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Glad new week, startup nerds!
Tomorrow (Tuesday), we now have not one, however two Twitter Reside occasions taking place, and we’re enthusiastic about each of ’em. At 8:00 a.m. PDT / 11:00 a.m. EDT, we are talking with Andrew Chan about why Gen Z VCs are trash, and at 12:00 p.m. PDT / 3:00 p.m. EDT, we’re speaking with M13 companion Anna Barber about what as we speak’s founders can be taught from the dot-com bubble bursting.
Might your week have all the suitable sorts of surprises in it! — Christine and Haje
Table of Contents
EV truck firm Nikola merged with VectoIQ in a SPAC in June 2020 with a $29 billion valuation. Trevor Milton, ex-CEO of Nikola, starts his fraud trial, which serves as a warning to risk-loving traders who would throw cash at an organization earlier than it begins delivering merchandise or bringing in income, Rebecca studies.
“The truth is that should you’re a Silicon Valley-based enterprise agency, no LP at your annual assembly goes to ask you, ‘How did you miss firm X in Columbus?’ Like, that’s not gonna occur. However they are going to ask you, ‘How did you miss company Y that was in Silicon Valley?’ They don’t wish to miss these issues of their yard,” defined Chris Olsen in an enchanting interview with Connie. Olsen spent six years with Sequoia Capital in California earlier than co-founding Drive Capital in Columbus, Ohio, in 2013.
Tangentially associated, for our Metropolis Highlight: Minneapolis final week, Haje hosted a panel discussing What Minneapolis investors are looking for (hint: it’s not just Minnesota startups).
Right here’s a couple of extra for ya:
Picture Credit: aolomartinezphotography (opens in a new window) / Getty Photos
In Latin America, e-commerce is tormented by excessive fraud charges. Scarcely 20% of adults have a bank card, and plenty of who do aren’t ready to make use of them internationally.
It’s additionally true that e-commerce is rising quicker there than in some other area for the reason that pandemic started. In response to one research, on-line gross sales in Latin America will generate $379 billion in a 32% year-over-year enhance.
“The funds panorama in Latin America appears hopelessly fragmented and riddled with fraud,” says Rocio Wu, a principal at F-Prime Capital.
“Nonetheless, we consider that fragmentation truly gives an enormous alternative for vertically built-in funds orchestration startups to seize loads of worth.”
(TechCrunch+ is our membership program, which helps founders and startup groups get forward. You can sign up here.)
Darrell was following the Blue Origin launch this morning and introduced information that the launch was aborted after “a mid-flight anomaly.”
We all know you missed getting your Apple information repair over the weekend, so the crew, together with Zack, Ivan, Sarah and Romain, got here collectively to deliver you some tales associated to iOS 16. First are five new security and privacy features adopted by “nifty” features you don’t wish to miss. Then the whole lot you needed to find out about Lock Screen widgets and the way downloading iOS 16 will flip your iPhone into a more personal device and eventually, the thin on Apple Passkey.