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Epic Games Seeks to Form Coalition of Apple Critics

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Epic Games, the videogame maker that started a daring legal brawl with Apple last week, is hoping to organize wider opposition to the tech giant. It could face an uphill battle in recruiting others to publicly join its cause. 

In recent weeks, Epic—which makes the hit game Fortnite—has reached out to other tech executives about forming a coalition of companies critical of Apple’s business conduct, including its policies governing the distribution of mobile apps on its mobile platform, iOS, according to four people with knowledge of the matter.

Epic has recently had preliminary discussions about the coalition with music streaming company Spotify, another well-known critic of Apple’s business practices, but the music-streaming company hadn’t yet signed on to join it as of last week, one of those people said. The game maker also approached Sonos, the maker of connected stereo equipment, which is considering joining the group, another one of the people said.  

Source: https://www.theinformation.com/articles/epic-games-seeks-to-form-coalition-of-apple-critics

Venture Capital

Next Week’s Earnings Traffic Jam: The Information’s Tech Briefing

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It may be hard to believe, but next week is the last week before the election. Perhaps for that reason, the five big tech firms all decided to release their September quarter profit details next week. That’s fine, except that four of them—Amazon, Alphabet, Apple and Facebook—decided to do it on the same day, Thursday, at about the same time.

Twitter is also reporting that day. So expect a traffic jam of earnings reports on Thursday. But don’t worry, we’ve got your covered: Read down for details on what’s expected for each.

Next week will have other big tech news: On Wednesday, Twitter’s Jack Dorsey, Facebook’s Mark Zuckerberg and Alphabet’s Sundar Pichai will appear before a Senate committee examining “whether Section 230 of the Communications Decency Act has outlived its usefulness.” Expect some fireworks from that hearing!

Source: https://www.theinformation.com/articles/next-weeks-earnings-traffic-jam-the-informations-tech-briefing

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Private Equity

Boston startups expand region’s venture capital footprint

This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth […]

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This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth mode, and investors back into the check-writing arena.

Boston has been an exemplar of the trend, with early pandemic caution dissolving into rapid-fire dealmaking as summer rolled into fall.

We collated new data that underscores the trend, showing that Boston’s third quarter looks very solid compared to its peer groups, and leads greater New England’s share of American venture capital higher during the three-month period.

For our October look at Boston and its startup scene, let’s get into the data and then understand how a new cohort of founders is cropping up among the city’s educational network.

A strong Q3, a strong 2020

Boston’s third quarter was strong, effectively matching the capital raised in New York City during the three-month period. As we head into the fourth quarter, it appears that the silver medal in American startup ecosystems is up for grabs based on what happens in Q4.

Boston could start 2021 as the number-two place to raise venture capital in the country. Or New York City could pip it at the finish line. Let’s check the numbers.

According to PitchBook data shared with TechCrunch, the metro Boston area raised $4.34 billion in venture capital during the third quarter. New York City and its metro area managed $4.45 billion during the same time period, an effective tie. Los Angeles and its own metro area managed just $3.90 billion.

In 2020 the numbers tilt in Boston’s favor, with the city and surrounding area collecting $12.83 billion in venture capital. New York City came in second through Q3, with $12.30 billion in venture capital. Los Angeles was a distant third at $8.66 billion for the year through Q3.

Source: https://techcrunch.com/2020/10/23/boston-startups-expand-regions-venture-capital-footprint/

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The Information’s 411 — Quibi, We Hardly Knew Ye

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Female Exec Exodus at Netflix Continues

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Source: https://www.theinformation.com/articles/the-informations-411-quibi-we-hardly-knew-ye

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