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Welcome to the Daily Crunch for Friday April 8th, 2022! Today Haje mainly read the latest IPCC report and wolfed down handfuls of anti-anxiety drugs while Christine talked and wrote all day.
If saving the planet turns out to be the wrong thing to do, we can always choose to reduce it to rubble at a later date. Until then, we can just agree to try and help together?
The TechCrunch Top 3
- Executive separates from Better.com: CTO Diane Yu is among the employees who have agreed to participate in the voluntary separation plan that the digital mortgage lender offered earlier this week, although we report she will remain as an advisor. Yu joined the company in January 2021 after leaving a similar role at Comcast. The news follows story of yesterday discussing what happened at Better.com’s December meeting, which fired 900 employees.
- Late Stage Slowdown in Gear 5!: Earlier this week, Alex Wilhelm and Anna Heim took a look global venture capital, noting that investment declines in later stages. Alex is back, this time diving into what’s happened to late-stage deals – and what kind of slowdown we’re talking about here. Just as he leaves the gallon of milk on the french fries shelf to get the last bag of Doritos, he feels there are some difficult decisions to be made in the future.
- Didi puts South Africa in his rearview mirror: Chinese ride-hailing giant Didi Chixung is putting its thumb out today and snagging a ride from South Africa. The company didn’t give a specific reason for its departure, but it seems its year-long drive around the country hit some speed bumps early on.
Startups and VCs
Tesla is nice and all, but the company can’t be blamed for making electric vehicles financially accessible. So good news for EV lovers: Vietnamese electric vehicle company Vinfast is stepping on the gas in its IPO, which promises a new generation of affordable electric vehicles alongside offerings from GM, Hyundai and Kia. For my part, I can hardly wait until gas guzzlers are a thing of the past.
Having lived on four different continents, I’m furious that in 2022 international money-sending is still an industry full of “solutions” that make you wonder who’s in charge. SwooshTransfer raised a multi-million dollar round of angels to solve this problem once and for all, “Make Transactions Easy”. Nobody tells them about Wise, Xe, Western Union, WorldRemit, HiFX, Remitly, OFX, MoneyGram, Xoom or any of the other dozens of well funded companies that already exist.
Let’s take a quick spin to see what else you may have missed:
Does your startup have enough runway? 5 factors to consider
If your early-stage startup doesn’t have enough cash to last through fall 2023, you may have a problem.
As a general rule, “companies in the seed and Series A stages should plan for at least 12 to 18 months of runway,” says business angel Marjorie Radlo-Zandi.
In an episode about her last column about the calculation of TAMshe shares her burn rate calculator and five tips for managing cash on hand.
“Forecasts are useful,” she says, “but you can’t account for unexpected problems or opportunities.”
(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)
Enter a count in the Microsoft column. Six years after a broader investigation into the state-sponsored Russian hacking group APT28, Microsoft announced this week that this is the case Domains confiscated successfully The group, run by Russian military intelligence, used to target institutions in Ukraine.
Spotify is giving us some TikTok vibes today. The streaming service is on the rise with another one new detection function that it tests. We report that this time it is “a personalized feed on the app’s home screen, introducing users to new music via a feed from canvas loops (aka those GIFs that appear when you’re listening to certain songs — Olivia Rodrigo’s ‘Brutal’, for example, is accompanied by a cake-smashing loop).” This follows last week’s test of a “Audio News Feed‘ for podcasts.
Chirp, chirp, chirp! We know Jan Marcia would now roll her eyes for speaking out about the social media giant yet again this week, but it’s just too busy not to mention. Twitter offered new additions to his Alt text function (Images with alt text contain an “ALT” badge in the corner of the image) and you can now Untag yourself from tweets (we must learn not to take this personally).
Here are some other stories to put on your reading list today:
- Apple’s App Tracking Transparency Study Raise Antitrust Concerns: Natasha Lomas broke down some of the study results showing that Apple’s requirement that developers ask permission to track app users actually made tracking more difficult. And that many apps still collect tracking data even though the user has asked them to do so.
- Google Pixel users, rejoice!: Google partners with iFixit to offer some self-repair tools for Pixel phones. The kits will be released later this year and will include all the fixings for common repairs such as replacing batteries, displays and camera modules. Next on the list, Chromebooks.
After 16 months on the job, Better.com CTO Diane Yu steps down – TechCrunch Source link After 16 months on the job, Better.com CTO Diane Yu steps down – TechCrunch