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Okay, NOW it’s Friday. Received any enjoyable plans for the lengthy weekend? Haje is transferring home (ugh), and Christine is searching GIFs of puppies till her battery runs out. Most likely.

Most individuals aren’t straight-up racist, nevertheless it seems unconscious biases sneak into our brains in all types of nasty, sneaky little methods. Stereotypes and prejudices exist, and being conscious of yours is an efficient place to begin engaged on. The Cornerstone Basis has a free 30-minute course you may take to uncover and work on them.

We hope you could have a wonderful Monday and don’t miss us an excessive amount of whereas we’re off for the vacation. Search for our return on Tuesday. — Christine and Haje

The TechCrunch High 3

• It’s a hen, it’s a airplane, it’s a drone: Dronamics raised $40 million in a pre-Collection A spherical (or actually massive seed spherical when you’d reasonably have a look at it that approach) to begin an autonomous cargo drone airline in Europe, Mike writes. It has some bold targets, too: The CEO says it will likely be capable of ship to all of Europe in the identical day from a single warehouse.
• Preempted: Some Disney+ Hotstar clients had been none too happy when the stream went down in the course of a preferred cricket match. Manish has extra, together with particulars that this kind of factor just isn’t an remoted incident.
• Pointing fingers: Carly and Zack report {that a} knowledge breach has Atlassian and Envoy briefly blaming one another for what went down that led to hundreds of Atlassian workers having their knowledge uncovered.

Startups and VC

With so many fintechs shedding workers, it may be straightforward to imagine that your complete business is in misery, however that’s not the case. The truth is, some firms are discovering alternative within the plenty of layoffs, Mary Ann discovers. Right here’s who’s hiring. In the meantime, Natasha M and Alyssa collected a complete checklist of 2023 tech layoffs.

The U.S. Securities and Trade Fee has charged the collapsed blockchain agency and stablecoin operator Terraform Labs and its founder Do Kwon with defrauding U.S. traders who bought the digital property Terra USD and Luna, Kate reviews.

And we have now 5 extra for you:

In order that founder you backed turned out to be problematic. Now what?

Picture Credit: retrorocket (opens in a brand new window) / Getty Pictures

Early-stage traders don’t intently handle the entrepreneurs they bathe with money, even when issues go off the rails. And in some circumstances, they could not be capable to exert a lot authority.

Assuming a VC makes an funding by way of a SAFE be aware, “if that stake hasn’t transformed to fairness, they don’t have a lot say if issues begin to go mistaken,” reviews Rebecca Szkutak.

To study extra about how traders deal with problematic CEOs, she spoke to:

• Cameron Newton, founder and common companion, Relevance Ventures
• Eric Bahn, co-founder and common companion, Hustle Fund
• Angela Lee, enterprise companion, professor, Columbia Enterprise College

We even have a number of extra for the weekend:

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

Massive Tech Inc.

The pandemic pressured us to search out new methods to collaborate in a distant office, and a few firms have been capable of leverage that want. Rita reviews that Feishu, ByteDance’s Slack-like software, was certainly one of them, producing $100 million in 2022. She writes, “ByteDance’s heavy funding in Feishu is telling of the state of enterprise software program in China. At a time when Silicon Valley traders are heralding product-led progress — companies that convert customers by their merchandise, as exemplified by Calendly — software program in China nonetheless largely counts on gross sales, advertising and companies to recruit customers.”

Now right here’s 5 extra for you: