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Is it Friday again? We’ve been looking forward to this day all week, and while it’s here, you’ll remember all the things you didn’t accomplish while busy daydreaming about Friday. Oh, we hope this gift bag reaches you once you’ve cleared your to-do list and are ready for happy hour. If you will TTITD next week, Tuesday is safe but try to survive. If you fail at that, make sure you die in a more interesting way than dehydration so your campmates get a good story about it. – Christine and Haje
TechCrunch’s Top 3
- Virtual Reality, Meta . style: Meta’s new virtual reality headset technology will focus on face tracking and eye tracking, what the company calls “social presence” Ivan write. It doesn’t launch until October, so you have about two months to rake in the $400 we think it will cost.
- Mo ‘Twilio, mo’ problem: Visits from Twilio’s data breach earlier this month continue to come. Carly writes that this time the breach affected users of the Authy two-factor app. Authy is a company Twilio was acquired in 2015. Oh, and the number of customers affected is now over 160. Learn more about this below in Big Tech.
- Lending in a predatory style takes a turn: Although the nature of the article is not a fun article, we think Jagmeet did a great job describing how long it would take for some loan apps to get repayments from users in India.
Start-ups and VC
Asian crypto game and web3 investor Animoca Brands is entering Japan as its local unit received $45 million in funding at a pre-valuation of $500 million. The investment comes at a time when the country is tightening regulations around the crypto industry, writing Rita.
Stay in Asia, Anna and Alex pulse China’s Venture Capital Scene. From near-zero growth in the second quarter and abandonment of economic targets to continued COVID-19 lockdowns, power crisis, housing crisis, concerns about the strength of the local currency, lack of countries, high youth unemployment, etc., it’s a mixed bag for the world’s second-largest economy – even without mentioning a background fraught with geopolitical tensions. Here’s the TechCrunch+ story, but if you don’t have a subscription, use the Daily Crunch discount code “DC” for 15% off.
Let’s do a few more things, shall we?
- Draw me a picture of a convoy: Mobile photo editing app creator Lightricks is jumping into AI-generated art trending with the new “Text to Image” generator in its apps, Lauren report.
- Fly high, fly fast: Start up the supply chain FourKites recently laid off a bunch of workers, but today announced it raised $30 million to feel the breeze under its wings again, Kyle report.
- Going from Bad.com to Worse.com: You know they’re having a hard time Better.com, as the company confirms its fourth round of layoffs in less than nine months, Mary Ann report.
- Real estate is really gnarly: Tech startup real estate Reali is about to shut downafter the startup raised $100 million just a year ago, Mary Ann report.
- Flexible apartment? Are they made from Jell-O?: We can’t help but chuckle at the thought of shimmering buildings, but “flexible apartments” are having a sunny day. Landing receives $125 million in debt and equityreport Connie.
Learning from my failures: Lessons from a two-time founder
All problems aside: learning from our own mistakes is helpful, but learning from others is optimal.
Squadhelp CEO and founder Darpan Munjal has closed his previous company, a fashion e-commerce venture, after four years of “solid growth”. In the end, he says that funding at the early stage creates a false sense of security.
“It’s not easy to close the shutters on a business I truly believe in. But I know I can start over if I’m willing to learn from my mistakes and apply those lessons. a smart way.”
(TechCrunch+ is our membership program that helps founders and startup teams rise to the top. You can register here.)
Big Tech Inc.
Looks like Google’s Waze has lost its way a bit. The search engine giant said it was shut down its Waze Carpoola service that connects drivers with commuters, citing “changing travel patterns as a result of the pandemic,” Aisha write. In the future, the app will focus on the post-COVID world of errands and travel.
Meanwhile, the Indian railway company is reversing course plan to monetize customer data after an advocacy group, the Internet Freedom Foundation, put on twitter opposed to strategy, writes, “The goal of profit maximization will lead to greater incentives for data collection, which violates the principles of limit intent and data minimization.” Spanish there are many more.
In case you missed some stories from late yesterday, we have some good ones:
- Paging Starlink: SpaceX and T-Mobile is partnering to connect T-Mobile phones with Starlink for free starting in 2023, Devin write.
- First space, not podcast: It is official – Twitter is integrating podcasts to its foundation. This feature will be in the Spaces tab, Aisha report.
- Hacker at the door: DoorDash is one of those organizations affected by the Twilio hacker, Carly write. The delivery company said the customer’s “name, email address, shipping address and phone number” had been obtained, and for a smaller group, part of the payment card information.
- Trading Twitter for Meta: Sandeep Pandey, Twitter’s vice president of engineering, confirmed as leave that social media giant for Meta, Andrew write. Pandey is the latest executive to leave the company since Elon Musk proposed taking over Twitter earlier this year.