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Lyft wants to kill surge pricing
Lyft has been cutting fares in order to secure more riders, and it’s working. Bu that success has come with a (literal) cost. The ride-hail company reported Tuesday during its second quarter 2023 earnings an increase in riders and decrease in … Continue reading
So your startup’s runway is dwindling and fundraising is hard. What’s next?
The concept of having a runway has its own set of maxims for startup founders. Investors we’ve interviewed generally agree that a successful fundraise should leave a startup with 18 to 36 months of capital, and by the time a … Continue reading
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Rivian beats on Q2 revenue, raises EV production guidance for 2023
Rivian gained positive momentum in the second-quarter and beat Wall Street expectations as the company ramped up EV sales, narrowed losses, reduced costs and shored up its supply chain. Rivian struck a confident tone in its second-quarter earnings, which was … Continue reading
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YouTube no longer suggests videos if your ‘watch history’ is turned off
YouTube announced Tuesday that its newest update disables all its video recommendations for users who have their watch history turned off, solving an arguably annoying problem for those who may not want to be bothered by a sea of suggested … Continue reading
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Kenyan logistics startup Sendy shuts down, embarks on asset sale
Sendy, a Kenyan logistics scale-up that enabled retailers to purchase FMCGs directly from manufacturers, among other services, is shutting down its operations and exploring a sale of its assets, TechCrunch has learned. Meshack Alloys, Sendy co-founder, confirmed the sale to … Continue reading
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5 lessons robotics founders can learn from the AV industry
Sanjay Aggarwal Contributor Share on Twitter Sanjay Aggarwal is a venture partner at F-Prime Capital focused on frontier technology investment opportunities. Throughout the late 2010s and early 2020s, the autonomous vehicle industry captured the imagination of the startup community and … Continue reading
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Cruise inches into Waymo’s territory in the Phoenix area
Cruise, the self-driving subsidiary of General Motors, has expanded its robotaxi radius in the Phoenix area by 20x as it seeks to compete with Alphabet-owned Waymo in its home court. Cruise soft-launched its robotaxi service in Chandler, a city southeast … Continue reading
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Nvidia CEO: We bet the farm on AI and no one knew it
Nvidia founder and CEO Jensen Huang said today that the company had made an existential business decision in 2018 that few realized would redefine its future, and help redefine an evolving industry. It’s paid off enormously, of course, but Huang … Continue reading
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SoftBank is getting its investing mojo back
After a few quarters of going turtle, SoftBank has started ramping up its investing cadence once again. Once one of the most active and visible investors in Startup Land, the Japanese conglomerate is itching to get back into the fray, … Continue reading
Sling TV struggles to keep subscribers, drops nearly 100K users in Q2
It appears that Sling TV is still in hot water as it continues to experience subscriber churn. Parent company DISH reported its Q2 2023 earnings results on Tuesday, revealing a loss of 97,000 Sling TV subscribers. In retrospect, this is … Continue reading
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