Etsy will cut 15 percent of its workforce in a new round of layoffs

 Etsy has announced its second round of layoffs in as many months. In a statement today, it said it will cut 140 positions, or about 15 percent of its current workforce. When combined with an earlier downsizing announced in early May, this round brings total eliminated positions to about 230, or about 22 percent of what Etsy’s total workforce was at the end of 2016. Read More

Kalanick is out, but Uber’s VCs royally screwed up, too, say industry watchers

 Travis Kalanick, who last night resigned from his post as CEO of ride-share giant Uber, has taken the blame for the company’s very long list of problems, from allowing a culture of sexual harassment to thrive, to skirting the law with its Greyball program, to mishandling the medical files of a customer raped by one of the company’s drivers (for starters). But many view the VCs… Read More

Bill Gurley to leave Uber’s board of directors

 Benchmark’s Bill Gurley is set to leave Uber’s board of directors, one day after the company announced the resignation of CEO Travis Kalanick following months of controversy over its corporate culture. A Benchmark spokesman told Bloomberg, which first reported the news of Gurley’s departure, that his board seat will be filled by Matt Cohler, another Benchmark general partner. Read More

Crunch Report | Uber CEO Travis Kalanick Resigns

The CEO of Uber, Travis Kalanick, resigns from the company, Tesla gets a new lead, Andrej Karpathy, for their autopilot program, University of Michigan students get driverless shuttles and Snapchat introduces Snap Maps. All this on Crunch Report. Read More

Mercari hires John Lagerling from Facebook’s management team to guide its U.S. strategy

 When Mercari became Japan’s first startup unicorn with a $75 million round last year, the funding was earmarked to fuel its goal of becoming the top secondhand marketplace app in the U.S. Now Mercari is doubling down on its efforts to succeed where no other Asian e-commerce company has. Today it launched a refreshed version of its American app and announced the hiring of John Lagerling… Read More

Trump might kill next month’s new startup visa before it takes effect

 According to a report by the San Francisco Chronicle, the Trump administration may rescind or indefinitely delay the International Entrepreneur Rule, widely regarded as the U.S. version of a startup visa. Overseen by the Department of Homeland Security the rule is intended to “increase and enhance entrepreneurship, innovation, and job creation in the United States.” Anxiously… Read More

Russian freight service Deliver closes seed round of $8M, with European plans

 Russia-based online freight service Deliver (formerly iCanDeliver) has closed a seed round of $8 million. The startup automates the process of ordering freight transport and makes things more efficient by finding the closest sender. Read More

Google Glass is apparently still around — and just got its first update in nearly three years

 Dust off your Google Glasses, those who still have them — the $1,500 face computer is back in the spotlight today with a few updates. In its first update since September 2014, Google Glass got a “MyGlass” companion app update, some bug fixes and now supports Bluetooth. Read More