Amazon buys the maker of Roomba, Bolt disappears, and YC slows down – Meczyki.Net

Hello again! Welcome to Week in Review, the newsletter where we quickly recap the top stories that permeated over the past seven days. Want it in your inbox? get it here.

most read story This week is kind of wild: Bolt Mobility, an on-demand bike/scooter rental company co-founded by Usain Bolt, kinda… has disappeared. “The departure has been sudden,” writes Rebecca, “leaving cities with abandoned equipment, unanswered calls and emails, and lots of questions.”

other stuff

Amazon buys iRobotBezos wants everything. whole Foods! A Medicine! And now… Roomba? In this latest in a series of sudden and somewhat surprising acquisitions, Amazon is dropping $1.7 billion for the company best known for its robo vacuums.

Facebook closed live shopping: If you use Facebook’s “Live Shopping” feature to sell things via stream, it may be time to find a new platform. While live streaming isn’t going away, the dedicated shopping-focused features will roll out in October.

Starbucks entering web3: I would roll my eyes, but I know how many people who insist on buying Starbucks mugs from every major city…

More Robinhood layoffs: Oops. Just a few months ago, Robinhood cut 9% of its full-time workforce; This week, the company confirmed that it is letting go of another 23%. “I took responsibility for our ambitious staffing trajectory and it’s up to me,” writes CEO Vlad Tenev, citing overhiring over the past few wild years.

yc goes short: It had to happen eventually. Y Combinator was getting bigger and bigger with each accelerator class, peaking at an absurd 414 companies in the last batch. They’re backing things up a bit with the next cohort — but at about 250 companies, it’s still relatively huge.

audio material

podcast! Get your podcasts!

This week in the World of Meczyki.Net podcast, equity Crew Talk About YC’s Small (But Still Very Huge) Cohort, Darrell and Becca Talk About “Instagram MySpace By TikTok” TC PodcastAnd Bernsey talks with Convoy co-founder Dan Lewis about the freight company’s “secret growth hack” techcrunch live,

excess baggage

Glamabook’s $2.5 million seed deck: GlamBook recently raised millions to build what they called “Uber for the Beauty Industry”. How did he persuade investors to join the board? In this latest edition of his Pitch Deck Teardown series, Hedge echoes from Deck and helps explain why certain things made the cut.

What Exactly Happens When Your Startup Is Acquired?: There’s more to achieve than just waiting for a bag of cash to arrive at your desk. Yair Snir, VP of Dell Technologies Capital, gives us a high-level overview of the entire process “from NDA to LOI.”

dear sophie: “How long will I have to stay at my current job after I get my green card?” Fair question! Immigration attorney Sophie Alcorn weighs in.