South Korea’s special financial crimes unit is investigating Do Kwon – TechCrunch

What is it we hear? Is that Friday, May 20, 2022, on the calendar and the soft, seductive siren song of an approaching weekend? Why, yes, that must be it!

Our events team is busy putting together an awesome TechCrunch Disrupt, and we’re excited for Startup Battlefield, where the winner will walk away with a $100,000 check to continue building the future they’re imagining. See how to be in the race. — Haha and Christina

TechCrunch Top 3

  • UST UGH: Terraform Labs founder Do Kwon has some ‘explanations to do with South Korea’s special financial crimes unit, which launched an investigation into the collapse of Terraform’s stablecoin TerraUSD (UST) and its sister token Luna early on Of this month. Prosecutors may be first in line, but the line is growing, with investors filing a lawsuit against Kwon and his co-founder Daniel Shin over alleged fraud charges and other violations of financial regulations. Luna Foundation Guard advisors who count jacquie that they haven’t heard from Kwon in weeks.
  • impasse: We like to read carly‘s outlining what happened with the Costa Rica ransomware attacks – the Conti gang is trying to overthrow the government – and who might be next. At the time of our newsletter, the rescue part was still happening. The deadline given was May 23.
  • klarna konundrum: The payments company is the last to accept the reduction of its valuation, in which case there is some capital attached. We thought Alex sums it up well by saying, “Nobody likes a round down. They are diluted, confusing and demoralizing. But they are also much better than not raising money and dying, so companies raise them when needed.” It explains why Klarna doing an insider round with a cut-off rating is worth it or not.

Startups and VC

Today, we were a little excited about Haje’s profanity-filled rant about Coca-Cola’s new bottle caps that won’t come off the bottle, against a backdrop of greenwashing.

we love it too Brianabout Pebble founder Eric Migicovsky’s love for small phones. “If no one else makes one, I think I’ll be forced to make one myself,” laments Migicovsky.

Also, Brian and Haha tag-team in a couple of articles about Sony’s new headphones. Brian covers the buttons themselves (“As someone who tests many headphones over the course of a year, the LinkBuds S are among the best and most comfortable I’ve ever had in my ears”), and Haje double-clicked the App button. for creating Endel soundscapes.

Put your dancing shoes on, there’s a real dance party with more news coming:

We also have a summary of some of the amazing stories that came out of our mobility event:

Three things to remember when diversifying your startup cap table

High angle view of multicolored toys on white background

Image credits: red (opens in a new window) / Getty Images

Just like a sales team builds and refines their funnel, early-stage founders in fundraising mode can create an investor funnel that will help sustain their company for years to come.

Oriana Papin-Zoghbi, CEO and co-founder of women’s health startup AOA Dx, shared her investor analysis with TC+:

  • 35% private investors
  • 34% women (investors or female-led funds)
  • 26% venture capitalists
  • 23% family and friends
  • 18% international investors
  • 15% angel groups

“When building an investor funnel, vocalizing what you want is crucial to finding the right investors,” says Papin-Zoghbi.

“Finding the right investors is like finding the right team members – you need to be candid about your expectations and address what you want them to bring to the table.”

(TechCrunch+ is our membership program, helping startup founders and teams get ahead. You can sign up here.)

Big Tech Inc.

  • Deposit 25 cents: If you’re a gamer, we assume you have some ideas about God of War: Ragnarök. Devin’s opinion is that this game “may be the most accessible title yet, and that’s saying something”. It’s nice to see Microsoft create a game that offers customizable features for people with certain specific disabilities, such as visual or hearing impairment.
  • The family that Snaps together stays together: For all the parents eager to know who their teen is interacting with on Snapchat, the social media giant is close to releasing its parental control feature, “Family Center”. For those of you who aren’t on Snapchat or don’t have kids, Sara tells us this is important because it’s one of the few social networks where you can’t see someone’s friends list.
  • Holy Pokeballs!: There is now a Poké Ball reward for being a Pokémon GO player and an Amazon Prime member.
  • dating update: It looks like Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is on good terms with Google again. Crisis avoided?

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