Daily Crunch: 7 months after emerging from stealth, YC alum Arc secures $20M Series A
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May you find love, peace, harmony, and a CAC/LTV arbitration ratio beyond your wildest dreams. — Christine and Haje
Some folks have asked themselves how Elizabeth Holmes, founder of Theranos, lost investors $1 billion and is facing prison time, while Adam Neumann, who founded WeWork, lost $11 billion, but then went on to raise $350 million for his newest startup. The answer is pretty clear — Neumann, despite burning 10x more money, wasn’t convicted of fraud. Natasha M and Anita take a closer look at how the tech industry is reacting to Adam Neumann’s a16z-backed return to real estate. Also, this made us titter with amusement.
Apropos Natasha M — the Equity team put together an omnibus collection of six conversations that bring nuance to tech’s layoff wave. It’s a great reminder of both a bunch of lovely episodes of Equity and a bunch of ways of thinking about layoffs in a macroeconomic context.
Okay, fine, here’s a few more:
Image Credits: Stephen Swintek (opens in a new window) / Getty Images
Most web3 startups are in the same leaky boat: They haven’t reached product-market fit, hiring technical talent is difficult at best, and many of the same investors who were eager to take their calls a year ago are ghosting them today.
Thirsty travelers who know where to look can still find water,
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