Daily Crunch: To take the friction out of consumer messaging, more companies are entering the Matrix

Daily Crunch: To take the friction out of consumer messaging, more companies are entering the Matrix

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Welcome back to your TechCrunch daily digest. It’s my last day with TechCrunch (you’re always welcome!) So, Christine On Tuesday, he will be back in the Daily Crunch chair. Haje He will not be returning just yet as he is going to Vegas as part the team covering CES. CES is a great event. Brian The curtain has been raised What can we expect? From its first production as a full-fledged unit since COVID.

Goodbye, everyone. All the best for a safe and happy new year. — Henry

At the top

  • Into the Matrix: That Matrix. Matrix is an open-standards-based comms protocol. Paul went deep on. Its network doubled due to increased use from government and enterprises. Reddit is also trying it out, testing its chat feature.
  • Fusion: Tim We took a look at five startups that are primed to take advantage of the latest breakthroughs in fusion. [TC ]
  • Alt-ChatGPT: An open-source equivalent to ChatGPT has been created in the wake of OpenAI’s response. It’s called PaLM RLHF (rolls right off your tongue, eh?) It is, however. Kyle It is not pre-trained so good luck with it.
  • It’s what the Meta eyes see: Amanda Meta has purchased Luxexcel, a Dutch-based smart eyewear company, to get into the eyewear market.
  • Book tracking: Aisha We’ve compiled a list with five apps that can be used to track all the reading you plan to do after 2023.
  • Netflix vs. Hulu: Perhaps you have decided to eliminate one or more streaming services from your list due to their price increases. Lauren We took a look at Hulu and Netflix to help you make a decision.

What to look out for in a termsheet as a first-time founder

Connie Loizos, Silicon Valley reporter, interviewed three experienced VCs to gain their best advice for novice entrepreneurs. She asked them:

  • Why should you have to know what the term sheet will look like before you even see it?
  • Which mechanism should you use from the beginning?
  • What percentage of equity is distributed at each stage of early-stage fundraising
  • What is a red flag on a term sheet?
  • How should founders approach valuation in relation to the first term sheet?

TechCrunch Our membership program helps founders and startups get ahead of the game. Register here. For a 15% discount on your annual subscription, use code “DC”

Looking ahead and looking back

We All the details are here Stories about TC venture capital from a year that saw many downs. Here are some more favorites for good measure.

Zack And Carly took a look back at How law enforcement cracked down against cybercriminals This year. They look at the efforts of both cops and breachers to bring justice.

Indian startups were flooded with cash and made record investments. Now, Manish writes, The ecosystem is in trouble With tightening funding, layoffs are common and public debuts are disappointing.

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