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Glossier just laid off one-third of its corporate employees, mostly in tech

TechCrunch LA

“[W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs to staff. The tech team layoffs are notable for a beauty retailer that has often described itself as a technology company.

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Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment

TechCrunch LA

asset management firm Birch Lake Associates and it is aimed at bringing Faraday’s flagship FF91 SUV to market. This new financing comes hot on the heels of a joint venture (JV) with once-popular Chinese gaming company The9, which will bring Faraday’s V9 EV — a vehicle based on the FF91 — to market in China.

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Sell when growth is high, even if cash flow is low.

Berkonomics

Dave’s note: Our guest author this week is John Huston, founder of the 300+ member Ohio TechAngel Funds and a past Chairman of both the Angel Capital Association and the Angel Resource Institute. . Until it is reached, survival still hinges on the kindness of outside funding sources. By John Huston.

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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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Wag Buys Back Stake From SoftBank

socalTECH

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

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10 Cash-Flow Surprises That Could Kill Your Startup

Startup Professionals Musings

The sad truth is that cash flow surprises kill many startups, even though they should have been adequately funded to survive. Seasonal sales fluctuations eat cash. Fluctuating sales means more inventory is required to cover the ups and downs. Sales volumes are still ramping up while marketing expenses are at max.

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Is Your Startup Growing Too Quickly For Cash Flow?

Startup Professionals Musings

Seasonal sales fluctuations eat cash. Fluctuating sales means more inventory is required to cover the ups and downs. If you try to vary the number of employees to match, that costs even more cash for hiring, firing, and layoffs. Sales volumes are still ramping up while marketing expenses are at max.

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