Daily Crunch - Jeff Bezos and 3 guests share Blue Origin's first crewed flight

TechCrunch Newsletter
TechCrunch logo
The Daily Crunch logo

Tuesday, July 20, 2021 By Alex Wilhelm

Hello and welcome to Daily Crunch for July 20, 2021. The markets have been active in the last few days, with stocks dropping yesterday before rebounding today. Cryptos have also been suffering from ups and downs. A bit like Jeff Bezos, though his were planned. More on that in a second. — Alex

 image

Image Credits: Joe Raedle / Getty Images

The TechCrunch Top 3

  • Bezos blasts off: The billionaire space race reached its second stage today, as Amazon founder Jeff Bezos left the planet for a few minutes. There was a livestream, though the Blue Origin space company was a bit more salesy than I was comfortable with. Regardless, the humans went up and came down, and the rocket and everyone aboard survived. The crew was pretty stoked about it all.
  • European startups are thriving: Of all the startup markets in the world, Europe’s is among the very hottest. And according to venture capitalists that TechCrunch spoke with, the pace of investing activity on the continent is not set to slow much in the back half of 2021. This year will set all-time records in the European startup market for capital raised.
  • Square builds a business bank: What has lots of small-biz customers and big fintech aspirations? Well, a lot of tech companies, but also Square. The company has put together a business bank for its business customers. How long until Square is simply a bank for individuals and companies alike? A good rule of thumb for fintech: No matter where a startup starts in financial technology, it will end up doing all things. Or die trying.

Pick your fav IT Superhero!

Sponsored by Connection

Connection wants to know who’s the unsung IT Superhero you just can't live without. Nominate your IT Superhero and the winners will be announced on 9/23. All nominations must be in by Aug. 10th

Read More

Startups/VC

Holy heck there were a lot of funding rounds announced today. TechCrunch covered a huge chunk of the total, so many that we can’t get to them all here. But after checking in on China, we have your speed-read all the same. Let’s go!

  • All about the Chinese startup scene: Are you a little behind on China’s technology regulatory crackdown? Don’t worry if so. Our own Rita Liao is on the case and has a brilliant roundup of what’s going on with Didi and other China-based companies that went public on the U.S. market. The gist is that data may not be the new oil, as some liked to say a few years back, but data is proving to be a geopolitical flashpoint. As it turns out, the Europeans were early on this one.

Now, the venture capital rundown, in brief format to allow for the inclusion of more items:

  • Taking on counterfeit drugs in Africa: That’s what RxAll is doing, and it has landed $3.15 million to pursue its vision. Launched in 2016, the company wants to combat fake drugs and the health problems that they cause.
  • Charging consolidation: TechCrunch covered the deal between ChargePoint and the frustratingly punctuated has·to·be, in which the first company spent $295 million to buy the latter. Our read is the deal will allow ChargePoint “a boost in its pursuit to gain market share beyond North America” in the EV charging market.
  • Titan raises $58M to bring active wealth management to the masses: If Robinhood did a good job making retail investing open to the masses by cutting fees to zero, Titan wants to pull a similar trick with the active-management world of wealth management. The company raised a $12.5 million Series A earlier this year.
  • $44M for Little Spoon’s baby food mission: Feeding children is a daily challenge. Finding good things for them to eat that they will actually consume is even harder. Little Spoon wants to solve the matter by helping parents of young kids subscribe to D2C baby foods while also selling vitamins and the like.
  • Path Robotics raises (again): The Ohio-based Path Robotics is back at the fundraising well this week, picking up a $100 million Series C. The round 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 together a $280 million round of funding (debt and equity) to grow its business of buying future software revenues for present-day cash. It’s a big market that Pipe also plays in.

To close out our startup and venture capital news, some updates on venture capitalists that want to fund startups:

  • Hyper’s $60M concept: Part venture firm, part venture-funded media group, the Product Hunt sister company is looking to put capital and connections to work. TechCrunch’s Matthew Panzarino has the details.
  • New Boston funds: Pillar VC has raised new capital in two chunks, including $169 million for its Pillar III capital pool and a $23 million second fund. The VC firm intends to invest broadly, including into SaaS, hardware and other categories. The investing group is perhaps best known for buying common stock in companies it backs.

For the operators out there, TechCrunch has a chat with Maya Moufarek, the founder of Marketing Cube, who spent more than 15 years working for companies like Google and American Express before launching her own growth consultancy about startup marketing. Enjoy!

How we built an AI unicorn in 6 years

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

Today, Tractable is known for developing tech that allows drivers to upload photos of their vehicles after a collision so its AI can assess the damage. Its first paying customer, however, used Tractable to inspect plastic pipe welds.

As fate would have it, that customer also fired them just as the founders were raising their first round.

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

In an Extra Crunch guest post, he shares several takeaways from the last six years spent scaling a unicorn that have value 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 teams get ahead. You can sign up here.)

Read More

How we built an AI unicorn in 6 years image

Image Credits: Lucas Knappe/EyeEm / Getty Images

Big Tech Inc.

  • Facebook is really doing the newsletter thing: The newsletter push is not slowing down, with Facebook’s Bulletin service bringing on 31 new writers. That’s a pretty big haul. Of course, Facebook is using the service as a way to drive Facebook Pay usage, among other goals. But as a writer, seeing major companies argue over my professional cohort is certainly a turn of the tables.
  • Venmo admits that its default-public feed was bad: Ah, the public Venmo activity feed. It never made sense, but Venmo stuck to it through thick and thin until now. Now you will merely see a more friend-focused feed. Progress!
  • YouTube embraces tips: Want to tip a YouTube creator for their work? You will be able to thanks to a new feature on the social video service called Super Thanks. It’s a one-time tip of between $2 and $50. Hopefully this helps musical groups that use the platform for distribution.

TechCrunch Experts: Growth Marketing

We’re reaching out to startup founders to tell us who they turn to when they want the most up-to-date growth marketing practices. Fill out the survey here.

Read one of the testimonials we’ve received below!

Marketer: Illia Termeno, founder of Extrabrains

Recommended by: Anonymous

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

TechCrunch Experts: Growth Marketing image

Image Credits: SEAN GLADWELL / Getty Images

Tomorrow! XTC Global Finals. The No. 1 purpose-driven startup event. Free registration

XTC Global Finals is the world’s largest startup ecosystem for powering a better world via purpose-driven innovation and technology, inspired by the UN Sustainable Development Goals. It’s free to attend. Sign up today and join the show tomorrow starting at 9 a.m. PDT!

Read More

Tomorrow! XTC Global Finals. The No. 1 purpose-driven startup event. Free registration image

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.

Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2021 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103

Older messages

Founders: How well do you really understand seed-stage financing?

Tuesday, July 20, 2021

Extra Crunch Newsletter Extra Crunch logo Extra Crunch Roundup logo Tuesday, July 20, 2021 • By Walter Thompson Welcome to Extra Crunch Tuesday Image Credits: Aerial Perspective Images / Getty Images A

[Thursday] XTC Global Finals Start at 9am PT

Tuesday, July 20, 2021

The World's Largest Purpose-Driven Startup Competition Header Image: XTC Global Finals on July 22 Powering the Future Through Transformative Tech Get ready for a startup throwdown of global

Daily Crunch - In all-stock transaction, Zoom to purchase Five9 for $14.7 billion

Monday, July 19, 2021

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Monday, July 19, 2021 • By Alex Wilhelm Hello and welcome to Daily Crunch for July 19, 2021. In the old days, venture capital had seasons.

Max Q - Space is getting just lousy with billionaires

Monday, July 19, 2021

TechCrunch Newsletter TechCrunch logo Max Q logo Monday, July 19, 2021 • By Darrell Etherington Richard Branson's trip to space was the big story last week, but that's old news now. Move on

[Next Week] How Machine Learning is Shaping The Future of Data Apps

Monday, July 19, 2021

with Snowflake, July 27, 9am PT Hi there, Ideally every app is created to be an intelligent app that provides users with personalized experiences, but not every product organization can meet the

SpaceX's launch tower 🚀, TikTok Live 📱, oldest animal fossil 🪨

Thursday, July 29, 2021

SpaceX plans to use a giant tower with arms to catch its rockets. TLDR Daily Update 2021-07-29 Skiff is end-to-end encryption for your work (Sponsor) Keep your documents private with Skiff. Skiff is an

[ DuckDuckGo Privacy Weekly ] For Jul 29, 2021

Thursday, July 29, 2021

Inside the Industry That Unmasks People at Scale [vice.com] "Anyone who has a phone and has installed an app that has ads, currently is at risk of being de-anonymized via unscrupulous companies.

Mid-Level Laravel Roadmap, Challenge and 30+ Articles

Thursday, July 29, 2021

Hey hey, Wow, this newsletter is so packed with stuff, I don't really know how you find the time to read/watch all the interesting things. So, without any intro, let's dive in! From my Youtube

[PythonistaCafe] Why PythonistaCafe exists

Thursday, July 29, 2021

Hey there, In one of my last emails I talked about how some online communities in the tech space devolve over time and turn into cesspools of negativity. This relates directly to how and why I started

A quick question...

Thursday, July 29, 2021

Hello there, I was hoping you could spare 15 seconds of your time and let me know why you decided to cancel your Real Python membership? Feel free to just hit reply and fire away. Thanks in advance! —

Slack isn't the best chat software for Linux, macOS, Windows

Thursday, July 29, 2021

Data breach costs hit record high; Delta variant is impacting office reentry plans Subscription | Read Online | Twitter Facebook LinkedIn Top Story of the Day July 28, 2021 Top Story of the Day The

Windows 96 — IPv4 pricing — and Capitol Hill's mystery soda machine

Wednesday, July 28, 2021

Issue #478 — Top 20 stories of July 29, 2021 Issue #478 — July 29, 2021 You receive this email because you are subscribed to Hacker News Digest. You can open it in the browser if you prefer. 1 Windows

Daily Crunch - $150M Series D vaults search-as-a-service provider Algolia to $2.25B valuation

Wednesday, July 28, 2021

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Wednesday, July 28, 2021 • By Alex Wilhelm Hello and welcome to Daily Crunch for July 28, 2021. What a day. Duolingo went public. Algolia

JSK Weekly - July 28, 2021

Wednesday, July 28, 2021

July is on its way out, officially taking us into the second part of 2021. If you're interested in testing whether any characteristics of your application have changed, check out "Snapshot

JSK Daily for Jul 28, 2021

Wednesday, July 28, 2021

JSK Daily for Jul 28, 2021 View this email in your browser A community curated daily e-mail of JavaScript news Using BLoC Pattern with React Initially, the Business Logic Component (BLoC) pattern was