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         By
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          Henry Pickavet
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         Friday, December 30, 2022
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               Welcome back to your daily digest of TechCrunch goodness. It is my last day with you (you’re welcome!), so
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Christine
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               will be back in the Daily Crunch seat on Tuesday.
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                Haje
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               will not be back just yet because he is heading to Vegas as part of the team covering CES. Speaking of CES,
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Brian
               </a>
               raised the curtain on
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                what we can expect
               </a>
               from its first full-fledged production since before COVID.
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               Bye for now, folks. Safe and Happy New Year to you all. —
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                Henry
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               At the top
              </h2>
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                <strong>
                 <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                  Into the Matrix
                 </a>
                </strong>
                : No, not
                <em>
                 that
                </em>
                Matrix. We’re talking about the open standards-based comms protocol called Matrix that
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Paul
                </a>
                went deep on. Its network doubled thanks in part to increased use by enterprises and government. Reddit is also having a go, experimenting with it for its chat feature.
               </li>
               <li style="margin-bottom: 8px">
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 <strong>
                  For the fusion
                 </strong>
                </a>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Tim
                </a>
                took a look at five startups primed to benefit from the recent breakthroughs in fusion.
                <strong>
                 [TC+]
                </strong>
               </li>
               <li style="margin-bottom: 8px">
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 <strong>
                  Alt-ChatGPT
                 </strong>
                </a>
                : In the wake of the response to OpenAI’s ChatGPT comes an open source equivalent. It’s called PaLM + RLHF (rolls right off the tongue, eh?), but
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Kyle
                </a>
                writes that it isn’t pre-trained, which means good luck running it.
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                  The Meta eyes have it
                 </a>
                </strong>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Amanda
                </a>
                writes that Meta is getting into the eyewear business with its purchase of the Netherlands-based, smart eyewear company Luxexcel.
               </li>
               <li style="margin-bottom: 8px">
                <strong>
                 <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                  Book tracking
                 </a>
                </strong>
                :
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Aisha
                </a>
                rounded up a list of five apps that you can use to track all that reading you’re planning to do once the clock strikes 2023.
               </li>
               <li style="margin-bottom: 8px">
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 <strong>
                  Netflix vs. Hulu
                 </strong>
                </a>
                : Perhaps you’ve decided to cut a streaming service or two from your lineup in light of their continued price hikes.
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Lauren
                </a>
                took a look at the features of Netflix and Hulu to help you make a decision.
               </li>
              </ul>
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              <h2 style="text-align: left; font-size: 25px; color: #14c435; margin: 0; padding-bottom: 10px;">
               <a style="color: #14c435; text-decoration: none" target="_blank">
                What to look for in a term sheet as a first-time founder
               </a>
              </h2>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               Silicon Valley reporter Connie Loizos interviewed three seasoned VCs to get their best advice for novice entrepreneurs. She asked them:
              </p>
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               <li style="margin-bottom: 8px">
                Why should you know what’s going to be in a term sheet before you see it?
               </li>
               <li style="margin-bottom: 8px">
                Which mechanism is best to use at the outset?
               </li>
               <li style="margin-bottom: 8px">
                How much equity is distributed at each level of early-stage fundraising?
               </li>
               <li style="margin-bottom: 8px">
                What’s a red flag in a term sheet?
               </li>
               <li style="margin-bottom: 8px">
                How should founders think about valuation when it comes to that first term sheet?
               </li>
              </ul>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                <em>
                 TechCrunch+
                </em>
               </a>
               <em>
                is our membership program that helps founders and startup teams get ahead of the pack.
               </em>
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                <em>
                 You can sign up here
                </em>
               </a>
               <em>
                . Use code “DC” for a 15% discount on an annual subscription!
               </em>
              </p>
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               <a style="background: #14c435; color: white; padding: 12px 18px; text-decoration: none" target="_blank">
                Read More
               </a>
              </p>
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            Image Credits: syolacan / Getty Images
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              <h2 style="text-align: left; font-size: 25px; color: #14c435; margin: 0; padding-bottom: 10px;">
               Looking back and looking ahead
              </h2>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               We
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                rounded up
               </a>
               TC+ venture capital stories from a year that unfortunately saw a lot of downs. And here are a few more favorites for good measure:
              </p>
              <ul style="font-family: Helvetica, Arial;font-weight: normal;font-size: 19px;color: #333;line-height: 1.5em;padding-left: 20px;margin-bottom: 20px">
               <li style="margin-bottom: 8px">
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 Some new venture firms are going really, really (really) niche
                </a>
                , by
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Connie
                </a>
               </li>
               <li style="margin-bottom: 8px">
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 A love letter to micro funds, the backbone and future of venture capital
                </a>
                , by
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Rebecca
                </a>
               </li>
               <li style="margin-bottom: 8px">
                <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                 Every startup wants an extension round, but there aren’t enough to go around
                </a>
                , also by
                <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                 Rebecca
                </a>
               </li>
              </ul>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Zack
               </a>
               and
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Carly
               </a>
               took a look back at
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                how law enforcement cracked down on cybercriminals
               </a>
               this year. They examine the efforts of both breachers and cops to bring justice.
              </p>
              <p style="font-family: Helvetica, Arial;text-align: left;color: #333;font-size: 19px;line-height: 27px;margin: 0;margin-bottom: 15px">
               Indian startups were flush with cash with record investments. Now,
               <a rel="noopener" style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none" target="_blank">
                Manish
               </a>
               writes,
               <a style="font-family: Helvetica, Arial;color: #14c435;text-decoration: none">
                the ecosystem is struggling
               </a>
               with tightening funding purses, layoffs and disappointing public debuts.
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          Read more stories on TechCrunch.com
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                 IT Technology Analyst II at Pennsylvania Turnpike Commission (Middletown, PA, United States)
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                 Business Process Specialist - Procurement at Pennsylvania Turnpike Commission (Middletown, PA, United States)
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                 IT Technology Analyst I at Pennsylvania Turnpike Commission (Middletown, PA, United States)
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                 Information Security Officer at Los Angeles County Employees Retirement Association (Pasadena, CA, USA)
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                 Chief, Information Technology at Los Angeles County Employees Retirement Association (Pasadena, CA, USA)
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