posted 6 days ago on techcrunch
 In the process of growth, startups change. They change from scrappy three-person operations to behemoths with new employees rolling in daily. They go on hiring sprees and the founders no longer know the people sitting at cubicles outside their offices. Bigger companies – Google and the like – start sniffing around. And those changes add up – going from 50 mph to lightspeed is… Read More

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posted 6 days ago on techcrunch
 Some downsizing underway for Ozon.ru, the e-commerce portal commonly referred to as the Amazon of Russia. The company has sold Sapato.ru — the “Zappos of Russia” that it acquired three years ago — to online fashion retailer KupiVIP. Terms of the deal have not been disclosed by the companies. According to reports, they don’t sound great. Russian finance… Read More

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posted 6 days ago on techcrunch
 As ZIRX looks to increase the number of services it offers and cities it serves, ZIRX has raised $30 million in Series B funding led by Bessemer Venture Partners. The round includes participation from existing investors Norwest Venture Partners and Trinity Ventures, and Bessemer partner Ethan Kurzweil will join the ZIRX board. Read More

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posted 6 days ago on techcrunch
 GetReal is an app that, paradoxically, wants users to spend more time in each others’ company, and less with messaging apps. Read More

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posted 6 days ago on techcrunch
 Just one week after Zomato raised a round valuing it at more than $1 billion and acquired a point-of-sale startup, the India-based restaurant services company has made another acquisition. Zomato has acquired NexTable, a U.S.-based restaurant reservations and table-management platform that competes against the likes of Priceline’s OpenTable and SeatMe from Yelp. The service will soon… Read More

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posted 6 days ago on techcrunch
 There are changes afoot at Gengo, the crowdsourced translation service based in Tokyo, Japan, which just announced its $5.4 million Series C round and a change of leadership. Matthew Romaine, previously CTO, is replacing fellow co-founder Robert Laing as CEO of the startup. Read More

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posted 6 days ago on techcrunch
 ClickMechanic, the U.K. startup aiming to be something like an ‘Uber for car mechanics’ by offering a marketplace that lets you easily and transparently book a mobile mechanic, has scored a modest seed round. The London-based company, founded by Andrew Jervis and Felix Kenton, has raised £320,000 from angel investors led by former Just Eat CEO Klaus Nyengaard. This adds to… Read More

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posted 6 days ago on techcrunch
 There’s positive news for customers of Mt. Gox, the once industry-leading bitcoin exchange that blew up in spectacular fashion last year, after its creditors began accepting bankruptcy claims. Read More

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posted 6 days ago on techcrunch
 CompareAsiaGroup, which runs websites that help users find financial services, has raised a $40 million series A led by the Goldman Sachs Investment Partners team. Read More

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posted 6 days ago on techcrunch
 Fast-moving HR and benefits startup Zenefits is looking to accelerate adoption even further. According to sources the company, which was founded just two years ago, is about to join the club of companies worth more than a billion dollars. Zenefits allows small- and medium-sized businesses to manage human resources services in a much simpler fashion. Like many other modern enterprise… Read More

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posted 6 days ago on techcrunch
 Marketing startup Gravity4 and its CEO Gurbaksh Chahal were sued today by Erika Alonso, formerly the company’s senior vice president of global marketing. Forbes broke the news of the lawsuit. Alonso accuses Chahal and his company of discriminating against her because of her gender, as well as illegally surveilling her during her job interview. Read More

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posted 6 days ago on techcrunch
 As the world moves from web to mobile, we’ve been thinking deeply about how people will discover mobile products and services and how we will find and access all the things we need in our digital lives. Search (largely Google) has long been the access and discovery point for web services. This model was pull-driven (i.e. we proactively find information on websites as we need), and… Read More

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posted 6 days ago on techcrunch
 In a speech at cybersecurity conference RSA, U.S. Secretary of Homeland Security Jeh Johnson outlined the government’s discomfort with increasing implementation of encryption by technology companies, and what impact the shift might have on national security. While tech firms like Apple are advancing encryption to an increasingly broad set of consumer activities, the government is… Read More

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posted 6 days ago on techcrunch
 House Republicans continued their push against the Federal Communications Commission in the wake of the net neutrality rulemaking with three proposals that would curb the agency’s authority. They would require the agency to share its rulemaking with the public more expediently and be more transparent about internal delegation. Read More

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posted 6 days ago on techcrunch
 As part of its first quarter earnings report, Yahoo detailed its reduction in headcount. The company cut 1,000 jobs since the first quarter of 2014, to 11,400. That figure does not include 830 contractors that work with the firm. The 11,400 figure was 11,800 at the end of the first quarter. That means Yahoo cut 400 jobs in the past 1.5 months. Presuming that that trend continues, the company… Read More

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posted 7 days ago on techcrunch
 During a video stream discussing Yahoo’s Q1 earnings today, CEO Marissa Mayer noted that Yahoo has closed down 17 offices since she joined the company as part of a wider efficiency strategy. And it looks like Yahoo is eyeing up one more big change in its international profile: the company has retained advisors to decide what to do with its 35.5% stake in Yahoo Japan, a longtime… Read More

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posted 7 days ago on techcrunch
 Nothing separates the “haves” and the 1% like a prohibitively expensive consumer product. Whether it’s a Hermes Birkin Bag or a McClaren PT1 GTR, there are some consumer goods that are almost impossible to purchase and almost impossible to knock off. It’s that exclusivity and false scarcity that you are paying for, in a sense. The newest addition to the Pantheon of… Read More

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posted 7 days ago on techcrunch
 If you are among the 19 million people Apple predicts will buy an Apple Watch, I have some bad news for you — I’m betting there is an important feature missing from the watch that’s going to drive you nuts. That doesn’t mean you shouldn’t buy one. In fact, I’m ordering one myself. However, this paradox illustrates an important lesson for the way companies… Read More

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posted 7 days ago on techcrunch
 If there’s any doubt that Netflix doesn’t want to just augment your cable TV subscription, but actually desires to replace it outright, then look no further than today’s news of the streaming service’s intention to reboot the classic 80’s-to-early 90’s comedy “Full House,” under the new, oh-so-creative title, “Fuller House.” The… Read More

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posted 7 days ago on techcrunch
 After the bell, Yahoo reported its first-quarter financial performance, including $1.04 billion in revenue after discounting for traffic costs (ex-TAC) and adjusted earnings per share of $0.15. The street had expected Yahoo to earn $0.18 per share on revenue of $1.06 billion. Yahoo’s ex-TAC revenue shrunk from the year-ago period by around 4 percent. The company’s adjusted profit… Read More

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posted 7 days ago on techcrunch
 This week, WhatsApp passed a milestone when CEO Jan Koum revealed that it had broken 800 million active users. That’s quite something in this age, when the leading global social networks and Internet services are well established. Breaking into that club isn’t easy, but WhatsApp has done it — nearly doubling its user base over the past year, since it was acquired by Facebook… Read More

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posted 7 days ago on techcrunch
 Remittances – sending cash overseas – has always been bitcoin‘s killer app. Now the guys at Robocoin have made it more killer. Their new product, called Romit, is basically a way to send cash through a Robocoin ATM to another ATM or merchant account at fees far lower than other remittance providers. Robocoin runs 20 ATMs around the world including systems in Hong Kong,… Read More

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posted 7 days ago on techcrunch
 Less than a month after WhatsApp introduced free voice calls to users of its Android app, so the Facebook-owned company has begun rolling the feature out to its iOS customers. Read More

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posted 7 days ago on techcrunch
 Twitter has today announced some product and policy changes aimed at better tackling violent threats and abuse on its platform. The problem of the mainstream social network being misappropriated as an amplification medium for minority hate groups to — for instance — spread jihadist terrorist sentiments and propaganda, or harass and threaten women with messages of violent misogyny,… Read More

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posted 7 days ago on techcrunch
 No one likes brands more than their friends, and there are plenty of ways to get their marketing updates. Facebook’s unique value is keeping you up to date on your real-life friends. So to “get this balance right” Facebook today announced it’s reconfiguring News Feed to show content from close friends higher up, which may push posts from business Pages further down. A… Read More

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