Writer claims SBF wanted to pay Trump $5B not to run for re-election

TechCrunch Newsletter

By Christine Hall Monday, October 02, 2023

Just when you think you know all there is to know about Sam Bankman-Fried, a new interview comes out that shows us that we don’t know anything. In today's top story, we bring some highlights of SBF's interview with "60 Minutes" and why people are not amused. Wait, there's more: All eyes will be on his impending trial this week. So let's take a look at how he — and FTX — got here. Meanwhile, spend management is a hot topic right now because of how much of a pain point it is for big and small companies alike. Meet Pivot, a French company that wants to simplify it. Find out how. And it's time to get your hands on the new Chromebook Plus, which will set you back $399. Get the scoop on this new category. Meanwhile, if you love all things Google Pixel (it's personally my phone of choice), here's how to stream the Pixel 8 reveal happening October 4. Image Credits: Michael M. Santiago / Getty Images

More top reads Cars and quarterly earnings: Tesla is pointing the finger at some factory upgrades that resulted in downtime that caused it to miss on Q3 delivery expectations. Meanwhile, Rivian faced the opposite problem with its third-quarter deliveries beating expectations. It was also a 23% jump from the previous quarter. AI, it's everywhere: Spotify was spotted developing AI-generated playlists created with prompts. Learn more. Obsessing over PDFs: Reading can be such a drag. Fortunately, Humata AI developed a program that summarizes and answers questions about your PDFs. Research is suddenly fun again. New fund alert: Alpaca VC unveils two new investment vehicles, including one that taps into its real estate roots. It doesn't just invest in real estate, though. Robots on the farm: Eyeing vision-based autonomy for farm equipment, Bonsai Robotics raises $10.5 million. Find out what it is doing to help farmers. Testing, testing . . . Is this ad on?: Are ads getting in the way of your daily scroll through TikTok? Is $4.99 burning a hole in your digital wallet each month? Well, TikTok can help you with both. The streaming giant started testing a $4.99, ad-free subscription tier. Learn more. Data spill: India's national logistics portal exposed sensitive personal data and trade records. Find out how. Streaming the day away: X, formerly known as Twitter, is set to test livestream shopping in a partnership with Paris Hilton. Get the scoop. Meanwhile, amid all that Twitter chaos, Mastodon grew donations 488% in 2022 and reached 1.8 million monthly active users. Read on. We don't like to MOVEit, MOVEit: There's more relief from the MOVEit hack in the way of a patch for new actively exploited security flaws. Read more. Brrrr, it's cold in here: There must be more of that crypto winter — web3 funding is down again. (TC+) Weekend warriors you may have missed: A tale of two research institutes How much can artists make from generative AI? Vendors won't say Humane's 'AI Pin' debuts on the Paris runway Image Credits: Rivian

TC Opinion: We need to break Big Tech's data broker industry Could a new, decentralized social networking protocol protect personal privacy, spark innovation and give consumers greater control? “Democracy is under siege. Our digital fingerprints are being sold,” writes Martina Larkin, CEO of Project Liberty. “And digital ownership is being crushed by the small group of tech giants who control the internet as we know it.” If you’d like to submit an opinion column to TechCrunch, please read our new editorial guidelines. Read More Image Credits: Francesco Carta fotografo / Getty Images

How to raise a Series A in today's market Follow-on financing has become harder to raise, which leaves startups striving for a Series A in a real bind. Pre-downturn, companies with a good narrative could reach the next level, but today’s investors are looking for hard numbers that demonstrate future potential. At TechCrunch Disrupt, Tim DeChant interviewed three VCs to get their advice for founders who believe they've achieved product-market fit: Maren Bannon, co-founder and managing partner, January Ventures James Currier, general partner, NFX Loren Straub, general partner, Bowery Capital 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. Read More Image Credits: Eric Slomonson/The Photo Group/TechCrunch / Flickr under a CC BY 2.0 license.

On the pods Equity‘s kicking off Q4 2023 with a look at the global stock market, what’s ahead for SBF, Amazon and the FTC, and why we’re seeing so many seed-stage fintech deals. Listen here. Read More Image Credits: Bryce Durbin

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Former crypto hedge fund manager sentenced to prison after not complying with court orders

TechCrunch Newsletter

By Christine Hall Friday, September 29, 2023

In today's top story, Three Arrows Capital's Su Zhu was arrested in Singapore while attempting to leave the country. The co-founder of the now-defunct crypto hedge fund was sentenced to four months in prison. Zhu is not the only one investigators want to arrest. Meanwhile, Apple has been busy revamping and updating much of its operating system lately, and now it’s iCloud.com's turn. See what's new in features for Drive, Mail and Notes. And Discord resolved a widespread outage caused by "unusual traffic spikes." Wonder what you all were doing . . .  Image Credits: Getty Images

More top reads A chip off the old butcher's block: Meal kits were where it was at for a lot of people who didn't want to stress about what to make for dinner. Now one of the biggest ones in the sector was just sold. So what happened to Blue Apron? (TC+) More people or more impressions?: X, formerly Twitter, has paid almost $20 million to creators, according to its CEO. We break down what that could mean. Meanwhile, Twitter's former head of trust and safety says X is headed for a "rule of law" clash with the European Union. Read on. Discounted: It's rumored that WestBridge Capital is in the advanced stages of inking a deal to buy a stake in India's Meesho. Get the scoop. Google Pixel Event: Next week, Google unveils its new Pixel products. See what's on tap. Pitch Deck Teardown: I point, you point, let's all point at point.me's $10 million Series A deck and learn what Haje liked and didn't like. (TC+) No fakers here: BeReal pushes back at a report claiming the social media app is losing steam by saying it now has 25 million daily users. Find out why BeReal objects. Europe's got capital: Two large equity funds launched out of Europe this week. What are we to make of this? VC Office Hours: Pivotal Ventures' Erin Harkless Moore discusses how data can help improve social impact investing. Learn how. (TC+) Off balance: Startups may have trouble finding their enterprise footing, even with the software market softening. Here's why. (TC+) Image Credits: Michael Nagle/Bloomberg / Getty Images

How to pitch me: 7 investors discuss what they're looking for in September 2023 This week, Walter Thompson surveyed seven venture capitalists about what early-stage investors are currently looking for in a new investment. You're also in luck — six out of the seven listed below included their contact details. Now the only hard part is crafting a story about your startup that's so convincing, they'll recognize the value in your idea and wire you some cash. Read how the following investors prefer to be approached and which questions they're most likely to ask once you're in the room: Maria Buitron, principal, Piva Capital Karl Alomar, managing partner, M13 Raja Ghawi, partner, Era Ventures Anamitra Banerji, managing partner, Afore Capital Mukaya (Tai) Panich, CIO and CEO, SCB 10X David Phelps, founder, chairman and CEO; Merlin Ventures and Merlin Cyber Kavita Gupta, founder and general partner, Delta Blockchain Fund 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. Read More Image Credits: Masahiro Makino / Getty Images

On the pods Equity has the update on the writers strike’s implications on AI, deals of the week from OpenAI and Arc, YC and the role of accelerators in the startup world, and shifts in the tech labor market as layoffs subside. Listen here. Read More Image Credits: Bryce Durbin

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