Daily Crunch: Twitter removes live audio chat after CEO joins Space with banished reporters
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Fridaaaaaaaay! Today, we especially enjoyed the Equity podcast team’s. 2023 predictions about the future of building, crypto and AI.
Good luck! Alex He is now primarily responsible for TechCrunch , but he also used to write the Daily Crunch.
Are you still making holiday shopping lists? This is a great gift idea to give yourself and other founders in the early stages and soon-to be. Grab a Register with this link to get a $75 Founder Pass to TC Early Stage 2023 Before 11:59 PM PST on December 31,
TechCrunch Top 3
- Elon Musk weaves a complicated web!: There are many Twitter news stories to share today, so we have grouped them all together. The top Twitter trove was from Paul, Who wrote this tweet? Added its Spaces group audio feature Following a Spaces meeting where Musk spoke to banned journalists. You can Learn more about the ban From Taylor. . Mastodon’s account was suspended, Taylor writes.
- In the meantime, in Europe: Natasha L According to reports, Elon Musk was warned by the European Union via Twitter about possible sanctions after Twitter suspended accounts of journalists without warning.
- The second time is always the charm: The movie “Black Adam”, starring Dwayne Johnson “The Rock”, was not well received by theater-goers. However, HBO Max has it streaming on its website in hopes of a better outcome. Lauren reports.
Startups and VC
Venture capital funds of all sizes continue to be raised despite the fact that investment in startups has declined by 2022. But, few of these funds are managed by single general partners (GPs), and even though that trend is on the rise in recent years, even fewer are managed by women or people not from venture capital. Anna writes. Nichole Wischoff is an exception to this rule.: Wischoff Ventures, her solo venture capital firm, closed a second fund worth $20 million. This is a significant increase over her first $5 million fund. Her goal is to invest in 25-30 U.S. startups in the pre-seed and seed stages.
Five more to get you through the weekend… and if you need an artistic boost, This stop-motion animation music video will likely do the trick.
- It’s all about the spillingTwitter is a mess Amanda writes, Spill is an alternative to being fired employees..
- Collecting these forms: Dropbox buys FormSwift, a form management platform, for $95 million in cashReports Kyle.
- Get the ROI you need for your CPG: Christine Kuona was the subject of a recent article. A startup that raised $6 million to show you which promotions have the highest ROI..
- Shining brightly: Tage This article is about a provider for solar energy products in Africa, Asia, and the Middle East. Sun King, who increased its Series D to $330 Million.
- Investing in the Venn Diagram of AI and biotech: Anna explores What biotech investors are looking forward to in 2023.
The rules of VC are changing. Here are some things founders should consider in this new era.
“Growth at any cost” is a fairytale made possible by cheap capital that helped venture capitalists set expectations over founders for years.
The same applies to everyone. However, if it takes three times longer to raise a round, it might not be a good idea.
“These ‘VCisms,’ born out of an era that was prosperous, have permeated boardrooms all over the world,” writes Rebecca Mitchem, Neotribes Ventures partner in TC .
Mitchem claims that we are now in a period of “growth at reasonable cost” according to a data-driven piece.
Founders have two options: They can continue to reduce their ownership by raising fat rounds or they can choose to grow slower, leaving VCs with a greater stake.
Mitchem says, “While it may seem counterintuitive, considering the market environment, the equity value for all parties — investors founders and employees — is higher in this scenario,”
Three more from the TC Team:
- Moar money, moar start-ups: What does this mean for startups, with IT spending expected to rise in 2023? By Ron.
- Get your foot in the door: Haje Here are some tips for startups founders How to get your first investor meeting.
- Biotech meets AI: Anna We spoke to six investors in order to understand why AI is not just a buzzword for biotech..
Big Tech Inc.
Meta has been shutting down a lot lately. Recently, Facebook’s parent company was shut down. It has been removed from the live shopping section In October and now Aisha It is written that it is In February, the Super app will be shut down. She explains that the app was originally created to allow virtual meet and greet experiences similar to those you would experience at real events like Comic-Con or VidCon.
We have five more:
- Get your geek onAmazon has acquired the Film and television rights to Warhammer 40,000, the immensely popular tabletop wargameReports Lauren.
- Your ticket to ride may not be driverless: Waymo opens Phoenix airport rides to the public and doubles its downtown area service area. Rebecca writes.
- Elon Musk presents a Christmas gift early: Texas Tesla Powerwall customers You can now sell your electricity back to the grid. Harri reports.
- It’s important to see the music and not just hear it: We enjoyed DevinThe story of’s Story Riffusion is an AI model that creates music by visualizing it..
- Grab your gig worker pitchforks: Rebecca Writes that “The battle for gig worker status is heating up.”
I’m a journalist who specializes in investigative reporting and writing. I have written for the New York Times and other publications.