April 1, 2023

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Is it Friday again? We’ve longed for this day all week, and when it comes, you’ll remember all the things you didn’t accomplish while you were busy daydreaming on Friday. Oh well, we hope this bag of goodies is here for you when you clear your to-do list and get ready for happy hour.if you want TTITD Next week, safety third, but try to stay alive. If you fail at this, make sure you die in a more fun way than dehydration so your camp mates at least get a good story out of it. — Christine and Hager

TechCrunch Top 3

  • Virtual reality, meta style: Meta’s new virtual reality headset tech will focus on face-tracking and eye-tracking, which the company calls “social presence,” Ivan wrote. It won’t come out until October, so you have about two months to round up the $400 we think it will cost.
  • Mo ‘Twilio, Mo’ problem: The data breach at Twilio earlier this month kept coming. Carly The breach affected Authy two-factor app users, wrote. Authy is a company acquired by Twilio in 2015. Oh, and now the number of affected customers is over 160. See Big Tech for more on this.
  • Turnaround in predatory lending: Although the nature of this article is not pleasant, we think that Jagmeet A good description of how long it takes for some lending apps to get repayments from Indian users.

Startups and VCs

Asian crypto gaming and web3 investment giant Animoca Brands is making a foray into Japan, with its local unit raising $45 million at a pre-money valuation of $500 million.The investment comes as the country tightens regulations on the cryptocurrency industry, writes Rita.

stay in Asia, Anna and Alex Take the pulse of China’s venture capital scene. From near-zero growth and abandoned economic goals in the second quarter to the ongoing COVID-19 lockdown, power crunch, housing crisis, fears of a strengthening national currency, water scarcity, high youth unemployment and more, it’s been a tough one. A mix of the world’s second-largest economy — even without mentioning a backdrop fraught with geopolitical tensions. Here’s a TechCrunch+ story, but if you don’t have a subscription, use the Daily Crunch discount code “DC” for 15% off.

Let’s do some more, shall we?

  • Draw me a trendy photo: Mobile photo editing app creator Lightricks is following the AI-generated art trend with a new “text-to-image” generator in its app, Lauren Report.
  • fly high, fly fast: Supply chain startup FourKites recently laid off a group of workers, but today announced a $30 million raise to feel the wind under its wings again, Kyle Report.
  • From Bad.com to Worse.com: You know they’re having a tough time at Better.com as the company confirms its fourth round of layoffs in less than nine months, marian Report.
  • Real estate gets really rough: Proptech startup Reali is closing its doors after raising $100 million about a year ago, marian Report.
  • Flexible apartment? Are they made of jelly?: We can’t help but giggle at the thought of swinging buildings, but ‘flexible apartments’ are making a splash.Landing reportedly secures $125 million in debt and equity financing Connie.

Learning from my failures: Lessons from a 2-time founder

A row of nails bent with a hammer; learn from mistakes

Image Source: Sergey Chuyko (opens in new window) / Getty Images

Schadenfreude aside: learning from our own mistakes is useful, but learning from the mistakes of others is best.

Squadhelp CEO and founder Darpan Munjal closed his previous company, a fashion e-commerce business, after four years of “solid growth”. In hindsight, he said the early funding created a false sense of security.

“It’s not easy to close the shutters on businesses that I truly believe in. But I know that if I’m willing to learn from my mistakes and apply them skillfully, I can start over.”

(TechCrunch+ is our membership program that helps founders and startup teams succeed. you can register here.)

big tech companies

Google’s Waze seems a little lost. The search engine giant said it was shutting down its Waze Carpool, a service that connects drivers with commuters, citing “altered commuting patterns due to the pandemic,” Aisha wrote. Going forward, the app will focus on errands and travel in the post-pandemic world.

Meanwhile, India’s railways are changing a plan to monetize customer data, after an advocacy group, the Internet Freedom Foundation, on twitter Contrary to this strategy, he writes, “profit maximization goals will lead to greater incentives for data collection, violating the principles of data minimization and purpose limitation.” Manish There are more.

In case you missed some of the stories from late yesterday, we have some good ones:

  • paging star chain: Devin writes that SpaceX and T-Mobile are teaming up to connect T-Mobile phones to Starlink for free starting in 2023.
  • First space, not podcasts: It’s official — Twitter is integrating podcasts into its platform. The function will be under the “Space” tab, Aisha Report.
  • hacker at the door: DoorDash is one of the groups affected by the Twilio hack, Carly wrote. The delivery company said customers’ “names, email addresses, shipping addresses and phone numbers” had been stolen, while for smaller groups, some payment card information had been stolen.
  • Swap Twitter for Meta: Twitter’s VP of Engineering Sandeep Pandey is confirmed to be leaving the social media giant for Meta, Andrew wrote. Pandey is the latest executive to leave the company since Elon Musk proposed to take over Twitter earlier this year.

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