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Hello and welcome to a new week. came Today is off, so it’s just you and me going through the biggest stories of the day. Let’s hit it! – Christine
TechCrunch’s Top 3
- Price reduction on five roadsInvesco lowered the valuation of Indian food retailer Swiggy to $5.5 billion. In October, the price was reduced to 8 billion dollars. Manish “The recent price cuts bring a new perspective on the impact of the declining global market conditions on Indian startups,” he wrote. Evaluations are not followed when funding is cut.
- The bet is paid.: Qualcomm buys AutoTox for $350 to $400 million to boost Snapdragon automotive security technology Ingrid This agreement came as little surprise when he wrote, “In the world of advanced automotive technology, safety has become one of the most important issues, but also one of the most important opportunities in developing autonomous driver-assisted systems.”
- Don’t blink or you’ll miss it: Ingrid He also wrote about Go1, which has acquired Blinkist, a speed reading app with plans to expand into enterprise education.
Startups and VCs
When my husband and I bought our first house, we were excited to watch the builders tear it down and build it. Months later, we were waiting for what the builder said was a municipal property – well, permits weren’t issued fast enough. After reporting on PermitFlow’s new $5.5 million round, I now know why this is a problem.
Meanwhile, Natasha M He spoke with Mayfield’s Naveen Chadha about the VC firm’s new $955 million fund, which now says the firm’s big — and busy — “capital will be used to grow the company’s investment prowess in the real market.” Chadham said Mayfield missed a lot of opportunities because he was so highly regarded, but that’s okay.
Now here are four more for you:
NFX’s James Currier: Where Unicorn Ideas Come From and Why Founders Must ‘Keep Hitting’
Image Credits: Haje Kamps / TechCrunch
Are you a seed platform founder building a unicorn?
NFX Founding Partner James Currier wants to save you some time: Billion-dollar companies have three basic defenses:
- Network effects: The more people use it, the more valuable your product becomes.
- Embedding: Integrate your services so deeply that customers can’t “take them away.”
- Data loops: Collect, process and act on real-time data.
“This is really only talking about world-changing, big-ass businesses that have a lot of impact, that could be worth a billion dollars or more,” he said at TechCrunch Early Stage last month.
Three more from the TC+ team:
TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech Inc.
Hey, Twitter users, your follower count is about to drop, says Elon Musk. Sarah Twitter has reported that it will purge old accounts that haven’t tweeted in a while. The good news is that depending on which account you have, you can get a better username. Happy hunting! Also in Bird News, Ivan The social media giant has written that it is discussing a cheaper corporate verification scheme.
We like it ConnieA story over the weekend about a New York Times reporter’s close relationship with Elizabeth Holmes suggests that when she leaves him on her own terms, she still manages to attract people.
And here are four more for you:
Get your TechCrunch fix IRL. Join us this September at Disruption 2023 in San Francisco to immerse yourself in the beginning of everything. From headline interviews to intimate roundtables to a packed startup expo floor, there’s something for everyone at Disruption. Save up to $800 when you buy your pass now through May 15th, and save 15% on top of that with promo code DC. know more.
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