Luckin Coffee has replaced co-founder and (now ex-) chairman Charles Zhengyao Lu, despite his efforts to maintain control over the troubled Beijing-based coffee chain. The company disclosed in an SEC filing on Monday that Jinyi Guo, another co-founder, board member and former acting chief executive of Luckin, has been appointed as its new chairman and […]
The Bronco is officially back. After 24 years, Ford relaunched the 2021 Bronco in a splashy reveal streamed Monday evening on ABC, ESPN and National Geographic, each short film showcasing a different member of the family: the Bronco 2-door, Bronco 4-door and Bronco Sport. The Bronco 2021 — Ford’s flagship series of 4×4 vehicles — […]
As expected, BigCommerce has filed to go public. The Austin, Texas, based e-commerce company raised over $200 million while private. The company’s IPO filing lists a $100 million placeholder figure for its IPO raise, giving us directional indication that this IPO will be in the lower, and not upper, nine-figure range. BigCommerce, similar to public […]
Snapchat could be gearing up to more directly challenge TikTok. The company confirmed it’s testing a new experience that allows users to move through Snapchat’s public content with a vertical swiping motion — a gesture that’s been popularized by TikTok, where it allows users to advance between videos. Snapchat says the feature is one of […]
Virtual classes might make it easier to work out anywhere, anytime, but not for anyone. Mainstream fitness tech often targets the young and fit, in advertisements and cardio-heavy exercises. It effectively excludes aging adults from participating. This gap between mainstream fitness and elders is where Mighty Health, a Y Combinator graduate, comes in. Mighty Health […]
Startup accelerators tend to grow the size of each new class over time, as more of their portfolio companies find exits, their network of mentors expands and they find new ways to scale things up. The most recognized example of this is almost certainly Y Combinator, which started with a group of just eight companies […]
After a heated run, SaaS and cloud stocks dipped sharply during regular trading on Monday. According to the category-tracking Bessemer cloud index, public SaaS and cloud stocks dropped around 6.5% today, a material blow to the value of some of the world’s most highly valued companies, measured by sector-averaged revenue multiples. After recovering all their […]
The last three-and-a-half years have been hell for immigrants and hell for immigration lawyers. Probably a lot of caring government immigration adjudicators have felt it, too. But it’s like an abusive relationship
Over the last few months, just about any tech company that can go remote has gone remote. Are companies adopting remote for the long haul, or is it just a holdover until they can get people back in the office? What are newly remote companies getting wrong or right in the transition? If a company is […]
It’s been two weeks since Reddit and Twitch made key moves to ban political content over service violations. As Twitch noted at the time, its suspension of the official Trump account was just temporary. Following earlier reports, the service confirmed with TechCrunch that the account had been reinstated. A spokesperson for the company also reiterated […]
The world’s massive experiment with remote learning has done more than emphasize the cracks in the way we learn. It’s brought much needed attention and capital to potential solutions. But it’s not just investors who are flurrying to the space; edtech incumbents are taking notice, too. Recent acquisitions show that edtech’s growth spurt is forcing […]
It’s beginning to be a sign of the times: smaller or younger space companies getting acquired by larger entities. Today, the company being acquired is Pioneer Astronautics, which has been bought by Voyager Space Holdings in a combined cash and stock deal. Voyager, which bills itself as the “first space-focused holding company,” now has a […]
There’s one thing I can’t stop thinking about every time I look at the Superstrata: Just how quickly the thing would get stolen. That’s no knock against the bike itself — in fact, it’s probably a point in its favor. If anything, it’s probably just another in a long list of signs that I’ve been […]
We’re a few days away from kicking off TC Early Stage 2020. Join us on July 21-22 for a two-day online masterclass designed to help early-stage startup founders build their business and keep moving forward. Bonus: Buy your ticket now and you’ll get a free annual membership to Extra Crunch, our subscription program focused on […]
The stakes keep getting higher for American discount brokerage Robinhood, which today disclosed that it has added hundreds of millions of dollars to its previously disclosed funding round. Including the $280 million that the company had already announced, Robinhood said that it was “pleased to share” that it “raised an additional $320 million in subsequent […]
The second quarter’s venture capital results are coming into focus. The Exchange will have more notes on Q2’s venture results this week, but this morning we’re digging into our first dataset concerning what happened in the world of private capital from April through June. Crunchbase News — a place I used to work, it feels […]
Global enterprises will transform education, recruitment and training post COVID-19, permanently altering how we value and participate in higher learning.
After a series of closed alpha tests, Microsoft’s Xbox Game Studios and Asobo Studio today announced that the next-gen Microsoft Flight Simulator 2020 will launch on August 18. Pre-orders are now live and FS 2020 will come in three editions, standard ($59.99), deluxe ($89.99) and premium deluxe ($119.99), with the more expensive versions featuring more […]
Skydio has raised a $100 million Series C funding round, which was led by Next47 and includes participation from other new investors Levitate Capital and NTT DOCOMO Ventures, as well as existing investors a16z, IVP and Playground. This new funding will help the drone maker move faster on its product development efforts, and expand its […]
Apple announced this morning it’s allocating more than $400 million toward affordable housing projects and other homeowner assistance programs in California, as a part of its earlier multiyear pledge of $2.5 billion to address the state’s housing crisis and homelessness issues. The funding is expected to support thousands of Californians with first-time homebuyer assistance or […]
