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Hoooo boy. As Alex would say: This week has been an extended 12 months. You simply understand it has been a reasonably wild journey when Meta can lay off 13% of its employees, and it isn’t even actually within the high 10 of loopy issues that occurred.
Gmail not allows you to use the previous interface, you retro-loving nerd, you. Salesforce did a spherical of layoffs, the DOJ seized $3.36 billion value of Silk Highway crypto, Binance stated it will purchase FTX, then backed out, inflicting Sequoia to write off its whole FTX funding. Theranos’s founder Elizabeth Holmes will discover out her lot subsequent week, whereas Peloton’s founder gave up on train tools and is promoting rugs now. Then there was a wall of Twitter drama, together with utter chaos with Twitter’s new “verified” system after it laid off half of its employees, earlier than rapidly making strikes to rent a few of them again. Oh, and we’re all #RatVerified 4lyf now, I assume.
Might subsequent week be barely extra chill for you. It will likely be for Haje, who’s buggering off to go do some scuba diving for every week, and probably trusting Apple along with his life within the course of. As he left for the day, he may very well be overheard muttering, “I hope there’s a little bit of web left after I come again.”
Take a breather, you may all the time implode with stress subsequent week as a substitute. — Christine and Haje.
The TechCrunch Prime 3
- Solely the start, we concern: If you happen to’ve been following the entire FTX firm drama, then little question you may have a tackle in the present day’s huge story that the crypto trade founder and CEO Sam Bankman-Fried filed for Chapter 11 chapter and likewise resigned his place. This comes after SBF thought there was an opportunity to save lots of the corporate by different strategies, like a tie-up with Binance after which some liquidity. This has been a lot that Jacquelyn stated on CNBC this morning that everybody ought to put their crypto in their very own non-public keys.
- All that back-and-forth is hurting our neck: We concern that Twitter builders have spent a lot of their 84-hour workweek flipping the “official badge” change on and off to appease Elon Musk’s consistently flip-flopping concepts. Natasha L has extra on what’s occurring.
- Potato, potahto, let’s name the entire thing off (and on once more): Ivan has the most effective headline all week — “Have you ever tried turning it on and off once more, Elon?” We’re nonetheless ready for that reply.
Startups and VC
Our whole information crew are flopped over of their respective sofas, barely shell shocked after one of many wildest information weeks we’ve seen. You recognize, we’re so exhausted, we’re not even gonna write a correct intro. Right here, make your self a cup of tea and click on by these. Or don’t. You’re the grasp of your personal future.
Pitch Deck Teardown: Syneroid’s $500K seed deck
Picture Credit: GPC Sensible Tags (opens in a brand new window)
Stolen-vehicle restoration programs have been out there for many years, however a misplaced pet has increased emotional stakes.
In line with Syneroid, a startup that makes good tags, 10 million pets are misplaced annually in the US, however “lower than 30% are returned dwelling.”
After elevating a $500,000 seed spherical, the corporate’s founders shared their 12-slide pitch deck with TechCrunch for a evaluation. In line with Haje Jan Kamps, “no data has been redacted or omitted.”
Three extra from the TC+ crew:
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.
Brian visited Amazon’s BOS27 robotics facility and never solely watched cute robots line up, but additionally discovered in regards to the supply big’s plans for international domination. If you happen to can’t inform by now, it includes robotics and the way Amazon goals to enhance the world of last-mile supply.
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