Daily Crunch: After developers complain, Microsoft clarifies new policy on open source monetization

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It's time to do the Friday dance. There is some good news for events fans, but we have mentioned it a few times. We are going to do a techncial session on cryptocurrencies in November. It's a happy weekend. On Monday, see y'all.

The TechCrunch Top 3

• Words mean everything: Microsoft came under fire recently by developers due to the way it worded a new policy banning profiting off of open source software, and while the company clawed back that policy, Paul provides a look at what all this will mean.
• No snakes and frozen statues here: Christine writes about Medusa’s $8 million seed round to take on Shopify with its open source e-commerce tool for small businesses to grow their business beyond the basic API implementations provided by marketplaces.
• B-O-A-R-D: No, it’s not today’s Wordle answer — we checked — but fans of the game will be delighted to know that the popular guess-the-word computer game is being turned into a board game, Ivan writes.

Startups and VC

Open Sea's CEO said that the company needed to prepare for the possibility of a long downturn, as Lucas reports.

When so much capital has been raised by VCs, why is venture investments slowing down? You can read about it on our product.

Sarah writes that NGL and Sendit's apps are problematic because they've been using misleading tactics to trick their young users.

Kick off the weekend with a song from Rfs Du Sol, as you skim the best of the rest.

• Hi, is that Nothing? Brian just posted his review of the Nothing Phone (1), sharing that it’s “a refreshing change of pace in a smartphone market that has lost much of its sense of fun.”
• Hi, WYD: The race is on, with a number of startups racing to build a crypto-native, consumer-friendly messaging platforms for web3, reports Connie.
• Shields up: With her new startup, Granitt, Runa Sandvik aims to help at-risk people, like journalists and activists but also politicians, lawyers, refugees and human rights defenders, from threats they face doing their work, Zack reports.
• You get a credit card, you get a credit card: Stori offers credit cards to underserved populations in Mexico. It has raised $50 million in equity at a $1.2 billion valuation, writes Mary Ann.
• They’re really going places: Vektor Partners raises new $126 million fund to look specifically at sustainable mobility companies, reports Mike.
• It’s the birds, and the bees, and the flowers, and the vee cees: Systemiq secures $70 million to fund early-stage climate tech founders, reports Harri.

Pivoting your startup in a bear market: Become undeniably fundable

Every founder is looking for ways to save money at the moment, but a laser focus on saving money will only delay the inevitable.

According to Kraig Swensrud, founder and CEO of Qualified, investors won't back companies that can't demonstrate their ability to perform in five basic indicators.

With integrity, strong leadership and operational efficiency, we can not only survive, but thrive.

Pivoting your startup in a bear market: Become undeniably fundable

Techcrunch+ is a membership program that helps startup teams. You can join here.

Big Tech Inc.

After testing out drone delivery in California, Brian writes that Amazon is going to deliver in College Station, Texas, where Texas A&M University is located. The stars at night are big and bright and that's what Texans see when they look at the sky.

TikTok's chief security officer stepped down from his position as a result of a lengthy post written by the company. The news is reduced to a shorter amount.

Apple Music subscribers can get access to audio recorded at Apple music studios around the world, thanks to the Apple Music Session. Lauren writes that the country stars gave it a try.

There is a proposal by European lawmakers to make it easier to share medical data across borders, but in a way that is secure.

Bungie is now a part of Sony.

If you missed it, our colleagues were hard at work yesterday, and here are some late-day stories we don't want you to miss.