Daily Crunch: Banking app Current amps up its savings rate to 4.00% APY

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Hello and welcome to the Daily Crunch of January 13th, 2022! Somehow it is already close to Thursday, which is strange, as it was a few minutes ago on Monday morning. Such is the pace of 2022! There’s some hope in the market that things will slow down (and get cheaper), but that’s not very likely at the moment. More on that soon, with the news that Facebook’s dating app is kaput? To which we can answer heartily: Is Facebook still making dating apps? , alex

Nerdshala Top 3

  • How Y Combinator’s new terms are changing startup investing: News that Y Combinator is raising the capital it invests in its accelerator batch companies is running a small A little comment. While Y Combinator investing more money is generally good news for startup founders, other investors worry.
  • Instacart goes Blue Apron, because why not: Instacart is rolling out pre-made meals on its platform, expanding its product dispatch as the grocery delivery game becomes increasingly competitive. Remember that Instacart had a great 2020, but the growth of the well-funded former startup slowed in 2021.
  • Databricks does more than just file the S-1: Databricks, a giant private data analytics firm, has released a vertical version of its “Lakehouse” product. What is a lakehouse? the thing that sits on top of the data Lake, pick him up? Anyway, marking this moment for you as the point in which we really, really Knew that Databricks was a big kid company and should be taken public. Come on Databricks, we want the damn numbers.

Startups/VCs

We have a lot to talk about today, so let’s join in:

  • Turnip wants to power gaming communities: I joke about startup names from time to time, but I really adore the moniker “Turnip.” It’s memorable, fun to say, and the company even has a .gg domain name. Why the weird TLD? Because the turnip is in gaming Community space, and a .gg stands for gamers as a .eth for a guy whose profile picture on Twitter is the middlingly messy minx.
  • Ark shows there’s more room in the market for alt-financing plays: Stealth fresh, Ark software building a product to give companies capital access and perhaps help manage other elements of their financial lives Has been doing. our own Mary Ann Azevedo Dig into the company’s plans.
  • Gr4vy Raises $15M For Payment Orchestration: Whenever I Try To Avoid The Buzzwords In This Newsletter When Possible, I Took A Moment Today To Learn What “Payments Orchestration” Is, Because Gr4vy Just Got Work A Series A extension is raised to. In practice, it appears to be a meta software layer that bundles all kinds of payment options and works into a single product. So it’s more like a bundle than a conductor, but I must admit that “orchestration” sounds better than coordination.
  • Shout out to Gr4vy too for flat-out using Leatspeak in its name. very retro.
  • GoFundMe Buys Classy: GoFundMe is perhaps best known as the US healthcare and disaster safety net. Classy has a similar product, but is aimed at helping nonprofits with fundraising. The former has bought the latter in a equity transaction of our own accord Amanda Silberling,
  • What if you mix no-code, metaverse, games, user-generated content, $50 million and espoo? You get Yahaha Studios, which is based In Espoo, Finland. It just announced that it has raised $50 million in three rounds and is building a no-code service it calls “the metaverse for games.” Not only am I looking forward to the massive success of Roblox, but I love games, so consider it totally neat.
  • PUBG publisher sued game clones for nearly $5T in market cap: PlayerUnknown’s Battlegrounds Mobile Edition publisher, Crafton, Apple (worth $3 trillion), Alphabet (worth a little less than $2 trillion), and Garena Online ( valuation unknown). Nerdshala describes its title as “the opening, its game structure and the game, as copying the combination and selection of weapons, armor, and unique items, locations, and overall color schemes, materials, and textures.”
  • UBITS Raises $25M to Skill up Employees in LatAm: The great edtech explosion of 2020 eased somewhat in 2021, but now in 2022 we still see the rounds in space. UBITS is building technology to help “upskill” workers in Latin America or essentially train them for new, more complex work.
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And so on, many more. This startup thinks it can offer a 4% savings rate, which is wild. This startup is making super cute sidewalk robots. Shield raised $15 million for communications compliance software, while the fintech farm seeks to create Neobanks for various emerging markets.

Setting up high-conversion lead magnets that deliver value

magnet attracting people

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Getting a potential customer to your site is one thing, but persuading them to access your wallet or share your phone number is a stretch.

As consumers gain more control over their privacy, GetResponse’s CMO, Aleksandra Korzynska, says that marketers who align lead generation with the goals of potential customers will reap a significant advantage.

“The key is building a foot-in-the-door technology for continuous engagement—lead magnets,” she says.

(Nerdshala+ is our membership program that helps founders and startup teams grow. You can sign up here,

Big Tech Inc.

  • Meta Shutter Speed-Dating Service: At some point, Meta tries every digital product idea out there. I wouldn’t be surprised if some of the developers inside the company’s headquarters were building an alpha version of the FriendFeed clone, even after Brett Taylor left the company to become the pseudo-CEO at Salesforce. On that topic, Facebook is shutting down a speed-dating service that was apparently cooked up. will you miss it?
  • Venmo introduces e-gift wrap? Now if you hate gift wrapping, and hate giving money, you might be doubly annoyed for Venmo’s new feature that will let users ‘wrap’ their money transfers. Now your parents can’t claim that giving money for gifts isn’t a celebration!

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