Hi, Agen. Remember Mirror, that giant, thousand-dollar screen thingy for connected fitness? Hey, maybe you even had — or have — one in your living room. But Lululemon, which bought the startup for $500 million as the home fitness craze peaked early in the pandemic, has now moved on. The apparel retailer is throwing in the towel on Mirror, now called Lululemon Studio, and 120 jobs went with it. The Lululemon layoffs along with job cuts at gaming, social media and enterprise software companies drove up the tally on our Tech Layoffs Tracker last week. Even Silicon Valley’s most prestigious startup accelerator shed some jobs. Nobody could beat OpenAI rival Anthropic when it came to the largest U.S. startup funding deals this week, but a few tried. They include a startup building a commercial space station, other AI companies, and, of course, a slew of biotech startups. See also: The Crunchbase Megadeals Board The gaming sector was hardest-hit on our tech layoffs tracker last week, with nearly 900 workers in the industry losing their jobs. Need to pivot your startup, but scared to talk to your investors about it? Entrepreneur Artem Semjanow, who’s navigated two successful pivots — from B2C to B2B, and then from a sneakers company to an AI health app — shares five strategies to help you gain investor support when navigating pivots. To make the cut for our September list of the largest funding deals to U.S. startups, your company had to raise at least $210 million. Seattle startup funding has fallen more than the already precipitous decline in U.S. venture funding we’ve seen this year. This begs the question: Is the Seattle-area decline just a reflection of broader trends, or does it point to specific weaknesses in the local startup ecosystem? Related Crunchbase Pro lists: • Seattle Startup Funding • Washington State Startup Funding • Washington State VC-Backed IPOs Of The Past Five Years |
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