Subscribe here to receive TechCrunch's top stories and the roundup delivered straight to your inbox each day at 3:00 PDT.
Welcome to Daily Crunch for August 19, 2020. Today is a great day with lots of interesting news and even a hot, new newsletter from TechCrunch. We'll get to that shortly. Daniel Dines, CEO of UiPath, will be attending our October SaaS event. It will be lit, as the kids like to say. Alex
TechCrunch Top 3
OnlyFans will remove some adult content from its service. This move temporarily broke Twitter and damaged TechCrunch servers. OnlyFans, a well-known subscription content provider, is moving away form its traditional content variety. TechCrunch's questions about OnlyFans' definition of sexually explicit content and how it expects this to impact its bottom line were not answered by the company. This is a summary of the story. As it develops, expect more.
OnlyFans, a well-known subscription content provider, is abandoning its traditional content variety in a move that briefly broke Twitter and damaged TechCrunch servers. TechCrunch's questions about OnlyFans' definition of sexually explicit content and how this would affect the company's bottom line were not answered by the service. This is a summary of where we are at this point. As it develops, expect more. Chicago scores points for the Midwest: One city saw its fortunes improve after COVID revolutionized the venture capital market last ye. In the second half 2020, Chicago has seen huge amounts of money flow into its local startups. We wanted to understand why and how it happened.
One city saw its fortunes improve after COVID revolutionized the venture capital market. In the second half 2020, Chicago has seen huge amounts of money flow into its local startups. We wanted to understand why and how it happened. We received mixed feedback on Facebook's VR meeting app. Lucas Matney, our own blogger, was mildly enthusiastic about Facebook's VR service that simulates a conference room. We can all have that office atmosphere from our homes. Some people suggested that this technology could be very useful for those who have difficulty commuting. Many people felt it was a hot mess and more of an attempt by Facebook to alter the narrative on its regulatory issues rather than actually move the VR ball forward.
Startups/VC
Are you passionate about robots? Do you want to see more of them in your life. There's good news! For months, we have shared Brian Heaters robot roundups on Daily Crunch. We won't have to anymore, as he is launching a newsletter specifically for this subject. Friends, meet Actuator.
Eaze has bought Green Dragon, which is a major deal in the cannabis delivery industry. Weep if you live in an area of the U.S. or anywhere else where cannabis delivery is not possible. You will soon be able to contact civilization. Perhaps via an Eaze courier.
Eaze has purchased Green Dragon, which is a major deal in the cannabis delivery industry. Weep if you live in an area of the U.S. or around the world where you can't get cannabis delivered to your home. You will soon be able to contact civilization. Perhaps via an Eaze courier. Bird launches an electric bike: Bird has been busy going public through a SPAC, and recently dropped its Q2 numbers. But that's not all the scooter company is doing. It also made an electric bicycle. This is quite cool. We should all rip out the streets of global cities and replace them by bike paths and green spaces.
Bird is busy with a SPAC, and recently dropped its Q2 numbers. But that's not all the scooter business is up to. It also made an electric bike. This is quite cool as it means that we can rip out many streets in cities around the world and replace them by bike paths and green spaces. Regology is a startup that helps people understand local laws around the globe. Regology may be right as companies are increasingly moving offshore and global commerce has become the norm. Acme Capital, a venture capital company, is also mentioned in this story. They may invest in anvils and dynamite, or other contra-RoadRunner products.
Regology is a startup that automates understanding local laws around the globe. Regology may be right as companies are increasingly moving offshore and global commerce has become the norm. Acme Capital is a venture capital company. Launch House raises $3M for scale venture community: This story is quite complex. Launch House's goal is to build a class-based community of startups in both digital and physical spaces. Launch House has just raised seven figures of capital in order to realize its vision.
This one is a bit more complicated. Read the story. Launch House is a community of class-based startups in both digital and physical spaces. It just raised seven figures of capital to support its vision. Today's Tiger Global round was Nacelle. What is Nacelle and why did Tiger lead a $50million Series B into the company. Nacelle is a headless solution for commerce. Tiger just supported it because it is a headless commerce system. That makes sense.
What is Nacelle and why did Tiger lead a $50 Million Series B into the company's? Nacelle is a headless solution to commerce. Tiger just supported it because it is a headless commerce system. This makes sense. Ron Miller and me compiled some notes about what Databricks could look like with a valuation of $38 billion on the TechCrunch site. Enjoy!
Lets make a deal: A crash course on corporate development
Todd Graham, Vice President of Venrock, has some honest advice for founders of venture-backed startups: It is wise to generate some return.
He wrote a primer about corporate development with this in mind. It outlines the three most common types of acquisitions, tips to deal with bankers, and explains why forming a partnership with large companies isn't always the best option.
Graham advises that no matter what path you take, it is important to attend the meeting.
The worst case scenario is that you will get a few LinkedIn connections, and you'll be a well-known quantity. A second meeting is the best scenario.
(Extra Crunch) Our membership program that helps founders and startups get ahead. Sign up here
Big Tech Inc.
Twitter's newsletter push is just beginning: Twitter is working to integrate its Revue newsletter service with its main interface. Although this is not surprising, it is still welcome. It is unclear if Twitter will become a material antisubstack.
Twitter is working to improve its integrations with its Revue newsletter and its main interface. Although this is not surprising, it is still welcome. It is unclear if Twitter will become a material antisubstack. Facebook wants TikToks to have lunch: Facebook will bring its Reels product to America. If you would prefer Facebook to have your data, instead of ByteDance subsidiaries, this is your chance.
Facebook will be bringing the Reels product to America. If you would prefer Facebook to have your data, instead of ByteDance subsidiaries, this is your chance. Congress wants TikToks to eat lunch: TikToks' plans to collect biometric information from its users is not well-received in the U.S. Congress. It is not surprising. This is especially true because the Chinese Communist Party holds a seat on ByteDances, a key China-based company.
TikToks' plans to collect biometric information from its users is not well-received in the U.S. Congress, as it was for ByteDance. It is not surprising. This is especially true because the Chinese Communist Party holds a seat on ByteDances China-based company. GM wants 5G in your car: GM and U.S. telco AT&T are working together to bring 5G to cars. Although I don't know why this is necessary or if there is enough of 5G juice to make a single glass, it is what we have.
TechCrunch Experts: Growth Marketing
We reached out to founders of startups to find out who they go to for the best growth marketing practices. Please complete the survey.
Check out the testimonials below!
Marketer: Nate Dame - Profound Strategy
Recommendation by Diana Tamblyn (Danaher)
Testimonial: I did a thorough search for content partners. I was impressed by their knowledge, their references (I spoke with three), and their growth forecasting.
