Hello again! Welcome to Week in Review, the newsletter where we quickly recap the top stories to cross TechCrunch dot-com over the past seven days. Want it in your inbox? Get it here.
The most read story This week is a little crazy: Bolt Mobility, an on-demand bike/scooter rental company co-founded by Usain Bolt, has kind of… vanished. “The departure was abrupt,” writes Rebecca, “leaving towns with abandoned equipment, unanswered calls and emails, and many questions.”
Amazon buys iRobot: Bezos wants it all. Whole foods! Doctor ! And now… Roomba? In this latest in a series of seemingly sudden and somewhat surprising acquisitions, Amazon is losing $1.7 billion to the company best known for its robot vacuums.
Facebook closes live shopping: If you use Facebook’s “live shopping” feature to sell things through the feed, it might be time to find a new platform. While live streaming isn’t going away, features dedicated to purchases will go dark in October.
Starbucks goes web3: I’d roll my eyes, but given how many people I know who insist on buying a Starbucks cup in every major city they visit…
More Robinhood layoffs: Phew. Just a few months ago, Robinhood cut its full-time staff by 9%; this week, the company confirmed that it was yielding another 23%. Citing overhiring over the past roaring years, CEO Vlad Tenev writes, “I have approved and taken responsibility for our ambitious staffing trajectory – it’s on me.”
YC is getting smaller: It had to happen eventually. Y Combinator was getting bigger and bigger with each class of accelerators, peaking at an absurd 414 companies in the latest batch. They’re scaling things back a bit with the next cohort – but with around 250 companies, it’s still relatively huge.
Podcasts! Get your podcasts!
This week in TechCrunch Podcast World, the Equity team talked about YC’s smaller (but still pretty huge) cohort, Darrell and Becca talked about “Instagram being MySpaced by TikTok” on The TC Podcast, and Burnsy talked about spoke with Convoy co-founder Dan Lewis about the freight company’s “secret growth hack” on TechCrunch Live.
Glambook’s $2.5 million seed deck: Glambook recently raised millions to build what it calls “Uber for the beauty industry.” How did they convince investors to come on board? In this latest installment of her Pitch Deck Teardown series, Haje walks through the deck and helps explain why certain things were held back.
What really happens when your startup is acquired?: It’s not enough to wait for a bag of cash to appear on your desk to get acquired. Yair Snir, vice president of Dell Technologies Capital, gives us a high-level overview of the entire process, “from NDA to LOI.”
Dear Sophia“How long do I have to stay at my current job after getting my green card? That’s a reasonable question! Immigration lawyer Sophie Alcorn steps in.