Airlift, Pakistan’s top startup, is shutting down, two sources familiar with the matter told TechCrunch, following its inability to raise fresh capital. The startup told employees Tuesday evening that it will be shutting down on Wednesday, according to the sources and slides presented to them. The startup was attempting to put together a new round…
Monthly Archives: July 2022
TechCrunch doesn’t tend to cover personnel changes because the startup world is sufficiently massive as to render any particular job changes too small for our lens. However, Instacart this morning announced a slew of promotions inside of its senior leadership, and given that the company filed for an IPO — albeit privately — we’re paying…
Microsoft today became the latest Big Tech company to cut jobs during a period of mounting economic uncertainty. Bloomberg reports that the Redmond firm is “realigning business groups and roles” after the close of its fiscal year (on June 30), even as the company intends to grow its headcount in the coming months. The layoffs…
As the global venture capital market slows, it’s also evolving. In the second quarter of 2022, global venture totals dipped, but inside of that slowdown is a shift away from the super-late-stage deals that helped push the value of VC deal-making to all-time highs last year. And we’re seeing regional differences that could indicate that…
If you’ve spent any time sitting around with grizzled old photography veterans, you’ve probably sat through more than your fair share of ‘Canon vs Nikon’ debates. Boring and pointless as they are, they were indicative of an industry where there were two major players and a bunch of also-rans. This week, reports suggest that Nikon…
Inflation is at a 40-year high in the U.S., but a 23-ounce can of AriZona iced tea still costs 99 cents. Founder and CEO Don Vultaggio says he plans to keep the price where it’s been since he launched the company 30 years ago. “Consumers don’t need another price increase from a guy like me,”…
As the market swoons, venture capital firms continue to announce new funds. TechCrunch reporters covered five of these more in-depth Tuesday as you will see below. Meanwhile, I corresponded with three firms about their funds and any concerns that limited partners had brought up during the fundraising stage. Haris Khurshid, general partner at Chalo Ventures,…
Nolan Church Contributor Share on Twitter Nolan Church is the co-founder and CEO of Continuum. He was previously chief people officer at Carta and head of talent at DoorDash. In an economic climate like this, layoffs are a necessary evil. But what most founders don’t realize is that you shouldn’t just optimize for efficiency —…
The Quarry, one of the best horror games of this year, is at its lowest price yet at Amazon right now. As part of its Prime Day deals, Amazon has slashed the price of this excellent well… slasher, by $20 in the US and £20 in the UK, meaning you can pick up The Quarry…
Cybercriminals are impersonating cybersecurity companies to try and lure victims into downloading compromising programs. An investigation by Crowdstrike, one of the cybersecurity companies impersonated in the campaign, uncovered a “callback phishing” campaign in which threat actors are reaching out to various companies via email, telling them their endpoints are compromised, and urging them to call…