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Saturday, June 6, 2020

Startups Weekly: The George Floyd protests come home to the tech industry

The tech industry has generally wished that structural discrimination would go away, while pretending that it already has. But technology can be used by anyone for anything. And so, the world has watched video after video of police brutality against Black people in a real-time stream that plays through the closing days of quarantine, culminating in the death of George Floyd and ongoing protests. As employees have left their remote offices to hit the streets, even executives at the largest tech companies —who would usually avoid such complications...

This Week in Apps: Protests impact app stores, FTC fines app developer, kids’ app trends

Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using apps, rivaling TV. Apps aren’t just a way to pass idle hours — they’re a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher...

This Week in Apps: Protests impact app stores, FTC fines app developer, kids’ app trends

{rss:content:encoded} This Week in Apps: Protests impact app stores, FTC fines app developer, kids’ app trends https://ift.tt/30reHTR https://ift.tt/2Bxxr9w June 06, 2020 at 04:37PM Welcome back to This Week in Apps, the Extra Crunch series that recaps the latest OS news, the applications they support and the money that flows through it all. The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using...

Friday, June 5, 2020

The accelerating digital transformation, redux

Earlier this week, TechCrunch covered a grip of earnings reports showing that some companies helping other businesses move to modern software solutions are seeing accelerated growth. Inside the Software as a Service (SaaS) world, this is known as the digital transformation. Based on how many software companies are talking about it, the pace of change is only picking up. But since we published that first entry, a number of SaaS companies that have posted financial results seemed to disappoint investors. Seeing some companies in the high-flying sector...

TaxProper raises $2M to automate getting your property taxes lowered

If you own your home, how much do you pay for property taxes? Too much? Sounds about right. If you disagree with how much you’re paying in property taxes, you can appeal the assessment. Most people don’t, though — perhaps because they are unaware they can, or because they just don’t have the time to deal with the lawyers and paperwork. TaxProper, a company out of Y Combinators Summer 2019 batch, has raised $2M to simplify the process. The round was led by Khosla Ventures, backed by Global Founders Capital, Clocktower Ventures, and a handful of...

Portobel turns food producers into direct-to-consumer businesses

A startup called Portobel is working to help food producers shift their businesses so they can support direct-to-consumer deliveries. Portobel is backed by Heroic Ventures and led by Ranjith Kumaran, founder or co-founder of file-sharing company Hightail (acquired by OpenText) and loyalty startup PunchTab (acquired by Walmart Labs). Kumaran told me that he and his co-founders Ted Everson and Itai Maron started out with the goal of improving the delivery process by using low-cost, internet-connected devices to track each order. As they began...

Alexis Ohanian steps down from Reddit board, asks for his seat to go to a black board member

Alexis Ohanian, the founder and former CEO of Reddit, stepped down from his position on the company’s board Friday as the U.S. roils with nationwide protests against police brutality after Minneapolis police killed George Floyd, an unarmed black man. Ohanian is calling on the company he founded to fill his position with a black board member, a high-profile step for a company with its own rocky track record around issues of race. I've resigned as a member of the reddit board, I have urged them to fill my seat with a black candidate, + I will use...

Join Eventbrite CEO Julia Hartz for a live Q&A: June 11 at 3 pm EST/Noon PDT/7 pm GMT

One of the earliest disruptions created by the novel coronavirus manifested in the form of event cancellations. Some of the world’s biggest tech conferences, like F8 and Google NEXT, got postponed and others turned to digital options to still connect. Even Disrupt is going digital this year. It is an unprecedented time for the events world, so we are bringing someone right in the center of it to our Extra Crunch Live stage: Eventbrite CEO Julia Hartz. In fact, Extra Crunch members can ask their own questions directly to the CEO and are encouraged...

Daily Crunch: Twitter has a record week

Twitter sees record downloads, Signal adds a new face-blurring feature and Facebook rethinks its approach to government-backed media. Here’s your Daily Crunch for June 5, 2020. 1. Twitter has a record-breaking week as users looked for news of protests and COVID-19 Civil unrest due to the nationwide George Floyd protests drove Twitter to a record number of new installs this week, according to data from two app store intelligence firms, Apptopia and Sensor Tower. While the firms’ exact findings differed in terms of the total number of new downloads...

Join Eventbrite CEO Julia Hartz for a live Q&A: June 11 at 3 pm EST/Noon PDT/7 pm GMT

One of the earliest disruptions created by the novel coronavirus manifested in the form of event cancellations. Some of the world’s biggest tech conferences, like F8 and Google NEXT, got postponed and others turned to digital options to still connect. Even Disrupt is going digital this year. It is an unprecedented time for the events world, so we are bringing someone right in the center of it to our Extra Crunch Live stage: Eventbrite CEO Julia Hartz. In fact, Extra Crunch members can ask their own questions directly to the CEO and are encouraged...

What grocery startup Weee! learned from China’s tech giants

When Larry Liu moved to the U.S. in 2003, one of the first challenges he experienced was the lack of Chinese ingredients available in local groceries. A native of Hubei, a Chinese province famous for its freshwater fish and lotus-inspired dishes, Liu got by with a limited supply found at local Asian groceries in the Bay Area. His yearning for home food eventually prompted him to quit a stable financial management role at microcontroller company Atmel and go on to launch Weee!, an online market selling Asian produce, snacks and skincare products. Like...

How to get the most from your corporate VC after you get the check

Scott Orn Contributor Share on Twitter Scott runs operations at Kruze Consulting, a fast-growing startup CFO consulting firm. Kruze is based in San Francisco with clients in the Bay Area, Los Angeles and New York. More posts by this contributor 15 things founders should know before accepting funding from a corporate VC What should startup founders know before negotiating with corporate VCs? Bill Growney Contributor Share on Twitter Bill Growney, a partner in Goodwin’s Technology & Life Sciences group, focuses his practice on...

15 things founders should know before accepting funding from a corporate VC

Scott Orn Contributor Share on Twitter Scott runs operations at Kruze Consulting, a fast-growing startup CFO consulting firm. Kruze is based in San Francisco with clients in the Bay Area, Los Angeles and New York. More posts by this contributor 15 things founders should know before accepting funding from a corporate VC What should startup founders know before negotiating with corporate VCs? Bill Growney Contributor Share on Twitter Bill Growney, a partner in Goodwin’s Technology & Life Sciences group, focuses his practice on...

The IPO window is open (again)

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. ZoomInfo went public yesterday. After pricing its IPO $1 ahead of its proposed range at $21 per share, the company closed its first day’s trading worth $34.00, up 61.9%, according to Yahoo Finance. Then the company gained another 5.2% in after-hours trading. Whether or not you feel that this SaaS player was worth the revenue multiple its original, $8 billion valuation dictated — let alone that same multiple times 1.6x — the message...

PhotoRoom automagically removes background from your photo

Meet PhotoRoom, a French startup that has been working on a utility photography mobile app. The concept is extremely simple, which is probably the reason why it has attracted a ton of downloads over the past few months. After selecting a photo, PhotoRoom removes the background from that photo and lets you select another background. When you’re done tweaking your photo, you can save the photo and open it in another app. “My original vision comes from my time when I was working at GoPro,” co-founder and CEO Matthieu Rouif told me. “I often had...

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