TechCrunch+ roundup: Due diligence roadmap, employment law basics, YC’s Michael Seibel

Last week, we ran an article by Gaetano Crupi, a partner at VC firm Prime Movers Lab, identifying three pillars required to support a Series B data room: a strategy memo, a pitch deck and a forecast model. In a follow-up, he explains the next step: packaging this...

Planning to use your startup equity as collateral? Good luck

Max Brenner Contributor Share on Twitter Max Brenner is part of the founding team at Compound, which specializes in helping tech founders and employees manage their financial lives. It’s the classic startup employee dream. You’ve worked hard for years, finally...

Digital health unicorn Truepill conducts third round of layoffs in 2022

Truepill, a platform that helps other companies offer diagnostics, telehealth services and prescriptions, has conducted its third mass layoff in a string of workforce reductions, sources tell TechCrunch. The layoff impacted about third of the company, or 175 people....

7 investors discuss why edtech startups must go back to basics to survive

In retrospect, edtech’s spotlight feels like a fever dream. In the early innings of the pandemic, top companies turned into unicorns seemingly overnight as Zoom school became an actual reality for millions across the world, and a frenzy of check-writing seized...

Microsoft makes further cuts focused on consumer R&D group

After pulling open roles across its Office and Windows divisions and letting go a portion of its 180,000-person workforce in July, Microsoft made additional cuts this week concentrated in its Modern Life Experiences (MLX) group, one of the groups responsible for...

Groupon cuts over 500 staff, plans to focus ‘only on mission-critical activities’ from now on

Chicago-based Groupon today laid off more than 500 of its employees — 15% of its 3,416-person headcount — according to posts from former employees on social media. The reduction impacted workers in teams including merchant development, sales, recruiting,...