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Hoooo boy. As Alex would say: This week has been an extended yr. You simply comprehend it has been a fairly wild journey when Meta can lay off 13% of its staff, and it isn’t even actually within the prime 10 of loopy issues that occurred.
Gmail no longer lets you use the old interface, you retro-loving nerd, you. Salesforce did a round of layoffs, the DOJ seized $3.36 billion worth of Silk Street crypto, Binance said it would buy FTX, then backed out, inflicting Sequoia to write off its entire FTX investment. Theranos’s founder Elizabeth Holmes will find out her lot next week, whereas Peloton’s founder gave up on train gear and is selling 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 shortly making moves to hire some of them back. Oh, and we’re all #RatVerified 4lyf now, I assume.
Might subsequent week be barely extra chill for you. It is going to be for Haje, who’s buggering off to go do some scuba diving for every week, and probably trusting Apple with his life in the process. 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.”
The TechCrunch Prime 3
- Only the beginning, we fear: If you happen to’ve been following the entire FTX firm drama, then little doubt you’ve a tackle at present’s massive story that the crypto trade founder and CEO Sam Bankman-Fried filed for Chapter 11 chapter and in addition resigned his place. This comes after SBF thought there was an opportunity to avoid wasting the corporate by means of different strategies, like a tie-up with Binance after which some liquidity. This has been a lot that Jacquelyn mentioned 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 worry 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 taking place.
- Potato, potahto, let’s call the whole thing off (and on again): Ivan has the perfect 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 complete 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 means of these. Or don’t. You’re the grasp of your personal future.
Pitch Deck Teardown: Syneroid’s $500Okay seed deck
Stolen-vehicle restoration methods have been obtainable for many years, however a misplaced pet has larger emotional stakes.
In line with Syneroid, a startup that makes good tags, 10 million pets are misplaced every year in the USA, however “lower than 30% are returned house.”
After elevating a $500,000 seed spherical, the corporate’s founders shared their 12-slide pitch deck with TechCrunch for a assessment. In line with Haje Jan Kamps, “no data has been redacted or omitted.”
Three extra from the TC+ crew:
Massive Tech Inc.
Brian visited Amazon’s BOS27 robotics facility and never solely watched cute robots line up, but in addition realized in regards to the supply big’s plans for world domination. If you happen to can’t inform by now, it entails robotics and the way Amazon goals to enhance the world of last-mile supply.
Want extra leisure? Right here’s 5 extra: