Daily Crunch: Better.com CEO Vishal Garg says he’s on the hook for $750 million SoftBank loan

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Today is Friday the 13th and I hope nothing bad happened to you today. At least the weekend is here! At least you can keep up to date with the latest Terraform Labs news − Binance Suspends Luna and UST Trading – and some great podcasts from your favorite TechCrunchers. And be sure to book your “place” for June 1st. TechCrunch Live event in Columbus. See you on Monday! – Christine

TechCrunch Top 3

  • If Elon doesn’t buy Twitter, at least Snoop Dogg is ready to lash out: Elon Musk tweeted early this morning that his proposed purchase of Twitter has been put on hold while he calculates the percentage of fake accounts using the social media feed. While he also tweeted that he remains “committed to the acquisition”, I enjoyed seeing Snoop Dogg tweet his desire to perhaps try if Musk doesn’t. In fact, his plan for this is not so bad.
  • Dinner at Dineout Restaurant: In some online M&A news, Swiggy announced that it is acquiring Dineout, the Indian equivalent of OpenTable. This puts Swiggy squarely in the foodservice sector, where for some time the country was dominated by Zomato, whose market capitalization is fell to about $5 billion.. It also represents further consolidation in the giant market trying to make sense of its pandemic growth.
  • More layoffs: Natasha and Amanda were already busy last week catching up with countless tech layoffs and sadly today we have another list that includes Section4, Carvana and Latch. Even the Meta is not immune.

Startups and VK

  • On hook: This is what Better.com CEO Vishal Garg talks about $750 million SoftBank loan.. Since Garg takes personal responsibility for the loan, he is liable for any losses. However, the company could also be hurt because any losses could require it to sell many of its assets to Better.com, which could hurt the stock. It’s still a mess no matter how you look at it.
  • Dress up indie brands: in China Body404 is betting that the West will embrace a new generation of fashion designers who want to give them something that isn’t just a cheaper runway knockoff. It paid off with the company now valued at $50 million after raising $50 million in March. It’s also interesting to note that customers don’t return clothing – Body404’s return rate is around 2%, far less than the fashion industry average of 10%.
  • Enjoy the business: Frank Reig, who sits at the helm of Revel, company engaged in the creation of fast charging points for electric vehiclescaught up with Rebecca to discuss the company’s transition away from moped sharing and the distance Revel has traveled to encourage the adoption of electric vehicles.
  • Watch and get paid: Our attention is valuable and often diverted in different directions. WeAre8 wants to reward you for the fact that the DVR has allowed us to skip – to watch ads for many years. The company is led by advertising guru Sue Fennessy, who is committed to channeling advertising funding from social media giants like Facebook to a good cause.

Pitch Deck Breakdown: Dutch’s $20M Series A Deck

Pitch deck cover slide with cute dog, DUTCH word and TechCrunch Pitch Deck Teardown caption.

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Image credits: Dutch

As the CEO and founder of Dutch’s virtual veterinary platform, Joe Spector originally set out to raise a $15 million Series A, but his presentation so skillfully combined cute pet visuals with market research and traction metrics that he ended up closing the round for $20 million. .

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Dutch’s talent deck tells a compelling story about how the company used seed funding to launch a service within three months, build a brand identity, build a team, and expand from 12 to 32 states, writes Haye Jan Kamps in Pitch Weekly. Deck dismantling.

If you’re working on a presentation and need some inspiration, start here – all 17 slides are available for TC+ members.

(TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here.)

Big Tech Inc.

Row, row, row your peloton: Right guys, Peloton is trying to put an end to hard week on a positive note, adding another paddle to the competitive rowing machine market. After selling my Peloton bike in 2019, this caught my attention as I fell in love with rowing. I hope the price is a little more budget friendly than the bike.

Zoom gets its customer service day: Video communications giant acquires conversational AI company Solvvy to offer customers a service experience with the Zoom toolkit. The company’s stock rose on the news, so it seems like Zoom made a wise choice.

Don’t miss these stories:

Credit: techcrunch.com /

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