Daily Crunch: Twitter removes live audio chat after CEO joins Space with banished reporters

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"Fridaaaaaay!" We liked the Equity team's predictions on the future of building.

Good luck to Alex, who is taking a couple of months off to be a father, but he still occasionally groans at our terrible jokes.

You're still working on your holiday shopping list. There is a great gift idea for you and other soon-to-be entrepreneurs. If you register before midnight, you can get a founder pass to the early stage for just $75. On December 31st.

We are looking forward to another week. It is time for some well-deserved R&R here at Crunch Towers.

The TechCrunch Top 3

• What a tangled web Elon Musk weaves: Lots of Twitter news to parcel out today, so we’ve grouped it all together. The top Twitter trove came from Paul, who wrote that Twitter pulled its Spaces group audio feature following a Spaces where Musk talked to banned journalists. You can find out more about the banning from Taylor. Meanwhile, that was just one of the many moves the Chief Twit made, including suspending Mastodon’s account, Taylor writes.
• Meanwhile, over in Europe: Natasha L reports that European Union lawmakers sent a warning to Elon Musk, via Twitter of course, about sanctions that could be made after Twitter suspended the accounts of journalists without warning.
• Second time may be the charm: The “Black Adam” movie, starring Dwayne “The Rock” Johnson, wasn’t embraced by theater-goers, but HBO Max now has it streaming in hopes of a different outcome, Lauren reports.

Startups and VC

Venture capital funds of all sizes are still being raised despite a decrease in investment into startup. Even though the trend is on the rise, not many of these are led by solo general partners. Nichole Wischoff's solo venture capital firm closed a second fund of $20 million, an increase from her first $5 million fund. She wants to invest in 25 to 30 U.S. startups.

If you need a creative boost, this stop- motion animation music video will do the trick.

The rules of VC are changing: Here’s what founders should be considering in the new era

The fairy tale of growth at all costs was made possible by cheap money that helped set expectations for founders for a long time.

If it takes three times as long to raise a round as it used to, it may not be a good idea.

RebeccaMitchem writes "These 'VCisms' are the result of an era of plenty."

According to a data-driven piece, we are now heading into a growth at reasonable costs era.

VCs have a larger stake over time if the founder continues to water down their ownership.

The value of the equity for all parties in this scenario is higher than in a more conservative growth scenario.

The rules of VC are changing: Here’s what founders should be considering in the new era

There are three more people from the team.

The membership program helps startup teams get ahead of the game. This is where you can sign up. You can get a 15% discount on an annual subscription.

Big Tech Inc.

Meta has been closing down a lot recently. The parent company of Facebook shut down its live shopping feature in October and is shutting it down in February. She writes that the app was originally created to provide a virtual meet and greet experience that was similar to what you experience at a real-life event. They would have liked it if it had caught on.

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