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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 is essentially a Tier 1 supplier for the automotive and aerospace industry.

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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.

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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. If things do fail harder and faster than before, the question is how quickly young startups and crypto communities can adjust to shifting fortunes. Subscribe to Chain Reaction on Apple , Spotify or your alternative podcast platform of choice to keep up with us every week.

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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. Telecom carriers should recognize these challenges and tweak their services accordingly to better serve their customer needs. Stay Data-Driven.

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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. Your startup may be profitable, but broke. You can make profits without making any money, since the first priority of most startups is to reinvest everything back into the business for growth.

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