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Hello and welcome to Daily Crunch for September 29, 2021. Welcome to what feels like fall on the East Coast of the United States. Yes, the seasons are changing, but the technology and startup worlds are refusing to shift from the high-velocity pace that they’ve held for what feels like years at this point. Someone should tell them to drink hot tea by a window looking out at trees for a few days instead of doing, well, all that follows in this letter. — Alex
The TechCrunch Top 3
- Google announces slew of search updates: Alphabet company Google is the world leader on search, but with competition starting to nip at its heels, the company is busy rolling out upgrades to its tech. Today the company announced some redesign work, better wildfire tracking and an effort to bake more context into results. All of that is welcome, but doesn’t cut at the core issue of rising ad loads on prime search real estate.
- Direct listings are hot: Recent public-market debuts from Amplitude and Warby Parker indicate that the direct-listing route to public-market liquidity is more than open today. For unicorns perhaps uncomfortable with the traditional IPO, it’s more than good news.
- SoftBank pours $200M into Andela: While Tiger is making the largest media waves these days, SoftBank is still busy doing deals. Today the Japanese telco and investing powerhouse...
Read Full Story: https://techcrunch.com/2021/09/29/daily-crunch-andela-reaches-1-5b-valuation-after-softbank-leads-200m-series-e/
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