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To get a roundup of \u2019s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT,<\/em> subscribe here<\/em>.<\/em><\/p>\n Wednesday, and we\u2019re excited to bring you another round of our esteemed Daily Crunch newsletter. There\u2019s a wide variety of morsels, nuggets, and other bite-sized delights, so let\u2019s go! \u2014 Christine<\/a> and Haje<\/a><\/p>\n Asset management firm Stone Ridge has launched a startup accelerator, Wolf, that will be dedicated to growing Bitcoin-focused applications. The program will bring four cohorts per year, each consisting of about eight to 12 teams, or about 30 to 50 founders, to New York City from around the world for eight weeks at a time to focus on building on the Bitcoin-centric Lightning Network and Taro protocol, Kelly Brewster, CEO of Wolf, told Jacquelyn<\/a>.<\/p>\n Today, for a series of climate-related conversations organized by the global venture firm SOSV, Connie<\/a> interviewed famed investor Chris Sacca. In their chat, Sacca dismissed questions around whether efforts like carbon capture can work at scale. (\u201cThe naysayers kind of fuel me, actually.\u201d) He also said \u2014 naturally \u2014 that he has \u201cno doubt we will have multiple companies worth trillions of dollars that emerge from our portfolio.\u201d It wound up being a fairly wide-ranging conversation.<\/p>\n Moar? Moar!<\/p>\n Image Credits:<\/strong> H-Gall (opens in a new window)<\/span> \/ Getty Images<\/p>\n<\/div>\n No matter what\u2019s happening in the public markets, bees make honey and venture capitalists raise money: It\u2019s just what they do.<\/p>\n But since the \u201cextreme valuation recalibration\u201d in the public markets, VCs are amassing more and more dry powder, write Jeremy Abelson and Jacob Sonnenberg of Irving Investors.<\/p>\n More frustrating news for founders: Investor fundraising \u201cis on pace to finish the year at $172 billion,\u201d but capital deployment is way down.<\/p>\n \u201cDollars are flowing and will continue to flow, but it will be more capital to fewer companies,\u201d they write. Now that \u201ctraditional SaaS has become too expensive and secondarily saturated,\u201d sectors like web3, life sciences and agtech will attract more investors, they predict.<\/p>\n Three more from the TC+ team:<\/p>\n +<\/em> is our membership program that helps founders and startup teams get ahead of the pack.<\/em> You can sign up here<\/em>. Use code \u201cDC\u201d for a 15% discount on an annual subscription!<\/em><\/p>\n Kirsten<\/a> has some late-breaking news that Ford\u2019s and VW\u2019s autonomous vehicle startup Argo AI will be shut down and parts of it will be absorbed by the two companies. This story is still developing, so keep going back to it for more, particularly a comment from the companies in question.<\/p>\n Who doesn\u2019t like a good fraction yelled at them? Duolingo certainly does not. Natasha M<\/a> writes that Duolingo\u2019s owl will now shout all the fractions you want at you as part of its new math app that is now public after spending some months in beta.<\/p>\n And we have five more for you:<\/p>\n<\/div>\nThe Top 3<\/h2>\n
Startups and VC<\/h2>\n
Investors are sitting on mountains of cash: Where will it be deployed?<\/h2>\n
Big Tech Inc.<\/h2>\n