News that Jack Dorsey is out at Bluesky caused a stir this weekend. After all, Dorsey is a former Twitter co-founder and CEO, so his investment of time into the rival social network carried weight. The decentralized social networking service said that it is looking for a new board member. But while we had to […]
Dorsey leaves Bluesky, tech giants do more with less, and the next IPO Read More »
Welcome to Startups Weekly — Haje’s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Musk’s 10-month-old baby, xAI, is closing in on a whoppin’ $6 billion funding round. The social network X, née Twitter — also part of Elon’s tech
Musk raises $6B for AI startup. Also, is TikTok dodging Apple’s commissions? Read More »
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized
A comprehensive list of 2024 tech layoffs Read More »
When you’re an early stage startup, you are clamoring for customers. It’s imperative that you start generating revenue as soon as possible because it is a metric that investors look at: how fast you’re growing revenue between your seed and your A round. If you aren’t generating a ton of revenue, you’ll probably have a
When a startup is better off saying no to revenue Read More »
Hubble Network has become the first company in history to establish a Bluetooth connection directly to a satellite — a critical technology validation for the company, potentially opening the door to connecting millions more devices anywhere in the world. The Seattle-based startup launched its first two satellites to orbit on SpaceX’s Transporter-10 ride-share mission in
Hubble Network makes Bluetooth connection with a satellite for the first time Read More »
Lacey Hunter thought all was well as she put her startup through the three-month Newchip accelerator. Then the organization filed for bankruptcy in May 2023. Things went from bad to worse later that year when she discovered warrants of her company — rights to buy an ownership stake — had become part of the proceedings,
They thought they were joining an accelerator — instead they lost their startups Read More »
Here’s your shot across the bow — there’s a little over one month left to nominate your startup for Startup Battlefield 200 at Disrupt. Join this elite group for a new and awesome opportunity at TechCrunch Disrupt. It’s positively packed with perks and possibilities to get your company to the next level. Don’t delay: Apply to
1 month left to submit nominations for Startup Battlefield 200 Read More »
The logistics industry in Nigeria, like any informal sector, struggles with poor infrastructure and other inefficiencies, making it difficult for businesses — both large and small — to move and store goods. Many startups have tackled middle-mile and last-mile delivery challenges, but one untapped area is providing an end-to-end fulfillment solution. Renda, a three-year-old startup,
Renda, which provides order fulfillment for businesses in Africa, takes in $1.9M Read More »
ButcherBox is known for grinding its way forward, bootstrapping to more than $600 million worth of revenue. The company hasn’t traditionally been on the M&A path, but today it announced it is acquiring Truffle Shuffle, which you may remember from a “Shark Tank” episode back in 2021 (or, perhaps, “The Goonies“). The acquisition helps ButcherBox
ButcherBox acquires ‘Shark Tank’-featured startup Truffle Shuffle Read More »
Freshworks, the publicly listed SaaS firm, is acquiring U.S.-based startup Device42 for $230 million, the company disclosed in an SEC filing. Alongside the acquisition disclosure, Freshworks revealed that founder Girish Mathrubootham has stepped down as CEO. Dennis Woodside, who joined Freshworks as president in September 2022 and previously served as CEO of Motorola Mobility, will
Freshworks acquires Device42 for $230M, appoints Dennis Woodside new CEO Read More »
