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| Why hello, I didn’t see you there. Welcome back to another week and an artisan, small-batch, limited-edition, locally crafted, handmade Daily Crunch for Monday, April 4, 2022! Today, weâre pretty psyched about Kirstenâs transportation newsletter, where she covers Teslaâs EV delivery records and much more. On Wednesday, weâre tuning in to Austin, Texas for our TC City Spotlight: Austin. Itâs not too late to register, so, er, maybe go and do that. Finally, a reminder that everyone has their own things going on, so letâs meet this week with kindness, shall we? â Christine and Haje |
| | Image Credits: HANNIBAL HANSCHKE/POOL/AFP / Getty Images |
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The TechCrunch Top 3 Elon Musk is reportedly Twitterâs largest shareholder:Â When the Tesla and SpaceX entrepreneur said he planned to build a social platform of his own, weâre not sure we were thinking this: Twitter today confirmed that Musk indeed bought a 9.2% stake in the company. Rumors sent Twitter share prices soaring last Friday. Itâs not yet known what this all means, but weâre enjoying the Twitter memes for now. Mailchimp confirms data breach: No matter how you like to pronounce the companyâs name (“mail-keemp?”), the email marketing giant says hackers got in and viewed approximately 300 customer accounts, apparently looking for cryptocurrency and finance targets. A spokesperson declined to say what Mailchimpâs plans were for making it harder for hackers to repeat this, so hereâs another story where weâll have to wait and see. Becoming the next Brex: The recent YC Demo Day might be over, but some companies are just getting started, and they have corporate spend company Brex in their sights. At least four startups identified themselves as a âBrex,â but for their particular region. Why home in on this company? Who wouldnât want to be like this company: It became a decacorn earlier this year, proved it can succeed in a hot and crowded space and it seems like the market can sustain the competition. Looks like a winner to us! |
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Startups and VC Well stir me a poke-bowl and call me Susan, itâs all happening in the land of food delivery. In India, weâre seeing the beginnings of an antitrust investigation into Zomato and Swiggy, and over on the Equity podcast, Alex and Mary Ann are digging into how Instacart is starting to deliver market trends. Also, if youâre keen to rethink how youâre eating, think along with Foraged â it is making it easier for people foraging for food to sell their wares online, on what Iâm fondly thinking of as a merry mushroom marketplace. Looking back at last weekâs demo-day extravaganza; Y-combinator startups are setting their sights on Brex, the acceleratorâs companies are trying to make alternative meat easier to swallow once and for all. In the Startups Weekly newsletter (get your sub on), Natasha reflects on what this batch of YC graduates teaches us about startups. ð° Occupy your ocular orbs with our omnibus of observant orations: Botched bank buy becomes the bane of bitcoin barter base BitMEX â BitMEX tried to buy a German bank, failed, then had to let a quarter of its staff go. Sequoia shepherd surrenders stripes â veteran VC firm Sequoia enters the final stage of handing the torch over from Doug Leone to Roelof Botha. The Legal lot at LinkSquares luxuriates in larger lucre â Intelligent contract-management company LinkSquare raises $100 million. Shipping stretches its Sub-Saharan spread â UPS expands its presence in Africa by partnering with Jumia. Peanut prescribes professionals â Women-focused social network Peanut launches new offering to connect women with doulas, therapists and more. Future Family finds funds to further fertilize families â the company raised $25 million to make IVF and other fertility treatments more accessible. Russia resents relocation of tech talent â IT specialists leaving Russia has Moscow getting twitchy. On that note â if you want to support Ukraineâs tech sector, weâve got some ideas for ya. |
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| If you want to launch in the middle of a downturn, don’t be spooked. Not only is it easier to hire during a market correction, there’s less pressure to deploy blitzscaling tactics that can mask underlying problems with product and marketing. According to Andy Stines, general partner at Cloud Apps Capital Partners, the current “valuation reset” isnât a crisis â itâs an opportunity for early-stage founders. For companies in the $4 million-$5 million ARR range, a $15 million Series A might still make sense, he writes. “Conversely, if you raise a $4 million-$6 million Series A at a more modest valuation, it gets much easier to reach the goal for a 2x-2.5x valuation step up to the Series B.” (TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.) Read More |
| | Image Credits: Yagi Studio / Getty Images |
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Newest Jobs from Crunchboard | | Senior Search Engine Optimization Specialist at G&S Business Communications (Raleigh, NC, USA) Lead Data Engineer (Remote) at Brivo Systems LLC (Bethesda, MD, USA) Microsoft Dynamics 365 Developer at Leatherman Tool Group Inc. (Portland, OR, USA) Director of Engineering, Mobile at Brivo Systems LLC (Bethesda, MD, USA) Jr Developer at Material (Century City, California ) See more jobs on CrunchBoard Post your tech jobs and reach millions of TechCrunch readers for only $200 per month. |
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