Hello once more! Welcome again to Week in Review, the publication the place we rapidly recap the highest tales to cross TechCrunch dot-com over the previous seven days. Want it in your inbox? Get it right here.
The most learn story this week is sort of a wild one: Bolt Mobility, an on-demand bike/scooter rental firm co-founded by Usain Bolt, kinda simply…vanished. “The departure has been abrupt,” writes Rebecca, “leaving cities with abandoned equipment, unanswered calls and emails, and lots of questions.”
Amazon buys iRobot: Bezos needs all of the issues. Whole Foods! One Medical! And now…Roomba? In this newest in a collection of seemingly sudden and considerably shocking acquisitions, Amazon is dropping $1.7 billion for the corporate greatest recognized for its robo vacuums.
Facebook shuts down reside purchasing: If you utilize Facebook’s “live shopping” characteristic to promote issues through stream, it is perhaps time to discover a new platform. While reside streaming isn’t going away, the devoted shopping-focused options will go darkish come October.
Starbucks is entering into web3: I’d roll my eyes, however given how many individuals I do know insist on shopping for a Starbucks mug from each main metropolis they go to…
More Robinhood layoffs: Oof. Just a number of months again, Robinhood reduce 9% of its full-time workers; this week, the corporate confirmed it’s letting go of one other 23%. Citing overhiring over the previous couple of wild years, CEO Vlad Tenev writes “I approved and took responsibility for our ambitious staffing trajectory — this is on me.”
YC will get smaller: It needed to occur ultimately. Y Combinator had been getting greater and greater with every accelerator class, peaking at an absurd 414 corporations within the final batch. They’re scaling issues again a bit with the subsequent cohort — however at roughly 250 corporations, it’s nonetheless comparatively large.
Podcasts! Get your podcasts!
This week on this planet of TechCrunch podcasts, the Equity crew talked about YC’s smaller (however nonetheless fairly large) cohort, Darrell and Becca talked about “Instagram being MySpaced by TikTok” on The TC Podcast, and Burnsy talked with Convoy co-founder Dan Lewis concerning the freight firm’s “secret growth hack” on TechCrunch Live.
Glambook’s $2.5 million seed deck: Glambook just lately raised hundreds of thousands to construct what it calls “Uber for the beauty industry.” How’d they persuade buyers to get on board? In this newest version of his Pitch Deck Teardown collection, Haje buzzes by means of the deck and helps clarify why sure issues made the reduce.
What actually occurs when your startup will get acquired?: There’s extra to getting acquired than ready for a bag of money to seem in your desk. Yair Snir, VP at Dell Technologies Capital, offers us the high-level overview of the entire course of, “from NDA to LOI.”
Dear Sophie: “How long am I required to stay at my current job after I get my green card?” It’s an affordable query! Immigration legal professional Sophie Alcorn weighs in.