TechCrunch Startup News

Domestic stocks rose today in the United States, with all major indices opening higher. TechCrunch has slowed its daily coverage of the US stock market as volatility has receded. We try to avoid covering the stock market too much, but there are days when doing so would be derelict. The value of public companies impacts […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Esports One is a startup betting that there’s a big opportunity in bringing a fantasy sports approach to the world of esports — particularly at a time when traditional pro sports are on pause. Co-founder and COO Sharon Winter told me that the company’s platform, which is leaving beta testing today, is the first “all-in-one […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Motherly CEO Jill Koziol admits that it was a tough pitch when she and her co-founder Liz Tenety first tried to get investors on-board in 2015. “We wanted to create a brand first and foremost,” Koziol told me. “We did not want to go and build a media company or a [direct-to-consumer] company or Facebook […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

The U.K.’s fintech’s response to the coronavirus pandemic so far might best be described as “move fast, [and] make things,” as multiple and sometimes impromptu teams roll out financial technology solutions to help combat the crisis. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This morning, Utah-based SaaS startup Podium announced that it has closed a $125 million Series C led by Y Combinator’s Continuity fund, with participation from Sapphire Ventures. Prior investors Alkeon, IVP, GV, Summit, Accel and Recruit Co. also took part in the funding event. The new capital values Podium at around $1.5 billion, and brings […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Just a few months after closing a new $185 million fund to continue backing early-stage European startups, Blossom Capital, the VC firm founded by Ophelia Brown, is announcing a new angel investment program seeking to back European unicorn alumnus. Dubbed “Cultivate,” the new program looks to create a 30-strong angel network made up of founders […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

TechCrunch confirmed today that BounceX (the firm is rebranding this year) has executed layoffs and salary cuts in the wake of recent COVID-19-led economic disruptions. Many startups are undergoing staff cuts as the domestic and global economies slow, making individual reductions less newsworthy as the layoff tally rises. However, as BounceX is a company we’ve […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

It’s clear that the people who can let go of their past plans and embrace the new environment ahead will thrive. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Bustle Digital Group, owner of a portfolio of digital media properties including Bustle itself, says it laid off two dozen staffers today. That includes eliminating the entire staff of The Outline, a culture site that it acquired a year ago. In a statement, a BDG spokesperson said the company will continue to host The Outline’s archives, […] Learn more about your ad choices. Visit podcastchoices.com/adchoices

Learn more about your ad choices. Visit podcastchoices.com/adchoices