Extra Crunch Friday: The TechCrunch Exchange drops tomorrow

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Friday, July 24, 2020 By Walter Thompson

Welcome to Extra Crunch Friday

Welcome to Extra Crunch Friday image

Image Credits: Nigel Sussman

One of the joys of working at TechCrunch: everyone on the staff is a nerd on some level.

Back in middle school, some kids collected Pokemon cards or played Magic: The Gathering. Senior Editor Alex Wilhelm, on the other hand, read the print edition of The Wall Street Journal.

Tomorrow morning, he launches a weekly newsletter that studies the latest developments in startups, markets and money.

The TechCrunch Exchange newsletter weaves a narrative from his weekday stories that dive into the latest funding rounds, S-1s, conversations with investors and entrepreneurs, and publicly available information.

This week, he studied the latest developments in the public markets; despite a wearying level of uncertainty, “this is the IPO market unicorns were waiting for,” he wrote on Wednesday, assessing the strong debut of Jamf, an Apple-device management company.

On Thursday, he turned his attention to the strength of insurtech marketplaces, specifically looking at Lemonade’s post-IPO price jump to see if it offers any insight into Hippo’s $150 million Series E.

Today, he ends the week with a provocative question: are insuretech startups undervalued?

Adding Root and Metromile to to the cohort of companies under consideration, he attempts to stake out their value relative to the larger players, because “how they exit will help determine the results of many a venture fund.”

Alex’s daily analysis is fascinating to read, and it’s exciting to edit such top-level business writing. Sign up here to subscribe to The Exchange newsletter. To read his column every day, become an Extra Crunch member.

Have a great weekend,

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

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Edtech startups flirt with unicorn-style growth

Edtech startups flirt with unicorn-style growth image

Image Credits: doyata / Getty Images

The edtech funding boom continues: Coursera announced its $130 million Series F a day after it was reported that Udemy was seeking a $3 billion valuation.

“This momentum is hardly surprising,” reports Natasha Mascarenhas. “Earlier in the pandemic, MasterClass raised $100 million, Quizlet became a unicorn and BYJU’S became India's second-most-valuable startup.”

For her latest look at edtech, she gathered feedback and impressions from a number of investors about future IPO candidates and explored “other uses of six-figure rounds in the education market.”

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Join Extra Crunch and read The Exchange every weekday

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Alex Wilhelm's daily analysis of the latest in startups, markets and money is only available for Extra Crunch members.

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Dear Sophie: How should I prepare for a green card interview?

Dear Sophie: How should I prepare for a green card interview? image

Image Credits: Sophie Alcorn

Dear Sophie:

My employer sponsored me and my family for green cards. We're expecting to get a green card interview scheduled soon. What should we expect and how should we prepare for our interview?

— Nervous in Newark

Read more

Messenger tools can help you recover millions in lost revenue

Messenger tools can help you recover millions in lost revenue image

Image Credits: PeopleImages / Getty Images

Offering real-time customer support on your website will help you retain users who’ll generate revenue — but you need to know which ones are worth reaching out to.

Big brands use messenger tools to offer live chat, but any startup that’s sensible about web analytics can recover lost revenue by picking the right candidate pages, observing user flow and giving customers “breathing room.”

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Diaspora Ventures explains how AngelList's rolling venture funds work

Diaspora Ventures explains how AngelList's rolling venture funds work image

Image Credits: Neonbrand / Unsplash

Romain Dillet interviewed Ilan Abehassera and Carlos Diaz, co-founders of Diaspora Ventures, a new VC fund that focuses on French founders working anywhere in the world.

The pair used AngelList's Rolling Venture Funds to spin up quickly; to date, Diaspora Ventures has received $3 million, with more to come. If the model takes off, rolling funds could turn VC into “a sort of subscription product,” writes Romain.

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The cybersecurity industry needs to reinvent itself

The cybersecurity industry needs to reinvent itself image

Image Credits: Krisztian Bocsi/Bloomberg / Getty Images

When it comes to cloud security, 93% of cybersecurity professionals in one survey said they are “moderately or extremely concerned.”

Reforming the industry requires “a broader transformation,” writes Nir Zuk, co-founder and CTO of Palo Alto Networks.

“Organizations of all sizes must adopt a new model for scaling and delivering cybersecurity, one that looks at security holistically, from the data center to the edge to multiple clouds.”

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When choosing a tech stack, look before you leap

When choosing a tech stack, look before you leap image

Image Credits: Hs Jo/EyeEm / Getty Images

The tech stack you select will inform the way your company is perceived in the market and could make it easier — or harder — to recruit and retain top talent.

To learn more about this fundamental decision, Ron Miller spoke to HappyFunCorp CEO and co-founder Ben Schippers and CTO Jon Evans at this week's TechCrunch Early Stage conference.

Schippers and Evans have customized software for Samsung, AMC, WeWork and Amazon, “so they know a thing or two about the subject,” writes Ron.

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Playbook PM: Celebrities back Biden in big cash event

Presented by Google: POLITICO's must-read briefing on what's driving the afternoon in Washington
Jul 24, 2020 View in browser
 
POLITICO Playbook PM

By Anna Palmer, Jake Sherman, Eli Okun and Garrett Ross

Presented by

NEW … HILLARY CLINTON, PETE BUTTIGIEG, SENS. TAMMY BALDWIN and KAMALA HARRIS, KRISTIN CHENOWETH, JOHN LEGEND, JAY LENO and other celebrities are hosting "Celebration for Change: 100 Days to Go," a Joe Biden fundraiser, on Sunday at 8 p.m. Tickets range from $15 to $1,000. The invite

FRONT PAGE of the FLORIDA TIMES-UNION (JACKSONVILLE): "Convention called off … Florida adds record 173 virus deaths … School board approves delayed start" (h/t Alex Leary)

-- "Florida adds record-high coronavirus hospitalizations, 12,000 plus cases," by the Tampa Bay Times' Romy Ellenbogen

-- WGN AMERICA'S @BrianEntin: "Florida Gov. Ron DeSantis will be at the White House this afternoon, according to his official schedule."

CASH DASH -- In the Kansas Senate race, KRIS KOBACH raised $112,000 and has $136,000 on hand, ROGER MARSHALL raised $156,000 and has $1 million on hand, and BARBARA BOLLIER raised $670,000 and has $4.2 million on hand. (h/t James Arkin)

THE LATEST IN COVID TALKS -- Neither chamber is in session this weekend working on coronavirus-related legislation. ALTHOUGH SENATE REPUBLICANS do expect movement next week, we'll have to wait to see what that looks like. ENHANCED UNEMPLOYMENT BENEFITS are slated to run out in one week.

SPEAKER NANCY PELOSI and SENATE MINORITY LEADER CHUCK SCHUMER put out a joint statement this morning: "This weekend, millions of Americans will lose their Unemployment Insurance, will be at risk of being evicted from their homes, and could be laid off by state and local government, and there is only one reason: Republicans have been dithering for months while America's crisis deepens. …

"We had expected to be working throughout this weekend to find common ground on the next COVID response package. It is simply unacceptable that Republicans have had this entire time to reach consensus among themselves and continue to flail. Time is of the essence and lives are being lost." The full statement

Happy Friday afternoon. Press secretary KAYLEIGH MCENANY is briefing at 1 p.m.

TRUMP'S GOP -- "Republican Party officials hid COVID-19 mask purchases by labeling them 'building maintenance' in federal disclosures," by Business Insider's Dave Levinthal: "The RNC ordered the masks at a time when President Donald Trump and other prominent Republicans were refusing to cover their faces in public. The purchases reveal that Republican leaders were taking the coronavirus more seriously than they'd been publicly letting on."

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VICE'S ELIZABETH LANDERS (@ElizLanders): "INBOX: tomorrow, @VP will travel to Nantucket, Massachusetts - he'll meet with Governor Baker on efforts to combat COVID-19."

THE FATE OF DACA -- "'Whiplash': Trump and his team face an internal struggle over Dreamers," by Anita Kumar: "Every few days, the White House seemingly adopts, then abandons, a new strategy. Initially, Trump said he planned to file new paperwork to try to end the program, using guidance from the court's ruling. That never materialized. Trump later suggested he was seeking a deal with lawmakers to create a new version of the program. But the White House never reached out to lawmakers. Then, Trump floated a possible executive order, likely to narrow the program. That hasn't happened. And the clock is ticking …

"The result is that few people, if any, know what will happen. Administration officials are telling different things to different people involved in immigration policy. And staffers are going back and forth internally with just over 100 days from the election. … Any action he takes is a political minefield." POLITICO

-- AP: "White House seeks advice of 'torture memos' author on powers," by Jill Colvin and Mark Sherman: "President Donald Trump is relying on an outlier interpretation of a recent Supreme Court decision to assert broad new powers as he prepares to sign a series of executive orders in the coming weeks. The expansive view of presidential authority has been promoted by John Yoo, a Berkeley Law professor known for writing the so-called 'torture memos' …

"Yoo told The Associated Press on Thursday he's had multiple conversations with senior administration officials in which he's made the case that a June Supreme Court ruling that rejected Trump's effort to end the Deferred Action for Childhood Arrivals program, or DACA, opened the door to enormous new presidential power. 'I said, "Why not just take the DACA opinion itself and do a search-replace. And every time it says 'DACA' ... replace it with 'skills-based immigration system,'" Yoo said he told the White House." AP

Q FILES -- "QAnon Conspiracy Theorist Agent Margaritaville on the Run From Cops," by Vice's Mack Lamoureux … "The Shocking Secret Past of One of QAnon's Most Toxic Stars," by The Daily Beast's Will Sommer

FOR YOUR RADAR -- "U.S. Jet Fighter Intercepts Iranian Passenger Plane Over Syria," by WSJ's Nancy Youssef, Aresu Eqbali and Sune Engel Rasmussen: "An American F-15 jet fighter flew within roughly 1,000 meters (1,094 yards) of an Iranian passenger plane in the vicinity of a U.S. air base in Syria on Thursday, a U.S. defense official said, an incident Iranian media said forced the aircraft to descend abruptly, injuring several passengers before landing in Lebanon.

"The incident in Syria's airspace followed months of building tensions between the two countries, which experts have warned could lead to miscalculation and armed confrontation. … Iran called the maneuver 'harassment' and a violation of international aviation laws." WSJ

 

DON'T MISS - POLITICO'S NEW "FUTURE PULSE" NEWSLETTER: The coronavirus pandemic accelerated long-simmering trends in health care technology and one thing is certain: The health care system that emerges from this crisis will be fundamentally different than the one that entered. From Congress and the White House, to state legislatures and Silicon Valley, Future Pulse spotlights the politics, policies, and technologies driving long-term change on the most personal issue for voters: Our health. SUBSCRIBE NOW.

 
 

PLAYBOOK METRO SECTION ... WAPO'S FENIT NIRAPPIL (@FenitN): "BREAKING: Starting Monday, D.C. will require people coming from 'high-risk' areas to self-quarantine for 14 days. High-risk defined as the 'seven-day moving average of daily new coronavirus cases is 10 or more per 100,000 people.' Don't have a list of states yet … [Muriel Bowser's] presentation also suggests that indoor dining, sports and hair cuts are on the chopping block if trends grow worse."

FRIDAY DOWNER -- "A Vaccine Reality Check," by The Atlantic's Sarah Zhang: "A vaccine, when it is available, will only mark the beginning of a long, slow ramp down. And how long that ramp down takes will depend on the efficacy of a vaccine, the success in delivering hundreds of millions of doses, and the willingness of people to get it at all. It is awful to contemplate the suffering still ahead. It is easier to think about the promise of a vaccine." Atlantic

INTERACTIVE -- "How the U.S. Compares With the World's Worst Coronavirus Hot Spots," by NYT's Lauren Leatherby: "The surge in the United States is so extreme that, once adjusted for population … 10 states are recording more new cases than any country in the world." NYT

A COVID TRAGEDY -- "The Church Deacon Died of Covid-19. Then His Body Went Missing: After Mitzi Hallman's husband of 42 years died this spring, there was more heartache to come," by WSJ's Michael Phillips

WHAT BILL BARR IS UP TO -- "He thought he had asylum. Now, he could face a death sentence," by Betsy Woodruff Swan: "Late last month, Attorney General Bill Barr quietly reopened a sprawling case that spans four decades and two continents. It involves the killing of a president, a decades-old death sentence, and a hard-fought battle for asylum pitting a former Bangladeshi military officer against the U.S. Department of Homeland Security.

"For almost 15 years, the case was closed. But now, thanks to Barr, it's back. And immigration lawyers say the move sends a chilling message to people who have received asylum in the U.S. It signals, they argue, that even after years of successful legal battles, any protection could still be revoked out of the blue.

"They also say the move's timing is inscrutable. The legal team for the military officer––wanted by Bangladesh's government for decades––says they suspect foul play, and that if the U.S. deports him, he is all but certain to be executed."

 

BECOME A CHINA WATCHER : The U.S. is talking about China in a way it hasn't since the days of Mao Zedong's rule. While experts say there is a "zero percent" chance of a decoupling between the two world powers, the era of seamless globalization is over. Join the conversation and gain expert insight from informed and influential voices in government, business, law, tech, and academia. China Watcher is as much of a platform as it is a newsletter. Subscribe today.

 
 

HOT ON THE LEFT -- "Did New York Just Get the Nation's Most Liberal Legislature?" by NYT's Jesse McKinley and Luis Ferré-Sadurní: "A slew of progressive challengers upset entrenched incumbents in the New York Legislature in the recent Democratic primary, cementing their movement's influence in Albany and making it likely that the state government will become one of the most liberal in the nation.

"The results, held up for weeks because of delays caused by the coronavirus outbreak, set up potential clashes between an emboldened Legislature eager to push the priorities of the left and Gov. Andrew M. Cuomo, a moderate Democrat who generally favors a get-it-done philosophy." NYT

HMM -- "DHS admits it made false statements in defense of denying Global Entry to New Yorkers," by CNN's Geneva Sands and Priscilla Alvarez: "The admission in a court filing came on the same day the department announced it will allow state residents to participate in the program again. DHS blocked New Yorkers from the program over provisions in a state law protecting the information of undocumented immigrants applying for driver's licenses to be shared with federal immigration enforcement agencies." CNN

RACIAL RECKONING -- "How One of America's Whitest Cities Became the Center of B.L.M. Protests," by NYT's Thomas Fuller in Portland, Ore.: "During 56 straight nights of protests here, throngs of largely white protesters have raised their fists in the air and chanted, 'This is not a riot, it's a revolution.' They have thrown water bottles at the federal courthouse, tried to pry off the plywood that protects the entrance and engaged in running battles with police officers through clouds of tear gas. In recent nights, the number of protesters has swollen into the thousands." NYT

-- AFTERNOON READ: "The worst-case scenario: Converging in a tense section of Huntsville: A white police officer fresh from de-escalation training, a troubled black woman with a gun, and a crowd with cellphones ready to record," by WaPo's Hannah Dreier in Huntsville, Ala.

CORRECTION DU JOUR, on the NYT UFO story: "An earlier version of this article inaccurately rendered remarks attributed to Harry Reid, the retired Senate majority leader from Nevada. Mr. Reid said he believed that crashes of objects of unknown origin may have occurred and that retrieved materials should be studied; he did not say that crashes had occurred and that retrieved materials had been studied secretly for decades." NYT

IN MEMORIAM … WWSB: "Buchanan staffer passes away after battle with COVID-19": "Suncoast Congressman Vern Buchanan announced Friday that one of his field representatives passed away after a battle with COVID-19. Gary Tibbetts, a field representative for the congressman, was being treated at Manatee Memorial Hospital after a positive diagnosis of the novel coronavirus." WWSB Buchanan's remembrance

 

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Swann commits to mandatory face masks - if he feels he has to

Orange halls can open their doors
 
 
     
   
     
  Jul 24, 2020  
     
 

Dear reader

 

More details have been revealed about a new mobile phone app being launched in Northern Ireland next week to help prevent the spread of Covid-19.

 

The StopCOVID NI proximity app will anonymously alert users if they have been in close contact with another user who has tested positive for the virus. It will work alongside the Public Health Agency's existing telephone based contact tracing operation.

Health minister Robin Swann believes it is another important tool in the battle against Covid.

The Northern Ireland Statistics and Research Agency (Nisra) meanwhile has revealed that the Province's death toll from coronavirus has now reached 850. The data shows five deaths occurred in the week from July 11 to July 17, up two on the week before.

Meanwhile, the Department of Health here has confirmed that another 15 positive cases of coronavirus were diagnosed in the previous 24 hours. 

It has also been confirmed that following recent changes in regulations Orange halls can open their doors once more.

Enjoy your weekend

Alistair Bushe
Editor

 

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Signing up will get you faster-loading articles, fewer adverts and access to exclusive content and events when we run them. To learn more, visit our Subscriptions page here.

 
     
  'I will not step back from making that happen' Health Minister Robin Swann will make face-coverings mandatory if he feels he has to  
     
  Northern Ireland Health Minister, Robin Swann, has said he will not hesitate in making face-coverings mandatory in shops if he deems it necessary.  
     
{$escapedtitle}
     
   
     
 
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Yes, Orange halls can open their doors once more according to the government
 
The government has confirmed that Orange halls are among the list of venues which can now re-open as the Covid lockdown eases.
 
     
 
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Moy Park coronavirus outbreak: Union wants all workers to be tested
 
A trade union has called for all workers at the Moy Park site in Ballymena to be tested for coronavirus after an outbreak was discovered.
 
     
 
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Face-coverings may become mandatory in NI shops
 
Stormont Executive ministers have provisionally agreed to make the wearing of face masks in shops in Northern Ireland mandatory from August 20.
 
     
 
Article Image
Rugby player's signed jersey up for grabs in charity raffle
 
International rugby player John Cooney has signed and donated a coveted Ireland rugby jersey to support Cancer Focus Northern Ireland.
 
     
 
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'Extensive' use of remote learning behind university catering jobs threat
 
A move to increased remote learning due to the Covid-19 pandemic has been cited as the reason behind 50 catering jobs being under threat at Ulster University.
 
     
     
     
   
     
     
     
   
 
 
   
 
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