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Greetings readers. as a came And Christine As I told you last week, this week’s daily crunch looks a little different, both taking some time. But you’ll still get some TC tidbits in this typically slow news week. I’ll also share some of my favorite stories of the year from TC and TC+, let’s go! – Neither Christine nor Hajee
TechCrunch’s Top 3
- In the year 2023 will be the year when electric vehicles really start to take shape.“Driven by government policy initiatives and billions of dollars of investment in automobiles, we can safely say that an EV industry is beginning to take shape.” Rebecca He wrote.
- No “next twitter” it saysDevin writes that it’s okay if there isn’t a replacement for the Twitter that some of us know and struggle with: “The virtual choice to run to the next Twitter must be rejected.” Twitter was more than a product: it was an unrefined manifestation of digital potential in time that, like any raw material, was destroyed as much as it was created. It was important and fun, but these messy joys have messy endings. To recreate it now, with only superficial learning, is like building a fallen castle on the same shifting sands. Watch it sink!”
- “It’s all in the (lack of) details.”: Zach And CarlyOur friendly cyber security reporters take a look back at the worst data breaches of the year.
Startups and VCs
- In a wind turbine: Harry Robotics startup Aerons, which cleans and inspects wind turbines, has raised $39 million in funding from undisclosed investors, it wrote.
- Multifaceted fintechJakarta-based Akulaku raised $200 million. The fintech, which operates in the Philippines and Malaysia, offers a virtual credit card and payment transaction platform, as well as an investment platform and Neobank. Catherine He wrote.
- Financial perspectiveIndia’s fintech Money View has raised $75 million in a new round to grow its lending business and build more products. Manish He wrote.
High-growth startups should start de-risking their path to an IPO
It seems counterintuitive, but in this chilly fundraising environment, late-stage startups should consider going public.
“While some companies are delaying their IPOs, others are able to play their gains and prepare for when the open market fails to reinvest,” wrote Carl Nidbala, COO and founder of commercial insurance brokerage Shield.
In a detailed TC+ article on why “sensible companies risk going public,” he discusses which sectors are best positioned and perhaps most popular, with metrics that indicate “an IPO is in their future.”
Two more and look back:
- Six climate technology trendsMore investors are looking to get into the climate technology space, and we have some ideas on where to put their money Tim Reports.
- FOMO over due diligenceA few investors talk about how due diligence and investment practices have suffered a bit this year and how we can learn from big mistakes. Dominic Madori And Ron Have more.
- Look back: Karan Bhasin It covers what 10 investors thought about no-code/low-code startups in the first quarter of this year. We will be running a new no-code/low-code survey in Q1 2023, so if you’re an investor interested in this space and want to participate, contact us here.
TechCrunch+ Our membership program helps founders and startup teams stay ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech, Inc.
- Fighting in IndiaAmazon and Uber are among several companies cited by research firm FairWork India as creating unfair working conditions for gig workers. Manish It has more.
- Get out of balanceIf what you need is a report on how you interact with your computer, Scales has your back and can help you work on some healthy computer habits if that’s what you’re looking for in the new year. Ivan He wrote.
- What’s coming for AI.: Kyle He donned his prediction hat over the weekend to let us all know what we can expect on the AI front in 2023.