World Of News

Adam Neumann’s fall from grace was astonishingly swift once his company, WeWork, filed to go public in August. Even while his spending was fairly well-documented across time (as were his apparent conflicts of interest ), he was humiliated for enriching himself, then ultimately kicked out of the corner office before the company, in the least surprising turn of events in recent weeks, today yanked its S-1 registration. Neumann never exactly hid who he is or how he operates, so what suddenly sparked the ire of reporters — and investors — around the world? What, exactly, in an ultimately unsurprising IPO filing had people coughing up their morning coffee? Boiled down to the worst offense (including selling his own company the trademark “We” for $5.9 million in stock ) was very likely the lock on control that Neumann had set up through a multi-class voting structure that aimed to cement his control. And by ‘cement,’ we mean he would enjoy overwhelming control for not just for 5 or 10 year...

Even as tens of millions of Indians have come online for the first time in recent years, most businesses in the nation remain offline. They continue to rely on long notebooks to keep a log of their financial transactions. A nine-month old startup that is helping them digitize their bookkeeping and accept online payments just raised a significant amount of capital to expand its operations. Khatabook , a Bangalore-based startup, said on Tuesday it has raised $25 million in a new financing round. The Series A round for the startup was funded by GGV Capital, Partners of DST Global, RTP Ventures, Sequoia India (Khatabook was part of its Surge accelerator program ), Tencent, and Y Combinator. A clutch of high-profile angel investors including Gokul Rajaram, James Viraldi, Aditya Agarwal, Sriram Krishnan, Amrish Rau, Anand Chandrasekharan, Deep Nishar, Gokul Rajaram, Jitendra Gupta, Kunal Bahl, and Kunal Shah also participated in the round. The startup has raised $29 million to date. Khata...

You may know Max Deutsch from Month to Master , his yearlong self-improvement program where he tried to master one “expert-level” skill each month — such as solving a Rubik’s Cube in 20 seconds, holding a 30-minute conversation in a foreign language and even  challenging world champion Magnus Carlsen to a game of chess (Deustch lost). Now, Deustch and his co-founder Valentin Perez are launching Monthly , which Deustch told me is designed to “leverage technology to help scale this kind of learning to many more people.” Specifically, Monthly offers 30-day classes taught by experts and celebrities — the instructors often have hundreds of thousands or millions of YouTube subscribers. For example, Andrew Huang is teaching a class on music production, Daria Callie is teaching a class on realistic portrait painting and  Stevie Mackey is teaching a class on singing. When you enroll in a class, you’ll be assigned a different task every day; you might watch an instructional video...

New Zealand-based launch provider Rocket Lab has announced its next commercial mission, “As The Crow Flies,” taking an Astro Digital satellite to orbit in October. Interestingly, this launch originally had a different payload, but was switched out on fairly short notice — not exactly a common practice in this business. The launch, scheduled for a two-week window starting October 15, will take a single spacecraft created by Astro to low Earth orbit. Corvus — the genus to which crows and ravens belong — is the name of the series of imaging satellites the company has already put up there; hence the name of the mission. But this mission wasn’t scheduled to launch for some time yet. October’s launch, the fifth this year from Rocket Lab, was set to be another customer’s, but that customer seems to have needed a bit of extra time to prepare — and simply requested a later launch date. And because the weather is fine, and one Electron rocket is much like another, Rocket Lab and Astro Digi...

AWS has a lot going on, and it’s not always easy for customers to deal with the breadth of its service offerings on its own. Today, the company announced a new service called AWS IQ that is designed to connect customers with certified service providers. “Today I would like to tell you about AWS IQ, a new service that will help you to engage with AWS Certified third party experts for project work,” AWS’s Jeff Barr wrote in a blog post introducing the new feature . This could involve training, support, managed services, professional services or consulting. All of the companies available to help have received associate, specialty or professional certification from AWS, according to the post. You start by selecting the type of service you are looking for, such as training or professional services, then the tool walks you through the process of defining your needs, including providing a title, description and what you are willing to pay for these services. The service then connects the...

After CEO Elon Musk shared new details about its in-development Starship spacecraft on Saturday, SpaceX has updated its website with a new section dedicated to the fully reusable cargo and passenger vehicle . The new Starship website also provides a bunch of info about Super Heavy, the first-stage booster that will propel Starship to orbital altitudes and beyond. Starship, once complete, will be “world’s most powerful launch vehicle,” according to SpaceX, with a cargo capacity of 100 metric tons (that’s over 220,000 lbs) to Earth orbit. With orbital refueling, it’ll also be able to take its freight — and passengers — to the Moon, Mars and beyond. Per the new Starship site, the final vehicle will be 160 feet tall (without the booster) and 30 feet in diameter, with a propellant capacity of 1,200 metric tons of liquid methane and liquid oxygen. Payload, and crew depending on configuration, will occupy the top third of the rocket, while the bottom two-thirds will house the propellant a...

Project A , the Berlin-based VC, just raised a new $200 million fund (€180 million) to continue backing European startups at Seed and Series A stage. In addition, the firm — whose investments include WorldRemit, Catawiki, Voi and Uberall — announced it will now have a presence in London and Stockholm in order to put people on the ground in what it says are “two of its favorite ecosystems.” What better time, therefore, to catch up with the team at Project A, where we talked investment thesis, why Stockholm and London, and the increasing interest in Europe from U.S. LPs and VCs. Other subjects we touched on include diversity in venture, and, of course, Brexit! TechCrunch: You last raised a fund in 2016, totaling €140 million, what changes have you noticed since then with regards to the types of companies you are seeing and the European ecosystem as a whole? Uwe Horstmann: Entrepreneurs definitely matured a lot over the last few years. We see more and more of serial founders who ...