Startups

TechCrunch+ roundup: Automattic TC-1, federal startup grants, ‘getting s*** done day’

Comment

Amazing place to watch some animal in the bay area.
Image Credits: Philip Hoeppli (opens in a new window) / Getty Images

If you’re interested in writing a post for TechCrunch or TechCrunch+, please join the Twitter Space I’m hosting today at 3 p.m. PDT/6 p.m. EDT.

I’ll explain our editorial guidelines, the editing process and most importantly, the criteria we use to determine whether a post creates value for readers.

This Space is not a forum for pitching an article — if you’d like to submit your post for consideration, please email guestcolumns@techcrunch.com.

I’m looking forward to talking to you in person; please bring your questions!

In light of today’s chat, I’d thought it’d be useful to explain why we ran this guest post by Travelpayouts head Ivan Baidin touting the productivity gains created by introducing a GSSD program, aka “Getting S*** Done Day.”

One day every other week, Travelpayouts “employees define clear-cut goals and receive specific, usually non-trivial, tasks with little to no communication involved,” writes Baidin.

Getting S*** Done Day has allowed the team to address “sidelined” projects that may have seemed like small potatoes: rebuilding lifecycle emails, improving analytics and optimizing working hours.

Completing each of these “eternally postponed” tasks created incremental gains, says Baidin. “That is something we value a lot.”

This article contains strategic, actionable advice for implementing a GSDD program alongside the lessons the team learned as they identified problems with the experiment. It’s a classic TechCrunch+ “how-to.”

Thanks very much for reading!

Walter Thompson

Senior Editor, TechCrunch+
@yourprotagonist

How our startup boosted productivity with ‘get s*** done’ day

The Automattic TC-1

Image Credits: Nigel Sussman

Our latest long-form look at a notable tech company examines Automattic, “the leading commercial complement to the open source WordPress publishing platform.”

At 16 years old, the company is growing into a major media player: Its purchase of Tumblr expanded its reach into social media, and WooCommerce, its open-source e-commerce plugin for WordPress users, integrates with POS systems in the real world.

Broken into four parts, this series examines Automattic from multiple angles:

Part 1: How doing everything wrong turned Automattic into a multibillion dollar media powerhouse (origin story)

Part 2: There’s nothing Automattic about balancing commercial growth with an open source developer community (open source development)

Part 3: Can social and e-commerce transform the future of the open web? (acquisitions and future strategy)

Part 4: The future of remote work is text (remote work culture)

The Automattic TC-1

What we can learn from China’s mobile gaming economy

TIANJIN, CHINA - 2017/10/01: Young players compete in a battle match of the mobile game Arena of Valor, held in a shopping mall. Arena of Valor: 5v5 Arena Game, China's most popular mobile game developed by Tencent Inc, which is the world's largest mobile games developer. In the first half of 2017, the sales of China's online game market reached 99.78 billion yuan, of which the revenue from mobile games industry arrived at 56.2 billion yuan, ranking first in the world.
Image Credits: Zhang Peng (opens in a new window) / Getty Images

With budgets that go into the millions, video games are no small business. And the fast-growing mobile gaming sector is shaping up to be an even more lucrative market.

That’s especially true in the massive mobile game market in China, but the country’s strict regulatory requirements have given pause to international game developers looking to enter.

But there’s a lot to learn from how Chinese publishers have navigated the regulatory environment, writes Jeff Sue, GM of Americas at mobile ad platform Mintegral.

Sue dives deep into the Chinese mobile gaming sector in a TechCrunch+ guest post, outlining how global publishers can successfully advertise and capture market share in China by pursuing local partnerships, focusing on smaller, emerging Chinese cities and studying emerging social media trends.

What we can learn from China’s mobile gaming economy

Deep tech startups in need of funding should consider federal grants

Illustration of Uncle Sam's arm holding a coin to represent federal grant funding.
Image Credits: BergmanGroup (opens in a new window) / Getty Images

So far, 2021 seems like a golden era for raising startup funding, but deep tech startups still face challenges, as few VCs have the patience or risk appetite to experiment — or wait for their investment to show returns.

However, deep tech startups have one source of capital that can also impart a fair amount of prestige, according to CoCoPie co-founder and CTO, Xipeng Shen: Federal grants.

“Being selected out of thousands of U.S. applicants signals that your innovation has strong technical and commercial merit and the potential for broad U.S. economic impact,” he writes.

In a detailed post, Shen outlines the process they followed for acceptance into the Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) program, noting that his company is using the funding tactically “to convert our technology into a minimum viable product.”

Deep tech startups in need of funding should consider federal grants

The hyperactive open banking market of Latin America: How the region is being APIfied

Latin America
Image Credits: Bryce Durbin

Latin America is very quickly becoming a hotbed for fintech startups, and VCs, savvy or not, are rushing to invest.

There are a plethora of factors driving this growth, but one important focus of tech seems to be at the heart of the innovation here: APIs built around open banking.

In a traditionally restrictive banking environment, startups like Nubank and Rebaja Tus Cuentas are revolutionizing banking and financial services, and their efforts can be compounded by the use of open banking APIs, according to Ximena Aleman, co-founder and chief business development officer at Prometeo.

“An open API ecosystem, in which third-party service providers access consumer data from financial institutions, means financial services will be optimized to lower costs and time spent on transactions and improve user experience,” she writes in a TechCrunch+ guest post.

The hyperactive open banking market of Latin America: How the region is being APIfied

Rad Power Bikes founder Mike Radenbaugh on fueling the e-bike revolution

Illustration of Mike Radenbaugh, founder of Rad Power Bikes
Image Credits: Bryce Durbin

E-bikes just exploded in popularity during the COVID-19 pandemic, and no U.S. company in the sector has raised a bigger funding round than Rad Power Bikes’ $150 million raise this year.

Pockets full of cash, the direct-to-consumer company is looking to expand its international presence and scale aggressively while keeping its focus on the one thing that has helped it grow so far: “Being user-friendly,” says founder Mike Radenbaugh.

In a free-wheeling interview with Rebecca Bellan, Radenbaugh talked about the e-bike revolution, diversifying the supply chain, and if the boom in e-bike sales will last.

Rad Power Bikes founder Mike Radenbaugh on fueling the e-bike revolution

China’s changing regulatory environment isn’t stopping a venture capital frenzy

Image Credits: Nigel Sussman (opens in a new window)

The entire startup ecosystem gets downright jittery when China brings any new regulation into force — their livelihoods depend on it, after all.

But it seems there’s no slowing the thrust of VC investment in China. As Alex Wilhelm and Anna Heim found out this morning, the third quarter of 2021 has by far been the best ever for Chinese startups.

“Will future regulatory activity by the Chinese government manage to impact startup investing in the future? We do not know. But investors are laying bets like they do, which is worth noting.”

China’s changing regulatory environment isn’t stopping a venture capital frenzy

More TechCrunch

The struggle isn’t universal, however.

Connected fitness is adrift post-pandemic

Featured Article

A comprehensive list of 2024 tech layoffs

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized…

1 hour ago
A comprehensive list of 2024 tech layoffs

HoundDog actually looks at the code a developer is writing, using both traditional pattern matching and large language models to find potential issues.

HoundDog.ai helps developers prevent personal information from leaking

The changes are designed to enhance the consumer experience of using Google Pay and make it a more competitive option against other payment methods.

Google Pay will now display card perks, BNPL options and more

Few figures in the tech industry have earned the storied reputation of Vinod Khosla, founder and partner at Khosla Ventures. For over 40 years, he has been at the center…

Vinod Khosla is coming to Disrupt to discuss how AI might change the future

AI has already started replacing voice agents’ jobs. Now, companies are exploring ways to replace the existing computer-generated voice models with synthetic versions of human voices. Truecaller, the widely known…

Truecaller partners with Microsoft to let its AI respond to calls in your own voice

Meta is updating its Ray-Ban smart glasses with new hands-free functionality, the company announced on Wednesday. Most notably, users can now share an image from their smart glasses directly to…

Meta’s Ray-Ban smart glasses now let you share images directly to your Instagram Story

Spotify launched its own font, the company announced on Wednesday. The music streaming service hopes that its new typeface, “Spotify Mix,” will help Spotify distinguish its own unique visual identity. …

Why Spotify is launching its own font, Spotify Mix

In 2008, Marty Kagan, who’d previously worked at Cisco and Akamai, co-founded Cedexis, a (now-Cisco-owned) firm developing observability tech for content delivery networks. Fellow Cisco veteran Hasan Alayli joined Kagan…

Hydrolix seeks to make storing log data faster and cheaper

A dodgy email containing a link that looks “legit” but is actually malicious remains one of the most dangerous, yet successful, tricks in a cybercriminal’s handbook. Now, an AI startup…

Bolster, creator of the CheckPhish phishing tracker, raises $14M led by Microsoft’s M12

If you’ve been looking forward to seeing Boeing’s Starliner capsule carry two astronauts to the International Space Station for the first time, you’ll have to wait a bit longer. The…

Boeing, NASA indefinitely delay crewed Starliner launch

TikTok is the latest tech company to incorporate generative AI into its ads business, as the company announced on Tuesday that it’s launching a new “TikTok Symphony” AI suite for…

TikTok turns to generative AI to boost its ads business

Gone are the days when space and defense were considered fundamentally antithetical to venture investment. Now, the country’s largest venture capital firms are throwing larger portions of their money behind…

Space VC closes $20M Fund II to back frontier tech founders from day zero

These days every company is trying to figure out if their large language models are compliant with whichever rules they deem important, and with legal or regulatory requirements. If you’re…

Patronus AI is off to a magical start as LLM governance tool gains traction

Link-in-bio startup Linktree has crossed 50 million users and is rolling out the beta of its social commerce program.

Linktree surpasses 50M users, rolls out its social commerce program to more creators

For a $5.99 per month, immigrants have a bank account and debit card with fee-free international money transfers and discounted international calling.

Immigrant banking platform Majority secures $20M following 3x revenue growth

When developers have a particular job that AI can solve, it’s not typically as simple as just pointing an LLM at the data. There are other considerations such as cost,…

Unify helps developers find the best LLM for the job

Response time is Aerodome’s immediate value prop for potential clients.

Aerodome is sending drones to the scene of the crime

Granola takes a more collaborative approach to working with AI.

Granola debuts an AI notepad for meetings

DeepL, which builds automated text translation and writing tools, has raised a $300 million round led by Index Ventures.

AI language translation startup DeepL nabs $300M on a $2B valuation to focus on B2B growth

Praktika has secured a $35.5M Series A round to apply AI-powered avatars to language-learning apps.

Praktika raises $35.5M to use AI avatars to make learning languages feel more natural

Humane, the company behind the hyped Ai Pin that launched to less-than-glowing reviews last month, is reportedly on the hunt for a buyer.

Humane, the creator of the $700 Ai Pin, is reportedly seeking a buyer

India’s Oyo, once valued at $10 billion, has withdrawn its IPO application from the market regulator for the second time.

Oyo, once valued at $10 billion, shelves IPO plans for second time

Ore Energy emerged from stealth today with €10 million in seed funding. The company hopes to make grid-scale batteries that are cheaper and longer lasting.

Ore Energy emerges from stealth to build utility-scale batteries that last days, not hours

Paytm, a leading financial services firm in India, said its net loss widened in the fourth quarter as it grappled with a regulatory clampdown.

Paytm warns of job cuts as losses swell after RBI clampdown

Government officials and AI industry executives agreed on Tuesday to apply elementary safety measures in the fast-moving field and establish an international safety research network. Nearly six months after the…

In Seoul summit, heads of states and companies commit to AI safety

Copilot, Microsoft’s brand of generative AI, will soon be far more deeply integrated into the Windows 11 experience.

Microsoft wants to make Windows an AI operating system, launches Copilot+ PCs

Some startups choose to bootstrap from the beginning while others find themselves forced into self funding by a lack of investor interest or a business model that doesn’t fit traditional…

VCs wanted FarmboxRx to become a meal kit, the company bootstrapped instead

Uber and Lyft drivers in Minnesota will see higher pay thanks to a deal between the state and the country’s two largest ride-hailing companies. The upshot: a new law that…

Uber’s and Lyft’s ride-hailing deal with Minnesota comes at a cost

Andreessen Horowitz’s American Dynamism fund has established a new fellowship program aimed at introducing top engineers and technologists to venture investing, a move that could help the firm identify less…

a16z’s American Dynamism team launches program to introduce technical minds to VC