Why did Bill.com pay $2.5B for Divvy?

why-did-billcom-pay-$2.5b-for-divvy?

As expected, Bill.com is buying Divvy, the Utah-based corporate spend management startup that competes with Brex, Ramp and Airbase. The total purchase price of around $2.5 billion is substantially above the company’s roughly $1.6 billion post-money valuation that Divvy set during its $165 million, January 2021 funding round. Divvy’s growth rate tells us that the company … Read more

Peloton projects $165M revenue impact from treadmill recalls

peloton-projects-$165m-revenue-impact-from-treadmill-recalls

What would have been a celebratory earnings call in just about any other quarter ended on a somber note today, as Peloton CEO John Foley kicked things off with an apology. “We are a members-first organization,” the executive stated. “And that means for all of us at Peloton, the safety of our member community comes … Read more

Following Apple’s launch of privacy labels, Google to add a ‘safety’ section in Google Play

following-apple’s-launch-of-privacy-labels,-google-to-add-a-‘safety’-section-in-google-play

Months after Apple’s App Store introduced privacy labels for apps, Google announced its own mobile app marketplace, Google Play, will follow suit. The company today pre-announced its plans to introduce a new “safety” section in Google Play, rolling out next year, which will require app developers to share what sort of data their apps collect, … Read more

Shauntel Garvey of Reach Capital will join us to judge this year’s Startup Battlefield

shauntel-garvey-of-reach-capital-will-join-us-to-judge-this-year’s-startup-battlefield

TechCrunch’s Startup Battlefield is one of the most popular parts of our annual TechCrunch Disrupt conference which is happening on September 21-23 this year. Now we’re very excited to reveal one of the fine people who will be judging Startup Battlefield at this year’s all-virtual event in September: Shauntel Garvey, a general partner at Reach Capital, … Read more

BigBrain aims to bring live mobile trivia back to glory

bigbrain-aims-to-bring-live-mobile-trivia-back-to-glory

If you ask Nik Bonaddio why he wanted to build a new mobile trivia app, his answer is simple. “In my life, I’ve got very few true passions: I love trivia and I love sports,” Bonaddio told me. “I’ve already started a sports company, so I’ve got to start a trivia company.” He isn’t kidding … Read more

Less than 24 hours to save $100 to TC Sessions: Mobility 2021

less-than-24-hours-to-save-$100-to-tc-sessions:-mobility-2021

Calling all frazzled procrastinators, feet-draggers, lollygaggers and last-minute decision makers. The best price on passes to TC Sessions: Mobility 2021, which takes place on June 9, disappears in mere hours. It’s now o’clock, baby. Shift your EV into gear, hail a robotaxi or tell Mr. Scott to beam you up — whatever it takes to … Read more