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TechCrunch+ roundup: Minimizing M&A mayhem, cybersecurity PM checklist, open source AI

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Image Credits: Prasi photo (opens in a new window) / Getty Images

For an article we’re running on her last day at TechCrunch, Natasha Mascarenhas reached out to four investors to find out whether FOMO is encouraging them to climb aboard the AI bandwagon.

“Some are hiring talent to jump headfirst, others are happy to back the ‘ChatGPT for X’ spin-outs, and many are sitting in awe, watching their existing investments spark an AI debate of their own, no due diligence needed,” she wrote.


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Here’s who she spoke to:

  • Charles Hudson, managing partner/founder, Precursor Ventures
  • Jason Lemkin, managing director, SaaStr Fund
  • Cathy Guo, partner, Sapphire Ventures
  • Navin Chaddha, managing director, Mayfield Fund

Congratulations, Natasha; I wish you all the best with your future endeavors!

Thanks for reading,

Walter Thompson
Editorial Manager, TechCrunch+
@yourprotagonist

The debate happening inside of every VC firm

Making foundation models accessible: The battle between closed source and open source AI

Green wall with white open door, illustration.
Image Credits: JESPER KLAUSEN / SCIENCE PHOTO LIBRARY (opens in a new window) / Getty Images

The volume of data required to train AI models comes with a cost: You’ll need deep pockets to acquire powerful GPUs and the scientists and engineers who’ll manage the work, not to mention the matter of power consumption and related carbon emissions.

Given the tremendous barrier to entry, is it worth considering whether open source foundation models could level the playing field and also address concerns about privacy and bias?

“We’ve now entered a critical phase of AI where who gets to build and serve these powerful models has become an important discussion point, particularly as ethical issues begin to swirl,” writes Jae Lee, CEO and co-founder of Twelve Labs.

Making foundation models accessible: The battle between closed and open source AI

Unlocking the M&A code: 5 factors that can make (or break) a deal

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Image Credits: mjrodafotografia (opens in a new window) / Getty Images

A merger or acquisition is the start of a new relationship, which is why most people approach exits with optimism.

“But all’s not rosy in the world of M&A,” writes SmartBear CEO Frank Roe, who has completed eight acquisitions in less than five years.

“It is a complex and substantially risky decision, not for the faint-hearted. It is essential to approach the decision and process with diligence and forethought.”

In this TC+ guest post, he shares “five indispensable elements to consider for a successful mergers and acquisitions journey,” reminding readers that “there’s no ‘secret formula.’”

Unlocking the M&A code: 5 factors that can make (or break) a deal

Pitch Deck Teardown: Fibery’s $5.2M Series A deck

Image Credits: Fibery (opens in a new window)

Based in Cyprus, workflow and knowledge management platform Fibery raised a $5.2 million Series A in September 2022.

Haje Jan Kamps analyzed the winning presentation and shared his suggestions for improving the company’s 15-slide deck:

  • Cover slide
  • Problem slide
  • Solution slide
  • Market-size slide
  • Competitor slide
  • Competitive analysis slide
  • Product slide
  • “Building blocks” slide
  • Feedback/customer validation slide
  • Go-to market strategy slide
  • Business model slide
  • Traction slide
  • Milestones to date slide
  • Team slide
  • The ask slide

Pitch Deck Teardown: Fibery’s $5.2M Series A deck

Ask Sophie: Can I apply for an EB-1A without first getting an O-1A?

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Image Credits: Bryce Durbin/TechCrunch

Dear Sophie,

What do you think about applying for an EB-1A straight away without first using the O-1A as a stepping stone?

Thanks!

— Extraordinary Engineer in Escondido

Ask Sophie: Can I apply for an EB-1A without first getting an O-1A?

3 key metrics for cybersecurity product managers

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Cybersecurity product managers usually measure conversion rates, detection accuracy and usage/engagement to gain customer insights, but these metrics “may not be what they seem,” writes Ross Haleliuk, an investor who’s also head of product at LimaCharlie.io.

“Context matters a lot, and the realities of different organizations, geographies, cultures and market segments heavily influence what can be measured and what actions can be taken based on these observations.”

3 key metrics for cybersecurity product managers

More TechCrunch

Facebook once had big ambitions to be a major player in enterprise communication and productivity, but today the social network’s parent company Meta will be closing a very significant chapter…

Meta is shutting down Workplace, its enterprise communications business

The Oversight Board has overturned Meta’s decision to take down a documentary revealing the identities of child abuse victims in Pakistan.

Meta’s Oversight Board overturns takedown decision for Pakistan child abuse documentary

The keynote kicks off at 10 a.m. PT on Tuesday and will offer glimpses into the latest versions of Android, Wear OS and Android TV.

Google I/O 2024: How to watch

Adam Selipsky is stepping down from his role as CEO of Amazon Web Services, Amazon has confirmed to TechCrunch.  In a memo shared internally by Amazon CEO Andy Jassy and…

AWS CEO Adam Selipsky steps down

VC and podcaster David Sacks has revealed a new AI chat app called Glue that fixes “Slack channel fatigue,” he says.

David Sacks reveals Glue, the AI company he’s been teasing on his All In podcast

Harness isn’t founder Jyoti Bansal’s first startup. He sold AppDynamics to Cisco for $3.7 billion in 2017, the week it was supposed to go public. His latest venture has raised…

After surpassing $100M in ARR, Harness grabs a $150M line of credit

You can expect plenty of AI, but probably not a lot of hardware.

Google I/O 2024: What to expect

The company’s autonomous vehicles have had a number of misadventures lately, involving driving into construction sites.

Waymo’s robotaxis under investigation after crashes and traffic mishaps

The company is describing the event as “a chance to demo some ChatGPT and GPT-4 updates.”

OpenAI’s ChatGPT announcement: Watch the GPT-4o reveal and demo here

Sona, a workforce management platform for frontline employees, has raised $27.5 million in a Series A round of funding. More than two-thirds of the U.S. workforce are reportedly in frontline…

Sona, a frontline workforce management platform, raises $27.5M with eyes on US expansion

Uber Technologies announced Tuesday that it will buy the Taiwan unit of Delivery Hero’s Foodpanda for $950 million in cash. The deal is part of Uber Eats’ strategy to expand…

Uber to acquire Foodpanda’s Taiwan unit from Delivery Hero for $950M in cash 

Paris-based Blisce has become the latest VC firm to launch a fund dedicated to climate tech. It plans to raise as much as €150M (about $162M).

Paris-based VC firm Blisce launches climate tech fund with a target of $160M

Maad, a B2B e-commerce startup based in Senegal, has secured $3.2 million debt-equity funding to bolster its growth in the western Africa country and to explore fresh opportunities in the…

Maad raises $3.2M seed amid B2B e-commerce sector turbulence in Africa

The fresh funds were raised from two investors who transferred the capital into a special purpose vehicle, a legal entity associated with the OpenAI Startup Fund.

OpenAI Startup Fund raises additional $5M

Accel has invested in more than 200 startups in the region to date, making it one of the more prolific VCs in this market.

Accel has a fresh $650M to back European early-stage startups

Kyle Vogt, the former founder and CEO of self-driving car company Cruise, has a new VC-backed robotics startup focused on household chores. Vogt announced Monday that the new startup, called…

Cruise founder Kyle Vogt is back with a robot startup

When Keith Rabois announced he was leaving Founders Fund to return to Khosla Ventures in January, it came as a shock to many in the venture capital ecosystem — and…

From Miles Grimshaw to Eva Ho, venture capitalists continue to play musical chairs

On the heels of OpenAI announcing the latest iteration of its GPT large language model, its biggest rival in generative AI in the U.S. announced an expansion of its own.…

Anthropic is expanding to Europe and raising more money

If you’re looking for a Starliner mission recap, you’ll have to wait a little longer, because the mission has officially been delayed.

TechCrunch Space: You rock(et) my world, moms

Apple devoted a full event to iPad last Tuesday, roughly a month out from WWDC. From the invite artwork to the polarizing ad spot, Apple was clear — the event…

Apple iPad Pro M4 vs. iPad Air M2: Reviewing which is right for most

Terri Burns, a former partner at GV, is venturing into a new chapter of her career by launching her own venture firm called Type Capital. 

GV’s youngest partner has launched her own firm

The decision to go monochrome was probably a smart one, considering the candy-colored alternatives that seem to want to dazzle and comfort you.

ChatGPT’s new face is a black hole

Apple and Google announced on Monday that iPhone and Android users will start seeing alerts when it’s possible that an unknown Bluetooth device is being used to track them. The…

Apple and Google agree on standard to alert people when unknown Bluetooth devices may be tracking them

A human safety operator will be behind the wheel during this phase of testing, according to the company.

GM’s Cruise ramps up robotaxi testing in Phoenix

OpenAI announced a new flagship generative AI model on Monday that they call GPT-4o — the “o” stands for “omni,” referring to the model’s ability to handle text, speech, and…

OpenAI debuts GPT-4o ‘omni’ model now powering ChatGPT

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The expansion of Polar Semiconductor’s facility would enable the company to double its U.S. production capacity of sensor and power chips within two years.

White House proposes up to $120M to help fund Polar Semiconductor’s chip facility expansion

In 2021, Google kicked off work on Project Starline, a corporate-focused teleconferencing platform that uses 3D imaging, cameras and a custom-designed screen to let people converse with someone as if…

Google’s 3D video conferencing platform, Project Starline, is coming in 2025 with help from HP

Over the weekend, Instagram announced that it is expanding its creator marketplace to 10 new countries — this marketplace connects brands with creators to foster collaboration. The new regions include…

Instagram expands its creator marketplace to 10 new countries

Four-year-old Mexican BNPL startup Aplazo facilitates fractionated payments to offline and online merchants even when the buyer doesn’t have a credit card.

Aplazo is using buy now, pay later as a stepping stone to financial ubiquity in Mexico