For early-stage startups looking to hire new talent, it’s not enough to make one-off decisions about pay as each new employee comes on board. Constructing a coherent philosophy around compensation is crucial for a company to stay consistent in the long term and provide transparency to employees — essentially, coming up with the “why” and… Continue reading Complete helps startups think through the ‘why’ and ‘how’ of employee pay
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After iPhone 14 launch, new M2 Macs and iPad could land in October
Amazon Apple could launch a new M2-based iPad Pro as well as M2 takes on the Mac mini, Mac Pro and MacBook Pro at an event in October, according to Bloomberg Apple-watcher Mark Gurman, Gurman reckons Apple will release at least two new machines in October, which could include a revamped iPad Pro with an… Continue reading After iPhone 14 launch, new M2 Macs and iPad could land in October
Ford is laying off 3,000 employees
Ford is laying off about 3,000 employees and contract workers, with the cuts primarily affecting staff in the US, Canada, and India, The Wall Street Journal reports. Chairman Bill Ford and CEO Jim Farley sent a memo on Monday informing staff of the layoffs, with affected workers being told later this week. “Building this future… Continue reading Ford is laying off 3,000 employees
S Korean online grocery startup Kurly gets IPO preliminary approvalKurly received pre-IPO funding from PE firm Anchor Equity in December 2021
South Korea’s Kurly Inc, which operates the online grocery service Market Kurly, has received preliminary approval for an initial public offering (IPO), the Korea Exchange said on Monday. Kurly has seen annual revenue grow threefold to 1.6 trillion won ($1.19 billion) in 2021 from 426 billion in 2019 as demand for online grocery shopping jumped during the COVID-19 pandemic,… Continue reading S Korean online grocery startup Kurly gets IPO preliminary approvalKurly received pre-IPO funding from PE firm Anchor Equity in December 2021
Nandan Nilekani-backed ShopX shuts shop, files for bankruptcy
Infosys co-founder Nandan Nilekani-backed e-commerce startup ShopX has shut down operations and filed for bankruptcy, according to the company’s regulatory filing. This comes over a year after the company reportedly laid off nearly half its workforce while moving towards a digital model rather than a supply chain-led model. Founded in 2015 by Amit Sharma and… Continue reading Nandan Nilekani-backed ShopX shuts shop, files for bankruptcy
Vodafone to sell Hungarian business to state-owned Corvinus for $1.8b
Britain’s Vodafone will sell its Hungarian business for 715 billion forints ($1.8 billion) in cash, it said on Monday, in a deal that will create a locally-owned telecom leader in the central European country. The British mobile phone and broadband group said it had agreed non-binding terms with the buyers, Hungarian and state-run Corvinus Zrt. The deal — which does not include Vodafone‘s shared… Continue reading Vodafone to sell Hungarian business to state-owned Corvinus for $1.8b
Frasers Property sets up new platform to work with capital partners
Singapore’s Frasers Property has set up a new group corporate function, Frasers Property Capital, that will team up with capital partners on new projects. The new unit will see the company pursuing investment opportunities while sharing risks with like-minded joint venture partners, Frasers Property detailed in a regulatory filing on Monday. Wong Ping, a veteran… Continue reading Frasers Property sets up new platform to work with capital partners
Super73-ZX e-bike review: love and hate can be so much fun
One major draw of #vanlife is the pursuit of unbridled exploration. But custom vans and RVs suitable for extended off-grid living tend to be hulking monstrosities that can be difficult to maneuver in tight spaces. That means bringing along an alternative mode of transportation like an e-bike to scout the viability of unpaved roads and… Continue reading Super73-ZX e-bike review: love and hate can be so much fun
The Ups and Downs of Funding: Why You Should be Willing to Change Your Mind
Private equity deals, funding rounds and, eventually, the move to becoming a publicly listed company can be a rollercoaster. There can be highs, lows, and plateaus, but the ultimate goal for all concerned is to take investments and use them to create a thriving business. Sometimes that happens, sometimes it doesn’t. That’s the nature of… Continue reading The Ups and Downs of Funding: Why You Should be Willing to Change Your Mind
Perform Raises $1.2M in Funding
Perform Founding Advisor Meb Keflezighi Perform, a San Francisco, CA-based startup that helps runners reach their goals with a personal running coach and smart training app, raised $1.2M in funding. The round was led by defy.vc, with participation from Techstars, the Chief Product Officer of Calm, the former Chief Product Officer of Uber, the co-founder… Continue reading Perform Raises $1.2M in Funding