Aug
29

Launching from beta, ProGuides is making money ensuring that gamers never play alone

When ProGuides pulled the covers off of its service earlier this year, the young Los Angeles-based startup intended to give gamers a way to train with professional and semi-pro esports players from around the world.

But as users signed on to the service, it became clear that they weren’t looking for training necessarily… Instead, what players wanted was a ringer.

“After we launched the beta, we found some interesting user behavior,” says Sam Wang. “We found that gamers were experienced already and wanted experienced players who are better than [the matches] the game can provide… At the end of the day you do get to play with someone pretty awesome and is something that I think can make games better.

That’s right, ProGuides is pitching a marketplace for experienced gamers so that its customers aren’t randomly matched with some noob if they can’t game with their usual partners.

“Our tagline is ‘Play with pros’ now,” says Wang. “We already have over 5,000 sessions that were played in the last two months.”

The professional gamers who list their services on the site charge an average of $10 per session and ProGuides takes about a 25% cut. The company lowers its rates for popular gamers or gamers who are willing to spend more time on the platform either selling their services or actually coaching esports players.

Wang says that pros on the platform are making anywhere from $750 to $2,500 per month and that there are currently 250 coaches on the platform.

A typical session on ProGuides lasts around 45 minutes and players are available for Fortnite, League of Legends, Super Smash Brothers, CS:GO and Hearthstone.

ProGuides raised $1.9 million in pre-seed funding last June. The company is backed by Amplify, an LA-based early-stage investor and company accelerator, Quest Venture Partners, Greycroft Tracker fund and the GFR Fund.

The LA-based company also has some venture-backed competition on the East Coast. Gamer Sensei, which has raised roughly $6 million (according to Crunchbase) has a similar proposition. It’s backed by Accomplice and Advancit Capital.

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Oct
11

The Facebook engineer who wrote a controversial memo decrying the company's 'intolerant' culture is leaving (FB)

Juul Labs, the e-cigarette behemoth partially owned by Altria, has today announced a new POS age-verification system that it will require all Juul retailers to comply with by May 2021.

The Retail Access Control Standards program, or RACS for short, raises the standard for age-restricted POS systems, automatically locking the POS each time a Juul product is scanned until a valid, adult ID is scanned. The system also looks for bulk purchases (four four-count packs of Juul Pods is the legal limit for a single transaction) and locks when the fifth Juul Pod pack is scanned, automatically removing the fifth pack from the customer’s cart.

Thus far, more than 50 retail chains, which represents 40,000 outlets, have committed to switching over to RACS, with 7,000 stores in the process of switching now and 15,000 to have implemented the technology by 2019’s end. The deadline for switching over to the RACS system is May 2021, at which point Juul will only sell its products to RACS-compliant retailers.

The company recognizes that overhauling a POS can be costly and difficult, and is offering $100 million+ in incentives to retailers that switch over. For retailers with newer POS systems, the switch might only require a software update, while others may need to update their hardware, as well.

Now, the system isn’t foolproof. After an ID is scanned, all personal information is automatically deleted from the system, which means that bad actors/unauthorized resellers could amass a bulk amount of Juul products by visiting various stores or returning to the same store multiple times.

However, this is likely just the beginning for the RACS program, which for the first time gives Juul much more control around how their products move through the market, ultimately limiting the opportunity for Juul products to end up in the hands of minors.

Alongside the introduction of RACS, Juul is also expanding the Track & Trace program it piloted in April in the Houston area.

Track & Trace allows teachers, parents, law enforcement and otherwise responsible adults to log the serial number of confiscated Juul devices, giving Juul the information it needs to track that device through the supply chain and identify the store where it was sold.

Using Juul’s secret shopper program, the company can then specifically target those stores and shut down the illegal sale of Juul devices to minors.

Today, Track & Trace is expanding nationwide in the U.S.

While these are major steps in combating underage use of Juul products, the company itself admits that it believes youth vaping numbers will continue to rise.

From the release:

It is our expectation that this year’s survey, unfortunately, will likely show continued growth in youth use of vapor products in the U.S. If this turns out to be the case, it will be due in part to the fact that:

When this year’s NYTS data was collected, T21 laws were being passed in a dozen states but had not been implementedLittle to no category-wide actions have been taken as FDA is finalizing its guidance that, once implemented, should impose additional restrictions on the sale and marketing of certain flavored vapor products — actions that we voluntarily imposed on ourselves last November

In November 2018, Juul announced its Youth Prevention Plan ahead of the FDA’s crackdown on e-cig products. It included the ban of flavored Juul pod sales in convenience stores and other Juul-approved retailers, limiting the sale of non-tobacco and non-menthol flavored pods to its online storefront. Juul says this represented 50% of its revenue at the time. The company also took down its Facebook and Instagram pages, and revamped its Twitter to ditch any promotional or marketing content from the platform.

Still, even with the many steps the company has taken to limit youth use of the product, one of Juul’s biggest obstacles is the sale of counterfeit and infringing products, which may include dangerous and/or unknown chemicals. The company hired former Apple employee Adrian Punderson to help lead the fight against counterfeits.

As of December 2018, Juul was reportedly valued at $38 billion, estimated to own more than 70% of the e-cig market.

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May
03

Should Alarm.com Follow a PaaS Strategy? - Sramana Mitra

If you think about the traditional hotel business, there hasn’t been a ton of innovation. You mostly still stand in a line to check in, and sometimes even to check out. You let the staff know about your desire for privacy with a sign on the door. Mews believes it’s time to rethink how hotels work in a more modern digital context, especially on the administrative side, and today it announced a $33 million Series B led by Battery Ventures.

When Mews founder Richard Valtr started his own hotel in Prague in 2012, he wanted to change how hotels have operated traditionally. “I really wanted to change the way that hotel systems are built to make sure that it’s more about the experience that the guest is actually having, rather than facilitating the kind of processes that hotels have built over the last hundred years,” Valtr told TechCrunch.

He said most of the innovation in this space has been in the B2C area, using Airbnb as a prime example. He wants to bring that kind of change to the way hotels operate. “That’s essentially what Mews is trying to do. [We want to shift the focus to] the fundamental things about why we love to travel and why people actually love to stay in hotels, experience hotels, and be cared for by professional staff. We are trying to do that in a way that that actually delivers a really meaningful experience and personalized experience to that one particular customer,” he explained.

For starters, Mews is a cloud-based system that automates a lot of the manual tasks, like room assignments that hotel staff at many hotels often still have to handle as part of their jobs. Valtr believes by freeing the staff from these kinds of tedious activities, it enables them to concentrate more on the guests.

It also offers ways for guests and hotels to customize their stays to get the best experience possible. Valtr says this approach brings a new level of flexibility that allows hotels to create new revenue opportunities, while letting guests choose the kind of stay they want.

From a guest perspective, they could by-pass the check-in process altogether, sharing all of their registration details ahead of time and getting a pass code sent to their phone to get into the room. The system integrates with third-party hotel booking sites like Booking.com and Expedia, as well as other services, through its open hospitality API, which offers lots of opportunities for properties to partner with local businesses.

The company is currently operating at 1,000 properties across 47 countries, but it lacks a presence in the U.S. and wants to use this round to open an office in NYC and expand into this market. “We really want to attack the U.S. market because that’s essentially where most of the decision makers for all of the major chains are. And we’re not going to change the industry if we don’t actually change the thinking of the biggest brands,” Valtr said.

Today, the company has 270 employees spread across 10 offices around the world. Headquarters are in Prague and London, but the company is in the process of opening that NYC office, and the number of employees will expand when that happens.

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Aug
29

Veeva is Cashing in on Vault Products - Sramana Mitra

According to a Global Market Insights report, the global healthcare cloud computing market is estimated to grow 15.5% annually over the next few years to reach $55 billion by 2025. Pleasanton,...

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Original author: MitraSramana

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Sep
08

A Silicon Valley stylist reveals which women's brands she's choosing right now

Vedantu, a Bangalore-based startup that operates an online tutoring service, today announced it has raised $42 million as it races to expand its reach in the nation where tens of millions of students enter formal education and prepare for undergraduate-level competitive exams each year.

The Series C financing round for the five-year-old startup was led by Tiger Global and WestBridge Capital, with existing investors Accel, Omidyar India and TAL Education and Vedantu co-founders also participating. The startup has raised $58 million to date.

Vedantu offers a mix of recorded and live and interactive courses. Students who have enrolled for the interactive sessions are required to answer questions every few minutes by tapping on their smartphone screen. They also can raise their doubts at the end of the session.

The startup, which serves students aged between 12 to 18 (serving students in grade 6 to 12), offers a large catalog of recorded sessions at no charge to users. It generates revenue from selling subscriptions to live and interactive sessions, Vamsi Krishna, co-founder and CEO of the startup, told TechCrunch in an interview.

The cost of these subscriptions can vary from Rs 100 ($1.4) for students looking for sessions around a particular topic, to Rs 50,000 ($700) for long-term courses that focus on training students for undergraduate-level courses, Krishna explained.

More than 1.5 million students consume educational videos on Vedantu each month, of which 30,000 are paying subscribers. The platform has amassed users from more than 30 nations, mostly those of Indian diaspora.

As part of the offering, Vedantu also tracks how much time a student takes in answering questions to determine the topics that they might be struggling to grasp. It then challenges students to solve more problems from those topics and alerts the teachers and their assistants to follow up, Krishna said.

Additionally, teachers take frequent breaks to check with students if they understood the topic. If a substantial number of students say they have doubts, teachers share more examples to explain the subject again.

Students also get to interact with teachers throughout the session via chat and their microphones. Krishna said these offerings are necessary to better coach students. It also differentiates Vedantu from other edtech startups in India.

Before starting Vedantu, Krishna, who is a teacher himself, ran Lakshya Institute, which helped students prepare for undergraduate-level courses until early 2014, before selling a majority stake to Mumbai-based K-12 tutoring and test preparation firm MT Educare.

From right to left: Vamsi Krishna, CEO and co-founder; Anand Prakash, co-founder; and Pulkit Jain, co-founder and head of product.

He said he will use the fresh capital to broaden the startup’s engineering team and product offerings, and find more customers. Because Vedantu does not rely on previously recorded footage, scaling it could prove challenging.

The startup is not looking to aggressively expand its courses and its current live format will enable it to allocate more students in a session, Krishna said.

Vedantu competes with a number of local players, including unicorn Byju’s, which is widely believed to be the largest edtech startup in the world with its valuation ballooning close to $6 billion. Byju’s, which has more than 2.4 million paid subscribers (and over 30 million users), offers courses for students in kindergarten to year 12, in addition to those preparing for competitive undergraduate-level courses.

Unacademy, another edtech startup in India, has amassed over 10,000 registered educators and 13 million learners. It recently raised a $50 million round.

India has the largest population in the world in the age bracket of 5 to 24 years. The education space in the nation is estimated to grow to $35 billion in the next six years.

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Sep
08

A Harvard grad was the first employee at buzzy credit card startup Brex and says the experience was better than any MBA program she could have taken.

Kaszek Ventures, the investment firm that has been one of the primary architects of the recent boom in startup financing and growth in Latin America, has just raised $600 million across two new funds.

The new commitments (raised in roughly two months) put Kaszek’s total capital under management at roughly $1 billion, making the firm the first local early-stage investor to hit that milestone.

In the eight years since Hernan Kazah and Nicolas Szekasy launched Kaszek Ventures in 2011, the startup ecosystem in Latin America has experienced a renaissance, with investments in the region surging to nearly $2 billion in 2018.

Much of that growth has come on the back of Kaszek portfolio companies like Gympass, the provider of corporate-sponsored gym memberships and perks; Konfio, the Mexican small business lending platform; Nubank, the Brazilian consumer credit company now worth roughly $10 billion; and Loggi, the Latin American logistics company with the billion-dollar valuation.

For Kazah and Szekasy, the growth of their nearly eponymous venture fund marks a successful reinvention of two of the most prominent executives of Latin America’s most highly valued tech startup, MercadoLibre.

The former chief operating officer and chief financial officer of the region’s leading e-commerce marketplace initially launched their firm to see if they could replicate their success as entrepreneurs from the other side of the table and bring the expertise and wisdom they’d amassed from their time running what is now a $29.2 billion company (by market capitalization).

“We thought we could identify many more MercadoLibres and identify teams that were outstanding and would have a very ambitious vision in a very large market,” says Szekasy. “I thought I could have more impact if I moved and started working on the investing side.”

The first fund was a relatively modest $95 million investment vehicle, but one of its first investments would go on to show the potential for outsized returns that existed in the Latin American market. That company would be Nubank, and Kaszek was among the first money into the company (alongside Sequoia Capital) when it was little more than a pitch deck and an entrepreneur — David Velez.

“They had very relevant experience in scaling a tech company to multiple countries in the region,” says Velez of the decision to take cash from Kaszek. In the early days, the firm’s partners were involved in all stages of the company’s growth, from helping recruit talent like country managers in different regions to localizing the pitch for different countries. “They were very active also and continue to be very active around marketing and product. They helped us develop our first website and craft our pitch to consumers and eventually develop a lot of the digital marketing muscle,” Velez says. 

The local knowledge that Kaszek provided was a great complement to the global perspective that Sequoia brought to the table, says Velez.

For Matias Muchnick, co-founder and chief executive of NotCo, the experience of Kaszek’s founders and the breadth of their network provided incalculable help as the company expanded beyond Chile to Latin America more broadly — and as it was fundraising.

From a Kaszek-sponsored retreat at Stanford University, Muchnick was introduced to a professor who became an advisor to the company. The professor then put Muchnick in touch with Bezos Expeditions through a connection, and the firm wound up investing.

Nubank may have been the firm’s first success story to come from its portfolio, but Kaszek would notch multiple other wins from its later funds.

Standouts from the firm’s $200 million third investment vehicle include NotCo, a new food company working on a range of products, from vegetarian ice cream and mayonnaise to replacement meat patties. That company managed to attract the attention of Jeff Bezos and his Bezos Expeditions investment fund. Two other standouts in Mexico are Kavak, a car marketplace, and Credijusto, an online lending company that raised $42 million from Goldman Sachs and other investors earlier today

Now the firm has added to its firepower with the close of a $375 million main fund and its first “Opportunity Fund,” a $225 million investment vehicle that will enable the company to maintain its stakes in later-stage companies as they raise increasingly large rounds.

Kazah expects that the firm will invest a bit larger amounts in roughly the same number of companies, with the fund making between 25 and 30 new investments, he said.

And increasingly large rounds are becoming the norm in Latin America, just as in other rapidly maturing technology ecosystems.

Chart courtesy of Crunchbase News

That rapid growth has been parlayed into returns that represent an 8x multiple on invested capital for the first Kaszek Ventures fund, a 5x multiple on the second fund and a 2x return for the firm’s third fund already, according to a person familiar with the firm. 

“We have been investors in Kaszek Ventures since 2011 and are thrilled to continue this partnership” said Du Chai, managing director at Horsley Bridge Partners, in a statement. “Kaszek has been a top performer while building a great platform with talented individuals.”

In part, Kaszek’s success is an extension of broader macroeconomic trends that were bound to transform the region, according to Szekasy.

“We were looking at Silicon Valley and looking at what was happening in China and saw that Latin America was a very large region with a large population and GDP and the right demographics and a fast pace of adoption of new technologies,” says Szekasy.

One of those new technologies that helped speed up the adoption of new technology services across Latin America was the rollout of 4G, says Kazah.

The mobile internet was always going to be the way that Latin Americans went online, thanks to the penetration of mobile phones across the continent. But high-speed internet transformed the types of companies and services that could be on offer, Kazah says.

“In 2011 we had 10% 4G penetration… now more than 90% of the cell phones purchased have been cellphones with 4G access,” according to Kazah. “That really changed the entire ecosystem… companies can aspire to have more sophisticated products… in the last couple of years they started to accelerate their growth… We finally got to a point where there’s critical mass.”

Not only has the technology improved, but increasing political stability and the rise of a middle class market in countries like Colombia and Mexico mean that there’s more opportunities for new businesses in countries across the continent.

Brazil has always been an economic powerhouse, but now Mexico, Colombia and even countries like Argentina and Chile are showing signs of increasingly vibrant startup ecosystems.

Attention from international investors is also helping to drive the region to new heights. Earlier this year SoftBank announced that it would create a new Latin America fund, with $5 billion to invest in startup companies. DST and Tiger Global are also active investors in the region.

“One of the reasons Latin America was lagging was that the region was not at a critical mass inflection point technologically, but it was also the lack of capital,” says Kazah. “SoftBank on the one hand provides capital but on the other hand it has opened the eyes of others as well.”

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Aug
29

Thought Leaders in Online Education: Gregory Marino, CEO of Kaplan Higher Education (Part 2) - Sramana Mitra

Sramana Mitra: Break it down for me a little bit. Talk about departments within Purdue that are using this. How is it getting rolled out to the broader Purdue community? You said it went to 30,000...

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Original author: Sramana Mitra

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Mar
17

Xero Focuses on a PaaS Strategy - Sramana Mitra

Brilliant ideas, founders, entrepreneurs and early-stage startups know no borders — they come from every corner of the world. Consider this your invitation to showcase the amazing early-stage startups in your country at Disrupt Berlin 2019 on 11-12 December.

How? Secure a Country Pavilion located within Startup Alley, the exhibition floor and the very heart of any Disrupt event. We’re searching for delegations of international startup groups, government innovation centers, incubators and accelerators. We’re talking people who want to promote their emerging startups and establish their reputations as world-class leaders in tech innovation.

Thousands of attendees make a beeline for Startup Alley to explore and meet the hundreds of early-stage startups displaying their latest in products, platforms and services. Among those attendees you’ll find investors eager to add to their portfolios, 200 media outlets hunting for great stories and potential customers and collaborators. Hello, opportunity!

How do you qualify for a Country Pavilion? The early-stage startups in your delegation must be less than two years old and have secured less than $2.5 million in funding. If you can leap that low bar, send our event team an email at This email address is being protected from spambots. You need JavaScript enabled to view it.. Tell us about your delegation and where you’re from, and we’ll provide more information about the application process.

Startup Alley is a networking dream come true, and we’ve got just the tool to help you find, connect and schedule meetings with the people (like investors) who can help move your business forward. We’re talking about CrunchMatch of course. Our free business match-making platform cuts through the noise and helps you find the right people.

How does it work? When the platform goes live (don’t worry, we’ll notify you), simply create a profile with your specific criteria, goals and interests. The CrunchMatch (powered by Brella) algorithm shifts into high gear to find like-minded startuppers. The platform suggests matches and, subject to your approval, proposes meeting times and sends meeting requests. That was easy.

Oh, and in case you were wondering — you can exhibit in Startup Alley even if you’re not part of a country delegation. Simply purchase a Startup Alley Exhibitor Package for €745 + VAT. And that price includes three Founder passes. Sweet!

Bring your international delegation to Disrupt Berlin 2019 on 11-12 December, claim your Country Pavilion in Startup Alley and show the world the brilliant, emerging startups in your country. This email address is being protected from spambots. You need JavaScript enabled to view it. — we can’t wait to see you in Berlin.

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

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Dec
07

Thought Leaders in Healthcare IT: Mark Redlus, CEO of Tridiuum (Part 3) - Sramana Mitra

Indulge us as we paraphrase the song, Anything You Can Do from the movie, “Annie Get Your Gun.” Anything you can code, I can code better. I can code anything better than you.

If that describes your skills and attitude, it’s time — as we say in the States — to put up or shut up. We’re calling all code slingers to take part in the TC Hackathon at Disrupt Berlin 2019. We’re limiting participation to 500 people, so don’t wait. Apply here today.

Oh, and it doesn’t cost anything to apply or participate. In fact, we give you a free Innovator pass to attend the show.

What’s at stake? Along with your reputation, you have a shot at winning a $5,000 prize from TechCrunch for the best overall hack. Plus, you and your team (either the one you bring or the one you find onsite) will choose one of several sponsored challenges — each one offering its own cash and prizes.

We’ll make an official announcement about specific sponsors and contests, but last year’s sponsored contests, prizes and winners will give you a sense of the kind of projects to expect.

Teams have just 36 hours to design, create and code a working solution to a real-world problem. It’s not easy — you’ll be tired, stressed out and probably a tad cranky. But we’ll keep you fed, watered and hopped up on caffeine for the duration.

The first round of judging will no doubt remind you of your high school science fair…only with bigger stakes. Judges will select just 10 teams to move into the finals, which take place on day two. Those teams will have just two sleep-deprived minutes to present and pitch their project on the Extra Crunch Stage.

After the judges confer, the individual sponsors will announce their winners and award their prizes. Then TechCrunch will select its choice for best overall hack — and award that team one of those oversized checks for $5,000.

TC Hackathon takes place during Disrupt Berlin 2019 on 11-12 December. Don’t miss your chance to strut your stuff, build something amazing and take home some serious ka-ching. Apply to the Hackathon today.

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

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Jun
16

To win post-pandemic, startups need remote-first growth teams

Koru Kids, the London-based startup that helps you find and manage childcare, has raised £10 million in new funding to scale its platform.

The Series A round is led by Atomico, with Atomico partner Niall Wass joining the company’s board. Also participating are previous investors AlbionVC, Forward Partners, Samos, JamJar, Rocket Internet’s Global Founders Capital and 7Percent. It brings the total amount raised by Koru Kids to £14.1 million.

“Childcare is exhausting and difficult to arrange: for many families it’s hard to find the right thing at all, and for nearly everyone it’s excruciatingly expensive,” says Koru Kids founder and CEO Rachel Carrell (who has a doctorate from Oxford and previously worked at McKinsey!).

“Parents need affordable, flexible childcare to allow us to carry on in our careers but it’s very hard to find. Nurseries close early, childminders are in short supply and neither option copes well with parents finishing at 5pm one day and 10pm the next. Once I realised that there were so many people struggling with the same issues it gave me the impetus to quit my job and to create Koru Kids.”

The resulting childcare platform is described by Carrell as a “full stack” product that sees Koru Kids recruit, train, match and provide ongoing support and training to its nannies. At its core it aims to simplify the lives of working parents.

“Our platform takes care of taxes, payroll, pension, holiday, nanny communications, activity ideas and a dozen other things that can come up when you’re dealing with nannies,” she tells me. “We also help parents share nannies, so one nanny takes care of children from two different families at once. That brings down the cost for families, the nanny gets paid more and the children have a friend to play with.”

More broadly, Carrell says society should think of childcare as essential infrastructure for modern living. “If a third of London didn’t have water or roads, we’d consider that a major failing of essential infrastructure,” she argues. “As it turns out, one-third of London schools don’t have an after-school club. We need to start respecting childcare as the essential infrastructure that it is.”

Typical Koru Kids customers are described as working parents with children aged 4-10 years old who may not have access to a suitable after-school club or want to provide a broader range of after school activities for their kids.

“Before Koru Kids, the only option for these people was a full time nanny — which is incredibly expensive — or an au pair, which many people don’t have an extra bedroom for or don’t want in their house,” says Carrell.

Exact competitors are hard to pin down as Koru Kids incorporates several different services, each with specific competitors. They include payroll agencies, training businesses, nanny agencies, after-school clubs, Gumtree and other listings sites.

“The key difference is that none of them provide a seamless service as we do,” claims the Koru Kids founder. “We train our nannies ourselves, which is completely unique in the market; we do all the payroll, pension and other paperwork as well as the recruitment of nannies, and we are tech-led, using our own software, which means we can be more efficient.”

Meanwhile, the Koru Kids revenue model sees the company take a commission per hour. Rather than the large upfront fees a nanny agency typically charges, Carrell says she has deliberately tried to align the startup’s interests with that of parents using the platform.

“If a match doesn’t last very long, Koru Kids is out of pocket; I think that’s as it should be,” she tells me. “We should only win when the parents win. That incentive structure means that every day our team comes to work and thinks about how to make the best possible matches, and what product to build to help our nannies get better and better each day.”

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Mar
15

The life and rise of Lilly Singh, the YouTube star who now hosts her own late night show and is now worth over $10 million

Residently, the U.K.-based “proptech” startup that is building a platform to improve the rental experience, has picked up £7 million in seed funding. Backing comes from Felix Capital, LocalGlobe and A/O PropTech, along with a number of the startup’s existing angel investors.

The new funding will be used to grow the startup’s engineering and product teams, and to continue building out Residently’s rental portfolio in London and New York. On the product side, a number of extra services will also be added to the company’s “Living” platform, which offers things like cleaning and ironing, storage, contents insurance and furniture rental.

“Residently is building the world’s rental brand with a platform for rental properties designed around the needs of the renter,” says co-founder and CEO Tom Allason, who previously founded and exited Shutl to eBay.

“Residents enjoy a seamless digital rental experience, can choose their move-in date, a furniture package, cleaning service and move seamlessly from property to property within the network. Property owners benefit from reduced void periods and lower fees than traditional agents.”

At the heart of Residently is a mission to “digitise” the rental experience through clever use of technology, coupled with a consumer-friendly mindset, in order to upgrade the experience of renting.

The platform lets renters search for properties, arrange viewings, take virtual tours, fill in forms, submit references and pay deposits via a mobile app. Broadband and other utilities are set up in advance and the startup promises flexible move-in dates. Residently’s add-on services include help with moving, storage, furniture rental, cleaning and digital locks — again, all managed via the app.

For landlords, Residently offers a property management service for viewings, paperwork, property maintenance and renewals. As part of its marketing package, Residently will individually style and furnish a property to help potential renters visualise “exactly how their home could look,” says the company.

“We compete for supply with estate agents (e.g. Foxtons, Savills, Countrywide) as well as to a lesser extent serviced apartment providers who are taking residential properties off market,” says Allason. “We look at the renter as our customer rather and seek to develop that relationship over multiple tenancies and properties which we can monetise with services.”

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Aug
28

Bestmile raises $16.5 million to manage human and AI-driven fleets

Bestmile, a transportation software startup, has raised $16.5 million in a Series B round led by Blue Lagoon Capital and TransLink Capital.

Existing investors Road Ventures, Partech, Groupe ADP, Airbus Ventures, Serena and others also participated in the round. The company, which launched in 2014, has raised $31 million to date.

Bestmile has developed fleet management software that orchestrates the delicate balance between demand for, and supply of transportation. Managing fleets isn’t new. However, the emergence of new and varied ways for people and packages to move within cities has created new opportunities for software companies.

Bestmile is aiming to become the preferred platform for public transit operators, automakers and taxi companies that offer ride-hailing, microtransit, autonomous shuttle services and even robotaxis. While Bestmile emphasizes the ability of the platform to manage more futuristic means of travel, namely autonomous shuttles, fleet management software is designed to be agnostic. This means it will work for human-driven fleets like traditional taxi cabs as well as autonomous shuttles and, someday, robotaxis.

The startup’s investors also see opportunities for the platform that extend beyond microtransit, ride-hailing and autonomous shuttles. For instance, Airbus Ventures sees Bestmile as a key enabler for urban air mobility, according to Thomas d’Halluin, a managing partner at the Airbus’ venture arm.

The platform works by collecting real-time data such as weather, traffic, demand and vehicle telemetry. It then uses the data to squeeze the most out of the fleet. That means balancing demand from customers with the cost of operations.

The startup, which is based in Lausanne, Switzerland and has an office in San Francisco, already has a number of customers, including autonomous shuttle operators. The company’s software is managing 15 deployments globally. Bestmile announced earlier this week that it has partnered with Beep, an autonomous shuttle company in Orlando, Fla.

Blue Lagoon partners Rodney Rogers and Kevin Reid have joined Bestmile’s board. Rogers is now board chairman. The pair, which have first-hand experience as co-founders, should be able to provide the kind of insight needed to scale a company. Rogers and Reid co-founded enterprise cloud services company Virtustream, which was acquired by EMC Corporation in 2015 for $1.2 billion. The business is now part of Dell Technologies.

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Mar
15

From healthcare and Wall Street to Silicon Valley and space exploration, here's a breakdown of how the coronavirus is upending every industry

It’s a countdown to savings, startup fans. Calculate it any way you like — 72 hours, 4,320 minutes or 259,200 seconds — you have just three days left to save up to $1,300 with early-bird pricing on passes to Disrupt San Francisco 2019. The deadline strikes at exactly 11:59 p.m. (PST) on August 30. Buy your early-bird pass right now and save.

One of the many reasons Disrupt SF draws more than 10,000 people from around the world is to hear an impressive array of speakers — leading experts and top players in the startup world. They’ll address crucial topics like security and the challenges of protecting your most valuable asset: your customers and their data.

That issue applies to startups and multinationals alike, and we’re thrilled to have Google’s Heather Adkins, IOActive’s Jennifer Sunshine Steffens and Duo’s Dug Song join us to discuss how to build a secure startup from the ground up without slowing growth. That’s just one example — you can peruse the Disrupt agenda here.

Need more reasons to attend Disrupt SF on October 2-4? Let us count the ways. Networking — with more than 1,200 early-stage startups and sponsors exhibiting in Startup Alley, you’ll find opportunity upon opportunity to build your network. Whether you’re an investor hunting for a startup to round out your portfolio, a founder in search of an angel or a software engineer cruising for a new gig, Startup Alley is your networking mecca.

Want to prepare ahead of time? We’ve got you. Search our directory of startups exhibiting in Startup Alley. Then be sure to take advantage of CrunchMatch, our free business-matching platform. Once you fill out your profile, CrunchMatch automatically matches companies based on mutual business interests and goals. It suggests meetings and sends out invitations (which recipients can easily accept or decline).

Don’t miss the always-epic Startup Battlefield. We have a fierce cadre of early-stage startups ready to take the Main Stage to launch, pitch and demo their product to the world and a tough panel of judges. Oh yeah — they’re also competing for $100,000 and a chance to change the trajectory of their business. It’s a live-action thrill ride and an opportunity to see the next generation of household tech names — it can and has happened. Fitbit, Mint, Box and a host of other companies launched at a TechCrunch event.

Disrupt San Francisco 2019 takes place October 2-4, but you have only three days left to take advantage of our early-bird pricing and save up to $1,300. Don’t waste time counting the minutes. Buy your tickets before the deadline hits at 11:59 p.m. (PST) on August 30. We can’t wait to 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.

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Aug
28

1Mby1M Virtual Accelerator Investor Forum: With Alain le Loux of Cottonwood Technology Fund (Part 3) - Sramana Mitra

Sramana Mitra: What differences are you seeing in the trends in Europe versus America? Alain le Loux: For follow-on rounds in the US, the money is easier than in Europe. In Europe, only less than 10%...

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Original author: Sramana Mitra

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Aug
28

Mental Health Hints for Entrepreneurs

Recently, I read a well-written article in Fast Company by Jon Dishotsky titled We need to be more honest about what tech culture is doing to our mental health.

In it, he had a list of lessons he has learned over the years.

Look out for your wake-up callCreate routines that prioritize mental healthWork in line with your body’s rhythmMake time for silenceFind space to unplugGive your emotions creditCultivate (and listen to) your inner circle

These mental health suggestions are all right on the money. I encourage you to go read the article if this is a topic that interests you.

Original author: Brad Feld

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Aug
28

VMWare’s Shopping Spree Fails to Impress the Stock Market - Sramana Mitra

Virtualization infrastructure provider VMWare (NYSE:VMW) has gone on a massive shopping spree to expand its cloud portfolio. Within the last few months, VMWare has made several big acquisitions to...

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Original author: MitraSramana

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  46 Hits
Aug
28

Thought Leaders in Online Education: Gregory Marino, CEO of Kaplan Higher Education (Part 1) - Sramana Mitra

Purdue University has recently acquired Kaplan Higher Education, one of the pioneers in online learning. Read on to understand why. Sramana Mitra: Let’s start by introducing our audience to you as...

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Original author: Sramana Mitra

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Aug
28

452nd 1Mby1M Entrepreneurship Podcast With Sean Dawes, Modded Euros - Sramana Mitra

Sean Dawes, Co-founder at Modded Euros, discusses the state of the union in niche e-commerce startups in the shadow of Amazon’s dominance.

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Original author: Sramana Mitra

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Dec
02

Innovation and disruption: Forces Turned on and off by human beings - Sramana Mitra

About one-fourth of the startups in Y Combinator’s summer batch had a female founder. Not the most disappointing statistic if you consider this: Companies with at least one female founder have raised only about 11% of venture capital funding in the U.S. in 2019, according to PitchBook. Companies with female founders exclusively have raised just 3%.

There is so much room for improvement.

To close the funding gap, programs tailored to female entrepreneurs are working tirelessly to mentor and incubate upstarts in hopes of impressing venture capitalists. Ready, Set, Raise, an accelerator program built for women, by women, is amongst the new efforts to help female and non-binary founders raise more dollars, or, at the very least, build relationships with investors.

The accelerator program, created by the Seattle-based network of startup founders and investors called the Female Founders Alliance, is today announcing its second batch of companies, a group that includes a sextech business, an AI-powered tool for podcasters and a line of workwear created for women who work on farms, construction sites and factory floors.

Ready, Set, Raise has partnered with Microsoft for Startups to provide entrepreneurs $120,000 in Azure credits, as well as technical and business mentoring from executives of the Redmond-based software giant. Other new partners include Brex and Carta, two well-funded companies that plan to lend the support of their executives to teach entrepreneurs about startup finance, valuation and fundraising terms. 

“Both FFA and Microsoft recognize a major lapse in opportunities given to women and non-binary founders,” writes Ian Bergman, a managing director of Microsoft for Startups, in a statement. “We look forward to our continued work together to promote this necessary shift in the VC landscape.”

FFA’s founder and chief executive officer Leslie Feinzaig, who launched the organization in 2017, has been an outspoken advocate of diversity in entrepreneurship and venture capital, and well as providing awareness and resources for founders who are also parents.

“My experience fundraising was undeniably shaped by the fact that I am a woman, and at the time was a new mom,” Feinzaig, who previously founded an edtech startup, told Seattle Business Magazine earlier this year. “A year later, I was about to give up. Instead, I started a Facebook group, including all of the founders and tech startup leaders I knew. It was the group that I needed, made up of people who knew exactly what I was going through. That’s how the Female Founders Alliance was born.”

 

FFA’s Ready, Set, Raise provides its companies childcare throughout the six-week program, in which companies work one-on-one with experienced coaches ahead of a demo day that will take place on October 16th. 

Here’s a look at Ready, Set, Raise’s sophomore class of startups:

Echo Echo: AI-powered tools for podcasters.Give InKind: Coordinates support through major life events.Honistly: A provider of extended auto warranties to help with short-term cash needs.Juicebox It: Modernizes erotica with a chatbot that is arousing and educational. Panty Drop: A personalized intimates shopping experience for women sizes XS-6XL.  The Labz: A platform that protects and memorializes creative content development in real time.Tougher: Functional, well-fitted workwear for women in the skilled trades. 

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Aug
27

Airship acquires A/B testing company Apptimize

Airship announced today that it has acquired Apptimize, an A/B testing company whose customers include Glassdoor, HotelTonight and The Wall Street Journal.

Formerly known as Urban Airship, the more concisely named Airship has built a platform for companies to manage their customer communication across SMS, push notifications, email, mobile wallets and more.

It says that by acquiring Apptimize, it can help customers test the impact of their messages. That means integrating Apptimize’s testing capabilities into the Airship platform, but the company says it will also continue to support Apptimize as a standalone platform.

“By combining Apptimize mobile app and web testing with Airship’s deep insight into customer engagement across channels, marketers and developers can focus innovation on the most critical areas while creating the seamless end-to-end experiences customers really want,” said Airship president and CEO Brett Caine in a statement.

The financial terms of the acquisition were not disclosed. Apptimize had raised a total of $18.6 million from US Venture Partners, Costanoa Ventures and others, according to Crunchbase.

Airship says it will be bringing over 19 Apptimize team members (a little less than two-thirds of the startup’s total workforce) across engineering, customer service and sales.

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