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SpaceX launches 60 more satellites during 15th Starlink mission - techcrunch

SpaceX launches 60 more satellites during 15th Starlink mission

SpaceX has launched another batch of 60 Starlink satellites, the primary ingredient for its forthcoming global broadband internet service. The launch took place at 11:31 AM EDT, with a liftoff from Cape Canaveral Air Force Station in Florida. This is the fifteenth Starlink launch thus far, and SpaceX has now launched nearly 900 of the […]
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Yale may have just turned institutional investing on its head with a new diversity edict - techcrunch

Yale may have just turned institutional investing on its head with a new diversity edict

It could be the long-awaited turning point in the world of venture capital and beyond. Yale, whose $32 billion endowment has been led since 1985 by the legendary investor David Swensen, just let its 70 U.S. money managers across a variety of asset classes know that for the school, diversity has now moved front and […]
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Facebook and Twitter CEOs to testify before Congress in November on how they handled the election - techcrunch

Facebook and Twitter CEOs to testify before Congress in November on how they handled the election

Shortly after voting to move forward with a pair of subpoenas, the Senate Judiciary Committee has reached an agreement that will see the CEOs of two major social platforms testify voluntarily in November. The hearing will be the second major congressional appearance by tech CEOs arranged this month. The Republican-led Senate Judiciary committee is chaired […]
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The RIAA is coming for the YouTube downloaders - techcrunch

The RIAA is coming for the YouTube downloaders

In ye olden days of piracy, RIAA takedown notices were a common thing — I received a few myself. But that’s mostly fallen off as tracking pirates has gotten more difficult. But the RIAA can still issue nastygrams — to the creators of software that could potentially be used to violate copyright, like YouTube downloaders. […]
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Daily Crunch: Uber and Lyft defeated again in court - techcrunch

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A California court weighs in as Prop. 22 looms, Google removes popular apps over data collection practices and the Senate subpoenas Jack Dorsey and Mark Zuckerberg. This is your Daily Crunch for October 23, 2020. The big story: Uber and Lyft defeated again in court A California appeals court ruled that yes, a new state […]
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Boston startups expand region’s venture capital footprint - techcrunch

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OnePlus’s 8T handset brings faster charging and a 120Hz display for $749  - techcrunch

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OnePlus continues its twice-yearly smartphone cycle with today’s arrival of the 8T. The latest device isn’t a huge upgrade over April’s OnePlus 8, but continues the company’s longstanding tradition of offering some of the most solid Android handsets at a reasonable price point. The cost has edged up a bit in recent years, but $749 […]
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CA appeals court upholds ruling that Uber and Lyft must classify drivers as employees - techcrunch

CA appeals court upholds ruling that Uber and Lyft must classify drivers as employees

Uber and Lyft must classify their drivers as employees, an appellate court ruled yesterday evening. However, the decision will be stayed for 30 days after the court issues the remittitur, which has not happened yet. That means depending on how ballot measure Proposition 22 goes, this case may not end up being the deciding factor […]
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Calling Brussels VCs: Be featured in The Great TechCrunch Survey of European VC

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Google removes 3 Android apps for children, with 20M+ downloads between them, over data collection violations - techcrunch

Google removes 3 Android apps for children, with 20M+ downloads between them, over data collection violations

When it comes to apps, Android leads the pack with nearly 3 million apps in its official Google Play store. The sheer volume also means that sometimes iffy apps slip through the cracks. Researchers at the International Digital Accountability Council (IDAC), a non-profit watchdog based out of Boston, found that a trio of popular and […]
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We’re excited to announce an update to the Extra Crunch Partner Perk from Zendesk. Starting today, annual and two-year Extra Crunch members that are new to Zendesk, and meet their startup qualifications, can now receive six months of free access to Zendesk’s Sales CRM, in addition to Zendesk Support Suite, Zendesk Explore and Zendesk Sunshine. […]
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techcrunch
How COVID-19 and the resulting recession are impacting female founders

How COVID-19 and the resulting recession are impacting female founders

techcrunch - 1 week ago

Last week The Exchange dug into recent data concerning the amount of venture capital raised by female founders. As a refresher, the numbers were not good.

In Q3 2020, PitchBook data reported that US-based female founders raised $434 million across 136 rounds. That dollar amount was off from $841 million in Q2 2020, for context. The numbers were a dramatic turnaround from where 2019 left the industry.


The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.


The sharp decline in available capital is slowing the pace at which women are founding new companies in the COVID-19 era. There are other factors are at play, new data from the Female Founders Alliance (FFA) indicates, but the funding drought is not helping.

Overall, the pace at which women are indicating that they intend to found a company, according to a group of women that the FFA is tracking longitudinally, is slipping.

FFA, a community of women founders and a startup accelerator working to achieve greater gender diversity in technology, built a sample of 150 women from tech hubs “with high likelihood of having entrepreneurial aspirations,” according to its dataset. It asked them about their entrepreneurial goals both before COVID-19 arrived, and again this September.

The changes in responses from before of the pandemic and today are striking. Let’s examine the data in light of what we learned last week concerning capital available for female founders and see what we can find out.

Depressing declines

In the group of 150 women, before the pandemic and its resulting economic and societal disruptions, 54.7% reported that they were “very likely to one day start a company,” with nearly 32.7% answering that they were somewhat likely to do so. Around 12.7% of the group said that they would “most likely never start a company.”

So, around 87% of the women in the group were looking to found a company at some point.

The Female Founders Alliance interviewed the same cohort in September, deep into the pandemic cycle, and the results changed:

  • 34.4% of respondents said that they were “equally likely to start a company, [albeit] later than I planned”
  • 32.8% were “equally likely to start a company, [and] on the same timeline.”
  • 16.8% reported that they were “less likely to ever start a company when this is over”
  • And 16.0% reported that they had already started a company in the last 6 months that they hadn’t planned

The data is instantly parseable, so let me help a bit. Around 51% of the group will now either delay the founding of their company, or skip the exercise altogether. This implies a narrower pool of female founders generally, and inside of the technology industry as well.

That around a third of respondents were not changing their timeline is heartening. And that around one in six had already founded a company was exciting.

Happily, concerning the 16% of the women who wound up founding a company early, only 5% did so due to job loss. And the majority, some 64% did so because they “found a great idea/opportunity and jumped on it.” (Here’s a recent example! Here’s another! One more! How about a fourth?)

But inside the 51% of women sampled who were less likely to found a company, or were expecting to delay their plans, the reasons given were dispiriting:

  • 47.8% for “financial reasons”
  • 20.3% due to a need for “corporate benefits”
  • 20.3% due to “additional caretaking responsibilities”
  • 5.8% due to “stress, fear and lack of motivation”
  • 4.3% thanks to “all of the above”

Our current economic recovery will allay some of those issues, but not all. An improved economy will likely limit financial concerns, and caretaking responsibilities could decline once schools and daycares fully reopen (or men step up more and shoulder their half of the work). But given the slow pace of recovery what the numbers tell us about today, it’s safe to say that some women who would have founded companies will wind up not doing so.

This drain of potential innovation is to our society’s detriment.

To close, let’s go back to the top. Recall that we began with another look at recent declines in capital available to female founders? Well, among the FFA data that says nearly half of women reported planning on delaying or cancelling their entrepreneurial plans for financial reasons, there’s a nuance worth considering.

Here’s how the Female Founders Alliance described that answer, adding a bit more detail (bolding via TechCrunch): “The most common reason [for responding women to delay or cancel their entrepreneurial plans] was financial security, including the need for a steady paycheck, and the lack of funding for women entrepreneurs.”

Unsurprisingly, lack of access to capital means that less women founded companies. Sure, some of the declines were probably caused by women dropping out of the founder game before they raised, but the same thread pulls both ways: Some women didn’t found a company because they could not access capital.

So, here’s today’s founder and VC market, going backwards in time and becoming less diverse than before. 2020 really has been a year of letdowns.

sauce: techcrunch
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