After developers complain, Microsoft clarifies new policy on open source monetization – TechCrunch

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Time to do the Friday dance! We’ve talked about our digital TC Classes: Robotics occasion a couple of occasions, however we’ve received some excellent news for occasions followers. Cling on to your blockchains and sharpen these crypto wallets — we’re doing a TechCrunch Classes: Crypto in November as properly! Comfortable weekend! See y’all on Monday. — Christine and Haje

The TechCrunch High 3

• Phrases imply all the things: Microsoft got here beneath hearth not too long ago by builders because of the method it worded a brand new coverage banning profiting off of open supply software program, and whereas the corporate clawed again that coverage, Paul gives a take a look at what all it will imply.
• No snakes and frozen statues right here: Christine writes about Medusa’s $8 million seed spherical to tackle Shopify with its open supply e-commerce instrument for small companies to develop their enterprise past the fundamental API implementations supplied by marketplaces.
• B-O-A-R-D: No, it’s not right this moment’s Wordle reply — we checked — however followers of the sport will probably be delighted to know that the favored guess-the-word pc recreation is being was a board recreation, Ivan writes.

Startups and VC

“We now have entered an unprecedented mixture of crypto winter and broad macroeconomic instability, and we have to put together the corporate for the potential for a protracted downturn,” OpenSea CEO Devin Finzer stated, as Lucas reviews.

The query bouncing round Alex’s thoughts this morning is why enterprise investments are slowing when a lot capital has been raised by VCs to take a position? (Examine it on TC+, our subscription product.)

NGL and Sendit’s apps are problematic, Sarah writes, as a result of they’ve been utilizing deceptive techniques to trick their younger customers into pondering they have been receiving engagement from associates after they weren’t.

Kick off the weekend by bopping alongside to this wildly darkish and weirdly threatening EDM monitor from Rüfüs Du Sol, as you skim the very best of the remaining:

• Hello, is that Nothing? Brian simply posted his overview of the Nothing Telephone (1), sharing that it’s “a refreshing change of tempo in a smartphone market that has misplaced a lot of its sense of enjoyable.”
• Hello, WYD: The race is on, with a variety of startups racing to construct a crypto-native, consumer-friendly messaging platforms for web3, reviews Connie.
• Shields up: Together with her new startup, Granitt, Runa Sandvik goals to assist at-risk individuals, like journalists and activists but additionally politicians, attorneys, refugees and human rights defenders, from threats they face doing their work, Zack reviews.
• You get a bank card, you get a bank card: Stori affords bank cards to underserved populations in Mexico. It has raised $50 million in fairness at a $1.2 billion valuation, writes Mary Ann.
• They’re actually going locations: Vektor Companions raises new $126 million fund to look particularly at sustainable mobility firms, reviews Mike.
• It’s the birds, and the bees, and the flowers, and the vee cees: Systemiq secures $70 million to fund early-stage local weather tech founders, reviews Harri.

Pivoting your startup in a bear market: Turn out to be undeniably fundable

Picture Credit: Eoneren (opens in a brand new window) / Getty Photographs

Each founder is trying to find methods to preserve money in the mean time, however a laser deal with saving cash as an alternative of making efficiencies will solely delay the inevitable.

In July 2022, traders is not going to again firms that may’t reveal proficiency in 5 fundamental KPIs, in line with Kraig Swensrud, founder and CEO of Certified.

“We’re not going again to the sugar excessive of the previous decade anytime quickly, however with integrity, robust management and operational effectivity, we cannot solely survive, however thrive.”

(TechCrunch+ is our membership program, which helps founders and startup groups get forward. You may join right here.)

Huge Tech Inc.

Brian writes that after testing out drone supply in California, Amazon is heading over to the Lone Star State — that’s Texas, y’all — to start delivering within the city of Faculty Station, the place Texas A&M College is situated. Now when Texans take a look at the sky, it sort of provides a brand new that means to “the celebs at evening are huge and vivid.”

As one in all our colleagues famous, TikTok wrote a quite prolonged publish mainly saying that its chief safety officer stepped down from his place. Aisha reduces the information right down to a extra manageable size.

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All you Apple Music subscribers on the market gained one other perk with Apple Music Classes, which gives entry to audio recorded at Apple music studios around the globe. Nation stars Carrie Underwood and Tenille Townes have been the primary to present it a go, Lauren writes.

Natasha L gave us headline right this moment along with her story on a proposal by European lawmakers to make it simpler to share medical information throughout borders, however in a method that can be safe.

Oh, and Bungie is now formally a part of Sony, Taylor reviews.

In case you missed it, our colleagues have been working exhausting yesterday, and listed below are some late-day tales we don’t need you to overlook: