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$1 billion startup Rent the Runway has furloughed 35% of its employees as the...
Rent the Runway has furloughed roughly 35% of its corporate employees and cut overall headcount as a result of the fallout from the coronavirus, the company confirmed to Business Insider.A slew of...
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Wary VCs are pulling back into their close circles of trust. That's bad news...
As VCs continue to reevaluate funding opportunities amid the coronavirus-led economic crunch, founders from nontraditional backgrounds could be squeezed out of the pipeline.A new study by Jane VC of...
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A medical device built over Zoom could help solve ventilator shortages and...
The coronavirus crisis has prompted many companies and individuals to pivot their businesses or start new companies to help those in need. James Regenor, a retired Air Force colonel, started a new...
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The president of Sapphire Ventures gives his 5 recommendations for startups...
Sapphire Ventures President Jai Das offered 5 recommendations to startups reeling from the coronavirus crisis.The most important one is to explore ways not to depend on venture capital funding. "If you...
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With startups on sale at bargain rates, VCs say M&A deals will still dip...
Venture capital investors say they expect a slowdown in merger and acquisition activity because of the looming coronavirus recession. Potential acquirers may focus on their own survival because they're...
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Silicon Valley's grand plan to kill IPOs with direct listings has been...
Direct listings — an alternative, more streamlined process that companies can use to go public — were gaining favor over traditional IPOs before the coronavirus pandemic slammed the economy and...
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Shark Tank's Kevin O'Leary says startups should turn to equity crowdfunding...
In a time of heightened uncertainty, many startups are wondering if it's the right time to raise capital."Shark Tank" judge and millionaire investor Kevin O'Leary said equity crowdfunding will take on...
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Rent the Runway has long been heralded as one of Silicon Valley's hottest...
It was mid March and businesses were just starting to feel the impact of coronavirus — and even highflying startups weren't immune. During a virtual company-wide meeting, Rent the Runway co-founder and...
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The cofounder of a food packaging startup acquired by SoftBank-backed Zume is...
John Lilley, a cofounder of Pivot Packaging, filed a lawsuit against Zume, the troubled robotics startup backed by SoftBank, on April 16.The suit, filed in San Francisco Superior Court, alleges that...
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TechCrunch Editor-at-large Josh Constine is leaving the Verizon-owned blog to...
After a decade spent reporting on startups, TechCrunch Editor-at-large Josh Constine is leaving the publication to invest in startups at SignalFire, a VC firm with a focus on data. The move deprives...
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Tomorrow Health wants to upend a $55 billion market by reinventing how...
Tomorrow Health wants to make it easier and cheaper for Americans to purchase medical supplies like crutches and CPAP machines.Investors led by Andreessen Horowitz are betting that the health-tech...
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How Google got too big to shrink
Hello again, and welcome back to Trending. This is where we talk tech every Wednesday. If you want to get Trending in your email inbox every week, just click here.This week: When Google got too big to...
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This founder furloughed himself to create a tech support network for...
Entrepreneur Marc Sloan has stopped everyday operations at his startup to found Covid Tech Support which has over 900 volunteers. Sloan, CEO and cofounder at Context Scout, furloughed himself after...
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Brex is launching a new credit card for young startups that don't yet have...
Brex, the $2.6 billion credit card startup turned fintech rocketship, on Tuesday announced Brex 1, a credit card that operates with a one-day repayment schedule.The new card gives very early-stage...
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Startups are raising the funding they need, but aren't announcing new rounds...
In a webinar for startups and customers on Tuesday, credit card startup Brex unveiled its predictions for economic outcomes as the coronavirus-led shutdowns drag on and states pursue piecemeal revival...
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The CEO of a $681 million energy investment firm says the coronavirus...
The coronavirus pandemic has stalled growth in the solar and wind industries, but the transition to clean energy is still on track.Three sectors stand to benefit in the mid-to-near term, according to...
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Only 1 in 4 venture firms have lived through multiple downturns, and those...
Silicon Valley Bank released its latest State of the Market report on Thursday, and found that just 23% of currently active venture firms outlasted the dot-com bust as well as the 2008 financial...
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'Banking in America is broken:' The CEO of $5.8 billion challenger bank Chime...
Fintech challenger bank Chime, founded in 2013, has grown to more than eight million customers in the US as it looks to disrupt "broken" American banking. The company was recently in the news after it...
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Offices are buying thermal cameras with facial recognition to see if...
As companies plan to reopen in the wake of COVID-19, many are looking for high-tech tools to monitor the health of employees.Some offices are installing thermal cameras, which provide a rough estimate...
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Buzzy $1 billion clothing rental startup Rent The Runway's longtime exec and...
Maureen Sullivan, Rent the Runway's president and former chief operating officer, has left the company after nearly five years, Business Insider has learned.Rent The Runway and Sullivan confirmed the...
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