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Good morning, you wonderful specimens of humanity! It’s Friday and I’m writing this from the hammock in my sunny North Oakland backyard, so life isn’t so bad. (I can only assume that WFH stands for Work From Hammock).
Take some time this weekend to apply to our startup Battlefield 200. It gives you the chance to exhibit your startup for free at TechCrunch Disrupt in October and win the $100,000 prize. The application deadline is August 5th, so get started!
Enjoy yourselves and see you next week! — hey
The TechCrunch Top 3
Startups and VCs
In the world of insurance, everything is go, go, go. Maria Ann reports that Lemonade acquired Metromile and promptly laid off about 20% of its workforce. Of course, makes sense in a world where there’s likely to be a lot of administrative and operational overlap between the two companies, but it’s always sad to say goodbye to beloved colleagues.
And don’t miss it aria‘s article on how the Exploration Company is developing a brand new reusable orbital spacecraft. “That [space] The exploration ecosystem will change dramatically over the likely next 10 to 15 years,” said co-founder and CEO Hélène Huby. “If you can do it, you have the great advantage of being one of the first to market.”
A few more nuggets to take away into the weekend:
- Take the fun out of everything: A startup charges $1.99 to write strings that feed into platforms like DALL-E and I despair for humanity. Come on, that’s half the fun! Not at all thanks to kyle for making me seething with confused anger this afternoon. Shock.
- Let it rain in Africa: Zedcrest Capital, a firm known for its investments in debt and equity markets but recently dabbled in venture investing, has launched a $10 million “emergency fund” for African startups, targeting companies pre- Serie A judges. days reports.
- Driving lessons for industrial vehicles: Polymath Robotics launches to bring plug-and-play autonomy software to every industrial vehicle, Kirsten reports.
- the more you learn: You know what, I’ve never read any of Devin’s articles that I didn’t say, “Huh! I didn’t know that!” Today, Shinkei Systems’ AI-controlled fish harvesting robot gave me this moment of joy.
All my monkeys gone: litigation at the intersection of IP and NFTs
When Andy Warhol appropriated images of Campbell’s Soup in 1962, he was lucky: for a number of reasons, the company decided not to sue him for trademark infringement.
One wonders, however, how the situation would have evolved 60 years later if Warhol had coined a series of NFTs featuring the iconic soup labels.
In her latest TC+ post, CORPlaw Founder Kristen Corpion explored “the most interesting and important intellectual property legal issues currently affecting the creation, transfer and use of NFTs,” including trademark infringement, the first sale doctrine and why Seth Green ended up paid a $100,000 bounty to buy back his stolen Bored Ape.
(TechCrunch+ is our membership program that helps founders and startup teams get ahead. Here you can sign up.)
It will never give up on you. It will strive never to let you down. It probably won’t run around and let you down. However, TikTok may be considering a music service, according to reports aisha and Ivan in an article that unfortunately falls short of the prescribed quota of musical puns. Don’t worry guys, I’ll talk to her about it.
In the meantime, annie reports that Kenya is considering hitting Facebook with the ban hammer after the country’s National Cohesion and Integration Commission found the social media platform was not doing enough to eliminate hate speech.
- Is multimedia coming to Twitter?: Looks like the social media platform is testing if you can post images, videos and GIFs in the same tweet, Ivan reports.
- We don’t want your Steeenking ads: Roku misses quarterly earnings mark, blames slowdown in advertising for falling short Lauren reports.
- Bank balances go down, stocks go up: Amazon reported earnings and posted a loss of $2 billion. Seems like Stonks love something like this because the stock price has gone up, reports are saying Lauren.
- For you at a special price. For you it is double: Twitter Blue receives price increase from $2.99 to $4.99 per month, reports Ivan.
- Where do you take someone after a “peekaboo” accident? To the intensive care unit: Instagram pretty much copied BeReal for its dual camera feature, but somehow missed the point along the way, amanda explained.
- Is there anything they can’t do?: video memes, maybe music soon (see above) and now TikTok is starting to test HTML5 minigames with a handful of partners, Sarah reports.