Porsche announces plans to build a global network of electric vehicle charging stations – TechCrunch

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Hello and welcome to the Daily Crunch on Friday, March 18, 2022! Another week is behind us, which means it’s time for us to sit back and read the final piece of tech and startup news. For those of you who are building, we just announced that Sequoia’s Jess Lee is coming to Phase One to chat about your first investor outreach and we’ll have A bunch of VCs at our mobile themed event will rockand, since we’re talking about moving, roll. – Alex

TechCrunch’s Top 3

• Yandex seeks to divest media content: After Russia invaded Ukraine, the isolation of the Russian economy is affecting companies large and small. Yandex, known as the country’s internet company, has its own problems. After TechCrunch reported that Yandex was looking to divest certain assets, it seems that Yandex News was among the public.
• Russia threatens YouTube: While much of our attention has been focused on technology companies’ response to Russia’s attack on Ukraine, we are also seeing movement in the other direction. In this case, the Russian government has tied up with YouTube about some of the ads being run on their service. Russia says that YouTube is acting like a terrorist, which is a bit rich.
• How to get a rich startup valuation: While it is clear that The overall marketplace for startup funding is changing, there are companies on the market that are still hitting the nine-figure mark with near-fake prices as of 2021. Webflow is one such company. But there are some implications for its valuation, as we explain.

Start-ups and VC

Why it’s not startups and VCs that are hitting the menopause market? It’s our own Connie Loizos want to know. She rightly points out that with more and more work being done on fertility, there is a large market gap left for people leaving their childbearing years. And as the world ages, the market is only getting bigger.

• From advice to e-commerce: With $12 million in new capital, The Expert is expanding its product offering from one-on-one consultations with interior designers to selling furniture. Given that the platform’s guidelines also showcase content, why not sell it? This is not an axis, but an extension, I suppose.
• Used cars are big business: If you’ve been paying attention to inflation data, you know well that used cars are very expensive these days. That means they’re more valuable than ever, and selling them can be pretty good business. On the other hand, it’s no surprise that we’re seeing consolidation in the technology market for used car sales. In today’s case, Shift is buying “some technology from a competitor of Fair Technologies,” which would allow the company to list a lot of third-party cars on its own marketplace.
• Thus, an increase of $1.8 million: Based in both Rwanda and the UK, Hence Technologies has a neat aim. It wants to use AI – intelligent computers, maybe? – to help clients fit into what we describe as an “outside legal service provider”. Obviously, the law is no small market, and finding legal help is more than likely in the park. The company has now raised a total of $2.6 million.
• Connecting freelance designers in Africa: That’s what Gigs is at work, essentially hoping to take today’s global gig economy and make it a little more relevant by focus and geography. The company just closed $6 million and wants to scale up its offering in its market. There are other companies doing similar work which TechCrunch mentioned, does the job of rendering and narrowing its lens a bit. Perhaps our new remote reality will prove an impetus to the world around for contract labor?
• Another one-click payment solution: That aside, people shop online. And it’s mostly bad. And many companies are building to make the buying process better. By making it faster. Like making one click. Cool? Cool. The sleek look is the latest to catch the eye and TechCrunch has reviewed. There’s nothing sinful about building in a crowded market place, but at some point let’s hope this gets resolved so we can talk about something else.

When should an early-stage startup hire a full-time attorney?

Image credits: malerapso (Opens in a new window) /Getty Images (Image has been modified)

Every company eventually needs legal advice, but when a few hours spent with an attorney costs as much as a shiny new laptop, most startups delay dealing with a lawyer until until absolutely necessary.

Kristen Corpio, founder of CORPlaw, says it’s best to consider hiring an in-house advisor when “it hurts a little bit – when you start to feel thin – rather than too early in your business’s lifecycle.” .

“Unlike some other roles that may need to be filled, you can find highly qualified outside attorneys to bridge the gap when you become in need of full-time support,” she writes.

(TechCrunch+ is our membership program that helps founders and startup teams rise to the top. You can register here.)

Big Tech Inc.

• Porsche produces electric car 718: Without getting too bogged down in details, Porsche makes several models. Some engines are rear-mounted, like the 911, and some are mid-engined, like the Porsche 982 (Boxster series, Cayman). The German car company will make its mid-engined car electric by 2025. This is good, because if you put all the batteries in the starter, it would probably only go up slightly.
• And talk about Porsche: The company will build its own network of charging points. That’s good and all, but I wanted something of a consortium from multiple automakers to get more points there – and fast.

And because I have a plane to catch: Australia is upset with Meta As for the deceptive ads, it says the social company hasn’t done enough to deal with it, and satellite networks are not hacked.