Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Alex, Natasha and Mary Ann got together with Grace once again this week for our weekly roundup show, and as often happens, news broke as we were gearing up to record. So we had to
Month: July 2022
Yesterday was a big day for the crypto industry. 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) filed a separate document on the
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 films. While the films have previously been available
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. 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 a Crypto special event. It’s
Once seemingly unstoppable, Big Tech is now in reset mode. We’re not talking about Snap’s earnings sending its stock plunging, or Twitter’s lackluster earnings report from earlier this morning. No, we’re talking about Big Tech. The world’s largest tech companies are pulling back in a way that could, perhaps, clear some brush for startups still making
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
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 audience with
World Fund, a newcomer in climate-VC land, is taking the lead in a $128 million round for IQM, 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
If you were one of the nearly 77 million people affected by last year’s T-Mobile breach, 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),
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 not 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
Evan Kipperman Contributor Evan Kipperman is a partner in the emerging companies and venture capital practice at Wiggin and Dana. He helps growth-stage companies, VC firms, family offices and high-net-worth individuals achieve their business goals. Paul Hughes Contributor Paul Hughes is a partner in the emerging companies and venture capital practice at Wiggin and Dana.
A year ago, Instacart co-founder Apoorva Mehta left his role as chief executive 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
Luisa Rubio Arribas Contributor Luisa Rubio Arribas is the head of Wayra X, Telefónica’s digital innovation hub offering funding, connections and expertise to mass-market-ready B2C startups. As venture capital 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
Mike Novogratz, founder of Galaxy Digital Holdings Ltd., says Bitcoin will eventually reach $500,000. He speaks to Bloomberg’s Sonali Basak at the Bloomberg Crypto Summit.
A lot of promising companies come out of work by researchers at universities, or even grad students who have struck on some new innovation. But the transition from tech-focused research group to product-focused startup isn’t easy to make; fortunately three experts in the matter joined us at TC Sessions: Robotics to discuss a few ways
The big news of the morning is that Amazon is buying One Medical, a previously venture-backed consumer healthcare company with a technology twist, in an all-cash deal worth $3.9 billion inclusive of debt. The announcement follows recent reporting that One Medical was in play. Seeing One Medical taken off the table, then, is not a
In April, startup accelerator Techstars, in partnership with ARM Labs, a Lagos-based innovation program focusing on fintech startups, announced the launch of ARM Labs Lagos Techstars Accelerator Program. As Techstars’ newest accelerator program in Africa, the announcement re-emphasized the expansion plans Techstars touted when it hired Maëlle Gavet as CEO last January. The Lagos accelerator adds to
Facebook-parent Meta, which counts India as its largest market by users, is gearing up to make its third startup investment in the South Asian market. The American social media group, which invested in social commerce Meesho in 2019 and online learning platform Unacademy in 2020, is in talks to back the early-stage startup Better Opinions,
The UK’s App Drivers and Couriers Union (ADCU) staged a 24-hour strike Wednesday to demand Uber be held accountable for the findings of the Uber files, a trove of thousands of leaked confidential documents that show how the ride-hail company broke laws, secretly lobbied governments and exploited driver safety to expand aggressively from 2013 to
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Well hello again! It’s Thursday — heat waves are heat wavin’, and all of TechCrunch is psyched about a fun and engaging Robotics event today. That’s not all that’s happening, though. We’ve
Startup founders and laid-off tech workers know all too well about the funding slowdown of 2022, but the boom times aren’t over for everyone. U.S. venture firms in particular are amassing more cash than ever, and Menlo Ventures is perpetuating the trend. The 46-year-old Bay Area firm, known for its early bets on companies like
Tesla suppliers traveling from Nuevo León, Mexico, to Texas now have their very own dedicated border patrol lane. Elon Musk’s electric car company, which recently relocated its headquarters from Fremont, California, to Austin, has struck a deal with the “pro-business” Mexican state to allow express access for Tesla and its suppliers at the Colombia Solidarity
“Buy now, pay later” (BNPL) startups have gained traction by targeting consumers, but BNPLs for businesses are also starting to take off. One example is Fairbanc, which is based in Singapore but focused on Indonesia. It allows small businesses to take out short-term credit to purchase fast-moving consumer goods (FMCG) inventory. Fairbanc announced today it
Fonoa, a tax automation platform used by companies such as Uber and Zoom, has raised $60 million in a series B round of funding. Founded out of Dublin, Ireland, in 2019, Fonoa targets digital services companies that operate globally, automating many of the processes involved in managing sales tax, VAT, and goods and service tax
Robots have always found it a challenge to work with people and vice versa. Two people on the cutting edge of improving that relationship joined us for TC Sessions: Robotics to talk about the present and future of human-robot interaction: Veo Robotics co-founder Clara Vu and Robust.ai founder Rod Brooks (formerly of iRobot and Rethink
It’s probably hyperbole to credit Google’s Pixel A devices for single-handedly keeping the broader line alive during some admittedly lean times. Let’s be honest, much of that goes to Google’s very deep pockets — when you’re one of the world’s largest companies, what’s a little sunk-cost fallacy between friends? The budget devices have, however, been
Digit, the bipedal robot developed by Agility Robotics, will continue to evolve and improve, including the addition of a head and some digits of its very own, according to co-founders Damion Shelton and Jonathan Hurst. Just don’t expect Digit to talk or have digits that look like human hands. Digit, which was introduced in 2019,
Livestream shopping in the United States has a ways to go to catch up with China’s booming $600 billion industry, but Whatnot’s new $260 million Series D round shows that shoppers stateside are increasingly embracing this way of buying and selling items. The new investment was co-led by DST Global and returning investor CapitalG, and
On Tuesday, I covered Arkive’s $9.7 million funding round, a startup that is trying to answer the question: “What if the Smithsonian was owned and curated by the internet?” The company’s founder and CEO Tom McLeod was gracious enough to let me take a closer look at the pitch deck he used to raise their
For a long-time, distributed work for VCs looked like a split-HQ between two cities in different parts of the world. Now, it may look like “the cloud.” Andreessen Horowitz, a venture firm turned registered investment advisor, says that its “headquarters will be in the cloud” going forward, according to a blog post written by founding
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