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The TechCrunch Top 3 - Just a 'realignment’: Microsoft is the latest Big Tech company to announce layoffs. It's just a small portion of its workforce — less than 1% of its 180,000-person employee base — and Kyle reports the company said the move was the result of "realigning business groups and roles." We have a feeling there will be more announcements from other companies doing the same.
- Who knew a whiteboard could be so exciting?: Hearth Display, that's who. The startup brought in $2.8 million to turn your whiteboard into a 27-inch display to show off the family's to-do list, Ivan writes. It has a bit of a hefty preorder price tag — $499. It comes with 2 years of free software, but better get it now before that becomes $699 with $9 per month for software.
- Hopefully no one was injured: SpaceX's Starship test last evening ended in an explosion. Darrell has more.
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Startups and VC They say there's a market wobble in progress, but you wouldn't think so by the number of new funds and venture firms that got announced today. Six of them, in fact: Whew! That was a lot of new funds all in one day. Don't worry, though, we have some nonfund news too: - Airlift comes down for landing: Manish reports that Pakistan's Airlift is shutting down, citing funding and market conditions.
- The machines are still learning: Kyle reports that Tecton raises a whopping $100 million, showing that machine learning continues to be a growth market.
- Oh, it's Nothing: There's a shiny new smartphone on the block, as Nothing's Phone (1) is officially announced, Brian reports.
- Living on the edge: Another monster round in the computing space, as Scale Computing secures $55 million to help companies manage their edge-computing infrastructure, Kyle writes.
- Hello, swimmers: Posterity Health wants to help address male fertility needs, Kate reports.
- Dude, where are you?: It sucks to not be able to hear the person on the other end of the line. New tech is on the way in the form of this open source earbuds project, reports Haje.
- We're charged up!: In a world where a lot of cars are moving to being battery-powered, battery recycling is seeing a lot of investor interest, reports Jaclyn.
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| Basic best practices will not help your company endure this winter, so we invited M13 managing partner Karl Alomar to join us on a Twitter Space to discuss six strategies for leading startups through a downturn: - Using "ruthless prioritization" to find proof points.
- Investors still expect "healthy growth."
- Why founders need to secure 24+ months of runway.
- How to talk to your investors about pivoting.
- When it's okay to leave money on the table.
- What you need to do differently to fundraise during a downturn.
Based on his time leading startups through the dot-com implosion in 2000 and the 2008 Great Recession, Alomar says it's critical for founders to be strategic and not reactive. "The decisions you make in your business are going to affect all the people that work for you, so you have to be able to manage and communicate across all those stakeholders very effectively," he said. (TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.) Read More | |  Image Credits: horstgerlach / Getty Images | | |
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