China sets a three-hour weekly time limit for players under the age of 18

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Hello and welcome to Daily Crunch for August 30, 2021. The startup world is gearing up for Y Combinator Demo Day this week, but the rest of the tech isn’t stopping. We have Apple news, Telegram news, antitrust news, video game news, whatever.

But we have some news from TechCrunch to get you started: Ryan Reynolds is coming to Disrupt to talk about your company, Maximum Effort. That is quite an exaggeration. And were will be talking about software. Much. – Alex

TechCrunch’s Top 3

  • China restricts youth games: Three hours a week! That is not much! For a country with a large gaming market like China, this is great news. But it’s just one part of a bigger regulatory push in China (including things as far away as taking on fan culture online!) To bring its private companies more in line with the government’s plans.
  • Toast’s initial public offering looks delicious: TechCrunch took a closer look at Boston-based Toast’s IPO filing today. Our conclusions? That the company has grown admirably from its COVID lows and has a very strong multi-part business model. The company is doing Boston’s very active startup scene proud.
  • Does Spotify buy Joe Rogan, does Apple buy classical music? The campaign to create differentiated music streaming services in an era where music is available everywhere intensified this week with Apple’s purchase of Primephonic. The smaller company, based in Amsterdam, will be taken over by Apple Music.

Startups / VC

Ready for a barrage of startup news? Well. We have what you need. But first, as a sign of the times, Telegram just crossed the 1 billion download mark. That’s an achievement, sure, but it also shows that perhaps consumers do care about privacy after all.

  • Casper’s hostile ghost does not haunt Eight Sleep: Remember when the D2C Casper mattress company went public and it didn’t go well? That misstep hasn’t stopped investors from pouring new capital into Eight Sleep, which makes smart mattresses. The startup just raised $ 86 million in a Series C funding round that values ​​it at nearly $ 500 million.
  • Prive Raises $ 1.7 Million for Better Ecommerce Subscriptions: Two former Uber members are building something new for ecommerce subscriptions, helping retailers sell more products and consumers getting better recommendations. Win win.
  • Finally, a personal CRM? I don’t want to get our hopes up, as building a personal CRM has been a white whale in the startup world for some time. But Clay, a startup that just raised $ 8 million, has created what TechCrunch calls “a system designed to help you be more thoughtful of the people in your life.” Please make it good. I need help.
  • Alpaca shows that integrated fintech is still in vogue: TechCrunch has covered Alpaca multiple times in recent years, both when it raised capital and when we were delving into the world of API-delivered startups. Today, the company announced a $ 50 million Series B, a partnership with Plaid, and support for cryptocurrency trading. Alpaca’s work to provide other fintechs with integrated equity trading appears to be going well.
  • How does one become a travel influencer? I do not know. But if you become one, Thatch wants you to be able to better monetize your recommendations. If you are currently a travel influencer, this is good news. If you expected influencers to lose influence in the next few years, this is not the case.
  • To crown us today Ola Electric seeks to raise between $ 250 million and $ 500 million. That is a big change. The deal has yet to be closed, but our first reports indicate that Ola’s EV business is on the verge of being more than fluid. “Falcon Edge Capital is in advanced talks to lead the round, which values ​​Ola Electric between $ 2.75 billion and $ 3.5 billion,” reports TechCrunch.
  • Also, over the weekend I wrote about why startups will win the battle to set the tone regarding remote work, in case you wanted to read it.

How Amazon EC2 went from being a notion to becoming a fundamental element of cloud computing

In August 2006, AWS activated its cloud-based EC2 virtual computer, a milestone in the development of the cloud infrastructure giant.

“You really can’t overstate what Amazon was able to accomplish,” writes business reporter Ron Miller.

In the 15 years since then, EC2 has enabled customers of any size to test and run their own applications on AWS virtual machines.

To learn more about a fundamental technological change that “would help power a whole generation of startups,” Ron interviewed EC2 Vice President Dave Brown, who created and led the Amazon EC2 front-end team.

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

Big Tech Inc.

  • ByteDance Buys Virtual Reality Hardware Startup: Sure, Facebook is a leader in the virtual reality hardware game, but it’s not the only player. TikTok’s parent company ByteDance is looking to take on Facebook by buying Pico, which had raised a $ 37 million round earlier this year. It’s unclear how this news intersects with gaming restrictions in China, but we should now have national champions competing in the VR market.
  • Instagram wants to know your birthday: If you don’t like giving more data to Facebook products, today you have bad news from Instagram. It will ask users to share their date of birth and will only allow certain deferrals. Why? TechCrunch advises that the change is to help “personalize your experience” on the service. What it means ads.
  • Ideanomics buys Via Motors: Ideanomics, a public mobility company, is spending $ 450 million in shares to buy Via Motors, an electric vehicle company. Ideanomics shares are up just over 5% on the news today.
  • Turns out that most Big Tech employees do not oppose antitrust enforcement, even though the ideas that are spreading in the halls of Congress could make life more difficult for the mega-corporations that currently make up the upper end of the tech industry.

TechCrunch Experts: Growth Marketing

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Image credits: SEAN GLADWELL (Opens in a new window) / Fake images

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

TechCrunch wants you to refer growth marketers with experience in SEO, social media, content writing, and more! If you are a growth marketer, skip this poll together with your clients; we’d like to know why they loved working with you.


Image credits: Fun books

Join Danny Crichton on Twitter spaces tomorrow, Tuesday, August 31 at 1 pm PDT / 4 pm EDT while talking to Azeem Azhar about his next book, “The Exponential Age: How Accelerated Technology Is Transforming Business, Politics, And Society” which will be released on September 7, 2021.

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