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Hello and welcome to the Daily Crunch on October 8th, 2021! It’s Friday! arrived! If you’re tired, think about how tired your Instagram team must be. Their service is having more uptime issues this afternoon. It’s the week of the Zuckerberg Empire’s flag, until users announce that they are no longer allowed to sell parts of the Amazon rainforest. Now let’s talk about technology! – – Alex
TechCrunch Top 3
- Elon’s Mysterious Gas: SpaceX’s big plan for the largest rocket lacks some details about where it intends to find the tens of millions of cubic feet of natural gas it needs. Sure, Tesla doesn’t use gasoline, but SpaceX leaves some question marks in the draft Program Environmental Assessment (PEA) on flammable gases that we’re having trouble with.
- European startups set up to receive pre-seed boosts: The early founders of Europe are trying to introduce some new accelerators in their neighborhood, courtesy of Techstars. Accelerator Collective has launched programs in Paris (again) and Stockholm, in addition to its current continental efforts. According to Techstars CEO, Europe today has far more founders than it is in service. Despite record venture capital sums..
- Tesla relocates headquarters to Texas: Oh, tax. Tesla will relocate its headquarters from a traditional California home to Austin, Texas, but will not stop investing in the West Coast. In fact, TechCrunch reports that the company intends to “increase production at Fremont Gigafactory by 50%.” So Texas tax. That seems to be this movement.
Startup / VC
- TechCrunch Annie Nyanja “Economic growth and rapid expansion of digital and mobile services” across markets such as Kenya and Africa Leading to a boom in InsurTech products.. Insurtech has proven to be a fertile land for both North American and European founders and investors. So why doesn’t Africa do that either? African start-ups have proven to be strong in the fintech market, perhaps delaying entry into InsurTech.
- Today’s Tiger Round is actually the news of an imminent round. in short, Investment Impresario may invest capital to work in slices.. Slice is an Indian company trying to increase the use of credit cards in India. Tiger could invest $ 100 million in the company, according to a TechCrunch report. Manish Singh wrote on his blog that Slice “raised about $ 30 million in a previous equity finance round and was worth less than $ 200 million in a round earlier this year.” More soon I will think. (Note: American pizza software service Slice is not the same as Slice above, and note that startups need to come up with a more explicit name!)
- next: Alpha Paw raised just $ 8 million.. If you’re ready to mock pet wellness startups to raise venture capital funding, I can say you’ve never been to a vet recently. If you can keep your pet healthy, you may be able to save a lot of money. Specifically, Alpha Paw “provides pet products for dogs and cats, including foods and supplements customized with pet breeds in mind.” Given that about half of my generation has more dogs than children (my home currently has a score of 3-0), AlphaPaw is fully prepared to raise another $ 800 million by December. I’m looking forward to it.
- Today, we conclude the startup coverage. Productfy Raised $ 16 Million For banking (BaaS) products as its service. I have to admit that I’ve lost sight of all the various BaaS (pronounced like fish) startups out there. They all seem to be able to raise money, so they need growth to share. But will we see BaaS integration in due course? Finally, there’s a small move in the hot OKR startup space, and BaaS feels even more crowded. However, at this point, Productfy says, “According to founder and CEO Duy Vo, we aim to highlight our mission to build DeFi for traditional finance.” Mary Ann Azebed..
Private equity is ready to take MSP integration to the next level
The good news: Companies of all kinds are digitizing their operations faster than ever before, which is a huge benefit to those who get started right away.
Bad news: Many technicians are already looking for new jobs. Enterprises need to compete to find the right people to build a robust and secure IT environment.
Managed service providers (MSPs) are closing the gap and private equity firms are paying attention.
“MSP has all the elements that private equity loves,” writes Mike McGill and Kevin Jolley of Cowen and Company, LLC.
“Strong demand trends, low risk of obsolescence,” sticky “services that attract long-term customers and high recurring revenue, strong cash flow margins, and relatively” low-asset “businesses. “
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We continue to add content to the growth marketing space. Check out this article on Jonathan Martinez’s TechCrunch +. “Five common growth marketing mistakes startups make.” If you have a growth marketer that you think you should know Please let me know.
Questions raised over natural gas fuel source for Elon Musk’s Texas spaceport – TechCrunch Source link Questions raised over natural gas fuel source for Elon Musk’s Texas spaceport – TechCrunch
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