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Hello and welcome to the Daily Crunch of December 3rd, 2021! I don’t know about you, but looking at stocks all day, I mostly just want to take a nap and breathe. But things were worse for DocuSign and Didi than us, so we can take comfort in that. What did sister do? Well, let’s talk about it. ,alex
Nerdshala Top 3
- Removing Didi from the list: The latest details from the Dada-esque Diddy disaster came today, with the Chinese ride-hailing giant announcing it would be pulled from US markets. Instead, it will be listed in Hong Kong. Didi’s IPO, similar to the failed Ant debut, could become a timeline marker of further separating the Chinese market with the larger world.
- Read this excerpt from Amanda Silberling on the maker economy: The worldwide success of Netflix’s “Squid Game” has sparked my own cottage industry, too. None, perhaps, more remarkable than the entry of YouTuber MrBeast. I once saw a clip of him burying himself alive while laughing. Regardless, Silberling digs into the YouTube economy and how stunts can take advantage of already created content. It is worth reading.
- SPAC challenges Amazon, Microsoft Blank-check company Circus continued this week with news that Rumble — the video hosting platform that has brought right-wing personalities to prominence — would go public via a SPAC. And like the Trump technology deal, it has a long-term outlook to take on the Internet’s major platform companies. To which we say, good luck.
- How to think about the Aura Ring: Our own Brian Heiter has taken a big dig at the Aura Ring 3, which he argues is not an Apple Watch replacement. Instead, he says, it’s a replacement for a fitness band. Considering I’ve turned my Apple Watch into a fitness band, stripping away all of its notifications that prompt me to move my lard, I don’t mind the idea of a heater.
- Vinehealth raises pre-Series A money: The $5.5 million round was once a Series A scale. It is seed now, or after a while. No matter how WineHealth wants to describe its latest round, a London-based digital health startup that has created an app that provides personalized support for cancer patients, while making it easy to gather patient-reported outcome data. Now he has the capital he needs to reach the next goal. Let’s see how it grows.
- Umamikart is a big name of: What does Umamikart do if you have to guess? Would you consider delivery of Asian ingredients? Bingo! That’s what it does, and the company just raised $6 million to keep up with the growth.
- Zindi Community is Using Solve Data Questions: What if you combine community and AI and apply the results to hard data problems? You get alive, it turns out. Nerdshala has a serious look at the South African concern that you should read.
- If you need weekend listening, there’s new Equity (here) for your audio enjoyment.
3 Ways to Recruit Engineers Who Fly Under LinkedIn’s Radar
This week, LinkedIn rolled out support for Hindi users, allowing it to reach nearly 500 million people in India and over 100 million worldwide.
Emerging markets abound with talented developers, but few of them use the same social network that many startup recruiters rely on. Additionally, many devs don’t like social media – so how do you plan to reach them?
We’re in the midst of a genius drought, so it’s a good idea to draw water from more than one well. Use the three ideas here to step up your startup’s hiring game, bringing in a broad mix of candidates.
(Nerdshala+ is our membership program that helps founders and startup teams grow. You can sign up here,
Big Tech Inc.
- Facebook Messenger tested the payment segmentation: When you reach the scale of Facebook, every product on the market is a potential add-on to your core service. So, it’s not a huge surprise that Big Blue is adding a payments segmentation to its Messenger service. What can users do with the ability to “Share the cost of bills and expenses through the app”? Well, most of what you can do with Venmo or SplitWise, we believe.
- Tech stocks fall (again): Leading the downward charge, DocuSign was the first horseman of a technical evaluation this Friday. Shares of tech stocks took several blows this week, pushing software stocks into bear market territory. Sure, valuations are still high, but the hotter market climate may have caused the hype to evaporate.
- Why is Pinduoduo growing food? It was a surprise to my eyes. Chinese e-commerce giant Pinduoduo unveiled a massive agriculture effort in August, where it is putting both capital and focus. “The program will not be profit-driven, the company promised, and all profits from the second quarter and ‘any potential gains in future quarters’ will be allocated to the initiative,” Nerdshala reported. My first thought is that tech companies in China can continue to fit in top-down demand for “general prosperity” as well as tech shops.
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