TechCrunch+ roundup: Allocating equity, unicorn traffic jam, blockchain gaming survey

Early-stage startup founders have just a few ways to recruit and retain employees: Offer a competitive salary Create a role that harnesses their interests/talent Give them a stake in the company. In most cases, equity will not leave employees with substantial wealth. But even the most embittered worker will think twice about walking away from […]

TechCrunch+ roundup: VC advice for CEOs, 2022 e-commerce trends, OpenSea’s valuation

Data privacy is top of mind for online sellers, and for good reason: Regulators in China, Europe and North America are taking an interest, and iOS 14.5 allowed many consumers to disable data tracking, with negative consequences for companies that relied on Facebook’s granular ad targeting. Bearing those factors and others in mind, Ben Parr, […]

Mark Cuban-backed fintech Dave’s public offering puts SPACs to the test

The special purpose acquisition company (SPAC) boom did not play out as some folks in the technology and business worlds hoped. Despite a wave of optimism through early 2021, private companies that pursued public debuts with the help of blank-check companies have frequently failed to cover themselves in glory in the intervening quarters.  Even more, […]

How does former CEO Vishal Garg still have a job?

With everything that has gone down at over the past 18 months, many of us are scratching our heads in wonder that CEO Vishal Garg remains employed. On December 10, employees of the digital mortgage lender were notified via email by the Better board of directors that Garg would be taking time off, effective […]

What 2021’s IPO pops tell us about future flotations and SPACs

News that the SenseTime IPO is on hold leaves the stock market with just one major tech listing on the horizon: Samsara’s public debut, which is currently anticipated to price Tuesday and trade Wednesday. That makes it the perfect moment to sit back and chat through a few of the year’s biggest offerings and how […]

Super app Grab starts trading on supersized SPAC combination

Grab, the Southeast Asian super app, announced last night that it completed its business combination with special purpose acquisition company (SPAC) Altimeter Growth. The result? Grab will begin trading today on the Nasdaq under the ticker symbol “GRAB.” And it raised a pile of money in the process. Billions, in fact. The Exchange explores startups, […]

Brivo to go public via SPAC at $808M valuation

Smart building technology company Brivo reached an agreement to go public via special purpose acquisition with Crown PropTech Acquisitions. The SPAC deal values Brivo at $808 million. Once the merger closes in early 2022, the combined company will operate as Brivo and is expected to be listed on the New York Stock Exchange under the […]

Shareholders approve Bird-SPAC merger, stock promptly falls

Shares of Switchback II Corporation are off more than 14% in morning trading today, appearing to sell off sharply in the wake of news that the blank-check company’s merger with scooter company Bird has been approved by shareholders. Shares of the SPAC were off as far as 20% before recovering. dot.LA first spotted the vote […]