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Hello and welcome to the Daily Crunch of Tuesday, September 7, 2021! Your regular host Alex Wilhelm is AFK for the next few days, so I (Greg Kumperk) will take over my newsletter duties. Alex may be smarter, nicer and generally a better person than me, but I’m at least more… well, not currently on vacation. I will try my best.
Much of took a long weekend (Labor Day + a surprise all-company holiday given to us by higher-ups to celebrate the arrival of new even-higher-ups), so let’s take a look at Alex’s last What has happened since it was written?
- Forced ProtonMail to log the user’s IP: Privacy-minded email service ProtonMail does more than most alternatives to keep user data out of prying eyes, but it’s not going to break the laws of its home country, Switzerland, to do so. Last week a story surfaced that ProtonMail was being pushed by French authorities to reveal the IP of a French worker; This initially did not comply, but once that request was rerouted “via Europol to the Swiss police”. The whole story is a back-and-forth emerging story that has become so complicated it can’t be summed up in a single paragraph, so dive into the linked story for all the details.
- VW’s autonomous driving efforts go ahead: Volkswagen’s commercial vehicle arm is working with autonomous driving tech company Argo AI, and the pair showed off a mostly final version of their first test vehicle over the weekend. While there’s no shortage of autonomous cars at work, the Argo AI is one to look out for here; The company is also working with Ford on a self-driving initiative for Lyft, with Argo AI valuing $12 billion back in July.
- Hyundai Goes Heavy on Hydrogen: Have doubts about hydrogen as the fuel source of the future? Hyundai doesn’t appear to be — or, at least, it’s hedging its bets. The South Korean company announced this morning that it would make a hydrogen fuel cell version of the All Number of its commercial vehicles by 2028. It will continue to work on electric vehicles in parallel, but it hopes to make hydrogen cost-competitive with EV batteries by 2030.
We spent a good part of the last week covering Y Combinator’s Demo Day, where hundreds Startups (seriously, hundreds!) started out for an audience of investors. It’s Got So Big That Demo Day Has Been Demo Day; If you haven’t already, check out our coverage of day one here, and day two here.
- OLIO raises $43M to help fight food waste Got extra food? Take a picture of the food, share it with your neighbors and hope not to let it go to waste. A great idea, but can it be a big business? Mike Butcher has the details on how its founders — and its bevy of investors — hope to get there.
- Africa’s biggest Series A: Tge Keene-Okafor has details about some of the big milestones African fintech company Wave has made – it has raised the largest Series A ever ($200 million) in Africa, and in doing so has been able to do so with a valuation of $1.7 billion. With that, what Tage said has become what. Francophone (French-speaking) Africa’s first unicorn.
- Homage raises $30 million for home care Homage, a Singapore-based company focused on making it easier to get to your home caregiver, nurse or doctor, announced this week that it has raised $30 million. Considering that no one wants to sit in a potentially crowded waiting room to see a doctor, I have to understand that in-home care is taking a lot of time.
A Founder’s Guide to Effectively Managing Your Options Pool
“In today’s cash-rich environment, options are worth more than cash,” says Alan Miller, a principal at Oak HC/FT.
“In turn, managing your option pool may be the most effective action you can take to ensure that you can recruit and retain talent.”
In an article aimed at early-stage founders, Miller shares best practices for protecting your option pool, lists many founder mistakes and offers several tips for course-improvement. are of.”
(ExtraCrunch is our membership program, which helps founders and startup teams grow. You can sign up here.)
Big Tech Inc.
- The time Animoto almost brought AWS to its knees: A product being so successful that it makes Amazon’s cloud infrastructure sweaty is a good problem, if only it’s finished once. The lovely Ron Miller tells that story this week from the perspective of Animoto, which exploded its bandwidth-intensive user base from 25,000 to 250,000 pretty much overnight in 2008, leaving even AWS to creak a bit.
- Hulu raises price: bad news? Hulu is raising the price of its on-demand plans. Less bad news? It’s not nearly as big as the one Hulu’s live TV service got back in 2019, which jumped from $35 to $55 in just a few months. Both the ad-supported and no-ad versions of Hulu will increase by a dollar to $7 per month and $13 per month, respectively. The price hike is expected to go live on October 8 this year and will be applicable to both existing and new customers.
- Apple’s next event: It’s September, which usually means a new iPhone is about to be announced… and of course, Apple just sent out invitations to an event on September 14th. What will change this time? The rumor mill says to expect a better, faster-refresh performance…
Expert: Growth Marketing
wants you to recommend growth marketers who have expertise in SEO, social, content writing and more! If you are a growth marketer, pass this survey to your customers; We’d love to know why they liked working with you.
If you’re curious about how these surveys are shaping our coverage, check out this interview Anna Heim did with Mutsix, “Performance marketing agency Mutsix develops content and content to promote DTC e-commerce.” Bet on the data.”