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Greetings from the TechCrunch office! Yes, it turns out we have an office, even though we haven’t seen the inside for a long time. We’re doing some work here before the riots start tomorrow. Some of us got a sneak peek inside the place, and it looks amazing. “Squeeee!” As (some of) the kids say these days. – Christine And came
TechCrunch’s Top 3
- “That, that, that won’t kill me, might make me stronger.“Two of our top stories today focus on the same topic – Kanye West, who now goes by Ye, has surprised us all by announcing that he is buying the conservative social media site Parlour. Manish It has the basics on the deal.
- More on Ye: Meanwhile Darrell He noted how similar the deal to buy Parlor was to Elon Musk’s purchase of Twitter. Clue: Billionaire Rage.
- Flipping on the metaverse: Manish He had another chart-topper today. Indian e-commerce giant Flipkart has launched Flipover, a unique shopping experience that allows users to earn loyalty points called SuperCoins.
Startups and VCs
We can have a little time to celebrate Mary Ann And her fantastic fintech newsletter, The Interchange? She puts the Daily Crunch team to shame with her in-depth analysis and summaries of what’s shaking in the world of finance, and is always an incredible read. This week’s issue (“Even Decacorns Have Their Challenges”) was particularly impressive. Check it out, and if you want to see the entire backlog, there’s a click-link for that, too.
We know we have a whole section for TC+, but we want to highlight it in particular Natasha MWhat does it say about the CFOs killed at high-profile companies and the entire ecosystem? Are CFOs safe? (Answer: Yes, but CEOs? That’s complicated.) She broke it down in classic Natasha style.
Oh, we love our coworkers. can you speak
Let’s take a look at the news pile and see what else is out there:
2023 VC Predictions: Finding a way out of a chaotic environment
Image Credits: Arthur argued (Opens in a new window) / Getty Images
Eric TarczynskiManaging partner and founder of Contrari Capital, he says we’re entering a “chaotic middle” era for venture capital.
“Companies can’t expect $5 million to $10 million seed rounds with nothing but a boatload and revenue multiples higher than historical norms,” he wrote in a TC+ guest post.
In the year Looking ahead to 2023, Tarczynski predicts a scenario where “the VC landscape begins to fragment,” with “slow M&A activity and no IPOs” and investors expecting “good companies in ‘safe’ industries.”
Three more from the TC+ team:
TechCrunch+ It’s our membership program that helps founders and startup teams get ahead of the pack. You can register here.. Use code “DC” for 15% off annual subscription!
Big Tech Inc.
If you love shopping and shopping at a discount, PayPal has some news for you. The payments giant will replace its Honey Gold rewards program with PayPal Rewards. Sarah “It allows customers to redeem their points for cash, gift cards or PayPal shopping credits,” he wrote. With the new PayPal Rewards, consumers can track and redeem their points directly in the PayPal app and have new ways to earn money.
And we have five more for you:
