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Hello and welcome to the Daily Crunch of June 9, 2021. Today was the TC session: Mobility, a good time and one that we hope you enjoyed. Looking ahead, we’re starting to announce some speakers for Disrupt — including Arun Mathew of Accel. Mark your calendars, this year the disruption is going to be epic. – alex
Nerdshala Top 3
- Biden breaks down Trump’s Chinese app wall: Following a very confusing episode in which the former US President demanded that TikTok sell an American company and the US government receive a cut, President Biden “canceled actions targeting TikTok and WeChat”. After signing the order, things are back to normal today. Nerdshala reports. Biden also signed a “new order requiring the Commerce Department to review apps related to the ‘jurisdiction of foreign adversaries,'” so the story isn’t over yet.
- Billions for battery technology: Northvolt has raised a $2.75 billion round to build its in-Europe battery manufacturing capacity to 150 GWh by 2030. While 2030 may seem far away, it is less than a decade from now. The news from Northvolt’s round underscores how many sectors want to ensure they can manufacture core technology products such as batteries, chips and AI as a way to limit geopolitical risk.
- Everyone wants to fund AI startups: The era in which every startup claims to be an AI company is behind us, leaving us with the era in which every VC wants to fund AI startups. Recently Nerdshala dug into the hot and busy fundraising market for startups that leverage artificial intelligence.
Startups and VCs
- Branch gets more supporters for its insurance tech service: Bundled home-and-auto insurtech startup Branch has raised a $50 million round led by Anthemis Group. The company’s pitch is that it starts customers off with a bundle, which means it doesn’t have to cross-sell them later. Despite some of Unicorn’s struggles in the space after going public, VCs are still keen to pour capital into neo-insurance providers.
- Shelf Life wants to help you source raw materials: Ever wanted to produce and sell your own version of White Claw? Lillian Cartwright and a few fellow Harvard Business School guys had the idea, but ran into supply issues. Cartwright created Shelflife, which “helps brands by providing a directory and marketplace of suppliers of raw materials that are really needed by the brand, allowing them to secure quotes quickly.”
- If you are tired of Insurtech rounds, what about NFT rounds?? Mythical Games announced a $75 million round for a blockchain-specific digital ownership writ despite slowing near-term momentum in the market. No matter what you think about NFTs, it is clear that VCs are bullish and are willing to pay to not miss the potential trend.
- US political giant Stacey Abrams’ now $9.5M . collects: Now is a fintech company that purchases corporate invoices for a fee, allowing companies to unlock revenue before receiving payment. Provided that it can properly assess non-payment risk, it is a pretty business-friendly model.
- Behead Your CMS: If you’re not hip to headless CMS tools, imagine WordPress, but without the bits that render it in your browser. Headless models have attracted backers in the more fragmented end-user device world, where users can access content on everything from smartwatches to tablets to desktops to VR helmets. And now ContentStack’s headless CMS service is richer by $57.5 million following an investment led by Insight Partners.
To sum up our startup news today, two things: First is that Superhuman CEO Rahul Vohra and his friend Todd Goldberg, founder of Eventjoy, formalized their investment partnership in a new fund called Todd & Rahul’s Angel Fund is. That name has big “Bill and Ted’s Outstanding Adventure” vibes, albeit with a big, $24 million budget.
And on the heels of Equity Podcast diving into hormonal health and the vast startup opportunities it presents, there’s a new startup working on PCOS in the market. See our look at its early appearance.
Don’t panic: ‘Algorithm updates’ aren’t the end of the world for SEO managers
SEO expert and consultant Eli Schwartz will join Managing Editor Danny Crichton tomorrow to share his advice for anyone who gets nervous every time Google updates its algorithm.
to establish a foundation for Yesterday’s conversation on Twitter Space, Ellie shared a guest post that may dispel some myths. For starters: a drop in search traffic doesn’t necessarily hurt you.
Rather than chasing an algorithm, he advises companies that rely on organic search results, instead focusing on user experience: “If you’re helpful to the user, you have nothing to fear “
Just as you release product updates based on feedback and analytics, Google is improving its products to provide a better user experience.
“If you see a drop, in many cases, your site may not even have lost actual traffic,” says Eli. “Often, losses simply represent lost impressions that are not already being converted into clicks.”
Yesterday’s discussion is the latest in a series of chats with top Extra Crunch guest contributors. If you’ve worked with a talented growth marketer, please share a brief recommendation.
(ExtraCrunch is our membership program, which helps founders and startup teams grow. You can sign up here.)
Big Tech Inc.
- Google is building a giant fiber trunk for Argentina: Imagine you were a megacorp. And the internet was a little slow between your headquarters, and say, Argentina. Do you curse your luck? stamp your feet? Or do you announce that you’re going to build “a new subsea cable that will connect the east coast of the US and Las Toninas, Argentina – with additional landings in Brazil and Uruguay” as Google did? We hope this is the last option.
- Did you know it’s Facebook’s Creators Week?? It is, as it turned out. Big Blue announced a “native affiliate tool” for Instagram that will “allow creators to recommend products available at checkout, share them with followers, and earn commissions as their posts drive sales.” This idea can prove annoying to non-influencers, but can be a boon to a large number of followers.
- End – Point Security Shop 1E . for $270M: Growing acceptance of remote work means more and more end points for companies to secure. Seeing Carlyle lift 1E to a quarter of a billion, then, is no surprise in matter. Crunchbase doesn’t have any funding data from the London-based company, so it was probably a huge exit for its team.
Introducing Nerdshala Experts: Growth Marketing
Nerdshala is back with our next category for our expert project: We’re reaching out to startup founders to tell us who they turn to when they want the most up-to-date growth marketing practices.
We are excited to share the results we have gathered in the form of a database. The more responses we get from our readers, the stronger our editorial coverage will be. To learn more, visit Nerdshala.com/experts.
. join us for Tomorrow at 12:30pm PDT / 3:30pm EDT Conversation Space on Twitter. our own Danny Crichton Growth marketers will discuss Eli SchwartzThe guest column of Don’t Panic: ‘Algorithm Updates’ for SEO Managers isn’t the end of the world. Bring your questions and comments!