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Daily Crunch: Lemonade says website security flaw that exposed customer data is ‘by design’
Today 19:10 EDT
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
New media poster child Substack announced today that they’ve added a small community-building consultancy team to its ranks, acquiring the Brooklyn-based startup People & Company. The small firm has...
A startup’s best marketing asset is its story. The knowledge and expertise of its team, together with the why and the how of its offering provides the most compelling content.
Three students sue coding bootcamp Lambda School alleging false advertising and financial shenanigans
Today 17:59 EDT
Lambda School has attracted a lot of attention, and raised some $130 million in venture funding from an impressive list of investors, for its novel approach to coding education: offering six-month...
Last month, the organization behind Burning Man announced that the festival/experience would not be returning to the desert of Nevada this year due to the COVID-19 pandemic and would instead be...
Alba Orbital’s mission to image the Earth every 15 minutes brings in $3.4M seed round
Today 16:36 EDT
Orbital imagery is in demand, and if you think having daily images of everywhere on Earth is going to be enough in a few years, you need a lesson in ambition. Alba Orbital is here to provide it with...
Advanced tax strategies for startup founders
Today 16:13 EDT
Here are some advanced equity planning strategies that you can implement at different stages of your company life cycle to reduce tax and optimize wealth for you and your family.
New Relic is bringing in a new CEO as founder Lew Cirne moves to executive chairman role
Today 16:05 EDT
At the market close this afternoon ahead of its earnings report, New Relic, an applications performance monitoring company, announced that founder Lew Cirne would be stepping down as CEO and moving...
Shopify helps customers build online shops, but it’s minting tech founders and investors, too
Today 15:59 EDT
Last month, Jean-Michel Lemieux, the chief technology officer of Shopify, and chief talent officer Brittany Forsyth announced on Twitter that they are stepping down from their roles in the coming...
Pinterest is expanding into live events. The company is planning to host a three-day virtual event that will feature live-streamed sessions from top creators, including big names like Jonathan Van Ness...
Is there a creed in venture capital?
Today 15:12 EDT
When faced with shifting terms, I apply four basic principles to frame my approach. First: avoid any escalation that endangers the overall success of the enterprise.
PayPal acquires returns logistics business, Happy Returns
Today 14:16 EDT
PayPal announced today it’s acquiring Happy Returns, a returns solution provider that offers online shoppers access to easier ways to send back unwanted merchandise to retailers without having to box...
Software subscriptions are eating the world: Solving billing and cash flow woes simultaneously
Today 13:59 EDT
Subscription business models are attractive, but there are two major pitfalls. First, payment. Second: How do businesses cover the funding gap between when customers sign up and when they pay?
China’s autonomous vehicle startups AutoX, Momenta and WeRide are coming to TC Sessions: Mobility 2021
Today 13:18 EDT
As the autonomous vehicle industry in the United States marches towards consolidation, a funding spree continues to exhilarate China’s robotaxi industry. Momenta, Pony.ai, WeRide, and Didi’s autonomous...
Google Analytics prepares for life after cookies
Today 13:00 EDT
As consumer behavior and expectations around privacy have shifted — and operating systems and browsers have adapted to this — the age of cookies as a means of tracking user behavior is coming to an...
These are the 25 companies presenting at Alchemist Accelerator’s 27th Demo Day today
Today 12:38 EDT
Enterprise-focused Alchemist Accelerator is back with another one. Today marks its 27th Demo Day, with over two dozen companies expected to take the (virtual) stage. Coming in at 25 companies, this is...
They say for every door that opens another closes and the executive shuffle at VMware is certainly proving that old chestnut true. Four months after Pat Gelsinger stepped down as CEO to return to run...
Cloud Run, Google Cloud’s serverless platform for containerized applications, is getting committed use discounts. Users who commit to spending a given amount on using Cloud Run for a year will get a...
Chef Robotics raises $7.7M to help automate kitchens
Today 12:00 EDT
A year and a half’s worth of global pandemic has had a profound impact on virtually every sector of the workforce. When it comes to future automation food prep isn’t quite at the top of the list (that...
Legionfarm, the gaming platform that lets gamers play with pro players in their favorite games, has today announced the close of a $6 million Series A round. Investors in the round include SVB, Y...
An activist short seller has written a letter to the chief executive of insurance giant Lemonade with details of an “accidentally discovered” security flaw that exposes customers’ account data. Carson...
Sylvera grabs seed backing from Index to help close the accountability gap around carbon offsetting
Today 11:24 EDT
UK-based startup Sylvera is using satellite, radar and lidar data-fuelled machine learning to bolster transparency around carbon offsetting projects in a bid to boost accountability and credibility —...
The fulfilling world of warehouse robotics
Today 11:15 EDT
With the pandemic finish line in sight — at least for some — now is a good time to start assessing which segments have been most impacted by the events of the past year and a half. In terms of...
Repairability has been a big sticking point for consumer electronics over the past several years. As devices have gotten thinner — and companies have pushed to maintain control over proprietary systems...
Risk defense startup SpecTrust is emerging from stealth today with a $4.3 million seed raise and a public launch. Cyber Mentor Fund led the round, which also included participation from Rally Ventures,...
If you’re new to Discord, you might be thrown off by the lack of an endless feed peppered with ads. On Discord, all of the action happens in interest-specific servers, and the company wants to make it...
The hamburger model is a winning go-to-market strategy
Today 10:49 EDT
Assembling the perfect burger, or perfect sales model, is more complicated than it sounds, though. Here are some of the biggest do's and don'ts:
Walmart acquires virtual clothing try-on startup Zeekit
Today 10:38 EDT
Retail giant Walmart announced this morning it’s acquiring the Tel Aviv-based startup Zeekit, which allows consumers to virtually “try on” clothing when shopping online. The company leverages a...
BluBracket, an early stage startup that focuses on keeping source code repositories secure, even in distributed environments, announced a $12 million Series A today. Evolution Equity Partners led the...
Don't wait for laws preventing the use of NDAs. Companies should shape these policies on their own, rather than waiting for legislation to drag an ethical NDA policy out of them.