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TechCrunch’s Top 3
- Cutting out the middle ticket sellerGo beyond Ticketmaster and Eventbrite, Spotify has a new website that sells select live music tickets directly to account holders. Ivan He wrote.
- already running: We’re not sure how long it takes for a company to reach $100 million in annual recurring revenue, but if you’re a cloud security company, Wise, and it only takes 18 months to get there, we’re paying attention. Ron It has more.
- Nicola’s new CEOElectric car maker Nikola has found its next CEO in then-president Michael Lohscheller, who will take over after Mark Russell retires on January 1. Jacqueline He wrote. The company is having some issues, so we’ll track this down for you.
Startups and VCs
QED Investors, a US fintech-focused venture capital firm, has made its first African investment. The company has invested a rumored $50 million in Nigerian fintech TeamApt, which provides business payments and banking platforms. take up Reports.
Longhash Ventures seems to be on a roll. Jacqueline Reports, will start the second fund worth about $ 100 million. The firm is investing in startups that support Web3 infrastructure. The second fund was significantly larger than the first fund, which came in at $15 million.
How to implement energy reduction: planning, implementation and monitoring
Image Credits: Pulp photography (Opens in a new window) / Getty Images (image edited)
It’s hard to argue “measure twice and cut once,” especially with layoffs.
Few managers have mastered energy cuts, which is why Nigel Morris, founder and managing partner of QED Investors, has been sharing a five-page document with portfolio company CEOs to guide them.
“We’ve broken down the process into three parts: planning, execution, and monitoring,” he writes in a TC+ post, reinforcing his advice to co-creators.
“While the inevitable reality is that RIFs need to be conducted in an organized fashion based on strong business rationale, it’s always important to deliver the message with compassion and respect.”
(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can register here..)
Big Tech Inc.
Jagmet It won the “Big Tech Headline of the Day” for its story, Snapchat+ has entered India and costs just 62 cents. The social media channel joins others in launching a paid version in India at a lower cost than its global counterparts. Meanwhile, Manish We bring you more news from India that the country is putting some guidelines in place for more transparency in loan application and consumer control.
Brian Including the new edition of the Galaxy Buds, the latest additions to the Galaxy Watch and new foldable products coming out later this month, electronics giant Samsung continues to be our guru.
Next time you go into Whole Foods, stick your palm out. Lauren Amazon is reportedly expanding its palm-scanning technology to 65 more locations. Grocery tech is a hot topic right now, so look for some TechCrunch+ love for the industry this week.
Again, we have several stories from yesterday that seem to be on readers’ minds, so let’s pick a few: Elon Musk had an “okay” good day. SpaceX’s Starship has reached a milestone. Arya But he writes Rebecca Musk reportedly sold nearly $7 billion in Tesla stock because he’s about to bite a $44 billion check on Twitter. Meanwhile, there were layoffs for Microsoft, iRobot and Hootsuite. And Coinbase’s earnings were as expected. Jacqueline, AlexAnd Anita Write it down.
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