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Suborbital space tourism finally arrives | FCC prepares to run public C-band auction | The big four in the U.S. launch industry — United Launch Alliance, SpaceX, Blue Origin and Northrop Grumman — hope to be one of two providers that will receive five-year contracts later this year to launch national security payloads starting in 2022. | China’s launch rate stays high | The International Space Station is the largest ever crewed object in space.

 
Fintech unicorn Affirm has a lot of...
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. This week wound up being incredibly busy. What else, with a week that included both the Airbnb and Affirm IPO filings, a host of mega-rounds for new unicorns, some fascinating smaller funding events and some new funds? So we had a lot to get through, but with Chris and Danny and Natasha and your humble servant, we dove in...

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S16 Angel Fund launches a community of...
Ten years ago a group of young tech founders in Moscow decided to get an apartment together, at Shmitovskiy lane 16. In time, the ecosystem around the group swelled to the point where today it now encompasses 300 entrepreneurs, executives, artists, and many other industries. The group now organizes the annual ‘Founders for Founders’ conference, in Russia and other locations. Just as in other places around the world, the members decided to help each other. So they formed the...

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Pre-seed fintech firm Financial Venture Studio closes...
Fintech has come into its own the past few years. Once an area of investment widely derided and avoided by VCs due to its regulated nature and entrenched incumbents, fintech has now emerged as one of the most popular categories for investment, buttressed by multiple, multi-billion dollar exits in just the past year like Plaid, CreditKarma, and Galileo. Yet, building fintech apps and systems still requires a lot of finesse. There are those pesky regulations that make a cold...

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Affirm files to go public
Affirm, a consumer finance business founded by PayPal mafia member Max Levchin, filed to go public this afternoon. The company’s financial results show that Affirm, which doles out personalized loans on an installment basis to consumers at the point of sale, has an enticing combination of rapidly expanding revenues and slimming losses. Growth and a path to profitability has been a winning duo in 2020 as a number of unicorns with similar metrics have seen strong pricing in their...

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Daily Crunch: Apple cuts App Store fees
Apple is making a big shift in App Store fees, Duolingo raises more funding and Pfizer releases updated vaccine results. This is your Daily Crunch for November 18, 2020. The big story: Apple cuts App Store fees Apple is cutting the 30% fee it normally charges for App Store transactions to 15% for some developers — specifically, those who, after Apple’s commission, earn less than $1 million per year. The company estimates that this will impact the “vast majority”...

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What China’s fintech market can teach the...
If you want to know what the future of finance looks like, head east, where it’s already been laid down in China. Digital payments through mobile phones are ubiquitous, and there is incredible innovation around lending, investments and digital currencies that are at the vanguard of global financial innovation. Take the cover photo of this article: At Alibaba, facial recognition software identifies customers at the employee cafeteria, while visual AI identifies foods on their tray and calculates a total...

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Language learning app Duolingo confirms it has...
Last week, we reported that popular language learning app Duolingo, with 500 million total app downloads​, was raising $35 million on a valuation of at least $2.21 billion — the latest chapter in what has become a long book on how e-learning and other education startups are raking in big audiences and significant funding, a byproduct of the Covid-19 pandemic driving more people indoors and on to screens for all of their interactions. (Fittingly, Duolingo’s details were part of...

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Cryptocurrency exchange Liquid confirms hack
Cryptocurrency exchange Liquid has confirmed it was hacked, but that the scope of the incident is still under investigation. The company’s chief executive Mike Kayamori said in a blog post the attack happened on November 13. The hacker gained access to the company’s domain records, allowing the hacker to take control of several employee email accounts, and later compromised the company’s network. Kayamori said that while cryptocurrency funds are “accounted for,” the hacker may have accessed the company’s document...

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Bitcoin is rallying
Just in case you hadn’t heard, or are annoyed that folks aren’t writing about it: Bitcoin is rallying, up around 16% in the last week to a value of a little more than $18,000 as of this morning. Here’s a chart of its recent gains, via YCharts (note, it’s a tiny bit behind, so use the chart as a directional instead of absolute tool): What else is there to say about the rally? We could note that bitcoin miner...

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Construction tech startups are poised to shake...
Allison Xu Contributor Allison Xu is an investor at Bain Capital Ventures, where she focuses on investments in the fintech and property tech sectors. In the wake of COVID-19 this spring, construction sites across the nation emptied out alongside neighboring restaurants, retail stores, offices and other commercial establishments. Debates ensued over whether the construction industry’s seven million employees should be considered “essential,” while regulations continued to shift on the operation of job sites. Meanwhile, project demand steadily shrank. Amidst...

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Mati reshapes online trust and reputation with...
Meet Mati, a startup that recently raised a $13.5 million Series A round to build a digital reputation API that could change the way you interact with online services. Mati uses an API-first approach and lets users seamlessly share pieces of their legal identity. Investors in today’s funding round include Tribe Capital with Arjun Sethi joining the board, Jerry Murdock from Insight Partners, Sima Gandhi who is the former head of business development and strategy at Plaid and Will...

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Trust & Will raises $15M as digital...
Let’s get something morbid out of the way right up front: estate planning is a growth business in 2020. Whether you need to create or update a will, build a family trust, or sign over power of attorney for end-of-life decision-making, it’s been a heck of a year for many families, and even more people are starting to think about these instruments if anything worse happens this year (and there are still six weeks left!) In the United States,...

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As COVID surges, what can data tell...
This is The TechCrunch Exchange, a newsletter that goes out on Saturdays, based on the column of the same name. You can sign up for the email here. DoorDash filed to go public on Friday, meaning we’ll have at least one more unicorn IPO before 2020 comes to a close. For a high-level look at its numbers, I wrote this, Danny covered who will profit from the deal, and I noodled on the impact of COVID-19 on its business. I bring...

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DoorDash IPO bets that the pandemic has...
Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7 a.m. PT). Subscribe here. DoorDash has become the go-to delivery choice for millions of people cooped up during the pandemic this year. Now it has filed an S-1, revealing its financials as it nears a long-intended IPO. These innards show an exciting business — and a larger story about how the year is going for tech companies in general. When...

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Extra Crunch roundup: Inside DoorDash’s IPO, first-person...
One of my favorite series of Monty Python sketches is built around the concept of surprise: Chapman: I didn’t expect a kind of Spanish Inquisition. Cardinal Ximénez: NOBODY expects the Spanish Inquisition! I was reminded of this today when I needed to reschedule a few stories so we could cover DoorDash’s S-1 filing from multiple angles. First, Managing Editor Danny Crichton looked at how well the company’s co-founders and many investors stand to make out. Alex...

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