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So. Many. New. Venture. Funds. | Christine Hall | 2,022 | 7 | 19 | venture investors have more , this week started with a flurry of venture capital fund close announcements across sectors and stages. It tells that LPs are staying active amid this dissonant moment in tech, and that’s news. Our team got a good list going: Here are plenty of other tasty morsels from earlier this week... |
Apple agrees to pay $50M to settle lawsuit over flawed keyboards on older MacBooks | Kyle Wiggers | 2,022 | 7 | 19 | It was with great fanfare in 2015 that Apple announced that certain MacBook models would ship with redesigned keys, so-called “butterfly” keys, designed to fit in the laptops’ shallower cases. Replacing the traditional scissor-based switches with a new “butterfly” mechanism, the company boasted that it shaved off 40% t... |
Daily Crunch: Russia fines Google $374M for ‘illegal content’ over its Ukraine invasion | Christine Hall | 2,022 | 7 | 19 | It’s hot all over the world, and even hotter in today’s newsletter. We’ve procured a steaming pile of TechCrunch deliciousness for you to devour. If you can believe it, it is only Tuesday. — and Crunchbase lists almost 1,400 unicorns, but on TechCrunch+, wonders It’s a question worth asking, as . Also, a bunch o... |
Netflix loses 970,000 subscribers, its largest quarterly loss ever | Lauren Forristal | 2,022 | 7 | 19 | During the three-month period ending June 30, Netflix a loss of only 970,000 subscribers. Last quarter, the company had a weak outlook for the second quarter and predicted a net loss of two million subscribers. While today’s results beat the projection, it is still the largest quarterly loss in the company’s history.... |
Funding gap excludes Black-owned startups from South Africa’s booming digital economy | Annie Njanja | 2,022 | 7 | 19 | South Africa’s digital industry is among the fastest-growing segments of its economy. However, the low level of racial inclusion in funding and general financial muscle to compete is a growing concern, which will likely widen inequality in the future if left unaddressed. This is according to a provisional report by the... |
Bored Apes founders on their plans for Otherside metaverse | Lucas Matney | 2,022 | 7 | 19 | off the strangest unicorn success story in tech, the founders of NFT project Bored Ape Yacht Club (BAYC) have an awful lot to prove with their startup ‘s early beta vision of the metaverse, a gaming platform called Otherside. Few entertainment startups have had this level of community pressure riding on their first g... |
What downturn? Investors remain bullish on HR tech as the Great Resignation slows | Kyle Wiggers | 2,022 | 7 | 19 | HR tech, which runs the gamut from workforce management to applicant recruitment and tracking systems, has proven remarkably resilient in the face of both pandemic and economic headwinds. In fact, some would argue that it’s precisely because of these headwinds that HR tech has attracted, and continues to attract, inve... |
Blizzard QA testers in Albany want to unionize | Amanda Silberling | 2,022 | 7 | 19 | Activision Blizzard’s Raven Software QA testers formed the gaming giant’s first formally recognized union in May, but that momentum hasn’t died down at the massive company. Today, Blizzard QA testers in Albany that they are forming a union with the Game Workers Alliance and Communications Workers of America (CWA), th... |
TechCrunch+ roundup: Convertible note fundraising, fintech’s falloff, how to mark-to-market | Walter Thompson | 2,022 | 7 | 19 | Everyone loves an underdog, which is why investors and tech journalists are so fond of discussing startups that launched during the Great Recession of 2008, like Airbnb, Uber, WhatsApp, Mailchimp, Square and Venmo. It’s possible that your pre-seed, pre-revenue startup could similarly defy gravity, but in July 2022, it’... |
Twitch is adding a ‘charity mode’ that simplifies streaming for a good cause | Taylor Hatmaker | 2,022 | 7 | 19 | Streaming to raise money for a good cause is a big deal on but the platform has always pointed creators elsewhere to manage the logistics of raising cash and getting it where it needs to go. Now, the company is streamlining that process with Twitch Charity, a new set of donation tools built into the platform itself. ... |
Alloy Automation, Fiveable and Parthean founders discuss raising first dollars at TC Disrupt | Lauren Simonds | 2,022 | 7 | 19 | When you’re building a startup and thinking about what it’s going to take to raise your first dollars in a , perspective can be very helpful. In this case perspective, like any story worth telling, has two sides — founder and venture. Of course, we’ll cover both sides of the venture capital coin at on October 18-10,... |
Crop One, Emirate open ‘world’s largest vertical farm’ in Dubai | Christine Hall | 2,022 | 7 | 19 | Crop One Holdings and Emirates Flight Catering this week they opened Emirates Crop One, what they say is “the world’s largest vertical farm.” The over 330,000-square-foot facility is located in Dubai, United Arab Emirates near Al Maktoum International Airport at Dubai World Central. It has the capacity to produce ove... |
Can Medicare save the insurtech market? | TX Zhuo | 2,022 | 7 | 19 | certainly fallen from grace over the last year. This my friend Rick Zullo sent before the recent tech fallout well summarizes the market sentiment around the industry: You can now buy $ROOT, $HIPO, $MILE, $CLOV, $OSCR and $LMND for the combined price of just over $5b. These companies collectively raised >$10b. — Ric... |
Indonesia’s IDEAL takes the pain out of applying for mortgages | Catherine Shu | 2,022 | 7 | 26 | Applying for mortgages is often a time-consuming and disorganized process, with reams of manual paperwork required. Based in Jakarta, simplifies the process with a platform that lets users compare mortgage products and apply for them from multiple banks at the same time. The startup announced today it has raised $3.8... |
Cruise hopes ramping its robotaxi service will U-turn its cash burn | Rebecca Bellan | 2,022 | 7 | 26 | Cruise, the General Motors subsidiary dedicated to commercializing autonomous vehicles, saw a jump in expenses during the second quarter as the company . Cruise’s expenses hit around $550 million compared to $332 million during the same quarter of last year. Operating losses in the second quarter topped $605 million, ... |
3 indicators to watch for on Ford Q2 earnings day | Jaclyn Trop | 2,022 | 7 | 26 | While much of the automotive industry has suffered a downturn due to a lack of supply to meet pent-up demand, Ford has bucked the trend. At least, in terms of sales goals so far this year. Industry wide, new vehicle sales in the U.S. dropped 20.3% for the second quarter, to 3.53 million, compared with the same period a... |
JusTalk spilled millions of user messages and locations for months | Zack Whittaker | 2,022 | 7 | 26 | JusTalk left a huge database of unencrypted private messages publicly exposed to the internet without a password for months. The messaging app has around 20 million international users, while Google Play lists , billed as a child-friendly version of its messaging app, has racked up over 1 million Android downloads. J... |
Daily Crunch: European subscription prices for Amazon Prime will increase in September | Haje Jan Kamps | 2,022 | 7 | 26 | What is up, you delightful beings. Today, I’ve been doing a lot of thinking about Instagram. wrote about how the platform just keeps getting worse , and made me laugh with her headline. The platform’s evolution is , and I continue to be torn about influencers and “thought leaders.” In a nutshell: I love Instagr... |
Google launches Street View in India after years of rejection | Jagmeet Singh | 2,022 | 7 | 26 | Google has relaunched Street View in India more than a decade after it first rolled out the service in the South Asian market and roughly six years after the feature was banned in the country over security concerns. Street View, the Google Maps feature that allows users to , was first launched in India . Google said ... |
Pokémon GO’s new ‘daily adventure incense’ will make you take a 15-minute walk | Amanda Silberling | 2,022 | 7 | 26 | The parent company to Pokémon GO, Niantic has been very clear over the years that it wants us to take a “ ,” as the meme goes. This week, Pokémon GO is rolling out a “ ,” which brings “rare” Pokémon to you, so long as you’re in motion. This functions like the incense item that’s been in the game for years, but you get ... |
Zoox robotaxi with supercar DNA rolls toward SF, Vegas, Seattle streets | Roberto Baldwin | 2,022 | 7 | 26 | has more in common with a supercar than you think. Look past the Zoox’s breadbox-shaped exterior and inside is the same carbon fiber cabin that can be found in a McLaren. “Yes, we know that supplier very well,” Andy Piper, Zoox’s VP of vehicle development, told TechCrunch, when it’s pointed out that the Zoox robotaxi’... |
TechCrunch+ roundup: Bridge round scarcity, resilient e-commerce, CVC negotiating tips | Walter Thompson | 2,022 | 7 | 26 | Inflation is up and consumer confidence is down, which is why e-commerce startups that hope to weather the ongoing downturn should expand their product offerings. Does that sound counterintuitive? “The more complementary and additive a product is to your catalog, the larger your cart size and the more likely a customer... |
US Southeast surges ahead as other regions see VC funding decline | Rebecca Szkutak | 2,022 | 7 | 26 | is doom and gloom in the U.S. venture market, between startup and to an essentially moribund exit environment. But there are bright spots, one of which being the Southeast region, which is on track for its best year yet. The Southeast region had its best quarter for funding on record in Q2. More than $5.1 billion ... |
Anthemis, Airbase and Ramp will talk about balancing runway and growth in competitive sectors at Disrupt | Lauren Simonds | 2,022 | 7 | 26 | How long is your startup’s runway? It’s an important question and an essential metric for every early-stage founder to know. But for startups wading into hot sectors with big markets — fintech alone includes corporate spend, lending, consumer services and more — competing can be very expensive. Striking the right balan... |
SpaceX’s CTO of propulsion retired. Now he wants to go to Mars. | Aria Alamalhodaei | 2,022 | 7 | 26 | race car guy. Upon retiring from his role as CTO of Propulsion at SpaceX in November 2020, he “mostly wanted to go racing and ride dirt bikes and travel,” he said in a recent interview. Mueller, who is 61, was putting behind him a storied career: While at SpaceX, he led the development of the Merlin rocket engine, whi... |
null | Aisha Malik | 2,022 | 7 | 19 | null |
Sono Motors reveals final design of its solar-charging Sion EV | Rebecca Bellan | 2,022 | 7 | 26 | Sono Motors unveiled this week the final production design of the Sion EV, a solar electric vehicle that’s been in the making since the Munich-based startup launched in 2016. It’s been a long and bumpy road for Sono Motors, a journey that involved a couple of crowdfunding campaigns, a near insolvency and a debut on the... |
If it walks like a dog and barks like a dog, perhaps it’s actually a digital asset security | Alex Wilhelm | 2,022 | 7 | 26 | cryptocurrency exchange that is the third-largest globally, is “facing a U.S. probe into whether it improperly let Americans trade digital assets that should have been registered as securities,” . The news follows to arrest and charge a former Coinbase employee and two others with wire fraud and wire fraud conspira... |
Latin America’s slowing VC market hides local strength | Alex Wilhelm | 2,022 | 7 | 26 | startup market, once , is cooling. But its slowdown is far from uniform; some countries are surviving the downturn far better than others, data reveals. A few weeks back, this column concerning LatAm startups and their financial backers, noting that the region was seeing successive quarterly declines that had becom... |
Netflix gives ‘The Gray Man’ its own universe with a confirmed sequel and spin-off | Lauren Forristal | 2,022 | 7 | 26 | Netflix will be giving its spy thriller “The Gray Man” its own universe. The film was just released on the platform last week and is already a global hit, garnering broadly positive reviews. Seemingly inspired by “John Wick,” the action movie starring Ryan Gosling and Chris Evans will get its very own sequel and spin-o... |
Instagram responds to criticism with shocking revelation that it will ‘continue to support photos’ | Amanda Silberling | 2,022 | 7 | 26 | head Adam Mosseri posted a video this morning addressing mounting concerns about . Even Kim Kardashian and her sister Kylie Jenner, the most-followed women on Instagram, posted their distaste for the new features, so you know it’s serious — remember when Kylie because she said she didn’t open the app anymore? It’s ... |
Croatian comms platform Infobip acquires VoIP provider Peerless Network for $200M | Mike Butcher | 2,022 | 7 | 26 | , a cloud communications startup which – like Twillio – handles things like SMS, email, voice and WhatsApp messenger for customer engagement, has completed its acquisition of VoIP provider Peerless Network. Although the deal was last November, TechCrunch can exclusively reveal that it was worth north of $200 million.... |
India receives $18 billion bids for 5G auction, expects rollout in September | Manish Singh | 2,022 | 7 | 26 | India received bids worth $18 billion on the first day of an auction for the 5G airwaves from tycoons including Mukesh Ambani and Gautam Adani as the race begins for faster data in the world’s second largest internet market. Telecom Minister Ashwini Vaishnaw told reporters on Tuesday evening that bids went “far beyond ... |
Meta is raising the price of Quest 2 virtual reality headsets by $100 | Aisha Malik | 2,022 | 7 | 26 | Meta today that it’s raising the price of its Quest 2 virtual reality headsets due to increased production costs. Starting on August 1st, the Meta Quest 2 will cost $399.99 USD for the 128GB version, which is a $100 increase from the current $299.99 price tag. The 256GB version will cost $499.99, up from the current $... |
Fairbanc provides BNPL for micro-merchants in Indonesia | Catherine Shu | 2,022 | 7 | 21 | have gained traction by targeting consumers, but BNPLs for businesses are also starting to take off. One example is , which is based in Singapore but focused on Indonesia. It allows small businesses to take out short-term credit to purchase fast-moving consumer goods (FMCG) inventory. Fairbanc announced today it has ... |
Daily Crunch: Amazon wades deeper into healthcare with its $3.9B purchase of One Medical | Christine Hall | 2,022 | 7 | 21 | Well hello again! It’s Thursday — heat waves are heat wavin’, and all of TechCrunch is psyched about a fun and engaging Robotics event today. That’s not all that’s happening, though. We’ve had 70 new stories on the site since our last newsletter, which means that we got to learn about all sorts of wild and wonderful ha... |
Mexican region gives Tesla and its suppliers a dedicated border crossing lane | Rebecca Bellan | 2,022 | 7 | 21 | Tesla suppliers traveling from Nuevo León, Mexico, to Texas now have their very own dedicated border patrol lane. Elon Musk’s electric car company, which recently , has struck a deal with the “pro-business” Mexican state to allow express access for Tesla and its suppliers at the Colombia Solidarity checkpoint, . The ... |
Google’s Pixel 6a is a budget device with the heart of a flagship | Brian Heater | 2,022 | 7 | 21 | to credit Google’s Pixel A devices for single-handedly keeping the broader line alive during some admittedly lean times. Let’s be honest, much of that goes to Google’s very deep pockets — when you’re one of the world’s largest companies, what’s a little sunk-cost fallacy between friends? The budget devices have, howev... |
Slowdown? What slowdown? Menlo Ventures bags $761M for its largest-ever opportunities fund | Harri Weber | 2,022 | 7 | 21 | Startup founders and know all too well about the funding slowdown of 2022, but the boom times aren’t over for everyone. U.S. venture firms in particular are , and Menlo Ventures is perpetuating the trend. The 46-year-old Bay Area firm, known for its early bets on companies like Uber and Warby Parker, this week tha... |
The Amazon effect is fueling a wave of robotics investments, acquisitions and maybe an IPO | Kirsten Korosec | 2,022 | 7 | 21 | Amazon’s drive to get as many products to customers as quickly as possible combined with a decade of technological breakthroughs, a labor shortage and skyrocketing e-commerce growth have aligned to create ideal conditions for warehouse robotics startups. This fruitful convergence has led to acquisitions, large funding ... |
The SEC takes a long-feared position in Coinbase insider trading suit | Lucas Matney | 2,022 | 7 | 21 | A former product manager at Coinbase has been arrested, the U.S. Justice Department announced Thursday, after being charged in a cryptocurrency insider trading scheme related to the listing of new crypto tokens on the Coinbase exchange. A separate filing on the case by the SEC signals the beginning of a major battle wi... |
Taking robots from the lab to the real world | Haje Jan Kamps | 2,022 | 7 | 21 | fans can nerd out about robots in the lab and the workshop all day long. It’s a very long road from a ridiculously cool, glorified science experiment to robots that can be put to work in production settings. These robots often have to work in some of the harshest conditions imaginable: defusing bombs, wandering the ha... |
Harmonizing human-robot interactions for a ‘new and weird’ world of work | Devin Coldewey | 2,022 | 7 | 21 | found it a challenge to work with people and vice versa. Two people on the cutting edge of improving that relationship joined us for TC Sessions: Robotics to talk about the present and future of human-robot interaction: Veo Robotics co-founder Clara Vu and Robust.ai founder Rod Brooks (formerly of iRobot and Rethink R... |
Snap misses on Q2 revenue, declines to forecast its future financial performance | Aisha Malik | 2,022 | 7 | 21 | Snap its second-quarter earnings on Thursday and missed analyst’s expectations. Revenue was $1.11 billion for the quarter, up 13% from the same period a year earlier but coming in below its previous guidance of 20% to 25%. Snap also declined to predict its future financial performance due to “uncertainties related to... |
Dean Kamen on the power of celebrating your own obsoletion | Brian Heater | 2,022 | 7 | 21 | and 1,000 or so patents after selling his first company, AutoSyringe, to healthcare giant Baxter, Dean Kamen still gets a charge describing breakthrough innovation. It’s been five years since his organ fabricating project ARMI (Advanced Regenerative Manufacturing Institute) divided critics. The project made more waves... |
Robotics and AI are going from cage to stage | Devin Coldewey | 2,022 | 7 | 21 | A lot of promising companies come out of work by researchers at universities, or even grad students who have struck on some new innovation. But the transition from tech-focused research group to product-focused startup isn’t easy to make; fortunately three experts in the matter joined us at TC Sessions: Robotics to dis... |
null | Tim De Chant | 2,022 | 7 | 26 | null |
UC Berkeley shows off accelerated learning that puts robots on their feet in minutes | Devin Coldewey | 2,022 | 7 | 21 | Robots relying on AI to learn a new task generally require a laborious and repetitious training process. University of California, Berkeley researchers are attempting to simplify and shorten that with an innovative learning technique that has the robot filling in the gaps rather than starting from scratch. The team sha... |
Get ready for a lot of dead DAOs | Lucas Matney | 2,022 | 7 | 21 | TechCrunch After a lengthy crypto bull run, the startups and projects in the space are reining in expectations and settling in for a long-haul crypto winter. It’s been a particularly tough time for DAOs, which are seeing their treasuries and native tokens decline, forcing them to cut back on expenses while trying to d... |
Andreessen Horowitz ditches physical HQ in return for global outposts | Natasha Mascarenhas | 2,022 | 7 | 21 | For a long time, distributed work for VCs looked like a split-HQ between two cities in different parts of the world. Now, it may look like “the cloud.” Andreessen Horowitz, a venture firm turned registered investment adviser, says that its “headquarters will be in the cloud” going forward, according to written by fou... |
Pitch Deck Teardown: Arkive’s $9.7M seed deck | Haje Jan Kamps | 2,022 | 7 | 21 | Arkive’s $9.7 million funding round, a startup that is trying to answer the question: “What if the Smithsonian was owned and curated by the internet?” The company’s founder and CEO Tom McLeod was gracious enough to let me take a closer look at the pitch deck he used to raise their seed round for our pitch deck teardow... |
Amazon defined warehouse robotics — so, what’s next? | Brian Heater | 2,022 | 7 | 21 | It took exactly two minutes for today’s TC Sessions: Robotics fulfillment panel to make its first Amazon mention. The retail giant looms over the category like no other. It played a foundational role with the 2012 acquisition of Kiva Systems that birthed Amazon Robotics, and remains the 800-pound gorilla looming in the... |
Twitch builds toward a ‘layered’ safety approach with new moderator tools | Taylor Hatmaker | 2,022 | 7 | 21 | Moderating an online community is hard, often thankless work — and it’s even harder when it happens in a silo. On , interconnected channels already informally share information on users they prefer to keep out. The company is now formalizing that ad hoc practice with a new tool that lets , inviting communities to col... |
Agility’s next Digit robot will have a face and hands | Kirsten Korosec | 2,022 | 7 | 21 | Digit, the bipedal robot developed by Agility Robotics, will continue to evolve and improve, including the addition of a head and some digits of its very own, according to co-founders Damion Shelton and Jonathan Hurst. Just don’t expect Digit to talk or have digits that look like human hands. Digit, which was introduce... |
Are universities doing enough to foster robotics startups? | Brian Heater | 2,022 | 7 | 21 | A few years ago, I got in the habit of asking researchers the titular question: Are universities doing enough to foster robotics startups? To a one, the answer was invariably, “no.” It was a massive blindspot for some of the world’s leading research institutes, both in commercializing their own work and giving their be... |
Starlink on your yacht, so hot | Andrew Mendez | 2,022 | 7 | 7 | Having conquered orbit, SpaceX’s next venue seems to be the high seas, through a special yacht-focused sub-brand of its satellite internet service called . The idea of satellite internet on the water isn’t a new one, but the actual service generally isn’t great: you can expect to pay hundreds or thousands per month fo... |
Sequoia wants to invest $1 million in your idea, then teach you how to really sell it | Connie Loizos | 2,022 | 7 | 7 | The investment firm Sequoia Capital has no shortage of for the founders it backs. The idea is to help its startups not merely by sheer dint of their affiliation with Sequoia but by helping them at the outset with everything from storytelling to recruiting strategies in order to give them an edge over rivals. Now, Seq... |
Ford, VW-backed Argo AI lays off 150 workers, slows hiring | Kirsten Korosec | 2,022 | 7 | 7 | Argo AI, the autonomous vehicle technology startup backed by Ford and Volkswagen, has laid off about 150 people and slowed the pace of hiring, making it the latest tech company to reduce its workforce as recession fears grow. The layoffs account for about 5% of its more than 2,000 global workforce, according to sources... |
So are we in a startup recession or what? | Alex Wilhelm | 2,022 | 7 | 7 | what is going on in the startup market and it’s a bit of a pain in the ass. The larger American economy, home to the largest technology startup and venture capital markets in the world, could be in a recession right now. We don’t know. To reach a technical recession, we need two successive quarters of negative GDP gro... |
It sounds like Elon Musk is still trying to get out of his own Twitter deal | Taylor Hatmaker | 2,022 | 7 | 7 | According to a that relies heavily on anonymous sources, the world’s richest man is still looking for a way out of a $44 billion deal of his own making. The Post reports that we’ll probably be seeing a “change in direction from Musk’s team” soon, according to its unnamed sources familiar with his plans. Further, Musk... |
Another fatal Tesla crash is being investigated by US safety regulators | Kirsten Korosec | 2,022 | 7 | 7 | The National Highway Traffic Safety Administration has opened an investigation into a fatal crash involving a Tesla, according to documents viewed by TechCrunch. The investigation, which was opened in July, is the latest in a long string of inquiries by NHTSA’s Special Investigations program into crashes involving Tesl... |
Why OSOM went web3 | Brian Heater | 2,022 | 7 | 7 | crazy stuff,” Jason Keats says with a laugh. “I want to bring back that GEM phone.” He reaches behind him and pulls the strikingly slender device off a shelf. The battery’s dead, but as a prop, it still works. Essential in October 2019 — roughly four months before the company closed its doors. All that remains now a... |
Twitter lays off 30% of its talent acquisition team | Amanda Silberling | 2,022 | 7 | 7 | Twitter laid off 30% of its talent acquisition team today, two months into a companywide . A Twitter spokesperson confirmed these layoffs but declined to share the exact number of employees affected. The company spokesperson added that employees will receive severance packages (but declined to share specifics) and sai... |
Netflix rolls out spatial audio to all devices, available for ‘Stranger Things’ and more | Lauren Forristal | 2,022 | 7 | 7 | For those who don’t know, spatial audio is designed to provide theater-like sound from a movie or TV show. Whatever it is you’re watching at home, there will be sounds that appear from all around you. Users can type “Spatial Audio” into Netflix’s search bar to find all the movies and series that support the option. The... |
Daily Crunch: China criticizes India for ‘frequent investigations’ of local Chinese firms | Christine Hall | 2,022 | 7 | 7 | Greetings on this fine Thursday. We are still reeling about . has more on that. also covered the . Meanwhile, if you are a startup founder, don’t forget to . The submission date is July 31. See you tomorrow! — Over in this section, has yet another update on the saga she has been following this year, namely B... |
Crypto hackers are increasingly phishing for new bait on social media | Jacquelyn Melinek | 2,022 | 7 | 7 | enter the web3 ecosystem, there are increasing opportunities for hackers to attack. And during the second quarter, there was a significant rise in crypto-focused phishing attacks across social media sites, according to a new report. There were 290 recorded attacks during the second quarter, up 170% from 106 in the fir... |
Tesla reportedly nowhere near goal of installing 1,000 solar roofs a week | Harri Weber | 2,022 | 7 | 7 | Five and a half years on (well, really ), Tesla’s solar roofs are looking less like a revelation and more like a hobby. Though Elon Must set a goal of Citing an anonymous source, reports that Tesla installed just 2.5 megawatts of solar roofs in the second quarter. That would equate to about 260 (9.6-kilowatt) hom... |
Former Theranos exec Sunny Balwani is found guilty of fraud | Amanda Silberling | 2,022 | 7 | 7 | and ex-boyfriend of disgraced founder , Sunny Balwani has been found guilty on all 12 criminal charges after a three-month trial. At her own high-profile trial this winter, of defrauding investors and conspiring to defraud investors on four of 11 counts, though she was not found guilty of defrauding patients. This ... |
Instacart’s new rewards program gives shoppers exclusive early access to orders and more | Aisha Malik | 2,022 | 7 | 7 | Instacart today that it’s launching a new “Cart Star” rewards program for shoppers on its platform. The program will offer incentives in three tiers: gold, platinum and diamond. To qualify for Cart Star, shoppers need to accumulate points based on the number of orders they fulfill, earning 10 points per customer orde... |
null | Christine Hall | 2,022 | 7 | 21 | null |
Pitch Deck Teardown: Enduring Planet’s $2.1M seed deck | Haje Jan Kamps | 2,022 | 7 | 7 | big climate change challenge, and I’ve long been skeptical about whether venture capital can be as big a part of the solution as it seems to think it is. This is why I was so excited when fintech startup . It’s playing a really clever card: trying to make rapid financing available to climate entrepreneurs in a win ... |
Amazon bets on influencers to drive sales for Prime Day | Lauren Forristal | 2,022 | 7 | 7 | To promote , Amazon announced today that its QVC-style livestream shopping market is hosting live chats with creators talking about Prime Day deals. The event will also feature celebrity cameos, including comedian Kevin Hart, Australian model Miranda Kerr, actress Kyle Richards, as well as American TV personalities ... |
US safety regulators open special investigation into Cruise AV crash | Kirsten Korosec | 2,022 | 7 | 7 | The National Highway Traffic Safety Administration has opened a special investigation into a crash in San Francisco involving a Cruise autonomous vehicle that resulted in minor injuries. The agency’s special crash investigations team officially launched its inquiry in June, according to documents viewed by TechCrunch. ... |
Levered up, doubled down | Anita Ramaswamy | 2,022 | 7 | 7 | Ever since Celsius halted withdrawals last month, it seems like a new crypto project has been going under almost daily, with Peter Thiel’s Vauld and publicly traded Voyager being two of the latest. While crypto downturns have certainly taken place before, this time around, it seems like things are different because of ... |
Knee deep in the hoopla | Brian Heater | 2,022 | 7 | 7 | recent holiday weekend here in the U.S., or perhaps it’s the simple truth that we’re currently staring down the mid-summer doldrums, but holy moly, it’s been a slow week on the robotics news front. I know — you’re supposed to hook readers with a compelling first paragraph, but the truth is this stuff ebbs and flows, a... |
Feds must step in or renewable energy will have nowhere to go, says MIT report | Devin Coldewey | 2,022 | 7 | 7 | Building wind and solar farms is an important part of building a new green grid, but a calm night stops their energy generation cold. It’s just as important to research and build green energy — and to that at scale requires federal intervention as soon as possible, suggests a new report from MIT. is part of a series... |
Another wild week for Elon Musk | Greg Kumparak | 2,022 | 7 | 9 | Hello, friends! Welcome back to , where we quickly recap the most read stories on TechCrunch from the last 7 days. The goal: If you had a busy week, you should be able to skim WiR and still have a pretty good sense of what happened in tech. Want it in your inbox? Many, many thanks to Henry Pickavet for putting WiR toge... |
Data shows who has been hit the hardest in the great tech layoff wave | Natasha Mascarenhas | 2,022 | 7 | 9 | , it’s clear that there’s a difference between how the startup market is acting and how it actually feels. Sure, capital has slowed, but at least within the United States, the numbers aren’t as damning as expected. The numbers — which I’d recommend you check out for yourselves — give a healthy dose of perspective durin... |
This Week in Apps: Google battles KakaoTalk, Twitter deal in jeopardy, FTC asked to investigate TikTok | Sarah Perez | 2,022 | 7 | 9 | Welcome back to This Week in Apps, that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app industry continues to grow, with number of downloads and consumer spending across both the iOS and Google Play stores combined in 2021, according to the year-end . Apps aren’t jus... |
What Zuckerberg’s money can’t buy | Lucas Matney | 2,022 | 7 | 9 | Welcome back to Last week, we looked at Solana’s smartphone and the post-Apple tech industry. This week, we’re looking at a web3 without Big Tech. To get this in your inbox every Thursday, you can subscribe on Unlike other moonshot tech categories, it’s become increasingly clear that there isn’t a huge whitespace open... |
Your fundraising pitch deck needs appendices. Here’s why | Haje Jan Kamps | 2,022 | 7 | 9 | pitch decks in my series, you’d conclude that appendices in pitch decks are rare. That would be inaccurate; I’d estimate that more than 70% of decks used actively in pitching startups to investors include one or more appendices. Moreover, whenever I coach clients on building their pitch decks, we end up with an appe... |
Arca’s David Nage on how regulatory scrutiny is impacting venture investment in web3 | Lucas Matney | 2,022 | 7 | 31 | The regulatory environment surrounding crypto is shifting stateside as the SEC takes aim at major players in the web3 world, promising to shake up business as usual with aggressive action. This week on Chain Reaction, we sat down with David Nage, a principal at Arca overseeing their early-stage fund with a primary focu... |
From spinouts to fundraising to M&A, founders need transparent deal terms | Anna Heim | 2,022 | 7 | 9 | TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the where it gets its name. With down rounds looming, startup founders have a lot less dealmaking leverage than they did in 2021. If new to the fundraising game, the changing market will require an accelerated class on less-favorable te... |
Bolt Mobility has vanished, leaving e-bikes, unanswered calls behind in several US cities | Rebecca Bellan | 2,022 | 7 | 31 | In some cases, the departure has been abrupt, leaving cities with abandoned equipment, unanswered calls and emails, and lots of questions. Bolt halted its service in Portland on July 1. Service has also ended in Richmond, Virginia. The city confirmed that Bolt Mobility’s permit with the City of Richmond ends today, Aug... |
Gmail gets a new look, Instagram trips while trying to be TikTok and India blocks Battleground Mobile | Greg Kumparak | 2,022 | 7 | 30 | Hello hello! Welcome back to , the newsletter where we do a quick rundown of the most-read TechCrunch stories from the past week. The idea: When you’ve had a busy few days, you should be able to skim Week in Review and still have a good idea of what’s up lately in tech. Want it in your inbox? . The story this week ... |
US startups seeking funds shouldn’t overlook financing from the government | Rebecca Szkutak | 2,022 | 7 | 31 | between a startup and a small business? Semantics, mostly. As many startups find themselves struggling to raise funds from venture capitalists as financing continues to , the U.S. Small Business Administration (SBA) could prove to be a powerful resource for capital, even if startups traditionally look for funds from ... |
Volunteer at TechCrunch Disrupt and attend all three days for free | Lauren Simonds | 2,022 | 7 | 31 | It takes a veritable army to make — which takes place October 18–20 in San Francisco — the well-oiled experience that savvy startuppers have come to know and love. And we couldn’t do it nearly as well without our incredible volunteers. If you’re looking for a no-budget way to experience Disrupt up close and personal,... |
Can VCs game crypto out of this downturn? | Lucas Matney | 2,022 | 7 | 30 | Welcome back to Last week, we looked at Musk holding onto doge. This week, we’re talking about where all of this crypto VC money is possibly gonna go. To get this in your inbox every Thursday, you can subscribe on The reality is that the dreams of web3 investors and founders are facing a bit of a jam — a crypto downtu... |
How fintech startups are navigating the extension-round rush | Mary Ann Azevedo | 2,022 | 7 | 31 | venture market goes, so goes the venture market itself. Why? Because fintech investment has historically made up around one-fifth of every venture dollar invested — at least in recent years. And after and venture capital itself , both are dealing with a new, more conservative reality. For fintech startups, the down... |
Fintech VCs change tune on investment landscape | Mary Ann Azevedo | 2,022 | 7 | 31 | What a difference a few months makes. In mid-February, we published with questions on topics such as what areas they are excited about and their outlook for the future. Here we are, not even six months later, and the vibe from the responses of our — this time of eight fintech investors — is a very different one.” A ... |
This Week in Apps: Instagram backlash, TikTok gaming, Snapchat+ makes millions | Sarah Perez | 2,022 | 7 | 30 | Welcome back to This Week in Apps, that recaps the latest in mobile OS news, mobile applications and the overall app economy. Global in the first half of 2022, up only slightly from the $64.4 billion during the same period in 2021, as hypergrowth fueled by the pandemic has slowed down. But overall, the app economy ... |
The bootstrapped are coming, the bootstrapped are coming | Natasha Mascarenhas | 2,022 | 7 | 30 | Bootstrapped startups, or companies that use their own revenue or existing cash flow to fund growth instead of relying on external capital sources, sit in a very separate box than venture-backed startups. By nature of asset class, bootstrapped startups prioritize revenue to keep alive, while venture-backed startups pri... |
null | Dominic-Madori Davis | 2,022 | 7 | 7 | null |
It really does take a village to keep you secure in the cloud | Ron Miller | 2,022 | 7 | 30 | the halls of the massive Boston Convention Center this week for , the division’s annual security event, I spoke to a number of vendors, and one theme was clear: Cloud security really is a shared responsibility. That idea has been around for some time, but it particularly hit home this week as I listened to various AW... |
Will once-bootstrapped startups turn to venture during a watershed moment? | Natasha Mascarenhas | 2,022 | 7 | 30 | that use their own revenue or existing cash flow to fund growth instead of relying on external capital sources, sit in a very separate box than venture-backed startups. By nature of asset class, bootstrapped startups prioritize revenue to keep alive, while venture-backed startups prioritize growth to keep investor buy... |
Tesla shares get baby bump as Elon Musk tries to pull out of Twitter deal | Kirsten Korosec | 2,022 | 7 | 8 | Tesla shares received an upwards bump in after-hours trading Friday as investors reacted positively to Elon Musk’s move to . Tesla shares rose 14.51% to close at $752.29 on Friday. The share price continued to edge higher after regular trading hours by as much as 3.39%, before settling to about a 2.68% increase as of ... |
Stocks with friends | Anna Heim | 2,022 | 7 | 30 | TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the where it gets its name. From Netflix to Peloton, companies that enjoyed strong tailwinds at the peak of the pandemic aren’t exactly doing great right now. And yet, investors don’t seem to think that neobrokers will follow the same p... |
Gaming vets promise to make blockchain games fun and sustainable | Rita Liao | 2,022 | 7 | 30 | of and has convinced a flurry of entrepreneurs that web3 gaming, where the ownership of in-game assets is in the hands of users via blockchain adoption rather than a centralized platform, is the future. Some of the biggest hits in the space to date reward users with tokens that can be cashed out in what’s known as... |
Daily Crunch: Musk wants out of his $44B Twitter deal | Christine Hall | 2,022 | 7 | 8 | Jet-lagged and post-COVID-fatigued, Haje is back, joining Christine to bring you fine morsels of tech news in this very newsletter. Also, hearsay (and the calendar) suggests that it might be Friday. If that almost unverifiable rumor is, in fact, true, then have a delightful weekend. — and Coalition, a San Francisco–... |
Twitter is really not having Elon Musk’s attempt to back out of buying it | Darrell Etherington | 2,022 | 7 | 8 | Twitter is not on the same page as Elon Musk when it comes to his newly official attempt to back out of his proposed $44 billion acquisition of the company. The company issued a brief formal statement regarding , which relies on the ‘s assertion that Twitter misled him about the extent of its bot problem when he ente... |
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