Daily Crunch: Amazon to acquire iRobot in $1.7B all-cash deal

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Daily Crunch: Facebook avoids European blackout as regulators squabble over EU-US data transfers 

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Rivian delivers on Q2 revenue, expects loss to widen another $700M

Rivian is holding on tight to its goal of delivering 25,000 electric vehicle by year’s end, but to get there it now anticipates to burn an extra $700 million. The automaker tucked the revised guidance on losses within its second quarter earnings report, telling investors that it expects to lo…

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Online-only home solar seller bags $23M, pledging ‘dramatically lower prices’

Project Solar doesn’t make solar panels, nor does it employ crews to plop them on roofs, but the startup argues it can shake up the residential solar business by steering clear of sales reps and automating parts of the ordering, design and installation process. Backed by $23 million in fresh …

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That message from ‘Twitter Support’ is almost certainly fake

Users on Twitter have been receiving messages purporting to be from “Twitter Support” urging them to act quickly to avoid suspension, often even from users with a blue check. But these are almost certainly scams — here’s what to look out for, and what it would look like if Twitter…

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Astra changes strategy and ditches current rocket in the wake of launch debacles

Astra CEO Chris Kemp told investors Thursday that the company will be no longer launch payloads with its current lightweight vehicle, Rocket 3, and will instead remanifest all launches on a considerably larger rocket that’s still under development. It’s a big change for the company, which has opera…

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7 first-time funds see an advantage in entering a downturn without a large portfolio

Last year saw a record 270 first-time funds close, which means there are almost 300 new managers who raised their fund in a bull market and are now deploying it in very different market conditions.

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7 first-time fund managers detail how they’re preparing to thrive during the downturn

Who will fare better in the current venture downturn? Will it be legacy investors with years of experience and sizable portfolios to worry about or emerging managers starting with a clean slate?

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SpaceX launches South Korea’s first moon mission, an orbiter named Danuri

South Korea is headed for the moon. Last night, the country launched its first-ever lunar mission—in fact, its first-ever mission beyond low Earth orbit. Formerly called the Korea Pathfinder Lunar Orbiter (KPLO), the mission, managed by the Korea Aerospace Research Institute (KARI), is now named Da…

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Why an Atlanta-based Black influencer collective swapped their collab house for a studio

Collab Crew (formerly Collab Crib) wants to help other underrepresented creators thrive.

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Google’s ‘quantum supremacy’ usurped by researchers using ordinary supercomputer

Google's demonstration of "quantum supremacy" is being challenged by researchers claiming to have pulled ahead of Google on a relatively normal supercomputer.

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