Hello and welcome to the January 20, 2022 edition of Daily Crunch! The topic for today is more. Although the creator economy developed last year, more major platforms are attempting to support individual artists this year. Sure, last year was a banner year for crypto entrepreneurs, but now even more major corporations are joining the fray. Peloton, on the other hand, is having a bad day. Let us discuss it! – Alexandra. P.S. Early Stage is returning to San Francisco this year, so look forward to seeing you there!
Peloton’s production has apparently halted: Remember when you could not buy a Peloton bike because there was not enough. The company is currently experiencing the reverse problem, with more supply than demand. Today, shares in the 2019 IPO were down substantially. It appears that the pandemic trade, which was once a major driver of corporate value, has ended. NFT assistance is now available on Twitter: If you are a subscriber to Twitter’s premium service, you will soon be able to connect a cryptocurrency wallet and use an NFT as your profile picture.
Some of you will be pleased, while others will be disappointed. Regardless of your feelings about the news, the fact that Twitter spent the effort to develop it is indicative of where the market is likely to go this year. Facebook and Instagram, on the other hand, appear to be getting into the NFT game as well. Cognito purchased by Plaid: Plaid has been active since the massive Plaid-Visa agreement fell through due to regulatory difficulties.
It raised more money and increased its valuation to $13 billion, after which it has been busy expanding and buying other businesses. The company bought Cognito for approximately a quarter billion dollars today, allowing it to overlay more services on top of its core API business. A few words before the news avalanche, First, Anna Heim wrote a great piece about first-time founders and the fetishization of serial founders in the market that may be causing young entrepreneurs to overlook.
She may be onto something, given that fresh builders rather than those who were going around the block for the second, third, or tenth time started a number of recent unicorns. In addition, despite surviving a decline in startup funding, China’s venture capital market may be under new strain. Maybe this time, we will see the decreases that so many predicted.
Now for the news: Cherry Ventures raises $340 million for its third fund. Cherry Ventures is a German venture capital firm focused on early-stage technology. Mike Butcher reports that it also invests in blockchain technology. The group invested in Flink and SellerX, among other firms, with past funding. The following is a rundown of how the Crypto.com hack happened: It turns out that the extensively touted cryptocurrency firm lost customer assets and shortly halted withdrawals due to a 2FA issue.
This type of hack may appear to be typical now, but it is not. Is it still that bad? Given that bitcoin was initially suggested in 2008, this is perhaps even more shocking. I am curious as to what Matt Damon thinks. TBD Health, which offers, “a creative new approach with at-home [STI] testing made available for vagina-havers,” teaches us that sexual health is a growing market. It reminds me of Juna, thus the at-home STI testing market has an interesting competitive landscape to follow. Do you recall no-code? It is all over the place once more. When we covered the Soft round for TechCrunch the other day, we wondered what had happened to all the no-code rounds. Therefore, there you have it. Prophecy has raised $25 million for its “low-code data engineering platform” today. For your thoughts, Shazam: Weavit’s goal, according to TechCrunch, is to “provide users with a different way to swiftly capture their thoughts in a note-taking tool with the push of a button, which is then linked to other content in a bigger knowledge base.” Is there a need for yet another note-taking app in the world? The answer appears to be yes.
