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By
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Christine Hall
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and
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Haje Jan Kamps
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Monday, April 24, 2023
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As Twitter continues its absolutely farcical march toward its own demise, we are grabbing the popcorn to watch the fire blaze. In other news: Happy Monday, folks! —
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Christine
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and
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Haje
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Image Credits: Denis Charlet / AFP / Getty Images
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The TechCrunch Top 3
</h2>
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<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Well blue check you out
</strong>
</a>
: Twitter users with over 1 million followers got their blue check marks back, even if they didn’t pay for Twitter Blue,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Ivan
</a>
reports. It’s interesting to note that many of the account holders were quick to separate themselves from being subscribers. Maybe it also has something to do with
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Twitter giving a gold check mark to a fake Disney account
</a>
.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Ivan
</a>
has more on that.
</li>
<li style="margin-bottom: 8px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
No th-AI-nks
</strong>
</a>
: That’s what Snapchat users are saying about its “My AI” feature, which
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
launched last week
</a>
.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Sarah
</a>
writes that the social media giant is seeing a spike in one-star reviews, which include calling for its removal.
</li>
<li style="margin-bottom: 8px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
To be Near you
</strong>
</a>
: At a time when there is a wave of doubt about cryptocurrency, Cosmose, a company that uses AI analytics to track in-store foot traffic and engage with shoppers online, is going all in on the digital currency.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Rita
</a>
reports that Cosmose, which recently closed on an undisclosed round of funding to value it at $500 million, is now working with Near’s crypto solution. Even dropping Stripe to do so.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
It’s a bold strategy, Cotton. Let’s see if it pays off for ’em
</a>
.
</li>
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<h2 style="text-align: left; font-size: 25px; color: #14c435; margin: 0; padding-bottom: 10px;">
Startups and VC
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Super.com, formerly Snapcommerce, launched its cash-back card SuperCash last October so that card users could build credit, amassing 5 million customers worldwide who have collectively saved over $150 million to date, according to CEO Hussein Fazal.
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Now it has its sights set on helping “everyday Americans” find deals and savings across multiple categories
</a>
, including travel and shopping, via its super app,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Christine
</a>
reports.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Silicon Valley’s quest to automate everything is unceasing, which explains its latest obsession: Auto-GPT. In essence, Auto-GPT uses the versatility of OpenAI’s latest AI models to interact with software and services online, allowing it to “autonomously” perform tasks like X and Y. But as we are learning with large language models, this capability seems to be as
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
wide as an ocean but as deep as a puddle
</a>
,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kyle
</a>
reports.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Go on, another handful for ya:
</p>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<strong>
They just want to stay involvo
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Frederic
</a>
reports that Volvo Cars Tech Fund invests
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
in driver monitoring startup CorrActions
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
I’ll give you a ring in a bit
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Brian
</a>
reports on a big partnership win for Oura, as Best Buy
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
brings the smart ring to 850 stores across the U.S.
</a>
</li>
<li style="margin-bottom: 8px">
<strong>
You build it, you get paid
</strong>
: More construction projects are being started, but payments to contractors and their subcontractors continue to cause a bottleneck in the normal course of completing a project.
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Constrafor raises new capital
</a>
to make that better,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Christine
</a>
reports.
</li>
<li style="margin-bottom: 8px">
<strong>
Stiff competition
</strong>
:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Woodoo is creating decarbonized wood-based materials
</a>
, reports
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Romain
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
Last impressions matter
</strong>
: Over on TC+,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Haje
</a>
argues that for your pitch deck,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
last impressions count almost as much as first impressions
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
Making IP an asset
</strong>
: Also for TC+,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Haje
</a>
took a closer look at
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Aventurine, which helps early-stage founders make money off their IP portfolios
</a>
, in what the accelerator hopes will be a perpetual fund, powered by intellectual property licensing.
</li>
</ul>
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<h2 style="text-align: left; font-size: 25px; color: #14c435; margin: 0; padding-bottom: 10px;">
<a style="color: #14c435; text-decoration: none" target="_blank">
10 years of fintech failure: 3 more ideas that failed to live up to the initial hype
</a>
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Do you remember P2P lending and on-demand insurance? If not, there’s a good reason: Despite a lot of hype, they’re just two of several fintech innovations that fizzled over the last decade.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
For his latest TC+ column, fintech consultant Grant Easterbrook examined three more ideas “that initially seemed promising, but largely failed to change the financial services industry.”
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
According to Easterbrook, these misfires offer valuable lessons to today’s founders and investors: “Fintech entrepreneurs must remember the essential principle that the average consumer doesn’t like thinking about money and often wants someone else to take care of it.”
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Three more from the TC+ team:
</p>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<strong>
Well that’s looking pretty skinny there
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Alex
</a>
wonders what happens when the
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
revenue multiples keep shrinking
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
Precision fermentation is more like cultivated meat than we think
</strong>
:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Blake Byrn
</a>
calls BS on
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
precision fermentation’s capacity craze
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
How the humble DVD unlocked a multibillion-dollar business
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Haje
</a>
explores how technology unlocks business models in
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
the story of Netflix
</a>
.
</li>
</ul>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
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is our membership program that helps founders and startup teams get ahead of the pack.
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You can sign up here
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. Use code “DC” for a 15% discount on an annual subscription!
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Read More
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<img alt="10 years of fintech failure: 3 more ideas that failed to live up to the initial hype image" class="img-max" src="https://inboxflows.com/_/image/https%253A%252F%252Ftechcrunch.com%252Fwp-content%252Fuploads%252F2023%252F04%252FGettyImages-171150206.jpg%253Fw%253D680/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0ZWNoY3J1bmNoLiJ9:1pr4GM:UziVFsfsO0_AS94mk1ZSDT70t6kzdDZm7T3tNvBOcK8" style="display: block; font-family: sans-serif; font-size: 16px; color: #fff; height: auto;" width="600"/>
<p style="font-size: 12px; color: #c6c6c6; font-weight: bold; padding-left: 20px; padding-right: 20px">
Image Credits: TommL / Getty Images
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<h2 style="text-align: left; font-size: 25px; color: #14c435; margin: 0; padding-bottom: 10px;">
Big Tech Inc.
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Merchants have a lot of things to deal with when it comes to running their businesses, but Shopify wants to take one thing off their plate.
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Shopify is working with B2B payments provider Melio
</a>
to add direct bill payments so that they can consolidate invoices and pay their bills in a more automated way via Shopify’s platform.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Mary Ann
</a>
writes that this is the e-commerce platform’s “bid to be a single-stop fintech for merchants.”
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Ring, ring…guess who’s calling? It’s PhonePe, and the company is out to
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
challenge Google’s dominance in India with an app store
</a>
of its own. The Walmart-backed company is offering a “premiere experience for millions of users with high-quality advertisements and custom targeting, support for 12 languages and 24×7 live chat,”
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Manish
</a>
reports.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
And we have five more for you:
</p>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<strong>
App-solutely
</strong>
: Apple’s having a good day.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Sarah
</a>
reports that
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Apple wins its antitrust court battle with Epic Games
</a>
that involved App Store policies. Then,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Jagmeet
</a>
writes that Apple captured nearly half of the
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
global refurbished smartphone market
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
Get your logins in sync
</strong>
: If you’re a fan of Google Authenticator, the service now has a
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
new feature to sync two-factor authentication codes to the cloud
</a>
,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kyle
</a>
reports.
</li>
<li style="margin-bottom: 8px">
<strong>
As seen on TV
</strong>
: Avid users of YouTube TV say the streaming “Force” isn’t always so strong with that one, but the company is now
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
experimenting with picture quality enhancements
</a>
,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Lauren
</a>
reports.
</li>
<li style="margin-bottom: 8px">
<strong>
Now you can Bonus BeReal across the pond
</strong>
:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Bonus BeReal comes to the U.K.
</a>
, enabling users to post more than once a day, writes
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Amanda
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
ICYMI
</strong>
: On Friday, a California court ruled that
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Tesla was not at fault for an Autopilot crash
</a>
that took place in 2019.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kirsten
</a>
has more.
</li>
</ul>
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Newest Jobs from Crunchboard
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Freelance AI Application Developer Creator Program: Cohort 4 at Contra (Anywhere)
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Applications Engineer III-MS Endpoint/Intune at Orrick, Herrington & Sutcliffe LLP (Wheeling, WV, USA)
</a>
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<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Lead Research Engineer at Murmuration (USA)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Full Stack Developer at AAOS (Rosemont, IL, USA)
</a>
</li>
</ul>
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See more jobs on CrunchBoard
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and reach millions of TechCrunch readers for only $200 per month.
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1 year, 7 months ago - newsletter@techcrunch.com
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