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Happy Tuesday Crunch, our crunchy compatriots. Today there are tons of fun event-based updates for you. If you come to Early Stage in Boston, pitch to VCs there. Even if you want to speak at Disrupt later this summer, you can register now. Oh, and sustainability gets a whole stage for itself at Disrupt. It’s getting rad. See you there?
Also! Darrell argues that “It’s not just generative AI that’s already here — it’s already dealing deadly blows,” in his latest piece, “A Blade So Sharp You Don’t Feel It Cut.”
The gotechbusiness.com Top 3
- Accelerating generative AI: Amazon jumps into startup accelerators again with both feet and will boost generative AI startups around the world with a 10-week program, Natasha M writes. Ten startups will receive $300,000 in AWS credits and will showcase their technology on a demo day.
- A “not quite open source startup”: That is how Paul described Dozer, a startup that emerged from stealth today with $3 million in the bank and technology to help any developer build real-time data apps in no time.
- All in startup: Yes, startup founders are important when it comes to securing funding, but Ensemble amassed $100 million in capital commitments for its debut fund on the premise that behind every founder is a team that also matters when it comes to the success of a company. Bekka tells you how.
Startups and VC
The hype surrounding ChatGPT, OpenAI’s viral AI-powered chatbot, has yet to peak, Kyle reports. That’s the vibe you get from Y Combinator’s Winter 2023 batch, which features no fewer than four startups claiming to be building “ChatGPT for X”.
Today, we keep an eye on the lawsuit from the U.S. Securities and Exchange Commission and Charlie Javice, the founder of student financial aid startup Frank. The SEC is indicting Javice for defrauding JPMorgan in connection with selling the company for $175 million to JPMorgan Chase Bank in 2021, Mary Ann reports.
In between brushing up on the news on: what’s happening with Trump’s impeachment, here are a few more stories to keep you busy:
What is a fair price premium for startup stock?
A new market update report from Redpoint Ventures provides insights for Series B and C founders planning to raise money this year, Alex Wilhelm reports.
“Mid-stage startups still look quite expensive these days,” he writes. “Either the stock market needs to recuperate some of its juice, or starting prices need to fall more to get things back to ‘normal’.”
Three more from the TC+ team:
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Big Tech Inc.
Today we bring you Twitter: everything, everywhere, all at once. Amanda And Alyssa give us a monthly look at Elon Musk’s Twitter, from the layoffs to the verification drama, where changes that were supposed to go into effect on April 1 came and went, leaving us all feeling like an April Fool gone wrong.
Meanwhile, like NASA has named its new moon crewor “Moon Unit” if we may, Virgin Orbit has filed for bankruptcy. Darrell writes, “The bankruptcy filing follows weeks of bad news for the company, including a pause in all operations, a brief search for more cash to continue, and mass layoffs to try to match the right size to the company’s actual available budget. Company. which today’s news essentially confirms did not exist.
And we have five more for you: