Daily Crunch: To Eliminate Consumer Messaging Friction, More Companies Are Entering The Matrix
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Welcome to your daily summary of the benefits of TechCrunch. It's my last day with you (you're welcome!), so Christine will be back in the Daily Crunch headquarters on Tuesday. Haje won't be back yet as he's heading to Vegas as part of the team covering CES. Speaking of CES, Brian pulled back the curtain on what we can expect from his first full-fledged production since pre-COVID.
Goodbye for now, friends. Happy new year to you all. — Henry
At the top In The Matrix: No, not this Matrix. We're talking about the open standards-based communications protocol called Matrix that Paul has delved into in depth. Its network has doubled thanks in part to increased use by businesses and government. Reddit is also trying it out, experimenting with it for its chat function. For Merger: Tim took a look at five startups poised to benefit from recent merger breakthroughs. [TC+] Alt-ChatGPT: In the wake of the response to OpenAI's ChatGPT comes an open source equivalent. It's called PaLM + RLHF (rolls on your tongue, huh?), but Kyle writes that it's not pre-formed, which means good luck getting it to work. Meta's eyes got it: Amanda writes that Meta is getting into the eyewear business with its purchase of Dutch smartglasses company Luxexcel. Book Tracker: Aisha has compiled a list of five apps you can use to track all the reading you plan to do once the clock strikes in 2023. Netflix vs. Hulu: You may have decided to drop a streaming service or two from your lineup in light of their continued price hikes. Lauren reviewed the features of Netflix and Hulu to help you decide. What to Look for in a Term Sheet as a First-Time Founder
Image Credits: syolacan (opens in a new window) / Getty Images
Silicon Valley reporter Connie Loizos interviewed three seasoned VCs to get their top tips for first-time entrepreneurs. She asked them:
Why should you know what's going to be in a condition sheet before you see it? Which mechanism is best to use initially? How much equity is distributed to each level of early stage fundraising? What is a red flag in a termsheet? How should founders think about valuation when it comes to that first term sheet?TechCrunch+ is our membership program that helps founders and startup teams get a head start.
Get a summary of the biggest and most important stories from TechCrunch delivered to your inbox every day at 3:00 p.m. PDT, register here.
Welcome to your daily summary of the benefits of TechCrunch. It's my last day with you (you're welcome!), so Christine will be back in the Daily Crunch headquarters on Tuesday. Haje won't be back yet as he's heading to Vegas as part of the team covering CES. Speaking of CES, Brian pulled back the curtain on what we can expect from his first full-fledged production since pre-COVID.
Goodbye for now, friends. Happy new year to you all. — Henry
At the top In The Matrix: No, not this Matrix. We're talking about the open standards-based communications protocol called Matrix that Paul has delved into in depth. Its network has doubled thanks in part to increased use by businesses and government. Reddit is also trying it out, experimenting with it for its chat function. For Merger: Tim took a look at five startups poised to benefit from recent merger breakthroughs. [TC+] Alt-ChatGPT: In the wake of the response to OpenAI's ChatGPT comes an open source equivalent. It's called PaLM + RLHF (rolls on your tongue, huh?), but Kyle writes that it's not pre-formed, which means good luck getting it to work. Meta's eyes got it: Amanda writes that Meta is getting into the eyewear business with its purchase of Dutch smartglasses company Luxexcel. Book Tracker: Aisha has compiled a list of five apps you can use to track all the reading you plan to do once the clock strikes in 2023. Netflix vs. Hulu: You may have decided to drop a streaming service or two from your lineup in light of their continued price hikes. Lauren reviewed the features of Netflix and Hulu to help you decide. What to Look for in a Term Sheet as a First-Time FounderImage Credits: syolacan (opens in a new window) / Getty Images
Silicon Valley reporter Connie Loizos interviewed three seasoned VCs to get their top tips for first-time entrepreneurs. She asked them:
Why should you know what's going to be in a condition sheet before you see it? Which mechanism is best to use initially? How much equity is distributed to each level of early stage fundraising? What is a red flag in a termsheet? How should founders think about valuation when it comes to that first term sheet?TechCrunch+ is our membership program that helps founders and startup teams get a head start.
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