Daily Crunch: In the second largest bank failure in the United States, the Fed took over First Republic Bank and sold it to JPMorgan Chase.


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The world we live in is a curious world. Banks are one-collapsing, and the world continues one-turning.

And oh, hey, look! OpenAI is now richer! Alex It’s back to the microphone with your Monday details, and as usual, we’ve got a lot to cover: we’re digging into OpenAI, earnings, First Republic Bank, some fun startups, and the ARM IPO in today’s equity episode. Listen here.

Christine And came

TechCrunch’s Top 3

  • On the verge of collapseRegulators closed First Republic Bank and lined up a buyer, JPMorgan Chase, which acquired the FRB’s $330 billion in assets and deposits. Meanwhile, Ingrid The Federal Deposit Insurance Corporation wrote that it was held at $13 billion. Stay tuned for more as this all unfolds.
  • One man’s failure is another man’s success.: Elon Musk took to Twitter this weekend to share more information about what happened to SpaceX’s Starship when it failed to self-destruct as planned during its test run last week. Darrell It has more.
  • AI must go forwardIsraeli startup Alison, in particular, is the latest ad tech company to receive $5.1 million in funding as a way to inject artificial intelligence into its platform to analyze creative advertising, according to reports. Mike.

Startups and VCs

The future of vertical farming has yet to be written. In many ways, the technology offers hope amid growing food safety concerns, an aging population and potential environmental degradation. Brian He wrote. Early companies in the space will be focused on driving unit economics (hopefully) to the point where the technology makes sense from a cost perspective. Up and up.

One of my pet peeves is warm intros. “I understand why investors are asking, but it always comes across as lazy and non-inclusive,” he wrote on TC+, and he’s glad to have found a cure: GoAhead says it listens to anyone’s voice, no matter where it is. As long as you are a pre-seed or seed company, the world you own or build.

Another little treat for you on this fine Monday afternoon (assuming you’re on the West Coast or similar time zone. If you’re not, only goodness knows where you are. But we hope you’re living. Have a great day, whatever.)

Your site requires more than one user to navigate the experience

Image Credits: John Lund (Opens in a new window) / Getty Images

In the early days, most founding teams focus on building strong sales channels, but segmenting customers can be done throughout the buying process—if you know what questions to ask.

Asking new users questions about their past product experiences or future goals is the first step in creating customer personas, says growth expert Jonathan Martinez, who shares many variables that help increase retention and conversion.

While you can add some extra friction with questions to your lead form or onboarding flow, this will pay off big for your users’ overall experience.

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.

If you once had a Twitter Blue Check, lost it, but recently edited your bio and saw it reappear, you’re not alone. Amanda If you update your bio, you may find that the blue check appears again. It won’t last, but something about today’s LOL.

Prepare for Freevee – can this be a verb? Sarah Amazon is set to bring more than 100 Amazon originals to the free streaming service this year, he wrote.

And now here are five more for you:


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