INSUBCONTINENT EXCLUSIVE:
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week noteworthy news pertaining to startups and venture
Before I jump into today topic, let catch up a bit
I&ve been on a bit of startup profile kick as of late
Last week, I wrote a little bit about Landline, a bus network backed by Upfront Ventures
Before that, I profiled an e-commerce startup called Part - Parcel.
Remember, you can send me tips, suggestions and feedback to
kate.clark@techcrunch.com or on Twitter @KateClarkTweets
If you don''t subscribe to Startups Weekly yet, you can do that here.
Startup Spotlight
I&ve made a habit of highlighting one startup per
week in this newsletter, so why stop now? This week, I want to talk about Alpha Medical, an early-stage healthtech startup on a &mission to
rebuild women healthcare,& founder and CEO Gloria Lau tells TechCrunch.
The early-stage telemedicine business, which focuses on providing
reproductive and dermatological care online, launched its membership program this week and expanded into three new states: Georgia,
Washington and Virginia.
Alpha Medical co-founders Dr
J (left) and Gloria Lau.
The company, now active in nine states, has raised $11 million to date from DCVC and AV8, among others, including a
recent $10 million Series A
It certainly not as well-financed as some of the top telemedicine businesses, like Hims, Ro and Nurx
But Alpha has had something special from the get-go: medical expertise
The company is led by a techie in Lau but its secret weapon is Dr
Co-founder and chief medical officer Mary Jacobson, or Dr
J, is an obstetrician, gynecologist and minimally invasive surgeon with extensive experience in clinical care, medical education, hospital
operations and research.
There have been and will continue to be many &health tech& companies backed with millions by venture capitalists
But many of these are really just consumer brands with health buzzwords stamped on top
The real winners, I think, will be startups with true medical expertise coupled with tech know-how.
We are female founders — women
building this for women,& says Lau
&We understand the pain point so well.
IP-woes
WeWork eccentric CEO/founder Adam Neumann stepped down this week amid pressure from board
members (SoftBank) to exit the C-suite
Wall Street doesn''t think Neumann is fit to be CEO of a public company and if you don''t know why, read this WSJ piece
For more details, listen to this episode of Equity we recorded earlier this week.
What next for Peloton? International growth? Doubling
down on original content? New hardware? Tell me what to write.
mdash; Kate Clark (@KateClarkTweets) September 26, 2019
Peloton, the fitness
tech company that sells really expensive stationary bikes and treadmills, debuted on the NASDAQ on Thursday
They raised more than a billion dollars in the process, so that good, but their stock is already struggling
For one, it opened at below its initial price of $29 and closed at about $25, or 11% down
That makes us a bit nervous for the company moving forward
Still, they are well-financed and have plenty of money to put to work.
VC deals
Once dubbed ‘America most hated startup,& Bodega has
quietly raised millions
Beyond Pricing raises $42M to tell you what to charge on Airbnb
Mercury banks $20M for its banking service aimed at
startups
With $20M in funding, electronic stethoscope startup Eko wants to research your beating heart
Terminal nabs $17M to source and
build remote teams of engineers
Gatsby raises $15M Series A for modern web development platform
India Darwinbox raises $15M to bring its HR
tech platform to more Asian markets
Using AI to improve dentistry, VideaHealth gets a $5.4M polish
What else?
This was the biggest news week
Fortunately, I only need to tell you about startup news… Still, there was a lot of that too
Here are just a few other things I&ll highlight that might have slipped through the cracks.
DoorDash confirmed amassivedata breach
Here what you need to know: It impacted 4.9 million customers, workers and merchants who were using the platform prior to April 5, 2018
The company is blaming the breach on a ''third-party service provider,& but the third-party was not named…
All the scooters are coming
Here what you need to know: JUMP, Lime, Scoot and Spin were all granted permits to operate their respective services in SF beginning Oct
15 as part of the city longer-term permitting program for electric scooters
If you remember, Lime was previously denied a permit, while Skip was given the green light
This time around, Skip got the boot and Lime was given the go ahead
Oh how times have changed!
Uber launched an incubator
Here what you need to know: Uber wants to make sure some of its best, most entrepreneurial employees are happy and their tech is at its best
To do this, it created an incubator open to employees and those outside the organization to develop products and services on top of Uber
platform.
Time to Disrupt!
TechCrunch Disrupt San Francisco, our flagship event, is right around the corner
Next week, October 2 through 4th, the entire TechCrunch staff will gather from all corners of the world to interview leaders in technology
From Snap CEO Evan Spiegel to Joseph Gordon-Levitt, actor and founder of HitRecord, to a16z crypto expert Chris Dixon, we&ll have something
for everyone.
Newsletter readers can get 20% off tickets by using this link
Hope to see you all there.
Finally, listen to Equity
We recorded not one but two Equity episodes this week because, well, the news just
The first was a guide on the WeMess
You can listen to that one here
In the second episode, we tried to hit on everything else that happened this week, from Peloton listing, to Vox - NYMag merger, to Bodega
quiet funding and Kapwing $11 million Series A
Listen to that one here.
Equity drops every Friday at 6:00 am PT, so subscribe to us onApple Podcasts,Overcast,Spotifyand all the
