Daily Crunch: Following ‘significant reduction’ in demand, Peloton puts brakes on production

January 20, 2022, 6:19 PM.

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January 20, 2022, is the day of Daily Crunch! Today's theme is more. The creator economy grew last year, but more platforms are helping individual artists. Even though last year was one of the best for the industry, more and more companies are getting into it. The person is having a bad day. Alex wants to talk about it.

The Early Stage is back in San Francisco this year.

The top 3 tech companies.

Remember when you couldn't buy a bike because there wasn't enough supply? There is more supply than demand for the company. The shares of the IPO were down sharply. It appears that the pandemic trade is over.
If you are a member of the subscription service, you will soon be able to use an NFT that you own as your profile picture. Some of you will be happy and some of you will be angry. The time it took to build the feature is indicative of where the market is headed this year. The NFT game is also being played by Facebook andInstagram.
After the huge Plaid-Visa deal fell through, the company has been busy. Since raising more money, it has built and bought other companies. The company bought a company called Cognito for around a quarter billion dollars.

There are startup companies and venture capital companies.

There were a few notes before the news broke. First, Anna wrote about how market fetishization of serial founders could be leading to new entrepreneurs not getting their due. She may be onto something given that a number of recent unicorns were founded by new builders instead of those going around the block for the second, third or 10th time.

The Chinese venture capital market is facing new stress after dodging drops in startup investment. Maybe this time, we will see the declines that were anticipated.

The newsroll is now.

The German venture capital firm with an interest in early-stage tech has new capital for its third fund. Mike Butcher reports that it also invests in tech. Capital was put into Flink and SellerX with prior funds.
It turns out that a 2FA compromise caused the heavily advertised cryptocurrencies firm to lose customer funds and temporarily halt withdrawals. This sort of hack is standard at this point in time, but it is still not? Is it still bad? It's surprising given that the first discussion of bitcoin was in 2008. I wonder what Matt thinks.
Our lesson from our writeup of TBD Health is that sexual health is a growth industry and that there is a fresh new approach with at- home STI testing made available for vagina-havers. It reminds me of Juna, which means that the at- home testing market has a competitive landscape to track.
Remember no-code? It is everywhere again. We asked what had happened to the no-code rounds when we were covering the Softr round. Well, here they are. Prophecy is raising $25 million for its low-code data engineering platform.
Weavit wants to offer people a different way to quickly capture their thoughts in a note-taking tool with the press of a button, which are then matched to other content in a broader knowledge base. Does the world need another tool for taking notes? The answer is yes. I need all the help I can get because my brain is a big mess.
Code See is a startup in the market. What does it do? Help me see my code. There are obvious startup names. Code visualization is the name of the game. Why does that matter? It helps people see how code meshes together. I am not one to talk, but this does seem like a pretty neat idea.
Maybe we need to hire a few agtech reporters. The space is heating up. Just like the planet! Heyo! The company has raised $170 million for its digital services for the farming world, including an app that gives more than 500,000 farmers insight into crop lifecycle. 1.5 cheers for food growers getting new tools.

We need quantum computing to close us out. Like self-driving cars, quantum computing has felt a bit like it is not quite there yet. Terra Quantum, a Swiss company, is now offering quantum as a service. You can access early quantum systems. Our real question is when mainstreamization will happen. Terra would answer that with a smile.

How to build a product advisory council.

It is never a bad idea to directly engage with the people who use your products and services.

Customer personas are useful, but they don't tell you what a customer is willing to pay for.

Early-stage startups can tap into their customers' hive mind with a product advisory council. Everything from marketing campaigns to future product planning can be checked out by PACs.

Defining clear goals and creating value for participants is what founders must do to build one.

Techcrunch+ helps founders and startup teams get ahead. You can sign up here.

How to create a product advisory council for your startup.

Big Tech is a company.

If you are a user of the app on the mobile device, you have had access to the new communities feature. I have clicked on it, but have no idea what it does. You can also click on it if you are on the phone. Have fun!
The rumor mill says that a new virtual reality headset is coming in a few years. It means that there will be at least two different closed ecosystems for individual players to choose from.

To close us out from a news perspective, Meta's new artificial intelligence can learn from written, spoken or visual material. I think it's neat. Mercedes is working with Luminar.

Despite producing global hits like "Squid Game" in 2021, the streaming giant is struggling to maintain a lead over its competitors. The company...

Many climate unicorns are on the way, but current VC levels are dwarfed by the amount of funding needed to give humanity a fighting chance.

A major Senate bill that would prevent tech companies from giving preference to their own products and services just passed a significant hurdle in Congress, bringing it one step closer to becoming law.

For the first time in a decade, it wouldn't be releasing a new Note. The future of the well-loved phablet was a big, open question, as the hardware giant ackn...

Music streaming is growing around the world. According to a new report from MIDiA, there are over 500 million people who subscribe to a music streaming service.

Foundation Capital, an early-stage venture firm with offices in Palo Alto and San Francisco, has been around for 27 years. It has been large and small.

Over the past few years, researchers have been able to accomplish a lot with legged robots. Oregon State University took a person for a 5K.

Record public exit activity is good news for the companies and their employees, but what about the employees who were granted stock options?

Sexual health is not as taboo as it used to be, but that doesn't mean everything is perfect. The at- home approach is being taken by TBD Health.

CNBC broke the news that Peloton is stopping production of its hardware for a while. The first from May 2020 was compared and contrasted by our friends at...

In order to meet changing customer demands, companies need a mechanism that provides unbiased insights from people that represent them.

Not a single advanced driver assistance system offered in today's new vehicles would meet pending safety criteria being developed by the Insurance Institute for Highway Safety.

TikTok is testing support for paid subscriptions. The Information reported that the popular short-form video app is exploring an option.

Users will be able to show off their NFTs, or non-fungible token, when they use the new feature. The company is called roll...

Insight Partners led a $25 million Series A round for Prophecy, a low-code platform for data engineering. Existing investors are SignalFire and Berkeley Skydeck.

The last few years have been a roller coaster for Peloton. The company has been confronted with what it deems to be unacceptable.

483 of its users were affected by a recent hack on its platform, and unauthorized withdrawals of more than $1 million, according to a statement on its website today.