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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.

Everything is a Brand

The dual PhD problem of today’s startups

July 19, 2020

One of the upsides of this job is that you get to see everything going on out there in the startup world. One of the downsides of this job is seeing just how many ideas out there aren’t all that original. Every week in my inbox, there is another no-code startup. Another fintech play for payments and credit cards and personal finance. Another remote work or online events startup. Another cannabis startup, another cryptocurrency, another analytics tool for some...

Daily Crunch: More details emerge in Twitter...

July 17, 2020

Fallout continues from this week’s big Twitter hack, podcaster Harry Stebbings launches a small VC fund and robots help with sorting the mail. Here’s your Daily Crunch for July 17, 2020. The big story: More details emerge in Twitter hack As we recapped in yesterday’s newsletter, a number of high-profile Twitter accounts were hacked earlier this week as part of what appeared to be a cryptocurrency scam. So how bad was it? “We have no evidence that attackers accessed...

Assessing the potential for a gig economy...

July 17, 2020

Rish Joshi Contributor Rish is an entrepreneur and investor. Previously, he was a VC at Gradient Ventures (Google’s AI fund), co-founded a fintech startup building an analytics platform for SEC filings and worked on deep-learning research as a graduate student in computer science at MIT. More posts by this contributor Generative algorithms are redefining the intersection of software and music Health APIs usher in the patient revolution we have been waiting for Over the past few years, personalized learning...

Former Atomico and SoftBank VC Carolina Brochado...

July 17, 2020

Carolina Brochado, the former Atomico partner and most recently a partner at SoftBank Vision Fund’s London office, has joined EQT to help launch a new fund dedicated to growth-stage investments, TechCrunch has learned. According to multiple sources, Brochado is part of a new growth fund team at EQT that will sit between its existing earlier-stage EQT Ventures and the more majority ownership-oriented EQT Private Equity. She’s currently thought to be out recruiting additional members of EQT Growth. Confirming Brochado’s...

Twitter won’t say if hackers accessed user...

July 16, 2020

Twitter has said that there is “no evidence” that attackers obtained user account passwords after its security breach on Wednesday, which forced the company to lock down user accounts to prevent verified users from tweeting. In a series of tweets on Thursday — almost exactly a day after the mass account hijacking started — the social media giant said: “We have no evidence that attackers accessed passwords. Currently, we don’t believe resetting your password is necessary.” “Out of an...

In the cloud era, building on platforms...

July 16, 2020

When Salesforce launched Force.com in 2007, it was the culmination of years of work to bring together a way to customize Salesforce and eventually to build applications on top of the platform. By using a set of Salesforce services, companies could take advantage of work that SFDC had already done, speeding up building time and reducing time to market. Today, the successor of Force.com is called Salesforce Platform. But going that route didn’t come without some risk, because back...

A hacker used Twitter’s own ‘admin’ tool...

July 16, 2020

A hacker allegedly behind a spate of Twitter account hacks on Wednesday gained access to a Twitter “admin” tool on the company’s network that allowed them to hijack high-profile Twitter accounts to spread a cryptocurrency scam, according to a person with direct knowledge of the incident. The account hijacks hit some of the most prominent users on the social media platform, including leading cryptocurrency sites, but also ensnared several celebrity accounts, notably Bill Gates, Jeff Bezos, Elon Musk and...

Apple, Biden, Musk and other high-profile Twitter...

July 15, 2020

A number of high-profile Twitter accounts were simultaneously hacked on Wednesday by attackers who used the accounts — some with millions of followers — to spread a cryptocurrency scam. Apple, Elon Musk and Joe Biden were among the accounts compromised in a broadly targeted hack that remained mysterious hours after taking place. Those accounts and many others posted a message promoting the address of a bitcoin wallet with the claim that the amount of any payments made to the...

Revolut partners with Paxos to bring cryptocurrency...

July 15, 2020

Neobank Revolut launched in the U.S. a couple of months ago. The startup is slowly catching up with features that are available in the U.K. and Europe. This time, Revolut is adding cryptocurrency trading through a partnership with Paxos. Users in the U.S. can now buy, hold and sell Bitcoin and Ethereum from the Revolut app. The feature is going to be available in 49 states as there are some regulatory issues in Tennessee. If you have USD or...

The IPO market stays hot, as nCino...

July 14, 2020

Despite some market chop, the U.S. IPO market is still active, with fresh debut nCino pricing above its elevated price range, and Jamf moving to start its pricing process after filing to go public at the end of June. In addition to the pricing news, yesterday evening saw e-commerce software company BigCommerce commence its own IPO journey. For the banking software company, its final IPO price of $31 per share means that it raised more capital than expected, filling...

Everything you could possibly want to learn...

July 14, 2020

TechCrunch’s first Early Stage event goes down in exactly one week, and we’re pretty freakin’ amped about it! Early Stage is unique in that it’s more of an entrepreneurial bootcamp, smashed into a two-day virtual format, than a traditional conference. Experts from across the industry will give presentations on a specific topic, from How To Draw Up Your First Contracts (James Alonso and Adam Zagaris) to How to Get People Obsessed with your Brand (Emily Heyward), and attendees will...

Robinhood raises $320M more, bringing its latest...

July 13, 2020

The stakes keep getting higher for American discount brokerage Robinhood, which today disclosed that it has added hundreds of millions of dollars to its previously disclosed funding round. Including the $280 million that the company had already announced, Robinhood said that it was “pleased to share” that it “raised an additional $320 million in subsequent closings.” Its now $600 million funding round brings its post-money valuation to $8.6 billion. Fortune first reported the news. (A detail, but the new...

Project Ubin, the Singaporean money authority’s blockchain...

July 13, 2020

The Monetary Authority of Singapore (MAS) and state investment firm Temasek announced today that Project Ubin, its blockchain-based multi-currency payments network, has proven its commercial potential after tests with more than 40 companies. The initiative was launched in 2016. A prototype developed by Temasek and J.P. Morgan began undergoing testing last year to see how well it would integrate with commercial blockchain applications. A report released today, commissioned by MAS and Temasek, said Project Ubin’s prototype was validated through...

nCino sharply raises its IPO price range,...

July 10, 2020

As expected, fintech company nCino has raised its IPO price range. The North Carolina-based banking software firm now expects to sell its shares for between $28 and $29 per share, far more than its initial price range of $22 to $24 per share. At its $28 to $29 per-share price interval, nCino is worth $2.50 billion to $2.59 billion, sharply more than its preceding $1.96 billion to $2.14 billion range. The valuation makes more sense for the company, given...

Daily Crunch: Apple releases public beta of...

July 9, 2020

A beta version of Apple’s latest mobile operating system is available to the public, Coinbase may go public and researchers discover a frightening smartwatch vulnerability. Here’s your Daily Crunch for July 9, 2020. The big story: Apple releases public beta of iOS 14 Developers are no longer the only ones who can try out the newest version of Apple’s mobile operating system — beta versions of iOS 14 and iPadOS 14 are now available to the general public. Romain...

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