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By
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Thursday, April 20, 2023
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Hello, and Happy Thursday. Just one more day to go for the workweek.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Haje
</a>
is in Boston taking fabulous photos of the activities going on at
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
TechCrunch Early Stage
</a>
today, so I’m holding down the fort. And I’m also mourning my
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
blue Twitter check mark
</a>
, which left me today. Enough about that. Let’s get on with the news! —
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Christine
</a>
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The TechCrunch Top 3
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<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Passwords are hard to remember
</strong>
</a>
: The company behind the encrypted email service Proton Mail has now unveiled the Proton Pass password manager so you don’t have to do any remembering.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Romain
</a>
has more.
</li>
<li style="margin-bottom: 8px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Don’t worry, this is a Primo tool
</strong>
</a>
: Also by
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Romain
</a>
, French startup Primo raised $3.4 million to continue developing an IT tool for companies that are too small for an IT manager.
</li>
<li style="margin-bottom: 8px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Blue skies, smiling at me
</strong>
</a>
: Bluesky, the Jack Dorsey–backed Twitter alternative, is now available on Android, writes
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Sarah
</a>
.
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<td style="font-family: Helvetica, Arial, sans-serif;">
<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">
Three former managing directors at Amex Ventures went out on their own to start Vesey Ventures, and now they have
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
closed on their debut fund
</a>
with $78 million in capital commitments to back early-stage fintech startups.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Mary Ann
</a>
has more on their journey.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Now over to CoreWeave, which landed a mega-round of
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
$221 million in Series B investment
</a>
, of which half came from lead investor Magnetar Capital.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kyle
</a>
writes that this values the general-purpose cloud computing company at $2 billion pre-money.
</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 SIX 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>
Game on
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Rita
</a>
peels back the layers of
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Bitkraft Ventures’ vision to invest in Asian gaming startups
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
A Robust view of robotics
</strong>
:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Robust.AI raised $20 million
</a>
to scale robot deliveries for pilot customers, reports
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Brian
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
From hospitality to fleet management
</strong>
: Two brothers in Senegal are putting their hospitality management skills to work helping trucking companies with their logistics. Their company,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Chargel, has now raised $2.5 million in seed funding
</a>
,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Annie
</a>
writes.
</li>
<li style="margin-bottom: 8px">
<strong>
Focus on mental health
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Tage
</a>
spoke with investors who say that if founder mental wellness is tied to innovation and success, then
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
there needs to be a light shown on it
</a>
, especially during this difficult capital crunch environment.
</li>
<li style="margin-bottom: 8px">
<strong>
It’s like Barbie’s Jeep, but in human size
</strong>
:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
French microcar startup Kate raised another $7.6 million
</a>
in its quest to produce more tiny electric vehicles, like its K1, reports
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Romain
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
We assure you, they’re real
</strong>
: Singapore-based document verifier
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Accredify is now flush with $7 million
</a>
to continue to tell you if your documents are real.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Catherine
</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">
4 problems venture capital can’t solve
</a>
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Fundraising is a key aspect of every founder’s journey, but Techstars managing director Collin Wallace says it can also hasten a company’s demise.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
For example, raising funds to scale up sales and marketing efforts might sound great, but what if the business itself has negative unit economics?
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
“Most of the time, what stands between a company and its ability to achieve scale is not a lack of money,” says Wallace.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
“It’s better to ask: Do we have hustle problems? Product problems? Process problems? People problems? Is my business model fundamentally flawed?”
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Two 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>
Ooey gooey pitch deck goodness
</strong>
: In the latest installment of
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Pitch Deck Teardown
</a>
,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Haje
</a>
looks at the pitch deck that got Honeycomb a $50 million Series D.
</li>
<li style="margin-bottom: 8px">
<strong>
Threading the needle
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Dominic-Madori
</a>
spoke with Lisa Lambert, the head of National Grid’s CVC National Grid Partners, who discussed that “
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
environmental and social concerns
</a>
should be top of mind right now for any smart investor.”
<strong>
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
</a>
</strong>
</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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<p style="font-size: 12px; color: #c6c6c6; font-weight: bold; padding-left: 20px; padding-right: 20px">
Image Credits: Oleksandr Shchus / Getty Images
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<h2 style="text-align: left; font-size: 25px; color: #14c435; margin: 0; padding-bottom: 10px;">
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">
SpaceX finally had liftoff of its Starship rocket, which went to orbit
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
for the first time
</a>
.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Darrell
</a>
writes that “all told, this should definitely be considered a success: SpaceX founder Elon Musk had said previously that there was essentially a significant chance Starship wouldn’t even make it off the pad on this first try.”
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Tricks are for kids, but in Discord’s case, tricks are for its new chatbot.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Lorenzo
</a>
reports that some users performed a trick called “jailbreaking” on Discord’s Clyde chatbot, getting it to
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
share napalm and meth instructions
</a>
.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
And now here’s 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>
Explicit content ahead
</strong>
:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Imgur will ban explicit images
</a>
on its platform,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Ivan
</a>
reports.
</li>
<li style="margin-bottom: 8px">
<strong>
From the mind of…
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kyle
</a>
writes about Google consolidating its AI research divisions into
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Google DeepMind
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
Getting a word in
</strong>
: It’s no secret that group chats tend to suck when there are more than about three people in one. A new app called
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Wavelength is trying to make group chats suck less
</a>
.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Ivan
</a>
has more.
</li>
<li style="margin-bottom: 8px">
<strong>
We got ourselves a convoy
</strong>
: Kodiak Robotics has a new gig to
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
haul freight autonomously for Tyson Foods
</a>
, reports
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Rebecca
</a>
.
</li>
<li style="margin-bottom: 8px">
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
<strong>
Respect my authoritah!
</strong>
</a>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Lauren
</a>
has details about
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Paramount allegedly owing Warner Bros. Discovery $52 million for “South Park” streaming rights
</a>
.
</li>
</ul>
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Newest Jobs from Crunchboard
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POLICY & RESEARCH ANALYST EDUCATIONAL EQUITY at Catalyst California (Los Angeles, CA, USA)
</a>
</li>
<li style="margin-bottom: 8px;">
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Computer, Networks and Emerging Technologies Instructor at Calbright College (Anywhere)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Lead Data Engineer at Brivo Systems LLC (Bethesda, MD, USA)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Senior Systems Performance Engineer at IEEE (Piscataway, NJ, USA)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Executive Director Business Architecture at Oregon State University (Corvallis, OR, USA)
</a>
</li>
</ul>
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<a style="color: #14c435; text-decoration: none; font-size: 22px; font-weight: bold;">
See more jobs on CrunchBoard
</a>
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Post your tech jobs
</a>
and reach millions of TechCrunch readers for only $200 per month.
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1 year, 7 months ago - newsletter@techcrunch.com
Proton releases end-to-end encrypted password manager for desktop and mobile
TechCrunch Newsletter By Christine Hall Thursday, April 20, 2023 Hello, and Happy Thursday. Just ...