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It’s Thursday – how the hell did this happen? Those days, they just keep coming. If you’re still hesitant to join Disrupt, we’ve got you covered: there’s a Disrupt pass for every role and budget.
It looks like Theranos founder Elizabeth Holmes won’t be in jail today after all. She was due to start serving an 11-year sentence, but then things happened. Connie There is the full story.
TechCrunch Top 3
- more layoffs: Dropbox CEO Drew Houston (Drew Houston) broke the news today that the company will lay off 500 employees, accounting for 16% of the total workforce. Ingrid Houston said the layoffs were due to slower growth and the “age of artificial intelligence,” the report said.
- ready popcorn: Warner Bros. partners with Viacom18 to bring ‘Succession’ and other HBO content to India. Manish There are more.
- Legacy learns to embrace AI: fighting An in-depth look at how legacy financial software giant Intuit decided to roll out the welcome mat for AI, rather than close the door and tighten the bolts.
Startups and Venture Capital
Posh is an event management and ticketing platform for all users to host events big or small, whether you’re an event organizer, promoter, or just want to bill your friends for all the expensive drinks at your birthday party. Lauren Posh, which has reportedly been in beta since October 2020, announced its public launch today. Along with the launch, the company also announced its $5 million seed round.
The concept of SaaS as a business model changed the technology game by moving users away from buying software outright and instead moving to paying for service availability based on time subscriptions, typically monthly or yearly pricing, Ingrid report. Today, a London-based startup called M3ter, which is building tools to take the next step in this evolution — more granular usage-based pricing — announced funding on the back of strong demand. The company has raised $14 million.
more? Ok, ok, here’s another one for you:
Capital efficiency is the new VC filter for startups
For some B2B SaaS startups, focusing only on the LTV:CAC ratio is a great way to mask weak customer metrics. Dividing customer lifetime value by customer acquisition cost can provide useful insights, but only if you have accurate retention data—and a lot of it.
“Today, investors look to other efficiency metrics that paint a more reliable and comprehensive picture of a startup’s capital efficiency, and so should you,” says Igor Shaverskyi, a partner at venture capital firm Waveup.
In this TC+ column, he provides formulas and benchmarks for calculating CAC returns, revealing to founders (and potential investors) “how long it takes for your customer acquisition costs to pay off.”
Three more from the TC+ team:
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big tech company
Let’s talk about Meta today, shall we?Yesterday, the company reported that its earnings topped revenue expectations, as Amanda. But that’s not all: Our colleagues grabbed some tidbits, including that the company says 10% of its global ad revenue is at risk from EU dataflow orders. Natasha L There’s more on that. Additionally, time spent on Instagram has reportedly increased by 24%, thanks to TikTok-style AI Reel recommendations Darrell.
Meanwhile, Meta has also won in court, with an appeals court ruling in favor of the tech giant in an antitrust case brought by state attorneys general. Sarah “States allege Meta illegally maintained a monopoly in the social networking market through its 2012 acquisitions of photo-sharing app Instagram and 2014 acquisition of WhatsApp, and gained further power by compromising app developers’ data policies,” they wrote.
Now here are five more for you: