Dronamics has filed a $40M pre-Series A for cargo drones that ‘could cross all of Europe in 12 hours or less’. • TechCrunch

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all right, right now It’s Friday. Do you have any fun plans for the long weekend? Haje is on her way home (ugh), and Christine is browsing gifs of puppies until her battery dies. in case.

Most people aren’t straight-up racists, but unconscious bias creeps into our brains in all sorts of nasty and insidious little ways. There are stereotypes and prejudices, and knowing yours is a good place to start. The Cornerstone Foundation has a free 30-minute course you can take to uncover and work on them.

Have a great Monday and we hope you don’t miss too much as we leave for the holidays. Look for our return on Tuesday. – Christine And came

TechCrunch’s Top 3

  • It’s a bird, it’s a plane, it’s a drone.: Dronamics has raised $40 million in a pre-series one round (or a really big seed round if you want to look at it that way) to launch an autonomous cargo drone airline in Europe; Mike He wrote. He also has some ambitious goals: The CEO says he can deliver from one warehouse to all of Europe in one day.
  • Prepared in advanceSome Disney+ Hotstar customers were not too happy when the stream went down in the middle of a popular cricket match. Manish It has more details, including that this type of thing is not an isolated incident.
  • Pointing fingers: Carly And Zach Atlassian and Messenger have reportedly blamed each other for the data breach that exposed the data of thousands of Atlassian employees.

Startups and VCs

With so many fintechs laying off workers, it might be easy to assume that the entire industry is in trouble, but that’s not the case. In fact, some companies are facing mass layoffs. Mary Ann He gets it. Who is hiring? Meanwhile, Natasha M And Alisa We’ve put together a comprehensive list of 2023 tech cuts.

The US Securities and Exchange Commission has charged the collapsed blockchain company and stablecoin operator Terraform Labs and its founder Do Kwon with defrauding US investors who bought TerraDollar and Luna Digital assets. Kate Reports.

And we have five more for you:

So the founder you’re supporting turns out to be problematic. what now

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

Even when things go offline, early-stage investors don’t closely manage the entrepreneurs who wash them with cash. And in some cases, they can’t exercise much power.

When a VC is supposed to invest in a safe note, “if that stake doesn’t turn into equity, they don’t have much say if things start to go wrong,” reports Rebecca Szkutak.

To learn more about how investors handle troubled CEOs, she spoke to:

  • Cameron Newton, Founder and General Partner, Related Ventures
  • Eric Bahn, Co-Founder and General Partner, Hustle Fund
  • Angela Lee, Venture Partner, Professor, Columbia Business School

We have a few extras for the weekend:

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.

The pandemic has forced us to look for new ways to collaborate in remote workplaces, and some companies have been able to capitalize on the demand. Rita According to the report, ByteDance’s Slack-like tool is one of them, and will generate $100 million by 2022. She wrote, “Bytedance’s significant investment in Feishu speaks volumes for the state of enterprise software in China. While Silicon Valley investors are heralding product-driven growth — services that convert users to their products, in the example of Calendly — software in China still focuses on sales, marketing and services to recruit users.

Now here are five more for you:



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