Welcome again to Week in Evaluation, our newsletter the place we wrap up lots of the prime tales to hit TechCrunch over the past seven days.
The huge factor this week, primarily based on what folks have been studying most, have been the small print of a memo despatched from Y Combinator to its portfolio founders.
Because the markets proceed to slip,YC is telling its portfolio founders that it’s time to batten down the hatches — lower prices, lengthen runway and get to a “default alive” state. “For these of you who’ve began your organization throughout the final 5 years,” YC writes, “query what you consider to be the traditional fundraising atmosphere.”
Manish has the full 10-point email right here.
Moreover extra unhealthy information in regards to the markets, what else was happening?
Apple testing a foldable?: Is Apple tinkering with the thought of folding telephones and/or tablets? Analyst Ming-Chi Kuo says Apple is testing E-Ink shows for the secondary show on an as-of-yet-unseen “future foldable”. As Brian factors out, although, “there’s an enormous gulf between testing and releasing” — in different phrases, don’t be too shocked if this one by no means sees the sunshine of day.
NHTSA probes Tesla crash: Earlier this month, a Tesla Mannequin S “hit a curb and slammed into building gear”, killing three. The Nationwide Freeway Visitors Security Administration is now wanting into the accident to find out if Tesla’s Autopilot system may’ve been concerned.
DOJ says it will no longer prosecute good-faith hackers: After means, means, means too lengthy, the U.S. Justice Division is re-evaluating the way it appears to be like at hacking circumstances, for the primary time outright stating that “good-faith safety analysis shouldn’t be charged” underneath the Laptop Fraud and Abuse Act.
Haje on Coke’s new bottle cap: “When [Coke] sends out a hand-wringing press launch about how superior they’re for launching a bottle cap the place the cap stays connected to the bottle ‘for environmental causes,’” writes Haje, “I’m sorry, my blood simply boils.”
PayPal Ventures alums launch a new fund: Inside just a few months of parting methods with PayPal Ventures, these three alums had raised an enormous new fund of their very own. The main focus? Fintech, and backing “startups that tackle ‘the most important hurdles’ in right this moment’s monetary infrastructure: entry, utility, flexibility, and value.”
We have now a paywalled part of our website known as TechCrunch+. It prices a couple of bucks a month and it’s stuffed with superb stuff! From this week, for instance:
Solo or co-founder?: You’re beginning an organization. Do you do it alone, or discover a co-founder? It’s a query I’ve heard requested just about each time I’ve been on a panel with VCs or founders. On this submit, co-founder of DocSend (acquired by Dropbox in 2021) Russ Heddleston shares his ideas.
Are startup layoffs accelerating?: It seems like we’re listening to about new layoffs each different day. How rapidly are startup layoffs accelerating? Alex Wilhelm dives into the information.
Relieving the world’s lithium shortage: Lithium-ion batteries, because the title suggests, require lithium. However “right this moment’s lithium mines can’t hope to fulfill the skyrocketing demand,” writes Tim De Chant. So the place will we get it shifting ahead? Tim takes a take a look at some potential options.