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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.

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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. Divergent 3D made Blade — which was on the auto show circuit in 2016 — to demonstrate the technology platform.

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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. If you are a carrier looking to expand your network infrastructure to support new technologies, such as 5G, we can help. Offer Greater Service Flexibility.

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6 Keys To Growing Your Career Through The Gig Economy

Startup Professionals Musings

The simple answer is that we all have to start thinking like entrepreneurs, rather than entitled employees. Then look ahead to assess the likelihood that your job could be eliminated with new technology, artificial intelligence, or robots. Start tracking your costs as well as income elements.

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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

Although his focus is naturally on bigger companies, I contend that his recommended strategies apply equally well to entrepreneurs and startups: Demand a mindset of deep thinking for the long term. In my experience, even in startups, longer-term strategy often gets pushed off the agenda due to current challenges.