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Extra Crunch roundup: Fintech stays hot, Brex doubles, and startup IRR is up all over

By |April 30th, 2021|

Tech companies in Silicon Valley, the geography, have had an incredible year. But one indicator points to longer-term changes. The internal rate of return (IRR) for companies in other startup hub cities has been even better. A big new analysis by AngelList showed aggregate IRR of 19.4% per year on syndicated deals elsewhere versus 17.5% --> READ MORE

Analytics as a service: Why more enterprises should consider outsourcing

By |April 30th, 2021|

Joey Lei Contributor Share on Twitter Joey Lei is director of service management at Synoptek. With more than 14 years of experience in engineering and product management, Lei is responsible for the development and growth of the Synoptek service portfolio and solution development with strategic technology alliance partners. More posts by this contributor How startups --> READ MORE

Daily Crunch: Europe charges Apple with antitrust breach

By |April 30th, 2021|

Apple faces an antitrust complaint in Europe, TikTok has a new CEO and YouTube TV disappears from Roku. This is your Daily Crunch for April 30, 2021. Also, this is my last day at TechCrunch, and therefore my last day writing The Daily Crunch. It’s been a blast rounding up the news for all of --> READ MORE

What3Words sends legal threat to a security researcher for sharing an open-source alternative

By |April 30th, 2021|

A U.K. company behind digital addressing system What3Words has sent a legal threat to a security researcher for offering to share an open-source software project with other researchers, which What3Words claims violate its copyright. Aaron Toponce, a systems administrator at XMission, received a letter on Thursday from a law firm representing What3Words, requesting that he --> READ MORE

How UK-based Lendable is powering fintechs across emerging markets

By |April 30th, 2021|

What moves the needle for digital lenders is serving loans to their respective customers. But where does this money come from? The pool is usually equity or debt. While some lenders use the former, it can be seen as folly because, over time, the founders tend to lose ownership of their businesses after giving out --> READ MORE

Basecamp sees mass employee exodus after CEO bans political discussions

By |April 30th, 2021|

Following a controversial ban on political discussions earlier this week, Basecamp employees are heading for the exits. The company employs around 60 people, and roughly a third of the company appears to have accepted buyouts to leave, many citing new company policies. On Monday, Basecamp CEO Jason Fried anounced in a blog post that employees --> READ MORE

How to attract large investors to your direct investing platform

By |April 30th, 2021|

David Teten Contributor Share on Twitter David Teten is founder of Versatile VC and writes periodically at teten.com and @dteten. More posts by this contributor Should you give an anchor investor a stake in your fund’s management company? How VC and private equity funds can launch portfolio-acceleration platforms Many fintech startups have tried to become --> READ MORE

Facebook is buying the developer behind VR shooter ‘Onward’

By |April 30th, 2021|

After a steady stream of studio acquisitions in late 2019 and early 2020, Facebook has been a little quieter in recent months when its came to bulking up its VR content arm. Today, the social media giant breaks that stream, announcing their acquisition of Downpour Interactive, the developer of the popular VR first-person shooter Onward. --> READ MORE

Amid the IPO gold rush, how should we value fintech startups?

By |April 30th, 2021|

Allen Miller Contributor Share on Twitter Allen Miller is a principal at Oak HC/FT based in San Francisco. He invests in early- and growth-stage companies, with a particular focus on fintech. More posts by this contributor The last decade in real estate, and a peek into the next one 2019 looks to continue another lights-out --> READ MORE

Roc Nation’s VC Neil Sirni lays out his investment strategy

By |April 30th, 2021|

Jay-Z’s Roc Nation announced in 2017 that it was forming a venture investment arm called Arrive. And the firm has been busy since then — co-founder and president Neil Sirni said Arrive has made 29 investments thus far. At the same time, Sirni hasn’t really said much about those investments publicly, or about the broader --> READ MORE