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Hello and welcome to the Daily Crunch of September 14, 2021. It was an Apple Day on the Internet, so we’ve all spent an afternoon trying to figure out if we need a new smartphone. answer? Probably not, but that won’t stop a good portion of the Nerdshala crew from deploying the fresh Yahoo Lucre in Cupertino’s market cap. We love this stuff.
On the Nerdshala front, the disruption is within a week. Your humble servant is going shopping later this afternoon to make him look a little less cluttered. Jordan, of course, would look great on the Disrupt desk. See you there! – alex
Nerdshala Top 3
- Apple loosens grip on new hardware: Whenever Apple organizes an event, it stops time in the tech world. It’s up to you if it should still happen, but it’s true. Here’s our rundown of iPhone news, Apple Watch news, iPad updates, and a general roundup if you want to go meta. Enjoy!
- Atlanta booming: Nerdshala continues to tour US cities today, reaching Chicago and Boston in recent weeks. This time, we dug into Atlanta’s booming startup scene, which is seeing record capital inflows. We talked to some of the founders and investors to get the latest information. Don’t forget that Atlanta produced just one Decacorn exhaust.
- And speaking of Decacorn, Canva just raised $200 million at a valuation of $40 billion. In percentage terms, the Australian design software company managed to raise two bills for 0.5% of its equity value. Why is the stolen Canva at double the price so high? By and large, as our notes about its revenue growth illuminate.
Before we dive into our usual sequence of startup news, Nerdshala digs into the value of myriad BNPL startups around the world through the lens of some recent acquisitions. I wrote this Read this if that’s your jam.
- In light of the day-long Apple Fitness news, it’s important that Tonal just announced live classes are coming to its service. Tonal competes against Peloton and other players in the hardware and software market. in particular it is startup In the world that is fusing hardware and software more in this case than Apple, which is mostly bundling services into its existing products. Regardless, there is good news for you Tonal users.
- 1047 Games $100M Off: If you are hot, writes Brian Heater, you are hot. And the 1047 game with its hit title Splitgate is more than hot. So fast that it closed only the third round since May. What is Splitgate? An FPS consisting of portals. (Which obviously sounds awful.)
- Grammarly opens for developers: Grammarly is well known as a product that people use to help strengthen their writing. But what if you want to build Grammarly technology into your product? Well, now you can. The company has just announced a developer product. The finance nerd in me wonders how lucrative the new business line will prove to be, and if it will help the company already file its damn S-1.
- EverAfter Raises $13M, Underscores That HRTech Is Still Hot: According to our own reporting, EverAfter has built a “no-code customer-facing tool that streamlines onboarding and retention.” It’s a bit like Sora, a startup that Nerdshala has written about as well. A few rounds centered in one place is a signal!
- Today’s Tiger Round is Indonesian Fintech Xendit: Thanks to a $150 million check led by Tiger, Xendit is now a unicorn. At this point in time, we assume that every time Tiger’s managing partners go out to dinner, they tip $150 million. It’s the only number they know! Regardless, the payments-focused Jakarta-based fintech has big expansion plans that are now well financed.
Is it so bad to take money from a Chinese venture fund?
Are founders in fundraising mode when it comes to working with Chinese investors?
Dennis Kalinin, Asia Business Development Manager for Runa Capital, studied data from iTjuzi, a database of Chinese venture capitalists, and found:
… Chinese funds invested about $250 billion in 2020 (more than three times the figure reported in Crunchbase). This figure puts Chinese VC investments at only 30% less than US funds, but three times that of UK funds and 12.5 times that of German funds.
Kalinin writes, the pandemic, geopolitical tensions and other factors have prompted many Chinese venture funds to reduce their international investments, but this was largely “because during COVID, China’s economy was much larger than that of other countries.” Healed fast.”
Their analysis covers several angles: Chinese investments in Europe are catching up with those in Asia and the United States, half of China’s top cross-border investors are CVCs, and investors are particularly fintech, deep tech and Interested in digital health.
“Chinese investors can bring value to foreign startups, but you need to study their expertise and how it can be useful to you.”
(ExtraCrunch is our membership program, which helps founders and startup teams grow. You can sign up here.)
Big Tech Inc.
Before we get into the specifics of Big Tech news, an update from the US government: “Biden’s New FTC Nominee Is a Digital Privacy Advocate Criticizing Big Tech,” it turns out. that matters.
- LinkedIn pledges $25 million to creators: If your LinkedIn feed was lacking in pizzazz, the Microsoft subsidiary has a plan to increase your content flow. A $25 million “Creator Accelerator Program” has been set up to encourage more, well, creation. Also LinkedIn is joining in on Live Audio.
- 51 more Starlink satellites took off: If you are then we are covering this news in Daily Crunch today Too Villagers are considering a move to Montana but need to stay planned.
- It takes spaceflight to go to the moon: Elon’s space company isn’t the only player looking to get humans out of the plant. Spaceflight will “shuttle customers on lunar flyby missions next year,” which is more than neat. How much for the ticket?
Nerdshala Expert: Growth Marketing
We’re reaching out to startup founders to tell us who they turn to when they want the most up-to-date growth marketing practices. fill out the survey Here.
Read one of the testimonials we received below!
Marketer: Andrew Race, Juice
recommended by: Orin Singh, merchant industry
Testimonial: “We were sent to juice by a family friend of the owner of my company, and as a personal courtesy, they said they were giving us their best guy. Naturally, we thought that’s what everyone would say. But they weren’t kidding. Andrew was singularly league above our previous marketing company. Being so knowledgeable and willing to learn a new industry proved to be a turning point for us.”
From the planned Twitter space to instant chats with the Equity crew, the Nerdshala team is constantly on Twitter. Tomorrow, Wednesday, September 15 at 2 p.m. PDT/5 p.m. EDT, judges from the disrupted battlefield will speak on Twitter space. On Thursday, September 16 at 3 p.m. PDT/6 p.m. EDT, Danny Crichton will be joined by writer Martin Ford. “The Rule of the Robots: How Artificial Intelligence Will Change Everything.” make sure you are following Nerdshala Twitter account to stay updated with our news and events.