TechCrunch Startup News

Patreon couldn’t survive charging all creators just a 5 percent rake on the monthly subscriptions they earn from fans while building commerce tools like CRMs and merchandise to try to stay ahead of Twitch, YouTube and Google. But it also didn’t want to screw all its loyal early creators. So today, Patreon is overhauling its pricing. Any creator can still get a 5 percent rate, but just for a Lite version without bonus tools or different fan tiers. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The past few years have been a bit of a dark age for budding social media startups. Facebook, Instagram, Twitter, Snap and messenger apps took up all the time of their users, leaving little room for yet another social media platform. But the tide is shifting. Privacy scandals have shaken some users’ faith giants like Facebook, Instagram and Twitter, and users have grown fatigued by the constant onslaught of #content. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Meet eFounders’ next batch of startups that want to redefine the future of work European startup studio eFounders has been relentlessly building new startups over the past few years. In 2019, the company plans to launch Bonjour, a demo tool for sales teams, Chilli, a recommandation service to help small and medium companies leverage modern software-as-a-service products, and Swan, a banking API to generate banking services on demand. Learn more about your ad choices. Visit podcastchoices.com/adchoices

We’ve decided to step back from the breaking news for a minute to conduct a review of seed and early-stage funding trends over the last decade for U.S.-based companies. I’m fairly certain we can all agree that the environment for startups has changed dramatically in the past 10 years, specifically in two major ways: The development of seed funding as its own class and; The expansion of growth stage investing. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Nested, the London-based “data-driven” estate agency that provides a cash advance to help you buy a new home before you’ve sold your old one, has laid off 20 percent of its workforce, TechCrunch has learned. According to sources, the more than 15 staff being let go were informed earlier today. The majority of departures are within Nested’s operations team, including sales, although I understand they also include a number of engineers and other product people. Learn more about your ad choices. Visit podcastchoices.com/adchoices

WeWork Labs, the coworking giant’s startup program that relaunched just over a year ago, is announcing a new initiative focused on food and agriculture startups — WeWork Food Labs. Roee Adler, the global head of WeWork Labs, told me that there will be two main pieces to the Food Labs program. Learn more about your ad choices. Visit podcastchoices.com/adchoices

On-demand food delivery startup DoorDash has been under fire as of late for its practices around paying drivers. In an email to drivers today, obtained by TechCrunch, DoorDash said drivers received an average of $17.50 or more per hour on a delivery in 2018. That figure, of course, does not take into account cost of mileage, payroll taxes for 1099 independent contractors and other expenses. Sage Wilson, an organizer at non-profit labor group Working Washington, explained to TechCrunch how that $17. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Venture capitalists’ latest on-demand delivery bet is in the pharmaceutical space. Truepill, an online pharmacy powering delivery for the likes of Hims, Nurx, LemonAID and other direct-to-consumer healthcare brands, has nabbed a $10 million Series A from early-stage VC fund Initialized Capital. The investment brings the Y Combinator graduate’s total raised to $13.4 million. Y Combinator, Sound Ventures, Tuesday Capital and others participated in the round. Learn more about your ad choices. Visit podcastchoices.com/adchoices

When the bubble burst in the year 2000, Tanya Van Court lost over $1 million in stock and options over the course of a few minutes. Then and there she vowed to never let something like that happen to her children. Five years later, her daughter Gabrielle was born. At the time, she was a VP of Digital Product Dev at ESPN. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The Dubler Studio Kit lets you use your voice to control synths, drum machines and other MIDI gear Vochlea Music, a U.K. startup and alumni of Abbey Road Red, the music tech incubator from Abbey Road Studios, is launching a crowdfunding campaign today for “Dubler Studio Kit,” a new device and app that turns your voice into a MIDI controller for synths, drum machines, DAWs and other music gear. Learn more about your ad choices. Visit podcastchoices.com/adchoices

If you’re like me, you let out a heavy sigh every month or so when you reach out and unexpectedly find an empty bag of coffee. Bottomless, one of the 200-plus startups in Y Combinator’s latest batch, has a solution for us caffeine addicts. For a $36 annual membership fee, a cost which co-founder Michael Mayer says isn’t set in stone, plus $11.29 per order depending on the blend, Bottomless will automatically restock your coffee supply before you run out. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Where to begin… Netflix darling Marie Kondo is hitting up Sand Hill Road in search of $40 million to fund an ecommerce platform, Y Combinator is giving $150,000 to a startup building a $380,000 flying motorcycle (because why not) and Jibo, the social robot, is calling it quits, speaking to owners directly of its imminent shutdown. It was a hectic week in unicorn land so, I’m just going to get right to the good stuff. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Hello and welcome back toEquity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We’re back to basics this week with Kate Clark at the helm, Alex Wilhelm in the sidecar, and a stack of venture capital news and happenings to get through. And to make everyone feel included, we kicked off the episode with a roll-call of new VC funds. Then, of course, we dug into the recent news out of Y Combinator . Learn more about your ad choices. Visit podcastchoices.com/adchoices

Bird launches platform to let entrepreneurs manage their own fleet of scooters Bird is launching its new program, Bird Platform, in New Zealand, Canada and Latin America in the coming weeks. First up is New Zealand, where Bird has partnered with a local entrepreneur to manage a fleet of Bird electric scooters. Residents of New Zealand will start to see Bird scooters on the streets next week. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Many things are better said than read, but the best voice tech out there seems to be reserved for virtual assistants, not screen readers or automatically generated audiobooks. WellSaid wants to enable any creator to use quality synthetic speech instead of a human voice — perhaps even a synthetic version of themselves. There’s been a series of major advances in voice synthesis over the last couple years as neural network technology improves on the old highly manual approach. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Clari started out as a company that wanted to give sales teams more information about their sales process than could be found in the CRM database. Today, the company announced a much broader platform, one that can provide insight across sales, marketing and customer service to give a more unified view of a company’s go-to-market operations, all enhanced by AI. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Red Cat, a startup that wants to store drone flight data on the blockchain to guarantee immutability, announced the second Beta of its drone data platform today. Jeff Thompson, CEO of Red Cat says in 2017 he was looking at what was holding back the commercial drone business and the need for a black-box kind of system became apparent to him. The so-called black box is really a flight recorder that tracks data about a flight. Learn more about your ad choices. Visit podcastchoices.com/adchoices

For a long time, it was the norm for founders to haul their hardware to the 3000 block of Sand Hill Road, where the venture capitalists of “Silicon Valley” would be awaiting their pitches. Today, many of the investors that touted the exclusivity of “The Valley” have moved north to San Francisco, where they have better access to top entrepreneurs. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Eargo wants to become the ultimate consumer hearing brand. The company’s small and virtually invisible direct-to-consumer hearing aids, which come in an AirPods-style chargeable case, are designed to help destigmatize hearing loss. One month after revealing its newest product — the Eargo Neo ($2,550), which can be customized remotely via the case’s Bluetooth connectivity — the startup has closed a $52 million Series D, bringing its total raised to date to $135 million. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jupiter raises $23 million to tell businesses and governments how climate change will destroy them Whether it’s by flood, fire or the fury of a storm, climate-related catastrophes are now impacting most cities and towns across the country. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Glossier, known for its line of understated makeup products and a cult-following of millennial Instagrammers, is getting colorful with the launch of its first spin-off brand, Glossier Play. The company — led by founder and chief executive officer Emily Weiss, who built the nearly $400 million business from a makeup blog called Into The Gloss — has raised a total of $92 million in venture capital funding from top-tier consumer investors Forerunner Ventures, Index Ventures and IVP. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Cerosallows marketers to create animated, interactive content — but don’t call it a content marketing company. “We think content is just a dry, bland, over-leveraged, oversaturated space,” said founder and CEO Simon Berg. “The goal is not to hack the system, the goal is to make a great experience for your customers.” That’s why he describes Ceros as a platform for creating experiences. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Forget the office ping pong table,Cherry, a startup in Y Combinator’s latest batch, wants to let employees take company perks into their own hands. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Customer experience management platform Medallia has filed to raise up to $70 million in Series F funding, according to regulatory documents obtained by the Prime Unicorn Index. The new shares were priced at $15 apiece, valuing the nearly two-decades-old business at $1.7 billion. We’ve reached out to Medallia for comment. Medallia is expected to finally transition to the public markets in 2019, a year chock-full of high-profile unicorn IPOs. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Botify, a search engine optimization company that works with customers like Expedia and Nike, announced today that it has raised $20 million in Series B funding. Co-founder and CEO Adrien Menard said that the opportunity in SEO is “even bigger now than in the past,” and that the problem ismuch broader problem than many realize. Learn more about your ad choices. Visit podcastchoices.com/adchoices

French startup Blade, the company behind Shadow, is launching a new set-top box to access its cloud gaming service — the Shadow Ghost. I’ve been playing with the device for a couple of weeks and here’s my review. The Shadow Ghost is a tiny little box that doesn’t do much. The true magic happens in a data center near your home. When you sign up to Shadow, you don’t even have to get a box. Learn more about your ad choices. Visit podcastchoices.com/adchoices

For a monthly subscription fee, this startup will send out customized gifts to current and prospective clients at scale In today’s noisy, fast-paced world, finding a way to let clients and potential customers know that they are top of mind can be a major challenge for companies. Enter Sendoso, a 2.5-year-old, San Francisco-based online-to-offline startup that promises to source, store and ship anything a business ever needs to send — and track its return on investment, to boot. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Google’s Gradient Ventures, the search giant’s dedicated AI fund, is casting its eye to Asia after it led a $7 million Series A round for Elsa, a startup that operates an app for English language learners. The deal is Gradient’s first in Asia, and it includes participation from existing investors Monk’s Hill Ventures and SOSV. Elsa has now raised $12 million to date. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Last month I wrote about Ubiquitilink, which promised, through undisclosed means, it was on the verge of providing a sort of global satellite-based roaming service. But how, I asked? (Wait, they told me.) Turns out our phones are capable of a lot more than we think: they can reach satellites acting as cell towers in orbit just fine, and the company just proved it. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor Companies raising supergiant VC aren’t getting any younger Coastal startups don’t have a monopoly on raising big at early-stage It takes a lot more than a good idea and the right timing to build a billion-dollar company. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Delivery company DoorDash is announcing that it has raised $400 million in Series F financing. Earlier this month, The Wall Street Journal reported that the company was looking to raise $500 million at a valuation of $6 billion or more. In fact, DoorDash now says the funding came at a $7.1 billion valuation. Learn more about your ad choices. Visit podcastchoices.com/adchoices

When I interviewed Parrot founder and CEO Henri Seydoux at TechCrunch Disrupt back in 2016, he surprised everyone when he said he was working on a new kind of T-shirt —nobody knew for sure whether he was joking or not. But the connected T-shirt is real, and it’s called wearTRBL. While the project started as a Parrot subsidiary, the company was spun off in July 2018. Seydoux is still credited as co-founder and Olivier Levy acts as co-founder and CEO. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Entrepreneur First (EF), the London-headquartered “talent investor” that recruits and backs individuals pre-team and pre-idea to enable them to found startups, has raised a new fund of its own to continue scaling globally. The $115 million first close was led by a number of leading (mostly unnamed) institutional investors across the U.S., Europe and Asia, including new anchor LP Trusted Insight. A number of well-known European entrepreneurs also invested. Learn more about your ad choices. Visit podcastchoices.com/adchoices

SendBird, a San Francisco area startup, helps developers add messaging to their apps with a couple of lines of code. It’s an idea similar to Stripe for payments or Twilio for communications. Today, the company announced a $52 million Series B investment. The round was led by Iconiq Capital. Existing investors Shasta Ventures, August Capital, Y Combinator, and Funders Club also participated. Today’s investment brings the total raised to over $70 million, according to Crunchbase. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Greetings from Chittorgarh, one of my stops on a two-week excursion through Goa and Rajasthan, India. I’ve been a little too busy exploring, photographing cows and monkeys and eating a lot of delicious food to keep up with *all* the tech news, but I’ve still got the highlights. For starters, if you haven’t heard yet, TechCrunch launched Extra Crunch, a paid premium subscription offering full of amazing content. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Paris-based startup Alan has raised a Series B round of funding of $45 million (€40 million). Index Ventures is once again leading the round, with partners of DST Global also participating. The company had raised a $28 million funding round only ten months ago. Alan is a software-as-a-service startup tackling a very specific industry — the health insurance market in France — and soon across Europe. Learn more about your ad choices. Visit podcastchoices.com/adchoices

3DEN is building spaces for what it calls the “in-between moments” of your day. The name (pronounced “Eden”) comes from the idea of the “third place” — a space that’s neither home nor work. Founder and CEO Ben Silver told me the idea is to create a space that people can use if, say, they’ve got 45 minutes to fill between meetings, or if they’ve just gotten off a red eye flight and need somewhere to freshen up. Learn more about your ad choices. Visit podcastchoices.com/adchoices

WeWork has made a big name for itself in a short period of time as a global co-working space. In fact, WeWork is now the largest private office tenant in all of Manhattan. But whether the real estate play alone can support its reported $47 billion valuation still remains to be seen. That might explain the company’s 2018 acquisition spree, as well as today’s newly announced changes to the WeWork app. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Gil Ben-Artzy Contributor Gil Ben-Artzy is a founding partner at UpWest Labs. One of the very first things we ask Israeli entrepreneurs who are hoping to break into the U.S. market is to tell us how their product or service is being received by their target market. What is the feedback? Are potential customers hungry for what the team is selling? Validation, both of the broader vision and the early product itself, has to be a key focus for any aspiring entrepreneur. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Donde Search has just closed a $6 million Series A investment led by Matrix Partners, with participation from previous investors such as senior leaders from AliExpress, Google and Waze. Donde first launched in 2014 as a consumer-facing app that helped users search and discover apparel items based on visual characteristics rather than text-based searches. In early 2018, the company pivoted to the enterprise space, helping retailers power suggestions and related items on their websites. Learn more about your ad choices. Visit podcastchoices.com/adchoices

I’m not in the habit of getting naked during meetings at startup offices, but this time it felt appropriate. Nebia, a shower startup that has attracted investments from the likes of Apple CEO Tim Cook and former Google chairman Eric Schmidt’s foundationis back with some new cash (though it won’t divulge how much) and a new generation of its thoughtfully designed shower heads that aim to dramatically reduce the amount of water people use while cleaning up. Learn more about your ad choices. Visit podcastchoices.com/adchoices

It’s true that DoorDash offsets the amount it pays its drivers with customer tip, according to an FAQ page on its own site. “For each delivery, you will always receive at least $1 from DoorDash plus 100% of the customer tip,” DoorDash states on a Dasher FAQ page.“Where that sum is less than the guaranteed amount, DoorDash will provide a pay boost to make sure you receive the guaranteed amount. Learn more about your ad choices. Visit podcastchoices.com/adchoices

The founders of Glide, a member of the Y Combinator Winter 2019 class, had a notion that building mobile apps in the enterprise was too hard. They decided to simplify the process by starting with a spreadsheet, and automatically turning the contents into a slick mobile app. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Did anyone else listen to season one of StartUp, Alex Blumberg’s OG Gimlet podcast? I did, and I felt like a proud mom this week reading stories of the major, first-of-its-kindSpotify acquisition of his podcast production company, Gimlet. Spotify also bought Anchor, a podcast monetization platform, signaling a new era for the podcasting industry. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Joanna Glasner Contributor More posts by this contributor Where seed and early-stage funding is growing, contracting or holding steady Hire faster, work happier: Startups target employment with AI and engagement tools For years, decades even, startup names have been getting weirder. This isn’t a scientific verdict, but it is how things have seemed to someone who spends a lot of hours perusing this stuff. Learn more about your ad choices. Visit podcastchoices.com/adchoices

If you’ve ever seen a lamp or chair that you liked and wished you could just take a picture and find it online, well, GrokStyle let you do that — and now the company has been snatched up by Facebook to augment its own growing computer vision department. GrokStyle started as a paper — as AI companies often do these days — at 2015’s SIGGRAPH. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Airbnb made it easier for travelers to find a place to crash. Now it wants to make it easier for them to get around. The $31 billion home-sharing giant has hired Fred Reid as its first-ever global head of transportation. Reid served as the founding chief executiveofficer of Virgin America from 2004 to 2007 after a three-year stint as the president of Delta Airlines. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ticketing app Gametime is taking its last-minute approach about as far as it can go, with the launch of a new feature called LastCall. This allows users to purchase tickets through Gametime until 90 minutes after an event has started. Learn more about your ad choices. Visit podcastchoices.com/adchoices

UK home health analysis kit startup Thriva is adding three more products to its range later this month: A saliva-based cortisol stress test and two female hormone kits. The Seedcamp-backedUK startup has been offering blood-prick-based health monitoring kits since 2016, and says it’s had more than 50,000 customers sign up to stab their own finger with its spring-loaded plastic lancet and massage a drop of blood into a tube to post away for lab-based analysis. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ike, the autonomous trucking startup founded by veterans of Apple, Google and Uber Advanced Technologies Group’s self-driving truck program, has raised $52 million in a Series A funding round led by Bain Capital Ventures. Redpoint Ventures, Fontinalis Partners, Basis Set Ventures and Neo also participated in the round.Bain Capital Ventures partner Ajay Agarwal has joined Ike’s board. Learn more about your ad choices. Visit podcastchoices.com/adchoices