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This co-worker does not exist: FBI warns of deepfakes interviewing for tech jobs | Devin Coldewey | 2,022 | 6 | 28 | A lot of people are worried about the prospect of competing with AI for their jobs, but this probably isn’t what they were expecting. The FBI has warned of an uptick in cases where “deepfakes” and stolen personal information are being used to apply for jobs in the U.S. — including faking video interviews. Don’t dust of... |
TechCrunch+ roundup: CEO pregnancy checklist, decision-tree planning, reassessing valuations | Walter Thompson | 2,022 | 6 | 28 | Property technology has radically impacted the way we live and travel, but the real estate industry has successfully resisted most attempts to innovate. Prospective homeowners can qualify for mortgages from their mobile phones, but until there are more companies to help them find affordable housing or adequately plan f... |
The UK wants to boost AI development by removing data mining hurdles | Paul Sawers | 2,022 | 6 | 28 | The U.K. is planning to tweak an existing law to allow text and data mining “for any purpose,” in a move that’s designed to boost artificial intelligence (AI) development across the country. The constitutes part of a broader strategy to and transform the U.K. into what it calls a “global AI superpower” — and part o... |
null | Aria Alamalhodaei | 2,022 | 6 | 16 | null |
Amazon reportedly plans to hold a second Prime shopping event in the fall | Aisha Malik | 2,022 | 6 | 28 | Amazon is reportedly planning to hold two Prime shopping events this year, according to a report from . The online retailer already revealed the and is said to be planning to hold a second shopping event for Prime members in the fall. The second event would mark the first time that the company will hold two Prime Da... |
Volkswagen, Siemens invest $450M into Electrify America in EV charging push | Jaclyn Trop | 2,022 | 6 | 28 | Volkswagen Group subsidiary Electrify America said Tuesday it raised $450 million in a deal that includes its first external investor as it aims to accelerate its rollout of ultra-fast charging stations in the U.S. and Canada. The deal, which values North America’s largest ultra-fast EV charging network at $2.45 billio... |
Facebook Groups gains a new channels feature to enable users to connect in focused settings | Aisha Malik | 2,022 | 6 | 28 | Facebook announced today that it’s introducing new features for Facebook Groups, including “Channels” that will let users connect with each other in smaller settings. Admins can create channels to connect with their groups in more casual settings within their communities to have more focused discussions. There are thre... |
OK, whose rocket just hit the moon? | Devin Coldewey | 2,022 | 6 | 28 | You know you’re living in the space age when a rocket hits the moon, and the industry as a whole points to the sky and, like an angry teacher holding up a paper airplane, asks “Who launched this?!” Truly, that is what occurred this week as an unidentified rocket stage (!) impacted the lunar surface, and leaving us al... |
Coalition wants to make more women operators and investors at the same damn time | Natasha Mascarenhas | 2,022 | 6 | 28 | Coalition In 2020, Thrive Capital asked a cohort of folks — including Glossier VP of Communications , Cityblock Health co-founder , Umbrella co-founder and Tribe AI co-founder — if they wanted to be scouts, or invest tiny checks on behalf of the firm with a potential for shared upside. Instead, the four-person g... |
Sounding Board founder is working to unlock executive coaching for all leaders | Maggie Stamets | 2,022 | 6 | 28 | Welcome Back to Found, the TechCrunch podcast where we get the stories behind the startups. Christine Tao knows good leaders have good executive coaches. She founded Sounding Board to make it easier for companies to manage, scale, and measure leadership coaching on one unified platform. This week, she talks to Darrell ... |
Meta is launching a digital clothing store where you can purchase outfits for your avatar | Aisha Malik | 2,022 | 6 | 17 | Meta CEO Mark Zuckerberg today that the company is launching a digital designer clothing store called the “Meta Avatars Store.” Zuckerberg made the announcement during an Instagram Live with Instagram’s vice president of fashion partnerships Eva Chen. It’s unknown how many people will actually want to fork out money ... |
Daily Crunch: Citing ‘overreaching activism,’ SpaceX reportedly fires workers who decried Musk’s behavior | Haje Jan Kamps | 2,022 | 6 | 17 | There we go, today it’s Friday! We’re planning to spend some quality time with a headset and a collection of amazing , enthusiastically curated and collected by . We’re taking Monday off for Juneteenth. If you’re outside the U.S. (or not fully up to speed inside the U.S., for that matter), . Also, Haje appears to be... |
Layoffs hit crypto and real estate tech particularly hard this week | Amanda Silberling | 2,022 | 6 | 17 | Hey Siri, when does a “macroeconomic downturn” become a “recession”? It’s another bleak week for startups weathering dismal tech stocks and even worse cryptocurrency prices. But let’s start with some good news: your against COVID-19! Back to the bad news: We’re writing , because once again, there’s been enough... |
Black founders are seeing a decrease in funding amid economic downturn | Dominic-Madori Davis | 2,022 | 6 | 17 | Black entrepreneurs saw a dramatic decrease in funding this year as investors continue to pull back. So far, shows Black startups received $324 million in VC funds in the second quarter, a steep decrease from the $1.2 billion received in Q1 this year and substantially below the $866 million the founder cohort raised... |
TechCrunch+ roundup: Food tech smorgasbord, VCs squeeze crypto founders, startup layoffs 101 | Walter Thompson | 2,022 | 6 | 17 | Most of us have a variety of fermented food products in our kitchen: you can’t make tofu, chocolate, vinegar or bread without agreeable microorganisms that can be produced at scale. Today, precision fermentation is innovating the alternative protein industry as food tech startups find the best methods for brewing eggs,... |
Grace debuts privacy-focused parental controls for iOS devices built with Apple’s Screen Time API | Sarah Perez | 2,022 | 6 | 17 | A new startup called is launching to make it easier for parents to monitor and manage their kids’ screen time and app usage on iOS devices. Although Apple offers built-in parental controls, many parents would prefer an app-based solution as opposed to having to dig around in the settings for Apple’s tools. In additio... |
Brex leaving adrift some SMB customers roils corporate spend market | Alex Wilhelm | 2,022 | 6 | 17 | exit the SMB market has caught its customers, market observers and even its competitors by surprise. And while the affected customers scramble to move their assets off Brex’s platform, its rivals are taking aim at the fintech and the market it’s leaving behind. The decacorn’s decision puts a into play, meaning that ... |
TikTok moves all US traffic to Oracle servers, amid new claims user data was accessed from China | Manish Singh | 2,022 | 6 | 17 | TikTok said on Friday it is moving U.S. users’ data to Oracle servers stored in the United States. Overshadowing its migration announcement was a damning report that followed, claiming that TikTok staff in China had access to its U.S. users’ data as recently as this January. The report from , which cites recordings fr... |
Marc Lore’s food delivery startup Wonder raises $350M at a $3.5B valuation | Aisha Malik | 2,022 | 6 | 17 | New York-based , a mobile restaurant delivery service led by Marc Lore, has raised in Series B funding. The company is now worth about $3.5 billion, according to . The funding round was led by Bain Capital Ventures and included participation from Accel, Alpine Group, Amex Ventures, Forerunner, General Catalyst, GV,... |
Senators call for US to adopt common charger | Brian Heater | 2,022 | 6 | 17 | A little over a week ago, the European Union that will require hardware manufactures to adopt a common charger — specifically the USB-C standard — by 2024. Yesterday, a trio of Democratic senators sent to Commerce Secretary Gina Raimondo urging that the United States follow suit. The letter, signed by Bernie Sander... |
An inside look at 2150 VC’s bet on urban tech to tackle the climate crisis | Anna Heim | 2,022 | 6 | 17 | of unicorns, and you may have heard of . But have you heard of gigacorns? Unlike its other more common cousins, the term “gigacorn” doesn’t refer to valuation. Instead, it tells us how well a startup can help fight carbon dioxide emissions, climate change and its implications. According to venture capitalist Christia... |
Black Gen Z VCs are here and swinging for the fences | Dominic-Madori Davis | 2,022 | 6 | 17 | in the pandemic, came across a job she’d never heard of before: venture capitalist investor. The pandemic ensured she had time, and intrigued by the profession, she started teaching herself the trade. She soon realized it was a way to build wealth, and as a young Black woman, it was also a viable career path to whic... |
Researchers say Hermit, a powerful mobile spyware, is used by governments | Zack Whittaker | 2,022 | 6 | 17 | Security researchers at Lookout have released new details about an Android spyware deployed in targeted attacks by national governments, with victims in Kazakhstan, Syria and Italy. The spyware, which Lookout is naming , was first detected in Kazakhstan in April, just months after the Kazakh government violently suppr... |
null | Frederic Lardinois | 2,022 | 6 | 28 | null |
Roku and Walmart partner up to bring shoppable ads to streaming | Lauren Forristal | 2,022 | 6 | 17 | and Walmart a new partnership that aims to crack the code on making purchases via TV streaming and shopping with remotes. On Thursday, the two companies introduced their plan to allow viewers to purchase items with their remotes while streaming on Roku devices. The deal is expected to unite Roku’s streaming platform... |
TechCrunch podcasts roundup: Aaron Levie on web3, more from WWDC and the LatAm startup scene | Henry Pickavet | 2,022 | 6 | 17 | This week, Darrell mixes it up and talks with Kurt Knight who isn’t a TC writer but is the senior director of Platform Product Marketing at Apple who comes on to talk about WWDC and updates to Apple’s Continuity. We also talk with Lucas Matney about the former OpenSea exec whose arrest has the crypto world worried. And... |
As Brex exits the SMB space, its CEO says that doesn’t include startups … at least the funded ones | Mary Ann Azevedo | 2,022 | 6 | 17 | Brex’s decision to surprised many in the startup and fintech community. TechCrunch spoke with CEO and co-founder Henrique Dubugras to learn more about what drove the decision and to get clarity around exactly who is affected. Firstly, Dubugras emphasized that the company “remains committed to startups.” When asked ab... |
Rsocks, a popular proxy service, was just seized by the DOJ | Carly Page | 2,022 | 6 | 17 | The U.S. Department of Justice has confirmed it has seized and dismantled the infrastructure of a Russian used to hijack millions of devices worldwide for use as proxy servers. According , Rsocks provided its web proxy service — operated by unnamed Russian cybercriminals — by hacking into millions of computers, smar... |
Unified-IO is an AI system that can complete a range of tasks, including generating images | Kyle Wiggers | 2,022 | 6 | 17 | The Allen Institute for AI (AI2), the division within the nonprofit Allen Institute focused on machine learning research, today published its work on an AI system, called Unified-IO, that it claims is among the first to perform a “large and diverse” set of AI tasks. Unified-IO can process and create images, text and ot... |
WhatsApp now lets you hide your profile picture and ‘Last seen’ status from specific people | Aisha Malik | 2,022 | 6 | 17 | WhatsApp this week that it’s rolling out the ability for users to select who from their contact list can see their profile photo, about and “Last seen” status. Prior to the official launch, the new privacy setting was available to select users as part of a limited beta. Up until now, users had three privacy options to... |
Yandex shifts focus to ya.ru as it heads for media exit in Russia | Natasha Lomas | 2,022 | 6 | 17 | TechCrunch has learned that Russia search giant Yandex is to switch from using yandex.ru as its main front page for Russian-speaking users to ya.ru — a less trafficked domain it’s owned since 2000 that, historically, has only hosted a basic search engine page. Imagine if Google decided to de-emphasize google.com in fav... |
A 7-step method for running effective pitch meetings | Nathan Beckord | 2,022 | 6 | 10 | an infectious enthusiasm for fundraising. He believes that when startup founders know how to raise money, they can find the freedom to approach investors with confidence and raise the capital they need to grow their company. Tal developed his methodologies in the course of leading five startups over more than 20 years... |
Wow, Facebook really knows how to give someone a send-off! | Connie Loizos | 2,022 | 6 | 10 | So much for that touching to Sheryl Sandberg that Mark Zuckerberg posted just 9 days ago, when after a 14-year run at Facebook — now Meta Platforms — Sandberg said she was resigning from her post as COO. At the time, Zuckerberg called Sandberg’s planned departure the “the end of an era” and spoke glowingly of her as ... |
QuantumScape loses manufacturing chief over management style mismatch | Kirsten Korosec | 2,022 | 6 | 10 | Celina Mikolajczak, who has held senior roles at Tesla and Panasonic, resigned from QuantumScape less than a year after taking the chief manufacturing officer position at the solid-state battery company, according to a Mikolajczak and QuantumScape are parting ways over “differing management styles between the parties,... |
The first US crypto rewards credit card on the American Express network is here | Anita Ramaswamy | 2,022 | 6 | 10 | Credit card companies are trying to sweeten the perks they offer their customers, and American Express is doing just that through a new partnership with crypto wealth management platform and wallet provider Abra. The companies’ CEOs announced the launch of the Abra Crypto Card on the Amex network today at Coindesk’s Co... |
Daily Crunch: Apple’s M1 chips have an ‘unpatchable’ hardware vulnerability, say MIT researchers | Christine Hall | 2,022 | 6 | 10 | It’s Friday, June 10, 2022, and is on the road, so it’s just me today. Before I let you enjoy the weekend, there are a few housekeeping items to address. First, this year, and today is the last day to raise your hand to speak. Second, if you’re attending next week, we have your inside look on what to expect. Now ... |
Charm Therapeutics applies AI to complex protein interactions, locking down $50M A round | Devin Coldewey | 2,022 | 6 | 10 | The world of AI-powered drug discovery keeps expanding as the capabilities of machine learning grow. One approach that seemed unthinkable just a few years ago is simulating the complicated interplays of two interlocking molecules — but that’s exactly what drug designers need to know about, and exactly what aims to do... |
TechCrunch+ roundup: Growth marketing survey, VC TikTok, fundraising amid a downturn | Walter Thompson | 2,022 | 6 | 10 | According to Crunchbase, more than 17,000 tech workers have lost jobs since the start of this year. That’s painful, but for perspective: TechCrunch tracked between August and December 2008. In my experience, founders and investors usually come out unscathed on the other side of events like these. For below-the-line e... |
Here’s the complete agenda for next week’s TC Sessions: Climate 2022 | Richard Smith | 2,022 | 6 | 10 | they will capture as they grow offers a solution to both challenges. Learn about ex-ante (forward-looking) forestry-based carbon offsets, why they represent new, promising approaches to post-fire forest recovery, and how they provide a better supply of high-quality carbon removal offsets in the marketplace. Sponsored b... |
Netflix announces games tied to its popular shows, including ‘The Queen’s Gambit,’ ‘Shadow and Bone’ and more | Aisha Malik | 2,022 | 6 | 10 | At its annual event, Netflix announced a slew of new titles coming to its gaming service this year. A few of the new games are tied to some of Netflix’s most popular TV shows, including “The Queen’s Gambit,” “Shadow and Bone,” and “Too Hot To Handle.” The streaming service currently has 22 games available and plans t... |
Meta rolls out Horizon Home, making it easier to meet up in the metaverse | Amanda Silberling | 2,022 | 6 | 10 | Meta founder and CEO Mark Zuckerberg that Horizon Home will roll out as part of a new update to the Quest 2 headset. Despite Meta’s insistence that virtual reality is the future of social networking, the Quest 2 hasn’t supported a straight-forward way to socialize so far. You could join a party with friends and galav... |
TechCrunch podcasts this week: Startup grants, a16z’s crypto bet and the art of raising money for groceries | Matt Burns | 2,022 | 6 | 10 | 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... |
Telegram confirms it’ll launch a premium sub this month | Natasha Lomas | 2,022 | 6 | 10 | Free messaging app Telegram is getting into the subscription game. Founder Pavel Durov confirmed today a paid offering is coming later this month which will go above and beyond the current free experience — so a premium offer — without, per the post on , any negative changes to existing features for (non-paying) users... |
Last chance to apply to speak at TechCrunch Disrupt | Lauren Simonds | 2,022 | 6 | 10 | |
If you must conduct layoffs, don’t be a jerk | Amanda Silberling | 2,022 | 6 | 10 | Since our last column, another smattering of tech startups has laid off employees. We get it. Layoffs happen. But as we conduct yet another week of analysis into a depressing time in tech, we’re thinking about how these difficult conversations could be a bit less awful if we learned to prioritize care for workers over ... |
IFC set to invest $26M in Partech’s Africa Fund II | Annie Njanja | 2,022 | 6 | 10 | The International Finance Corporation (IFC), the private sector arm of the World Bank, plans to make an equity investment of up to €25 million ($26.43) into the Partech Africa Fund II (PAF II) by the Paris-based VC firm Partech. The IFC said in the that it’s eyeing a stake not exceeding 20%. The agency said it will c... |
Why it’s so hard to market enterprise AI/ML products and what to do about it | Mike Tong | 2,022 | 6 | 10 | the sales team and growth strategy for a venture-backed AI company called atSpoke. The company, which Okta ultimately acquired, used AI to augment traditional IT services management and internal company communication. At a very early stage, our conversion rate was high. As long as our sales team could talk to a prospe... |
null | Alex Wilhelm | 2,022 | 6 | 17 | null |
Investor demands for profitability catch tech companies flat-footed | Alex Wilhelm | 2,022 | 6 | 10 | are off 25% in pre-market trading today after it reported earnings last night, pushing the value of shares in the e-signature company under pre-COVID levels. Given that the market is valuing DocuSign at a cheaper price than it did in early 2020, you might think that it is struggling. Hardly. Coming off a huge period o... |
Why Porsche is turning to startup builder UP.Labs to solve its biggest problems | Kirsten Korosec | 2,022 | 6 | 10 | John Kuolt hates the term “incubator” — at least when describing UP.Labs, a new venture that launched this week with inaugural partner Porsche. “It has a connotation that we aren’t,” the CEO and founder of UP.Labs told TechCrunch. So what is UP.Labs beyond the “building transformative companies” tagline ? Look closely... |
Peacock confirms a test that rewards paid subscribers with $15 movie tickets or $7 rentals | Lauren Forristal | 2,022 | 6 | 10 | In March, Peacock began testing a new and exclusive that would reward Premium and Premium Plus subscribers with either a free movie ticket via Fandango or an on-demand movie rental through Vudu every month. The NBCU-owned streaming service is rolling it out to additional subscribers as part of a “Summer Test.” “We ar... |
Disney+ rolls out to 16 more markets across the Middle East and North Africa | Lauren Forristal | 2,022 | 6 | 10 | This week, the Walt Disney Company continues to gain ground in the global streaming market as it launches Disney+ in 16 markets across the Middle East and North Africa (MENA). This follows the launch of Disney+ in South Africa last month. The company is inching toward its to more than double the number of countries w... |
Iran to cut electricity to authorized crypto miners | Rita Liao | 2,022 | 6 | 19 | Iran’s relationship with the crypto mining sector is a love-hate one. The government is again restricting crypto mining activity as it tries to ease the strain on the country’s power supply, despite knowing the promise of crypto as a way to evade international sanctions. Electricity to all 118 government-authorized min... |
Rider is taking a nimble approach to e-commerce logistics in Pakistan | Catherine Shu | 2,022 | 6 | 19 | is on a mission to provide online shoppers in Pakistan with “Amazon-like” next-day deliveries. The Karachi-based company announced it has raised $3.1 million in new funding from Y Combinatior, along with new investors i2i, Flexport, Soma Capital and Rebel Fund. Returning investors included GFC, Fatima Gobi and TPL E-v... |
Box CEO Aaron Levie on where web3 doesn’t make sense | Lucas Matney | 2,022 | 6 | 19 | It’s been a rough week for the crypto community as top tokens have seen massive selloffs, pushing some in the space to double down while leaving others to take stock off how the industry got to this point and what widely accepted truths need to be reevaluated as the crypto internet matures. There haven’t been many tech... |
Telegram tops 700 million users, launches premium tier | Manish Singh | 2,022 | 6 | 19 | Telegram has amassed over 700 million monthly active users and is rolling out a premium tier with additional features as the instant messaging platform pushes to monetize a portion of its large user base. The firm did not disclose how much it is charging for the premium tier, but the monthly subscription appears to be ... |
India’s CityMall cuts 191 jobs following $75 million fundraise in late March | Manish Singh | 2,022 | 6 | 19 | Social commerce CityMall, which unveiled a $75 million financing round in late March, is cutting 191 jobs, the latest Indian startup to eliminate roles as it looks to better navigate the sharp reversal in the markets. The Gurugaon-headquartered startup, which has raised over $110 million and counts General Catalyst, No... |
Bill Gates doesn’t know how Elon Musk finds the time and other TC news | Darrell Etherington | 2,022 | 6 | 19 | This week on the TechCrunch Podcast our host, I talk with Bill Gates (yes, that Bill Gates) about whether we can still avoid climate disaster, the importance of crypto and Elon Musk’s time management and social media skills. That conversation is an edited version of the full chat (which you can ) that went down earlie... |
LG Electronics is moving into the EV charging business | Kate Park | 2,022 | 6 | 26 | LG Electronics has acquired AppleMango, a South Korean electric vehicle battery charger developer, as the race to produce everything related to EVs ramps up globally. The acquisition, which was made jointly with GS Energy, an EV charging station operator, and GS Neotek, an IT provider, will allow LG to take advantage o... |
‘How doomed are we?’ and more questions for a climate expert | Harri Weber | 2,022 | 6 | 19 | part to the fossil-fueled cult of obstructionism, we’re on track to blow past the 1.5 degrees Celsius global-warming threshold laid out in the 2016 Paris Agreement. Without sweeping change, we can expect “more melting ice, higher sea levels, more heatwaves and other extreme weather,” per the World Meteorological Organ... |
Why did Brex really decide to ditch SMBs? | Mary Ann Azevedo | 2,022 | 6 | 19 | Last week was a true roller-coaster ride in the world of fintech. It felt like for every funding round that I covered, I also reported on a layoff. Real estate tech companies Redfin and Compass combined let go of over 900 workers while Notarize and Wealthsimple conducted staff cuts of their own. In the contradictory wo... |
null | Mary Ann Azevedo | 2,022 | 6 | 10 | null |
Why LFP batteries are poised to bring down entry-level EV prices | Jaclyn Trop | 2,022 | 6 | 26 | and safer battery technology already dominating China’s electric vehicle industry is now poised to reshape battery manufacturing worldwide and boost EV sales in the United States — if the global lithium supply remains stable. A slew of patents for lithium-iron-phosphate (LFP) chemistries due to expire in 2022 could sh... |
Planning for the Impossible | Brian Heater | 2,022 | 6 | 19 | before stepping aside from his longstanding position as CEO, Impossible Foods founder and current CVO (that’s chief visionary officer, as it were) Pat Brown published a research paper co-authored with UC Berkeley professor of genetics and development Michael B. Eisen. The carried a decidedly unwieldy title: “Rapid g... |
Deliveree is smoothing Southeast Asia’s bumpy logistics landscape | Catherine Shu | 2,022 | 6 | 26 | Logistics in much of Southeast Asia is not only complicated, but also expensive. wants to solve that problem with a platform that not only lets clients book trucks, but also uses algorithms to determine the best route based on location, trucking loads and even the weather. The company announced today that it has rais... |
Google News launches a new desktop design with topic customization | Ivan Mehta | 2,022 | 6 | 21 | Google News is refreshing its desktop site with a new design that allows you to track global and local news on one screen. The redesign puts Your Briefing, Local news and Top Picks section on a single page in different columns so it’s easier to catch up with news on topics and regions you care about. Until now, if you ... |
Backstage Capital cuts majority of staff after pausing net new investments | Natasha Mascarenhas | 2,022 | 6 | 26 | has downsized its staff from 12 to three people, managing partner and founder said during her that was published Sunday. The layoff comes nearly three months after Backstage Capital to only participate in follow-on rounds of existing portfolios. This workforce reduction further underscores that the venture capital... |
Web3 artist Latashá on educating creators about crypto’s ebbs and flows | Anita Ramaswamy | 2,022 | 6 | 26 | Despite all the controversy surrounding the crypto world, one obvious bright spot of blockchain technology has been its ability to support creators and artists in monetizing their work. Rapper and visual artist , our guest on the latest episode of the podcast, is a living embodiment of web3’s potential to support in... |
Fintech investors appear to be favoring later-stage deals as sector takes a hit, recent data shows | Mary Ann Azevedo | 2,022 | 6 | 26 | I was mostly off this past week, so this edition of The Interchange may be slightly less dense than normal. Some observations, though. We saw fewer layoffs, but also less fintech-related news in general. Things were generally pretty quiet and not filled with as much controversy as weeks past. Honestly, we’re really eag... |
Red Sox CTO: Baseball teams need modern tech stack as much as any other biz | Ron Miller | 2,022 | 6 | 26 | Major League Baseball team like the Boston Red Sox is built on a steady diet of data and analytics — this is true on the field just as much as in the front office. While the main focus of a professional baseball club is building a competitive team that takes advantage of the unique talents of each player, when you get... |
Vietnam-based Anfin makes stock investing accessible | Catherine Shu | 2,022 | 6 | 21 | Image Credits: Anfin Based in Vietnam, wants to turn more people into stock investors with features like fractional trading and in-app communities. The Y Combinator alum announced today it has raised a $4.8 million pre-Series A led by angel investor Clement Benoit, the founder of Stuart and Not So Dark, and Y Combina... |
Activision Blizzard shareholders reject board seat for employees | Amanda Silberling | 2,022 | 6 | 21 | As Activision Blizzard faces numerous sexual harassment and , employee activists have rallied to get a seat on the company board to represent the voice of the staff. Despite major victories, like testers of Raven Software QA, an Activision division, at a major U.S. gaming company, shareholders quashed the organize... |
3 tips for biotech startups seeking non-dilutive capital to weather the downturn | Dr. James Coates | 2,022 | 6 | 21 | of your biotech startup through a market collapse means more than just raising capital or rushing to close your round. I perform due diligence on dozens of life science companies each week whose technologies might help future-proof the world against the next biothreat, pandemic or otherwise. I see everything from neur... |
Accel is rolling out a new, $4 billion late-stage fund, just as certain rivals lose momentum | Connie Loizos | 2,022 | 6 | 21 | Accel, the 39-year-old venture firm, just pulled a major power move. It announced, via a simple , that it has just closed a new, global, late-stage fund with $4 billion in capital commitments. The fund, which closed last week, would be notable in any market. It’s a lot of money. But at a moment when two of Accel’s —... |
It’s time to talk about consolidation in the EV charging industry | Rebecca Bellan | 2,022 | 6 | 21 | President Joe Biden’s infrastructure bill included a $7.5 billion tranche of cash set aside to build out a national network of 500,000 electric vehicle chargers. Ever since Biden signed the bill into law, EV charging companies have been quickening their pace, eager to take advantage of national momentum and federal fun... |
Uniswap acquires NFT marketplace aggregator Genie | Lucas Matney | 2,022 | 6 | 21 | The past few weeks have been a dark time for NFT lovers and players in the cryptocurrency industry, but for startups and executives that are dug into the vision of a crypto future, it’s also been an opportunity to double down. This week, Uniswap announced that it has made a new acquisition, for an undisclosed sum. Th... |
CEO and COO of Pornhub parent company MindGeek abruptly resign | Devin Coldewey | 2,022 | 6 | 21 | The CEO and COO of MindGeek, the parent company of porn streaming giant Pornhub and others like it, have abruptly and unceremoniously resigned. The company says the departures were planned, but a last week gives them the air of leaving the scene of an accident. , which MindGeek confirmed to TechCrunch. CEO Feras Anto... |
Personio nabs $200M at a $8.5B valuation as its HR for small businesses hits the big time | Ingrid Lunden | 2,022 | 6 | 21 | — a startup out of Munich, Germany that styles itself as a Workday and ServiceNow focused on the small and medium businesses of the world — went on a funding tear through the COVID-19 pandemic after its recruiting, payroll, people management, development and training, workflow automation and other HR tools found tract... |
Daily Crunch: With $153M Series C, LeadSquared becomes India’s newest unicorn | Haje Jan Kamps | 2,022 | 6 | 21 | Good afternoon, you fine humans! We hope you had a lovely weekend. Christine is off on a well-deserved holiday, and I’m going to be working on some special projects for a few weeks (including my tan and my surfing skills), so starting tomorrow, we will leave this fair newsletter in the capable hands of . Give the man ... |
Long-term angel investing: Understanding capital requirements and how to find quality investments | Adam Nash | 2,022 | 6 | 21 | There are three primary benefits to angel investing if you work in the technology industry: financial, educational and professional. Which benefits are most important to you will dramatically shape your approach as an investor. Everyone dreams of being a seed investor in companies like Google or Facebook, but the real... |
OpenView’s Kyle Poyar shares how to build a standout software company in the 2020s | Kyle Poyar | 2,022 | 6 | 21 | that 2022 has been a brutal year for software companies. Valuations have been slashed, inflation keeps climbing and layoff announcements abound. The whispers of a potential recession have morphed into full-throated shouts. Once high-flying companies now struggle to attract new capital to sustain their growth, causing ... |
TechCrunch+ roundup: Downturn strategy, recycling startup boom, better board meetings | Walter Thompson | 2,022 | 6 | 21 | We last updated our submission guidelines for TechCrunch+ guest posts in June 2021, but the world has changed a lot since then. These are uncertain times, but experience is the best teacher, which is why we’re looking for guest articles that can help others navigate this downturn. Because the stakes are so high, we are... |
The Obamas are leaving Spotify for Audible | Igor Bonifacic | 2,022 | 6 | 21 | Barack and Michelle Obama are heading to Audible. On Tuesday, the Amazon-owned company an exclusive multiyear first-look production deal with the former first couple’s Higher Ground media company. The deal comes after it came out that the Obamas and Spotify had decided not to extend their exclusive podcast partnershi... |
Former Tesla worker rejects $15M payout in racial abuse lawsuit | Rebecca Bellan | 2,022 | 6 | 21 | A Black former worker at Tesla’s Fremont, California assembly plant has rejected a $15 million payout from the automaker in a lawsuit alleging racial abuse by co-workers. A judge gave the worker, Owen Diaz, to accept the award, which had been slashed from the Rather than being able to close the book on this one, Dia... |
Better.com loses three more senior executives, including SVP and VP of sales | Mary Ann Azevedo | 2,022 | 6 | 21 | Three more senior executives of digital mortgage lender Better.com have resigned, multiple sources tell TechCrunch. Those three executives are: , general manager of Better’s affiliate businesses known as Better+, which consists of its title/settlement, insurance and home inspection departments; , who was senior vice ... |
AELER wins the TC Sessions: Climate Virtual Pitch-Off | Neesha A. Tambe | 2,022 | 6 | 21 | TechCrunch is pleased to announce the winner of the TechCrunch Sessions: Climate virtual pitch-off — AELER. As a part of the prize, AELER gets free exhibition space at TechCrunch Disrupt, a spot in the TechCrunch Startup Battlefield 200 and bragging rights. You can watch the pitches from last week at the end of this po... |
Brex CEO Henrique Dubugras will share his company’s founding story at TechCrunch Disrupt | Lauren Simonds | 2,022 | 6 | 21 | Successful founder stories are a trove of information and inspiration. They’re also a map of sorts, one that provides insight into the challenges of navigating the complex startup landscape. Hearing about the triumphs and challenges — and the inevitable missteps — can help new and aspiring early-stage founders stay the... |
Twitter to expand into long-form content with upcoming Twitter Notes feature (Update: confirmed) | Sarah Perez | 2,022 | 6 | 21 | In what could be one of Twitter’s more significant changes since from 140 to 280 characters, the company is preparing to launch a new feature that would support the direct publishing of long-form content on its platform. With Twitter Notes, as the upcoming feature is called, users will be able to create articles usin... |
US Energy Sec. Granholm still ‘bullish’ Congress can ink ‘significant’ climate deal | Harri Weber | 2,022 | 6 | 21 | Before Congress breaks for August recess, Democrats have said they hope to reach a deal on a budget reconciliation bill. Effectively reviving aspects of the Build Back Better bill that died in the Senate last year, the legislation may include tax credits to and funds for renewable energy production. The specifics, ... |
TikTok found to fuel disinformation, political tension in Kenya ahead of elections | Annie Njanja | 2,022 | 6 | 7 | TikTok is fueling disinformation and political tension in Kenya ahead of its August general elections, by Mozilla Foundation says. Mozilla made the conclusion after reviewing 130 highly watched videos sharing content filled with hate speech, incitement and political disinformation. This contradicts TikTok’s policy ag... |
India’s central bank to allow linking credit cards with UPI | Manish Singh | 2,022 | 6 | 7 | India’s central bank proposed on Wednesday an integration between UPI and credit cards in a significant boost for a fast-growing payments protocol that has become the most popular way individuals in the South Asian market transact online. “UPI facilitates transactions by linking savings or current accounts through user... |
Former Better.com exec alleges company misled investors ahead of SPAC | Mary Ann Azevedo | 2,022 | 6 | 7 | Meanwhile, In recent months, numerous parties have reached out to TechCrunch, including customers who say they lost money when the company botched their house closing, former employees who say they have not been awarded stock options that were owed to them and still others who say they can’t collect unemployment beca... |
Thailand’s Salary Hero is an earned wage access startup that wants to add neobanking products | Catherine Shu | 2,022 | 6 | 7 | wants to provide lower-income Thai workers with more financial flexibility. The startup, which focuses on earned wage access and finance education, with plans to add neobanking products as well, announced today it has raised $2.8 million. The funding included participation from Global Founders Capital, M Venture Partn... |
Instagram’s ‘sensitive content’ controls will soon filter all recommended content | Taylor Hatmaker | 2,022 | 6 | 7 | Last year, Instagram added a way for users to filter some kinds of “sensitive” content . Now, Instagram is expanding that setting, letting users turn off that content in recommendations throughout the app. Instagram doesn’t offer much transparency around how it defines sensitive content or what even counts. When it in... |
Judge says former Tesla worker has 2 weeks to accept $15M payout over racial abuse | Rebecca Bellan | 2,022 | 6 | 7 | A federal judge told Owen Diaz, a former elevator operator at Tesla, that he has 2 weeks to decide whether he wants to accept $15 million in damages over racial abuse at the automaker’s Fremont, California, factory, according to a court filing on Tuesday. In October last year, a San Francisco federal court jury ordered... |
Solana launches $100M investment and grant fund for South Korean web3 startups | Jacquelyn Melinek | 2,022 | 6 | 7 | The crypto market has been quite volatile over the past few months, but users are still holding strong and investors aren’t backing down. Solana is the latest to bring money into the system. Solana Ventures and Solana Foundation have set up a $100 million investment and grant fund to deploy capital into South Korean we... |
Bird is laying off 23% of staff | Rebecca Bellan | 2,022 | 6 | 7 | Shared micromobility company Bird plans to layoff 23% of its staff, . The tech tracker attributes the news of the layoffs to an internal memo, but certain confirm that the layoffs have already begun, and they’re hitting everyone from senior managers to new hires across different business divisions. Bird has also con... |
Daily Crunch: Oracle dives deeply into healthcare after closing $28B Cerner acquisition | Christine Hall | 2,022 | 6 | 7 | Hi there, and welcome to another Daily Crunch, this time for Tuesday June 7, 2022. The past 24 hours have had a lot of Apple news in them, and we’ve got comprehensive coverage on that front — but we also have a veritable cornucopia of other news from across the startup-o-sphere, so let’s get right into it! — and Bes... |
Sarah Guo joins the wave of women leaving venture jobs to launch their own funds | Rebecca Szkutak | 2,022 | 6 | 7 | Sarah Guo is the latest woman to depart their position at a venture capital firm with plans to launch one of their own. On Tuesday, Guo announced on and that she is stepping down from her position as a general partner at enterprise-focused Greylock Partners to continue investing in startups as she works to build so... |
6 reasons to invest in startups from Ukraine | Oleksandr Yaroshenko | 2,022 | 6 | 7 | three months, Ukraine has been engulfed in the flames of a war with Russia. That might look like a red flag from an investor’s point of view, but everything is not so black and white in the country’s tech sector. Tech companies with Ukrainian roots and core markets in the U.S. and Europe continue to operate uninterrup... |
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