Mon.Aug 29, 2022

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A Gen Z VC speaks up: Why Gen Z VCs are trash

TechCrunch

Andrew Chan. Contributor. Share on Twitter. Andrew Chan is a senior associate at Builders VC , investing in early-stage companies that are transforming pen and paper industries. In the eternal words of Kanye Omari West: “Scoop-diddy-whoop, Whoop-di-scoop-di-poop, Poop-di-scoopty.”. Now that we have that out of the way, let’s get to the meat. Objectively speaking, and much to my chagrin, I’m a Gen Z.

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Indonesia’s GoTo acquires local crypto exchange Kripto Maksima Koin for $8.4m

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register GoTo Gojek Tokopedia (GoTo), the biggest tech firm in Indonesia, is acquiring local crypto exchange Crypto Maksima Coin for about $8.4 million, GoTo said in a statement. The move further diversifies GoTo’s services to now include crypto exchange.

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Data analytics startup StarTree secures cash to expand its Apache Pinot–powered platform

TechCrunch

StarTree , a company building what it describes as an “analytics-as-a-service” platform, today announced that it raised $47 million in a Series B round led by GGV Capital with participation from Sapphire Ventures, Bain Capital Ventures, and CRV. In an email interview, co-founder and CEO Kishore Gopalakrishna said that the proceeds will be put toward doubling the size of StarTree’s staff (from 70 to 150 people by the end of 2023), expanding overseas by breaking ground on an offi

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I Trusted a Billionaire, and He Destroyed My Company

Entrepreneur's Handbook

Why was I so blinded by his money? Continue reading on Entrepreneur's Handbook ».

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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Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business.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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How to communicate with your crypto community when things aren’t going well

TechCrunch

Tahem Verma. Contributor. Share on Twitter. Tahem Verma is the co-founder and CEO of Mesha , a smart management tool for web3 startups and DAOs. The crypto bear market shows no signs of letting up, and it has already taken its pound of flesh from more than a few emerging web3 and crypto projects, not counting the ones it has killed altogether. With no clear indication of a meaningful rebound on the horizon just yet, web3 companies that have managed to make it this far need to prioritize not only

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Dubai-based Stake raises $8 million to let people across the globe invest in local properties

TechCrunch

Dubai-based startup Stake is offering retail investors from across the globe to buy fractions of rental property in UAE’s marquee city and earn regular income. The startup, found in 2020, claims that because of Dubai’s real-estate rules it has managed to attract investing users on the platform from over 80 countries in the world. The company, founded by Manar Mahmassani, Rami Tabbara, and Ricardo Brizido in 2020, has raised $8 million in a pre-Series A round from investors like BY Ventures, MEV

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Lightnet secures $50m capital commitment from LDA Capital

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register The Lightnet Group announced today it has secured a $50 million capital commitment from LDA Capital Ltd to grow its infrastructure, operations, and expand its technological partner’s (Velo Labs Technology) blockchain technology. Lightnet will have the option to increase the $50 million to a total commitment of up to $100 million over the next three years.

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Investors detail their red (and green) flags for startups seeking venture dollars

TechCrunch

The past few months have hit the startup community where it hurts — the balance sheet. With inflation rates at record highs, a recession on the horizon and threats of a long winter by venture capital giants like SoftBank , VC money is becoming harder to come by. So where does that leave startups relying on that cash to reach their next levels of operations?

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Propseller, Singapore’s proptech startup, raises $12m in Series A round

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Singapore-headquartered proptech start-up Propseller announced raising $12 million in Series A funding led by Vertex Ventures Southeast Asia and India. The round saw participation from existing investors Hustle Fund, Iterative, and Rapzo Capital, and new investors Partech, ICCP SBI, Vulpes Ventures and Redbadge Pacific.

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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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African genomics startup 54gene lays off 95 as COVID testing business struggles

TechCrunch

African genomics startup 54gene has laid off 95 employees, or about 30% of its LinkedIn-sourced 290+ employees. A company’s spokesperson confirmed the news after several sources informed TechCrunch of the layoffs last week. Founded in 2019 by Dr. Abasi Ene-Obong, the three-year-old startup seeks to address the gap in the global genomics market where less than 3% of genetic material used in pharmaceutical research is African.

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Community of Cultivators: Edition 65

GCUC

Here at GCUC we are immensely fortunate to cross paths and work with so many amazing people. Through our work, we’ve cultivated a global. The post Community of Cultivators: Edition 65 appeared first on GCUC Community.

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Garry Tan is the next president and CEO of Y Combinator

TechCrunch

Initialized Capital founder Garry Tan will become president and CEO of Y Combinator next year, the two organizations announced today. Tan will be taking over the role from Geoff Ralston, who has been with YC since 2011. Ralston did not say what’s next for him, only writing: “I am leaving YC, but I’m not actually the retiring type and am looking forward to some to-be-discovered adventures.

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A Glimpse Into the Most Awkward, Cringeworthy Business Meeting Ever

Entrepreneur's Handbook

How not to pitch, market, or sell your startup Continue reading on Entrepreneur's Handbook ».

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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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Garry Tan’s return is a full circle moment for Y Combinator

TechCrunch

Initialized Capital was venture capitalist Garry Tan’s answer to a need first highlighted by Y Combinator. As a partner at the accelerator from 2010 to 2015, Tan spent time working with companies to better understand what they needed from investors after they graduated. “I literally built the seed fund that I wanted to exist for those companies,” he said in an interview over Zoom with TechCrunch.

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Don't Look Now But Web3 Companies are Beginning to Trade Like their Web2 Counterparts

Tomasz Tunguz

This chart shows the relationship between the top 100 public projects’ revenue and their trailing revenue multiple. There’s none. The correlation asymptotes to zero. At least when looking at the ecosystem as a whole. But let’s break the data down by category into the top 5 by revenue: L1s (blockchains), DEXs (decentralized exchanges), Credit (lenders), NFT Marketplaces (buy & sell Bored Apes), & Yield Aggregators (systems to maximize interest rates on deposits).

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PostEx acquires Call Courier to become Pakistan’s largest e-commerce service provider

TechCrunch

Pakistani fintech PostEx has acquired logistics service provider Call Courier , creating what it describes as the largest e-commerce service provider in the country. PostEx will now serve 1.3 million users with over 8,000 merchants across 500 cities in Pakistan, and is on track to having a monthly loan book of more than $12 million. The acquisition means that Call Courier will become a wholly-owned subsidiary under the group name.

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Why We'll See More New Types of Web3 Apps in the Next Year

Tomasz Tunguz

The summer of 2021 marked an influx of dollars & interest into web3. Since then, the fourth crypto winter has dropped snow atop web3, but the revenue decline isn’t equal across web3 software. NFT marketplace revenue collapsed 62% since the beginning of this year. This chart shows the decline in monthly revenue from January to August. L1s’ monthly revenue has followed NFT marketplaces downward, falling 57%.

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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

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Neurofenix puts on a new spin on home stroke rehabilitation with the NeuroBall

TechCrunch

Millions around the world suffer strokes every year, and millions more are in recovery from one they’ve suffered. Regaining the use of affected limbs and capabilities is a long road, but one that can be shortened by intensive rehabilitation efforts — which Neurofenix has shown can take place in the home rather than during frequent trips to the hospital.

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Jason Fried on Why He Doesn’t Do Planning or Politics at Work

Andreessen Horowitz

Compared with many startups, 37signals cofounder Jason Fried’s views around workplace culture, structure, and strategy could be considered subversive. He’d call them “honest,” a word he uses often when describing his leadership style. The outspoken maker of Basecamp and HEY has cultivated a reputation as a tech industry contrarian over the past two decades with.

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Peter Thiel backs electronics marketplace PriceOye in maiden Pakistan investment

TechCrunch

A Pakistani startup, which has taken inspiration from China’s JD.com and India’s Flipkart to build a managed marketplace of electronics products, said on Tuesday it has raised seed funding from scores of investors including PayPal founder Peter Thiel. Launched in March 2020 — just two weeks before the COVID-19 pandemic ravaged the world — the Islamabad-based startup PriceOye offers a range of electronics products, including smartphones, TVs and home appliances.

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Mailchimp suspending crypto accounts. What are the email marketing alternatives?

Founder Bounty

Lately we have seen mailchimp one of the world's biggest crypto cut down and suspend accounts related to cryptocurrencies, bitcoin, Ethereum and other coins. Lots of people have been asking themselves what are email marketing alternatives they can use and so we have put a list together. See this artice about the blocking and suspending the crypto accounts: Mailchimp suspends accounts of several crypto-focused users | The Financial Express On August 10, Messari’s creator Ryan Selkis d

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How To Package & Price Embedded Analytics

Just by embedding analytics, app owners can charge 24% more for their product. How much value could you add? This framework from Software Pricing Partners explains how application enhancements can extend your product offerings. You’ll learn: How to take a disciplined approach to pricing The three elements of the Packaging Decision Framework Ways to structure your new embedded analytics offering Download the White Paper to learn about How To Package & Price Embedded Analytics.

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Nigeria’s Grey raises $2M for cross-border payments play and regional expansion

TechCrunch

The provision of virtual foreign bank accounts has become a common strategy for fintechs to enable Nigerians and Africans to facilitate international transfers. In the latest development, Grey , a fintech in this category that provides virtual international bank accounts to African freelancers and remote workers, is announcing that it has raised $2 million in seed funding.

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SG recruitment startup Glints banks $50m in Series D funds

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Glints , an active end-to-end regional talent ecosystem in Southeast Asia for career development and recruitment, announced raising $50 million in a Series D oversubscribed round co-led by DCM Ventures , Lavender Hill Capital, and returning investor PERSOL Holdings.

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Daily Crunch: Meta partnership allows Indian WhatsApp users to browse and buy groceries via JioMart

TechCrunch

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Good morning, you crunchy ol’ pirates. Good to see you again, and hope you had a swell weekend. On Wednesday, we’re hosting a healthcare-focused TechCrunch Live. It’ll be fun! Tune in here , and if you want to be part of the 2-minute pitch practice , Haje will be on the lookout for your applications.

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Nigerian YC-backed startup Anchor comes out of stealth with $1M+ to scale its banking-as-a-service platform

TechCrunch

In 2015, the emergence of fintechs such as Flutterwave and Paystack changed the game for online businesses in Africa by making it easier to integrate payments into customer interfaces without building those features from the ground up or merging with tacky foreign software. Amplify was another payment platform that launched during that period. However, it differentiated itself by committing to payments on social media platforms, which Nigerian digital bank Carbon was interested in when it acquir

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.