Daily Crunch: Citing regulatory restrictions, Microsoft shuts down LinkedIn in China

DMCA / Correction Notice
- Advertisement -


To get a roundup of Nerdshala’s biggest and most important stories delivered to your inbox daily at 3PM PDT, subscribe here.

- Advertisement -

Hello and welcome to the Daily Crunch of October 14, 2021. It’s Thursday, which means the news cycle spent the day trying to up the ante on Friday before turning itself into a weekend. Let’s hope it was successful; We have so much to get!

Before we begin, our space program has a leeway for the next day, and our mother-in-law confab is coming to a close! – alex

Nerdshala Top 3

  • Microsoft to pull LinkedIn from China Microsoft made waves in the technology, regulatory and international domains today by announcing the eventual end to its LinkedIn service in China. The company had earlier made some profiles unavailable in the country due to regulatory pressure. It was a crap sandwich for the American tech company – if it didn’t do what CCP demanded in the country, it could have hurt its business in other ways, and people in other markets didn’t like it. The state was bowing to censorship. . The choice of Microsoft could become a turning point in the long saga of China’s digital decoupling from the rest of the world.
  • Big jump in GitLab IPO prices: After raising its IPO price range, DevOps Unicorn was priced above that gap at $77 per share. Then it went above $90 on its first day of trading. We have some takeaways, clear past holy cat The response you are receiving at the moment. No one knows what a thing is worth!
  • Exceptional Q3 of the Indian Startup Market: While worldwide venture capital results are proving strong in the third quarter, India may have posted the most impressive set of figures for any country during the three-month period. Nerdshala, with the help of some investors, dug into the data to find out just how long the party might last.

Startups/VCs

advertisement

We have more startup news today than you can shake any sort of proverbial stick.

To start with, Nerdshala has data related to the cannabis startup market. We can say that it is shining, flying or simply shining brightly. Startups building weed-focused businesses are swimming in a joyous wave of capital, possibly providing more than a small dose of relaxation. This is a great time to sell emotional resets in plant format.

  • Outschool proves US edtech is not dead: With more kids in school than at the end of the last academic year, you’d be forgiven for expecting a decline in venture investment in edtech startups. But a new round of $110 million values ​​the educational-promotion Unicorn Outschool at $3 billion.
  • Take Me to Space, Cool Balloon Company: It’s not just rockets that will offer travel to the lower regions of space, if Space Perspectives gets its way. NS Balloon The company just raised $40 million for its work. It may have flights – soars? — in 2024, where you’ll find me for the $74 I have, hoping to get a ticket.
  • Regehr Solar seeks to reduce the cost of space-ready solar panels Sticking to the space theme for a moment, here’s a good one. Rager Solar thinks we’re going to put a lot of satellites into space in the coming years, which is true. And it thinks that low cost of goods will be popular for that job. Again, right. We will have to see if its solar technology fits well between the two facts.
  • Zeus Living raises $55M, doubles on medium-term stay Moving away from its original corporate focus, Zeus now wants to allow all kinds of people to stay longer in the accommodations it has designed for guests. So now Zeus is the same as the long-lived Airbnb? Perhaps. Let’s see how it competes with the domestic giant.
  • Copy.ai raised $11M in ARR against its $2.4M: Translating this for you, startup Copy.ai, which uses GPT-3 to help people write, raised an $11 million funding round on the back of its $2.4 million in annual recurring revenue, or ARR Is. The startup now has 13 employees.
  • Our parent company’s parent company gave Bird access to his (our?) money: Scooter company Bird, which is reaching the public markets through SPAC – something on which this new capital is dependent – has raised a large credit facility with Apollo. Its $40 million line will cost $150 million once it goes public.
- Advertisement -

There’s more: Tala just raised $145 million to bring its lending service to more markets. Evolution Equity Partners has just raised $400 million for the investment. An AI-focused shopping assistant called Karma just raised a $25 million Series A. And German Mayed made a slew of big bills to speed up drug distribution in Europe.

Smart Growth Tactics Can Bring Account-Based Marketing to Startups and SMBs

Account-based marketing makes it easy to connect with key customers at the right time, but for many early-stage startups desperate to reach takeoff velocity, ABM isn’t seen as a necessity.

“This couldn’t be further from the truth, and both startups and SMBs can, and should, invest in ABM strategies,” advises Jonas van de Poel, head of content marketing at Amsterdam-based development agency Unmute.

In a post that provides a detailed overview, van de Poel identifies “distinctive characteristics” for businesses that should consider ABM strategies, along with specific recommendations to implement.

“With a handful of smart growth strategies and clever tools, ABM strategies don’t have to break the bank to be successful,” they write.

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

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

Big Tech Inc.

  • Tinder wants to help you avoid going dateless in that marriage: Which I can only see as a sign that vaccines are reducing COVID to the extent that marriages are relegated, there’s a new feature coming to Tinder that will help you go on a date. Cause it wouldn’t be weird or frightening Absolutely.
  • Roblox targets sophisticated avatars, NFTs: Any gaming company that allows user avatar customization is going to offer NFTs at some point. There is probably a lot of potential money to be made in the market. Roblox is joining the game, it told Nerdshala, and is working on its overall graphics setup.
  • WhatsApp rolls out encrypted chat backup Today on Privacy Beat, there’s good news from WhatsApp, which is “starting rolling out a new feature that will give its two billion users the option to encrypt their chat history backups to iCloud or Google Drive.” Nerdshala writes that this is a major loophole for government exploits.
  • And in less good news, Twitter can now show us more ads.

Nerdshala Expert

image credit: Sean Gladwell/Getty Images

We recently added another vertical to the Expert Project! If you have a software consultant you think other startup founders should know, fill out the survey here.

Read one of the testimonials we received below!

Consultant: Solvay Consulting

recommended by: Paul Shaked, sandland

Testimonial: “They helped us a lot – such a great dev team in Europe built our site with no documentation and a lot of sloppy code, but Solvay was able to come through and sort everything out. Not to mention, Our e-com site is built on a headless CMS x Shopify checkout.Solvay was one of the only teams that was able to jump in and really get things in a good place with almost no major delays due to technical debt.



- Advertisement -

Stay on top - Get the daily news in your inbox

Recent Articles

Related Stories