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Greetings from TechCrunch! Yes, it turns out that we have a desk, although we haven’t seen what’s inside for a long time. Here we are doing some stretching before Disrupt starts tomorrow. Some of us have just gotten a peek inside the place, and it looks pretty cool. “the pressure!” As (some) children say these days. – Christine And the pilgrim
Top Tech Crunch 3
- “This, this, that doesn’t kill me, can only make me stronger“: Two of our top stories today centered around the same topic — Kanye West, who is now Yi, surprised us all by announcing that he’s buying conservative social media site Parler. Manly… masculine He has the basics of the deal.
- More about Yi: while, Daryl Take a look at how similar Ye’s purchase of Parler is to Elon Musk’s deal to buy Twitter. Hint: billionaire tantrums.
- Flip over metaverse: Manly… masculine He had another excellent chart today. Indian e-commerce giant Flipkart has unveiled Flipverse, its converging shopping experience so users can earn loyalty points called Supercoins.
Startups and VC
Can we spend some time and celebrate Mary Ann And her great newsletter The Interchange? She has the Daily Crunch team shamed with her in-depth analysis and summary of what moves and rocks the financial world, and it’s always an incredible read. This week’s edition (“Even the decoorne has its own challenge”) was especially cool. Check it out, and if you want to see the entire backlog, There’s a clickable link for that too.
We know we have an entire section for TC+ below, but we specifically wanted to highlight it Natasha mAn article about the resignation of a large number of CFOs in prominent companies, and what that says about the overall ecosystem. in Are CFOs okay? (Answer: Yes, but this is complicated)She split it in classic Natasha style.
Ah, we love our co-workers. Can you tell?
Let’s dig into the news pile and see what else there is:
2023 VC Predictions: Finding a Way Out of the “Chaos Middle”
Image credits: Artur Debat (Opens in a new window) / Getty Images
Eric TarcinskiMD, managing partner and founder of Contrary Capital, says we are entering an era of “chaotic midst” for venture capital:
“Companies can no longer raise $5 million to $10 million in incorporation rounds with nothing but a pool and the assumption that revenue multiples will exceed historical standards,” he wrote in a TC+ guest post.
Looking ahead to 2023, Tarczynski anticipates an environment where “the venture capital landscape is beginning to split” such as “slow M&A activity, no IPOs” and “good companies in ‘safe’ industries temper investor expectations.”
Three more from the TC+ team:
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Big Tech Inc.
If you love shopping and love shopping with discounts, PayPal has some news for you. Payment giant Replace Honey Gold Rewards with PayPal RewardsWhich Sarah He writes, “It allows customers to redeem their points for PayPal cash, gift cards or shopping credits. With the new PayPal Rewards, customers will be able to track and redeem their points directly within the PayPal app, and they will have new ways to earn them.”
And we have five for you:
