Sep
03

This $15 million 'hurricane tank' can simulate a Category 5 storm. It could help improve forecasts about hurricanes like Dorian.

Hurricane Dorian has been moving across the Atlantic Ocean for the last several days, but forecasters had some trouble predicting where it would make landfall and how much it would strengthen.

After making landfall in the Bahamas as a Category 5 storm on Sunday, the hurricane is now inching toward Florida's eastern coast.

Though hurricane models have improved over the last several decades, forecasters are still working to learn about how the storms form and intensify.

To answer these fundamental questions, they turn to data from places like University of Miami's Sustain Laboratory, where a $15 million machine can mimic the conditions of a Category 5 hurricane.

Brian Haus, the director of the laboratory, told Business Insider how he's using the tank to help forecasters make better predictions about storms like Hurricane Dorian in the future. Here's what the hurricane tank looks like.

Original author: Aria Bendix

Continue reading
  21 Hits
Sep
03

The Information's business ambitions, Oatly's unlikely rise, YouTube's double-edged sword

Getty Images

Hello! Welcome back to the Advertising and Media Insider newsletter after Labor Day and the summer that was anything but slow for us.

First, news about us: I'm excited to welcome our new advertising correspondent, Patrick Coffee, a longtime muckraking journalist, to our growing team. Email him your best tips at This email address is being protected from spambots. You need JavaScript enabled to view it..

On to the news: The pivot to subscriptions has been one of the big stories for digital news outlets. As a pair of stories this week shows, that path is not straight.

Jessica Lessin's tech news site The Information is largely subscription driven, but it's tapping Spotify and BuzzFeed vets as it tries to grow the business beyond its $400-a-year subscriptions — showing how even hardcore subscription publications are diversifying their revenue to include advertising.

The Information has hired a new head of ad sales as it looks to double its business team to chase advertisers as well as subscribers

Meanwhile, business news site Quartz has lost a batch of key people in the past few months, including those who were instrumental to its effort to diversify away from advertising.

Business-news outlet Quartz has lost 5 key people in the past few months

Something to ponder: To switch from being a free site to being membership-driven requires a massive cultural shift. From what some insiders tell me, the site made this change quickly, which might have worked against leadership's ability to get buy-in.

If you got this email forwarded, sign up for your own here. Got a tip or feedback? Email me at This email address is being protected from spambots. You need JavaScript enabled to view it..

Elsewhere, we've been all over direct-to-consumer companies, which are facing growing pains as the social platforms that gave them their start get more expensive.

As Tanya Dua reported, Peloton's road to its IPO has come at a cost — the stationary bike company more than doubled its ad spending in the past year.

Peloton boosted its marketing spend by 114% ahead of its IPO in its quest to win over a young, affluent audience

Meanwhile, one venture capital firm is trying to stand out by helping DTC companies solve that very problem. Comcast Ventures apparently is helping some of their portfolio companies cut their costs, though whether it can help them grow the topline is still TBD.

Comcast Ventures has a plan to jumpstart direct-to-consumers companies like Away and Hippo and it's already slashing their customer acquisition costs

Over in media, the rise of OTT is disrupting TV companies, but ad tech companies are picking up the spoils. Lauren Johnson found companies like The Trade Desk and TripleLift are snapping up TV talent to try to own OTT. But people who come from traditional TV sales backgrounds may be unaccustomed to the speed of ad-tech culture.

'They know the lingo': Ad-tech firms are on a hiring blitz for TV salespeople in the race to own OTT advertising

And a fun one: Tanya got the inside story behind those quirky Oatly ads you've probably seen plastered all over the place — and which helped shoot the Swedish oat drink maker to the top of the category.

'It's nonpareil': How Swedish oat-milk brand Oatly became the undisputed king of a burgeoning $29 million market through its quirky grassroots approach to marketing

Here are other great stories from media, tech, and advertising. (You can read most of the articles here by subscribing to BI Prime; use promo code AD2PRIME2018 for a free month.)

Netflix hiring trends: An analysis of the streaming giant's new job listings shows where it's staffing up

'Mentally draining and harming': YouTube star Joey Graceffa on what it feels like when the platform's algorithm turns against you

Viral meme platform 9GAG is launching an overarching media company to capitalize on advertising deals — and is already working with brands including Sony Music, Dunkin' Donuts, Netflix, Pizza Hut and My.Games

Beleaguered media measurement giant Comscore is turning over a new leaf, again — and says it will be cashflow positive by the end of the year

MoviePass laid off roughly a third of its staff, including its entire team focused on relationships with movie theaters

Original author: Lucia Moses

Continue reading
  36 Hits
Sep
03

Google has started rolling out Android 10 — here are the 10 best new features and updates to look out for (GOOG, GOOGL)

Google began rolling out the Android 10 version of its Android mobile operating system on Tuesday to Pixel devices, including the original Pixel, Pixel 2, and Pixel 3 phones.

As with the last few versions of Android, there are some new features and updates that might not be immediately obvious. You might even miss them entirely if you don't know what to look for.

That would be a shame, since some of these new features are pretty helpful. To help you get the most out of Android 10, Business Insider has compiled a list of features to look out when you get the update.

Check it out:

Original author: Antonio Villas-Boas

Continue reading
  23 Hits
Sep
03

Facebook just made a huge change to a fundamental feature after its $5 billion clash with the FTC (FB)

Facebook made a huge change on Tuesday: The social media service no longer suggests friends to tag in uploaded photos, one of the staples of the service.

Now, and only if you choose to opt-in to Facebook's face recognition option, Facebook will offer you suggestions for photos you may be in. If you approve, then those tags will be added to the photo.

Previously, if you uploaded a photo, Facebook would automatically suggest friends to tag in the photo based on the faces it recognized in the image — a service which used some form of facial recognition to offer the suggested tags.

It's a subtle change to how Facebook works, but it's a crucial one: It puts control of face recognition in the hands of users rather than automatically using software to recognize users.

Facebook CEO Mark Zuckerberg. Facebook

Moreover, it's a change that comes in the wake of a historic $5 billion fine from the Federal Trade Commission due to the Cambridge Analytica scandal.

In addition to the monetary fine, Facebook was forced to "clearly and conspicuously" disclose any use of facial-recognition software, "separate and apart from any 'privacy policy,' 'data policy,' 'statement of rights and responsibilities' page, or other similar document," according to the FTC settlement.

More simply: Facebook now has to explicitly ask user permission to use facial-recognition software.

Read more: Facebook still has incredible control over your data

If you choose to opt in, Facebook says it primarily uses face recognition data for two things: photo tagging and identity protection.

In addition to suggesting photos you might be in, opting in to face recognition also means Facebook will keep a lookout for anyone else on the service pretending to be you. "We can help protect against someone using your photo to impersonate you," the information page says.

The changes are already in effect all over the world, and some users with specific settings will start seeing prompts to opt in to face recognition starting today.

Original author: Ben Gilbert

Continue reading
  22 Hits
Mar
16

Advertising holding company Omnicom asks employees to work from home amid staff concerns over coronavirus outbreak – here's the internal memo

Netflix is staffing up all over the world, from its Hollywood studios to its offices in Singapore and the Netherlands, in a wide variety of positions from workplace-services roles to senior-engineering and production jobs, Business Insider found by analyzing job listings posted on LinkedIn during the week ending August 30.

The streaming giant posted more than 90 new openings worldwide, including:

a narrative-design job working with the team behind "Black Mirror: Beerntsen" a senior analytics engineer tasked with evaluating the budgeting, staffing, and other needs at Netflix productions an analytics and strategy liaison to the teams developing the product and marketing campaigns for Netflix originals an analyst role for a fluent French speaker whose primary job would be watching, tagging, and researching movies and TV shows.

Roughly a quarter of the positions were at the management level, and another fifth were senior or director-level roles, including director of content financial planning and analysis for Netflix's international originals.

Here are some of the highlights for job seekers.

Netflix is staffing up mostly in California and the Netherlands.

The majority of listings from the past week are for jobs based out of California at either Netflix's Los Gatos headquarters or Hollywood home base.

In Los Angeles, there are more than 30 openings for a mixture of positions supporting studio production, content development, and marketing, as well as operational roles.

The bulk of the job openings at Netflix's Los Gatos offices come with engineering or operational responsibilities.

Netflix also has nearly a dozen new listings for posts in Amsterdam in a variety of fields, from post-production work for its international originals to tax analysis and talent acquisition. Most of the new roles out of Amsterdam focus on Netflix's operations in Europe, the Middle East, and Africa.

The streaming giant also posted a handful of new positions in Singapore that center on its operations in the Asia-Pacific area, including one job that's focused on public policy and government relations.

In Japan, Netflix is hiring producers for anime and live-action programming.

These are the top 10 places where Netflix ramped up hiring last week:

Los Angeles: 32 new job postings Los Gatos, California: 24 Amsterdam: 11 Singapore: 8 Mexico City: 3 London: 3 Tokyo: 2 Salt Lake City: 2 Mumbai, India: 2 Berlin: 2

The streaming giant has quite a few new operational openings too.

As job hunters might expect, Netflix has the most openings in roles supporting studio production, content development, and its engineering teams.

But the media and tech company is also hiring for more than a dozen logistical and operational roles, including workplace and employee services, travel management, and internal events. Many of those positions are in California, with a few in Singapore, Mexico City, and the Philippines.

There are also about a dozen finance-related roles open around the world, most of which are tied to production or content planning and analysis.

Overall, most of the studio-related openings are focused on Netflix's international originals, followed by nonfiction and animated programming.

Original author: Ashley Rodriguez

Continue reading
  18 Hits
Sep
03

YouTube stars Logan Paul and KSI will fight head-to-head, again, in a boxing match without headgear on November 9 in LA

Logan Paul and KSI, two of YouTube's biggest personalities, will face off in the boxing ring again in November for a much-hyped rematch.

The follow-up fight will take place November 9 at Staples Center in Los Angeles, a 21,000-capacity arena home to the Los Angeles Lakers. Details of the rematch were revealed Tuesday afternoon on social media.

The November 9 fight follows a previous match between the two that took place in August 2018 and ended in a draw. But the match was a success in drawing crowds: 18,000 fans watched the fight on-site in a United Kingdom arena, and nearly 800,000 people tuned in online to stream the event. That boxing match generated $11 million in revenue, according to estimates from Business Insider.

Read more: KSI and Logan Paul probably generated up to $11 million with their YouTube boxing match

Paul and KSI have been immensely hyping up the rematch ever since the previous one did not result in a winner. The rematch was initially scheduled for February, and it's not clear why it was pushed back all the way to November. Medium publication FFWD reports that there were 10 months of negotiations about rights and brand deals leading up to this rematch.

This time around, the match between Paul and KSI is being promoted by Matchroom Boxing and will stream exclusively on DAZN, a livestreaming app for sports. But it remains to be seen how DAZN fairs in trying to stem the surge of free streams that are bound to pop up online during the match. An estimated 1 million people watched the 2018 match via illegal streams on websites like Twitch.

Additionally, this time around, the Paul-KSI can be classified as a "professional" match rather than an amateur one, because both men are licensed by the California State Athletic Commission, FFWD reports. That also means that Paul and KSI won't be wearing headgear for this boxing match.

Tickets are not yet on sale, but are expected to be available soon on the Staples Center website.

Original author: Paige Leskin

Continue reading
  18 Hits
Sep
03

How to turn off notifications on your iPhone for individual apps, or adjust the types of notifications you receive

A few months ago, my family was planning a trip to France. I got a language learning app on my iPhone and dutifully brushed up on my French, reaching a level where I was competent enough to greet people, handle basic topics like directions and ordering food, and to apologize for my horrid accent.

After the trip, I had no need (or free time) to further my language studies, so I stopped using the app. But the app continued to send me notifications multiple times a day, mostly trying to guilt me into returning to the unused application.

The solution? I turned all notifications from the app off, leaving it installed for later use but preventing it from bugging me.

With every app you have on your iPhone, you can turn notifications off or limit how they will appear, so you can customize your iPhone experience to be helpful and informative - and not annoying and invasive.

In addition, if you ever want a break from all notifications for a certain period of time, just pull up your iPhone's control center (or pull it down from the top right on an iPhone X or later) and tap the moon icon to set a "Do Not Disturb" period.

But the best way to manage your iPhone notifications is spending the time to customize the information that each app delivers.

Here's how to do it.

Check out the products mentioned in this article:

iPhone Xs (From $999.99 at Best Buy)

How to turn off notifications on your iPhone

1. Launch the "Settings" app on your phone, then scroll to and tap "Notifications."

Select Notifications in Settings. Steven John/Business Insider

2. Scroll down to the app with notifications you want to limit, then tap it.

Click on the app for which you want to turn off notifications. Steven John/Business Insider

3. To curtail all notifications, toggle the button beside "Allow Notifications" to off.

You can turn off your iPhone notifications for individual apps, or adjust the sounds, badges, and types of alerts. Steven John/Business Insider

4. To merely limit the app's notifications, set where it can deliver a notification (Lock Screen, Notification Center, and Banners) and toggle Sounds and Badges on or off.

For more information on how to turn off all notifications for a certain period of time, read our article, " How to use Do Not Disturb on iPhone manually, or schedule it to activate at a specific time each day."

Original author: Steven John

Continue reading
  19 Hits
Mar
16

Poetry: Pandemic

An antitrust investigation into Google is reportedly being prepared by "more than half" of America's state attorneys general, according to a Washington Post report on Tuesday. It looks to be yet another probe looking into whether one of Silicon Valley's largest companies has become too dominant.

The Post reported that a press conference announcing the investigation into Google is expected to take place next Monday, September 9th, though its sources said that date could be subject to change.

The report also said it remained unclear whether the attorneys general planned to open up antitrust probes into other tech giants, like Facebook, Amazon, and Apple, or if Google was the only company targeted by the group at this time.

According to the Post, the attorneys general may specifically be looking into Google's handling of personal user data, as well as its search engine algorithms, which multiple state attorneys general have said in the past, could be used in ways that hurt competition.

Earlier this summer, The Wall Street Journal reported that the Department of Justice (DOJ) — one of the federal agencies with the authority to carry out antitrust probes, along with the Federal Trade Commission (FTC) — was planning an investigation into Google over its search and other businesses. It has yet to be confirmed whether or not that investigation has officially launched.

Similar antitrust probes were reportedly planned to be brought against Facebook, Apple, and Amazon, though Facebook is the only company to confirm that an investigation by the FTC into its business is underway.

In late July, the DOJ said it would open up a broad review of top "online platforms" for search, social media, and e-commerce to determine whether they are stifling competition and innovation. The DOJ did not cite any specific companies for its review, but left little doubt that companies like Alphabet, Facebook, and Amazon were all under the agency's scrutiny.

Read more: Here's what could happen to Google and its $137 billion business empire if it loses the antitrust battle

According to the Post's report on Tuesday, some state attorneys met with DOJ officials this summer to address their antitrust concerns. Still, it is not immediately clear how the potential investigation into Google by the attorneys general will differ from any possible probes by the DOJ.

Google spokesperson Jose Castaneda told Business Insider on Tuesday: "Google's services help people every day, create more choice for consumers, and support thousands of jobs and small businesses across the country. We continue to work constructively with regulators, including attorneys general, in answering questions about our business and the dynamic technology sector."

With looming probes by state and federal regulators, the question remains if any will have more teeth than the FTC's antitrust investigation of Google's search and smartphone business practices back in 2013. At that time, Google walked away from the encounter without incurring any financial penalties and having committed itself only to vague promises to change some business practices — an outcome derided by many critics as a slap on the wrist.

Original author: Nick Bastone

Continue reading
  26 Hits
Sep
03

Best Buy is discounting the Nest Learning Thermostat by $70 right now — it can automatically adjust the temperature in your home to save money on energy bills

The Nest Learning Thermostat is considered by many to be the best thermostat you can buy, thanks to its stunning design, range of smart features, and easy-to-use interface. For a limited time, you can get the Nest Learning Thermostat with an external temperature sensor for $70 off at Best Buy.

There are a ton of things that make the Nest Learning Thermostat such a great device. For starters, the thermostat is super well-designed. It's available in a range of different colors, and features a beautiful stainless steel ring around a glass face, which displays the temperature of your home. You'll use the ring around the edge to control the device's software and raise or lower the temperature.

The Nest replaces your existing thermostat and can intelligently control your home's heating and cooling setup automatically, so you often don't have to do anything. On top of that, you'll also be able to control the smart thermostat straight from your phone, and it'll learn your routine so that it can adjust the temperature on its own.

This particular bundle also comes with an external temperature sensor, which can be set up in another room. External sensors are particular helpful in multi-level homes, and they allow users to set the temperature based on where they are in the home — rather than just a temperature overall.

Get the Nest Learning Thermostat with temperature sensor from Best Buy, $199.99 (originally $269.99) [You save $70]

Original author: Christian de Looper

Continue reading
  23 Hits
Sep
03

The European Space Agency says it dodged a SpaceX satellite because the company wouldn't move it out of the way. Buggy software may be to blame.

In space, no one can scream at you to move out of the way — and sometimes on Earth, you miss a very important email.

Those two realities collided about 200 miles (320 kilometers) above Earth over the weekend for SpaceX and the European Space Agency (ESA), leading to an inadvertent game of high-speed, high-stakes chicken.

The incident started on August 28 with an alert from the US Air Force's 18th Space Control Squadron, which keeps track of spacecraft and debris in space. The squadron notified both SpaceX and the ESA that their spacecraft might collide around September 2 at 7 a.m. ET, according to Jeff Foust at Space News.

The collision risk involved one of SpaceX's new Starlink internet satellites, 60 of which launched on May 23, and the ESA's wind-monitoring Atmospheric Dynamics Mission Aeolus satellite, according to Jonathan O'Callaghan at Forbes.

While satellite collision-avoidance maneuvers are rare but not uncommon, there was apparently a communications breakdown that led to the ESA tweeting the news on Monday.

"For the first time ever, ESA has performed a 'collision avoidance manoeuvre' to protect one of its satellites from colliding with a 'mega constellation,'" the ESA tweeted, adding: "This morning, @ESA's #Aeolus Earth observation satellite fired its thrusters, moving it off a collision course with a @SpaceX satellite in their #Starlink constellation."

The chance of an actual strike was initially 1-in-50,000, yet those odds later worsened to a 1-in-10,000. While a 0.1% chance of a hit may seem low, NASA routinely moves the football-field-size International Space Station if there's only a 0.001% (1-in-100,000) chance or greater of a collision with an object.

Read more: A space junk disaster could cut off human access to space. Here's how.

Such an abundance of caution is not without warrant. One satellite smash-up can litter low-Earth orbit with thousands of sizable chunks of space debris for months, years, or even decades. Such objects can travel more than 10 times as fast as a bullet and disable other spacecraft, which can create even more space junk.

Each Starlink satellite is about the size of a small work desk and weighs up to 1,100 pounds (500 kilograms), and Aeolus is about the size of a golf cart and weighs around 3,000 pounds (1,360 kilograms). Getting whacked by a 10-centimeter sphere of aluminum in space is like detonating 15 pounds [7 kilograms] of TNT, Jack Bacon, a senior scientist at NASA, told Wired in 2010.

'It was at least clear who had to react'

An illustration of ADM-Aeolus, the European Space Agency's wind-monitoring satellite launched on August 22, 2018.ESA/P. Carril

Holger Krag, director of the ESA's Space Safety Program Office, told Space News that his office contacted SpaceX about the USAF alert, and that the company "acknowledged" the risk but "said that they do not plan to take action."

But Krag independently told Forbes that his office had been trying to contact SpaceX about the general risk of collision ever since the Starlink launch, but to no avail.

"It was at least clear who had to react," Krag told Forbes, adding that 1-in-1,000 odds were 10 times higher than the agency's action threshold. The ESA then fired a thruster on its satellite to avoid any would-be strike.

The collision risk apparently came about because SpaceX is testing deorbiting a handful of its experimental satellites. As a result, Starlink no. 44, as the satellite in question is called, descended to a similar altitude as Aeolus.

One way SpaceX is testing deorbiting is via an on-board engine called a Hall thruster, which produces highly efficient yet weak thrust by shooting out atomic ions using electricity.

The goal is to show spacecraft in the Starlink network — what the ESA called a "mega constellation" (depicted in the animation below) that may have nearly 12,000 satellites by the late 2020s — can be directed to burn up in Earth's atmosphere. That way, the satellites avoid becoming or causing space debris.

Elon Musk, SpaceX's CEO and founder, told reporters in May that the company would do this to its satellites after about five years of operation. He also said Starlink "satellites automatically maneuver around any orbital debris."

Why SpaceX did not avoid a well-known satellite like Aeolus is not yet entirely clear, but the company thinks a communications system issue may be to blame.

SpaceX says a 'bug' in its system led to the company's silence with the ESA

An illustration showing around 4,400 satellites in SpaceX’s Starlink constellation and SpaceX founder Elon Musk at a news conference in March. Mark Handley/University College London/Reuters/Mike Blake/Business Insider

Although the ESA launched its Aeolus spacecraft nine months earlier than Starlink — on August 22, 2018 — there is not yet any internationally recognized law prescribing who should move out of the way or when.

"Today, this negotiation is done through exchanging emails — an archaic process that is no longer viable as increasing numbers of satellites in space mean more space traffic," Krag said in an ESA statement posted on Tuesday.

SpaceX sent the following statement to Business Insider on Tuesday, which may explain why the company was not responsive to the ESA via email:

"Our Starlink team last exchanged an email with the Aeolus operations team on August 28, when the probability of collision was only in the 2.2e-5 range (or 1 in 50k), well below the 1e-4 (or 1 in 10k) industry standard threshold and 75 times lower than the final estimate. At that point, both SpaceX and ESA determined a maneuver was not necessary. Then, the U.S. Air Force's updates showed the probability increased to 1.69e-3 (or more than 1 in 10k) but a bug in our on-call paging system prevented the Starlink operator from seeing the follow on correspondence on this probability increase - SpaceX is still investigating the issue and will implement corrective actions. However, had the Starlink operator seen the correspondence, we would have coordinated with ESA to determine best approach with their continuing with their maneuver or our performing a maneuver."

SpaceX is pushing to launch several more batches of Starlink satellites this year, but Musk thinks launching far fewer than 12,000 — six times the number of all operational sites in orbit today, according to the Union of Concerned Scientists — would make Starlink a global internet provider.

"For the system to be economically viable, it's really on the order of 1,000 satellites," Musk said in May. "Which is obviously a lot of satellites, but it's way less than 10,000 or 12,000."

SpaceX has lost contact with at least three of its first batch of Starlink satellites, though the defunct spacecraft are expected to deorbit within the next year or so. However, the company still views the mission as a success to due its experimental nature.

This story has been updated.

Original author: Dave Mosher

Continue reading
  24 Hits
Mar
17

Dear Sophie: How do I get visas for my team to work from home?

Goldman Sachs surprised Wall Street on Tuesday by announcing the retirement of the longtime partner and technology evangelist Marty Chavez.

Chavez, most recently the cohead of the firm's securities division and the former chief financial officer, will stay on at Goldman until the end of the year. He'll then become a senior director.

Chavez joined Goldman's J. Aron commodities group in 1993 and left four years later, taking a turn at Credit Suisse and a spell as an entrepreneur. He rejoined Goldman in 2005, making partner the following year. He was named chief information officer in 2013 before taking on the CFO job in 2017.

Chavez has been thinking about his retirement for some time, taking counsel from friends and mentors, he said in an interview Tuesday afternoon. He's close to Harvey Schwartz, Goldman's former copresident. The idea was to find something that allowed him to stay true to a set of priorities that he's kept for years, which he listed in order: his own piece of mind, his children, and his job.

"It's just becoming more and more clear to me that to stay consistent with that list I needed a new project," Chavez said in an interview. The search eventually earned a name, "Project Kids, Freedom and Sunshine," and culminated, or perhaps began, with the announcement. He's started a Google Docs list with retirement ideas.

Read more: Goldman Sachs is exploring plans to create a Netflix for data, and it marks a new frontier for Wall Street

To start, he plans to move to Los Angeles. Because he grew up in New Mexico, he always simply survived the East Coast winters, with the pull of finance forcing him to endure another winter. He harbored a plan to move to Southern California, though in the early years of his dream, LA didn't have much technology or finance scene. It was hard for Chavez to envision himself there. As the city has developed a tech scene, that's changed, he said.

"A galvanizing moment for me was in February, actually of last year," when Chavez was still CFO. "I was at a gathering in Venice Beach and my friend Peter Thiel, who has a very direct and remarkable way of speaking, stopped me midsentence and said when are you going to stop talking about moving to LA and actually move to LA."

Once he gets there, Chavez said he planned to do nothing for some time. He's made just one commitment so far: agreeing to teach a class on software in finance next spring at Stanford's business school, he said.

Long term, Chavez, who has degrees from Harvard in biochemistry and computer science and a Ph.D. in medical information sciences from Stanford, may try his hand at the burgeoning field of biotechnology. He's long been fascinated by the idea that DNA and organisms and living things might be programmable, much like making money and risk management has proven to be.

"That intersection of computation and life sciences is happening now," he said. "We're talking about things like figuring out how the protein folds itself, doing that in software, and using that to accelerate drug discovery because you can just simulate it all in software and run the clinical trials. These ideas would've been considered crazy talk not so long ago, but they're all starting to happen. And I think that's incredibly exciting."

He may also advise some private-equity and venture-capital funds, he said, though nothing has been arranged beyond some preliminary conversations.

Read more: 'It didn't seem like it was his forte': Goldman Sachs CFO Marty Chavez is shifting roles after an unconvincing 18-month tenure

As CFO last July, Chavez went to Solomon and suggested he give up the finance role in favor of becoming a cohead of Goldman's securities division, where he could help spur some of the technological changes he felt were needed. Since then, Goldman has thrown resources into developing its Marquee trading platform and green-lighted a multiyear $100 million plan to improve the infrastructure of the equities-trading unit.

"When I went to David last year, I saw with a clarity that I don't get everyday some very specific things that I could do and needed to be done in the securities division," he said. "And David agreed with me."

So why did he decide to leave Goldman now?

Read more: Goldman Sachs is going through a huge transformation under new CEO David Solomon. Here's everything you need to know.

He finally feels like the projects that he's passionate about - increasing the importance and stature of engineers inside Goldman, improving the technological ability of the firm's securities division, and getting needed funds dispersed for those and other projects - would be preserved and advanced under Solomon and a cohort of execs he's mentored and developed over the years.

He name-checked execs including Ezra Nahum, Adam Korn, Raj Mahajan, Ericka Leslie, and Sinead Strain, who he said were increasingly deciding Goldman's vision and simply looping him in. A couple years ago, it was much more of Chavez explaining his vision and asking them to execute it, he said.

And as a partner for 13 years, Chavez also felt it was the right time to invoke an older Goldman custom and stand aside so that the next generation could have its time.

"David and John and Stephen have been incredible backers and allies of the securities division, specifically, and how securities division is evolving," Chavez said. "And so I think if it had been hard to make these transformations and assessments happen, potentially I would have stayed longer. Because I don't give up."

Original author: Dakin Campbell

Continue reading
  17 Hits
Mar
17

Lightspeed-backed WorkOS launches to help startup services become enterprise-ready

Zhihu may not be as well known outside of China as WeChat or ByteDance’s Douyin, but over the past eight years, it has cultivated a reputation for being one of the country’s most trustworthy social media platforms. Originally launched as a question-and-answer site similar to Quora, Zhihu has grown to be a central hub for professional knowledge, allowing users to interact with experts and companies in a wide range of industries.

Headquartered in Beijing, Zhihu recently raised a $434 million Series F, its biggest round since 2011. The funding also brought Zhihu two important new partners: video and live-streaming app Beijing Kuaishou, which led the round, and Baidu, owner of China’s largest search engine (other participants in the round included Tencent and CapitalToday).

Launched in 2011, Zhihu (the name means “do you know”) is most frequently compared to Quora and Yahoo Answers. While it resembled those Q&A platforms at first, it has grown in scope. Now it would be more accurate to say that the platform is like a combination of Quora, LinkedIn and Medium’s subscription program.

For example, Zhihu has an invitation-only blogging platform for verified experts and since launching official accounts, it has become a channel for companies and organizations to communicate with users. A representative for Zhihu told TechCrunch that the platform had 220 million users and 30,000 official accounts as of January 2019 (for context, there are currently about 800 million Internet users in China), who have posted a total of 130 million answers so far.

The company’s growth will be closely watched since Zhihu is reportedly preparing for an initial public offering. Last November, the company hired its first chief financial officer, Sun Wei, heightening speculation. A representative for the company told TechCrunch the position was created because of Zhihu’s business development needs and that there is currently no timeline for a public listing.

At the same time, the company has also dealt with reports that its growth has slowed.

Continue reading
  11 Hits
Sep
03

Bunq simplifies group payment tracking and adds analytics

European challenger bank Bunq is announcing a handful of updates today. You now get a better overview of your account with more insights on how you spend money. If you’re going on vacation with someone else, you can now choose to automatically add transactions to a Slice Group. There are also improvements to VAT management for business users.

Slice Groups are shared accounts for owners of the Bunq Travel Card. You can create a group with multiple Bunq users and then add expenses to the group. You can’t add money to a Slice Group directly. It is essentially a group accounting feature that lets you keep track of who paid for what, who has a positive balance and who has a negative balance.

While you could easily add Bunq transactions to a group, you still had to manually add them every time there are some new transactions. You can now turn on AutoSlice, a feature that lets you temporarily add all card transactions to a Slice Group.

In other news, Bunq wants to give you more information about your spending habits. It starts with a new feature called Bunq Insights. As the name suggests, your payments are now automatically categorized so that you can see a breakdown of what you do with your money.

When you travel, Bunq now gives you information about your travel destination, such as the exchange rate as well as tips and tricks for that country. Bunq users can add recommendations for other Bunq users.

And if you’re always wondering if you’re spending too much money after getting paid, Bunq now tries to predict how much money you’ll have left at the end of the month. The company analyzes your past transactions to predict how much you’re going to spend over the coming weeks.

Finally, Bunq is updating AutoVAT for business users who have to deal with VAT in Europe. In addition to setting aside VAT you’ll have to pay back, the app now counts how much VAT you’ve paid so far so that you know how much you can reclaim. By combining these two figures, you get the exact VAT amount for your taxes.

Continue reading
  16 Hits
Aug
23

Aspen Technology Building Up Portfolio - Sramana Mitra

Each unhappy startup may be unhappy in its own way, but there’s still wisdom in understanding what drives employee satisfaction and dissatisfaction across companies.

Culture Amp is just one of the companies aiming to help employees anonymously express how they feel about their place of work, but the Melbourne company is using the anonymized employee survey data from thousands of customers to help them learn from each other and chart which initiatives made a dent.

The eight-year-old startup has picked up a new bout of funding to help it extend its base of customers further.

Culture Amp just closed a sizable $82 million funding round led by Sequoia Capital China with participation from Sapphire Ventures, Felicis Ventures, Index Ventures, Blackbird Ventures, Hostplus, Skip Capital, Grok Ventures, Global Founders Capital and TDM Growth Partners.

The company’s Series E doubles the company’s total funding raised to date, which now sits at $158 million. Culture Amp closed its last major round of funding — a $40 million Series D — in July of last year.

The company’s subscription survey software gives customers all of the templates, questions and analytics that they need to track employee sentiment and visualize the data that they get back. The software can be used for things like quarterly engagement surveys, but it can also power performance reviews, goal-setting and self-reflections.

Employee surveys are certainly nothing revolutionary, but Culture Amp is trying to improve the process by helping its customers start to bring anonymous feedback to the team level so that employees can give more direct feedback to their managers.

CEO Didier Elzinga tells me the company now has 2,500 customers with a collective 3 million Culture Amp employee surveys under their belts. Elzinga tells TechCrunch that harnessing the collective intelligence of its network to predict things like employee turnover is perhaps one of its strongest value propositions.

“Once you understand the experience that people are having, once you know where you should focus, how do we actually help you act on it?” he tells TechCrunch. “A large part is bringing to bear the collective intelligence of the thousands of companies we already have so that you can learn from people that have suffered from the same sorts of problems.”

The 400-person company’s customers include McDonald’s, Salesforce, Slack and Airbnb.

Continue reading
  11 Hits
Sep
03

Starship Technologies CEO Lex Bayer on focus and opportunity in autonomous delivery

Starship Technologies is fresh off a recent $40 million funding round, and the robotics startup finds itself in a much-changed market compared to when it got its start in 2014. Founded by software industry veterans, including Skype and Rdio co-founder Janus Friis, Starship’s focus is entirely on building and commercializing fleets of autonomous sidewalk delivery robots.

Starship invented this category when it debuted, but five years later it’s one of a number of companies looking to deploy what essentially amounts to wheeled, self-driven coolers that can carry small packages and everyday freight, including fresh food, to waiting customers. CEO Lex Bayer, a former sales leader from Airbnb, took over the top spot at Starship last year and is eager to focus the company’s efforts in a drive to take full advantage of its technology and experience lead.

The result is transforming what looked, to all external observers, like a long-tail technology play into a thriving commercial enterprise.

“We want to do 100 universities in the next 24 months, and we’ll do about 25 to 50 robots on each campus,” Bayer said in an interview about his company’s plans for the future.

Continue reading
  14 Hits
Sep
03

1Mby1M Virtual Accelerator Investor Forum: With Deepen Parikh of Courtside Ventures (Part 6) - Sramana Mitra

Sramana Mitra: Your talk of the drone racing league reminds me of Harry Potter and the Quidditch game. Deepen Parikh: That’s right. I would recommend watching it because it actually does. Sramana...

___

Original author: Sramana Mitra

Continue reading
  33 Hits
Sep
03

Deadline alert: Only 4 days to save on passes to Disrupt SF 2019

October is right around the corner, and if you want to get the lowest possible price on your passes to Disrupt San Francisco 2019 you have just four days left to make it so. Depending on which pass you buy, you can save up to $1,300, but only if you buy your Disrupt SF pass before the deadline expires at 11:59 p.m. (PST) on September 6.

Some of the tech and investment industry’s greatest leaders, minds and makers will be on hand to share their work, insight and advice. It’s a great opportunity to learn from the people who’ve paved the way. Three full days of programming across four different stages will keep you engaged and inspired. Here’s just one example to pique your interest, and you can check out the full Disrupt agenda here.

Curious about the future of flight? You won’t want to miss our Main Stage interview with Sebastian Thrun, CEO of Kitty Hawk. Thrun’s bona fides are nothing short of impressive. Through X, the Alphabet’s moonshot factory he founded, he helped take self-driving cars from theory to reality. He’s also co-founder and executive chairman of Udacity, the $1 billion online education startup. His current endeavor involves bringing two aircraft — the one-person Flyer and a two-person autonomous taxi called Cora — to market. We can’t wait to hear his take on the future of flight.

Curious about capital? Then head on over to the Extra Crunch Stage to hear John Geiger (John Geiger Company) and Kathryn Petralia (Kabbage) talk about alternative ways founders can raise cash without talking to investors. Say what?!

Curious about Startup Alley? Get a head start on your networking strategy by perusing our directory of startups exhibiting in Startup Alley. Be sure to stop by and meet our TC Top Picks — these 45 outstanding startups represent the best in their respective tech categories.

And of course, you won’t want to miss the Startup Battlefield. It’s a fast-paced pitch-a-thon featuring the very best early-stage startups. Watch them pitch and demo under pressure to a tough panel of expert tech and VC judges. Who will win the day — and the $100,000 prize?

Disrupt San Francisco 2019 takes place on October 2-4 — just one month away. But the early-bird pricing disappears promptly at 11:59 p.m. (PST) on September 6. Buy your discounted tickets now, save a bundle and we’ll see you in San Francisco.

Is your company interested in sponsoring or exhibiting at Disrupt San Francisco 2019? Contact our sponsorship sales team by filling out this form.

Continue reading
  12 Hits
Sep
08

Apple's rivals took 7 years to create their own version of one of the company's simplest, best features — but it still has a ways to go (AAPL, MSFT)

Joseph Gordon-Levitt is perhaps best known for his acting across films like “10 Things I Hate About You,” “500 Days of Summer” and “Snowden.” But times weren’t always peachy for Gordon-Levitt as a creative. After leaving the movie business to go to college, he realized the limits of the industry on his potential as a creative. He decided he wanted to take his creativity into his own hands and launched a message board where he’d post films, songs, etc.

But what started as a side hobby has turned into a production company in its own right, using technology to allow dozens of people to collaborate on a creative project. And, more importantly, it gives each contributor fair credit for their work, paying out individual creatives based on how much of their work was featured in the final product.

Obviously, it goes without saying that we’re thrilled to have Joseph Gordon-Levitt join us at TechCrunch Disrupt SF in October.

Far too rarely do we see creatives supported by the platforms where they post their work. With the current media landscape, and the ever-growing dominance of social media, the relationship between platform and creative is strained at best. And more importantly, it incentivizes all the wrong things.

From an interview in VentureBeat:

If what you’re going for is posting on YouTube, or Instagram, or platforms that monetize through the ad model, where they’re really just going for sheer volume and have the ability to manipulate people through ads, virality is the measure of success. And I think this is exactly at the heart of what’s interesting to me about doing [HitRecord]. I think if that is your measure of success, you’re going to undermine a lot of what’s actually meaningful and joyful about creativity. And I’m actually concerned for the human race’s creative spirit, because so much of our collective creativity is now destined for these platforms that are monetized by this sort of attention economy model. And it twists one’s understanding of one’s own creativity, and what the value of being creative is.

At Disrupt SF, we’ll discuss the growth of the HitRecord platform, plans for that fresh $6.4 million in Series A funding and how founders can seize this moment to provide collaborative tools that align creatives with the platforms they’re using.

Disrupt SF runs October 2 to October 4 at the Moscone Center in the heart of San Francisco. Tickets are available here.

( function() { var func = function() { var iframe = document.getElementById('wpcom-iframe-661cf9b1b8f85f5aae09b8946cafadba') if ( iframe ) { iframe.onload = function() { iframe.contentWindow.postMessage( { 'msg_type': 'poll_size', 'frame_id': 'wpcom-iframe-661cf9b1b8f85f5aae09b8946cafadba' }, "https:\/\/tcprotectedembed.com" ); } } // Autosize iframe var funcSizeResponse = function( e ) { var origin = document.createElement( 'a' ); origin.href = e.origin; // Verify message origin if ( 'tcprotectedembed.com' !== origin.host ) return; // Verify message is in a format we expect if ( 'object' !== typeof e.data || undefined === e.data.msg_type ) return; switch ( e.data.msg_type ) { case 'poll_size:response': var iframe = document.getElementById( e.data._request.frame_id ); if ( iframe && '' === iframe.width ) iframe.width = '100%'; if ( iframe && '' === iframe.height ) iframe.height = parseInt( e.data.height ); return; default: return; } } if ( 'function' === typeof window.addEventListener ) { window.addEventListener( 'message', funcSizeResponse, false ); } else if ( 'function' === typeof window.attachEvent ) { window.attachEvent( 'onmessage', funcSizeResponse ); } } if (document.readyState === 'complete') { func.apply(); /* compat for infinite scroll */ } else if ( document.addEventListener ) { document.addEventListener( 'DOMContentLoaded', func, false ); } else if ( document.attachEvent ) { document.attachEvent( 'onreadystatechange', func ); } } )();

Continue reading
  15 Hits
Sep
03

Book: Turning the Flywheel

I’m an enormous Jim Collins fan. It’s a special bonus that he lives in Boulder.

He just came out with a short monograph called Turning the Flywheel. It’s only 40 pages but stunningly good. In it, he dissects the concept of the flywheel, which he first described in his seminal book Good to Great.

Every CEO in our portfolio will be receiving a copy in the next month as part of our “book of the almost every month club.”

If you are a CEO trying to build an enduring company, get Turning the Flywheel now and read it this upcoming weekend.

Original author: Brad Feld

Continue reading
  13 Hits
Jun
17

Boomi CEO on integration platform-as-a-service in the cloud era

Our countdown to the super early-bird deadline and serious savings continues unabated, people! The best pricing for passes to Disrupt Berlin 2019 ends in four days. When the clock strikes 11:59 p.m. (CEST) on 6 September, your chance to save up to €600 evaporates. Save your euros for another day and buy your pass right now.

We expect more than 3,000 attendees from more than 50 countries, including European Union members, Israel, Turkey, Russia, Egypt, India, China and South Korea, to name just a few. If you’re a founder, there’s no better place to introduce your early-stage startup to the European and international startup scene.

If you’re an investor, you’ll find hundreds of dynamic early-stage startups exhibiting a wide range of tech products, services and platforms — not to mention a ton of talent — in Startup Alley. Talk about networking on steroids — and a prime opportunity to add to your portfolio.

Don’t just take our word for it. Vlad Larin, co-founder of Zeroqode found tremendous value in his Disrupt Berlin experience.

“TechCrunch Disrupt was a massively positive experience,” said Larin. “It gave us the chance to show our technology to the world and have meaningful conversations with investors, accelerators, incubators, solo founders and developers.”

And Jana Rosenfelder, co-founder of Actijoy, has attended three — count ’em, three — Disrupt conferences. She’s a true believer in the networking opportunities that await founders and investors alike.

“Every startup should attend TechCrunch Disrupt,” said Rosenfelder. “It’s absolutely worth the money, because you can network and make important connections.”

Rosenfelder exhibited as one of our TC Top Picks at Disrupt SF ’18 and called it a door-opening experience. We’re accepting applications to TC Top Picks at Disrupt Berlin right now. Apply right here for your chance to win a free Startup Alley Exhibitor Package, VIP treatment and tons of investor and media love.

That’s just a small sample of reasons to go to Disrupt Berlin. Don’t forget Startup Battlefield, the TC Hackathon and two full days of incredible speakers — leading founders, tech titans and top investors — boundary-pushers all. We’ll keep you posted on our growing roster in the coming weeks.

Disrupt Berlin 2019 takes place on 11-12 December, and you have just four days left to get super early-bird prices on your passes to this epic conference. The deadline strikes at 11:59 p.m. (CEST) on 6 September. Keep up to €600 in your pocket — buy your pass today.

Is your company interested in sponsoring or exhibiting at Disrupt Berlin 2019? Contact our sponsorship sales team by filling out this form.

Continue reading
  11 Hits