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Monday is here and we’re excited to launch into another week of summer tech news. Apropos of summer: As venture capitalists stop answering their phones to drink elderflower and lime martinis, play pickleball, caving in Bitcoin mines, and kitesurfing (I can only assume that’s what they do venture capitalists on their summer break), gives us tech reporters a little more time to delve into some of the stories and companies that have been piquing our curiosity.
In my distant past as a startup founder, long before I became a writer at TechCrunch, exhibiting at TechCrunch Disrupt turned out to be a great moment for my first startup. As the founder of an early-stage startup, you know hustle is part of the game; If your company does not have the budget to attend, you can apply to be a volunteer and attend that way. Don’t miss the frequently asked questions from volunteers to see if this is a good option for you! — Haje
TechCrunch Top 3
Startups and VCs
The regulatory environment surrounding cryptocurrencies is changing in the US as the SEC targets major players in the web3 world, promising to shake up business as usual with aggressive action. David Nage discusses how regulatory scrutiny is affecting venture investing in web3. It’s a great conversation with Luke Y Anita on this week’s episode of Chain Reaction, for podcast fans.
Oui Capital, an Africa-focused venture capital firm based in Lagos and Massachusetts, announced today that it has completed the first closing on its $30 million investment second background, Label reports. The firm seeks to strengthen its presence in the continent.
More more more:
- headline of the week: Ugh, why is it natasha m so good! Don’t miss his Startups Weekly, the succinct summary of what’s what in startup land last week. Also, “The bootstrapped are coming, the bootstrapped are coming” is just direct :chefs-kiss:.
- Like the games, but more chained.: The runaway success of Axie Infinity and StepN has convinced a wave of entrepreneurs that web3 gaming is the future. In Ritapiece of Gaming Veterans Vow to Make Blockchain Gaming Fun and Sustainable.
- Still the same, just with fatter chests: Equal Ventures has a new pair of funds. The New York City-based firm has closed a second $95 million fund and its first opportunity fund, worth $75 million, natasha m investigated from the company’s SEC filings.
- talk to the machine: UiPath has acquired Reinfera London-based startup that is developing natural language processing (NLP) tools for businesses, Pablo reports.
- Ixnay at the Chipper Cash: Kenya has targeted all banks stop dealing with chipper cash and flutterwavealleging that the companies are not licensed, annie reports.
- More buoyant climate market: The climate-focused value chain Buoyant Ventures targets a $100 million fund as the climate market continues to evolve, harry reports.
Create a strong platform for your quarterly board meetings
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Image credits: Hiroshi Watanabe (Opens in a new window) / fake images
Board meetings are great for getting feedback on your progress and future plans, 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 “make sure 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 a sense of direction, it also gives you an opportunity to build your relationship. People appreciate the opportunity to weigh in,” she says.
Khan also presents seven tips for creating a presentation to give your board updates on your progress, plans, the product, and finances.
(TechCrunch+ is our membership program, helping startup founders and teams get ahead. You can sign up here.)
great tech inc
Hyundai is considering acquiring South Korea-based lidarless autonomous mobility platform 42dot. A 42dot spokesperson said Kate that the startup is in talks, but warned that terms, including stake size and deal valuation, have yet to materialize.
In one of the most baffling moves in a long time, Spotify announced that it will introduce a Play button and Shuffle button at the top of album playlists to make it easier to play music just the way you like it. Sarah reports. Plot twist: separate buttons are only available to paid subscribers. As Sarah concludes, “Streamers may be disappointed to find that what should be an app update in favor of better usability is being strangely sold to them as a reason to upgrade.”
A little more:
- You never know when you need jeans in 25 minutes.: e-commerce giant Amazon launches same-day delivery from select retail stores, including PacSun and Diesel, Aisha reports.
- Twitter without account in tests: Ivan informs about a new Twitter test, where you can now use Twitter iOS app without signing up for an account.
- Pinterest blends into your mood boards: social media company Pinterest debuts a new app, Shuffles, to make collages and mood boards, Sarah reports.
- uh oh: Things are getting (even more) interesting in the land of hackers, as Hackers steal passwords to access 140,000 payment terminalsreports zack.
- The AI could be going too far: There’s a reason more than 450,000 people read Emerging Tech Brew: the thrice-weekly email that delivers the latest tech news that impacts 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 out. To stay up to date on the latest technological and artificial intelligence advances, sign up for the Emerging Tech Brew newsletter free.