Howdy once more! Welcome again to Week in Evaluation, the e-newsletter 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 form 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 many questions.”
Amazon buys iRobot: Bezos desires all of the issues. Entire Meals! One Medical! And now…Roomba? On this newest in a sequence of seemingly sudden and considerably shocking acquisitions, Amazon is dropping $1.7 billion for the corporate greatest recognized for its robo vacuums.
Fb shuts down stay purchasing: Should you use Fb’s “stay purchasing” function to promote issues by way of stream, it may be time to discover a new platform. Whereas stay 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…
Extra Robinhood layoffs: Oof. Just some months again, Robinhood minimize 9% of its full-time employees; 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 accepted and took duty for our formidable staffing trajectory — that is on me.”
YC will get smaller: It needed to occur finally. 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 enormous.
Podcasts! Get your podcasts!
This week on the earth of TechCrunch podcasts, the Fairness crew talked about YC’s smaller (however nonetheless fairly enormous) 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 Reside.
Glambook’s $2.5 million seed deck: Glambook not too long ago raised thousands and thousands to construct what it calls “Uber for the sweetness business.” How’d they persuade traders to get on board? On this newest version of his Pitch Deck Teardown sequence, Haje buzzes by way of the deck and helps clarify why sure issues made the minimize.
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, offers 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.