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

TechCrunch LA

There were, of course, those who used the opportunity to make a marketing push or pitch a story. 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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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. Things have already plunged so quickly at the signal of a recession that insiders fear a lengthy bear market could hit crypto far more brutally than expected — tearing tokens to lows far below the highs of the 2017 bull run. Welcome back to Chain Reaction. crash redux.

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Autobytel Cuts 35 Percent Of Staff, Looks For Buyer

socalTECH

Irvine-based Autobytel said Friday morning that the firm has cut 75 positions, or approximately 35% of its workforce, and hired an investment bank to "review strategic alternatives" for the firm. Autobytel provides marketing services for automotive dealers. READ MORE>>

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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

Even a million users on your social media site won’t pay the bills until you sell some advertising or a premium service. 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.

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OneRoof Energy Cuts Staff, Realigns Business

socalTECH

San Diego-based residential solar installer OneRoof Energy has cut its staff, and says it is in a major realignment of its business operations to tap into consumer services providers and partners, rather than invest in its own direct sales. Size of the cuts were not announced by the company. READ MORE>>.

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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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