Some big brands are fighting for their lives right now, but not everyone is expecting a bloodbath (and more!)

TechCrunch Newsletter
TechCrunch Weekend Logo

Sunday, March 31, 2024

 image

Image Credits: filo / Getty Images

Scale AI, a data labeling outfit, is reportedly closing a round at a valuation that represents a whopping 80% premium to its last round. Right now, that makes it a rare exception in a sea of stumbling companies that were launched in the last 10 years or less, among them the rebooted electric carmaker Fisker; Stability AI, the image generating company; and BeReal, a social network that captured the world’s attention, then saw the spotlight move on.

Each represents a very different industry, but all raised a significant amount of capital, and all are beginning to raise questions about even more established names that investors would sooner let die than continue funding through a choppy market.

For his part, Eric Liaw, a general partner with the growth-stage venture firm IVP, sees more rough road ahead, but he doesn’t anticipate the full-blown bloodbath that others have predicted. “Just as people don’t know what they are capable of until their backs are against the wall,” Liaw told me this week, “I think the same is actually proving true for companies. They may not have thought they could be as efficient with their engineering team or their sales team or their marketing dollars as they are proving they can be, because they realize there may not be the opportunity to raise more.”

Liaw’s best guess was that 15% of today’s billion-dollar-plus outfits will eventually disappear and that some of these — sorry to say it — will not be missed. He pointed to Zume, a pizza-making robotics company that was founded in 2015 and raised $450 million before hanging up its apron last June. “I mean, the pizza robot one never made sense to me,” he said.

In his view, it’s more likely that most of today’s so-called unicorns will “quietly get acquired for a lot less than their last-round valuation. Maybe [they’ll sell for] somewhere [around their] total capital raised and their last round as they work through what cash is left on their balance sheet. As for complete Chapter 11?” Liaw continued. “I think it’s going to be a relatively small percentage.” — Connie Loizos

AT&T resets millions of customers' passcodes after TechCrunch alerts company to leaked data risk

AT&T announced yesterday that it had reset the passcodes of 7.6 million customers after it determined that compromised customer data was “released on the dark web.” The U.S. telco giant initiated a mass reset after TechCrunch informed it that the leaked data contained encrypted passcodes that could be used to access its customer accounts. Zack Whittaker held the story for days to give the company time to reset these; more here.

AT&T resets millions of customers' passcodes after TechCrunch alerts company to leaked data risk image

Image Credits: Richard B. Levine / Getty Images

MIT tool shows climate change could cost Texans a month and a half of outdoor time by 2080

Researchers at MIT have developed a tool that shows users how many “outdoor days” their region might be forsaking if carbon emissions growth remains unchecked in the coming decades. It’s not a pretty picture! Illinois could lose a month. Texas could lose up to six weeks. Other populations are poised to lose even more, writes Tim De Chant.

MIT tool shows climate change could cost Texans a month and a half of outdoor time by 2080 image

Image Credits: Haje Kamps / TechCrunch

A TikTok ban could prematurely end the outfit's e-commerce dreams — and hit sellers seeking new channels

In recent months, merchants looking for an Amazon alternative have flocked to TikTok to peddle clothes, cosmetics, and a variety of other products. Now, with TikTok facing a possible ban in the U.S., many of them feel trapped, including in China. “The situation is not within our control,” a China-based retailer of baby products tells Rita Liao. “It’s just difficult to know how things will develop.”

A TikTok ban could prematurely end the outfit's e-commerce dreams — and hit sellers seeking new channels image

Image Credits: Anna Moneymaker / Staff / Getty Images

Short-haul trucking captures VCs' attention

Companies looking to build autonomous construction vehicles or to fix last-mile freight have captured the attention (and moolah) of venture capitalists in recent years, but not a lot of mindshare has been devoted to short-haul trucking. Iron Sheepdog of Williamsburg, Virginia, may just change that, suggests Rebecca Szkutak.

Short-haul trucking captures VCs' attention image

Image Credits: Iron Sheepdog

What else we're reading

More private clubs are popping up in New York, and the offerings are almost comically varied. “We don’t have a fully functioning restaurant here, we’re not open until 6 p.m. during the weekdays — you can’t use this as a co-working space,” boasts one club owner to the New York Times.

Colleges are facing an enrollment nightmare, reports the Atlantic, which highlights how a “botched effort to streamline the financial-aid process may prevent a huge number of students from going to college in the fall.”

Before you go

Check out this Tokyo cafe where the largest rodents in the world are treated like customers.

Read more stories on TechCrunch.com

Newest Jobs from Crunchboard

See more jobs on CrunchBoard

Post your tech jobs and reach millions of TechCrunch readers for only $349 per month.

Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2024 Yahoo. All rights reserved. 110 5th St, San Francisco, CA 94103

Older messages

Fisker enters into dumpster fire territory and Tesla chases FSD revenue

Sunday, March 31, 2024

The wheels have come off the Fisker bus View this email online in your browser By Kirsten Korosec Sunday, March 31, 2024 Welcome back to TechCrunch Mobility — your central hub for news and insights on

Fisker loses customers' money, Robinhood launches a credit card, and Google generates travel itineraries 

Saturday, March 30, 2024

Fisker suspended View this email online in your browser By Kyle Wiggers Saturday, March 30, 2024 Hey, folks, welcome to Week in Review (WiR), TechCrunch's newsletter recapping the notable

Stripe and Supaglue sittin’ in a tree…

Friday, March 29, 2024

Stripe's latest addition View this email online in your browser By Christine Hall Friday, March 29, 2024 Good afternoon, and welcome to your Friday TechCrunch PM. Among today's stories is a

Big shake-ups at the AI heavyweights

Friday, March 29, 2024

Plus could Nvidia be the next AWS? View this email online in your browser By Haje Jan Kamps Friday, March 29, 2024 Welcome to Startups Weekly — your weekly recap of everything you can't miss from

X could lean into NSFW content

Friday, March 29, 2024

X seems to be moving forward with NSFW material instead of away from it. View this email online in your browser By Alex Wilhelm Friday, March 29, 2024 Welcome to TechCrunch AM! This morning, we have

You Might Also Like

Data Science Weekly - Issue 543

Friday, April 19, 2024

Curated news, articles and jobs related to Data Science, AI, & Machine Learning ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

A deal made in cloud security heaven

Thursday, April 18, 2024

Meta's Llama 3 goes public and hackers hold World-Check data for ransom View this email online in your browser By Christine Hall Thursday, April 18, 2024 Welcome to TechCrunch PM! I'm glad you

💎 Issue 413 - RubyJS-Vite

Thursday, April 18, 2024

This week's Awesome Ruby Newsletter Read this email on the Web The Awesome Ruby Newsletter Issue » 413 Release Date Apr 18, 2024 Your weekly report of the most popular Ruby news, articles and

💻 Issue 406 - Swift for C++ Practitioners, Part 1

Thursday, April 18, 2024

This week's Awesome .NET Weekly Read this email on the Web The Awesome .NET Weekly Issue » 406 Release Date Apr 18, 2024 Your weekly report of the most popular .NET news, articles and projects

💻 Issue 413 - How to implement HLS Video Streaming in a React App

Thursday, April 18, 2024

This week's Awesome Node.js Weekly Read this email on the Web The Awesome Node.js Weekly Issue » 413 Release Date Apr 18, 2024 Your weekly report of the most popular Node.js news, articles and

📱 Issue 407 - Textual Healing: iOS Text Editing Minutiae

Thursday, April 18, 2024

This week's Awesome iOS Weekly Read this email on the Web The Awesome iOS Weekly Issue » 407 Release Date Apr 18, 2024 Your weekly report of the most popular iOS news, articles and projects Popular

💻 Issue 413 - Interview with Senior JavaScript Developer 2024 [video]

Thursday, April 18, 2024

This week's Awesome JavaScript Weekly Read this email on the Web The Awesome JavaScript Weekly Issue » 413 Release Date Apr 18, 2024 Your weekly report of the most popular JavaScript news, articles

💻 Issue 331 - 30+ app ideas with complete source code

Thursday, April 18, 2024

This week's Awesome React Weekly Read this email on the Web The Awesome React Weekly Issue » 331 Release Date Apr 18, 2024 Your weekly report of the most popular React news, articles and projects

💻 Issue 408 - Curl: Hyper, is it worth it?

Thursday, April 18, 2024

This week's Awesome Rust Weekly Read this email on the Web The Awesome Rust Weekly Issue » 408 Release Date Apr 18, 2024 Your weekly report of the most popular Rust news, articles and projects

📱 Issue 410 - Swift for C++ Practitioners, Part 1

Thursday, April 18, 2024

This week's Awesome Swift Weekly Read this email on the Web The Awesome Swift Weekly Issue » 410 Release Date Apr 18, 2024 Your weekly report of the most popular Swift news, articles and projects