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May you find love, peace, harmony, and a CAC/LTV arbitration ratio beyond your wildest dreams. — Christine and Haje
Some folks have asked themselves how Elizabeth Holmes, founder of Theranos, lost investors $1 billion and is facing prison time, while Adam Neumann, who founded WeWork, lost $11 billion, but then went on to raise $350 million for his newest startup. The answer is pretty clear — Neumann, despite burning 10x more money, wasn’t convicted of fraud. Natasha M and Anita take a closer look at how the tech industry is reacting to Adam Neumann’s a16z-backed return to real estate. Also, this made us titter with amusement.
Apropos Natasha M — the Equity team put together an omnibus collection of six conversations that bring nuance to tech’s layoff wave. It’s a great reminder of both a bunch of lovely episodes of Equity and a bunch of ways of thinking about layoffs in a macroeconomic context.
Okay, fine, here’s a few more:
Image Credits: Stephen Swintek (opens in a new window) / Getty Images
Image Credits: Stephen Swintek (opens in a new window) / Getty Images
Most web3 startups are in the same leaky boat: They haven’t reached product-market fit, hiring technical talent is difficult at best, and many of the same investors who were eager to take their calls a year ago are ghosting them today.
Thirsty travelers who know where to look can still find water, however, according to Jenny Q. Ta, CEO of GalaxE.
In a TC+ guest post, she offers suggestions for approaching angels, accelerators and traditional VCs, along with some thoughts that may help web3 entrepreneurs level-set.
“Don’t let anxiety call the shots. This too shall pass, but don’t waste the moment.”
How should web3 companies approach fundraising during a downturn?
(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)
Indian telecommunications providers began blocking VideoLan’s website back in February. You might know them as the developer of popular media player VLC. Manish reached out to the company president and lead developer Jean-Baptiste Kempf, who said that by continuing to block the website, the country is giving its citizens no choice but to use “shady websites that are running hacked versions of VLC. So they are endangering their own citizens with this ban.”
If you like to drool at photos of new cars, Polestar will rev up your engines with photos of its new electric vehicle roadster, Polestar 6, which features a hard-top convertible and recycled polyester upholstery, Jaclyn reports. Sorry, you are going to have to wait four years for this one, though.