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Thursday is here, how the hell did that happen? Those days, they just keep coming. If you still don’t know if you want to participate in Disrupt, we’ve got you covered: There’s a Disrupt Pass for every role and budget.
it also seems Theranos founder Elizabeth Holmes won’t go to jail today after all. She was scheduled to start her 11-year sentence, but then things happened. Conny has the full story.
TechCrunch Top 3
- more layoffs: Dropbox CEO Drew Houston broke the news today that the company will lay off 500 employees, or 16% of its staff. ingrid reports that Houston said the cuts are due to slowing growth and “the age of AI.”
- Prepare the popcorn: Warner Bros. partners with Viacom18 to bring “Succession” and other HBO content to India. manish has more.
- Legacy learns to embrace AI: jag reunion delves into how legacy financial software giant Intuit decided to lay out the welcome mat for artificial intelligence instead of closing the door and turning the bolt.
Startups and VCs
Posh is a ticketing and event management platform for all users to host events big or small, regardless if you are an event planner, promoter or just want to charge your friends a cover for drinking all the expensive alcohol in His birthday party. lauren reports that Posh announced its public release today after being in beta since October 2020.. Along with the launch, the company also announced its seed round of $5 million.
The concept of SaaS as a business model changed the game in technology by moving users away from buying software outright to paying for service availability based on time-based subscriptions, typically priced monthly or yearly. ingrid reports. Today, a London startup called M3ter that is creating tools to take the next step in that evolution (more granular usage-based pricing) is announcing financing on the back of strong demand. The company has raised $14 million.
Further? Alright, alright, here’s another handful for you:
Capital efficiency is the new VC filter for startups
Image Credits: PM images (Opens in a new window) / Fake Images
For some SaaS B2B startups, focusing solely on the LTV:CAC ratio is a great way to hide weak metrics from customers. Dividing customer lifetime value by customer acquisition cost can provide useful information, but only if you have accurate retention data, and lots of it.
“Today, investors focus on other efficiency metrics that paint a more reliable and complete picture of startup capital efficiency, and so should you,” says Igor Shaverskyi, a partner at the venture capital firm. Waveup.
In this TC+ column, he offers a formula and benchmarks for calculating CAC payback, revealing to founders (and potential investors) “how long it will take them to pay off customer acquisition costs.”
Three more from the TC+ team:
TechCrunch+ is our membership program that helps start-up founders and teams get ahead of the rest. You can sign up here. Use code “DC” to get 15% off an annual subscription!
big tech inc
Let’s talk about Meta today, shall we? Yesterday, the company reported that its earnings exceed revenue expectationscovered by amanda. But that’s not all: our colleagues caught a few details, including that the company said 10% of their global ad revenue was at risk of the order of data flows of the European Union. Natasha L. has more on that. Also, time spent on Instagram grew by 24%thanks to the recommendations and reports of AI Reel in the style of TikTok darrell.
Meanwhile, Meta also scored a victory in the courts, with an appeals court ruling in favor of the tech giant regarding a antitrust case filed by state attorneys general. Sarah writes that “the States alleged that Meta had illegally maintained monopoly power in the social media market through its acquisitions of the photo-sharing app Instagram in 2012 and WhatsApp in 2014, and that it gained further power through policies of data that hurt app developers.”
Now here are five more for you:
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