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India prevents MasterCard from boarding new customers, citing data storage breaches

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Hello and welcome to the Daily Crunch for July 14, 2021. There is a jam-packed newsletter for you today, so we’re getting something up. In recent weeks we have often covered the Indian technology regulatory market. Why? Because the Indian startup scene is crazy busy. How the Indian government manages the boom is crucial to a host of entrepreneurs, investors and workers.

In that vein, there will be a mastercard in the latest chapter of the story, which prevents new users from boarding. Why? According to our reporting, “does not comply with local data storage rules.” You will be reminded that data regulation is a big part of the changing control world for Chinese startups. Something to note!

Top 3

Today’s Top 3 Social Networks. Yes, we are huge companies sharing our lives, day in and day out. Let’s start with Facebook.

  • Facebook, like Amazon, is not thrilled with the new US antitrust boss: The appointment of Leena Khan as head of the US Federal Trade Commission (FTC) is making waves among the world’s largest tech companies. Amazon demanded to withdraw itself from controlling its business. Facebook is making similar noises now. In short, tech giants feel that her previous criticisms of their business practices are unworthy. It is at once dangerous and recognizable; There is a perspective about a regulator, as well, that regulatory disqualification appears to be more of a qualification than a fact.
  • Facebook is also ready to buy creator love: Sticking to the world of Facebook for a moment, the company announced a $ 1 billion fund to be paid to digital creators who produce work that lives on its platforms. The dollar amount we should pay attention to here; Facebook is ready for the attention that TickTalk can earn for free.
  • Twitter is killing fleets: The last bit of hot new social media news is that Twitter calls its short-beloved story feature Fleets. First, read the story, and then have fun This is a cool tweet And this is a perfectly accurate subtitle.

Really though, are you missing fleets? Nope.

Startups / VC

Today we have a lot to enter from the startup world, looking at this matter from a more meta level begins with two pieces. For your enjoyment we have a grip on new rounds:

  • How to work with today’s high-flying starting values: I wrote earlier today to filter out some of the conversations I had with investors and entrepreneurs about today’s opening values ​​and how paying high prices works for entrepreneurs and venture capitalists. They may not be! But here is the bullish take.
  • Billions for Battery Tech: LG Chem plans to spend $ 5.2 billion on battery tech over the next four years. That’s more than $ 1 billion Year. This action illustrates how hot this sector is. Hell, it will also make SPACs for companies that will still have revenue for years to come.
  • a16z not invested in crypto: Today’s news is that the venture company has launched the $ 9 million Series A into the Phantom, which Lucas describes as a “crypto wallet startup”. Keep in mind that A16z has reloaded its venture artillery with the latest crypto-focused funds.
  • M 21M for virtual concerts: One good thing about the pandemic is the musical performances on the coolest virtual shows. Here is an example. Now Flymachine has a lot of money to “capture some of the magic of live concerts and performances in a live stream setting”. Yes, please – it’s awesome.
  • More money for cybersecurity: There are three perfections to life: death, taxes and massive new cyber‌ security rounds. Today is the 5 275 million Series F series for Cyberson, which operates in the Extended Identification and Response (XDR) space.
  • Meet the newest Midwest unicorn: This is M1 Finance, which was widely covered by  last year. Why? This is because the company has built a finance super app that has proven to be very attractive to customers. The company now has more than $ 150 million under the belt – four months after the new funds raised $ 75 million! – and assets of 4.5 billion in management.
  • Finally, more money for fake meat: Raising animals is a very inefficient way to produce calories for consumption, and it is hell on the environment. That is why investors are pouring capital into fake meat companies. NextGen Foods today announced the acquisition of a $ 20 million seed extension (YIP) for its “plant-based chicken substitute”, reports.

How to navigate the acquisition without alienating your current employees

Now that COVID-19 vaccines are encouraging the world to reopen, two trends are happening:

In the first half of 2021, mergers and acquisitions increased more than 150% to $ 2.4 trillion; In many surveys, a large number of workers say they expect to find employment elsewhere.

If your startup is heading towards exit, the promise of a big payday is not enough to retain employees who feel burned out or dissatisfied.

Most entrepreneurs do not have prior management experience, and, apparently, the uncertainty associated with leaving is not the right time for job practice. With this in mind, here are several communication strategies that can help you keep your winning team intact.

Big Tech Inc.

Sure, we’ve covered a lot of big tech news, but there are many more:

  • Remember the Kindle? Amazon has set up a new Kindle service for serialized fiction. This is super cool. Even better, the service is live now. This is called the Kindle Vella. Anything that gives the writers a more creative room is good for me.
  • Twilio wants to help you add audio and video to your app: API-delivered service trendsetter Twilio Twilio Live has been announced, which helps developers to embed live audio and video into their apps. The details are a bit lacking so far, but startups are working on related products, so it will be interesting to see how this market shares.
  • Microsoft built Cloud Windows when no one was watching: Redmond has a new service called Windows 365 – it is not Microsoft 365, a rebrand of its Office 365 service. Windows 365 allows companies to stream devices to Windows. Frederick reports that “Windows 365 has long been anticipated and is truly an evolution of existing remote desktop services.” We think it’s nice though.

 Experts: Growth Marketing

Illustration montage based on education and knowledge in blue

Image Credits: Sean Gladwell (Opens in new window) / Getty Images

Were you all caught up in last week’s coverage of Growth Marketing? If not, read here.

As always, if you have a growth marketer recommendation that we need to know, fill out the survey here.

Read one of the testimonials we received below!

Marketer: Mitch Cozzy, Demandwell

Recommended by: Drew Beecher, High Alpha

Certificate: “The Mitch & Demand‌well team is the most intelligent content, SEO and digital marketers I have ever met, and their results speak for themselves. Organic search and their process around content, proprietary software and expertise help companies think about organic search as a repetitive, proven method for the growth and demand gene of some organic search. Mitch and Demandwell playbook worked well, were client for two years, and after being recommended by many in our portfolio, High Alpha ended up bringing Demandwell into the portfolio to turn their playbook into a scalable software platform. ”


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