Everyone is developing their own note on the launch of Black Swan – TechCrunch

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“Often you can gain significant market share in an economic downturn just by staying alive,” said Y Combinator, chief startup accelerator. wrote in an internal email to its founders this week. The parade was one of ten items in a note designed to help companies navigate the economy crushing technology. Other great quotes include “plan for the worst” and “no one can predict how bad the economy will be, but things don’t look so good”.

Email is a shift away just a few weeks agowhen hundreds of Y Combinator startups – many of which have already attracted venture funding – introduced themselves to the public on Demo Day. Startups were the first to receive a new standard Y Combinator check for $ 500,000, and were aggressively focused on international opportunities. Now YC says “this slowdown will have a disproportionate impact on international companies,” among others.

While the Y Combinator’s note wasn’t supposed to be public, it’s not the only one publishing Black Swan’s note in preparation for what’s to come. TechCrunch received a series of memos that venture capitalist firms sent to portfolio companies about the market downturn. Some were hopes, some were simple, and others were simple checks like: Can you tell us your ARR and cash expenses in writing? Enough, please?

I researched this topic in my latest TechCrunch + column, “It’s not as usual (and investors admit it).” Subscribe to Equity for a podcast version of this conversation next week! In the rest of this newsletter, we’ll talk about additional layoffs in technology companies, ghosts showing dates of up to $ 44 billion, and Swyft startups. As always, you can support me by redirecting this newsletter to a friend or follow me on twitter or my blog.

So here it is. Many. Dismissal.

The May crazy month of layoffs continues. Amanda and I wrote Fr. the third part of technological layoffs which applies to all industries and stages. Employees of Section4, Carvana, DataRobot, Mural, Robinhood, On Deck, Thrasio, MainStreet and Netflix have suffered from job cuts. Some large companies are introducing a hiring freeze, such as Twitter and Meta, or announcing a change in strategy, such as Uber.

Here’s why it’s important: At the time of publication, employees of Picsart, Netflix, Cars24 and Skillz were affected by a wave of layoffs this week. This tells us who is vulnerable in terms of business model – such as subscription-based businesses and marketplaces – and that companies may start conducting more than one round of layoffs in the same month (cough, cough, Netflix).

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About the promotions this week, your favorite trio of podcasts talked about unicorns, real estate technology and, as you can tell from the headline, the latest in Ilona Mask’s story on Twitter. At this point, we decide whether to even try to follow the timeline.

Here’s why it’s important: Our weekly technical news digest is a good way to keep up with the great news that is shaping this amazing landscape, and be aware of deals that may have flown under your radar. In this case, we spent most of the time making a decision why Elon Musk is delaying a date of $ 44 billion what he did with Twitter. The answer doesn’t seem so complicated because he’s more interested in the chase than in the handcuffs.

After we recorded our episode, the investigation revealed more news about Ilona Mask by Business Insider. Elon Musk is believed to have exposed himself to the SpaceX flight attendant and offered her sex. The company paid $ 250,000 for her silence, Business Insider reports. Musk has since denied claims of harassment. Read the whole story here.

Image credits: Westend61 / Getty Images

Deal of the Week

Swift City! The company from Mountain View, created by Google’s alumni, wants to improve transportation and offer a vehicle with a lower price per mile with less carbon emissions. The solution looks like a stand-alone, lightweight vehicle with a fixed cable. The startup won the TechCrunch Sessions: Mobility 2022 competition, and Beyond Aero took second place.

Here’s why it’s important: Swyft has ticked a lot of “we don’t wave” ticks. Together with MVP and a debut deal with a client, the company has set up an R&D center in Christchurch, New Zealand. It is also collaborating with Remarkables Park in Queenstown, a large office, retail and residential space, to develop a network of autonomous gondolas, This was reported by TechCrunch. It is scheduled to launch by August 2024.

A week later

Seen on TechCrunch

Seen on TechCrunch +

See you next time

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