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have understood, now it’s friday Do you have fun plans for the long weekend?Haje is moving (hmm) and Christine is browsing GIFs of her puppies 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 is Free 30-minute courses to discover and tackle they.
Have a nice Monday. Don’t miss us while we are out on holiday. Look for us back on Tuesday. — Christine and Haje
TechCrunch Top 3
- It’s a bird, it’s a plane, it’s a droneDronamics has raised $40 million in its pre-series A round (or a very large seed round, if you want to look at it that way) to launch 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 Zach A data breach reported that Atlassian and Envoy briefly blamed each other for exposing the data of thousands of Atlassian employees.
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 applicants. in the meantime, Natasha M. and Alyssa collected Comprehensive list of tech layoffs for 2023.
The U.S. Securities and Exchange Commission Indicted failed blockchain firm and stablecoin operator Terraform Labs and its founder Do Kwon tricking US investors into buying digital assets Terra USD and Luna, Kate report.
In addition, there are five
So the founders you endorsed turned out to be problematic. So?
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 won’t have much of a 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 is reporting Feishu, ByteDance’s Slack-like toolis one of them, generating $100 million in 2022. she wrote:Time for Silicon Valley investors to speak out Product-led growth — Services that convert users through products. Calendar — Chinese software still relies heavily on sales, marketing and service to acquire users. ”
Here are five more.
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