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

TechCrunch Disrupt 2024 isn’t just an event for innovation; it’s a platform where your voice matters. With the Disrupt 2024 Audience Choice Program, you have the power to shape the…

2 days left to vote for Disrupt Audience Choice

The United States Department of Justice and 30 state attorneys general filed a lawsuit against Live Nation Entertainment, the parent company of Ticketmaster, for alleged monopolistic practices. Live Nation and…

The U.S. government sues to break up Live Nation-Ticketmaster

The UK will shortly get its own rulebook for Big Tech, after peers in the House of Lords agreed Thursday afternoon to pass the Digital Markets, Competition and Consumer bill…

‘Pro-competition’ rules for Big Tech make it through UK’s pre-election wash-up

Spotify’s addition of its AI DJ feature, which introduces personalized song selections to users, was the company’s first step into an AI future. Now, Spotify is developing an alternative version…

Spotify experiments with an AI DJ that speaks Spanish

Call Arc can help answer immediate and small questions, according to the company. 

Arc Search’s new Call Arc feature lets you ask questions by ‘making a phone call’

After multiple delays, Apple and the Paris area transportation authority rolled out support for Paris transit passes in Apple Wallet. It means that people can now use their iPhone or…

Paris transit passes now available in iPhone’s Wallet app

Redwood Materials, the battery recycling startup founded by former Tesla co-founder JB Straubel, will be recycling production scrap for batteries going into General Motors electric vehicles.  The company announced Thursday…

Redwood Materials is partnering with Ultium Cells to recycle GM’s EV battery scrap

A new startup called Auggie is aiming to give parents a single platform where they can shop for products and connect with each other. The company’s new app, which launched…

Auggie’s new app helps parents find community and shop

Andrej Safundzic, Alan Flores Lopez and Leo Mehr met in a class at Stanford focusing on ethics, public policy and technological change. Safundzic — speaking to TechCrunch — says that…

Lumos helps companies manage their employees’ identities — and access

Remark trains AI models on human product experts to create personas that can answer questions with the same style of their human counterparts.

Remark puts thousands of human product experts into AI form

ZeroPoint claims to have solved compression problems with hyper-fast, low-level memory compression that requires no real changes to the rest of the computing system.

ZeroPoint’s nanosecond-scale memory compression could tame power-hungry AI infrastructure

In 2021, Roi Ravhon, Asaf Liveanu and Yizhar Gilboa came together to found Finout, an enterprise-focused toolset to help manage and optimize cloud costs. (We covered the company’s launch out…

Finout lands cash to grow its cloud spend management platform

On the heels of raising $102 million earlier this year, Bugcrowd is making good on its promise to use some of that funding to make acquisitions to strengthen its security…

Bugcrowd, the crowdsourced white-hat hacker platform, acquires Informer to ramp up its security chops

Google is preparing to build what will be the first subsea fibre optic cable connecting the continents of Africa and Australia. The news comes as the major cloud hyperscalers battle…

Google to build first subsea fibre optic cable connecting Africa with Australia

The Kia EV3 — the new all-electric compact SUV revealed Thursday — illustrates a growing appetite among global automakers to bring generative AI into their vehicles.  The automaker said the…

The new Kia EV3 will have an AI assistant with ChatGPT DNA

Bing, Microsoft’s search engine, was working improperly for several hours on Thursday in Europe. At first, we noticed it wasn’t possible to perform a web search at all. Now it…

Bing’s API was down, taking Microsoft Copilot, DuckDuckGo and ChatGPT’s web search feature down too

If you thought autonomous driving was just for cars, think again. The “autonomous navigation” market — where ships steer themselves guided by AI, resulting in fuel and time savings —…

Autonomous shipping startup Orca AI tops up with $23M led by OCV Partners and MizMaa Ventures

The best known mycoprotein is probably Quorn, a meat substitute that’s fast approaching its 40th birthday. But Finnish biotech startup Enifer is cooking up something even older: Its proprietary single-cell…

Meet the Finnish biotech startup bringing a long lost mycoprotein to your plate

Silo, a Bay Area food supply chain startup, has hit a rough patch. TechCrunch has learned that the company on Tuesday laid off roughly 30% of its staff, or north…

Food supply chain software maker Silo lays off ~30% of staff amid M&A discussions

Featured Article

Meta’s new AI council is composed entirely of white men

Meanwhile, women and people of color are disproportionately impacted by irresponsible AI.

19 hours ago
Meta’s new AI council is composed entirely of white men

If you’ve ever wanted to apply to Y Combinator, here’s some inside scoop on how the iconic accelerator goes about choosing companies.

Garry Tan has revealed his ‘secret sauce’ for getting into Y Combinator

Indian ride-hailing startup BluSmart has started operating in Dubai, TechCrunch has exclusively learned and confirmed with its executive. The move to Dubai, which has been rumored for months, could help…

India’s BluSmart is testing its ride-hailing service in Dubai

Under the envisioned framework, both candidate and issue ads would be required to include an on-air and filed disclosure that AI-generated content was used.

FCC proposes all AI-generated content in political ads must be disclosed

Want to make a founder’s day, week, month, and possibly career? Refer them to Startup Battlefield 200 at Disrupt 2024! Applications close June 10 at 11:59 p.m. PT. TechCrunch’s Startup…

Refer a founder to Startup Battlefield 200 at Disrupt 2024

Social networking startup and X competitor Bluesky is officially launching DMs (direct messages), the company announced on Wednesday. Later, Bluesky plans to “fully support end-to-end encrypted messaging down the line,”…

Bluesky now has DMs

The perception in Silicon Valley is that every investor would love to be in business with Peter Thiel. But the venture capital fundraising environment has become so difficult that even…

Peter Thiel-founded Valar Ventures raised a $300 million fund, half the size of its last one

Featured Article

Spyware found on US hotel check-in computers

Several hotel check-in computers are running a remote access app, which is leaking screenshots of guest information to the internet.

22 hours ago
Spyware found on US hotel check-in computers

Gavet has had a rocky tenure at Techstars and her leadership was the subject of much controversy.

Techstars CEO Maëlle Gavet is out

The struggle isn’t universal, however.

Connected fitness is adrift post-pandemic