Technical Crunch The biggest and most important stories to get to your inbox every day at 3 pm PDT, subscribe here.
Hello and welcome to October Crunch for October 8, 2021! It’s Friday! We did it! If you are tired, think about how tired the Instagram team is. This afternoon their service has more seasonal problems. In the meantime, it is Banner Week for Zuk State, announcing that users will not be allowed to sell beets in the Amazon jungle. Let’s talk about technology now! – Alex
TechCrunch Top 3
- Elon’s secret gas; The big plans from SpaceX for the big rockets miss out on a few details of the company’s plans to get tens of millions of cubic feet of natural gas. Of course, Tesla is fuel-free, but SpaceX has left some question marks in the draft program environmental review (PAA) regarding the combustible gas that we scratch our heads on.
- European startups are ready to accept pre-race growth: In Europe, early founders are looking for a few new emergencies in the area of texting. In addition to the ongoing efforts on the continent, the Accelerated Team will open programs in Paris (again) and in Stockholm. At Texster’s CEO, although there is a record capitalization, there are now more founders in Europe than there are.
- Tesla to relocate its headquarters to Texas Ah, taxes. Tesla will relocate its headquarters to Austin, Texas, from its traditional California home, but will not stop investing in the West Coast. In fact, the company “plans to increase its production at the Fremont Gigabyte factory by 50%,” TechCrunch reported. So, Texas Tax. That’s what this step looks like.
Start / VC
- TechCrunch’s Annie Njanja In markets such as Kenya and Africa, “economic growth and the rapid expansion of digital and mobile services” could lead to violence in products. Insuretek has also established fertile land in North America and Europe by founders and investors. So why not Africa? African startups have proved to be strong in the Fintech market, so perhaps the pressure on imtech is over.
- Today’s tiger round is certainly news of the upcoming round. That means investment investment can make it work in capital slides. Piece is an Indian company that wants to strengthen the use of credit cards in the country. According to TechCrunch, a tiger could cost the company $ 100 million. Manish Singh wrote for the blog Slice: “In the previous round of equity financing, it raised about $ 30 million, and earlier this year it was estimated at less than $ 200 million. Soon, I guess. (Note: The piece, the American Pizza software service, is not the same as the piece above. Note that starters should come up with more different names!)
- Next up – Alpha Pow, with only $ 8 million raised. If you are ready to mock the beginnings of pet welfare to raise money for activity capital, I can say that you did not go to the veterinarian soon. If you can keep your pets healthy, you may be able to save a lot of dollars. Alpha Paw offers “advanced supplements for pet dogs and cats, such as food and pet breeds.” With half a generation having more dogs than children (the current score is 3-0 at home), I fully expect the Alpha Pow to increase by $ 800 million in December.
- Closing our startup coverage today, Productfy raised $ 16 million for BaaS. I have to admit I missed all the amazing BaaS (so-called fish) startups out there. Everyone seems to be able to raise capital, so there must be growth to participate. But will we see BaaS reinforcement later? Finally, we’re seeing a little movement in the tropical OKR startup, and BaaS feels more congested. For now, however, the product “aims to stand out from its mission to build DeFi for Traditional Finance,” according to founder and CEO Duo Va. Mary Ann Azevedo.
Personal equality is ready to take MSP consolidation to the next level
The good news is that all-scratch businesses are digitalizing their business faster than ever, creating huge benefits for companies that are just starting out.
The bad news – many technicians are already looking for new jobs, and companies must compete to find the right people who can build strong, secure IT environments.
Managed Service Providers (MSPs) are filling the gap and private corporations are also paying attention.
Mike McGill and Quinn & Co., L.C.
“Strong demand trends, low risk of aging, long-term customers and high recurring revenues, strong cash flow margins and relatively ‘property-light’ business attractive ‘sticker’ service.
(TechCrunch + is our membership program to help found founders and startup teams in the future. You can register here.)
Big Tech Inc.
If you have a software consultant that other startups think you should know, complete the survey here.
Read one of the certificates we received below!
Recommended by: Garland Khan, Consultant
Testimony: “[They have] An in-depth understanding of cloud technology and how to use it in conjunction with open source software to provide us with measurable but easy to understand and repair infrastructure. They were literally trying to get old! ”
We will continue to add content to our growth marketing vertically. Check out this article on TechCrunch + from Jonathan Martinez – “5 Common Growth Mistakes Startup”. Let us know if there is a growth market we need to know.