“You have to understand that working at a startup often feels like you’re standing on the edge of a cliff. And that’s also the moment you’re at your most creative.”
Japanese sneaker platform SODA raises $56.4M, accquires rival Monokabu
Just half a year after leading SODA’s Series B, SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. The early-stage venture capital arm of SoftBank Group announced today it has returned to lead SODA’s Series C, which currently totals $56.4 million. Other investors include South Korean sneaker reselling platform KREAM (another […]
Twitter shuttering NY, SF offices in response to new CDC guidelines
Just two weeks after reopening its New York and San Francisco offices, social media giant Twitter said Wednesday that it will be closing those offices “immediately.” The decision came “after careful consideration of the CDC’s updated guidelines, and in light of current conditions,” a spokesperson said. “Twitter has made the decision to close our opened […]
Zuckerberg is turning trillion-dollar Facebook into a ‘metaverse’ company, he tells investors
Following the quarterly release of Facebook’s earnings numbers where the company’s CFO takes time to walk analysts through the nitty gritty of the company’s financials, CEO Mark Zuckerberg took a moment to zoom out and wax on the company’s future goals, specifically calling out his ambitions to turn Facebook into “a metaverse company.” “I wanted […]
INKR draws in $3.1M to make more comics accessible to worldwide audiences
INKR is a digital comics platform that crosses cultural and language divides, enabling creators to reach global audiences with its proprietary localization technology. Previously bootstrapped, the company announced today that it has raised $3.1 million in pre-Series A funding led by Monk’s Hill Ventures, with participation from manga distributor TokyoPop founder and chief executive Stu […]
Personalized menopause platform Vira Health raises £1.5M from LocalGlobe, MMC Ventures
A new trend is emerging in the world of startups and, to many, it couldn’t have come too soon. Why are there so few women in senior roles? Women going through menopause are commonly known to drop out of leadership roles, for instance. In the UK, menopause is responsible for about 14 million lost working […]
Spotify’s Clubhouse rival, Greenroom, tops 140K installs on iOS, 100K on Android
Spotify’s recently launched live audio app and Clubhouse rival, Spotify Greenroom, has a long road ahead of it if it wants to take on top social audio platforms like Clubhouse, Airtime, Spoon and others, not to mention those from top social networks, like Twitter and Facebook. To date, the new Greenroom app has only been […]
Daily Crunch: $150M Series D vaults search-as-a-service provider Algolia to $2.25B valuation
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Dear Sophie: Should we sponsor international hires for H-1B transfers and green cards?
“My startup is desperately recruiting, and we see a lot of engineering candidates on H-1Bs. They’re looking for H-1B transfers and green cards. What should we do?”
Facebook warns of ‘headwinds’ to its ad business from regulators and Apple
Facebook posted its second quarter earnings Wednesday, beating expectations with $29 billion in revenue. The world’s biggest social media company was expected to report $27.8 billion in revenue for the quarter, a 50% increase from the same period in 2020. Facebook reported earnings per share of $3.61, which also bested expectations. The company’s revenue was […]