Before we dive into the news, a reminder that disruption is next week. So, make sure you have the ticket and promote. more here. It’s going to be like a show.
- The Apple-Epic War Isn’t Over: While the internet digests the recent controversial decision between Apple and gaming giant Epic, the latter party is not letting the decision sit. The epic is fascinating. Mobile application monetization is at stake for years to come. Considering how much money is in the mix, it’s no huge surprise that legal wrangling is taking time.
- Welcome to IPO Season: Toast, a software-and-hardware startup owned by Boston’s Well, Toast, is targeting huge valuation gains in its IPO. So is Freshworks. We are tracking both companies and will have more notes as they get closer to trading. Expect many, many more offers in the coming weeks.
- China’s regulatory action could hurt its cloud market: This is a recent summary of a report that covered discussing the large Chinese software market. News broke earlier today that the Chinese government may be sacking Alibaba financial affiliate Ant, and that the country is looking to reduce the number of EV companies that the market currently supports.
- Breaking news today: Apple has released a patch for a zero-day flaw “It affects every iPhone, iPad, Mac and Apple Watch,” reports . Update your devices, guys.
- GrubMarket lands $120M to connect food producers, consumers Sure, you’ve ordered food delivery. This is a pane of the food game. But for distributors, wholesalers and supermarkets, you and I need much more than you can consume for dinner. That’s the market in which GrubMarket plays, and it has raised a sizable chunk of cash to keep up with its growth rate.
- Bitsight picks up from Moody’s, buys Visible Risk: BitSight, a startup that “assesses the likelihood that an organization will be breached,” has bought Visible Risk, an Israeli cyber-risk-assessment startup, for an undisclosed price, according to . Moody’s round invested $250 million in BitSight, a fund that we believe held visible risk. What’s the connection? Moody’s wants to use cyber risks in its credit rating, we think.
- SpotOn also picks up, buys smaller company: Unicorn SpotOn, which provides financial software and technology to small businesses, has raised a $300 million round, valuing the company at $3.15 billion. It is also buying Appetize, “a digital and mobile commerce payment platform for enterprises such as sports and entertainment venues, theme parks and zoos.” The round is notable not only for its size, but also because SpotOne reported a valuation of $1.875 billion in May and $625 million last year.
- JumpCloud raises $159M: JumpCloud sells cloud directory services and many other cloud-based identity services. It is now worth $2.56 billion, which is a decent amount. Jai Das of Sapphire Ventures led the round. He is a good friend in my experience. The company has increased its customer base by almost 40% since last November. I asked Ron Miller, the author of the story Why Jumpcloud was good enough to cover for him. The company’s effort to “provide multiple identity services such as single sign-on and multifactor authentication” is significant, he added.
- I think it’s time to learn what DevSevOps is: Every technology seeks its own neologism. DevOps. EdTech. Finservices. Hell, even Databricks’ lakehouse. Add DevSecOps to your personal dictionary. According to our own Ingrid Lunden, DevSecOps is “the area of IT that addresses the needs of security teams and the technical tasks they need to perform in their jobs.” Startup Resilien just raised $30 million for its efforts to serve that particular market.
- Everyone Loves E-Commerce Platform Play: Shopify is big. BigCommerce is growing well. And investors are looking to capitalize on the next, similar endeavor. Enter Capiter, an Egyptian startup that helped “manufacturers and sellers to distribute products and [ … ] Access them on a single platform” in Africa.
- To kick off our startup coverage, GM just invested in radar software startup Oculi. The move fits neatly into the trend of self-driving cars getting better and better over time, even if they aren’t there yet. There, if you will.
3 Keys to Pricing Early Stage SaaS Products
Every founder launching an enterprise software startup has to figure out the “right” pricing model for their products.
It’s a consequential decision: Per-seat licenses are easier to manage, but what if customers prefer a concurrent licensing model?
“The initial pricing discussion should be around the buyer’s perspective and the value created for them by the product,” says Yusuf Khan, partner at Ridge Ventures, who has previously served as CIO.
“Of course,” he notes, “self-evaluation is hard, especially when you’re asking someone else to pay you for something you made.”
(ExtraCrunch is our membership program, which helps founders and startup teams grow. You can sign up here.)
Big Tech Inc.
Starting our Little Big Technology segment today, let’s return with the automotive theme from GM’s news discussed above. Ford made headlines today by appointing Mike Amend as its head of digital and information. It should come as no surprise that Ford will fare like this, a good indication of where the automotive market is headed.
- Instagram thinks you follow too many people: This is read about Social Service’s effort to create a product in my service that will allow users to favorite accounts and thus not miss their updates. Algorithmic timeline problems, I guess.
- Dutch judge saddens Uber: Sure, that’s a slightly subjective summary, but news that a Dutch judge has ruled that Uber drivers are in fact employees contradicts the ride-hailing company’s position. So you can’t be happy. And what is the opposite of happy?
Expert: Growth Marketing
Are you all caught up in the coverage of last week’s growth marketing? If not, read here.
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Join Danny Crichton Twitter Space Tomorrow, Tuesday, September 14, at 2 p.m. PDT/5 p.m. EDT as he discusses whether remote work will make H-1B visas redundant Sophie Alcorn, attorney at Alcorn Immigration Law and guest columnist for “Dear Sophie” on Extra Crunch.