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Hello, you sparkling souls!
Thursday is upon us again. Have you ever noticed how Thursdays seem to keep coming with an alarming regularity? It feels like about once a week, but that’s anecdotal. More research may be needed. Our incredible team of writers have a wealth of great news and analysis available to you today.
The londonbusinessblog.com Top 3
- More to the story: carly tracked this month’s Twilio breach, which compromised the credentials of approximately 125 customers and businesses. Well, the hackers went wild and now it looks like nearly 10,000 employees have been compromised, according to her new story.
- Learn more: Alchemy, a cryptocurrency developer platform, made its first acquisition in ChainShot, a bootstrapped education startup that runs coding bootcamps for aspiring web3 developers. Anita has more.
- Web 3 thread weaving: As Ingrid notes, there is “a lot of hype around web3”, but building platforms within the space is still relatively new. That makes thirdweb banking $24 million in Series A funds a little exciting. The startup, now valued at $160 million, is creating a toolkit for easier web3 product development and has become a big name in just nine months.
Startups and VC
hi‘s Pitch Deck Teardown series continues, this time looking at the card game Simba Chain used to raise its $20 million Series A. It’s available on londonbusinessblog.com+, our subscription product, but guess what – we were able to persuade our subscription team to give Daily Crunch readers a discount! Use promo code “DC” to get 15% off your annual subscription.
This week we did a fascinating londonbusinessblog.com Live with Benchling and Benchmark where the team discussed why it’s vital to build a moat around your early clients. The recordings are now available, and are well worth watching or listening to; we learned a lot!
A few more highlights from the startup:
In a down market, good coverage is not enough for managing international teams
Talent is spread all over the world, which means that startups that don’t respect cultural differences are chasing themselves.
With many startups in cost-cutting mode, it’s critical to follow local laws and social norms when it comes to laying off employees, said Sendbird CEO John S. Kim.
After leaving two startups with international teams, he has written a TC+ guest post to help founders communicate with employees in turbulent times.
“A company not only has a responsibility to keep employees informed about what’s going on, they also have to do it in a way that best suits their respective audiences.”
(londonbusinessblog.com+ is our membership program that helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
At a time when India’s central bank is cracking down on robbery, Google says it has removed more than 2,000 personal loan apps from the country’s Play Store this year. Jagmeet writes. The apps in question have been found to do things like charge high fees, “pull ethical boundaries” and in some cases “companies also use credit to launder money for Chinese companies,” he reported.
In Instagram land, the social media giant now allows users to share posts, roles and locations through QR codes, Ivan reports. Seems a lot easier than some of the other ways, including copying the message link, going to another app, pasting it there and then posting, amirite? In addition, Instagram now has a restrictive content standard for new users under 16 and a prompt for existing teens, Sarah writes.