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Hello and may the 3 be with you. Did we get that meme right? Today, we’re delighted to see a16z planning $50 crore (that’s $500 million) worth of investments in Indian startups in its newest fund. We’re also keeping a close eye on Thrasio as he appoints a new CEO and executes a round of layoffs: cristina Y Haje
TechCrunch Top 3
- NFT for physical items?: Americana Technologies thought that people who create physical things were left out when it came to NFTs, so the startup developed a way for those creators to get on board. We’ll see if this vision pans out, but with backers like Alexis Ohanian’s venture firm, Seven Seven Six; OpenSea NFT marketplace; and rapper Future, it’s probably a good bet that it does.
- Back to the NFTs we know and love: We liked it Alex‘s in today’s story about those grabbing valuable pieces of digital land: “The Bored Ape team has managed to turn a successful set of NFTs into several collections, huge risk checks, and now a license to print money thanks to the speculators who took over their newly offered digital assets.” I can’t wait to see what they do with it.
- This island has nothing to do with love more than that for Roblox: Spotify launched its “Spotify Island” and is now the first music streaming brand on Roblox. It’s a cute little island with hearts and Easter eggs, but no expectations of mating.
Startups and VCs
It’s all fintech all the time on the site today, with a $65 million round for Kevin to create account-to-account payments at POS terminals, Neobank Open becomes a unicorn, banking giant Truist acquires Long Game in an effort to reach a younger demographic, and Point will raise $115 million to help homeowners collect the equity in their homes.
Health tech startup myNurse (formerly known as Salusive Health) lost a ton of patient data in a breach and suddenly went out of business less than two months later. He claims he had nothing to do with the rape, but gives no reason for the closure. More and more curious.
we loved it too RonToday’s story on Graphite, which took a leaf out of the Slack book by taking an in-house tool and turning it into a separate company with a $20 million Series A. I love a good pivot story.
- Revolt on Bolt: Something is happening within the four walls of Bolt. Mary Anne investigated the various news stories for context last week, and this week, Bolt’s CEO addressed the startup’s performance in the wake of the lawsuit, stating that its merchants are doing twice as well this year as they did last year. .
- When you absolutely, positively need that guacamole right now: Zepto raised a whopping $200 million at a valuation of 90% unicorn, 10% horse to help you shop for groceries in 10 minutes in several additional cities in India.
- Free is the magic number (no it’s not): Pushing customers from free to paid tiers and from low-end product plans to higher-cost plans is an ongoing headache for SaaS companies. Toplyne just raised $15 million to help advanced product companies analyze their customers and figure out the best go-to-market strategies.
- Go back, go back, go back to where you once had songs: Music discovery is a perennial challenge for streaming services, and SoundCloud is trying to solve it by acquiring Musiio, an AI music curator.
- For vegans, not eating steak now is a steak of the past: In a fun twist we didn’t see coming, Mooji is 3D printing plant-based meat. The YC alum just raised $3 million to “print” steaks.
- The world’s first Ɛqǝʍ fund: (that’s web3, but below): New Zealand lands its first web3-focused crypto venture capital fund.
Hiring the best startup talent on a budget during the Great Resignation
Glen Evans, a partner in Greylock’s core talent team, joined Senior Editor Walter Thompson at TechCrunch Early Stage to talk about how founders can streamline the recruiting and hiring process, find and develop talent, and discover some best practices for close candidates.
“The state of the job market is more competitive than ever,” said Evans, who has two decades of experience overseeing recruiting and team building at fast-growing companies like Slack, Facebook and Google.
“There’s a very limited supply of talent and probably the biggest demand I’ve ever seen, so it’s very important that people think about how to differentiate themselves and build the foundation and habits to get the right talent in the early days,” he said. . . “It is not an exact science.”
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great tech inc
- Cars are what gets us from A to B, but today’s news is about huge investments in electric vehicle production. First, Stellantis plans to inject $2.8 billion to ramp up electric vehicle production at two of its Canadian plants. This is part of a larger $35.5 billion investment Stellantis is making to be net zero carbon by 2038. Rivian then got a nice incentive package to drive to Georgia and build an electric vehicle factory. And finally, Silas has a lock on a new facility in Washington that will allow the electric vehicle battery maker to start bringing its products to cars by 2026.
- It’s your lucky day if you’ve ever tried to read a book you already own, but didn’t buy on Amazon, but want to read via Kindle. Amazon has now created a way to do it that doesn’t involve as many steps. Also, it seems that the company is giving Roku a chance, increasing the list of original programs. We forgot about Jeff Lewis’ brand of entertainment until now.
- In case you missed the daily coverage of Twitter and Elon Musk, Sarah reports about a Twitter filing with the SEC showing the risks to its core advertising business if the proposed deal went through. Advertisers are already gearing up for it, while Musk previously revealed some ideas for reducing advertisers’ reliance on Twitter for revenue. Oh, and Twitter is trying something called Twitter Circle because it’s high school again, and there can only be six kids in Six Chicks, so choose wisely.