To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.
Hello! And it’s Thursday! We are all waiting with bated breath for the latest installment of “Will Elon Actually Buy Twitter or Will He Squirrel Out of It” — the miniseries of indeterminate length and too many twists and turns to enumerate. Supposedly we’ll learn more tomorrow, but who knows. Also, what is time? And if we all leave Twitter in droves, where will we discuss all of this drama?
Our fave little story today was Romain’s, covering these adorable houseplants that can be used as air purifiers.
Haje is out tomorrow, so a very happy weekend from him, and Christine will look after all your crunchy needs tomorrow. Adios! — Christine and Haje
There’s a ton of new funds happening all at once, seemingly. Christine reports that Streamlined Ventures, led by Ullas Naik, secured $140 million in new capital commitments for its two newest funds. Haje reports that Human Impact Capital is a new $50 million fund investing in social impact startups, and Mike notes that Paris-based VC Satgana completes the first close of its €30 million fund to back climate tech startups.
Meanwhile, there were a bunch of mega-rounds that put the actual investment funds to shame; it’s a weird world when you can’t skim the headline numbers to figure out whether it’s a company raising a round or a new fund closing. We’re collecting a handful of ’em below.
Every online product requires some network effect, but gaming is unique: Without large, loyal and enthusiastic customers, there’s no way to build products that can be monetized.
Play-to-earn games (P2E) are particularly susceptible to this problem, which is why “building a game that succeeds in the long term means developing monetization strategies that can weather market ebbs and flows,” says Corey Wilton, co-founder and CEO of Mirai Labs, the gaming studio behind Pegaxy.
In this primer for P2E founders, Wilton shares suggestions for how to approach investors, explains why tokens are not a reliable fundraising vehicle and discusses the recent “shift toward Web 2.0 monetization.”
Three more from the TC+ team:
TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!
The New York Post had to do some deleting today after it was discovered that someone hacked into both the newspaper’s website and its Twitter account, Zack reports. The article headlines in question were racist and sexually violent in nature, and the newspaper told TechCrunch that an employee was to blame for the incident but did not go into further details on how it came to that conclusion.
Also, our team paid attention to earnings so you didn’t have to. Rebecca has a look into Ford’s third-quarter earnings, which she reports took a $2.7 billion hit related to Argo AI, which we reported yesterday was being shut down. Meanwhile, over at Meta, Amanda writes that Meta had yet another decline in its third-quarter revenue.
And now we have three more for you:
Source @TechCrunch
