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Hadje and I’ll switch places for the next two days while he gets some much-needed rest. While he’s gone, please enjoy his last one. Breaking down a Glambook presentation. Meanwhile, the TechCrunch Disrupt is getting closer: Meet the five winners of the Disrupt Audience Choice round table.and if you are a student enter our video contest for a chance to win a free pass.
And don’t forget, Startup Battlefield 200 closes tomorrow! Apply today to join Startup Battlefield 200 for a chance to submit your startup to TechCrunch Disrupt this October for free and win a $100,000 prize. Applications close on August 5th. Don’t forget to apply by tomorrow! Apply Today.
See you tomorrow! — Christine
TechCrunch Top 3
- Tools around: Two years ago, two former Palantir engineers launched Kurtosis, a crypto-focused developer tool system, and have now raised $20 million in new funding to hire a team to release a new product next year. Jacqueline reports.
- Tied to some capital: Argentinean fintech company Geopagos is leaving the original life behind as it needs $35 million in new capital to help businesses launch their own financial services products. Mary Ann writes.
- “Linking” to buy back certain shares: Snap and Airbnb share buybacks amid slowdown Alex raising his eyebrows and looking under the hood to see what’s going on.
Startups and VK
Lots of startup news again today, so let’s dig in. Firstly, Natasha M brings us some additional layoff news from On Deck, which cut another third of his staff after cutting a quarter a few months ago. For those of you who can add fractions, that’s a lot, right?
In addition, the “buy now, pay later” principle is still more prevalent among consumers (see below). Anitafunding history Holliday), but companies want to have fun too. That’s where Kontempo receives $30 million and his approach to enabling sales teams to approve credit, Kyle reports.
- App per day protects against ads: Nobody likes pop-up adsand the new Banish app feels you, Sarah writes.
- Connecting content to people: Clutch stopped funding early match creators with companies who need content Dominique-Madori reports.
- Good: Rill, business dashboard tool, speaking for the first time about the new round and its product, which includes a database and an instant user experience, Ron writes.
- An offer they couldn’t refuse: MiroBio, a startup developing treatments for autoimmune patients, accepted an offer to become part of Gilead Sciences for 405 million dollars, Paul reports.
From NDA to LOI: what really happens when your startup gets bought?
Last week, Yair Snir, Vice President and Managing Director of Dell Technologies Capital, shared an article explaining why founders should plan to acquireespecially since their chances of becoming public are very high.
He goes on to introduce readers to the post-acquisition integration period/process:
- Shopping sprint
- Path to LOI
- Attracting bankers
- Dive into due diligence
- Definition of “day one”
- You have been purchased!
“While IPOs may get more headlines, a well-timed and well-planned acquisition can open up even greater opportunities for you, your team, and the technologies you’ve created,” says Snir.
(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)
Big Tech Inc.
When it comes to cryptocurrencies, BlackRock is now saying “why beat them when you can join them?” Anita writes about Asset Managing Giant Joins Forces With Coinbase provide their customers with access to cryptography, originally Bitcoin. Speaking of Coinbase, Jacqueline as well as Alex write to TechCrunch+ about why this partnership and other partnerships with Coinbase delighting investors.
In the field of social networks we liked Amandawhere is the story spoke to Patreon CEO Jack Conte about why Instagram and Facebook are on his list, and not in a good way. As well as Aisha tells us what happened to some new club opportunities.
- car conversation: Volkswagen is preparing to release a cheaper version of their 2023 ID.4 later this year, Kirsten writes. Meanwhile, Rebecca brings us stories about NLODRiveeuropean electric car rental startup debuting in san francisco and what’s going on with Employees at Lyft after some news about the dismissal.
- wally world layoffs: Inflation forces even the largest companies to revise their budgets, and in this case Ivan reports that Walmart cuts 200 corporate employees.
- Samsung in the key of G: Ivan also writes about Samsung releases games for Amazon Luna to their smart TVs and monitors, while Brian Basic moments what goodies Samsung might announce at the Unpacked event next week.
- Streamers away: In today’s streaming news, Tage reports on Amazon Prime Video launch local service in Nigeria while Lauren writes about soundcloud announce layoffs and Paramount+ with a good quarter in terms of subscriber count.
- Giving back, just not the way they wanted: Manish reports that State Bank of Pakistan orders fintech startup Tag return all funds to customers, “citing regulatory violations and ‘other issues’, raising existential questions about the startup’s future.”
Credit: techcrunch.com /