Tag: covid-19
Why micromobility may emerge from the pandemic stronger than before
Since its inception, shared micromobility services have been in a precarious position — one supported by millions of dollars in venture capital. But the COVID-19 pandemic has brought even more turmoil upon an industry that has long struggled with unit economics. It has led to mass layoffs, operation shutdowns across…
Read More
Despite COVID-19, optimism reigns in the Midwest’s startup scene
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Startups in the Midwest are optimistic despite the fact that a fair number of companies in the region are suffering from economic impacts stemming from COVID-19, recently collected data shows.…
Read More
Indian ride-hailing firm Ola cuts 1,400 jobs
Ola said on Wednesday it is cutting 1,400 jobs in India, or 35% of its workforce in the home market, as the ride-hailing firm works to reduce its expense to steer through the coronavirus pandemic that has severely impacted mobility companies in the country. Bhavish Aggarwal, co-founder and chief executive…
Read More
AngelList India head Utsav Somani launches micro VC fund to back 30 early-stage startups
As investors get cautious about writing new checks to early stage startups in India amid the coronavirus outbreak, AngelList’s head in India is betting that this is the right time to back young firms. On Wednesday, Utsav Somani announced iSeed, a micro VC fund to back up at least 30…
Read More
iFixit introduces a free database of medical repair manuals
Best known as leading purveyors of device teardowns, iFixit today announced that it’s turned much of its focus to even more pressing matters. For two months, the site had roughly half of its staff turn its focus to the creation of a medical repair database — one it’s labeled the…
Read More
GitLab’s head of Remote on hiring, onboarding and why Slack is a no-work zone
‘The only way to define culture in a remote setting is to write it down’ Greg Kumparak @grg / 7 hours With more than 1,200 employees distributed across over 65 countries and a valuation of nearly $3 billion, GitLab is one of the world’s most successful fully remote startups. Describing…
Read More