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Friday, December 8, 2023

‘Secondaries summer time’ is over, however 2024 seems promising


Secondary enterprise exercise has ebbed and flowed over the previous couple of months, following a very busy summer time. However 2024 may even see traders returning for good, writes Rebecca Szkutak.


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“The customer universe for pre-IPOs expands fairly a bit when you could have a functioning IPO market. The record of traders who turn into inquisitive about secondaries expands to those who are inquisitive about public markets,” Caplight CEO Javier Avalos informed her.

Thanks for studying,

Karyne

‘Mega-deals’ might be inflating total AI funding figures

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Picture Credit: Andriy Onufriyenko (opens in a brand new window) / Getty Pictures

Funding for AI-related startups surpassed $68.7 billion in 2023, however “mega-deals” may be inflating these numbers. In Q3, complete VC funding within the house was round $22.1 billion. However after subtracting Massive Tech’s mega-deals, the full is extra like $15.1 billion. As Kyle Wiggers writes, “May or not it’s that VCs, initially swept up by the generative AI hype, are coming all the way down to earth and/or rising cautious of the tech’s dangers?”

Twilio would possibly truly deserve activist investor consideration

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Picture Credit: champc / Getty Pictures

Twilio’s share worth is down after it laid off employees this week amid nice instability. In February, CEO Jeff Lawson introduced that he’s splitting the enterprise into two components, with Elena Donio tapped to move knowledge and apps. Throughout its Q3 earnings name, nevertheless, the corporate introduced that Donio can be stepping down. And that’s not even taking into consideration its tanking inventory worth.

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Ask Sophie: Does the H-1B visa require founders to surrender fairness and management?

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Picture Credit: Bryce Durbin/TechCrunch

Pricey Sophie,

I’m at present within the U.S. working for my employer on an H-1B. I’ve been wanting to begin my very own firm, however I’ve been engaged on boosting my accomplishments for the O-1A as a result of I’ve learn in your previous columns over time that transferring an H-1B to a startup comes with plenty of downsides for startup founders, together with giving up management and fairness. How has that now modified?

— Future Founder

Why layoffs occur in December, and how one can deal with them compassionately

Image of workers walking in and out of doors representing tech layoffs in 2023

Picture Credit: Bryce Durbin / TechCrunch

In the event you’ve discovered your self within the uncomfortable state of affairs of getting to do layoffs in December, TechCrunch reporter Haje Jan Kamps has some tips about how one can do it compassionately.



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