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| Overheard at a VC/startup conference recently: Product market fit is like a product going around from weirdly shaped customer group to weirdly shaped customer group, like that old kidâs book âAre you my mommy?â Startups can be a little bit like that; sometimes the users can surprise you, and the product needs to ask a few different potential customer groups whether it is a good fit. Oh, and Dominic-Madori wants to hear Black foundersâ stories of VC fundraising â If you are a Black founder with war stories (or if you know someone who does), get involved! â Christine and Haje |
| | Image Credits: Kirill Kudryavtsev / AFP / Getty Images |
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The TechCrunch Top 3 Something spooky happening: WhatsApp experienced an outage today in several countries, and users had to wait two hours before things went back to normal, Manish reports. Hit me baby one more time: Manish also writes about Google, which got its second penalty from Indiaâs antitrust watchdog, this time $113 million for what the organization said was anticompetitive practices with Play Store policies. The first was a $161.9 million fine related to Android mobile devices. Just in time for Halloween: Amanda introduces us to a new ghost dog Pokémon called Greavard. |
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Startups and VC Bilt Rewards, which works with some of the countryâs largest multifamily owners and operators to create loyalty programs and a co-branded credit card for property renters, entered unicorn status after securing $150 million in a growth round at a $1.5 billion valuation led by Left Lane Capital, Christine reports. Emergency response services have had a big boost of data thanks to advances in connected technology, with watches that can detect when their wearers are falling down and are experiencing trauma, cars that can pinpoint where their drivers are located and home systems that can transmit important data about fires when you cannot. These are just a few of the innovations weâve seen in recent years, and today, a startup called RapidSOS is announcing some funding as it continues to connect the dots for emergency first responders, Ingrid reports. And we have five more for you: Smarter chips, guac optional: AI chip startup Axelera lands $27 million in capital to commercialize its hardware, Kyle reports. Now you can get Nothing in stores: Brian reports that, ahead of launching its third product, Nothing announces a brick-and-mortar store. Pouring some fuel on the fire: Romain reports that Station F turns its main startup program into an acceleration program. Checking the pulse of telehealth: Andrew reports that telehealth unicorn Cerebral lays off 20% of staff for “operational efficiencies.” Growing revenue > cutting costs: Anna discusses why startups are better off prioritizing growth instead of optimizing cloud costs. |
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| Outsiders study multiple facets of a startup to determine its value and quality, and codebase health is one of them. A pitch deck is just part of the story, writes Matt Van Itallie, founder and CEO of codebase analytics company Sema. After technical due diligence (TDD) begins, no amount of storytelling can cover the secrets buried in GitHub and Jira. To help companies prepare for TDD, Van Itallie has written a primer with eight questions founding teams must be able to answer confidently. Tomorrow, we’ll run his detailed TDD checklist. Three more from the TC+ team: The first angel deck teardown to date: Pitch Deck Teardown: Palau Projectâs $125K pre-seed deck, by Haje. So, er, whatâs happening in Q3?: Five questions to consider ahead of Big Techâs Q3 earnings, by Alex. Batten the hatches: The seas are getting even rougher for Chinese startups, by Alex. TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code âDCâ for a 15% discount on an annual subscription! Read More |
| | Image Credits: kutaytanir / Getty Images |
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