|
The team who went to CES is back at their desks. If you missed the barrage of stories — or simply couldn’t stay on top of them — Brian wrote up an amazing CES 2023 debrief. Give that a skim, and you’ll be safe in the knowledge that you didn’t miss anything major as you grab your favorite easy chair and a book to settle in for the weekend. — Christine and Haje
|
|
Image Credits: Tesla
|
|
|
The TechCrunch Top 3
- Slasher movie, but IRL: Tesla is reducing its prices again, this time for U.S. buyers, by as much as 20%, Kirsten reports. This new lower base, which dips below $55,000, “is important because it allows buyers to qualify for the $7,500 federal tax incentive,” she writes.
- Claws out: Fintech startup Mayfair debuted its high-yield APR for businesses, buoyed by $10 million in funding from investors like Tiger Global. Mary Ann has more on how the company is able to offer such a high interest rate.
- If A then B: Manish writes about Google warning India that if its antitrust ruling is allowed to stand, it will pose a threat to national security and cause Android device prices to rise in the region.
|
|
|
|
|
Many, if not most, of the founders who are attached to their 2021 valuations are living in a fantasy, according to Jeremy Abelson and Jacob Sonnenberg of Irving Investors.
For this TC+ post, they worked out “the simple math behind how long it will take companies to price their IPO at a flat round to their previous 2021 valuations.”
Companies with 75% YoY growth “can entertain the discussion,” but “if you are growing sub 30%, there is a strong chance that growing into your 2021 valuation is impossible.”
Three more from the TC+ team:
TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!
Read More
|
|
Image Credits: nfsphoto / Getty Images
|
|
|
|
|
Newest Jobs from Crunchboard
|
-
Developer, Mobile Center of Excellence at IEEE (Piscataway, NJ, USA)
-
Cloud Production Engineer at IEEE (Piscataway, NJ, USA)
-
Senior Cloud Systems Engineer at IEEE (Piscataway, NJ, USA)
-
IT Analyst I/II/Senior (EnerGov Project Manager) at City of Fairfield (Fairfield, CA, USA)
-
Embedded Software Engineer at Ag Leader (Ames, IA, USA)
See more jobs on CrunchBoard
Post your tech jobs and reach millions of TechCrunch readers for only $200 per month.
|
|
|
|
|
|