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Hoooo boy. As Alex would say: This week has been an extended yr. You simply comprehend it has been a fairly wild experience when Meta can lay off 13% of its employees, and it isn’t even actually within the high 10 of loopy issues that occurred.
Gmail not allows you to use the previous interface, you retro-loving nerd, you. Salesforce did a spherical of layoffs, the DOJ seized $3.36 billion value of Silk Highway crypto, Binance stated it might purchase FTX, then backed out, inflicting Sequoia to write off its complete FTX funding. Theranos’s founder Elizabeth Holmes will discover out her lot subsequent week, whereas Peloton’s founder gave up on train gear and is promoting rugs now. Then there was a wall of Twitter drama, together with utter chaos with Twitter’s new “verified” system after it laid off half of its employees, earlier than rapidly making strikes to rent a few of them again. Oh, and we’re all #RatVerified 4lyf now, I suppose.
Could subsequent week be barely extra chill for you. It is going to be for Haje, who’s buggering off to go do some scuba diving for every week, and presumably trusting Apple together with his life within the course of. As he left for the day, he might be overheard muttering, “I hope there’s a little bit of web left after I come again.”
Take a breather, you possibly can at all times implode with stress subsequent week as an alternative. — Christine and Haje.
The TechCrunch High 3
- Solely the start, we concern: Should you’ve been following the entire FTX firm drama, then little question you’ve gotten a tackle as we speak’s massive story that the crypto trade founder and CEO Sam Bankman-Fried filed for Chapter 11 chapter and likewise resigned his place. This comes after SBF thought there was an opportunity to avoid wasting the corporate by different strategies, like a tie-up with Binance after which some liquidity. This has been a lot that Jacquelyn stated on CNBC this morning that everybody ought to put their crypto in their very own personal keys.
- All that back-and-forth is hurting our neck: We concern that Twitter builders have spent a lot of their 84-hour workweek flipping the “official badge” swap on and off to appease Elon Musk’s continually flip-flopping concepts. Natasha L has extra on what’s occurring.
- Potato, potahto, let’s name the entire thing off (and on once more): Ivan has the most effective headline all week — “Have you ever tried turning it on and off once more, Elon?” We’re nonetheless ready for that reply.
Startups and VC
Our complete information group are flopped over of their respective sofas, barely shell shocked after one of many wildest information weeks we’ve seen. You recognize, we’re so exhausted, we’re not even gonna write a correct intro. Right here, make your self a cup of tea and click on by these. Or don’t. You’re the grasp of your personal future.
Pitch Deck Teardown: Syneroid’s $500K seed deck
Picture Credit: GPC Sensible Tags (opens in a brand new window)
Stolen-vehicle restoration techniques have been out there for many years, however a misplaced pet has greater emotional stakes.
Based on Syneroid, a startup that makes sensible tags, 10 million pets are misplaced annually in america, however “lower than 30% are returned house.”
After elevating a $500,000 seed spherical, the corporate’s founders shared their 12-slide pitch deck with TechCrunch for a evaluate. Based on Haje Jan Kamps, “no info has been redacted or omitted.”
Three extra from the TC+ group:
TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You’ll be able to join right here. Use code “DC” for a 15% low cost on an annual subscription!
Massive Tech Inc.
Brian visited Amazon’s BOS27 robotics facility and never solely watched cute robots line up, but additionally realized concerning the supply big’s plans for world domination. Should you can’t inform by now, it entails robotics and the way Amazon goals to enhance the world of last-mile supply.
Want extra leisure? Right here’s 5 extra:
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