Daily Crunch: Lucid Air puts Tesla in the rearview mirror by achieving 520-mile EPA range

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Hello and welcome to Daily Crunch for September 16, 2021. We’re still counting down to Disrupt, so make sure you have a ticket, and get ready to drop your pitch deck in the hat. Goods go to space! — Alex

The TechCrunch Top 3

  • Tigers love robots: Of course we are used to Tiger handing out checks to all surviving software companies, but did you know that the capital fund is also in physical goods? Our very own Brian Heater has the news.

  • What could stop the startup boom? Today on the site, TechCrunch went through its coverage of the venture capital cycle in the second quarter and wondered what could stop the momentum we’ve seen in recent quarters. The short answer? Not too much. The intoxicating startup market is more stable than you might think, but only partly on its own merit.

  • The US government takes breaches seriously: The US Federal Trade Commission (FTC) makes sure companies know that if their apps “collect personal health information” [they] must inform consumers if their data is being breached or shared with third parties without their consent.” What is good. But how was that not? all the time the rule?

Startups/VC

Apple held an event this week, so the tech market is still reverberating for the reasons why it’s the iPhone 13 and not the iPhone 12S. Regardless of your opinion there, Apple’s long shadow is making itself known in other places. Like the market to help people find their gadgets. The Cupertino-based giant caused a stir last month by introducing AirTags, in competition with Tile, a startup. We will, Tile is now back with $40 million in new capital. To war!

  • Fiberplane raises capital to build Google Docs for SREs: Building software tailored to a particular market is hot these days. The strategy is akin to building an anti-Word, if you will. In the case of Fiberplane — the company just raised $8.8 million — it’s building a Google Docs-like product for site reliability engineers, or SREs. Is that niche too small? Probably not?

  • CodeSignal raises (again): Ah, credentials. CodeSignal wants to make requesting gigs for developers a little more based on skill and a little less based on where they went to school. Investors are lining up to fund his vision, depositing another $50 million into the company’s coffers less than a year after it raised $25 million.

  • Self Financial proves that building credit can still pay for itself: Altos Ventures led a $50 million Series E for the company, which aims to “help consumers build credit and savings at the same time.” It’s a good idea, considering how broken the US credit system still is today.

  • Byju’s buys Tynker coding platform: The $200 million transaction will help Byju’s expand further in the United States. The Indian company’s optimistic stance in its own sector may be balm for founders and investors concerned about edtech in the wake of China’s decision to bring its domestic startup class that has been chasing the market to its knees.

  • Open mineral: What a great starting name. And rightly so, as the company aims to bring transparency to global commodities markets. That’s good, because more transparency means better price discovery and a more efficient market. Open Mineral just closed $33 million in a Series C.

3 strategies to make adopting new HR technology easier for hiring managers

Most of us would rather trust our instincts than have automated tools help us make decisions, especially when it comes to hiring. But that’s not smart.

If your startup has an ad-hoc hiring process, you’re not tracking candidates well, there’s little consistency in how they’re treated, and bias plays a big role in who gets hired.

It’s okay to be skeptical about automated recruiting tools, but don’t be ignorant.

(Extra Crunch is our membership program that helps founders and startup teams move forward. You can sign up here.)

Big Tech Inc.

  • Twitter Super Follows may not be super lucrative: Data coming from the Twitter Super Follows product indicates that early performance is mediocre. So much so that it could go the way of Fleets. do you follow super? If so, let us know.

  • Ford spends on electric truck production: Worried that EVs might be all the rage? Stop worrying. Traditional American car company Ford is doubling its electric F-150 production, TechCrunch reports. And when Ford does well with EVs, they are truly mainstream.

  • Lucid Air takes the EV title with the longest range, surpassing Tesla: Lucid Motors dodges the Elon fanboys for a while and pushes the state of EV art a bit forward with a car with a range of 520 miles. That’s quite a climb. Overall, the range bump that Lucid — recalling the company’s IPO later this year — plans to offer could spark an arms race over EV range. Yes please.

TechCrunch Experts: Growth Marketing

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TechCrunch wants you to recommend growth marketers who have expertise in SEO, social media, content writing and more! If you are a growth marketer, pass this on survey to your customers; we’d love to hear why they loved working with you so much.

If you’re curious about how these surveys shape our coverage, check out this guest column from Bryan Dsouza on Extra Crunch, “5 things you need to win your first customer.”