Day by day Crunch: Terraform Labs CEO goes public with technique to re-peg sliding UST stablecoin

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It’s Wednesday, Might 11, aka the beginning of GooglePalooza, which the corporate insists on referring to because the far much less entertaining “Google I/O 2022.” Our “GoogleCrunch crew” has ready a bevy of tales on Google’s {hardware} and software program lineup, together with Pixel Watch, Pixel 6A — a tease of the Pixel 7 — and a brand new pill. All the small print are beneath within the Huge Tech part. – Christine and Haje

The TechCrunch High 3

  • ‘Stable’ coin: Jacquelyn has all the small print in regards to the dramatic fall of Terra USD, a “stablecoin” referred to as UST, and its founder’s plans for avoiding a UST crash. Jacquie then collected crypto market participants’ thoughts about what UST’s meltdown means for the broader crypto market and different stablecoins.
  • Hits keep coming for crypto: Simply kidding; Coinbase’s first-quarter outcomes not solely despatched its share costs down however knowledgeable us that the variety of month-to-month transacting customers is predicted to proceed to fall. What does this imply for crypto? Effectively, it may need to climate the storm for some time. To make issues worse, Coinbase revealed it had to halt trading in India after some stress from the Reserve Financial institution of India.
  • Airbnb plans for a hot house summer: As Jordan stories in a pair of very pleasing tales as we speak — together with a Q&A with Brian Chesky, who believes “a new era of travel is about to begin” — the corporate is getting its seashore bod prepared for the summer time with some new options, a class search, with the ability to e book two listings in a single movement for stays over per week, and AirCover journey insurance coverage for friends.

Startups and VC

Few issues blow our minds as a lot because the sheer scale of Tiger International — the agency took a battering with $17 billion in losses. Connie stories it has burned through most of its most recent VC fund. Yikes.

As tech reporters, we love the fast rise and we observe with occasional glee the unscheduled descent of the startups we cowl. Natasha and Alex remind us in as we speak’s episode of the Fairness podcast that whereas founders couldn’t have seen a pandemic coming, they need to have been higher ready for the world returning to no matter “regular” means. Or, as they put it: Layoffs happen to people, not companies.

Positive, go on, I’ll have one other:

Discovering your startup’s valuation: 5 components to contemplate

6-sided die showing the number 5 On Old Wooden Table

Picture Credit: avier Zayas Photography (opens in a new window) / Getty Photos (Picture has been modified)

In her newest TC+ column, angel investor Marjorie Radlo-Zandi addresses a query that’s on each founder’s thoughts today: What’s my present valuation?

For early-stage startups, discovering that determine requires extra artwork than science, since pre-revenue firms are nonetheless gathering knowledge and fine-tuning their merchandise.

“Many conventional valuation strategies, reminiscent of discounted money movement, aren’t as helpful for valuing early-stage startups,” she writes. “This implies traders should gauge different components that aren’t so simply measured.”

(TechCrunch+ is our membership program, which helps founders and startup groups get forward. You can sign up here.)

Huge Tech Inc.

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