TechCrunch Master Template TechCrunch Newsletter
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| Happy Wednesday Crunch, our crunchiest of friends. Itâs been a busy morning of tech news, so letâs hop right to it! â Christine and Haje |
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The TechCrunch Top 3 Seized: Carly reports that the FBI took down Genesis Market, a notorious hacker marketplace for stolen logins. They arrested about 120 people and conducted 200 searches. In case you donât remember, Genesis Market has been around since 2017 and has sold stolen credentials, cookies and digital browser fingerprints gathered from compromised systems. In mourning: The tech world is reeling after finding out that a fatal stabbing victim in San Francisco turned out to be Bob Lee, creator of Cash App and former CTO of Square. Romain includes some heartfelt responses, including this one by Block CEO Jack Dorsey, who wrote, âItâs real. Getting calls. Heartbreaking. Bob was instrumental to Square and Cash App. STL guy.â Car porn: Our audience really liked cars today. Mainly because of Patrickâs report on the 2024 Hyundai Kona, which looks to âbe one the most affordable cars with over-the-air updates.â Its dashboard interface looks really cool, in case you are into that kind of thing. Meanwhile, if trucks are your thing, Kirsten goes over all the things to drool over on the 2025 all-electric Ram 1500 Rev, including its âabsolutely massive battery.â |
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Startups and VC Y Combinator, the startup accelerator that has launched the likes of Instacart, Stripe and Airbnb, has broadened its investing lens in recent years, backing companies all over Africa and India, and beyond. As the tech downturn has continued, though, Y Combinator has shrunk its cohort size, stepped back from late-stage investing, and brought on a new chief executive: entrepreneur and co-founder of Initialized Capital, Garry Tan. Natasha M takes a look at the status of YC. Brian found a clever new bit of kitchen tech. Sepura recently introduced its eponymous home appliance, which sits under a sink in place of a garbage disposal, turning your under-sink situation into a composter. Six more! It sees right through you: OXOS Medical just raised $23 million in Series A funding with the intention of delivering a âradiology department in a box,â Haje reports. Tough as (upcycled) leather: Gen Phoenixâs upcycled leather woos luxury brand investors, reports Harri. Moar dry powder for climate tech: Tage reports that Equator secures $40 million in commitments for fund targeting climate tech startups in Africa. Building on initial success: Dominic-Madori reports that construction insurance company Billy raises additional $2.5 million. But where will they put their $10 million?: Ronbow nabs $10 million to deliver custom cabinets in as short as 3 weeks, Rita reports. Shedding talent (TC+): The US is losing crypto talent as blockchain devs seek safer havens, Jacquelyn reports on TechCrunch+, our membership site. |
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| Drawing on data from Carta’s “First Cut â State of Private Markets: Q1 2023” report, Anna Heim and Alex Wilhelm crunched the numbers to get a feel for the early-stage VC landscape. Taking into account “median round sizes and deal values,” they found that pre-money valuations for seed-stage startups fell slightly, but Series A, B and C rounds “seem to be showing signs of recovery.” TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code âDCâ for a 15% discount on an annual subscription! Read More |
| | Image Credits: Viaframe / Getty Images |
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