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Friday!

How’s that for brevity in newsletter introductions? Let’s get to it so we can crack open a Liquid Death and let the week sag off into the murky distance of memory sooner rather than later. — Christine and Haje

The TechCrunch Top 3

• Uh-oh: Binance, one of the world’s largest cryptocurrency exchanges, confirmed that it found a blockchain bridge breach where hackers made off with $100 million. Carly has more.

• Evolving elephants to unicorns: Annie reports that Kenya’s tourism-focused startup studio Purple Elephant Ventures raises $1 million pre-seed funding to bring some modernization to the industry.

• What until you see the picture: Amazon’s Scout makes you just want to go up to it and give it a pat. Unfortunately, you might not get a chance to. After three years unveiling the robot, the delivery giant said that it is cutting back the program, Brian reports.

Startups and VC

Wildfires have become an ever-increasing threat as houses are built closer together and the growing impacts of climate change wreak havoc on natural landscapes. Entrepreneurs, in response, have started to develop tech meant to minimize the scale and damage of these natural disasters. Convective Capital is a new VC firm looking to back them, and it raised $35 million to do so, Becca reports.

Haje got really bored of startups taking liberties with its market sizing, complaining that if you are a car dealership, your total serviceable market isn’t the value of the cars you sell (that’s the SOM for the car manufacturer). Your SOM is the total value of the sales commissions, service plans, aftermarket goods and services and everything else you can actually make money on.

And we have five more for you:

• Soldier flies marching into a belly near you: FlyFeed flies in the face of the global food crisis, reports Haje.

• All is fair in love and war: Mike reports on what happened when this entrepreneur put her startup on hold to help Ukraine, and told VCs to donate.

• Small-batch tigers: As the market cools, aggressive Tiger Global looks to raise a fund that’s half the size as its last, reports Connie.

• Profit sharing, VC edition: A new cross-border VC firm is offering a sweetener to its founder LPs: part of its own profits, Mary Ann reports.

• It’s been…one year since you bet on me: Natasha M reports that Amazon has 365 days to pour $150 million into diverse check writers.