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have understood, now it’s friday Anything fun planned for the long weekend?Haje is moving house (hmm) and Christine is browsing GIFs of her puppy until the batteries die. probably.
Most people aren’t racist, but it turns out that unconscious bias creeps into our brains in all sorts of nasty and mean ways. Recognizing your own stereotypes is a good place to start. The Cornerstone Foundation has his free 30-minute course to discover and tackle them.
Have a nice Monday. Don’t miss us while we are out on holiday. Look for us back on Tuesday. — Christine and he came
TechCrunch Top 3
- It’s a bird, it’s a plane, it’s a droneDronamics has raised $40 million in a pre-series A round (or a very large seed round if you want to see it that way) to start an automated cargo drone airline in Europe. microphone I am writing. We also have some ambitious goals. The CEO says it will be able to ship across Europe on the same day from a single warehouse.
- preempt: Some Disney+ Hotstar customers weren’t too happy when the stream went down in the middle of a popular cricket match. mannish There is much more, including details that this sort of thing is not an isolated incident.
- Pointing: curly and Zack .
Startups and VC
With so many fintech companies laying off staff, it’s easy to think the whole industry is in trouble, but that’s not the case. In fact, some companies see an opportunity in mass layoffs. Mary Ann discover. Click here for those who are recruiting. in the meantime, Natasha M. and Alyssa We have compiled a comprehensive list of tech layoffs for 2023.
The U.S. Securities and Exchange Commission has indicted failed blockchain firm and stablecoin operator Terraform Labs and its founder Do Kwon for defrauding U.S. investors who bought digital assets Terra USD and Luna. . Kate report.
In addition, there are five
So the founders you endorsed turned out to be problematic. So?
Image credit: retro rocket (opens in new window) / Getty Images
Early stage investors don’t closely control entrepreneurs showering cash when things get off track. Also, in some cases, you may not be able to exercise as much power.
Assuming VCs invest via SAFE notes, “if that stock isn’t converted to equity, they have very little say when things start to go wrong,” reports Rebecca Szkutak.
On how investors treat problematic CEOs, she said:
- Cameron Newton, Founder and General Partner at Relevance Ventures
- Eric Bahn, co-founder and general partner of Hustle Fund
- Angela Lee, Venture Partner, Professor, Columbia Business School
Here are some more for the weekend:
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Big Tech Co., Ltd.
The pandemic has forced us to find new ways to collaborate in remote workplaces, and some businesses have been able to capitalize on that need. Rita Feishu, ByteDance’s Slack-like tool, is one of them and reports to generate $100 million in 2022. she wrote: At a time when Silicon Valley investors herald product-led growth (services that convert users through products, as exemplified by Calendly), Chinese software is still selling, marketing to acquire users. , and heavily dependent on services. “
Here are five more.
