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Greetings, there’s a lot of news today and my head is spinning a bit from some of this January 6 testimony today so let’s get right to it. Oh, and TechCrunch+ is having an Independence Day Sale! Save 50% on an annual subscription here. (More on TechCrunch+ here if you need it!) After saying the subscription go to hey‘s story above Your pitch deck needs an operational plan. — Christine
The TechCrunch Top 3
- Kid ‘n Play wouldn’t be amused: Airbnb has spoken out, ending party houses with a permanent ban. Ivan reports. The company started this 2 years ago and it seems to have worked – the company is reporting 44% fewer complaints from parties year over year.
- At the Finish: Although crypto exchange FTX CEO Sam Bankman-Fried denied he was interested in buying Robinhood, Alex goes into why FTX would be interested in the first place.
- The headline speaks for itself: mike hit a home run with his headline for a story about four European founders-turned-angel-investors, giving some of their rival venture capital firms – many of whom say they’ve never run a business before – a run for their money.
Startups and VCs
We enjoyed it Ingrid‘s story on Speechmatics, a company that raised $62 million for its approach Speech-to-Text Artificial Intelligence. One of the interesting things it does is remove some of the bias so that if you have an accent or speak a certain way, it will still pick it up and translate it accurately.
Ecommerce is hot, hot, hot, but it can be daunting to sift through Shopify’s 7,500 or so apps to find the ones that work best for your business. I wrote about it Shop Circle, which came out of stealth mode today with $65 million. The company has gone through all of these apps and is acquiring them so you don’t have to.
We know electric vehicles are expensive, so wouldn’t it be great to defer part of the monthly payment? To meet Tenet, which raised $18 million for its loan offer that could save an average of $200 off the bill, Harry writes.
Here’s the short, short version of other stories:
- drive job boards: While the tech sector is seeing layoffs, kyle reports that Gloat is raising $90 million to build better internal job boards.
- Rising tide and such: Sustainable Ocean Alliance, an early-stage ocean-focused startup incubator, raised $18 million in new funding from sources including Marc and Lynne Benioff, Dewin writes.
- You have a friend in me: Making friends is hard, and stuff Catherine points out that the older you get, the harder it gets. That’s why it’s heartwarming to read about apps like Hank raising $7 million in seed funding and connecting older adults to something they enjoy.
- no more vices?: Not so long ago, venture capital firms were skeptical about investing in one of the “vices” like alcohol and cannabis. hey reports that JourneyOne has a fresh $10 million fund ready to be used in cannabis technology.
Use chronological scenario planning to help your startup weather a potential recession
People who burn wood to keep warm in winter know how to calculate how many cords to chop and stack. However, creating a winterization strategy for a startup is a less straightforward process.
In this environment, entrepreneurs should build decision trees that can help them navigate a 36-month runway, recommends Gaetano Crupi, a partner at venture capital firm Prime Movers Lab.
A 3-year outlook “is a more appropriate time horizon to gather more information so you can slow down even further (using Cash to Pivot) if things are worse 12 months from now, or accelerate if things are better 18 months from now are,” he advises.
(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)
Our big tech news today begins with the handover of one of India’s largest telecom companies and the dawn of a new generation. Manic reports that Akash Ambani took over the reins from Reliance Jio by his father, Mukesh Ambani, in what analysts saw as “a clear example of a leadership change in one of Asia’s wealthiest families.”
Karly writes that the cybercrime RansomHouse (why do they sound like book publishers?) is allegedly behind it Blackmailing some data from the US chip manufacturer AMD. The company is investigating the incident.
Ron attended one of Google’s sustainability summits this week and came out with a story about it The new sustainability platform from Google Cloud to provide companies with data to help them achieve their climate goals.
More for your viewing pleasure:
- Oh yeah we got trouble, trouble, trouble: When you buy an electric vehicle, you want it to be just as reliable as your old ICE car, but just as reliable jaclyn According to reports, a survey by JD Power found that was not the case.
- Get the band back together: Spotify’s new Supergrouper in-app feature creates a sort of mixed band for up to five of your favorite artists. aisha writes.
- convoy: Rebecca reported on an open letter sent by a group of autonomous truck developers to California Gov. Gavin Newsom, urging the state to reconsider an earlier decision banning these types of vehicles in the state.
- Listen: If you are looking for new earbuds, brian provides an overview of Nura’s prototype.
- Delight of the developers: Frederick writes about Hasura’s new GraphQL Data Connector, which “enables developers to bring virtually any data source into Hasura to be exposed as a GraphQL API.”
The party’s over — Airbnb bans all disruptive gatherings in perpetuity – TechCrunch Source link The party’s over — Airbnb bans all disruptive gatherings in perpetuity – TechCrunch