Extra Crunch roundup: RapidSOS EC-1, how to prep for an M&A exit, inside Genki Forest

In a four-part series, Handling Editor Danny Crichton tells the story of RapidSOS, the business that processes majority of all 911 calls made each year in the U.S. Market watchers often compare the upstart to giants like PepsiCo and Coca-Cola, but founder Binsen Tang comes from a tech background, having funded ELEX Technology, a social video gaming business that discovered success worldwide. The team at memoryOS”spent countless hours investigating down the rabbit hole of crowdfunding ideas and tricks”prior to it effectively became the most-funded app on Kickstarter, the company’s CEO, Alex Ruzh, writes in a guest column. Start-ups establishing so-called deep tech often discover it challenging to raise capital for numerous factors.
Image Credits: Dilok Klaisataporn(opens in a new window Brand-newProcessing payments, credit and authorizations for B2B purchases is all handled electronically, but that’s not a panacea. Cowboy Ventures ‘Ted Wang: CEO training is ‘ about having a second set of eyes’

Twitter ‘acqui-hires’ the group from membership news app, Quick

Twitter ‘acqui-hires’ the group from membership news app, Quick

Twitter’s recent acquisition spree continues today as the company announces it has acqui-hired the team from news aggregator and summary app Brief. The startup from former Google engineers launched last year to offer a subscription-based news summary app that aimed to tackle many of the problems with today’s news cycle, including information overload, burnout, media […] …

What I’ve discovered after 5 years of purchasing typical stock in startups

What I’ve discovered after 5 years of purchasing typical stock in startups

Deeper trust was our goal when we first thought of buying common stock. It wasn’t about winning the incremental deal or in some way “out-marketing” our competitors. There are many terms and conditions in a preferred term sheet that can misalign investors and founders– for brevity, I’ll highlight simply two listed below. If a financier buys 25% of a business for $2 million in favored stock, their break point on this decision will be $8 million, which occurs to be the post-money valuation of the round. If the company is sold for less than $8 million, the financier would rather take their $2 million back. Yes, if the company is offered for $8 million or more, they offered 25%, but if the business is offered for, state $4 million, the investors will choose to take their $2 million back, which is 50% of the proceeds. The company is not carrying out well and the financiers are made whole at the expenditure of the creators….

Monte Carlo’s Barr Moses will join us at TC Sessions: SaaS

Monte Carlo’s Barr Moses will join us at TC Sessions: SaaS

Monte Carlo’s Barr Moses joins the data panel at TC Sessions: SaaS. See you there! As the clock ticks down on TechCrunch’s upcoming SaaS-focused event, we’re excited to announce that Monte Carlo co-founder and CEO Barr Moses will join us. Specifically, the startup exec will be joining our data-focused panel. What does Monte Carlo do? […] …

The RapidSOS EC-1

Numbers can handle extensive cultural significance, but couple of numbers have quite the resonance as 911, the emergency situation number for the United States. Few want to dial it, however when they must, it works. Numbers can take on extensive cultural significance, however couple of numbers have quite the resonance as 911, the emergency situation number for the United States. Like lots of emergencies, the company’s story is one of reverses, misdirections and seriousness as its creators worked to find a design to jump-start 911 response. RapidSOS may well be the only start-up to pivot from a consumer app to a govtech/enterprise hybrid, and it has the most substantial directory of partnerships and integration relationships of any startup I have ever seen. RapidSOS had no say in the material of this analysis and did not get advance access to it. The RapidSOS EC-1 comprises four short articles numbering 12,400 words and a reading time of 50 minutes….

Cigarette smoking pizza ovens and pilfered dollar expenses, or the early story of RapidSOS

Cigarette smoking pizza ovens and pilfered dollar expenses, or the early story of RapidSOS

RapidSOS’ story is one of a mission, a neighborhood, a team and a dream that every emergency situation need to have the very best chance to be dealt with as favorably as possible. Few of us will call 911 more than a handful of times in our lives, and even when we do, we will meet the police officers and paramedics who respond, never ever the 911 call taker who managed the dispatch. Started an almost decade-long journey with RapidSOS that would see Martin and his group first try to construct a consumer-safety app called Haven prior to rotating exclusively to assisting lots of tech business, consisting of Apple and Google and device companies like SiriusXM, connect to a myriad of 911 software application vendors. His mom was the local medical professional, and he and his bro habituated to the openness and apathy of rural farming life.

RapidSOS discovered that the very best item style is often no product design

RapidSOS discovered that the very best item style is often no product design

For the founders of RapidSOS, improving the quality of emergency situation action by adding beneficial information, like area, to 911 calls was a motivating objective, and one that gathered prevalent assistance. For the founders of RapidSOS, enhancing the quality of emergency situation response by including useful information, like location, to 911 calls was an inspiring goal, and one that garnered widespread support. It ended up being clear from the earliest phases of RapidSOS’ journey that getting information into the 911 center would be its first secret difficulty. Karin Marquez, senior director of public safety at RapidSOS, who we fulfilled in the intro, worked for years at a PSAP near Denver, working her way up from call taker to a senior manager. As a 911 call taker, her extremely first requirement for every call was figuring out where an emergency situation is taking location– even before characterizing what is occurring.