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Monday is here and we’re excited to embark on another week of summer tech news. About summer – as VCs stop answering their phones in favor of drinking lime and elderflower martinis, playing pickleball, caving in bitcoin mines and kiteboarding surfing (I can only assume that’s what VCs do on their summer vacations), it gives us tech reporters a bit more time to dig into some of the stories and companies that piqued our curiosity.
In my distant past as a startup founder, long before I became a writer at TechCrunch, exhibiting at TechCrunch Disrupt turned out to be a big moment for my first startup. As a startup founder, you know that hustle is part of the game; if your company does not have the budget to attend, you can apply to volunteer and participate in this way. Don’t miss the Volunteer FAQ to see if this is a good option for you! — haje
TechCrunch’s top 3
Startups and VCs
The regulatory environment surrounding crypto is evolving in the US as the SEC takes aim at major players in the web3 world, promising to shake up business as usual with aggressive action. David Nage discusses how regulatory review is impacting venture capital investment in web3. It’s a great conversation with Lucas and Anita on this week’s episode of Chain Reaction, for you podcast fans!
Yes Capital, an Africa-focused venture capital firm based in Lagos and Massachusetts, today announced that it has completed the first closing of its second $30 million fund, Tags reports. The firm is looking to strengthen its presence on the continent.
More more more:
- title of the week: Ugh, why is that Natasha M so good! Don’t miss his Startups Weekly, the succinct summary of what’s been happening in startup country over the past week. Also, “Bootstraps are coming, Bootstraps are coming” is simply :chefs-kiss:.
- Like games, but chained: The meteoric success of Axie Infinity and StepN has convinced many entrepreneurs that web3 gaming is the future. In Ritagaming veterans promise to make blockchain gaming fun and sustainable.
- Always equal, just with bigger chests: Equal Ventures has a new pair of funds. The New York-based company closed a second fund of $95 million and its first opportunity fund, worth $75 million, Natasha M excerpt from company filings with the SEC.
- speak to the machine: UiPath has acquired Reinfer, a London-based startup that develops natural language processing (NLP) tools for businesses, Paul reports.
- Ixnay on Chipper Cash: Kenya has ordered all banks to stop dealing with Chipper Cash and Flutterwave, saying the companies are unlicensed, Anne reports.
- Stronger climate market: Climate-Focused VC Buoyant Ventures Aims For $100M Fund As Climate Market Continues To Evolve, Harris reports.
Build a solid platform for your quarterly board meetings
Board meetings are great for getting feedback on your progress and plans for the future, but what’s the best way to tell them what’s going on?
According to Ridge Ventures partner Yousuf Khan, the best and easiest way to “ensure that you are giving board members the information they want to see is to just ask them.”
“Reaching out to your board not only helps you get your bearings, but also gives you the opportunity to build your relationship. People appreciate the opportunity to step in,” he says.
Khan also shares seven tips for creating a presentation to give your board updates on your progress, plans, product and finances.
(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can register here.)
Big Tech inc.
Hyundai plans to acquire South Korea-based lidarless autonomous mobility platform 42dot. A 42dot spokesperson said kate that the startup is in talks, but warned that terms, including the size of the stake and the valuation of the deal, have yet to materialize.
In one of the most head-scratching moves in a while, Spotify has announced that it will introduce a Play button and a Shuffle button at the top of album playlists to make it easier to play music the way you want. Sarah reports. Plot twist: Separate buttons are only available to paid subscribers. As Sarah concludes, “Streamers may be disappointed to find that what should be an app update in favor of better usability is oddly being sold to them as a reason to upgrade.”
A bit more:
- You never know when you need jeans in 25 minutes: E-commerce giant Amazon launches same-day delivery from select retail stores, including PacSun and Diesel, Aisha reports.
- Twitter without test account: Ivan reports on a new test from Twitter, where you can now use the Twitter iOS app without creating an account.
- Pinterest Shuffles in your mood boards: Social media company Pinterest launches new app, Shuffles, for creating collages and moodboards, Sarah reports.
- Oh oh: Things are getting (even more) interesting in hacker land as hackers steal passwords to access 140,000 payment terminals, reports Zack.
- The AI may be going too far: There’s a reason over 450,000 people read Emerging Tech Brew – the email three times a week delivering the latest tech news impacting you and your world. Best part? It’s free and only takes 5 minutes to read, so there’s really no reason not to give it a try. To stay up to date with the latest advances in technology and AI, sign up for the Emerging Tech Brew newsletter free.