Month: May 2023

Are you a seed-stage founder who’s building a unicorn? NFX Founding Partner James Currier would like to save you some time: Startups that grow into billion-dollar companies have three basic forms of defensibility. Network effects: Your product becomes more valuable as more people use it. Embedding: Integrate your services so deeply, customers “cannot rip them
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Apple is expected to see a drop in revenue for the second quarter according to analyst estimates. Bloomberg’s Mark Gurman has a preview on “Bloomberg Technology.” ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with Caroline Hyde and Ed Ludlow here: https://tinyurl.com/ycyevxda Get the
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Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. It’s been a big week for tech acronyms. I woke up on Monday to news that First Republic Bank has been closed down by regulators — and JP
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Shares of edtech company Chegg fell off a cliff this week after the company reported Q1 results that bested analyst expectations. But Q1’s results aren’t what made the company lose nearly half of its value. In its earnings call the company’s executives noted that ChatGPT was slowing its ability to add new subscribers, not only
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For the past year, everyone’s been predicting that the muted exit environment and bone-dry funding market would bring a reckoning for many late-stage companies. We’ve been seeing layoffs and cost-cutting measures across the board as companies look to shore up their balance sheets. And now, an increasing number of companies are raising money at lower
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The U.K.’s competition authority is adding Adobe’s proposed $20 billion bid for digital design rival Figma to its ever-growing to-do list. The Competition and Markets Authority (CMA) confirmed today that it’s launching an initial “phase 1” merger inquiry, with the relevant stakeholders given a two-week period to provide comment. Adobe first confirmed it was tabling
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Everything needs a home, and Garima Kapoor co-founded MinIO to build an enterprise-grade, open source object storage solution. The pitch sounds amazing: simple, high performance, and a native Kubernetes integration. I’m excited to announce I’m interviewing Kapoor and MinIO investor Mark Rostick of Intel Capital on MinIO’s growth and how the company manages serious competition.
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French startup Green-Got is building an alternative to your traditional bank account with a focus on climate change. Essentially, Green-Got guarantees that your savings and the money that is sitting in your bank account aren’t going to finance fossil fuel projects and other polluting industries. The startup recently raised a $5.5 million (€5 million) funding
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TikTok is partnering with big-name publishers, including NBCU, Condé Nast, DotDash Meredith, BuzzFeed, and others, in an effort to pull in more premium ad dollars. At this week’s NewFronts, the video entertainment company announced a new premium ad product that would allow marketers, for the first time, to position their brand ads directly after TikTok’s
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Investors have raised expectations around SaaS profitability and growth since the downturn began. As a result, it’s even more important for founders to have a firm handle on the key metrics VCs are likely to consider before saying “yes” or “no.” In his latest TC+ article, Paris Heymann (partner, Index Ventures), shares formulas for calculating
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Presto Automation Chairman & Interim CEO Krishna Gupta joins Ed Ludlow to discuss how AI will impact the restaurant industry. Presto is the largest provider of AI-powered tech for restaurants like McDonald’s, Chili’s and others. ——– Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of “Bloomberg Technology” with
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Tellus, an Andreessen Horowitz-backed fintech company that claims it can offer people higher yields on their savings balances by using that money to fund certain U.S. single-family-home loans, is under scrutiny by the U.S. government. On May 2, as first reported by Barron’s, U.S. Senator Sherrod Brown, chairman of the Senate Banking, Housing, and Urban Affairs
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Most early-stage startup founders, investors, technologists and all-around aficionados recognize and appreciate a great deal. We’re flagging this one, folks, because you have just one week left to take advantage of early-bird pricing on all passes to TechCrunch Disrupt 2023, taking place on September 19–21 in San Francisco. Disrupt is the startup world’s big tent,
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We are a good 47 pitch decks into our Pitch Deck Teardown series, and one piece of feedback we’ve gotten frequently is that it’s easy to be a critic: What would we have done? Well, we’re not ones to turn away from a challenge here at TechCrunch+. So for this week’s pitch deck teardown, we’re
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Small to medium-sized enterprises contribute 60% of Indonesia’s gross domestic product. But companies in the D2C space still struggle to compete against bigger brands. Praktis wants to put them on a more level playing field. The startup, which handles everything from raw material purchases to order fulfillment for D2C brands and suppliers, announced today it
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More regulatory woes for Meta: France’s competition watchdog has announced interim measures on the adtech giant — saying it suspects it of abusing a dominant position in the French market for ads on social media and across the broader (non-search-related) online ads market. It’s ordering Meta to suspend application of the current criteria it imposes
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