Questions raised about natural gas fuel source for Elon Musk Spaceport in Texas – TechCrunch
To have a roundup of TechCrunch’s biggest and hottest stories delivered to your inbox every day at 3 PM PT, Subscribe here.
Hello and welcome to the Daily Crunch for October 8, 2021! It’s Friday! We did it! If you’re tired, consider how tired the Instagram team is. Their service is having more uptime issues this afternoon. Between that and the announcement that its users are no longer allowed to sell parts of the Amazon rainforest, it’s Banner Week for Zuck’s empire. Now, let’s talk technology! – Alex
Top Tech Crunch 3
- Elon’s mysterious gas SpaceX’s big plans for its largest rocket are missing some details about where the company intends to find the tens of millions of cubic feet of natural gas it will need. Sure, Tesla is gasoline-free, but SpaceX left some question marks in the draft PEA regarding the combustible gas that has us scratching our heads.
- Startups in Europe getting ready to receive a pre-incorporation boost: Early stage founders in Europe are about to have a few new accelerators in their neighbourhood, courtesy of Techstars. The Accelerator Group is opening programs in Paris (again) and Stockholm, in addition to its current efforts on the continent. According to the CEO of Techstars, there are far more founders in Europe today than what is being offered to them, Despite the record total numbers of venture capital.
- Tesla is moving its headquarters to Texas: Ah, taxes. Tesla will move its headquarters to Austin, Texas from its traditional headquarters in California, but it won’t stop investing in the West Coast state. In fact, the company intends to increase “production at its Fremont gigfactory plant by 50%,” TechCrunch reports. So, Texas taxes. That’s what this movement seems to be about.
Startups / VC
- Take Crunch Annie Nganja Reports suggest that “economic growth and rapid expansion of digital and mobile services” in markets such as Kenya and Africa as a whole could occur Led to a breakthrough in indoor technology products. Insurtech has proven to be a fertile ground for founders and investors alike in North America and Europe. Why shouldn’t Africa be like that? African startups have proven their strength in the fintech market, so the push for in-house technology may be too late.
- Tiger’s tour today is actually news of an impending tour. i.e. that An investment manager may put the capital to work in Slice. Slice is an Indian company looking to boost the use of credit cards in the country. Tiger could put $100 million in the company, TechCrunch reports. Manish Singh writes in the blog that Slice “raised about $30 million in previous equity funding rounds and was valued at less than $200 million in a round earlier this year.” Soon, I think. (Note: The American pizza program Slice is not the same as the Slice service above. Also note that startups should come up with more unique names!)
- Next: Alpha Paw, which just raised $8 million. If you’re ready to mock a pet grooming startup for raising venture capital money, I can say you haven’t been to the vet lately. If you can keep your pets healthy, you may be able to save big bucks. Alpha Paw offers “pet products for dogs and cats such as foods and supplements that are customized with pet breeds in mind” specifically. Since half of my generation has more dogs than kids (the current score is 3-0 in my house), I fully expect Alpha Paw to raise an additional $800 million by December.
- closing startup coverage today, Productfy raised $16 million for its Banking as a Service (BaaS) product. I have to admit that I lost track of all the startups out there. They all seem to be able to raise capital, so there has to be growth that can be shared. But over time, will we see standardization of BaaS? We’ve finally seen some movement in the OKR hot-start field, and BaaS is feeling more crowded. For now, however, Productfy “aims to stand out in its mission to build DeFi for traditional finance, according to founder and CEO Duy Vo,” per our region. Mary Ann Azevedo.
Private Equity is ready to take MSP standardization to the next level
Good news: Companies of all industries are digitizing their operations faster than ever before, providing huge advantages for companies getting started now.
Bad news: Many technical workers are already looking for new jobs, and companies must compete to find the right people who can build strong and secure IT environments.
Managed Service Providers (MSPs) are closing the gap, and private equity firms are paying attention.
“Medium and small-sized companies have all the ingredients that private equity loves,” wrote Mike McGill and Kevin Jolly of Cowen & Company, LLC.
“Strong demand trend, low obsolescence risk, ‘steady’ service attracting long-term customers and high recurring returns, strong cash flow margins, and a relatively ‘asset-light’ business.”
(TechCrunch+ is our membership program, which helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
Tech Crunch Experts
If you have a software consultant that you think other startup founders should know about, fill out the survey Here.
Read one of the testimonials we received below!
Recommended by: Garland Kahn, consultant
certificate: “[They have] Deep understanding of cloud technology and how it is used in conjunction with open source software to provide us with an infrastructure that is scalable yet easy to understand and maintain. They were literally trying to make themselves obsolete! “
We are continuing to add content to our growth marketing segment. Check out this article on TechCrunch+ from Jonathan Martinez: “5 Common Growth Marketing Mistakes That Startups Make.” If there’s a growth marketer who thinks we should know, Let’s know.