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Hello and welcome to the Daily Crunch on June 9th, 2021. Today were TC Sessions: Mobility, an exuberant time and one that we hope you enjoyed. Looking ahead, we’re starting to announce a few speakers for Disrupt – including Arun Mathew at Accel. Mark your calendars, Disrupt is going to be epic this year. – Alex
The . top 3
- Biden tears down Trump’s Chinese app wall: After a very confusing episode in which the former US President demanded that TikTok be sold to an American company and the US government received a cut, things are largely back to normal today after President Biden “signed an executive order with the Measures against TikTok and WeChat are revoked. “. Reports. Biden also signed a “new order requiring the Commerce Department to review apps with links to the ‘jurisdiction of foreign adversaries'”, so that story does not end there.
- Billions for battery technology: Northvolt has raised a $ 2.75 billion round to expand its battery production capacity in Europe to 150 GWh by 2030. 2030 may sound a long way off, but in less than a decade. The news from the Northvolt Round underscores how many regions want to ensure that they can develop core technology products such as batteries, chips and AI themselves to limit geopolitical risks.
- Everyone wants to fund AI startups: The era when every startup claimed to be an AI company is behind us, leaving behind the era when everyone wants to fund VC AI startups. That is at the heart of a recent . survey of the hot and busy fundraising market for startups using artificial intelligence.
Startups and VC
- Branch finds more supporters for its Insurtech service: The bundled home-and-auto insurtech startup branch has raised a $ 50 million round led by the Anthemis Group. The company’s pitch is to start customers with a bundle, which means they don’t have to cross-sell them later. VCs are still more than willing to pour capital into neo insurance providers despite some fighting from unicorns in the industry after going public.
- ShelfLife would like to help you with the procurement of raw materials: Always wanted to produce and sell your own version of White Claw? Lillian Cartwright and a few colleagues from Harvard Business School came up with this idea but ran into delivery problems. Cartwright developed ShelfLife to help brands by providing “a directory and marketplace of raw material suppliers based on what brands actually and specifically need so that they can get quotes quickly”.
- If you’re tired of the Insurtech rounds, how about an NFT round?? Mythical Games announced a $ 75 million round, although short-term momentum in the blockchain-specific digital title deeds market is waning. Regardless of what you think of NFTs, it is clear that VCs are bullish and willing to pay so as not to miss a possible trend.
- American political luminary Stacey Abrams is now raising $ 9.5 million: Now is a fintech company that buys corporate bills for a fee so businesses can generate income before they get paid. Provided it can properly assess the risk of default, it’s a pretty business-friendly model.
- Decapitate your CMS: If you don’t like headless CMS tools, imagine WordPress but without the bits that make it render in your browser. The headless model has drawn supporters in a fragmented world of end-user devices where users can access content from smartwatches to tablets to desktops and VR helmets. And now, Contentstack’s headless CMS service is $ 57.5 million richer following an Insight Partners-led investment.
To top off our startup news today, two things: The first is that Superhuman CEO Rahul Vohra and his pal Todd Goldberg, the founder of Eventjoy, have formalized their investment partnership in a new fund called Todd and Rahul’s Angel Fund. This name has big Bill and Ted’s Excellent Adventure vibes, albeit on a larger budget of $ 24 million.
And right after the Equity Podcast, which deals with hormonal health and the huge startup opportunity that comes with it, there’s a new startup that’s working with PCOS in the market. Check out our look at its early form.
Don’t panic: ‘algorithm updates’ are not the end of the world for SEO managers
The SEO expert and consultant Eli Schwartz, along with Managing Editor Danny Crichton, will give his advice tomorrow for anyone who gets nervous every time Google updates its algorithm.
To create a basis for tomorrow’s chat on Twitter Spaces, Eli shared a guest post that should dispel some myths. For starters, a drop in search traffic won’t necessarily hurt you.
Instead of chasing after the algorithm, he advises companies that rely on organic search results to concentrate on the user experience instead: “Those who are helpful to the user have nothing to fear.”
Just as you publish product updates based on feedback and analysis, Google improves its products to provide a better user experience.
“In many cases, if you see a decrease, your website may not even have lost any real traffic,” says Eli. “Often the losses only represent lost impressions that have not already been converted into clicks.”
Tomorrow’s discussion is the latest in a series of top extra crunch guest-featured chats. If you’ve worked with a talented growth marketer, please give us a quick recommendation.
(Extra Crunch is our membership program that helps founders and startup teams move forward. You can sign up here.)
Big Tech Inc.
- Google is building a huge fiber optic trunk to Argentina: Imagine you are a mega-corporation. And the internet between your headquarters and, say, Argentina was a little slow. Do you curse your luck? Stamp your feet? Or do you announce that you will build “a new submarine cable that will connect the east coast of the USA to Las Toninas, Argentina – with further landings in Brazil and Uruguay”, as Google did? We hope it’s the last option.
- Did you know Facebook’s Creator Week is?? It is how it turns out. Big Blue announced a “native affiliate tool” for Instagram that enables “creators” to recommend products available at checkout, share them with followers, and earn commissions on the sale of their posts. The idea may prove annoying to non-influencers, but it could be a boon for the folks with a large following.
- $ 270 million for Endpoint Security Shop 1E: The increasing adoption of remote work means that companies need to secure more and more endpoints. So to see Carlyle record 1E for a quarter of a billion is basically no surprise. Crunchbase doesn’t have any funding dates for the London-based company, so this may have been a pretty big exit for their team.
We introduce . experts: growth marketing
. is back with our next category for our Experts project: We reach out to startup founders to let us know who to turn to for the latest growth marketing practices.
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We are happy to share the results we have collected in the form of a database. The more responses we get from our readers, the more robust our editorial coverage becomes. To learn more, visit techcrunch.com/experts.
Join us for a chat on Twitter Spaces tomorrow at 12:30 p.m. PDT / 3:30 p.m. EDT. Our own Danny Crichton will speak about growth marketer Eli Schwartz’s guest column. Don’t panic: ‘algorithm updates’ are not the end of the world for SEO managers. Bring your questions and comments!