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By
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Christine Hall
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and
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Haje Jan Kamps
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Tuesday, April 25, 2023
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Oh heeeeeey. We’re back with another crunchy edition of our Tues-daily Crunch.
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With Early Stage behind us, we’re setting our sights on our Disrupt event that’s coming up — and
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Alex
</a>
just shared
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
the agenda for the Builders Stage
</a>
. Come check it out — and get your tickets for Disrupt sooner rather than later!
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Our favorite story this morning was
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Rebecca
</a>
admitting she
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
actually had fun at Fatboy Slim’s metaverse rave
</a>
, and now we’re regretting that we missed it.
</p>
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—
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Christine
</a>
and
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Haje
</a>
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The TechCrunch Top 3
</h2>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
This is only a test
</strong>
</a>
: Yesterday, Elon Musk tweeted a photo of his Twitter account, which seemed to show Musk also logged into another account that looked like @ErmnMusk with the name “Elon Test.” Is this a burner account? We don’t know.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Amanda
</a>
has more.
</li>
<li style="margin-bottom: 8px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Another car bites the dust
</strong>
</a>
: When other carmakers are saying “the more the merrier” when it comes to building electric vehicles, General Motors is “bolt”ing for the door on a few of its models.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kirsten
</a>
reports that GM is killing off both the Chevy Bolt and Bolt EUV in favor of other EVs.
</li>
<li style="margin-bottom: 8px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Fly me to the moon
</strong>
</a>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Aria
</a>
and
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Devin
</a>
have been monitoring ispace, a Japanese company that
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
attempted to land on the moon for the first time
</a>
. Unfortunately, ispace lost contact with its lunar lander just moments before it was supposed to make the landing.
</li>
</ul>
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Startups and VC
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Data is becoming as precious as water in precision agriculture, and Hydrosat aims to help provide both with a new set of Earth-observation satellites,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Stefanie
</a>
reports. The company has
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
raised a $20 million Series A round, including $5 million in non-dilutive funding
</a>
, which should put the first two thermal infrared satellites into orbit.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Survey a lot of industrial warehouses and you’ll see a lot of cages. It’s a safety thing — effectively a way of ensuring that robots don’t accidentally hurt people. They’re big, fast and made of metal. We’re small, squishy and don’t always look where we should,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Brian
</a>
explains. It’s not a perfect solution, but it’s the best we’ve had for a long time — until
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
robotics safety firm Veo raised $29 million,
</a>
with help from Amazon, that is.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Heavy on the AI news today. Here’s a fistful of tasty snacks for ya:
</p>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<strong>
Hard on the brakes
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Mary Ann
</a>
reports that RapidAPI, valued at $1 billion last year,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
cuts staff by 50%
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
In summary…
</strong>
:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
News app Artifact can now summarize stories using AI,
</a>
including in fun styles such as “explain it like I’m five,” or just in emoji,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Sarah
</a>
reports.
</li>
<li style="margin-bottom: 8px">
<strong>
Now here you go again, you say you want your freedom. Well, who am I to keep you down?
</strong>
: AI app
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Petey uses ChatGPT to make Apple Music playlists
</a>
for you,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Sarah
</a>
reports.
</li>
<li style="margin-bottom: 8px">
<strong>
AI takes to the big blue sea
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Catherine
</a>
reports that
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Greywing’s new SeaGPT solves email overwhelm for maritime crew managers
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
I bet that’ll pay off
</strong>
:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Yahoo acquires social sports betting app Wagr
</a>
, reports
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Paul
</a>
.
</li>
</ul>
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<a style="color: #14c435; text-decoration: none" target="_blank">
How to pitch me: 5 investors discuss what they’re looking for in April 2023
</a>
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Walter Thompson asked five investors to share some frank advice for first-timers and found that most aspiring founders are probably not yet ready to pitch an investor.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
If you haven’t spoken to scores of customers, or created a contact spreadsheet for at least 25 investors who’ve backed companies like yours, for example, it’s too soon.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
And if your team added “AI” to the pitch deck to make it more appealing, here’s some more bad news: FOMO is passé, and due diligence is the new black.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Here’s who participated in this month’s investor Q&A:
</p>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Rudina Seseri
</a>
, founder and managing partner, Glasswing Ventures
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Patrick Salyer
</a>
, partner, Mayfield Fund
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Josh Constine
</a>
, venture partner, SignalFire
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Alexa von Tobel
</a>
, managing partner, Inspired Capital
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Oren Yunger
</a>
, partner, GGV Capital
</li>
</ul>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Three more from the TC+ team:
</p>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<strong>
Erm, where are the exits?
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Alex
</a>
observes that for the VC/startup ecosystem to work, we need exits, and big ones. He argues that it’s
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
beyond time we started worrying about unicorn exits
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
You’re making a mess of it…
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Tim
</a>
asks, “How much does your company pollute?” and explores how
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
CarbonChain’s $10 million Series A
</a>
is here to help answer that very question.
</li>
<li style="margin-bottom: 8px">
<strong>
The dominoes, they wobble
</strong>
:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
First Republic’s results are proof that the SVB meltdown was brutal for smaller banks
</a>
, writes
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Alex
</a>
.
</li>
</ul>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<em>
TechCrunch+
</em>
</a>
<em>
is our membership program that helps founders and startup teams get ahead of the pack.
</em>
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<em>
You can sign up here
</em>
</a>
<em>
. Use code “DC” for a 15% discount on an annual subscription!
</em>
</p>
<p style="text-align: left; color: #333; font-size: 19px; font-weight: bold; line-height: 26px; margin: 35px 0 15px;">
<a style="background: #14c435; color: white; padding: 12px 18px; text-decoration: none" target="_blank">
Read More
</a>
</p>
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<img alt="How to pitch me: 5 investors discuss what they’re looking for in April 2023 image" class="img-max" src="https://inboxflows.com/_/image/https%253A%252F%252Ftechcrunch.com%252Fwp-content%252Fuploads%252F2023%252F04%252FGettyImages-1393860224.jpg%253Fw%253D680/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0ZWNoY3J1bmNoLiJ9:1prQks:KMz1sPKR61IdXxsAA6-QmiGI8WaLTRZGQK-pmj9XHJ8" style="display: block; font-family: sans-serif; font-size: 16px; color: #fff; height: auto;" width="600"/>
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Image Credits: MirageC / Getty Images
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Big Tech Inc.
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Mark Zuckerberg announced that
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
WhatsApp is rolling out multi-device support
</a>
, and users can log into the same WhatsApp account on up to four phones,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Ivan
</a>
reports. Meta has been testing this feature since 2021.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Meanwhile,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kyle
</a>
writes that in pursuit of “safer” text-generating models,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Nvidia released a toolkit called NeMo Guardrails
</a>
to make AI-powered apps more “accurate, appropriate, on topic and secure.”
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
And we have five more for you:
</p>
<ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
<li style="margin-bottom: 8px">
<strong>
We’re not gonna take it
</strong>
: That’s what crypto exchange Coinbase is saying.
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Coinbase sued the U.S. Securities and Exchange Commission
</a>
so that the SEC would respond to a months-old petition asking whether the securities regulator would allow the industry to be regulated using existing SEC frameworks.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Manish
</a>
has more.
</li>
<li style="margin-bottom: 8px">
<strong>
Join or else
</strong>
: India is promoting the adoption of its open e-commerce network and wants e-commerce giants to join in.
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
It won’t take no for an answer
</a>
and is prepared to put the “full force of the government” behind the efforts,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Manish
</a>
writes.
</li>
<li style="margin-bottom: 8px">
<strong>
Report or else
</strong>
: Nineteen platforms
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
must report algorithmic risks
</a>
under Europe’s Digital Services Act.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Natasha L
</a>
has more.
</li>
<li style="margin-bottom: 8px">
<strong>
Free fallin’
</strong>
: In Spotify news,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Paul
</a>
reports that the streaming music giant
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
now has more than 500 million users
</a>
, but the number of paid subscribers is shrinking. Then
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Sarah
</a>
takes a deeper dive into the company’s first-quarter earnings. She writes that
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Spotify’s CEO said AI progress is both “really cool and scary,”
</a>
and may pose a risk to the creative industry.
</li>
<li style="margin-bottom: 8px">
<strong>
Chat GPT everything, everywhere, all at once
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kyle
</a>
wrote two stories about ChatGPT, including how
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
OpenAI previews its business plan for ChatGPT
</a>
, while
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Hugging Face releases its own version of ChatGPT
</a>
. Meanwhile,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Connie
</a>
reports that so many entities want to bank off the term “GPT” that it
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
may be trademarked soon if OpenAI has its way
</a>
.
</li>
</ul>
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Newest Jobs from Crunchboard
</h2>
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<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Full Stack Software Engineer, Mid Level at JobTarget (Stamford, CT, USA)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Freelance AI Application Developer Creator Program: Cohort 4 at Contra (Anywhere)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Freelance Engineer Creator Program Cohort 4 at Contra (Anywhere)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Applications Engineer III-MS Endpoint/Intune at Orrick, Herrington & Sutcliffe LLP (Wheeling, WV, USA)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Lead Research Engineer at Murmuration (USA)
</a>
</li>
</ul>
<p style="margin-top: 50px; margin-bottom: 30px; text-align: center; font-family: Helvetica, Arial;">
<a style="color: #14c435; text-decoration: none; font-size: 22px; font-weight: bold;">
See more jobs on CrunchBoard
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and reach millions of TechCrunch readers for only $200 per month.
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1 year, 7 months ago - newsletter@techcrunch.com
Did Elon Musk unwittingly expose his alt Twitter account, or are we being trolled again?
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