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Fridaaaaaay. It was a short week, but it still dragged on a bit.
We have some exciting Twitter Live action coming up on September 13th, so mark your calendars! At 8:00 AM PDT / 11:00 AM EDT we are talking with Andrew Chan on why Gen Z VCs are trash, and at 12:00 PM PDT / 3:00 AM EDT, we talk to partner M13 Anna Barber on what today’s founders can learn from the bursting of the dot-com bubble.
TechCrunch’s Top 3
- More abbreviations: Patreon, a company that allows content creators to offer monthly subscriptions to paying customers, has confirmed that it has let go of five people from its security team. Zak reports that there aren’t many details about the layoffs, but there was some information about how Patreon will manage its security going forward.
- Thank you, Mr. Roboto: Amazon has announced that it is acquiring Cloostermans, a mechatronics company based in Belgium. The e-commerce giant’s focus on robotics has Ingrid writing that Amazon is “taking an interesting turn in this strategy as it expands its industrial warehouse capabilities.”
- We like a startup with a funny name: Cryptocurrency is a hot market in Africa and Tage writes about a blockchain payments startup called Bitmama that raised $2 million in pre-funding to show what it can do in new markets.
Startups and VCs
For our episode of Chain Reaction this week, our trusty crypto desk discussed the latest drama surrounding crypto mega exchange Binance, which is shaking up the stablecoin ecosystem as it strives to make its way to supremacy. This is a fantastic episode and well worth a listen.
Over the past decade, startups have migrated north from Silicon Valley to make San Francisco the hottest tech hub in the country. The the streets of the city swarmed with crowds of workerswrite Mary Ann. Then the COVID-19 pandemic hit and things ground to a halt. Now, more than two years and several shots later, San Francisco’s office scene has yet to recover, and the city’s streets remain eerily quiet.
Let’s do a few more, huh:
- Everything on the cards: Famous founders Brian Lee and baseball Hall of Famer Derek Jeter have a new sports card business where collectors can trade and verify their cards, reports Horses.
- That’s a lot of giggling bytes: A new enterprise fiber network, Vorboss, is poised to deliver up to 100 Gbps high-speed internet to London businesses, as part of a $290 million investment in the city’s infrastructure. The company promises a minimum 10 Gbps corporate fiber to the nation’s capital, gender reports.
- Documents please, without the documents: Jobbatical — which specializes in relocating workers and whose business has seen a boom in the post-pandemic work environment as many workers become “digital nomads” — raised 11.6 million euros to make everything paperless, Mike reports.
- Flying look: Flight tracking is coming to an iOS 16 lock screen near you, like Flighty app will bring flight tracking and much morereports Sarah.
- Straight from California: The Minneapolis-based branch was founded in 2015 and Anita reports why the company’s founder moved to Minneapolis to build his B2B fintech startup.
Use DORA metrics to support the next generation of telecommuting models
Non-technical CEOs often rely on someone else’s assessment to know how good their developers are. Without data, it’s a pretty subjective process.
Startups that don’t use DORA (DevOps Research and Evaluation) metrics have a harder time measuring the performance of their software delivery team. For example, a group that has a high failure rate can cover its shortcomings (for a while) by rapidly deploying.
Remote work is the new normal, especially for engineers, says Alex Chirtzei, CEO and co-founder of development analytics tool Waydev. Using DORA’s metrics, CTOs, CEOs and HR managers can “get back on the same page to support their technical teams and business results.”
(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)
Big Tech Inc.
India takes more control which lending applications are permitted in the app stores. Manish and Jagmeet keep us posted on the efforts of the country to bring more disclosure and transparency to the world of digital lending, which they write is full of “scheming and unethical lenders.”