To get a roundup of Biomedarticles’s greatest and most important stories delivered to your inbox every day at 3:00 p.m. PDT, subscribe here.
Hello and welcome to Daily Crunch for July 12, 2021. You probably saw a soccer game, a spaceplane, or both yesterday. Today we have a little more on the latter in the newsletter than on the former, but we can all agree with that regardless of whether you waved an English or Italian flag yesterday. – Alex
The Biomedarticles top 3
- Flipkart is now worth $ 37.6 billion: An expected investment in Flipkart has been made, with the Indian e-commerce player raising around $ 3.6 billion in a single deal. It’s a huge round and a huge amount of support from the wider Indian startup ecosystem. Now we just have to wait for the company to go public!
- Virgin Galactic flies (mostly): Quite a few people tuned into Virgin Galactic’s space Dalliance rocket plane this weekend. The production had a few hiccups and more than a couple of rampant moments that could have been cut out, but it went largely smoothly. The former SPAC startup quickly decided after its success to raise half a billion dollars. Unlike its space tourism vehicle, however, Virgin Galactic’s shares didn’t make the news.
- Let the billionaires fight: Her humble servant delved into the controversy surrounding the current competition between various billionaires building space companies and battling to be the first in various space achievements. Tax the rich I think, but let them fight it out in the meantime.
Startups / VC
We’re about to have our regular list of funding rounds, but today we’re kicking off our startup coverage with this headline from today: “Elevate Brands Banks $ 250 million to aggregate third party retailers selling on the Amazon marketplace.”
The headline should look a little familiar to us, as we’ve seen similar messages from other groups. As our own Ingrid Lunden We’ve reportedly seen similar offerings from Thrasio, The Razor Group, Branded, SellerX, Perch, and others. The idea of buying up smaller Amazon retailers is such a potentially lucrative bet that kajillions of dollars will flood the zone. How many winners we will see is the next question.
Now back to our regular program:
- Gembah wants to simplify product creation: The Austin-based startup now has $ 11 million to pursue its vision. How does she go about her mission? By building a platform / marketplace that guides users through the work of product creation. Did we need more stuff? Probably. Gembah wants to help.
- India’s next technology IPO: This time around, it’s MobiKwik, a mobile wallet startup aiming for an IPO worth $ 255 million. We have some of his financial stats, including last fiscal year revenue that dropped to $ 40.5 million. So it’s a smaller company, but we love to see IPOs regardless of their size.
To close startup coverage today, fake toys. If you’ve been on Twitter today, there’s a good chance you’ve seen people post pictures of toys that look like failed tech products. Think of the Theranos unit or the Juicero machine.
Biomedarticles Grand Duke Matthew Panzarino wrote that an “ideas factory / art house” called MSCHF is making the “hardness of hardware” more real by selling Dead Startup Toys made of vinyl.
Do not laugh. That’s actually a bit neat. Remember: don’t you want a fake little juicero on your desk that you toss against the wall here and there when you get angry? I do.
The most important API metric is the time to first call
Publishing an API is not enough for a startup: once it’s published, the hard work of maintaining a developer base begins.
Postman’s Head of Developer Relations, Joyce Lin, made a guest post for Extra Crunch based on the results of a study aimed at increasing adoption of APIs that use a public workspace.
Lin found that the most important metric for a public API is time to first call (TTFC). It makes sense – faster TTFC allows developers to quickly start using new tools. As a result, “TTFC’s legitimate streamlining is leading to a greater market potential of more educated users for the later stages of your developer journey,” Lin writes.
This post isn’t just aimed at the developers in our audience: TTFC is a metric that product and growth teams should also keep an eye on, they suggest.
“Even if your market is defined as a limited subset of the developer community, any improvements you make to TTFC correspond to a larger available market.”
(Extra Crunch is our membership program that helps founders and startup teams move forward. Here you can sign up.)
Big Tech Inc.
There was a lot going on for the bigger tech companies in the world today, so let’s dive right in:
- A modest improvement for Android: If you’re using Android 12, you may be able to start playing a little faster in the future. Google just announced a feature that would allow users to launch new games before they are fully downloaded. This has been accessible for some PC games for a while, but it’s nice to see on the mobile platform. We are really at the end of the innovation cycle for the current smartphone era.
- Microsoft is buying more cybersecurity: Microsoft confirmed previous reports that it would buy RiskIQ. The price was not disclosed, but Bloomberg had previously reported that it would be more than $ 500 million in cash. On this morning’s podcast, we discovered that this isn’t a high price to pay for Microsoft, even though the bigger company has a keen interest in making more people safer.
- Elon defends the SolarCity deal: Today’s MuskWatch is all about a deal from the past. Namely the Tesla SolarCity deal worth $ 2.6 billion. Some shareholders are calling the deal a bailout. Musk blamed various factors for the so-called underperformance of his automaker’s solar division.
Biomedarticles Experts: Growth Marketing
We reach out to startup founders to let us know who to turn to for the latest growth marketing practices. Fill out the survey here.
Read one of the recommendations we received below!
Marketer: Maya Moufarek, Marketing Cube
Recommended: Nikki O’Farrell, www.KatKin.club
Recommendation: “Expert with ears and eyes from the world of startups / scaleups and growth. Their functional and direct approach enables you to work quickly and see results quickly. “