Daily Crunch: 2 weeks after prolonged system outage, Alibaba CEO takes over company's cloud division
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We're almost there, folks. It's the last Thursday of 2022, and today we have news for you from Alibaba and Spotify, as well as crypto news from India. And as always, we're giving you the benefits of TC+, our premium membership program. Keep reading, dear readers, and we'll be back tomorrow to bring you the final moments of 2022 in technology. —HP
TechCrunch's top 3 Alibaba's cloud move: Alibaba Cloud has a new president, Rita reports. The world's third-largest public cloud infrastructure provider only after AWS and Microsoft has named company CEO Daniel Zhang as interim president. Call it Spotify: Aisha writes that the platform wants to help you welcome 2023 in style with what she thinks you might enjoy. Playlists such as "Party Hits", "Floor Fillers", "Pop Party" and "Rock Party" will keep you going until midnight. The hub also offers you DJ mixes like TT the Artist, Carlita, AMÉMÉ, Coco & Breezy, &ME and Austin Millz. Go down! Indian Crypto Regulation: Under its G20 presidency, India has said it will seek to prioritize the development of a framework for the global regulation of unbacked crypto assets, stablecoins and decentralized finance, writes Manish. Startups and VCs Remember this: Catherine writes that Recall.ai raised $2.7 million in a seed funding round to help with a unified API that works with Zoom, Google Meet, and Microsoft Teams to help customers create applications for a number of use cases. Down rounds: Mary Ann spoke with GGV's Hans Tung and Robin Li about where the company stands in a tough venture capital environment. (Requires a TC+ subscription.) Redefining “Founder-Friendly” Capital in the Post-FTX Era
Image credits: stockcam (opens in a new window) /Getty Images
Could the FTX debacle have been avoided if investors had taken a more active interest in the company's operations?
Given the chilly climate for late-stage fundraising and widespread economic uncertainty, "it's time for the startup community to redefine what 'founder-friendly' capital means and balance the both the source and the cost of that capital," writes Blair Silverberg, co-founder and CEO of Hum Capital.
In a TC+ guest article, he weighs...
Get a summary of the biggest and most important stories from TechCrunch delivered to your inbox every day at 3:00 p.m. PDT, register here.
We're almost there, folks. It's the last Thursday of 2022, and today we have news for you from Alibaba and Spotify, as well as crypto news from India. And as always, we're giving you the benefits of TC+, our premium membership program. Keep reading, dear readers, and we'll be back tomorrow to bring you the final moments of 2022 in technology. —HP
TechCrunch's top 3 Alibaba's cloud move: Alibaba Cloud has a new president, Rita reports. The world's third-largest public cloud infrastructure provider only after AWS and Microsoft has named company CEO Daniel Zhang as interim president. Call it Spotify: Aisha writes that the platform wants to help you welcome 2023 in style with what she thinks you might enjoy. Playlists such as "Party Hits", "Floor Fillers", "Pop Party" and "Rock Party" will keep you going until midnight. The hub also offers you DJ mixes like TT the Artist, Carlita, AMÉMÉ, Coco & Breezy, &ME and Austin Millz. Go down! Indian Crypto Regulation: Under its G20 presidency, India has said it will seek to prioritize the development of a framework for the global regulation of unbacked crypto assets, stablecoins and decentralized finance, writes Manish. Startups and VCs Remember this: Catherine writes that Recall.ai raised $2.7 million in a seed funding round to help with a unified API that works with Zoom, Google Meet, and Microsoft Teams to help customers create applications for a number of use cases. Down rounds: Mary Ann spoke with GGV's Hans Tung and Robin Li about where the company stands in a tough venture capital environment. (Requires a TC+ subscription.) Redefining “Founder-Friendly” Capital in the Post-FTX EraImage credits: stockcam (opens in a new window) /Getty Images
Could the FTX debacle have been avoided if investors had taken a more active interest in the company's operations?
Given the chilly climate for late-stage fundraising and widespread economic uncertainty, "it's time for the startup community to redefine what 'founder-friendly' capital means and balance the both the source and the cost of that capital," writes Blair Silverberg, co-founder and CEO of Hum Capital.
In a TC+ guest article, he weighs...
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