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Fridaaaaaay! Today we’re particularly excited about the Equity Podcast team’s 2023 predictions for the future of construction, crypto and AI.
Meanwhile, good luck Alex (He mostly takes care of TechCrunch+ these days, but he used to write DailyCrunch and still occasionally groan at our terrible jokes.) He’s taking a couple of months off to start parenthood and do all the things new parents do.
Oh, and are you still working on your holiday shopping list? Here’s a great gift idea for you and other startups and soon-to-be founders. Reserve a TC Early Stage 2023 Founder’s Pass for just $75 by registering at this link before December 31st at 11:59 pm PST.
Finally, we’re excited to see the back of another week. For some well deserved R&R here at Crunch Towers – see you all next week! – Christine And came
TechCrunch’s Top 3
- What a tangled web Elon Musk is.Lots of Twitter news breaking today, so we’ve rounded it all up. The top Twitter trove comes from Paul, Twitter has pulled the Spaces group audio feature following Spaces, where Musk spoke to banned reporters. You can learn more about the ban. Taylor. Meanwhile, it was one of a number of moves that Prime tweeted, including banning the Mastodon account. Taylor He wrote.
- Meanwhile, in Europe: Natasha L EU lawmakers have reportedly sent Elon Musk a warning via Twitter of possible sanctions after Twitter suspended journalists’ accounts without warning.
- Second time may be the charm“Black Adam,” starring Dwayne “The Rock” Johnson, was not well received by theatergoers, but HBO Max is airing it now, hoping for a different result. Lauren Reports.
Startups and VCs
In the year While investment in startups will be slowing down in 2022, venture capital funds of all sizes are still being raised. However, many of these are led by sole general partners (GPS), and while this trend is increasing, few are led by women or people from venture capital backgrounds. Anna He wrote. That makes Nicole Wishoff an exception: Her venture capital firm, Wishoff Ventures, closed a second $20 million fund. Her goal is to invest in 25 to 30 US startups at the pre-seed or seed stage.
Five more to take into the weekend… and if you need a creative boost, this stop-motion animated music video might do the trick.
VC rules are changing: Here’s what founders need to consider in the new era
Image Credits: Mirage C (Opens in a new window) / Getty Images
“Growth at any cost” is a cheap-money myth that has helped capitalists set expectations for founders — and each other — for years.
Similarly, everyone says 18 to 24 months of runway is a good slogan, but if it takes three times as long to take off as before, it might not be good advice.
“These age-old ‘VCisms’ permeate boardrooms and investor meetings,” writes Rebecca Mitchum of NeoTribes Ventures in TC+.
In a data-driven piece on funding, deal volume and consolidation dating back to 2012, Mitchum says we’re now heading into an era of “proportional cost growth.”
Founders can continue to pump out their equity by raising fat rounds, or they can decide to grow more slowly, allowing VCs to own larger stakes over time.
“While it may feel counterintuitive given recent market conditions, the value of equity for all parties – investors, founders and employees – is higher in this more cautious growth environment,” says Mitchum.
Three more from the TC+ team:
TechCrunch+ It’s our membership program that helps founders and startup teams get ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech Inc.
Meta has been shutting things down a lot lately. Facebook’s parent recently shut down its direct marketing feature in October. Aisha He wrote that he is shutting down the super app in February. If you’re not familiar, she writes that it’s an app originally created to provide a virtual meet-and-greet experience similar to what you’d experience at a real-life event like VidCon or Comic-Con. We guess it didn’t catch on as much as they would have liked…
And we have five more for you:
