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Hello and welcome to the Daily Crunch of September 16, 2021. We’re still on the countdown to interrupt, so make sure you have a ticket, and get ready to leave your pitch deck in a hat. We are going to space! – alex
- Tigers like robots: Sure we’re still used to seeing tiger cut checks in every software company alive, but did you know that capital funds are in physical goods as well? Our very own Brian Heater has news.
- What can stop the startup boom? on the site today dug back through its coverage of the Q2 venture capital cycle, asking what could be holding back the momentum we’ve seen in recent quarters. Short answer? Not much. The major startup market is more stable than you might think, but only partially on its own merits.
- US government gets serious about breaches: The US Federal Trade Commission (FTC) is making sure companies know if their apps “collect personal health information” [they] Consumers should be notified if their data has been breached or shared with third parties without their permission.” Which is good. But how was it not Always Rule?
Apple held an event this week, so the technology market is still buzzing about why it’s the iPhone 13 and why the iPhone 12S isn’t. Regardless of your take there, Apple’s long shadow is making itself famous elsewhere. Like a marketplace to help people find their gadgets. The Cupertino-based giant made waves the other month by introducing AirTags, in competition with Tile, a startup. Well, Tile is now back with $40 million in new capital. to go to war!
- Fiberplane raises capital to build Google Docs for SRE Building software tailored for a particular market is hot these days. The strategy is similar to creating an anti-word if you wish. In the case of Fiberplane — the company just raised $8.8 million — it’s building a Google-Docs-style product for site reliability engineers, or SREs. Is that niche too small? Maybe not?
- CodeSignal raises (again): Ah, credential. Depending on the CodeSignal skills the developer wants to apply for gigs and a little less depending on where one went to school. Investors lined up to fund his vision, a drop of $50 million in less than a year after raising $25 million in the company’s coffers.
- Self Financial Proves Credit-Building Is Still Venture-Backable: Altos Ventures led a $50 million Series E for the company, which seeks to “help consumers build credit and savings at the same time.” It’s a good idea, considering how broken the American credit system is today.
- Byju’s buys coding platform Tinker The $200 million transaction will help Byju’s continue to expand in the United States. The Indian company’s boom in its own sector is perhaps the balm for founders and investors concerned about edtech in the wake of China’s decision to pursue the market to its domestic startup class.
- Open Minerals: What a great startup name. And this is more than appropriate, as the company seeks to bring transparency to the global commodity markets. Which is good, because more transparency means better price discovery, and more efficient markets. Open Mineral Series C closed just $33 million.
3 strategies to make it easier for hiring managers to adopt new HR technology
Most of us prefer to rely on our instincts rather than helping automated tools with decision making, especially when it comes to hiring. But it’s not smart.
If your startup has an ad-hoc hiring process, you are not tracking candidates properly, there is little consistency in how they are treated and hiring bias plays a major role.
It’s okay to be skeptical of automated hiring tools—but not ignorant.
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Big Tech Inc.
- Twitter super followers can’t be super attractive: Data coming out of the Twitter Super Follows product indicates that its initial performance is weak. So much so that it can go the way of the fleet. Do you follow super? If so let us know.
- Ford spends to boost electric truck production: Worried that EVs could be a fad? stop fret. Traditional American car company Ford is doubling its electric F-150 production, reports. And if Ford is doing well with EVs, they are well and truly mainstream.
- Lucid Air beats Tesla to win longest-range EV title Dodging Elon fanboys for a minute, the Lucid Motors EV is pushing the state of the art a bit with a car that sports a 520-mile range. It’s one hell of a hike. In general terms, the distance bump that Lucid — the recall that the company recalls is going public later this year — intends to fuel an arms race regarding EV ranges. Yes please.
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