Whitney Wolfe Herd doesn’t care what she’s supposed to do

It’s 4:55pm Central Time on a Tuesday at Bumble headquarters in Austin, Texas. Whitney Wolfe Herd, the 28-year-old founder and CEO of the woman-led dating app is showing me around the nearly four-year-old startup’s office before we sit down to talk. Our first stop is the standard startup watering hole, with a few twists. The fridges are stocked with Topo Chico instead of La Croix and the built-in taps are purely for decoration. Maybe one day they’ll be filled with Kombucha or iced coffee, a team member tells me. But no mention of beer. We’re not in Silicon Valley anymore. As Wolfe Herd pours two glasses of white wine and plops in a few ice cubes, she briefly pauses to ask if I’m okay with the drink selection. Her question quickly caused my mind to wander back to my 21st birthday when a waiter told me men aren’t supposed to drink
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Bumble is suing Match Group for $400M for fraudulently obtaining trade secrets

Two weeks ago Match Group (Tinder’s parent company) sued Bumble for patent infringement and misuse of intellectual property. Bumble has now returned the favor by filing a separate lawsuit accusing Match of multiple improprieties in regards to interactions between the two companies over the past few months. To be clear, this lawsuit isn’t a response to Match’s initial lawsuit, and instead is a separate action raising new allegations against Tinder’s parent company. Bumble had previously published a letter in response to Match’s initial lawsuit, but will presumably also file a a file a separate response to that initial lawsuit, unless a judge decides to consolidate the two cases. First, the lawsuit acknowledges that Bumble and Match Group were in acquisition talks over the last 6 months, something TechCrunch has previously reported. Bumble alleges that once Match Group found out there were other companies also interested in either investing in or acquiring Bumble,
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The Morning Brew is a daily business briefing built for millennials

What’s the best way to stay up to date on things happening within your industry? Seasoned finance professionals read the Wall Street Journal. Anyone who wants to work in politics reads The Washington Post. In Silicon Valley we have industry-specific news sites like TechCrunch supplemented by Hacker News and others. But what about young business professionals who either don’t plan in staying in one industry their whole life or just want to stay up to date on the broader business/tech/startups/politics world? The Morning Brew is a daily newsletter designed for young business professionals. Each morning email has a stock market recap, a few short briefs on the most important business news of the day and a small section with lifestyle content. The result is the perfect mix of Wall Street essentials (like market analysis) and tech news (like a deep dive on Y Combinator). The newsletter, which now has just
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Lawyaw uses AI to help lawyers draft documents faster

It’s no secret that much of the legal industry is build on reusable content. Most law firms have their own customized set of standard documents (like NDAs or Wills), but lawyers or associates still have to customize these documents by hand each time a client needs them drafted. Lawyaw, part of YC’s Winter ’18 class, is building software to automate this process by letting lawyers turn previously completed documents into smart templates. Here’s how it works: Lawyers can drag an already customized world document into Lawyaw’s platform and it will automatically use natural language processing to first figure out what sections need to be replaced, then actually fill in those sections with the correct personalized phrases and variables. For example, software will automatically detect and replace a client’s name, contact information, location, and even more complicated things like scope of engagement. If a variable isn’t automatically detected Lawyaw lets users
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CryptoKitties raises $12M from Andreessen Horowitz and Union Square Ventures

CryptoKitties, the virtual collectible kitten game that turned into a viral sensation has raised $12M in funding and will be spun out from Axiom Zen, the Vancouver and San Francisco-based design studio that originally built the game. The round is being led by Andreessen Horowitz and Union Square Ventures, both of which have quickly developed a reputation for backing fast-growing cryptocurrency startups like Coinbase. A bunch of notable angels also participated, including Naval Ravikant (CEO and founder of AngelList), Mark Pincus (founder of Zynga) and Fred Ehrsam (founder of Coinbase) among others. So what are CryptoKitties? They’re essentially digital collectibles built on top of the Ethereum blockchain. Each one is unique and has certain attributes that make them rare and desirable, almost like a digital beanie baby. And users are spending tons of real money on them, with some of the rarest kitties fetching over $100,000 when the game first launched. While the startup is
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Bumble responds to Match’s patent lawsuit

Yesterday we reported that Match, the parent company of Tinder, was suing Bumble for patent infringement and misuse of intellectual property. Specifically, Match alleged that Bumble “copied Tinder’s world-changing, card-swipe-based, mutual opt-in premise” for which a patent was filed in 2013 (before Bumble was founded) but just granted a few months ago. Today Bumble has responded to Match’s lawsuit with a letter published on their own blog and other news outlets. The full letter is linked here and we’ll also include it in full at the bottom of this post. Interestingly, Bumble’s letter focuses less on the actual litigation and instead attempts to fill in readers about the context in which Match has decided to sue over this patent claim. Specifically, the letter notes that this lawsuit comes after Match has made repeated attempts to buy Bumble as well as launch a copy cat “lady’s first” feature. While Bumble or Match
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Drake and Ninja are playing Fortnite live on Twitch

What do Drake, Ninja the professional esports player, Kim Dotcom, Travis Scott and NFL player JuJu Smith-Schuster have in common? They’re all playing Fortnite together right now and live-streaming it on Twitch . Yes, seriously. You can tune in to Ninja’s channel here to check out the action.

Right now the amount of live viewers is hovering around 600,000 which smashes Twitch’s previous record of 388,000 live concurrent viewers. Drake and Ninja started playing together a few hours ago on Ninja’s channel, and were soon joined by the other members as word spread of the livestream. Ninja is playing on a PC while Drake is on a PS4, but the two can play together thanks to Fortnite’s cross-platform support for those two systems. The group had their fair share of technical difficulties – especially when it came

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FanDuel’s new March Madness game lets casual fans pick teams instead of players

 Over the last year or so daily fantasy sports companies like FanDuel and DraftKings have shifted their focus towards building products that are simple enough for even casual sports fans to play. Today FanDuel is announcing their latest product designed for casual sports fans, called Bracket Pick’em. The game is dead simple – users pick five NCAA teams at the start of the March… Read More

Square Cash now supports direct deposits for your paycheck

 It seems like each new feature Square adds to its Cash app brings it one step closer to being a de-facto bank account for its users. Case in point, the app just rolled out support for ACH direct deposits, meaning users can now get their paycheck or other deposits put directly into their Cash app balance. Like other features in the peer-to-peer payments app setting up direct deposits is almost… Read More

Coinbase is launching its own cryptocurrency index fund

 When you’re the runaway leader in a growing industry, you typically have two opinions: A) Stay in your lane and let other companies pop up to solve the industry’s problems, or B) Try to offer as many products as possible and own the entire customer experience from A-Z (no Amazon pun intended). If there’s any doubt which option Coinbase is gunning for, that’s now gone. Read More

Mighty has raised $9M to build a CRM for legal and medical funders

 What’s better than building a company in a fast growing industry? Building a service provider for all the other companies in that fast growing industry. While Mighty started as a plaintiff financing platform it’s shifted to a software company that’s building an “operating system for legal and medical founders”. Essentially the startup has created a CRM-like tool… Read More

Intelligo is using AI to make background checks relevant again

 To realize that the background check industry needs an overhaul look no further than the backlog of 700,000 background checks faced by the federal agency that handles all background checks for sensitive government positions. This backlog has essentially rendered background checks useless, as many agencies are able to give security clearances on a temporary basis before a background check is… Read More

Bump is a peer-to-peer marketplace for streetwear

 As the streetwear and sneaker industry continues to explode in popularity we’re seeing more and more startups popping up to service the industry, all from slightly different angles. Meet Bump, a peer-to-peer take on a streetwear marketplace. Founded six months ago in the U.K and now part of Y Combinator’s Winter ’18 batch, the startup already has over 200,000 users buying… Read More

This is the tech that NFL players are excited about in 2018

 With the NFL season now over, players finally have time to focus on their passions and side projects, which can be anything from an externship on Capital Hill to angel investing in startups. Some of these activities are facilitated through the NFL Player’s Association, which actually runs a tech accelerator designed to trade player licensing rights for equity. The accelerator is called… Read More

Molly wants to use your online presence to create an automated knowledge base

 Isn’t it frustrating when you ask a friend a question – like what’s your favorite restaurant in New York or what trips have you been on this year – knowing that these specific answers are certainly already accessible on social media? The problem is no one wants to spend an hour combing through their friends social media pages (or worse, monitoring them 24/7), so we just… Read More

Visa confirms Coinbase wasn’t at fault for overcharging users

 Yesterday, we wrote that Coinbase customers were being charged multiple times for past transactions. While some speculated that the erroneous withdraws were down to a Coinbase engineering issue, Coinbase issued a statement saying it wasn’t liable for the duplicate charges. The blame, instead, rested with Visa for the way it handled a migration of merchant categories for… Read More

Coinbase blames Visa for glitch that overcharged users

 While Coinbase has had its fair share of technical issues the last few months, it seems the latest one may not be their fault. Earlier today reports started coming in across social media and reddit that Coinbase users were seeing strange charges on their credit and debit cards. Many of these were users being double-charged for a past transaction, although there were also some (unconfirmed)… Read More

LiveLike raises $9.6M to get more broadcasters streaming in VR

 LiveLike, a startup that powers VR streaming experiences for broadcasters like FOX Sports and Sky, has raised a $9.6M Series B round led by Greycroft Partners and Lepe Partners. This brings total funding raised to just over $23M. As a refresher, LiveLike’s VR experience let you select different camera angles, sit in and look around a virtual “suite”, view pre-produced content… Read More

Sourcify is connecting entrepreneurs directly to pre-vetted overseas factories

 If you’ve ever tried to order and source products from overseas you likely know the process is broken. Factories rarely talk directly to customers and middlemen are difficult to track down and there’s usually a significant delay while you wait for them to communicate back and forth with you and the factory. There’s also the trust factor, where you never really know what… Read More