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Happy Thursday, Crunchers!
That bacon could be saved if the country’s largest banking group agreed to deposit about $30 billion in First Republic Bank. Christine Reports, and TC+, RAM Break down everything you need to keep up with the SVB crisis.
in the meantime, Annie and took SVB ponders the broader implications of being in the boiling water and reports how it might force African start-ups to rethink their banking options.
Now that the national bank meltdown is over, let’s continue with the rest of the tech news!
Don’t forget to wear green tomorrow! — Christine and he came
TechCrunch Top 3
- wait no more: Ivan reports that Bing’s waiting list for chat over GPT-4 is gone. fun!
- bite an AI apple: Apple isn’t going to allow every other big tech company to get into the AI fun.new story, also by IvanApple is reportedly experimenting with language generation AI to help Siri better understand your queries.
- charge it: Parker is challenging the corporate card world, which is looking to grab a slice of the market from companies like Brex and Ramp, by offering new credit services tailored to the needs of e-commerce brands. Christine There are more.
Startups and VC
One of the major challenges for companies leveraging the gig economy is managing pay and benefits. set out to solve it, Kyle Wingspan reports that its payroll platform, which is primarily aimed at companies that employ freelancers, has rushed to the rescue.
Haje decided to prioritize her story in this section, so there are 6 more stories, including 1 bonus. Such preferential treatment, one by one.
How to pitch: 7 investors discuss what they want in March 2023
Image credit: Sean Gladwell (opens in new window) / Getty Images
It’s too early to tell if the collapse of Silicon Valley Bank will usher in a new era of venture capital, but based on anecdotal evidence, off-the-record discussions, and chats with colleagues, we’re confident business as usual. seems to be back to -Funding for profitable startups is a concern.
Before SVB’s demise, Walter Thompson interviewed seven investors to find out where they were looking to invest, how they hoped to approach them, and what they thought of first-time founders. I would like to know more about if there was any general advice.
- Brian Backeen, General Partner at Lightship Capital
- Masha Bucher, Founder and General Partner, Day One Ventures
- Rebecca Liu-Doyle, Managing Director, Insight Partners
- Clelia Warburg Peters, Managing Partner, Era Ventures
- Nick Adams, Managing Partner and Co-Founder, Differential Ventures
- Lisa Lambert, Founder and President of National Grid Partners
- Hustle Fund co-founder and general partner Elizabeth Yin said:
Three more from the TC+ team:
TechCrunch+ is a membership program that keeps founders and startup teams a step ahead. You can sign up hereUse code ‘DC’ and get 15% off your annual subscription!
Big Tech Co., Ltd.
Via, which is looking to beef up its transportation technology offering, has delivered on its promise to make more acquisitions, acquiring travel planning app Citymapper. Rebecca and Ingrid Note that “There have been rumors for years that Citymapper is trying to find a buyer.”
Let’s move on to Microsoft. Microsoft 365 Copilot is a suite of productivity and enterprise apps packed with features powered by artificial intelligence. Kyle There are more.
In addition, there are five
- Proceed to main engine pause: Sometimes you have to hit ‘pause’, but that’s exactly what Virgin Orbit does to find cash, Devin reports.
- Delisting: Five Russian-affiliated internet companies, including Yandex, have been officially delisted from the Nasdaq and NYSE. Pole I am writing.
- take a step back: After more than a decade at the helm of Twitch, CEO Emmett Shear is stepping down to move on to another job. taylor I am writing.
- Dating in the age of apps: Tinder has a slew of new features, including features that help users better define the type of relationship they’re looking for. Sara report.
- SVB crash affects everyone, including robots: Brian We spoke with several founders and investors to better understand the impact of the Silicon Valley bank failure on the robotics industry.