Nov
12

Report: 90% of IT execs are embracing SASE migrations

The car-research site Kelley Blue Book ranks vehicles in a wide range of categories, from inexpensive SUVs to the best cars for families.

On Thursday, Kelley Blue Book revealed the 10 most-awarded vehicles from the 2019 model year. Honda dominated the list, taking four of the top-five spots.

Read more: Towing capability is the one thing Ford F-150 customers want more than anything else, according to the head of marketing for the best-selling truck in the US

Customers also appear to love the cars that made the list. Nine of the 10 vehicles received a rating from Kelley Blue Book users of at least four points out of a possible five.

These are the 10 most-awarded vehicles from model-year 2019, according to Kelley Blue Book.

Original author: Mark Matousek

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Jul
20

These are the top 32 quarterbacks in the NFL, according to 'Madden 20'

Quarterback is the most vital position on the football field and NFL teams will pay top dollar to ensure they have a top player commanding their offense. After all, having an efficient quarterback can make the difference between turning a mediocre team into a potential playoff contender.

"Madden 20" has rated more than 3,000 players for the upcoming NFL season and Electronic Arts has promised that this year's game will have more lower ratings to make the game more realistic and help elite players stand out on the field.

While every player rating is based on more than 50 different attributes, the game's ratings adjusters said that quarterbacks take the most time to judge properly because they have eight extra stats that are exclusive to their position. Mobile quarterbacks like Kyler Murray and Russell Wilson also require extra attention to ensure that they're properly balanced compared to running backs.

Read more: The creators of 'Madden' revealed their process for rating nearly 3,000 players every year, and it's a fascinating look inside one of the most popular video game franchises on the planet

While both Tom Brady and Aaron Rodgers managed to earn a max rating of 99 overall last year, none of the league's signal callers managed to make the 99 Club this year. While Rodgers threw just two interceptions last season, "Madden 20" no longer considers him among the league's top five quarterbacks. Instead, the game has boosted cover star Patrick Mahomes and resurgent Chargers quarterback Phillip Rivers to the top of the ranks.

EA will continue to adjust player ratings as the season progresses, so there's plenty of time for these ratings to shift, but here's how "Madden 20" rates the NFL's top 32 quarterbacks going into the season.

"Madden NFL 20" will be released for PlayStation 4, Xbox One, and PC on August 2. You can get access to the game three days early by joining EA's Origin Access Premier or by preordering the $80 Superstar Edition.

Original author: Kevin Webb

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Jul
20

Critics are calling Apple's latest refreshed laptops a 'much-needed upgrade' — here's what they have to say about the new MacBook Air and MacBook Pro (AAPL)

Apple refreshed its popular MacBook Air and MacBook Pro laptops this month in the lead-up to its annual back-to-school promotions that begin around August and September.

The MacBook Air now has a starting price that's $100 more than before, meaning the new computer starts at $1,099. The only other major difference is that the MacBook Air's new Retina displays also include True Tone technology, which helps match the screen's color temperature to your surroundings to make viewing easier on the eyes.

Read more: Apple kills its 12-inch MacBook and launches cheaper new MacBook Pro and MacBook Air models

The entry-level MacBook Pro, meanwhile, got a more substantial upgrade.

The 13-inch MacBook Pro, which has a starting price of $1,299, now features quad-core Intel processors (compared to the dual-core processors in the previous entry-level model), Apple's T2 security chip, and the Touch Bar, which replaces the traditional function keys along the top of the keyboard. If you've never used it before, the Touch Bar is a touchscreen display that lets you control aspects of the computer with virtual keys, which change depending on the applications you're using at the time.

A handful of tech and news publications got their hands on Apple's newest laptops this week, and for the most part, they had positive things to say. Still, there are a few hangups that had some critics feeling like Apple's latest MacBooks are only "very good," instead of "insanely great."

Original author: Dave Smith

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Jul
20

Notion, the profitable startup that had to go to great lengths to avoid aggressive VCs, explains why it chose now to raise $10 million at an $800 million valuation

For the buzzy enterprise startup Notion, one of the trickiest parts of running its high-growth, profitable business has been how to politely avoid coffee meetings with would-be investors.

In fact, in February, Notion CEO Ivan Zhao told Business Insider that the company decided against listing its new office address on Google Maps so that perspective VCs wouldn't come knocking — something that happened regularly at its previous workplace.

"We're not anti-VC," Zhao said at the time. "It's more about helping us focus on product and less on meetings."

That's why when The Information broke the news this week that Notion — an "all-in-one workplace" that acts as a replacement for documents, wikis, and other task management tools — was raising a new funding round, it came as something of a surprise. Doubly so, that the company was raising a relatively modest $10 million (in what it calls an "angel round") at a relatively high valuation of $800 million.

Notion's ethos since its inception over six years ago has been to grow its product, and its team, thoughtfully. In fact, in an interview with Notion's COO Akshay Kothari on Friday, the head operator told Business Insider the startup's small team, which now numbers 25 in total, had been a key to its success.

"Staying small is not just because it sounds nice," Kothari said. "Staying small is actually helpful for us to move fast."

Kothari also said that for "several months now," Notion — which reportedly has over one million registered users — has been profitable.

So why raise now?

Notion's reasons for raising

Kothari said the reasons were mostly practical.

Early on, Notion had given its investors convertible notes — a form of debt financing that act similarly to loans, often used by early stage startups — and those notes actually needed to be converted. Some of them, Kothari said, carried interest and so the team wanted to "close those out."

The team also wanted to give three individuals who have been "remarkably helpful" to Notion the opportunity to invest, Kothari said. The $10 million "angel round" was entirely comprised of investments from those three: Daniel Gross (former partner at Y Combinator), Lachy Groom (Head of Stripe Issuing), and Elad Gil (a self-proclaimed " startup helper").

Groom and Gil were previous investors in Notion. For Gross, this was his first investment in the company.

Read more: This enterprise software startup has VCs literally knocking on its doors to invest, but for now, it's not interested

Hiring for growth

Beyond sharing the goods with those who have been good to them, Kothari said the funding would be used to hire for roles that have become a necessity as Notion's customers become larger and larger. Some, like the messaging platform Intercom and Hearst Media, have over one-thousand users, and in those cases, Notion wants to have more hands-on account management.

Also, thus far, the company has never used paid marketing, like Google or Facebook ads, to gain new customers. But part of the raise, Kothari said, will be used to experiment with paid acquisition channels.

When asked if growing its operations teams and venturing into paid advertising will compromise the company's almost-obsessiveness over staying lean and growing intentionally, Kothari said: "It's a worry that I've had myself."

"We're not looking to hire a sales army here," Kothari said. "We're thinking about it very much from a systems perspective. We feel good about the way we're building products. We feel good about how we have community and support. One of the things we're investing in on the marketing side and sales side is to continue to have that systems approach in building these teams out."

As for how Notion settled on its $800 million valuation, Kothari told us that part of it was to avoid the "craze" that inevitably comes from reaching unicorn status, which comes with a valuation of $1 billion or more. The head operator also said his team considered the valuations of other, comparable software-as-a-service companies — especially Zoom and Slack, which recently went public.

Regarding how such massive valuation could come from an "angel round," Kothari downplayed the importance of such titles.

"Some of the names of these rounds," Kothari said. "Seeds have become pre-seeds. Pre-seeds have become something else. I guess it should be called a $10 million round with three individuals who have been deeply helpful."

Original author: Nick Bastone

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Jul
20

HBO is readying a third streaming service in addition to HBO Now and HBO Go — here's how the three HBO services stack up

Here's everything that's announced for HBO Max thus far:

-"10,000 hours of premium content from HBO, Warner Bros., New Line, DC Entertainment, CNN, TNT, TBS, truTV, The CW, Turner Classic Movies, Cartoon Network, Adult Swim, Crunchyroll, Rooster Teeth, Looney Tunes and more.

-The exclusive streaming rights at launch to all 236 episodes of 'Friends.'

-The exclusive streaming rights at launch to all episodes 'The Fresh Prince of Bel Air' and 'Pretty Little Liars.'

-The exclusive streaming home to a string of new Warner Bros.' produced dramas for The CW beginning with the fall 2019 season, including new DC Entertainment series 'Batwoman,' and 'Katy Keene' (spinoff of 'Riverdale').

-New exclusive movie production deals with Greg Berlanti and Reese Witherspoon ('Big Little Lies'). Berlanti will produce an initial four movies focused in the young adult space, while Witherspoon's Hello Sunshine will produce at least two films.

-'Dune: The Sisterhood,' an adaptation of Brian Herbert and Kevin Anderson's book based in the world created by Frank Herbert's book 'Dune,' from director Denis Villeneuve.

-'Tokyo Vice,' based on Jake Adelstein's non-fiction first-hand account of the Tokyo Metropolitan Police beat, starring Ansel Elgort.

-'The Flight Attendant,' a one-hour thriller series based on the novel by Chris Bohjalian. Kaley Cuoco, executive producing alongside Greg Berlanti, will star.

-'Love Life,' a 10-episode half-hour romantic comedy anthology series starring Anna Kendrick, who will also executive produce alongside Paul Feig.

-'Station Eleven,' a postapocalyptic limited series based on Emily St. John Mandel's international bestseller, adapted by Patrick Somerville ('The Leftovers') and directed by Hiro Murai ('Barry').

-'Made for Love,' a 10-episode, half-hour, straight-to-series adaptation based on the tragicomic novel of the same name by Alissa Nutting, also from Patrick Somerville and directed by S.J. Clarkson.

-'Gremlins,' an animated series from Warner Bros. Animation and Amblin Entertainment based on the original movie.

-Stephen King's 'The Outsider,' a dark mystery starring Ben Mendelsohn, produced and directed by Jason Bateman.

-'Lovecraft Country,' a unique horror series based on a novel by Matt Ruff, written and executive produced by Misha Green, and executive produced by Jordan Peele ('Us') and J.J. Abrams ('Westworld').

-'The Nevers,' Joss Whedon's new science fiction series starring Laura Donnelly.

-'The Gilded Age,' set the opulent world of 1885 New York from 'Downton Abbey's' Julian Fellowes.

-'Avenue 5,' a high satire aboard a space-bound cruise ship from Armando Iannucci ('Veep') starring Hugh Laurie and Josh Gad.

-'The Undoing,' a psychological thriller from David E. Kelley ('Big Little Lies'), directed by Susanne Bier ('Bird Box') starring Nicole Kidman and Hugh Grant.

-'The Plot Against America,' reimagined history based on Phillip Roth's novel written and executive produced by David Simon and Ed Burns, starring Winona Ryder and John Turturro.

-'Perry Mason', the classic legal drama for a new generation, executive produced by Robert Downey, Jr. and Susan Downey, with Matthew Rhys in the title role.

-'I Know This Much Is True,' a complex family drama starring Mark Ruffalo playing twin brothers, one of whom has schizophrenia. Based on the best-selling novel by Wally Lamb, written and directed by Derek Cianfrance."

Original author: Ben Gilbert

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Jul
20

Investing in real estate tech companies like Zillow and Compass is a nearly $15 billion opportunity. 3 top VCs break down the areas and startups they think will boom.

Fifth Wall, a Los Angeles-based proptech VC founded in 2016, announced a $503 million funding round on Wednesday. Fifth Wall is the largest proptech-specific investor, and the firm says it makes up 70% of all dedicated capital for proptech.

They have backed Opendoor, coworking startup Industrious, and have branched out beyond just proptech into scooter and bike rental startup Lime. Fifth Wall had more than 50 strategic partners in its latest funding round, including CBRE, Equity Residential, Marriott, Prologis and Macerich.

Business Insider spoke with Brendan Wallace, co-founder and managing partner at Fifth Wall, about the future of proptech.

Opportunities: self-storage as a service, sustainability

Wallace is closely watching the rise of companies that don't actually own assets and focus instead on providing real estate-related services. The most high-profile example is WeWork, which doesn't own most of its office space and sells office-management as a service.

"You can provide a higher level of service to customers who are demanding that higher level of service," Wallace said.

Wallace highlighted Clutter, a self-storage company that Fifth Wall has invested in since 2017, as an example. Clutter gives door-to-door service for self-storage, and rents space instead of owning and maintaining their own warehouse.

"They're a really interesting business that has almost turned self-storage into a service industry, as opposed to a real estate industry," Wallace said.

Wallace also sees opportunity in sustainability. While green construction and sustainability are nothing new for the industry, Wallace points out that real estate nonetheless accounts for almost half of US energy consumption. Sustainability technology can appeal to more environmentally minded investors and tenants, and also help companies save on energy costs.

"You can start to drive really meaningful change around sustainability as an actual investment strategy that's both economically really exciting for real estate owners in terms of the cost savings, and financially exciting for Fifth Wall from an investment perspective, " Wallace said.

Challenges: 'late-adopting' industry, blockchain roadblocks

Real estate's relationship with technology is just starting to change, according to Wallace. Many in the industry have only started to embrace new technology over the last five years.

"You might have incredibly disruptive technology, but you have to be cognizant of how challenging it is sometimes to sell in to large real estate incumbents," he said. "And we obviously support that, but real estate has been a historically slow-moving, late-adopting industry."

Wallace also thinks that blockchain, for all of its hype, has not yet meaningfully impacted real estate. Fifth Wall is optimistic that the technology will eventually develop, but real estate is behind the fintech curve.

Original author: Alex Nicoll

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Nov
11

Gala Games talks NFT games, art, and total independence as a superpower

Without offering any proof, famous tech investor Peter Thiel suggested this week that Google is a disloyal US company "infiltrated by Chinese intelligence."

His views were then echoed by Palantir co-founder Joe Lonsdale who said Google is "clearly not a patriotic company," while claiming the presence Chinese spies in US companies is "a known thing in Silicon Valley."

The claims of the two prominent Silicon Valley figures come at a time when China has become America's rival superpower, and a competitor in the global economy and technology.

The suggestions of mass Chinese spying were also unleashed at a particularly fraught moment. A US president is calling on elected women of color in the US Congress to go back to where they came from. On campuses, Chinese American scientists find themselves in what MIT's president warned could turn into "a toxic atmosphere of unfounded suspicion and fear."

Chinese Americans, and the broader Asian American community, have wrestled with such toxicity in the past. The unchecked xenophobia of military conflicts, such as the deportation of American citizens of Japanese ancestry to internment camps during WWII, is well known.

But the times when the country has confronted economic threats were also marked by the rise of dangerous discrimination that we'd do well to remember now.

When Japan was the 'threat'

Forty years ago, that threat was Japan.

In the 1980s, Japanese automakers were outselling their US counterparts which led to mass layoffs and rising anti-Japanese sentiment. "Japan was considered the enemy of America, not as a military threat, but as an economic threat," Bay Area-based writer Helen Zia told Business Insider.

It was a time of intense anti-Japanese bashing, she said. Laid off workers used sledgehammers to smash Japanese cars in public as a form of entertainment and to let off steam.

Hatred of the Japanese were expressed in other ways. Some used the offensive anti-Japanese images from World War II, such as including an illustration featuring a car with a sinister Asian face dropping what looked like an Atomic bomb on Detroit. One United Auto Workers poster said: "300,000 UAW members don't like your import. Please park it in Tokyo."

Anti-Japanese car sign from the 1980s. Helen Zia collection

In fact, in those days, driving a Japanese car became somewhat risky, particularly for Asians, Zia, who had worked in the auto industry in Detroit during those years, and was among the many who got laid off, said. "I didn't know any Asian American driving a Japanese made car," she recalled. "You really felt that you had a target on your back -- or in the case of Vincent Chin, on his head."

She was referring to the most prominent casualty of the wave of anti-Japanese hatred.

Vincent Chin was celebrating with friends at a Detroit bar in 1982 when he got into an argument with two unemployed auto workers, Ronald Ebens and Michael Nitz. Ebens, according to witnesses, told Chin, "It's because of you little m—f—s that we're out of work."

Death of Vincent Chin

Chin was actually Chinese American. The confrontation escalated outside the bar where Ebens confronted Chin and repeatedly beat him in the head with a baseball bat. Chin, who was 27, died four days later. Ebens and Nitz were convicted of manslaughter, sentenced to three years probation and ordered to pay a $3,000 fine.

The brutal killing of a Chinese American who became a target at a time of rising anti-Japanese hatred sparked a new wave of civil rights activism in the Asian American community.

Zia, who became a leader of that movement, points to similarities between the 80s and today, "with the rhetoric, innuendos and hate-mongering."

"Connecting the dots between that time and today is not a big leap," she said.

Today's anti-Chinese wave escalated with the Trump Administration's trade policies against China and its ban on Huawei. The wave has become particularly intense in academia prompting MIT President L. Rafael to speak out recently.

"We must take great care not to create a toxic atmosphere of unfounded suspicion and fear," he said in a June 25 letter to the MIT community. "Faculty members, post-docs, research staff and students tell me that, in their dealings with government agencies, they now feel unfairly scrutinized, stigmatized and on edge - because of their Chinese ethnicity alone."

Got a tip about Google or another tech company? Contact this reporter via email at This email address is being protected from spambots. You need JavaScript enabled to view it., message him on Twitter@benpimentel. You can also contact Business Insider securely via SecureDrop.

Original author: Benjamin Pimentel

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Jul
20

Vintage photos of the Apollo 11 moon mission show why it's still arguably NASA's greatest feat, 50 years later

In 1961, President John F. Kennedy put a monumental goal before Congress:

"I believe that this nation should commit itself to achieving the goal, before this decade is out, of landing a man on the moon and returning him safely to the Earth," Kennedy said. "No single space project in this period will be more impressive to mankind, or more important for the long-range exploration of space; and none will be so difficult or expensive to accomplish."

It took eight years to reach the moon after that, and NASA burned through $25.4 billion dollars before the Apollo program was finished. But on July 20, 1969, as people throughout the world gathered around fuzzy television sets, astronaut Neil Armstrong announced: "the Eagle has landed."

Here's how the US made it to the moon 50 years ago.

Original author: Hilary Brueck

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Jul
20

Buzz Aldrin walked on the moon 50 years ago today. Here's what the astronaut remembers most about NASA's Apollo 11 mission.

It's been half a century since Buzz Aldrin rocketed to the moon and walked upon its dusty, pockmarked surface, but his memory of that historic event is still as fresh as ever.

On July 16, 1969, Aldrin was just 39 years old when he boarded a small capsule atop a 363-foot-tall (111-meter-tall) Saturn V rocket and launched toward the moon. About four days later, on July 20, Aldrin and his commander, Neil Armstrong, climbed into a lunar lander. The two left fellow astronaut Mike Collins behind in the capsule, descended toward the lunar surface, and stepped outside.

In remembrance of NASA's historic feat on the eve of its 50th anniversary, watch brand Omega— which made the Speedmaster timepieces astronauts wore on the moon — spoke to Aldrin about his experiences.

Below are excerpts from Omega's exclusive interview with the moon walker and the moments he said defined Apollo 11.

Original author: Dave Mosher

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Jul
20

Colors: Rice Terraces, Moonlight - Sramana Mitra

I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I...

___

Original author: Sramana Mitra

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Nov
11

Video-level computer vision advances business insights

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I wrote about Zoom and Superhuman’s PR disasters. Before that, I noted the big uptick in VC spending in 2019.

Remember, you can send me tips, suggestions and feedback to This email address is being protected from spambots. You need JavaScript enabled to view it. or on Twitter @KateClarkTweets. If you don’t subscribe to Startups Weekly yet, you can do that here.

Now let’s talk about mental health startups. VCs may be confident in the potential of teletherapy, but struggling companies in the space tell another story.

Nine months ago Basis launched a website and app for guided conversations via chat or video with pseudo-therapists or people trained in research-backed approaches but who lack the same certifications as a counseling or clinical psychologist. I wrote a story noting that the company, led by former Uber VP Andrew Chapin, had raised a $3.75 million round from Bedrock, Wave Capital and Lightspeed Venture Partners.

But last month, things took a turn for the worse. Basis quietly shut down its website and app, its co-founder and chief science officer, Lindsay Trent, a former research psychologist at Stanford, exited and a good chunk of eight-person team went out the door.

Basis was one of many startups to benefit from VCs’ growing appetite for innovative businesses in the mental health sector. As the stigma associated with seeking mental health support has dwindled and technology developments have allowed for personalized mental health tools and practices, more entrepreneurs have entered the space. Basis, despite having many of the ingredients needed for startup success, couldn’t achieve success with its direct-to-consumer approach to therapy.

Basis co-founder and CEO Andrew Chapin (center) with the founding team last year

When asked why the Basis app and website were no longer active, Chapin said the company is in the process of “shifting business models.” He declined to provide further details. Lightspeed declined to comment. Wave Capital and Bedrock did not respond to requests for comment.

Basis, which did not claim to treat diagnosable conditions like bipolar disorder or schizophrenia, charged $35 per 45-minute phone call with its paraprofessionals. Its use of unlicensed therapists sparked concern in the mental health provider community. Harley Therapy founder Sheri Jacobson, an accredited counselor and psychotherapist, noted flaws with the service: “For me, replacing professional therapists and all of their lived experience and empathy with telepsychiatry administered by novice advisers could be potentially dangerous,” Jacobson said in a statement. “Would you let a learner driver navigate an oil tanker?”

What could go wrong?

“Because Basis works with paraprofessionals — people trained in research-backed approaches but who don’t have the same certifications as a counseling or clinical psychologist — it’s a much cheaper alternative to paying for a therapist.”

— Christina Farr (@chrissyfarr) October 4, 2018

Consumer mental health startups continue to attract capital from private market investors. Workplace mental health service Unmind, Blackthorn Therapeutics (a neurobehavioral health company using machine learning to create personalized medicine for mental health) and Talkspace (a leader in the online counseling space) have all closed funding rounds in 2019.

Whether Basis will find its footing is TBD. What’s clear is VCs are still willing to dole out checks as they experiment with the mental health space, but if startups don’t start proving viable business models and learn to navigate the complex adoption curve, we’ll see additional startups cease operations and mental health tech’s moment in the sun will end all too soon.

Now for a quick look at the top VC and startup news of the week:

Adam Neumann (WeWork) at TechCrunch Disrupt NY 2017

Adam Neumann did what?

The eccentric co-founder and CEO of the international real estate co-working startup WeWork has reportedly cashed out of more than $700 million from his company ahead of its upcoming IPO. According to Axios, a majority of that capital came in the form of loans while the remaining $300 million came from stock sales. The size and timing of the payouts is unusual, considering that founders typically wait until after a company holds its public offering to liquidate their holdings. But even with the big sale, Neumann remains the single largest shareholder in WeWork.

Medallia soars

The customer experience management platform priced shares of its stock at $21 apiece Thursday, closing up Friday a whopping 76%. Money left on the table? I think so, and I bet Bill Gurley does too. The nearly two-decades-old company sold a total of 15.5 million shares in its IPO, raising $326 million at a $2.5 billion valuation in the process. Medallia’s $268 million in VC funding came from Sequoia Capital — which owned a roughly 40% pre-IPO stake — Saints Capital, TriplePoint Venture Growth and Grotmol Solutions.

The stock was dramatically mispriced by an archaic hand allocated matching process that needs to go away. This is 2019 and everyone intelligent knows there is a better way to match supply and demand. These are failures.

— Bill Gurley (@bgurley) June 29, 2019


Uber finally sets diversity and inclusion goals

Within the next three years, Uber aims to increase the percentage of women at levels L5 and higher (manager and above) to 35% and increase the percentage of underrepresented employees at levels L4 and higher to 14%. Currently, Uber is 9.3% black and 8.3% Latinx compared to just 8.1% black and 6.1% Latinx last year. Uber’s tech team, however, is just 3.6% black, 4.4% Latinx and 2.7% multi-racial. Unsurprisingly, there’s little representation of black and brown people in leadership roles. While Uber CEO Dara Khosrowshahi commented that he’s proud the promotion rates for women have improved over the last couple of years, he added, “I can’t yet say the same for promotions for people of color.”

Email platforms and productivity apps and subscription tools, oh my!

Startups focused on improving productivity and email are unstoppable this year. The latest to close VC rounds are Substack and Notion. Andreessen Horowitz is betting that there’s still a big opportunity in newsletters, leading a $15.3 million Series A in Substack. The company, which consists of just three employees working out of a living room, says that newsletters on the platform have now amassed a total of 50,000 paying subscribers (up from 25,000 in October) and that the most popular Substack authors are already making hundreds of thousands of dollars per year. As for Notion, The Information reported this week that it raised $10 million at an $800 million valuation. Notion is a note-taking and task management app that hasn’t sought much VC funding and, as a result, VCs have been desperately knocking at its door.

Other notable funding events of the week:

India’s Oyo valued at $10B after founder buys back sharesCar-sharing marketplace Turo gets $250M at $1B valuationBanking startup N26 raises another $170M at $3.5B valuationPatreon secures $60M Series D, targets international growth and customizationBusiness travel SaaS startup TravelPerk nabs $60MEsports company 100 Thieves raises $35M Series BSerena Williams, Marc Cuban back Mahmee, a network for new moms

The trouble with blitzscaling

Silicon Valley has many dreams. One dream — the Hollywood version anyway — is for a down-and-out founder to begin tinkering and coding in their proverbial garage, eventually building a product that is loved by humans the world over and becoming a startup billionaire in the process. But when it comes to that Silicon Valley dream of a nice house from a decent return on exit, it’s getting narrower and less widely distributed. Blitzscaling is making a lot of people a lot of wealth, but early employees? Not so much.

Read more from TechCrunch editor Danny Crichton.

TechCrunch’s senior transportation reporter Kirsten Korosec.

Get ready for … The Station

TechCrunch senior transportation reporter Kirsten Korosec has something great in the works. All of us here at TechCrunch are very excited to announce The Station, a new TechCrunch newsletter all about mobility. Each week, in addition to curating the biggest transportation news, Kirsten will provide analysis, original reporting and insider tips on the fast-growing industry. Sign up here to get The Station in your inbox beginning in August.

~Extra Crunch~

While we’re on the subject of amazing TechCrunch #content, it’s probably time for a reminder for all of you to sign up for Extra Crunch. For a low price, you can learn more about the startups and venture capital ecosystem through exclusive deep dives, Q&As, newsletters, resources and recommendations and fundamental startup how-to guides. Here are some of my personal favorite EC posts from the past week:

The Roblox EC-1, Part 1: The Origin Story // How Roblox avoided the gaming graveyard and grew into a $2.5B company by Sherwood Morrison.What seed-stage dilution tells us about changing investor expectations // A little-noticed startup financing trend has big implications for how VC firms evaluate companies raising Series A and B rounds by Dale Chang.Which types of startups are most often profitable? // One answer: E-commerce, Chrome extensions, mobile apps, enterprise SaaS, SMB SaaS — in that order by Julian Shapiro.

#EquityPod

If you enjoy this newsletter, be sure to check out TechCrunch’s venture-focused podcast, Equity. In this week’s episode, available here, Equity co-host Alex Wilhelm and I debate Forbes’ latest next billion-dollar startups list.

Extra Crunch subscribers can read a transcript of each week’s episode every Saturday. Read last week’s episode here and learn more about Extra Crunch here. Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple PodcastsOvercast, Pocket Casts, Downcast and all the casts.

That’s all, folks.

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Aug
28

Hazelcast CEO on the rise of real-time translytics

Considering we rely on our smartphones for just about everything — from getting directions to listening to music and answering work emails — your phone's battery life can never last long enough.

If you find that your iPhone's battery life isn't meeting expectations, try managing the way your phone is refreshing apps in the background. Not only will it preserve some battery life, but it will probably cut down on your data usage too.

There are many adjustments you can make to save battery life: lowering the screen brightness, turning off location services for certain apps, and disabling push notifications for some apps are all great examples. You can also put your phone in Low Power Mode if you're low on juice, which reduces features like "Hey Siri" and automatic downloads among other features and pauses backing up your photos to iCloud.

But making changes to Background App Refresh can help extend battery life without sacrificing much functionality.

Here's a look at the various ways you can tweak the Background App Refresh setting on your iPhone to extend its battery life and preserve data.

Original author: Lisa Eadicicco

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Nov
11

1 vs. 100 is in the works at Microsoft

Connectivity is central to doing business today — enterprises rely on telecoms to connect the various sprawling parts of their businesses as they engage in digital transformation and modernize practices. It will become even more important as telecoms roll out their blazing-fast 5G networks, which enable near-instantaneous communication alongside complementary wireless protocols that let companies monitor assets scattered around the world.

5G and other next-generation networks can allow telecoms to become the key partner in enterprise connectivity, where they previously were one among many. But telecoms aren't uncontested in trying to take advantage of the growing opportunity in enabling enterprise transformation: Cloud, software, and technology vendors are also out for the market, setting the stage for a clash of titans between two connectivity models that will reign in different industry verticals.

In the Connectivity B2B Ecosystem Report, Business Insider Intelligence unpacks the enterprise telecommunications ecosystem at the cusp of the 5G era. First, we highlight the ways that companies employ telecommunications technology in business, both today and in the near future with 5G. Next, we look at the various types of companies involved in the wider ecosystem and explore the relationships between these company archetypes. Then, we examine the players involved in these relationships and look at specific efforts and initiatives that are driving change and transforming the companies involved. Finally, we look to some of the key trends that will define the next decade of B2B telecommunications.

Here are some key takeaways from the report:

Numerous multibillion dollar opportunities exist in enterprise connectivity services, including in verticals like heavy industry and manufacturing, the connected car market, and healthcare. Telecoms and tech companies headline the two competing models — tech-centric and connectivity-centric — for the focal point of the data-based services that burgeoning connectivity will support. Acquisitions, foundries, corporate partnerships, and developer outreach are some of the key tactics companies can explore to drive new sources of revenue in enterprise connectivity. Telecoms won't attain dominance in every sector — they need to gauge their capabilities and their competition on a range of factors before deciding whether to compete in a segment.

In full, the report:

Identifies the key types of companies involved in the enterprise connectivity ecosystem. Highlights some of the leading companies in the different segments of the ecosystem. Breaks down the leading models in the connectivity space and explains what conditions should dictate how the companies involved should approach it.

The companies mentioned in this report are: Amazon, Arm, Artik, Arundo Analytics, AT&T, C3 IoT, Cisco, Dell, Ericsson, Everactive, GE, Google, Hewlett Packard Enterprise, Hitachi, Honeywell, Huawei, IBM, Intel, MediaTek, Microsoft, Nokia, Nvidia, Oracle, Particle, PTC, Qualcomm, Salesforce, Samsung, SAP, Semtech, Siemens, Sierra Wireless, Sigfox, Splunk, Sprint, T-Mobile, and Verizon.

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 log in and read the report here.
Original author: Peter Newman

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Jul
20

1Mby1M Virtual Accelerator Investor Forum: With Hernan Fernandez of Angel Ventures Mexico (Part 5) - Sramana Mitra

Sramana Mitra: How relevant do you think is Silicon Valley to the B2C side of the Mexican venture ecosystem? Not just Mexican – Latin America. If you’re doing B2C, how relevant is Silicon...

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Original author: Sramana Mitra

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Jul
20

Thought Leaders in Healthcare IT: HealthGrid CEO and Serial Digital Health Entrepreneur Raj Toleti (Part 1) - Sramana Mitra

Raj has built and sold three HIT companies and is a real expert in the domain. Excellent discussion on the state of the union in the field and open opportunities that need entrepreneurial problem...

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Original author: Sramana Mitra

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Feb
06

Registration is now open for Disrupt SF 2020

Customer experience management platform Medallia (NYSE: MDLA) rose more than 70% in its New York Stock Exchange debut Friday.

The nearly two-decades-old business priced its shares at $21 apiece, the top of its proposed range, Thursday evening and traded as high as $39.54 the following morning. Medallia closed up roughly 76% at about $37 per share on Friday.

Medallia sold a total of 15.5 million shares in its IPO, raising $326 million at a $2.5 billion valuation in the process.

San Mateo-headquartered Medallia, led by chief executive officer Leslie Stretch, operates a platform meant to help businesses better provide for their customers. Its core product, the Medallia Experience Cloud, provides employees real-time data on customers collected from online review sites and social media. The service leverages that data to provide insights and tools to improve customer experiences.

The company is backed by four venture capital firms: Sequoia Capital — which owned a roughly 40% pre-IPO stake — Saints Capital, TriplePoint Venture Growth and Grotmol Solutions, the latter which invested a small amount of capital in 2010. Medallia has raised a total of $268 million in equity funding, including a $70 million Series F funding earlier this year.

Sequoia’s 40% stake was worth upwards of $1.8 billion at Medallia’s high price Friday.

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Feb
06

Scaling with Virality to 9 Million Users: Postman CEO Abhinav Asthana (Part 4) - Sramana Mitra

We’ve got great news for all the time-strapped female founders out there. Yeah, we’re looking at you, sister. We’re extending the application deadline to apply for the All Raise “ask me anything” (AMA) sessions at Disrupt SF 2019. Don’t miss this rare opportunity to meet with a leading female VC and, well, ask her anything. Apply for an AMA session by August 15.

Not familiar with All Raise? This startup nonprofit, dedicated to accelerating female founder success, will host a day-long AMA event on October 3 at Disrupt SF 2019 — in a dedicated section of Startup Alley. Each AMA session lasts 30 minutes and consists of three founders and one VC. All Raise expects more than 100 female founders to take part in at least 30 sessions scheduled throughout the day.

Don’t bring your pitches, bring your questions — the kind of questions that keep you up at night. It’s a rare opportunity to ask a leading VC advice on topics like your next raise, key hires, your competition. Imagine receiving business advice from any of these female VCs:

Dayna Grayson, NEASusan Lyne, BBGShauntel Garvey, Reach CapitalEurie Kim, ForerunnerJess Lee, SequoiaKara Nortman, UpfrontSara Guo, Greylock,Anarghya Vardhana, MaveronEva Ho, Fika VenturesSarah Smith, Bain Capital VenturesJess Lin, Work-Bench

You can apply for an All Raise AMA session if you’re a U.S.-based woman founder and you’ve raised at least $250,000 in a seed, A or B round. All Raise gives special consideration to founders from underrepresented groups (e.g. Black, Latinx or LGBTQIA women).

All Raise will review the applications and notify the founders. Acceptance is based on availability for session spots, investor fit with industry sector and company stage, as well as demand for certain categories.

If you’re selected, your next step is to buy any pass to Disrupt SF (including Expo Only). All Raise will send an email to let you know what time they’ve scheduled your session.

Networking opportunities of this caliber don’t come along very often — especially for women in tech. Build connections, learn from expert female VCs and move your startup forward. Take advantage of the deadline extension and apply for an AMA session before August 15. We want to see you in San Francisco!

If you are interested in sponsoring this event or exhibiting at Disrupt San Francisco 2019, fill out this form to get in contact with our sales team.

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Jul
19

India’s Oyo valued at $10B after founder purchases $2B in shares

The fast-growing Indian hospitality business Oyo has garnered a valuation of $10 billion after its founder, Ritesh Agarwal, purchased $2 billion in shares from venture capital firms Sequoia Capital and Lightspeed Venture Partners, the company announced Friday.

Agarwal, 25, founded Oyo in 2013 at the age of 19. Following immense growth of the now global hotel chain business, Agarwal opted to increase his 10% stake to 30% via a Cayman Islands company called RA Hospitality Holdings, according to The Wall Street Journal. SoftBank has also increased its percent ownership as part of this round, now owning nearly half of the company.

Oyo has raised a whopping $1.6 billion in equity funding to date, reaching a valuation of $5 billion at its last funding round. Other investors in the company include Airbnb, Grab Holdings and Didi Chuxing.

Oyo is active in 800 cities in 80 countries, with more than 23,000 hotels in its portfolio. Recently, the company announced plans to invest $300 million in the U.S. market, where it currently operates more than 50 Oyo Hotels in 35 cities and 10 states.

Earlier this week, the Gurgaon-headquartered firm introduced Oyo Workspaces. The new entity was born out of its acquisition of Innov8, a co-working startup with more than 200 employees. The four-year-old startup was acquired for about $30 million, according to reporting by TechCrunch’s Manish Singh.

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Jul
19

Self-driving startup AutoX expands beyond deliveries and sets its sights on Europe

AutoX, the Hong Kong and San Jose, Calif.-based autonomous vehicle technology company, is pushing past its grocery delivery roots and into the AV supplier and robotaxi business.

And now, it’s taking its business to Europe.

AutoX has partnered with NEVS — the Swedish holding company and electric vehicle manufacturer that bought Saab’s assets out of bankruptcy — to deploy a robotaxi pilot service in Europe by the end of 2020. Under the exclusive partnership, AutoX will integrate its autonomous drive technology into a next-generation electric vehicle inspired by NEVS’s “InMotion” concept that was shown at CES Asia in 2017.

This next-generation vehicle is being developed by NEVS in Trollhättan, Sweden. Testing of the autonomous NEVs vehicles will begin in the third quarter of 2019. The vehicles will hit public roads in Europe next year, the companies said. 

AutoX founder and CEO Jianxiong Xiao, commonly referred to as Professor X, noted that this particular vehicle is ideal for an autonomous taxi service because it is purpose-built for this specific application, doesn’t produce tailpipe emissions, can be used 24 hours a day and can help reduce the number of vehicles in the streets.

The companies ultimately want to deploy a large fleet of robotaxis globally.

The partnership with NEVs is the latest sign that AutoX has broader ambitions for its autonomous vehicle technology than delivery services. AutoX launched in 2016 and was initially focused on using self-driving vehicles for delivering packages, namely groceries. Last August, the startup kicked off a grocery delivery and mobile store pilot in a limited area in San Jose in partnership with GrubMarket.com and local high-end grocery store DeMartini Orchard.

But more recently, the company, which has raised about $58 million from venture and strategic investors, has expanded its plans. The company now wants to supply manufacturers with autonomous vehicle technology and launch its own robotaxi service.

In June, AutoX became the second company to receive permission from California regulators to transport passengers in its robotaxis. AutoX is calling its California robotaxi service xTaxi.

The California Public Utilities Commission has also granted Pony.ai, Waymo and Zoox permits to participate in the state’s Autonomous Vehicle Passenger Service pilot, which prohibits the companies from charging for these robotaxi rides.

Professor X has previously said his mission is to open up autonomous vehicles to everyone, and so this expansion shouldn’t come as a surprise. It’s a goal the company contends can be reached using economical (and better) hardware. The company does use light detection and ranging radar, known as lidar. But instead of loading up its self-driving vehicles with numerous expensive lidar units, AutoX relies more on cameras, which it argues have better resolution. The company’s proprietary AI algorithms tie everything together.

For now, the xTaxi pilot in California will be rather limited. It will operate in the same operational design domain as the delivery service in San Jose, an area of about five square miles. But the company clearly has ambitions to expand both in size and geographic reach. AutoX has more than 115 employees, and plans to hire more than 50 people this year.

The company is also working with San Jose city government to launch another pilot downtown. It has yet to reveal details, although the pilot could launch as early as next month.

AutoX also has a permit to operate a robotaxi service in Shenzhen, China. It’s not clear whether the company will operate this service on its own or follow the model it set in Europe with NEVS. It’s possible AutoX will partner with BYD in China. AutoX is already working with the Chinese company to integrate its AV tech into BYD vehicles.

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Apr
19

UK gov announces ‘Future Fund’, pledging £250M match funding for startups impacted by coronavirus

Deborah Eisenberg Contributor
Deborah Eisenberg is the founder of TechStarts PR, where she helps technology companies both big and small hone their message and reach their audience.

There comes a time for many startup companies where they either realize they need to do a nationwide rollout, or they need to actively target buyers in the middle of the country. If you are a startup on either the East or the West Coasts, it’s worth thinking about how this market might present its own set of unique challenges, and how you plan to overcome them.

There are a lot of misconceptions about what some people call “flyover country,” and as a San Francisco native who spent two decades in New York, Washington DC, and Boston before moving to Pittsburgh, I can assure you they are almost all wrong. Without getting into specifics, the reality of “middle America” is that it’s the same as anywhere else.

Income, education, world view, and waistlines are all varied. It’s pretty accurate that San Francisco possesses a culture obsessed with fitness and entrepreneurship, but California isn’t necessarily all like that, and if you think it is, I encourage you to go to Bakersfield, the Central Valley, or Eureka sometime.

In addition, just because the stereotypes are wrong doesn’t mean there’s nothing different about doing business here. As you think about how to conduct your rollout, here are some things you should consider:

Table of Contents

ResearchAudience Launch CalendarAdvertising YouthPublic RelationsPitfalls

Research

As with any market, research is key since it informs every other aspect of the rollout. Start by looking into who your competition is.

Since there are fewer VC-backed startups in middle America, and smaller companies tend to get less press, the research may be harder. However, there are some major universities that are actively putting money into their own Entrepreneurship programs and those spinoffs often do very well.

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