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Lyft sets $62-68 price range for its IPO to raise $2B, will trade as LYFT on Nasdaq
Mar 18, 11:10AM
Ride-sharing startup Lyft this morning announced that it is kicking off the roadshow for its IPO — setting the clock ticking for its IPO likely in around two weeks. Around that, it also filled in some more details. The stock will trade as “LYFT” on Nasdaq and the IPO range is currently set for between […]
Meet eFounders' next batch of startups that want to redefine the future of work
Mar 18, 10:10AM
European startup studio eFounders has been relentlessly building new startups over the past few years. In 2019, the company plans to launch Bonjour, a demo tool for sales teams, Chilli, a recommandation service to help small and medium companies leverage modern software-as-a-service products, and Swan, a banking API to generate banking services on demand. If […]
KashFlow founder Duane Jackson has launched Staffology, a payroll SaaS and API
Mar 18, 10:00AM
We already knew that serial entrepreneur Duane Jackson, who is best known for founding and exiting cloud accounting software KlashFlow, was working on his third venture after recently selling Supdate to Crowdcube. And today Staffology, which Jackson tells me he began developing just over a year ago, is launching publicly. Dubbed Staffology Payroll, the U.K. […]
Lyft's imminent IPO could value the company at $23B
Mar 18, 3:29AM
Ridehailing firm Lyft will reportedly make its Nasdaq debut as early as next week.
Transportation Weekly: Uber's spending habits, Tesla Model Y, scooters and AVs in Austin
Mar 17, 10:19PM
Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up by reading the first edition here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see […]
To get big faster, younger unicorns start buying startups sooner
Mar 17, 9:49PM
In the name of getting big quick, it seems like some of the most valuable private tech companies are turning to mergers and acquisitions (M&A) as a way to accelerate business growth. So-called "unicorns"—privately-held technology companies which achieve billion-dollar valuations sometime before (or as a direct result of) going public or exiting via M&A—are chomping […]
These are the robots that help you get your Amazon packages on time
Mar 17, 8:30PM
Months before the hard-fought battle for its second global headquarters in Queens, Amazon planted a massive, 855,000-square-foot flag in Staten Island. The $100 million JFK8 fulfillment center opened last fall, after an "on the spot" hiring spree, aimed at employing an eventual 2,250 people. The new factory smell still permeated the air when we visited […]
Doorport wants to make your apartment building's front door smarter
Mar 17, 7:08PM
If you live in a big city, you’ve probably had your fair share of battles with apartment intercom systems. Those electronic gatekeepers with their tiny screens, sticky buttons, and seemingly endless lists of names to tap through in search of a friend who can buzz you in. Doorport wants to make those existing systems a […]
Nala has built a hassle-free, offline mobile money payment platform for Africa
Mar 17, 5:53PM
Benjamin Fernandes, the Tanzanian co-founder chief executive of Nala, spent hundreds of hours talking to local Tanzanians about their frustrations with mobile money payment services before he launched his new payment platform. While at least a hundred million Africans hold mobile money accounts, the process of transacting over the services is difficult, so Nala made […]
Facebook failed to block 20% of uploaded New Zealand shooter videos
Mar 17, 4:42PM
Facebook said it removed 1.5 million videos from its site within the first 24 hours after a shooter livestreamed his attack on two New Zealand mosques, killing 50 people. In a series of tweets, Facebook’s Mia Garlick said a total of 1.2 million videos were blocked at the point of upload. Videos that included “praise […]
A huge trove of medical records and prescriptions found exposed
Mar 17, 4:05PM
A health tech company was leaking thousands of doctor’s notes, medical records, and prescriptions daily after a security lapse left a server without a password. The little-known software company, California-based Meditab, bills itself as one of the leading electronic medical records software makers for hospitals, doctor’s offices, and pharmacies. The company, among other things, processes electronic […]
Welcome to the hub of all hubs: Cosmos has launched
Mar 17, 1:00PM
Last week the Cosmos Network launched, which I believe to be a major event. Yes, it’s a blockchain initiative — but definitely not just another one. If I’m right, its repercussions will one day reach your life too, though it’s sufficiently bleeding-edge that those ripples probably won’t hit you for a decade. Maybe five years, […]
Decade in review: Trends in seed- and early-stage funding
Mar 16, 9:30PM
We've decided to step back from the breaking news for a minute to conduct a review of seed and early-stage funding trends over the last decade for U.S.-based companies. I'm fairly certain we can all agree that the environment for startups has changed dramatically in the past 10 years, specifically in two major ways: The […]
Vectordash's cloud gaming service brings crypto-miners a new revenue stream
Mar 16, 6:39PM
PC gaming has grown to be a pretty wide niche of people with some far-flung similarities and differences, one thing they all share are souped-up rigs that rely on beefy GPUs. This is fine for those with dedicated machines but PC gaming isn’t too friendly to those trying to pull double-duty on their everyday machine. […]
Equity transcribed: Uber IPO, Stash's raise and more YC movement
Mar 16, 5:42PM
Welcome back to this week’s transcribed edition of Equity, TechCrunch’s venture capital-focused podcast that unpacks the numbers behind the headlines. We're running an experiment for Extra Crunch members that puts the words of our wildly popular venture capital podcast, Equity, in your eyes instead of your ears. This week, along with guest Anu Duggal, the […]
Pre- and Post-Money SAFEs: Choosing the right one for your startup
Mar 16, 5:15PM
Jared Verzello Contributor Jared Verzello is a startup and venture capital lawyer and GM of Atrium Seed where he guides companies through formation, fundraising, hiring, and managing board meetings. With Y Combinator's Demo Day taking place at Pier 48 in San Francisco next week, its largest batch of companies ever is getting ready to present […]
Apex Legends is prepping for a big Battle Pass launch
Mar 16, 4:38PM
Apex Legends surprised the gaming world two months ago, bringing a new, frenetic dynamic to the Battle Royale genre of games that has already attracted 50 million players. That first huge milestone didn’t come at a cheap price — EA reportedly paid Ninja $1 million to stream the game. But now the question concerns whether […]
This YC-backed startup preps Chinese students for US data jobs
Mar 16, 2:05PM
In recent years, data analysts have gone from optional to a career that holds great promise, but demand for quantitative skills applied in business decisions has raced ahead of supply as college curriculum often lags behind the fast-changing workplace. CareerTu, a New York-based startup launched by Ruiwan Xu, a former marketing manager at Amazon, aims […]
Apple kerfuffles, praise groups, and media layoffs
Mar 16, 1:30PM
Lots of news and interesting tidbits to wrap up the week. Apple kerfuffles Apple has been vindicated (for a brief moment anyway) in its long-standing dispute with Qualcomm. From Stephen Nellis at Reuters: A U.S. federal judge has issued a preliminary ruling that Qualcomm Inc owes Apple Inc nearly $1 billion in patent royalty rebate […]
Startups Weekly: Uber's headline-grabbing week and sextech at SXSW
Mar 16, 12:00PM
In this week's newsletter: The college admissions scandal engulfs TPG, Accel raises $2.5B for three funds and investing app Stash brings in $65M.
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