The McLaren Senna GTR shouldn’t exist. This feat of engineering and design isn’t allowed on public roads. It’s built for the track, but prohibited from competing in motorsports. And yet, the GTR is no outlier at McLaren . It’s part of their Ultimate Series, a portfolio of extreme and distinct hypercars that now serve as…
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here. 1. 300M-user Imgur launches Melee, a gaming meme app Melee, the company’s first app beyond its flagship product, lets users subscribe to…
Plexo Capital, the fund founded by former GV Partner Lo Toney, has closed its first fund of $42.5 million. The plan is to invest in both startups and emerging VC funds, with 60% to 65% of the capital going toward venture capital funds as a limited partner, and 35% to 40% going directly to startups,…
Korean e-commerce giant Coupang has a new chief financial officer. The company announced today that it has hired Alberto Fornaro, who previously served the same role at International Gaming Technology (IGT PLC), the multinational gaming machine company. Fornaro succeeds Richard Song, who joined Coupang in 2011 and is retiring. Coupang is Korea’s largest e-commerce platform.…
Peyton Carr is a Financial Adviser to founders, entrepreneurs and their families, helping them with planning and investing. He is a Managing Director of Keystone Global Partners. More posts by this contributor Make a personal plan for your exit or IPO Founders, entrepreneurs, and tech executives in the know realize they may be able to…
Nintendo today noted that the Switch just had its best-ever sales week in the States. Over the course of Thanksgiving week, the three-year-old console moved more than 830,000 units. That brings the system up to a combined 17.5 million units in the U.S., by Nintendo’s count. It’s pretty impressive momentum for a mature console. Back…
Flow, a startup that helps brands and retailers build a cross-border e-commerce business, has raised $37 million in Series B funding. CEO Rob Keve said that thanks to the magic of social media and digital marketing, many direct-to-consumer brands are reaching consumers around the world. However, the actual shopping experience for those consumers often leaves…
Instagram dodges child safety laws. By not asking users their age upon signup, it can feign ignorance about how old they are. That way, it can’t be held liable for $40,000 per violation of the Child Online Privacy Protection Act. The law bans online services from collecting personally identifiable information about kids under 13 without…
Fronted, a new London-based startup aiming to make life easier for renters, is breaking cover today. The company, founded by Jamie Campbell, Simon Vans-Colina and Anthony Mann — former employees at Bud, Monzo and Apple, respectively — will launch early next year with a fintech product to help renters finance their rental deposits. The plan…
AWS announced a new local zone today in LA, designed to provide customers in southern California with a set of higher bandwidth, lower latency compute resources. It’s not a coincidence that this area is the epicenter of the entertainment industry. Having a local zone gives LA-area companies, whether that’s related to video processing, gaming, ad…
