This Week in Startups Coinbase lays off ~18%, EU crypto regulation, $NFLX & $ROKU ad-tech talks, Hallow prayer app, Prey laptop security | E1484
Jun 14, 2022
Coinbase's recent layoffs raise eyebrows as they cut 18% of their workforce amid a crypto market rollercoaster. The EU is gearing up for new crypto regulations, aiming for a safer financial landscape. In a surprising twist, Netflix is in talks with Roku to launch an ad-supported tier. Meanwhile, the Hallow prayer app, backed by Mark Wahlberg, raises funds to blend faith with technology. Lastly, Prey steps into the spotlight, offering laptop security solutions, humorously linked to a recent burglary saga.
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Remote Demo Day
- Apply to Remote Demo Day if you're an early-stage startup.
- You'll get to pitch your product to over 10,000 investors.
Coinbase Layoffs
- Coinbase overhired and scaled too quickly during the crypto boom.
- Their stock plummeted, forcing layoffs and highlighting the risk of rapid expansion.
Contextualizing Layoffs
- High-tech workers laid off from companies like Coinbase often have other options.
- Their generous severance packages provide a cushion while they search.