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Hello and welcome to Daily Crunch for July 9, 2021. We’ve made it to Friday, y’all, be proud. But we can’t relax just yet — there’s quite a lot to get through today. From deceitful auto companies now posing as tech companies to the current venture capital frenzy, we have it all. Let’s go! — Alex
The TechCrunch Top 3
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Startups have never had it so good: That’s our read of the Q2 2021 venture capital market. Records were smashed around the world, a record number of unicorns were born and valuations ticked up. If you are a founder considering raising capital, now is probably a good time to do so.
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Biden takes on megacorps: We jokingly call the public-company section of this newsletter Big Tech because, well, the most famous technology companies are freakin’ massive. And that has a lot of folks worried that some firms have become so large that they should be broken up to engender more competition. Tech companies disagree, naturally….
