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Thurs here – how in the world did that happen? Those days, they just kept coming. If you’re still on the fence about whether to participate in Disrupt, we’ve got you covered: There’s a Disrupt pass for every role and budget.
It also appears Elizabeth Holmes, the founder of Theranos, isn’t headed to jail today after all. Her 11-year sentence was due to begin, but then things happened. Cosmic The whole story.
Top Techcrunch 3
- More layoffsDropbox CEO Drew Houston announced today that the company will lay off 500 employees, or 16% of its workforce. Ingrid Houston Reports said the cuts were due to slowing growth and the “age of artificial intelligence.”
- Get your popcorn ready: Warner Bros. entered. Partnered with Viacom18 to bring “Succession” and other HBO content to India. Manly… masculine he has more.
- Legacy learns to embrace AI: Jagmeet He delves into how legacy financial software giant Intuit decided to lay out the AI welcome mat instead of closing the door and turning the lock.
Startups and VC
Posh is an event management and ticketing platform for all users to host large or small events, no matter if you are an event planner, promoter or just want to charge your friends for drinking all the expensive alcoholic beverages at your birthday party. Lauren It was reported that Posh announced its public launch today after being in beta since October 2020. Along with the launch, the company also announced its $5 million seed round.
The concept of SaaS as a business model has changed the game in technology by moving users away from purchasing software outright and towards paying for service availability based on time-based subscriptions, usually at a monthly or annual rate, Ingrid reports. Today, a startup out of London called M3ter that is building tools to take the next step in this evolution – more accurate pricing based on usage – is announcing financing on the back of strong demand. The company raised $14 million.
more? Well, here are a bunch more for you:
Capital efficiency is the new venture capital filter for startups
Image credits: PM photos (opens in a new window) / Getty Images
For some B2B SaaS startups, focusing solely on the LTV:CAC ratio is a great way to hide poor customer metrics. Segmenting customer lifetime value by customer acquisition cost can provide useful insights, but only if you have accurate retention data — and plenty of it.
“Today, investors are zooming in on other efficiency metrics that paint a more reliable and comprehensive picture of a startup’s capital efficiency, and so should you,” says Igor Shavirsky, partner at Waveup.
In this TC+ column, he presents a formula and criteria for calculating a CAC payoff, which reveals to founders (and potential investors) “how long it will take to pay off your customer acquisition costs.”
Three more from the TC+ team:
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BigTech Inc.
Let’s talk about Meta today, shall we? Yesterday, the company reported that its earnings exceeded revenue forecasts, as covered Amanda. But that’s not all: Our colleagues garnered some anecdotes, including that the company said 10% of its global ad revenue is at risk from EU data flow orders. Natasha L He has more on that. Also, time spent on Instagram increased by 24%, thanks to TikTok-style AI Reel reports and recommendations. Daryl.
Meanwhile, Meta also scored a win in court, with an appeals court ruling in favor of the tech giant regarding an antitrust case brought by the state’s attorney general. pleasant He writes that “states have alleged that Meta illegally retained monopoly power in the social networking market through its acquisition of photo-sharing app Instagram in 2012 and WhatsApp in 2014, and that it gained further power through data policies that harmed app developers.”
Now here are five more for you: