TechCrunch’s Top 3
- Tl; Dr: We know you don’t have 32 minutes to read Meta global Affairs president’s new manifesto, so Natasha skim it for you. In short, the future of the metaverse, sorry, “metaverse space” is uncertain, complicated, and needs a huge amount of developers to do it. We also still don’t have a 411 on how Meta plans to monetize in the metaverse, particularly, as Natasha points out, since the company does a lot of tracking and profiling. That could show up in Nick Clegg’s next manifesto. We are here for it.
- What happens when a vertical farming company cracks the code?: Spoiler alert, delicious! Oishii started selling strawberries from its New Jersey facility for $50 for eight to eleven, and with a new facility up and running, the company can now reduce that to $20. Still not on par with what we get at the grocery store, but if food prices continue to rise, they could eventually meet in the middle.
- Rotate around: Could technology valuation be lower than necessary? That’s definitely an argument Alex is generating, with a chart showing how Okta stock is now selling even below its early 2019 levels — before the pandemic hit and before all the revenue multiples spiked. He offers several examples of why the tech sell-off may have gone too far.
Start-ups and VC
The team at Y Combinator just went in and asked its founders to try and prepare for the worst. “If your plan is to raise money within the next 6–12 months, you may be raising money at the height of a recession. We recommend changing your plans” Spanish report.
We’ve spent the past few days immersing ourselves in the world of mobile at the Top Contributor Session. Here are the top three takeaways from Nuro’s great study sessionas distilled by Rebecca.
For TechCrunch Plus, Haje reviewed BoxedUp’s $2.3 Million Seed Stage. It has some really elegant storytelling and some fixable quirky questions; We think you’ll get a tip or two from this story for your own fundraising effort, so check it out!
A better one:
- Spend now, pay later: Untapped Global wants rethinking the collateral gap for African companies by allowing small businesses to use their ongoing revenue as collateral, Mike report.
- Home is where the buffalo roam: Belongs to, a startup that aims to asset management handshakejust raised $50 million to grow its footprint, Mary Ann report.
- A little bit o ‘this, a little bit of that: Frame of user-repairable laptop upgrade. It’s a bit ironic at first, but Brian Outline why it makes sense.
- Soaring over the Sahara Desert: A new agreement that sets the noble goal of deployed 12,000 of Wingcopter’s 198 drone systems across Africa in the next five years, Brian report.
- A budding romance: Brian being rolled out today, also including the launch Sony’s $200 LinkBuds In-Ear Headphones.
- The game continues, my wayward son: Andreessen Horowitz launches $600 million fund to invest in games. The new vehicle, called Games Fund One, joins other industry-specific branches at a16z, including its crypto and bios divisions, Lucas report.
Dear Sophie: Is there anything I can do to speed up the EAD renewal process?
I am on an L-2 visa as a dependent spouse on my husband’s L-1A.
My EAD (work permit) is expiring in May – we applied to renew my visa and EAD a few months ago. How long is the current process?
Is there anything I can do to keep my job from being affected?
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Big Tech Inc.
WhatsApp’s New Business App there should be companies on cloud nine. The new version of the Enterprise API is not only free, which will appeal to smaller businesses, but it also takes minutes instead of weeks to deploy and reduces some of those pesky server costs.
In the Netflix news, we were initially excited at the prospect of a “Mystery Box” feature. Okay, maybe we put too much on one pedestal. As it turns out, it’s an easier way for kids to revisit their favorite shows. In addition, Netflix is also rolling out some additional features to more accessible content – think subtitles and language.
Twitter has a new crisis misinformation policy that will warn against tweets deemed “misleading” in times of crisis and will prioritize tweets on popular accounts or tweets that have gone viral.
Here’s some more for your Thursday:
More information is being revealed regarding Buffalo gunman and how he uses social media In the days leading up to the incident, 10 people died and 3 were injured.