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The great stink in software pipelines

Greg Law Contributor Share on Twitter Greg Law is the co-founder and CTO at Undo.io, a software failure replay platform provider. It’s the summer of 1858. London. The River Thames is overflowing with the smell of human and industrial waste. The exceptionally hot summer months have exacerbated the problem. But this did not just happen overnight. Failure to upkeep an aging sewer system and a growing population that used it contr...
Tags: Work, Startups, Column, Developer, Tech, Software, SaaS, Machine Learning, Software Development, Devops, Cto, Software Engineering, Agile Software Development, Continuous Integration, Continuous Delivery, Market Analysis


High-flying IPOs for Lemonade and Accolade may encourage other unicorns to go public

If you’d predicted in late March and early April that Q3 would kick off with a wide-open IPO market and receptive investors, I doubt anyone would have believed you. If you suggested that valuations would look pretty good as well, you might even have been laughed at. And yet, here we are. The Exchange is a daily look at startups and the private markets for Extra Crunch subscribers; use code EXCHANGE to get full access and take 25% off your subscription. Yesterday Lemonade and Accolade pri...
Tags: Fundings & Exits, Startups, TC, Tech, United States, IPO market, Accolade, Exit, Lemonade, Market Analysis, The Exchange, Extra Crunch, Coronavirus, COVID-19, IPO Boutique


Unpacking how Dell’s debt load and VMware stake could come together

Last week, we discussed the possibility that Dell could be exploring a sale of VMware as a way to deal with its hefty debt load, a weight that continues to linger since its $67 billion acquisition of EMC in 2016. VMware was the most valuable asset in the EMC family of companies, and it remains central to Dell’s hybrid cloud strategy today. As CNBC pointed out last week, VMware is a far more valuable company than Dell itself, with a market cap of almost $62 billion. Dell, on the other hand,...
Tags: TC, Cloud, Enterprise, Finance, Tech, Michael Dell, M&a, Dell, Cnbc, EMC, Vmware, Dell-emc Deal, Constellation Research, Holger Mueller, Extra Crunch


Extra Crunch is now available in Greece, Ireland and Portugal

We’re excited to announce that we’ve added Extra Crunch support in Ireland, Portugal and Greece. That adds to our existing support in Europe as we are already in Austria, Belgium, France, Germany, Italy, the Netherlands, Poland, Romania, Spain and the U.K. Portugal’s 10 million citizens are no strangers to startup investment, with the country totting up 813 to date, according to Crunchbase. Notably, of that total, 113 have been announced in 2020 thus far. That means that in 2020, despi...
Tags: Startups, TC, Europe, Media, Greece, Microsoft, Boston, Tech, Ireland, Portugal, Venture Capital, Aws, Payments, Havok, Greece Ireland, Greece Portugal


AR 1.0 is dead: Here’s what it got wrong

The first wave of AR startups offering smart glasses is now over, with a few exceptions. Google acquired North this week for an undisclosed sum. The Canadian company had raised nearly $200 million, but the release of its Focals 2.0 smart glasses has been cancelled, a bittersweet end for its soft landing. Many AR startups before North made huge promises and raised huge amounts of capital before flaring out in a similarly dramatic fashion. The technology was almost there in a lot of cases, but the...
Tags: Apple, Google, Startups, TC, Mobile, Gaming, Facebook, Wearables, Hardware, Developer, Tech, Virtual Reality, Augmented Reality, North, App-store, Magic Leap


Insurtech unicorn Lemonade raises IPO range ahead of debut

Ahead of its expected IPO pricing later today, SoftBank -backed insurtech startup Lemonade has raised its expected price range. After initially targeting $23 to $26 per share in its debut, Lemonade now intends to sell its equity for $26 to $28 per share. The Exchange is a daily look at startups and the private markets for Extra Crunch subscribers; use code EXCHANGE to get full access and take 25% off your subscription. The new range boosts Lemonade’s expected value, a boon for insurtec...
Tags: TC, MetroMile, Money, Finance, Ipo, Softbank, Tech, Initial Public Offering, Lemonade, Market Analysis, Insurtech, The Exchange, David Spreng, Extra Crunch, Runway Growth Capital, Root Kin MetroMile Hippo


VCs see much to like in Democrats’ $1.5 trillion Moving Forward Act

“The Moving Forward Act reads like a $1.5 trillion validation of our fund’s thesis — that upgrading cities and related infrastructure is key to fighting the existential threat of climate change and improving lives,” said Stonly Baptiste, co-founder and partner at venture capital fund Urban Us. Democrats in Congress are wrestling with the twin problems of mass unemployment and a long-delayed need to rebuild America’s crumbling infrastructure. Now, with just 124 days until the election, the party ...
Tags: TC, Congress, Washington, Government, Senate, America, Tech, Renewable Energy, Policy, Infrastructure, House, Venture Capital, Cleantech, Baptiste, Market Analysis, Rob Day


Minneapolis-based VC shop Bread & Butter focuses on its own backyard

While many investors say sheltering in place has broadened their appetite for funding companies located outside major hubs, one firm is doubling down on backing startups in America’s heartland. Launched in 2016 by Brett Bohl, The Syndicate Fund rebranded to Bread & Butter Ventures earlier this month (a reference to one of Minnesota’s many nicknames). Along with the rebrand, longtime Google executive and Revolution partner Mary Grove joined the team as a general partner and Stephanie Rich came ab...
Tags: Health, Google, Food, Startups, TC, Enterprise, Minnesota, Minneapolis, America, Tech, Venture Capital, Revolution, Agtech, Mary Grove, Market Analysis, Bohl


Dear Sophie: Is immigration happening? Who can I hire?

Sophie Alcorn Contributor Share on Twitter Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: What does the Supreme Court’s DACA decision mean for employers...
Tags: Work, Startups, Column, Supreme Court, California, Government, US, America, Tech, Policy, Silicon Valley, Talent, Lawyers, Hiring, Trump, USCIS


Join GGV’s Hans Tung and Jeff Richards for a live chat today at 3:30 pm EDT/12:30 pm PDT

The good ship Extra Crunch Live sails along today, bringing two noted venture capitalists aboard to discuss the world’s investing patterns, their own deals and much more. Extra Crunch members can join the conversation with Hans Tung and Jeff Richards from GGV Capital at 3:30 p.m. EDT/12:30 p.m. PDT/7:30 p.m. GMT. We’ll collect audience questions as we go, so buy an Extra Crunch trial now so you can participate. Of course, TechCrunch has a list of its own queries — GGV Capital invests globally, w...
Tags: Startups, Europe, China, Events, Tech, United States, Venture Capital, Ggv Capital, Alexa von Tobel, ECL, Hans Tung, Jeff Richards, GGV, Sydney Sykes, Extra Crunch, Coronavirus


Join GGV’s Hans Tung and Jeff Richards for a live chat today at 3:30 EDT/12:30 PDT

The good ship Extra Crunch Live sails along today, bringing two noted venture capitalists aboard to discuss the world’s investing patterns, their own deals and much more. Extra Crunch members can join the conversation with Hans Tung and Jeff Richards from GGV Capital at 3:30 p.m. EDT/12:30 p.m. PDT/7:30 p.m. GMT. We’ll collect audience questions as we go, so buy an Extra Crunch trial now so you can participate. Of course, TechCrunch has a list of its own queries — GGV Capital invests globally, w...
Tags: Startups, Europe, China, Events, Tech, United States, Venture Capital, Ggv Capital, Alexa von Tobel, ECL, Hans Tung, Jeff Richards, GGV, Sydney Sykes, Extra Crunch, Coronavirus


13 Boston-focused venture capitalists talk green shoots and startup recovery

Welcome back to the second half of our two-part Boston investor survey. Catching you up, TechCrunch reached out to a host of Boston-area venture capitalists to get their take on the current state of their market, and what they think might be coming up in the future. More VCs than we initially anticipated got back to us, so we broke the survey into two pieces so that there was enough room to include everyone. Today, in contrast, we’re looking a little further ahead: Are they seeing green shoots? ...
Tags: Startups, TC, Boston, Tech, Venture Capital, Battery Ventures, Jamie Goldstein, Glasswing Ventures, Rudina Seseri, Underscore VC, Flare Capital, Michael Greeley, Victress Capital, Flybridge Capital, Amazon Target Walmart, Lily Lyman


As Uber hunts for a deal, can Postmates leverage an IPO?

It’s been a busy last 24 hours or so for on-demand delivery company Postmates. According to reporting, the company is reviving its IPO plans, possibly selling to Uber, or perhaps looking to go public with the help of a special purpose acquisition vehicle, also known as a SPAC. For Postmates, a company caught somewhere between DoorDash’s cash-fueled rise and Uber’s ability to lose hundreds of millions on its Uber Eats delivery service every quarter, multiples options are likely welcome. Postma...
Tags: Food, Startups, TC, Transportation, Ecommerce, Uber, Ipo, Tech, Postmates, SPAC, Vroom, Market Analysis, The Exchange, Extra Crunch, Coronavirus, COVID-19


From napkin notes to term sheets: A chat with Inspired Capital’s Alexa von Tobel

The next iteration of fintech is upon us, according to Inspired Capital’s Alexandra von Tobel. “Fintech 1.0 was very much, ‘Let’s take what already exists and let’s do it better,’” she said in a recent appearance on Extra Crunch Live. Consumers are shifting away from Chase Bank and migrating to no-fee trading platforms like Robinhood; instead of booking an appointment with a tax advisor, people are registering with TurboTax. Von Tobel, who founded financial-planning service LearnVest before j...
Tags: TC, Entrepreneurship, Finance, Events, Tech, Venture Capital, Robinhood, Fintech, Chase Bank, Alexa von Tobel, ECL, Market Analysis, Inspired Capital, Extra Crunch, Coronavirus, COVID-19


The virtual state of corporate venture capital today

BIll Taranto Contributor GHI Fund President Bill Taranto has spent more than two decades in the healthcare industry and has 15 years of experience in healthcare investing. In addition to his venture investing knowledge, Bill has decades of management operations experience. When the going gets tough, it’s common for some corporate VCs to head for the hills. Today, it’s a narrative that’s emerging again amid the COVID-19 crisis. Global corporate venture deals fell...
Tags: Work, Startups, Column, Tech, Remote Work, Venture Capital, Bill, CVC, Corporate Venture Capital, Market Analysis, Extra Crunch, Merck Global Health Innovation Fund MGHIF, COVID-19, Coronvirus, Taranto Contributor GHI Fund, Bill Taranto


How $20 billion health care behemoth Blue Shield of California sees startups

In the two years since Jeff Semenchuk took the reins in the newly created position of chief innovation officer for Blue Shield of California, the nonprofit health insurer with $20 billion in revenues has stepped up its investments in startup companies. As one of California’s largest insurance providers with more than four million members, Blue Shield plays an outsized role in technology adoption among physicians, hospital networks and patients. With that in mind, and with the acceleration of ent...
Tags: Health, Startups, TC, California, America, Tech, Fundraising, Healthcare, Venture Capital, Health Insurance, Blue Shield, Healthtech, Yaro, Blue Shield of California, Extra Crunch, Semenchuk


DoubleDown is going public: Why isn’t its IPO worth more?

Agora isn’t the only company headquartered outside the United States aiming to go public domestically this quarter. After catching up on Agora’s F-1 filing, the China-and-U.S.-based, API-powered tech company , today we’re parsing DoubleDown Interactive’s IPO document. The Exchange is a daily look at startups and the private markets for Extra Crunch subscribers; use code EXCHANGE to get full access and take 25% off your subscription. The mobile gaming company is targeting the NASDAQ and wants ...
Tags: Fundings & Exits, Startups, TC, Mobile, Gaming, South Korea, China, Ipo, Tech, United States, Api, Agora, Seattle, Nasdaq, Crunchbase, EBITDA


Extra Crunch expands into Romania

Extra Crunch is now live in Romania. That adds to our existing support in Europe in Austria, Belgium, France, Germany, Italy, the Netherlands, Poland, Spain, and U.K.. There’s been reason to be bullish on Romania’s technology sector for some time. A TechCrunch op-ed called the country the “ Silicon Valley of Transylvania ” in 2016, noting that the number of startups in the country had grown by 20% from 250 to 300 in a year.  The country’s rich pool of developer talent (bullish notes on that...
Tags: Startups, TC, Europe, Media, Tech, Romania, Silicon Valley, Payments, Crunchbase, Transylvania, Extra Crunch, AWS DocSend Typeform Zoom


Four views: How will the work visa ban affect tech and which changes will last?

The Trump administration’s decision to extend its ban on issuing work visas to the end of this year “would be a blow to very early-stage tech companies trying to get off the ground,” Silicon Valley immigration lawyer Sophie Alcorn told TechCrunch this week. In 2019, the federal government issued more than 188,000 H-1B visas — thousands of workers who live in the San Francisco Bay Area and other startup hubs hold H-1B and H-2B visas or J and L visas, which are explicitly prohibited under the pres...
Tags: Work, Startups, Government, China, Immigration, America, Tech, Diversity, Policy, United States, Silicon Valley, Donald Trump, San Francisco Bay Area, Trump, Techcrunch Include, H-1B


Who really benefits from reskilling?

Nearly 40 million Americans are unemployed, and a recent study that examined more than 66,000 tech job layoffs found that sales and customer success roles are most vulnerable amid COVID-19. In response, some quarters of Silicon Valley are abuzz about a long-standing technology: reskilling, or training individuals to adopt an entirely new skillset or career for employment. As millions look for a way to reenter the workforce, the question arises: Who really benefits from reskilling technology? Tha...
Tags: Google, Work, Startups, TC, Layoffs, Education, Tech, Silicon Valley, Talent, Edtech, Herrera, David Blake, Degreed, The New York Times Now, Extra Crunch, Coronavirus


Volcker Rule reforms expand options for raising VC funds

It’s time to put on our thinking caps so we can discuss an esoteric but important policy change and how it is going to impact the VC world. The 2008 financial crisis devastated the global economy. One of the reforms that came from the detritus of that situation was a policy known as the Volcker Rule. The rule, proposed by former Fed chairman Paul Volcker and passed into law with the Dodd-Frank Act, was designed to limit the ways that banks could invest their balance sheets to avoid the kind of c...
Tags: Startups, Finance, Government, Tech, Policy, Fundraising, Venture Capital, Federal Reserve, U.s. Government, Trump, Fed, Paul Volcker, Deregulation, Volcker Rule, Extra Crunch


CIO Cynthia Stoddard explains Adobe’s journey from boxes to the cloud

Up until 2013, Adobe sold its software in cardboard boxes that were distributed mostly by third party vendors. In time, the company realized there were a number of problems with that approach. For starters, it took months or years to update, and Adobe software was so costly, much of its user base didn’t upgrade. But perhaps even more important than the revenue/development gap was the fact that Adobe had no direct connection to the people who purchased its products. By abdicating sales to others,...
Tags: Work, TC, Cloud, Ecommerce, Enterprise, Adobe, Developer, Tech, Subscription model, Stoddard, Adobe Creative Cloud, Extra Crunch, Cynthia Stoddard, Adobe CIO Cynthia Stoddard


Agora’s above-range IPO pricing underscores a welcoming IPO market

In a move that highlights how open the American IPO window may be at the moment, China-based Agora priced its public offering at $20 per share last night, ahead of its $16 to $18 proposed price range. At $20 per share, the 17.5 million shares sold in its debut raised $350 million, a huge haul for a company that reported around 10% of that figure in Q1 2020 revenue. Provided that your humble servant is doing his Class A to ADS share conversion calculations correctly, Agora is worth about $2.0 ...
Tags: Fundings & Exits, Startups, TC, China, Ipo, America, Tech, SaaS, Agora, Vroom, Market Analysis, The Exchange, Extra Crunch, GGV Capital Coatue


Even amid the pandemic, this newly funded travel startup is tackling the stodgy timeshare market

The world is rife with me-too startups, which makes it all the more refreshing when a founder comes along that manages to find a broken market that’s hiding in plain sight. That’s what Mike Kennedy appears to be doing with Koala, a young outfit determined to update the stodgy world of property time-share management, wherein people acquire points or otherwise pay for a unit at a timeshare resort that they intend to regularly use or swap or rent out (or all three). It’s a big and growing market. A...
Tags: Travel, Startups, TC, New York, Tech, Hilton, Kennedy, Koala, Interval International, RCI, Mike Kennedy, Market Analysis, Wyndam, Extra Crunch, Coronavirus, COVID-19


When will California’s retail foot traffic return to normal?

John Kelly Contributor Share on Twitter John Kelly is the CEO of Zenreach, the walk-through company that helps merchants connect the online and offline world through in-store WiFi and digital marketing. Looking only at the data for the first two months of 2020, you might have been tempted to declare — and not without good reason — that it was shaping up to be a banner year for brick-and-mortar retailers. In the last week of F...
Tags: TC, Ecommerce, Column, New York, California, America, Tech, Retail, Ohio, Illinois, John Kelly, Southern California, Market Analysis, Zenreach, Extra Crunch, Coronavirus


As the IPO market warms, Accolade targets billion-dollar debut

As the IPO market heats up, one offering slipped beneath our radar. This morning, then, we’ll catch up on Accolade’s initial public offering and what its proposed pricing may tell us about the state of the IPO market. The Exchange is a daily look at startups and the private markets for Extra Crunch subscribers; use code EXCHANGE to get full access and take 25% off your subscription. Catching everyone back up, Accolade sells its service to employers who in turn offer it to their employees...
Tags: Fundings & Exits, Startups, Ipo, Tech, Accolade, Procore, Market Analysis, The Exchange, Extra Crunch


5 VCs agree: COVID-19 reshaped adtech and martech

We last surveyed VCs about their advertising and marketing investment strategies back in January — which is to say, in a completely different world, before the coronavirus pandemic began to wreak havoc on the global economy. While there don’t appear to be any comprehensive numbers yet about the effect on digital advertising (which is, after all, still playing out), early data and anecdotes suggest a rapid decline, with some categories of ad spend disappearing entirely. And as we noted in our pre...
Tags: TC, Media, Advertising Tech, Tech, Venture Capital, 500 Startups, Northzone, Elton, Greylock Partners, Adtech, Eric Franchi, Bowery Capital, John Elton, Christine Tsai, MathCapital, Extra Crunch


Demand for fertility services persists despite COVID-19 shutdowns

In 2019, the global fertility services industry was estimated to be worth $14.8 billion with demand driven by the significant growth in the median age of first-time mothers, according to a Research & Markets report. Gina Bartasi, founder and CEO of NYC-based fertility center Kindbody, has pointed to macroeconomic trends responsible for the industry’s consistent growth, such as the increase in single mothers by choice and the fact that “heterosexual couples are waiting to have children and ...
Tags: Health, Startups, New York City, Tech, New Orleans, Biotech, Black, University Of Wisconsin, University of Louisville, Market Analysis, Femtech, Research Markets, Extra Crunch, Kindbody, Gina Bartasi, COVID-19


Trump’s worker visa ban will hit Silicon Valley hard

Yesterday, President Donald Trump released an executive order that extended an existing ban on immigrant work visas through the end of the year. The move prohibits immigrants who are outside the United States from applying, but because new visas are generally issued in October, the impacts of the new rules will be felt well into 2021. The proclamation specifically targets H-1B and H-2B visas, as well as J and L visas. As a result, the San Francisco Bay area, with its high concentration of STEM-b...
Tags: Work, Startups, TC, California, Stanford, Tech, Policy, United States, Venture Capital, Silicon Valley, State Department, Donald Trump, Berkeley, San Francisco Bay, Bay Area, Trump


Plaid’s Zach Perret: ‘Every company is a fintech company’

The fintech revolution is just getting started. At least that’s the impression we got after a conversation with Plaid co-founder Zach Perret. He appeared on Extra Crunch Live last week to talk about his company’s announced exit to Visa and the larger fintech landscape. Perret and Plaid announced a deal to sell the company to Visa earlier this year for $5.3 billion, a transaction that highlighted the company’s central position in the fintech world. Plaid provides APIs that link consumer ban...
Tags: Fundings & Exits, Startups, TC, Finance, Events, Tech, M&a, Payments, Plaid, Fintech, Exit, Perret, Zach Perret, Extra Crunch, Finservices, Extra Crunch Live



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