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Hello and welcome to Daily Crunch for September 27, 2021. Today’s TechCrunch news is fat news, so instead of scrambling it in the intro, we’re just going to dive into it! – Alexis
The Top 3 TechCrunch
- Say hello to TechCrunch +: TechCrunch’s Extra Crunch product is now called TechCrunch + for a multitude of very good reasons. This rebranding is something that has been in the works for a long time, and frankly, I’m pretty excited about it. Read more at the first link, or donate money to us here. (Support journalism!)
- Facebook pauses children’s Instagram: today other the big news comes from Facebook, a company that has been in the news lately. Now, after withering comments about its work to create an Instagram for kids, the company is taking a hiatus. He still thinks the product is a good idea, mind. He just wants to convince the market first. Let’s see how it goes.
- Coinbase makes betting on crypto easier: By allowing you to donate a portion of your salary to their service, TechCrunch reports. Snark evident aside from the more conservative investors among us, the move makes sense. It is common to put some of your income in investment accounts, perhaps in preparation for retirement. If you think Solana really is the future, why wouldn’t you want to invest a percentage of your income in this particular digital asset? As with my index funds, it’s just a number on a screen, after all.
Startups / VC
Before delving into today’s startup news, TechCrunch spent some time today discussing the issue of IPO pricing and how direct listings may improve price discovery for unicorns, and we’ve also incorporated the discussion of startup valuations on interest!
- Malloc wants to help you fight mobile spyware: Your cell phone can be the center of your life. A kind of planning-communication-games-dating device that also contains all your photos. And that’s not so sure, thanks to companies that put a little more emphasis on profits rather than privacy and even more nefarious actors. Malloc, backed by Y Combinator, and its Antistalker service are helping consumers fight back.
- EdSights raises $ 5 million to stop students from lingering: Of course, it might seem a bit far-fetched to think of students as income-generating assets that can fall apart, but they are, and they do. So here we are. Now, with 6x the revenue growth, the edtech service is up to the task and ready to grow.
- False Meat Bulletin: Two fake meat stories for you today, the first being that New Age Meats raised $ 25 million for their cultured meat products. Second: Beyond Meat Factory’s “chicken” offerings are hitting grocery stores. Nerds watching your weight, rejoice. (It can’t be just me, can it?)
- Astera Laba shows that there is capital in the market for chip startups: Even factory-less companies like Astera. The company just collected $ 50 million for a valuation of just under $ 1 billion. Startups, please continue to solve the chip shortage and thank you.
- Flat6Labs raises $ 10M for Tunisian startups: Speaking of startups, tech stores that have reached the Republic of Tunisia have a new seed fund to launch. More good news from Africa, it seems, at least in terms of access to capital. The continent has had a hot year when it comes to fundraising.
Creative capital is the secret sauce, not venture capital
Before a startup lands its first client or investor, its founders must invest time and energy to develop intellectual property.
In some cases, intellectual property can be as tangible as a patent, but strategic assets can also take the form of product visualizations, target audience data, or early product / engineering prototypes.
Brett Lovelady, founder of design firm Astro Studios, defines these design and development assets as “creative capital,” which “can ultimately last longer and potentially become more valuable” than venture capital.
In a guest post for TechCrunch +, he describes different types of creative capital and includes several examples of how startups can leverage it to be successful.
(TechCrunch + is our membership program, which helps startup founders and teams get ahead. You can register here.)
Big Tech Inc.
- YouTube TV, which now looks more like cable: I preface by admitting that I am a regular customer of YouTube TV. And I hate that it’s, like cable, stuck in an era of coverage blackouts if the football team you want to watch is in another part of the country. But now YouTube TV is bringing another cable innovation to its own service, which is content outages due to contract claims. NBC Universal may remove 14 channels from the YouTube product. NS. Progress.
- TikTok reaches 1 billion monthly active users: In case you’re curious whether TikTok is still cool or has been slowly flattened into another medium for Coca-Cola advertising and ads, here’s your answer.
- UK allows Facebook purchase of CRM maker Kustomer: A small entry here, but one that counts. The UK competition watchdog is cool with Facebook’s deal to buy the small CRM maker. Not all Big Tech corporate purchases are dying on the vine.
- Apple deploys the 3D view on LHR, LAX, JFK and SFO: Good news if you live in one of these four cities. Unfortunately for those of us who have backyards in places like Providence, we have to wait.
TechCrunch Experts: Growth Marketing
TechCrunch wants you to recommend growth marketers with expertise in SEO, social, content writing, and more! If you are a growth marketer, pass this survey on to your clients; we would like to know why they liked working with you.
If you’re curious about how these surveys shape our coverage, check out this interview we posted last week with Anna Heim and Ammo, “Australian growth marketing agency Ammo helps startups calibrate their efforts.