To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.
We’re late to the party, but today this zany YouTube video has been playing on repeat. And maybe we’ve been practicing a little in front of the mirror. Shh, don’t tell anyone.
The TechCrunch Top 3
Man on the run?: Kate and Manish paired up to give us the latest on Terraform Labs’ Do Kwon. It seems Kwon is not interested in cooperating with investigators regarding the wipeout of Luna cryptocurrency and South Korean authorities have asked for a “red notice,” which is fancy Interpol talk for “no visa for you.”
Startups and VC
Everyone wants to get in on the AI image-generation action, but if you’ve been intimidated by the existing options out there where you have to brush off your 1,337 command-line skillz, you’re in luck: Diffusion Bee is a simple Mac app that gives you everything you need to generate your own images from text prompt using the open source AI image-generation framework, Darrell writes.
“Over the last 12 months, founders in Africa were reaching out to me for advice and I was investing personally,” Byld Ventures’ founding partner said in an interview with Tage about its new $15 million fund. “So, I decided to institutionalize it and put a fund together.”
Burn, baby, bur…Wait, no, please, don’t: Haje reports that Pano has a burning desire to apply AI smarts to wildfire detection.
Oh Deere, that’s encouraging: InnerPlant grows with new John Deere–led $16 million funding round to fuel sustainable farming, Christine reports.
Why growth activation matters
Image Credits: Koldunova Anna (opens in a new window) / Getty Images
In his latest TC+ post, growth expert Jonathan Martinez looks at the grim realities of user acquisition. The plain fact is, few of the people who are motivated enough to make it all the way through a registration flow ever create any value.
"Approximately 95.87% of iOS users drop off after day 30," writes Martinez. "As a startup founder, how do you prevent leakage after spending significant resources to acquire people at the top of the funnel?"
For starters, product teams need to identify optimal activation metrics that spotlight the right users — the ones who find utility and delight in your offerings.
Other awesome TC+ stories published in the last few days:
IPO-sta-cart: Keeping financial tabs on Instacart as it preps its IPO by Alex.
The moon or bust: "Just break even" may the worst possible advice for startups in turbulent times by Igor Ryabenkiy.
TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!
Big Tech Inc.
Nothing like a little competition to get the gears grinding, amirite? Upon seeing the myriad of competitors out there set to launch new electric vehicles in the next few years, Tesla is ramping up production in its Texas and Shanghai factories to get ahead of the wave of vehicles, Jaclyn reports.