Daily Crunch: Stripe stripped down: Fintech leader lowers internal valuation by 28%

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Oh, and welcome to Thursday! It was another busy day with lots of news. We have collected the cream of the crop for you. Ouch! And if you want to be part of Disrupt with your startup, don’t forget apply for Battlefield 200 startup!

On July 21st we have an incredible lineup for our TC Robotics event – and something is wrong with the marketing guys because they decided to make the event free. Get your ticket today in case they change their mind… Christine as well as Hadje

TechCrunch Top 3

  • Up in the air tonight: Brian gives us an inside look at the new Apple MacBook Air M2. Let the pros and cons begin!
  • Lost a couple of strips: Anita, Natasha M as well as Mary Ann united to fight news strip that he was the last to cut his internal estimate. For those who love: “What?” they explain that this means that the price of preferred shares being traded is determined by a third party, not by startups or venture capitalists. It is also interesting that this is a rarity for the company.
  • Into the mirror: We enjoyed Dominique-MadoriA deep dive on TechCrunch+ into some predictions of what black VCs and founders can expect from the investment community in the second half of this year.

    The stock chart moves up and down

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    Image credits: Yuichiro Chino/Getty Images

Startups and VK

“We could take money from crypto funds, but take it harder from the gaming industry and believers,” said Raz Friedman, co-founder of UnCaged. Jacqueline in an interview regarding the company’s $24 million fundraising. “We are primarily a gaming company that uses and implements web3 into games, not a web3 focused company.”

“We envision You.com as a search platform that is open and allows others to use all of the search technologies we’ve built,” said Richard Socher. Kyle for his story about You raised $25 million. “Data transparency, user customization, generalization, privacy, and modern search are the foundation of our platform, and in the long term, we have surpassed Google by empowering the world to create new search experiences together.”

🎶 More, more, give me more (what a wonderful tune).

Five Investors Explain Why Latin America Is Ready to Survive the Crypto Winter

Bitcoin sign on the snow;  latin american crypto survey

Image credits: gece33 (Opens in a new window) / Getty Images

Even as the group of crypto companies continues their catastrophic collapse, investors backing DeFi startups in Latin America are “preparing for a recovery,” according to Anna Heim.

She interviewed five investors who have invested in companies in the region’s crypto and DeFi sector to learn more about how their spirit has changed since the start of winter and why consumer adoption is stronger in Latin America than in other markets:

  • Matthias Nisenson, co-founder of DeFi Wonderland
  • Christine Chang, Head of Corporate Development and Venture Business, Tribal
  • Patricio Jutar, co-founder and general partner of Newtopia VC
  • Claire Diaz-Ortiz, Chair, Startup Committee, VC3; scout, Kleiner Perkins
  • Andy Areitio, General Partner of TheVentureCity

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

Big Tech Inc.

Before diving into today’s important technical stories, we’d like to point out a few stories from late last night that continue to grab our attention for a second day.

The first Kirstenreport on the question of Top Tesla AI executive on the Autopilot team will return. We can now confirm that this is a negative result. For all those DoorDash Lovers there in the US, the intermediate lows are likely to increase in your area, Rebecca writes. Meanwhile, Sarah based on a report that TikTok has overtaken YouTube as a place where all children and teenagers spend their time. And Rebecca also told how Uber sued more than 550 women regarding allegations of sexual harassment by drivers.

Okay, now for the show. Our colleagues did such a good job on the second day that there is something to dig into. By now you already know that Twitter went down this morning for users around the world, Amanda reports. Alex was not laughing. During the chaos, Twitter started testing some new features. Amanda also wrote about what users are reminded of add alt text to photosbye Ivan described his new timeline custom test.

In financial news Kyle reports on Plaid adds read-only support for cryptocurrency exchanges. Finally, Manish covered the Indian Internet and Mobile Association, a technology advocacy group that decided to give up cryptocurrencies over regulatory uncertainty.

Credit: techcrunch.com /

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