Zoom to pay $ 85 million to settle lawsuit for ‘Zoombombing’, user privacy – TechCrunch


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Hello and welcome to Daily Crunch for Monday, August 2, 2021. What a day. Square kicked off this week’s news cycle with a mega deal, Google came out with new hardware, and new venture capital funds are galore. It’s busy, but before you start, there’s a Special summer edition of Extra Crunch Live this week that’s 100% wacky. It’s Wednesday, so be there or be square. – Alex

TechCrunch’s Top 3

  • Google chases custom silicon: Alphabet’s Google subsidiary is getting into the custom silicon game, TechCrunch reports. Similar to what Apple did with its A and M chips, Google expects its Tensor SoC (system on a chip) to “differentiate itself in a crowded field of smartphones,” writes Brian Heater. For more information on Google’s new hardware, head here.
  • Square buys Afterpay: American financial technology giant Square is buying Australian company Buy Now, Pay Afterpay for $ 29 billion in stock. TechCrunch inquired in the numbers of the dealBut the gist is that Afterpay brings merchants, global users, and a new fintech product to Square. The deal isn’t cheap, but it makes sense.
  • Spending on Cloud Infrastructure Accelerates: Want to know why investors are so excited and upset about the tech industry these days? Partly because demand continues to accelerate. TechCrunch covered new data today indicating that the cloud infrastructure market, which underpins so many services that consumers and businesses alike depend on, saw spending increase of 39% in the second quarter of 2021 compared to the quarter of the previous year. The total for the second quarter? $ 42 billion.

Startups / VC

  • Reese Witherspoon’s media company sells for $ 900 million: This is not our usual upfront fee, but when a media company sells for nearly a billion dollars, we need to pay attention. According to TechCrunch, the Hello Sunshine company created content for major streaming companies. The weird thing is who bought it. A “new as yet unnamed media firm led by former Disney executives,” writes TechCrunch. Mysterious.
  • Afterpay investor optimistic about Afterpay: TechCrunch published an opinion piece by Dana Stalder, a Matrix Partners investor who describes himself as the “sole institutional venture investor” in Afterpay. Your take? That Square + Afterpay will be greater as a sum than the mere sum of its parts. We’ll see.
  • Nektar.ai wants to consolidate B2B sales data: Selling software is not an easy game, and there are countless tools that all SDR and AE are expected to use. Nektar wants to be the central collection point Y brain for all that data, and he just raised $ 6 million to grow his operation. Frankly, the seller’s market is large and I’m surprised we don’t hear of more companies pursuing similar lines of work.
  • Investors support startups that simplify B2B payments: Keeping up with the B2B world, Yadoo has raised a $ 20 million round to boost business-to-business payments. In short, while Venmoing your friend’s beer money is as easy as drinking that beer, it’s not the same with corporations. Yadoo is one of the startups that seeks to address the problem, in this case from the startup’s headquarters in Mexico City.

And now, some news about venture capital:

  • Element Ventures raises $ 130 million: It’s a sign of the times that it doesn’t surprise me at all that a B2B-focused fintech venture capital firm has raised nine figures. Of course that’s a problem space big enough to deploy that amount of capital. And of course there are enough startups that fit your parameters to fill your bargain book. Element will invest in 15 companies each year, focusing on deals in Europe, the United States and Asia.
  • More money for LatAm: Newtopia is a new fund focused on Latin America that has just put together a new $ 50 million fund. You will invest in pre-seed ventures ($ 100,000 checks) and larger rounds ($ 250,000 to $ 1 million) in startups scaling into your Series A. Early stage investing is its own beast, so it’s good that the burgeoning Latin American market you’re getting your own dedicated vehicles to tackle the task.
  • From today’s podcast, if you like educational technology, boy we got the show for you.

Demand curve: questions to answer in your paid search ads

At some point, almost all startups will use paid search ads to connect with customers and jump into competition with their competitors.

Most of these initial paid search attempts are unsuccessful. There’s a steep learning curve when it comes to transforming passive search engines into paying customers, and hardly anyone gets it right the first time.

In a full guest post, growth marketer Stewart Hillhouse identified “14 questions your paid search needs to answer to make sure you’re only paying for buyers with the highest intent.”

Question 1? “What is it for? I? “

(Extra Crunch is our membership program, helping founders and startup teams get ahead. You can sign up here.)

Big Tech Inc.

  • Zoombing costs Zoom $ 85M: Today’s intangible technology comes through Zoom, the video product that became ubiquitous during the pandemic. The users sued him alleging that he was “violating users’ privacy by sharing their data with third parties without permission and by allowing ‘Zoombombing’ incidents,” according to TechCrunch. The deal is worth a total of 0.07% of the company’s $ 112 billion market capitalization. Oh no.
  • Amazon will pay you $ 10 for your palm print: Speaking of sums of money so small that they shouldn’t induce any kind of behavior change, Amazon wants to give people $ 10 in credit if they give the company their palm print so that they can pay better in the physical stores of the giant of the world. electronic commerce. Difficult to pass this.
  • Salesforce buys an RPA company from Mulesoft: CRM giant Salesforce is investing in Mulesoft, a company it bought a while ago, in the form of the German company RPA Servicetrace. Servicetrace will link with Mulesoft, not with Salesforce itself.
  • I asked TechCrunch reporter and cool human Ron Miller why does the deal matter. He said the deal, “while not on par with Slack’s mega-deal, is probably the kind of smaller deals the company will do next year.” He explained that the acquisition of Servicetrace gives SFDC an “entry into the growing RPA market without spending a ton of money.” Ron is also optimistic about Mulesoft’s planned integration.

TechCrunch Experts: Growth Marketing

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Is everyone on top of last week’s growth marketing coverage? If not, read it here.

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