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We’ve made it to Friday! If you are looking for a good podcast episode, I highly recommend today’s Equity where 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 be one of today’s top-read stories. It warms my heart, and I hope today’s news is equally enthralling. Without further adieu… — Christine
If you liked that item above on Lumus, then you’ll love what else the TechCrunch team has in store for you today as they continue to cover the Consumer Electronics Show in Las Vegas. There’s two more days to go!
Gadgets and gizmos aplenty:
There’s a subtext for the waves of layoffs and Craigslist ads for discounted office furniture: tech investors have amassed approximately $290 billion in dry powder.
“Despite the downturn, strong cash supply and tailwinds for spending on digitization are leading some market participants to believe we’re in a strong investment cycle,” says Raphael Mukomilow and Pierre Bourdon at Picus Capital.
After they tracked uninvested capital by year going back to 2006, the pair found that “a crisis within the investment landscape has often been followed by years of systematic outperformance of returns, and history has a way of repeating itself.”
Three more from the TC+ team:
TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!
If you use Snap’s desktop camera to give yourself a fun filter during video calls, start saying your goodbyes to it now. Ivan reports that Snap is shutting down the camera app on January 25 to focus on its Camera Kit for Web feature. He also notes there might be more behind the move, writing, “The discontinuation of the Snap Camera app — spotted first by The Verge — is not entirely surprising. Last year, it cut 20% of its staff and shuttered its drone product months after first launching it.”
And we have five more for you: