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Monday is here and we’re excited to jump into another week of summer tech news. Speaking of summer, as VCs stop answering the phone to drink elderflower-lime martinis, play pickleball, snoop around the bitcoin mines, and kitesurf (I can only assume VCs do this on their summer break), it gives us tech reporters a little more time to dig deeper into some of the stories and companies that piqued our curiosity.
In my distant past as a startup founder, long before I became a writer at TechCrunch, Exhibiting at TechCrunch Disrupt was a big moment for my first startup. As an early-stage startup founder, you know that rushing is part of the game; If your company does not have the budget to participate, you can apply to volunteer and participate that way. Don’t miss the volunteer FAQ to see if this is a good option for you! — hey
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Startups and VCs
The regulatory environment surrounding crypto is shifting in the US as the SEC targets big players in the Web3 world and promises to shake up normal business with aggressive measures. David Nage discusses how regulatory scrutiny impacts risky investments in web3. It’s a great conversation with Luke and anita on this week’s episode of Chain Reaction, for you podcast fans!
Oui Capital, an Africa-focused VC firm based in Lagos and Massachusetts, announced today that it has completed the first close of its second $30 million fund. days reports. The company wants to strengthen its presence on the continent.
More more more:
- headline of the week: Ugh, why is Natasha M so good! Don’t miss their Startups Weekly, the succinct summary of what’s been happening in startup land for the past week. Also “The bootstrapped are coming, the bootstrapped are coming” is just :chefs-kiss:.
- Like games but more chained: The resounding success of Axie Infinity and StepN has convinced a multitude of entrepreneurs that Web3 gaming is the future. in the Rita‘s piece, gaming vets promise to make blockchain gaming fun and sustainable.
- Still the same, just with bigger coffers: Equal Ventures has a new pair of funds. The New York City-based company has closed a second $95 million fund and its first $75 million opportunity fund. Natasha M tracked down from the company’s SEC filings.
- Talk to the machine: UiPath has acquired Reinfer, a London-based startup that develops natural language processing (NLP) tools for businesses, Paul reports.
- Ixnay on the Chipper Cash: Kenya has ordered all banks to halt trading in Chipper Cash and Flutterwave, claiming the companies are unlicensed, annie reports.
- More Lively climate market: Climate-focused VC Buoyant Ventures seeks $100 million fund as climate market evolves, Harry reports.
Build a solid deck for your quarterly board meetings
Board meetings are great for getting feedback on your progress and your plans for the future, but what’s the best way to tell them what’s going on?
According to Ridge Ventures partner Yousuf Khan, “often the best and easiest way to ensure you’re giving board members the information they want to see is to simply ask them.”
“Reaching out to your board not only helps provide guidance but also gives you an opportunity to build your relationship. People appreciate the opportunity to get involved,” he says.
Khan also shares seven tips for building a presentation to give your board updates on your progress, plans, the product, and finances.
(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)
Hyundai is considering acquiring South Korea-based lidar-free autonomous mobility platform 42dot. A spokesman for 42dot said Kate that the startup is in talks, but warned that terms, including the size of the stake and the valuation of the deal, have yet to materialize.
In one of the most head-scratching moves in a while, Spotify announced that it will be introducing a play button and shuffle button at the top of album playlists to make it easier to play the music the way you want it. Sarah reports. Plot Twist: The separate buttons are only available for paying subscribers. As Sarah concludes, “Streamers might be disappointed to find out they’re being strangely sold as a reason to upgrade what should be an app update for a better user experience.”
A couple more:
- You never know when you’ll need jeans in 25 minutes: E-commerce giant Amazon is rolling out same-day delivery at select retail locations including PacSun and Diesel, aisha reports.
- Accountless Twitter in the test: Ivan reports on a new test by Twitter, where you can now use Twitter’s iOS app without signing up for an account.
- Pinterest blends into your mood boards: Social media company Pinterest is introducing Shuffles, a new app for creating collages and mood boards. Sarah reports.
- uh-oh: Things are getting (even) more interesting in the land of hackers, as hackers are stealing passwords to access 140,000 payment terminals, reports Zack.
- AI might go too far: There’s a reason over 450,000 people read Emerging Tech Brew – the thrice-weekly email with the latest tech news impacting you and your world. best part? It’s free and only takes 5 minutes to read, so there’s really no reason not to try it. Sign up for the free Emerging Tech Brew newsletter to stay up to date with the latest advances in technology and AI.