EV startup Fisker struggling to meet internal sales goals, documents show
Fisker remains far from meeting CEO and founder Henrik Fisker’s publicly stated goal of delivering 300 electric SUVs per day globally, according to internal documents viewed by TechCrunch. The EV startup spent much of December aiming to meet an internal sales goal of between 100 and 200 vehicles a day
Read moreIs the latest near-room-temperature superconductor legit? Don’t count on it
This new material picks up where LK-99 left off, which isn’t really an auspicious starting point. © 2023 TechCrunch. All rights reserved. For personal use only.
Read moreTalks of bitcoin spot ETF approval circulate as India blocks exchange sites and crypto is seeing more optimism
Welcome back to Chain Reaction. Wouldn’t a bitcoin spot ETF approval be nice? © 2023 TechCrunch. All rights reserved. For personal use only.
Read moreTheory Venture’s Tomasz Tunguz unveils 2024 predictions: AI dominance, resurging Web3, and the new normal of tech investments
At the end of 2022, like many, I made some predictions about what 2023 would bring to the technology investing ecosystem. Namely, the Fed would tame inflation, and the fundraising market would thaw, but overall, claiming that 2023 would be the first year of a “new normal” era for the
Read moreTikTok aims to grow its TikTok Shop US business tenfold to $17.5B in 2024, report claims
TikTok is looking to grow the size of its TikTok Shop U.S. business tenfold to as much as $17.5 billion this year, according to a new report from Bloomberg. The report indicates that the 2024 merchandise volume goal was recently discussed internally within the company, and could be amended as
Read moreExponent Founders Capital, led by Plaid and Robinhood alums, raises $75M to invest in early-stage startups
Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first to report. The firm, which is emerging from stealth today, raised $50 million for its first fund in November of
Read moreVCs anticipate more exits in 2024 but have no consensus on when or how
Some investors are more optimistic about M&A in 2024, while others think we will see a rebound in the IPO market. © 2023 TechCrunch. All rights reserved. For personal use only.
Read moreBig, costly seed deals were the exception in 2023’s lackluster venture capital market
Hopes that it would become easier for startups to raise capital in 2023 were left unmet as the year ended. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. New data from business database PitchBook paints a modestly dim
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