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Hello and welcome to another Daily Crunch, this time for Tuesday, June 7, 2022. The last 24 hours have contained plenty of Apple news, and we’ve got full coverage on that front – but we’ve also got a veritable cornucopia of other news from across the startup-o-sphere, so let’s get to it! — haje and Christina
TechCrunch’s top 3
- Oracle’s done deal: Oracle has quietly completed its acquisition of Cerner, which becomes effective Wednesday. Electronic health records are big business, and while this merger gives Oracle a big seat at the table, it’s not yet clear how these companies will fit together or if Cerner will be lucrative for Oracle. Anyway, can this be a further step towards better accessibility and portability of medical records for patients?
- One thing to rule them all, one thing to find them, one thing in the dark to charge them: As fans of the climate and the environment, and as people with an infinite number of chargers in their drawers, we are all in favor of the new EU rules which dictate that most devices must be able to use the USB-C charging standard. We’re curious how this will affect startups in particular; different chargers and giving users the option of not receiving a charger with their device is going to make supply chains and SKUs much more complex.
- Take the Wit-Out: alexander and Anne look at venture capital activity in Latin America and feel that a decline is expected for the second quarter, hinting at a possible correction.
Startups and VCs
Best known for its open-source microcontrollers that have been widely adopted by the developer community, Arduino is now firmly targeting the enterprise world, brian reports. Specifically, the company believes it is well positioned to gain a foothold among Gen Z and Millennial engineers in the workforce.
Let’s see what else is there:
- It’s just a number: It is often wrong to think that silver tech is reserved for ageing. Primeline Partners wants to turn around and refocus on quality of life instead, Katherine reports.
- Fly like a butterfly, sting like a taxi: Volocopter taxi drone is about to enter service. The German firm has revealed that its four-seat electric VTOL aircraft, the VoloConnect, made its first flight in May, reports Jon.
- Don’t call us; we will call you: Kyle reports that Take Blip, an online messaging platform for businesses, today announced that it has raised $70 million.
- Not today, neighbor: haje explained how Ergeon allows anyone to commission construction projects like fences, driveways and more.
- Whoa, it’s like I’m right there, man: haje also wrote about Looking Glass’ brand new 65-inch holographic display.
- Yeah, but what about the second breakfast: While many millennials struggle to find the money to buy their first home, many other people are looking to buy their second. Summer is squarely aimed at the latter group, Jordan reports.
The Guide to Good Metrics: Product-Based Principles
Imagine a world where founders brag about the growth they’ve driven, as opposed to their fundraising prowess.
The ability to raise capital is less impressive than finding sustainable ways to build a growing base of paying customers. Good coaching and a strong network can help many founders land a big round, but that money reflects investor confidence, not market demand.
In an article for TC+, Curtis Townshend, Senior Director of Growth at OpenView, shares 11 product-driven growth tactics that drive “customer acquisition, retention, and expansion.”
After surveying 14 public B2B software vendors, Townshend says companies that built for discoverability and deployed usage-based pricing saw a median growth rate of 141%, compared to 21% for traditional SaaS.
These companies were also much more effective in terms of the rule of 40 and revenue retention. “Overall, the variance of the measurements is striking,” says Townshend.
(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can register here.)
Big Tech inc.
While WWDC is in full swing, let’s start with some Apple news, shall we? Some exciting new security features for macOS 13 Ventura (or as we’ve dubbed it “Mace Ventura”) are coming here; for example, when you plug a device into the USB-C port, it will automatically be blocked until you give it the green light. Apple is also fixing an annoying “tapback” issue when an iPhone user dares to text an Android user. Some developers are probably rejoicing too, as some restrictions are being relaxed on what can be released on the App Store. Meanwhile, iOS 16 brings revamped and revamped features, such as better photo sharing capabilities and editing tools.
Next, we reported on a small shake-up at Peloton, which has hired Amazon Web Services executive Liz Coddington as its new chief financial officer, starting next week. She succeeds Jill Woodworth, Peloton’s first chief financial officer, who is leaving the company. As you may recall, earnings weren’t that great, forcing the company to “pedal” to manage its supply and demand issues.
In money news, PayPal has taken a clue from its crypto-enthusiastic users and unveiled a way for them to move their cryptocurrency from PayPal to other users, wallets, or exchanges.
Here are some news to gulp down:
- Two heads are better than one: Waymo Via, aka Alphabet’s self-driving unit, and Uber Freight, aka Uber’s logistics spinoff, call the shotgun. Rebecca writes that the partnership involves a few phases, including Waymo Via’s technology entering Uber Freight’s network. Speaking of Uber and moving, the company is offering a new service that will deliver specialty groceries from select merchants in New York, Miami and Los Angeles across the United States. Sorry, in Alaska and Hawaii, not yours.
- For the ‘gram: Instagram users can now pin up to three posts to their profile. This was something the Meta owned unit was testing out, so go ahead and pin!
- To hear you better my darling: Devin reviews the new Sonos Ray soundbar.
- Fund me please: Luxury electric vehicle maker Lucid Group has partnered with Bank of America to offer financing to customers.
- Polestar teasing: The company has released images of its first battery-electric SUV, the Polestar 3, which is due out in October.