AWS unveils new open source Karpenter autoscaling tool at customer conference – TechCrunch
For a rundown of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3:00 p.m. PST, subscribe here.
Hello and welcome to the Daily Crunch on Tuesday, November 30, 2021! This is the last newsletter of the month, which means that tomorrow is December. Prepare for the last few weeks of news before the Christmas / Holiday news freeze sets in. There are still a few IPOs left, so don’t log out yet! –Alexis
The TechCrunch top 3 4
- Nubank reduces the IPO price range target: Bellwether’s Brazilian tech company Nubank reduced its price bracket ahead of its public offering. In short, the neobank will sell its shares at a lower price than it had expected, thereby reducing the size of its impending capital increase and also reducing its valuation in the public market. TechCrunch investigated whether the news mattered more to Latin American startups. (Read more about the company’s economics here.)
- Facebook said to sell Giphy: Remember when Facebook bought Giphy, the GIF search engine? Well, the Autorité de la concurrence et des Marchés, the UK competition watchdog, is asking the US social media giant to reverse this purchase. A rare moment when a big tech company is told no.
- Additionally, Facebook’s crypto executive is leaving: Another Facebook executive takes off, crypto leader David Marcus. The news comes after “Facebook CTO Mike Schroepfer announced he was stepping down after 13 years with the company” in September, TechCrunch notes.
- Digital sales disappoint during fauxliday shopping: After disappointing online sales on Black Friday, TechCrunch looked at e-commerce sales growth more generally, “Consumer awareness of supply chain shortages and even past deals may have helped. to a slight decline in e-commerce sales in the United States during Cyber Week, ”Sarah Perez reports.
Startups / VC
Before we get into our daily roundup of startup events, the HashiCorp IPO is shaping up to be a good corker. The US cloud infrastructure management company is aiming for a pretty high price for its shares, at least in terms of multiple revenues. Good news for open source startups in general? We think so. (More information on its economy here.)
- BeerOrCoffee raises $ 10 million: Notably, BeerOrCoffee is not an artisan, DTC, a self-service consumer beverage company. Instead, the São Paulo-based startup offers flexible office spaces. TechCrunch has deepened its operations and the recent rise of the A-Series.
- Money, attention or calculation? Massive, a startup, wants to give consumers around the world a different way to pay for apps. Not with their currency (subscriptions) or their attention (announcements), but with their available computing time. We had questions, but the model sounds pretty good.
- Fundbox shows that SMEs can create unicorns: Forget the old VC rule that selling to SMBs is bad business. There are simply too many successful startups looking to sell to small businesses for the old saw to be anything but toothless. Fundbox’s new $ 1.1 billion valuation is proof of that, with the SME-focused fintech adding nine figures to its accounts in one sip.
- The other way to make money from trucking: Of course, we’ve read a lot about self-driving semi-trailers and how computers will soon be driving our big trucks. But, in the meantime, CloudTrucks is raising cash to develop its software business for trucking companies that still employ human drivers. The company just closed a massive $ 115 million run B.
And for startups looking to raise funds, a little news on venture capital funds for your diversion:
- Sapphire Ventures raises $ 2 billion: For its sixth main fund and its third “opportunity” fund, Sapphire Ventures has accumulated 10 figures of capital. That’s Smaug-level loot, and indicative, I believe, that I’ll be boring Jai Das of the company at least four times a quarter in 2021 for notes on what he’s seeing in the market.
- Partech raises $ 750 million for a second growth fund: Normally, a venture capital firm raising hundreds of millions of dollars doesn’t give me the pulse, even a single BPM. However, as Partech is based in Paris, I have to admit that I found the news to be more than notable. Remember when the startup scene in Europe was seen as a business too? It was some time ago now.
3 opinions on Jack Dorsey’s decision to quit Twitter CEO
Jack Dorsey was Twitter’s first CEO – and also its fourth.
He led the platform from its launch in 2006 until he passed the torch to co-founder Ev Williams two years later. In 2015, Dorsey returned to this role, even though he was simultaneously CEO of the fintech platform Square.
“There is a lot of talk about the importance for a company to be ‘run by its founder,’ he wrote in a letter to employees.
“At the end of the day, I think it’s very limiting and it’s a single point of failure. I worked hard so that this company could break with its founder and its founders.
The Equity podcast team discussed his departure in a TechCrunch + article yesterday afternoon:
- Alex Wilhelm: a call to return to the old normal from the new normal
- Natasha Mascarenhas: A reset would rewrite the way VCs and entrepreneurs do business
- Amanda Silberling: founders are not rock stars
Big Tech Inc.
Today’s Big Tech news comes in two parts. There’s today’s news on huge tech issues, and then there’s a whole bunch of AWS related news from our corporate team.
- European AI regulations may lack teeth: According to our own Natasha Lomas, a range of civil society organizations have come to the opinion that a ‘bill’ in Europe ‘falls far short of protecting fundamental rights from damage caused by AI, such as large-scale discrimination and black box prejudices ”.
- Mercedes invests in Factorial Energy: Sure, we could have put this entry in the startups section, but how often do we see the parent company of the reigning F1 champions, the Mercedes-AMG Petronas Formula 1 team, on our pages? Rarely. Either way, Factorial is working on solid-state batteries for cars, so you can see why the Silver Arrows family of companies was interested.
- Twitter cracked down on abusive image / video posts: In baby The CEO’s first public relations crisis, Twitter announced today that it will “ban the sharing of images or videos of individuals without their consent.” The problem is, some videos, well, will never get consent from, say, the cops, despite being in the public interest. Twitter noted a nuance of public interest, but some people were still angry.
And then, the deluge of Amazon / AWS news:
TechCrunch wants you to recommend growth marketers who have expertise in SEO, social, content writing, and more! If you are a growth marketer, pass this survey on to your clients; we would like to know why they liked working with you.
If you’re curious about how these polls shape our coverage, check out this TechCrunch + article by Kerry Cunningham, “Product-led growth and signal substitution syndrome: Bringing it all together”.