In the wake of WeWork’s embarrassing IPO rout, you might imagine that startups working in similar markets would cool it for a bit. Perhaps they could work on cutting spending, improving their gross margins, and, say, shooting for profitability. Not so, at least in one case. Instead of doing those things, China-based Ucommune filed to go…
Nigerian startup Rensource Energy has raised a $20 million Series A round co-led by CRE Venture Capital and the Omidyar network. The renewable energy company builds and operates solar powered micro-utilities that provide electricity to commercial community structures, such as open-air trading bazaars. Launched in 2016, the startup has shifted its operating strategy. “We’ve pivoted…
Nigerian startup Rensource Energy has raised a $20 million Series A round co-led by CRE Venture Capital and the Omidyar network. The renewable energy company builds and operates solar powered micro-utilities that provide electricity to commercial community structures, such as open-air trading bazaars. Launched in 2016, the startup has shifted its operating strategy. “We’ve pivoted…
One of India’s biggest tech startups is no longer losing money. Education tech startup Byju’s on Tuesday posted a net profit of $2.8 million on revenue of $188.8 million in the financial year that ended in March this year. During the same period, Byju’s revenue increased to $208 million, from $73.2 million a year ago.…
“Star Wars: The Rise of Skywalker” is the ninth and final film in what Lucasfilm is calling The Skywalker Saga. It’s the end of the story — that’s both its greatest asset and its heaviest burden. Certainly, if you’re hoping that a single movie can effectively wrap up every storyline, complete every character arc and…
Intel has acquired Habana Labs, an Israel-based developer of programmable deep learning accelerators for data centres, for around $2 billion. The purchase will spur Intel’s efforts to bring increasingly advanced artificial intelligence (AI) to cloud and edge based silicon, notably for enterprise and industrial networks. Intel reckons the “nascent, fast-growing” AI silicon market will be…
The Sonos One is the best smart speaker you can buy. It lets you choose between Amazon’s Alexa and Google Assistant, it has fantastic sound for its size, it supports Apple’s AirPlay 2 wireless streaming, and it’s a champ at multiroom audio. Our team has been reviewing smart speakers since the category emerged with Amazon’s…
In the wake of WeWork’s embarrassing IPO rout, you might imagine that startups working in similar markets would cool it for a bit. Perhaps they could work on cutting spending, improving their gross margins, and, say, shooting for profitability. Not so, at least in one case. Instead of doing those things, China-based Ucommune filed to go…
We’re excited to announce a new community perk for Extra Crunch. Starting today, annual and two-year Extra Crunch members located in the United States can get free access to Avodocs from AXDRAFT. Avodocs provides free legal documents for startups, including NDAs, privacy policies, founders’ agreements, employee onboarding documents, terms of service and more. Founders and…
Joe Procopio is a multi-exit, multi-failure entrepreneur. Joe is currently building Spiffy, and previously sold Automated Insights, sold ExitEvent and built Intrepid Media. More posts by this contributor Here’s what happens when you decide to sell your startup When to ditch that nightmare customer (before they kill your startup) No matter what your startup sells…
