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Clubhouse is building a DM text chat feature

5 years 3 months ago
Some Clubhouse users were treated to a surprise feature in their favorite app, but it wasn’t long for this world. A new UI element called “backchannel” popped up briefly before disappearing late last week, pointing the Clubhouse faithful to a new area of the app and generating plenty of chatter among users ready for more […]
Taylor Hatmaker

Mobile commerce startup Via rounds up $15 million in Series A funding

5 years 3 months ago
Mobile commerce is where it’s at, and rising investment in so-called conversational commerce startups underscores the opportunity. Via, a two-year-old, Bay Area-based startup, is among those riding the wave, having identified some trends that are becoming clearer by the month. First, more e-commerce sales will be on mobile phones this year than desktops (as much […]
Connie Loizos

Facebook’s entry into VR advertising isn’t going too well

5 years 3 months ago
Facebook’s efforts to bring advertising to the Oculus virtual reality platform it has spent billions of dollars building out doesn’t seem to be off to a great start. The company announced last week that they were planning to roll out their first in-game ads inside the title “Blaston” from the prolific VR game developer Resolution […]
Lucas Matney

Twitch suspends two popular female creators over sexy ASMR streams

5 years 3 months ago
Popular Twitch streamers Amouranth and Indiefoxx are the two latest casualties of Twitch’s ongoing battle to enforce its own confusing rules around sexually suggestive content. Both creators were suspended following ASMR streams that pushed the bounds of Twitch’s community guidelines forbidding content that isn’t quite sexual in nature but is still too risqué for a […]
Taylor Hatmaker

Electric utility bike startup Ubco raises $10 million to fund its global expansion

5 years 3 months ago
Ubco, the New Zealand-based electric utility bike startup, has raised $10 million to fund a global expansion focused on the U.S. market and scale up its commercial subscription service business.  Ubco’s hero product, the Ubco 2X2, is an all-wheel drive electric motorbike that looks like a dirt bike but rides like a moped. What began […]
Rebecca Bellan

Spielberg’s Amblin inks multiyear feature film deal with Netflix

5 years 3 months ago
In something of an about-face, Amblin Partners, Steven Spielberg’s long-running film production company, will produce several films per year for Netflix. The deal reflects Netflix’s rising star and arguably acceptance by the legendary director of a new order to the cinematic world where home viewing is a first-class citizen. The deal was announced in a […]
Devin Coldewey

Sneaker community startup SoleSavy raises $12.5 million Series A to build an end-to-end sneakersphere

5 years 3 months ago
Collectibles boomed during the pandemic and while NFT outfits like NBA Top Shot exploded as consumers flirted with newer efforts, the sneaker world grew even more mature with enthusiasts digging deeper into communities dedicated to the hobby/passion/obsession/alternative asset class. Vancouver’s SoleSavy, a sneaker community dedicated to giving fans a curated place to navigate the world […]
Lucas Matney

TikTok launches Jump, a third-party integration tool

5 years 3 months ago
TikTok announced today the launch of its Jump program, which expands the app’s potential for third-party integrations. TikTok began beta-testing this feature in February with Whisk, a recipe-sharing app, though only select creators could use the feature. Now, Jump will start rolling out to all users with an expanded slate of partners. Jumps can only […]
Amanda Silberling

India proposes tougher e-commerce rules to address ‘widespread cheating’ complaints

5 years 3 months ago
India proposed on Monday banning flash sales on e-commerce platforms and preventing their affiliate entities from being listed as sellers as the South Asian market looks to further tighten rules that could hurt the future prospects of Amazon and Walmart’s Flipkart in the world’s second-largest market. The proposal (PDF), unveiled by India’s Ministry of Consumer […]
Manish Singh

Toyota Research Institute shows how its robotics work with difficult surfaces in the home

5 years 3 months ago
Following this morning’s announcement that Hyundai has closed its acquisition of Boston Dynamics, another automotive company has posted some robotics news. The Toyota Research Institute announcement is decidedly less earthshaking than that big deal — if anything, it’s more of a progress check on what the division has been working on. Of course, incremental updates […]
Brian Heater

Uber to become the sole owner of grocery delivery startup Cornershop

5 years 3 months ago
Uber has reached a deal to become the sole owner of Latin American delivery startup Cornershop, just one year after acquiring a majority stake in the company. The ride-hailing giant said in a regulatory filing Monday that it will purchase the remaining 47% interest in Cornershop in exchange for 29 million shares. The transaction is […]
Aria Alamalhodaei

Can the military academies compete with Stanford and Harvard in venture? Two veterans are raising $50M to find out

5 years 3 months ago
Soldier-entrepreneurs are unfortunately still a rare breed in Silicon Valley, despite the region’s origins in Cold War defense spending. While the courage and perseverance required to fight in an overseas battlefield (or the office bureaucracy on base) would seem a perfect fit for the travails of the founder, the reality is that the journey from […]
Danny Crichton

Maybe neobanks will break even after all

5 years 3 months ago
Neobanking has yet to show that it can generate positive, growing free cash flows over a multiyear period. But their results at least indicate that such incomes could occur in time.
Alex Wilhelm

Porsche to make high-performance batteries in joint venture with Customcells

5 years 3 months ago
Luxury sports car manufacturer Porsche AG is going into the battery business. The automaker said Monday it plans to open a new factory that will produce high-performance cells through a joint venture with lithium-ion battery developer Customcells. Porsche invested in “the high double-digit millions” in the new joint venture, dubbed Cellforce Group GmbH, executive board […]
Aria Alamalhodaei

Seed is not the new Series A

5 years 3 months ago
Most Series A investors today look for around $2 million in annual recurring revenues (ARR) before they lean in, but getting to that figure is a very long and thorny path.
Ram Iyer
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