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Hello and welcome to the Daily Crunch of October 6, 2021. Today we have a completely packed newsletter for you. So no joke from the top of us, just a note that we’ve laid out the agenda for the Nerdshala sessions: Sass, and it looks great. – alex
Nerdshala Top 3
- Google boosts African investment US tech giant Google is investing $50 million in the African continent to help accelerate its digital transformation, including $50 million in local startups. African startup investment has been on the rise in recent quarters, making Google’s news surprising, welcome if we consider the uneven reality of global venture funding.
- Huge potential in Latin America’s fast growing startup market: Nerdshala today looked at gaps in the funding market for startups in Latin America, finding that while more upstart tech companies are raising funds in the region, there are still enough blind spots where intrepid investors can find deals.
- Twitch Hacked: Amazon’s Twitch video streaming service was hacked, it was confirmed today. Payout details, source code – the hack was much more than a simple release of user data. It’s a pretty terrifying moment for Twitch, its parent company, and its huge user base. Change all your passwords, and then get a password manager.
There’s a flood of startup stories on blogs today, so we’re leaving our usual format and moving on to a few different news stories. Enjoy!
- What do people think startups do with the money they raise? In case you were curious, they spend it, which leads to incredibly negative cash flow results in growing companies. That’s the goal – to invest the money raised in the name of revenue expansion. That’s what The Athletic is doing with its venture fund.
- Here are a few rounds of early-stage startups that we think are neat: BeeHero has raised $19 million in new capital to “find more uses for its one-of-a-kind collection of data collected from thousands of active beehives.” Calgary-based Cost Certified raised $8.4 million to help “contractors send homeowners a purchasable interactive estimate so they can make their selections over the course of a project.” Teen-focused Neobank Copper Banking has closed $13.3 million in multiple rounds, reports Nerdshala. Matter invested $7 million in new funding to build a better reading application that we’re very curious about. Normative’s emissions accounting service raised €10 million from the US and European Climate Funds. Andreessen Horowitz and Coinbase Ventures invested $260 million in Indian cryptocurrency trading house CoinSwitch Kuber, which is now worth $1.9 billion.
- Cloud migration and management tools LogicWorks is building a house in $100 million in revenue.
- Our own Frederick Lardino reports that Databricks buys German startup 8080 Labs. In case you’re unclear about why this matters, Lardinois writes that the startup in question is “behind Bumbolib, a popular GUI for Python-based Pandas data analysis and manipulation tools.” (Go public databricks; stop doing the inevitable!)
Getting the Details in Your Pitch Deck
For the Pitch Deck teardown on Nerdshala Disrupt, managing editor Danny Crichton reviewed two decks, “one consumer and one enterprise,” with three VCs:
- Maren Bannon, Co-Founder and Managing Partner, Jan Ventures
- Vanessa Larco, Partner, NEA
- Ben Ling, Founder and General Partner, Bling Capital
Only the most extravagant pitch decks would get more than a few minutes of attention, so Danny selected four slides “that enthralled our panelists to show how VCs can take radically different views on the same material.”
(Nerdshala+ is our membership program that helps founders and startup teams grow. You can sign up here.)
Big Tech Inc.
Today in our large technology segment we are starting with an automotive competition and then digging into a raft of policy-focused stories that are shaping the global technology market.
- GM intends to double revenue, take Tesla market share By 2030, American automotive company General Motors wants to double its revenue and “capture the market share of EVs,” reports Nerdshala. Naturally, Tesla will have something to say about the latter target, but it’s good to see the North American EV market becoming more competitive.
- To do this, the company plans electric trucks, crossovers: GM’s popular ICE vehicles will make an electric transition, with the company planning electric trucks and crossovers, it said during an event that detailed its future EV plans.
And now, PolicyCrunch:
- UK sets new rules to protect youth on video apps UK regulator Ofcom’s new rules are “to protect users under the age of 18 from the possibility of inciting violence against groups protected from harmful content such as hate speech and videos/advertisements.” The new guidelines will affect services like TikTok, Twitch and Snapchat.
- US-based companies may be required to disclose ransomware payments in the future: Covering new is always risky as proposed laws, but they provide direction with respect to future regulation. In this case a new as proposed The law “will compel businesses in the US to disclose any ransomware payment within 48 hours of the transaction.” Which one makes sense? tell the truth Now we just need something similar for data breaches.
- European Parliament backs ban on biometric mass surveillance Worried that facial recognition will take over the world and you’ll never be able to travel without being under scrutiny? Well, good news if you live in Europe, where there is a new call for lawmakers to “impose a permanent ban on the automatic recognition of persons in public places”, except in the case of people suspected of crimes.
Nerdshala Expert: Software Consulting & Development Marketing
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: appetizer apps
recommended by: Andre Eikmeier, founder of good empire
Testimonial: “They had a good reputation globally and produced some good products. We also liked their flexible model – we were able to use our CTO to lead a team of six devs from the Appetizers team, which occasionally included UX/UI, product management, and project management as needed; It was properly collaborative, not a blackbox agency arrangement. So we were able to build domestic capacity at the same time instead of dependency. [Working with them] Allowed us to bring the first iteration of the product to market in three months from the start. We were able to build iOS and Android versions simultaneously. “
We are continuing to add content to our Growth Marketing vertical. Check out this article by Danny Crichton on Nerdshala+: “As Apple messes with attribution, what does growth marketing look like in 2021?” If there’s a growth marketer you think we should be aware of, let us know.