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  Why I’m using a credit facility to grow my startup Brent Jackson @bjackson  /  9:16 PM GMT+1 • February 25, 2022 Image Credits:  Henrik Sorensen  (opens in a new window) / Getty Images Brent Jackson Contributor Brent Jackson  is the founder and CEO of  Torpago . When it comes  to financing, startups and established organizations will have vastly different experiences. Traditional financing may not always be available to high-growth startups, and even when it is, it often depends on the founder’s personal financial picture and their company’s existing revenue. While larger companies can turn to banks and other financial institutions, new founders often have to turn to alternative sources of financing to grow their companies. For my own company, I decided to look at alternative financing options to scale operations and expand our product road map. To accelerate growth, I decided to raise a small amount of debt equity in tandem with a large, r...

Amazon Music to overtake Pandora as No. 2 US music streamer this year Amanda Silberling @asilbwrites  /  10:03 PM GMT+1 • February 25, 2022 According to  estimates  from Insider Intelligence (previously eMarketer), Amazon Music will surpass Pandora this year to become the music streamer with the second most number of users in the U.S. Notably, this study includes users on both paid and ad-supported plans for these services — so, while Apple Music has an estimated 38.2 million subscribers, compared to Amazon Music’s 52.6 million or Pandora’s 49.1 million, none of Apple’s subscribers are on a free, ad-supported plan (though they could, of course, be on a free trial). Amazon Music is estimated to grow 5.3% year over year, the forecast claims, while Pandora has continued to lose users since 2017 — the SiriusXM-owned streamer’s user base is expected to decline by 6.7% in 2022. A representative from Pandora declined to comment on the new report, but said that Pandora is th...

  Dear Sophie: How can US tech companies support Ukrainians with immigration? Sophie Alcorn @Sophie_Alcorn  /  10:06 PM GMT+1 • February 25, 2022 Image Credits:  Bryce Durbin/TechCrunch Sophie Alcorn Contributor Sophie Alcorn  is the founder of  Alcorn Immigration Law  in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor Dear Sophie: Startup visa news, H-1B and STEM OPT queries Dear Sophie: Should we seek a K-1 visa or marriage-based green card? ​​Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies. “Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says  Sophie Alcorn , a Silicon Valley...

  Coinbase Ventures investor Katherine Wu is leaving the company for early-stage crypto venture capital firm   Archetype , less than a year after joining Coinbase as a senior deal lead in September. “[T]oday is my last day at coinbase sometimes you take that leap of faith and it just doesn’t land quite right- that’s ok!”  Wu wrote in a tweet  on Friday announcing her departure. Wu will work as a venture partner at Archetype, an early-stage VC founded by Ash Egan, who is an investor in a number of prominent crypto startups including Chainalysis, BlockFi, and FalconX, according to the firm’s website. Egan, who previously co-founded ConsenSys Ventures, has invested in renewable bitcoin miner US BTC Corp. and  proof-of-attendance startup POAP  through Archetype. Wu told TechCrunch in a written message that she was “really excited to be back doing what [I] do best — lead investment in founders in crypto looking to raise their first round.” She said she hopes to ...

  Nvidia confirms it is investigating a cybersecurity incident Carly Page @carlypage_  /  10:47 PM GMT+1 • February 25, 2022 Image Credits:  Justin Sullivan  (opens in a new window) / Getty Images U.S. chipmaker  Nvidia  has confirmed that it’s investigating a cyber incident that has reportedly downed the company’s developer tools and email systems. Nvidia told TechCrunch in a statement that the nature and scope of the incident are still being evaluated, adding that the company’s commercial activities have not been impacted as a result. “We are investigating an incident. Our business and commercial activities continue uninterrupted. We are still working to evaluate the nature and scope of the event and don’t have any additional information to share at this time,” the statement read. While Nvidia isn’t sharing any more details about the incident,  The Telegraph  reports that the company’s email systems and developer tools have been suffer...

  Russia says it is restricting access to Facebook in the country Taylor Hatmaker Katherine Wu leaves Coinbase Ventures to join crypto investment firm Archetype Anita Ramaswamy Nvidia confirms it is investigating a cybersecurity incident Carly Page Why I’m using a credit facility to grow my startup Brent Jackson The idea that university degrees don’t matter is a Silicon Valley fantasy Jamie Beaton The Latest Hear how Snorkel AI pitched and won over Greylock on TechCrunch Live Matt Burns 11:00 PM GMT+1 • February 25, 2022 Zendesk terminates $4.1B SurveyMonkey acquisition after its own investors reject deal Ron Miller 10:57 PM GMT+1 • February 25, 2022 TechCrunch+ roundup: Climate tech survey, sex tech strategy, startup advisor compensation Walter Thompson ,  Ram Iyer /  10:55 PM GMT+1 • February 25, 2022 Image Credits:  piola666  (opens in a new window) / Getty Images Oil and gas production generates so much excess methane, it’s cheaper to set it on fire in ...