Monday, July 17, 2023

Citing improved manufacturing efficiencies, Ford chops its F-150 Lightning EV base price

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By Christine Hall

Monday, July 17, 2023

Today's top story is about Ford's significant price cut to its F-150 Lightning electric pickup. See how much.

Designing websites can take as long as you want to take. But Wix doesn't think customers want to spend that much time creating entire websites. Learn how its new tool helps you do it from prompts.

Meanwhile, Microsoft isn't eager to talk about how Chinese hackers stole a key that enabled them to hack into certain U.S. federal agencies. However, the company is opening up a little bit.

If you're looking for a crypto card, Gnosis launched a Visa card that lets you spend self-custody crypto in Europe. It's coming soon to the U.S. and Hong Kong. It's the best of both worlds.

And robotics firm Figure already announced that its humanoid officially took its first steps, and now it has some new backing from a top company. Find out more.

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Image Credits: Ford

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Not without my permission: Meta was temporarily banned from running behavioral advertising on Facebook and Instagram in Norway unless it obtains users' consent to the processing.

Get paid: Thunes pockets $72 million at an over $900 million valuation to expand its cross-border, B2B payment platform.

Clickety clack: We have a review of the OnePlus 81 Pro mechanical keyboard. See also Corsair is buying mechanical keyboard maker Drop.

Going cashless: Lee Fixel's Addition leads a $6 million seed round into Egyptian fintech Flash, helping people go cashless through QR codes.

More companies losing their keys: JumpCloud says nation-state hackers breached its systems. Speaking of breaches, if cybersecurity isn't recession-proof, what is? (TC+)

"Unwavering optimism": TLV Partners raises a new $250 million fund amid civil unrest in Israel.

See her: Herself Health, founded by former Amazon Care lead Kristen Helton, raises $26 million to provide primary care to women 65 and over.

This one probably won't mow over the competition: The $2,899 EcoFlow Blade robotic mower disappoints with shoddy hardware and software.

It's best to know when to say when: While founders don't often want to separate themselves from the company they birthed, some realize that's the best thing to do for the company to succeed. In this TechCrunch+ story, one founder talks about when he knew it was time to replace himself as CEO. Speaking of new CEOs, Tubi appoints Vimeo's Anjali Sud as its new CEO.

More for your Monday:

Rocket Lab aiming to advance Electron reusability with tonight's launch

Virgin Galactic gearing up for second commercial suborbital flight in August

India's Furlenco to sell 35% stake for $36.5 million

A tale of two climate tech SPACs (TC+)

Artiphon's latest mashes Orba and Instrument 1 into a clever new music maker

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Image Credits: Getty Images

All money is not created equal: What raising venture debt looks like

In an excerpt from his new book, All Money Is Not Created Equal, Runway Growth Capital CEO/founder David Spreng gives TC+ readers a vivid explanation of how venture debt is raised.

From the breezy intro meeting all the way through “confirmatory due diligence," this article describes the process from the lender’s side of the table. Some good news: you won’t need a new pitch deck, and venture debt lenders “don't have a problem with” signing NDAs, says Spreng.

“I would estimate that everything I've outlined above should take about four to five weeks from our first phone call,” he writes. “That means you'd probably have a term sheet by Week 5.”

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Friday, July 14, 2023

Meta cuts Threads: Company says it's blocking access in Europe over privacy regulations

TechCrunch Newsletter
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By Christine Hall

Friday, July 14, 2023

Today's top story was about everyone's favorite new app, Threads. We already knew that it wasn't available in the European Union due to privacy concerns; however, after some users in the EU complained about not being able to access the app, even through a VPN, Meta confirmed that it was blocking EU-based users from access that way, too.

Meanwhile, some things just take time. In this case, India's Chandrayaan-3 blasts off to the moon, four years after its predecessor failed in its mission. Learn more.

And if you chose "Kahoot" as the answer to the question, "Who went private today?" you'd be correct. The gamified e-learning platform was acquired in a $1.7 billion deal. Find out who was involved.

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Image Credits: georgeclerk / Getty Images

More top reads

The Pitch Deck Teardown of GoodBuy Gear's $11 million Series A deck had a lot to love and was today's top TechCrunch+ story.

Don’t spend it all in one place: Flipkart made a $700 million payout to employees following the PhonePe split.

LG goes all in on a new strategy: LG Electronics is planning to invest $39.5 billion into home appliances and other emerging businesses in an effort to reach $79 billion in sales by 2030.

Google is not playing games: Google Play Games beta for PC expands to over 60 new countries, including India.

Headed into the cloud: A new report shows that on-prem data centers are hanging in, but cloud capacity is growing much faster.

Helping hand: Kenya's Lawyers Hub gains traction helping startups meet regulatory compliance.

We're not convinced yet: Sudden changes over at Fanhouse, which was acquired by Passes, aren't sitting well with some creators, who say they are apprehensive about the deal.

Nowhere is safe anymore: A deep dive into fire statistics shows NYC gig workers need help accessing safe e-bikes amid lithium battery fires.

Picking at that loose thread: This probably isn't a surprise, but designers are suing Shein over AI rip-offs of their work.

RIP: More news from Reddit — it is killing its Gold Awards system.

It's the start of the weekend, so treat yo'self:

8 reasons why the venture capital market isn't as miserable as you think (TC+)

Workers that made ChatGPT less harmful ask lawmakers to stem alleged exploitation by Big Tech

The bittersweet tale of two seed markets (TC+)

Making sense of the latest climate tech funding trend stories

Congress prepares to continue throwing money at NASA's Space Launch System

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VC Office Hours: How this venture thesis aims to improve tech for women

Dominic-Madori Davis interviewed Naseem Sayani, co-founder and managing director of Emmeline Ventures, to learn more about how (and why) her thesis focuses on “women founders building businesses that help other women manage their health, wealth and environment.”

In this Q&A, Sayani discusses how overturning Roe vs. Wade impacted the women’s health sector, where she’s looking for opportunities to invest in fintech and AI's  “game-changing” potential.

TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code "DC" for a 15% discount on an annual subscription.

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Get your TechCrunch fix IRL. Join us at Disrupt 2023 in San Francisco this September to immerse yourself in all things startup. From headline interviews to intimate roundtables to a jam-packed startup expo floor, there's something for everyone at Disrupt. Save up to $600 when you buy your pass now through August 11, and save 15% on top of that with promo code DC. Learn more.

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