Property management startup Doorstead raises $21.5M Series B • TechCrunch

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We’ve made it to Friday! If you’re looking for a good podcast program, I highly recommend Today’s Equity Natasha M, Mary Ann and Becca talk about CES, NYE, SBF and FTX – oh my! Also, shout out to you Daily Crunchers out there for reading yesterday’s newsletter and helping it become one of today’s most read stories. It warms my heart, and I hope today’s news is just as comforting. No more adieu… – Christine

The TechCrunch Top 3

  • Knock, knock, guaranteed renters at the door: Property owners don’t always have peace of mind when renting out their spaces, but Doorstead believes his approach is solving that. Mary Ann reports on the company receiving $21.5 million in new funding not only to tell you how much rent you can expect, but also to ensure you always have a tenant for your rental property.
  • Credit buzz: Indian fintech KreditBee’s business model attracted underwriters to help people get microloans even more venture capital – $100 million, in fact – to increase the company’s valuation to nearly $700 million, Manish writes.
  • Seeing is believing: Hey reports on “Lumus’ attempt to make AR glasses a little less cringe.”
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If you liked that piece above on Lumus, you’ll love what else the TechCrunch team has in store for you today as they continue their coverage of the Consumer Electronics Show in Las Vegas. Two more days to go!

Gadgets and gizmos abound:

Will record levels of dry powder trigger a delayed explosion of startup investment?

Image Credits: Tim Roberts/Getty Images

There’s a subtext to waves of layoffs and Craigslist ads for discounted office furniture: tech investors have raised about $290 billion in dry powder.

“Despite the downturn, strong cash supply and headwinds on digitization spending are suggesting to some market participants that we are in a strong investment cycle,” say Raphael Mukomilow and Pierre Bourdon at Picus Capital.

After tracking uninvested capital by year going back to 2006, the pair found that “a crisis within the investment landscape has often followed years of systematic yield performance, and history has a way of repeating itself to repeat.”

Three more from the TC+ team:

TechCrunch+ Our membership program helps founders and startup teams get ahead of the pack. You can register here. Use the code “DC” for 15% off an annual subscription!

Big Tech Inc.

If you use Snap’s desktop camera to give yourself a fun filter during video calls, start saying goodbye to it now. Ivan reports that Snap is shutting down the camera app on January 25 to focus on its Web Camera Kit feature. He also notes that there may be more behind the move, writing, “The retirement of the Snap Camera app — first spotted by The Verge — is no surprise. Last year, it cut 20% of its staff and shut down its drone product months after its initial launch.”

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And we have five more for you:

  • We are dropping prices left and right: Matt Tesla has reportedly cut pricing for its Model 3 and Model Y in China for the second time in three months.
  • plagiarism in the world of AI: If you were at school in the late 1990s or early 2000s, you may remember your teacher telling you not to use the internet because it was full of misinformation. Well, technology has come a long way, and even further now that ChatGPT is a thing. Amid news that New York City public schools are blocking ChatGPT, OpenAI says it is working on “mitigations” to help locate text generated by ChatGPT, Slim reports.
  • TikTok, it’s time to go to bed: We’ve heard of alarms to wake you up, but that phone screen was meant to keep you engaged when you should be asleep. “No problem,” says TikTok, which is testing a “sleep reminder” feature that prompts you when it’s time to sleep. Aisha writes. And that’s not all – she also reports that TikTok now has scrubbed video thumbnails to make it easier to find specific parts of a video.
  • It’s enough to make you Twitch: Website and app crashes happen all the time, but when Amanda saw what happened to Twitch for the second time in a week, she decided to get to the bottom of it.
  • Samsung is not singing a happy tune: Kate reports on Samsung’s projections for its quarterly profit, which do not look good. The maker of memory chips and phones says quarterly profit hit an eight-year low amid weak demand for its products.
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