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Stripe raises new funding, Uber acknowledges financial uncertainty and a controversial facial recognition startup accidentally exposes its source code. Here’s your Daily Crunch for April 17, 2020. 1. Stripe raises $600M at $36B valuation in Series G extension, says it has $2B on its balance sheet The economy may be contracting as a result of …
April 17, 2020 | by RaheelAirbnb has ended its contracts with contingent workers early and postponed summer internships, Protocol reports. Contractors at Airbnb serve as property inspectors, home consultants and more. Contractors will reportedly receive no less than two weeks’ pay after receiving notice from their temp agencies. Airbnb will also reportedly delay hiring undergraduate students until next year. TechCrunch …
April 17, 2020 | by RaheelVox Media is making a number of cutbacks in response to the economic fallout from the COVID-19 pandemic. In addition to Vox itself, the digital media company owns properties including Curbed, Eater, Recode, SB Nation and The Verge — and it acquired New York Magazine last year. In a staff memo obtained by TechCrunch (and …
April 17, 2020 | by RaheelHello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday news broke that Robinhood is on the hunt for new capital at a roughly flat valuation, per friend of the blog Katie Roof. If you are a bit confused by the news, I understand. …
April 17, 2020 | by RaheelCodementor, an online education platform for software developers, is launching Code Against COVID-19 to match volunteers with software projects to fight the pandemic. The initiative, which Codementor is not making money from, wants to connect coders with universities, non-profits, local government agencies and other organizations. Some of the programs Code Against COVID-19 is currently working …
April 17, 2020 | by RaheelSchools have been closed for the past month in France. That’s why French startup Molotov is leveraging its over-the-top TV service to offer content for children of all ages. In particular, the company has partnered with SchoolMouv, a company that offers videos, exercises and more. Dubbed “Molotov for School”, the new section lets you find …
April 17, 2020 | by RaheelOn-demand mobility, when done successfully, strikes a balance between demand and supply while providing reliable service and making a profit. It’s a sweet spot that can be difficult, if not impossible, to find. Autofleet, a startup that develops fleet optimization software to redirect underused vehicles into ride-hailing and delivery services, wants to solve that mission …
April 16, 2020 | by RaheelWhenever a platform breaks out, companies emerge to seize on its reach by building their services or products atop it. It happened with Facebook and Twitter and Slack. Now, it’s happening with Zoom, the video conferencing company that took the world by storm earlier this year as the coronavirus sent people around the globe indoors …
April 16, 2020 | by RaheelIn a message posted to its internal communications channel earlier this week, the massive startup accelerator Y Combinator said it will change the terms of its own PPP (the YC pro rata investment program) and investing in companies raising seed and Series A rounds on a case-by-case basis. The company began a policy of investing …
April 16, 2020 | by RaheelStarting tomorrow, 777 supermarkets in California, Illinois, Indiana, Iowa and Nevada will begin stocking the Impossible Foods plant-based meat substitute. Fueling the increased distribution and a push to expand its product suite and geographic footprint domestically and internationally is a $500 million round of funding the company closed in March. Some of that money is …
April 16, 2020 | by Raheel