Welcome again to Week in Overview, our publication the place we wrap up most of the prime tales to hit TechCrunch during the last seven days.
The massive factor this week, primarily based on what individuals had been studying most, had been the main points of a memo despatched from Y Combinator to its portfolio founders.
Because the markets proceed to slip,YC is telling its portfolio founders that it’s time to batten down the hatches — lower prices, lengthen runway and get to a “default alive” state. “For these of you who’ve began your organization throughout the final 5 years,” YC writes, “query what you think to be the traditional fundraising surroundings.”
Manish has the complete 10-point e-mail proper right here.
In addition to extra unhealthy information concerning the markets, what else was happening?
Apple testing a foldable?: Is Apple tinkering with the thought of folding telephones and/or tablets? Analyst Ming-Chi Kuo says Apple is testing E-Ink shows for the secondary show on an as-of-yet-unseen “future foldable”. As Brian factors out, although, “there’s an enormous gulf between testing and releasing” — in different phrases, don’t be too stunned if this one by no means sees the sunshine of day.
NHTSA probes Tesla crash: Earlier this month, a Tesla Mannequin S “hit a curb and slammed into development gear”, killing three. The Nationwide Freeway Site visitors Security Administration is now wanting into the accident to find out if Tesla’s Autopilot system may’ve been concerned.
DOJ says it is going to now not prosecute good-faith hackers: After means, means, means too lengthy, the U.S. Justice Division is re-evaluating the way it appears to be like at hacking circumstances, for the primary time outright stating that “good-faith safety analysis shouldn’t be charged” beneath the Pc Fraud and Abuse Act.
Haje on Coke’s latest bottle cap: “When [Coke] sends out a hand-wringing press launch about how superior they’re for launching a bottle cap the place the cap stays hooked up to the bottle ‘for environmental causes,’” writes Haje, “I’m sorry, my blood simply boils.”
PayPal Ventures alums launch a latest fund: Inside a couple of months of parting methods with PayPal Ventures, these three alums had raised an enormous latest fund of their very own. The main focus? Fintech, and backing “startups that deal with ‘the most important hurdles’ in at the moment’s monetary infrastructure: entry, utility, flexibility, and price.”
We now have a paywalled part of our website known as TechCrunch+. It prices a couple of dollars a month and it’s stuffed with very good things! From this week, for instance:
Solo or co-founder?: You’re beginning an organization. Do you do it alone, or discover a co-founder? It’s an issue I’ve heard requested just about each time I’ve been on a panel with VCs or founders. On this put up, co-founder of DocSend (acquired by Dropbox in 2021) Russ Heddleston shares his ideas.
Are startup layoffs accelerating?: It appears like we’re listening to about latest layoffs each different day. How shortly are startup layoffs accelerating? Alex Wilhelm dives into the info.
Relieving the world’s lithium scarcity: Lithium-ion batteries, because the title suggests, require lithium. However “at the moment’s lithium mines can’t hope to fulfill the skyrocketing demand,” writes Tim De Chant. So the place will we get it transferring ahead? Tim takes a have a look at some potential options.