The Biden administration indicated changes to the gig economy, Blue Originals would take passengers and we would interview Jim Belushi. This is your daily crunch for April 29, 2021.
Big story: Biden’s labor secretary says gig workers should be reclassified
Biden administration’s Labor Secretary Marty Walsh said in an interview with Reuters recently that he is watching the “gig economy”.
“In many cases gig workers should be classified as employees,” Walsh said. “In some cases they are treated with respect and in some cases they are not and I think it should be consistent across the board.”
For now, this is just the point, but it suggests that new rules and gig work reclassification may be a priority for the new administration.
Google Pay updates include grocery offers, transit expansion and spending insights – through partnerships with Safeway and Target, Google Pay users will now be able to browse their store’s weekly circulars showcasing the latest deals.
Zynga and Rolick acquired the hyper-casual game studio behind High Heels – the company said that High Heels (or, if you insist, High Heels!) Has been launched more than 60 million times since its launch in January Has been downloaded.
IBM is acquiring cloud app and network management firm Turbonomic for up to $ 2B – providing tools to manage Turbonomic Kubernetes and network performance as well as application performance.
Startup, Funding and Venture Capital
Blue Origin will begin selling tickets for New Shepard space tourism flights on May 5 – two “when and how much” questions surrounding the Jeff Bezos-backed space company’s first commercial passenger flights.
Travelpark raises equity and debt of $ 160M a year.
MoviePass co-founder Preshow Interactive raised $ 3M to expand into gaming – giving startups PC and console gamers a new way to earn in-game currency in exchange for watching ads.
Additional crisis advice and analysis
Healthcare is the next wave of data liberation – David Jagen and Karl Byers of F-Prime Capital argue that the winners of health-related data transformation will look different with financial data.
Fintech startups set VC records as the fundraising market continues to influence in 2021 – new data indicates Q1 2021 is the biggest fiscal year to date.
To fundraise more effectively on zoom – A year ago, many of us probably thought that virtual fundraising would be impossible.
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Jim Belushi is chasing magic in cannabis – we interviewed Belushi about his new greenhouse, supplied in part by Groeneration.
According to NPD, US video game spending increased 30% in Q1 – content was up 25%, goods jumped 42% and hardware rose 82%.
Sequoia’s Sean Maguire and Weise’s Sameer Vasavada will talk about success in fintech on Xtra Crunch Live – discuss what brought the pair together on May 19, key fundraising tips and how to succeed in the fintech space.
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