TechCrunch Master Template TechCrunch Newsletter
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Startups and VC TouchBistro, an iPad-based restaurant management platform, secured $110 million in growth financing from Francisco Partners to accelerate its growth, expand its product pipeline and make some strategic acquisitions, Christine reports. Howâs this for some dodgy rhymes: Remember, remember, the first of November: Natasha M reports that Rewind wants to revamp how you remember, with millions from a16z. A broader range on climate change: Harri reports that “simply decarbonizing” isnât enough, as Third Nature targets $35 million fund. Keep your hands off my scans: MedCrypt lands $25 million injection to secure vulnerable medical devices, Carly reports. A better gauge for your old age: Retirable secures $6 million to plan retirement for those without millions in savings, Christine reports. Companies combine for better design: Shopify acquires Remix to bolster its storefront design tools, Kyle reports. |
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The U.S. federal government has made R&D tax credits available for decades, but a major change set to take place this year will impact startups across the board. Previously, R&D expenditures could be expensed up front, but now “those expenses will need to be amortized over 5 years in the case of domestic research, and 15 years for foreign research,” according to tax attorney Andrew Leahey. Because so many startups “incur the bulk of their R&D costs in their first year of operation,” many could wait “the equivalent of a lifetime” to recover those expenses. High inflation has stalled efforts to repeal the amortization requirement, so Leahey shares several tactics companies can use “to prepare for the possibility of the rule coming into effect.” Three more from the TC+ team: Building in the limelight: How Metafy founder Josh Fabian caught the attention of 776 by building in public, by Amanda. Moar games, more web3s: Immutable onboarded more web3 games in Q3 than any other quarter, co-founder says, by Jacquelyn. Thereâs another way, surely: Iâm not really in the mood to finance your vanity project, 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 |
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Big Tech Inc. As always, we have all the Twitter news thatâs fit to post. We promise to keep it to a minimum today because there is other fantastic news to share. However, we do want to point out that Elon Musk likes to work out his thought process in tweet form now, so news is changing as the wind blows. Hereâs what you need to know today: Musk continues to talk up his plans for Twitter Blue and ad-free news articles (both by Ivan), while Amanda reports on the companyâs chief customer officer Sarah Personette, who resigned today. The move is quite surprising, given that she tweeted positively about a conversation with Musk last week. Meanwhile, over at Mastodon, things are happening, Sarah writes. And we have five more for you: Baby, you can drive my company: Ford and VW are looking for a buyer for Argo AIâs lidar unit, Kirsten reports. Rolling with the 5G: Annie writes that pricey 5G smartphones are impeding the speedier adoption of a 5G network rollout. Hacked off: The Federal Trade Commission is accusing edtech giant Chegg of âcarelessâ cybersecurity practices that led to exposure of information for tens of millions of customers and employees. Carly has more. Seeing green: The Indonesia Stock Exchange is joining with Metaverse Green Exchange on a blockchain-powered carbon trading scheme slated to launch in 2025, Rita reports. Ah, push it: We are loving Rebeccaâs headline, âUber tests push notifications, a feature literally no one wants.â |
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