Ever since the tech downturn began affecting startups, a question kept coming up: What if we are witnessing a correction? The question implied that the way deals were done in the past couple of years, mostly during late-2020 and nearly all of 2021, were the exception, not the rule, and venture investing was returning to
Month: April 2023
The pace at which new billion-dollar startups are minted is in freefall. Given what we’ve seen recently concerning the late-stage funding market, we shouldn’t be shocked. As late-stage dollars retreat and capital served up in mega-rounds — deals worth $100 million or more — evaporates, the fuel that once lifted many a startup rocket into
Nonprofit Arts Help is launching a $6 million fund to build the world’s first digital climate library to provide public access to the archives of the United Nations Framework Convention on Climate Change (UNFCCC). The UNFCCC, which was formed in 1992, has more than 1.7 million paper documents related to the treaty, many of which
As Gen Z turns into their early-to-mid 20s, a new generation of business owners is coming online. Many of these new entrepreneurs do the vast majority of work on their phones. This is especially true in emerging markets like Latin America, where SMEs comprise 99.5% of firms in the region. In Mexico, for instance, 97.4%
India’s smartphone exports have more than doubled, reaching over $11 billion in the fiscal year that ended in March, according to trade data examined by the industry body India Cellular and Electronics Association and government officials, underscoring the South Asian market’s growing ambition to become a global hardware manufacturing hub. Smartphone exports of $11.2 billion
With next month’s arrival of the new streaming service “Max” from Warner Bros. Discovery, the company is also promising a revamped product experience with an expanded feature set, improved recommendations, and better performance. The new service, which combines HBO Max and Discovery+ content into one offering, will gain an updated user interface that’s delivered by
About 10% of startups will fail in their first year. Between years two through five, approximately 70% of companies will go under. But those figures don’t matter when you’re pitching: Investors expect to see a business plan that describes how you plan to reach profitability within 3-5 years. “While it may feel unfamiliar, as a
General Atlantic has poured another $100 million in PhonePe, three months after leading a $350 million investment in the Indian fintech startup that has so far raised $750 million in an ongoing financing round. Walmart-backed PhonePe disclosed the investment in a filing with the local regulator on Wednesday. A company spokesperson confirmed the investment. The
A few years ago, mattress company Casper’s co-founders Philip Krim and Jeff Chapin were banging their heads against the wall. Krim was in Long Island in New York while Chapin was in Wyoming. The weather in New York can be pretty different from that in Wyoming, but when bad storms roll through, they both suffer
YouTube is starting presales of NFL Sunday Ticket subscription starting today. The company is selling the add-on to subscribers of the YouTube TV Base plan at $249 for the season. The company is also offering NFL Sunday Ticket and NFL RedZone bundles at $289 for the season during the presales. The streaming company will increase
Manhattan Ventures Partners GP Andrea Walne joins Caroline Hyde and Ed Ludlow to discuss the repercussions of SVB and First Republic on the VC space and how startups are turning to fintech for support. Plus, her thoughts on SpaceX and on startups’ changing valuations. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg
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. Happy Tuesday Crunch! Did you know TechCrunch’s weekly event series has a podcast? Aptly called The TechCrunch Live Podcast, these shows are condensed versions of the weekly event minus the video. Of
When Silicon Valley Bank’s collapse was first unfolding, a belated disclosure colored some of the chaos: The bank spent most of last year without a chief risk officer, and the one who left sold more than $4 million of stock in the bank before departing. The new CRO, Kim Olson, who joined in January 2023,
Eager to secure all the lithium it needs to power a growing lineup of electric vehicles, General Motors said on Tuesday that it will lead a $50 million investment into lithium extraction and refining startup EnergyX. With the deal, the legacy automaker says it will help EnergyX scale its lithium-extraction tech. In exchange, GM will
Google TV, the company’s smart TV operating system that powers Chromecast devices and various TVs, is today getting a significant update aimed at expanding access to free, streaming TV. The company announced this morning Google TV will now integrate access to free streaming channels like Tubi, Plex, and Haystack News directly in its redesigned Live
If you haven’t noticed, the internet is frequently on fire. Overseas cyberattacks are hitting public services like healthcare at home. Data breaches are the new school “snow days.” Small towns and local governments are largely unable to fend off ransomware attacks on their own. Nation-state hackers are undermining human rights and the security and privacy
Kobie Fuller, a partner at Upfront Ventures, had a notion that there are certain characteristics that every successful enterprise software company shares. You might think that’s not something that’s easily quantifiable or identifiable, maybe just something that any investor knows or senses when they see it. But Fuller decided to sit down and figure out
The automotive industry’s transition to electric vehicles is ushering in a tidal wave of demand for batteries that’s upending national industrial policies, reshaping geopolitics, and sparking a surge of new factories that will pump out billions of cells. It may seem like the sector has exploded overnight, but founders, investors and multinationals have been laying
Marvel Studios released a teaser trailer today for “The Marvels,” featuring three badass female superheroes—Captain Marvel, Ms. Marvel and Captain Rambeau. The movie is set to hit theaters on November 10 and sees Brie Larson, Iman Vellani and Teyonah Parris reprise their roles. “The Marvels” is the third movie of the MCU’s Phase Five and
Super Mario fans in Japan will be the last to be able to watch the newest movie adaptation
Welcome to the new week. While recording Equity this morning, I noted with surprise an interesting bit of data that got me wondering about the current premium that venture investors are paying for startup shares, and if we can see anything new compared to 2022 data, especially given that complaints about YC startup prices are
Legit Group, a cloud kitchen brand operator based in Jakarta, has its eyes on the rest of Indonesia after raising a $13.7 million Series A. The round was led by MDI Ventures, the venture capital arm of PT Telcom Indonesia Tbk, the largest telecom conglomerate in Indonesia. It included participation from Sinar Mas Digital Ventures
French startup Graneet is building an all-in-one software-as-a-service product focused on small construction companies. And it has grown quite a lot since I first covered the company as the company has tripled its revenue over the past six months. That’s why the startup raised a €8 million Series A round ($8.7 million at today’s exchange
Nearly two decades after Apple entered India, the iPhone-maker is ready to open its first set of retail stores in the South Asian market. Apple will open Apple BKC, its Mumbai store, on April 18, and its Delhi outlet Apple Saket on April 20, the company said in a statement Tuesday. Apple has long explored
At the Star Wars Celebration in London, Lucasfilm announced that “Star Wars” The Bad Batch” will return for a third and final season on Disney+ in 2024. The company did not provide an exact release date. The series follows Clone Force 99, also known as the Bad Batch, which is a group of elite clones
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. Happy Monday Crunch! There’s just one month left to submit nominations for Startup Battlefield 200, so if you want to be on the TechCrunch stage and catapult yourself to fame, fortune, and
OfficeBanao, an Indian startup offering a workspace interiors platform to businesses in the country, has raised $6 million in seed funding led by Lightspeed. In India’s competitive workspace interior market, traditional providers have long dominated the landscape, often requiring substantial investment of time and resources for clients to achieve their desired results. Furthermore, many of
Disposable plastic and paper cups are an environmental mess. GaeaStar, a startup based in Berlin and San Francisco, thinks it can do better with just clay, water, salt and sand. After piloting disposable clay cups and bowls in Germany, GaeaStar says it is gearing up to introduce its products to the U.S. via a trial
Four Democratic lawmakers have written to the Department of Justice to investigate Warner Bros. Discovery and launch an inquiry into alleged anti-competitive behavior. Democratic representatives Elizabeth Warren, Pramila Jayapal, David Cicilline and Joaquin Castro wrote that the merged company has harmed workers and reduced consumer choice. Warner Bros. Discovery was formed after WarnerMedia merged with
Here’s your shot across the bow — there’s a little over one more month left to nominate your startup for Startup Battlefield 200 at Disrupt. Take the opportunity to join this elite group for a new and awesome opportunity at TechCrunch Disrupt. It’s positively packed with perks and possibilities to get your company to the
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