Sequoia’s advice largely followed the same script that other venture firms have been using: extend runway, focus on sustainable growth and recognize that an economic recovery may be a ways away.
Hey everyone, and welcome back to Chain Reaction. Last week, we talked about the rough road ahead for Coinbase. This week, we’re talking a bit about Andreessen Horowitz’s multibillion-dollar bet on web3’s continued viability. Read on to check out the latest episode of the Chain Reaction podcast as well. To get this in your inbox […]
Daily Crunch: With Bungie under its wing, Sony plans to invest half of its PlayStation Studios development budget on live service games this year
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
It’s been a rough month in the tech sector. We’ve rounded up week after week of layoffs, and according to aggregator layoffs.fyi, over 15,000 tech workers have lost their jobs this month. Hopefully the sun will come out in June. A number of tech companies that enjoyed pandemic-related surges are facing a correction, due to […]
It’s Friday and the world is falling apart, so let’s just take a short mental health break with some interesting news out of the field of archaeology, where tech is enabling some fascinating new discoveries. A new lidar-powered analysis of land in the Amazon basin has provided evidence of a previously unknown urban center of […]
Decentralization can mean different things to different people, but most in the web3 community agree that it is one of the key factors to what makes crypto, well, crypto.
Elon Musk announced in a tweet on Friday that Starlink, the satellite internet service launched by SpaceX, his space exploration company, has been approved in Nigeria and Mozambique. This news is coming three days after Musk answered a tweet about the service launch in Africa. “Yes, first countries in Africa to be announced coming soon,” […]
Before founders begin building AI systems, they should think carefully about their risk appetite, data management practices and strategies for future-proofing their AI stack.
Bacterial secretions might dye your future wardrobe, and that’d be an improvement. That’s because textiles usually get their hues from toxic chemicals, and the resulting wastewater — laden with dyes, acids and formaldehyde — destroys rivers, such as those surrounding Dhaka, the capital city of Bangladesh. Wastewater treatment, when it happens, is just one of […]