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Scooter Rental Startup Bird Lays Off 30% of Workforce

Scooter rental startup Bird laid off 30% of its workforce, as the Covid-19 economic crunch continued to squeeze the startup sector, TechCrunch reported. The cuts hit about 400 U.S.-based employees, people close to the Santa Monica-based startup said.  The layoffs were announced by Bird CEO Travis VanderZanden in a note to staff earlier today, according to TechCrunch. “As you know, we’ve had to...

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The Takeaway
“It’s Hard to Know Where It Stops”
There are weeks when I read the news and think, “Really? Can all of this be happening?” Nowadays, I’m referring to the wild west of the startup and VC business, which is getting more insane by the term sheet. This week you saw unbelievable stories of rising prices, documented here by Kate. At the same time, there were important cautionary tales about the downsides of excessive...
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Art by Mike Sullivan
Exclusive Venture Capital Startups
How Katerra’s Facade Crumbled
Not much was going right early last year at SoftBank-backed construction startup Katerra. Money was drying up, and board meetings sometimes erupted into shouting matches.
Illustration by Jeremie Claeys
Opinion Media/Telecom
Content Alone Will Kill the Creator Economy
The emerging creator economy is exciting. For the first time ever, more of us can turn our expertise, interests, curiosity or craft into an ongoing income stream funded by 1,000 or even 100 true fans.
Samsara co-founders Sanjit Biswas (left) and John Bicket. Photo provided by Samsara
Venture Capital Startups
Five Enterprise Software Companies on Deck to Go Public
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Modest Proposals Crypto
Collectibles, Crypto NFTs, and the Monetization of Influence
The biggest story of the last month in the world of crypto has been the rapid rise of non-fungible tokens.
Data Point
‘Can’t Get More Crazy’: Series A Valuations Extend Record Rise
Financial software developer Orum, which disclosed a seed round over the summer, wasn’t seeking more capital when Bain Capital Ventures offered to lead its Series A investment last year.
Kuaishou Technology headquarters in Beijing. Photo by Bloomberg.
Why China Embraced the Creator Economy Before the West Did
Executives at Facebook, Twitter and Snap recently realized that if they don’t help the people who produce videos and other content for their apps make money, these creators will take their talents, fans and potential revenue streams somewhere else.