Daily Crunch: Don’t post your darkest, deepest secrets on Twitter Circle

by Ana Lopez

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Happy Monday Crunch! There is only one month left to submit nominations for Startup Battlefield 200, so if you want to stand on the businessupdates.org stage and catapult yourself to fame, fortune and the attention of every startup, investor and journalist in the room, maybe start with that!

Oh, and did you know that our Found podcast is eligible for a Webby award?

Christine And Hey

The businessupdates.org Top 3

  • Welcome to our inner circle, made from Swiss cheese: Amanda has a PSA for you: “Don’t post your deepest, darkest secrets on your Twitter circle.” There’s a bug (yes, another one) going around that causes those tweets to go out to people who aren’t in your “circle of trust.”
  • All the benefits, none of the ads: YouTube Premium, the $11.99 a month version of the platform, now has some new features, including Apple SharePlay support, higher quality video, and ways to manage your queue. Sara has more.
  • I knew what you know about a good melon: Rob Solomon, former GoFundMe chairman and president, finds his next big thing in digital trading by starting Kite with investment firms Juxtapose and Blackstone. The firms pumped $200 million into the new company, which will invest in, acquire and operate high-potential, digital-first consumer product brands. Christine reports.

Startups and VC

Many insurtechs solve for insurance distribution and policy administration. Instead, Axle provides access to real-time insurance data, automated insurance verification, and ongoing coverage monitoring, helping customers, such as car rental companies, reduce their operating costs, Christine reports.

Things slowed down a bit over the holiday weekend, but here are a few more to watch:

  • AI probably can: Devin went through the Y Combinator Demo Day and notes that the last batch was definitely a lot of “maybe AI can do this?”
  • Who is a good boy?: Pet influencers are hotter than ever. But how do dogs tax? Amanda miracles, discover it and share it with us.
  • Like a website for you ears: Don’t miss today’s episode of our Equity podcast where the team dives into the world of crypto price stability, Uber sales of Careem, and valuations for YC.
  • A long, slow march: Switch to TC+, Ron explores what happens if your boot fails.
  • We’re good, thanks: Also on TC+, Anna wonders, what if Scandinavian startups don’t need a Y Combinator?

In the new normal for VC, builders will win

A weathered tool box with a hammer lying on its side

Image Credits: LEREXIS (Opens in a new window) /Getty Images

Large VC firms secure deal entry using a complex mix of strategy, research and relationship building, but “looking deeply at each founder’s vision and initiative is the only way forward,” says Will Robbins, a general partner at Contrary Capital.

With so much capital readily available, “we will never go back to the days when venture capital firms could win by being the only term sheet on the table,” Robbins writes, sharing his view on collecting deal flow and building a technical stack, and production “for LPs thinking about the next decade.”

Three more from the TC+ team:

businessupdates.org+ is our membership program that helps founders and startup teams lead the way. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!

Big Tech Inc.

Give a big businessupdates.org welcome to one of our newest writers, Morgan sung. Today she has her first story on Meta Verified, which will give you a little blue tick next to your name. To get that check, however, you must use your legal name, a policy that has raised concerns in sex worker circles.

Meanwhile, Uber sold its stake in super-app Careem to Emirates Telecommunications for $400 million. Kirsten writes that Careem was founded in 2012 as a competitor to Uber and has since added other delivery features, including food and packages, bus services, and wire transfers. Upon completion of the sale, it will be split into two companies.

And we have five more for you:

  • Put them on hold: Ron writes that UK regulators could be right about obstacles to cloud portability.
  • I’m going to hug and squeeze him and call him George: If you’ve ever wanted your own chatbot, now you can create one. Sara reports on Poe’s AI chatbot app, which lets you create your bots using prompts.
  • How do you get that chicken on your head?: Basic virtual backgrounds are so 2021. A chicken on your head or a hug from a koala are soooo now, thanks to Snapchat lenses, which can be accessed during Microsoft Teams meetings. Aisha has more.
  • Where have all the PCs gone?: Brian reports that global PC shipments fell by a third in the first quarter, which is the fourth straight decline, by the way.
  • If you didn’t get enough Twitter above…: We have more for you here. Do you miss those official Russian accounts? Don’t worry, you can find them again in the search results, Ivan reports. Oh, and there was that whole thing about how Twitter won’t let you retweet, like, or comment on Substack links. Amanda has more.

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