Monday, August 8, 2022
HomeTechnologyAmazon buys Roomba’s maker, Bolt vanishes, and YC slims down – TechCrunch

Amazon buys Roomba’s maker, Bolt vanishes, and YC slims down – TechCrunch


Good day once more! Welcome again to Week in Evaluate, the publication the place we shortly 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 tools, unanswered calls and emails, and many questions.”

different stuff

Amazon buys iRobot: Bezos desires all of the issues. Complete 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 dwell purchasing: Should you use Fb’s “dwell purchasing” function to promote issues by way of stream, it could be time to discover a new platform. Whereas dwell streaming isn’t going away, the devoted shopping-focused options will go darkish come October.

Starbucks is moving 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 lower 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 permitted 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 larger 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 following cohort — however at roughly 250 firms, it’s nonetheless comparatively enormous.

audio stuff

Podcasts! Get your podcasts!

This week on this planet 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 development hack” on TechCrunch Stay.

further stuff

Glambook’s $2.5 million seed deck: Glambook just lately raised hundreds of thousands to construct what it calls “Uber for the wonder 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 lower.

What actually occurs when your startup will get acquired?: There’s extra to getting acquired than ready for a bag of money to seem 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.

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