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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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         Monday, August 29, 2022
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               Good morning, you crunchy ol’ pirates. Good to see you again, and hope you had a swell weekend. On Wednesday, we’re hosting a healthcare-focused TechCrunch Live. It’ll be fun!
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                Tune in here
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                be part of the 2-minute pitch practice
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               , Haje will be on the lookout for your applications.
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               Now, grab yourself a glass of water, and settle in with some tech-newsy goodness from the TC team! —
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               and
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                 <strong>
                  Order up
                 </strong>
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                : Meta
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 joined forces
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                with Reliance Retail and Jio Platforms two years ago to test grocery shopping on WhatsApp in India, and
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 Manish
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                and
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Jagmeet
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                write that customers can now “browse JioMart’s entire grocery catalog on WhatsApp, add items to a cart and make the payments via local payments rail UPI without ever leaving the instant messaging service.”
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                 <strong>
                  Welcome back
                 </strong>
                </a>
                : Former Amplify co-founder and CEO Segun Adeyemi is back with Anchor, a banking-as-a-service startup that is helping businesses offer financial products in Nigeria and across Africa. It also caught the eye of Y Combinator and other investors, who put in over $1 million,
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Tage
                </a>
                reports.
               </li>
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                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 <strong>
                  Hail to the chief
                 </strong>
                </a>
                : Speaking of YC,
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Mary Ann
                </a>
                and
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Natasha M
                </a>
                paired up to report on today’s surprise news that Initialized Capital founder Garry Tan is going to be the accelerator giant’s next president and CEO.
               </li>
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                Alert! Labor Day Sale Is Here - TechCrunch Disrupt 2022
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               Sponsored by
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                TechCrunch
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                We’re rolling back #Disrupt2022 pass prices this Labor Day! Grab your passes now to the most iconic startup ecosystem conference in the world from Oct 18-20 in San Fran and Oct 21 online! Starting prices are back down to $195 but are set to rise again Sept. 6 at 11:59pm PT!
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                Save Now
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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">
               As we all know, the housing market goes through cycles. Low interest rates mean more purchases and refinances. Higher interest rates mean far fewer purchases and refinances — and lots of business for fintechs operating in the real estate industry,
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Mary Ann
               </a>
               writes in
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                this week’s issue of the Interchange, our fintech newsletter
               </a>
               .
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               Kli Capital was your average family office headed up by a former tech entrepreneur looking to opportunistically back a new fleet of founders.
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Becca
               </a>
               reports that the firm changed gears in
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                the firm’s third fund, as it evolved into a multi-LP fund
               </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">
                <strong>
                 From chillcore to core chill
                </strong>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Ivan
                </a>
                reports that music streaming service
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Deezer is testing a meditation app
                </a>
                .
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 A stroke of genius
                </strong>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Health tech startup Neurofenix puts a new spin on home stroke rehabilitation
                </a>
                with the NeuroBall,
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Devin
                </a>
                reports.
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 Soaring highs, cutting lows
                </strong>
                : Just five months after
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 fintech Argyle raised a $55 million round,
                </a>
                the startup cuts a bunch of jobs,
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Natasha M
                </a>
                reports.
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 Into the sea, you and me
                </strong>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Mermade Seafoods swims in cell agriculture waters
                </a>
                to make cultivated scallops,
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Christine
                </a>
                reports.
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 A test of the times
                </strong>
                : African genomics startup
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 54gene lays off 95 employees
                </a>
                as its COVID testing business struggles,
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Tage
                </a>
                reports.
               </li>
              </ul>
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               <a style="color: #14c435; text-decoration: none" target="_blank">
                A Gen Z VC speaks up: Why Gen Z VCs are trash
               </a>
              </h2>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               Tech investors born after 1996 “have raised funds, garnered social media followings and profited from the Gen Z mentality,” says Andrew Chan, a senior associate at Builders VC.
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               However, “Gen Z, no matter how you slice it, are still a bunch of kids. Myself included,” he notes in a TC+ guest post. “Good for them. I don’t want to be any part of it.”
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               Chan says too many investors in his age cohort rely on “youth, group-think identification and confidence as a substitute for hard work and experience.”
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               “It might work for now, but if that’s success for my generation of venture capitalists, then I would have rather stayed in my happy little bubble writing geochemistry code at NASA JPL.”
              </p>
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                (TechCrunch+ is our membership program, which helps founders and startup teams get ahead.
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                 You can sign up here
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               Big Tech Inc.
              </h2>
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               If you like earbuds that glow, you will enjoy
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Haje
               </a>
               ’s review of Angry Miao’s
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                Cyberblade gaming earbuds
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               . We think “these are some of the best-manufactured in-ear headphones I’ve ever seen” pretty much sums it up.
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               Remember the vintage
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                Apple iMac Blueberry
               </a>
               ? That’s what the back of the
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                new Aston Martin Valhalla
               </a>
               reminds us of. For true car connoisseurs,
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Jaclyn
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               writes this high-performance vehicle is being used to “develop a playbook for its future EVs.”
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                 Can’t buy me love
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                : Four years later, Facebook seems ready to
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                 settle the Cambridge Analytica lawsuit
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                ,
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Natasha L
                </a>
                reports. For those of you who don’t recall, that was related to user data that was allegedly shared illegally.
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                <strong>
                 Biting into Apple
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                : Meanwhile, Apple may need to get its lawyers ready.
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                 Sarah
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                reports that the U.S. Justice Department is preparing to
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                 file an antitrust lawsuit against Apple
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                .
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                 The ads are here
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                : It looks like
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                 Netflix’s ad-supported plan
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                will run you a cool $7 per month,
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                 Ivan
                </a>
                writes. Get ready for four minutes of commercials in an hour-long show.
               </li>
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                <strong>
                 Light ’em up
                </strong>
                : Honda and LG Energy have plans to build a $4.4 billion
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 lithium-ion plant
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                somewhere in the U.S.,
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                 Jaclyn
                </a>
                reports.
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                <strong>
                 No copycat here
                </strong>
                : There’s been a number of apps trying to replicate BeReal’s experience, but
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                 Amanda
                </a>
                writes that
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                 Snapchat’s Dual camera feature
                </a>
                doesn’t really fall into that category.
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