Nigerian President proposes to lift 4-month Twitter ban under certain conditions – TechCrunch
For a rundown of TechCrunch’s most important and important stories delivered to your inbox every day at 3:00 p.m. PDT, subscribe here.
Hello and welcome to Daily Crunch for October 1, 2021! What a week, all of you. With the third quarter of 2021 now behind us, it’s time to prepare for the earnings season, further drops in VC data and what we hope – pray? – is one more IPO cycle before the end of the year. And with the holiday season starting in about 1.5 months, there is no this lots of time left. So be sure to read TechCrunch from your friendly neighborhood. We have what you need. – Alexis
The Top 3 TechCrunch
- Nigeria could lift Twitter ban: After failing Twitter across the country, the Nigerian government can unblock social service if it meets certain conditions. Some have been accepted. Others seem less certain, like Twitter which is building an office in the country. We’ll see, but Nigerian beef with Twitter is important, as we’ve seen other nation states cancel the service to varying degrees; China does this fully, for example, while India has leaned on the intimidating side of influence. In other Twitter news, the company has a service for exiting professionals.
- Startups find money outside risk circles: TechCrunch spends a lot of time tracking the financial flows between startups and their funders. But not all dollars and yen paid to startups comes from selling stocks. And the methods by which startups can raise hedge funds are becoming more and more mature. This is good news for emerging tech companies around the world. (Learn more about the pace at which capital is flowing in startups here.)
- Oyo files to be made public: Maybe the Q4 IPO cycle will be, as they say, turned on? Oyo is at least getting into the mix with a public offering that could raise more than $ 1 billion. TechCrunch took a dip in the rankings in the link; Let us remember that Oyo is a company supported by SoftBank which has encountered growth problems in recent years.
Startups / VC
- Megabucks for ghost kitchens: It’s a whole new phrase, I think. Either way, today’s news is that All Day Kitchens, which operates a network of ghost kitchens for small restaurants to operate for preparing deliveries, has raised $ 65 million. Precisely why business capital is the right choice here is somewhat opaque, but the new capital brings All Day Kitchens’ historic fundraising to over $ 100 million, an impressive sum for the food space.
- Smallerbucks for Influence Connection: The influencer economy is still strong, it seems, with more evidence coming in today in the form of a $ 1.67 million fundraiser raised by ProductWind. The startup “aims to connect brands with influencers in one click,” reports TechCrunch.
- DAOs, utopian thought and you: The DAO space, or the market for decentralized autonomous organizations, is hot in the sense that it’s something techies think about and talk about. And the funding, it turns out, because Utopia Labs has raised $ 1.5 million for its infrastructure work for DAOs. DAOs are a hybrid of capitalism and democracy, implying a future where the two are in closer harmony. Hence “utopia” in the name. You won’t find any snark on utopia in this newsletter, or the aspirations of it. As Oscar Wilde said, “A world map that doesn’t include utopia isn’t even worth taking a look at.“
- LeadIQ just landed a $ 30 million round for its sales software: LeadIQ helps sales reps save time by managing some of their entry by rote, freeing them up for more creative work. And the startup intends to better unite data from sales and marketing teams, which its CEO says could help boost sales numbers.
- On the TechCrunch + side, we have articles from Disrupt that cover our interview with Reid Hoffman on blitzscaling, how startups can spend their newly raised capital (and what the hiring market is doing to lavishness!) And how to advance science.
Ben Rubin explains why the Web3 era of social media will help everyone get paid
Web3 is still taking shape, so it’s hard to define.
At TechCrunch Disrupt, Houseparty founder Ben Rubin pointed out that decentralization was the central feature of Web3. In today’s Web 2.0, people give money and personal data to network operators in exchange for access to information.
“In Web3, there is a possibility – not to say it’s actually going to happen 100% – but there is a possibility where the network owns the network,” said Rubin. “And that’s, I think, the easiest, shortest way to explain it.”
In a conversation with reporter Taylor Hatmaker, Rubin said that NFTs show that individuals can benefit from the adoption of Web3, while decentralized finance and cryptocurrency trading are more commercialized forms.
“It won’t be perfect, but it will be a better line-up of incentives than we have now. And that will create competition on incentive rosters with their users, ”said Rubin.
(TechCrunch + is our membership program, which helps startup founders and teams get ahead. You can register here.)
Big Tech Inc.
- Blue Origin is a mess: It’s never a good week when your rocket business gets stricken with allegations sexism (very bad) and dangerous technology (also very bad). And yet, that’s where Jeff Bezos’ Blue Origin is. The company is now in damage control mode. And we assume, QA rocket mode.
- For you, Apple, a bug in iOS 15 that interfered with unlocking the watch should be fixed.
- Tech companies are lining up behind a tougher EU disinformation code: According to TechCrunch reports, Clubhouse and Vimeo are among a list of tech companies “preparing to sign up for an enhanced version of the European Union’s code of best practice on online disinformation.” Notable.
- Ultimately, the Zoom-Five9 agreement is dead: Why did he fail? A number of reasons, including too low an offer price, declining stock prices after the deal, and competition and safety concerns. Other than that, the transaction went very well.
TechCrunch Experts: Growth Marketing
TechCrunch wants you to recommend growth marketers with expertise in SEO, social, content writing, and more! If you are a growth marketer, skip this investigation with your customers; we would like to know why they liked working with you.
If you’re curious about how these surveys shape our coverage, check out this interview with Anna Heim and Tuff: “Growth Marketing Isn’t A Magic Trick, Says Tuff’s Ellen Jantsch.”