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What Square’s acquisition of Afterpay means for startups

On Sunday Square announced it was gobbling up Afterpay in a deal worth $29 billion at the time of announcement. Alex followed up yesterday with more details on why the deal made sense for Square and Afterpay over here, but we wanted to ask some notable VCs what it means for the startup market.
For context, the Square deal follows a ton of money and interest flowing into the BNPL market. Just this year, VCs have invested in companies like Alma ($59.4 million, January 2021), Scalapay ($48 million, January 2021), Wisetack ($19 million, February 2021), Zilch ($80 million, April 2021) and Dividio ($30 million, June 2021).

Most of the investors we …

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Moderne Ventures closes second fund with $200M, targets industry digital transformation

Since 2015, Constance Freedman, founder and managing partner of Moderne Ventures, and partner Liza Benson have built up a network of more than 700 executives across the real estate, finance, insurance and home services industries.
Today, their early-stage venture capital firm buttoned up an oversubscribed second fund, raising $200 million this time, to infuse capital into startups in and around those industries. Moderne’s newest fund includes new and returning high-profile strategic partners like AvalonBay Communities, Camden Property Trust, Greystar, JBG SMITH, Leading Real Estate Companies of the World, funds managed by Oaktree Capital Management and Realogy. The Chicago-based firm now has $350 million …

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For tech firms, the risk of not preparing for leadership changes is huge

Jason Dressel
Contributor

Jason Dressel is president of History Factory, which helps companies use their history and heritage to enhance and transform strategy, positioning, marketing and communication.

Every week over the past three and a half years, an average of three CEOs have exited tech companies in the U.S. That tally is higher — in good times and bad — than in any of the other 26 for-profit sectors tracked by executive search firm Challenger, Gray & Christmas. You’d think tech companies should be the paradigm of how to prep for leadership transitions, since they operate in such a constant state of …

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Extra Crunch roundup: Livestream e-commerce, growth marketing interviews, CEO for a day

This year, livestream viewers in China are projected to spend more than $60 billion on digital shopping experiences that let them interact with influencers in real time.
Promoting everything from cosmetics to food, social media stars use Taobao, TikTok and other platforms to livestream products and take questions from the audience.
On Taobao’s Single’s Day Global Shopping Festival in 2020, livestreams racked up $6 billion in sales, twice as much revenue as the year prior.
Sensing a trend, Western startups are getting in on the action, with companies like Whatnot and PopShop.Live raising rounds to build out their infrastructure. Looking …

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Introducing the Open Cap Table Coalition

Aron Solomon
Contributor

Aron Solomon, J.D., is the head of Strategy for Esquire Digital and the editor of Today’s Esquire. He has taught entrepreneurship at McGill University and the University of Pennsylvania, and was the founder of LegalX, a legal technology accelerator.

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If you don’t want robotic dogs patrolling the streets, consider CCOPS legislation

On Tuesday, the Open Cap Table Coalition announced its launch through an inaugural Medium post. The goal of this project is to standardize startup capitalization table data as well as make it far more accessible, transparent and portable.

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Early-stage founders: Beat the clock & buy a $79 Founder pass to TC Disrupt 2021

If you’re an early-stage founder, you’d be wise to make TechCrunch Disrupt 2021 (September 21-23) your must-attend virtual destination. It’s the OG of tech startup conferences, draws more than 10,000 attendees from around the world and features some of the most gifted, visionary minds and makers across the entire tech spectrum.
Cash-strapped founders in the early innings of their startup love to save money, and we get it in a big way. That’s why our Founder pass is the perfect choice for you. Right now, you can buy a Founder Pass for $79 but the clock is ticking on …

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48-hour countdown to early bird savings on passes to TC Disrupt 2021

What’s big enough, bold enough and influential enough to inspire more than 10,000 people around the world to carve out three days from their intensely busy schedules? If you said TechCrunch Disrupt 2021, the grand matriarch of startup tech conferences, well friend, you’d be right on the money.
And speaking of money, you have just 48 hours left to score the early-bird price on TC Disrupt Innovator, Founder and Investor passes. Buy any of these passes and attend all three days of Disrupt for less than $100. Here’s the catch: The early bird price expires on July 30 at 11:59 pm (PT).
Don’ …

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La era del espacio como negocio ha comenzado

El aniversario del alunizaje del Apolo 11 marcó un pequeño paso para los viajes espaciales, pero un gran salto para los multimillonarios con empresas espaciales.Este mes, Jeff Bezos y Richard Branson demostraron de manera vívida que al parecer es seguro, y sobre todo divertido, elevarse hasta los confines del cielo. Este planeta tiene tantos problemas que es un alivio escapar de él, aunque sea durante 10 minutos, que fue más o menos el tiempo de los viajes suborbitales que ofrecieron los empresarios a través de sus respectivas compañías, Blue Origin y Virgin Galactic.Pero más allá de la estupefacción había un …

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Tennis, Everyone?

For every dismissal, there was someone willing to help. A tweet sent to Caitlin Thompson, the publisher of the independent tennis magazine Racquet, led to a meeting. “We became hitting partners because I was really intrigued about the idea of new equipment in the space,” said Ms. Thompson, who has used the Furi rackets, grips and bags.She sees Furi’s opportunity in its positioning as a beginner-friendly option for recreational players, a rare direct-to-consumer brand (think of what Casper did for mattresses) in a market steeped in pro-shop culture.“So much of tennis is catered toward this notion of …

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Tennis, Everyone?

For every dismissal, there was someone willing to help. A tweet sent to Caitlin Thompson, the publisher of the independent tennis magazine Racquet, led to a meeting. “We became hitting partners because I was really intrigued about the idea of new equipment in the space,” said Ms. Thompson, who has used the Furi rackets, grips and bags.She sees Furi’s opportunity in its positioning as a beginner-friendly option for recreational players, a rare direct-to-consumer brand (think of what Casper did for mattresses) in a market steeped in pro-shop culture.“So much of tennis is catered toward this notion of …

Read More