We’re still in a founder-friendly market, of sorts – TechCrunch

Welcome to Startups Weekly, a fresh, human take on this week’s startup news and trends. To receive this in your inbox, subscribe here.

I thought a lot about the silos, or lack thereof, within startupland. Sometimes there’s an artificial wall that goes up between companies at different stages of growth, when in reality everyone is in the same room, drinking and tripping over the same carpet.

Allow me to be more specific. While the late-stage market has cooled for tech companies, many early-stage investors say their portfolio companies aren’t too badly affected because they’re years away from an exit and have enough capital to cope with uncertainty. The same energy was on display this week at TechCrunch Early Stage. Stellation Capital’s Peter Boyce II coyly told me that based on the term sheet he wrote yesterday, we’re still definitely in a founders-friendly market, while a pair of entrepreneurs told me not-so-subtly reminded that experimental bets still matter. funding rounds.

I believe in optimism and view this period in early stage startups as a correction, not a reckoning. But, new PitchBook and NVCA data shows that the dollars are changing across the board.

For my full take, read my TechCrunch+ column: “Let’s stop pretending there are silos in startupland.” In the rest of this newsletter, we’ll talk about social fintech, a new TC-1 on Kindbody, and some history on hostile takeovers. As always, you can support me by forwarding this newsletter to a friend, follow me on twitter or by subscribing to my personal blog.

Offer of the week

I covered Braid, a fintech social game that wants to make shared wallets with friends more common. The startup recently launched a new twist on consumer payment links: People can braid pool around any endeavor – a fund for this summer’s trip to Italy, car gas expenses shared or a fundraiser to put into the monthly book club snacks – then send a link to friends who want to put some money in. The money then goes directly to the wallet and the creator can manage it alone or with participants.

Here’s why it’s important: Fintech can’t just build for the smartest, most proactive person in the room, so I like that Braid is the middle ground between the friend who’s still able to split the bill at the end of the day. dinner and whoever gets overwhelmed with the calculation and distribution of the tip. Hmm, me. Sharing something as emotional as money certainly poses challenges – which I outline in my post – but it also starts a fascinating conversation.

Honorable mentions:

Picture credits: Olena Polyakevich (Opens in a new window) /Getty Pictures

The Kindbody TC-1

Rae Witte dug into the story of Kindbody, a fertility startup that has raised $154.7 million in known venture capital to date with a groundbreaking approach: it’s important that patients feel heard and comfortable.

Here’s why it’s important: We know that “holistic health” is the term of the day for digital health companies, so there are natural questions about whether Kindbody’s approach to fertility support has really an impact. This, from one of the stories, gives me hope:

Fertility patients have varying needs, and their portal experience reflects this. An LGBTQ+ patient will not be asked the same questions or given the same information as a heterosexual couple because their fertility journey is biologically different. When patients register, they indicate how they identify themselves and the services they use. This personalization continues throughout the patient journey, both during visits and via the portal.

The whole series:

Illustration of Kindbody TC-1 on TechCrunch

Picture credits: Nigel Susman

Hostile takeover, anyone?

Elon Musk made the news, again, this week with his Twitter fixation. This time, the billionaire offered to buy Twitter, which drove the stock price higher and TechCrunch dug up the history of hostile takeovers. In other words, a hostile takeover occurs when a company or person tries to take control of another company against the wishes of the company’s management. It’s spicy.

Here’s why it’s important: I mean, for anyone following the Twitter and Musk saga, it’s important to understand how realistic it is for a takeover to actually happen. As Kyle Wiggers taught me in his article, these takeovers are usually doomed in one way or another, thanks to poison pills and power balances.

If you don’t know what I’m talking about, take a minute:

Picture credits: HANNIBAL HANSCHKE/POOL/AFP/Getty Images

All week long

  • TechCrunch Early Stage 2022 was so much fun. Thank you to everyone who attended, asked questions and said hello, as it was truly a pleasure for the team to meet the readers in person after too long. If you missed the event, a recap of all panels will be rolling out to TechCrunch+ over the next few weeks, so stay tuned.
  • Buy tickets to next month’s event: TechCrunch Mobility, a two-day hybrid conference featuring the automotive industry’s top investors, founders and thought leaders.
  • Finally, if you missed last week’s Startups Weeklyread it here: Crypto’s latest disruption may be investor expectations and listen to a podcast about it here: Venture Needs Crypto More Than Crypto Needs Venture.

Seen on TechCrunch

Faraday Future demotes founder as leadership reshuffle continues

Lydia Hylton Explains Why She Joined Bain Capital Crypto Despite “That Tweet”

Windmill wants to drag window air conditioners, kicking and screaming, through 2022

SoftBank Amends LatAm Plan With New Early-Stage Spinout, Upload Ventures

Over 14,000 Etsy sellers go on strike to protest higher transaction fees

Seen on TechCrunch+

Is Stripe cheap at $95 billion?

Why EV startups should have held back before merging with a SPAC

Dear Sophie: I didn’t win the H-1B lottery. What are my next steps?

A glimpse of a Ukrainian fintech startup adjusting to life in wartime

Mayfield’s Arvind Gupta discusses seed fundraising during a downturn

Until next time,

NOT

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