After a particularly busy summer, secondary venture activity has waxed and waned in recent months. But in 2024, investors may return for good, writes Rebecca Schuchtak.
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“When the IPO market is functioning, the pre-IPO buyer pool expands considerably. The list of investors interested in secondaries expands to include investors interested in the public markets,” said Caplight CEO. Javier Avalos told her.
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‘Mega-deal’ could inflate overall AI funding amount
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Funding for AI startups exceeded $68.7 billion in 2023, but “mega deals” may be inflating that number. Total VC funding in this space in the third quarter was approximately $22.1 billion. But if you subtract the Big Tech mega-deals, the total is closer to $15.1 billion. Kyle Wiggers writes: “Maybe VCs who were initially swayed by the generative AI hype are coming back to reality and becoming more wary of the risks of the technology?”
Twilio may be worth the attention of activist investors
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Twilio’s stock price has fallen this week after the company laid off employees amid much volatility. In February, CEO Jeff Lawson announced that the company would be splitting the business into two parts, with Elena Donio heading up data and apps. However, during the company’s third-quarter earnings conference, the company announced that Donio would be stepping down. And that doesn’t take into account the collapse in stock prices.
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Ask Sophie: Does the H-1B visa require founders to give up stock and control?
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Dear Sophie
I am currently working for my employer on an H-1B in the United States. I wanted to start my own company, but transferring an H-1B to a startup has many downsides for startup founders, including giving up control and capital. How has that changed now?
— Future Founder
Why layoffs happen in December and how to deal with them compassionately
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If you find yourself in the uncomfortable situation of having to make a layoff in December, TechCrunch reporter Haje Jan Kamps has some tips for doing it compassionately.
Source: techcrunch.com
