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With $50M in fresh funding, Allbirds will open new stores in the US, UK and Asia

The quintessential venture capitalist’s uniform consists of a pair of designer jeans, a Patagonia fleece vest and $95 wool sneakers. The company behind the shoes, Allbirds, entered the unicorn club this morning with the announcement of a $50 million Series C from late-stage players T. Rowe Price, which led the round, Tiger Global and Fidelity Investments. The 3-year-old startup founded by Joey Zwillinger and Tim Brown has raised $75 million to date, including a $17.5 million Series B last year. Its backed by Leonardo DiCaprio, Scooter Braun, Maveron, Lerer Hippeau and Elephant, the venture capital firm led by Warby Parker founder Andrew Hunt. The Wall Street Journal is reporting the round values Allbirds at $1.4 billion. The company would not confirm that figure to TechCrunch. Like Warby P...

Facebook poaches leaders of Refdash interview prep to work on Jobs

Facebook just snatched some talent to fuel its invasion of LinkedIn’s turf. A source tells TechCrunch that members of coding interview practice startup Refdash including at least some of its executives have been hired by Facebook. The social network confirmed to TechCrunch that members of Refdash’s leadership team are joining to work on Facebook’s Jobs feature that lets business promote employment openings that users can instantly apply for. Facebook’s big opportunity here is that it’s a place people already browse naturally, so they can be exposed to Job listings even when they’re not actively looking for a company or career change. Since launching the feature in early 2017, Facebook has focused on blue-collar jobs like service and retail industry jobs that constantly need filling. But th...

Recent departures hint at turmoil at Quartet Health, a mental health startup backed by GV

Backed with nearly $87 million in venture capital funding from GV, Oak HC/FT and F-Prime Capital, Quartet Health was founded in 2014 by Arun Gupta, Steve Shulman and David Wennberg to improve access to behavioral healthcare. Its mission: “enable every person in our society to thrive by building a collaborative behavioral and physical health ecosystem.” Recent shakeups within the New York-based company’s c-suite and a perusal of its Glassdoor profile suggest Quartet’s culture is not fully in line with its own philosophy.   In the last few weeks, chief product officer Rajesh Midha has left the company and president and chief operating officer David Liu is on his way out, TechCrunch has learned and confirmed with Quartet. Founding chief executive officer Arun Gupta, meanwhile, has stepped int...

LinkedIn steps into business intelligence with the launch of Talent Insights

LinkedIn may be best known as a place where people and organizations keep public pages of their professional profiles, using that as a starting point for networking, recruitment and more — a service that today that has racked up more than 575 million users, 20 million companies and 15 million active job listings. But now under the ownership of Microsoft, the company has increasingly started to build a number of other services; today sees the latest of these, the launch of a new feature called Talent Insights. Talent Insights is significant in part because it is LinkedIn’s first foray into business intelligence, that branch of enterprise analytics aimed at helping execs and other corporate end users make more informed business decisions. Talent Insights is also notable because it’s part of ...

SparkLabs is launching a cybersecurity and blockchain accelerator program in the US

Investment firm SparkLabs has run accelerator programs across APAC, now it has announced its first that’ll be based on U.S. soil and it’s a cybersecurity and blockchain program that’ll be located in Washington, D.C. from next year. The program will be led by former Startup Grind COO Brian Park and Mike Bott, who is ex-managing director of The Brandery accelerator. Advisors signed on to work with the batch of companies includes top names like Microsoft’s former chief software architect Ray Ozzie, Litecoin creator Charlie Lee, LinkedIn co-founder Eric Ly and Rich DeMillo, who was the first CTO of HP. Named “SparkLabs Cybersecurity + Blockchain,” the program will kick off with an inaugural batch of companies in March next year, with applications opening accepted from January. SparkLabs co-fou...

Google will struggle if it re-enters China, says its former country head

The odds are stacked against Google if the reports are true and the company is trying to bring its services back to China, according to the former head of Google China. News reports last month uncovered details of internal plans to introduce a search product and a news app in China, moves that would mark a re-entry to the consumer market which Google left in 2010. The plans, which follow a noticeable increase in activity in China from Google, were widely criticized by activists and also raised concern internally from Google employees. Kaifu Lee left the search giant nine years following a four-year stint, and today he’s best-known as one of the world’s leading thinkers on AI and the founding partner of Chinese VC Sinovation Ventures. Speaking at TechCrunch Disrupt San Francisco this week, ...

Women-only co-working space The Wing is launching an app to help its members stay connected

The Wing is bringing the physical world it’s created for professional women to the digital world with the launch of a social networking app, slated to become available later this month. The co-working company created the app to connect its members and keep them up to date on The Wing’s programming. For now, the app will only be available to paying Wing members. “Our team has been hard at work on ways for members to carry the connections they make with them wherever they go,” The Wing co-founder and CEO Audrey Gelman told TechCrunch. “Through the app, members will have access to features that make The Wing experience even more valuable and efficient and will have access to thousands of incredible women at their fingertips.” Founded in 2016, The Wing provides co-working and community space t...

LinkedIn’s China rival Maimai raises $200M ahead of planned US IPO

Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. Maimai, China’s biggest rival to LinkedIn, has revealed today that it received a $200 million D Series investment back in April in what the company claims to be the largest investment in the professional networking market. That’s surprising but correct: LinkedIn went public in 2011 and was bought by Microsoft for $26 million in 2016, but it raised just over $150 million from investors as a private company. Global venture capital DST led the round for Maimai which include participation from existing investors of IDG, Morningside Venture Capital, and DCM. The new capital takes Maimai to $300 million raised from investors, according to Crunchbase. Caixin reports that the valuation of t...

The largest buys of tech’s Big Five: a look at M&A deals

In startup land, the mandate is to get bought, go public or die trying. And, as far as getting bought goes, one of tech’s Big Five could be a desirable acquirer. They have a lot of weight to throw around. Alphabet (the parent company of Google), Amazon, Apple, Facebook and Microsoft account for a titanic amount of market value — close to $3.9 trillion at time of writing. At least, that’s according to Crunchbase News’s dashboard of notable tech stocks. When challenged by one another, these hulking behemoths of the tech sector more often fight than flee. And when challenged by a scrappy upstart, it is likely that they will gobble up the talent, technology and business of any aspiring competitor. It’s the circle of life. And it’s those acquisitions we’re going to look at here. Taken together,...

LinkedIn’s AutoFill plugin could leak user data, secret fix failed

Facebook isn’t the only one in the hot seat over data privacy. A flaw in LinkedIn’s AutoFill plugin that websites use to let you quickly complete forms could have allowed hackers to steal your full name, phone number, email address, ZIP code, company and job title. Malicious sites have been able to invisibly render the plugin on their entire page so if users who are logged into LinkedIn click anywhere, they’d effectively be hitting a hidden “AutoFill with LinkedIn” button and giving up their data. Researcher Jack Cable discovered the issue on April 9th, 2018 and immediately disclosed it to LinkedIn. The company issued a fix on April 10th but didn’t inform the public of the issue. Cable quickly informed LinkedIn that its fix, which restricted the use of its AutoFill feature to whitelisted s...

Facebook moves to shrink its legal liabilities under GDPR

Facebook has another change in the works to respond to the European Union’s beefed up data protection framework — and this one looks intended to shrink its legal liabilities under GDPR, and at scale. Late yesterday Reuters reported on a change incoming to Facebook’s T&Cs that it said will be pushed out next month — meaning all non-EU international are switched from having their data processed by Facebook Ireland to Facebook USA. With this shift, Facebook will ensure that the privacy protections afforded by the EU’s incoming General Data Protection Regulation (GDPR) — which applies from May 25 — will not cover the ~1.5BN+ international Facebook users who aren’t EU citizens (but current have their data processed in the EU, by Facebook Ireland). The U.S. does not have a comparable data pr...

Facebook, Microsoft and others sign anti-cyberattack pledge

Microsoft, Facebook and Cloudflare are among a group of technology firms that have signed a joint pledge committing publicly not to assist offensive government cyberattacks. The pledge also commits them to work together to enhance security awareness and the resilience of the global tech ecosystem. The four top-line principles the firms are agreeing to are [ALL CAPS theirs]: 1. WE WILL PROTECT ALL OF OUR USERS AND CUSTOMERS EVERYWHERE. 2. WE WILL OPPOSE CYBERATTACKS ON INNOCENT CITIZENS AND ENTERPRISES FROM ANYWHERE. 3. WE WILL HELP EMPOWER USERS, CUSTOMERS AND DEVELOPERS TO STRENGTHEN CYBERSECURITY PROTECTION. 4. WE WILL PARTNER WITH EACH OTHER AND WITH LIKEMINDED GROUPS TO ENHANCE CYBERSECURITY. You can read the full Cybersecurity Tech Accord here. So far 34 companies have signed up to th...

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