When the core mission of a startup is overturned


Welcome to the new Startup Weekly, a human-first edition of this week’s startup news and trends. To receive in your inbox Subscribe here.

hey jane, a digital health startup that expands access to abortion pills makes sense. A direct-to-consumer pharmacy that aims to meet consumers where they are. This is especially important as the long-term stay of the epidemic continues.

Hey Jane’s core product has significant bureaucracy to deal with. The main product, abortion pills, is banned or restricted in several states. add the fact that roe vs wade The future of the world could clash with the mission of startups to scale healthcare. Hey Jane highlights the potential and possibilities of telemedicine startups. But it also works at the heart of an overly political problem.

Earlier this month, I wrote about how digital health startups are preparing for the post-Ro world. Then, Kiki Freedman, co-founder of Hey Jane, said, “Abortion by mail will now be the most viable form of abortion in most parts of the country.” She predicts that the obstacle will be a lack of consumer education about drug-induced abortion. Most abortions performed in the United States are through drugs, she said, except that a few people have been educated on the nuances of medical abortion. “It is essential to continue educating people about this safe, effective and common abortion option,” she said in her statement.

But for now, I want to follow up on these next day reactions. Next week, I plan to interview Freedman on TechCrunch’s Equity podcast and ask him about how we build companies when our governments are faced with the irreversible challenge of that mission. We’ll be talking about the origins story and how they will center in the future. I hope she tells the world what’s going wrong with telemedicine’s ability to answer some of the biggest health questions right now, and where startups may be a good fit for solutions going forward. Also, are you actually raising them? growth round? To get the answer, you need to listen to the Equity episodes wherever you are with the podcast. Why not start now?

The rest of this newsletter will talk about another startup layoff, why MVPs aren’t MVPs, and fintech companies betting that local credit cards can also make you crave Netflix and Chill time. As always, share this newsletter with your friends follow me on twitter or my blog.

More layoffs at Startupland

Unfortunately there are more sources last week. Tech workers have experienced another tough layoff and hiring freeze coming from startups like Section4, Latch, and DataRobot. We’ve compiled some of the known cuts in one post.

Here’s why it’s important: From education to security, and from post-Series A startups to businesses that have recently been part of the SPAC, we’ve felt the impact in a variety of industries. To me, it shows just how pervasive these pullbacks really are, no matter what stage your company is at. It’s not just the cash-rich tech unicorns that are cutting staff. It is also an early stage startup.

Image Credits: PM image (Opens in a new window) / Getty Images

Your MVP is not a minimum, not viable, nor a product

I’ve been thinking about this headline by Haje Jan Kamps for the past week. Because it challenges one of the preconceived startup concepts that others adopt happily without fighting too much. aka, my sweet spot (and my weakness). In this special feature, Kamps explains why MVP is a “seriously misnomer” and what to focus on instead.

Here’s why it’s important: Kamps’ new framework and a series of questions you should ask about the first product make the complexity of MVP a little easier to approach. And I will end up with his kicker:

“I have no suggestions for a better name for MVP. Don’t fall into the trap of just thinking of it as a product. Actionable, necessarily small, simple, or easy. Some MVPs are complex. But the idea is to use as few of your precious resources as possible to get answers to your questions.”

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The larger hand controls the smaller, smaller toy figurine or puppet.

Jay-Z’s Queen A

For this week’s deal that may have blown under your radar, I choose Altro! The fintech startup, co-founded by Michael Broughton and Ayush Jain, found credit access to be free and found an atypical way to help people build credit.

Here’s why it’s important: Altros, which raised $18 million in Series A this week, helps people build credit through recurring payment formats like digital subscriptions to Netflix, Spotify and Hulu. While many banks that serve low-income, historically disenfranchised people want to bypass credit scores entirely, Altros stands out because they want to adjust access to the existing system. We encourage you to read Mary Ann’s story about the company’s origins, fundraising journey and spotlight, and subscribe to her newsletter, The Interchange.

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Image Credits: Getty Images

all week

Seen on TechCrunch

Seen on TechCrunch+

Until next time,

N



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