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Equity transcribed: Away's $1.4B valuation and CrowdStrike's S-1
May 18, 11:39PM
Welcome back to another transcribed edition of Equity, the wildly popular TechCrunch podcast that digs deep into the week’s news about … equity. There were no IPOs this week so there was only one episode, but it was jam-packed with news about direct-to-consumer scooters, luggage funding and fake meat. This is where tech has taken […]
Sam Altman's leap of faith
May 18, 9:49PM
Earlier this year, founder-investor Sam Altman left his high-profile role as the president of Y Combinator to become the CEO of OpenAI, an AI research outfit that was founded by some of the most prominent people in the tech industry in late 2015. The idea: to ensure that artificial intelligence is “developed in a way […]
Immigrant founders, smartphone growth, SEO tactics, SoftBank's financials, and AR tech
May 18, 7:00PM
How an immigration crackdown is hurting UK startups Our European correspondent Natasha Lomas spent the past few weeks investigating what's been happening to immigrant founders and tech talent in the UK, who have been receiving more scrutiny from the Home Office in recent months. Natasha zooms in on Metail, a virtual fitting room startup, and […]
Big revenues, huge valuations and major losses: charting the era of the unicorn IPO
May 18, 4:30PM
We can make charts galore about the tech IPO market. Yet none of them diminish the profound sense that we are in uncharted territory.Never before have so many companies with such high revenues gone public at such lofty valuations, all while sustaining such massive losses. If you're a "growth matters most" investor, these are exciting times in IPO-land. If you're the old-fashioned value type who prefers profits, it may be best to sit out this cycle.
Original Content podcast: 'Game of Thrones' burns it all down
May 18, 4:00PM
This post and podcast contain spoilers for “Game of Thrones.” Our original co-host Darrell Etherington returns for this week’s Original Content podcast, which is all about “Game of Thrones” — specifically “The Bells,” an episode that seems to have prompted more fan outcry than anything in the last seven-and-a-half seasons. The controversy, of course, comes […]
Myneral.me wins the TechCrunch Hackathon at VivaTech
May 18, 3:49PM
It's been a long night at VivaTech. The building hosted a very special competition — the TechCrunch Hackathon in Paris. Hundreds of engineers and designers got together to come up with something cool, something neat, something awesome. The only condition was that they only had 36 hours to work on their projects. Some of them […]
Startups Weekly: There's an alternative to raising VC and it's called revenue-based financing
May 18, 12:00PM
In this week's newsletter: Amazon takes a bite of Deliveroo and Away packs on $100M
How an immigration crackdown is hurting UK startups
May 18, 1:03AM
The two people who sat down in reception without an appointment would not leave the startup’s office until the end of the day. Two months later, a letter followed informing the company it had been suspended from the United Kingdom’s register of licensed sponsors, the database of companies the government has approved to employee foreign […]
How to navigate the UK's immigration compliance nightmare
May 18, 1:01AM
The United Kingdom’s current government has ended up restricting high-skill immigration as part of its larger drive to decrease all immigration. While it pays lip service to being a startup hub, we just published an article examining how one promising high-profile startup, Metail, has been cut off from hiring more key workers over a rather […]
Clutter has picked up Omni's storage business; Omni to focus on rentals
May 17, 11:46PM
On the heels of Clutter announcing a large growth round of $200 million earlier this year, the storage startup is cleaning up the competitive field. TechCrunch has learned and confirmed that Clutter has purchased the storage business of erstwhile rival Omni. Omni will remain an independent company, which will now instead focus on rentals of personal […]
Zipline's new $190 million funding means it's the newest billion dollar contender in the game of drones
May 17, 11:19PM
With a valuation of over $1 billion and $190 million in new financing, Zipline has become the latest contender to be the leader in the game of drones. The competition to be a leading vendor of delivery drone services is fierce, but Zipline has already built its billion-dollar business selling its hardware and services as […]
As Quibi reportedly seeks another $1 billion, Fiction Riot fills the programming slate for its rival service
May 17, 10:40PM
Even as Quibi, the short form video platform from Jeffrey Katzenberg’s WndrCo, reportedly looks to raise another $1 billion, rival service Fiction Riot continues to steadily build out its pipeline of short form serials. The Los Angeles-based company has already launched a beta version of its streaming service, Ficto, and yesterday announced a host of […]
Powerbeats Pro are the Bluetooth earbuds to beat
May 17, 10:02PM
Let's get the bad out of the way first, shall we? For starters, that charging case is huge. There's no way around it. It's something that's become more and more apparent as the weather is warmer and I no longer have jacket pockets to carry it around in. If you shell out the money for […]
Starbucks' Chinese nemesis surges 20% in public debut
May 17, 9:35PM
Shares of Luckin Coffee jumped 20% in its first day of trading on the Nasdaq stock market. After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high as $25.96, or more than 50%, before settling back down to $20.38 at the market’s close. The company has a market cap north of $5 […]
'Crypto exchange' Goxtrade caught using other people's photos on its staff page
May 17, 8:42PM
Alleged cryptocurrency exchange Goxtrade bills itself as a “trusted platform for trading bitcoins,” but its staff page is filled with photos of people pulled seemingly at random from the internet. The alleged exchange, which claimed to debut in 2017 yet its website is only a little more than a week old, used photos taken from […]
Netflix takes on 'Project Runway' with new competition series co-hosted by Queer Eye star
May 17, 8:35PM
Netflix is launching its own take on Project Runway, and it’s bringing in Queer Eye’s Tan France to host. While Project Runway has grown to become one of the most popular fashion-focused reality shows to ever hit TV, the franchise, now on Season 17, is getting a little long in the tooth — and in […]
DNA Script picks up $38.5 million to make DNA production faster and simpler
May 17, 8:20PM
DNA Script has raised $38.5 million in new financing to commercialize a process that it claims is the first big leap forward in manufacturing genetic material. The revolution in synthetic biology that’s reshaping industries from medicine to agriculture rests on three, equally important pillars. They include: analytics — the ability to map the genome and […]
Credder offers Rotten Tomatoes-style ratings for the news
May 17, 8:10PM
In an age of online misinformation and clickbait, how do you know whether a publication is trustworthy? Startup Credder is trying to solve this problem with reviews from both journalists and regular readers. These reviews are then aggregated into an overall credibility score (or rather, scores, since the journalist and reader ratings are calculated separately). So […]
Rivian debuts a pull-out kitchen for its electric pickup truck
May 17, 7:44PM
Sometimes you need scrambled eggs. And with that thought, today at the Overland Expo in Flagstaff, AZ, Rivian announced a major accessory for its electric pickup: A camp kitchen. The unit slides out from the Rivian R1T’s so-called gear tunnel that lives between the bed and cab. The kitchen includes storage and a stove that’s […]
Magic Leap buys Belgian startup building hologram teleconferencing software
May 17, 7:01PM
Princess Leia’s hologram message to Obi-Wan is getting closer to reality, at least augmented reality. Magic Leap announced yesterday that they’ve agreed to acquire Belgian startup Mimesys. The team has been working on bringing Star Wars-esque volumetric video calls to the Magic Leap platform, and it seems that the Florida AR startup liked what they […]
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