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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
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:
- Not just a numberA: It’s often a mistake to think that silver technology is only for aging. Primeline Partners wants to be turned upside down instead focus on quality of life, Catherine reports.
- Fly like a butterfly, sting like a taxi: Volocopter unmanned taxi one step closer to launch. The German firm said its VoloConnect four-seat electric VTOL aircraft made its first flight in May. John.
- Don’t call us; we will call you: Kyle announces that Take Blip, an online business messaging platform, announced today that it has raised $70 million.
- Not today, neighbor: Hadje covered like Eergeon allows anyone to order construction projects like fences, driveways and more.
- Wow like I’m right there man: Hadje also wrote about New 65″ Looking Glass Holographic Screen.
- Yes, how about second breakfast?: As many millennials struggle to find the money to buy their first home, many other people want to buy their second. Summer is aimed directly at the last group, Jordan reports.
Great Performance Guide: Product Based Principles
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:
- One head it’s good, but two better: Waymo Via, also known as Alphabet’s self-driving division, and Uber Freight, also known as Uber’s logistics subsidiary, are calling for action. Rebecca writes that the partnership includes several stages, including Waymo Via technology rolls out to Uber Freight network. Speaking of Uber and moving, the company has a new service that deliver delicacies from select retailers in New York, Miami and Los Angeles throughout the US. Sorry, Alaska and Hawaii, but not for you.
- For the gram: Instagram users can now pin up to three posts to their profile. This was what the division owned by Meta was testing, so go ahead and secure!
- To hear you better my dear: Devin gives an overview of new Sonos Ray soundbar.
- Please finance me: Luxury electric vehicle manufacturer Lucid Group joins Bank of America offer clients financing.
- Polestar teases: The company released images of its the first battery-electric SUV, Polestar 3 is expected to release in October.
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