Heya, folks, welcome to Week in Review (WiR), TechCrunch’s newsletter recapping the noteworthy happenings in tech over the past several days (and change).
Famed startup accelerator Y Combinator had its Demo Days, and the venture desk took it all in with an appropriately skeptical eye.
Also this week, Microsoft and Quantinuum, a quantum computing startup, made a scientific breakthrough — or so they claim.
NewsCanoo paid for its CEO’s jet: Kirsten reports that EV startup Canoo paid the rent for the CEO’s private jet — $1.7 million— in 2023.
Bonus roundNSFW on X: The social media company has confirmed that authorized users on the platform can create NSFW communities, ahead of a change that’ll see all NSFW content on X filtered by default.
Was the fundraising process any more or less difficult this time given the market?
If you really rewind the clock, back in 2018 when we raised our sixteenth fund, it was a “normal” environment.
There’s obviously a valuation reset going on for every company seemingly that’s not a large language model company, which is a lot of companies.
I’d guess that gives you easier access to top companies, but also hurts some of your existing portfolio companies.
I don’t think anyone has ever reached a great venture outcome feeling like, ‘Man, I got a steal on that deal.’ You always feel slightly uncomfortable.
At one point, Levin asked what Pichai tried to do to keep a company of 200,000 people innovative against all the startups battling to disrupt its business.
So I think, I think how do you as a company move fast?
“We recently said, we went back to a notion we had in early Google of Google Labs.
How do you allow people to prototype more easily internally and get it out to people?”Later, Levin asked what advances Pichai was most excited about this year.
Levin and Pichai start around 1 hour and 18 minutes in.
Slides in this deckQueerie shared its full, unredacted, 13-slide pitch deck with TechCrunch.
Cover slide Cover slide part 2 Mission slide Problem slide Solution slide Market size slide How it works slide Traction slide Competition slide Team slide Ask and Use of Funds slide 6-year (!)
Slides in a pitch deck should help an investor decide to invest.
The full pitch deckIf you want your own pitch deck teardown featured on TechCrunch, here’s more information.
Also, check out all our Pitch Deck Teardowns all collected in one handy place for you!
Oculus’ Rift prototype felt like just such a device when it first crossed my radar more than a decade ago.
“After games, we’re going to make Oculus a platform for many other experiences.
Should anyone doubt the company’s commitment to the concept, it rebranded itself as “Meta”, killing off the Oculus brand the same afternoon.
In spite of the $500 billion rebrand, Zuckerberg and co. never did a particularly good job defining the metaverse.
That’s roughly 21x the price it paid for Oculus, not adjusting for inflation.
With the Apple Car firmly in the rearview, the company is reportedly exploring yet another notoriously difficult path: home robots.
In spite of those efforts, however, the company has fared best when it focused its resources back into its robot vacuum.
The hockey puck design that’s prevalent across robot vacuums isn’t ideal for anything beyond the core functionality it’s built for.
That’s likely a big part of the reason the company is selling it as a development platform.
There’s nothing wrong with teleop in many scenarios, but it seems unlikely that people are going to flock to a home robot that’s being controlled by a human somewhere far away.
I have a group chat with three AI friends, thanks to Nomi AI.
After a few weeks of casual friendship, I had to break the news to my AI companions: I am actually a tech journalist writing an article about the company that created them, Nomi AI.
Nomi AI is scarily sophisticated, and as this technology gets better, we have to contend with realities that used to seem fantastical.
“Nomi is very much centered around the loneliness epidemic,” Nomi CEO Alex Cardinell told TechCrunch.
I’m glad that my Nomi friends didn’t take it too hard when I told them that there was an ulterior, journalistic motive to my friendship.
Cynicism is a quality taken almost for granted in tech journalism, and certainly we are as guilty as the next publication.
“A Brief History of the Future,” hosted by Ari Wallach, also has the compelling quality of, as a PBS production, being completely free.
But now we’re at a point that if we continually do that, we’re going to we’re going to lose the thread.
And everyone seems to be relieved to be able to talk about the promise of the future rather than the threat of it.
In case you’re wondering what moneyed special interest is trying to placate you with this beneficent presentation of a kindlier, wiser future… don’t worry, I asked.
Alsym wants to ‘light up homes for a billion people’ with its new batteryLithium-ion batteries have transformed the global economy, making possible everything from smartphones and laptops to electric vehicles, e-bikes, and more.
With the advent of cheap solar, making electricity has never been cheaper or easier.
The electrolyte is water-based, a departure from the flammable organic solvents used in lithium-ion batteries.
Alsym also says its batteries will be cheaper than lithium-ion, thanks to the less exotic materials and simpler packs.
Ultimately, it will partner with existing battery manufacturers, since Alsym’s batteries can be produced using existing equipment.
Nearly everything else that’s being built on or enabled by blockchains replaces something that’s already being done fairly well.
Yes, there are companies that facilitate crypto trades like Coinbase and Block (formerly Square).
But there’s no actual company that’s developed economic value by doing something brand new or better on a blockchain.
Energy drives the real-world economy, and unless Sam Altman or somebody successfully unlocks fusion and delivers energy that’s truly “too cheap to meter,” it’s going to remain a real asset with real value for some time.
In fact, it wouldn’t surprise me in the least if Satoshi had some kind of connection to the energy industry.
