The savage genius of SoftBank funding competitors – TechCrunch

Venture capitalists aren’t supposed to make their portfolio companies battle to the death. There’s a long-standing but unofficial rule that investors shouldn’t fund multiple competitors in the same space. Conflicts of interest could arise, information about one startup’s strategy could be improperly shared with the other, and the companies could become suspicious of advice provided by their investors. That leads to problems down the line for VCs, as founders may…

Lime’s founding CEO steps down as his co-founder takes control – TechCrunch

In an all-hands meeting this afternoon, the scooter and bike-sharing phenom Lime announced co-founder and chief executive officer Toby Sun would transition out of the C-suite to focus on company culture and R&D. Brad Bao, a Lime co-founder and long-time Tencent executive, will assume chief responsibilities, Lime confirmed to TechCrunch. “Lime has experienced unprecedented growth in the global marketplace under the joint leadership of our co-founders Brad Bao and Toby…

Meet Projector, collaborative design software for the Instagram age – TechCrunch

Mark Suster of Upfront Ventures bonded with Trevor O’Brien in prison. The pair, Suster was quick to clarify, were on site at a correctional facility in 2016 to teach inmates about entrepreneurship as part of a workshop hosted by Defy Ventures, a nonprofit organization focused on addressing the issue of mass incarceration. They hit it off, sharing perspectives on life and work, Suster recounted to TechCrunch. So when O’Brien, a…

Why startups need to be careful about export licenses and the Huawei ban – TechCrunch

America is the land of free trade … precisely until it is not. Through a thicket of laws and regulations, the U.S. government has broad control over what can get exported to whom, particularly in areas with sensitive technology or national security concerns. In general, those restrictions are loose, which is why startups mostly haven’t had to think about export laws. That open world is rapidly closing though, and startups…

There’s an alternative to raising VC and it’s called revenue-based financing – TechCrunch

Revenue-based financing is on the rise, at least according to Lighter Capital, a firm that doles out entrepreneur-friendly debt capital. What exactly is RBF you ask? It’s a relatively new form of funding for tech companies that are posting monthly recurring revenue. Here’s how Lighter Capital, which completed 500 RBF deals in 2018, explains it: “It’s an alternative funding model that mixes some aspects of debt and equity. Most RBF…

OpenFin raises $17 million for its OS for finance – TechCrunch

OpenFin, the company looking to provide the operating system for the financial services industry, has raised $17 million in funding through a Series C round led by Wells Fargo, with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. Previous investors in OpenFin also include DRW Venture Capital, Euclid Opportunities and NYCA Partners. Likening itself to “the OS of finance”, OpenFin seeks to…

Coinbase expands USDC stablecoin support to 85 countries – TechCrunch

Cryptocurrency exchange Coinbase is ramping up stablecoin support around the world. Customers can now trade USD Coin (or USDC for short) in 85 countries — USDC support was only available in the U.S. excluding NY. You can trade USDC on both Coinbase and Coinbase Pro. The company has been aggressive when it comes to international expansion. Coinbase is currently available in over 100 countries — 85 out of 103 countries…

As a founder, I mistook my work for self-worth – TechCrunch

Dale Stephens Contributor Dale Stephens was one of many first Thiel Fellows and ran an training firm for six years. As of late he works an govt coach, serving to entrepreneurs and executives develop as quick as their firms. As of late, most days are good days. My shoppers are founder and executives, I set my very own schedule, and I stay in a metropolis I really like. As an…

Why Om Malik thinks ‘the VC backed life is over’ – TechCrunch

Hi there and welcome again to Equity, TechCrunch’s enterprise capital-focused podcast, the place we unpack the numbers behind the headlines. This week we had the complete Fairness employees available to dig via the week’s information, helmed by Kate Clark and Connie Loizos with Alex Wilhelm within the studio too. Plus, Om Malik, a former scribbler and current venture capitalist, joined us to riff on the most recent. Earlier than we dig…

SoFi launches gig-focused ETF – TechCrunch

SoFi is without doubt one of the main fintech startups to emerge from San Francisco and breach the monetary markets. Initially began as a option to higher finance pupil debt, it has since expanded to incorporate merchandise focused at private loans and residential loans. In the present day, the corporate introduced a brand new index fund product centered on the gig economic system. GIGE, which trades on Nasdaq, is an…

Grocery startup BigBasket turns into India’s latest unicorn with new $150M funding – TechCrunch

India has a brand new unicorn after BigBasket, a startup that delivers groceries and perishables throughout the nation, raised $150 million for its combat in opposition to rivals Walmart’s Flipkart, Amazon and hyperlocal startups Swiggy and Dunzo. The brand new financing spherical — Sequence F — was led by Mirae Asset-Naver Asia Progress Fund, UK’s CDC Group, and Alibaba, BigBasket mentioned on Monday. The closing of the spherical has formally…

Will the Seattle tech scene ever attain its full potential? – TechCrunch

Greetings from Seattle, the land of Amazon, Microsoft, two of the world’s richest males and a few startups. I’m all the time stunned the Seattle startup ecosystem hasn’t grown to compete with the likes of Silicon Valley — or at the very least Boston and New York Metropolis — because the dot-com growth. As we speak, it’s the strongest it’s has been as a result of successes of firms just…

FreightHub, the European digital freight forwarder, collects $30M Sequence B – TechCrunch

FreightHub, the European digital freight forwarder, has raised $30 million in Sequence B financing. Main the spherical is Rider International — a enterprise fund mentioned to be based by logistics consultants — together with Maersk Progress, the company enterprise arm of container transport large A.P. Moller-Maersk. Current buyers Northzone, Rocket Web’s International Founders Capital (GFC), and Cherry Ventures additionally participated. I’m informed the London-based funding agency Unbound, based by Shravin…

Watch Fb’s F8 2019 keynote proper right here – TechCrunch

Facebook’s yearly developer convention kicks off in the present day. The keynote begins at 1PM / 10AM with opening remarks from Fb’s chief Mark Zuckerberg. As in previous years, the occasion will final a number of hours and have updates from varied Fb departments. This 12 months’s occasion comes as Fb is trying an formidable transition to a privacy-focused messaging platform. It’s a troublesome promote given the corporate’s latest historical…

How a blockchain startup with 1M customers is working to interrupt your Google behavior – TechCrunch

The antitrust argument that claims big tech needs breaking up to cease platforms abusing competitors and shoppers in a two-faced position as vendor and (manipulative) market could solely simply be getting happening a mainstream political stage — however startups have been on the coal face of the battle in opposition to crushing platform energy for years. Presearch, a 2017-founded, pro-privacy blockchain-based startup that’s utilizing cryptocurrency tokens as an incentive to…

Slack recordsdata to go public, studies $138.9M in losses on income of $400.6M – TechCrunch

Slack has filed to go public through a direct itemizing. Just like what Spotify did last year, which means that the corporate gained’t have a conventional IPO, and can as a substitute permit current shareholders to promote their inventory to buyers. The corporate’s S-1 filing says it plans to make $100 million price of shares obtainable, however that’s most likely a placeholder determine. The S-1 gives information concerning the firm’s…

Managed By Q launches a brand new job administration function for workplace managers – TechCrunch

Managed By Q, the workplace administration platform not too long ago acquired by WeWork, has at this time introduced the launch of Process Administration. The function involves Managed By Q by the use of Hivy, a startup acquired by MBQ back in 2017, that focuses on connecting an organization’s staff to the workplace supervisor that handles their requests. Pre-Hivy, gathering requests and monitoring initiatives throughout numerous staff was a tedious,…

From lab-grown meat to fermented fungus, right here’s what company meals VCs are serving up – TechCrunch

Joanna Glasner Contributor Extra posts by this contributor A record $2.5B went to US insurance startup deals last year, and big insurers are in all the way Space tech rockets higher In a foodie’s ultimate world, we’d all eat wholesome, minimally processed delicacies sourced from artisanal farmers, bakers and cooks. In the true world, nonetheless, most of us derive the lion’s share of energy from edibles equipped by a handful…

Fastly, the content material supply community, recordsdata for an IPO – TechCrunch

Fastly, the content material supply community that’s raised $219 million in financing from buyers (according to Crunchbase), is prepared for its shut up within the public markets. The eight-year-old firm is one among a number of companies that enhance the obtain time and supply of various web sites to web browsers and it has simply filed for an IPO. Media corporations like The New York Occasions use Fastly to cache…

VCs guess on hashish vaping, ED meds and cell fertility clinics – TechCrunch

Howdy and welcome again to Equity, TechCrunch’s enterprise capital-focused podcast, the place we unpack the numbers behind the headlines. This week was a little bit of a reunion with Kate and Alex on as typical, with the addition of Extra Crunch denizen extraordinaire Danny Crichton. Danny, you could recall, has been a semi-regular Fairness co-host over the previous 12 months. As Kate explains up entrance, Fairness is out a day early…