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By
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Christine Hall
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and
<a style="font-family: Helvetica, Arial; color: #14c435; text-decoration: none;" target="_blank">
Haje Jan Kamps
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Wednesday, March 15, 2023
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Hellooooo, and welcome to the Wednesday Crunch!
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
SVB’s new CEO Tim Mayopoulos has had a lot to say in the 24 hours since he joined the bank on Monday. In a private Zoom meeting run by SVB for a select number of LPs and investors,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
he asked clients to return deposits
</a>
to the institution,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Natasha M
</a>
reports.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
With much love from
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Christine
</a>
and
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Haje
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The TechCrunch Top 3
</h2>
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<strong>
Mint-y acquisition
</strong>
</a>
: The big news for today is that T-Mobile is acquiring Mint Mobile’s parent company — you know, the company that Ryan Reynolds has a stake in — in a deal valued at $1.35 billion.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Aisha
</a>
notes that this “move indicates that T-Mobile is looking to boost its prepaid offerings.”
</li>
<li style="margin-bottom: 8px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
I know you are, but what am I?
</strong>
</a>
: Well, if you ask OpenAI’s Greg Brockman, GPT-4 isn’t perfect, but neither are you,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kyle
</a>
writes. Ouch.
</li>
<li style="margin-bottom: 8px">
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
<strong>
Talk about timing
</strong>
</a>
: On the back of OpenAI announcing its
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
new GPT-4 model
</a>
, Quora announces Poe, its own chatbot offering, which is launching subscriptions to let you chat with a GPT-4-powered bot,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Ivan
</a>
reports.
</li>
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<h2 style="text-align: left; font-size: 25px; color: #777; margin: 0;">
<a style="color: #777; text-decoration: none" target="_blank">
SOC It 2 Me! The InfoSec Compliance Guide You Need to Win Deals
</a>
</h2>
<h3 style="margin: 0; margin-top: 6px; margin-bottom: 8px; color: #14c435; font-family: Helvetica, Arial; font-size: 20px; font-weight: normal;">
Sponsored by
<a style="color: #14c435; text-decoration: none" target="_blank">
Laika Inc.
</a>
</h3>
<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; text-align: left; text-decoration: none; color: #333; font-size: 19px; line-height: 27px; margin: 0; margin-bottom: 15px" target="_blank">
SOC 2 compliance is a must for many customers, especially as you move upmarket, but navigating the journey to an audit can be complex. Grab Laika’s SOC 2 Guide to learn about everything you need to know, including time, cost, steps, and scope.
</a>
</p>
<p style="text-align: left; color: #333; font-size: 19px; font-weight: bold; line-height: 26px; margin: 35px 0 15px;">
<a style="background: #777; color: white; padding: 12px 18px; text-decoration: none" target="_blank">
Download Here
</a>
</p>
</td>
</tr>
</table>
</td>
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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">
There’s no shortage of startups attempting to put drones to work. There is, however, a long-standing question around the efficacy of such plans. Drones — especially the smaller variety — are impressive pieces of technology, but their functionality is relatively limited. A small quadcopter probably isn’t going to prune your trees or walk your dog anytime soon,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Brian
</a>
writes. One thing they can do exceptionally well, however, is imaging.
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Verity raises $32 million as Ikea stores deploy its inventory drones
</a>
.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
To celebrate Wednesday, here are some alluring alliterations:
</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>
Ride-share roll-up
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Romain
</a>
reports that
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
BlaBlaCar is to acquire Klaxit
</a>
, a ride-sharing service for daily commutes.
</li>
<li style="margin-bottom: 8px">
<strong>
Scam security show-off
</strong>
: Once scammed for ten grand,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
this VC is building a crypto security vault
</a>
, reports
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Rita
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
Watching wildfire worries
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Brian
</a>
reports that Torch is building
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
solar-powered outdoor sensors to spot wildfires early
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
Hiring healthcare helpers
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Paul
</a>
reports that
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Medwing, a recruitment marketplace for Europe’s healthcare workforce, raises $47 million
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
Assisting AI archetypes
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Kyle
</a>
writes that OpenAI hopes to
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
crowdsource AI model testing with Evals
</a>
.
</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">
Zero-based budgeting: A proven framework for extending runway
</a>
</h2>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
It’s critical to extend runway in this environment, but pulling back too much in the wrong places can reduce momentum across your entire organization.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Instead of simply trimming a little off the top, more startups are turning to zero-based budgeting, an aggressive tactic where founders return to Square One “every budget period to verify all of the line items are relevant and cost-effective,” writes FP&A analyst Healy Jones.
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
“The best founders look for a framework to strategically cut burn while keeping their startup’s value drivers functioning.”
</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>
You can’t stop the robots
</strong>
: AI’s ascendance seems
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
unfazed by SVB mess
</a>
by
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Alex
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
We need a minute
</strong>
: “Trust is a hard thing to earn”:
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
SVB’s closure could disproportionately affect Black founders
</a>
, writes
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Dominic-Madori
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
From chaos, order
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Jacquelyn
</a>
writes that chaos in U.S. banks could
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
push the crypto industry toward decentralization
</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>
</td>
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<td align="center" bgcolor="#ffffff">
<img alt="Zero-based budgeting: A proven framework for extending runway image" class="img-max" src="https://inboxflows.com/_/image/https%253A%252F%252Ftechcrunch.com%252Fwp-content%252Fuploads%252F2023%252F03%252FGettyImages-1360711872.jpg%253Fw%253D680/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZ0ZWNoY3J1bmNoLiJ9:1pcZCY:zbIX15bYPfu7v7acXxogT5__lEkHRLiG64xhGoV8lN0" style="display: block; font-family: sans-serif; font-size: 16px; color: #fff; height: auto;" width="600"/>
<p style="font-size: 12px; color: #c6c6c6; font-weight: bold; padding-left: 20px; padding-right: 20px">
Image Credits: Getty Images
</p>
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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">
Today’s Big Tech theme seems to be “ways to do something easier.” First up is GitHub, which created its own set of guidelines around
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
setting up open source program offices
</a>
.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Paul
</a>
writes that companies trying to stay on top of open source compliance, security, and so on, will soon find this is a challenge, hence the open source program office “emerging as a staple part of the modern corporation, formalizing what might previously have been a loose collective of employees spanning myriad departments and roles.”
</p>
<p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
Next we go over to Waze. If you have an electric vehicle, you are going to want to come closer.
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Ivan
</a>
reports that Waze has a
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
new feature that tells EV owners where compatible charging points
</a>
are along their route.
</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>
Crackberry on the big screen
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Matt
</a>
is bringing us all back to the late 1990s with a look at the trailer for the new
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
“BlackBerry” movie
</a>
.
</li>
<li style="margin-bottom: 8px">
<strong>
Sarcasm clouds ahead
</strong>
: If you like your weather with a dose of insults,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Carrot Weather’s new chatbot
</a>
with a ChatGPT update will deliver,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Lauren
</a>
reports.
</li>
<li style="margin-bottom: 8px">
<strong>
Signal lost
</strong>
:
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Carly
</a>
writes that two weeks later,
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Dish customers are still looking for answers
</a>
as the satellite company’s ransomware fallout continues.
</li>
<li style="margin-bottom: 8px">
<strong>
Buckle up
</strong>
: A European court delivered another blow to Meta, ruling that
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
Facebook’s behavioral ads lacked legal basis
</a>
.
<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>
We don’t need no stinkin’ solar panels
</strong>
: Tesla’s
<a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
new home battery
</a>
now comes without the solar panels,
<a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
Harri
</a>
writes.
</li>
</ul>
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<p style="font-size: 25px; font-weight: bold; line-height: 25px;">
<a style="color: #14c435; text-decoration: none;" target="_blank">
Read more stories on TechCrunch.com
</a>
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<h2 style="font-family: Helvetica, Arial; font-size: 25px; font-weight: bold; color: #fff">
Newest Jobs from Crunchboard
</h2>
</td>
</tr>
<tr>
<td align="center" bgcolor="#ffffff" style="padding: 25px;">
<table border="0" cellpadding="0" cellspacing="0" width="100%">
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<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: #333; font-weight: bold; text-decoration: none;">
Senior Full Stack Developer at Moseley Technical Services (Huntsville, AL, USA)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Business Intelligence Analyst at Creatd, Inc. (New York City, NY, USA)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Systems Administrator at Pennsylvania Turnpike Commission (Middletown, PA, United States)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Sr BI Developer at Global Lending Services (Greenville, SC, USA)
</a>
</li>
<li style="margin-bottom: 8px;">
<a style="font-family: Helvetica, Arial; color: #333; font-weight: bold; text-decoration: none;">
Database Administrator at ALOM TECHNOLOGIES CORPORATION (Fremont, CA, 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
</a>
</p>
<p style="font-family: Helvetica, Arial; text-align: left; color: #333; font-size: 19px; line-height: 27px; margin: 0; margin-bottom: 15px">
<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.
</p>
</td>
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2 years, 2 months ago - newsletter@techcrunch.com
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