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Latest Stories and News
- 3 months ago
- TikTok is one of the hottest social media platforms but the CEO of Reddit had some harsh words for the popular app, calling it “fundamentally parasitic” at an event Wednesday.
- The comments from Reddit CEO and co-founder Steve Huffman were some of the more controversial offered up during a panel discussion with former public policy executive Elliot Schrage and former Facebook VP of Product Sam Lessin.
- During a brief conversation about the feature innovations of TikTok, Huffman pushed back hard on the notion that Silicon Valley startups had something to learn from the app.
- 3 months ago
- Today direct-to-consumer retailer Brandless, launched in 2017, becomes the first SoftBank Vision Fund-backed startup to close down, as it stops taking orders and halts all business operations.
- Brandless had been one of SoftBank's highest-profile companies and had a big ambition: to sell "better for you" essential products at lower-than-name-brand prices, going toe-to-toe against Amazon and Walmart.
- In total, the company raised around $290 million from investors, including Redpoint, NEA, GV and Slow Ventures.
- 4 months ago
The first cannabis startup to raise big money in Silicon Valley is in danger of burning out. TechCrunch has learned that pot delivery middleman Eaze has seen unannounced layoffs, and its depleted cash reserves threaten its ability to make payroll or settle its AWS bill.
Eaze was forced to raise a bridge round to keep the lights on as it prepares to attempt a major pivot to “touching the plant” by selling its own marijuana brands through its own depots.
If Eaze fails, it could highlight serious growing pains amid the “green rush” of startups into the marijuana business.
- 7 months ago
Tonkean, the leading robotic automation & management platform for business operations, today announced the completion of a $7.2 million seed round investment led by Foundation Capital with participation from Magma Venture Partners and Slow Ventures to solve the last-mile challenge in business operations. Joanne Chen, Partner at Foundation Capital, is joining the board of directors.
Tonkean brings human-in-the-loop robotic automation to enterprises. As an operating system for operations teams, Tonkean empowers business and functional operations managers to deploy custom bots without any code or development expertise.
- 7 months ago
Thimble, which offers flexible, short-term insurance to small businesses and freelancers, is announcing that it has raised $22 million in a Series A funding round led by IAC.
Until today, the startup was known as Verifly, a name tied to the company’s initial aim of providing insurance to drone pilots. However, founder and CEO Jay Bregman (who previously founded ridesharing company Hailo) said that thanks to customer demand, the team kept adding insurance for different types of businesses — and now it’s rebranding to reflect that broader vision.
Thimble now says it provides liability coverage for customers in more than 100 professions, including handymen, landscapers, DJs, musicians, beauticians and dog walkers. Policies can be purchased directly from the Thimble website or app by the hour, day, week, month or year.