Aug
05

Data-driven events discovery and planning startup Fever raises $35 million led by Rakuten

Fever, a startup that uses proprietary algorithms to help companies plan events, announced today that it has raised $35 million led by Rakuten Capital, the investment arm of Japanese internet giant Rakuten . Other investors in the round, which brings Fever’s total raised to $70 million, included Atresmedia, Accel and Michael Zeisser, the former chairman of U.S. investments for Alibaba Group. Zeisser will also join Fever’s board.

Based in Madrid and London, Fever’s app generates personalized events listings for users and feeds into its Secret Media Network, which also collects user data from the company’s social media channel. The anonymized data is then analyzed using Fever’s algorithms to help companies plan events like “The Alice in Wonderland MaddHatter G&T” in Hollywood, the Halloween-theme “House of Spirits in Los Angeles and “Candlelight Concerts,” classical music shows aimed at young audiences.

The company now claims 25 million unique users per month across its main markets in London, New York, Paris and Madrid, and plans to use its new funding to expand into new cities.

In an email, Fever CEO Ignacio Bachiller told TechCrunch that Fever plans to expand into Chicago and Barcelona next (it launched in Paris, Los Angeles, Lisbon and Manchester last year). Then it will launch in new markets every couple of months, mostly in the United States and Europe this year and also in Asia next year. He added that one way Fever differentiates from other event discovery platforms is that it does not focus on discount-driven events and that there is no other platform currently “using firsthand discovery behavioral data to inform what new experiences to create by predicting demand. Basically, there is no Netflix for experiences.”

Bachiller also says that Fever may potentially collaborate with other Rakuten portfolio companies to help SMBs increase engagement with their customers.

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Aug
05

The founder of 8chan, the anonymous online messaging board that's a haven for extremist content, calls for the site to be shut down

The founder of 8chan, an internet messaging board that is a haven for extremist content online, is calling for the site to be shut down in the wake of a mass shooting in El Paso, Texas which left 20 people dead and dozens more injured.

Fredrick Brennan, a software developer who founded the site in 2013 but cut ties with it in December, told the Washington Post on Sunday that the site is a "receptive audience for domestic terrorists."

"Once again, a terrorist used 8chan to spread his message as he knew people would save it and spread it," Brennan told the Post. "The board is a receptive audience for domestic terrorists."

He added that the site's owners should "do the world a favor and shut it off."

Brennan's comments come as authorities say they are investigating an anti-immigrant manifesto which circulated online in the hours before the deadly El Paso shooting. El Paso Police Chief Greg Allen told reporters on Saturday that they are working to determine whether the suspected shooter had penned the racist document.

Police identified the suspect as a 21-year-old white male from Allen, Texas. The manifesto expresses discriminatory views towards Hispanic people and conveys a fear that Hispanic people would take over Texas and turn the state into a "Democrat stronghold."

A Justice Department official said the case was being treated as a "domestic terrorist" case. Another mass shooting occurred in Dayton, Ohio just hours after the El Paso attack, and left 9 dead and 27 wounded.

Read more: Authorities are investigating an anti-immigrant manifesto they believe the El Paso shooting suspect may have written

Brennan had previously spoken out against 8chan in March in the wake of the deadly shooting in Christchurch, New Zealand which left 51 people dead and 49 others injured. The suspected shooter, a 28-year-old white male, penned a 74-page racist manifesto in the hours leading up to the attack. He has not been formally identified.

"It was very difficult in the days that followed [the Christchurch shooting] to know that I had created that site," he told the Wall Street Journal in March. "It wouldn't surprise me if this happens again."

Brennan on Twitter said racist manifestos are often posted and spread on 8chan because the site utilizes a "receptive, sympathetic audience" that helps proliferate content, and moderation on the site is "lax to non-existent," allowing hateful content to percolate without consequence.

Flowers and mementos are seen at a makeshift memorial outside Walmart, near the scene of a mass shooting which left at least 20 people dead, on August 4, 2019 in El Paso, Texas. Mario Tama/Getty Images

CloudFlare, on online security service that hosted 8chan on its network, announced on Sunday night it would be terminating its service with 8chan in response to the shootings.

"We just sent notice that we are terminating 8chan as a customer effective at midnight tonight Pacific Time," Matthew Prince, the co-founder and CEO of CloudFlare, wrote in a blog post on Sunday evening. "The rationale is simple: they have proven themselves to be lawless and that lawlessness has caused multiple tragic deaths."

The service cited the manifesto posted before the El Paso shooting, along with bigoted content posted to the site which praised the Christchurch shooting and an "open letter" posted to the site by the gunman who opened fire in a California synagogue in April, as reasons to terminate its involvement with the site.

"8chan has repeatedly proven itself to be a cesspool of hate," Prince wrote.

CloudFlare explained that while terminating its services with 8chan may cause temporary disruption to the site's operations and may leave it vulnerable to cyber attacks, the site may still be able to remain online using a competitor's services.

"While removing 8chan from our network takes heat off of us, it does nothing to address why hateful sites fester online."

Brennan expressed support for the move on Twitter and thanked CloudFare for taking action against 8chan.

"Finally this nightmare might have an end," he wrote.

Original author: Rosie Perper

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Jul
16

Thought Leaders in E-Commerce: TrueCommerce CEO, Ross Elliott (Part 1) - Sramana Mitra

Augmented reality's (AR's) ability to link our digital and physical worlds is transforming the way brands engage with consumers on social media. Business Insider Intelligence Digital titans Snapchat and Facebook are monetizing consumers' love for AR with ads and branded experiences, opening the door for brands to use a new means of creativity and immersive storytelling to reach consumers in a way they appreciate and respond to.

While the use of AR in social media is still in early stages, the immersive technology is already becoming impossible for brands to ignore. This fun, memorable, and convenient way to merge a brand into consumers' lives is catalyzing the way brands escalate converted sales, drive consumer engagement, and lift brand awareness.

With AR ads expected to generate over $13 billion in revenue by 2022, and, as a result, account for over 12% of all mobile ad revenue by that year, it's crucial brands map out their AR strategies now to secure an early-mover advantage.

In the AR in Social Media Report, Business Insider Intelligence dives into the growing social media AR ecosystem; explores why brands should integrate AR into their ads and branded experiences; outlines how brands are benefiting from embracing this new, immersive form of content delivery; and probes what's ahead for the space.

The companies mentioned in this report are: Facebook, Instagram, Messenger, Snapchat, and WhatsApp.

Here are some of the key takeaways from the report:

The number of mobile AR users is expected to have grown 100% year-over-year (YoY) in 2018 to pass 1 billion, and social media is quickly becoming consumers' go-to channel for mobile AR experiences. Consumers' viral acceptance of AR in social media underscores why brands need to embrace the technology to enhance their social strategies, and it's already proving to be an effective channel for engaging consumers and expanding their reach. There are three clear goals brands are striving to achieve when implementing AR in their social media strategies: escalate converted sales and downloads, drive consumer engagement, and lift brand awareness. Additionally, there are numerous indications that the technology will improve in the near future, which will play a chief role in driving brands' AR usage within social media.

In full, the report:

Sizes mobile AR adoption in social media and identifies the factors driving uptake among both consumers and brands. Details how brands stand to benefit from leveraging AR in social media and offers an inside look into how it has played a role in helping brands achieve their goals. Provides an overview of a trends that will heighten the social media AR experience and supercharge the opportunity for brands in the years to come.

Interested in getting the full report? Here are two ways to access it:

Purchase & download the full report from our research store. >> Purchase & Download Now Subscribe to a Premium pass to Business Insider Intelligence and gain immediate access to this report and more than 250 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> Learn More Now

The choice is yours. But however you decide to acquire this report, you've given yourself a powerful advantage in your understanding of the rapidly growing social media AR ecosystem

Original author: Rayna Hollander

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Jul
12

Meero raises $45 million for its on-demand photography service

Business Insider Intelligence In the face of rising demand for data, increasingly saturated mobile markets, and stiff opposition from legacy players, tech entrants, and startups, global telecoms are locked in a battle for market share. These market pressures have led to vicious price wars for mobile services and, as a result, declining average revenue per user (ARPU).

Making matters worse, improvements in infrastructure and technology have made telecoms largely comparable in terms of coverage, connection speeds, and service pricing, meaning companies must transform their businesses if they hope to compete.

For many global telecoms, shoring up market share under today's pressures while also future-proofing operations means having to invest in AI. The telecom industry is expected to invest $36.7 billion annually in AI software, hardware, and services by 2025, according to Tractica.

Through its ability to parse large data sets in a contextual manner, provide requested information or analysis, and trigger actions, AI can help telecoms cut costs and streamline by digitizing their operations. In practice, this means leveraging the increasingly vast gold mine of data generated by customers that passes through wireless networks — the amount of data that moves through AT&T's wireless network has increased 470,000% since 2007, for example.

In the AI in Telecommunications report, Business Insider Intelligence will focus on the use of AI to enhance the customer experience, which can directly impact revenue. Each year, an estimated $62 billion is lost by US businesses after inferior customer experiences, according to NewVoiceMedia. We will discuss the forces driving firms to AI, pinpoint some of the top use cases of AI along the customer journey, and identify some of the leading companies in the space

The companies mentioned in this report are: AT&T, CenturyLink, China Mobile, IBM, Spectrum, Sprint, Swisscom, Telia, T-Mobile, and Vodafone.

Here are some of the key takeaways from the report:

Telecoms have long struggled with their customer experience image: In 2018, telecommunications had the lowest average Net Promoter Score (NPS), a measure of how favorably a company is viewed by customers, of any industry. Companies that use advanced analytics, which can be accessed via AI, to improve this image and the overall customer experience are seeing revenue gains and cost reductions within a few years of adoption. Most (57%) executives believe that AI will transform their companies within three years, per Deloitte's State of AI in Enterprise. Overall, telecoms should focus on a hybrid organizational model to move beyond pilots to launch full-scale AI solutions that can have the biggest impact on their companies.

In full, the report:

Outlines what factors are leading telecoms to turn to AI technology. Describes the benefits of using AI in telecommunications. Highlights players that have successfully implemented AI solutions. Discusses how telecoms should move forward with AI projects.

Interested in getting the full report? Here are three ways to access it:

Purchase & download the full report from our research store. >> Purchase & Download Now Subscribe to a Premium pass to Business Insider Intelligence and gain immediate access to this report and more than 250 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. >> Learn More Now Current subscribers can read the report here.
Original author: Ayoub Aouad

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Aug
05

Catching Up On Readings: IaaS Public Cloud - Sramana Mitra

This report from Gartner says that the worldwide IaaS public cloud market grew 31.3% in 2018 to total $32.4 billion. Amazon was once again led the market followed by Microsoft, Alibaba, Google and...

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Original author: jyotsna popuri

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Aug
04

In a 'Fox & Friends' segment, Texas' Lieutenant Governor suggested violent video games and a lack of prayer in schools could be factors in the El Paso mass shooting

Two mass shootings that occurred in El Paso, Texas, and Dayton, Ohio, within a 24-hour period on Saturday and Sunday have shaken the US. The first, which has so far claimed 20 lives and injured 26 others, happened at a Walmart and is being investigated as both a case of domestic terrorism and a hate crime.

A manifesto posted online that is believed to have been written by the shooter purports that he feared Hispanic "invaders" would turn Texas into a "Democrat stronghold," and that he believed mass violence was the only way to combat immigration along the southern border.

Read more: Off-duty soldier describes how he scooped up children and carried them to safety during the El Paso shooting

Various famous figures and politicians have placed blame on the National Rifle Association, President Donald Trump's administration, and the white supremacist ideology echoed in the manifesto. Texas Lieutenant Governor Dan Patrick blamed something else in a Sunday morning "Fox & Friends" segment: the lack of prayer in schools, along with violent video games.

"Sunday morning when most of your viewers right now, half of the country, are getting ready to go to church. And yet, tomorrow, we won't let our kids even pray in our schools," Patrick, who declined interviews from other news outlets, including CNN, said. "It's many factors that go into these shootings, many factors. And it's not a time to politicize."

Patrick also demanded that the federal government "do something about the video games industry," which he says "teaches young people to kill." He claimed that the shooter, 21-year-old Patrick Crusius of Allen, Texas, was imitating a "super-soldier" from "Call of Duty," a popular first-person shooting game.

The lieutenant governor did, at one point, note that the shooting was "obviously a hate crime, I think, in my view, against immigrants." But in his "Fox & Friends" segment, he also suggested online bullying and not saluting the American flag could have been factors.

Texas laws provide students with the " absolute right" to voluntarily pray in schools in a non-disruptive manner, and as long as it does not alienate other students.

With another mass shooting in Dayton, Ohio, occurring than 24 hours after Crusius opened fire in El Paso, the weekend death toll from mass shootings has reached 29 people so far, in addition to the Dayton shooter, who was killed less than a minute after opening fire at 1:07 AM in a downtown district.

There's no public evidence that the shootings resulted from video games, bullying, or lack of prayer.

Original author: Kat Tenbarge

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Aug
04

Google slashed the price of its premium flagship Pixel 3 smartphones down to $500, but I'd still recommend you buy the $400 mid-range Pixel 3a instead

Google slashed a massive $300 off the price tags of its premium flagship Pixel 3 and Pixel 3 XL smartphones, bringing their price tags almost as low as the mid-range $400 Pixel 3a.

Indeed, the Pixel 3 starts at $500 down from $800. The Pixel 3a costs $400, $100 less than Google's new Pixel 3 price.

And the Pixel 3 XL starts at $600 down from $900. The Pixel 3a XL costs $480, $120 less than Google's new Pixel 3 XL price.

It's easy to think that spending an extra $100 or so for the premium flagship over the mid-range device is the right way to go, but after a quick look at the differences between the Pixel 3 and Pixel 3a, there aren't actually that many differences that are worth the extra $100.

The Pixel 3a on the left, and the Pixel 3 on the right. Antonio Villas-Boas/Business Insider

Both the Pixel 3 and Pixel 3a phone sport similar designs, a premium OLED screen, and 4GB of RAM. But perhaps most important similarity is that the Pixel 3a comes with the same amazing camera and camera features as the Pixel 3 phones.

Fine, the Pixel 3a has a plastic build compared to the glass and metal on the Pixel 3. But let's face it, most people use cases on their phones, so build material shouldn't be a big deal, technically speaking.

The Pixel 3 also has a second ultrawide angle selfie camera, which is actually a pretty big deal for selfie-takers. Meanwhile, the Pixel 3a has a standard single selfie camera.

The major thing that most people would be compromising on is the chip: the Pixel 3a runs on the mid-range Qualcomm Snapdragon 670, while the Pixel 3 phones run on the high-end Snapdragon 845 chip. With that said, the Pixel 3a's Snapdragon 670 is actually an amazing mid-range chip that isn't that much slower at opening apps and running the Android operating system than the Pixel 3's Snapdragon 845.

The Pixel 3 (left), Pixel 3 XL (center), and Pixel 3a XL (right). Antonio Villas-Boas/Business Insider

And with that in mind, I'd still recommend the Pixel 3a over the Pixel 3, as you wouldn't be getting much more value in the extra $100 you'd be spending on the Pixel 3 phones.

In fact, the Pixel 3a comes with something the Pixel 3 doesn't have: a headphone jack, which could offer more value than $100 for the wired headphone holdouts.

If you really want Google's premium flagship experience, you could get Google's Pixel 3 phones at their slashed pricing. But at this stage, I'd recommend waiting for the Pixel 4, which Google is expected to unveil in October.

Google says the Pixel 4 will come with fancy radar sensor technology that will outmatch facial recognition systems like Apple's Face ID, and will enable users to make hand gestures to swipe through songs. Google promises that it's just the start for its radar sensor technology, and most features will come in the future.

Original author: Antonio Villas-Boas

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Aug
04

News discovery app SmartNews valued at $1.1B

A $28 million financing has made SmartNews, an AI-powered news aggregation app, a unicorn.

Japan Post Capital has led the Series E round, which brings the company’s total investment to $116 million and pushes its valuation to $1.1 billion. Existing investors in SmartNews include Development Bank of Japan, SMBC Venture Capital and Japan Co-Invest L.P.

The company, founded in Tokyo in 2012, boasts 20 million monthly active users in the U.S. and Japan. Growing at a rate of 500% per year, its audience checks into the app for a mix of political, sports, global and entertainment news curated for each individual reader. To make money, the company sells inline advertising, video ads and deals with publishers to sell ads against “SmartViews,” its equivalent of Google’s AMP or Facebook’s Instant Articles

SmartNews has nearly 400 U.S. publishing partners including The Associated Press and Bloomberg. It competes with the likes of Apple, which unveiled Apple News + earlier this year, a subscription news product that offers access to more than 300 magazines and newspapers for $9.99 per month.

SmartNews says it will use the infusion of capital to expand its global footprint.

“We are very pleased with our strong progress in the United States,” SmartNews co-founder and chief executive officer Ken Suzuki said in a statement. “We will continue to share our vision of informed, balanced media consumption with our current and future users in the U.S. and all over the world.”

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Jan
16

Loliware’s kelp-based plastic alternatives snag $6M seed round from eco-conscious investors

When you sit down to watch a TV show or movie on Netflix, you're helping fine tune the streaming giant's recommendation engine.

As BI reporter Ashley Rodriguez reported this week, algorithms sort through the thousands of titles available to determine which to display, in what order, and with what artwork or other features, based on your interests. I might see one show and one set of artwork, my neighbors another.

And as more and more of us watch more hours of entertainment on platforms like Netflix, Netflix should get better and better at showcasing what we might enjoy most. Data gleaned from viewers' participation in new interactive shows like "Black Mirror: Bandersnatch" could take that a step further, helping Netflix better understand why people are drawn to certain attributes in content, such as the emotional tonality of characters.

YouTube's algorithms similarly have the power to put a show or star in front of millions of eyeballs. BI reporter Amanda Perelli talked to Jennelle Eliana, who has posted only three videos to the video-sharing site yet already has 1.5 million subscribers. How? YouTube's algorithm picked up her first two videos and recommended them to its users, which is the likely cause of her instant success.

(Unsurprisingly, creators have found ways to game the algorithm. Perelli also talked to YouTube star MrBeast, who has 22 million subscribers, about his use of keywords to maximize views.)

Old-school TV channels are getting in on the act, too, with MTV using insights from tech giants to build buzz for a reality-TV revival. When MTV premiered "The Hills: New Beginnings" in June, the marketing team worked with Google's insights lab to test content on YouTube.

MTV found that "The Hills" theme song, "Unwritten," resonated with audiences, regardless of whether they had seen the show. MTV then partnered with artist Natasha Bedingfield and social music app Smule to record a version of the song that fans could sing along with and share across social channels.

And in the ad world, tracking what you watch is becoming big business. Lauren Johnson talked to TV-tech entrepreneur John Hoctor, the CEO of buzzy TV-measurement firm Data Plus Math, who sold his company for $150 million.

"Advertisers know that TV works, but they haven't had the granular reporting to understand what parts of it were working better than others," Hoctor said.

In short, remember: You're being watched when you watch.

-- Matt

Quote of the week

"I'm interested in - and looking to acquire - lots of companies who are going and reprogramming people's DNA." - Tej Kohli, a tech billionaire and chairman of Tej Kohli Ventures, on his interest in DNA reprogramming. He said his children will live to at least 125 years old because of tiny robots, DNA reprogramming, and artificial blood.

In conversation

Marley Jay talked to JR Gondeck, who was just named the fourth-best wealth adviser under the age of 40 by Forbes. He said millions of millennials are making a mistake by investing in 529 savings plans to pay for their kids' college. Dan DeFrancesco talked to Samik Chandarana, the head of data analytics, applied artificial intelligence, and machine learning for JPMorgan's corporate and investment bank. He explained what the bank's doing to avoid costly mistakes in AI and machine learning. Jeremy Berke talked to Hershel Gerson, CEO of ELLO Capital, a new boutique investment bank focused on the cannabis business, about the competitive cannabis landscape in the US, why he thinks the market is underserved, and how he'll fill his pipeline of deals. Ben Pimental talked to Arvind Krishna, IBM senior vice president in charge of cloud and cognitive software. He revealed the game plan for its $34 billion Red Hat acquisition and says it'll give it "massive reach" in a $1.2 trillion cloud market. Rosalie Chan talked to Dustin Moskovitz, cofounder and CEO of Asana, about the firm's new product to address worker burnout. He said it uses a concept he learned from his time as cofounder of Facebook. Lucia Moses talked to Best Western CMO Dorothy Dowling about the company's use of AI to personalize ads. She said the results are crushing the industry average.

Finance and Investing

How a little-known Goldman Sachs partner took over the LSE and orchestrated an industry rattling $27 billion buyout

As a Goldman Sachs banker in 2005, David Schwimmer offered some prescient advice: He helped the New York Stock Exchange buy the electronic-trading platform Archipelago Holdings, ending NYSE's 200 years of mutual ownership and moving it beyond the realm of human traders.

The SEC is stepping up scrutiny of mutual funds that have poured money into unicorns like WeWork and Airbnb

The Securities and Exchange Commission is stepping up scrutiny of mutual fund investments in private companies, according to people with knowledge of the agency's interest.

Lone Pine Capital stock-pickers explain why they're investing in Tiffany and Nintendo and how they value "disruptors" like Beyond Meat.

What do Nintendo, World Wrestling Entertainment, and Tiffany & Co have in common?

Tech, Media, Telecoms

How VMware became a secret superpower in the cloud wars and why Amazon Web Services should not be happy but Google and Microsoft are thrilled

Earlier this week, Google's cloud boss, Thomas Kurian, triumphantly announced he had expanded Google's partnership with VMware — bringing VMware's core technology, and hopefully its customers, to Google Cloud.

$3.2 billion cyber company Cloudflare is eyeing a September IPO, just months after raising a $150 million funding round

Cloudflare, a company that speeds up content delivery and protects websites from outside attackers, has its eye on a September IPO, according to people familiar with the company.

A top P&G advertising exec who overhauled how the CPG giant works with its agencies is leaving for Snapchat

Craig Stimmel, Procter & Gamble's head of digital media and global partnerships, is leaving after more than eight years to be Snap's head of brand partnerships based in Chicago, sources familiar with the move told Business Insider.

Healthcare, Retail, Transportation

A $4.5 billion biotech working on tech-driven cancer treatments told us how it's using AI in areas rivals are ignoring, and why companies that aren't could struggle

For biotech company Moderna, which went public last year in the biggest biotech IPO in history, the emphasis is as much on the tech as the biology.

Investors from Greycroft, Science, Lerer Hippeau, and others who control millions of dollars name the direct-to-consumer startups that will blow up this year

Many consumer products categories face attacks from direct-to-consumer upstarts that have upended everything from how we sleep (Casper) to how we buy glasses (Warby Parker).

Uber marketing employees describe this week's 'bloodbath' when the company laid off 400 employees in more than a dozen countries this week

On Monday morning, around 8 am California time, hundreds of Uber employees around the world received an ominous email from Jill Hazelbaker, the ride-hailing company's head of marketing, communications, and public policy.

Original author: Matt Turner

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Jan
13

New charts show how Instagram's plan to make money from Stories is hitting a wall

We spend a lot of time around here covering the latest startup fundraises, and for good reason. While capital is certainly an input and not an output, there is nothing quite like the closing of a round of several million in venture capital to prove that yes, the startup I’m working on is at least interesting to someone other than me. External validation shouldn’t be your motivating principle, but it is motivating. Plus, it’s a great milestone to reach out to the press and start talking up the story.

And so week after week, we cover the latest rounds. This company raised $4.5 million in a seed round, and this company raised $16 million in a series A. These stories — and the narratives behind them — are crisp, clean, and precise. A proverbial founder walked up and down South Park in SoMa, explained their story, collected a couple of term sheets, picked one, locked in the due diligence, and is now announcing their round. The VCs are excited, the founder(s) are excited, the employees are excited (and sometimes even the customers are excited!)

The reality for founders though is far more messy and gritty than those headlines would indicate. When I get founders off the record and out for drinks, the true story starts to emerge. That $4.5 million seed fundraise took eight months of maniacal scheduling with two hundred investors just to find a lead. And that lead didn’t lead lead, but took only 20% of the round. In the meantime, they raised twelve times across convertible notes and SAFEs, each one giving the company just a bit more gas in the tank to continue.

When I wrote that a startup raised $4.5 million in one slam dunk, what I really should have written was that they raised $150k, $300k, a few more $50k investments from randos, a couple of thousand from that startup competition, wow $500k from that amazing angel, a $750k SBIR grant from the government that took nine months too long to process, some credits from Brex, and finally at some point that lead investor showed up who gets $3-3.5 million in news value credit on their wimpy $900k check.

As an editor and a writer who covers these aggregate rounds, I struggle with how to approach them. Founders regularly tell me that they would love more transparency and less bravado around fundraises. They want to read how other founders handle the messy complexity of their fundraises, if only because they can compare their own hellish experiences with those of others.

More fundamentally, our readers deserve to read the truth. A $4.5 million round led by a single venture firm writing a $3.5 million check is a very different construct than a bricolage of a random assortment of angel investors. That difference in investor and round quality does indicate something about the startup under examination, and so offering more of those details would better inform our readers as well.

All that is well and good, but no one really wants to hear about these difficulties. Certainly users and customers don’t want to hear about how the software they use or purchased is run by a company that is constantly days away from death. Some early-stage employees probably have the focus to ignore such morbid considerations while carrying out their functions, but many need their paychecks to come from a black box. Somehow, the checks always arrive, and that lowers the stress for everyone.

And even just in terms of the craft of writing, do we really want to exchange the standard funding sentence (“blah blah blah raised blah from blah with participation from blah blah blah”) with a multi-paragraph exegesis of a fundraise?

Writing is about choosing which details are salient and which to pass over. It would be exhausting every morning to read tomes of fundraise detail. Yet, our consistency in depicting fundraises as efficient and precise can create an atmosphere where if you didn’t find a lead in a few weeks and lock down the whole round, you are a failure.

That’s not really a depiction I want to support.

And so, take this as someone who talks to dozens of founders a year off the record about their fundraises, and also sat on the other side of the table as a VC for years. Fundraises are almost always really, really, tough. Very few people get commits in the first meeting, or even in the subsequent meetings. Half the investor introductions during a fundraise are often a complete waste of time if not outright damaging, psychologically or materially. There are a lot of sharks out there. It is much more common today to aggregate a bunch of mini-rounds than it was a couple of years ago.

This is not failure, but just the path of the entrepreneur today in 2019. And at the end of that whole long and windy road, after all of those hundreds of hours of coffee meetings and PowerPoint strategy sessions and skeptical investor convos, all of that work will boil down to twenty words about how the fundraise closed, X dollars were raised, and money was seemingly wired magically to your bank account.

You, me, and really everyone can and should know the truth. But perhaps just rejoice in that headline, and get back to the next slog.

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Aug
04

Thought Leaders in Big Data: Ganes Kesari, CEO of Gramener (Part 4) - Sramana Mitra

Sramana Mitra: You have not thought about productizing some of the visualization capabilities that you have developed? Ganes Kesari: That’s something that we are currently doing. There are several...

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Original author: Sramana Mitra

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Aug
04

'Fast & Furious' spin-off 'Hobbs & Shaw' comes out on top of a competitive weekend at the box office

Universal's "Fast & Furious Presents: Hobbs & Shaw" is the final big release of the summer, and because of that it had to take on a lot of strong holdovers in theaters this weekend to earn every cent.

But when the dust settled the Dwayne "The Rock" Johnson/Jason Statham action movie was tops at the domestic box office with an estimated $60.8 million. Compared to the openings of the main "Fast" franchise, it didn't perform as strong as the recent releases (it's the sixth highest, doing better than the $40 million opening of the first "Fast and Furious" movie), but was on par with last year's late summer release, Paramount's $61 million take for "Mission: Impossible - Fallout." Outside of Disney/Marvel releases, it's the biggest domestic opening of the summer (passing the $56.8 million opening for "John Wick: Chapter 3 - Parabellum").

Read more: How the director of "Hobbs & Shaw" suddenly became Hollywood's go-to guy for action movies, with a little help from Keanu Reeves and Charlize Theron

Like most blockbusters these days, it's what's going on internationally that's the true indicator of the kind of business the movie is doing. Over the weekend, "Hobbs & Shaw" earned 120 million overseas, putting its global weekend take at $180.8 million. That's a strong start for a movie with a budget well over $200 million (after counting marketing). The global figure is the biggest opening ever for a movie starring The Rock or Statham, outside of the main "Fast" movies.

In a summer where Disney dominated, this weekend was one of the rare times where the box office was nicely spread out.

Disney's "The Lion King" came in second with $38.2 million, bringing its global total to an astounding $1.2 billion in just four weekends.

While Sony's "Once Upon a Time… in Hollywood" came in third place with $20 million, down just 51% from its opening weekend last week. A nice hold for the Quentin Tarantino movie that the studio hopes audiences will continue to flock to through August.

Original author: Jason Guerrasio

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Aug
04

The top 9 shows on Netflix and other streaming services this week

Amazon's new superhero series, "The Boys," has arrived to heavy fanfare. And Hulu's surprise drop of its "Veronica Mars" revival on July 19, a week before its scheduled release, didn't stop audiences from tuning in or talking about the show.

Every week, Parrot Analytics provides Business Insider with a list of the nine most in-demand TV shows on streaming services. The data is based on " demand expressions," Parrot Analytics' globally standardized TV demand measurement unit. Audience demand reflects the desire, engagement, and viewership weighted by importance, so a stream or download is a higher expression of demand than a "like" or comment on social media, for instance.

Below are this week's nine most popular original shows on Netflix and other streaming services:

Original author: Travis Clark

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Jun
25

1Mby1M Virtual Accelerator Investor Forum: With Sarbvir Singh of WaterBridge Ventures (Part 2) - Sramana Mitra

The stories are reflective of a tiny minority of Uber and Lyft rides, but for many drivers, the harrowing tales of fellow chauffeurs brutally beaten, robbed, or even killed, are always front of mind.

Just this week, an Arizona man who drives for Lyft was shot and killed on his 52nd wedding anniversary. Before that, viral video showed a driver in New York beaten by a passenger. This list goes on and on.

Lyft and Uber, for their part, have responded by adding crisis response teams and in-app panic buttons that allow drivers to call 911 and share their location with first-responders.

Still, drivers say the company could do more to help keep them safe, like verifying the names or identities of riders.

Read more: Uber and Lyft drivers reveal the things you should never do while taking a ride

We asked drivers to share some of their most harrowing stories from behind the wheel. Here's what they said:

Original author: Graham Rapier

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Jul
12

The Industry Analyst Evaluation Game

Gabriela de Queiroz, senior engineering and data science manager at IBM, never even began to learn about AI programming until she moved from Brazil to the United States.

Nowadays, she's leading a team of data scientists and software engineers at IBM who create and contribute to open source AI projects like TensorFlow, the popular AI framework created by Google.

And that's just her day job. In her free time, she's the founder and organizer of a global meetup called R-Ladies — a group for women to learn the programming language R, commonly used in statistics. While she's recently come into the AI field, she's been a data scientist and statistician at heart for much longer than that.

"I'm an R person," de Queiroz told Business Insider. "I've been using R for 12 years now. R is a big part of who I am. I'm very involved in the R community. R is the thing I'm most passionate about."

de Queiroz now makes it her mission to make AI in general, and R programming in particular, more accessible to larger groups. At IBM, her team is focused on making AI better and more useful for any developer, even if they don't have a background specifically in the field. With R-Ladies, she works to make women feel welcome in the tech industry and get them comfortable learning new skills.

"It's important to have a community and a safe place where you can be yourself and ask questions without judgment," de Queiroz said.

A non-traditional path

de Queiroz says she had a non-traditional path to tech. Back in Brazil, she studied epidemiology and conducted research on how air pollution affects people's health. She then spent some time working as a music producer.

In 2012, though, de Queiroz moved to San Francisco, where she obtained a masters degree in statistics. After that, she worked at startups doing data science, until she joined IBM last year, where her love for data lent itself well to her newfound interest in AI.

Read more: These are the programming languages that are used by America's most valuable startups, from Airbnb to WeWork

With Portugeuse as her first language, de Queiroz recalls that it took her a while to get up to speed in programming due to language barriers. When she was studying programming in school, she had to record her classes, listening to them over and over again to understand what her teacher was saying.

Most of the world's programming languages are in English, which can make it more difficult for people who are not native English speakers.

"When you want to learn how to program, you need to learn how to program, and you need to learn English," de Queiroz said. "I would write something, and I would not get what was going on."

'Like going to Disneyland'

de Queiroz first learned R when she was still doing air pollution analysis in Brazil, and continued to study the field when she moved to San Francisco. Soon after she moved, she discovered the meetup scene and started going to meetups everyday.

"When I moved here in 2012, it was kind of like going to Disneyland," de Queiroz said. "When you're a kid, you go to Disneyland and think, wow, there's so much I can learn here and go and do. I felt wow, there's this meetup thing and you can go to a meetup and you can learn for free and get food for free. That's perfect. It's free knowledge and free food."

Soon, she decided to start a meetup of her own to teach R to others. However, she noticed pretty quickly that these spaces were dominated by men. She says she would usually stay in a corner and not feel safe about asking questions. It was a similar situation in Brazil, de Queiroz recalls, but no less frustrating.

"It's a very male-dominant culture so we don't have much voice. You can say something, but they will not listen to whatever you have to say or you have to be careful about the things you talk about or the way you say things," de Queiroz said.

So, she decided to create a meetup focused on women, and she launched the first R-Ladies meetup in October 2012.

It wasn't a complete hit at first. At the first meetup, there were only eight people. de Queiroz says she felt disappointed, until someone told her that there likely weren't that many people at the meetup that day because it was Halloween.

"Regardless, I got very good feedback, and I decided to keep learning and going," de Queiroz said.

'Hey, there's no competition here'

Since then, R-Ladies has grown to become a worldwide organization with more than 100 chapters in 40 countries. As for de Queiroz, she became the first Latino invited to join the R Foundation, where she serves today. And nowadays, IBM, her employer, sponsors R-Ladies, making it more than just her side project.

She recalls that at an R-Ladies event in Indonesia, the women were sitting at the front learning, while their husbands were in the back taking care of their children.

"I thought that was so fantastic because in some cultures, the women have to stay with the child and they cannot learn, but they have their husbands there being so supportive and taking care of the children in the corner while their wives were learning," de Queiroz said. "That picture amazed me. I was like, wow, that's so amazing to see this kind of thing in this community."

For people who have never learned to program, de Queiroz says it's never too late.

"When you talk to people in tech, they say, 'I've been programming since I was 9. I made my first robot when I was 7,'" de Queiroz said. "I learned not to compare myself with others. I've been programming for maybe 10 years, and they've been programming for 20 to 30 years…I've allowed myself to say hey, there's no competition here. I bring a lot of things to the table."

Original author: Rosalie Chan

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Jul
11

Real estate platform Nestio raises $4.5 million

The great white shark of "Jaws" fame, which loses a game of oceanic cat-and-mouse after eating several people, is a legendary Hollywood monster.

The hellish creature didn't come solely from writer Peter Benchley and director Steven Spielberg's imaginations: It was in part based on a shark that killed four people along the New Jersey coastline in 1916.

The spate of attacks that partially inspired "Jaws" culminated in the town of Matawan, where a 10-year-old boy was killed on July 12, 1916, while swimming in an inland creek more than 10 miles away from the nearest ocean bay.

However, the scenario in the 1975 film and the real-life events that inspired it are highly unusual, according to George Burgess, the former director of the Florida Shark Research Program.

"Animal populations, much like humans, sometimes have deranged individuals," Burgess told Business Insider.

In fact, the 1916 attacks were only one of two times in recorded history that a single shark perpetuated multiple attacks on humans, Burgess said. Typically, sharks avoid humans, and the rare cases in which these predators do chomp on a swimmer are usually hit-and-runs.

'Ferocious man-eating sharks'

On July 1, 1916, Charles Vansant was maimed in the water in front of a hotel in Beach Haven, New Jersey. He died as a result of his wounds. Less than a week later, Charles Bruder perished in Spring Lake, just 50 miles up the Jersey Shore. His legless body was pulled from the water.

A map of the 1916 New Jersey shark attacks. Kmusser/Wikimedia Commons

Then 10-year-old Lester Stilwell was bitten and dragged under the water while playing with his friends in Matawan Creek. A 24-year-old local, Watson Stanley Fisher, hurried into the creek to look for Stilwell's body, but he, too, was mauled by the shark and eventually died.

That same day, just a mile downstream, 14-year-old Joseph Dunn was also bitten. He survived the attack.

These third and fourth deaths thrust New Jersey's shark problem into the national spotlight, and marked a turning point in America's collective psyche, according to Burgess: Sharks were no longer just interesting marine animals, they could be killers.

President Woodrow Wilson allotted federal aid to "drive away all the ferocious man-eating sharks which have been making prey of bathers," the Philadelphia Inquirer reported on July 14, 1916.

The Philadelphia Evening Ledger said on July 15 that "the shark menace was formally discussed the day before at a Cabinet meeting in Washington." The newspaper reported that a ship would be dispatched to cooperate with the Coast Guard, and "active warfare against sharks instituted."

Meanwhile, New Jersey fishermen, Coast Guard members, and townspeople threw sticks of dynamite into Matawan Creek and used wire nets to try to capture the offending animal.

Local fishermen ended up catching various shark suspects, including a 215-pound, 9.5-foot-long female shark with 12 babies in her belly.

Finally, New Yorker Michael Schleisser caught and killed an 8-foot, 325-pound great white just a few miles from where Stilwell and Fisher were attacked. The creature had 15 pounds of human remains in its stomach.

Read More: 3 people have been bitten by sharks in Florida over 3 days. Experts share tips for minimizing your risk of a shark attack.

The Matawan Creek, near its mouth in Keyport and Aberdeen Township, New Jersey.Mr. Matte/Wikimedia Commons

No further incidents occurred after Schleisser's catch, Burgess said, so most shark experts agree that it was indeed the perpetrator. Some scientists, however, argue that a bull shark could have been responsible, since those sharks prefer brackish water habitats like Matawan Creek more than great whites do.

Regardless of the species, the 1916 attacks were "a very unusual situation that's unlikely to happen again," Burgess said.

"Most sharks aren't going to be serial killers of humans," he added.

There was only one other known case of multiple attacks by the same shark

Burgess said that in the 50 or so years he's studied sharks, he's aware of just one other incident that involved a series of bites by a single animal. In 2010, the Egyptian government requested Burgess' assistance after a series of attacks on tourists near the Sharm el-Sheikh resort in the Red Sea.

Four people were attacked along the coast there on December 1, and three of the swimmers lost portions of their limbs. Four days later, a shark bit off a German woman's arm while she was snorkeling in the area, and she died.

An oceanic whitetip shark at Elphinstone Reef in the Red Sea, 18 miles northeast of Marsa Alam, Egypt.Alexander Vasenin/Wikimedia Commons

Using photographic evidence, scientists were able to ascertain that the same oceanic whitetip shark carried out all the attacks, Burgess said. The shark in question had followed a boat from New Zealand that was transporting sheep. As it traveled, the boat had been dumping the livestock's waste, as well as sheep that died along the journey, into the water, so the shark had been getting free food. Once the easy meals dried up, Burgess said, the animal "had to find food in a strange place."

A shoreline replete with swimming tourists may have been the most promising area to look.

But sharks don't like to eat humans

In the Universal Studios trailer for "Jaws," here's how the narrator describes the great white shark: "It lives to kill. A mindless eating machine. It will attack and devour anything. It is as if God created the devil and gave him jaws."

A great white shark bites down on a piece of bait.Martin P/Shutterstock

But that's quite far from the truth, according to Burgess.

"Sharks aren't after humans as a regular prey item," he said, adding that the animals would rather hunt familiar fish and seals.

Imagine, Burgess said, someone "putting some strange dish in front of you for a meal versus your favorite dish and having you choose which one you want." That's the choice sharks face with humans.

But it's still good to be aware of the inherent risks of swimming in water that we share with sharks, he added.

"The ocean is a wilderness, not a backyard swimming pool," Burgess said. "It includes animals like sharks, sting rays, and jellyfish that can, and occasionally do, hurt us."

Original author: Aylin Woodward

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Aug
04

Ninja ditching Twitch for Microsoft's Mixer was a brilliant decision — here's why (MSFT, AMZN)

Tyler "Ninja" Blevins has taken a major gamble by signing an exclusive partnership with Mixer, Microsoft's video game streaming platform. Ninja is the world's most popular gamer and the most followed streamer on Mixer's primary competition, Twitch.

Ninja is best known for streaming "Fortnite," the free-to-play game that has taken the world by storm. "Fortnite" has more than 250 million registered players and Ninja is known as one of the game's best players. His reputation has earned him play sessions with celebrities like Drake, generating a massive fanbase in the process.

During 2018, Ninja became the first gamer to be featured on the cover of ESPN magazine, and in April he was named to Time magazine's list of 100 most influential people. At the peak of "Fortnite's" popularity, Ninja was reportedly earning as much as $500,000 a month from streaming and sponsorships.

Read more: Ninja wants to be more than just 'the Fortnite Guy,' but the world's most popular gamer is headed into uncharted territory

But despite his success, Ninja has expressed a desire to expand his career beyond "Fortnite." A recent report showed that competing streamers on Twitch were starting to surpass Ninja in watch time as "Fortnite's" growth stagnates. With streamers relying primarily on viewer donations and subscriptions, a decline in traffic means an immediate decline in revenue.

Ninja left an audience of 14 million followers on Twitch to begin streaming on Mixer, with a hope that dedicated fans will move to the platform with him, and that Microsoft will provide him with new opportunities to move beyond "Fortnite."

By signing with Microsoft, Ninja has secured some financial stability and a clear role as the face of Mixer. Twitch will continue to grow with or without Ninja thanks to its massive audience, but Mixer will likely rely on Ninja to continue promoting the platform.

Since its launch in January 2016, Mixer has struggled to find enough viewers to lure top streamers away from Twitch and YouTube. According to data from Streamlabs, Mixer had just 119 million hours watched during the second quarter of 2019, compared to 2.7 billion for Twitch, and 702 million for YouTube Gaming.

Still, Microsoft has shown that its willing to maintain its investment in streaming and the decision to sign Ninja to an exclusive partnership has already delivered increased visibility. The Mixer app became the most downloaded free app in Apple's app store less than 24 hours after Ninja announced he was leaving Twitch. Ninja's Mixer account welcomed roughly 300,000 followers by the time his first Mixer stream started on Aug. 2, and he's already among the five most-followed accounts on the platform.

For his Mixer debut, Ninja is streaming in front of a live crowd at the Lollapalooza music festival from Aug. 2 to Aug. 4. The event is an example of Ninja's unique marketability; he's one of the only professional gamers with the visibility and charisma to draw a live audience at an event where gaming isn't the focus.

By tying himself to Microsoft's gaming endeavors with Mixer and Xbox, Ninja can slowly move away from his reputation as "The Fortnite Guy" and become an even bigger personality within the world of gaming.

Original author: Kevin Webb

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Aug
04

Mark Zuckerberg, Tim Cook, Sheryl Sandberg and more of Silicon Valley's tech titans reveal their favorite books for summer reading (FB, APPL, SPOT, SNAP)

For folks seeking an elevated beach read this summer, NBC reporter Dylan Byers asked six tech executives for summer reading recommendations in his newsletter.

Read on for book recommendations from Mark Zuckerberg, Sheryl Sandberg, Tim Cook, and more.

Original author: Rebecca Aydin

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Jul
11

Thought Leaders in Cloud Computing: Fred Voccola, CEO of Kaseya (Part 3) - Sramana Mitra

Eat fat, stay trim — that's the premise behind the popular ketogenic diet.

"I eat full fat cream in everything," kinesiologist David Harper, who's been keto for more than six years, recently told Business Insider.

The eating plan is designed to send the body into a state of ketosis, which is the same fat-burning mode triggered when a person is starving. Keto dieters consume very few carbohydrates in order to foster this metabolic state, shifting the body out of its default carb-burning status and forcing it to use fat for fuel instead.

Celebrities like LeBron James and Kourtney Kardashian, as well as some Silicon Valley techies, swear by the diet, saying it helps them lose weight and also lifts mental fog.

Harper, too, said the diet helps him and his wife stay trim and satisfied. He's also studying whether the regimen plays a role in improving cancer treatments; a few other oncologists are looking into this as well.

But not everyone is convinced of the keto diet's merits.

Dr. Shivam Joshi, who sees patients at NYC Health and Hospitals Bellevue and teaches medicine at NYU, said the keto diet wrongly bans many healthy foods that are linked to long lives, such as beans and whole grains. Joshi recently co-authored an opinion piece in the medical journal JAMA Internal Medicine in which he argues that "enthusiasm outpaces evidence" for the high-fat eating plan.

"What people are doing is essentially throwing the baby out with the bath water when they label all carbs as being bad," he said. "That's not true."

Joshi believes time will eventually prove the keto plan to be no different from other passing diet fads.

Keto diets shun all carbs, including the ones studies have linked to long lives

"Whether you look at Paleo or Atkins or Dukan or South Beach, each diet has its own variation or twist," Joshi said.

In the case of keto, the "twist" Joshi is worried about centers on ketones, which are chemical compounds created in the liver when people burn fat for energy. We all produce some ketones, especially when exercising or if pregnant, but keto dieters have more of them in their bloodstream because they hardly ingest any carbs. (Keto dieters get about 70-80% of their daily calories from fat, 15% or so from protein, and just 5% from carbs.)

Joshi thinks this strategy gives good carbohydrates a bad rap they don't deserve.

"Many people who buy into the keto diet say that carbs are bad," he said, adding, "I'm not defending refined carbs, which many of my critics think I am. I'm defending your unrefined carbs, your fruits, your vegetables, your whole grains, beans, lentils, things like that. These are some of the most healthful foods on the planet."

Nutrition experts generally agree with this. People who consume more whole grains — like barley, brown rice, oats, and quinoa — tend to live healthier, longer lives. They may even reduce their risk of developing some deadly diseases.

"A higher intake of whole grains is linked with a lower risk of cardiovascular disease, cancer, and mortality," researchers from the Centers for Disease Control wrote in a recent paper about the US' low intake of whole grains.

Diets that are rich in whole grains, like the Mediterranean diet, are also consistently found to be linked with less cognitive decline and fewer symptoms of depression than other eating plans.

The Mediterranean diet and the keto diet have an important thing in common, though: Both restrict refined carbohydrates, which are the stripped versions of grains found in foods like white bread and donuts. In its natural state, a whole grain of wheat, say, includes an outer shell of bran and germ. But to produce the refined version, that shell gets stripped away, leaving just the wheat's carby endosperm.

Refined carbs, whether they come from cake, cereal, or other convenience foods, don't pause for long on their journeys through our bodies, which means they don't make us feel full. Instead, they're quickly digested and can send blood sugar soaring. Eating a lot of refined carbs regularly can contribute to weight gain and raise the risk of chronic health issues like heart disease and diabetes.

"When you look at it, we've been eating a lot of refined carbohydrates, like your white bread, white rice, white flour, things like that. These foods don't have fiber. These foods have never been helpful," Joshi said.

About two thirds of the US food system consists of ultra- processed food, which is to encourage overeating, so it's easy to see why the average American today consumes 400 more calories each day than they did 50 years ago.

Hunter Pence gets doused in Gatorade after a game. Energy drinks are loaded with sugar that the body converts to glucose. AP/Tony Gutierrez

The risks of following the keto diet long-term aren't well known

Joshi's other concern about the keto diet is that there just isn't as much scientific evidence about its long-term effects as there is about eating plans that emphasize whole grains and other plants.

The keto diet is not new: People have been practicing different versions of high-fat eating plans since at least the 1800s. In the 1920s, the ketogenic strategy was introduced as a way to treat drug-resistant epileptic seizures.

But the scientific literature on keto is slim, partially because there aren't very many people who follow a keto diet.

"If you think of the ketogenic diet as a medical intervention or as a prescription or anything else, you would want to know the risks, benefits, and alternatives," Joshi said. "We don't have long-term studies following a cohort of people for a long period of time documenting the safety."

Joshi noted that there are studies of children who've used the keto diet to lower their rates of epileptic seizures. When those kids go on the diet, their "bad" LDL cholesterol levels can rise up, while their "good" HDL cholesterol go down. At least one child on a keto diet for seizure control died of heart failure. Non-fatal complications can include kidney stones and iron deficiencies. And still, most seizure-prone kids don't stay keto forever: They might follow the diet for a couple of years, then start eating more carbs.

When it comes to adults, even less is known about the long-term effects.

"We don't know if the ketogenic diet in adults leads to [bone] fractures, you know, 10 years down the road, we don't know that," Joshi said.

Cardiologist Ethan Weiss (who follows the keto diet himself) agrees that it's not yet clear whether the diet is safe for everyone.

"I think the vast majority of people who go on this diet will have no trouble with their cholesterol," Weiss previously told Business Insider. "But I'm not going to tell the people that do have trouble with their cholesterol that it's not a problem."

Harper, however, argues that people have been following diets that include less fat and more carbs for years, and the results are in: Diabetes and obesity rates are skyrocketing.

"We've been vilifying fat — especially saturated fat — for the last 30 or 40 years, when in fact we should have been vilifying sugar," he said.

No single diet is right for every body

David Harper/BioDiet

Disagreements about the keto diet underscore a larger truth about nutrition science: No single diet can ever be a fit for every person.

"On the personal level, we now know there is no diet or dietary intervention that is right for everyone, or even for an individual throughout their lifespan," a team of cardiologists from Scripps Research wrote in the Lancet medical journal earlier this year.

As Tim Spector, an epidemiologist and professor at King's College in London, previously told Business Insider, "just because some diet or recommendation is out there doesn't mean that you fit it."

However, nutritionists generally agree that an ideal meal for anyone — keto or not — should be full of fresh, fibrous vegetables and low on processed foods.

Original author: Hilary Brueck

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Aug
04

1Mby1M Virtual Accelerator Investor Forum: With Nnamdi Okike of 645 Ventures (Part 2) - Sramana Mitra

Nnamdi Okike: We look at the round after that. What we are looking for are companies that typically have built an early product and have some early traction. If it’s software selling to small...

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Original author: Sramana Mitra

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