Daily Crunch: What happened during Apple's 2021 virtual fall event?
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Welcome to Daily Crunch, September 14th 2021. We all had a great time trying to determine if we needed a new phone. The answer is yes. Answer? This stuff is our favorite.
TechCrunch’s Disrupt will be in one week. So that your humble servant can appear a little less tired, he will be going on a shopping spree later in the afternoon. Jordan, of course , will be looking amazing on the Disrupt desk. We hope to see you at the Disrupt Desk! Alex
TechCrunch Top 3
- Apple gives up control of its new hardware. It’s almost like the world has stopped when Apple holds an event. It’s up to you whether that is still the case, but it is fact. For those who want to get meta, here’s a summary of iPhone news. Apple Watch news. iPad updates. A general roundup . Enjoy!
- Atlanta is booming: TechCrunch continues its tour through the U.S. today, after visiting Chicago as well as Boston over recent weeks. We also explored Atlanta’s growing startup scene. Record capital inflows are being recorded. To get the most recent information, we spoke to investors and founders. Remember that Atlanta has just completed decacorn exit.
- Canva has just raised $200m at a valuation of $40 billion. The Australian software firm for design has raised two bills at 0.5% of its equity. This is a steal for twice the cost. Canva is worth so much. It is a huge company, as its notes on revenue growth reveal.
TechCrunch did an investigation into the global value of BNPL startups through some acquisitions. It was my work. If you like it, read it.
- It is important to note that Tonal has just revealed live classes for its service. Tonal competes in the hardware-and-software market against Peloton and other players. It’s not surprising that the startups are more adept at fusing hardware with software than Apple, who mainly bundles services in its products. Good news, Tonal users.
- Closes to $100M: If you’re hot, Brian Heater says, then you’re hot. Splitgate’s hit title is warm, and 1047 of its games are more than just warm. It’s so hot that the third round was just completed since May. Splitgate: A FPS with portals. This sounds amazing.
- Grammarly offers developers the opportunity: Grammarly has a reputation as a tool that people use to improve their writing. What if Grammarly technology could be integrated into your product? Now you can. Just recently, the company announced a new developer product. I am a finance geek and wonder if this new line of business will be lucrative or if it will allow the company to file an S-1.
- EverAfter raises $13M to show that HRtech remains hot. Our own reporting shows that EverAfter built an “no-code customer interface tool” that simplifies onboarding. This is a version of Sora which TechCrunch also wrote about. Signal is a few rounds that focus on the same area.
- The Tiger Round today is Indonesian fintech company Xendit. Thanks to the $150 million Tiger check, Xendit has become a unicorn. We estimate that Tiger’s managing partners tip $150 million every time they go out to dinner. They know this number! The fintech company based in Jakarta, with payments as its focus, has large expansion plans and is well-financed.
Are Chinese venture funds so harmful?
Is it possible for founders to be too naive when working with Chinese investors in fundraising?
Asia Business Development Manager at Runa Capital Denis Kalinin analyzed data from iTjuzi (a Chinese database of venture capitalists) and discovered:
Crunchbase reported that Chinese funds had invested approximately $250 billion in 2020. This figure is three times greater than Crunchbase’s. These figures show that Chinese VC investments are only 30% less than those made by U.S funds. However, they have three times the amount of U.K funds and 12.5x more than German funds.
Many Chinese venture funds were forced to cut their international investment due to the pandemic and geopolitical tensions. However, this is largely because China’s economy recovered faster during COVID than any other country, writes Kalinin.
He covers many angles in his analysis: Chinese investments are now catching up to those in Asia, the United States and Europe. Half of China’s most prominent cross-border investors in China are CVCs. Investors are especially interested in digital health, fintech and deep tech at the moment.
Chinese investors are able to bring value to startups abroad, but it is important to learn from their experience and see how they can help you.
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Big Tech Inc.
We’ll start with the basics of Big Tech news. Here is an update from U.S. government: “Biden’s new FTC nominee, a digital privacy advocate critical to Big Tech,” It turns out. This matters.
- LinkedIn promises $25M to creators:In the event that your LinkedIn feed is lacking in flair, the Microsoft subsidiary plans to boost your content flow. To encourage creation, a $25 million “Creator Accelerator Programme” was established. LinkedIn also supports live audio.
- 51 additional Starlink satellites fly: We’re including this item in Daily Crunch today for those considering moving to Montana, but who need to keep their jobs.
- Spaceflight wants to fly to Mars:Elon isn’t the only one looking to take humans to safety. Spaceflight plans to “shuttle customers for a lunar flyby mission in the next year,” which is quite neat. What is the cost of a ticket to Spaceflight?
TechCrunch Experts: Growth Marketing
To find out who startup founders turn to for the best growth marketing strategies, we’re asking them. Fill in the survey
Below are some testimonials that we have received.
Marketer: Andrew Race, Juice
Recommendation by:Orin S, Merchant Industry
Testimonial “We were recommended to Juice from a friend of mine. They said that they would give us the best man they had. We assumed that was what everybody says. But they weren’t lying. Andrew stood out from our other marketing agency. We were able to turn the corner by having someone who was so skilled and eager to learn about a new field.
The TechCrunch team can be found on Twitter at all times, from planned Twitter Spaces to spontaneous chats with the Equity crew. Tomorrow’s Disrupt Battlefield judge will speak on Twitter Spaces at 2.pm PDT/5.pm EDT. Martin Ford (author of Rule of the Robots, How Artificial Intelligence will Transform Everything”), and Danny Crichton, at 3:00 p.m. PDT/6:05 p.m. ET, will join Danny Crichton. Follow the TechCrunch twitter account to keep up with all our latest news and events.
Publiated at Tue 14 Sep 2021 22.18:04 +0000