When I was an early-stage founder, I bristled at the idea of making a five- or even three-year financial projection of my business. I can promise you one thing: It will be dramatically wrong. But as part of your fundraising, you need to make them anyway, and there are a couple of great reasons for
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Welcome to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. In recent weeks, several companies tweaked the free tiers of their products, from Slack and Otter.ai to Google Meet and Heroku. This ties back
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. Global app spending reached $65 billion in the first half of 2022, up only slightly from the $64.4 billion during the same period in 2021, as hypergrowth fueled by
Hello again! Welcome back to Week in Review, the newsletter where we quickly recap the last week’s worth of TechCrunch’s most read posts. Want it in your inbox every Saturday morning? Sign up here. Ready? Let’s just dive right in. most read What to expect from Apple’s iPhone event: Apple events tend to suck all
Jag Lamba Contributor Jag Lamba is the CEO and founder of Certa, a no-code supplier lifecycle management platform. It’s not just a feeling: risk across the geopolitical spectrum has been higher than usual in recent years. For businesses with supply chain operations across the world, these risks are hard to avoid. Issues of resiliency and
The Reserve Bank of India (RBI) has given lenders until the end of November to implement adequate systems and processes to ensure that new and existing loans comply with its digital loan rules issued last month. The RBI’s move follows several reports highlighting issues of customers facing torture and abuse from agents of digital loan
As the new school year starts, a fresh cohort of students will soon be hard at work finding ways to avoid writing papers and watching lectures they slept through, and just generally finding ways to waste the hours as effectively as possible. Fortunately the Switch is currently an absolute treasure trove of time sinks of
India’s financial crime fighting agency searched the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday as part of an ongoing investigation into fraudulent Chinese loan apps, it said Saturday, the latest in a series of probes in recent months. The Enforcement Directorate said its searches at high profile Indian firms
Ever traveled on a cruise ship? Pre-COVID, most journeys started with a shipwide safety drill where passengers assembled, donned life vests and learned what to do in an emergency. The ocean has an average depth of 2.3 miles, yet these rehearsals were always a calm affair. You’re starting a vacation; what could possibly go wrong?
My phone buzzes as I get a text from a friend who’s a partner at a VC firm. It’s a screenshot of a Venmo notification that just came in. “My 2 cents on why you should invest in my company,” reads the message she received, along with a $0.02 transfer. I tracked down and emailed
The chief executive of autonomous vehicle developer Aurora Innovation presented a swath of cost-cutting and cash-generating options to its board, ranging from a hiring freeze and spinning out assets to a small capital raise, going private and even selling itself to high-profile tech companies Apple and Microsoft. The ideas, all aimed at shoring up its
Truth Social isn’t allowed in Google’s app store yet, but another ostensibly anything-goes social network in the same orbit just made a comeback there. Parler, a social app designed to appeal to pro-Trump social media users turned off of mainstream platforms, has returned to the Google Play Store more than a year after getting the
Microsoft’s $68.7 billion all-cash deal to bag gaming giant Activision Blizzard faces closer antitrust scrutiny in the U.K. where the country’s market watchdog has just announced it will move to an in-depth investigation — unless the pair submit suitable proposals to address its concerns in the next few days. The Competition and Markets Authority (CMA)
Although Netflix announced to the world in July that it is launching its ad-supported version in early 2023, the streamer could be changing its plans. As reported by The Wall Street Journal on Wednesday, Netflix execs told ad buyers the launch date would now be November 1, 2022. If this ends up being the case,
On the latest episode of Studio 1.0, Emily Chang speaks with Microsoft Gaming CEO Phil Spencer about the $70B Activision Blizzard deal, whether CEO Bobby Kotick stays after the deal closes, and addresses broader culture challenges in the gaming industry. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full
Yesterday’s tech stock rout was not evenly distributed; some companies and technology sectors fared better than others. The same can be said about tech sectors in 2022 more generally. For example, the basket of cloud stocks that we track was off 45% year to date before the open today, while cybersecurity index funds ($IHAK, $CIBR,
Nate Tepper first went to Alcoholics Anonymous (AA), an international program dedicated to helping people recover from alcoholism with a 12-step program, in the heart of the COVID-19 pandemic. He didn’t show his face or share his story, but says that being in the presence of vulnerability was immensely impactful. Following the recommended level of
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Happy Friday! For those of you excited to see us in your inbox for your daily dose of tech news, unfortunately, you will have to wait until Tuesday to hear from us
More games and more NFTs pose questions for the gaming industry Karan Bhasin 13 hours There has been stiff backlash against NFTs in video games since they first started popping up. In general, both gamers as well as industry professionals have disapproved blockchain implementations in video games, mostly over concerns over the environmental impact that
As a brutal heat wave cooks the West in the run-up to Labor Day, California’s power grid manager is calling on electric vehicle owners to avoid charging at peak times. The request is part of a broader effort to keep the state’s grid up and running, while locals crank their air conditioners to outlast a
The U.K.’s Competition and Markets Authority (CMA) has formally cleared the proposed $8.1 billion merger between cybersecurity giants NortonLifeLock and Avast, a month after provisionally greenlighting the deal. The merger has been hanging in the balance since plans were first revealed last August. The CMA revealed in March that it was launching an investigation, stating
India is planning to speed up testing and safety approvals of electronic devices, including smartphones and earbuds, to reduce their time to market. Currently, it can take as long as 20 weeks to for consumer electronics to pass safety tests — but the new approvals could bring that down to as little as three days.
A red-headed woman stands on the moon, her face obscured. Her naked body looks like it belongs on a poster you’d find on a hormonal teenager’s bedroom wall — that is, until you reach her torso, where three arms spit out of her shoulders. AI-powered systems like Stable Diffusion, which translate text prompts into pictures,
Kuda, the challenger bank based in Nigeria and the U.K., has joined the ranks of tech companies in Africa that are pruning their workforce. The news of the layoffs, which was first disclosed to TechCrunch by sources, was confirmed by Kuda via email, saying it laid off less than 5% of its 450-strong workforce, or
Ryan Falvey Contributor More posts by this contributor Is fintech’s Series A market hot, or just overhyped? Fintech’s $138 billion opportunity This past year has seen a wholesale shift in how the market feels about fintech. A year ago, nearly every investor had a fintech thesis, companies were racing to go public and investors at
Plus Snapchat layoffs, Clearco’s departure and big changes at Y Combinator Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This was a Live Week, meaning that Alex, Natasha and Mary Ann recorded the show on Twitter Spaces, hanging out with a bunch of the
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The UK could be gearing up to hit a handful of tech firms with enforcement orders (and potentially fines) related to a children’s online privacy and safety Code which has been in force for a year. “The ICO are currently looking into how over 50 different online services are conforming with the code, with four
Companies tend to divide their procurement spending into two main buckets. The first is large purchases over $500,000 with some starting $1 million, depending on the size of the organization. Anything below that figure falls under a category known as “tail spend.” Boston-based startup Fairmarkit has been working on a tail spend procurement solution for
Venture capital data thus far in the third quarter indicates that investment into blockchain-focused startups is on pace to contract dramatically compared to recent quarters and the heady 2021 period. Data from Crunchbase and PitchBook indicate that after totaling around $10 billion in some recent quarters, the total dollar value of web3 investments could more