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Good morning , and welcome to Friday !
Atlassian ’s purchase of Loom last week raised eyebrows , and not just because it missed unicorn status by a pilus . But overall , it spend a penny signified that Atlassian bought it . “ Teaming and coaction is move to async video , and that was the one big piece missing for Atlassian , ” Constellation Research ’s Ray Wang told TechCrunch+ . But was it deserving it ?
Full TechCrunch+ articles are only available to extremity . Use discount codeTCPLUSROUNDUPto lay aside 20 % off a one- or two - year subscription .
The ship’s company raised $ 130 million in 2021 at a unicorn valuation , when we were all stuck inside work sourdough and video recording electronic messaging was live , live , blistering . Things in 2023 are n’t quite as spicy , and even though we get it on that Loom is n’t immensely profitable , it was still a pretty in force get for Atlassian . So now we ’re wondering : What will Atlassian corrupt up next ?
Thanks for reading !
Karyne Levy
@karynelevy
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Was Loom ’s $ 975 M release a fairish price ?
Ask Sophie: How does my immigration status affect export control licensing to build in space tech?
Dear Sophie ,
I ’m working in the U.S. in the aerospace industry on a J-1 research visa . I need to pursue my own infinite technical school startup , but people have name I will have to get an export control license because of my immigration status . Could you explain what I need to be aware of ? Any advice ?
— exacting ( Soon - to - Be ) Founder
5 investors on the pros and cons of open source AI business models
There ’s not necessarily a good or incorrect answer to whether AI should be closed source or open source . But several investors we spoke with definitely had an opinion . For example , Dave Munichiello , a ecumenical married person at GV , says that candid source AI innovation can aid users feel a sense of trust because of undefendable source ’s transparency . But Insight Partners ’ Ganesh Bell discourage that open source projects are often less polished .
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All hail the (eventual) Plaid IPO
Plaid is take its first CFO , which usually mean it ’s on the path to an IPO . As Alex Wilhelm notes , we have “ a CFO , recent notes on limited burn , and enough historical information to indicate that the ship’s company is IPO - sized already . That all points with a monumental , neon arrow toward an eventual IPO . ”
When that hap , we ’ll be quick for it . Just need public fintech companies to recover some time value first .
Early-stage founders are optimistic about raising again — but not all of them
January Ventures released its latest survey of 437 pre - seed and seed - stage founders , and 57 % said they ’re more optimistic now about their ability to raise funds than they were even nine months ago . But not all father are the same : While 70 % of manlike founders feel optimistic about it , only 45 % of women who reply felt the same way , with more than 70 % of fair sex saying that they felt their gender was sustain them back as an entrepreneur . :(
