There’s no one who knows a company’s inner workings like a chief financial officer. So, when three high-profile CFOs leave their jobs at richly valued, late-stage startups in quick succession, we notice it. This week, OpenSea CFO Brian Roberts left the web3 company less than a year after taking the job. Days later, Brex CFO
“The 2022 venture capital market” is nearly a misnomer, as each quarter that passes seems to bring with it a new normal for startup investment. The pace of quarterly change in how venture investors are disbursing capital is making full-year numbers almost misleading. The change inside of 2022, in other words, may at times mask
Opeyemi Awoyemi, one of Nigeria’s well-known serial founders, is back with another outfit. It’s not a tech company this time — Awoyemi co-founded online jobs site Jobberman (which was acquired by ROAM Africa in 2016) and Whogohost, a bootstrapped hosting platform — but instead, a venture studio: Fast Forward Venture Studio. Awoyemi choosing this route
During a Surface-focused event this morning, Microsoft announced that it’s integrating Apple’s iCloud storage service with the Photos app in Windows 11. After installing the iCloud for Windows app from the Microsoft Store and choosing to sync iCloud, iPhone users with Windows devices will be able to see their iPhone photos and videos within Photos.
Perhaps unsurprisingly, new PitchBook data found that U.S. companies with all female founders are raising less capital this year than the last amid current economic woes. Last year, women raised around 2.4% of all venture capital allocated, a figure that stands at 1.9% through Q3 of this year. That number becomes even lower and even
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. Hot damn, it’s happening: A bunch of the TechCrunch team are on airplanes, aeroplanes and other spellings of flying vessels to come join us in San Francisco for Disrupt. To say that
A ‘Prevention of Future Deaths’ report following a U.K. coroner’s inquest into the suicide of British schoolgirl, Molly Russell, who killed herself almost five years ago after viewing content on social media websites that promoted self harm, has recommended the government looks at requiring age verification on sign-up to social platforms to ensure the separation
Around late-September/early-October each year, I get a Slack message from Greg asking whether I’m interested in writing a gift guide (or two). “Sure,” I say, never anticipating just how much of a slog the next two months are going to be for hardware news/reviews. Putting together a roundup like that has the decided benefit of
NBCUniversal’s Peacock is unveiling a new interactive video feature that will let Peacock Premium subscribers delve into extended clips, including extra footage and interviews, from within an episode of “The Real Housewives.” From October 14-16, BravoCon attendees will be able to preview the upcoming feature by watching an episode from season 2 of “The Real
Christian Owens Contributor Christian Owens is CEO and co-founder of Paddle, a payments infrastructure provider for SaaS businesses. Scaling a SaaS company is tougher today than in the past few years. Whatever stage your company is at, a near 70% drop in the value of public SaaS stocks, increasingly limited access to funding and shrinking
Beyond Meat plans to lay off about 200 employees, or 19% of its workforce, according to a regulatory filing disclosed Friday. The company cited declining sales and said the layoffs are “based on cost-reduction initiatives intended to reduce operating expenses…and target cash flow positive operations within the second half of 2023.” Beyond Meat expects the
Sono Motors, the company building an electric vehicle that’s partially powered by the sun, debuted its flagship Sion in New York City this week as part of a multi-city tour throughout the U.S. The company aims to launch the $25,000 five-seater hatchback in Europe first — production is expected to start in the second half
Members of the European Parliament have lodged complaints against three tech giants, Amazon, Google and Meta, with the EU’s Transparency Register — aka, the oversight process that’s intended to track lobbying activity aimed at the bloc’s lawmakers — accusing the trio of breaching the lobbying transparency rules by using smaller front organizations to press their
Roku’s newest venture goes beyond your TV screen: The hardware company just announced Roku Smart Home, a new lineup of devices including security cameras, video doorbells, smart lights and voice-enabled smart plugs. The company also launched a Roku Smart Home mobile app and a security camera subscription service. Roku building out its home technologies is significant
Uganda’s controversial Computer Misuse (Amendment) Bill 2022, which rights groups say will likely be used to silence dissenting voices online, has come into force after the country’s President Yoweri Kaguta Museveni signed it into law yesterday. The country’s legislators had passed amendments to the 2011 Computer Misuse Act in early September, limiting writing or sharing
Venture debt was never meant to be used to bail a company out of financial trouble. And yet, when venture capitalists started to pull back from equity investing earlier this year because frothy market conditions made them realize that valuations were too high, it became a topic of discussion again. Across the industry, from founders
Even the largest landfills in Indonesia are at (or nearing) capacity, and the government has set an ambitious target of 30% waste reduction by 2025. Waste4Change is one of the companies that wants to help by increasing rates of recycling and enabling better waste management. The startup, which currently manages more than 8,000 tons of
There are big, overarching top-down trends, and there are little-bitty baby trends that have a way of growing into bigger ones. A big trend right now, for example, centers on certain firms that passed out enormous checks to startup founders in recent years and drove valuations sky high in the process. It turns out this
Zapier and IFTTT are, today, very large platforms for creating automation rules for texts or getting two apps to “talk” to each other via APIs. However, these are “hammers to crack nuts” when it comes to processing simple tasks needed inside businesses. Furthermore, if you include images or video, or if the text referred to
Microsoft introduced a deluge of upgraded Surface products during a virtual keynote this morning. Detailed in a blog post penned by Chief Product Officer Panos Panay, the Laptop 5 gets top billing here. The devoted touchscreen notebook arrives in 13.5- and 15-inch models, powered by Intel Evo, which the company claims will make it “50%
The moment has finally come. Today, Netflix hosted a press call to reveal a preview of its new ad-supported tier, “Basic with Ads,” which will launch on November 3 in nine countries, including the U.S., and cost $6.99 per month, $13 less than Netflix’s Premium plan. This aligns with reports that the new plan would
The only daily news program focused exclusively on technology, innovation and the future of business from San Francisco. ——– 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 Emily Chang here: Get the latest in tech from Silicon Valley and around the world here: https://www.bloomberg.com/technology
Being in the business of convincing people that they deserve a vacation is hard. Being in the business of convincing people that they can co-own a vacation house and enjoy it at the same time can be deceptively harder. Getaway — different from another venture-backed Getaway, which sells escapes to tiny cabins in the middle
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. We just keep getting more excited about Disrupt, but it turns out there’s other stuff going on in the world. A lot of other stuff, in fact; it’s one of those days
Katana, an enterprise resource planning (ERP) platform for small- and medium-sized manufacturers, has raised €35 million ($34 million) in a Series B round of funding. ERP is a form of business management software that can serve any number of functions inside a company, from marketing and risk management, to supply chain management and beyond. Integrations
Framework is at the vanguard of a growing movement to make electronics more repair-friendly. Some have done so by choice and others have been…nudged in that direction by looming right to repair legislation across the globe. Framework, like Fairphone, is making that a core principle of its technology, without sacrificing the final project (check Devin’s
Sony and Honda have officially launched their joint mobility venture that aims to start delivering premium electric vehicles with automated driving capabilities in the United States in the spring of 2026, followed by Japan in the second half of 2026. The joint venture from hardware, software and entertainment conglomerate Sony and automaker Honda to produce
Tick-tock, startup fans. We’re just days away from TechCrunch Disrupt on October 18–20 in San Francisco. If you’re still perched on that fence, we have five more reasons why you should pry open the wallet, dust off the credit card and get yourself to the Moscone Center and build a better business. Buy your pass
It’s common knowledge, especially to those who work in financial services, that the COVID-19 pandemic dramatically increased demand for digital banking globally. A flurry of fintechs emerged in hope of meeting that demand while incumbent banks clamored to step up their own digital games. And then there were those companies that existed well before the
Zen Educate, an online marketplace that algorithmically matches schools with the best available teachers, has raised £19.3 million ($21 million) in a Series A extension round of funding. Founded out of London in 2017, Zen Educate is setting out to supplant the traditional approach to recruiting teachers, a system that typically involves third-party agencies and