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SpaceX launches 60 more satellites during 15th Starlink mission - techcrunch

SpaceX launches 60 more satellites during 15th Starlink mission

SpaceX has launched another batch of 60 Starlink satellites, the primary ingredient for its forthcoming global broadband internet service. The launch took place at 11:31 AM EDT, with a liftoff from Cape Canaveral Air Force Station in Florida. This is the fifteenth Starlink launch thus far, and SpaceX has now launched nearly 900 of the […]
techcrunch - 1 day ago
Yale may have just turned institutional investing on its head with a new diversity edict - techcrunch

Yale may have just turned institutional investing on its head with a new diversity edict

It could be the long-awaited turning point in the world of venture capital and beyond. Yale, whose $32 billion endowment has been led since 1985 by the legendary investor David Swensen, just let its 70 U.S. money managers across a variety of asset classes know that for the school, diversity has now moved front and […]
techcrunch - 1 day ago
Facebook and Twitter CEOs to testify before Congress in November on how they handled the election - techcrunch

Facebook and Twitter CEOs to testify before Congress in November on how they handled the election

Shortly after voting to move forward with a pair of subpoenas, the Senate Judiciary Committee has reached an agreement that will see the CEOs of two major social platforms testify voluntarily in November. The hearing will be the second major congressional appearance by tech CEOs arranged this month. The Republican-led Senate Judiciary committee is chaired […]
techcrunch - 1 day ago
The RIAA is coming for the YouTube downloaders - techcrunch

The RIAA is coming for the YouTube downloaders

In ye olden days of piracy, RIAA takedown notices were a common thing — I received a few myself. But that’s mostly fallen off as tracking pirates has gotten more difficult. But the RIAA can still issue nastygrams — to the creators of software that could potentially be used to violate copyright, like YouTube downloaders. […]
techcrunch - 1 day ago
Daily Crunch: Uber and Lyft defeated again in court - techcrunch

Daily Crunch: Uber and Lyft defeated again in court

A California court weighs in as Prop. 22 looms, Google removes popular apps over data collection practices and the Senate subpoenas Jack Dorsey and Mark Zuckerberg. This is your Daily Crunch for October 23, 2020. The big story: Uber and Lyft defeated again in court A California appeals court ruled that yes, a new state […]
techcrunch - 1 day ago
Boston startups expand region’s venture capital footprint - techcrunch

Boston startups expand region’s venture capital footprint

This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth […]
techcrunch - 1 day ago
The short, strange life of Quibi - techcrunch

The short, strange life of Quibi

“All that is left now is to offer a profound apology for disappointing you and, ultimately, for letting you down,” Jeffrey Katzenberg and Meg Whitman wrote, closing out an open letter posted to Medium. “We cannot thank you enough for being there with us, and for us, every step of the way.” With that, the […]
techcrunch - 2 days ago
OnePlus’s 8T handset brings faster charging and a 120Hz display for $749  - techcrunch

OnePlus’s 8T handset brings faster charging and a 120Hz display for $749 

OnePlus continues its twice-yearly smartphone cycle with today’s arrival of the 8T. The latest device isn’t a huge upgrade over April’s OnePlus 8, but continues the company’s longstanding tradition of offering some of the most solid Android handsets at a reasonable price point. The cost has edged up a bit in recent years, but $749 […]
techcrunch - 2 days ago
CA appeals court upholds ruling that Uber and Lyft must classify drivers as employees - techcrunch

CA appeals court upholds ruling that Uber and Lyft must classify drivers as employees

Uber and Lyft must classify their drivers as employees, an appellate court ruled yesterday evening. However, the decision will be stayed for 30 days after the court issues the remittitur, which has not happened yet. That means depending on how ballot measure Proposition 22 goes, this case may not end up being the deciding factor […]
techcrunch - 2 days ago
Calling Brussels VCs: Be featured in The Great TechCrunch Survey of European VC - techcrunch

Calling Brussels VCs: Be featured in The Great TechCrunch Survey of European VC

TechCrunch is embarking on a major new project to survey the venture capital investors of Europe, and their cities. Our <a href=”https://forms.gle/k4Ji2Ch7zdrn7o2p6”>survey of VCs in Brussels will capture how the city is faring, and what changes are being wrought amongst investors by the coronavirus pandemic. (Please note, if you have filled the survey out already, […]
techcrunch - 2 days ago
Google removes 3 Android apps for children, with 20M+ downloads between them, over data collection violations - techcrunch

Google removes 3 Android apps for children, with 20M+ downloads between them, over data collection violations

When it comes to apps, Android leads the pack with nearly 3 million apps in its official Google Play store. The sheer volume also means that sometimes iffy apps slip through the cracks. Researchers at the International Digital Accountability Council (IDAC), a non-profit watchdog based out of Boston, found that a trio of popular and […]
techcrunch - 2 days ago
Huawei reports slowing growth as its operations “face significant challenges” - techcrunch

Huawei reports slowing growth as its operations “face significant challenges”

Huawei announced earnings results today showing that its growth has slowed significantly this year as the Chinese telecom equipment and smartphone giant said its “production and operations face significant challenges.” While Huawei did not specify trade restrictions in its brief announcement, the company has been hit with a series of commercial trade restrictions by the […]
techcrunch - 2 days ago
Nordic challenger bank Lunar raises €40M Series C, plans to enter the ‘buy now, pay later’ space - techcrunch

Nordic challenger bank Lunar raises €40M Series C, plans to enter the ‘buy now, pay later’ space

Lunar, the Nordic challenger bank that started out life as a personal finance manager app (PFM) but acquired a full banking license in 2019, has raised €40 million in Series C funding from existing investors. The injection of capital follows a €20 million Series B disclosed in April this year and comes on the back […]
techcrunch - 2 days ago
France rebrands contact-tracing app in an effort to boost downloads - techcrunch

France rebrands contact-tracing app in an effort to boost downloads

Don’t call it StopCovid anymore. France’s contact-tracing app has been updated and is now called TousAntiCovid, which means ‘everyone against Covid’. The French government is trying to pivot so that it’s no longer a contact-tracing app — or at least not just a contact-tracing app. Right now, TousAntiCovid appears to be a rebranding more than […]
techcrunch - 2 days ago
India’s Flipkart buys over $200 million stake in Aditya Birla Fashion and Retail - techcrunch

India’s Flipkart buys over $200 million stake in Aditya Birla Fashion and Retail

Flipkart is acquiring a 7.8% stake in Aditya Birla Fashion as the Walmart-owned Indian e-commerce firm makes further push into the fashion category in one of the world’s largest retail markets. The e-commerce group will pay $203.8 million for its stake in Aditya Birla Fashion and Retail, a conglomerate that operates over 3,000 stores including […]
techcrunch - 2 days ago
Senate subpoenas could force Zuckerberg and Dorsey to testify on New York Post controversy - techcrunch

Senate subpoenas could force Zuckerberg and Dorsey to testify on New York Post controversy

The Senate Judiciary Committee voted in favor of issuing subpoenas for Facebook’s Mark Zuckerberg and Twitter’s Jack Dorsey Thursday, meaning that there might be two big tech CEO hearings on the horizon. Republicans in the committee declared their interest in a hearing on “the platforms’ censorship of New York Post articles” after social networks limited […]
techcrunch - 2 days ago
Representatives propose bill limiting Presidential internet ‘kill switch’ - techcrunch

Representatives propose bill limiting Presidential internet ‘kill switch’

A pair of U.S. Representatives — one from each party — are proposing a law that would limit the President’s ability to shut down the internet at will. That may not strike you as an imminent threat, but federal police disappearing protestors into unmarked vans probably didn’t either, until a couple months ago. Let’s keep […]
techcrunch - 2 days ago
Quibi says it will shutdown in early December - techcrunch

Quibi says it will shutdown in early December

Quibi is shutting down — we know that much for sure. But when? If you’re looking to blast through all 25 episodes of the Reno 911 revival series before Quibi calls its quits, how long do you actually have? While it seems even Quibi isn’t 100% certain yet, they’ve at least now given users a […]
techcrunch - 2 days ago
Extra Crunch Partner Perk: Get 6 months free of Zendesk Support and Sales CRM - techcrunch

Extra Crunch Partner Perk: Get 6 months free of Zendesk Support and Sales CRM

We’re excited to announce an update to the Extra Crunch Partner Perk from Zendesk. Starting today, annual and two-year Extra Crunch members that are new to Zendesk, and meet their startup qualifications, can now receive six months of free access to Zendesk’s Sales CRM, in addition to Zendesk Support Suite, Zendesk Explore and Zendesk Sunshine. […]
techcrunch - 2 days ago
Daily Crunch: Facebook Dating comes to Europe - techcrunch

Daily Crunch: Facebook Dating comes to Europe

Facebook’s dating feature expands after a regulatory delay, we review the new Amazon Echo and President Donald Trump has an on-the-nose Twitter password. This is your Daily Crunch for October 22, 2020. The big story: Facebook Dating comes to Europe Back in February, Facebook had to call off the European launch date of its dating […]
techcrunch - 2 days ago
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techcrunch
FloorFound is bringing online return and resale to direct to consumer furniture businesses

FloorFound is bringing online return and resale to direct to consumer furniture businesses

techcrunch - 1 week ago

Over the next five years consumers will return an estimated 40 million to 50 million pieces of furniture that more than likely will end up in landfills, creating tons of unnecessary waste, according to Chris Richter, the founder of a new Austin-based furniture startup, FloorFound.

To reduce that waste, and give retailers another option for their used goods, Richter has launched FloorFound. The company is designed to manage furniture returns and resale for online merchants. So far, companies like Floyd Home, Inside Weather, Outer and Feather (the furniture rental company) are using FloorFound’s services.

“We have a very large pipeline and we’ve been operating since April first,” said Richter. “We can pick up in any major metro locally and inspect it locally. We have a platform layer where we can run inspections against those items.”

As consumers look to reduce their environmental footprint, an easy place to start is by buying used items, Richter said, and he expects that most brands will start to incorporate used and new products in their virtual and real showrooms. “Every brand will commingle new items with resale items,” he said. “We are trying to put retailers in the resale business with their own return inventory.” To prove his point, Richter pointed to companies like REI and The Gap, which have partnered with ThredUp to sell used clothes.

To compliment its returns business and give online sellers a way to work more seamlessly with local vendors the company has logistics partnerships with providers including Pilot Freight Services, Metropolitan Warehouse and Delivery and J.B. Hunt Transport.

Working with co-founder Ryan Matthews, the former director of technology for the Austin-based high end retailer Kendra Scott, Richter has set up a business that can tap into both the demand for better customer service for the return of large items and the growing call for greater sustainability in the furniture industry.

It was an attractive enough proposition to attract a pre-seed investment from Schematic Ventures, a venture fund focused exclusively on technological innovations for supply chain management.

The broken experience of oversized e-commerce has kept a multi-billion dollar category offline. It’s not a simple problem: oversized items require coordination of a hyper-fragmented micro carrier network, complex physical processing, and then re-injection into an e-commerce channel that aligns with the brand,” said Julian Counihan, a general partner at Schematic Ventures. “UPS and FedEx just aren’t going to cut it. FloorFound is tackling this challenge with a team tailor-made for the task: Chris Richter, Ryan Matthews and Shannon Hardt have backgrounds spanning supply chain, delivery, e-commerce and enterprise software. FloorFound will be the final push that moves the remaining offline categories, online. 

sauce: techcrunch
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