For a single year, it appeared that the venture gambit was going to work out: hundreds of startups hoped to be worth billions on paper and exit in good order. Sadly for investors and founders alike, that year — 2021, as I am sure you’ve guessed — turned out to be more of an outlier
Month: April 2023
Based on my conversations last week at TechCrunch Early Stage, VCs are very open to first-time founders who can demonstrate more than just enthusiasm. But dealmaking is idiosyncratic: a few investors might be content to make a deal over coffee, but early-stage teams still need a sturdy pitch deck or memo they can leave behind.
Data is becoming as precious as water in precision agriculture, and Hydrosat aims to help provide both with a new set of Earth observation satellites. The company has raised a $20M A round, including $5 million in non-dilutive funding, which should put the first two thermal infrared satellites into orbit. The company’s mission is to
I stood outside a 50s truck stop diner and gas station under a dark, dusky sky. A bright neon sign that said Norm’s Drive In illuminated the space. Behind a psychedelic school bus parked in the dirt lot, monstrous limbs with huge eyeballs, long lashes and smiley faces for irises extended upwards. Little aliens ran
DJI has spent the last several years doubling down on its imagining prowess — tripling down as it were, in this case. Makes sense. Aside from the underlying fun of flying these things around, all of the most immediate consumer/prosumer applications revolve around picture taking and video. The new Mavic 3 Pro embraces the prosumer
In its first-quarter earnings call, streaming music service Spotify talked in more detail about how AI advances are impacting its business. On the positive side, the company offered an update on the user adoption of its new AI DJ feature, which offers personalized music selections introduced by a realistic-sounding DJ voice powered by AI. But
The TikTok app, used by more than 150 million Americans, is sending dangerous and depressing content to kids and teens that can cause anxiety and despair. Owned by Chinese internet company ByteDance Ltd., TikTok says it’s making improvements to the feeds, but faces a flood of lawsuits after multiple deaths. Bloomberg’s Olivia Carville wrote “The Big
Adopting Internet of Things (IoT) tech for the office isn’t easy — especially at enterprise scale. Companies have IoT device administration to worry about, and also building out the infrastructure necessary to keep those devices connected and operational. To make it easier, five former co-workers — Pasi Leipälä, Teemu Vaattovaara, Jyrki Okkonen, Ville Ylläsjarvi and
ZEBOX, an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters. Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea. The APAC hub is backed by Enterprise Singapore, a
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. As Twitter continues its absolutely farcical march toward its own demise, we are grabbing the popcorn to watch the fire blaze. In other news: Happy Monday, folks! — Christine and Haje The
Every time a member of their crew changes, maritime crew managers need to handle immigration regulations, COVID requirements and travel plans for each person. This is usually done through emails with port agents, and can quickly lead to an overwhelming number of messages, sent across multiple time zones, especially if multiple people are leaving or
BeReal is piloting its new Bonus BeReal feature in the UK. Expected to roll out soon in other countries, this allows users to post more than once per day — you get two Bonus BeReal posts if you manage to upload on time during the two-minute daily window, and one extra post if you miss
Grant Easterbrook Contributor Grant Easterbrook is a fintech consultant based in Amsterdam. He also co-founded Dream Forward, which was acquired in 2020. More posts by this contributor A decade of fintech failures: 4 innovations that didn’t live up to the hype Preparing for fintech’s second decade: 4 moves your firm must make now This article
Blake Byrne Contributor Blake Byrne is building a stealth mode biomanufacturing startup. A recent graduate of the University of Cambridge, he previously served on the Good Food Institute’s Science & Technology team. Using microbial organisms like yeast and fungi as cell factories to produce animal proteins, Pat Brown and his early team at Impossible Foods
Picture this: Fast-growing startup raises a high eight-figure round. Then, a year later, it decides to raise another. Investors line up, and this time they pledge more money while giving the company a healthy valuation bump. What’s wrong with this picture? It’s 2023, a year in which plenty of investors have rolled up the welcome
Woodoo, a startup working on alternative materials for various industries, has raised $31 million. The company is manufacturing composite materials based on wood so that they can replace common materials like glass, leather and steel. Around two-thirds of the amount raised is an equity funding round led by Chris Sacca’s Lowercarbon Capital with One Creation,
It’s been a whirlwind few years for Oura. The hardware-maker rode the early days of the pandemic to the top of the wearable ranks, establishing itself as the top smart ring maker by a mile. With the promise of detecting early COVID warning signals, the company struck up brand partnerships with some of the world’s
YouTube TV users have long complained of poor picture quality, low bitrate and other issues that impact the streaming experience. The company finally addressed the issues, including an increased bitrate for some live content, a fix for the 5.1 surround sound syncing issue and a major upgrade for the YouTube TV app for Apple TV.
The city of San Jose is authorizing development of Glydways’ Personal Rapid Transit network between the airport and the train station — a network of small autonomous cars operating on a separate roadway. Glydways CEO Mark Seeger joins Caroline Hyde to discuss. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the
“There’s a ton of stuff that really could be impacting the lives of everybody on Earth, that is not making it out of the lab and into practical application,” said David Van Wie, founder and chief investment officer at Aventurine Capital Group. That’s how he summarizes the problem he is trying to solve with his
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous
Your first slide is obviously important for a pitch deck; first impressions count, and having a solid introduction goes a long way. It seems that founders often forget that the last slide is just as important. There’s a simple reason for that: Investors easily look at hundreds of slide decks per month, and it’s hard
The pandemic era taught many of us that bikes are a great way to get around cities. Doubly so if they are e-bikes, replete with batteries to help reduce the amount of sweat required to get somewhere. Swytch Technology, a startup that builds e-bike conversion kits, isn’t targeting your average cyclist in the United States
We asked Ryan Reynolds advice he’d give to entrepreneurs. Here’s what he said
“Usually the best way to figure out if your crazy idea is any good is simply to try it. So that’s what we did,” Marc Randolph, Netflix’s co-founder and original CEO, That crazy idea was to send a CD through the mail to learn whether the concept of a mail-order DVD subscription service was practical.
Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. This week, I look into cybersecurity sales, developer content marketing, and fundraising pitches through a common lens: The importance of understanding your audience and
Some users see the chatbot as a way to supplement traditional mental health services, despite troubling privacy implications. Hugging Face AI Chief Ethics Scientist Meg Mitchell joins Caroline Hyde and Bloomberg’s Rachel Metz for her take on this new trend. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full
Startup experts! Today’s the last day that you can apply to lead a session at TechCrunch Disrupt 2023 in September. The time has come to stop procrastinating and Get. It. Done! Today’s your last chance to apply to speak at TechCrunch 2023 Why should you drop everything to get that application in by 11:59 p.m.
Photonics is proving to be a tough nut to crack Kyle Wiggers 7 hours The growing compute power necessary to train sophisticated AI models such as OpenAI’s ChatGPT might eventually run up against a wall with mainstream chip technologies. In a 2019 analysis, OpenAI found that from 1959 to 2012, the amount of power used
Meet Primo, a French startup that recently raised a $3.4 million funding round to build a software-as-a-service product that handles the IT needs of small and medium companies. Primo keeps track of your fleet of devices and can then help you manage it without a dedicated IT manager. Headline and Global Founders Capital are leading
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