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Hello, you shining souls!
Thursday is upon us again. Have you noticed how Thursdays come with such alarming regularity? It sounds about once a week, but that’s unheard of. More research may be needed. Our amazing team of writers has some amazing news and analysis for you today.
Less our rant, more news. Let’s do this. – Christine And came
TechCrunch’s Top 3
- More to the story: Carly This month it followed the Twilio breach, which compromised the credentials of around 125 customers and companies. Well, the hackers went wild and now it looks like about 10,000 of their employees have been compromised, according to her latest story.
- Learn your lesson: Alchemy, a cryptocurrency developer platform, made its first purchase in ChainShot, a bootstrapped educational startup running coding bootcamps for web3 developers. Anita It has more.
- Weaving web 3 threads: such as Ingrid “There’s a lot of hype around Web3,” he notes, but building platforms in the space is still relatively new. That makes Third Web Bank’s $24 million in Series A funding a little interesting. The startup, now valued at $160 million, is creating a toolkit for easy development of Web 3 products and has gained significant reputational attention in just nine months.
Startups and VCs
cameThe Pitch Deck Teardown series continues, this time we take a look at the deck that helped Simba Chain raise a $20 million Series A. It’s available on TechCrunch+, which is our subscription product, but guess what – we were able to talk our subscription team into giving DailyCrunch readers a discount! Use promo code “DC” to get 15% off your annual subscription.
This week, we did an amazing TechCrunch Live with Benchling and Benchmark, where the team discussed why it’s important to build an incubator around your existing customers. The recordings are available now, and are worth watching and listening to; We learned a lot!
A few more launch highlights:
In a low market, good messaging is not enough to manage international teams.
Image Credits: Microman 6 (Opens in a new window) / Getty Images
Talent is spread across the globe, meaning startups that don’t respect cultural diversity are setting themselves up for failure.
Now that many startups are in cost-cutting mode, Sandbird CEO John S. Kim says it’s important to follow local laws and social norms when it comes to laying off employees.
After exiting two startups with international teams, he wrote a TC+ guest post to help founders communicate with employees during difficult times.
“A company has a responsibility not only to inform its employees about what’s going on, but also to act in a way that resonates with their respective audiences.”
(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can register here..)
Big Tech Inc.
Google says it has pulled more than 2,000 personal loan apps from the Play Store this year, amid India’s central bank taking predatory actions. Jagmet He wrote. The apps in question charge high fees, “push ethical boundaries” and, in some cases, “organizations are using the lending business to launder money for Chinese companies,” he said.
In the land of Instagram, the social media giant allows users to share posts, realties and locations using QR codes. Ivan Reports. Seems a lot easier than the other methods, including copying a post link, going to another app, posting there, and then posting, amirite? Additionally, Instagram now defaults to restrictive content for new users under the age of 16 and prompts existing teens. Sarah He wrote.
