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talk to my editor This week on the usual: upcoming stories, the future of the podcast, and the existential dread of imposter syndrome amid a year and a half of extreme change. The last part took up most of the conversation. Go figure!
Our conversation was helpful because it put words to the tensions that are often found between the lines and gave weight to the little things that are hidden for a pandemic-sized year. Don’t worry, I won’t bore you with my thought loops, but I will draw some lessons that I think are widely applicable to Startups Weekly readers, because based on your clicks, I know you like suggestions (and seriously ones, at that). :
- Give yourself grace. The pandemic has been confusing, unbalanced, and has caused many losses to many people. If you feel like you are operating at less than 100% right now, remember that you are operating at a time when the world feels like it relies on a frayed lightbulb for guidance. Before being hard on yourself for not being productive, think about where your productivity standards come from and whether they are fair in the first place.
- Your problems are not unique. While we are all diverse and nuanced people, we are not alone in many of the things that make us human. Everyone overthinks, everyone searches for the soul, everyone has personal and professional insecurities that spring up in non-obvious ways. Believing that your problems are not entirely unique, I believe that you will feel more in control of the turbulence. Which brings me to my next point …
- Vulnerability is everything. The vulnerability was front and center in the first inning of the pandemic, where we were all brought into each other’s living rooms, home offices, and backyards via Zoom. That vibe has faded a bit as we adapt more and more to distributed work, but that doesn’t mean we can’t try to find ways to be more vulnerable among ourselves. Allow yourself to have a voice, even in times when it’s easiest to be quiet, because you will feel closer to the end.
Take whatever you want from the tips above (or see these tips from a fellow entrepreneur), but I think it all comes down to the belief that we must be human first, and insert job title here second. It is truly (still) an unprecedented time in this world, and ending the stigma of mental health in general is a worthwhile goal.
The remainder of this newsletter is about a cyber attack on a venture capital firm, AfterSquare, and an EC-1 on 911. Before we continue, we are pleased to announce that TechCrunch is launching another newsletter! This Week in Apps from the inimitable Sarah Perez launches this Saturday morning, August 7. Register here to be aware of all the applications. As always, you can find me on Twitter. @nmasc_.
Cybercriminals target a venture capital firm
Advanced Technology Ventures, a Silicon Valley venture capital firm with $ 1.8 billion in assets, was hit by a ransomware attack. Cybercriminals stole personal information on about 300 of ATV’s limited partners, also known as the people who have put millions of millions into its fund, according to a scoop on Zack Whittaker.
This is what you need to know: This particular attack stole key information about a secret part of how risk money works. Venture capital firms often do not disclose all of their LPs due to competitive advantage and secrecy. The company may not want competitors to know who is backing them, while a limited partner may not want others to know where their money is going. As ransomware groups “continue to hunt the big game,” according to Whittaker, LP listings are part of that, and other VC firms should take note.
The money behind the money:
After Square pays
Fintech lit up this week after Square bought the “buy now, pay later” giant Afterpay for $ 29 billion. The deal, expected to take place next year, will see Afterpay integrate its services into the Square’s Seller and Cash Pay ecosystems. Mary Ann Azevedo reported the news amid industry warming, and Alex Wilhelm shared why he thinks Square landed on that magic number.
This is what you need to know: Everyone is building their own in-house BNPL service, from Shopify (!), PayPal, and reportedly Apple. So while “Shopify should buy Affirm” theories abounded, journalist Ryan Lawler gave more context on what this deal means for startups.
Matthew harris of Bain Capital Ventures told TechCrunch that as the BNPL space fills up, he doesn’t see “much leeway / new angles in the consumer BNPL space … scale matters and it will be difficult for new entrants to achieve speed. escape “.
Instead, he believes there is an opportunity for BNPL models to enter the B2B space, where companies can “replace / enhance traditional invoice financing and trade credit.”
The 411 in the 911
TechCrunch Editor-in-Chief Danny Crichton dived into the heart of 911 and emergency response on our latest EC-1 on RapidSOS. The company, which has raised more than $ 190 million, has created an emergency response data platform that helps first responders access a wealth of data in high-intensity situations. It processes more than 150 million emergencies each year, and according to Crichton, it’s almost certainly built into your smartphone right now.
This is what you need to know: From the early years of the steaming pizza oven to its pivot without product design, RapidSOS’s story shows just how much it can do in a decade of stagnation on Capitol Hill.
The four-part series:
- Ryan lawler has returned to TechCrunch! He is working with the ExtraCrunch team to provide you with a deeper analysis of what is happening in the fintech world. He is particularly interested in the B2B side of fintech, which includes everything from startups that build infrastructure and development tools for companies that deploy their own financial services to corporate cards, startup banking, and expense management services that are likely to use the TechCrunch readers. If you work at a relevant company in the space, have invested in one of those companies, or are a customer or partner of one of those companies, you would love to hear their perspective on what is interesting and what is happening. You can email him at firstname.lastname@example.org.
- I haven’t given you a discount code in a while, so use the code CAPITAL to get a good deal on your Extra Crunch subscription.
- The Disrupt Agenda is alive and breathing, so see who joins our virtual stage in September and buy your tickets.
Seen on TechCrunch
Seen on Extra Crunch