Walter Thompson
San Francisco Sunsets

The Promise of the Premise is a scene in a film. The audience settles in to the new world they've entered.

In the first Harry Potter movie, Hagrid takes Harry to Diagon Alley, the magical shopping district that introduces him to the world of wizards.

The promise of the premise is that open source software that runs on the block will pay off.

It is still easier to develop a Web 2.0 app because the community is mature and has a large community of developers.

Only members have access to the full articles of TechCrunch. You can save 20% on a one- or two-year subscription.

According to Abbott, the web3 development community is approaching an inflection point where our own tools are becoming quite powerful, but that doesn't mean Reddit is moving off its web 2.0 cloud server.

Most of the hype for web3 is coming from investors and journalists, so this is a useful read.

The majority of web3's early use cases don't interest me I didn't really appreciate the value of mobile gaming,GPS and cloud storage until they were integrated into my phone, so I'm not a developer.

I wouldn't buy a device that couldn't help me find a place to eat. I think web3's killer app will be similar to the one that emerged.

Thanks for taking the time to read.

Walter Thompson Editorial Manager, TechCrunch+

Your protagonist.

Building the bridge between Web 2.0 and web3

3 ways to hire well for your startup

It's one of the worst times to be looking for talent for early-stage companies.

Opportunistic hiring managers may think that layoffs have shifted the balance in their favor, but those were not employees executing core businesses.

It's an expedited process designed to fill knowledge or experience gaps not necessarily to find the best fit

It's best to slowly integrate a great candidate in as an adviser or part-time contractor.

Companies should pilot their most important hires whenever possible.

3 ways to hire well for your startup

8 questions to answer before your startup faces technical due diligence

The value and quality of a startup is determined by outsiders who study many aspects.

Matt Van Itallie wrote that a pitch deck is just part of the story.

After technical due diligence is done, no amount of stories can cover the secrets of the two websites.

Van Itallie has written a primer with questions that founding teams need to answer confidently. We will run his detailed list tomorrow.

8 questions to answer before your startup faces technical due diligence

To better thwart ransomware attacks, startups must get cybersecurity basics right

The image is from TechCrunch.

It isn't a priority for early-stage companies to create systems that are resistant to ransomware.

MFAA can be enabled on everything you have. You can enable it on all of your accounts.

The need to invest early in locking down their systems was the topic discussed last week by Moussouris and Callow.

Callow said it was a matter of stacking security layer by security layer. In conjunction with other things,MFA reduces risk.

To better thwart ransomware attacks, startups must get cybersecurity basics right

Black startup founders raised just $187 million in the third quarter

Full length side view of young man and woman walking towards white ladders against coral background

The images are from the same source.

Black founders are disproportionately affected by the downturn.

An investor with Colorful Capital said that when the venture capital industry catches a cold, underrepresented founders catchPneumonia.

According to Dominic- Madori Davis, the Black founders raised just $187 million in Q3 2022, a huge decline from the nearly $1 billion they received in Q3 2021.

Black startup founders raised just $187 million in the third quarter

Investors are sitting on mountains of cash: Where will it be deployed?

A landscape of gold coins

H-Gall is open in a new window.

Hives make honey, and venture capitalists raise money, no matter what happens in the public market.

VCs are accumulating more and more dry powder as a result of the "extreme valuation recalibration" in the public markets.

Capital deployment is way down, even though investor raising is on pace to finish the year at $172 billion.

Dollars are flowing but it will be more capital to fewer companies.

Life sciences, agtech and web3 will attract more investors now that traditional software as a service has become too expensive.

Investors are sitting on mountains of cash: Where will it be deployed?

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