Daily Crunch: Dropbox CEO quits 500, citing slow growth and need ‘to be at the forefront of the AI ​​era’


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Thursday is here – how in the world did it happen? Those days they keep coming. If you’re still on the fence about wanting to come with Disruption, we’ve got you covered: There’s a Disruption Pass for every role and budget.

Also, it doesn’t look like Theranos founder Elizabeth Holmes is going to jail today. She was scheduled to begin an 11-year sentence, but then things happened. Connie It has a full history.

Christine And came

TechCrunch’s Top 3

  • More layoffsDobobox CEO Drew Houston announced today that the company is laying off 500 employees, or 16% of its workforce. Ingrid Houston reports that the decline is due to a slowdown in growth and the “age of AI.”
  • Prepare the popcorn: Warner Bros. is partnering with Viacom18 to bring “Success” and other HBO content to India. Manish It has more.
  • Legacy will learn to embrace AI.: Jagmet Financial software giant Intuit has taken a closer look at why it decided to roll out the welcome mat for artificial intelligence instead of closing its doors and changing its tent.

Startups and VCs

Whether you’re an event organizer, promoter, or just paying your friends to cover all the expensive alcohol at your birthday party, Posh is an event management and ticketing platform for all users to host events, big or small. Lauren After being in beta since October 2020, Posh announced its official launch today. Alongside the launch, the company announced a $5 million seed round.

The concept of SaaS as a business model has changed the game in tech by moving users away from buying software and paying for service delivery based on time-based subscriptions, typically monthly or yearly pricing. Ingrid Reports. Today, a London-based startup called M3ter, which is building tools to take the next step in that evolution — more granular usage-based pricing — is announcing funding on the back of strong interest. The company has raised $14 million.

More? Okay, well, here’s another handful for you:

Capital Fit is the new VC filter for startups.

Image Credits: PM images (Opens in a new window) / Getty Images

For some B2B SaaS startups, focusing solely on the LTV:CAC ratio is a good way to hide poor customer metrics. Dividing customer lifetime value by customer acquisition cost can yield valuable insights, but only if you have accurate retention data — and lots of it.

Igor Shaversky, a partner at the VC firm WaveUp, said: “Today, investors have reported other efficiency measures that show a more reliable and comprehensive picture of the efficiency of the startup capital.

In this TC+ column, he provides a formula and criteria for calculating CAC fees, showing founders (and potential investors) how long it will take to pay off customer acquisition costs.

Three more from the TC+ team:

TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!

Big Tech Inc.

Let’s talk meta today, shall we? Yesterday, the company announced that the revenue beat the revenue estimate Amanda. But that’s not all: Our colleagues have uncovered some information, including the fact that 10% of the company’s global ad revenue is at risk from the EU’s data-flow order. Natasha L It has more on that. Also, time spent on Instagram increased by 24% thanks to TikTok-style AI Reel recommendations. Darrell.

Meanwhile, Meta also won in court, with an appeals court ruling in favor of the tech giant in an antitrust case brought by the state attorney general. Sarah In 2012 and 2014, Meta acquired a monopoly in the social networking market after buying the photo-sharing app WhatsApp in 2014 and gained additional power through data policies that hurt app developers, the states wrote, adding that Meta had illegally monopolized the social networking market.

Now here are five more for you:


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