Drama
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Co-founder conflict
Here’s how it felt in the weeks before I resigned from my last startup: I couldn’t sleep. I couldn’t eat. Resting pulse at 120. I had reached a point where I couldn’t agree with my co-founder over the future of the company. I had to step away. Every co-founder situation is different, but one common problem revolves around how founders engage in conflict: either not… Read More
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Samsung reportedly concludes ‘irregularly sized’ batteries caused Galaxy Note 7 explosions
Samsung is holding a press conference in three days to explain the defect in the Galaxy Note 7 that forced the product’s recall, but already it is being reported that wrongly-sized batteries were the primary cause of some units combusting. A new lawsuit alleges anti-aging startup Elysium Health hasn’t paid its sole supplier
Chromadex, the sole supplier of anti-aging startup Elysium Health‘s two main product ingredients pterostilbene and Nicotinamide Riboside (NR), is suing the startup for failure to make payments on those ingredients and for breach of a trademark and royalties agreement. According to a document on Chromadex’s website, dated December 29, 2016, Elysium “made… Read More
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Lawsuit claims Snap Inc. hasn’t been honest about its pre-IPO performance metrics
Against the backdrop of an imminent public offering, one former Snap Inc. employee is claiming in a lawsuit that the company inflated its performance metrics to lure investors.
Anthony Pompliano, the one-time head of Snap’s growth and user engagement team, is seeking an injunction and monetary relief after being fired just three weeks into his tenure. Mr. Pompliano, now a venture… Read More
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Fading anonymous social network Yik Yak is reportedly laying off most of its employees
Yik Yak, the once universally recognized anonymous social network that virally took over college campuses back in 2014, is planning to lay off a “significant” number of employees, according to The Verge. The company is said to be retaining mostly engineers as it notified its team of about 50 employees earlier this morning.
Yik Yak was founded as I started college in 2013. I… Read More
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Contrary to reports, Grubhub CEO never called for Trump voters to resign
Emotions remain high as the country closes out its second day with a President-elect Donald Trump. Startup founders are struggling to instill confidence among employees that the culture of openness at their companies will not be affected by a President Trump. Unfortunately, some media outlets aren’t helping. Earlier this evening, Fox news published that Grubhub CEO Matt Maloney had… Read More
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Former Rothenberg employees allege mistreatment and cash management problems
As TechCrunch has previously reported, there’s been an exodus of talent from the Rothenberg “ecosystem,” amid claims of a significant breach of fiduciary responsibilities and other unconventional behavior by the venture firm’s founder, Mike Rothenberg. This week, we have learned more details about alleged employee abuses within Rothenberg Ventures, recently re-branded… Read More
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Startup accused of scamming employees scrubs its online presence
A little-known startup is in meltdown mode after a former employee took to Medium to accuse the company of scamming her out of her wages and firing her in retaliation after she filed a wage claim to recoup the unpaid cash. The Medium post was widely shared online; in response, the company shuttered its website and threatened legal action against the writer, calling her “a disgruntled… Read More
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Skully officially admits it’s over
It took more than a week for remaining Skully execs to admit to themselves it was time to shut down. But late last night the company finally sent customers an email, which was obtained by TechCrunch, telling them it has officially closed its doors. The startup’s troubles have been brewing for several months but came to a head two weeks ago when Skully’s board forced founders… Read More
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After 3 weeks, Worldpay still fumbling millions of Etsy transactions
Etsy users had another bad week as payment processor Worldpay continues to cause problems. Late last week, some Etsy users began reporting that they had experienced duplicate charges. The forum on Etsy for duplicate charges is approaching one thousand posts. In a statement, Worldpay admitted to causing the duplicate charges for Etsy users in its attempts to rectify the problem.… Read More
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