Amazon CEO Andy Jassy Announces ‘Most Difficult Decision’ in More Bad News for the Tech Giant Next Year
Other tech companies like Meta, Twitter and Shopify are feeling the same pressure.
New leaders, new fund: Sequoia has raised $7B to expand its AI bets
The fundraise is the first major capital raise under Sequoia’s new leadership, with Alfred Lin and Pat Grady now serving as co-stewards of the 54-year-old firm.
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Pick your poison: recruitment or retention?
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Alex and Natasha discussed the latest and greatest of this consuming news cycle. Our goal with the episode, as always, is to go beyond what you may see in a 140 […]
Pick your poison: recruitment or retention? by Natasha Mascarenhas originally published on TechCrunch
Patreon competitor Fanfix launches ‘SuperLink,’ a link-in-bio platform aimed at Gen Z creators
Fanfix, the Patreon-style platform focused on Gen Z, announced today the launch of SuperLink, a standalone monetization-focused link-in-bio platform that displays a creator’s Fanfix page. Fanfix previously partnered with various link-in-bio companies, including Koji, Beacons and Hoo.bee. However, the company says many of its creators requested Fanfix build its own version of the feature. It […]
Patreon competitor Fanfix launches ‘SuperLink,’ a link-in-bio platform aimed at Gen Z creators by Lauren Forristal originally published on TechCrunch
Jumia to cut products and overheads as new management chase profits
Last Monday, Jumia co-founders Sacha Poignonnec and Jeremy Hodara resigned from their roles as co-CEOs, just ten days before the company’s third-quarter 2022 financial report. The end of their tenure, therefore, marked the first time a new face — Francis Dufay, the ex-chief at Jumia Ivory Coast and now acting CEO of Jumia — took […]
Jumia to cut products and overheads as new management chase profits by Tage Kene-Okafor originally published on TechCrunch
Fund of funds Sweetwood Ventures bets big on VC’s smallest funds
Despite legacy venture capital firms continuing to raise bigger and bigger funds, LPs may have more luck focusing on the small stuff. Amit Kurz, a general partner at Israel-based fund of funds Sweetwood Ventures, thinks so. He told TechCrunch that last year he started to notice more and more tiny funds he wasn’t familiar with […]
Fund of funds Sweetwood Ventures bets big on VC’s smallest funds by Rebecca Szkutak originally published on TechCrunch
How much tax will you owe when you sell your company?
Personal tax planning can ultimately impact a founder’s take-home proceeds as much as exit-level valuation changes can.
How much tax will you owe when you sell your company? by Ram Iyer originally published on TechCrunch
Deep Tech Startup NeuralGarage Raises $1.45 Million In Seed Funding
The fund raised will be used by the company to enhance its capabilities by investing in talent across R&D, engineering and product
Google clamps down on illegal loan apps in Kenya, Nigeria
Google is requiring loan apps in Kenya to submit proof of license to operate in the country, failure to which they risk removal from Play Store, its digital distribution service. Those that have applied for licensing from Central Bank of Kenya, and can produce evidence of the same, may also be spared. Google’s action has, […]
Google clamps down on illegal loan apps in Kenya, Nigeria by Annie Njanja originally published on TechCrunch
China’s EV upstart Nio switches on power swap station in Sweden
Electric vehicle startup Nio is accelerating its expansion in Europe. The premium EV maker just launched its first power-swapping station in Varberg, Sweden, the company said in a LinkedIn post. When it comes to charging, Nio differentiates itself from its rivals by offering swappable batteries, which are upgradable and charge a monthly subscription fee, on […]
China’s EV upstart Nio switches on power swap station in Sweden by Rita Liao originally published on TechCrunch
Daylight, the LGBTQ+ neobank, raises cash to launch subscription plan for family planning
A day after a bill that would codify same-sex marriage in the U.S. cleared a key hurdle in the Senate, Daylight, a digital bank that pitches itself as LGBTQIA+-friendly, closed a $15 million Series A round led by Anthemis Group with participation from CMFG Ventures, Kapor Capital, Citi Ventures and Gaingels. Daylight Co-founder and CEO […]
Daylight, the LGBTQ+ neobank, raises cash to launch subscription plan for family planning by Kyle Wiggers originally published on TechCrunch