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TechCrunch+ roundup: Technical due diligence, web3’s promise, how to hire well

TechCrunch

Then again, I’m not a developer, so I didn’t truly appreciate the value of mobile gaming, GPS and cloud storage until they’d achieved product-market fit and were integrated into my smartphone. 8 questions to answer before your startup faces technical due diligence.

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Doing Diligence Well In Venture Investing: Going Back To The Future

Crunchbase News

By Nicolas Sauvage Due diligence has made a comeback. On an average deal, VCs would spend 118 hours on due diligence and call 10 references. During the frothy “ funding party ” in 2021, VCs began prioritizing speed and cutting corners, leading to compressed cycles and less robust vetting.

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The tech jobs market is as strong as it ever was

TechCrunch

After the big companies conducted mega layoffs at the beginning of this year, it would be natural to think that the tech unemployment rate would skyrocket. If we think about tech jobs as purely IT, engineering and developer kinds of roles, then those jobs are definitely still in demand and less affected than you might imagine.

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10 fastest growing US tech hubs for IT talent

CIO

Tech salaries are on the rise thanks to a demand for talent across nearly every industry. between 2021 and 2022, reaching an average tech salary of $111,348 per year, according to the 2023 Dice Tech Salary Report. But you don’t have to live in Silicon Valley to earn a high-tech salary. Salaries increased 2.3%

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How are VCs handling diligence in a world where deals open and close in days, not months?

TechCrunch

The global venture capital market had a cracking start to the year. Coming off a 2020 high, VC totals in the United States , in Europe, and among competitive verticals like insurtech and AI are on pace to set new records in 2021. The Exchange explores startups, markets and money. ” How does that work in practice?

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6 most underhyped technologies in IT — plus one that’s not dead yet

CIO

Generative AI and, more specifically, ChatGPT captivated the corporate world in 2023, with board directors, CEOs, and other executives fawning (and sometimes fearing) the technology. But with all due respect, AI is hardly the only critical tech in town. But with all due respect, AI is hardly the only critical tech in town.

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The venture market may be correcting more than we think to pre-COVID times

TechCrunch

Ever since the tech downturn began affecting startups, a question kept coming up: What if we are witnessing a correction? The question implied that the way deals were done in the past couple of years, mostly during late-2020 and nearly all of 2021, were the exception, not the rule, and venture investing was returning to normal.