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What is that we hear? Is that the Friday, May 20, 2022, on the calendar and the soft, alluring sirenâs song of a weekend thatâs right around the corner? Why, yes, that must be it! Our events team is busy putting together an awesome TechCrunch Disrupt, and we are psyched about Startup Battlefield, where the winner will walk away with a $100,000 check to continue building the future it is envisioning. Hereâs how to be in the running. â Haje and Christine |
| Image Credits: HH5800 / Getty Images |
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The TechCrunch Top 3 - UST UGH: Terraform Labs founder Do Kwon has some âsplaining to do with South Koreaâs special financial crimes unit, which has launched an investigation into the collapse of Terraformâs stablecoin TerraUSD (UST) and its sister token Luna earlier this month. Prosecutors might be first in line, but the line is growing, with investors filing a lawsuit against Kwon and his co-founder Daniel Shin over alleged charges of fraud and other financial regulation violations. Also joining are Luna Foundation Guard advisors who tell Jacquie that they have not heard from Kwon in weeks.
- Standoff: We enjoyed reading Carlyâs piece outlining what happened with Costa Ricaâs ransomware attacks â the Conti gang is attempting to overthrow the government â and who could be next. As of our newsletter time, the ransom part was still going on. The deadline given was May 23.
- Klarna konundrum: The payments company is reportedly the latest to be fine with lowering its valuation, and in its case, there is some capital attached. We think Alex sums it up well saying, âNo one likes a down round. They are dilutive, messy and demoralizing. But they are also miles better than not raising money and dying, so companies raise them when required.â He goes into why Klarna taking an insider round with a cut valuation is worth it or not.
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Three things to remember when diversifying your startupâs cap table Just as a sales team builds and refines its funnel, early stage founders in fundraising mode can create an investor funnel that will help sustain their company for years to come. Oriana Papin-Zoghbi, CEO and co-founder of womenâs health startup AOA Dx, shared her investor breakdown with TC+: - 35% private investors
- 34% women (female investors or female-headed funds)
- 26% venture capitalists
- 23% family and friends
- 18% international investors
- 15% angel groups
âWhen building an investor funnel, vocalizing what you want is crucial to finding the right investors,â says Papin-Zoghbi. âFinding the right investors is like finding the right team members â you need to be upfront about your expectations and address what you want them to bring to the table.â (TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.) |
| Image Credits: redmal / Getty Images |
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Big Tech Inc. - Deposit 25 cents: If youâre a gamer, we presume you have some thoughts on God of War: Ragnarök. Devinâs take is that this game âmay be the most accessible title yet, and thatâs saying something.â Itâs good to see Microsoft create a game that offers features that are customizable for people with certain specific disabilities, like a visual or hearing impairment.
- The family that Snaps together stays together: For every parent dying to know who their teen is interacting with on Snapchat, the social media giant is close to launching its parental control feature, âFamily Center.â For those of you not on Snapchat, or donât have children, Sarah tells us this is important because it is one of the few social networks where you canât see someoneâs friend list.
- Holy Poké Balls!: Thereâs now a Poké Ball reward for being both a Pokémon GO player and an Amazon Prime member.
- Dating update: It looks like Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is on good terms with Google again. Crisis averted?
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Newest Jobs from Crunchboard | - Oracle HCM Cloud Senior Technical Developer at Mythics, Inc. (Virginia Beach, VA, USA)
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