Author: Megan Rose Dickey

Airbnb made more than $1 billion in revenue last quarter

TECHCRUNCH Ahead of Airbnb’s expected initial public offering next year, the home-sharing startup announced more than $1 billion in revenue during Q3 2018. Airbnb says this was its strongest quarter to date, where it saw “substantially more” than $1 billion in revenue. Airbnb, however, has been without a permanent chief financial officer since February, when Laurence Tosi left the company amid tension between him and Airbnb CEO Brian Chesky. Since then, Airbnb Head of Financial Planning and Analysis Ellie Mertz has been serving as the interim CFO. According to CNBC, Airbnb is on track to be profitable for the second...

Read More

Google partners with MotherCoders to bring tech training to moms in New York City

TECHCRUNCH Diversity and inclusion is a topic that all too often starts and ends with white women. MotherCoders, while targeting women, aims to support moms of all backgrounds — whether they be LGBTQ, single and/or people of color. “If you look at our cohorts, they tend to be really represented,” MotherCoders founder Tina Lee told TechCrunch. “I want to make a cohort that’s truly diverse and inclusive.” Google, an imperfect company in the realm of diversity and inclusion, has teamed up with non-profit organization MotherCoders and New York City’s Women.NYC initiative to offer a free, nine-week tech training program...

Read More

Apex.ai raises $15.5 million for autonomous vehicle software

TECHCRUNCH Apex.ai is emerging out of stealth today with quite the claim — an operating system for autonomous vehicles that will never fail Founded by long-time automated systems engineers Jan Becker and Dejan Pangercic, Apex.ai develops operating systems for various types of autonomous mobility platforms. Today, Apex.ai is also announcing a $15.5 million Series A round led by Canaan with participation from Lightspeed Venture Partners, which invested in Apex.ai’s seed round. Apex’s software stack is designed to easily integrate into existing systems and serve as the enterprise version of the Robot Operating System, an open-source software middleware for robotics. “Most...

Read More

Sweetgreen is officially a unicorn

TECHCRUNCH Salad startup and retailer Sweetgreen recently raised a $200 million Series H round led by Fidelity that valued the company at more than $1 billion. This round brings Sweetgreen’s total amount of funding to $365 million. With this additional $200 million in funding, Sweetgreen is setting its eyes on other food categories and looking to expand its delivery offerings. Sweetgreen is also looking at using blockchain technology to create more transparency in the supply chain. “As a company we are focused on democratizing real food,” Sweetgreen co-founder and CEO Jonathan Neman said in a statement. “Our vision is...

Read More

Uber continues to lose money as it scales scooters, bikes and other newer businesses

TECHCRUNCH Uber, which is expected to go public sometime next year, just released its Q3 2018 financial results. Uber’s net losses increased 32 percent quarter over quarter to $939 million on a pro forma basis, though Uber expected these losses as it continues to invest in future growth areas. On an earnings before interest, taxes, depreciation and amortization basis (EBIDTA), Uber’s losses were $527 million, up about 21 percent quarter over quarter. And as Uber prepares to go public, the company has started presenting the income statements with stock-based compensation. Ten years from now, Uber CEO Dara Khosrowshahi envisions...

Read More

Unicorn shoe startup Allbirds debuts a high-top sneaker

TECHCRUNCH Allbirds, the shoe startup that entered the unicorn club last month following a $50 million funding round, has unveiled its latest feet holders. Dubbed the Tree Topper, the high-top sneaker marks Allbirds’ fifth shoe style. The Tree Topper, which retails for $115, features merino wool knit, eucalyptus tree fiber fabric and sugarcane-based foam. “The Tree Topper is a true representation of our approach to design and sustainability,” Allbirds Head of Design Jamie McLellan said in a press release. “With just the right amount of nothing and comfort as a non-negotiable, the Tree Topper is a playful canvas for showcasing our...

Read More

Blue Apron lays off 4 percent of employees as it seeks profitability next year

TECHCRUNCH Meal kit company Blue Apron announced small layoffs today as part of its Q3 2018 financial results. The layoffs, which affected four percent of Blue Apron’s workforce, are part of Blue Apron’s path to profitability. “We are taking decisive actions to prioritize our highest-impact opportunities and build a stronger, sustainable business,” Blue Apron CEO Brad Dickerson said in a press release. “As a result of these actions now underway, we expect to be profitable on an adjusted EBITDA basis in 2019. This included the difficult decision to part ways with valued employees. On behalf of the entire company, I...

Read More

Former Beats Music CEO is back with an electric scooter startup

TECHCRUNCH About a year ago, David Hyman, former Beats Music CEO and co-founder of music startup Mog that eventually sold to Beats Music, did something that was “very abnormal for me — career-wise,” he told TechCrunch. Hyman was an entrepreneur in residence at a giant real estate company. Because the music industry has changed so much, he said he didn’t want to do another music company. While at this real estate company, Hyman said he started riding electric scooters everywhere, realizing that “it was so much better to get on a rideshare scooter then to drive my car or...

Read More

Right Now in Politics and Business