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Oh hi, and welcome to the Daily Crank for Wednesday! Today, the entire office is filled with robotics. Figuratively speaking, we’re not sure if we actually have an office at this point, and if we do, we don’t know who is. Maybe we’re too busy in Slack.
Anyway, tomorrow is the big day! TC Sessions: Robotics It’s finally upon us! You can still snag a (free!) ticket before the event. Here is the agenda and the companies that will be presenting at the event. Come and join us – we’ll chat in chat, and occasionally appear on the virtual forum.
Oh, and with a title like OK, fear not: Longshots are still getting venture funding, just you. to know Today’s episode of The Fairness Podcast is waiting for you. – Christine And Are you sure?
TechCrunch’s Top 3
- Looking at new endeavorsVolkswagen’s US CEO Scott Keough is leaving the automaker to take a similar role at Scout, which makes electric pickup trucks and SUVs. Jacqueline He wrote.
- That’s not a cold soak.: Faith Are you sure? For those too lazy to learn about coffee, make $1,000 coffee to get on a mildly caffeinated soapbox with this brief review of Spin.
- Puff, puff, payIn TechCrunch+ land, Anna Cannabis trading company Dutchy shines a market analysis on its new Dutch payment product, which allows you to pay for cannabis digitally when you buy one of the dispensaries the company operates.
Startups and VCs
Former NBA and Team America basketball star Michael Red He is now the co-founder of 22 Ventures. In his new TechCrunch+ column, he advises founders not to be left behind, and suggests 3 ways to bolster your portfolio.
Meanwhile, Are you sure? GetHenry questions the wisdom of changing your startup’s name to something more obscure, for example by changing its name to Cycle.
Here’s some more good news:
- At least I’ll try a bite.Meatable is a meat company, and it has shown its first product – artificial sausages, reports Paul.
- I’ll get one of these.: Anita Crypto startup Blockdaemon is still in the process of acquiring it, and this time it’s taking on Sepio.
- I’ll get a thousand of these.TEDU is designed to foster and create global business communities through partnerships between sellers and buyers. Aisha Reports. It just raised $3 million to grow the social networking site for buyers and sellers.
- I will have 50 million of themOur long-scorned sibling startup Crunchbase has raised $50 million to further grow its ecosystem database. Kyle Reports.
- I will take 3 billion of them: Christine And Natasha M They worked together to cover So. a lot of. brand new. Venture. Funds, with all new funds, total nearly $3 million in new capital ready to deploy to the ecosystem.
- I’ll take a virtual one of these.: The Bored Monkey Yacht Club (BAYC) hijinks were one of the notable success stories of the early days of the NFT craze. The founders are back, sharing their ‘Otherside’ metaverse plans. Lucas.
Fundraising tips for early and mid-stage startups in 2022
Image Credits: Masonstock (Opens in a new window) / Getty Images
Given current circumstances, best practices for fundraising and building investor relations are less relevant than they were a year ago. Back then, the prospect of early growth was enough to help founders close seed and Series A rounds.
Today, startups with long sales cycles that are not cash flow positive may not even be considered for further investments.
If you’re curious about what types of startup investors are (and aren’t) willing to see, Kami Vision CEO Yameen Durrani wrote a comprehensive post about the changes between Q4 2021 and Q3 2022 fundraising.
“Don’t panic, VCs they are. He is currently interested in investing – only in a few areas,” he wrote.
(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can register here..)
Big Tech Inc.
The Indian government is accusing Chinese smartphone makers, including Xiaomi, of tax evasion. However, amid those struggles, Xiaomi announced that it has surpassed 200 million smartphone installations in India; Manish Reports.
This company is not the only one dealing with the Indian government. Amazon is in trouble after an Indian court agreed to send its partner Future Retail into bankruptcy. Jagmet He wrote. Speaking of Amazon, Kyle The company announced that it launched its new Alexa developer tools today Ivan He writes about Amazon’s new partnership with Skullcandy for two smart assistants.
Netflix was in the news today, and Lauren He threw out three stories about them. One story deals with the company’s not-so-good subscriber loss, while the other two stories provide updates on its ad-supported status and Animal Logic’s findings.
Meanwhile, Carly Google Drive is paying attention after it was discovered that Russian hackers were using the software to hide malware, he wrote.
Here are some others we think you’ll enjoy:
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