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It takes either audacious self-confidence or reckless hubris to build a completely asocial video app in 2020. You can decide which best describes Quibi, Hollywood’s $1.75 billion-funded attempt at a mobile-only Netflix of six to 10-minute micro-TV show episodes. Quibi manages to miss every trend and tactic that could help make its app popular. The …
April 9, 2020 | by RaheelKate Farms, the supplier of a plant-based liquid meal formula used by hospitals and healthcare providers around the country as a nutritional supplement for patients who cannot process solid foods, has raised $23 million in a round of funding. The new money will allow the company to ramp up its production as it looks to …
April 9, 2020 | by RaheelEsports One is a startup betting that there’s a big opportunity in bringing a fantasy sports approach to the world of esports — particularly at a time when traditional pro sports are on pause. Co-founder and COO Sharon Winter told me that the company’s platform, which is leaving beta testing today, is the first “all-in-one …
April 9, 2020 | by RaheelFollowing voluntary employee furloughs and salary cuts in the U.K., Monzo is continuing to take tough decisions in order to shore up its financial position amidst the coronavirus crisis and resulting economic downturn. The latest move — which TechCrunch understands was being considered prior to the pandemic, though undoubtedly the decision was escalated and made …
April 9, 2020 | by RaheelAlex Gold Contributor Share on Twitter Alex Gold is co-founder of Myia, an intelligent health platform employing novel biometric data to predict and prevent costly medical events. Previously, Alex was Venture Partner at BCG Digital Ventures and a co-founder of Traction, a marketplace of digital marketing experts. More posts by this contributor Build trust with …
April 9, 2020 | by RaheelWiliam Carleton Contributor Share on Twitter William Carleton leads the Tech, Video Games & Emerging Media practice at McNaul Ebel Nawrot & Helgren PLLC in Seattle. Many presume that the SBA’s “affiliation” rules will prevent venture-backed startups from applying for loans under the Paycheck Protection Program (PPP) of the CARES Act. I think that’s unfortunate, …
April 9, 2020 | by RaheelStartups are preparing for fundraising to become even harder to secure, due to a venture market slow down caused by COVID-19. The pandemic has led to less market activity, which means fewer liquidity deals for investors, which translates into less fresh capital (or dry powder) to put into startups. As a result investors have told …
April 9, 2020 | by RaheelThough the effects of the coronavirus pandemic on restaurants has been crystal clear, many forget the impact this disease has had on food chain suppliers. With restaurants closed, these suppliers — who still have access to tons upon tons of food — no longer have customers. Meanwhile, end consumers are dealing with their own stresses …
April 9, 2020 | by RaheelDomestic stocks rose today in the United States, with all major indices opening higher. TechCrunch has slowed its daily coverage of the US stock market as volatility has receded. We try to avoid covering the stock market too much, but there are days when doing so would be derelict. The value of public companies impacts …
April 9, 2020 | by RaheelReady or not, edtech has been shoved into the spotlight as millions of students shifted to remote learning due to pandemic-related school shutdowns. But backing these companies are investors who have long believed that edtech was always set up for great returns and a big impact. We reached out to several to find out about …
April 9, 2020 | by Raheel