To get a roundup of TBEN’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.
Happy Friday everyone! Start your weekend off right with some delicious podcast snacks from Equity, Found and Chain Reaction. Also, time is ticking away with a $1,300 savings for TBEN Disrupt, so get that today before 11:59pm PDT. We wish you a nice weekend, see you Monday! — Christine
The TBEN Top 3
- Double “ring” ceremony: The relationship between Amazon and iRobot took it to the next level today when the couple announced they were getting married, Brian reports. The robot vacuum that maps your home now takes on a whole new meaning.
- Double the layoffs: Natasha M noticed a trend in startup layoffs — that certain companies were making multiple announcements in quick succession — and got to work. She outlines what this means and why it is disturbing.
- Double the entertainment: A pair-up is also taking place in the streaming world. Fans of HBO Max and Discovery+ can cheer for the merging of these services sometime next year, Ivan writes.
Startups and VC
- Interest in generating electricity: Beacon Power received a shock of new capital to improve access to electricity for sub-Saharan African cities, Tage writes.
- Making up: Internet privacy company DuckDuckGo and Microsoft now have friendlier terms following a policy change that now includes third-party Microsoft tracking scripts, Natasha L reports.
- Billion Dollar Milestone: Switching to TBEN+, Alex investigates Databricks’ news that it has reached an annual run rate of $1 billion and what that means for its valuation.
- Magnetic attraction: A new round of capital has exploded Zenno Astronautics with its technology aimed at moving spacecraft using electromagnets, Aria writes.
- It gets personal: Kenya’s shift to protecting personal data will have some implications for the startup. annie outlines what they might be.
- More alien action: LiveEO has secured some new funding to further develop its big data approach to make raw geospatial data captured by satellites more useful, Ingrid reports.
How do you conduct growth marketing during a recession?
Last month, US Treasury Secretary Janet Yellen said the economy is “in a transition period” because “we have a very strong labor market. If you create almost 400,000 jobs a month, it’s not a recession.”
Today we learned that the US added 528,000 new jobs last month and the unemployment rate fell to 3.5%, but for many people in tech this is a distinction without difference: according to layoffs.fyi, 467 startups have the 64,518 employees so far in 2022.
Marketing can’t cure everything that’s wrong with a business, but it’s the easiest channel to make iterative changes that deliver immediate results.
In his latest TBEN+ column, Jonathan Martinez says it’s time to “reforecast, prioritize, and refine” strategies to move key growth metrics like ARPU and LTV.
Using multiple examples, he shares a few ways companies can project revenue over shorter time intervals, along with exercises to fine-tune their marketing stack.
“If new channels and big experiments were in the picture, it’s probably best to hold them off until markets recover,” he advises.
(TBEN+ is our membership program that helps founders and startup teams move forward. You can register here.)
Big Tech Inc.
- Elon Musk vs. Twitter, part 1.254: Twitter got a little snarky, says Ivan, in his response to Elon Musk’s counter complaint. It doesn’t do it justice for me to explain it all – it’s better if you take it all in yourself. Speaking of Twitter, Bag reports that the social media giant has fixed an annoying little security bug.
- A place at the table: India doesn’t want to be excluded from M&A deals, so it has drafted a number of antitrust proposals to align the country with other regions, manish writes.
- We are all “Super”: Well, at least among the hundred of us. That’s how many influencers get a taste of Meta’s new live streaming platform, Super, Aisha reports.
- get dizzy: Rebecca discusses five takeaways from Tesla’s Cyber Roundup, otherwise known as the Annual Shareholders’ Meeting. Unfortunately, some attendees got blisters from their boots.