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Reports of the death of San Francisco’s tech scene have been greatly exaggerated. We ran the numbers on where tech employees, new startups, and funding rounds are clustering, and SF is very much alive.
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If you asked a bunch of VCs at the end of 2023 if the IPO market would finally open again in 2024, most of them would have said yes. We know because TechCrunch surveyed more than 40 of them in December and that’s what they said.
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Instacart's IPO is seen as a bellwether for public investors' demand for startups. So far, it's telling the entrepreneurial world what was already obvious—that revenue multiples of formerly VC-backed companies have cratered as investors lack faith in their future growth.
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A tidal wave is about to crash into the global economy.
The rise of artificial intelligence has captured our imagination for decades, in whimsical movies and sober academic texts. Despite this speculation, the emergence of public, easy-to-use AI tools over the past year has been a jolt, like the future arrived years ahead of schedule. Now this long-expected, all-too-sudden technological revolution is ready to upend the economy.
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