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Happy Monday Crunch, our Crunch-a-licious friends!
Our favorite part of Lorenzo‘s excellent piece on how the FBI busted a cybercrime forum: “In a spectacular snafu on the part of the hacker. . . the second piece of evidence came from Pompompurin himself. . . . He said he noticed that a data breach posted on the site did not include “one of my old emails,” which he looked up on the legitimate data breach reporting site Have I Been Pwned.”
Grab them. Or, if your company avoids more than it gets, go avoid them!
The businessupdates.org Top 3
- Getting together: If you find yourself grumbling about using Microsoft Teams, this story might put a smile on your face: Frederick reports that Microsoft has rebuilt Teams from the ground up and promised some nice things like 2x faster performance and only half the memory used.
- Riding the WaveOne: If you have a “Silicon valleyexperience at the moment, you are not alone. Apple has acquired WaveOne, a startup that uses AI to compress videos. Kyle reports.
- Get ahead of the game: A GitHub user named “FreeSpeechEnthusiast” wanted to fulfill Elon Musk’s promise to open source all code used to recommend tweets by March 31 by creating a repository on GitHub that contained Twitter’s source code . Ivan explains what happened next.
Startups and VC
First Citizens Bank has agreed to buy $72 billion in deposits and loans from Silicon Valley Bridge Bank, the California lender formerly known as Silicon Valley Bank that was acquired by the FDIC two weeks ago. Manic reports.
Another handful to keep you ready for this week’s water cooler moments:
Just started angel investing? Avoid these 7 mistakes.
Becoming an angel investor isn’t easy, and that’s on purpose.
Those claiming the title must meet a number of requirements regarding income and licensing. If not, almost anyone can schedule Zoom calls with founders to talk about making their dreams come true.
Business schools teach the basics, but Mysty Rusk, who has reviewed some 4,500 deals over the past 20 years, says the most important lessons she learned were the result of mistakes she made along the way.
“There may be no way to foresee a global crisis, a stealth competitor, or other risks completely beyond the startup’s control,” writes Rusk, “but some obstacles are avoidable with the right knowledge.”
Three more from the TC+ team:
businessupdates.org+ is our membership program that helps founders and startup teams lead the way. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!
Big Tech Inc.
It’s spring, so we suspect it was the right time for Alibaba founder Jack Ma to be seen again. Rita reports that Ma returned to China after a year of uncertainty, which included China “trying to show support for the private sector following a years-long crackdown on the tech industry, including the shelving of the IPO plans of Ant Group, the fintech affiliate from Alibaba. The movement led some of the founders to move abroad and expand their business abroad.”
It seems that Salesforce has done a good job of convincing investors that it is on the right track. Activist investor Elliott Investment Management, who had probably been a thorn in Salesforce’s side for most of this month, said it was abandoning plans to nominate directors. Paul has more.
And we have five more for you: