After developers complain, Microsoft clarifies new policy on open source monetization – TechCrunch
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It’s time to do the Friday dance! We’ve mentioned our TC Sessions: Robotics virtual event a few times, but we have some great news for event fans. Hold on to your blockchains and hone those crypto wallets – we’re also hosting a TechCrunch: Crypto session in November! Have a nice week end! See you Monday. — Christina and haje
TechCrunch’s top 3
- Words mean it all: Microsoft has recently come under fire from developers for the way it formulated a new policy prohibiting taking advantage of open source software, and although the company has clawed back that policy, Paul gives a glimpse of what all of this will mean.
- No snakes and frozen statues here: Christina writes about Medusa’s $8 million seed round to take on Shopify with its open-source e-commerce tool for small businesses to grow their business beyond basic API implementations provided by marketplaces.
- PLANK: No, that’s not today’s Wordle answer – we’ve checked – but fans of the game will be delighted to know that the popular computer game guess the word is being turned into a board game, Ivan writing.
Startups and VCs
“We have entered an unprecedented combination of crypto winter and general macroeconomic instability, and we need to prepare the business for the possibility of a prolonged downturn,” OpenSea CEO Devin Finzer said as Lucas reports.
The question comes back alexanderthe spirit this morning is why venture capital investments are slowing down when so much capital has been raised by VCs to invest? (Read about it on TC+, our subscription product.)
NGL and Sendit apps are problematic, Sarah written, because they used deceptive tactics to trick their young users into thinking they were getting engagement from friends when they weren’t.
Kick off the weekend by wandering to this extremely dark and eerily menacing EDM track from Rüfüs Du Sol, while skimming over the best of the rest:
- Hi, is it nothing? brian just posted their review of the Nothing Phone (1), sharing that it’s “a refreshing change of pace in a smartphone market that has lost much of its sense of fun.”
- Hi, JMJ: The race is on, with a number of startups racing to create crypto-native, web3-friendly messaging platforms, reports Connie.
- Shields: With her new startup, Granitt, Runa Sandvik aims to help people at risk, such as journalists and activists but also politicians, lawyers, refugees and human rights defenders, against the threats they face in the world. framework of their work, Zack reports.
- You get a credit card, you get a credit card: Stori brings credit cards to underserved populations in Mexico. It raised $50 million in equity at a valuation of $1.2 billion, writes Mary Ann.
- They really go far: Vektor Partners Raises New $126M Fund to Look Specifically at Sustainable Mobility Companies, Reports Mike.
- These are the birds, and the bees, and the flowers, and the vee cees: Systemiq secures $70 million to fund seed-stage climate tech founders, reports Harris.
Pivoting Your Startup in a Bear Market: Becoming Undeniably Fundable
Every founder is looking for ways to save money right now, but focusing on saving money instead of creating efficiencies will only delay the inevitable.
In July 2022, investors won’t back companies that can’t demonstrate mastery of five core KPIs, according to Kraig Swensrud, founder and CEO of Qualified.
“We won’t be returning to the sugar peak of the past decade anytime soon, but with integrity, strong leadership and operational efficiency, we can not only survive, but thrive.”
(TechCrunch+ is our membership program, which helps founders and startup teams grow. You can register here.)
Big Tech inc.
brian writes that after testing drone delivery in California, Amazon is heading to the Lone Star State — that’s Texas, y’all — to start delivering in the city of College Station, home of Texas A&M University. Now, when Texans look up at the sky, it gives new meaning to “the stars at night are big and bright.”
As one of our colleagues noted, TikTok wrote a rather lengthy post essentially announcing that its security chief was stepping down. Aisha reduces the news to a more manageable length.
All of your Apple Music subscribers have gained another benefit with Apple Music Sessions, which provides access to audio recorded at Apple Music studios around the world. Country stars Carrie Underwood and Tenille Townes were the first to give it a shot, lauren writing.
Natasha L gave us a good headline today with his story about a proposal from European lawmakers to make it easier to share medical data across borders, but in a way that is also secure.
Oh, and Bungie is now officially part of Sony, taylor reports.
In case you missed it, our colleagues were hard at work yesterday, and here are some end-of-day stories we don’t want you to miss: