India Announces Plans for Digital Rupee, 30% Tax on Crypto Profits – Techdoxx

Deepak Gupta February 1, 2022
Updated 2022/02/01 at 11:30 PM

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Hello and welcome to the Daily Crunch for Tuesday, February 1, 2022! I celebrated the first day of the month by cutting my internet as soon as I started preparing this newsletter for you. Am I panicking about having 1,000 words to produce in the next 38 minutes? Yea! But a lot is happening, so let’s get to work. – Alex

The Top Ploonge 3.5

  • WTF is a DAO: Often when a new technology term comes up, it is narrow in scope. And just as often, the term quickly dissolves into meaninglessness. AI Big Data. Social. You can add to this list. DAOs, or decentralized autonomous organizations, are experiencing a similar issue regarding accuracy. Fortunately, we have Lucas Matney on hand to investigate how DAOs are being defined by the people who support them.
  • Cryptocurrency investment skyrockets: After a record high in 2021, money flowing into the world of blockchain-based companies continued into January. We’ve also seen mega-rounds at space thrust companies like FTX. And a fund – harbinger – has just announced that it will invest a large part of its new capital in space. Get ready.
  • Alexis raises new capital: Reddit co-founder’s Seven Seven Six venture company has just set up its second fund, this time worth $500 million. And as you guessed from the previous synopsis, you’re going to put a lot of that money to work in cryptocurrencies.
  • But not just crypto: Seven Seven Six also participated in the non-crypto-focused Metafy Series A we covered today. Tiger was in the mix too.

Startups/VC

On the subject of new funds, AirTree has pooled $700 million AUD for three investment vehicles, or about $493 million USD. As we wrote in our article dissecting the news, “money is flowing into the Australian and New Zealand startup ecosystems.” Yes, this is true in many places, but you might not have anticipated that Australians and Kiwis were so involved in the action. They are! (You may have heard of Atlassian, for example.)

Shifting gears, our own Ron Miller has a cool article on the site stating that Docker has hit the $50 million ARR mark after revamping its business. Docker has faded from my brain a little over the last few years, but this revenue number indicates that we should probably start paying attention again. There is no better sign of having a product on the market that people need than the fact that they pay for it.

From the cash register:

  • WYL Increases to LandlordObs: WYL, or Whose Your Landlord, raised seed money from BlackOps Ventures by turning its rental review service into a software product it sells to people who own buildings. It’s a nice addition for a company that has done seven years with very little outside funding.
  • Metronome wants you to adopt on-demand pricing: Subscription vs. The on-demand pricing debate has been going on quietly in the tech world for a few years now. Ploonge has covered it quite extensively, but Metronome shows how far the matter has progressed. The startup created a service that helps software companies interact with on-demand pricing without changing code. This should help more companies to at least test the revenue model.
  • Today in good startup names: Pesto! Everyone loves the green sauce that goes well with everything but ice cream and peanut butter. It’s also the name of a startup that is building a “digitally native human workplace where employees can customize a workplace avatar.” As a fan of RPG character creators, this resonates with me.
  • Evidence of the tech talent wars: With $10 million in the bank, Free Agency is working to support more senior talent to secure the scholarship for their next job. Negotiation often pits a single worker against a company, which is a bit one-sided, silly, and often leads to miscommunications and hurt feelings. For high-value jobs, why not get help? The Free Agency is betting that this is the future. We will see.
  • E-commerce loans are big business: Working capital is a big issue for businesses in all industries, with cash outflows often timely compared to cash inflows. The answers vary by question, but Wayflyer, an Irish startup, is creating its own method of providing funds to e-commerce companies in a way that attracts both customers and venture interest in the nine-figure range.
  • Tiger leads $142 million round at RenoRun: Tiger is so quick to put capital to work that I haven’t even heard of some of the companies he puts nine figures on. Today, it’s RenoRun, which is not some sort of way to a casino, but reno as in renovation. The Canadian construction technology startup “built an e-commerce platform for construction and building materials,” we report.

And much more, including a new enterprise browser that just came out discreetly; pure privacy features from Mozilla, which I think still counts as a startup; and Natasha Lomas has a great article delving into startups working in the carbon credit space and how they may – or may not – succeed in cleaning up a business that is more obscure than you’d like it to be.

How to build and maintain momentum in your fundraising process

pink bowling ball rolling towards the pins in the bowling alley

Image credits: ozgurcankaya (opens in a new window) / Getty Images

Capturing investors’ attention isn’t enough when you’re raising money – you often need to convince them that your funding process is efficient and that you’re talking to other investors.

Momentum is key to building that level of interest, writes Nathan Beckord, CEO of Foundersuite.com, and that energy will drive your entire fundraising process.

After opening with a “great trick for asking for introductions via email,” Beckord shares five tips for maintaining and capitalizing on momentum that will maximize investor interest and appeal.

(Ploonge+ is our membership program, which helps startup founders and teams get ahead. You can sign up here.)

Big Tech Inc.

  • Launching Apple’s First Local Newsletter: I didn’t know, but Apple is using human editors to compile a daily newsletter for the Bay Area. The project aggregates local news from the Apple News service, notably. As Ploonge points out, Apple News already has “local news coverage in 11 markets,” which means the new product can spread in no time. A substitute for local newspapers? No, just a way to help them get more readers, it seems.
  • Cruise raises $1.35 billion more, opens robotaxi business more broadly: I suppose Cruise could still be called a startup, but given how much it’s owned by public companies, it’s not really a start-up private company, let’s face it. honest. Either way, with more than a billion to its credit, the driverless taxi company is, according to Ploonge, “opening up its driverless robot taxi service to the public in San Francisco.” Again, I hate driving and I can’t wait for this revolution to really reach its peak.

Ploonge specialists

DC specialists

Image credits: SEAN GLADWELL / Getty Images

Ploonge wants you to recommend growth marketers who have experience in SEO, social, content writing, and more! If you are a growth marketer, pass this search with your customers; We’d love to hear why they loved working with you.

If you’re curious about how this research is shaping our coverage, check out this article on Elise King’s Ploonge+: “3 Experiments for Early-Stage Founders Seeking Product Market Fit.”

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