Whats up once more! Welcome again to Week in Overview, the publication the place we rapidly recap the highest tales to cross TechCrunch dot-com over the previous seven days. Need it in your inbox? Get it right here.
The most learn story this week is type 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 deserted gear, unanswered calls and emails, and plenty of questions.”
Amazon buys iRobot: Bezos needs all of the issues. Entire Meals! One Medical! And now…Roomba? On this newest in a collection of seemingly sudden and considerably stunning acquisitions, Amazon is dropping $1.7 billion for the corporate finest recognized for its robo vacuums.
Fb shuts down reside purchasing: For those who use Fb’s “reside purchasing” characteristic to promote issues through stream, it is likely to be time to discover a new platform. Whereas reside streaming isn’t going away, the devoted shopping-focused options will go darkish come October.
Starbucks is stepping 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…
Extra Robinhood layoffs: Oof. Only a few months again, Robinhood reduce 9% of its full-time employees; this week, the corporate confirmed it’s letting go of one other 23%. Citing overhiring over the previous few wild years, CEO Vlad Tenev writes “I accepted and took duty for our bold staffing trajectory — that is on me.”
YC will get smaller: It needed to occur ultimately. Y Combinator had been getting greater and larger with every accelerator class, peaking at an absurd 414 firms within the final batch. They’re scaling issues again a bit with the subsequent cohort — however at roughly 250 firms, it’s nonetheless comparatively large.
Podcasts! Get your podcasts!
This week on this planet of TechCrunch podcasts, the Fairness 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 in regards to the freight firm’s “secret progress hack” on TechCrunch Dwell.
Glambook’s $2.5 million seed deck: Glambook just lately raised thousands and thousands to construct what it calls “Uber for the wonder business.” How’d they persuade buyers to get on board? On this newest version of his Pitch Deck Teardown collection, Haje buzzes via 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 look in your desk. Yair Snir, VP at Dell Applied sciences Capital, provides us the high-level overview of the entire course of, “from NDA to LOI.”
Pricey Sophie: “How lengthy am I required to remain at my present job after I get my inexperienced card?” It’s an inexpensive query! Immigration legal professional Sophie Alcorn weighs in.