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Hello and welcome to Daily Crunch for June 22, 2021. We have startup product news, fundraising rounds, and a list of Big Tech updates for you today. But before we get into all of that, don’t forget to sign up for TechCrunch Spotlight: Pittsburgh’s Pitch-Off startup. Additionally, the Equity podcast team is hosting a live recording this Thursday which should be a lot of fun. I will be there! – Alexis
The Top 3 TechCrunch
- Twitter starts rolling out Super Follows and paid spaces: The big product push on Twitter continued today with an early rollout of its Super Follow feature. If you have 10,000 subscribers and tweet about once per day, you might be eligible to charge people $ 2.99 to $ 9.99 per month for bonus tweets. The company is also rolling out paid Twitter Spaces, its live audio product.
- Another startup taking Google: While waiting for the launch of Neeva’s subscription-based search alternative, Brave has launched its own search offering. You can take a test here, if you want. The bottom line is that it is an “untracked search engine built on an independent index and touted as a safe, privacy-friendly alternative to surveillance technology products like Google Search,” TechCrunch wrote.
- Focus on the startup financing market: TechCrunch has dug into the world the seed and early stage venture capital cycles that startups throw up today. After a VC briefed us on the concept of the Late Coming Series A and the Early Series B, we asked a host of other investors about the idea. What have we learned? That some startups may start to increase when they close their last round. Wild.
Everyone and their favorite puppy raised money today, so we’re splitting our starter blanket into two parts. The first focuses on product news. The second on financing rounds. Let’s go:
- Airbank develops a small and medium-sized fintech service to help aggregate all of a company’s bank accounts and financial data. Read the story here.
- Reducing racial inequalities is a framework that aims to “tackle racial inequalities in investments in startups and in the world at large,” reports TechCrunch.
- Team launched a new mobile app that connects groups of friends via time-limited audio messages. You have 24 hours to hear what your friends have said now that Squad has completed its transition to more intimate collections of Interest Group Friends.
When it comes to the world of money, there are more tricks than we can do today. But here is a selection of favorites:
- Mollie raises $ 800 million for its payment integration service: Dutch startup Mollie is now worth $ 6.5 billion after raising nearly $ 1 billion in a single round. The startup “offers businesses a way to integrate payments into sites, documents and other services through an API,” TechCrunch wrote. His new round and new review mean there’s still room in the payment space for more mega-unicorns. Again.
- Speaking of fintech, Australian startup Zeller just raised AU $ 50 million at a valuation of A $ 400 million. It provides point of sale and card services for SMEs.
- Lidar-driven Quanergy systems go public: Via a SPAC, of course. You can browse his investor deck if you want all the serious projections. What matters here is that the PSPC boom is not over, although it seems to be slowing down. And we’re hearing from Series B-level founders that PSPCs are already hitting them. Expect increasingly weird PSPC offers over time.
- Oyster is now a half unicorn: That’s what we learned when the startup focused on supporting employees outside of a company’s home country raised a $ 50 million Series B that valued it at nearly 500. millions of dollars.
- Vantage Raises $ 4 Million to Help People Manage Their AWS Spending: All of this growth managed by Amazon’s AWS cloud service in recent years has been driven by increased customer spending. And some AWS customers want to spend less. And Vantage will help you.
- G2 raises $ 157 million to help companies choose software: Software is such a broad category that even niches can support a multitude of competitors. But all of this expense means that many companies are making choices about which software to operate. G2 wants to help. And it’s now a unicorn after its investors poured nine-figure capital into its coffers at a valuation of over $ 1 billion.
- Transmit Raises $ 543 Million in Series A to Help Eliminate Passwords: The company is now worth $ 2.2 billion, and plans to use its new money to “expand its reach and invest in key global areas to grow the organization.” Any move to remove passwords is approved by TechCrunch.
How much do you pay as a founder of SaaS
Anna Heim interviewed SaaS entrepreneurs and investors to find out how much start-up founders should pay themselves.
Startups run by CEOs who make a small salary tend to do better in the long run, but there are other things to consider, such as geography, marital status, and, frankly, the quality of life that you have. you desire.
Waterly founder Chris Sosnowski increased his own salary to $ 14 an hour last year; at his previous job, his salary exceeded $ 100,000.
“We had saved money for over a year before reducing my salary,” he told Anna. “I can live my life without entertainment… so that’s what we did for 2020.”
How much are you willing to sacrifice?
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
Another day another round of headlines discussing the latest tech and government scraps. Today we learned that the US government may revisit Amazon’s plan to buy a massive movie studio. There was also more India today, with news that the country is digging into Google in its smart TV market. On the same topic, the EU is currently investigating Google’s adtech software from an antitrust point of view.
In related news, the push to organize Amazon employees doesn’t stop in its home market.
TechCrunch Experts: Growth Marketing
Today we present one of the recommendations that were submitted to our survey. Stay tuned throughout the week as we highlight more responses!
Name of merchant: Ladder
Recommendation: “They really get what I need. By testing different posts on different personas, we find out what works and what doesn’t to better understand our users and prospects. That’s gold for a business at our stage. Showing these results to our investors blew them away. “
Submit your own recommendation here.
Speaking of sharing, we launched our latest call for startups to include in our Pittsburgh Spotlight Pitch-Off. If you know of a great startup in the Pittsburgh ecosystem, share it widely and encourage people to submit their business. While you’re at it, make sure you’re registered to participate on June 29!