The developers behind it Lord of the Rings: Gollum posted an apology after both critics and players criticized the title for lackluster gameplay, unrefined graphics, and overall flaws. In a posted message to Twitter and Steam, Daedalic Entertainment says it regrets the game’s “disappointing experience”. “We acknowledge and deeply regret that the game did not … Read more
After sales software startup TigerEye closed its Series A and established a board of directors, the co-founders informed them: One thing we never want to do is the three-hour, too-in-the-weed, non-strategic board meeting. “Every board deck I’ve made and seen is over 80 pages long,” said Tracy Young, co-founder and CEO of TigerEye. “I am … Read more
Shares of edtech company Chegg have still not recovered from their plunge earlier this month. As you may recall, the stock fell off a cliff after the company reported its Q1 results. While Chegg beat analysts’ expectations for the first quarter of the year, it also raised a warning that didn’t fall on deaf ears: … Read more
A year ago, Mike Butcher reported that Faye hopes to do for travel insurance what Lemonade did for general insurance, and that’s as good a summary of what Faye does as anything. The company was kind enough to share its (slightly redacted) pitch deck with me so I could look under the hood to see … Read more
Hello, and welcome back to Equity, a podcast about the startup business, where we unravel the numbers and nuances behind the headlines. Mary Ann And Alex were a dynamic duo this week, dealing with a blizzard of tech news, startup updates, and questions that linger over hundreds of billions of dollars in venture capital investments. … Read more
Info Edge, the largest shareholder of Bizcrum Infotech, Bijnis’ holding company, has written off its entire investment in the Indian startup, citing “principles of conservatism and prudence” in the latest drastic market correction in the burgeoning South Asian ecosystem struggling with the weakening global economy. The listed Indian investor had invested about $9.3 million in … Read more
Netflix is betting that a crackdown on password sharing will reverse declining revenues and shaky subscriber numbers. The company has historically never enforced its one account per household policy. Now, by making members pay to share their subscriptions with people living in other homes, Netflix is cashing in on all those users they’ve missed all … Read more
Here’s a shoutout to early-stage South American startup founders! We want YOU to sign up for the Startup Battlefield 200 at MinRegion Disrupt 2023. But you better hurry – time is running out. The signup window will close at 11:59 PM PDT on May 31. South America: Join the Startup Battlefield 200 Startup Battlefield 200 … Read more
Image: THQ Nordic As a sequel to resident evil And Empty spacecontinues the year of horror remakes with the imminent launch of Alone in the dark. The new version has been described as a “reimagination” of the original trilogy, which kicked off in 1992 with the groundbreaking survival horror original. It is being developed by … Read more
Neuralink, Elon Musk’s brain-computer interface company, says it has received approval from the Food and Drug Administration (FDA). to launch its first human clinical trial. If this is true, it means that real people can get a device from Neuralink in their head. The news follows Elon Musk’s claim in November that Neuralink was about … Read more