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e.Ventures, the global early-stage venture fund, has raised $400 million more from investors
Jul 03, 4:38PM
e.ventures, a 22-year-old, early-stage venture firm that invests out of dedicated funds in numerous geographies, including the U.S., Russia, Germany, Asia, and Brazil, has raised $400 million in new capital across two new funds: a $225 million U.S.-focused fund that’s based in San Francisco, and a $175 million fund that’s focused on Europe and based […]
Colonna call, timing a VC pitch, WeChat, patents, and growth
Jul 03, 4:33PM
Editor's Note: Shortened week Due to the U.S. Independence Day holiday this week on July 4th, Extra Crunch will not be publishing our normal editorial on Thursday and Friday of this week, nor will we send out this EC Roundup newsletter on Saturday. Normal publishing will resume starting next week on Monday. Conference Call Today […]
'Jurassic World: Fallen Kingdom' director to helm first episodes of Amazon 'Lord of the Rings' series
Jul 03, 4:25PM
Amazon’s Jeff Bezos seems to be really hoping that his streaming service’s forthcoming ‘Lord of the Rings’ original series can match Game of Thrones in terms of fantasy hype. Now, thanks to Deadline, we know the person who will be in the director’s chair for the first couple episodes of this Bezos-beloved project: Juan Antonio […]
Verified Expert Lawyer: Sophie Alcorn
Jul 03, 4:05PM
Sophie Alcorn founded her own immigration-focused boutique law firm a few years ago, that has quickly become a go-to resource for founders and tech workers in the Bay Area and beyond. While immigration paperwork acceptance rates have been dropping for immigration paperwork under tougher requirements set by the Trump Administration, especially for H-1Bs, Alcorn says […]
What everyone at a startup needs to know about immigration
Jul 03, 4:04PM
The immigration process in the U.S. has become a high-stakes undertaking for employers, workers, and entrepreneurs. Predictability has eroded. Processing times have soared. And any mistake or...
App revenue tops $39 billion in first half of 2019, up 15% from first half of last year
Jul 03, 3:41PM
App store spending is continuing to grow, although not as quickly as in years past. According to a new report from Sensor Tower, the iOS App Store and Google Play combined brought in $39.7 billion in worldwide app revenue in the first half of 2019 — that’s up 15.4% over the $34.4 billion seen during […]
Reliance Jio partners with Facebook to launch literacy program for first time internet users in India
Jul 03, 3:03PM
Mukesh Ambani, India's richest man, has enabled tens of millions of people — if not more — to come online for the first time with his disruptive telecom network. He has changed how many Indians, once thrifty about each megabyte they spent browsing the internet, consume mobile data today. But many of these first time […]
Samsung's Galaxy Fold problems are reportedly fixed — so now what?
Jul 03, 2:58PM
In a recent interview, Samsung CEO DJ Koh noted that the company was hard at work on Galaxy Fold fixes (he also said people won't be using smartphones in five years, so who knows?). And now, a report from Bloomberg confirms that the company has put the finishing touches on those fixes two months after […]
Stranger Things portals have appeared in Fortnite
Jul 03, 2:44PM
This summer has blessed us with a wealth of awesome television options, from Big Little Lies to Chernobyl to The Handmaid’s Tale. And the good times keep rollin’. Tomorrow, Stranger Things Season 3 drops on Netflix. To celebrate, it would appear that Epic Games is adding portals in Fortnite’s Mega Mall. Netflix’s Chris Lee, director […]
UK's CMA launches investigation into digital advertising and its "potential harm" to consumers
Jul 03, 2:26PM
Just two weeks after the UK’s Information Commissioner published a damning report setting out major privacy and other concerns about programmatic advertising, today the country’s Competition and Markets Authority poured more cold water on the digital advertising industry that could have a direct impact not just on digital advertising leaders like Google and Facebook, but […]
Tidal highlights behind-the-scenes personnel with new credits feature
Jul 03, 2:11PM
Listen up, youngsters. Back in my day we had a thing called album art. You'd buy a record and just stare at that thing for hours on end. You'd read the linear notes and check the credits for familiar names. These days Discogs offers a reasonable approximation of the latter, but streaming services have been […]
Google Pay gets more deeply integrated with Chrome
Jul 03, 2:10PM
Google Chrome users will now have an easier way to pay while online shopping, says Google, thanks to an update that lets you access the payment information you’ve saved to your Google Account. Previously, you could sync this payment information between browsers on different platforms by turning on the Google sync option. Now, the company […]
IP strategy: How should startups decide whether to file patents
Jul 03, 2:03PM
Bryant Lee, Ed Steakley & Saleh Kaihani Contributor Bryant Lee is the co-founder and managing partner of Cognition IP, a YC-backed IP law firm for startups. Ed Steakley was the Head of IP at Airware and Senior Patent Counsel at Apple. Saleh Kaihani is a partner at Cognition IP. Deciding what to patent can be […]
New approach to state drone laws balances privacy and innovation
Jul 03, 1:30PM
Brian Wynne Contributor Share on Twitter Brian Wynne is the president and CEO of the Association for Unmanned Vehicle Systems International. More posts by this contributor The biggest threat to drone innovation is a group you've never heard of Realizing the potential of drones, yet preserving our privacy Gary Shapiro Contributor Share on Twitter Gary Shapiro is […]
Europe moves closer to making VTOL air taxis a reality
Jul 03, 12:59PM
The European Union Air Safety Agency (EASA), the regulatory body that provides the rules of the skies needed for commercial airlines and other air travel providers to operate, has released new certification guidelines that set the stage for commercial operation of both hybrid and electric vertical take-off and landing (VTOL) craft. This is a key […]
KKR confirms it has acquired Canadian software company Corel, reportedly for over $1B
Jul 03, 12:17PM
Yesterday we broke the news that Corel — the company behind WordPerfect, Corel Draw, and a number of other apps, as well as the new owner of Parallels — had itself gotten acquired by KKR. Today, the news is confirmed and official: KKR today announced that it has closed the deal, purchasing Corel from private […]
Apple's iOS 13 update will make FaceTime eye contact way easier
Jul 03, 12:14PM
Apple has added a feature called ‘FaceTime Attention Correction’ to the latest iOS 13 Developer beta, and it looks like it could make a big difference when it comes to actually making FaceTime calls feel even more like talking to someone in person. The feature, spotted in the third beta of the new software update […]
WeChat wants to own tourism
Jul 03, 12:14PM
When people travel, they usually have a list of apps installed to navigate a new city, find restaurants, book transit tickets and more. China’s top chat app WeChat has designs on claiming that spot with a new strategy that lumps all these functions into a collection of destination-specific apps. Operated by Tencent, Asia’s second most […]
NSLComm's first spring-loaded expanding antenna satellite is headed to space
Jul 03, 12:00PM
Space tech startup NSLComm is gearing up to put its first satellite into orbit, aboard a Russian Soyuz rocket launching this Friday at 1:42 AM ET. Not only is the launch a first for the company, but it’s also the first deployment of a new kind of satellite technology, and expandable antenna solution created by […]
China's Alipay adds sought-after beauty filters to face-scan payments
Jul 03, 9:32AM
In China, striving for accuracy in a piece of facial recognition software isn’t enough. As Alibaba’s e-wallet affiliate Alipay has recently demonstrated, the way software presents a user’s look is also crucial to its success. On Tuesday, Alipay announced on social media platform Weibo (in Chinese) that it’s added beauty filters to its pay-with-face system […]
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