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Hello and welcome to Daily Crunch from September 15, 2021. Today we have everything in the newsletter. Bad behavior in the crypto world? Yeah. Why might the Mailchimp deal make sense? You bet.
But before getting into the mix, a few TechCrunch notes. First, Jordan Crook’s regular series of ongoing discussions with investors and founders is now called TechCrunch Live. And Chamath Palihapitiya comes to Disrupt. Which is in less than a week!
Oh, and while you’re reading this, SpaceX’s first “fully civilian crew” may be taking off into space. In case you want to log in. – Alexis
The Top 3 TechCrunch
- Today in the bad actors: Do you want to know if you are living in an overheated time? Check to see if there is an increase in fraud and associated bad behavior. And oh boy, was there any news on the last day. Startup App Annie will pay $ 10 million in SEC fines for securities fraud. Which is not good. And the NFT OpenSea Marketplace ate a crow buffet earlier today when he admitted that a company executive was NFT’s sales leader. ??
- Maybe the Intuit-Mailchimp deal isn’t stupid? Of course, TechCrunch’s first reaction to the news that TurboTax’s parent company, Intuit, wants to spend $ 12 billion on Mailchimp was skeptical. But Ron Miller touched a bunch of smart people, and there were more positive feelings to be recorded than we might have guessed.
- Tech companies are still on the stock market: We’re waiting for Toast and Freshworks and Warby Parker to debut, but the other companies aren’t waiting for a clear news cycle. The secondary market for Forge shares goes public through a SPAC, we had take a look.
Startups / VC
First, more news from the BNPL beat. Yes, the payment method for a multi-installment transaction is still in the news. This time, it’s Ascend that is raising $ 5.5 million to bring BNPL’s services to the world of commercial insurance. Recent liquidity in the FinTech market could help spark new interest in businesses in the coming quarters.
- Sendcloud raises $ 177 million for SaaS: No no this SaaS. Shipping as a service, in the Sendcloud space. The Dutch start-up now flush with SoftBank’s cash “has built a service [that provides] a cloud-based platform to easily organize and perform shipping services by choosing from a wide range of carriers and other options. ” it’s ringing a bit like a European Shippo?
- Rivian proves it’s not vaporware: After raising a capital of dump trucks, the first production The R1T electric pickup went off the line. It’s a big time for the company and it sets Rivian apart from a host of other EV companies hoping to reach their new milestone. Apparently there is also a color called Rivian Blue, and I am here for that.
- Clubhouse is hiring an Information Officer: NPR veterinarian Nina Gregory has taken on the role of Clubhouse’s chief news and media editor, TechCrunch reports. Its role will be to work with both the social platform and the press organizations. Maybe his job would be a little easier if Clubhouse funder a16z weren’t so hostile to the media. But, hey, leasing always makes good sense.
- Speaking of current affairs, SmartNews is now worth $ 2 billion: Sure, media is a junk business – primarily – but maybe media aggregation is the golden ticket. Investors just put $ 230 million in news aggregator SmartNews, giving it a shiny new valuation. I have a soft spot for SmartNews as we partnered with them back in the days of Crunchbase News, but after that I’m impressed and curious how it will generate the income necessary to exceed its new price.
- Airbase further differs from Brex, Ramp: Business Spending Wars are a lot of fun as there are a number of startups in the space that are growing quickly, raising money and making deals. And they are carving out their market more and more. Airbase has just built new capabilities that could help it attack larger customers than some of its rivals seem to have in mind.
- Finally today, Inspired Capital raised a second fund just two years after the first.
5 things you need to win your first customer
Congratulations on shipping your product, but what do you know about your target customers?
Companies that haven’t created an ideal customer profile and performed a SWOT analysis are betting big on guesswork and intuition. Sometimes it works, but more often it leads to tears.
In a guest post that walks readers through the fundamentals of building customer contacts that match your business goals, Bryan Dsouza, product marketing manager at Grammarly, shares five basic requirements for customer acquisition.
“Understanding and doing these things can ensure that the first customer wins, as long as you do them right and with sincerity,” he says. “Your investors will also see the fruits of your labor and feel reassured that their dollars are being put to good use. “
(Extra Crunch is our membership program, which helps founders and startup teams move forward. You can register here.)
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