Source: Engadget | Tariffs hit Apple and other tech companies tomorrow
- Hurricane Dorian nears Category 5 with 150 mph winds, Trump warns it could be one of the ‘strongest’ storms… Fox News
- Hurricane Dorian expected to hit Bahamas before heading toward southeastern U.S CBS Evening News
- South Carolina declares state of emergency ahead of powerful Hurricane Dorian NBCNews.com
- The National Hurricane Center provides an update on Hurricane Dorian (LIVE) | USA TODAY USA TODAY
- Category 4 Dorian bears down on northern Bahamas, still threatens U.S. but projected turn could spare a direct Chicago Tribune
- View full coverage on Google News
- ThoughtSpot hauled in a $248M round at a $1.95B valuation
- Bedding startup Boll & Branch raised $100M
- Credit Sesame, a platform for managing loans, picked up $43M
- Mews grabbed a $33M Series B to modernize hotel administration
- Koru Kids closed a £10M Series A for its childcare platform
- Urbvan raised $9M for its private shuttle service in Mexico
- The popular shoe brand (among VCs) Atoms nabbed $8.1M
- Consider, an email service for startups, raised $5M from Kleiner Perkins
- How Pivotal got bailed out by fellow Dell family member, VMware by Ron Miller
- How to use Amazon and advertising to build a D2C startup by Matt Altman and Tyler Elliston
- Customer success isn’t an add-on — Start early to win later. By Dale Chang and Jay Nathan.
- Hurricane Dorian heads for the US: Live updates CNN
- If you lose power in Dorian, here’s how to stay updated on when it’ll be restored Miami Herald
- Hurricane Dorian strengthens to ‘extremely dangerous’ Category 4 storm Fox News
- Hurricane Dorian 2019: What category is it? How strong will it be when it hits Florida? Express.co.uk
- How We Create Our Own Hurricane Catastrophes The New York Times
- View full coverage on Google News
The creators of 'The Dark Crystal: Age of Resistance' just loved throwing puppets
Liz Shannon Miller,
Netflix's Dark Crystal prequel series debuted this week, offering fans another look at the world created by Jim Henson and Frank Oz. Th…
Source: Engadget | Recommended Reading: Behind the scenes of Netflix's 'Dark Crystal' prequel
Hurricane Dorian nears Category 5 with 150 mph winds, Trump warns it could be one of the 'strongest' storms… – Fox NewsAugust 31, 2019
Source: Engadget | The Morning After: Galaxy Note 10 review
Source: Engadget | Hitting the Books: Robots came for our jobs, then they came for our coffee
For the first time since launching the Galaxy Note, Samsung has made two sizes of its flagship big-phone. The Note 10+ is a powerhouse, but frankly, I find the smaller Note 10 more intriguing. It has a slightly smaller screen than the Note 9, s…
Source: Engadget | Samsung Galaxy Note 10 review: The right size at the wrong price
Source: Engadget | Reuters: New Telegram feature will protect HK protesters' identities
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about a new e-commerce startup, Pietra. Before that, I wrote about the flurry of IPO filings.
Peloton revealed its S-1 this week, taking a big step toward an IPO expected later this year. The filing was packed with interesting tidbits, including that the company, which manufacturers internet-connected stationary bikes and sells an affiliated subscription to its growing library of on-demand fitness content, is raking in more than $900 million in annual revenue. Sure, it’s not profitable, and it’s losing an increasing amount of money to sales and marketing efforts, but for a company that many people wrote off from the very beginning, it’s an impressive feat.
Despite being a hardware, media, interactive software, product design, social connection, apparel and logistics company, according to its S-1, the future of Peloton relies on its talent. Not the employees developing the bikes and software but the 29 instructors teaching its digital fitness courses. Ally Love, Alex Toussaint and the 27 other teachers have developed cult followings, fans who will happily pay Peloton’s steep $39 per month content subscription to get their daily dose of Ben or Christine.
“To create Peloton, we needed to build what we believed to be the best indoor bike on the market, recruit the best instructors in the world, and engineer a state-of-the-art software platform to tie it all together,” founder and CEO John Foley writes in the IPO prospectus. “Against prevailing conventional wisdom, and despite countless investor conference rooms full of very smart skeptics, we were determined for Peloton to build a vertically integrated platform to deliver a seamless end-to-end experience as physically rewarding and addictive as attending a live, in-studio class.”
Peloton succeeded in poaching the best of the best. The question is, can they keep them? Will competition in the fast-growing fitness technology sector swoop in and scoop Peloton’s stars?
In other news
Last week I published a long feature on the state of seed investing in the Bay Area. The TL;DR? Mega-funds are increasingly battling seed-stage investors for access to the hottest companies. As a result, seed investors are getting a little more creative about how they source deals. It’s a dog-eat-dog world out there, and everyone wants a stake in The Next Big Thing. Read the story here.
Rounds of the week
Time to Disrupt
Don’t miss out on our flagship Disrupt, which takes place October 2-4. It’s the quintessential tech conference for anyone focused on early-stage startups. Join more than 10,000 attendees — including over 1,200 exhibiting startups — for three jam-packed days of programming. We’re talking four different stages with interactive workshops, Q&A sessions and interviews with some of the industry’s top tech titans, founders, investors, movers and shakers. Check out our list of speakers and the Disrupt agenda. I will be there interviewing a bunch of tech leaders, including Bastian Lehmann and Charles Hudson. Buy tickets here.
This week on Equity, TechCrunch’s venture capital-focused podcast, we had Floodgate’s Iris Choi on to discuss Peloton’s upcoming IPO. You can listen to it here. Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast and Spotify.
We published a number of new deep dives on Extra Crunch, our paid subscription product, this week. Here’s a quick look at the top stories:
Source: Tech Crunch Startups | Startups Weekly: Peloton’s 29 secret weapons
Source: Google News | Hurricane Dorian heads for the US: Live updates – CNN
A suspect was arrested Friday after allegedly tossing a lit Molotov cocktail into the lobby of a U.S. Citizenship and Immigration Services office in Florida, …