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Extra Crunch roundup: Here’s everything you missed at TechCrunch Disrupt 2021



If that headline sounded judgmental, I apologize.

We just wrapped up a three-day virtual event that included discussions and interviews with some of the most notable people in technology, media, government and venture capital.

Even in person, there’s no way to absorb Disrupt in its entirety.

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Normally, I would use this space to spotlight an article we published in the last few days, but our content management system runneth over. Many reporters filed stories recapping the interviews and panels they conducted at Disrupt, and there will be more to come in the next few days.

As you review the summaries below, please note that there’s a video at the bottom of every Disrupt story that includes the panel and interview.

Thanks very much for reading, and congratulations to the entire TechCrunch team for a job very well done!

Walter Thompson
Senior Editor, TechCrunch

Duolingo doesn’t want to disrupt the college degree

Image Credits: Bryce Durbin

Duolingo CEO and co-founder Luis von Ahn has appeared at TechCrunch Disrupt before, but this year was his first time representing a public company.

A few months ago, reporter Natasha Mascarenhas described Duolingo’s debut as the “bellwether edtech IPO of the year,” so she was well-equipped with questions about the company’s plans for boosting revenue. For example, is premium content in the cards?

“If we wanted to make more money in the short-term, we could probably start paywalling things, but I think that would stifle our growth,” von Ahn says.

“If we start charging for some aspects of language learning, eventually we’re just gonna charge for everything.”

Here’s a recap, along with a video that captures the entire interview.

The whole package: How plastics and sustainability startups achieve success

Designer sketching drawing design Brown craft cardboard paper product eco packaging mockup box development template package branding Label . designer studio concept . (Designer sketching drawing design Brown craft cardboard paper product eco packaging

Image Credits: Cavan Images / Getty Images

The amount of plastic pouring into our oceans is set to triple by 2040, and most un-recycled plastic in the world is generated by consumer packaged goods.

As people look to minimize the waste they produce, startups are coming up with novel solutions to help people and companies meet sustainability goals.

Editor-at-Large Mike Butcher spoke with:

  • Svanika Balasubramanian, co-founder and CEO, rePurpose Global
  • Brian Bushell, co-founder and CEO, by Humankind
  • Lauren Singer, founder and CEO, Package Free

SEC Regional Director Erin Schneider talks SPACs, Coinbase and what startups could do better

SEC logo over pattern of cryptocurrency icons

Image Credits: TechCrunch

Connie Loizos asked Erin Schneider, regional director of the Securities and Exchange Commission’s San Francisco office, about crypto lending and the potential for new regulations covering SPAC companies and NFTs, but Schneider was clear from the outset that she was limited in what she could say.

“She did, however, share insight into her personal thinking about a range of these issues, which, given her position, seems very much worth knowing,” writes Connie.

Can the path to equitable healthcare avoid insurers?

Tablet pc in doctor's office

Image Credits: Tetra Images / Getty Images

The U.S. healthcare system is a contentious topic, an uncomfortable truth that became evident when Darrell Etherington moderated a conversation with Cityblock Health president and co-founder Toyin Ajayi, Forward CEO and founder Adrian Aoun, and Carbon Health‘s Eren Bali.

“We keep saying that these companies are kind of consumer-centric,” Aoun says.

“But in many ways I think one of the things that you realize is that when you get in bed with the insurance companies, which, whether it’s a Carbon or a Cityblock, at the end of the day, [if] you get in bed with the insurance companies, unfortunately, your incentive is basically not to go build a good consumer product.”

Said Darrell: “Let’s just say this conversation got heated — fast.”

Peter Beck says Rocket Lab actively prepared for interplanetary missions ‘from day one’

RocketLab's "As the Crow Flies" Electron rocket launch

Image Credits: Sam Toms and Simon Moffatt

Rocket Lab founder Peter Beck told Senior Editor Devin Coldewey that his own ambition to explore and learn from space goes back to his youth.

“I always felt that, if I could have the opportunity to go out into those stars and explore and perhaps ask or answer, one of the biggest questions in mankind’s history — ‘Are we the only life in the universe or not?’ — I would take that chance,” Beck says.

AI luminary Kai-Fu Lee and sci-fi author Chen Qiufan predict the future in ‘AI 2041’

long exposure stars with silhouetted figure

Image Credits: Jeremy Thomas / Unsplash

Where will today’s technologies lead us over the next 20 years, and what will an AI-infused world look like across the globe?

Sinovation founder and AI thought leader Kai-Fu Lee and breakout sci-fi author Chen Qiufan (aka Stanley Chen) make an educated guess in “AI 2041: Ten Visions for Our Future,” a set of stories and essays that explore AI’s potential and pitfalls.

After reading the book, Senior Editor Devin Coldewey talked with Lee and Chen about how the collaboration came about, how their points of view coincided and differed, and why they think the future will be how they describe it.

Peloton CEO John Foley on the changing face of connected fitness

Person riding Peloton bike plus, living room

Image Credits: Peloton

Peloton CEO John Foley discussed broader safety issues with the category, noting that the unfortunate circumstances behind a recent recall forced the company to take a closer look at product safety, as well as whether the company will maintain its pandemic-boosted growth as cities reopen.

“We’re seeing a lot more people get excited about Peloton and say, ‘I’m not going back to the gym, the gym was a failed model. It was a failed contract between the member and the business, and actually, I didn’t go to the gym. It wasn’t convenient, I didn’t want to go drive somewhere and shower outside my home and take that extra time away from my family,’” the CEO says.

It turns out fintech is worth as much as SaaS

Alex Wilhelm has spilled much ink about the Toast IPO in recent weeks, but he kept at it Thursday, comparing the debut of the Boston-based software-and-payments company to Remitly’s Wednesday evening flotation.

Seattle-based fintech Remitly, like Toast, priced above its proposed range.

“At $43 per share, Remitly is valued less like a fintech company with gross margins in the 50% to 60% range and more like a middle-tier public SaaS firm, flush with recurring revenues and net-dollar retention north of 100%,” Alex writes.

“The lesson from today’s public markets appears to be that revenue growth matters more than near-term margins for fintech companies, allowing them to secure valuations that far surpass their final private marks.”

Dear Sophie: What’s the difference between IEP and the latest proposed startup visa?

lone figure at entrance to maze hedge that has an American flag at the center

Image Credits: Bryce Durbin/TechCrunch

Dear Sophie,

What’s the difference between International Entrepreneur Parole and the latest proposed startup visa?

Do you think the startup visa will become a reality? If so, when?

— Financial Founder

Latin America’s second wave of digital transformation

Digital World

Image Credits: blackdovfx (opens in a new window) / Getty Images

“When we first shared LatAm’s digital acceleration story in last year’s Latin America Digital Transformation Report, we believed we were at the peak of digital growth catalyzed by the pandemic,” Julio Vasconcellos, the managing partner of Latin America-focused VC fund Atlantico, writes in a guest column.

“But with 2021 came all the second- and third-order effects of the crisis, further accelerating a continentwide tech expansion to a pace beyond any projections.”

Vasconcellos breaks down the details from this year’s report. Just one eye-popping stat: Eight new unicorns have already been minted in the region this year, nearly hitting the 2020 rate by midyear.

What Canva CEO Melanie Perkins looks for in a potential acquisition

person using Canva platform on mobile phone and desktop

Image Credits: Canva

Design software startup Canva has experienced “staggering growth,” Managing Editor Jordan Crook writes in a recap of her conversation with Canva CEO Melanie Perkins.

With a fresh $200 million and a $40 billion valuation, could Canva utilize acquisitions to continue that explosive growth?

“As a company with huge goals — to empower anyone in the world to design, and as a result of that, to become one of the most valuable companies in the world — anyone who helps Canva ‘leapfrog’ toward those goals is particularly interesting as an acquisition target,” Jordan wrote of her chat with the CEO.

How Calendly is building a platform by turning scheduling into a center-stage event

Image Credits: Calendly

Ingrid Lunden began with a simple question when she sat down with Calendly founder and CEO Tope Awotona: If the product works well, how do you take it to the next level — and frankly, why should you?

Calendly raised $350 million at a $3 billion valuation earlier this year, but little has changed despite the infusion of cash.

“The question I had at the time [of that funding round] was, will the company take it as a distraction and become enamored with the publicity that comes with that? Or will we stay focused and continue to work really hard for our customers and partners and ourselves?” Awotona says.

“Nine months later, it’s very clear that we’ve done the latter. Our culture and values have more or less remained the same.”

Microsoft now more focused on ‘killing Zoom’ than Slack, says Stewart Butterfield

photo illustration of salesforce tower with white clouds and slack logo pattern

Image Credits: TechCrunch

Slack founder and CEO Stewart Butterfield and Salesforce COO Bret Taylor discussed their $28 billion merger, how they’re integrating the two companies, and the ongoing competition it faces from Microsoft Teams, which has grown faster than Slack, and which Butterfield once said was “unhealthily obsessed with killing Slack.”

“Over the last year, maybe even 18 months, I think Microsoft’s preoccupation with Slack has shifted somewhat to a preoccupation with killing Zoom, because Teams turns out to not really [be] so much of a direct competitor,” Butterfield says.

Twitter’s Rinki Sethi on why CISOs win when security is a shared responsibility

illustration of twitter logo, padlock pattern and shields

Image Credits: Bryce Durbin / TechCrunch

When is the right time to hire someone to oversee a company’s security efforts?

In an interview with Security Editor Zack Whittaker, Twitter CISO Rinki Sethi talked about the modern role of a chief information security officer and how the next generation of CISOs can stay ahead.

“I’m not going to be the security idealist and say you need to invest in security before the product or business features, but I think there’s a really strong balance,” Sethi says. “If you think about building security right from the beginning, I think you do have a really strong competitive advantage.”

Indications of a hot market abound as Freshworks, Toast price IPOs

Alex Wilhelm could not be more adamant: The market is so hot right now.

For Wednesday’s Exchange, he backed it up with numbers, noting that Toast and Freshworks both priced above raised per-share price ranges.

“If you are looking for an indication that it’s a good time to go public, this is it.”

For Bio​​NTech, the COVID-19 vaccine was simply the opening act

The COVID-19 vaccine mRNA is translated to the viral spike protein in a ribosome

Image Credits: selvanegra / Getty Images

It took a global pandemic for BioNTech to become a household name: The technology it had been plugging away at meant it “happened to be positioned extremely well to use its mRNA technology to address the novel coronavirus, in part because it already had a partnership in place with Pfizer to develop a flu inoculation.”

BioNTech co-founder and CEO Uğur Şahin spoke with News Editor Darrell Etherington about the company’s start and its “broader vision,” which extends beyond the use of mRNA.

“Ultimately, BioNTech’s mission is to make treatments that are optimized not only to specific patient needs, but also to time and place,” Etherington writes in a recap for Extra Crunch. “All the treatments in the company’s pipeline are about refining the approach to addressing disease, making the process much more like a metaphorical scalpel than a bludgeon.”

“We can develop classical pharmaceuticals like a vaccine [in the case of COVID], but on the other side, also really continue to follow our vision,” Şahin says.

Seth Rogen explains how Houseplant promotes cannabis without breaking the rules

Houseplant weed and container

Image Credits: Houseplant

Many celebrities have turned their personal interests into thriving commercial concerns: Ryan Reynolds owns Aviation Gin, Jessica Alba founded nontoxic goods startup The Honest Company, and George Clooney will earn as much as $1 billion for selling his tequila company.

This year, actor Seth Rogen co-founded Houseplant, which sells pottery, cannabis and related accessories.

“We’ve sold house goods in all 50 states at this point,” Rogen explained. “That’s us, developing a relationship and trust with customers in places where weed is not legal yet.”

In a conversation with Managing Editor Matt Burns, Rogen, CEO Mike Mohr and chief commercial officer Haneen Davies discussed some of the challenges of brand-building within the confines of a strict regulatory environment.

“I think the merger of house and plant is what’s going to help us establish a brand name that goes beyond the limiting restrictions you have to abide by to communicate cannabis,” Davies says.

WarnerMedia’s Andy Forssell discusses a fascinating first year for HBO Max

HBO Max WarnerMedia Investor Day Presentation

Image Credits: Presley Ann/Getty Images for WarnerMedia

No one roots for a global pandemic, but WarnerMedia launched HBO Max just as cities and states across the U.S. restricted in-person gatherings as COVID-19 spread.

In many ways, the service seemed well-positioned, even in a crowded sector. HBO Max brought decades of critically acclaimed series, coupled with pricey acquisitions like the “Friends” and “South Park” back catalogs.

COO Andy Forssell joined TechCrunch Disrupt to discuss the fascinating 17.5 months of the service’s life so far:

“The early impacts were all negative, though, I think we, along with everyone in the industry, learned to roll with them,” he says. “Everybody had to work from home. That was tough, though I think we made the transition better than everyone thought. We were at launch mode at that point.”

How Ryan Reynolds mastered authentic marketing

Ryan Reynolds Mint Mobile

Image Credits: Guy Aroch

Most people know Ryan Reynolds from his movies, but he also owns a majority stake in Mint Mobile, a mobile virtual network operator, which has grown more than 50,000% in the past three years. And he also invested in Aviation Gin before selling it for a staggering $600 million last year.

He’s also a founder of Maximum Effort, the marketing firm that promotes the “Deadpool” franchise, Aviation Gin, Mint Mobile, and that viral ad featuring Satan and the year 2020 as a match made in hell.

He spoke to Jordan Crook about how startups can adapt his concept of “fast-vertising” to use real-time cultural moments as a springboard for building their own brand buzz, among other things.

“When we lead with creative and we have an idea or are inspired by something, we get quite aggressive with our excitement and try to make something infectious around it,” Reynolds says.

Latin America finds a champion in SoftBank Group International CEO Marcelo Claure

Latin America

Image Credits: Bryce Durbin

Since first announcing it was planting a stake in the ground in the region in early 2019, SoftBank has plugged more than $5 billion into Latin America and expects that number to top $8 billion by year’s end.

Its capital contributions are meaningful. In 2019, startups across Latin America raised $5.3 billion in funding, according to CB Insights. In 2020, they raised roughly the same amount.

This year, the pace of dealmaking has shifted into overdrive, with $9.3 billion being invested in Latin American startups in the first six months of the year. SoftBank Group CEO Marcelo Claure believes that by 2023, close to $30 billion will be invested in the region annually.

“Finally, the world has realized that Latin America has size,” Claure, a native of Bolivia, said this week at TechCrunch Disrupt.

Bootstrapping in 2021 goes a long way

Alex Wilhelm and Anna Heim have spent a lot of time unpacking this year’s staggering venture capital numbers, but they ended the week with a look at the value of startups eschewing VC.

“After all, not all successful startups are in a good position to IPO, and we are facing an IPO traffic jam that even SPACs are failing to solve,” they write.

“But funded unicorns can’t escape it: They need to provide liquidity to their investors, and it’s too late for them to pursue a different route. Their bootstrapped counterparts, in contrast, have options.”

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The 12 TikTok facts you should know



Many people don’t understand the cause behind the hype in TikTok usage. All this exists even though many businesses and brands use it. You are totally out of the loop if you have never heard anything about TikTok. With the current internet, many apps and trends emerge every day. You can overlook many of these hypes, but you should be keen on TikTok and start getting TikTok followers. The spread of TikTok in the world can match a bush fire as it happens within a short period. It’s a social media platform where users can make and share short videos between 15 to 60 seconds. Here are the facts you need to know about this TikTok platform.

  1. It started in China

Many famous social media platforms like Instagram and YouTube started in the USA. TikTok came from China. It started as a Chinese project (Douyin) in 2016, the app’s name in Chinese. A vast Chinese technology company called Bytedance owns TikTok. The US tries very much to stop this Chinese social media platform from its fast growth globally. It’s the reason why Trump, the former American president, tried to block it out of the USA.

  1. Active TikTok users are over 800 million

It’s a colossal usage! The latest research shows that more than 800 billion people worldwide are active on it. The number is already more than that of LinkedIn, Twitter, and Snapchat.

If you thought TikTok was a lousy video platform for Gen Z, then you have to rethink. The app is gaining fame day and night, especially for the generation between 10 to 29 years.

  1. It’s the world’s most expensive startup

A private company Bytedance owns the TikTok platform. The company started in 2012, and in 2021, it’s the most valuable startup globally. The estimated value of Bytedance is over USD 75 billion. A startup is a company that is privately owned which makes it to lead. Most of the high companies in the world are not private entities. From the growth statistics, it’s evident that the Bytedance company is healthy. The firm valuation of the company indicates that TikTok will not get sold anytime soon. 

  1. TikTok focuses on Gen Z but not kids

TikTok holds the massive potential to cover all age groups and many continents. The most predominant group on the platform is the young ones. When compared to other social media platforms, TikTok has the youngest user base. Around 70% of the users are between 16 and 25, meaning that only 30% are 26 years and above. Many people ignore TikTok because of its demographics. It’s the reason why it’s a massive hub for the young. When Facebook came, it was an excellent platform for the young. The young generation switched to Instagram when the old started hanging on Facebook.

Many parents and grandparents aren’t aware of how TikTok works. It makes many young generations as early as 10 years stick to TikTok.

  1. 34% active posts every day

The activity level on TikTok is very high than on other platforms. More than 30% of the users post every day. If you need to grow your following, you have to post every day like on any other platform. The platform gives its users a unique and organic reach. Even if you don’t have followers, your post can go viral to reach millions of users.

  1. TikTok isn’t fake like Instagram

Browsing on TikTok makes you feel you are next to ordinary people. Most users on TikTok don’t love Instagram because of the highly polished aesthetic. The platform is more natural. Instagram influencers mainly use the big show-offs via entirely faked shots. The TikTok teenage influencers use it from the comfort of their seats or bedrooms. The platform users need honesty.

The Forbes statistics say that TikTok has overflowing niceness. It has vast comments that empower and encourage people.

  1. Localized content

Despite TikTok is a global app, it aims at raising and popularizing local content. Through such content, hashtags, and challenges, it concentrates on local trends. It makes it adorable to users. On TikTok, you can see content from anywhere in the world. Even if the person who posted the content isn’t your follower, you will see it. That’s why you don’t need a following to go viral with your excellent content.

  1. TikTok isn’t for lip sync only

Most people understand TikTok as, a lip-synchronization app. At the end of 2017, after TikTok’s invention, the Bytedance company bought They merged the newly bought app with other features into TikTok. The TikTok videos are broader than the musically videos.


From any of the above factors and others not discussed, it’s evident that TikTok won’t die anytime soon. If you still can’t understand the cause of the TikTok ever-rising hype, download and use it. You will understand better.

Source: Plato Data Intelligence

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Watch Out for This Serious Startup Investing Red Flag



Oftentimes in seed rounds, companies explain that they need to raise money before really getting the business started. This can be a serious red flag, depending on the situation.

If the company was founded months (or years) ago but has made little to no progress, that’s a bad sign. An example I came across recently is Emerging Fuels Technology. The company has created technology that turns carbon waste products into fuel. Emerging Fuels Technology was founded in 2007 and claims its products are commercially viable — but it still hasn’t made any sales. The founder also gave no timeline as to when its products will be commercialized. 

I much prefer investing in people who have at least bootstrapped in the very early days of the business — meaning they’ve built the business on a very tight budget, often using their own money. Any bootstrapped revenue is a good sign. It shows that the founders are scrappy and willing to get their hands dirty. 

Of course, if a company needs a big piece of equipment that costs $500,000, that could be another story. In cases like that, I look for founding teams that have a track record of making their ideas reality. 

If it comes down to choosing between a bootstrapped startup and one that is waiting for funding to get started, I’ll pick the former 99% of the time. Someone who has used elbow grease — or their own capital — to get things going is just a better bet.

The post Watch Out for This Serious Startup Investing Red Flag appeared first on Early Investing.

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TrustPoint raises $2 million for GPS alternative



SAN FRANCISCO – TrustPoint Inc., a startup developing a global navigation satellite system (GNSS), has raised $2 million in seed funding from venture capital firm DCVC.

With the funding announced Oct. 18, TrustPoint plans to expand its engineering team, continue developing core technologies, including satellite payload testing, and extend key partnerships.

Heavy global reliance on GPS, Europe’s Galileo, Russia’s Glonass and China’s Beidou for everything from communications and transaction timing to maritime and aircraft navigation is prompting companies and government agencies to look for backups and alternatives.

TrustPoint founders Patrick Shannon, a former Astro Digital vice president, and Chris DeMay, former Hawkeye 360 founder and chief technology officer, said GPS alternatives are necessary because the current system is inaccurate, slow, unencrypted, and susceptible to jamming and spoofing. What’s more, GNSS systems alone are not precise enough for many of the emerging commercial applications like drone delivery, self-driving cars, urban air transportation and augmented reality, Shannon and DeMay said.

TrustPoint’s GNSS alternative is intended to provide government and commercial customers with improved service, security and reliability. Promised improvements “include better accuracy, quicker time to first fix, and anti-spoof and anti-jam capabilities,” according to the news release.

“NewSpace startups have been successfully revolutionizing a host of space applications, like launch, earth observation and communications for the past decade,” Patrick Shannon, TrustPoint co-founder and CEO, said in a statement. “Our effort to develop a fully commercial GNSS service is the logical next step to this trend, a much-needed layer of security for today’s GPS users, and an enabler for nascent applications in the autonomous navigation sector.”

DCVC Partner Chris Boshuizen, who led the firm’s investment in TrustPoint, said in a statement, “It’s easy to imagine TrustPoint’s innovative and fast-evolving commercial service alongside government GNSS, or even as the primary solution.”

Boshuizen, the former Planet CTO and co-founder who was one of the passengers on the recent Blue Origin New Shepard flight, will join the board of directors for TrustPoint, a firm based in Silicon Valley and Northern Virginia.

DCVC also has invested in radar satellite operator Capella Space and launch vehicle provider Rocket Lab.

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Customer Acquisition: 5 Cost Effective Ways to Reach Customers Online



Returning customers will spend 57% more money than new customers. However, this doesn’t mean that you must focus all your resources on keeping current customers.

You don’t have to spend a lot of money to reach new customers. The presence of online marketing platforms provides cheap marketing alternatives. Small businesses can now convert new leads without investing in an expensive marketing campaign.

So, how can you reach new customers? Here are five effective strategies for new customer acquisition.

  1. Use Social Proof

You’ve told your customers that your services and products are of the best quality. Yet, most people will believe your claims if another person praises your products or services. These individuals shouldn’t be associated with your company.

The majority of customers buy products recommended by their relatives or friends. It’s important that you request your current customers to provide their honest reviews of your products. You’ll then post positive customer testimonials on your website and social media platforms.

Social proof will increase your brand’s positive reputation and attract new customers.

  1. Use Chatbots

Interacting and answering customer questions is a time-consuming process for any busy marketer. However, you should get chatbot software to converse with and attract customers. The chatbot can answer common customer questions and introduce them to your business.

Unlike human agents, chatbots have a 24/7 online presence. They’ll be doing the job of your sales and marketing team members. You can also use AI to improve the chatbot’s responses to customer queries.

  1. Design Gated Content

If you’re creating good content, you can create restrictions around it. A person will only be able to read that content after they’ve filled a form. This is a smart method since customers will be providing their information in exchange for free content.

Your gated content can include reports, guides, and white papers. The content should be well-researched and present current information.

  1. Create an Optimized Website

Your websites should be popular and easily accessible if you want to attract more customers. You can create a marketing funnel on your website to categorize potential customers into segments. Targeted ads can then be shown to each segment of customers.

The websites should have visible calls-to-actions on every page. This call to action can appear at the bottom of your pages or as pop-ups.

You must also ensure that your website is mobile-friendly. Visitors to your website will only become customers if they get a good experience while browsing your website.

Learn more about these strategies by consulting a reputable SEO company.

  1. Create Attractive Social Media Profiles

Your social media followers should be the first people to know about your latest offerings. Therefore, there should be regular product highlights on your social media profiles. Images and videos must accompany these social media posts.

It’s also a good idea to connect your social media profiles to your website. For example, each social media post can have a link or call to action button to your website.

Use Customer Acquisition Strategies to Boost Sales

Customer acquisition is one of the most important things that any business can do. New customers will buy more products and services, and this will increase your overall sales. You can use affordable and straightforward strategies to attract new customers.

For more practical Tech and digital marketing tips, please read our other blogs.


Source: Plato Data Intelligence

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