Spotify is making a bunch of announcements, Netflix is introducing an intriguing new feature, and Clubhouse is grappling with security concerns. This is your Daily Crisis of February 22, 2021.
The big story: Spotify announces premium subscription
Spotify listeners will have the option to pay for higher quality sound when the streaming service launches a new level that it says will deliver “CD-quality sound, without loss”. Pricing and launch date have yet to be announced, but Spotify HiFi will, unsurprisingly, cost more than Spotify Premium and will be marketed as a Premium add-on.
This was probably the biggest news Spotify made at today’s ‘Stream On’ event, where it also announced an audience development tool for artists, an audio ad market, an expansion international continues, a podcast co-hosted by Barack Obama and Bruce Springsteen and a test of paid podcast subscriptions.
The giants of technology
Netflix is launching ‘Downloads for you’, a new feature that automatically downloads content you’ll like – After you enable the feature for the first time, you’ll be able to select how much storage space you want to dedicate to those recommended downloads .
Twitter explored buying Indian ShareChat and turning Moj into a global rival to TikTok – Sources say Twitter has offered to buy the five-year-old Indian startup for $ 1.1 billion.
Startups, financing and venture capital
EquityBee Raises $ 20 Million to Help Startup Employees Pay Their Stock Options – Oren Barzilai, CEO of EquityBee, Said His Company’s Mission Is To Help Startup Employees Understand the meaning of their stock options, as well as providing them with funds to be able to purchase those options.
Splice receives $ 55 million for its software bringing rhythms from rooms to bandstands – Splice has won acclaim for its ability to help creators of electronic dance music record, share, collaborate and remix music.
Race to reverse engineer Clubhouse raises security concerns – The fact that programmers require little effort to reverse engineer and fork Clubhouse sets off an app security alarm.
Advice and analysis from Extra Crunch
If Coinbase is worth $ 100 billion, what is a fair valuation for Stripe? – We explore Coinbase’s 2019 and 2020 financial performance.
Matt Harris of Bain and Isaac Oates of Justworks to talk about the Series B deal that brought them together – All the way back in 2016, Bain Capital Ventures took a whiff of Justworks’ potential for success.
Successful enterprise sales teams know how to persuade the boss of objections – Many enterprise software startups have at some point faced the invisible wall.
(Extra Crunch is our membership program, which helps founders and startup teams grow. You can sign up here.)
Watch Perseverance’s heart-wrenching descent to the surface of Mars – NASA has released a video taken by the landing module and the Perseverance rover showing the infamous “seven minutes of terror”.
Call for Oslo VCs: Be Part of TechCrunch Big European VC Investigation – TechCrunch is embarking on a major project to investigate VC investors in Europe and their cities.
Original Content Podcast: Apple’s ‘Ted Lasso’ Means Relentless Optimism – This will be our last installment on TechCrunch, as Original Content goes independent!
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