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Welcome to Daily Crunch, September 1, 2021. TechCrunch's history is marked by the fact that we have been transferred to a new parent company. We'll get to that in a moment. First, Disrupt attendees: You can now visit CrunchMatch and meet cool people. We hope to see you there. Alex
TechCrunch Top 3
Apollo, it's me! TechCrunch no longer belongs to Verizon Media Group, a forgotten subsidiary of the U.S. telco. Instead, we now belong to Yahoo, which in turn is owned by Apollo, an investment company that is publicly traded. The parade is now underway. The long-awaited deal is finally done. We'll be sharing more information about our new overlords once we meet them.
TechCrunch no longer belongs to Verizon Media Group, a forgotten subsidiary of the U.S. telco. Instead, we now belong to Yahoo, which in turn is owned by Apollo, an investment company that is publicly traded. The parade is now underway. The long-awaited deal is finally done. We will be sharing more information about our new overlords once we have met them. Inside Amplitudes IPO filing: TechCrunchs coverage of the accelerating IPO market continued today with notes on Amplitudes product-analytics-focused debut. You can find more information on Freshworks and Toast filings here and here. Warby Parker is also available here if D2C is your thing.
TechCrunchs coverage of the accelerating IPO market continued today with notes on Amplitudes product-analytics-focused debut. You can find more information on Freshworks filings and Toast here. If D2C is your thing, you can find it here. Vista Equity has purchased a majority stake of Drift, according to big-dollar news. Drift, a Boston-based company, focuses on conversational sales tools. Drift was purchased at a price that Drift did not disclose. The majority of Drift's sale values it at over $1 billion. We are not sure why Drift was sold to Vista, but we feel that it was cheated of its S-1 filing.
Startups/VC
Today, TechCrunch is busy writing thousands about the second day's startup pitches at Y Combinators Demo Day. Read about each startup that pitched yesterday.
Let's now get to the news. After raising $700 million in equity and debt, Berlin Brands, which purchases and hopes to scale Amazon brands, now has a net worth of over $1 billion. It appears that there is infinite capital available for financing the purchase of smaller ecommerce brands.
Forum Brands announced today new capital to support the activity. Although it may seem small in comparison to the amount Berlin Brands has secured, its still nine figures of dry powder.
Part 1: Our top startups from YCs Summer21 Demo Day
We pay attention twice a year to Y Combinators newest class of aspiring startups, as they hold their public debuts.
For YC Summer 2021 Demo Day the accelerators fourth virtual gathering, Natasha Mascarenhas and Alex Wilhelm selected 14 of their favorite pitches from the first day.
You can read their analysis and then return later today to see their summary of Day Two.
(Extra Crunch) Our membership program that helps founders and startups get ahead. Sign up here
Big Tech Inc.
Today's Big Tech news focuses mainly on feature upgrades. Enjoy!
TechCrunch Experts: Growth Marketing
If you missed it, we are giving away one ticket to Disrupt via the Experts survey. You can check out the Disrupt schedule and then read on for details about the giveaway.
Did you submit a recommendation already? It's great, we count all your previous surveys as entries for the Disrupt ticket.
You can also submit the next 100 surveys to the giveaway.
Would you like to submit 10 recommendations in order to increase your chances of winning? While we love your enthusiasm, we ask that only one recommendation be submitted for each marketer you have worked with.
What do you recommend? You can start by listing the traits they displayed, how they helped your company and how their work affected you business.
All entries are manually reviewed by us, so don't copy and paste the same response more than once.
Do you have a question regarding the giveaway? Send us an email at ec_editors@techcrunch.com.
Community
Mary Ann Azevedo and Danny Crichton will be speaking with Jonathan Metrick on Tuesday, September 7th at 3:00 p.m. PDT/6:00 p.m. ET on Twitter Spaces. They'll discuss fintech and growth marketing.
