Steve Case is trying to make money with founders outside Silicon Valley; his plan is starting to work

Steve Case, the cofounder of America Online, the investment firm Revolution, and its offshoot seed-stage arm Rise of the Rest, has a new book out called Rise of the Rest: How Entrepreneurs in Surprising Places are Building the New American Dream. In it, Case argues that Covid was a “shake the globe” moment for entrepreneurship, … Read more

The ‘ideal runway’ is a myth, isn’t it?

When it comes to advice, tech loves standardization. Startups are often told that there are certain metrics to hit, deadlines to meet, timetables to measure themselves against. Examples abound: Here’s the ideal amount of money to raise at your Series A round; here’s how many employees you should have before hiring this executive; here’s what … Read more

Triller settles lawsuit with Timbaland and Swizz Beatz

Last month, Grammy-winning artists Timbaland and Swizz Beatz sued TikTok competitor Triller for $28 million. Triller acquired their livestream event series Verzuz last year, but the two musicians alleged that the social app had missed several large payments, prompting them to file a lawsuit. Now, Triller has settled with Timbaland and Swizz Beatz, but the … Read more

Byju’s clears $230 million payment to Blackstone for $1 billion Aakash deal

Byju’s has cleared all its dues to Blackstone by paying $234 million it owed the global investment giant for the $1 billion acquisition of Aakash, a source familiar with the matter told TechCrunch, addressing one of the criticisms levelled against the Indian edtech giant in recent months. The Bengaluru-headquartered startup, valued at $22 billion, had … Read more

FTX, Uniswap and Visa talk blockchain economy and opportunity at Disrupt

Whether you’re bullish or bearish, web3-native or web3-naive, you have to admit nothing remains the same for long in the growing blockchain, crypto, NFT and web3 universe. And the entirety of the rapidly evolving space is under increasing scrutiny — both public and regulatory. This constant change, combined with plenty of controversy, are just two … Read more

The case for US venture capital outperformance

John Zic Contributor Share on Twitter John Zic is a partner and founding team member at EQUIAM. He spends most of his time wrestling with fragmented and imperfect private market data in a never-ending effort to derive market-beating investment signals. Shachi Shah Contributor Shachi Shah is director of business operations at EQUIAM. She is passionate … Read more

TechCrunch+ roundup: LatAm startup strength, global chip shortage, Visa Bulletin update

“You had one job” might be funny when a birthday cake decoration goes wrong, but if we’re talking about executives who don’t show up for board meetings, the stakes are much higher. “Disengaged or dysfunctional boards aren’t just bad for CEOs and LPs; they’re bad for everyone,” writes Matt Blumberg, co-founder and CEO of Bolster, … Read more

Declining VC investment into LatAm startups could throttle digital growth

This column is fascinated by Latin America, a region of the world rich in history, culture and, recently, a massive boom in technology company formation and financing. The period of rapidly accreting venture capital activity, however, is slowing. Fast. The declines in capital availability, as far as TechCrunch can see, will not prove lethal. However, … Read more

Volkswagen and Belgian utility giant partner on vehicle-to-grid energy storage

Volkswagen is partnering with a Belgian network operator to integrate electric vehicles into the power grid, as more EVs take to the road amid rising energy costs. Volkswagen’s charging unit Elli and re.alto, a startup owned by Brussels-based Elia, signed a memorandum of understanding on Friday to collaborate on ways to integrate EVs into the … Read more

A guide to Low Power Mode on the Apple Watch

Battery life has long been the Apple Watch’s biggest drawback. The issue only became more pronounced when the company went all-in on sleep-tracking with watchOS 7 in 2020. Rather than increasing the mAh on the hardware, Apple presented a workaround: an alert that pops up if the user dips below a certain percentage before bed … Read more

Arjun Sethi’s crypto derivatives protocol Nibiru raises maiden funding at $100M valuation

Nibiru, a new crypto derivatives protocol co-founded by Tribe Capital GP Arjun Sethi, has raised $7.5 million seed funding at a valuation of $100 million, two sources familiar with the matter told TechCrunch. Tribe Capital, Republic Crypto and Kraken invested in the seed round, a source said, requesting anonymity as the information is not public. … Read more

A Strava co-founder races into a lucrative market – lending against life insurance

Mark Shaw likes running around. The serial entrepreneur joined activity and fitness tracking platform Strava as a co-founder in 2009 to lead engineering as CTO. He spent eight years there, and as of its most recent raise in 2020, Strava had reached 70 million members globally and amassed an almost cult-like following from its users, … Read more

Tesla countersues civil rights agency behind racial bias suit

Tesla couldn’t get a judge to dismiss a case alleging racial bias at the automaker’s Fremont factory last month, so the automaker is now countersuing the agency responsible instead. The luxury electric vehicle maker on Thursday filed a complaint in state court in Alameda County saying the California Civil Rights Department (CRD) adopted “underground regulations” … Read more

Italy fires Meta urgent request for info re: election interference measures

Days ahead of the Italian general election, the country’s privacy watchdog has sent Facebook’s parent (Meta) an urgent request for information, asking the social media giant to clarify measures it’s taking around Sunday’s election. The risk of election interference via social media continues to be a major concern for regulators after years of rising awareness … Read more

UK mini budget: Government to boost gigabit broadband by easing access to infrastructure on private land

The U.K. government has announced plans to make it easier for telecoms operators to access telegraph poles on private land, representing part of a broader push to bring high-speed broadband to all corners of the country. The announcement was made as part of the U.K.’s so-called “mini budget,” which was partly set up to address … Read more

Kenyan startup Ponea gaining momentum in driving access to medical services

Serial Kenyan tech entrepreneur Mike Macharia has spent the last two decades helping enterprises like East Africa’s biggest telco Safaricom to create infrastructure that bolsters their growth. His firm, Seven Seas Technologies, has previously worked with governments too — having been involved in the initial implementation of the decentralized service delivery hubs – Huduma Centres, … Read more

Backed by Epic Games, distributed computing startup Hadean nabs $30M to power the metaverse

Hadean, a U.K.-based distributed, spatial computing startup that’s setting out to build the infrastructure for the burgeoning metaverse, has closed a $30 million seres A round of funding from a high-profile cast of investors including Epic Games and Tencent. Founded out of London in 2015, Hadean started out with a broad mission to put “supercomputer … Read more

Breaking Bad creator is making a new show for Apple TV+ with Rhea Seehorn

Apple TV+’s original programming has received a major boost with the company landing a deal with “Breaking Bad” and “Better Call Saul” creator Vince Gilligan. Apple signed a two-season deal for his new project — dubbed as a grounded drama —that will be unrelated to two hit series. Deadline, which first reported the development, noted … Read more

Cloud kitchen startup CloudEats raises more capital to ramp up Southeast Asian expansion 

A cloud kitchen — also known as a ghost kitchen or a shared kitchen — offers restaurant owners and food entrepreneurs a commercial kitchen space at a reduced cost for food delivery and takeout. This trend has been circling around the restaurant industry. More food entrepreneurs are turning to cloud kitchens to reduce their operation … Read more