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Hello and welcome to Daily Crunch for August 19, 2021. Today is an efficient day, with plenty of fascinating news, and even a sizzling, contemporary publication 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 children 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 yr, one metropolis particularly noticed its fortunes change — for the higher. Since the second half of 2020, Chicago has seen large sums of cash pour into its native startups. We wished to raised 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 get pleasure from that workplace vibe from dwelling. Some of us famous that the tech may very well be nice for people who may need a more durable time bodily commuting. And plenty of individuals thought it appeared like a sizzling mess on stilts and extra of a way for Facebook to alter the narrative about its varied regulatory points than actually transfer the VR ball ahead.
Do you like robots and need extra robotics in your life? Good news! We’ve shared Brian Heater’s robotic roundups right here on Daily Crunch for months now. But we gained’t should sooner or later, as a result of he’s rolling out a publication only for the topic. Friends, meet Actuator.
- The Standard Oil of cannabis delivery: Eaze is shopping for Green Dragon, which is definitely fairly massive news within the hashish supply market. If you reside in part of the U.S., or the world, the place you can’t 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 not too long ago 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 must always rip out a bunch of streets in international cities and substitute 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 firms more and more go distant, and the web has made international commerce the norm, Regology may very well be onto one thing. Also from this story, there truly 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 just a little bit sophisticated, so learn the story. But in essence: Launch House is constructing a class-based startup neighborhood 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 appear like at a $38 billion valuation. Enjoy!
Let’s make a deal: A crash course on company improvement
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 improvement that lays out the three commonest classes of acquisitions, suggestions for coping with bankers and explains why hanging a partnership with a giant firm isn’t all the time one of the simplest ways 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 publication service and its important interface. This is just not a shock, however is welcome all the identical. Whether Twitter can turn out to be a cloth anti-Substack is just not 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 knowledge 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 knowledge of its consumer base is just not widespread within the U.S. Congress. This is just not 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 technology universe, GM is working with U.S. telco AT&T to place 5G into cars. 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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