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Daily Crunch: India’s Central Bank says cryptocurrency ‘may even be worse’ than Ponzi schemes

TechCrunch

India continues to debate the fate of cryptocurrencies : A nation’s regulatory and banking bodies debating blockchain technology and its related tokens is a daily occurrence. But when an official from India’s central bank compares cryptocurrencies to Ponzi schemes, we take note. Our startup’s first hire was a fractional Head of Remote.

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How CIOs can be pillars of stability in an uncertain world

CIO

Several economists, a bank president, and a couple of reporters walk into a bar. The bank president wails, “ Economic hurricane.” Mike McSally, a human capital advisor with 20-plus years of experience in executive recruiting, does not believe recruiting has to be a problem. Stop me if you’ve heard this one before.

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Extra Crunch roundup: Build a founding team, choose a VC and recruit your board

TechCrunch

Will that stellar engineer become a great CTO? Miranda Halpern spoke to Amsterdam-based coach Ward van Gasteren for our latest growth marketing interview , which is free to read. Should your product person be opinionated or a team player? Are you even the best choice for CEO? Full Extra Crunch articles are only available to members.

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Meta alumni’s startup TrueFoundry raises $2.3 million to accelerate ML deployments

TechCrunch

Choudhary, who serves as CTO at TrueFoundry, also worked at Meta as a software engineer and helped the social networking giant develop products including mobile apps and live video. Before venturing TrueFoundry, Bajaj and Gutgutia co-founded an AI-based recruitment platform EntHire, which was acquired by Info Edge last year.

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Capitalize, a startup that wants to make it easy to roll over your 401(k), closes on $12.5M Series A

TechCrunch

Sharma teamed up with CTO Chris Phillips in late 2019 to form Capitalize, which went on to raise a $2 million seed round last March led by Bling Capital. I was curious about how Capitalize’s offering differs from the services that financial advisors provide. That was one of the things that motivated Sharma.

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Plaid lays off 20% of staff, CEO says the fintech company ‘hired and invested ahead of revenue growth’

TechCrunch

In March, Plaid CTO Jean-Denis Greze told TechCrunch that he grew his engineering team 17.5x She added that since Plaid is “aligning to updated headcount goals, teams like recruiting are impacted more than others.”. in just four years, from 20 engineers to 350 people. Today’s cut likely reverses some of that hyper-growth. .

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Pipe’s founding team stepping down as hunt for ‘veteran’ CEO begins

TechCrunch

Fellow founder and co-CEO Josh Mangel will temporarily assume the role of chief executive while Hurst leads the search and subsequent transition in leadership with the help of a global executive recruitment firm. CTO and co-founder Zain Allarakhia will remain on the board and serve as a senior advisor to the company.

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