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Happy Monday Crunch!
Haje is wrapping up this newsletter before going to TechCrunch Early Stage 2023 in Boston on April 20th. It’s not too late to get your ticket! Meanwhile, today on the Equity Podcast, the pod staff, What’s the Price of Angry Bird? Turns out, Sega thinks it’s $775 million for the entire Bird Farm.
TechCrunch’s Top 3
Apple’s announcements were big for readers today, so here we go:
- Psst, want to install an app?Apple likes to keep things to the vest, though Ivan The consumer tech firm is considering letting people install apps on their iPhones in iOS 17, he wrote.
- Apple makes things interestingLast October, Apple unveiled a new financial product, and today the company spilled a little more tea about its Apple Card Savings Account, which reportedly has a 4.15% interest rate. Roman.
- Look at thisApple Watch users have been waiting – shall we say patiently? – For new software updates. all right, Sarah As reported today, the time It might get the biggest software update since its launch in 2015.
Startups and VCs
An $810 million deal to buy Angry Birds maker Rovio fell through in January, but the company has indicated it is still in talks with other interested parties. today, Paul Japan’s gaming giant Sega has confirmed that it has bought Finland’s Rovio for $775 million in all cash, with the deal officially off the table.
As the economy has strengthened, many companies have shifted from buying to renting. There is an acronym for this – XaaS, or “Everything as a Service” also called “Delivery as a Service”. An example of this is ServiceNow, which automates services for enterprise operations. A new player in this space is Equipme out of Germany, which raised $3.8 million in a seed investment round led by La Famiglia VC. Mike He wrote.
And we have five more for you:
No, you’re not raising money to increase your runway.
came You will often hear that founders are raising money to raise their startup for 18 to 24 months. In a sense, that’s correct, but only from a beginner’s point of view.
That’s not what an investor wants. It is not a fundraising goal that will keep your company alive for a year and a half; This is a side effect at best. Ask yourself – what will happen at the end of those 18 months?
Founders need to let investors know what funding will unlock. That is expressed in terms of elevation, not time. The goal is to change the company enough to get you to do things you can’t currently do, and in this episode, Haje explains how.
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.
It was no “up, up and up” today for SpaceX, which is trying to fly its Starship launch system for the first time. Arya He reported that the flight test was turned into a wet suit exercise due to an ice pressure valve. Now SpaceX is looking at April 19 as the next date to try again.
Luxury car enthusiasts gather. Mercedes launches the Maybach EQS SUV, which includes features Matt It’s dripping with elements of historic Maybach design: two-tone paint, alloy wheels, correct hood ornament and yes, even though it’s electric and there’s no radiator to protect it.
Now here are five more for you: