Daily Crunch: Oracle Deepens Into Healthcare After Closing $28B Cerner Acquisition

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Hello and welcome to another edition of the Daily Crunch, this time on Tuesday, June 7, 2022. There’s been a lot of Apple news in the last 24 hours and we have in-depth coverage on that front, but we also have a veritable cornucopia of other news from across the startup scene, so let’s get right down to business! — Hadje as well as Christine

TechCrunch Top 3

  • Oracle made a deal: Oracle has quietly completed its acquisition of Cerner, which will go into effect on Wednesday. Electronic health records are big business, and while this merger gives Oracle a big seat at the negotiating table, it remains to be seen how the two companies will merge and whether Cerner will make a profit for Oracle. Whatever happens, could this be a step forward in making medical records more accessible and easily shared by patients?
  • It’s one thing to rule them all, it’s one thing to find them, it’s one thing to blame them in the darkA: As climate and environmental aficionados, and people with endless chargers in boxes, we’re all in favor of new EU regulations that require most devices to be able to use the USB-C charging standard. We are curious how this will affect, in particular, start-ups; different chargers and allowing users to not receive a charger with their device will greatly complicate supply chains and SKUs.
  • Take the white-out: Alex as well as Anna look at venture capital activity in Latin America and get a feel for a decline in the second quarter, hinting at a possible correction.

Startups and VK

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Arduino, best known for its open source microcontrollers that have been widely adopted by the developer community, is now firmly aimed at the corporate world. Brian reports. Specifically, the company believes it is well positioned to establish itself among Gen Z engineers and millennials in the workforce..

Let’s see what else is there:

Great Performance Guide: Product Based Principles

A woman holds an acorn in front of an oak tree.  product-driven growth principles

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Image credits: John Lund (Opens in a new window) / Getty Images

Imagine a world where founders brag about how much they have grown, not about their ability to raise funds.

The ability to raise capital is less impressive than finding sustainable ways to build a growing base of paying customers. The right coaching and a strong network can help many founders secure a significant seed round, but that money reflects investor confidence, not market demand.

In a message to TC+, Curtis Townsend, Senior Director of Development at OpenView, shares 11 Product-Driven Growth Tactics that contribute to “acquisition, retention and expansion of customers”.

After surveying 14 public B2B software companies, Townshend says firms that built for discovery and implemented usage-based pricing had an average growth rate of 141%, compared to 21% for traditional SaaS.

These companies were also much more efficient with Rule 40 and revenue retention. “Across the board, the difference in metrics is stark,” says Townsend.

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)

Big Tech Inc.

FROM WWDC in full swing, let’s take a bite out of Apple first, shall we? There are some exciting new security features in the pipeline for macOS 13 Ventura (or “Mace Ventura” as we’ve dubbed it); For example, when you connect a device to the USB-C port, it is automatically blocked until you give the green light. Apple is also fixing the annoying rollback problem when an iPhone user dares to chat with an Android user. Some developers are probably happy too, as some restrictions loosen about what you can publish in the App Store. Meanwhile, iOS 16 brings with it some redesigned and reimagined features.for example, improved photo sharing and editing tools.

Next, we talked a little shake-up happens in the peloton, which next week named Amazon Web Services chief executive Liz Coddington as its new chief financial officer. She replaces Jill Woodworth, Peloton’s first CFO, who is leaving the company. As you may remember, revenues weren’t that good, which caused the company to pedal to solve its supply and demand problems.

In the money news PayPal took a hint from its users who are passionate about cryptocurrencies and opened up a way for them to move their cryptocurrency from PayPal to other users, wallets or exchanges.

Here’s some more news to devour:

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