Day by day Crunch: New Twitter Blue characteristic will reportedly squelch 50% of adverts for paid members

To get a roundup of TechCrunch’s greatest and most necessary tales delivered to your inbox every single day at 3 p.m. PDT, subscribe right here.

Nicely, hey there! Haje is getting a head begin on the weekend, so it’s going to be me and also you for the following two days. I’ve been among the many group of TechCrunchers watching pitch after pitch at Y Combinator’s Demo Day. Right here is a component 1 of our favorites, with the second coming in a while right this moment. On with the information! — Christine

The TechCrunch High 3

• Solely half?: Twitter is rolling out some new options for Blue subscribers, together with one that may present 50% of the adverts of their timeline in comparison with what nonpaid customers see, Ivan studies.
• Sucking up the competitors: The U.Ok.’s Competitors and Markets Authority is wanting extra carefully at Amazon’s $1.7 billion iRobot acquisition to see if there’s any risk of much less competitors, Paul writes.
• Get your info straight: That’s what the Indian authorities is saying to Fb, Twitter and different social media firms about posting any misinformation. That now contains cracking down on on-line betting video games, Manish studies.

Startups and VC

Meal substitute startup Yfood did a factor right this moment. Ingrid studies that Nestlé closed on an acquisition of the corporate in a deal that values Yfood at $469 million. She writes, “Yfood’s milestone ought to give the meals tech group one thing substantial to chew on. The intersection of tech and meals has been taking part in out as a theme on the planet of startups for years, with technologists and entrepreneurs bringing a hacking mentality to the sphere to take new approaches to sourcing, getting ready, promoting and distributing issues to eat and drink.”

In the meantime, Canaan closed two new funds — its twelfth flagship fund for early-stage tech and healthcare startups and a chance fund — that complete $850 million. That chance fund is perhaps elevating some eyebrows, with Connie writing, “Some institutional traders privately grouse that they don’t like later-stage funds hosted by early-stage traders, because it complicates their capacity to correctly diversify their very own investments.” Connie notes that the market is perhaps slowing, however enterprise capital companies are persevering with to amass large funds, as we additionally noticed S2G Ventures do right this moment.

Now right here’s 5 extra for you:

Funds providing ‘family and friends’ checks might deliver the change underrepresented founders want

Picture Credit: Overearth / Getty Pictures

America’s long-standing wealth hole between white and Black households contributes to the shortage of range amongst startup founders.

Median liquid wealth for a Black household within the U.S. is $3,630, however that determine soars to $79,000 for a white household. In consequence, “the typical Black founder raises lower than round $1,000 from household and associates,” studies Dominic-Madori Davis.

Because the common family and friends spherical is $23,000, “they’d must safe your entire liquid wealth of six Black households,” in accordance with a white paper by enterprise fund Fifth Star.

Three extra from the TC+ crew:

TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You may enroll right here. Use code “DC” for a 15% low cost on an annual subscription!

Huge Tech Inc.

No private knowledge for you! Google is saying it would limit private mortgage apps from accessing person photographs and contacts amid elevated predatory conduct from some lenders towards debtors, Jagmeet writes.

You all have confirmed to be automobile lovers, so right here’s Patrick’s tackle the whole lot that stood out on the 2023 New York Auto Present.

Oh wait, there’s extra: