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The startup market is taking on more and more risk - techcrunch

The startup market is taking on more and more risk

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter for your weekend enjoyment.
techcrunch - 2 hours ago
Paris asks scooter sharing services to restrict speed to 10km/h - techcrunch

Paris asks scooter sharing services to restrict speed to 10km/h

Riding a scooter in Paris will soon feel incredibly… slow. The City of Paris has announced that scooter sharing services should restrict the maximum top speed to 10km/h (that’s 6.2mph). That decision comes following a number of pedestrian injuries that involved a scooter. Paris has been an important market for scooter sharing companies. It’s a […]
techcrunch - 1 day ago
Apple’s mixed reality headset may be a standalone device - techcrunch

Apple’s mixed reality headset may be a standalone device

Apple's long-rumored mixed reality headset will be powered by two processors, according to renowned analyst Ming-Chi Kuo. In Kuo's latest research report, and won't need to be tethered to an iPhone.
techcrunch - 1 day ago
Italy fines Apple and Google for ‘aggressive’ data practices - techcrunch

Italy fines Apple and Google for ‘aggressive’ data practices

Apple and Google have been fined €10 million apiece by Italy’s competition and market authority (AGCM) which has found they did not provide their users with clear enough information on commercial uses of their data — in violation of the country’s consumer code. The regulator also accuses the pair of deploying “aggressive” practices to push […]
techcrunch - 1 day ago
Our Black Friday discounts end soon — grab your $20 pass to TC Sessions: Space - techcrunch

Our Black Friday discounts end soon — grab your $20 pass to TC Sessions: Space

If you celebrated the American Thanksgiving yesterday, you’re probably stuffed to the gills and barely able to move. Good news, though. It takes only a few clicks — no cardio required — to score a $20 pass to TC Sessions: Space 2021 before our Black Friday sale ends Sunday, November 28 at 11:59 pm (PT). […]
techcrunch - 1 day ago
IoT data collector Samsara’s IPO will be fun to watch - techcrunch

IoT data collector Samsara’s IPO will be fun to watch

Samsara would have to command a revenue multiple of just under 12x to meet its final private price. Will it manage that? Er, yes. Yes, it will.
techcrunch - 1 day ago
Jefa raises $2 million for its challenger bank for women in LATAM - techcrunch

Jefa raises $2 million for its challenger bank for women in LATAM

Fintech startup Jefa has raised a $2 million seed round to build a challenger bank with a product specifically designed for women living in Latin America and the Caribbean. The company has managed to attract 115,000 women on its waitlist and participated in TechCrunch’s Startup Battlefield last year. Investors in Jefa include The Venture Collective, […]
techcrunch - 1 day ago
Germany’s incoming government wants to end coal use by 2030 - techcrunch

Germany’s incoming government wants to end coal use by 2030

Germany plans to phase out coal by 2030, eight years earlier than previously planned, as part of its latest climate pledge. That same year, it wants 80% of its electricity sourced from renewables.
techcrunch - 1 day ago
PPC Affects After BERT Update; Impact on Promoters - readwrite

PPC Affects After BERT Update; Impact on Promoters

Google makes constant updates to the algorithms every year for increasing relevance in the SERP. As an online marketer, you are already aware of this fact. So far, BERT has been one of the most significant algorithm updates rolled out by Google and is considered the most significant change since the search engine giant released […] The post PPC Affects After BERT Update; Impact on Promoters appeared first on ReadWrite.
readwrite - 2 days ago
Vauban, an AngelList-like platform for VCs and angels to run and raise funds, closes $6.3m - techcrunch

Vauban, an AngelList-like platform for VCs and angels to run and raise funds, closes $6.3m

It’s always been a slight puzzle why AngelList never really properly took off in Europe, especially when, a few years ago, there was such a dearth of funding options for poorly served European startups. But the reasons are fairly simple when you look at them. For starters, the US tech industry boomed in the last […]
techcrunch - 2 days ago
Astroscale raises $109M for its on-orbit services technology - techcrunch

Astroscale raises $109M for its on-orbit services technology

Japanese space startup Astroscale has raised $109 million in a new Series F round of financing, brining the company’s total funding raised to date to $300 million. The company specializes in on-orbit servicing technology, designed to help reduce the amount of debris that exists in operating orbital altitudes, and also to extend the life of […]
techcrunch - 2 days ago
Perfeggt brings in first capital to shell out plant-based egg alternative - techcrunch

Perfeggt brings in first capital to shell out plant-based egg alternative

Worldwide, over 1.3 trillion eggs are produced annually, and Perfeggt co-founders believe this market is largely untapped and has room to grow with plant-based alternatives.
techcrunch - 2 days ago
Pyxo wants to build the biggest network of reusable food containers - techcrunch

Pyxo wants to build the biggest network of reusable food containers

Meet Pyxo, a French startup that has been thinking a lot about single-use plastic food packaging for the past three years. The company wants to offer a service that makes it as easy and as cost-efficient to use reusable food storage containers at scale. The idea behind Pyxo comes from a fair at the Tuileries […]
techcrunch - 2 days ago
Pet video marketplace Camlist eyes UK growth after raising $1.3 million pre-seed funding - techcrunch

Pet video marketplace Camlist eyes UK growth after raising $1.3 million pre-seed funding

Camlist, a video marketplace for pets, has raised $1.3 million in a pre-seed round, funding that the startup plans to use to develop its platform and grow its workforce — as it looks to expand its reach in the UK, its second market (after the U.A.E.), which it entered earlier this year. Unlike other marketplaces, […]
techcrunch - 2 days ago
Ant is changing how consumers borrow money from its app - techcrunch

Ant is changing how consumers borrow money from its app

In December 2020, Beijing laid out a guideline for Ant Group to “rectify” its business after calling off its IPO, which could have been the largest initial public offering in history. In the plan, regulators asked Ant to revamp its credit business, among other changes that would make it subject to the same set of […]
techcrunch - 2 days ago
How Pilot convinced Index Ventures to think long-term about margins - techcrunch

How Pilot convinced Index Ventures to think long-term about margins

Whether you agree or not, it's hard to ignore the fact that the multipliers in Silicon Valley and the growth of software businesses have changed the way we think about a startup's timeline.
techcrunch - 2 days ago
Coinbase acquihires team behind BRD crypto wallet - techcrunch

Coinbase acquihires team behind BRD crypto wallet

As crypto proponents look to onboard a new generation of users, one of the major consumer onramps has been a host of consumer wallet apps with slick interfaces. Today, Coinbase announced that it is bringing on the team from BRD — a crypto wallet startup that first launched its mobile wallet back in 2014. While […]
techcrunch - 2 days ago
Robots and AI assist in designing and building Swiss university’s ‘hanging gardens’ - techcrunch

Robots and AI assist in designing and building Swiss university’s ‘hanging gardens’

Architecture and construction have always been, rather quietly, at the bleeding edge of tech and materials trends. It’s no surprise, then, especially at a renowned technical university like ETH Zurich, to find a project utilizing AI and robotics in a new approach to these arts. The automated design and construction they are experimenting with show […]
techcrunch - 3 days ago
TabTrader raises $5.8M for a mobile app that aggregates crypto exchange data - techcrunch

TabTrader raises $5.8M for a mobile app that aggregates crypto exchange data

As many of the top cryptocurrencies seem to temporarily stabilize near all-time-highs, users looking to speculate on tokens that are a bit more volatile are searching across exchanges to find deals. Amsterdam-based startup TabTrader has been capitalizing on this search with a platform that aggregates prices and token availability across dozens of exchanges. While other […]
techcrunch - 3 days ago
Head of Instagram Adam Mosseri will testify before the Senate on teen mental heath - techcrunch

Head of Instagram Adam Mosseri will testify before the Senate on teen mental heath

Head of Instagram Adam Mosseri will testify before the Senate for the first time as part of a series of hearings about online safety for children and teens. Per the New York Times, Mosseri’s hearing will take place on December 6. Mosseri’s upcoming testimony comes after Sen. Richard Blumenthal (D-CT) wrote a letter to Facebook […]
techcrunch - 3 days ago
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techcrunch
Continuum unveils its on-demand access marketplace for top-tier executive talent

Continuum unveils its on-demand access marketplace for top-tier executive talent

techcrunch - 1 month ago

Its difficult for startups on a small budget to attract executives with the knowledge base to propel them forward, but Continuum, a talent marketplace for fractional employees, doesnt think it should be.

The remote-first company, which launched today, has been quietly developing a tool that matches venture-backed companies with executives who have been-there-done-that, but dont want to be tied down again by a full-time position.

Continuum was founded in 2020 by Nolan Church, former Carta chief people officer and DoorDash head of talent; Greg White, former Carta head of DevOps and security engineering; and Mary Nelson, former Voxer head of product and design. They set out to build a way for companies to access world-class talent, but not be locked into hiring someone full time.

There is an extreme talent shortage, which has been covered at length, but it is harder than ever to hire someone; the process is taking longer than ever and the best people have more options than ever before, Church told TechCrunch. That got us thinking about full time as one path that exists among a couple of others.

The shortage, combined with more startups raising seed and Series A investments, means that these burgeoning companies arent seeing the kind of inbound attention from job seekers, but instead have to do outbound, either themselves or through a recruiter.

Continuums model does the outbound work for companies and presents a list of executives, within 48 hours, who are available to start that day, working 15 or 20 hours per week. Executives create a profile and set their availability and rate and can accept or reject an opportunity. Continuum charges a 15% fee on top of that.

On the company side, it enables them to avoid acquiring massive amounts of people debt, while also learning from someone who has already done it. Continuum also manages the back office management of the worker: contracts, taxes and payouts, invoicing the startup monthly.

To continue developing its marketplace, the company announced Friday a $2.85 million seed round. Uncork Capital led and was joined by Day One Ventures and a group of angel investors, including Lattice founder Jack Altman, Carta CEO Henry Ward, Flippa founder Matt Mickiewicz and DoorDash founder Tony Xu.

Altman, in people management himself, said he sees what Continuum is doing more flexible working opportunities as the future of work. He got involved with the company early on and found Church and his co-founders to be mission-driven and putting together the kind of talent marketplace that fits with where he believes the working world is headed.

Employees have more choice than ever before, he added. People are also not just staying in one area, but are multifaceted humans with lots of interests. The world of work is swinging toward the employer every year, and companies have to support people in order to build successful companies.

Continuum launched its product in June, and since then is seeing an increase of five times the gross volume. Church says product features are about 80% of the way there, so the new funding will go toward building additional executive back office tools and hiring engineers to finish that out.

The company is beginning to scale supply and demand acquisition and is working with 100 executives on that side and three dozen startups on the other side.

COVID has pushed everyone into a remote world being OK, Church added. Location is now agnostic and we can solve the global problem of it being hard to hire specialists and executives.

 

sauce: techcrunch
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