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Well, hello there! came It’s starting at the beginning of the weekend, so for the next couple of days it’s going to be you and me. I was in the Tech Crunchers group after the pitch at Y Combinator’s Demo Day. Here’s part 1 of our favorites, with part two coming later today. With news! – Christine
TechCrunch’s Top 3
- Only half?: Twitter is rolling out some new features for blue subscribers that will show 50% more ads on their timelines than what non-paid users see. Ivan Reports.
- Absorbing the competitionThe U.K.’s Competition and Markets Authority is closely monitoring Amazon’s $1.7 billion purchase of iRobot to see if there are any minor competition risks. Paul He wrote.
- Get your facts straightThis is what the Indian government has to say to Facebook, Twitter and other social media companies about posting any false information. That now includes discontinuing online betting games. Manish Reports.
Startups and VCs
Meal replacement startup Yfood has done something today. Ingrid According to reports, Nestlé closed a deal worth $469 million for Yfood when it bought the company. She wrote, “The Yifood chapter should give the food technology community something worthwhile to chew on. The intersection of technology and food has been playing out as a theme in the startup world for years, bringing a hacker mentality to the field of technologists and entrepreneurs to adopt new ways of sourcing, preparing, selling and distributing food and drink. “
Meanwhile, Canaan closed two new funds — the 12th Major Fund for early-stage tech and healthcare startups and the Opportunity Fund — totaling $850 million. That hedge fund might be raising some eyebrows. Connie “Some institutional investors personally say they don’t like backstage funds handled by junior investors because it complicates their ability to properly diversify their own investments. Connie said the market may be slowing, but venture capital firms continue to raise large amounts of money, as S2G Ventures did today.
Now here are five more for you:
Funds that offer ‘friends and family’ checks can make the difference that underrepresented founders need.
America’s longstanding wealth disparity between white and black families contributes to the disparity among startup founders.
Median liquid wealth for a black household in America is $3,630, but this figure rises to $79,000 for a white household. As a result, “the average black founder collects less than $1,000 from family and friends,” reports Dominique-Madori Davis.
Since the average friends-and-family round is $23,000, they “should protect the total liquid assets of six black families,” according to a white paper by venture fund Fifth Star.
Three more from the TC+ team:
TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech Inc.
No personal data for you! Google is saying it will restrict personal loan apps from accessing users’ photos and addresses amid growing predatory behavior by some lenders. Jagmet He wrote.
You’ve all proven to be car enthusiasts, so here you go PatrickWe’ll cover all the highlights at the 2023 New York Auto Show.
Oh wait, there’s more: