Daily Crunch: Spotify adds support for paid podcasts
Spotify launches paid podcast support, Amazon announces new tablets and we unveil the agenda for TC Sessions: Mobility. This is your Daily Crunch for April 27, 2021.
The big story: Spotify adds support for paid podcasts
As first announced in February, Spotify is now allowing podcasters to offer subscriber-only content, published through its Anchor podcasting software. Creators choose from three subscription tiers — $2.99, $4.99 or $7.99 per month.
This comes one week after Apple announced support for paid podcast subscriptions. But where Apple said it would take 30% of first-year subscriptions and 15% after that, Spotify says it will pass 100% of revenue on to podcasters for the first two years, only charging a 5% fee starting in 2023.
The tech giants
Amazon announces new Fire tablets and kids editions — The Fire HD 10 is thinner and lighter than its predecessor, with pricing starting at $150.
Tesla wants to make every home a distributed power plant — CEO Elon Musk said he wants to turn every home into a distributed power plant that would generate, store and even deliver energy back into the electricity grid, all using the company’s products.
Red Hat CEO looks to maintain double-digit growth in second year at helm — Red Hat CEO Paul Cormier runs the centerpiece of IBM’s transformation hopes.
Startups, funding and venture capital
Kids-focused fintech Greenlight raises $260M in a16z-led Series D, nearly doubles valuation to $2.3B — Since it launched its debit cards for kids in 2017, the company has set up accounts for more than 3 million parents and children.
Kry closes $312M Series D after use of its telehealth tools grows 100% yoy — During the pandemic, Kry quickly stepped in to offer a free service for doctors to conduct web-based consultations.
Banana Capital’s debut fund is for internet-first founders — You might know him for his viral tweets, but Turner Novak wasn’t always a master meme-maker.
Advice and analysis from Extra Crunch
Internal rates of return in emerging US tech hubs are starting to overtake Silicon Valley — AngelList analyzed IRR for almost 2,500 deals dating back to 2013.
Fifth Wall’s Brendan Wallace and Hippo’s Assaf Wand discuss proptech’s biggest opportunities — The pair joined us to discuss questions like: How should proptech founders think about competition, strategic investment versus top-tier VC firms and how to build their board?
SaaS subscriptions may be short-serving your customers — Adam Riggs argues that software as a service may have become a bit too interchangeable with subscription models.
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Announcing the Agenda for TC Sessions: Mobility 2021 — Our guests will include Scale AI founder Alexandr Wang, Zoox co-founder and CTO Jesse Levinson, Amy Jones Satrom of Nuro and famed investor Reid Hoffman.
Taking stock of the VC industry’s progress on diversity, equity and inclusion — A look at the VC Human Capital Survey from the National Venture Capital Association, Venture Forward and Deloitte.
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