Fri.Nov 20, 2020

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What Is Customer Acquisition Cost (CAC) – Formula & Example

Feedough

Acquiring new customers isn’t easy. It not only requires sales efforts but there’ also a monetary cost involved. This monetary cost could be as low as $1 for a $500 offering or as high as $1500 for the same product. Hence, it’s really important to calculate how much it will cost to get a new customer on-board to keep the business profitable for the long run.

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AllRight, an English language learning app for children, raises $5M from Genesis Investments

TechCrunch

AllRight is a platform for English language learning, aimed at children four years or older, which combines lessons with real teachers and homework with “AI-powered” tutors. It’s now raised a $5 million Series A round led by Genesis Investments, with participation from TMT Investments, TerraVC and existing investors Flashpoint and Misha Lyalin.

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From Our Founder: Creating Opportunity During Times of Crisis

StartupNation

As entrepreneurs and business owners, we do our best to plan for the future. But no matter how much we try to prepare ourselves for the unexpected, none of us could have predicted, nor prepared for, the COVID-19 pandemic and the corresponding economic crisis it has created. Roughly eight months into the pandemic, our plans—both in business and in life—have drastically changed.

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Prices increase tonight for our space-focused event, TC Sessions: Space

TechCrunch

“Space, the final frontier…” You can probably recite the “Star Trek” opening monologue in your sleep. But we’re talking science fact, not fiction, and TC Sessions: Space 2020 provides real opportunity to connect with the people, information and funding you need to boldly build the future of space technology. Go boldly, yes. But why pay full price? Early bird pricing ends — in Gene Roddenberry’s parlance — on Stardate 98489.04.

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Digitalization: 5 Tech Updates That Will Help You Survive The Recession & Thrive

Lack of digitalization decreases business competitiveness. To thrive, embracing modern solutions becomes essential. The approach to digitalization often aligns with a company's business model. This shift not only boosts productivity but also automates processes and improves security. The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.

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How A Bunch Of Angry Birds Turned Around A Failing Startup

Entrepreneur's Handbook

Fail, fail, and fail again until you succeed is the story of the company behind the Angry Birds Franchise. Continue reading on Entrepreneur's Handbook ».

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More Trending

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GRAND PRIZE WINNER OF $50,000 ANNOUNCED IN BEN FRANKLIN’S BIG IDEA CONTEST!

Ben Franklin Technology Partners

More than 100 friends, family members, and community partners tuned in via ZOOM on November 19, 2020 to see the six finalists in Ben Franklin’s BIG IDEA Contest make their pitch to a panel of independent judges. This contest, which targeted the counties of Indiana, Jefferson, Clearfield, and Cambria, attracted dozens of emerging innovators, tech startups, and small manufacturers with a BIG IDEA who wanted to win up to $50,000.

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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

This morning Wish , a well-known mobile ecommerce startup, filed to go public. It joins Affirm , Airbnb , and Roblox in filing this week as many well-known and valuable private companies look to debut before the year ends and the holidays start. Wish’s S-1 (which is filed under its corporate name ContextLogic) is of particular interest given that COVID-19 and the global pandemic have changed consumer behavior around the world in 2020.

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[PRESS RELEASE] ISRAEL’S OURCROWD ANNOUNCES JAPAN’S ORIX $60 MILLION INVESTMENT

OurCrowd

Tokyo/Jerusalem – Nov. 19, 2020 – OurCrowd today announced that ORIX Corporation (“ORIX”) invests a strategic $60 million in OurCrowd, Israel’s most active venture investing platform. This is ORIX’s first collaboration with Israel’s startup sector, with OurCrowd planning to provide the diversified financial services giant access to a wide variety of innovative technologies and companies.

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Kea raises $10M to build AI that helps restaurants answer the phone

TechCrunch

Kea is a new startup giving restaurants an opportunity to upgrade one of the more old-fashioned ways that they take orders — over the phone. Today, Kea is announcing that it has raised a $10 million Series A led by Marbruck, with participation from Streamlined Ventures, Xfund, Heartland Ventures, DEEPCORE, Barrel Ventures and AVG Funds, as well as angel investors Raj Kapoor (chief strategy officer at Lyft), Craig Flom (who was on the founding team at Panera Bread), Wingstop franchisee Tony Lam a

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Will vs trust: Which option is right for you?

Entrepreneurs' Organization

Contributed by Noelle Fauver, community outreach manager for Trust & Will. This post originally appeared on the Trust & Will website and has been modified here with permission. You’ve heard the terms “will” and “trust” from an estate planning perspective, but do you understand the difference between each? And, do you know which plan will best protect your family and assets?

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Xesto is a foot scanning app that simplifies shoe gifting

TechCrunch

You wait ages for foot scanning startups to help with the tricky fit issue that troubles online shoe shopping and then two come along at once: Launching today in time for Black Friday sprees is Xesto — which like Neatsy , which we wrote about earlier today, also makes use of the iPhone’s TrueDepth camera to generate individual 3D foot models for shoe size recommendations.

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Funding Friday: Remotely

A VC: Musings of a VC in NYC

I was on a zoom board meeting in early July and one of the board members started whipping out cards instead of interrupting. I captured the moment because I thought it was awesome. Since then, I have wanted my own set of zoom meeting cards, but never took the initiative to make them. So when I saw this Kickstarter project , I backed it immediately and went for the reward (which I rarely do) of the complete set of cards.

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If you didn’t make $1B this week, you are not doing VC right

TechCrunch

The only thing more rare than a unicorn is an exited unicorn. At TechCrunch, we cover a lot of startup financings, but we rarely get the opportunity to cover exits. This week was an exception though, as it was exitpalooza as Affirm , Roblox , Airbnb , and Wish all filed to go public. With DoorDash’s IPO filing last week , this is upwards of $100 billion in potential float heading to the public markets as we make our way to the end of a tumultuous 2020.

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PE Mastery: CAPTARGET's Playbook for Quality Lead Flow

CAPTARGET presents a masterclass in M&A deal sourcing. Learn to cast a wide net, embracing seller self-identification. Consistency is the linchpin: keep the origination process steady for a reliable flow of opportunities. Diversify your tactics, employing various tools and vendors. Tech matters! Understand DNS settings, domain authority, and brand presence for optimal outreach.

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Why I Gave Up My Global Business to Become A Solopreneur

Entrepreneur's Handbook

Running your own business is not all it’s cracked up to be Continue reading on Entrepreneur's Handbook ».

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Snap acquired Voisey, an app to create music tracks overlaying your own vocals

TechCrunch

Snapchat helped pioneer the use of lenses on faces in photos and videos to turn ordinary picture messages into fantastical creations where humans can look like, say, cats, and even cats can wear festival-chic flower crowns. Now it sounds like the company might be turning its attention… to sound. The company appears to have acquired Voisey , a U.K. startup that features instrumentals that you overlay with your own voice to create short music tracks (and videos), and also lets musicians uplo

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From Hobby to Business. Etsy Helped Her Sell More. 5 Tips.

Smart Hustle Magazine

Over the last few years my wife has made amazing, glittery, handmade wreaths from ornaments. The kind of ornaments you might see on a Christmas tree. These wreaths are used to decorate the door of a home, the wall of a kitchen or living room or to spruce up a drab hallway. Like so many who I’ve advised and helped over the years, she’s struggling with moving from hobby to business.

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Onit acquires legal startup McCarthyFinch to inject AI into legal workflows

TechCrunch

Onit , a workflow software company based in Houston with a legal component, announced this week that it has acquired 2018 TechCrunch Disrupt Battlefield alum McCarthyFinch. Onit intends to use the startup’s AI skills to beef up its legal workflow software offerings. The companies did not share the purchase price. After evaluating a number of companies in the space, Onit focused on McCarthyFinch, which gives it an artificial intelligence component the company’s legal workflow softwar

startup 101
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Monetizing Analytics Features

Think your customers will pay more for data visualizations in your application? Five years ago, they may have. But today, dashboards and visualizations have become table stakes. Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics.

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LA-based Credit Key raises $33 million for its business-to-business payments platform

TechCrunch

Bringing to small businesses across the U.S. the buy-now pay-later model that transformed companies like Klarna and Affirm into billion-dollar businesses has netted the payment and lending company Credit Key another $33.85 million in funding. The Los Angeles-based company raised its latest cash from Greycroft, Bonfire Ventures, Loeb.nyc and other, undisclosed investors, the company said.

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What is Roblox worth?

TechCrunch

With Roblox joining the end-of-year unicorn stampede toward the public markets, we’re set for a contentedly busy second half of November and early December. I hope you didn’t have vacation planned in the next few weeks. This morning we need to get deeper into the Roblox S-1 so we can better understand the nature of its revenue generation.

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Extra Crunch roundup: A fistful of IPOs, Affirm’s Peloton problem, Zoom Apps and more

TechCrunch

DoorDash, Affirm , Roblox , Airbnb , C3.ai and Wish all filed to go public in recent days, which means some venture capitalists are having the best week of their lives. Tech companies that go public capture our imagination because they are literal happy endings. An Initial Public Offering is the promised land for startup pilgrims who may wander the desert for years seeking product-market fit.

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Loadsmart raises $90 million to further consolidate its one-stop freight and logistics platform

TechCrunch

Leading on-demand digital freight platform Loadsmart has raised a $90 million Series C funding round, led by funds under management by BlackRock, and co-led by Chromo Invest. The funding will be used to continue to build out its platform to offer even more end-to-end logistics services to its freight customers, and the company says that it will be doing that in part through new collaboration with strategic investor TFI International, a leader in the logistics space, which also participated in th

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr