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

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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?

lone figure at entrance to maze hedge that has an American flag at the center
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

Lydia is splitting itself into two apps — Lydia for P2P payments and Sumeria for those looking for a mobile-first bank account.

Lydia, the French payments app with 8 million users, launches mobile banking app Sumeria

Cargo ships docking at a commercial port incur costs called “disbursements” and “port call expenses.” This might be port dues, towage, and pilotage fees. It’s a complex patchwork and all…

Shipping logistics startup Harbor Lab raises $16M Series A led by Atomico

AWS has confirmed its European “sovereign cloud” will go live by the end of 2025, enabling greater data residency for the region.

AWS confirms will launch European ‘sovereign cloud’ in Germany by 2025, plans €7.8B investment over 15 years

Go Digit, an Indian insurance startup, has raised $141 million from investors including Goldman Sachs, ADIA, and Morgan Stanley as part of its IPO.

Indian insurance startup Go Digit raises $141M from anchor investors ahead of IPO

Peakbridge intends to invest in between 16 and 20 companies, investing around $10 million in each company. It has made eight investments so far.

Food VC Peakbridge has new $187M fund to transform future of food, like lab-made cocoa

For over six decades, the nonprofit has been active in the financial services sector.

Accion’s new $152.5M fund will back financial institutions serving small businesses globally

Meta’s newest social network, Threads, is starting its own fact-checking program after piggybacking on Instagram and Facebook’s network for a few months.

Threads finally starts its own fact-checking program

Looking Glass makes trippy-looking mixed-reality screens that make things look 3D without the need of special glasses. Today, it launches a pair of new displays, including a 16-inch mode that…

Looking Glass launches new 3D displays

Replacing Sutskever is Jakub Pachocki, OpenAI’s director of research.

Ilya Sutskever, OpenAI co-founder and longtime chief scientist, departs

Intuitive Machines made history when it became the first private company to land a spacecraft on the moon, so it makes sense to adapt that tech for Mars.

Intuitive Machines wants to help NASA return samples from Mars

As Google revamps itself for the AI era, offering AI overviews within its search results, the company is introducing a new way to filter for just text-based links. With the…

Google adds ‘Web’ search filter for showing old-school text links as AI rolls out

Blue Origin’s New Shepard rocket will take a crew to suborbital space for the first time in nearly two years later this month, the company announced on Tuesday.  The NS-25…

Blue Origin to resume crewed New Shepard launches on May 19

This will enable developers to use the on-device model to power their own AI features.

Google is building its Gemini Nano AI model into Chrome on the desktop

It ran 110 minutes, but Google managed to reference AI a whopping 121 times during Google I/O 2024 (by its own count). CEO Sundar Pichai referenced the figure to wrap…

Google mentioned ‘AI’ 120+ times during its I/O keynote

Firebase Genkit is an open source framework that enables developers to quickly build AI into new and existing applications.

Google launches Firebase Genkit, a new open source framework for building AI-powered apps

In the coming months, Google says it will open up the Gemini Nano model to more developers.

Patreon and Grammarly are already experimenting with Gemini Nano, says Google

As part of the update, Reddit also launched a dedicated AMA tab within the web post composer.

Reddit introduces new tools for ‘Ask Me Anything,’ its Q&A feature

Here are quick hits of the biggest news from the keynote as they are announced.

Google I/O 2024: Here’s everything Google just announced

LearnLM is already powering features across Google products, including in YouTube, Google’s Gemini apps, Google Search and Google Classroom.

LearnLM is Google’s new family of AI models for education

The official launch comes almost a year after YouTube began experimenting with AI-generated quizzes on its mobile app. 

Google is bringing AI-generated quizzes to academic videos on YouTube

Around 550 employees across autonomous vehicle company Motional have been laid off, according to information taken from WARN notice filings and sources at the company.  Earlier this week, TechCrunch reported…

Motional cut about 550 employees, around 40%, in recent restructuring, sources say

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: Watch all of the AI, Android reveals

Google Play has a new discovery feature for apps, new ways to acquire users, updates to Play Points, and other enhancements to developer-facing tools.

Google Play preps a new full-screen app discovery feature and adds more developer tools

Soon, Android users will be able to drag and drop AI-generated images directly into their Gmail, Google Messages and other apps.

Gemini on Android becomes more capable and works with Gmail, Messages, YouTube and more

Veo can capture different visual and cinematic styles, including shots of landscapes and timelapses, and make edits and adjustments to already-generated footage.

Google Veo, a serious swing at AI-generated video, debuts at Google I/O 2024

In addition to the body of the emails themselves, the feature will also be able to analyze attachments, like PDFs.

Gemini comes to Gmail to summarize, draft emails, and more

The summaries are created based on Gemini’s analysis of insights from Google Maps’ community of more than 300 million contributors.

Google is bringing Gemini capabilities to Google Maps Platform

Google says that over 100,000 developers already tried the service.

Project IDX, Google’s next-gen IDE, is now in open beta

The system effectively listens for “conversation patterns commonly associated with scams” in-real time. 

Google will use Gemini to detect scams during calls

The standard Gemma models were only available in 2 billion and 7 billion parameter versions, making this quite a step up.

Google announces Gemma 2, a 27B-parameter version of its open model, launching in June