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The team that went to CES is back at their desks.Missed a series of stories or simply didn’t get the story Brian You’ve created an amazing CES 2023 report. Skim it and you’ll be safe in the knowledge that you didn’t miss anything big as you grab your favorite easy chair and a book to settle in for the weekend. Christine When he came
TechCrunch Top 3
- A slasher movie, but IRL: Tesla is slashing prices by as much as 20%, this time for US buyers. Kirsten report. This new floor below $55,000 is “significant because it allows the buyer to qualify for her $7,500 federal tax benefit,” she wrote.
- nail sticks out: Fintech startup Mayfair debuts high-yield APRs for businesses with $10 million in funding from investors including Tiger Global. Mary Ann It details how the company is able to offer such high interest rates.
- If A then B: mannish I am writing about what Google warned India about. If India’s antitrust ruling takes effect, it threatens national security and increases the price of his Android devices in the region.
Startups and VC
With World View, the company developing stratospheric balloons for Earth observation and tourism, heading to the public market, it looks like SPACs aren’t completely dead yet. Aria report. The company is looking to build what it calls a “stratospheric economy” on Friday, and a special purpose acquisition company (SPAC) said he would merge with Leo Holdings Corp. II in a deal worth $350 million. .
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Will not grow to 2021 valuation
Image credit: nfs photo (opens in new window) / Getty Images
According to Irving Investors’ Jeremy Abelson and Jacob Sonnenberg, many, if not most, of the founders obsessed with 2021 valuations live in illusion.
In this TC+ post, they did “the simple math behind how long it takes a company to uniformly price an IPO against its previous 2021 valuation.”
A company with 75% year-over-year growth “can entertain the debate,” but “if growth is less than 30%, it is likely impossible to grow to 2021 valuations.” am”.
Three more from the TC+ team:
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Big Tech Co., Ltd.
Are you hanging around Paris now? Well this may be your last time. romance As the city considers whether to put the brakes on renewing contracts with the three companies, we’re taking a closer look at how Paris’ scooters are at a crossroads. As Michael Scott said, “Buckle it up. It’s going to be bumpy.”
in the meantime, Sara When Kirsten They paired up in the scoop that Tokyo-based news aggregator SmartNews laid off 40% of its staff in the US and China.
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