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March 30, 2019
[TECH NEWS] EC Weekly: Gaming, crypto, shipping and the multiple future strategies of tech

[TECH NEWS] EC Weekly: Gaming, crypto, shipping and the multiple future strategies of tech

Niantic EC-1 Illustration by Nigel Sussman Greg Kumparak published the first part of his planned four part EC-1 series on Niantic yesterday, focusing on the founding story of the AR/gaming unicorn from Keyhole and Google Earth to a complicated spinout from Alphabet. Lots of great nuggets on how companies get formed and built, but one…
March 30, 2019
[TECH NEWS] Remote workers and nomads represent the next tech hub

[TECH NEWS] Remote workers and nomads represent the next tech hub

Amid calls for a dozen different global cities to replace Silicon Valley — Austin, Beijing, London, New York — nobody has yet nominated “nowhere.” But it’s now a possibility. There are two trends to unpack here. The first is startups that are fully, or almost fully, remote, with employees distributed around the world. There’s a…
March 30, 2019
[TECH NEWS] Startups Weekly: Why Lyft’s $2.2B IPO wasn’t “crazy land” or “nuts”

[TECH NEWS] Startups Weekly: Why Lyft’s $2.2B IPO wasn’t “crazy land” or “nuts”

Lyft completed its long-awaited IPO this week, trading 21 percent higher Friday than its initial offering price of $72 per share. It closed its first day of trading at about $78 per share, up roughly 9 percent. I spoke to IPO guru Brian Hamilton, the CEO of banking software company Sageworks, about Lyft’s offering to…
March 30, 2019
[TECH NEWS] In San Francisco, a fight over a homeless shelter shines a harsh light on a conflicted population

[TECH NEWS] In San Francisco, a fight over a homeless shelter shines a harsh light on a conflicted population

As of 2017, there were roughly 7,000 people living without homes in San Francisco, a number that comprises minors — a lot of them. The San Francisco Unified School District estimates that as of 2017, roughly 2,100 of the children in the school system were homeless —  a number that it said looked to be…
March 29, 2019
[TECH NEWS] 1stdibs, the high-end online marketplace, just nabbed $76 million Series D financing

[TECH NEWS] 1stdibs, the high-end online marketplace, just nabbed $76 million Series D financing

1stdibs began pushing the antiques business into the 21st century long ago. Apparently, investors think it can it can push further and faster with $76 million in new funding. That’s how much the now-18-year-old, New York-based company says it just closed on for its Series D round, led by T. Rowe Price Associates,  with participation…
March 29, 2019
[TECH NEWS] The Niantic EC-1

[TECH NEWS] The Niantic EC-1

Few software companies have transformed the way we think about moving through physical space like Niantic. The creators of Pokémon GO and soon Harry Potter: Wizards Unite, Niantic has become an incredible unicorn success story, with a reported valuation of nearly $4 billion. One part AR, one part gaming, one part location, and many parts…
March 29, 2019
[TECH NEWS] Daily Crunch: Lyft debuts on Nasdaq

[TECH NEWS] Daily Crunch: Lyft debuts on Nasdaq

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. Lyft prices IPO at top of range Lyft raised more than $2 billion Thursday afternoon after pricing its shares at $72…
March 29, 2019
[TECH NEWS] How a Google side project evolved into a $4B company

[TECH NEWS] How a Google side project evolved into a $4B company

How did Niantic happen? How did the company behind Pokémon GO and (soon) Harry Potter: Wizards Unite come to be? When anyone talks about Niantic, they generally mention that it’s “a Google spinout” and move on. As if that’s something that just happens every day. That dozens of people within a massive company come together,…
March 29, 2019
[TECH NEWS] Lyft pops 21%  on its first day of trading on Nasdaq, after raising $2.2B in its IPO at a $24B valuation

[TECH NEWS] Lyft pops 21% on its first day of trading on Nasdaq, after raising $2.2B in its IPO at a $24B valuation

Ride-hailing startup Lyft may bear the distinction of having highest net loss of any maiden public company ever going public, but despite that, it made its debut in a high gear this morning. Trading as LYFT on Nasdaq, the company’s shares opened at nearly noon today at $87.24, a pop of 21 percent on the $72/share…
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