Daily Crunch: Mark Cuban admits my bets on Shark Tank lost.

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Fri-yay! Grab your calendar and mark November 17, 2022 on it, then buy yourself a plane ticket to Miami, Florida. That’s right, TC Sessions continues, with special crypto event. This is our first dedicated crypto event, so come and power up your NFTs, blockchains and web3. Get your tickets today and save a couple hundred bucks! — Christine as well as Hadje

TechCrunch Top 3

  • Exceptional Grades: This is our game with Better Opinions, an Indian startup that claims to be building a “prediction market” and could be Meta’s next acquisition in the region. Manish writes.
  • Rolling with Defaults: Microsoft users will want to set their calendars to July 27th. That’s when the tech giant will block Office macros by default to cut down on the amount of malware coming through email. It is something Carly reports were suspended by Microsoft earlier this year, but are now back in full swing.
  • The downsizing of one company is a lesson for another company: Big Tech taking a timeout on hiring could give startups some leeway to dive into that talent pool and come back with some like Alex says: “human capital for their financial capital.”

Startups and VK

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Shark Tank, America’s favorite TV show that masquerades as “This is how investing works,” made Mark Cuban a household name. Then it may come as a surprise that in general, Cuban did not profit from his Shark Tank portfolio, Amanda reports.

Passenger call services could get a boost: “We needed to hire our drivers so we could not only select and check, but importantly, train them and manage their performance so that ensure a consistently high quality of service for our passengers”, said the founder of Alto. Rebecca.

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Oh and Hadje was very excited about an interview with the CEO of Sarcos Robotics and Boston Dynamic about how take the robots from the lab to the real world.

More? More!

How to Check if the Founder and Investor Matches Before You Start Fundraising

Thermal image of a woman kicking a car tire on the side of the road;  alignment of founder and investor

Image credits: Joseph Jacomin (Opens in a new window) / Getty Images

Everyone wants to start their own company, so it is very important to find an investor who shares your values ​​and point of view.

It’s especially tempting to take the first offer that comes in, but “choosing the right partner for the right phase of your business can make the difference between building a billion-dollar company and losing control.”

Partners Evan Kipperman, Paul Hughes and Len Gray of the law firm Wiggin and Dana shared a post with TC+ that looks at the ins and outs of working with institutional investors, angels, friends and family, and other types of capitalists.

“As funding becomes more difficult, your risk tolerance may change, but your investor evaluation process should not change.”

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

Big Tech Inc.

Apparently, this was the day people announced they were leaving companies. The first, Kirsten reports on VW Group CEO Herbert Diesswho retires after four years at the helm. Porsche boss Oliver Blume was appointed by the board of directors to replace Diess effective 1 September. Perhaps the move was foreshadowed – Kirsten writes that Diess “has endured a series of clashes and power struggles with the board of directors and labor unions over the past two years.”

Next, just like SAP announces second quarter earningsTechCrunch has learned that DJ Paoni, president of SAP North America, is leaving after 26 years. Natasha M as well as Ron have more.

Natasha M was also all over the latest story about Apoorva Mehta, the executive chairman of Instacart, who announced via Twitter that once the company goes public, he will step down.

Now let’s move on to talking about earnings for the second quarter. Snapchat reports revenue growthbut did not live up to analysts’ expectations and refused to predict future financial results, Aisha reports. Later, Lucas writes that Snap shares didn’t do so well as a result. Meanwhile, Twitter reports quarterly drop in sales and also revealed that she spent $33 million trying to close a deal to acquire Elon Musk. Paul writes.

Even more:

  • Copyright, copyright: Kyle digging a little deeper into commercial artificial intelligence generating imagesand related legal issues in light of the launch of the DALL E-2 Beta.
  • Don’t let it confuse you: We enjoyed Amandas look into TikToker, which may have interfered with some pink sauce which allegedly had questionable nutritional information, and some customers reported that the sauce bottle exploded in packages before it reached them.
  • Do you want to ride?:Jacqueline today offers us some automotive porn with a review of Cadillac Celestiq’s flagship electric car and some automaker’s explanation on why it’s his”the most perfect car in 120 years“.
  • move over: Oh, and Tesla and its suppliers now has its own dedicated lane when crossing the Mexican border, Rebecca reports.

As you know from the above, there were TC Sessions: Robotics yesterday, and so you don’t miss out, here are a few highlights from Brian as well as Devin:




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