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Hello! he came gives a head start to the weekend, so it will be me and you for the next two days. I was among a group of TechCrunchers watching pitch after pitch at Y Combinator’s Demo Day. Here is part 1 of our favourites. Keep up the news! — Christine
TechCrunch Top 3
- only half?: Twitter is rolling out some new features for Blue subscribers. This includes the ability to see 50% of the ads on your timeline compared to what free users see. Ivan report.
- suck up the competition: The UK Competition and Markets Authority is taking a closer look at Amazon’s $1.7 billion acquisition of iRobot to see if there are threats to reduced competition. Pole I am writing.
- clarify the facts: The Indian government has told Facebook, Twitter and other social media companies about posting false information. This now includes a crackdown on online gambling games. mannish report.
Startups and VC
Meal replacement startup Yfood did something today. Ingrid reports that Nestle has completed its acquisition of the company in a deal that values Yfood at $469 million. she wrote: The intersection of technology and food has been a theme in the startup world for years. Technicians and entrepreneurs are bringing hacking thinking to the scene, adopting new approaches to food and beverage procurement, preparation, sale and distribution. ”
Meanwhile, Canaan has closed two new funds. His 12th flagship and opportunity fund for early-stage technology and healthcare startups, totaling $850 million. That Opportunity Fund may be frowned upon. Connie “Some institutional investors have personally complained that they do not like late-stage funds hosted by early-stage investors. It complicates their ability to properly diversify their investments.” The market may be slowing, Connie said, but venture capital firms, like S2G Ventures today, continue to raise significant sums of money.
Here are five more.
Fund offering ‘friends and family’ checks could make a difference undervalued founders need
Image credit: Over Earth/Getty Images
The long-standing wealth gap between white and black American households contributes to the lack of diversity among startup founders.
The median liquid wealth for black families in the United States is $3,630, while for white families this number jumps to $79,000. As a result, “the average black founder can raise less than about $1,000 from family and friends,” she reports Dominic-Madori Davis.
The average friends and family round is $23,000, so “the entire liquidity of six black families should be secured,” according to a white paper from venture fund Fifth Star.
Three more from the TC+ team:
TechCrunch+ is a membership program that keeps founders and startup teams a step ahead. You can sign up hereUse code ‘DC’ and get 15% off your annual subscription!
Big Tech Co., Ltd.
No personal data of yours! Google says it will restrict personal loan apps from accessing users’ photos and contacts amid rising predatory behavior against borrowers from some lenders. jugmeat I am writing.
You guys are proving to love cars. Patrickcovers everything that stood out at the 2023 New York Auto Show.
Oh wait, there’s more:
