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Edtech startups and VCs rally around a memo of their own

Outschool founder Amir Nathoo has a message to the edtech sector, which recently found itself under a spotlight thanks to the pandemic: Add your voice, and don’t try to always appear neutral. The founder of the unicorn business penned a statement, co-signed by other edtech leaders, promoting the continuance of teachers being allowed to teach critical race theory in classrooms across the country. The learning framework, which has been the subject of recent legislative debate, covers the acknowl...
Tags: TC, Tech, Racism, United States, Silicon Valley, Ev Williams, Edtech, Jim Crow, Coinbase, Medium, Sara Mauskopf, Basecamp, Joanna Smith, Black America, Brian Armstrong, Quizlet


Dear Sophie: What options would allow me to start something on my own?

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: Is it possible to expand our startup in the US? Dear Sop...
Tags: Startups, TC, Column, California, US, Tech, Diversity, United States, Silicon Valley, Lawyers, Delaware, H-1b Visa, Alcorn, Green Card, Immigration Law, Gorbis


In its first funding in 7 years, profitable fintech Lower raises $100M Series A led by Accel

Lower , an Ohio-based home finance platform, announced today it has raised $100 million in a Series A funding round led by Accel. This round is notable for a number of reasons. First off, it’s a large Series A even by today’s standards . The financing also marks the previously bootstrapped Lower’s first external round of funding in its seven-year history. Lower is also something that is kind of rare these days in the startup world: profitable. Silicon Valley-based Accel has a history of b...
Tags: Fundings & Exits, Startups, Real Estate, Finance, Funding, Tech, Banking, Software, United States, Computing, Venture Capital, Ohio, Silicon Valley, Detroit, Columbus, Allstate


Holy Grail raises $2.7M seed fund to create modular carbon capture devices

The founders of Holy Grail, a two-year old startup based in Cupertino, California, are taking a micro approach to solving the outsized problem of capturing carbon. The startup is prototyping a direct air carbon capture device that it is modular and small — a departure from the dozens of projects in the U.S. and abroad that aim to capture CO2 from large, centralized emitters, like power plants or industrial facilities. Holy Grail co-founder Nuno Pereira told TechCrunch that this approach will red...
Tags: Startups, Science, Climate Change, Funding, Tech, Cruise, Venture Capital, Private Equity, Silicon Valley, Voyage, GreenTech, Seed Funding, Pereira, Ian Hogarth, Cupertino California, Kyle Vogt


Investor Marlon Nichols and Wonderschool’s Chris Bennett on getting to the point with a pitch deck

Before our conversation on Extra Crunch Live, Marlon Nichols dropped a bomb on me. The MaC Venture Capital founding managing partner hadn’t actually seen Wonderschool’s original pitch deck before investing in the remote education startup. Our conversation with the company’s CEO, Chris Bennett was the first time he’d been through the seed-stage deck. Their partnership was a bit of Silicon Valley luck, good timing and some old fashioned networking. “He was a part of an organization that was helpin...
Tags: Startups, Education, Funding, America, Tech, Facebook Messenger, Venture Capital, Silicon Valley, Chris, San Francisco Bay Area, Nichols, Bennett, Chris Bennett, Marlon Nichols, Wonderschool, MaC Venture Capital


If you love voice messaging, you’ll love Squad

Squad used to be an app that connected people with similar interests for in-person meetups. Then the coronavirus pandemic hit. While most social apps thrived under these conditions — people craved digital connection more than ever — Squad couldn’t operate. Founder Isa Watson didn’t know how long the world would be in shutdown. Instead of waiting for a return to normalcy, she shifted the scope of the app entirely.   Today, Squad relaunches as an audio-based social app that aims to help users...
Tags: Facebook, Apps, Instagram, Imessage, US, Social Media, Tech, Whatsapp, Software, United States, Computing, Venture Capital, Squad, Watson, Silicon Valley, Isa


Chinese sellers on Amazon in hot demand by VCs and e-commerce roll-ups

Chinese merchants selling on Amazon are having a moment. The scruffy exporters are used to roaming about suburban factory areas and dealing with constant cash flow strain, but suddenly they find themselves having coffee with top Chinese venture capital firms and investment representatives from internet giants, who come with big checks to hunt down the next Shein or Anker. While VCs can provide the money for them to scale quickly, many lack the expertise to help on the strategic side. This is whe...
Tags: Amazon, TC, Ecommerce, Asia, Europe, France, China, Southeast Asia, Brand, Tech, E-commerce, Online Shopping, Netherlands, Poland, Silicon Valley, Online Retail


Can the military academies compete with Stanford and Harvard in venture? Two veterans are raising $50M to find out

Soldier-entrepreneurs are unfortunately still a rare breed in Silicon Valley, despite the region’s origins in Cold War defense spending. While the courage and perseverance required to fight in an overseas battlefield (or the office bureaucracy on base) would seem a perfect fit for the travails of the founder, the reality is that the journey from solider to CEO is a long and arduous transition. A couple of organizations have popped up over the years to make the leap easier. For instance, Patriot ...
Tags: West Point, Navy, Stanford, Government, Virginia, Iraq, New York City, Tech, Department Of Defense, Chicago, Harvard, Williams, Fema, Venture Capital, Silicon Valley, Dc


The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. A few Extra Crunch items highlight before we jump into things. This week, we published an interview with Refraction AI co-founder and CTO Matthew Johnson-Roberson as part of an ongo...
Tags: Google, Amazon, Transportation, Electric Vehicle, Europe, UK, Microsoft, Australia, California, Washington, China, San Francisco, Tech, Tesla, Austin, Cruise


Unit raises $51M in Accel-led Series B to grow its banking-as-a-service platform

We’ve all heard the phrase, “Every company is a fintech.”  But these days, that’s becoming more and more true as an increasing number of companies that are not even in the financial services space seek to add a fintech component to their offering. A group of startups poised to benefit from this shift are those offering banking as a service. One such startup, Unit , has raised $51 million in a Series B round to further its goal of making it possible for companies and fintechs alike to bui...
Tags: Fundings & Exits, Startups, Amit Kumar, Finance, Funding, Tel Aviv, Tech, Venture Capital, Silicon Valley, Payments, Fintech, Accel, Unit, Recent Funding, Itai Damti, Doron Somech


A Senate proposal for a new US agency to protect Americans’ data is back

Democratic Senator Kirsten Gillibrand has revived a bill that would establish a new U.S. federal agency to shield Americans from the invasive practices of tech companies operating in their own backyard. Last year, Gillibrand (D-NY) introduced the Data Protection Act, a legislative proposal that would create an independent agency designed to address modern concerns around privacy and tech that existing government regulators have proven ill-equipped to handle. “The U.S. needs a new approach to pri...
Tags: TC, Europe, Congress, Senate, US, Tech, Policy, Regulation, United States, House, Ohio, Silicon Valley, Kirsten Gillibrand, Federal Trade Commission, Data Security, Ftc


'Cash is king': Buyers who can liquidate high-yield assets are boxing first-time homeowners out of the hectic real estate market, real estate agents say

Smith Collection/Gado/Getty Images Waiving appraisal contingencies has become a popular tactic for winning a bidding war. That means if an appraisal falls short, the buyer is on the hook for coming up with the extra cash. This is making it more challenging for first-time homebuyers to find a house, realtors say. See more stories on Insider's business page. If you want to nab a home in today's wild real estate market, you better have tons of cash, realtors say. Prices have risen, i...
Tags: Google, New York, California, Washington Post, Trends, Austin, Silicon Valley, San Jose, Northern California, South Florida, Pierre, Facebook Apple, Sereno, Avery Hartmans, Getty Images Prior, West Hempstead New York


Dear Sophie: Is it possible to expand our startup in the US?

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 is a diversity green card and how do I apply for one? ...
Tags: Startups, Column, California, US, Tech, Diversity, Joe Biden, Iran, Policy, United States, Silicon Valley, State Department, Lawyers, Biden, Tehran, H-1b Visa


Self-driving trucks startup Kodiak Robotics snags investment, partnership from Bridgestone

Tire-making giant Bridgestone has taken a minority stake in Kodiak Robotics, the Silicon Valley-based startup developing autonomous trucks, as part of a broader partnership to test and develop smart tire technology. While the terms of the deal weren’t disclosed, Kodiak Robotics co-founder and CEO Don Burnette told TechCrunch that this is a direct financial investment. Bridgestone CTO Nizar Trigui has also joined the Kodiak board as an observer. The deal involves more than capital. The two compan...
Tags: Transportation, Asia, Tech, Automotive, Dallas, Silicon Valley, Autonomous Vehicles, Houston, Self-driving Trucks, Kodiak, BRIDGESTONE, Mountain View California, Burnette, Don Burnette, Kodiak Robotics, Bridgestone CTO Nizar Trigui


5 things you need to know about Big Tech’s new nemesis — FTC chair Lina Khan

Big tech has a new threat to its market dominance: FTC chairwoman Lina Khan. President Joe Biden appointed Khan chair of the Federal Trade Commission on June 15, putting a prominent proponent of breaking up monopolies in charge of the competition regulator. “I look forward to working with my colleagues to protect the public from corporate abuse,” Khan said in a statement. Progressives have heralded the appointment as an opportunity to rein in the increasing power of Silicon Valley, which will be...
Tags: Startups, Tech, Joe Biden, Silicon Valley, Khan, Federal Trade Commission, Ftc, Insider, Lina Khan


Every startup needs an in-house senate

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. For this week’s deep dive, Natasha and Danny unpacked the Expensify EC-1, which includes a ton of surprises, building tips, and, as we discuss in the show, some life lessons as well. This is our largest EC-1 to date, and is the result of six months of prodigious work from the inimitable Anna Heim. Of course, we had to add our Equity spin on the feature and boiled d...
Tags: Apple, TC, Tech, SaaS, Silicon Valley, Michigan, Travis Kalanick, EC, Equity, Expensify, Danny, Natasha, Heim, EC-1, Anna Heim, Twitter @equitypod Until Friday Equity


Payments Giant Stripe Saw Major Uptake of Staff Offer To Move With 10% Pay Cut

Stripe saw "major uptake" of the unusual offer it made to staff during the pandemic: Leave high-cost cities like New York and San Francisco and take a $20,000 bonus to boot. The catch? Workers had to consent to a 10% cut to their base compensation. From a report: "We saw pretty major uptake," John Collison, Stripe's co-founder and president, said Tuesday on Bloomberg Television. "There were a lot of people where they took advantage of all the remote working that was going on last year to be able...
Tags: New York, San Francisco, Tech, Silicon Valley, Dublin, Bloomberg Television, Collison, John Collison


Apple-Google Mobile 'Duopoly' Faces UK Antitrust Scrutiny

Google and Apple face a sweeping probe into the "duopoly" power of their mobile ecosystems, in the U.K. antitrust watchdog's latest attack on Silicon Valley. From a report: The increasingly tech-focused Competition and Markets Authority opened a 12-month market study into broad aspects of the iOS and Android systems, saying it feared the companies' dominance is stifling competition. The investigation adds to the regulator's separate investigations into both tech giants. "Our ongoing work into bi...
Tags: Apple, Google, Tech, European Union, Silicon Valley, Cma, Markets Authority, Andrea Coscelli


SkyWatch raises $17.2M for its Earth observation data platform

Waterloo-based SkyWatch was among the first startups to recognize that the key to unlocking the real benefits of the space economy lay in making Earth observation data accessible and portable, and now the company has raised a $17.2 million Series B to help it further that goal. Fresh on the heals of a partnership with Poland-based satellite operator SatRevolution, SkyWatch is now set to bridge the gulf between satellite startups and customers in a bigger way as it lowers the barriers to entry fo...
Tags: TC, Business, Space, New York City, Tech, Economy, Earth, Companies, Satellite, Poland, Aws, Silicon Valley, Shopify, Data Management, Waterloo, Startup Company


Canadians are polite, but we’re still recruiting your biotech talent, America

Michael May Contributor Share on Twitter Michael May is the president and CEO of the Centre for Commercialization of Regenerative Medicine. Jayson Myers Contributor Share on Twitter Jayson Myers is the CEO of Next Generation Manufacturing Canada. Canada made headlines during U.S. President Donald Trump’s administration for its efforts to lur...
Tags: Health, Startups, TC, Column, Stem, Toronto, America, Tech, Canada, Silicon Valley, Vancouver, Biotech, Donald Trump, Quebec, TCUK, Trump


Golden Gate Ventures forecasts a record number of exits in Southeast Asia

Despite the pandemic’s economic impact, Southeast Asia’s startup ecosystem has proven to be very resilient. In fact, a new report from investment firm Golden Gate Ventures predicts a record number of exits will happen in the region over the next couple of years, thanks to factors like a maturing ecosystem, more secondary buyers and the emergence of SPACs. The firm’s comprehensive “Southeast Asia Exit Landscape Report 2.0,” is a followup to a previous report published in 2019. Here are some highl...
Tags: Fundings & Exits, Startups, TC, Asia, New York, Southeast Asia, Singapore, US, Tech, United States, Silicon Valley, New York Stock Exchange, Golden Gate Ventures, Gojek, SPAC, INSEAD


Which Nubank will own the financial revolution?

Nubank’s first office, on California Street in the Brooklin neighborhood of São Paulo, makes for a great beginning to the company’s story. It wasn’t a Silicon Valley garage, but this tiny, one-bathroom rented house, where 30 people worked insane hours to push out the company’s debut credit card, lends just as well to an image of entrepreneurial spirit and drive. As Nubank continues to make international waves, more and more VC investors are taking a look at the Brazilian ecosystem and c...
Tags: Startups, TC, Finance, Disney, Tech, Brazil, Silicon Valley, Credit Card, Fintech, Nubank, David Velez, Online Banking, Sao Paulo, Sao Paulo Brazil, California Street, Brooklin


One woman’s drive to make a neobank as magical as Disney

As we mentioned in part 1 of this EC-1, David Velez had two key co-founding roles he needed to fill to get started building Nubank. For one, he needed a CTO to lead the engineering side of the business, as Velez didn’t have an engineering background. Edward Wible, an American computer science graduate who spent most of his career in private equity, would take that responsibility. He didn’t bring years of coding experience, but he had qualities that Velez considered more important: A strong belie...
Tags: Startups, TC, Finance, Disney, Tech, Brazil, Silicon Valley, Credit Card, EC, Fintech, Nubank, David Velez, Cto, Online Banking, Sao Paulo, Velez


'Dozens' of Companies are Now Trying to Build Flying Cars

The New York Times shares footage from a flying car's test flight in California — "a single-person aircraft for use in rural areas — essentially a private flying car for the rich — that could start selling this year." (You can read the text of the article here.) "It may look like a strange beast, but it will change the way transportation happens," they're told by Marcus Leng, the Canadian inventor who designed the aircraft (which he named BlackFly): BlackFly is what is often called a flying c...
Tags: Google, California, Tech, New York Times, Silicon Valley, Stanford University, Sebastian Thrun, Kitty Hawk, Thrun, Leng, Marcus Leng


How many opinions does it take to hit the $100M ARR Club?

In a world of talking points and corporate jargon, opinions are refreshing — and Expensify CEO and founder David Barrett is full of them. One of his earliest lessons in life, for example, was that basically everyone is wrong about basically everything. If instilling that at a young age doesn’t force you to become an entrepreneur, I don’t know what does. Barrett’s ethos has, as reporter Anna Heim puts, led to Expensify having “its own take on almost everything” from hiring without job titles and ...
Tags: Apple, TC, Utah, Mexico, Tech, Colombia, United States, Brazil, Silicon Valley, Alexis Ohanian, EC, Fintech, Nubank, Expensify, Pittsburgh, Klarna


Weekend Cooking: 9 New Food and Cooking Books

Hello, my friends. Hope that all has been well with you. I'm still cooking and reviewing, but needed a little break. In today's post, I want to share with you a bunch of food-related books I have on my list to examine more closely. I haven't fully read or cooked from any of them yet, so the following thoughts are gleaned from a combination of skimming through the text, marking dishes I'd like to try, reading bits here and there, and (in some cases) actually trying a recipe. I'll let you know wh...
Tags: Google, Books, England, Cook, France, China, Maine, Italy, Silicon Valley, Quinn, Taipei, Phillips, Hoffman, Shaffer, ATK, Beth F


The wealthy were fleeing for low-tax states long before the pandemic slammed on the gas

Florida is seeing its wealth increase at the expense of other states. Cliff Hawkins/Getty Images High-tax state residents were migrating to low-tax states pre-pandemic, per IRS data. Low-tax states, especially Florida, are getting wealthier as a result. BofA says 'tax migration' is far from a settled area but evidence of it is adding up. See more stories on Insider's business page. Tax-induced migration was a key part of the narrative of 2020, but the story actually began long ...
Tags: Florida, New York, Texas, New York City, Trends, Tech, Usps, Silicon Valley, East Coast, Agi, Irs, Trump, Big Apple, BofA, Hillary Hoffower, Bank of America Research


House Democrats About To Uncork 5-Pronged Assault on Tech

House Democrats are set to introduce a package of five bills as soon as this week that would prohibit tech giants like Apple, Amazon, Facebook and Google from discriminating against rivals or buying potential competitors, two individuals familiar with the discussions told POLITICO -- the most serious effort yet to rein in Silicon Valley's power after years of complaints from Congress. From a report: The most controversial bill would let prosecutors sue to break up major tech companies by forcing...
Tags: Google, Congress, Colorado, Politico, Tech, Gop, House, Silicon Valley, House Judiciary Committee, Apple Amazon Facebook, Ken Buck, House Judiciary, Congress From


Amazon Gets UK Antitrust Scrutiny On Data Usage, FT Says

Amazon.com is getting U.K. antitrust scrutiny into how it uses data from smaller sellers on its site, the Financial Times reported, citing three people with knowledge of the matter. From a report: The Competition and Markets Authority has been analyzing Amazon's business for months, according to the newspaper. While the regulator hasn't yet announced an investigation, it may focus on whether Amazon favors merchants that use its logistics and delivery services, the report said. Silicon Valley gia...
Tags: Amazon, UK, Tech, European Union, Silicon Valley, Competition And Markets Authority, Financial Times, Google Facebook, Amazon TM


Can payday loans be made obsolete? With $15M more, Clair wants to find out

The world seems to move faster every year, and yet, nothing feels slower than the speed by which paychecks get distributed. In the United States, work conducted the day after a pay period will take two weeks just to process, with a check or direct deposit coming another week or two later. For the tens of millions of employees who live paycheck-to-paycheck, that multi-week delay can be the difference of making a rent check — or not. A variety of startups have approached this problem with differen...
Tags: Fundings & Exits, Startups, Uber, Europe, New York, Finance, China, Funding, New York City, Tech, Walmart, Dave, Harvard, Brooklyn, United States, Brazil



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