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Okay, NOW it’s Friday. Received any enjoyable plans for the lengthy weekend? Haje is transferring home (ugh), and Christine is searching GIFs of puppies till her battery runs out. Most likely.
Most individuals aren’t straight-up racist, but it surely seems unconscious biases sneak into our brains in all kinds of nasty, sneaky little methods. Stereotypes and prejudices exist, and being conscious of yours is an efficient place to start out engaged on. The Cornerstone Basis has a free 30-minute course you may take to uncover and work on them.
We hope you’ve a positive Monday and don’t miss us an excessive amount of whereas we’re off for the vacation. Search for our return on Tuesday. — Christine and Haje
The TechCrunch High 3
It’s a hen, it’s a airplane, it’s a drone: Dronamics raised $40 million in a pre-Sequence A spherical (or actually huge seed spherical when you’d somewhat have a look at it that method) to start out an autonomous cargo drone airline in Europe, Mike writes. It has some formidable targets, too: The CEO says it will likely be capable of ship to all of Europe in the identical day from a single warehouse.
Preempted: Some Disney+ Hotstar clients have been none too happy when the stream went down in the course of a well-liked cricket match. Manish has extra, together with particulars that any such factor isn’t an remoted incident.
Pointing fingers: Carly and Zack report {that a} information breach has Atlassian and Envoy briefly blaming one another for what went down that led to 1000’s of Atlassian staff having their information uncovered.
Startups and VC
With so many fintechs shedding workers, it may be simple to imagine that the complete business is in misery, however that’s not the case. In truth, some firms are discovering alternative within the lots of layoffs, Mary Ann discovers. Right here’s who’s hiring. In the meantime, Natasha M and Alyssa collected a complete listing of 2023 tech layoffs.
The U.S. Securities and Alternate Fee has charged the collapsed blockchain agency and stablecoin operator Terraform Labs and its founder Do Kwon with defrauding U.S. traders who bought the digital belongings Terra USD and Luna, Kate experiences.
And we’ve got 5 extra for you:
In order that founder you backed turned out to be problematic. Now what?
Picture Credit: retrorocket (opens in a brand new window) / Getty Photos
Early-stage traders don’t intently handle the entrepreneurs they bathe with money, even when issues go off the rails. And in some instances, they might not be capable of exert a lot authority.
Assuming a VC makes an funding by way of a SAFE be aware, “if that stake hasn’t transformed to fairness, they don’t have a lot say if issues begin to go mistaken,” experiences Rebecca Szkutak.
To study extra about how traders deal with problematic CEOs, she spoke to:
Cameron Newton, founder and basic accomplice, Relevance Ventures
Eric Bahn, co-founder and basic accomplice, Hustle Fund
Angela Lee, enterprise accomplice, professor, Columbia Enterprise College
We even have a couple of extra for the weekend:
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Huge Tech Inc.
The pandemic compelled us to seek out new methods to collaborate in a distant office, and a few firms have been capable of leverage that want. Rita experiences that Feishu, ByteDance’s Slack-like device, was one in every of them, producing $100 million in 2022. She writes, “ByteDance’s heavy funding in Feishu is telling of the state of enterprise software program in China. At a time when Silicon Valley traders are heralding product-led development — providers that convert customers via their merchandise, as exemplified by Calendly — software program in China nonetheless largely counts on gross sales, advertising and marketing and providers to recruit customers.”
Now right here’s 5 extra for you:
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