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How can fintech startups outlast the VC winter? | Peter Hazlehurst | 2,023 | 1 | 9 | of free money is over. Venture funding declined by $90 billion (53%) in the third quarter of 2022 from a year earlier and fell $40 billion (33%) compared to the second quarter, . That makes Q3 2022 the slowest quarter for VC funding since the start of the pandemic. However, in spite of all the crazy stories this year... |
EcoFlow teases full-house battery backup coming later this year | Haje Jan Kamps | 2,023 | 1 | 5 | special launch event, home backup power giant launched a flurry of new products, including a “Whole-Home Backup Power Solution.” The company also launched a battery-powered fridge and a portable battery-powered air-conditioning unit, which both makes sense. There’s also a lawn mower, which makes me think that preppe... |
Singapore-based Alterpacks turns food waste into food containers | Catherine Shu | 2,023 | 1 | 3 | and take up a significant portion of the world’s landfills. Alterpacks is tackling both issues with technology that turns food waste into takeout boxes and other containers. The Singapore-based startup has raised $1 million in pre-seed funding led by Plug and Play APAC and Seed Capital, with participation from Earth ... |
Tier Mobility and Spin lay off 100 more employees | Rebecca Bellan | 2,023 | 1 | 25 | Around a year ago, Tier Mobility was winning the shared micromobility game. Fueled by its fundraise in October 2021, the company went on to acquire and a , giving it access to e-bikes — a reach that extended beyond Europe and into the U.S. — and the tech needed to assuage politicians’ fears over safety. Today, Tie... |
Google spares three Area 120 R&D projects, including team working on a ‘Gen Z consumer product’ | Sarah Perez | 2,023 | 1 | 25 | Last week, we learned Google’s in-house R&D group, Area 120, had by the broader , impacting teams working on some of Google’s more experimental ideas. However, we understand now that at least three Area 120 projects have been spared from these latest cuts and will go on to “graduate” to other parts of Google later t... |
Harman’s driver-monitoring system can measure your heart rate | Rebecca Bellan | 2,023 | 1 | 4 | , a Samsung subsidiary that specializes in connected car technology and other IoT solutions, revealed at a suite of automotive features geared toward enhancing the health and safety of drivers and passengers, including an advanced driver-monitoring system (DMS) that can measure a driver’s heart and breath rate. Harma... |
Icoma shows off a suitcase-sized electric Transformer-style motorbike | Haje Jan Kamps | 2,023 | 1 | 3 | ’s Tatamel bike goes from a suitcase-sized square to a tiny electric motorcycle in a few seconds. Charge it for three hours, and it’ll zip you 18 miles or so. The price tag is $4,000, which puts it in the range of extremely high-end electric kick scooters (such as the ) without the portability benefits. It’ll be very ... |
Mercedes-Benz plots ‘global’ EV charging network with 10,000 chargers by 2030 | Harri Weber | 2,023 | 1 | 5 | Today at , a great-Big Tech conference in Vegas, Mercedes-Benz announced its answer to range anxiety and the great electric-vehicle charger shortage. Following the likes of Tesla and , the German automaker shared a plan to develop a 10,000-charger network by 2030, starting with the U.S. and Canada and later expanding... |
Goodyear, Gatik say tire tech is key to bringing AVs to winter climates | Rebecca Bellan | 2,023 | 1 | 4 | Cars become an extension of the body when humans drive; we can feel the lack of grip in our car’s tires when driving over icy or wet roads. Autonomous vehicles don’t exactly have the same sensory abilities, which is one of the reasons why most AV testing and deployment happens in sunny climates. , an autonomous truckin... |
BMW unveils Dee prototype, ‘the next level of human-machine interaction’ | Rebecca Bellan | 2,023 | 1 | 4 | BMW revealed a prototype for the i Vision Dee concept car during the automaker’s keynote at on Wednesday evening. The four-door sedan came out onstage in a crisp white, but later morphed into a variety of colors and patterns to show off Dee’s E Ink technology, which will allow car owners to configure the car’s exteri... |
All the tech (and other flashy features) stuffed into the Ram 1500 Revolution EV truck | Kirsten Korosec | 2,023 | 1 | 8 | Stellantis revealed during its answer to an increasingly crowded battery-electric truck market: A broad-shouldered pickup loaded with tech, a longer cabin with third-row jump seats, cup holders in the frunk and even a movie projector. The Ram 1500 Revolution BEV concept isn’t exactly what the Stellantis brand plans t... |
Stellantis to mass produce Archer’s electric aircraft in expanded deal | Kirsten Korosec | 2,023 | 1 | 4 | Global automaker Stellantis will mass produce an electric vehicle take-off and landing aircraft for Archer Aviation as part of an expanded partnership that includes giving the startup-turned-publicly traded company access to up to $150 million in additional capital over the next two years. The agreement, announced Wedn... |
The Volkswagen all-electric ID 7 sedan’s most interesting feature isn’t its light-up paint | Kirsten Korosec | 2,023 | 1 | 3 | The all-electric Volkswagen ID 7 sedan — the next EV in the German automaker’s lineup — was unveiled Tuesday at CES 2023 in Las Vegas. And the most exciting part of the debut wasn’t the vehicle’s multilayered explosion of yellow, orange, red and blue camouflaged electroluminescent paint that lights up on command (altho... |
BMW reimagines the head-up display | Frederic Lardinois | 2,023 | 1 | 4 | At CES today, BMW unveiled its new i Vision Dee concept car, an E Ink-clad four-door sedan that can shift colors on demand. Why “Dee?” you surely ask. It stands for Digital Emotional Experience. We’ll leave it at that, but what matters here is that it’s BMW’s platform for showing off its new head-up display, which is a... |
Google launches HD maps for vehicles, Volvo and Polestar first to integrate | Matt Burns | 2,023 | 1 | 5 | Google is announcing today an HD version of its vehicle mapping solution. Unlike Google Maps, Google’s HD map is not a consuming-facing application but an additional layer of data that’s served to the vehicle’s L2+ or L3 assisted-driving systems through Google Automotive Services. The additional information sits on top... |
New Android Auto features give car display a user-design makeover | Rebecca Bellan | 2,023 | 1 | 5 | Google is rolling out new Android Auto features Thursday that make it easier for drivers to navigate, play podcasts and music, and communicate while on the go. The new user experience design update, which was first previewed in May , features a split-screen layout that displays directions, music and texts — the essent... |
Holoride launches new device to bring VR entertainment to any vehicle | Kirsten Korosec | 2,023 | 1 | 4 | Holoride, the Audi-backed startup, is ready to take its in-vehicle virtual reality entertainment system into the mainstream. The company unveiled Wednesday at CES 2023 in Las Vegas a device about the size of a smart speaker that can be retrofitted into any vehicle to make it VR ready. The product marks a turning point ... |
What Luminar’s acquisition of startup Civil Maps means for its lidar future | Kirsten Korosec | 2,023 | 1 | 4 | As lidar company Luminar pushed ahead to meet its goals for 2022 — milestones that included locking in new commercial contracts with unnamed automakers and shipping production-ready sensors to SAIC — it also snapped up a small HD mapping startup called . The acquisition, which was disclosed Wednesday during Luminar fo... |
Foxconn-built EVs will feature Nvidia’s self-driving toolkit | Rebecca Bellan | 2,023 | 1 | 3 | Taiwanese manufacturer Foxconn and Nvidia announced Tuesday, ahead of , a partnership to develop automated and autonomous vehicle platforms. Under the two-part partnership, Foxconn will become a primary supplier of electronic control units for automakers. Those ECUs, which are an essential component for all modern veh... |
Finding Vegas VR nirvana in the backseat of a ’67 DeVille at CES 2023 | Tim Stevens | 2,023 | 1 | 6 | Being driven around the gridlocked-streets of Las Vegas during CES can be nauseating — at the best of times. But doing so with a virtual reality headset blocking your view? Certainly, it’s a recipe for disaster. I don’t have the strongest of stomachs; I pack Dramamine wherever I go. So it was with more than a little tr... |
Mercedes to use Nvidia’s digital twin tech to modernize its factories | Rebecca Bellan | 2,023 | 1 | 3 | Mercedes-Benz is joining the metaverse. Or at least its assembly facilities are. The automaker is one of Nvidia’s latest customers to use Enterprise, a software platform used to build and operate metaverse applications. Nvidia said Tuesday ahead of the official kickoff of that Mercedes will use Omniverse to design,... |
This is Chrysler’s vision for your future car cabin | Kirsten Korosec | 2,023 | 1 | 3 | One year ago at CES in Las Vegas, Stellantis showed the world what a Chrysler EV might look like — a transformation that will occur by 2028 when it becomes an . Now we’re getting a peek at the company’s vision for future car cabins. The upshot? Chrysler, the 97-year-old brand under global automaker Stellantis, wants i... |
Stellantis launches new business unit to turn your vehicle data into cash | Kirsten Korosec | 2,023 | 1 | 5 | Stellantis is launching a new business unit dedicated to turning all that vehicle data into marketable products — and revenue. The business unit called Mobilisights, which was announced Thursday at in Las Vegas, is a key piece of the global automaker’s bid to generate 20 billion euro in annual revenue from software-r... |
Stellantis’ Free2move expands car-sharing and subscriptions in U.S. | Rebecca Bellan | 2,023 | 1 | 5 | Free2move, the mobility service brand under automaker Stellantis, plans to expand its car sharing, rental and in 2023, with the ultimate goal of adding 200 new mobility markets globally by 2030, the company said . Early this year, Free2move will launch all three services in Dallas and Pasadena. Currently, the compan... |
From cloud computing to proptech: DigitalOcean co-founders raise $29M for Welcome Homes | Mary Ann Azevedo | 2,023 | 1 | 12 | When Alec Hartman first decided he wanted a house after his first child was born several years ago, he was surprised by the lack of options. “I didn’t like anything I saw, and I wanted a new house and I couldn’t get one,” he recalls. “And like every crazy tech person, you have to ask questions like, ‘Why can’t I go onl... |
Samsung’s new washer captures microplastics from your dirty laundry | Harri Weber | 2,023 | 1 | 4 | Unless you live in a natural fibers–only household, your laundry is likely exacerbating an environmental crisis with each wash. The terrible microplastics mess we’re making — thanks in great part to the rise of synthetic clothing — apparently inspired Samsung to develop some new washing machine tech, which it called a ... |
African gaming startup Carry1st raises $27M from Bitkraft Ventures and a16z | Tage Kene-Okafor | 2,023 | 1 | 17 | South African music artiste Nasty C (far left); Carry1st co-founder and COO Lucy Hoffman (far right). Carry1st fictionalized Donald Trump and Speaking on the investment, Jens Hilgers, the founding general partner at BITKRAFT Ventures, said: “Africa is home to the largest population of young people in the world, an... |
Alexa, find me an EV charging station | Rebecca Bellan | 2,023 | 1 | 5 | Amazon’s conversational voice assistant, Alexa, has made its way into in recent years. Now, along with ordering Alexa to “play ‘Despacito’” or “call Mom,” EV drivers in the U.S. with Alexa-enabled cars will be able to ask Alexa to find the nearest public charging spot. Charging network EVgo will be the first to partn... |
Dungeons & Dragons content creators are fighting to protect their livelihoods | Amanda Silberling | 2,023 | 1 | 12 | on the periphery for the nerdiest of nerds, Dungeons & Dragons has exploded into the mainstream. Much of this success is owed to the podcasters, Twitch streamers and writers who have embraced the fantasy framework to tell collaborative stories at the whims of their dice rolls, inspiring massive renewed interest in the... |
Nvidia helps Hyundai, BYD, Polestar join the in-car gaming revolution | Rebecca Bellan | 2,023 | 1 | 3 | Nvidia’s on-demand cloud gaming service, known as , is headed to select Hyundai, BYD and Polestar electric vehicles, the company said Tuesday ahead of in Las Vegas. The announcement, while lacking details on timelines or vehicle models, is notable because it marks the first time Nvidia is expanding its GeForce Now s... |
Don’t be sucked in by AI’s head-spinning hype cycles | Devin Coldewey | 2,023 | 1 | 25 | The last year was a roller-coaster ride in the AI world, and no doubt many people are dizzied by the number of advances and reversals, the constant hype and equally constant fearmongering. But let’s take a step back: AI is a powerful and promising new technology, but the conversation isn’t always genuine, and it’s gene... |
Twitter partners with DoubleVerify and IAS on brand safety initiative amid advertiser exits | Ivan Mehta | 2,023 | 1 | 25 | Amid declining ad revenue and , Twitter announced today that it has teamed up with adtech companies and to tell advertisers if their ad is placed around inappropriate content. The program, available first for U.S.-based advertising campaigns, allows brands to analyze the content adjacent to — primarily tweets abov... |
The rise of product-led sales, or why product-led growth requires a sales makeover | Anna Heim | 2,023 | 1 | 25 | B2B is looking a lot more than B2C these days: From Figma to Slack, individuals and teams can sign up for tools that their entire organization will end up adopting. This concept is also known as product-led growth. growth is almost tautological: As a vendor, it basically means that you’re using your product as the dri... |
Valiant Hearts mobile game sequel is set to launch on Netflix Games on January 31 | Lauren Forristal | 2,023 | 1 | 25 | The mobile game by Ubisoft will launch exclusively on on January 31. The game was previously announced in , and yesterday Netflix and Ubisoft the official release date. As part of a recent partnership, this is the first of three mobile games from Netflix and Ubisoft. Also coming to Netflix Games in 2023 are Ubis... |
Strata, a provider of identity orchestration to bridge disparate log-in procedures, raises $26M | Ingrid Lunden | 2,023 | 1 | 25 | Many believe the key to keeping networks and data secure lies in watertight identity and log-in management, but what happens when you are using a variety of apps, platforms, and a hybrid of cloud and other servers and networks that cannot be used with the same ID management tool? A startup called working in the area ... |
Bosch is rolling out a security dashcam designed for ride-share drivers | Kirsten Korosec | 2,023 | 1 | 3 | Bosch is expanding its security footprint in the ride-hailing economy. On Tuesday evening as kicked off in Las Vegas, the global supplier introduced a new connected smart camera and accompanying 24-hour support line for drivers of ride-hailing apps. Bosch said it’s working with Gridwise, an app for ride-share and del... |
AtomicJar opens public beta of Testcontainers Cloud, cloud version of open source testing tool | Ron Miller | 2,023 | 1 | 25 | Working with, microservices-based development environments presents a unique set of testing challenges. Richard North developed an open source solution called in 2015 to help ease this problem for developers. Today, the open source project is used by companies like Uber, Netflix, Spotify and Capital One. North and co... |
Google to make changes to Android business terms in India after antitrust blow | Manish Singh | 2,023 | 1 | 25 | Google is revising its business agreements with phonemakers and other partners in India and making a series of other changes in the South Asian market to comply with the local antitrust watchdog’s directions in a major shift that could invite regulators in other regions to make similar suggestions. The Android-maker, w... |
Does it ever make more sense to raise a structured round over taking a valuation cut? | Rebecca Szkutak | 2,023 | 1 | 13 | continued its through the end of 2022, and there aren’t any real signs things are going to pick back up for a while. That means more doom and gloom ahead for startups looking to fundraise. Many startups that tried to a regular round in 2022 — or turned to an alternative to hold them over — will find themselves in ... |
Paramount+ orders a live-action ‘Dungeons & Dragons’ series | Amanda Silberling | 2,023 | 1 | 10 | A live-action series based on the tabletop roleplaying game Dungeons & Dragons is coming to Paramount+. The pilot of the show was written and directed by Rawson Marshall Thurber, who wrote films like “Dodgeball” and “Red Notice.” The series will be co-produced by Hasbro’s and Paramount Pictures, which are also workin... |
VALL-E’s quickie voice deepfakes should worry you, if you weren’t worried already | Devin Coldewey | 2,023 | 1 | 12 | The emergence in the last week of a particularly effective voice synthesis machine learning model called VALL-E has prompted a new wave of concern over the possibility of deepfake voices made quick and easy — quickfakes, if you will. But VALL-E is more iterative than breakthrough, and the capabilities aren’t so new as ... |
Disney+ advertisers will soon get Hulu’s ad targeting capabilities | Lauren Forristal | 2,023 | 1 | 25 | Disney Advertising held its annual Tech and Data Showcase today, revealing plans to roll out some of Hulu’s ad targeting capabilities to Disney+. When Disney+ its last month, advertisers couldn’t target ads to specific audiences. By giving Disney+ advertisers access to Hulu’s ad-targeting tools, they can learn a us... |
Microsoft services like Outlook and Teams accessible again after outage caused by a ‘network issue’ | Ivan Mehta | 2,023 | 1 | 25 | We are aware that multiple Xbox services experienced intermittent issues, but all services should be recovered at this time. Thank you for your patience, and happy gaming. — Xbox Support (@XboxSupport) Scores of Microsoft services including Teams, Xbox Live, Outlook and Microsoft 365 suite are inaccessible to thousa... |
With new funding, Atomic AI envisions RNA as the next frontier in drug discovery | Devin Coldewey | 2,023 | 1 | 25 | The biotech industry is experiencing a rush of AI-powered tools for many aspects of the complex drug discovery process. But one that has flown under the radar, increasingly thought to be key to certain diseases but woefully understudied, is RNA. With $35 million in new funding, aims to do for RNA what AlphaFold did f... |
Gemba, a corporate VR training platform used by Coca-Cola and Pfizer, raises $18M | Paul Sawers | 2,023 | 1 | 25 | , an enterprise-focused virtual reality (VR) training startup used by some of the world’s biggest companies, has raised $18 million in a Series A round of funding. Gemba designs and delivers so-called virtual “ ” spanning subject matters such as and , working in conjunction with experts from the respective fields to... |
Crowdbotics raises $40M to help devs build apps from modular code | Kyle Wiggers | 2,023 | 1 | 25 | , a software development platform with a library of prebuilt app architectures, today announced that it raised $40 million in a Series B round led by NEA with participation from Homebrew, JSV, Harrison Metal and Cooley. The new cash will be put toward expanding Crowdbotics’ enterprise presence, CEO Anand Kulkarni told ... |
Dubai-based accounting and financial compliance startup, Wafeq, raises $3M | Annie Njanja | 2,023 | 1 | 24 | In 2016, the Gulf Cooperation Council (GCC) member states signed a value added tax (VAT) agreement paving the way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation... |
Emperia is helping brands like Bloomingdales build shopping experiences in VR | Kyle Wiggers | 2,023 | 1 | 25 | Does the average person want to shop for apparel in virtual reality (VR)? Speaking for myself, it sounds rather cumbersome — having to plop on a headset to browse for, say, trousers as opposed to click through a few galleries. But not everyone agrees — particularly those who hope to build a business out of VR retail. E... |
Twitter won’t force you to the ‘For You’ timeline on web anymore | Ivan Mehta | 2,023 | 1 | 24 | In another flip-flop move, Twitter says that it will now remember the feed — the algorithmic “For You” or chronological “Following” — its users have chosen on the web. This change will give relief to many who had complained that the social network showed them the algorithmic timeline by default each time they visited t... |
Scrintal raises $1 million for its visual collaboration tool | Haje Jan Kamps | 2,023 | 1 | 18 | Founded by Ece Kural and Furkan Bayraktar, is a visual note-taking and collaboration tool. The Sweden-based company’s product combines visual canvases with documentation to help professionals and teams go from idea to presentable work on the same screen — think Miro meets Notion meets a slew of other tools companies ... |
Hear how Cambly found profits after failing to raise a Series A on TechCrunch Live | Matt Burns | 2,023 | 1 | 24 | ! I’m thrilled to bring this event series back for its third season. We’re booked for months, and I’m delighted to host the upcoming guests. TCL’s mission is still to help founders build better venture-backed businesses. But going into 2023, there’s new urgency behind this mission. TechCrunch Live started in the heady... |
Daily Crunch: Hackers pinched LastPass customers’ encrypted password vaults, parent company admits | Christine Hall | 2,023 | 1 | 24 | What’s up, Crunchers? Good to see you again! We’re so glad to have you with us. It’s been a really busy day on the site today, and for not recording the car crash he was in today. (He’s fine. Or at least, as fine as he was before the car crash.) — and It’s a tough time to be a richly priced company that didn’t go... |
VC deal activity fell in 2022, signaling tough times ahead | Kyle Wiggers | 2,023 | 1 | 6 | to dog startups chasing venture backing. That’s the top-level finding of a new PitchBook report that looked at VC trends toward the end of 2022, specifically Q4, including investments made at the seed, late-stage and nearing-the-exit levels. First, the good news: “On an annual basis, angel- and seed-stage deal activit... |
Carta, previously sued for gender discrimination, is now suing its former CTO | Connie Loizos | 2,023 | 1 | 10 | , the 11-year-old, San Francisco-based outfit whose core business is selling software to investors to track their portfolios, has sued its former CTO, Jerry Talton, who the company says was fired “for cause” almost three weeks ago, on Friday, December 23. In its , Carta is suing Talton for damages, citing “his wrongfu... |
Crime-reporting app Citizen lays off 33 employees | Amanda Silberling | 2,023 | 1 | 12 | Citizen laid off 33 staff members on Wednesday, the company confirmed to TechCrunch. “We are grateful to all of our departing team members for their contributions to Citizen and are committed to supporting them through this transition with a generous severance package that includes accelerated option vesting and extend... |
Career Karma’s latest layoff underscores edtech’s new challenge | Natasha Mascarenhas | 2,023 | 1 | 12 | has laid off another 22 people across its global and domestic workforce, less than five according to sources. CEO and co-founder confirmed the workforce reduction to TechCrunch. shows that even as many edtech companies attempt to right-size their staff, there’s more work to do. Harris’ e-mail to remaining staff u... |
News aggregator SmartNews lays off 40% of US and China staff, with further reductions planned in Japan | Sarah Perez | 2,023 | 1 | 12 | , a Tokyo-headquartered news aggregation website and app valued at , today announced a 40% reduction of its U.S. and China workforce, or around 120 people, according to sources familiar with the company’s plans. The news was announced on Thursday in an all-hands meeting attended this evening by SmartNews staff. The co... |
Sam Bankman-Fried launches Substack: ‘I didn’t steal funds, and I certainly didn’t stash billions away’ | Mary Ann Azevedo | 2,023 | 1 | 12 | FTX founder and former CEO Sam Bankman-Fried launched his own newsletter today, in a very unusual move for someone who was recently and is facing eight counts of U.S. criminal charges. In a post titled “FTX Pre-Mortem Overview,” Bankman-Fried maintains his innocence surrounding the collapse and of FTX, a cryptocu... |
Oneleaf is a self-hypnosis app that guides you through audio programs | Romain Dillet | 2,023 | 1 | 24 | Meet , a new startup that wants to make hypnosis mainstream. The startup has designed an app that helps you get started with hypnosis and follow various programs to quit smoking, reduce anxiety or lose weight. Oneleaf raised $4.6 million (€4.2 million) from Frst, Kima Ventures, Raise Ventures and several business ange... |
Is ChatGPT a cybersecurity threat? | Carly Page | 2,023 | 1 | 11 | in November, ChatGPT has become the internet’s new favorite plaything. The AI-driven natural language processing tool rapidly amassed more than 1 million users, who have used the web-based chatbot for everything from generating and to crafting academic essays and writing computer code. Not only have ChatGPT’s huma... |
Our obsession with pets means startups aimed at vets are booming, as Digitail shows | Mike Butcher | 2,023 | 1 | 12 | With our mysterious, and psychological attachment to pets, combined with a boom in pet ownership since those lonely pandemic times, veterinary practices have come under increasing pressure. Pet ownership has (56 to 70% U.S. household penetration in the last 35 years). But, there are not enough vets. To meet demand,... |
Frank-ly, the Kardashian method won’t work for SBF | Natasha Mascarenhas | 2,023 | 1 | 13 | Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, was joined by and to talk about the latest and greatest in tech. Before we get into what we got up to, can we just say how great it is to be back? It feels therapeutic to ... |
Web3 could help fashion become more sustainable | Dominic-Madori Davis | 2,023 | 1 | 12 | industry that could use web3, that industry is fashion. Hear us out. Fashion is one of the most polluting sectors in the world, and, according to the United Nations Environmental Programme, is of the world’s carbon dioxide output, than the international flights and maritime shipping industries combined. Eighty-fiv... |
SBF’s anticipated not guilty plea was a ‘smart play’ | Jacquelyn Melinek | 2,023 | 1 | 4 | guilty to several federal fraud charges was largely anticipated and something a few legal experts suggested was a tactical response. The former CEO of crypto exchange FTX, whose company collapsed in November, made the plea in Federal District Court in New York. It’s very common in the federal criminal justice system... |
Will what happened at CES, stay at CES? | Natasha Mascarenhas | 2,023 | 1 | 11 | Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, chatted with and about CES, which took place last week over ... |
That Microsoft deal isn’t exclusive, video is coming and more from OpenAI CEO Sam Altman | Connie Loizos | 2,023 | 1 | 17 | At a StrictlyVC event last week, co-founder and CEO Sam Altman sat down for a wide-ranging interview with this editor, answering questions about some of his most , as well as about the future of OpenAI. There was much to discuss. The now eight-year-old outfit has dominated the national conversation in the two months... |
We need to destigmatize down rounds in 2023 | Holden Spaht | 2,023 | 1 | 2 | is upon us, and with it comes uncertain, and uncomfortable, market conditions. Accompanying those conditions are equally uncomfortable decisions. For startup founders, determining which path is right for their business may require fundamentally rethinking the way they measure success. The business climate in 2023 will... |
Sequoia-backed GoMechanic cuts 70% jobs amid ‘grave errors’ in financial reporting | Manish Singh | 2,023 | 1 | 18 | GoMechanic has laid off 70% of its workforce as the Sequoia India-backed startup grapples with a funding crunch after the existing and prospective investors found that the founders had misstated facts. The move comes as the Gurgaon-headquartered GoMechanic, which offers auto-services such as repairing and carwashing, h... |
You’re not going to grow into your 2021 valuation | Jeremy Abelson | 2,023 | 1 | 13 | companies claim: “We will grow into our valuation from 2021.” That statement is in reference to their expectations of when they’ll price their IPO, or with regards to a future private round. They are implying that they will wait to go public until they can price an IPO higher than or at least at the same valuation as ... |
Dungeons & Dragons’ publisher will put the game under a Creative Commons license | Amanda Silberling | 2,023 | 1 | 19 | It looks like Dungeons & Dragons just succeeded on a death-saving throw. After weeks of backlash and , Wizards of the Coast — the Hasbro-owned publisher of Dungeons & Dragons — that it will now license the tabletop role-playing game’s core mechanics under the license. This gives the community “a worldwide, royalty... |
Labor trends in 2023: Over-employment, fatigue and hope | Natasha Mascarenhas | 2,023 | 1 | 7 | If there’s one thing I can rely on every new year, it is that people will debate whether resolutions are an irrelevant, capitalistic waste of time, or if there’s something beautiful about the world collectively wanting to better themselves. Longtime readers know that I’m a fan of resolutions because of the latter. Ther... |
‘We rolled a 1’: D&D publisher addresses backlash over controversial license | Amanda Silberling | 2,023 | 1 | 13 | After a week of silence amid , Dungeons & Dragons publisher Wizards of the Coast (WoTC) has finally its community’s concerns about changes to the open gaming license. The open gaming license (OGL) has existed since 2000 and has made it possible for a diverse ecosystem of third-party creators to publish virtual table... |
Pittsburgh’s AI expertise may give rise to an already growing startup market | Rebecca Szkutak | 2,023 | 1 | 12 | to go in and out of vogue. First, Austin was the next biggest thing, then Atlanta and, more recently, Miami. Pittsburgh has yet to have its moment, but all the signs are there that it could be next. Having local expertise in the category every VC wants to invest in right now doesn’t hurt, either. The Steel City has al... |
Senate questions Live Nation president amid Taylor Swift ticketing debacle | Amanda Silberling | 2,023 | 1 | 24 | “May I suggest respectfully that Ticketmaster ought to look in the mirror and say, ‘I’m the problem, it’s me,'” Senator Richard Blumenthal (D-CT) said on the Senate floor Tuesday, referencing Taylor Swift’s latest hit “ .” In a hearing on consumer protection and competition in live entertainment, senators grilled Live ... |
TechCrunch Live is back with top founders and investors, and you get to ask the questions each week | Matt Burns | 2,023 | 1 | 23 | is entering its third season, and I’m thrilled to be leading the events again this year. The first event is on February 1, 2023, and will feature a timely discussion on what to do if your company can’t raise a Series A. We have speaking at the first event. Of course, TechCrunch Live is free to attend. This weekly ev... |
FluentPet’s talking button system lets you get a ‘text’ from your dog | Sarah Perez | 2,023 | 1 | 5 | Want to get a “text” from your dog when he’s hungry, wants to go outside or wants to play? The dream of being able to communicate with your dog is coming closer to reality with the launch of new app-connected talking button system. The new product is an update to the model first made popular by a dog named Bunny, who... |
Lumus shows off its tech in AR glasses that don’t look too dorky | Haje Jan Kamps | 2,023 | 1 | 6 | AR tech sounds pretty cool, but nobody wants to be a glasshole. Today at CES, we checked out ‘ bid to make AR glasses a little bit less cringe. The company creates technology that makes it far easier for glasses makers to create spectacles that look, well, more or less like glasses, and are compatible with prescriptio... |
Trova launches a stylish hiding spot for your unmentionables | Haje Jan Kamps | 2,023 | 1 | 5 | We all have one; a place in our house where we hide things that need to be kept out of reach of children. At , one company believes it has a more stylish way of tackling that particular problem. is releasing its third product, Trova Home, which is essentially a biometrically locked, stylish shoe box for the things y... |
Crypto is ringing in the New Year with new lawsuits and new chaos | Jacquelyn Melinek | 2,023 | 1 | 5 | Welcome back to and Happy New Year! As we kick off 2023, I’m curious to see if the crypto industry will be living the “New Year, New Me” motto Hopefully the former. Anyways, let’s get into it. The New York Attorney General on Thursday against Alex Mashinsky, the co-founder and former CEO of crypto lending platform ... |
Today at CES: Baby wearables, texts from dogs and e-ink cars | Devin Coldewey | 2,023 | 1 | 5 | It’s the first official day of CES and our team has already located dozens of the coolest new gadgets, features and weird concept cars that probably will never see the light of day. Halo (not Amazon’s Halo) has a that tracks heart rate, rollover, skin temperature and movement. 10,000 steps a day may seem tough when y... |
Coinbase reaches $100M settlement over background check failures | Amanda Silberling | 2,023 | 1 | 4 | New York financial regulators have found that the popular cryptocurrency exchange Coinbase anti-money laundering laws by failing to conduct adequate background checks. Coinbase will pay a $50 million fine to the New York State Department of Financial Services and is also required to spend $50 million on improving its... |
YouTuber Logan Paul’s CryptoZoo NFT project is a total mess | Amanda Silberling | 2,023 | 1 | 6 | Given Logan Paul’s on YouTube, it probably doesn’t come as a surprise that his CryptoZoo NFT project has allegedly turned out to be a scam. Some investors ended up losing up to half a million dollars, according to independent . The development of CryptoZoo has been stalled due to alleged nonpayment of coders. The 27... |
CES, NYE, SBF and FTX. Lol. | Natasha Mascarenhas | 2,023 | 1 | 6 |
Hello and welcome back to , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. To start off the year, we are welcoming as a returning host who will be joining us while is out on paternity leave. We’re lucky to have her for a few months, so give her a warm welcom... |
Here’s how you described the tech industry’s 2022 in a headline | Natasha Mascarenhas | 2,023 | 1 | 3 | As readers know, we But clearly, so do all of you. As part of our end-of-the-year coverage, the Equity podcast team asked listeners to write a headline that represents 2022 in tech. Listeners showed up, with the brutal, the real and the holy-moly-yes-that-happened-this-year-how-could-you-forget. Our recap episode... |
Katrina Lake is back as interim CEO of struggling Stitch Fix, 17 months after stepping down | Connie Loizos | 2,023 | 1 | 5 | Can Katrina Lake save Stitch Fix? The founder of the nearly 13-year-old, subscription-based online personal shopping service is going to try, returning today to her role as CEO 17 months after stepping down from the position. As first reported by , it was Lake who today informed the company’s 1,700 salaried employees ... |
Two CEOs is better than one with Henrique Dubugras from Brex | Rebecca Szkutak | 2,023 | 1 | 3 | Welcome back to Found, where we get the stories behind the startups. This week Darrell and Becca are joined by co-founder and co-CEO to chat about his corporate credit card and expense management startup. Henrique talked about what made him and his co-founder ( ) decide to launch the company and why the friends, wh... |
Sequoia Capital’s Alfred Lin in his first public interview since the implosion of FTX (video) | Connie Loizos | 2,023 | 1 | 13 | Last night, at an hosted in San Francisco by this editor, venture capitalist Alfred Lin of Sequoia Capital sat down for a one-on-one conversation about the evolution of his storied investment firm, which has enjoyed a largely unblemished record of stunning success — a record since marred by its roughly $200 million i... |
India set an ‘incredibly important precedent’ by banning TikTok, FCC Commissioner says | Manish Singh | 2,023 | 1 | 1 | India set an “incredibly important precedent” by , FCC commissioner Brendan Carr said as he projected a similar fate for the Chinese giant ByteDance app in the U.S. Carr warned that TikTok “operates as a sophisticated surveillance tool” and told the Indian daily Economic Times that banning the social app is a “natural... |
Remember how this whole working thing works? | Natasha Mascarenhas | 2,023 | 1 | 3 | Welcome back to , the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. As promised, I’m taking over Equity Monday for the beginning of this year as Alex is out on paternity leave. Big hugs to his growing family! We’re starting the year with big post-PTO energy, becau... |
Doorstead closes on $21.5M to make sure you always have a tenant for your rental property | Mary Ann Azevedo | 2,023 | 1 | 6 | Doorstead, a property management startup that offers “guaranteed” rental payments to homeowners, has raised $21.5 million in a Series B round of funding. Ryan Waliany and Jennifer Bronzo started Doorstead in 2019, initially testing out its model for setting prices for rental properties on Craigslist. Over time, the com... |
Will record levels of dry powder trigger a delayed explosion of startup investment? | Raphael Mukomilow | 2,023 | 1 | 6 | year that was 2022, one might think that the coming months are not looking great for VCs or founders. But, “dry powder” — money raised by VCs that hasn’t yet been deployed — has risen to record levels. Venture capital investors in the United States, for instance, are sitting on a $290 billion powder keg that’s ready t... |
Toyota stumbled as Hyundai was stealing the successful Prius playbook | Tim De Chant | 2,023 | 1 | 5 | taking a beating in the press these days. The new Prius, arguably the company’s standard bearer, has been damned with faint praise. One called it “the best CD player in a download world.” Beyond that, the company has been called out for lobbying to set emissions standards and more generally to to electric vehicl... |
Indian fintech BharatPe CEO Suhail Sameer to leave top job | Manish Singh | 2,023 | 1 | 2 | Suhail Sameer, the chief executive of BharatPe, will leave the top role later this week as the Indian fintech startup scrambles to steer the ship after kicking out its founder last year for allegedly misusing company funds. The New Delhi–headquartered startup, Sequoia India, Tiger Global, Coatue, Dragoneer and Ribbit... |
App Store and Play Store are flooded with dubious ChatGPT apps | Ivan Mehta | 2,023 | 1 | 10 | ChatGPT is the of discussion in the tech industry. OpenAI’s chatbot that answers questions in natural language has attracted interest from users and developers. Some developers are trying to take advantage of the trend by making — both on the App Store and the Play Store — that aim to make money in the name of pr... |
Former FTX CEO SBF pleads not guilty to US criminal charges | Jacquelyn Melinek | 2,023 | 1 | 3 | FTX founder and former CEO Sam Bankman-Fried plead not guilty to all eight counts of U.S. criminal charges on Tuesday. Bankman-Fried appeared before a judge in the U.S. District Court in New York City on Tuesday with his lawyers, Mark Cohen and Christian Everdell. Criminal charges against the 30-year-old former billion... |
Yet another Zomato co-founder leaves the firm | Manish Singh | 2,023 | 1 | 2 | Zomato said on Monday its co-founder and chief technology officer Gunjan Patidar has left the firm, the latest in a series of departures at the Indian food delivery firm whose shares have lost over 57% of its value in the past year. Patidar is the fourth co-founder to leave the firm. His departure also follows exits by... |
Inflow, a platform for managing ADHD through cognitive behavioral therapy, raises $11M | Paul Sawers | 2,023 | 1 | 11 | , a company developing a platform to manage ADHD using cognitive behavioural therapy (CBT) techniques, has raised $11 million in a Series A round of funding. ADHD, or “attention deficit hyperactivity disorder,” is a condition impacting of the global population. vary, but typically involve inattention, hyperactivity... |
Carta lays off 10% as CTO lawsuit looms | Natasha Mascarenhas | 2,023 | 1 | 11 | , an equity management platform that was last privately valued at $7.4 billion, has cut 10% of its staff, confirming earlier rumors that a workforce reduction was going to happen. Judging by LinkedIn data, could have impacted around 200 employees. Today’s layoff is around the same size as an event that CEO Henry War... |
Opportunistic investors are giving up on aging pre-IPO companies, shows a new report | Connie Loizos | 2,023 | 1 | 24 | It’s a tough time to be a richly priced company that didn’t go public when the getting was good. Not only are there fewer later-stage players with the resources and appetite to support such companies — SoftBank and Tiger Global have pulled back dramatically, for example — but even secondary investors have lost interest... |
Spain’s delivery platform Glovo fined again for breaching labor laws | Natasha Lomas | 2,023 | 1 | 24 | Another penalty for Spain’s homegrown on-demand delivery app and dark store operator, Glovo — which has been fined close to €57 million (~$62 million) for breaching local labor laws by falsely classifying 7,800+ of its delivery couriers in Madrid as self-employed, per local newspaper . Citing sources familiar with the... |
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