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Friday, July 29, 2022

Mac sales down 10%, iPhones up 3% — Breaking down Apple's quarterly numbers

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By Haje Jan Kamps

Friday, July 29, 2022

Good morning, you wonderful specimens of humanity! It's Friday, and I'm writing this from the hammock in my sunny North Oakland garden, so life ain't all that bad. (I can only assume that WFH stands for Work From Hammock).

This weekend, earmark a bit of time to apply to our Startup Battlefield 200. It gives you the chance to exhibit your startup for free at TechCrunch Disrupt in October and win the $100,000 prize. Applications close August 5, so get cracking!

Have a good one, and see you next week! — Haje

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Image Credits: NurPhoto / Getty Images

The TechCrunch Top 3

Siemens Xcelerator

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Startups and VC

It's all go, go, go in the world of insurance. Mary Ann reports that Lemonade acquired Metromile and promptly laid off about 20% of its staff. Makes sense, of course, in a world where there's probably a fair amount of administrative and operational overlap between the two companies, but it's always sad to say goodbye to beloved colleagues.

And don't miss Aria's piece about how the Exploration Company is developing a brand-new reusable orbital spacecraft. "The [space] exploration ecosystem is going to change dramatically in the probably next 10 to 15 years," co-founder and CEO Hélène Huby explained. "If you make it happen, you have a huge advantage of being one of the first in the market."

A few more nuggets to take you into the weekend:

All my apes gone: Legal disputes at the intersection of IP and NFTs

When Andy Warhol appropriated images of Campbell’s Soup in 1962, he was lucky: For a host of reasons, the company decided not to sue him for infringing its trademark.

One wonders how the situation would have played out 60 years later if Warhol had minted a series of NFTs with the iconic soup labels, however.

In her latest TC+ post, CORPlaw founder Kristen Corpion examined “the most interesting and important IP legal issues that are currently impacting the creation, transfer and use of NFTs,” including trademark infringement, the first sale doctrine and why Seth Green ended up paying a $100,000 premium to buy back his stolen Bored Ape.

(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

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All my apes gone: Legal disputes at the intersection of IP and NFTs image

Image Credits: Bryce Durbin / TechCrunch

Big Tech Inc.

It's never gonna give you up. It'll make an effort to never let you down. It probably won't run around and desert you. But TikTok may be considering a music service, report Aisha and Ivan in an article that unfortunately falls short of the mandatory quota of musical puns. Don't worry, folks, I'll talk to her about it.

Meanwhile, Annie reports that Kenya is contemplating giving Facebook a smack with the ban-hammer, after the country's National Cohesion and Integration Commission finds that the social media platform isn't doing enough to clear out hate speech.

Read more stories on TechCrunch.com

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Thursday, July 28, 2022

Indian government orders Apple, Google to delist popular game BGMI from app stores 

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By Haje Jan Kamps

Thursday, July 28, 2022

Why, hello there, and welcome back to another installment of the Daily Crunch! It's lovely to have you here with me. Also, give Freelance Whales a listen. I discovered the band when I was going to play a different (also excellent) song, Freelance, for a friend. Gotta love a lucky coincidence. This is also, incidentally, how I discovered the band Queensrÿche — I was looking for some Freddie Mercury, but ended up with a new heavy metal band to love. What's your favorite accidental discovery?

Oh! And did you know — our Found podcast debuted its new mini-sodes, where they check in with past guests to see how founder life is going. In the first installment, Maggie Stamets speaks with our very first guest: Iman Abuzeid from Incredible Health, which helps nurses get connected to better jobs and career growth opportunities.

Okay, enough with the asides, we have serious tech bidniss news to share. Let's goo~oooooo — Haje

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Image Credits: Soumyabrata Roy / NurPhoto / Getty Images

The TechCrunch Top 3

Your Guide to Customer Messaging

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Startups and VC

Fly.io co-founder and CEO Kurt Mackey says that developers don't really understand the term “edge computing,” Ron reports. Today the company announced a $25 million Series B that it closed in June.

Co-founder of Evabot Rabi Gupta argues there's "a lot of clutter" in the corporate gifting space. He argues that many vendors do little more than send company-branded swag like T-shirts and thermoses, which don't exactly foster loyalty, Kyle reports. The company announced that it raised just under $11 million to make corporate gifting less of a mess.

We are now reaching a sort of tipping point where we will see many more commercial applications of natural language processing hit the market. A gold rush has begun of startups trying to build on this technology, with an arms race developing between the large language model providers, Mike reports.

Go on then, a few more:

Pitch Deck Teardown: Alto Pharmacy's $200 million Series E deck

If your company raises a $200 million Series E, it’s fair to debate whether you can still call it a startup.

Still: Convincing investors to part with enough money to produce your own sequel to “The Gray Man” is an impressive feat, which is why we were eager to review the deck that helped Alto Pharmacy close such a large round.

(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

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Pitch Deck Teardown: Alto Pharmacy's $200 million Series E deck image

Image Credits: Alto Pharmacy

Big Tech Inc.

Instagram announced today that it will start prompting a random assortment of people on its platform in the United States to participate in an optional survey about their race and ethnicity, Aisha reports. The company says the survey will help it to better understand different experiences people may have on Instagram in order to ensure that the platform is fair and inclusive for all users.

According to a report, developers on the western side of London, U.K., may be prevented from working on larger multitenant properties due to the state of the electricity grid, and strains caused by nearby data centers, Paul reports. Bad news for people who had hopes that London might hit its growth trajectory of 65,000 new homes per year.

Yesterday, Ford reported $40+ billion in revenue, a 50% increase from the same period last year. The company also reported it was building 14,000 electric vehicles per month. Wall Street was positively surprised, sending shares up by as much as 6% in after-hours trading, Rebecca reports.

Grab a few more, why dontcha:

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Wednesday, July 27, 2022

Google Maps unveils improved bike navigation, location sharing and aerial landmark views

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By Haje Jan Kamps

Wednesday, July 27, 2022

Hello, Daily Crunchers!

Personal story time: I came to the U.S. on an IR1 visa — also known as a “green card” — after having been married to an American for more than two years. I then became a naturalized citizen a little while back. There's a tremendous amount of luck and privilege with my path to U.S. citizenship, and many have a much harder time settling in this fair country.

I'm so grateful for the TechCrunch team and our great relationship with Sophie Alcorn, our friendly immigration lawyer. She runs a great column on TechCrunch with tons of immigration advice, and tomorrow Walter is doing a Twitter Spaces Q&A with her. Set yourself a reminder and tune in tomorrow at 12 p.m. PT/ 3 p.m. ET, on @TechCrunch.

With much multicultural and international love, Haje

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Image Credits: NurPhoto / Getty Images

The TechCrunch Top 3

  • Taking a look at India's streets: Google Street View made its debut more than a decade ago. Six years ago, India banned the service over security concerns. Jagmeet and Manish report that the tech company today relaunched Street View in India. It expects to roll out the service to 50 Indian cities by the end of the year.
  • $52 billion for U.S. onshoring chip production: One surefire way to make something happen is financial incentives, and Brian reports how the U.S. Senate just threw $52 billion at the semiconductor industry for companies to manufacture computer chips on U.S. soil again, by way of the CHIPS Act.
  • The little three-wheeled prototype that could: I took the Nimbus three-wheeled urban transportation pod for a spin last week, and found myself getting excited and confused in equal measure. I want it to exist, but at the same time, I'm struggling to imagine the vehicle finding a market, when its $10,000 price tag buys a lot of other cool transportation options.

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Startups and VC

As regulation, platform dynamics and consumer choice continue to eat into cookies, it's leaving a gap in the market for advertising solutions that can work well without relying on cookie functionality. Today, Ingrid reports that Seedtag, an adtech startup based in Spain, is doing just that. It has raised a $250 million round of funding to double down on the opportunity.

Annie reports how internet use in most of Africa remains low despite the growing broadband internet coverage. A recent report surveyed most of the countries in the world, and shows half of the top 10 most expensive countries to buy mobile data in the world are in Sub-Saharan Africa, which may be hindering investor activity and startup opportunity in the region.

More startup magic:

8 fintech investors discuss the shifting investing landscape and how to pitch them in Q3 2022

What are fintech investors willing to bet on in this climate?

To get a sense of how their viewpoints and strategy have changed in recent months, Mary Ann Acevedo asked eight of them about the advice they’re offering portfolio companies, how they expect the next few quarters to unfold and their pitch preferences:

  • Paul Stamas, managing partner and co-head of financial services, General Atlantic
  • Alda Leu Dennis, general partner, Initialized Capital
  • Michael Gilroy, general partner and co-head of fintech, Coatue
  • Justin Overdorff, partner, Lightspeed Venture Partners
  • Addie Lerner, founder and managing partner, Avid Ventures
  • David Jegen, managing partner, F-Prime Capital
  • Nik Milanovic, general partner, the Fintech Fund
  • Jay Ganatra, co-founder and managing partner, Infinity Ventures

(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

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8 fintech investors discuss the shifting investing landscape and how to pitch them in Q3 2022 image

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Big Tech Inc.

Our top Big Tech story for the day — and the subject of our Daily Crunch newsletter today — is brought to us by Ivan. Google is increasing its bid for being the first place people go for discovery and planning pastimes. In aid of that, today the company announced three new features for its star navigation app, Google Maps: aerial and more immersive views of 100 landmarks, more detailed cycling routes, and improved location sharing with notifications for the arrival and departure of your friends.

Ax Sharma makes his TechCrunch debut as a contributor today, delving into how some open source projects effectively sabotage their own software, as a form of protest. "Did it make an impact? We'll probably never know," said one of the developers. "That being said, I think it was completely worth the chance to disseminate information and hopefully catch the eye of software folks in Russia that might not have seen what was happening otherwise."

And a few more to keep your mind nimble:

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