Daily Archives: May 11, 2020

13 posts

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Clyde raises $14 million Series A to help e-commerce businesses offer extended warranty plans

Four years ago, Brandon Gell was an architecture student who spent most of his time working on 3D printing modular housing. Now, he’s the founder of Clyde, an extended warranty startup that wants to help small e-commerce businesses offer product protection. Today, the company announced it has raised a $14 […]

Facebook and Instagram add new features to help you find and support local businesses

Facebook is announcing a handful of new features that will allow users to show their support for small businesses and get the latest updates as those businesses deal with the fallout — economic and otherwise — of the COVID-19 pandemic. The social network is introducing a new section called Businesses […]

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Fintech startups amass war chests for the economic downturn

Consumer fintech startups were massively successful in 2019, attracting millions of new users and disrupting traditional retail banks and financial services with mobile-first, consumer-oriented products. Despite the economic downturn in public markets and the massive wave of cuts at public and private companies in recent weeks, fintech startups have been […]

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Spotify officially launches a shared-queue feature called Group Session

Spotify is introducing a new feature, Group Session, that will allow two or more of its Premium users in the same space to share control over the music being played. Essentially a “party mode” of sorts, Group Session participants can control what’s playing in real time as well as contribute […]

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MemSQL raises $50M in debt facility for its real-time database platform

As a number of startups get back into fundraising in earnest, one that is on a growth tear has closed a substantial debt round to hold on to more equity in the company as it inches to being cash-flow positive. MemSQL — the relational, real-time database used by organisations to […]

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Kingsoft Cloud IPO Defies Expectation as Vroom angles for debut

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Last Friday something very odd happened: the public debut of Kingsoft Cloud, a company that we’ve covered before. I’m nigh-incredulous about this IPO for the host of issues that we […]

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Mnuchin: California should prioritize helping Musk reopen Tesla

U.S. Treasury Secretary Steve Mnuchin sided with Tesla in its ongoing fight with Alameda County. Speaking to CNBC, Mnuchin said that California needs to work with Tesla so Musk can quickly and safely open Tesla’s Fremont factory. This comes after Musk sued the county it operates in to allow Tesla […]

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Vista Partners founder calls for a fintech revolution to help pandemic-hit, minority-owned small businesses

The head of what is arguably private equity’s most successful technology investment firm — Vista Equity Partners — made a rare appearance on Meet The Press to discuss the steps that the country needs to take to help minority-owned businesses recover from the economic collapse caused by the COVID-19 epidemic. […]

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Seven viral futures

Jon Evans Contributor Jon Evans is the CTO of the engineering consultancy HappyFunCorp; the award-winning author of six novels, one graphic novel, and a book of travel writing; and TechCrunch’s weekend columnist since 2010. More posts by this contributor Let housing rise from the empty offices and malls Magic Leap’s […]

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Sequoia’s Roelof Botha is more optimistic about startups today than he was a year ago

“I just think change unfairly favors the startup, the nimble small company,” says Roelof Botha. The Sequoia partner, whose portfolio includes Unity, 23andMe, Instagram, Instacart, Xoom and YouTube, says he’s hopeful about the opportunities this pandemic has created for companies across a variety of sectors, including healthcare, cloud computing, social […]