#USA Help us find the best startup lawyers

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We’re looking for the best lawyers who are working with startups today, and we’d like your recommendations.

Right now, it’s hard to find the sort of attorney who can help you see around corners as a young company, negotiate tricky situations and connect you to other legal experts when you need to go deep on a topic.

Help us by filling out this two-minute survey.

If you’re like me, you’ve spent hours researching online, working your network for word-of-mouth recommendations and going through a trial-and-error process. TechCrunch is trying to save you time and money here by publishing a list of lawyers with whom other founders have had great experiences.

Since we began the project last month, we’ve already heard from nearly 600 founders and early startup leaders about lawyers they recommend, across booming local startup scenes and top Silicon Valley companies. We’ve also gotten great feedback about lawyers who people work with through the new generation of online legal services, like Atrium and UpCounsel, so please tell us about your experiences if you’ve gone that route.

So far, it feels like we’re solving a real problem. But we know there are many more stories to hear — and lawyers who should be on the list — so we want your recommendations, too.

If you’re a lawyer reading this, please note that we strongly encourage you to share this survey with your clients. We’ve found that when they’ve had good experiences, they are more than happy to give you a strong recommendation.

Any questions? Email me at eldon@techcrunch.com. This project is part of a new thing TechCrunch is working on, which we’ll have more to share about soon.

from Startups – TechCrunch https://tcrn.ch/2H9FlZ8

#USA GBatteries let you charge your car as quickly as visiting the pump

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A YC startup called GBatteries has come out of stealth with a bold claim: they can recharge an electric car as quickly as it takes to full up a tank of gas.

Created by aerospace engineer Kostya Khomutov, electrical engineers Alex Tkachenko and Nick Sherstyuk, and CCO Tim Sherstyuk, the company is funded by the likes of Airbus Ventures, Initialized Capital, Plug and Play, and SV Angel.

The system uses AI to optimize the charging systems in electric cars.

“Most companies are focused on developing new chemistries or materials (ex. Enevate, Storedot) to improve charging speed of batteries. Developing new materials is difficult, and scaling up production to the needs of automotive companies requires billions of $,” said Khomutov. “Our technology is a combination of software algorithms (AI) and electronics, that works with off-the-shelf Li-ion batteries that have already been validated, tested, and produced by battery manufacturers. Nothing else needs to change.”

The team makes some bold claims. The product allows users to charge a 60kWh EV battery pack with 119 miles of range in 15 minutes as compared to 15 miles in 15 minutes today. “The technology works with off-the-shelf lithium ion batteries and existing fast charge infrastructure by integrating via a patented self-contained adapter on a car charge port,” writes the team. They demonstrated their product at CES this year.

Most charging systems depend on fairly primitive systems for topping up batteries. Various factors – including temperature – can slow down or stop a charge. GBatteries manages this by setting a very specific charging model that “slows down” and “speeds up” the charge as necessary. This allows the charge to go much faster under the right conditions.

The company bloomed out of frustration.

“We’ve always tinkered with stuff together since before I was even a teenager, and over time had created a burgeoning hardware lab in our basement,” said Sherstyuk. “While I was studying Chemistry at Carleton University in Ottawa, we’d often debate and discuss why batteries in our phones got so bad so rapidly – you’d buy a phone, and a year later it would almost be unusable because the battery degraded so badly.”

“This sparked us to see if we can solve the problem by somehow extending the cycle life of batteries and achieve better performance, so that we’d have something that lasts. We spent a few weeks in our basement lab wiring together a simple control system along with an algorithm to charge a few battery cells, and after 6 months of testing and iterations we started seeing a noticeable difference between batteries charged conventionally, and ones using our algorithm. A year and a half later of constant iterations and development, we applied and were accepted in 2014 into YC.”

While it’s not clear when this technology will hit commercial vehicles, it could be the breakthrough we all need to start replacing our gas cars with something a little more environmentally-friendly.

from Startups – TechCrunch https://tcrn.ch/2ssKBgg

#USA Opendoor competitor Knock raises $400M

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Home trade-in platform Knock has brought in a $400 million investment to accelerate a national expansion and double its 100-person headcount.

Foundry Group has led the Series B funding round in New York-based Knock, with participation from Company Ventures and existing investors RRE Ventures, Corazon Capital, WTI and FJ Labs . Knock co-founder and chief executive officer Sean Black declined to disclose the startup’s valuation.

Founded in 2015, Knock helps its customers find a new home, then buys it for them outright in cash. That way home-buyers — who are often in the process of selling an old home and purchasing a new home at the same time — are able to move into their new home before listing their old one. Knock doesn’t purchase your old home but it does help with repairs in hopes of getting its customers the most value out of the sale. Ultimately, Knock receives a 3 percent commission from both the buyer and the seller of the original home.

“We are trying to make it as easy to trade in your house as it is to trade in your car,” Black told TechCrunch.

Knock is led by founding team members of Trulia, a platform for real estate listings, including Black and co-founder and chief operating officer Jamie Glenn. The pair wanted to build an end-to-end market place where people could trade in their homes at a reduced cost, with less stress and uncertainty.

“Good luck finding anyone who’s bought or sold a home and said they had a great experience doing it,” Black said. “It’s something people just hate and dread. We can make it better and faster and transparent and stress-free.”

The investment in Knock comes amid consistent year-over-year growth in venture capital deals for real estate technology companies. According to PitchBook, deal count in the sector has been increasing since 2010, with 351 deals closing in 2018 — a record for the space. Capital invested looks to be leveling out, with $5 billion funneled into global real estate tech startups in 2017 and $4.65 billion invested last year.

“We are at that part of the evolution cycle of the internet; the low-hanging fruit has been taken,” Black explained. “[Real estate] is so inefficient. Mostly consumers have no idea what is going on. They have no sense of control or empowerment. I just think it’s ripe for disruption.”

SoftBank is responsible for the largest deals in the space as an investor in Knock’s biggest competitors. The Vision Fund has deployed capital to both Compass and Opendoor in rounds that valued the companies at $4.4 billion and north of $2 billion, respectively. Katerra, a construction tech startup also backed by the Vision Fund, is said to be raising an additional $700 million from the prolific Japanese investor at a more than $4 billion valuation, per a recent report from The Information.

Knock previously raised a $32 million Series A in January 2017 in a round led by RRE Ventures, and is currently active in Atlanta, Charlotte, Raleigh-Durham, Dallas and Fort Worth.

from Startups – TechCrunch https://tcrn.ch/2QNCTad

#USA Campaign Monitor acquires email enterprise services Sailthru and Liveclicker

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CM Group, the organization behind email-centric services like Campaign Monitor and Emma, today announced that it has acquired marketing automation firm Sailthru and the email personalization service Liveclicker. The group did not disclose the acquisition price but noted that the acquisition would bring in about $60 million in additional revenue and 540 new customers, including Bloomberg and Samsung. Both of these acquisitions quietly closed in 2018.

Compared to Sailthru, which had raised a total of about $250 million in venture funding before the acquisition, Liveclicker is a relatively small company that was bootstrapped and never raised any outside funding. Still, Liveclicker managed to attract customers like AT&T, Quicken Loans and TJX Companies by offering them the ability to personalize their email messages and tailor them to their customers.

Sailthru’s product portfolio is also quite a bit broader and includes similar email marketing tools, but also services to personalize mobile and web experiences, as well as tools to predict churn and make other retail-focused predictions.

“Sailthru and Liveclicker are extraordinary technologies capable of solving important marketing problems, and we will be making additional investments in the businesses to further accelerate their growth,” writes Wellford Dillard, CEO of CM Group. “Bringing these brands together makes it possible for us to provide marketers with the ideal solution for their needs as they navigate the complex and rapidly changing environments in which they operate.”

With this acquisition, the CM Group now has 500 employees and 300,000 customers.

from Startups – TechCrunch https://tcrn.ch/2VVhbFh

#USA Ahead of IPO, Airbnb achieves profitability for second year in a row

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Airbnb, which is expected to go public this year, announced today a number of milestones. For starters, Airbnb says it was profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis for the second year in a row in 2018.

In Q3 2018, Airbnb said it had its strongest quarter ever, where it saw “substantially more” than $1 billion in revenue. The following quarter, Airbnb found a replacement for former CFO Laurence Tosi, who left amid tension between him and Airbnb CEO Brian Chesky. To lead the home-sharing giant into its next phase, Airbnb brought on Dave Stephenson, a long-time Amazon executive.

“He will use his experience in growing large businesses quickly at scale to ensure we are investing for both growth and long-term profitability,” Airbnb wrote in a press memo today.

Airbnb also announced it expects to hit 500 million arrivals by the end of Q1 2019.

from Startups – TechCrunch https://tcrn.ch/2Hgcna0

#USA Contabilizei raises $20 million to ease Brazilians’ tax pain

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Online tax filing and accounting service Contabilizei has raised $20 million in a new round of financing led by Point72 Ventures, the early-stage investment arm associated with hedge fund guru Steven Cohen’s Point72 Asset Management.

Smart money in both the venture and private equity space has been increasing in Brazil for a bit, and the new investment provides even more firepower to the thesis that Brazil’s startup ecosystem is on the move.

“For the Brazilian ecosystem, the investment represents the trust and the opportunity that we have here in the Brazilian market. For quite some time it was difficult to attract this kind of investment from abroad,” says Contabilizei chief executive Vitor Torres. Even though we had a recession there are technology companies that are growing,” Torres says, noting that the company has already staved off acquisition offers and will eventually eye a potential public offering in U.S. or domestic markets.

Though it was only founded five years ago, the company already has 200 employees and more than 10,000 customers throughout Brazil.

Contabilizei has already audited more than 2 billion reals in customer revenue and saved its users over 500 million reals in taxes. For new companies, Contabilizei will also offer free business registration and formation filings. So far, the company has helped 5,000 new businesses get their paperwork done around the country.

“In Brazil, one of the greatest frictions for a small company is meeting its tax reporting requirements,” said Pete Casella, head of Fintech & Financial Services Investments at Point72 Ventures. “By building an automated tax accounting service that can deliver services at a fraction of the cost of a traditional accountant, we believe that Contabilizei has established the high trust relationships that will enable it to serve customers in many new ways over the coming years.”

New investors also contributed to the round, including the International Financial Corp., an investment arm of the The World Bank, and Quona Capital, Quadrant and the Fintech Collective. They joined existing company backers Kaszek Ventures, e.Bricks, Endeavor Catalyst and Curitiba Angels.

“Our goal is to simplify the entrepreneur’s routine so they can focus on their own business and not on bureaucracy. We are only at the beginning, and in three years we want to grow 15 times more,” said Vitor Torres, chief executive and founder of Contabilizei, in a statement. “We were pioneers in the debureaucratization of accounting in the country and we managed to do it with a quality that surpasses 98 percent of our customers’ satisfaction.”

from Startups – TechCrunch https://tcrn.ch/2CqJMJl

#USA Maverick Ventures announces $382M evergreen fund

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In an era when validation-seeking venture capitalists are lauded as much as high-flying founders, Maverick Ventures’ small team of investors have opted to stay quiet.

Now, the years-old firm is ready to publicize its successes and shed some light on its global strategy. Today, Maverick is disclosing for the first time the size of its evergreen venture fund: a $382 million early-stage vehicle.

Launched in 2015 as the venture arm of 25-year-old hedge fund Maverick Capital, San Francisco-based Maverick has funneled cash into direct-to-consumer wellness brand Hims, new-age insurer Devoted Health and primary care services provider One Medical. Led by David Singer (pictured above, center), the former chief executive officer of genetics company Affymetrix and drug developer Genesoft Pharmaceuticals, Maverick has oft supported healthtech startups.

We are thematic, but this business is all about opportunism,” Singer told TechCrunch. “The whole challenge of venture is to figure out what’s next and that, by nature, doesn’t fit into one bucket.”

With that in mind, Maverick has deviated from healthcare, a decision that led it to some of its biggest successes. The firm became the first institutional investor in Coupang, Korea’s largest e-commerce business, which recently brought in $2 billion from SoftBank’s Vision Fund at a reported $9 billion valuation and is poised for a multi-billion exit. It also supported the Tencent-acquired video streaming platform Youku and the now-public Korean texting service Kakao.

Grocery delivery service FreshDirect, facial recognition startup D-ID and cloud-based software firm Aptible are also among its non-healthtech portfolio companies.

In total, Maverick has helped build 13 unicorns across a portfolio of 100 companies. The firm, Singer explained, almost always provides its companies follow-on capital, beyond the seed, Series A or Series B investment they initially provide. Why? Because they believe in their companies, as any good VC should, but also because Singer admittedly has a hard time saying no to Maverick’s startups.

“I’ve lost money from being too emotionally invested,” he said. “We are old-school. We feel this is a business to help build strong companies. It’s not a quick flip. For better or for worse, that’s what we like doing.”

In addition to Singer, Maverick’s investment team includes former Bessemer Venture Partners vice president Ambar Bhattacharyya and Oscar’s former director of finance Prateesh Maheshwari.

from Startups – TechCrunch https://tcrn.ch/2RSGY1q

#USA For $5,800 per year, Chief helps women reach the C-suite

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For decades, women in business have lacked the resources necessary to navigate to or sustain executive roles. Finally, venture-funded projects have emerged to fill this gap.

The latest is Chief, a private network for New York-based women in senior roles in tech, retail, enterprise, finance, media and more. The company launches today with $3 million in venture capital funding to provide its 200 members access to a Tribeca clubhouse, monthly executive coaching and leadership development sessions and a salon series, which includes “intimate dinners with captains of industry” and celebrity fireside conversations.

The catch? Chief membership costs $5,800 per year for members with a vice president-level job title and even more for those in the C-suite at $7,800. Its founders, Carolyn Childers and Lindsay Kaplan, say the ideal is for companies to pay the way for members, similar to how a startup might pay to send one of its employees to a conference.

Chief and its investors, Primary Venture Capital, Flybridge Capital Partners, Accel, Box Group, Able Partners, XFactor Ventures, Silas Capital and BBG Ventures, are betting the company’s coaching sessions, clubhouse, mobile application and network of successful women will keep its members coming back every year — $5,800 check in hand.

“Companies are looking for something like this,” Kaplan, the former VP of communications at Casper, told TechCrunch. “They have these amazing women, they know there is a problem with equality up top and this isn’t something they can provide within their own four walls.”

Though Chief’s initial 200-person cohort does not include any men, the group is open to all genders. Given the controversy surrounding The Wing’s former membership policy, which barred men from entry, Chief’s decision to accept anyone ready “to fight the 200-year gap in gender equality,” in the words of Kaplan, will probably save them a headache down the line.

“We are a very mission-based company,” Childers, the former VP of operations at household services marketplace Handy, told TechCrunch. “If a man is inspired to help women get to the C-suite, they can apply and become a part of Chief.”

Though Chief wasn’t able to provide specific data on membership diversity, Childers and Kaplan did say its “top of mind” and when I first spoke with the pair this fall, months before launch, they said they planned to offer grants to members who are unable to pay the annual fee.

“We don’t want to see a 1 percent increase in female management in 10 years,” Childers said. “We want to close that gap as quickly as possible.”

The startup seems to have the best of intentions, though what Chief appears to be is an expensive networking opportunity for New York’s existing elite. With that said, if Chief only helps the existing 1 percent of women in business maintain executive roles, at least its helping move the needle ever so slightly.

from Startups – TechCrunch https://tcrn.ch/2SVjWVb

#USA Pia d’Iribarne joins Stride.VC as third partner

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It turns out Stride.VC isn’t going to focus exclusively on the U.K. after all. Pia d’Iribarne is leaving Accel to join Stride.VC as a partner.

Stride.VC was originally co-founded by former Accel partner Fred Destin along with Harry Stebbings, producer of “The Twenty Minute VC” podcast. Back in October, when TechCrunch’s Steve O’Hear covered the official closing of the £50 million fund, the pair said that they would focus on the U.K. at first. Arj Soysa also joined the firm as operating partner around the same time.

“Currently, the firm is 100 percent focused on the U.K., but Destin and Stebbings say they will relax that rule once Stride.VC’s operations are well honed,” my colleague wrote.

And it’s happening a bit sooner than expected — d’Iribarne is going to spend most of her time in Paris and travel back and forth between Paris and London. The firm’s new partner d’Iribarne worked at Accel for three and a half years, including a couple of years with Destin. Before that, she worked at Felix Capital and McKinsey.

At Accel, she sourced many interesting deals for the VC firm, particularly on the French market — Doctolib, Shift Technology, Selency, PayFit, Framer and Zenaton. She has been a board observer at PayFit, Selency and Shift Technology.

But Accel is also a well-oiled machine. While d’Iribarne loved working there, she couldn’t miss today’s opportunity. For instance, she spotted PayFit way before Accel invested in the Series B round — it is now one of the most promising software-as-a-service startups in Paris. Being able to invest at the seed level with more flexibility is exactly what she was looking for.

“I learned so much there but I had the urge to invest at an earlier stage and do something more entrepreneurial,” d’Iribarne wrote in an email. “I am very grateful for the incredible exposure I got at Accel and am proud I was able to contribute some meaningful opportunities to the firm, but it was time for me to branch out and go earlier stage.”

Stride.VC is focusing on seed rounds that are slightly larger than your typical seed round. With such a small team, the firm doesn’t want to spread itself too thin across dozens of investments. It isn’t going to invest all over Europe — the U.K. and France remain the focus for now. So far, Stride.VC has officially announced two investments — Forward Health and Cazoo.

Prior to the closing of Stride.VC’s initial fund, Bloomberg reported in July 2017 that Destin was facing an accusation of inappropriate behavior with a female founder at an event in 2013. Destin later issued a statement and apologized. Stride.VC told us it was not specifically looking to hire a woman for this role.

“[Gender balance] is an important topic for our industry and I’m delighted that more and more of us are in a position to make investment decisions; having said that I will hopefully be known for being a great VC, not just a great woman VC!” d’Iribarne said.

Natasha Lomas contributed reporting to this article.

from Startups – TechCrunch https://tcrn.ch/2CkuOER

#USA Workforce management solution Quinyx raises further $25M

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Quinyx, the cloud-based workforce management solution, has raised a further $25 million in funding. The investment was led by the startup’s existing investors Alfvén & Didrikson, Battery Ventures, and Zobito.

Founded in 2005 by Erik Fjellborg, Quinyx’s CEO, after he spent the summer working at McDonald’s, the company’s workforce management software helps businesses of all sizes manage employee scheduling, communication, task-management and payroll integration.

Quinyx’s core focus is shift-based or ‘flexible’ workers, including but not limited to those operating in the fast-food industry. Clients include McDonald’s, London City Airport, Burger King, Rituals, Swarovski, IHG, and Boots. I’m told that more recent wins include Daniel Wellington, and Odeon Cinemas Group.

The software’s feature-set includes scheduling, shift planning and swapping, timesheet functionality via workers checking in using Quinyx’s mobile apps, and budget forecasting.

To give you a better idea of the company’s scale: it currently has close to 500,000 employees on its platform. Its core customer base is in Europe, and Quinyx has offices in U.K., Sweden, Finland, Germany, Norway, Denmark and the Netherlands.

Meanwhile, the global workforce management market is estimated to be worth $2.4 billion overall.

To that end, Quinyx says the new funding will be used to further accelerate Quinyx’s roll-out of “innovative features and new AI technologies” that will automate and streamline workforce management processes. This will include developing and embedding new technologies into the platforms “to unlock the full potential of the flexible workforce,” says Fjellborg.

Adds Michael Brown, general partner of Battery Ventures: “Having joined the board at Quinyx when we invested in the company last year, I’ve seen first-hand the ambition and drive Erik and his team have shown in going after this large market. Quinyx has made significant progress in the last year by continuing to focus on the strength of its technology. This new investment will help take Quinyx’s business to the next level”.

from Startups – TechCrunch https://tcrn.ch/2ClFymA