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Founder of SoftBank-backed car leasing startup resigns after layoffs

Founder of SoftBank-backed car leasing startup resigns after layoffs

Scott Painter, the founder of SoftBank-backed car leasing startup Fair.com, has resigned following last week’s layoffs and announcement of a planned restructuring, The Verge has learned. SoftBank’s Adam Hieber is taking over as interim CEO. Painter’s brother, who was Fair’s CFO, left the company last week. “As I’ve said so often in the last few…
Fair, the SoftBank-backed car subscription startup, lays off 40% of staff, sacks CFO

Fair, the SoftBank-backed car subscription startup, lays off 40% of staff, sacks CFO

As the market continues to turn against the wave of highly valued, venture-backed startups operating with little end in sight to their huge losses — Uber and WeWork being two prime examples — another startup is taking a proactive step to get ahead of the story, by cutting costs and restructuring before public opinion forces…
SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation

SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation

Getaround, a used car marketplace and winner of TechCrunch Disrupt New York Battlefield 2011, will enter the unicorn club with a roughly $200 million equity financing. The deal values Getaround, founded in 2009, at $1.7 billion, according to an estimate provided by PitchBook. Getaround declined to comment, citing internal policy on “funding speculation.” “Getaround and…
SoftBank-backed Fair taps three executives to lead vehicle subscription app expansion

SoftBank-backed Fair taps three executives to lead vehicle subscription app expansion

Fair, the vehicle subscription startup backed by SoftBank, is loading its executive team with veterans in the tech, venture and automotive industries as it seeks to build out its Uber leasing program and expand beyond North America. Fair.com today announced three key hires to lead the development of its car subscription app, financing department and…
SoftBank-backed startup cracks under pressure to scale

SoftBank-backed startup cracks under pressure to scale

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Our esteemed co-host Alex Wilhelm was out again this week, but Kate Clark was in the studio with the lovely TechCrunch editor Connie Loizos and Canvas Ventures’ general partner Rebecca Lynn. The wonderful Chris Gates is on vacation…

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Fortnite patch notes: What’s new in update 9.41, including the Storm...

The changes and tweaks in the latest Fortnite patch. Reading Fortnite patch notes is one of the more anticipated parts of the week for Fortnite players, as each Fortnite patch tends to bring a mix of new limited time modes, new weapons or changes to existing ones.Each week brings a different focus, so it's worth checking…

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