Airware desperately sought cash for 18 months before running out of money and shutting down last month, leaving about 120 employees without jobs after the startup had burned $118 million in funding. Bandaid strategic investments from construction company Caterpillar and others kept Airware alive as it looked for a $15 million round, according to a […]
View More Failed drone startup Airware auctions assets, Delair buys teammatesCategory: talent
Lime is building its first scooter ‘lifestyle brand store’ in LA
How can Lime differentiate its scooters and bikes from the piles of Birds and Spins filling Los Angeles sidewalks? Apparently with a physical storefront where it can convince customers of the wonders of on-demand mobility. According to a job listing from Lime seeking a “Retail Store Manager,” the startup plans to open a “lifestyle brand […]
View More Lime is building its first scooter ‘lifestyle brand store’ in LAFacebook poaches leaders of Refdash interview prep to work on Jobs
Facebook just snatched some talent to fuel its invasion of LinkedIn’s turf. A source tells TechCrunch that members of coding interview practice startup Refdash including at least some of its executives have been hired by Facebook. The social network confirmed to TechCrunch that members of Refdash’s leadership team are joining to work on Facebook’s Jobs […]
View More Facebook poaches leaders of Refdash interview prep to work on JobsUpwork pops more than 50 percent in Nasdaq debut
Upwork, the rebranded merger of oDesk and Elance, debuted on Nasdaq this morning, after dropping its S-1 about four weeks ago. Shares opened at $23.00, which represents a 53% jump — shares were priced at $15 before the opening bell by investors, a significant uptick from the company’s revised projection of $12 to $14, which […]
View More Upwork pops more than 50 percent in Nasdaq debutOur 3 favorite startups from Urban-X’s 4th demo day
Urban-X, the urban-tech startup accelerator backed by BMW MINI and early-stage urban-tech fund Urban.Us, hosted a demo day today for its fourth cohort of companies at its Brooklyn HQ. The seven presenting companies offered solutions to issues plaguing modern cities, including toll-road pricing, energy and construction management, and even the inefficiencies of modern cycling helmets. In […]
View More Our 3 favorite startups from Urban-X’s 4th demo dayInstagram’s founders are reportedly resigning from Facebook
Eight years after launching Instagram and six years after selling it to Facebook, Instagram co-founders CEO Kevin Systrom and CTO Mike Krieger are leaving the company, according to The New York Times. The founders apparently did not give a reason for their departure when they informed the company today that they’re resigning and that they’ll […]
View More Instagram’s founders are reportedly resigning from FacebookuBeam wireless power’s CEO Meredith Perry steps aside amidst B2B pivot
After repeatedly missing self-imposed deadlines for progress on its wireless charging-at-a-distance phone case, uBeam’s CEO Meredith Perry has decided to shift out of the CEO position and into a board member and senior advisor role. She’d founded the company in 2011 from her dorm room and brought in over $40 million in funding by selling […]
View More uBeam wireless power’s CEO Meredith Perry steps aside amidst B2B pivotDrone startup Airware crashes, will shut down after burning $118M
Drone operating system startup Airware today suddenly informed employees it will cease operations immediately despite having raised $118 million from top investors like Andreessen Horowitz, Google’s GV, and Kleiner Perkins. The startup ran out of money after trying to manufacture its own hardware that couldn’t compete with drone giants like China’s DJI. The company at […]
View More Drone startup Airware crashes, will shut down after burning $118M10 critical points from Zuckerberg’s epic security manifesto
Mark Zuckerberg wants you to know he’s trying his damnedest to fix Facebook before it breaks democracy. Tonight he posted a 3,260-word battle plan for fighting election interference. Amidst drilling through Facebook’s strategy and progress, he slips in several notable passages revealing his own philosophy. Zuckerberg has cast off his premature skepticism and is ready […]
View More 10 critical points from Zuckerberg’s epic security manifestoSnapchat shares hit all-time low as search acquisition Vurb’s CEO bails
Snapchat’s sagging share price is making it tough to retain talent. Bobby Lo, founder and CEO of mobile search app Vurb that Snap Inc acquired for $114.5 million two years ago is leaving day-to-day operations at the company. That means Lo cut out early on his four-year retention package vesting schedule, which was likely influenced […]
View More Snapchat shares hit all-time low as search acquisition Vurb’s CEO bailsInstacart brings on Mark Schaaf as Chief Technology Officer
Instacart has brought on Mark Schaaf as Chief Technology Officer. Schaaf previously held positions at AdMob, which was acquired by Google in 2009 for $750 million. From there, he went on to build and lead a team at Google within the mobile display ad business. In 2015, Schaaf left Google to join Thumbtack as CTO. […]
View More Instacart brings on Mark Schaaf as Chief Technology OfficerTokens can better incentivize startup employees than equity
Token structuring and tokeneconomics are among of the most important considerations when designing a blockchain. When thinking about how best to distribute these tokens, founders often think about how the tokens will impact external stakeholders such as their investors, the community, and stakers (people that can mine or validate block transactions according to how many coins […]
View More Tokens can better incentivize startup employees than equity