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PitchBook: venture capital investment in crypto startups declined 37% YoY in Q3 2022 to $4.44B, the industry’s lowest level in more than a year (Hannah Miller/Bloomberg)

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Hannah Miller / Bloomberg:
PitchBook: venture capital investment in crypto startups declined 37% YoY in Q3 2022 to $4.44B, the industry’s lowest level in more than a year  —  Crypto startups are suffering from this year’s mass selloff of digital currencies.  Venture capital investment in the industry sank to its lowest level …

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The Meta Connect keynote felt overscripted and “incredibly thirsty”, with its prolonged pitch for VR and the metaverse coming off as one of tech’s hardest sells (Darrell Etherington/TechCrunch)

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Sources: Intel is planning major job cuts, likely in the thousands, as early as this month; some divisions, including sales and marketing, could see ~20% cuts (Bloomberg)

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Seattle-based Redfin lays off 862 employees, or ~13% of its workforce, and ends its home-flipping program RedfinNow; its stock is down 96%+ since February 2021 (Nate Bek/GeekWire)

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