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Hey! You’ve bought yet another day of simply me earlier than I take a well-deserved Friday off and Kyle fills in, so I’ve determined to make an extra-large model of Every day Crunch. We hope lots of you’re hanging out with the cryptocurrency gang down in Miami for TC Classes: Crypto. As you may see, a couple of tales have come out of it already and I’m positive there’s extra to return.

Oh, and when you’ve got half-hour of downtime, I believe you’ll take pleasure in Alex’s interview with some company comms specialists on the ins and outs of working with startups and public corporations. Additionally, take a look at Haje’s Pitch Deck Teardown of Sateliot, which has loads going for it, however wants final names for its staff members.

Let’s dig into right now’s information! — Christine

The TechCrunch Prime 3

• Characteristic dump: For these of you who love to make use of Google Maps, Google Search and Google Procuring, boy, does the corporate have some new options for you. Aisha breaks them down.
• Placing cash the place your mouth is: Index Ventures is betting that the financial downturn will encourage the creation of extra startups and is placing $300 million on that horse to win, Mike writes.
• “A objective with no plan is only a want”: Mozilla launched its “State of Mozilla” report right now, and Frederic has a have a look at how the Firefox maker sees its subsequent chapter.

Startups and VC

Extra cybersecurity M&A occurring right here as Ingrid reviews that Palo Alto Networks is shopping for Cider Safety in a deal stated to be valued at as much as $300 million. This can be a transfer that she writes has been rumored for a bit, however now some items have fallen into place, together with telling traders, that make it extra apt to be occurring.

Mary Ann spoke with some crypto-focused enterprise capitalists who advised her that they had been already continuing with warning when it got here to deploying their funds into cryptocurrency however are actually nervous that fallout from FTX’s collapse might make it more durable to get restricted companions on board for future funds.

And we have now six extra for you:

SaaS startups that ignored VC recommendation to chop gross sales and advertising and marketing had been higher off this yr

Picture Credit: Andriy Onufriyenko (opens in a brand new window) / Getty Photos

Many VCs suggested founders to dial again their gross sales and advertising and marketing outlays to protect runway this yr. And, because it seems, many VCs have been giving the incorrect recommendation.

In response to information from Capchase, a fintech that provides startups nondilutive capital, “corporations that didn’t minimize spending on gross sales and advertising and marketing had been in a greater monetary and progress place now than those who did when the market began to dip in 2022,” reviews Rebecca Szkutak.

Of the five hundred corporations surveyed, bootstrapped corporations confirmed the strongest progress, stated Miguel Fernandez, Capchase’s co-founder and CEO:

“What we have now seen on this case, and what’s most attention-grabbing, is the most effective corporations have really minimize each different value besides gross sales and advertising and marketing.”

Three extra from the TC+ staff:

TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You may join right here. Use code “DC” for a 15% low cost on an annual subscription!

Large Tech Inc.

Please take pleasure in Brian’s extra-large Actuator e-newsletter right now, the place he breaks down Boston’s tech scene, going all around the metropolis, speaking to Tye Brady, getting in some work with robotics, and taking “a discipline journey to a few of Boston’s greatest startups.”

For these of you who prefer to tweet in threads, Twitter is engaged on a function for you that may divide lengthy textual content right into a thread mechanically, Ivan reviews. This transfer will scale back the necessity to break up all your fastidiously curated phrase vomit into 280-character segments.

In the meantime, over in Binance land, co-founder and CEO Changpeng Zhao, often known as CZ, spoke with Anita this morning at TC Classes: Crypto, and Romain grabbed a number of the highlights, together with CZ’s ideas on FTX: “We had been the final straw that broke the camel’s again.” Then Manish pulled out a few of CZ’s feedback as they relate to Binance’s enterprise viability in India. Particularly, there’s none.

In the present day, there are six extra we thought you need to learn:

• On cloud 9: Apple’s iCloud web site is somewhat totally different now with apps that appear like widget-styled tiles as a substitute of icons, Ivan writes.
• Extra layoffs: Roku says it’s also reducing jobs, citing financial situations for why 200 U.S. workers will likely be let go, Lauren writes.
• Controlling misinformation: PR software program large Cision acquired Factmata, which, in the event you don’t know, is combating faux information, Ingrid reviews.
• Automobile porn: Toyota’s new all-electric SUV idea has a smooth look and plant-based seating, Jaclyn reviews.
• Shock, shock, shock: Blizzard Activision shocked us all by suspending most of its video games in China, citing expiration of licensing agreements with NetEase. Rita has extra.
• Hey, my identify is…: We’ve been following the Meta India departures, however now have some information that Meta appointed a brand new India head, Manish reviews.