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Happy Tuesday Crunch, our crunchy compatriots. Today there are a ton of fun event-based updates for you. If you come to Early Stage in Boston, Present to VCs there. Also, if you want to talk to Disrupt later this summer, you can apply now. Oh and sustainability takes center stage at Disrupt. It’s going to be awesome. We’ll see each other there?
Also! Darrell argues that “not only is generative AI already here, it’s already delivering killing blows,” in his latest article, “A knife so sharp you don’t feel it cut.”
TechCrunch’s top 3
- Accelerate generative AI: Amazon is again jumping into startup accelerators with both feet and will boost generative AI startups around the world with a 10-week program, Natasha M writing. Ten startups will receive $300,000 in AWS credits and launch their technology in a demo day.
- A “not quite open source start-up”: It’s like that Paul described Dozer, a startup that came out of hiding today with $3 million in the bank and technology to help any developer build real-time data applications in no time.
- Everything in the start: Yes, startup founders are important when it comes to securing funding, but Ensemble raised $100 million in capital commitments for its first fund based on the principle that behind every founder is a team that also matters when it comes to business success. Beca tell you how.
Startups and VCs
The hype around ChatGPT, OpenAI’s viral AI-powered chatbot, has yet to peak, Kyle reports. That’s the vibe you get from Y Combinator’s winter 2023 batch, which features no less than four startups claiming to be trying to create “ChatGPT for X”.
Today, we’re keeping tabs on the court case of the United States Securities and Exchange Commission and Charlie Javice, the founder of student financial aid startup Frank. The SEC accuses Javice of defraud JPMorgan in connection with the company’s $175 million sale to JPMorgan Chase Bank in 2021, Mary Ann reports.
In between news updates regarding what’s going on with Trump’s indictment, here are some additional stories to keep you entertained:
What is a fair price premium for seed stocks?
A new Market Update Report from Redpoint Ventures contains information for Series B and C founders who plan to raise funds this year, reports Alex Wilhelm.
“Mid-stage startups still seem quite expensive today,” he writes. “Either the stock market needs to recover some of its juice, or startup prices need to drop further to get things back to ‘normal’.”
Three others from the TC+ team:
Tech Crunch+ is our membership program that helps founders and startup teams get a head start. You can register here. Use code “DC” to get 15% off an annual subscription!
Big Tech inc.
Today we bring you Twitter: everything, everywhere, all at once. Amanda And Alyssa give us a monthly summary Elon Musk’s Twitterfrom the layoffs to the audit drama, where the changes supposed to go into effect on April 1st came and went, leaving us all feeling like it was an April Fool’s joke gone awry.
Meanwhile, just like NASA named its new moon crewor “Moon Unit” if we can, Virgin Orbit has filed for bankruptcy. Darrell writes: “The bankruptcy filing follows weeks of bad news for the business, including a pause on all operations, a brief search for more cash to continue as a going concern, and mass layoffs to try and fit the company’s actual available budget, which today’s news essentially confirms was non-existent.
And we have five more for you: