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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.
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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 | | |
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