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         Monday, May 08, 2023
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               Hello, and welcome to a new week.
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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">
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                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 <strong>
                  Price cut in aisle five
                 </strong>
                </a>
                : Invesco cuts Indian food delivery giant Swiggy’s valuation to $5.5 billion. In October, the
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 valuation was cut to $8 billion
                </a>
                .
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Manish
                </a>
                writes, “The recent valuation reductions bring a fresh perspective to the effects of waning global market conditions on Indian startups”; where funding was down, valuations didn’t follow.
               </li>
               <li style="margin-bottom: 8px">
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 <strong>
                  Bet paid off
                 </strong>
                </a>
                : Qualcomm acquires Autotalks, reportedly for $350 million to $400 million, to boost Snapdragon’s automotive safety technology.
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Ingrid
                </a>
                writes that this deal didn’t come as much of a surprise, noting, “In the world of advanced automotive technology, safety has become one of the most important issues, but also one of the most lucrative opportunities, in the building of autonomous and driver-assisted systems.”
               </li>
               <li style="margin-bottom: 8px">
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 <strong>
                  Don’t blink or you’ll miss it
                 </strong>
                </a>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Ingrid
                </a>
                also wrote about Go1, which acquired Blinkist, a speed reading app, with plans to expand enterprise learning.
               </li>
              </ul>
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              <h2 style="text-align: left; font-size: 25px; color: #14c435; margin: 0; padding-bottom: 10px;">
               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">
               When my husband and I bought our first house, we were eager to see builders break ground and get it built. Months later, we were still waiting in what the builder said was a municipality holdup — aka, permits weren’t being issued fast enough. After reporting on
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                PermitFlow’s new $5.5 million round
               </a>
               , I now know why this is a problem.
              </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">
                Natasha M
               </a>
               spoke to Mayfield’s Navin Chaddha about the
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                VC firm’s new $955 million fund
               </a>
               , writing that now that the firm is bigger — and busier— “the capital will be used to ramp up the firm’s investment cadence in a more realistic market. Chaddha also admits that Mayfield has missed out on a lot of opportunities because of high valuations, but that he’s okay with it.”
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               Now here’s four 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>
                 Looking for a place to park it
                </strong>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Manish
                </a>
                reports on
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 3one4 Capital’s new $200 million fund
                </a>
                , writing that while this is another Indian firm to raise a large fund, there are concerns that there aren’t enough early-stage companies to take on significant capital.
                <strong>
                </strong>
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 Legendary
                </strong>
                :
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 NFT spinoff from newspaper SCMP gets funded to tokenize historical artifacts
                </a>
                , writes
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Rita
                </a>
                .
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 On cloud nine
                </strong>
                : Antimetal now has $4.3 million in fresh capital to
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 root out cloud cost inefficiencies
                </a>
                ,
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Ron
                </a>
                reports.
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 Taking on the open seas
                </strong>
                :
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 Navier’s electric hydrofoiling boat
                </a>
                is trying its luck over on the West Coast to line up its first pilot programs.
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 Devin
                </a>
                has more.
               </li>
              </ul>
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              <h2 style="text-align: left; font-size: 25px; color: #14c435; margin: 0; padding-bottom: 10px;">
               <a style="color: #14c435; text-decoration: none" target="_blank">
                NFX’s James Currier: Where unicorn ideas come from and why founders ‘have to keep pivoting’
               </a>
              </h2>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               Are you a seed-stage founder who’s building a unicorn?
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               NFX founding partner James Currier would like to save you some time: Startups that grow into billion-dollar companies have three basic forms of defensibility:
              </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">
                Network effects: Your product becomes more valuable as more people use it.
               </li>
               <li style="margin-bottom: 8px">
                Embedding: Integrate your services so deeply, customers “cannot rip them out.”
               </li>
               <li style="margin-bottom: 8px">
                Data loops: Gather, process and act on real-time data.
               </li>
              </ul>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               “This is really only talking about world-changing, big-ass businesses with a lot of impact that could be a billion dollars or more in value,” he said at TechCrunch Early Stage last month.
              </p>
              <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>
                 Strike!
                </strong>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Alex
                </a>
                writes that
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 tech workers could take labor lessons from Hollywood’s writers
                </a>
                .
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 Kismet
                </strong>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Haje
                </a>
                writes that
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 to find the right investors for your startup
                </a>
                , it’s about timing.
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 Wind blows, fire burns
                </strong>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Becca
                </a>
                looks into
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 VC interest in wildfire tech
                </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="NFX’s James Currier: Where unicorn ideas come from and why founders ‘have to keep pivoting’ image" class="img-max" src="https://inboxflows.com/_/image/https%253A%252F%252Ftechcrunch.com%252Fwp-content%252Fuploads%252F2023%252F04%252FTC-Early-Stage-2023-128.jpg%253Fw%253D680/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0ZWNoY3J1bmNoLiJ9:1pw8wZ:gmj1jx5ITJNwXws65fmNA3MZYIj9Qegnv1Zx1kkXTNM" style="display: block; font-family: sans-serif; font-size: 16px; color: #fff; height: auto;" width="600"/>
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            Image Credits: Haje Kamps / TechCrunch
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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">
               Hey, Twitter users, your follower count is about to drop, according to Elon Musk.
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Sarah
               </a>
               reports that
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                Twitter will purge old accounts
               </a>
               that haven’t tweeted in a while. The good news is that you might be able to get a better username, depending on which account it is. Happy hunting! Also in bird news,
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Ivan
               </a>
               writes that the social media giant is discussing
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                a cheaper organizational verification plan
               </a>
               .
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               We loved
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Connie
               </a>
               ’s story over the weekend about a New York Times reporter’s close encounters with
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                Elizabeth Holmes, who, left to her own devices
               </a>
               , apparently can still suck people in.
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               And here’s four 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>
                 Resuscitating
                </strong>
                : NextGen Healthcare confirms
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 hackers accessed personal data of more than 1 million patients
                </a>
                ,
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Carly
                </a>
                reports. Meanwhile, over at Western Digital, the company had to
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 tell customers that hackers stole their data
                </a>
                .
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Lorenzo
                </a>
                has more.
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 Alert!
                </strong>
                : Samsung is celebrating after
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 receiving FDA clearance
                </a>
                for its Irregular Heart Rhythm Notification feature for the Galaxy Watch, writes
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Aisha
                </a>
                .
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 “It’s lonely out in space”
                </strong>
                :
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 Virgin Galactic said it will make a triumphant return
                </a>
                with a crewed flight at the end of May,
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Aria
                </a>
                reports. Also check out her
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 TC+ story on space startups
                </a>
                .
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 Switch-a-roo
                </strong>
                : Volkswagen is making some
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 personnel changes at Cariad — again
                </a>
                .
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Kirsten
                </a>
                has  more.
               </li>
              </ul>
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               <em>
                Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there’s something for everyone at Disrupt. Save up to $800 when you buy your pass now through May 15, and save 15% on top of that with promo code DC.
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            Newest Jobs from Crunchboard
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                <a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
                 Senior Full Stack Developer at AAOS (Rosemont, IL, USA)
                </a>
               </li>
               <li style="margin-bottom: 8px;">
                <a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
                 Chief Scientist at Afiniti (Washington, D.C., USA)
                </a>
               </li>
               <li style="margin-bottom: 8px;">
                <a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
                 Senior Software Engineer, Backend Services at Glympse (Anywhere)
                </a>
               </li>
               <li style="margin-bottom: 8px;">
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                 Senior Manager of Business Operations at MD Ally Technologies, Inc. (Anywhere)
                </a>
               </li>
               <li style="margin-bottom: 8px;">
                <a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
                 Senior Business Process Specialist - Finance at Pennsylvania Turnpike Commission (King of Prussia, PA, USA)
                </a>
               </li>
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                See more jobs on CrunchBoard
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               <a style="color: #14c435; text-decoration: none" target="_blank">
                Post your tech jobs
               </a>
               and reach millions of TechCrunch readers for only $200 per month.
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