Author: TechCrunch News

Paddy Cosgrave has stepped down as CEO of Web Summit, the 14-year-old conference business that he cofounded and which has gone on to host one of Europe’s biggest annual tech events, along with four other events around the globe. Following a week of controversy surrounding comments Cosgrave made about Israel and Palestine, he wrote in…

Announced amid a deluge of news at this week’s Delivering the Future event in Seattle was word that Amazon will begin testing Agility’s Digit in a move that could bring the bipedal robot to its nationwide fulfillment centers. It’s baby steps as these things go, and such early-stage deals don’t necessary mean something bigger down…

W elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. As a founder, it takes conviction not to pivot when it seems that everyone else is. But what if everyone was right? Also…

In case you weren’t sure how Microsoft felt about AI, CEO Satya Nadella is here to tell you: they like it. They like it a lot. In the company’s annual report, he pens a letter to shareholders bigging up AI in every way. And it’s not hard to see why: He clearly believes this is…

Good morning, and welcome to Friday! Atlassian’s purchase of Loom last week raised eyebrows, and not just because it missed unicorn status by a hair. But overall, it makes sense that Atlassian bought it. “Teaming and collaboration is moving to async video, and that was the one big piece missing for Atlassian,” Constellation Research’s Ray…

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Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. For VCs, market size is crucial, because it becomes a proxy for how big a company could possibly get, which in turn is a measure of how big the return on investment could be. That only works in well-defined industries:…

Sidebar, a company developing a group coaching program focused on driving individual career growth, today announced that it raised $13.55 million in a seed round from investors including Foundation Capital, Scribble Ventures and Pinterest co-founder Evan Sharp. Former Facebook product manager Lexy Franklin founded Sidebar after running into challenges finding supportive peer groups while at…

New York Attorney General Letitia James filed a lawsuit against three crypto companies: Gemini Trust Company, Genesis Global Capital and its affiliates and Digital Currency Group (DCG) for allegedly defrauding investors of over $1 billion, according to a statement on Thursday. The lawsuit also brought charges against Genesis former CEO Soichiro “Michael” Moro and DCG’s…

Raising capital is never easy, and the past few years have been particularly tough for startups. But there are signs that the tide may be starting to turn, as some founders are starting to get optimistic about their fundraising chances again. But not everyone. A new January Ventures survey of 437 pre-seed and seed-stage founders…