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Greetings, readers. As Haje and Christine informed you final week, this week’s Daily Crunch will look a bit completely different, given they’re each taking a while off. But you’ll nonetheless get some TC tidbits throughout this sometimes gradual information week. I’ll even be sharing a few of our favourite tales of the 12 months from TC and TC+, so let’s get going! — Neither Christine nor Haje
The TechCrunch Top 3
- 2023 would be the 12 months electrical autos actually begin to take form: “Driven by policy initiatives from governments and billions of dollars in investment from automakers, we can safely say the EV industry has begun to take shape,” Rebecca writes.
- No “Next Twitter,” he says: Devin writes that it’s completely okay for there to not be a substitute for the Twitter that a few of us have come to know and wrestle with: “The illusory choice of rushing to The Next Twitter must be rejected. Twitter was more than a product: it was a moment in time, an unrefined manifestation of digital capability that, like any such raw element, destroyed as often as it created. It was necessary and interesting, but these messy delights have messy ends. To recreate it now, with only superficial lessons learned, would be like rebuilding a fallen castle on the same shifting sands. Watch it sink!”
- “It’s all within the (lack of) particulars”: Zack and Carly, our pleasant neighborhood cybersecurity reporters, took a glance again on the most badly dealt with knowledge breaches of the 12 months.
Startups and VC
- In the wind turbine: Harri writes that robotics startup Aerones, which scrubs and inspects wind generators, raised $39 million in funding from undisclosed buyers.
- Multifaceted fintech: Jakarta-based Akulaku raised $200 million. The fintech, which operates within the Philippines and Malaysia as nicely, provides a digital bank card and installment buying platform, in addition to an funding platform and neobank, Catherine writes.
- A view of cash: Indian fintech Money View raised $75 million in a brand new spherical to scale its credit score enterprise and construct extra merchandise, Manish writes.
High-growth startups ought to begin de-risking their path to IPO now
Image Credits: Richard Drury (opens in a brand new window) / Getty Images
It sounds counterintuitive, however on this chilly fundraising setting, late-stage startups want to think about going public.
“While some companies delay their IPOs, others can play catch-up and prepare for the time when the open market itches to invest again,” writes Carl Niedbala, COO and co-founder of business insurance coverage dealer Founder Shield.
In an in depth TC+ article, he appears at why “sensible companies are de-risking their public path,” which sectors are finest positioned, and maybe most notable, which benchmarks point out “that an IPO is in their future.”
Two extra and a glance again:
- Six local weather tech traits: More buyers need to get into the local weather tech area, and we’ve some concepts about the place they’ll put their cash, Tim stories.
- FOMO over due diligence: A number of buyers discuss how due diligence and investing practices suffered a bit this 12 months and the way we will study from the most important errors. Dominic-Madori and Ron have extra.
- Take a glance again: Karan Bhasin covers what 10 buyers thought of no-code/low-code startups within the first quarter of this 12 months. We’ll be operating a recent no-code/low-code survey in Q1 2023, so when you’re an investor with an curiosity within the area and wish to take part, attain out to us right here.
TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You can enroll right here. Use code “DC” for a 15% low cost on an annual subscription!
Big Tech, Inc.
- Struggling in India: Amazon and Uber had been amongst plenty of firms cited by analysis agency Fairwork India that create unfair working situations for gig employees. Manish has extra.
- Balance out: If what you’re on the lookout for is a report about the way you work together together with your pc, Balance has your again and would possibly even show you how to work on some wholesome computing habits if that’s what you’re after within the New Year, Ivan writes.
- What’s coming for AI: Kyle additionally placed on his prediction hat over the weekend to allow us to all know what we will anticipate on the AI entrance in 2023.