Daily Crunch: Elon Musk unveils three-pronged strategy to fund his $43B Twitter purchase

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VW Group CEO Herbert Diess is coming to TC Sessions: Mobility 2022
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The Station: Lyft’s bikeshare play, Tesla’s Q1 warning and big bucks for Musk’s tunnel startup
April 27, 2022

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On this fine day of April 21, 2022, we celebrate a shiny new podcast from our crypto team: Chain Reaction. Q: Why is the podcast so loud? A: Because it’s immutable.

This is why we don’t get to write the crypto puns on the site.

Come as you are, as you were, as I want you to be; it’s events season at TechCrunch! Waymo boss Dmitri Dolgov is coming to Mobility, and we’re hosting a pitch competition as well. Get your applications in! Our flagship event, TechCrunch Disrupt, is coming back in October, and you can snag your tickets now!

May your day be as smooth as slightly aggressive elevator jazzChristine and Haje

I’m an absolute sucker for VC firms with unusual investment theses, and Tofino Capital has a truly rare example of that: The firm just closed the first $10 million of a fund that aims to invest in markets where investment dollars fall under $5 per capita. Can’t say I’ve heard anyone approach it that way, and it certainly focuses the attention – very cool, and I hope they show an outsized return. Of course, that’ll probably make other VC shops wake up and increase the investment to above that dollar amount, but that’s half of what makes this interesting!

Carta is the go-to ownership management platform for startups, simplifying and making transparent the sometimes complex ownership structures of startups. Pretty curious to see how Liquifi is going to evolve – it aims to do the same for web3 and companies issuing blockchain tokens.

Let’s climb into some prime-time news grime – today, in rhyme!

A single goldfish leaping from a crowded bowl into an empty bowl.

Image Credits: David Arky (opens in a new window) / Getty Images

Image Credits: David Arky (opens in a new window) / Getty Images

The VC market is slowing down.

Teams that successfully close a funding round will find themselves with a shorter runway than they planned on. And partnering with an investor who understands the business well enough to add value is more critical than it was a year ago.

A founder’s pitch is the first step on that journey, so we’re running a series of interviews with active investors to learn more about what they’re looking for and how they prefer to be approached:

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

How to pitch me: 6 investors discuss what they’re looking for in April 2022

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Colton R
Colton R
Colton is an entrepreneur in every sense of the word. His passion is to truly help others, whether it’s a local business looking to get ahead, or a non-profit that serves others.

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