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

TechCrunch LA

This week, we’ll highlight Via’s Series E funding round that was led by Exor. The remaining $200 million came from new investors Macquarie Capital, Mori Building and Shell, as well as existing investors 83North, Broadscale Group, Ervington Investments, Hearst Ventures, Planven Ventures, Pitango and RiverPark Ventures.

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

Tech.Co

A huge number of tech companies have made layoffs in 2022 , whilst others have taken advantage of video conferencing software and other remote collaboration tools to offer flexible working arrangements and retain the best talent. That’s even higher than “funding” (43%), “time” (41%), and “cash flow” (40%). Survey Says: Go Your Own Way.

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Take advantage of the good times to build stakeholder loyalty.

Berkonomics

The truth is that many employees merely make a simple pact: timely pay for time in service. Email readers, continue here…] Sometimes a secondary fund-raising effort leads to a lower valuation than the last.

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Zumbox Shutting Down

socalTECH

Los Angeles-based Zumbox , a startup which had been looking to store and deliver information which normally would be delivered via mail in a digital form, is shutting down its services, as of next Monday, April 14th. zumbox postal delivery mail shutdown employment jobs layoff' READ MORE>>.

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Down bad

TechCrunch LA

Last week, we talked about layoffs and the Winklevoss rock gods. million in pre-seed investment from investors including Liberty City Ventures, Digital Currency Group and Coinbase Ventures. Molecule , a platform where DAOs can back medical research projects, secured $13 million in seed funding led by Northpond Ventures.

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

The company has raised about $150 million from investors that include venture capital fund Horizons Ventures, automotive and aerospace engineering services company Altran Technologies and Chinese backers O Luxe Holdings, an investment conglomerate backed by the Hong Kong-based real estate investment magnate Li Ka-shing and Shanghai Alliance Investment (..)

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Wag Buys Back Stake From SoftBank, Now Seeking Buyer

socalTECH

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund.

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