WeWork

4 quick bites and obituaries on Quibi (RIP 2020-2020)

In memory of the death of Quibi, here’s a quick sendoff from four of our writers who came together to discuss what we can learn from Quibi’s amazing, instantaneous, billions-of-dollars fai

Startup founders set up hacker homes to recreate Silicon Valley synergy

“We joke that we’ve got so many people in the house that have different pieces of expertise that you just yell down the hallway if you have a problem."

Merging Airbnb and the traditional hotel model, Mexico City’s Casai raises $23 million to grow in Latin America

With travel and tourism rising across Latin America, Casai, a startup combining Airbnb single unit rentals with hotel room amenities, has raised $23 million to expand its business across Latin America

Kroger, one of America’s largest grocery chains, experiments with ghost kitchens and delivery in the Midwest

The Kroger Co., one of the biggest grocery chains in the Midwest, is dipping its toe into on-demand delivery and the ghost kitchen craze through a partnership with an Indianapolis-based startup, Clust

3 founders on why they pursued alternative startup ownership structures

There is no one-size-fits all model for building a startup. At TechCrunch Disrupt, we heard from a handful of founders about alternative approaches to creating a sustainable company that ensures more

WeWork sells majority stake in Chinese entity, seeks localization

Four years after its foray into the Chinese market, followed by rapid and cash-hemorrhaging expansion, WeWork decided to wind down its involvement in the country. WeWork’s Chinese unit has secur

Benchmark’s Peter Fenton: ’10 to 20 years of innovation just got pulled forward’

Earlier today at TechCrunch Disrupt, venture capitalist Peter Fenton joined us to talk about a variety of issues. Among them, we discussed how he’s putting his stamp on Benchmark now that, 15 ye

Everybody is racing to an IPO — even Laird Hamilton’s young ‘superfood’ company

This one is unusual: Laird Superfood, a five-year-old, 100-person, Sisters, Oregon-based startup that was co-founded by famed surfer Laird Hamilton and which makes plant-based packaged beverage produc

Amazon will add 3,500 tech and corporate jobs across six US cities

Amazon today announced an upcoming hiring spree set to bring 3,500 jobs to a half-dozen U.S. cities. The news is, of course, particularly notable amid a pandemic that has caused many industries to fre

Rakuten will not renew its contract with WeWork, says report

Japanese e-commerce giant Rakuten has decided not to renew its contract with WeWork when it expires next month, according to a report in The Japan Times. Rakuten had leased about 700 desks in Tokyo, b

Adam Neumann is back in the shared economy business with an investment in GoTo Global

Adam Neumann, the controversial co-founder and former CEO of WeWork, has taken a 33% equity stake in GoTo Global, a shared mobility company that operates in Israel and Malta and aims to expand into Eu

WeWork’s chairman says it expects to have positive cash flow in 2021

After aggressive cost-cutting measures, including mass layoffs and selling several of its businesses, WeWork’s chairman expects the company to have positive cash flow in 2021. Marcelo Claure, who be

In pandemic era, entrepreneurs turn to SPACs, crowdfunding and direct listings

If necessity is the mother of invention, then new business owners are getting very inventive in the ways in which they access cash. Relying on some long-tested and some new avenues to raise money, ent

WeWork sells Flatiron School to Carrick Capital Partners

WeWork, the once $47 billion company that was on the brink of a public offering, has been divesting a great number of its assets as it looks to right the course since releasing its S-1, which exposed

Masayoshi Son resigns from board of Alibaba; defends SoftBank Group’s investment strategy

SoftBank Group founder Masayoshi Son said on Thursday he is leaving the board of Jack Ma’s Chinese e-commerce giant Alibaba Group today, a month after Ma left the board of Son’s technology group.

A new Silicon Valley venture report shocks — because of how little the pandemic has impacted dealmaking

The law firm Fenwick & West has published some new data to highlight how COVID-19 has affected the world of venture capital in Silicon Valley. The biggest surprise? It’s how little impact th

Beware mega-unicorn paper valuations

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. There’s a famous old post going around Twitter this week by entrepreneur an

The first Vision Fund is officially done investing (and spent $100M every day of its existence)

There is a flurry of news out of SoftBank this morning, which announced its Fiscal Year 2019 (ending March 31, 2020) financial results overnight. It’s been a bad year for the Vision Fund, with huge

WeWork and SoftBank unveil the first 14 startups in their Emerge accelerator for underrepresented founders

SoftBank Investment Advisers and WeWork Labs say they’ve officially kicked off the first session of Emerge, an accelerator program designed for underrepresented founders. In their press release,

The great unicorn retreat

Today we're taking stock of what's happening to a number of unicorns, both public and private.
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