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What the James Webb Space Telescope’s first images tell us about the universe | Aria Alamalhodaei | 2,022 | 7 | 12 | NASA unveiled full-color images from the $11 billion James Webb Space Telescope (JWST) on Tuesday, marking the first of what is sure to be many releases from the super powerful optical instrument. But even taken by themselves, these five images mark a massive achievement and the culmination of a 26-year-long process to... |
Watch Rocket Lab launch the first of two missions for the National Reconnaissance Office | Aria Alamalhodaei | 2,022 | 7 | 12 | Rocket Lab is attempting to demonstrate its speediest launch cadence yet, with two back-to-back missions for the U.S. National Reconnaissance Office (NRO) scheduled to fly 10 days apart. The first mission, dubbed “Wise One Looks Ahead” or NROL-162, is due to launch no earlier than July 12 at 1:00 AM EST (5:00 AM UTC) f... |
Daily Crunch: Microsoft lays off hundreds of employees as it kicks off fiscal year 2023 | Christine Hall | 2,022 | 7 | 12 | Hello and happy Tuesday! Today we’re celebrating joining the TechCrunch crew. He goes hard out of the gate with his inaugural story on the site, covering how . Give him your warmest welcome — like by ! Oh, and great news for robotics fans, is talking with Ayanna Howard and Ayah Bdeir about the changing face of ro... |
Markforged acquires Digital Metal for $40M as 3D printing space continues to evolve | Haje Jan Kamps | 2,022 | 7 | 12 | Metal and carbon fiber company (best known for its Digital Forge platform) announced today that it acquired to further increase its lineup of machines that can produce metal parts. The company was previously owned by Swedish metal powder manufacturer . The acquisition highlights Markforged’s push into additive man... |
Rimac begins production of its $2.5 million Nevera hypercar EV | Jaclyn Trop | 2,022 | 7 | 12 | The $2.5 million Rimac Nevera all-electric hypercar has begun rolling off the assembly line, launching on the world stage as the fastest production car and an emblem of the Croatian EV maker’s advanced battery technology. The sleek, low-slung 1,914-horsepower two-seater is the first model to test the strength of the No... |
Tesla laying off 229 Autopilot workers, shuttering San Mateo office, filing confirms | Rebecca Bellan | 2,022 | 7 | 12 | Tesla is laying off 229 data annotation employees who are part of the company’s larger Autopilot team and is shuttering the San Mateo, California office where they worked, according to a TechCrunch that nearly 200 employees were being laid off, according to sources who talked to TechCrunch on condition of anonymity.... |
Battle of the bridge: Startups struggle to secure runway financing | Rebecca Szkutak | 2,022 | 7 | 12 | capital asset class sitting on historic levels of dry powder, many investors aren’t deploying it, leaving their portfolio companies scrambling for financing. Venture funding has been across the board this year, but the tone of how this temporary pullback could impact companies is starting to change. The mood at the ... |
Google exec suggests Instagram and TikTok are eating into Google’s core products, Search and Maps | Sarah Perez | 2,022 | 7 | 12 | The TikTok threat to Google’s business isn’t just limited to , as it turns out. Core Google services, including Search and Maps, are also being impacted by a growing preference for social media and videos as the first stop on younger users’ path to discovery, a Google exec acknowledged today, speaking at an industry e... |
This company just raised millions to make tech layoffs more humane | Natasha Mascarenhas | 2,022 | 7 | 12 | is a venture-backed bet on fractional work, and, better yet, that founders want to show humanity during moments of crisis. The company, launched by CEO Nolan Church in August 2020, started as a play to connect startups to part-time executive help. Now, it has expand to help struggling tech companies cut staff in a mor... |
Amazon gives Dash Cart a makeover and brings the shopping tech to Whole Foods | Lauren Forristal | 2,022 | 7 | 12 | While Prime Day deals flood our notifications, the retail team at Amazon a revamped Dash Cart with new conveniences and technology upgrades for shoppers to further enjoy the that is purchasing groceries. The cart will also now be featured in select Whole Foods Market stores. The most notable updates include the abi... |
Twitter sues Elon Musk to force him to seal the deal | Taylor Hatmaker | 2,022 | 7 | 12 | Twitter followed through on its promise to , suing the SpaceX and Tesla CEO in a Delaware court on Tuesday. The company’s board after Musk’s legal team sent Twitter a letter stating his intentions to withdraw from the deal. Twitter board chairman Bret Taylor tweeted that the company remained “committed” to closing t... |
Ev Williams calls it quits as CEO of Medium | Connie Loizos | 2,022 | 7 | 12 | Another CEO is stepping back from the company he launched. This time, it’s famed serial entrepreneur Ev Williams, who said today that he is relinquishing his full-time role with Medium, an online platform that hoped to transform publishing on the internet by giving anyone with an interest in writing a space to do it in... |
Peloton outsources production of its bikes and treadmills amid struggles | Brian Heater | 2,022 | 7 | 12 | It’s hard not to feel for Peloton’s new leadership. The team has the harrowing task of attempting to right the ship following explosive growth and a subsequent messy crash back down to Earth. The reasons for the home exercise firm’s struggles are numerous, including some overly ambitious plans set at the height of the ... |
Despite falling NFT sales volume, there’s more underlying strength to the market than you’d think | Jacquelyn Melinek | 2,022 | 7 | 12 | Bearish sentiment in the crypto markets has trickled down to the NFT subsector. Over the past 30 days, NFT sales volume across the top 10 blockchains has fallen, according to from NFT aggregator CryptoSlam. The biggest decline recorded was around 80% on BNB, or $19.19 million, while the smallest decline was around 5%... |
How the Webb sends its hundred-megapixel images a million miles back to Earth | Devin Coldewey | 2,022 | 7 | 12 | revealed the James Webb Space Telescope’s first set of images, from an awe-inspiring deep field of galaxies to a minute characterization of a distant exoplanet’s atmosphere. But how does a spacecraft a million miles away get dozens of gigabytes of data back to Earth? First let’s talk about the images themselves. These... |
Hyundai casts new Ioniq 6 sedan as a Tesla Model 3 rival | Jaclyn Trop | 2,022 | 7 | 13 | Hyundai unveiled its new Ioniq 6, a sedan that it says will deliver range on par with the Tesla Model 3, issuing a direct challenge to the best-selling battery-electric sedan on the market. — the follow-up to Hyundai’s Ioniq 5 SUV and the second model in its Ioniq EV sub-brand — will travel 610 kilometers (379 miles) ... |
Hulu hits record 58 Emmy nominations, underdog Apple TV+ gets 52 | Lauren Forristal | 2,022 | 7 | 12 | The nominations for the 2022 Primetime Emmy Awards were today, and once again, it was dominated by streaming services. Apple TV+ showed improvement compared to its older competitors, and Hulu of 58 Emmy nominations. Meanwhile, the rivalry between HBO Max and Netflix continues. HBO Max’s “Succession” is now the wi... |
Celsius, one of crypto’s biggest lenders, files for bankruptcy | Manish Singh | 2,022 | 7 | 13 | Celsius Network, one of the world’s largest cryptocurrency lenders, has filed for bankruptcy protection, a month after freezing in the wake of sharp turbulence in the crypto market that has toppled business models of several firms. The New Jersey-headquartered startup, which was valued at $3.25 billion when it extend... |
Kindly makes hormonal health care more approachable | Catherine Shu | 2,022 | 7 | 13 | Kindly His’ at home semen test kit. Kindly Health Hormonal healthcare can be intimidating, as it touches on the most intimate parts of our lives. wants to make it accessible to more people, with a combination of at-home diagnostic tests (including semen tests and tests for polycystic ovary syndrome), telehealth cons... |
Shanghai gives nod to NFT trading platforms | Rita Liao | 2,022 | 7 | 13 | After over the financial risks associated with non-fungible tokens, some of China’s authorities are putting forward guidance on how to best make use of the novel technology. The government of Shanghai says it supports “leading companies to explore building NFT exchanges,” according to the city’s 14th Five Year Plan o... |
DoorDash to hike subtotal minimums for US subscribers | Rebecca Bellan | 2,022 | 7 | 13 | Food and grocery delivery company DoorDash is raising the bar for orders through its subscription service DashPass. According to an email update, starting August 12, “DashPass subtotal minimums may increase and vary by store, city and time of day…” DashPass subscribers pay $9.99 per month for free delivery and decrease... |
KKday bumps its Series C to $95 million as travel resumes | Catherine Shu | 2,022 | 7 | 13 | When travel platform raised , the travel landscape was very different. Now, as KKday announces that it’s added $20 million to the round, bringing its total to $95 million, travel trends are changing, with more people going on domestic or international trips. The funding was led by Asia private equity firm TGVest Cap... |
Watch SpaceX launch more than 5,800 pounds of cargo to the International Space Station | Aria Alamalhodaei | 2,022 | 7 | 13 | After a little over a month of delays, NASA and SpaceX are ready to launch a resupply mission to the International Space Station, which includes more than 5,800 pounds of supplies, equipment and scientific investigations. The mission was previously scheduled to launch on June 10, but was delayed after engineers discove... |
Uber facing lawsuit from dozens of women over sexual assaults by drivers | Rebecca Bellan | 2,022 | 7 | 13 | Uber is facing lawsuits from as many as 550 women passengers across the U.S. who have alleged they were assaulted by drivers on the platform. The initial complaint, which was filed in San Francisco County Superior Court on Wednesday by attorneys at Slater Slater Schulman LLP, alleges that passengers were kidnapped, sex... |
Tesla loses top AI executive who led Autopilot vision team | Kirsten Korosec | 2,022 | 7 | 13 | Andrej Karpathy, the deep learning and computer vision expert who was hired five years ago as Tesla’s director of AI and led Autopilot vision team, is officially leaving the company. Karpathy was on a four-month leave of absence, fueling widespread speculation as to whether he would return. In a tweet posted Wednesday ... |
Walmart doesn’t want Canoo selling EVs to Amazon | Rebecca Bellan | 2,022 | 7 | 13 | on Tuesday to purchase 4,500 of its last-mile delivery vehicles. While the deal is not exclusive, it does prevent Canoo from making sales to Walmart’s rival Amazon. Walmart’s agreement to purchase up to 10,000 electric vans from startup-turned-SPAC Canoo includes a caveat blocking sales to Amazon, according to a regul... |
Panasonic to build $4B EV battery plant in Kansas | Jaclyn Trop | 2,022 | 7 | 13 | Panasonic said Wednesday it plans to build the world’s largest EV battery plant, a $4 billion factory in Kansas that will manufacture and supply lithium-ion batteries to EV makers. The factory is slated to be larger than the it operates with Tesla in Sparks, Nevada, which is already one of the largest lithium-ion bat... |
Arrival to slash costs, cut up to 30% of workforce to meet on EV van production target | Kirsten Korosec | 2,022 | 7 | 13 | Arrival, the U.K.-based commercial EV company, plans to slash costs and cut as much as 30% of its workforce as it attempts to protect the business from a challenging economic environment while meeting its production targets. The company, which went public last year via a , said the restructuring plan includes a target... |
A Twitter test will remind you to add alt text to images | Amanda Silberling | 2,022 | 7 | 13 | In the midst of , Twitter’s team launched a much-requested feature test. Ten percent of users, who make up the test group, will be served reminders to add image descriptions to their photo uploads. Image descriptions, or alt text, are exactly what they sound like: descriptions of what appears in an image. Sometime... |
Daily Crunch: Interactive gaming developer Unity merges with app monetization platform ironSource | Christine Hall | 2,022 | 7 | 13 | Goodness! Have a scroll through today — it’s like drinking from a fire hose here the past couple of days! There’s so much news that it’s legitimately hard to pick our selection for the newsletter today. We’ve done our best, but it’s def worth giving the homepage a look to see if we left something out that you might b... |
Meet the newest crypto builders from web3 accelerator Alliance DAO’s demo day | Jacquelyn Melinek | 2,022 | 7 | 13 | It seems like every time a , there’s a new one waiting around the corner — and as you know, TechCrunch is no stranger to them. Oftentimes these events are filled with traditional seed-stage tech companies based in Silicon Valley. But today we’re highlighting the demo day for a new wave of crypto projects and teams w... |
Hasbro puts your face on action figures with 3D printing | Haje Jan Kamps | 2,022 | 7 | 13 | Toy and games maker is bringing your face to an action figure near you with its newest partnership. It’s using a new 3D-printing material and workflow from 3D-printer company to create custom action figures at scale. The project is called the Hasbro Selfie Series, and makes it possible for fans to create “collector... |
null | Lucas Matney | 2,022 | 7 | 12 | null |
Tonal just shed over a third of staff to help it become a ‘self-sustaining and profitable business’ | Natasha Mascarenhas | 2,022 | 7 | 13 | fitness company last , has laid off 35% of its workforce in what the company says was a “responsible” decision made in order to grow at a more sustainable rate. “Tonal is prioritizing becoming a self-sustaining business with an emphasis on profitability,” the company said in a statement confirming the layoffs. “While... |
Kids and teens now spend more time watching TikTok than YouTube, new data shows | Sarah Perez | 2,022 | 7 | 13 | Kids and teens are now spending more time watching videos on TikTok than on YouTube. In fact, that’s been the case since June 2020 — the month when TikTok began to outrank YouTube in terms of the average minutes per day people ages 4 through 18 spent accessing these two competitive video platforms. That month, TikTok o... |
Nikon says wait! We are still selling SLRs! | Haje Jan Kamps | 2,022 | 7 | 13 | Yesterday, I reported that for its SLR business. Today, the company issued that says the truth may be a bit more nuanced: There was a media article regarding Nikon’s withdrawal of SLR development. This media article is only speculation and Nikon has made no announcement in this regards. Nikon is continuing the produ... |
Startups race to build a crypto-native, consumer-friendly messaging platform for web3 | Connie Loizos | 2,022 | 7 | 14 | There’s no shortage of headlines about the onset of “crypto winter.” Amid a growing , one of the buzziest startups in the business, the NFT marketplace OpenSea, announced a just today. Behind the scenes, however, plenty of founders and VCs are doubling down on the promise of largely decentralized, blockchain-based o... |
Instagram launches its creator marketplace on an invite-only basis | Aisha Malik | 2,022 | 7 | 13 | Instagram has officially started testing its , a hub designed to help brands discover and reach out to creators about partnerships and campaigns. The marketplace is currently available on an invite-only basis to brands in the United States. Brands that are invited to access the marketplace can use the desktop experien... |
Hyundai to electrify high-performance N brand | Jaclyn Trop | 2,022 | 7 | 14 | Hyundai said Thursday it will begin building electric vehicles under its high-performance N brand created to compete with luxury sports cars from Mercedes-Benz and BMW. The automaker said the Ioniq 5 N, a high-performance version of its battery-electric SUV, will launch in 2023. Hyundai also premiered Thursday two high... |
Cruise robotaxi service under review following anonymous letter | Rebecca Bellan | 2,022 | 7 | 14 | Someone claiming to be a Cruise employee sent an anonymous letter to a California regulatory agency raising concerns that the company is launching its robotaxi service too early. The employee cited the regularity of instances that Cruise robotaxis malfunction in some way and are left stranded on streets, often blocking... |
Daily Crunch: Stripe, stripped: Fintech leader slashes internal valuation by 28% | Christine Hall | 2,022 | 7 | 14 | Oh hey, and welcome to Thursday! It’s been another intense day with a lot of news happening. We’ve picked the cream of the crop for you. Oh! And if you want to be part of Disrupt with your startup, don’t forget to ! On July 21, we’ve got an incredible lineup for our TC Robotics event — and something is wrong with the ... |
Meta’s first human rights report is largely self-congratulatory | Kyle Wiggers | 2,022 | 7 | 14 | Meta today its first annual human rights report, which — in the company’s words — includes “insights and actions from [Meta’s] human rights due diligence on products, countries, and responses to emerging crises.” The 83-page report, covering the years 2020 and 2021, strikes a largely self-congratulatory tone, defendi... |
NFT brand loyalty platform Hang banks $16M from Paradigm | Lucas Matney | 2,022 | 7 | 14 | Crypto startups — fresh off a mind-boggling bull run — are preparing for the next phase of life where the mere mention of “NFT,” “DAO” or “DeFi” may not tempt investors quite as much as before. The breed of crypto startups raising now are looking to double down on scoring more traditional customers rather than building... |
Systemiq secures $70 million to fund early-stage climate tech founders | Harri Weber | 2,022 | 7 | 14 | , a backer of early-stage climate tech startups, says it has secured $70 million to kick off its second fund. The London-based VC aims to raise as much as $130 million more; that would mark quite a step up for the firm, which says it has funneled $30 million into 19 startups since 2018. As far as putting that money to ... |
As Coinbase falters, Binance.US is waiting in the wings | Anita Ramaswamy | 2,022 | 7 | 14 | publicly traded crypto exchange in the United States, Coinbase has become something of a household name. But as the going gets tough in the crypto markets, the company seems to be fumbling the bag, leaving it vulnerable to competition. Coinbase’s stock price is down nearly 80% from where it started the year and it rec... |
Facebook tests a way to add up to five profiles tied to a single account | Aisha Malik | 2,022 | 7 | 14 | Facebook is testing a way for users to have up to five separate profiles tied to a single account. The social media giant says the test allows users to dedicate different profiles to specific groups they want to connect with, such as one dedicated Facebook feed exclusive to their friends and another one just for their ... |
Dueling $2.5 million hypercar EVs arrive this summer | Jaclyn Trop | 2,022 | 7 | 14 | It’s shaping up to be the summer of dueling seven-figure electrified hypercars. But perhaps it’s more of a sibling rivalry, as the Rimac Nevera and Pininfarina Battista share common DNA. Rimac said Tuesday that its $2.5 million has begun rolling off the assembly line. Pininfarina announced the following day that its ... |
VinFast EV factory wins North Carolina’s top incentives package | Jaclyn Trop | 2,022 | 7 | 14 | Vietnamese EV maker VinFast said Thursday it received $1.2 billion in incentives to build a factory in North Carolina. The incentive package represents the state’s largest-ever economic development project and its aspirations to build North Carolina into a hub for the clean energy economy. Construction on the 2,000-acr... |
NFT marketplace OpenSea lays off 20% of its staff: ‘We have entered … crypto winter’ | Lucas Matney | 2,022 | 7 | 14 | Despite a significant depression in crypto markets, plenty of top players have been hesitant to say that the good times are over for the time being, but as NFT marketplace OpenSea announces today that its laying off around 20% of the company’s employees, the top crypto startup’s CEO isn’t mincing words. ” … [T]he reali... |
US venture capitalists have never had so much spare cash | Alex Wilhelm | 2,022 | 7 | 14 | given the chatter in the startup world that venture capitalists are short on funds — after all, we’re hearing about young tech companies finding themselves marooned between stages, hitting up investors and to keep their cash balances healthy. And yet from PitchBook and the National Venture Capital Association in... |
FCC hands down $116M robocall fine, but begs for the power to hammer perps itself | Devin Coldewey | 2,022 | 7 | 14 | Robocalls and other automated scams are an everyday occurrence for millions of Americans. But while stricter rules are coming and the FCC is about to , the agency wants to step up its enforcement with the ability to take the scammers to court itself. “This fine is big,” said FCC chairwoman Jessica Rosenworcel in a sta... |
Stripe is the latest fintech to falter, taking a 28% internal valuation cut | Anita Ramaswamy | 2,022 | 7 | 14 | Stripe is the latest high-profile fintech company to experience a significant valuation cut as the market downturn begins to hit the sector especially hard. , the payments processor has seen the internal value of its shares slashed by 28%, sources told . The Journal reports that the valuation cut comes from a 409A pr... |
null | Jacquelyn Melinek | 2,022 | 7 | 13 | null |
A meme stock’s second shot at the moon | Anita Ramaswamy | 2,022 | 7 | 14 | TechCrunch Everyone’s favorite 2020 meme stock is back in the news, and this time it’s flexing on crypto industry incumbent Coinbase. GameStop, which largely operates brick-and-mortar retail stores for video games, made a foray into the metaverse with its launch of an NFT marketplace this week. In just two days of bei... |
Autonomous vehicles startup Nuro winds down operations in Phoenix | Kirsten Korosec | 2,022 | 7 | 14 | Nuro, the autonomous vehicle delivery startup that is valued at more than $8.6 billion, is closing its Phoenix facility as it shifts its commercial strategy away from the desert metropolis and toward the San Francisco Bay Area and Houston. Nuro told employees that the Phoenix Depot location would be closed by October 1... |
One size doesn’t fit all for Wing’s drone deliveries | Brian Heater | 2,022 | 7 | 14 | delivery has understandably felt like a fool’s errand. It’s a category clouded by regulator and logistical concerns, and one that’s often felt — at best — a long ways down the road. Wing has been among the leading lights in a space that’s seen its share of setbacks — including its chief big-name competitor, Amazon. Th... |
Pitch Deck Teardown: Forethought’s $65M Series C deck | Haje Jan Kamps | 2,022 | 7 | 14 | on our radar for a long time — the company , and just a few weeks ago, CEO Deon Nicholas joined Vanessa Larco from NEA on TechCrunch Live to talk about pitching and pitch decks: Today, it’s my pleasure to tear down the company’s 23-slide deck . mission is to help humans perform better using AI. “One of the things t... |
No one said this was going to be easy | Brian Heater | 2,022 | 7 | 14 | out from . I’ve been sitting in on prep calls for the past month, and I feel confident in saying this is going to be the best and widest-ranging single-day robotics event. I’ve been helping plan events for various outlets for close to 15 years at this point, and I also feel comfortable saying this is the strongest li... |
Messaging app JusTalk is spilling millions of unencrypted messages | Zack Whittaker | 2,022 | 7 | 22 | Popular video calling and messaging app JusTalk claims to be both secure and encrypted. But a security lapse has proven the app to be neither secure nor encrypted after a huge cache of users’ unencrypted private messages was found online. The messaging app is widely used across Asia and has a booming international audi... |
T-Mobile will pay out $350M to customers in data breach settlement | Devin Coldewey | 2,022 | 7 | 22 | If you were one of the nearly 77 million people affected by , you may have a few bucks coming your way. The company has just announced the terms of a settlement in a consolidated class action lawsuit, and it isn’t cheap: $350 million to be split up by customers (and lawyers), plus $150 million “for data security and r... |
Daily Crunch: ‘I’ve gotten beat’ on my ‘Shark Tank’ bets, Mark Cuban admits | Christine Hall | 2,022 | 7 | 22 | Fri-yay! Grab your calendar and mark November 17, 2022, on it, and then snag yourself an airline ticket to Miami, Florida. That’s right, TC Sessions continues, with . It’s our first dedicated crypto event, so come along, get your NFTs, blockchains, and web3 on. and save a couple of hundred bucks! — and “Shark Tan... |
Disney+ delivers first looks of new Spider-Man, X-Men, Groot and Marvel Zombies animated series | Lauren Forristal | 2,022 | 7 | 22 | Disney+ made its debut at San Diego Comic-Con 2022 (SDCC) and gave Marvel fans a whole bunch of shows to look forward to. This marked Marvel Studios’ first appearance at the event in three years, and boy did they deliver. Marvel Studios officially revealed the first looks for all the new original animated series coming... |
World Fund joins $128M bet that quantum can deliver climate breakthroughs | Harri Weber | 2,022 | 7 | 22 | World Fund, a in climate-VC land, is taking the lead in a $128 million round for , with hopes the Finnish quantum computing company will one day deliver carbon cuts by the megatonne. Quantum computing trades the bits of conventional computers for quantum bits, and in theory, quantum machines may be better suited for... |
What does the SEC’s warning shot at crypto mean? | Jacquelyn Melinek | 2,022 | 7 | 22 | Yesterday was a . A former Coinbase product manager was arrested alongside his brother and a friend, and charged with running a cryptocurrency insider trading scheme by the U.S. Department of Justice (DOJ). At the same time, the U.S. Securities and Exchange Commission (SEC) a separate document on the case, designati... |
Disney+ US goes R-rated with ‘Deadpool,’ ‘Deadpool 2’ and ‘Logan’ | Lauren Forristal | 2,022 | 7 | 22 | Disney+ strays farther from its family-friendly image with the addition of “Deadpool,” “Deadpool 2” and “Logan” arriving to the streaming service today, July 22. Alongside Disney’s announcement yesterday, the company invited users to revisit their parental control settings due to the sexual and violent nature of these ... |
Instacart’s co-founder Apoorva Mehta checks out | Natasha Mascarenhas | 2,022 | 7 | 22 | A year ago, Instacart co-founder Apoorva Mehta of the grocery delivery unicorn and took on an executive chairman position. Now, as the company he started nearly a decade ago prepares to IPO, Mehta says that he will be stepping down as executive chairman and transitioning off the board of directors once the company go... |
Looking for an investment from a CVC? Take these 3 tips to the negotiation table | Luisa Rubio Arribas | 2,022 | 7 | 22 | flows continue to fluctuate, founders have to double down on the terms they agree on. While it can be tempting to overlook certain terms for the sake of closing a deal, founders should remember that nearly everything in a deal is negotiable. A lot of entrepreneurs tend to focus only on the company’s valuation during t... |
SAP top exec retires as Q2 2022 earnings come out | Natasha Mascarenhas | 2,022 | 7 | 22 | As Q2 earnings send enterprise giant ’s stock down, President of SAP North America is leaving the enterprise company, TechCrunch has learned from sources. SAP confirmed the news, saying that Paoni is retiring from the company after 26 years. “We truly believe the momentum we’re seeing in North America can be attribu... |
Snap stock is getting obliterated | Lucas Matney | 2,022 | 7 | 22 | Investors in social media company Snap are reeling this afternoon as the stock has endured a bit of a meltdown following its release of Q2 earnings yesterday. The stock price is down nearly 40% for the day, at the time of writing, as investors rejigger their expectations for the future performance of the stock. After c... |
How to check for founder-investor alignment before you start fundraising | Evan Kipperman | 2,022 | 7 | 22 | of pandemic-era venture capital recedes, startups need to avoid the scarcity trap that accompanies the chase for dwindling investor dollars. And as the markets turn, founders should remember the fundamentals they learned during times of plenty. Investors are pulling back as fears of a recession grow. In the first quar... |
Pink Sauce went viral on TikTok. But then it exploded (literally). | Amanda Silberling | 2,022 | 7 | 22 | month, a chef in Miami has been taking over TikTok with her signature product: Pink Sauce. Carly Pii, who uses the handle , posted a series of videos promoting her homemade condiment, drizzling egregious pools of deep magenta dressing atop gyros, fried chicken, french fries and tacos. Notoriously close-lipped about wh... |
VW Group CEO Herbert Diess is out | Kirsten Korosec | 2,022 | 7 | 22 | Volkswagen Group CEO Herbert Diess, the embattled executive who has survived a number of confrontations and power struggles with the board and unions over the past two years, is leaving the company. The VW AG board said Friday it has appointed Porsche boss Oliver Blume to head up the massive company that includes brand... |
Mark Cuban hasn’t profited from his ‘Shark Tank’ investments | Amanda Silberling | 2,022 | 7 | 22 | America’s favorite advertisement masquerading as a television show, “Shark Tank,” made Mark Cuban a household name (that is, if you weren’t already a Dallas Mavericks fan). But last week, the billionaire revealed on the that overall, he hasn’t made a profit from his suite of investments. “Are you up all time on ‘Shar... |
TechCrunch+ roundup: Early-stage fundraising revisited, fractional hiring, HR tech boom | Walter Thompson | 2,022 | 7 | 22 | I won’t use this space to dissuade anyone from launching a startup, but founders should embrace the fact that investors are looking for reasons to give you money these days. Perhaps you don’t have much revenue. Or maybe, too much of your cash flow depends on a single customer. Oh, and when are you on track to join th... |
null | Lauren Forristal | 2,022 | 7 | 14 | null |
Check out the founder-focused sessions happening at TechCrunch Disrupt | Lauren Simonds | 2,022 | 7 | 22 | Here’s a look at just some of the ways early-stage founders can learn to build, grow and fund their startups at on October 18–20 in San Francisco. Word to the budget-wise: don’t miss out on early-bird savings. before prices go up on and save up to $1,300. Let’s kick off the Disrupt opportun-a-palooza with a time-s... |
Can Alto succeed at employee-driven ride-hail? | Rebecca Bellan | 2,022 | 7 | 22 | Ride-hail startup Alto thinks the current gig worker-based market is inherently broken. Drivers’ salaries are squeezed by the costs of owning and maintaining a vehicle; riders aren’t guaranteed a high-quality service; cities have had to deal with angry taxi drivers; and the app-based companies themselves that have unde... |
TechCrunch Podcast Weekly Roundup: Crypto winters, Robots, and when will India make up its mind about Crypto | Matt Burns | 2,022 | 7 | 22 | TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. To help you find the right show for your interests, we’ve compiled our audio output from the week. And if you are more into the written... |
Looks like (some) neobanks will be OK after all | Alex Wilhelm | 2,022 | 7 | 22 | of saw huge amounts of capital flowing into so-called neobanks, digital financial companies offering banking services to markets general and niche. The overarching idea behind the push made sense — many traditional banks are IRL-first and digital second, and their brick-and-mortar way of doing things engendered cost... |
3 indicators to watch for on GM Q2 earnings day | Jaclyn Trop | 2,022 | 7 | 25 | The auto industry’s woes are far from over, but the second half of the year represents a return to planning for the future rather than responding to short-term supply chain crises. General Motors, which reports its second-quarter financial results Tuesday, is ready to roll into the third quarter with an eye toward long... |
China’s Jaka Robotics fueled by Saudi Arabia’s Prosperity7 in global push | Rita Liao | 2,022 | 7 | 25 | , a Chinese startup that makes collaborative robots, has just pulled in a hefty Series D funding round of over $150 million from a lineup of heavyweight investors to help it expand globally. The round is led by Singapore’s sovereign wealth fund Temasek, TrueLight Capital, Softbank Vision Fund II, and Prosperity7 Ventur... |
Insightly helps engineering teams increase productivity and reduce burnout | Catherine Shu | 2,022 | 7 | 25 | helps engineering teams stop problems before they happen, like slow release cycles, bottlenecks and uneven workload distribution that can lead to employee burnout. The San Francisco and Hyderabad-based startup announced today it has raised $1 million led by Together Fund, which it will use to expand its product, engin... |
GM joint venture to receive $2.5B government loan for US battery plants | Rebecca Bellan | 2,022 | 7 | 25 | The U.S. Department of Energy is reviving an old loan program and its first recipient is the between General Motors and LG Energy Solution. The $2.5 billion loan issued to GM and LG Energy will be used to help finance the construction of new lithium-ion battery cell manufacturing facilities. was first to report the ... |
Daily Crunch: Cartona will use $12M Series A to expand its Egypt-based, B2B e-commerce platform | Haje Jan Kamps | 2,022 | 7 | 25 | Happy new week! Christine went on a well-deserved break, so you’ll have to deal with a double dose of my awful puns and worse headline shenanigans for a bit. Oh! And we have a live Q&A session tomorrow at noon PT on Twitter Spaces about what a 409A valuation is and why you should care. Our very own and will be spea... |
Faraday’s future on shaky ground as EV production delayed again | Kirsten Korosec | 2,022 | 7 | 25 | Faraday Future has delayed production of its FF91 flagship electric vehicle due to lack of money and supply chain issues, the company . The troubled EV startup-turned-publicly-traded-company said start of production and first deliveries of its FF 91 EV in the United States is now expected in the third or fourth quarte... |
Instagram gets worse with dark patterns lifted from TikTok | Devin Coldewey | 2,022 | 7 | 25 | I, of all people, got a fresh new user interface in the other day. Although the company has not rolled it out to all users yet, the changes seem in line with its intention to move away from : showing as much algorithmically targeted video content as possible and juicing engagement wherever practical. : They’re . I’... |
Peech is a text-to-speech app that actually sounds good | Amanda Silberling | 2,022 | 7 | 25 | When you go into the App Store to download the app, you’ll notice right away that the app’s icon displays the Ukrainian flag along with the company’s simple logo. But this is more than just a show of solidarity. With three Eastern European founders — Andrey Poznyak, Alex Gorbel and Bahram Ismailov — the team behind t... |
VCs and founders alike say investors should fold reproductive rights into ESG standards | Dominic-Madori Davis | 2,022 | 7 | 25 | market investors who adopted environmental, social and corporate governance (ESG) frameworks — — did so to evaluate a potential company or investment on how it approached areas like sustainability or diversity. But now, in the post-Roe era, as controversial conservative legislation sweeps the nation, some VC investo... |
Dead spiders: Nature’s robot hands | Brian Heater | 2,022 | 7 | 25 | This wasn’t a story you were expecting to read today, nor was it one I was expecting to write. Heck, judging from their interviews on the subject, it’s probably fair to say the team of mechanical engineers at Rice University weren’t expecting for their work to take them down this path, either. And yet, here we all are,... |
Private equity descends on Chartbeat | Harri Weber | 2,022 | 7 | 25 | Chartbeat, a website that tells publishers about their readers, is getting the private equity treatment. Launched out of Betaworks , the service offered real-time analytics back when Google Analytics made you wait 24 hours to see who was clicking around your site. Eons later, private equity firm Cuadrilla Capital has ... |
null | Alex Wilhelm | 2,022 | 7 | 22 | null |
Crypto valuations may sink until September as VCs play a waiting game | Jacquelyn Melinek | 2,022 | 7 | 25 | has been raised across the crypto industry in recent months, but there has been a noticeable pause in deployment. That might change in the coming months. As it’s taken longer to close crypto VC deals, valuations across the industry have dropped, according to , venture capital portfolio manager at . Some VCs are taki... |
Can a baby’s cry identify neurological disorders? Ubenwa says ‘yes’ | Andrew Mendez | 2,022 | 7 | 25 | When Charles Onu’s cousin was born with birth asphyxia and later developed a hearing condition, the seed for , an audio biometric company geared at identifying neurological disorders in infants, was also planted. Onu, CEO and co-founder, said he hopes Ubenwa will change the way physicians provide care to infants. “We’... |
Applications to the Startup Battlefield 200 close this week | Lauren Simonds | 2,022 | 7 | 25 | Your chance to step into a huge spotlight of opportunity and industry, investor and media exposure comes to a screeching halt this week. I’m talking about the , a handpicked cohort of companies that will take by storm on October 18–21 in San Francisco. If you think you have what it takes to become part of the exclus... |
Why Clocktower Technology Ventures is still bullish on Latin American fintechs | Anna Heim | 2,022 | 7 | 25 | America’s socioeconomic conditions these days, you can find plenty of reasons to be pessimistic or at least daunted by how much is left to improve. Sure, problems are also opportunities, but what if there are just too many hurdles to overcome in the near future? And yet, despite the worsening global and local macroeco... |
Google is adding new Drive, Docs, Sheets, Slides and Keep optimizations for tablets | Aisha Malik | 2,022 | 7 | 25 | Google announced today that it’s some of its apps to work better on tablets. Google introduced earlier this year to make tablets easier to use, and at I/O, the company to update more than 20 Google apps on tablets to optimize them for larger screens. Today, Google said it’s adding several new features for Drive, D... |
Anker’s new GaNPrime charger lineup is cranking out up to 150 W of power | Haje Jan Kamps | 2,022 | 7 | 25 | Keeping your devices juiced on the go is a perennial challenge for the road warriors among us. Today, is revealing a lineup of chargers that is promising to keep even the most power-hungry sated. The new series uses Gallium Nitride (GaN) for its silicon, which promises much higher power outputs at far lower heat loss... |
How e-commerce brands can outlast this market downturn | Bennett Carroccio | 2,022 | 7 | 25 | in the world are laying employees off. The , inflation is at 8.6%, and economic pessimism is the . For e-commerce brands, the wave of bad economic news is a shot across the bow heralding a major change in consumer spending. Bleak times are ahead. But, I think there’s room for optimism for the brands that make it. Wh... |
An actionable framework for founders bridging into web3 | Doug Petkanics | 2,022 | 7 | 25 | I doubt it’s the first time you’ve been asked that question. It’s been on the lips of a growing number of investors on the hunt for disruptive opportunities blockchain-based technologies can offer. But for founders looking to foray into the world of decentralization, it’s all too easy to become distracted from core bus... |
Why you have to pay attention to the public markets this week | Alex Wilhelm | 2,022 | 7 | 25 | Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. and are back to cover the biggest and most interesting technology, startup and markets news. Sitting as we are on the precipice of a huge data dump, we had lots to chat through! No live... |
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