Welcome back! Welcome back to Week in Review, the newsletter where we quickly summarize the top stories that have crisscrossed londonbusinessblog.com dot-com over the past seven days. Want it in your inbox? Get it here.
The most read story this week has been quite a wild one: Bolt Mobility, an on-demand bike/scooter rental company co-founded by Usain Bolt, has kind of… gone. “The departure was abrupt,” Rebecca writes, “leaving towns with abandoned equipment, unanswered phone calls and emails, and lots of questions.”
Amazon buys iRobot: Bezos wants all things. Whole foods! A Medical! And now… Roomba? In the latest in a series of seemingly sudden and somewhat surprising acquisitions, Amazon drops $1.7 billion for the company best known for its robotic vacuum cleaners.
Facebook stops live shopping: If you’re using Facebook’s “live shopping” feature to sell things via stream, it might be time to look for a new platform. While live streaming isn’t going away, the special store-focused features will go dark in October.
Starbucks comes on the internet3: I’d roll my eyes, but given the amount of people I know, they insist on buying a Starbucks mug in every major city they visit…
More layoffs at Robinhood: Oof. Just a few months ago, Robinhood laid off 9% of its full-time staff; this week, the company confirmed it is releasing another 23%. Referring to over-hire over the past few wild years, CEO Vlad Tenev writes, “I approved and took responsibility for our ambitious workforce trajectory – this is up to me.”
YC is getting smaller: It had to happen eventually. Y Combinator got bigger and bigger with each acceleration class, peaking at an absurd 414 companies in the last batch. They’re scaling things back a bit with the next cohort – but at about 250 companies, it’s still relatively large.
Podcasts! Get your podcasts!
This week in the world of londonbusinessblog.com podcasts, the Equity crew talked about YC’s smaller (but still pretty big) cohort, Darrell and Becca talked about “Instagram is being MySpaced by TikTok” on The TC Podcastand Burnsy spoke to Convoy co-founder Dan Lewis about the freight company’s “secret growth hack” on londonbusinessblog.com Live.
Glambook’s $2.5 million seeddeck: Glambook recently raised millions to build what it calls “Uber for the beauty industry.” How could they convince investors to get involved? In this latest installment of his Pitch Deck Teardown series, Haje zooms through the deck and helps explain why certain things made the difference.
What really happens if your startup is taken over?: There’s more to it than just waiting for a bag of money to show up on your desk. Yair Snir, VP at Dell Technologies Capital, gives us a high-level overview of the entire process, “from NDA to LOI.”
Dear Sophie: “How long should I stay at my current job after getting my green card?” It’s a reasonable question! Immigration attorney Sophie Alcorn weighs in.