Amazon buys Roomba’s maker, Bolt vanishes, and YC slims down – TechCrunch
Good day once more! Welcome again to Week in Evaluation, 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 here.
The most read 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 plenty of questions.”
Amazon buys iRobot: Bezos needs all of the issues. Complete Meals! One Medical! And now…Roomba? On this newest in a sequence of seemingly sudden and considerably stunning acquisitions, Amazon is dropping $1.7 billion for the corporate finest recognized for its robo vacuums.
Facebook shuts down live shopping: When you use Fb’s “reside procuring” characteristic to promote issues by way of 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 getting 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…
More 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 authorised and took duty for our formidable staffing trajectory — that is on me.”
YC gets smaller: It needed to occur finally. Y Combinator had been getting larger and greater with every accelerator class, peaking at an absurd 414 corporations within the final batch. They’re scaling issues again a bit with the following cohort — however at roughly 250 corporations, it’s nonetheless comparatively large.
Podcasts! Get your podcasts!
This week on the earth of TechCrunch podcasts, the Equity 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 concerning the freight firm’s “secret progress hack” on TechCrunch Live.
Glambook’s $2.5 million seed deck: Glambook not too long ago raised hundreds of thousands to construct what it calls “Uber for the sweetness trade.” How’d they persuade traders to get on board? On this newest version of his Pitch Deck Teardown sequence, Haje buzzes by means of the deck and helps clarify why sure issues made the reduce.
What really happens when your startup gets 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.”
Dear Sophie: “How lengthy am I required to remain at my present job after I get my inexperienced card?” It’s an affordable query! Immigration legal professional Sophie Alcorn weighs in.