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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.

Layoffs 136
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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.

Startup 251
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Interview with Minnie Ingersoll, TenOneTen Ventures

socalTECH

What's the hardest part of being a startup entrepreneur? Minnie Ingersoll: I grew up here in Southern California, in Pasadena, and have been in the Bay Area for a number of years, and just became a new partner at TenOneTen Ventures. Minnie Ingersoll: A few things, but most recently I started by own company, in 2013.

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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

Paul Kedrosky made the case for “naive optimism&# being an important part of startup success. I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on the skills I’ve developed in my career. got picked up early without raising a lot of VC. Always have been.

Invest 284
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Report: Faraday Future Loses Key EV Designer

socalTECH

Troubled, Los Angeles-based electric vehicle startup Faraday Future has lost a key electric vehicle designer, among a number of layoffs at the company over the last few weeks, according to a report. READ MORE>>.

Design 113
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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 145
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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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