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Amazon buys Roomba’s maker, Bolt vanishes, and YC slims down – TechCrunch

Howdy once more! Welcome again to Week in Assessment, the publication the place we rapidly recap the highest tales to cross TechCrunch dot-com over the previous seven days. Need it in your inbox? Get it right here.

The most learn story this week is sort of a wild one: Bolt Mobility, an on-demand bike/scooter rental firm co-founded by Usain Bolt, kinda simply…vanished. “The departure has been abrupt,” writes Rebecca, “leaving cities with deserted tools, unanswered calls and emails, and many questions.”

different stuff

Amazon buys iRobot: Bezos desires all of the issues. Complete Meals! One Medical! And now…Roomba? On this newest in a collection of seemingly sudden and considerably stunning acquisitions, Amazon is dropping $1.7 billion for the corporate greatest identified for its robo vacuums.

Fb shuts down stay buying: When you use Fb’s “stay buying” characteristic to promote issues through stream, it is likely to be time to discover a new platform. Whereas stay streaming isn’t going away, the devoted shopping-focused options will go darkish come October.

Starbucks is entering into web3: I’d roll my eyes, however given how many individuals I do know insist on shopping for a Starbucks mug from each main metropolis they go to…

Extra Robinhood layoffs: Oof. Just some months again, Robinhood lower 9% of its full-time employees; this week, the corporate confirmed it’s letting go of one other 23%. Citing overhiring over the previous few wild years, CEO Vlad Tenev writes “I accepted and took accountability for our bold staffing trajectory — that is on me.”

YC will get smaller: It needed to occur ultimately. Y Combinator had been getting larger and greater with every accelerator class, peaking at an absurd 414 firms within the final batch. They’re scaling issues again a bit with the following cohort — however at roughly 250 firms, it’s nonetheless comparatively big.

audio stuff

Podcasts! Get your podcasts!

This week on the planet of TechCrunch podcasts, the Fairness crew talked about YC’s smaller (however nonetheless fairly big) cohort, Darrell and Becca talked about “Instagram being MySpaced by TikTok” on The TC Podcast, and Burnsy talked with Convoy co-founder Dan Lewis in regards to the freight firm’s “secret progress hack” on TechCrunch Dwell.

further stuff

Glambook’s $2.5 million seed deck: Glambook lately raised tens of millions to construct what it calls “Uber for the wonder trade.” How’d they persuade traders to get on board? On this newest version of his Pitch Deck Teardown collection, Haje buzzes by the deck and helps clarify why sure issues made the lower.

What actually occurs when your startup will get acquired?: There’s extra to getting acquired than ready for a bag of money to look in your desk. Yair Snir, VP at Dell Applied sciences Capital, provides us the high-level overview of the entire course of, “from NDA to LOI.”

Expensive Sophie: “How lengthy am I required to remain at my present job after I get my inexperienced card?” It’s an inexpensive query! Immigration lawyer Sophie Alcorn weighs in.

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