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In this week’s equity The reason why Metaverse inevitably appears in “squid games”. Specifically, through the lenses of startups and Big Tech, we investigated how the game world is changing.
For example, Netflix Recently scooped up the first game studio.. I had some questions about the quality of streaming, but after realizing that Netflix could turn the original content (that is, squid games) into a highly produced video game, I was convinced of the synergies.Also, how did you deal with it? Apple is the biggest game giant of all of them And a 30% app store reduction may have something to do with it.Finally, in the startup world, the rise of the Metaverse and how Andressen Horowitz There is a new fund focused on gamesThere is no partner to lead it, but in addition there are many attractive initial investments.
I’m not a gamer.And that’s partly the reason This episode was fun to record. I learned how the industry has evolved from an instantly popular crappy indie game to a full-fledged production that repeatedly sneaks up to stay fresh (and make money).
This sector reduces the risk of creators and venture capitalists. This means that more money will start a wave of new studios and services. From NFTs to edtech to cloud infrastructure regeneration, expect the industry to work with other trends in technology today.
The rest of this newsletter will feature this week’s startups, S-1, and the community as buzzwords.
And the beginning of this week …
Charo! Besides having a lovely name that means “let’s go” in Hindi, Chalo is a startup that wants to tackle the inefficiencies of Indian buses. Startups that deploy GPS machines on buses and offer nifty apps This week’s $ 40 million Series C.
Here’s what you need to know: Actions can be more important than numbers. As part of a new funding round, the startup has announced that it will use $ 10 million in revenue to buy back stock options to reward current and former employees and some early angel investors. The founder’s move is flexible and evidence of India’s maturity as a startup ecosystem.
My other candidates:
Rivian IPO filing
We love late Friday submissions to regulatory agencies. That’s exactly what Rivian did when he submitted the S-1 last week. Through numbers and strategies, EV companies helped to understand how much it would cost to build a business, why the market size estimate is BS, and whether Tesla and Amazon are the protagonists or side businesses.
Rivian’s S-1 filing has 81 references to Amazon. Amazon is a large number because it is both an investor and a customer in the company. For each filing, Amazon owns at least 5% of Rivian, but the final number is not yet available. Ford also holds over 5% stake, along with many investors.
Therefore, Rivian’s bet on an IPO is the majority of Amazon’s bet that it will actually buy the expected 100,000 vehicles, adding a timeline and price that will help Rivian. There is plenty of room for pear-shaped between the 10 vehicles delivered in December 2021 and the remaining 99,990 vehicles that Rivian plans to deliver to one of its major shareholders.
And the wheels turn:
Is it a community or a customer?
There is a subtle difference between fostering a subtle and diverse community and creating flashy terms to describe the most loyal customers.We talked about Watering down the term “community” in this week’s equity. Contrary Capital, which funds student entrepreneurs and star employees in the enterprise, Closed the second fund.
Here’s what you need to know: On the contrary, a community of 350 students, also known as investment partners, want to get together and give advice (and eventually invest). Approximately 45% of the cohort is female and 65% are non-white. But, as the opposite founder Eric Tartinsky said, he isn’t blamed if none of those students find the next stripe. He wants the community to be filled with talented individuals. And even if they don’t start their own projects, he collects a database of some useful potential employment for poaching his own portfolio.
Creek, Creek, Creek:
TechCrunch Sessions is back, and we’re starting with SaaS! Join us on October 27th to explore, discuss and ask questions about the competitive areas of software as a service development. My colleagues have brought together some of the most famous figures in the industry, including Sarah Guo from Graylock, Kathy Baxter from Salesforce, and Daniel Dines from UiPath.
This is the whole final agenda TC session: SaaS. As a kicker, interested people can still scoop up a $ 75 early bird ticket. Book yours and save $ 100 before the price goes up!
Throughout the week
Seen on TechCrunch
Twitch Streamer responds after a large amount of creator’s payment data is leaked
Elon Musk announces relocation of headquarters to Tesla in Austin
Instacart Acquires Catering Software Company FoodStorm
Why general marketing approaches don’t work for software developers
Telegram says it added 70 million users on the day of Facebook and WhatsApp outages
Seen on TechCrunch +
Coinbase CEO Brian Armstrong may not be enjoying his work.
SaaS subscription may not be servicing customers
Do athletic numbers really look good?
Why Techstars is doubling in Europe
VCs say there are more startup opportunities to chase in Latin America
There’s always a startup angle (even with ‘Squid Game’) – TechCrunch Source link There’s always a startup angle (even with ‘Squid Game’) – TechCrunch
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