Daily Crunch: After 16 months on the job, Better.com CTO Diane Yu steps down – TechCrunch

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Welcome to the Daily Crunch for Friday, April 8, 2022! Today, Haje has mostly been reading the most recent IPCC report and gobbling anti-anxiety meds by the fistful, while Christine was talking and writing all day.
If it turns out that saving the planet is the wrong thing to do, we can always choose to burn it to cinders at a later date. Until then, can we just agree to try and help out, collectively?
On that cheerful note, may your weekend contain the appropriate amount of the right kind of surprises. – Christine and Haje
Tesla is lovely and all, but the company cannot be accused of making EVs financially accessible. Great news for EV lovers, then: Vietnamese EV company Vinfast is leaning on the accelerator into its IPO process, promising a new generation of affordable electric vehicles alongside offerings from GM, Hyundai and Kia. I, for one, can’t wait until gas-guzzlers are a thing of the past.
I’ve lived on four different continents, and I’m infuriated that in 2022, sending money internationally is still an industry full of “solutions” that make you wonder who’s in charge around here. SwooshTransfer raised a multimillion-dollar angel round to solve this problem once and for all, “making transactions simple.” Nobody tell them about Wise, Xe, Western Union, WorldRemit, HiFX, Remitly, OFX, MoneyGram, Xoom, or any of the other dozens of well-funded companies already out there.
Let’s do a quick lap to see what else you may have missed:

A closeup of a fuel-level indicator from a car dashboard indicating empty..

Image Credits: Jasmin Merdan (opens in a new window) / Getty Images

Image Credits: Jasmin Merdan (opens in a new window) / Getty Images
If your early-stage startup doesn’t have enough cash on hand to last until the fall of 2023, you might have a problem.
As a general rule, “seed-stage and Series A-stage companies should plan to have at least 12 to 18 months of runway,” says angel investor Marjorie Radlo-Zandi.
In a follow-up to her last column about calculating TAM, she shares her burn rate calculator and five tips for managing cash on hand.
“Projections are useful,” she says, “but you can’t account for unexpected problems or opportunities.”
(TechCrunch+ is our membership program, which helps founders and startup teams get ahead. You can sign up here.)
Does your startup have enough runway? 5 factors to consider

Put a tally in the Microsoft column. Six years into a broader investigation of Russian state-sponsored hacking group APT28, Microsoft announced this week that it successfully seized domains the group, operated by Russian military intelligence, used to target institutions in Ukraine.
Spotify gives us some TikTok vibes today. The streaming service is on a roll with yet another new discovery feature that it is testing. We report that this time it is “a personalized feed on the app’s home screen, which introduces users to new music through a feed of canvas loops (aka those GIFs that appear when you’re listening to certain songs — Olivia Rodrigo’s ‘Brutal’ is accompanied by loop of a cake being smashed, for example).” This follows last week’s test of an “audio news feed” for podcasts.
Twitter, Twitter, Twitter! We know Jan would be rolling her eyes at Marcia right now for discussing the social media giant yet again this week, but there is just too much going on to not mention it. Twitter offered up new additions to its alt text feature (images with alt text will contain an “ALT” badge in the corner of the image) and you can now untag yourself from tweets (we’ll have to learn not to take that one personally).
Here are some other stories to put on your reading list for today:

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