Secondary venture activity has ebbed and flowed over the last few months, following a particularly busy summer. But 2024 may see investors returning for good, writes Rebecca Szkutak.
Full TechCrunch+ articles are only available to members.
Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription.
“The buyer universe for pre-IPOs expands quite a bit when you have a functioning IPO market. The list of investors who become interested in secondaries expands to those that are interested in public markets,” Caplight CEO Javier Avalos told her.
Thanks for reading,
Summer’s secondary surge didn’t last, but 2024 should be strong
Join us at TechCrunch Sessions: AI
Secure your spot for our leading AI industry event with speakers from OpenAI, Anthropic, and Cohere. For a limited time, tickets are just $292 for an entire day of expert talks, workshops, and potent networking.
Exhibit at TechCrunch Sessions: AI
Secure your spot at TC Sessions: AI and show 1,200+ decision-makers what you’ve built — without the big spend. Available through May 9 or while tables last.
‘Mega-deals’ could be inflating overall AI funding figures
Funding for AI-related startups surpassed $68.7 billion in 2023, but “mega-deals” might be inflating those numbers. In Q3, total VC funding in the space was around $22.1 billion. But after subtracting Big Tech’s mega-deals, the total is more like $15.1 billion. As Kyle Wiggers writes, “Could it be that VCs, initially swept up by the generative AI hype, are coming down to earth and/or growing wary of the tech’s risks?”
Twilio might actually deserve activist investor attention
Twilio’s share price is down after it laid off staff this week amid great instability. In February, CEO Jeff Lawson announced that he’s splitting the business into two parts, with Elena Donio tapped to head data and apps. During its Q3 earnings call, however, the company announced that Donio would be stepping down. And that’s not even taking into account its tanking stock price.
Get the TechCrunch+ Roundup newsletter in your inbox!
To receive the TechCrunch+ Roundup as an email each Tuesday and Friday, scroll down to find the “sign up for newsletters” section on this page, select “TechCrunch+ Roundup,” enter your email, and click “subscribe.”
Click here to subscribe
Ask Sophie: Does the H-1B visa require founders to give up equity and control?
Dear Sophie,
I’m currently in the U.S. working for my employer on an H-1B. I’ve been wanting to start my own company, but I’ve been working on boosting my accomplishments for the O-1A because I’ve read in your past columns over the years that transferring an H-1B to a startup comes with a lot of downsides for startup founders, including giving up control and equity. How has that now changed?
— Future Founder
Ask Sophie: Does the H-1B visa require founders to give up equity and control?
Why layoffs happen in December, and how to handle them compassionately
If you’ve found yourself in the uncomfortable situation of having to do layoffs in December, TechCrunch reporter Haje Jan Kamps has some tips on how to do it compassionately.
Why layoffs happen in December, and how to handle them compassionately
