You are a startup fans! It's a brand new week and we're excited that it's May. How did that happen? May 2nd 2022, here we go. Spring is a good time to do a bit of a spring clean, and we loved the guide on how to remove your personal data from the introduction of a search engine. If you're on the operating system of your choice, it's worth a look.

The press should be held. We schedule these newsletters in advance. When it hits your inbox, click this right away, because someone is about to catch a falling rocket with a helicopter and it is the single-most A-Team meets MacGyver thing we could imagine.

See you tomorrow for references to 1980s TV shows.

The TechCrunch Top 3

  • Glamping may not be so bad with this at your campsite: A battery the size of a cooler, that has wheels, plugs and air conditioning? Yes please. Being in Mother Nature may be fun for some, but battery maker EcoFlow is going after those who only occasionally have to do it. Factor in, too, a great origin story where the company went from a Kickstarter project to a $1 billion company in five years.
  • Open gets its horn: We’re not sure, but when your business is mentioned as having “dramatically changed the relationship between banks and fintechs,” we think that’s a sign you are doing well. Indeed, India-based neobank Open was rewarded with a $1 billion valuation. This is also taking place in a country where Manish reported, “just a few years ago, most banks in India were skeptical of neobanks and it was very difficult to persuade any of them for a partnership.” Raise a glass Open!
  • What happened at UiPath: By all accounts, the robotic process automation company had been doing well, bringing in investment dollars and a high valuation. It even did well on its first day as a public company last year. Since that time, share price is down, and so is valuation, prompting Alex and Ron to dive into why that might be.

Startups and VC

On the new Chain Reaction podcast, Lucas andAnita talk about how a lot of VCs are going to pull back, and explore the regulatory challenges that are opaque to a lot of investors.

Alex claims that no one told the world that startup megadeals aren't as plentiful as they used to be, andNatasha throws up her arms in frustration about all the weird shapes investors are wrappening themselves into in an effort to avoid calling spades. A rose is a rose, and it smells like a rose. A seed round is a seed round regardless of its olfactory qualities.

Is it possible to smell what the Rock is cooking?

2022 cybersecurity product-led growth market map

To paint a detailed picture of the competitive landscape for product-led growth cybersecurity companies, investor Ross Halieliuk tracked over 800 products in a market map that includes more than 600 vendors.

Some of the bad news for early-stage startups is that there are several trends that are changing the adoption of PLG in the cybersecurity industry.

Small players that lack a robust network and fat marketing budgets can't participate in the same sales channels because most CISOs are experiencing overload.

What are you going to do if your investors don't approve a series of invitation-only dinners?

H1 2022 cybersecurity product-led growth market map

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Big Tech Inc.

India's anti-money-laundering agency said over the weekend that it had seized assets worth about $725 million fromXiaomi India for breaching the country.

The European Union found that Apple made it so that competitors could provide other mobile wallet options that it was in violation of antitrust laws. Apple will respond to the charges. You can now get Apple Music on a streaming device.

We picked the next items for you. Enjoy.