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Happy Tuesday Crunch, our crunchy compatriots. Lots of fun event-based updates today. If you go early stage in Boston, pitch to VCs there. And if you’d like to speak at Disrupt later this summer, you can apply now. Oh, and sustainability is completely on stage with Disrupt. It will be rad. See ya?
again! Darrell argues that “generative AI is not only already here, it’s already dealing a fatal blow.”
TechCrunch Top 3
- Accelerating generative AI: Amazon is jumping on both feet once again into its Startup Accelerator, a 10-week program to boost generative AI startups around the world. Natasha M. I am writing. 10 startups will receive $300,000 in his AWS credits and show off their tech at Demo Day.
- “Startup not very open source”:that’s right Pole Dozer is a startup that has emerged from stealth with $3 million in the bank and technology that enables any developer to build real-time data apps quickly.
- all about startup: Yes, startup founders are important in securing funding, but Ensemble believes that behind every founder there is a team that is also important to the company’s success. accumulated a capital commitment of Becca will tell you how.
Startups and VC
The hype around ChatGPT, OpenAI’s viral AI-powered chatbot, hasn’t peaked yet. Kyle report. That’s the vibe we’re getting from his Winter 2023 batch of Y Combinator, featuring no less than four of his startups claiming they’re trying to build “ChatGPT for X.”
Today, we focus on the US Securities and Exchange Commission and Charlie Javice, founder of student financial aid startup Frank. The SEC is indicting Javice for defrauding JPMorgan in connection with its $175 million sale of the company to JPMorgan Chase in 2021. Mary Ann report.
In between news updates, here are some stories for your enjoyment of what’s happening with Trump’s indictment.
What is a Fair Price Premium for Startup Stocks?
A new market update report from Redpoint Ventures includes insights for Series B and C founders planning to raise money this year, reports Alex Wilhelm.
“Today’s middle-stage startups still look pretty expensive,” he wrote. “Either the stock market needs to pick up momentum or startup prices need to fall further to return to ‘normal’.”
Three more from the TC+ team:
TechCrunch+ is a membership program that keeps founders and startup teams a step ahead. You can sign up hereUse code ‘DC’ and get 15% off your annual subscription!
Big Tech Co., Ltd.
Meanwhile, Virgin Orbit filed for bankruptcy, just as NASA dubbed itself the New Moon Crew, or “Moon Unit.” Darrell “The bankruptcy filing is a moratorium on all business, a short-term search for more funds to continue as a going concern, and a large-scale effort to try and appropriately size the company’s actual available budget. “It follows weeks of bad news for the company, including significant layoffs. Today’s news essentially confirms that it didn’t exist.”
In addition, there are five