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Happy Crunch Monday, our Crunch-A-Funny friends!
Lorenzo’s best piece on how the feds busted the cybercrime platform: “The hacker’s side was incredibly . . . The second piece of evidence comes from Pompompurin himself. . . . He said he noticed that a data breach posted on the site did not include ‘one of my old emails’, which he noted on a legitimate data breach notification site.
Go get them. Or, if your business gives away more than it gets, get rid of them!
TechCrunch’s Top 3
- Come alongIf you find yourself grumbling about using Microsoft Teams, this story might bring a smile to your face: Frederick Microsoft reportedly built Teams from the ground up, promising some neat stuff like 2x faster performance and half the memory used.
- Driving WaveOneIf you’re having a “Silicon Valley” experience right now, you’re not alone. Apple acquires WaveOne, a startup that uses AI to compress videos. Kyle Reports.
- before the game: GitHub user “FreeSpeechEnthusiast” created a repository on GitHub containing Twitter’s source code, seeking to find Elon Musk’s reneging on his promise to open source all the code used to recommend tweets on March 31st. Ivan He explains what happened next.
Startups and VCs
First Citizens Bank two weeks ago agreed to buy $72 billion in deposits and loans from Silicon Valley Bridge Bank, the California lender formerly controlled by the FDIC. Manish Reports.
Here’s another handful to prepare you for this week’s water cooler moments:
Just started angel investing? Avoid these 7 mistakes.
Image Credits: Alona Jitnaya (Opens in a new window) / Getty Images
Being an angel investor isn’t easy, and that’s on purpose.
Applicants must meet certain requirements regarding income and eligibility. If not, anyone can schedule pitching calls with the founders to make their dreams come true.
Business schools teach the basics, but Misty Rusk, who has reviewed nearly 4,500 deals over the past 20 years, says the most valuable lessons she’s learned are the mistakes she’s made along the way.
“There may be no way to anticipate a global crisis, a stealth competitor, or other risks beyond the startup’s control,” Rusk said. But some obstacles can be overcome with the right knowledge,” he wrote.
Three more from the TC+ team:
TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech Inc.
It’s spring, so we’re guessing it’s the perfect time for Alibaba founder Jack Ma to make another appearance. Rita Ma’s return to China comes after a year of uncertainty, including China’s “years of campaigning against the tech industry,” including attempts to shore up the private sector, including the IPO plans of Alibaba’s fintech partner Ant Group. The move has prompted some founders to go abroad and expand their businesses overseas.
Salesforce seems to have done a good job of convincing investors that it is on the right track. Activist investor Elliott Investment Management, which has been a thorn in Salesforce’s side for the better part of this month, said a director nomination is derailing its plans. Paul It has more.
And we have five more for you:
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