Hey all. Welcome again to Week in Overview, the e-newsletter the place we recap a number of the prime tales to cross TC’s entrance web page over the past 7 days.
Probably the most learn story on our website this week was about Flowcarbon — a brand new firm and “blockchain-based redemption story” (as Anita put it) launched by WeWork founder Adam Neumann. The aim, writes Anita, is to “promote tokenized carbon credit to corporations trying to cut back their carbon footprint,” to which the one response I can consider is that Jennifer Lawrence “okay” gif.
Why is it on the blockchain? What’s a “Goddess Nature Token”? Discover out in Anita’s publish right here, then take heed to Lucas and Anita go deep on the subject on this week’s Chain Response podcast.
different stuff
Listed below are a number of the different most learn TC tales from this week:
Jack Dorsey steps down from Twitter’s board: For the primary time since its founding in 2006, co-founder Jack Dorsey is now not formally concerned within the operation of Twitter. Late final 12 months, he stepped away from the CEO position however remained on the corporate’s board of administrators. As of Might 25, he has exited the board as properly.
Broadcom will purchase VMware for a large $61B: After a number of days of rumors, Broadcom introduced its plans to accumulate VMware for a wild $61 billion. Ron’s bought all the main points of the deal — and as for why the chipmaker would drop that a lot on the virtualization firm? Ron and Alex have you ever coated there, too.
Take-Two buys Zynga: The father or mother firm behind video games like Grand Theft Auto and BioShock now owns the corporate behind video games like FarmVille and Phrases With Buddies. We’ve recognized for some time that this was within the works, however the $12.7 billion deal was all finalized this week.
Extra tech layoffs: One other week of corporations asserting or confirming layoffs — together with cuts at Klarna, PayPal and grocery supply corporations Getir and Gorillas.
Google’s reply to DALL-E: Simply final month, OpenAI confirmed off “DALL-E 2” — its AI mannequin able to taking a textual content immediate like “Shiba Inu carrying a beret” and producing a wholly new picture from it. Now Google says they’ve bought their very own algorithm that’s even higher — however, exterior of comparability photos Google gives (which, naturally, embrace extra Shiba Inu in hats), we’ll must take the corporate’s phrase for it. Citing “potential dangers of misuse,” Google isn’t at the moment releasing any code or public demos.
Picture Credit: Google Analysis
added issues
Now we have a paywalled part of our website referred to as Avisionews+. It solely prices a couple of dollars a month and it’s filled with excellent stuff! From this week, for instance:
Know your potential investor’s thesis: Bought a stable enterprise and a refined pitch deck, however nonetheless getting turned down by traders? “A number of the time, it doesn’t matter how good your organization is,” writes Haje. “What issues is whether or not it matches up along with your investor’s funding thesis.”
U.S. hashish traders on why they’re planting seeds now: Leisure hashish use is slowly changing into authorized in increasingly more states — but it surely’s nonetheless unlawful at a federal degree, which deeply complicates issues when it’s the core of your corporation. Anna Heim checked in with 4 U.S. hashish traders for his or her ideas on the state of the trade, and what’s holding it from actually catching hearth.
It’s not enterprise as regular (and traders are admitting it): After Y Combinator’s memo suggesting founders “plan for the worst” within the months forward, traders are echoing that sentiment in memos of their very own. Natasha Mascarenhas takes a have a look at memos from Attain Capital, Lightspeed ventures and extra.
