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Hoooo boy. As Alex would say: This week has been a protracted yr. You simply comprehend it has been a fairly wild trip when Meta can lay off 13% of its employees, and it isn’t even actually within the prime 10 of loopy issues that occurred.
Gmail now not enables you to use the outdated interface, you retro-loving nerd, you. Salesforce did a spherical of layoffs, the DOJ seized $3.36 billion price of Silk Street crypto, Binance mentioned it will purchase FTX, then backed out, inflicting Sequoia to write down 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 shortly 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 probably trusting Apple along with his life within the course of. As he left for the day, he may very well be overheard muttering, “I hope there’s a little bit of web left after I come again.”
Take a breather, you’ll be able to at all times implode with stress subsequent week as an alternative. — Christine and Haje.
The TechCrunch High 3
- Solely the start, we worry: Should you’ve been following the entire FTX firm drama, then little question you’ve got a tackle at present’s massive story that the crypto change 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 via different strategies, like a tie-up with Binance after which some liquidity. This has been a lot that Jacquelyn mentioned 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 worry that Twitter builders have spent a lot of their 84-hour workweek flipping the “official badge” change on and off to appease Elon Musk’s always 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 very best 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 crew 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 via 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 methods have been obtainable for many years, however a misplaced pet has increased emotional stakes.
In keeping with Syneroid, a startup that makes sensible tags, 10 million pets are misplaced every year in the USA, however “lower than 30% are returned residence.”
After elevating a $500,000 seed spherical, the corporate’s founders shared their 12-slide pitch deck with TechCrunch for a evaluation. In keeping with Haje Jan Kamps, “no data has been redacted or omitted.”
Three extra from the TC+ crew:
TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You may enroll right here. Use code “DC” for a 15% low cost on an annual subscription!
Huge Tech Inc.
Brian visited Amazon’s BOS27 robotics facility and never solely watched cute robots line up, but additionally discovered concerning the supply big’s plans for international 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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