Daily Crunch: PSG, Battery Ventures invest $100M in open source password manager Bitwarden

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Hey! This week will be a busy one for the crew. Y Combinator has a demo day and we are excited about it. Alex welcomes you to YC and Apple week on the Equity podcast, and your DailyCrunch team is ready to share the news with you!

It is going to be a crazy one.

The TechCrunch Top 3

• 2Dh1?..Spth!Lmng: Bitwarden’s ability to generate hard-to-guess passwords has made it attractive to investors who just pumped $100 million of new funding into the company, which aims to rid the world of people using the same passwords across their personal and business lives, Paul writes.
• ‘Wild West’ of climate tech: Mike has a story about Ceezer closing on €4.2 million to figure out a better way for businesses to carbon-offset.
• DAO makes us proud: Gaming guild Metaverse Magna is now valued at $30 million after raising $3.2 million in a recent round. Tage writes the company plans to build “Africa’s largest gaming DAO.”

Startups and VC

Kyle reports that the EU is back with a new initiative that could affect open source software in some way. If a company deploys an open source artificial intelligence system that leads to a disaster, it could be sued by the open source developers.

Here are some god-awful puns to match our current mental age, because our brains are melting in the heat.

10 onboarding improvements that cut our customer churn by nearly 3x

Managers who run businesses that rely on recurring revenue tend to be distracted by the never-ending sprint Customer Churn may be the most important metric.

It won't matter how many new customers you onboard each month if new users can't figure out how to use your products. Sam DeBrule is the head of marketing at Heyday.

He explains in a guest post how the changes he and his co-founder made helped them reduce turnover by almost 3x.

If you like what you see here, you can steal it.

10 onboarding improvements that cut our customer churn by nearly 3x

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Big Tech Inc.

Over the weekend, we had two big stories, one of which was the announcement of the conversion of the three rival stable coins into a single stable coin by the exchange, BUSD. He wrote about India's information technology junior minister sending a summons to Wikipedia after edits were made to the page of cricketer Arshdeep Singh, suggesting that some people from Pakistan were behind the act and were trying to disrupt peace in the South Asian market.