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Welcome to the Daily Crunch on Wednesday, April 6, 2022! Pinterest today announced that it is banning all climate change misinformation from its platform and we can tell about the time! Follow all other platforms.
And while we’re in our little soapbox: The earth isn’t flat and vaccines have little effect on your 5G intake. it’s a shame because we Yet Can’t find more than a few bars in supermarkets.
Vanity Kip top 3
- Sources say Better.com is losing “$50 million a month.”: We think reporter Mary Ann Azevedo did a great job following the Better.com drama. In the latest episode, sources reveal some details of her internal meetings that the digital mortgage lender is losing “about $50 million a month.” Not surprisingly, the company is now offering severance pay to employees it hasn’t fired yet. There’s a town hall meeting today, so Mary Ann will have something to say in the coming days.
- Navigating the rough seas of e-commerce: As reporter Ingrid Lunden writes, “E-commerce is synonymous with shopping on Amazon, but the reality is that a retailer has the ability to use a range of different channels to sell and promote products.” ProductUp aims to help retailers understand this complex and fragmented world with a variety of marketing and sales tools that you can manage from one place.
- Yes, Twitter sees the edit button: We’ve already played this edit button thing, but even after that joked about it last weekTwitter now says it’s been working on the edit button for the past year, and it wasn’t because Elon Musk ran the poll. To Edit or Not to Edit TC has been fodder for Slack this week and people seem to be expecting one of two scenarios: typos will be fixed or misinformation will prevail.
Startups and venture capitalists
gaming-updates is the size of Texas today, with our first City Spotlight planned for 2022, and we’re doing our best to keep Austin connected. Connie talks to billionaire investor Jim Breyer about why he left Silicon Valley for Austin, Brian sees how global politics and finance can boost manufacturing in central Texas, Laura Lorek on Austin tech fan Whirley, and Mary Ann on profile yoga. How Austin reinvented itself and earned its current reputation as a technology hub.
Outside of the Lone Star State, it’s been a big day of EV news. Rivian is celebrating a production milestone that allows them to reach their 2022 targets, which is great news for me as it could mean that at some point I’ll clear the waiting list and get one of the SUV pickups. Of course, I have to go to the local Whole Foods store. General Motors finally sorted out its supply chain issues and 141,000 bolt recalls and restarted its assembly line. And the US government has finally realized that if it wants to go completely electric, it will have 99,000 problems in the form of a severe shortage of charging stations to power all the vehicles it wants to drive.
Moar News, the source for breaking news and delightful commentary:
- I’m too sexy for Milan, New York and Hangzhou.: Zhiyi Tech raises $100 million to help fashion brands predict bestsellers.
- You spin me baby, spin me like a rocket baby SpinLaunch is conducting NASA test missions to demonstrate its unique launch method.
- Know when to run Know when to runLearning is more than just failure, and in the latest edition of the TC Equity podcast, the team discusses why failure is an adventure you can take as a startup.
- Dollar is what I want (hey hey): Docyt raises $11.5M Series A for its AI-powered accounting automation service.
- no jane internet ryanStackblitz: Stackblitz is raising $7.9 million to improve the IDE for your browser.
- Blip-boop, that’s the voice of the police:ready wants to bring the American 911 system into the modern era.
- sign me up as one of your french grills: OpenAI’s new DALL-E model appeals to everything but bigger, better and faster than ever.
- gently press me with your songAnker: Anker, known for its rechargeable batteries, is launching a Kickstarter campaign for its first 3D printer.
6 Questions Investors Should Ask When Valuing Psychedelic Biotech Companies
A few years ago, the use of small amounts of psychedelics to improve mood or productivity was a topic of discussion in Silicon Valley.
Today, psychedelic therapy is used to treat a variety of mental health problems. And as more regions reduce their use of plant compounds, investors are taking notice.
Cymed Ventures plans to raise $25 million in funds and has already invested over $15 million, which is why Cymed Ventures is targeting startups in the early stages of developing psychedelic therapy.
In a guest post from TC+, partners Matthias Serebrinsky and Greg Kubin elaborate on their investment thesis: “We believe in a future where psychedelic therapy will be as common as going to the dentist, but not as easy as going to the dentist. happen.”
(gaming-updates+ is our membership program that helps founders and startup teams grow. You can sign up here.)
Big Tech Inc.
Intel has joined other big tech companies such as Apple, AMD, Adobe and General Electric in suspending operations in Russia. This follows the decision to stop deliveries to customers in Russia and Belarus. And don’t miss gaming-updates, reporter Vadim Smyslov’s new column, which talks about the impact of the war on Russia’s technical workforce.
We also learned today that the Federal Bureau of Investigation targeted a massive botnet controlled by Russian intelligence and was able to deactivate it. This malware, called Cyclops Blink, appears to have infiltrated thousands of devices, and we report that “security researchers say botnets have engaged in intelligence gathering and espionage by launching distributed denial-of-service attacks targeting web sites.” and overloading servers with unwanted traffic, as well as catastrophic attacks that render devices unusable and cause system and network failures.” All this makes us happy that it is no longer used.
Here are two more pieces of news for you to delve into:
- CNN+ downloads more than a minus: CNN+ launched last week and is now getting nearly half of its opening day downloads. We see one or two things happening: people are tired of having an app for every channel, and/or channels need to step up their play with content.
- Visa opens first Africa Innovation Center: Kenya Studios is committed to creating payment and commercial tools that provide global digital payment giants with a close connection with developers and partners in the country.