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Hello TechCrunchers, happy Friday. I hope this is your favorite time of the day because Haha and I really enjoy bringing you the news of the day written by the wonderful people we have the honor of calling colleagues. If you were at TechCrunch Early Stage in Boston, we’re confident you had a good time. Haje comes back from there, so today it’s just me. Let’s dig in. – christina
TechCrunch Top 3
Startups and VCs
- Mimicking real data: Singapore-based Betterdata raised $1.55 million to take a different approach to traditional data sharing methods by using synthetic data to keep real data safe. Katherine reports.
- Driving towards something new: Autotech Ventures is venturing into new territory with a $230 million mobility fund that will add fintech and the circular economy to its investment strategy, he writes kirsten.
- diving: Founders Pledge, a charity in London, launched a venture capital arm called Pledge Ventures in what Miguel writes is to “create a new ‘flyer’ in philanthropy.
- Listen to this: Brian shares all the sentiments about the early learning of headphone startup Nura, which has reportedly been acquired by Masimo, the parent company of utility Denon.
Launchpad Teardown: Honeycomb’s $50 Million Series D Platform
Startups raising Series D rounds may have hundreds of employees, tens of millions in ARR, and other proof points that show they have reduced risk, but still need launch pads.
Self-described “live production systems debugger” Honeycomb shared his $50 million Series D winning submission with TechCrunch:
- deck slide
- Data Summary Snapshot Slide
- problem slide
- solution slide
- Competitive Landscape Slide
- Product Category Summary Slide
- Client Landscape Slide Part 1 (Mostly Redacted)
- Customer Landscape Slide Part 2 (Mostly Redacted)
- Market positioning slide
- Value Proposition Slide
- Story/Product Timeline Slide
- Go-To-Market Interstitial Slide
- GTM: approach slide land and expand
- GTM: Vertical slide for games
- Going Forward Interstitial Slide
- team slide
- The Ask Slide
- closing slide
Two more from the TC+ team:
TechCrunch+ is our membership program that helps start-up founders and teams get ahead of the rest. You can sign up here. Use code “DC” to get 15% off an annual subscription!
big tech inc
- Lyft layoffs: Ride-sharing company Lyft confirmed it is cutting its workforce by 1,200 as part of a restructuring effort aimed at “better meeting the needs of passengers and drivers.” kirsten reports. The layoffs will affect corporate employees, of whom there are about 4,000, because Lyft does not employ its drivers.
- We learn something new every day: The Linux Foundation launched a new organization to maintain TLA+, Kyle write If you’re doing one of those “learning a new term a day,” here’s your education for the day: TLA+ is a formal “specification” language, developed by computer scientist and mathematician Leslie Lamport, for designing, modeling, documenting, and verify. Software programs.
- hit that: Sarah reports that in an effort to find a faster resolution to its antitrust legal battle with Fortnite maker Epic Games, Match Group and state attorneys general, Google is asking the court to dismiss multiple claims, five to be exact. , which “apparently would be critical to claimants’ ability to prove anti-competitive behaviour.”
- Four corners of the globe, literally: The Internal Revenue Service is sending four investigators around the world to combat cybercrime, Lawrence reports. Before you go, “Only four?” I will add that the IRS previously only had one.
- Denied: Meta was trying to get his content moderator case in Kenya dismissed, but now he has to muddle through. A court ruled that Meta can be sued for alleged illegal firing and blacklisting of moderators. annie has more.