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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

I have started to publish a version of the newsletter on TechCrunch. I will repeat my appeal from last week: Maybe you’re a startup founder, a safety driver at an autonomous vehicle developer, a venture capitalist, engineer or gig economy worker. The on-demand shuttle startup raised $400 million, TechCrunch learned.

Layoffs 136
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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. Founder and CEO Kevin Czinger didn’t provide specific numbers. . The company’s No.

Startup 251
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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

Paul Kedrosky made the case for “naive optimism&# being an important part of startup success. I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on the skills I’ve developed in my career. got picked up early without raising a lot of VC.

Invest 284
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Almost 25% of Laid-off Tech Workers Start Their Own Businesses

Tech.Co

A new survey of over 4,000 laid-off tech workers has revealed that a remarkably large proportion start their own businesses shortly after being made redundant. Out of the 4,188 respondents to Clarify Capital’s 2022 survey , 1,007 had started their own company post-layoff, PC Mag reports. Motivation Factors. Quick out the Blocks.

Layoffs 142
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How The Deal Between Synthetic Genomics, Exxon Fell Part

socalTECH

It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and San Diego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened?

Layoffs 159
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Latest Post-COVID Trends in the Telecom Sector

Southern California Edison Blog

At the start of the pandemic, reliance on in-home data usage spiked by up to 18 percent compared to pre-pandemic times, and average daily data usage rates exceeded 16.6GB. While these levels were mostly caused by the shift to telework and teleschool, the popularity of working remotely will likely continue. .

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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

In a larger public company, it’s all about making your quarterly numbers, versus investing in strategic growth alternatives that may not pay off until several quarters later. That keeps people from pushing themselves to develop the kind of new solutions that will permanently change the business for the better, versus short-term band-aids.