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Sequoia’s Mike Vernal outlines how to design feedback loops in the search for product-market fit - techcrunch

Sequoia’s Mike Vernal outlines how to design feedback loops in the search for product-market fit

"Finding product-market fit is not a deterministic process. Most of the time, it requires iteration. It requires constant adaptation."
techcrunch - 41 minutes ago
Blizzard lawsuit, Dead Space, Respawn, Dragon Age 4, and more | GB Decides 206 - venture beat

Blizzard lawsuit, Dead Space, Respawn, Dragon Age 4, and more | GB Decides 206

Working at Blizzard sounds like a challenge for women and minorities, and in some instances, it sounds like a nightmare. At least, those are the allegations in California Department of Fair Employment and Housing’s Blizzard lawsuit. The crew discusses that on this episode of the GamesBeat Decides podcast. GamesBeat editors Mike Minotti and Jeff Grubb […]
venture beat - 1 hour ago
Hear Startup Alley companies pitch expert VC judges on the next episode of Extra Crunch Live - techcrunch

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We know how much you love a good startup pitch-off. Who doesn’t? It combines the thrill of live, high-stakes entertainment with learning about the hottest new thing. Plus, you get to hear feedback from some of the smartest folks in the industry, thus learning how to absolutely crush it at your next pitch meeting with […]
techcrunch - 1 hour ago
Automakers have battery anxiety, so they’re taking control of the supply - techcrunch

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techcrunch - 2 hours ago
Peer-to-peer car rental startup Getaround fined nearly $1M by DC’s Attorney General - techcrunch

Peer-to-peer car rental startup Getaround fined nearly $1M by DC’s Attorney General

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techcrunch - 3 hours ago
Rivian raises another $2.5B, pushing its EV war chest up to $10.5B - techcrunch

Rivian raises another $2.5B, pushing its EV war chest up to $10.5B

Rivian announced Friday that it has closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc. Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue also participated in the round. “As we near […]
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Judge denies Wisk Aero’s request for preliminary injunction against Archer Aviation - techcrunch

Judge denies Wisk Aero’s request for preliminary injunction against Archer Aviation

Electric aviation startup Wisk Aero’s request for a preliminary injunction against rival Archer Aviation was denied by a federal judge Thursday, the latest in an ongoing legal battle over whether Archer stole trade secrets in developing its flagship Maker aircraft. A full written opinion has not yet been published. In a tentative ruling filed earlier […]
techcrunch - 6 hours ago
GM recalls Bolt EVs once again over fire risks - techcrunch

GM recalls Bolt EVs once again over fire risks

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techcrunch - 7 hours ago
Snap had its best quarter in four years - techcrunch

Snap had its best quarter in four years

If you’ve started using Snapchat more regularly this year, you’re not alone. At yesterday’s Q2 earnings call, Snap CEO Evan Spiegel announced that the platform grew both revenue and daily active users at the highest rates it has achieved in the last four years. Snapchat now has 293 million daily active users, growing 23% since […]
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Mint’s first PM raises millions for Monarch, an Accel-backed money management platform - techcrunch

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techcrunch - 7 hours ago
China’s expected edtech clampdown may chill a key startup sector - techcrunch

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techcrunch - 8 hours ago
How an AI entrepreneur deals with dirty real-world data - venture beat

How an AI entrepreneur deals with dirty real-world data

Women in the AI field are making research breakthroughs, spearheading vital ethical discussions, and inspiring the next generation of AI professionals. We created the VentureBeat Women in AI Awards to emphasize the importance of their voices, work, and experience, and to shine a light on some of these leaders. In this series, publishing Fridays, we’re […]
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Checkout is the key to frictionless B2B e-commerce - techcrunch

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techcrunch - 8 hours ago
Lucid Motors’ SPAC merger approved after executives issue plea to shareholders to vote - techcrunch

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Shareholders approved Friday EV startup Lucid Motors’ merger with special purpose acquisition company Churchill Capital IV, after the companies extended the deadline by one day because not enough retail investors showed up to cast their vote. The issue is an unusual but could become more common as more companies eschew the traditional IPO path to […]
techcrunch - 8 hours ago
Alphabet’s Intrinsic aims to make industrial robots more capable - techcrunch

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techcrunch - 9 hours ago
Duolingo’s bellwether IPO - techcrunch

Duolingo’s bellwether IPO

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We were smaller team this week, with Natasha and Alex together with Chris to sort through yet another summer frenzy of a week. This time around we actually recorded live on Twitter Spaces, which was a first for the podcast. […]
techcrunch - 10 hours ago
Payments company Paystone raises $23.8M to help service-based businesses engage with customers - techcrunch

Payments company Paystone raises $23.8M to help service-based businesses engage with customers

Paystone provides electronic payments and customer engagement technology to businesses, particularly those that provide services.
techcrunch - 11 hours ago
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techcrunch
Delivery service Gopuff acquires rideOS for $115 million-plus

Delivery service Gopuff acquires rideOS for $115 million-plus

techcrunch - 1 month ago

On-demand goods, food and alcohol delivery service Gopuff has acquired fleet management platform rideOS for $115 million to $125 million, sources familiar with the deal say.

This acquisition comes just a few months after the Philadelphia-based startup announced a $1.15 billion funding round at a $8.9 billion valuation, up from $3.9 billion in October. Last fall, the company also raised $380 million and bought BevMo, a beverage retailer. Gopuff did not share its updated valuation with this new acquisition.

Gopuff provides delivery of everything from cleaning and pet products to over-the-counter medication and food in more than 650 U.S. cities, charging $1.95 for delivery that happens in 30 minutes or less and is available either very late or even 24/7.

This will be incredibly important as the company looks to expand into New York this year, a place where residents expect high rent prices to come with the opportunity to have anything from hummus to diapers delivered at 4 a.m. Speaking of diapers, Gopuff told TechCrunch it has just doubled its baby category and added hundreds of new local products, and that it has expanded to delivering beauty products and “better-for-you” products, which seem to be a mix of organic stuff and healthier snacks.

Gopuff also acquired U.K.-based Fancy Delivery in May, marking its first entrance into international markets. As the company prepares to expand in more complex and high-density cities and enter into new verticals, Gopuff says rideOS’s tech geared toward advanced routing, complex dispatch and fleet optimization will be essential. The company aims to use its new IP to better power multimodal deliveries and reduce delivery times.

By acquiring rideOS, Gopuff also hopes to improve its unit economics and develop new tools to help both its delivery managers and partners be more organized and efficient on the ground, the company says. RideOS, a platform created and led by former Uber, Google and Apple employees in the mapping and ride-hailing space, sees this acquisition as a chance to scale and stay at the forefront of defining the Instant Needs economy.

“Gopuffs mission and global ambition to be the worlds go-to solution for immediate everyday needs is a natural extension of rideOS vision to build software that efficiently moves people and things throughout the world, said Justin Ho, co-founder and CEO of rideOS, in a statement. “Given Gopuffs exponential growth, we expect to significantly increase our headcount by the end of this year, expanding our presence in Silicon Valley, Pittsburgh, and Berlin.

sauce: techcrunch
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