Saturday, December 16, 2023

Opendoor co-founder makes his exit

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By Christine Hall

Friday, December 15, 2023

Sometimes you know when it's time to go. In today's top story, Mary Ann writes that this time it's Opendoor co-founder Eric Wu, who is stepping away from the real estate tech company. In a statement, Wu said he wants to "get back to my startup roots and create and build again." The move isn't too much of a shock — Wu had been gradually decreasing his role in the company for the past year, Mary Ann reports. Get the scoop.

Meanwhile, in the pursuit of grabbing market share from the likes of Facebook and basically any other social network, Jagat, a location-based social platform, surpasses 10 million users, Aisha reports. Learn what makes it so popular.

And over on TechCrunch+, Jacquelyn covers the CoinFund Founder Forecast survey and why 30 web3 founders are optimistic about 2024. Read more.

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Image Credits: David Paul Morris/Bloomberg / Getty Images

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Image Credits: Getty Images under a license.

On the pods

Today on Equity, we kicked off our episode with a breaking story from Cruise, which announced it will be cutting 24% of its staff. And steering away from layoffs, we turned to Prevu’s $6 million Series A and we look at why Verve Motion just raised $20 million for supportive lifting suits, what’s bubbling up in the French venture ecosystem, and how a few mega-deals are changing the numbers for AI. Listen here.

Read More

On the pods image

Image Credits: Bryce Durbin

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