Startups

TechCrunch+ roundup: Automattic TC-1, federal startup grants, ‘getting s*** done day’

Comment

Amazing place to watch some animal in the bay area.
Image Credits: Philip Hoeppli (opens in a new window) / Getty Images

If you’re interested in writing a post for TechCrunch or TechCrunch+, please join the Twitter Space I’m hosting today at 3 p.m. PDT/6 p.m. EDT.

I’ll explain our editorial guidelines, the editing process and most importantly, the criteria we use to determine whether a post creates value for readers.

This Space is not a forum for pitching an article — if you’d like to submit your post for consideration, please email guestcolumns@techcrunch.com.

I’m looking forward to talking to you in person; please bring your questions!

In light of today’s chat, I’d thought it’d be useful to explain why we ran this guest post by Travelpayouts head Ivan Baidin touting the productivity gains created by introducing a GSSD program, aka “Getting S*** Done Day.”

One day every other week, Travelpayouts “employees define clear-cut goals and receive specific, usually non-trivial, tasks with little to no communication involved,” writes Baidin.

Getting S*** Done Day has allowed the team to address “sidelined” projects that may have seemed like small potatoes: rebuilding lifecycle emails, improving analytics and optimizing working hours.

Completing each of these “eternally postponed” tasks created incremental gains, says Baidin. “That is something we value a lot.”

This article contains strategic, actionable advice for implementing a GSDD program alongside the lessons the team learned as they identified problems with the experiment. It’s a classic TechCrunch+ “how-to.”

Thanks very much for reading!

Walter Thompson

Senior Editor, TechCrunch+
@yourprotagonist

How our startup boosted productivity with ‘get s*** done’ day

The Automattic TC-1

Image Credits: Nigel Sussman

Our latest long-form look at a notable tech company examines Automattic, “the leading commercial complement to the open source WordPress publishing platform.”

At 16 years old, the company is growing into a major media player: Its purchase of Tumblr expanded its reach into social media, and WooCommerce, its open-source e-commerce plugin for WordPress users, integrates with POS systems in the real world.

Broken into four parts, this series examines Automattic from multiple angles:

Part 1: How doing everything wrong turned Automattic into a multibillion dollar media powerhouse (origin story)

Part 2: There’s nothing Automattic about balancing commercial growth with an open source developer community (open source development)

Part 3: Can social and e-commerce transform the future of the open web? (acquisitions and future strategy)

Part 4: The future of remote work is text (remote work culture)

The Automattic TC-1

What we can learn from China’s mobile gaming economy

TIANJIN, CHINA - 2017/10/01: Young players compete in a battle match of the mobile game Arena of Valor, held in a shopping mall. Arena of Valor: 5v5 Arena Game, China's most popular mobile game developed by Tencent Inc, which is the world's largest mobile games developer. In the first half of 2017, the sales of China's online game market reached 99.78 billion yuan, of which the revenue from mobile games industry arrived at 56.2 billion yuan, ranking first in the world.
Image Credits: Zhang Peng (opens in a new window) / Getty Images

With budgets that go into the millions, video games are no small business. And the fast-growing mobile gaming sector is shaping up to be an even more lucrative market.

That’s especially true in the massive mobile game market in China, but the country’s strict regulatory requirements have given pause to international game developers looking to enter.

But there’s a lot to learn from how Chinese publishers have navigated the regulatory environment, writes Jeff Sue, GM of Americas at mobile ad platform Mintegral.

Sue dives deep into the Chinese mobile gaming sector in a TechCrunch+ guest post, outlining how global publishers can successfully advertise and capture market share in China by pursuing local partnerships, focusing on smaller, emerging Chinese cities and studying emerging social media trends.

What we can learn from China’s mobile gaming economy

Deep tech startups in need of funding should consider federal grants

Illustration of Uncle Sam's arm holding a coin to represent federal grant funding.
Image Credits: BergmanGroup (opens in a new window) / Getty Images

So far, 2021 seems like a golden era for raising startup funding, but deep tech startups still face challenges, as few VCs have the patience or risk appetite to experiment — or wait for their investment to show returns.

However, deep tech startups have one source of capital that can also impart a fair amount of prestige, according to CoCoPie co-founder and CTO, Xipeng Shen: Federal grants.

“Being selected out of thousands of U.S. applicants signals that your innovation has strong technical and commercial merit and the potential for broad U.S. economic impact,” he writes.

In a detailed post, Shen outlines the process they followed for acceptance into the Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) program, noting that his company is using the funding tactically “to convert our technology into a minimum viable product.”

Deep tech startups in need of funding should consider federal grants

The hyperactive open banking market of Latin America: How the region is being APIfied

Latin America
Image Credits: Bryce Durbin

Latin America is very quickly becoming a hotbed for fintech startups, and VCs, savvy or not, are rushing to invest.

There are a plethora of factors driving this growth, but one important focus of tech seems to be at the heart of the innovation here: APIs built around open banking.

In a traditionally restrictive banking environment, startups like Nubank and Rebaja Tus Cuentas are revolutionizing banking and financial services, and their efforts can be compounded by the use of open banking APIs, according to Ximena Aleman, co-founder and chief business development officer at Prometeo.

“An open API ecosystem, in which third-party service providers access consumer data from financial institutions, means financial services will be optimized to lower costs and time spent on transactions and improve user experience,” she writes in a TechCrunch+ guest post.

The hyperactive open banking market of Latin America: How the region is being APIfied

Rad Power Bikes founder Mike Radenbaugh on fueling the e-bike revolution

Illustration of Mike Radenbaugh, founder of Rad Power Bikes
Image Credits: Bryce Durbin

E-bikes just exploded in popularity during the COVID-19 pandemic, and no U.S. company in the sector has raised a bigger funding round than Rad Power Bikes’ $150 million raise this year.

Pockets full of cash, the direct-to-consumer company is looking to expand its international presence and scale aggressively while keeping its focus on the one thing that has helped it grow so far: “Being user-friendly,” says founder Mike Radenbaugh.

In a free-wheeling interview with Rebecca Bellan, Radenbaugh talked about the e-bike revolution, diversifying the supply chain, and if the boom in e-bike sales will last.

Rad Power Bikes founder Mike Radenbaugh on fueling the e-bike revolution

China’s changing regulatory environment isn’t stopping a venture capital frenzy

Image Credits: Nigel Sussman (opens in a new window)

The entire startup ecosystem gets downright jittery when China brings any new regulation into force — their livelihoods depend on it, after all.

But it seems there’s no slowing the thrust of VC investment in China. As Alex Wilhelm and Anna Heim found out this morning, the third quarter of 2021 has by far been the best ever for Chinese startups.

“Will future regulatory activity by the Chinese government manage to impact startup investing in the future? We do not know. But investors are laying bets like they do, which is worth noting.”

China’s changing regulatory environment isn’t stopping a venture capital frenzy

More TechCrunch

Featured Article

What Snowflake isn’t saying about its customer data breaches

As another Snowflake customer confirms a data breach, the cloud data company says its position “remains unchanged.”

9 mins ago
What Snowflake isn’t saying about its customer data breaches

Investor demand has been so strong for Rippling’s shares that it is letting former employees particpate in its tender offer. With one exception.

Rippling bans former employees who work at competitors like Deel and Workday from its tender offer stock sale

It turns out the space industry has a lot of ideas on how to improve NASA’s $11 billion, 15-year plan to collect and return samples from Mars. Seven of these…

NASA puts $10M down on Mars sample return proposals from Blue Origin, SpaceX and others

Featured Article

In 2024, many Y Combinator startups only want tiny seed rounds — but there’s a catch

When Bowery Capital general partner Loren Straub started talking to a startup from the latest Y Combinator accelerator batch a few months ago, she thought it was strange that the company didn’t have a lead investor for the round it was raising. Even stranger, the founders didn’t seem to be…

6 hours ago
In 2024, many Y Combinator startups only want tiny seed rounds — but there’s a catch

The keynote will be focused on Apple’s software offerings and the developers that power them, including the latest versions of iOS, iPadOS, macOS, tvOS, visionOS and watchOS.

Watch Apple kick off WWDC 2024 right here

Welcome to Startups Weekly — Haje’s weekly recap of everything you can’t miss from the world of startups. Anna will be covering for him this week. Sign up here to…

Startups Weekly: Ups, downs, and silver linings

HSBC and BlackRock estimate that the Indian edtech giant Byju’s, once valued at $22 billion, is now worth nothing.

BlackRock has slashed the value of stake in Byju’s, once worth $22 billion, to zero

Apple is set to board the runaway locomotive that is generative AI at next week’s World Wide Developer Conference. Reports thus far have pointed to a partnership with OpenAI that…

Apple’s generative AI offering might not work with the standard iPhone 15

LinkedIn has confirmed it will no longer allow advertisers to target users based on data gleaned from their participation in LinkedIn Groups. The move comes more than three months after…

LinkedIn to limit targeted ads in EU after complaint over sensitive data use

Founders: Need plans this weekend? What better way to spend your time than applying to this year’s Startup Battlefield 200 at TechCrunch Disrupt. With Monday’s deadline looming, this is a…

Startup Battlefield 200 applications due Monday

The company is in the process of building a gigawatt-scale factory in Kentucky to produce its nickel-hydrogen batteries.

Novel battery manufacturer EnerVenue is raising $515M, per filing

Meta is quietly rolling out a new “Communities” feature on Messenger, the company confirmed to TechCrunch. The feature is designed to help organizations, schools and other private groups communicate in…

Meta quietly rolls out Communities on Messenger

Featured Article

Siri and Google Assistant look to generative AI for a new lease on life

Voice assistants in general are having an existential moment, and generative AI is poised to be the logical successor.

13 hours ago
Siri and Google Assistant look to generative AI for a new lease on life

Education software provider PowerSchool is being taken private by investment firm Bain Capital in a $5.6 billion deal.

Bain to take K-12 education software provider PowerSchool private in $5.6B deal

Shopify has acquired Threads.com, the Sequoia-backed Slack alternative, Threads said on its website. The companies didn’t disclose the terms of the deal but said that the Threads.com team will join…

Shopify acquires Threads (no, not that one)

Featured Article

Bangladeshi police agents accused of selling citizens’ personal information on Telegram

Two senior police officials in Bangladesh are accused of collecting and selling citizens’ personal information to criminals on Telegram.

24 hours ago
Bangladeshi police agents accused of selling citizens’ personal information on Telegram

Carta, a once-high-flying Silicon Valley startup that loudly backed away from one of its businesses earlier this year, is working on a secondary sale that would value the company at…

Carta’s valuation to be cut by $6.5 billion in upcoming secondary sale

Boeing’s Starliner spacecraft has successfully delivered two astronauts to the International Space Station, a key milestone in the aerospace giant’s quest to certify the capsule for regular crewed missions.  Starliner…

Boeing’s Starliner overcomes leaks and engine trouble to dock with ‘the big city in the sky’

Rivian needs to sell its new revamped vehicles at a profit in order to sustain itself long enough to get to the cheaper mass market R2 SUV on the road.

Rivian’s path to survival is now remarkably clear

Featured Article

What to expect from WWDC 2024: iOS 18, macOS 15 and so much AI

Apple is hoping to make WWDC 2024 memorable as it finally spells out its generative AI plans.

1 day ago
What to expect from WWDC 2024: iOS 18, macOS 15 and so much AI

As WWDC 2024 nears, all sorts of rumors and leaks have emerged about what iOS 18 and its AI-powered apps and features have in store.

What to expect from Apple’s AI-powered iOS 18 at WWDC 2024

Apple’s annual list of what it considers the best and most innovative software available on its platform is turning its attention to the little guy.

Apple’s Design Awards highlight indies and startups

Meta launched its Meta Verified program today along with other features, such as the ability to call large businesses and custom messages.

Meta rolls out Meta Verified for WhatsApp Business users in Brazil, India, Indonesia and Colombia

Last year, during the Q3 2023 earnings call, Mark Zuckerberg talked about leveraging AI to have business accounts respond to customers for purchase and support queries. Today, Meta announced AI-powered…

Meta adds AI-powered features to WhatsApp Business app

TikTok is testing streaks that are similar to Snapchat’s in order to boost engagement, including how long people stay on the app.

TikTok is testing Snapchat-like streaks

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Your usual…

Inside Fisker’s collapse and robotaxis come to more US cities

New York-based Revel has made a lot of pivots since initially launching in 2018 as a dockless e-moped sharing service. The BlackRock-backed startup briefly stepped into the e-bike subscription business.…

Revel to lay off 1,000 staff ride-hail drivers, saying they’d rather be contractors anyway

Google says apps offering AI features will have to prevent the generation of restricted content.

Google Play cracks down on AI apps after circulation of apps for making deepfake nudes

The British retailers association also takes aim at Amazon’s “Buy Box,” claiming that Amazon manipulated which retailers were selected for the coveted placement.

Amazon slammed with £1.1B data abuse lawsuit from UK retailers

Featured Article

Rivian overhauled the R1S and R1T to entice new buyers ahead of cheaper R2 launch

Rivian has changed 600 parts on its R1S SUV and R1T pickup truck in a bid to drive down manufacturing costs, while improving performance of its flagship vehicles.  The end goal, which will play out over the coming year, is an existential one. Rivian lost about $38,784 on every vehicle…

1 day ago
Rivian overhauled the R1S and R1T to entice new buyers ahead of cheaper R2 launch