After 16 months on the job, CTO Diane Yu quits – MovieUpdates

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Welcome to the Daily Crunch for Friday, April 8, 2022! Today, Haje mainly read the most recent IPCC report and took anti-anxiety meds on hand, while Christine spent all day talking and writing.

If it turns out that saving the planet is the wrong thing to do, we can always choose to burn it to embers at a later date. Until then, can we agree to try and help together?

On that happy note, may your weekend contain the right amount of the right kind of surprises. † Christine and hi

The MovieUpdates Top 3

  • Executive bids farewell to CTO Diane Yu is one of the employees who agrees to join the voluntary divorce plan the digital mortgage lender offered earlier this week, although we report that she will stay on as an advisor. Yu joined the company in January 2021 after leaving a similar position at Comcast. The news follows yesterday’s story that discussed what happened at’s December meeting, where 900 employees were laid off.
  • Late stage delay in aisle 5!: Earlier this week, Alex Wilhelm and Anna Heim looked at global venture capital and found that investment is declining in the later stages. Alex is back again, this time delving into what happened to late-stage deals — and what kind of delay we’re talking about here. Like leaving the gallon of milk in the aisle to get the last bag of Doritos, he believes some tough decisions will be made in the future.
  • Didi puts South Africa in his rearview mirror: Chinese ride-hailing giant Didi Chixung sticks out his thumb and takes a ride out of South Africa today. The company didn’t give a specific reason for his departure, but it appears that his year-long drive in the country has encountered some speed bumps early on.

Startups and VC

Tesla is nice and all, but the company can’t be accused of making EVs financially accessible. Good news for EV enthusiasts: Vietnamese EV company Vinfast is leaning on the accelerator in its IPO process, promising a new generation of affordable electric vehicles alongside offerings from GM, Hyundai and Kia. For example, I can’t wait for gas guzzlers to be a thing of the past.

I’ve lived on four different continents and I’m furious that in 2022 sending money internationally is still an industry full of “solutions” that makes you wonder who’s in charge here. SwooshTransfer has raised a multi-million dollar angel round to solve this problem once and for all, “make transactions simple”. No one tells them about Wise, Xe, Western Union, WorldRemit, HiFX, Remitly, OFX, MoneyGram, Xoom or any of the other dozens of well-funded companies out there already.

Let’s do a quick lap to see what else you missed:

Does your startup have enough runway? 5 factors to consider

A close up of a fuel level indicator from a car dashboard showing empty..

Image Credits: Jasmin Merdan (Opens in a new window) / Getty Images

If your early-stage startup doesn’t have enough cash on hand to last through fall 2023, you may have a problem.

As a general rule, “seed stage and Series A stage companies plan to have at least 12 to 18 months of runway,” says angel investor Marjorie Radlo-Zandi.

In a follow-up to her latest column on calculating TAM, she shares her burn rate calculator and five tips for managing cash.

“Projections are helpful,” she says, “but you can’t account for unexpected problems or opportunities.”

(MovieUpdates+ is our membership program that helps founders and startup teams get ahead. You can sign up here.)

Big Tech Inc.

Put a count in the Microsoft column. Six years after a wider investigation into the Russian state-sponsored hacking group APT28, Microsoft announced this week that it had successfully seized domains that the group, controlled by Russian military intelligence, was using to attack institutions in Ukraine.

Spotify is giving us some TikTok vibes today. The streaming service is doing well with another new discovery feature it is testing. We report that this time around it’s “a personalized feed on the app’s home screen, introducing users to new music through a feed of canvas loops (aka those GIFs that appear when you’re listening to certain songs – Olivia Rodrigo’s ‘Brutal’ is accompanied by a loop of cake being smashed, for example).” This follows last week’s test of an “audio news feed” for podcasts.

Twitter, Twitter, Twitter! We know that Jan would now roll her eyes to Marcia for discussing the social media giant once again this week, but there’s just too much going on not to mention. Twitter made new additions to its alt text feature (images with alt text will have an “ALT” badge in the corner of the image) and you can now remove yourself from tweets (we’ll have to learn not to take those personally ).

Here are some other stories to put on your reading list for today:

  • Apple’s investigation into app tracking transparency raises competition concerns: Natasha Lomas broke out some research findings showing that Apple’s requirement for developers to ask permission to track app users actually made tracking more difficult. And that many apps were still collecting tracking data, despite the user asking them not to.
  • Google Pixel users, rejoice!: Google has partnered with iFixit to offer some self-repair tools for Pixel handsets. The kits will be launched later this year and will contain all the fixings for common repairs, such as replacing batteries, screens and camera modules. Next on the list, Chromebooks.

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