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It's time for your daily digest of tech news. Christine will be back in the Daily Crunch seat on Tuesday after I leave. Haje won't be back until he is part of the team covering the Consumer Electronics Show. Brian gave us a glimpse of what we can expect from the first full- fledged production since before COVID.
It's time to Bye for now. Wishing you a safe and happy new year.
At the top
- Into the Matrix: No, not that Matrix. We’re talking about the open standards-based comms protocol called Matrix that Paul went deep on. Its network doubled thanks in part to increased use by enterprises and government. Reddit is also having a go, experimenting with it for its chat feature.
- For the fusion: Tim took a look at five startups primed to benefit from the recent breakthroughs in fusion. [TC+]
- Alt-ChatGPT: In the wake of the response to OpenAI’s ChatGPT comes an open source equivalent. It’s called PaLM + RLHF (rolls right off the tongue, eh?), but Kyle writes that it isn’t pre-trained, which means good luck running it.
- The Meta eyes have it: Amanda writes that Meta is getting into the eyewear business with its purchase of the Netherlands-based, smart eyewear company Luxexcel.
- Book tracking: Aisha rounded up a list of five apps that you can use to track all that reading you’re planning to do once the clock strikes 2023.
- Netflix vs. Hulu: Perhaps you’ve decided to cut a streaming service or two from your lineup in light of their continued price hikes. Lauren took a look at the features of Netflix and Hulu to help you make a decision.
What to look for in a term sheet as a first-time founder
Three seasoned VCs were interviewed to get their best advice for beginners. She inquired about them.
- Why should you know what’s going to be in a term sheet before you see it?
- Which mechanism is best to use at the outset?
- How much equity is distributed at each level of early-stage fundraising?
- What’s a red flag in a term sheet?
- How should founders think about valuation when it comes to that first term sheet?
What to look for in a term sheet as a first-time founder
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.
Looking back and looking ahead
There were a lot of downs in the year that we rounded up. Here are a few more favorites as well.
Law enforcement cracked down on cyber criminals this year. They look at the efforts of both cops and breachers.
Indian startups had a lot of money. The ecosystems is struggling with layoffs and disappointing public debuts.
