More companies are entering the matrix to remove friction from consumer messaging • TechCrunch

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Welcome back to your daily TechCrunch goodness. This is my last day with you (you’re welcome!), so Christine He’ll be back in the Daily Crunch seat on Tuesday. He came He won’t be back yet, as he’s heading to Vegas as part of a team covering CES. Speaking of CES, Brian He raised the curtain What can we expect? From its first full-scale production before COVID.

Goodbye for now folks. A safe and happy New Year to you all. — Henry

at the top

  • In the matrix: not at all That Matrix. We are talking about an open standards based comms protocol called Matrix Milk went deeper. Its network doubled in part for increased use by companies and government. Reddit is experimenting with its chat feature.
  • For fusion: Tim Here’s a look at five of the top startups set to benefit from the latest developments in fusion. [TC+]
  • Alt-ChatGPT: OpenAI’s response to ChatGPT followed by an open source equivalent. It’s called PalM + RLHF (rolls right off the tongue, right?), but Kyle He writes that it is not pre-trained, which means good luck driving it.
  • Meta Eyes has it: Amanda Meta is getting into the glass business with the acquisition of Luxexcel, a smart glass company based in the Netherlands, he writes.
  • Bookkeeping: Aisha We’ve compiled a list of five apps you can use to keep track of all the studying you plan to do once the clock strikes 2023.
  • Netflix vs. Hulu: Perhaps you’ve decided to cut back from your lineup in light of the ongoing price hikes of a streaming service or two. Lauren To help you decide, I looked at the features of Netflix and Hulu.

What to look for in a term sheet as a first time founder

Full frame businessman in complex maze

Image Credit: you will say (opens in new window) / Getty Images

Silicon Valley reporter Connie Loizos interviewed three seasoned VCs to get their best advice for new entrepreneurs. She asked them:

  • Why do you need to know what’s in a term sheet before looking at it?
  • Which mechanism is best to use initially?
  • How many shares are distributed in each level of the initial funding round?
  • What is a red flag on a term sheet?
  • How should founders think about valuation when it comes to the first timeline?

TechCrunch+ Our membership program helps founders and startup teams get ahead of the pack. You can register here. Use code “DC” for 15% off annual subscription!

Looking back and looking ahead

We are surrounded TC+ venture capital stories from a year that unfortunately saw a lot of downfalls. Here are a few more favorites for good measure:

Zach And Carly He looked back How law enforcement cracked down on cybercriminals This year. They examine the efforts of both the outlaws and the police.

Indian startups flush with cash with record investments now, Manish writes, The environment is struggling Tightening purse strings, layoffs and disappointing public debuts.


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