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TechCrunch+ roundup: Deep due diligence, early Q1 2023 VC results, flight lessons for angels

TechCrunch

Full TechCrunch+ articles are only available to members Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription Business schools teach the basics, but Mysty Rusk, who’s reviewed around 4,500 deals over the last 20 years, says the most important lessons she learned were the result of mistakes she made along the way.

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Devs gaining little (if anything) from AI coding assistants

CIO

Coding assistants have been an obvious early use case in the generative AI gold rush, but promised productivity improvements are falling short of the mark — if they exist at all. Many developers say AI coding assistants make them more productive, but a recent study set forth to measure their output and found no significant gains.

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Agentic AI design: An architectural case study

CIO

Let’s review a case study and see how we can start to realize benefits now. Agentic AI design: A case study When you start doing agentic AI design you need to break down the tasks, identify the roles and map those to specific functionality that an agent will perform. The only cost is the creation of the Python code.

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AI-native software engineering may be closer than developers think

CIO

Developers unimpressed by the early returns of generative AI for coding take note: Software development is headed toward a new era, when most code will be written by AI agents and reviewed by experienced developers, Gartner predicts. That’s what we call an AI software engineering agent.

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IT downtime cuts enterprise profit by 9%, says study

CIO

Downtime cost large enterprises an average of $200 million annually, cutting 9% from yearly profits, according to a study commissioned by Splunk. For the study, titled “The Hidden Costs of Downtime,” Oxford Economics quizzed executives from Global 2000 companies about the causes and costs of downtime in IT systems.

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Codacy nabs $15M to improve code reviews with automation

TechCrunch

Code review is a key step during the software development process — it’s when people check a program by viewing and reading parts of the source code. But despite its importance, not all developers are pleased with the way traditional code reviews work. To date, Codacy has raised $28 million.

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Doing Diligence Well In Venture Investing: Going Back To The Future

Crunchbase News

By Nicolas Sauvage Due diligence has made a comeback. According to a study of 700 venture capital firms , a typical deal once took 83 days to complete. On an average deal, VCs would spend 118 hours on due diligence and call 10 references. The assumption was often that someone else had already done the diligence.