Hiya once more! Welcome again to Week in Overview, the e-newsletter 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.”
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Amazon buys iRobot: Bezos needs all of the issues. Entire 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 identified for its robo vacuums.
Fb shuts down dwell buying: In the event you use Fb’s “dwell buying” function to promote issues through stream, it is perhaps 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 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 reduce 9% of its full-time workers; 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 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 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 big.
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Podcasts! Get your podcasts!
This week on the earth of TechCrunch podcasts, the Fairness crew talked about YC’s smaller (however nonetheless fairly big) 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 Dwell.
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Glambook’s $2.5 million seed deck: Glambook just lately 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 reduce.
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.”
Expensive Sophie: “How lengthy am I required to remain at my present job after I get my inexperienced card?” It’s an affordable query! Immigration lawyer Sophie Alcorn weighs in.