillips, co-founder of MeetWell. “Very few employees decline meetings, even when it's obvious that the meeting is going to be a doozy.”

Changing your meeting culture is difficult, but given that 26% of workers plan to look for a new job when the pandemic ends, startups need to do all they can to retain talent. Here are four actionable steps that will help you boost productivity and say goodbye to poorly run, lazily planned meetings.

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

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Reform your startup's meeting culture image

Image Credits: Carlo Prearo / EyeEm / Getty Images

Big Tech Inc.

Today was a big day for Microsoft, so we'll start there, yeah? Here are TechCrunch's notes from the day's Windows 11 event:

  • Android apps are coming to Windows: Via the Amazon store, but still. Microsoft's effort over time to make its operating system more open reached a new zenith today with the news that Windows 11 will support a host of Android apps. We want to play with it before we grade it, but the idea is super neat.
  • We hope you like Teams: Microsoft is all-in on Teams, so much so that it's getting the Windows treatment. TechCrunch reports that "Windows 11 will have Microsoft Teams built in, in a bid to compete more directly with communication platforms like Apple's FaceTime." Honestly, Teams is way better than Skype was, so that sounds fine. It does prickle our antitrust early warning system, however.
  • It'll be a Windows Christmas: Per Microsoft, Windows 11 should land later this year. In time for Christmas, it turns out. So if you are a gamer or a corporate drone or merely someone who prefers the Microsoft approach to computing, get hyped. The new build is coming your way, and quickly. If you can't wait, there are leaks out there. But don't install those on a computer with data you actually need.

Next up, a little from Google:

  • Google and Jio team up for a budget smartphone: The JioPhone Next, a low-cost Android smartphone, could help the next few hundred million folks in India get online with faster service if the telco and American tech giant have their way. Jio wants more mobile subscribers, and Google wants more internet users, period. Call it a match made in heaven, provided that the hardware is good.

And to close out, one for the Zoomers:

  • Ephemeral tunes? In today's TikTok world, having access to popular music is a must for social networks. So it's not a surprise to see Snap close a multiyear deal with Universal Music Group. Snapper, rejoice!

TechCrunch Experts: Growth Marketing

TechCrunch is building a shortlist of the top growth marketers in tech. If you're a founder, we'd love to hear who you've worked with. Fill out the survey here.

Here's one of the many excellent recommendations we've received:

Name of marketer: Dylan Max

Name of recommender: Kris Rudeegraap, Sendoso

Recommendation: "Dylan Max’s creativity is what sets him apart from 99% of those that practice growth marketing. One of his first campaigns went viral on LinkedIn. We ran a special campaign where we sent real cans of Spam to the best marketers and salespeople (our target demographic), with the idea that traditional spamming has become impersonal and we’re out to change that. Those that were nominated could “spam” other marketers or salespeople in their network, leading to a viral sensation that took over LinkedIn. We got a ton of business from it and our sales team still lists it as one of the most creative ways to leverage direct mail and gifting. Today it is still LinkedIn’s most viral grassroots campaign in the B2B space. Dylan is part of a rare breed of growth marketers, excelling in many different marketing channels including SEO, paid search, conversion rate optimization (CRO) and A/B testing. Dylan also spun up our first ever ABM campaign where we leveraged hypertargeted social media ads to earn seven-figure revenue on less than $20,000 of ad spend. I love his hackiness and he needs to be on this list."

TechCrunch Experts: Growth Marketing image

Image Credits: SEAN GLADWELL / Getty Images

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