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What’s more, Crunchers! Haje is back from his far-ness, and we are chomping at the bit to bring you a wall of amazing stories from our dastardly team of TC wordcraftspeople. Let’s gooooo! — Christine and He came
The TechCrunch Top 3
- Here yesterday, gone now: “We need to review all the operations of the participants more closely before entering the competition.” That’s what the Slush committee said after they and the VC pitch judge decided to withdraw the $1 million award to Immigram after discovering the company had ties to Russia. Mike have more.
- Dark times at TeslaTesla is recalling about 350,000, or 1% of its electric vehicles sold over the past two years for some pretty serious problems, including a failing taillight and front passenger airbag, Jaclyn write it.
- Cloudy with a chance of doom and gloom: There is no rosy outlook for startups here. Flipkart CEO Kalyan Krishnamurthy didn’t mince words when he warned startups that “a lot of turmoil and volatility” is in the funding forecast over the next 12 to 18 months, Manish report.
Startups and VCs
Actor Noah Schnapp, who plays Will in the Netflix original series “Stranger Things,” is passionate about tbh, a company he co-founded that aims to “reinvent” the cocoa nut spread NutellaREPORTS Mary Anu. The company is turning to crowdfunding to raise money for vegan alternatives.
At our TC Session: Crypto event last week in Miami, Darrell sit down with a veritable who-is-who in crypto to talk about the crypto regulatory landscape. The key takeaways that all three panelists basically agreed on the benefits of the FTX situation that there is now more impetus than ever to come in some kind of special regulatory framework for crypto in the US You can watch the segment on the site.
Here’s a fellowship of stories to see you through the rest of your Monday. May it be a light for you in dark places, when all other lights are out.
Get your product and customer success team on the same page to increase net retention
You don’t need to move the needle far to optimize customer success. SaaS startups that grow incrementally will accumulate small wins that have the potential to change the company’s trajectory.
Instead of the traditional siled approach, rolling the product and CX team into a single unit helps align incentives, writes Bryan House, SVP of product and customer success at Elastis Path.
“Regardless of what you call the role, product management, UX and customer success have to report to the same person,” he says. “These leaders must create a structure that shares incentives and common goals that align with your customers’ success measures.”
Three more from the TC+ team:
Big Tech Inc.
It’s a bit of déjà vu for Broadcom, which again under the watchful eye of competition regulators. This time, the UK’s Competition and Markets Authority is looking into the chip giant’s proposal $61 billion deal to buy virtualization software giant VMware. If you don’t remember the last time, it was when Broadcom tried acquire rival Qualcomm in 2018. The deal was scrapped after former president Donald Trump cited national security issues. vow wrote that “both the optics and the core are different at the moment, so it’s hard to predict how this will all unfold,” but he did get a comment from Broadcom about what the company thinks.
Five more for your Monday:
UPDATE: The first version of the Daily Crunch incorrectly stated that the Slush conference was in Sweden. In order not to bear the wrath of both sets of Vikings, we have corrected the headline. overtime is an annual technology conference that takes place, of course, in Helsinki, Finland. As an honorable Scandinavian, Haje was ashamed of his mistake. It won’t happen again, guys!