May
28

487th Roundtable For Entrepreneurs Starting NOW: Live Tweeting By @1Mby1M - Sramana Mitra

Eli Schwartz Contributor
Eli Schwartz is currently a growth advisor and the former Director of Growth at SurveyMonkey where he led the SEO strategy. Eli has been a columnist on the Huffington Post, the Y Combinator blog, Search Engine Land, Search Engine Journal and numerous other publications.

Amazon dominates the top ranking positions of Google for tens of thousands of ecommerce queries, but there are plenty of products in newer shopping categories where Amazon has not yet achieved SEO supremacy. Retailers in nascent verticals have an opportunity to follow Amazon’s SEO playbook and become the default ranking ecommerce website.

Achieving this success can be done purely by focusing on on-page SEO without the need to build a brand and a backlink portfolio that rivals Amazon.

For those unfamiliar with mechanisms of SEO, there are essentially two streams of SEO tactics

On-page SEO – This is anything to do with optimizing an actual page or website for maximum SEO visibility. Within this bucket will fall efforts such as the content of a page, metadata, internal links, URL/folder names,  and even things like images.Off-page SEO – A key component of Google’s algorithm is the quality and sometimes quantity of the links from external sites that point to a page or website. At a high level the better backlinks a page or website has the more authority the page has to rank in search.

On-page SEO teardown

Delving into just their on-page SEO, their tactics can be divided into four distinct areas which we will go through in detail.

ContentSEO site architectureCross-linkingPage layout

If you are following along with this process, make sure to log out of your Amazon account or open up an incognito window. Google only views the logged out version of the site, so all of Amazon’s SEO efforts are focused there.

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Mar
24

Thought Leaders in Cloud Computing: Chris Nguyen, CEO of LogDNA (Part 2) - Sramana Mitra

Freelance marketplace Fiverr has filed to go public on the New York Stock Exchange.

The company, which is headquartered in Tel Aviv, is losing money — its net losses grew from $19.3 million in 2017 to $36.1 million in 2018. At the same time, revenue grew by nearly 45%, from $52.1 million to $75.5 million.

“Our mission is to change how the world works together,” Fiverr says in the filing. “We started with the simple idea that people should be able to buy and sell digital services in the same fashion as physical goods on an e-commerce platform. On that basis, we set out to design a digital marketplace that is built with a comprehensive SKU-like services catalog and an efficient search, find and order process that mirrors a typical e-commerce transaction.”

Fiverr was founded in 2010 and, thanks in part to controversial marketing, is seen as a key player in the gig economy. It says it has facilitated more than 50 million transactions between 5.5 million buyers and 830,000 freelancers (who sell services like logo design, video creation and editing, website development and blog writing).

The company says its advantages include the breadth of the marketplace and a network effect where the number and success of buyers and freelancers on the site draws more buyers and freelancers. It also says its marketplace can be easily scaled up as it adds more freelancers from around the world.

As for risk factors, the filing points to the need to continue growing the community, the possibility that the overall freelance market may not grow as quickly as the company expects and he aforementioned history of losses.

Fiverr previously raised $111 million in venture funding, according to Crunchbase, from Bessemer Venture Partners, Accel, Square Peg Capital, Qumra Capital and others. It’s also made some acquisitions in recent years, including content marketing marketplace ClearVoice and And Co, which made software for freelancers.

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Mar
24

Formlabs Covid-19 Support Network

Gleb Kuznetsov refuses to settle for less. After spending years leading product design for startups and corporate clients, Gleb started a boutique branding agency, Milkinside, that helps clients translate new technologies into useful products.

Gleb and his team of experienced creators are committed to serving the end user, which is why they love taking products from zero to launch. Their services are expensive, partly due to their expertise in product development, motion graphic design and animation, but we spoke to Gleb about why Milkinside is more than just a branding agency and how they strive to be the best.

Why Gleb created Milkinside:

“I wanted to create a team that wasn’t just an agency that companies could contract, but a partner that would support the client’s product development from beginning to end. Everything from the product narrative, product branding, product design, UI user experience, motion design, design languages, motion design languages, etc. I looked around the industry and didn’t see what I was envisioning so I created my dream company, Milkinside, in 2018.”

“Gleb has one of those rare skills that can make ordinary, plain parts of a design come to life and doing so in a beautiful and useful way. Always pushing the boundaries.” Jacob Hvid, Stockholm, Sweden, CEO and Co-founder at Abundo

On common founder mistakes:

“There are a lot of founders who believe they created useful technology and are absolutely certain people will use it. But everything is moot if users aren’t able to understand your product narrative and how it fits into their lives. Establishing a product narrative at an early stage is essential. A lot of founders will try to create a minimum viable product as soon as possible, but they aren’t thinking about the narrative, branding, the product design, and how everything comes together.”

Below, you’ll find the rest of the founder reviews, the full interview, and more details like pricing and fee structures. This profile is part of our ongoing series covering startup brand designers and agencies with whom founders love to work, based on this survey and our own research. The survey is open indefinitely, so please fill it out if you haven’t already.

Interview with Milkinside Founder and Director of Product Design Gleb Kuznetsov

Yvonne Leow: Can you tell me a little bit about yourself and how you got into the world of branding and design?

Gleb Kuznetsov: I was 10 years old when I started programming and learning different coding languages. At the age of 15, I shifted to design and became pretty passionate about what could be possible in the digital world. I worked as a product designer for 15 years before I started Milkinside. I worked for big consumer product companies across various verticals and platforms. When I was a chief design officer at a startup, I was responsible for everything from the product design, UI design, branding, advertising to producing product explainer videos.

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May
16

MultiVu raises $7M seed round for its next-gen 3D sensor

MultiVu, a Tel Aviv-based startup that is developing a new 3D imaging solution that only relies on a single sensor and some deep learning smarts, today announced that it has raised a $7 million seed round. The round was led by crowdfunding platform OurCrowd, Cardumen Capital and Hong Kong’s Junson Capital.

Tel Aviv University’s TAU Technology Innovation Momentum Fund supported some of the earlier development of MultiVu’s core technology, which came out of Prof. David Mendlovic’s lab at the university. Mendlovic previously co-founded smartphone camera startup Corephotonics, which was recently acquired by Samsung.

The promise of MultiVu’s sensor is that it can offer 3D imaging with a single-lens camera instead of the usual two-sensor setup. This single sensor can extract depth and color data in a single shot.

This makes for a more compact setup and, by extension, a more affordable solution as it requires fewer components. All of this is powered by the company’s patented light field technology.

Currently, the team is focusing on using the sensor for face authentication in phones and other small devices. That’s obviously a growing market, but there are also plenty of other applications for small 3D sensors, ranging from other security use cases to sensors for self-driving cars.

“The technology, which passed the proof-of-concept stage, will bring 3D Face Authentication and affordable 3D imaging to the mobile, automotive, industrial and medical markets,” MultiVu CEO Doron Nevo said. “We are excited to be given the opportunity to commercialize this technology.”

Right now, though, the team is mostly focusing on bringing its sensor to market. The company will use the new funding for that, as well as new marketing and business development activities.

“We are pleased to invest in the future of 3D sensor technologies and believe that MultiVu will penetrate markets, which until now could not take advantage of costly 3D imaging solutions,” said OurCrowd Senior Investment Partner Eli Nir. “We are proud to be investing in a third company founded by Prof. David Mendlovic (who just recently sold CorePhotonics to Samsung), managed by CEO Doron Nevo – a serial entrepreneur with proven successes and a superb team they have gathered around them.”

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Nov
14

Moveworks snags $75M Series B to resolve help desk tickets with AI

Sramana Mitra: I understand when you are working with Hive companies feeding into your venture fund. When you’re working with the more general market of people approaching you, what are you...

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Original author: Sramana Mitra

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May
28

1Mby1M Virtual Accelerator Investor Forum: With Garrett Goldberg of Bee Partners (Part 4) - Sramana Mitra

Replex wants to help track cloud spending, but with a cloud native twist, and today it announced a $2.45 million seed round. The company previous raised $1.68 million in 2017 for a total of $4.15 million so far.

As companies shift to a cloud native environment, and move ever more quickly, it is increasingly important to get visibility into how development and operations teams are using resources in the cloud. Replex is designed to give more visibility into spending and to help optimize the container environment in the most economical way.

Company CEO and co-founder Patrick Kirchhoff says the product is about controlling spending in a cloud native context. “The Replex platform enables operators, finance and IT managers to see who spends what. We allow them then to right-size clusters, pods and container sizes for optimal results, and they are able to control the cost, manage chargebacks and find [optimal] capacity,” he explained.

Replex cloud spending control panel. Screenshot: Replex

While there are variety of similar cloud cost control startups out there, Kirchoff says his company has been purpose built for cloud native environments and that is a key differentiating factor. “We see that the way organizations work has completely changed because with the move to cloud native infrastructure, teams within the business lines are now able to provision infrastructure on their own. Central IT departments still need to control costs and govern these resources, but they don’t have the tools to do that anymore because the existing tools are built on architectures for traditional infrastructure, and not for the cloud native approach,” he said.

Kirchoff says that developers tend to over provision just to be on the safe side, but using data from Replex, customers can figure out the optimal amount to provision for a particular workload, work with development teams, and that can save money in the long run.

Investors across the two rounds include Entrepreneurs Investment Fund, eValue, EnBW New Ventures, High-Tech Gruenderfonds (HTGF) and Technologiegruenderfonds Sachsen (TGFS). The company is currently participating in the Alchemist Accelerator . The latest round closed in December. The previous one in May 2017.

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Mar
23

Ceros launches MarkUp, a design collaboration tool for live websites

According to a recent ResearchAndMarkets report, the global security and vulnerability management market is expected to grow to $14.7 billion by the year 2024. Organizations of all sizes are expected...

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Original author: MitraSramana

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May
16

444th Roundtable For Entrepreneurs Starting NOW: Live Tweeting By @1Mby1M - Sramana Mitra

Today’s 444th FREE online 1Mby1M Roundtable For Entrepreneurs is starting NOW, on Thursday, May 16, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. Click here to join. All are...

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Original author: Maureen Kelly

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May
16

444th Roundtable For Entrepreneurs Starting In 30 Minutes: Live Tweeting By @1Mby1M - Sramana Mitra

Today’s 444th FREE online 1Mby1M Roundtable For Entrepreneurs is starting in 30 minutes, on Thursday, May 16, at 8 a.m. PDT/11 a.m. EDT/5 p.m. CEST/8:30 p.m. India IST. Click here to join. All...

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Original author: Maureen Kelly

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Mar
05

Former Dropbox exec Ilya Fushman is joining Kleiner Perkins from Index Ventures

As we swing into the summer tourist season, a company poised to capitalise on that has raised a huge round of funding. GetYourGuide — a Berlin startup that has built a popular marketplace for people to discover and book sightseeing tours, tickets for attractions and other experiences around the world — is today announcing that it has picked up $484 million, a Series E round of funding that will catapult its valuation above the $1 billion mark.

The funding is a milestone for a couple of reasons. GetYourGuide says it is the highest-ever round of funding for a company in the area of “travel experiences” (tours and other activities) — a market estimated to be worth $150 billion this year and rising to $183 billion in 2020. And this Series E is also one of the biggest-ever growth rounds for any European startup, period.

The company has now sold 25 million tickets for tours, attractions and other experiences, with a current catalog of some 50,000 experiences on offer. That’s a sign of strong growth: in 2017 it sold 10 million tickets, and its last reported catalog number was 35,000. It will be using the funding to build more of its own “Originals” tour experiences — which have now passed the 40,000 tickets sold mark — as well as to build up more activities in Asia and the U.S., two fast-growing markets for the startup.

The funding is being led by SoftBank, via its Vision Fund, with Temasek, Lakestar, Heartcore Capital (formerly Sunstone Capital) and Swisscanto Invest among others also participating. (Swisscanto is part of Zürcher Kantonalbank: GetYourGuide was originally founded in Zurich, where the founders had studied, and it still runs some R&D operations there.) The company has now raised well over $600 million.

It’s notable how SoftBank — which is on the hunt for interesting opportunities to invest its $100 billion superfund — has been stepping up a gear in Germany to tap into some of the bigger tech players that have emerged out of that market, which today is the biggest in Europe. Other big plays have included €460 million into Auto1 and €900 million into payments provider Wirecard. Other companies it has backed, such as hotel company Oyo out of India, are using its funding to break into Europe (and buy German companies in the process).

There had been reports over the last several months that GetYouGuide was in the process of raising anywhere between $300 million and more than $500 million. In late April, we were told by sources that the round hadn’t yet closed, and that numbers published in the media up to then had been inaccurate, even as we nailed down that SoftBank was indeed involved in the round.

The valuation in this round is not being disclosed, but CEO Johannes Reck (who co-founded the app with Martin Sieber, Pascal Mathis, Tobias Rein and Tao Tao) said in an interview with TechCrunch that it was definitely “now a unicorn” — meaning that its valuation had passed the $1 billion mark. For additional context, the rumor last month was that GetYourGuide’s valuation was up to €1.6 billion ($1.78 billion), but I have not been able to get firm confirmation of that number.

From hip replacements to hipsters

GetYourGuide’s growth — and investor interest in it — has closely followed the rise of new platforms like Airbnb that have changed the face of how we travel, and what we do when we get somewhere. We have moved far beyond the days of visiting a travel agent that books everything, from flight to hotel to all your activities, as you sit on the other side of a desk from her or him. Now with the tap of a finger or the click of a mouse, we have thousands of choices.

Within that, GetYourGuide thinks that it has jumped on an interesting opportunity to rethink the activity aspect of tourism. Tour packages and other highly organized travel experiences are often associated with older people, or those with families — essentially people who need more predictability when they are not at home.

Reck noted that the earliest users of GetYourGuide in 2010 were precisely those people — or at least those who were more inclined to use digital platforms to begin with: the demographic, he said, was 40-50 year olds, most likely travelling with family.

That is one thing that has really started to change, in no small part because of GetYourGuide itself. Making the experience of booking experiences mobile-friendly, GetYourGuide has played into the culture of doing and showing, which has propelled the rise of social media.

“They want to do things, to have something to post on Instagram,” he said. The average age of a GetYourGuide user now, he said, is 25-40.

This has even evolved into what GetYourGuide provides to users. “At some point, staff in Asia had the idea of crafting a ‘GetYourGuide Instagram Tour of Bali.’ That really took off, and now this is the number-one tour booked in the region.” It has since expanded the concept to 50 destinations.

Not by coincidence, today the company is also announcing that Ameet Ranadive is joining as the company’s first chief product officer. Ranadive comes from Instagram, where he led the Well-being product team (the company’s health and safety team). He’d also been VP and GM of Revenue Product at Twitter. Nils Chrestin is also coming on as CFO, having recently been at Rocket Internet-incubated Global Fashion Group.

That has also led GetYourGuide to conclude it has a ways to go to continue developing its model and scope further, expanding into longer sightseeing excursions, beyond one or two-hour tours into day trips and even overnight experiences.

As it continues to play around with some of these offerings, it’s also increasingly taking a more direct role in the branding and the provision of the content. Initially, all tickets and tours were posted on GetYourGuide by third parties. Now, GetYourGuide is building more of what Reck calls “Originals” — which it might develop in partnership with others but ultimately handles as its own first-party content. (That Instagram tour was one of those Originals.)

It’s worth noting that others are closing in on the same “experiences” model that forms the core of GetYourGuide’s business: Airbnb, to diversify how it makes revenues and to extend its touchpoints with guests beyond basic accommodation bookings, has also started to sell experiences. Meanwhile, daily deals pioneer Groupon has also positioned itself as a destination for purchasing “experiences” as a way to offset declines in other areas of its business. Similarly, travel portals that sell plane tickets regularly default to pushing more activities on you.

Reck pointed out that the area of business where GetYourGuide is active is becoming increasingly attractive to these players as other aspects of the travel industry become increasingly commoditised. Indeed, you can visit dozens of sites to compare pricing on plane tickets, and if you are flexible, pick up even more of a bargain at the last minute. And the rise of multiple Airbnb-style platforms offering private accommodation has made competition among those supplying those platforms — as well as hotels — increasingly fierce.

All of that leaves experiences — for now at least — as the place where these companies can differentiate themselves from the pack. Reck believes that focusing on this, however, means you just do it much better than companies that have added experiences on to a platform that is not a native destination for discovering or buying that kind of content or product. (That doesn’t mean there aren’t others natively tackling “experiences” from the world of startups. Klook is one also funded by SoftBank.)

“Consumers, especially millennials, are spending an increasing portion of their disposable income on travel experiences. We believe GetYourGuide is leading this seismic shift by consolidating the fragmented global supply base of tour operators and modernizing access for travelers globally,” said Ted Fike, partner at SoftBank Investment Advisers, in a statement. “This combination creates powerful network effects for their business that is fueling their strong growth. We are excited to partner with their passionate and talented leadership team.” Fike is joining the board with this round.

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Apr
03

WeWork acquires Managed by Q

OpenFin, the company looking to provide the operating system for the financial services industry, has raised $17 million in funding through a Series C round led by Wells Fargo, with participation from Barclays and existing investors including Bain Capital Ventures, J.P. Morgan and Pivot Investment Partners. Previous investors in OpenFin also include DRW Venture Capital, Euclid Opportunities and NYCA Partners.

Likening itself to “the OS of finance,” OpenFin seeks to be the operating layer on which applications used by financial services companies are built and launched, akin to iOS or Android for your smartphone.

OpenFin’s operating system provides three key solutions which, while present on your mobile phone, has previously been absent in the financial services industry: easier deployment of apps to end users, fast security assurances for applications and interoperability.

Traders, analysts and other financial service employees often find themselves using several separate platforms simultaneously, as they try to source information and quickly execute multiple transactions. Yet historically, the desktop applications used by financial services firms — like trading platforms, data solutions or risk analytics — haven’t communicated with one another, with functions performed in one application not recognized or reflected in external applications.

“On my phone, I can be in my calendar app and tap an address, which opens up Google Maps. From Google Maps, maybe I book an Uber . From Uber, I’ll share my real-time location on messages with my friends. That’s four different apps working together on my phone,” OpenFin CEO and co-founder Mazy Dar explained to TechCrunch. That cross-functionality has long been missing in financial services.

As a result, employees can find themselves losing precious time — which in the world of financial services can often mean losing money — as they juggle multiple screens and perform repetitive processes across different applications.

Additionally, major banks, institutional investors and other financial firms have traditionally deployed natively installed applications in lengthy processes that can often take months, going through long vendor packaging and security reviews that ultimately don’t prevent the software from actually accessing the local system.

OpenFin CEO and co-founder Mazy Dar (Image via OpenFin)

As former analysts and traders at major financial institutions, Dar and his co-founder Chuck Doerr (now president & COO of OpenFin) recognized these major pain points and decided to build a common platform that would enable cross-functionality and instant deployment. And since apps on OpenFin are unable to access local file systems, banks can better ensure security and avoid prolonged yet ineffective security review processes.

And the value proposition offered by OpenFin seems to be quite compelling. OpenFin boasts an impressive roster of customers using its platform, including more than 1,500 major financial firms, almost 40 leading vendors and 15 of the world’s 20 largest banks.

More than 1,000 applications have been built on the OS, with OpenFin now deployed on more than 200,000 desktops — a noteworthy milestone given that the ever-popular Bloomberg Terminal, which is ubiquitously used across financial institutions and investment firms, is deployed on roughly 300,000 desktops.

Since raising their Series B in February 2017, OpenFin’s deployments have more than doubled. The company’s headcount has also doubled and its European presence has tripled. Earlier this year, OpenFin also launched it’s OpenFin Cloud Services platform, which allows financial firms to launch their own private local app stores for employees and customers without writing a single line of code.

To date, OpenFin has raised a total of $40 million in venture funding and plans to use the capital from its latest round for additional hiring and to expand its footprint onto more desktops around the world. In the long run, OpenFin hopes to become the vital operating infrastructure upon which all developers of financial applications are innovating.

Apple and Google’s mobile operating systems and app stores have enabled more than a million apps that have fundamentally changed how we live,” said Dar. “OpenFin OS and our new app store services enable the next generation of desktop apps that are transforming how we work in financial services.”

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Jun
25

Almost 40% of LGBTQ tech employees that participated in a survey said they've witnessed homophobic discrimination and harassment at work

Kapten, the French ride-hailing app backed by Daimler and BMW, has today launched in London, coupled with a feisty ad campaign taking a swipe at Uber’s tax arrangements.

It follows Kapten (formerly called “Chauffeur Prive”) obtaining a license from TfL, London’s transport regulator, to operate its private-hire vehicle (PHV) service in the U.K. capital city. The company first launched in France in 2012, growing quickly in Paris, and has since expanded to Lisbon and Geneva.

Specifically, Kapten’s new billboard ad campaign calls out Uber for avoiding local sales tax: “Others avoid paying VAT in the UK – that’s not uber cool.” In contrast, Kapten says it pay taxes locally in every market in which it operates. The ad then goes on to tell Londoners that using Kapten “might just be your best decision today.”

In a press release driving home the point, Kapten notes that Uber has faced criticism in the U.K. for paying little tax to the U.K. government and avoiding VAT on top of its service fee due to the U.S. company’s Dutch tax location.

“Uber had an estimated £1bn of ride bookings in the U.K. in 2018. If 20 percent VAT was added to its 25 percent commission, the U.K. Exchequer would get an additional £50m per year,” says Kapten.

Meanwhile, Kapten’s newly launched London service should be available in zones 1 to 5 as of today. The ride-hailing app is also launching with a 50%-off offer on rides. After launch, Kapten claims that its low pricing will still mean fares are on average 20% cheaper than competitors.

“Trips in the congestion charge zone will be at least £2 cheaper than Uber due to congestion and clean-air fees,” says the French company, promising to cover the congestion charge on behalf of its drivers for the rest of 2019.

Adds Mariusz Zabrocki, London general manager of Kapten, in a statement: “There has been one dominant, over-confident ride-hailing player in London and it’s time to shake things up. We believe London’s private-hire drivers, commuters and residents deserve better. Each time a Londoner takes an Uber ride, 60p is lost that could finance the NHS, schools and other parts of the U.K.” economy.

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Jul
27

August 7 – Rendezvous Meetup with Sramana Mitra in Menlo Park, CA - Sramana Mitra

I’ve been working on the Startup Visa since I first wrote about it 2009 in my post The Founders Visa Movement. After a decade, it’s clear that our federal government has broadly failed us on this front.

In 2015, I announced the Global EIR initiative to try something different. Today, I’m happy to welcome the University of Michigan to the Global EIR network. Applications are now open to become a Global Entrepreneur in Residence at the University of Michigan’s Economic Growth Institution (EGI). Interested applicants can learn more about the program, fill out an application form, and reach out to This email address is being protected from spambots. You need JavaScript enabled to view it. at Global Detroit.

For founders, this announcement means access to a startup visa, with a long runway, and a path to a green card. Global EIR founders will use their experience as founders to support EGI’s mission of helping other Michigan-based companies develop and execute growth strategies while simultaneously building their startups without worrying about their visa status.

From a broader perspective, the Global EIR program attracts international founders to Michigan. The goal of the Michigan coalition, led by Global Detroit and joined by the William Davidson Foundation, EGI, and Global EIR, is to contribute to the Detroit renaissance and demonstrate how startups are a critical part of economic growth in the 21st century. Thank you in particular to the William Davidson Foundation for their generous support to launch Global EIR in Michigan.

If you’re interested in learning more, I encourage you to look at the detailed information on Global Detroit’s site and apply. They are looking for high-growth international founders primarily in the STEM sector who have a need for an H1B visa and would like to establish their business in southeastern Michigan. Once approved by Global Detroit and EGI, the founder is offered a stipend for working part-time (10-20 hours a week) at the university, along with receiving entrepreneurial guidance and resources to help grow their business.

As of today, Global EIR has helped over 80 founders solve their visa issues. Their companies have raised $450 million and employ nearly 900 people. I’m excited by the progress being made despite frustrating inaction from Washington DC after a decade of conversation about creating a startup visa. Local action by leaders like Global Detroit, EGI, and the William Davidson Foundation is where solutions arise.

Amy and I are proud to be supporting the Global EIR program and the Global EIR Coalition. If you are interested in getting involved and bringing the Global EIR to your state, This email address is being protected from spambots. You need JavaScript enabled to view it. and I’ll connect you with the right person.

Original author: Brad Feld

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Jul
28

Osmos emerges from stealth to unify enterprise data

TodayTix, a mobile ticketing company that makes it easy and relatively affordable to go to Broadway shows and other live performances, is announcing a new $73 million round of funding led by private equity firm Great Hill Partners.

Founded in 2013, the company initially served as the mobile equivalent of New York’s TKTS booths for discounted, last-minute theater tickets. TodayTix says it’s now sold more than 4 million tickets, representing 8% of annual Broadway ticket sales and 4% for London’s West End.

Beyond that, co-founder and CEO Brian Fenty said that a little over 10% of the tickets sold now fall outside “theater and performing arts, narrowly defined,” covering things like comedy shows and experiential theater.

“I think to the consumer, we will be a holistic ecosystem to engage in the city’s art and experiences,” Fenty predicted. “However culture is defined … we want to be their partner in discovering those things.”

To do that, TodayTix will add more cities to its current list of 15 markets. Fenty said this expansion is driven by existing collaborations (like launching in Australia through its partnership with “Harry Potter and the Cursed Child”) and by seeing where people are already downloading the TodayTix app. His ultimate goal is to be “geographically agnostic.”

Fenty also said the company will continue investing in the TodayTix Presents program, through which the company puts on its own shows (albeit at a much smaller scale than a Broadway production).

And of course he wants to improve the app itself, introducing more personalization and curation — Fenty pointed to Netflix and Amazon as models. After all, he said TodayTix is currently offering tickets to 297 shows in New York alone, so it needs ways to “effectively guide people through that.”

“We’re actually a media company, with our own content and perspective — not on the quality of the shows, but to have a point of view on how users should and could engage with this content,” he said.

He added that those improvements will include more basic things, like the process of purchasing a ticket: “The hardest part is to complete the purchase in 30 seconds or less, as compared to the average ticketing platform, which is somewhere between 3 and 7 minutes … How we continue to squish that conversion?”

Fenty is also hoping to work more closely with show producers, providing them with data about which shows are selling, as well as helping them use data to find the most effective ways to promote themselves.

TodayTix says it’s raised a total of $90 million since it announced its Series B back in February 2016. Fenty told me the new round includes a direct investment in the company, as well as secondary purchases of TodayTix shares from previous investors.

“TodayTix is rapidly changing the way millennials and other consumers connect with live cultural experiences,” said Great Hill Managing Partner Michael Kumin in a statement. “We look forward to working with Brian, [co-founder] Merritt [Baer] and their talented management team to expand the Company’s product and service offerings and accelerate its push into new geographies.”

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Jun
05

10 things in tech you need to know today

AI would be useful for tons of everyday tasks for small businesses and other operations — if people just knew how to build and deploy their own machine learning agent. Unfortunately, few do. Edge-based AI startup Xnor.ai aims to let non-experts put state of the art AI to work as easily as they might update their website.

The company just kicked off a new platform called AI2GO that basically collects all the most common applications and hardware platforms for edge-based AI in one place and lets you download them with little or no expertise.

“Developing AI is just hard,” founder and CEO Ali Farhadi told TechCrunch. “There’s not a lot of people who can do it. And deploying to an edge device is even harder — you have to worry about power consumption, memory limits, and all that. So now you have to have both AI and systems experts.”

Good luck snagging those if you’re a small business owner who just thinks it’d be cool to know how many people are in their restaurant at any given time. Even relatively accessible, widely available frameworks like TensorFlow on which to train and deploy AI are impractical for anyone without domain expertise. AI2GO is aimed directly at these people, who are tech-savvy but can’t provide 10,000 pictures of cars or people to build a custom computer vision model for their purposes.

“Generic platforms let you train your own models, but in lots of businesses and applications you don’t need to — there’s already a solution out there. Say you’re a parking lot owner, you want to monitor cars going in and out or something,” Ali proposed. “With AI2GO you just click the model, like car recognition, then select your hardware [e.g. the security camera chipset or Raspberry Pi 0]. Then you can turn some dials up and down and an Xnor bundle is created to respect your constraints.”

That bundle is a fully functioning edge-based AI system composed of the model or models you’ve selected, customized to meet power or memory restrictions. You install it according to the instructions (you’ll need some idea of how to build and deploy software here — this isn’t for babies) and in a few minutes you should have a working car-detection model running in real time on the camera you’ve already got. The process looks like this:

Farhadi compared it to something like Stripe. If you’re starting a shop online, you don’t want to build a payment processor from scratch, yet you do need something tuned to your needs. The company already creates custom high-performance edge AI models for enterprise customers, but found that small and medium-sized businesses were not only interested in a similar product, but often had similar tasks.

There are a bunch of pre-trained models, running the gamut from cat detectors to gesture identification. Here’s a sampling of what’s available:

Person detector – provides bounding boxes for any person on cameraPerson segmenter – detects and separates a person’s body from the backgroundFacial expression classifier – get readings for anger, fear, happiness and so onSports object detector – identify and bound things like balls, tennis rackets, skis, etc.Action classifier – spot common human actions like playing an instrument, pushing something, riding a bike, climbing, runningKitchen object and food classifiers: label common food items (apples, condiments) and kitchen items (spoons, mugs)Car cabin item detector: bound keys, people, phones and other stuff you might find (or leave) in the carCar model classifier: identify common makes and models of cars

There are lots more, and multiples of one type for different purposes; a person detector for a car’s camera will naturally be different from the one used for smart home or security purposes.

You can’t mix and match items yet — that’s likely to come in an upcoming version, alongside new hardware platforms and the ability to bring your own data.

The license model is fairly straightforward: The model you download is free if you’re just experimenting or using it for personal purposes, but once you deploy it commercially you have to apply for a license. There’s also an SDK with code samples and demos if you want to check it out without building your own.

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Jul
24

Uber is putting its self driving cars back on public roads for the first time since a fatal accident

Lilium, the Munich-based startup developing an on-demand “air taxi” service, has unveiled a new five-seater prototype and is announcing to the world that a maiden flight for the new device was successfully completed earlier this month.

It’s not the first time a Lilium Jet — the company’s all-electric vertical take-off and landing (VTOL) device — has taken to the sky, but it is the first time the new five-seater has taken off and landed, following extensive ground testing. Lilium published a video of a two-seater version’s inaugural flight just over two year’s ago.

The new five-seater is a full-scale, full-weight prototype that is powered by 36 all-electric jet engines to allow it to take-off and land vertically, while achieving “remarkably efficient horizontal or cruise flight,” says Lilium.

In a call, Lilium co-founder and CEO Daniel Wiegand described the test flight, which was a little behind schedule, as a huge step toward making urban air mobility a reality. The new jet performed in the sky as the company’s models and ground testing had predicted, providing much needed validation for the Lilium team.

The significance of getting to five seats shouldn’t be underestimated, either, as Lilium isn’t in the aircraft design and manufacturing business, but sees itself as a fully vertical mobility-as-a-service company, akin to an Uber of the skies, if you will. The technology, as groundbreaking as it needs to be, is an engineering means to an end: intercity travel that is less expensive, quicker and kinder on the environment. That’s the hugely ambitious aim, anyway.

With a top speed of 300 km/h and a range of 300 km, Lilium claims its jet is capable of completing much longer journeys than the majority of its competitors. This is, in part, thanks to the fixed wing design of the aircraft. This will see it rely on the lift generated by the fixed wing to remain in the air, meaning it will require less than 10% of its maximum 2,000 horsepower during cruise flight.

“This efficiency, which is comparable to the energy usage of an electric car over the same distance, means the aircraft would not just be capable of connecting suburbs to city centres and airports to main train stations, but would also deliver affordable high-speed connections across entire regions,” says Lilium.

For the record, the latest Lilium Jet first took to the air at 08.03 local time in Munich, Germany on 4th May 2019. The prototype aircraft was controlled remotely from the ground and Wiegand says it will now undergo a more rigorous flight test campaign to lay the foundations for certification of the aircraft against commercial aircraft safety standards. The next big milestone will be achieving transition flight where the aircraft moves from vertical take-off to horizontal flight.

Wiegand also told me Lilium still expects to be fully operational in various cities around the world by 2025. However, trial services will start earlier in several yet-to-be-revealed locations.

The company is backed by Tencent; LGT, the international private banking and asset management group; Atomico, Lilium’s Series A backer founded by Skype co-founder Niklas Zennström; and Obvious Ventures, the early-stage VC fund co-founded by Twitter’s Ev Williams.

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Mar
23

1Mby1M Virtual Accelerator Investor Forum: With Matt Carbonara of Citi Ventures (Part 1) - Sramana Mitra

Microsoft has selected seven lucky startups to receive grants from its AI for Accessibility program. The growing companies aim to empower people with disabilities to take part in tech and the internet economy, from improving job searches to predicting seizures.

Each of the seven companies receives professional-level Azure AI resources and support, cash to cover the cost of data collection and handling and access to Microsoft’s experts in AI, project management and accessibility.

Companies apply online and a team of accessibility and market experts at Microsoft evaluate them on their potential impact, data policies, feasibility and so on. The five-year, $25 million program started in 2018, and evaluation is a rolling process with grants coming out multiple times per year. This one happens to be on Global Accessibility Awareness Day. So be aware!

Among this round’s grantees is Our Ability, a company started by John Robinson, who was born without complete limbs, and all his life has faced serious challenges getting and keeping a job. The unemployment rate for people with disabilities is twice that of people without, and some disabilities nearly preclude full-time employment altogether.

Yet there are still opportunities for such people, who are just as likely to have a head for project management or a knack for coding as anyone else — but they can be difficult to find. Robinson is working on a site that connects companies with jobs suited to disabled applicants to likely candidates.

“Our goal is to empower employers to understand and leverage the increasingly valuable employment population of people with disabilities, proven to lower job turnover rates and boost morale and productivity – because a commitment to an inclusive workplace culture begins within,” Robinson wrote in an email to TechCrunch. “Employers have previously been at a disadvantage to accelerate in this regard, because many job-seeking tools are not designed with people with disabilities in mind.”

John Robinson of Our Ability

The plan that attracted Microsoft is Robinson’s idea to make a chatbot to help collect critical data from disabled applicants. And before you say “chatbot? What year is this?” remember that while chatbots may be passé for those of us able to navigate forms and websites easily, that’s not the case with people who can’t do so. A chat-based interface is simple and accessible, requiring little on the user’s end except basic text input.

Pison is another grantee whose technology would come in handy here. People with physical disabilities often can’t use a mouse or trackpad the way others do. Founder Dexter Ang saw this happen in person as his late mother’s physical abilities deteriorated under the effects of ALS.

His solution is to use an electromyography armband (you might be familiar with Myo) to detect the limited movements of someone with that type of affliction and convert those into mouse movements. The company was started a couple of years ago and has been undergoing ongoing development and testing among ALS patients, who have shown that they can use the tech successfully after just a few minutes.

Voiceitt is a speech recognition engine that focuses on people with nonstandard voices. Disabilities and events like strokes can make a person’s voice difficult for friends and family to understand, let alone the comparatively picky processes of speech recognition.

Google recently took on this same problem with Project Euphonia, which along with the company’s other efforts towards accessibility was given an impressive amount of stage time at I/O last week.

Here are the remainder of the grantees (descriptions are from Microsoft):

University of Sydney (Australia) researchers are developing a wearable sensory warning system to help the 75 million people living with epilepsy better predict and manage seizures to live more independently. Birmingham City University (United Kingdom) researchers are developing a system that enables people with limited mobility to control digital platforms using voice commands and the movement of their eyes.Massachusetts Eye and Ear (Boston, Mass.) researchers are working on a vision assistance mobile app that offers enhanced location and navigation services for people who are blind or have low vision. University of California Berkeley (Berkeley, Calif.) researchers are creating a mobile app for individuals who are blind or have low-vision to provide captions and audio descriptions of their surroundings.

The image up top, by the way, is from iTherapy’s InnerVoice, an app that provides AI-powered descriptions of images taken by kids who have trouble communicating. It’s a great example of cutting-edge tech being applied in a niche that helps a small population a lot rather than a large population a little.

Microsoft has been a good steward of accessibility for years and it seems to be leaning into that, as well it should. President Brad Smith had a lot to say about it in a blog post last year, and the commitment seems strong going into this one.

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Jul
30

MoEngage raises $32.5M to inject customer engagement with AI

Sramana Mitra: You said you have companies in India. Does that mean that you invest globally? What’s the geographical coverage? Sumant Mandal: We will never say that we won’t do...

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Original author: Sramana Mitra

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May
15

Bootstrapping a Niche E-Commerce Company: Modded Euros CEO Sean Dawes (Part 4) - Sramana Mitra

Sramana Mitra: The transition from dropship to inventory, how far did you get to dropshipping in terms of gross merchandise volume? Sean Dawes: We did over a million in annual sales before we had to...

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Original author: Sramana Mitra

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Jul
23

Festicket integrates with Spotify to help you discover festivals you’ll like

The average enterprise today uses about 90 different software packages, with between 30-40 of them touching customers directly or indirectly. The data that comes out of those systems can prove to be very useful — to help other systems and employees work more intelligently, to help companies make better business decisions — but only if it’s put in order: now, a startup called Tealium, which has built a system precisely to do just that and works with the likes of Facebook and IBM to help manage their customer data, has raised a big round of funding to continue building out the services it provides.

Today, it is announcing a $55 million round of funding — a Series F led by Silver Lake Waterman, the firm’s late-stage capital growth fund; with ABN AMRO, Bain Capital, Declaration Partners, Georgian Partners, Industry Ventures, Parkwood and Presidio Ventures also participating.

Jeff Lunsford, Tealium’s CEO, said the company is not disclosing valuation, but he did say that it was “substantially” higher than when the company was last priced three years ago. That valuation was $305 million in 2016, according to PitchBook — a figure Lunsford didn’t dispute when I spoke with him about it, and a source close to the company says it is “more than double” this last valuation, and actually around $850 million.

He added that the company is close to profitability and is projected to make $100 million in revenues this year, and that this is being considered the company’s “final round” — presumably a sign that it will either no longer need external funding and that if it does, the next step might be either getting acquired or going public.

This brings the total raised by Tealium to $160 million.

The company’s rise over the last eight years has dovetailed with the rapid growth of big data. The movement of services to digital platforms has resulted in a sea of information. Much of that largely sits untapped, but those who are able to bring it to order can reap the rewards by gaining better insights into their organizations.

Tealium had its beginnings in amassing and ordering tags from internet traffic to help optimise marketing and so on — a business where it competes with the likes of Google and Adobe.

Over time, it has expanded and capitalised to a much wider set of data sources that range well beyond web and commerce, and one use of the funding will be to continue expanding those data sources, and also how they are used, with an emphasis on using more AI, Lunsford said.

“There are new areas that touch customers like smart home and smart office hardware, and each requires a step up in integration for a company like us,” he said. “Then once you have it all centralised you could feed machine learning algorithms to have tighter predictions.”

That vast potential is one reason for the investor interest.

“Tealium enables enterprises to solve the customer data fragmentation problem by integrating and enriching data across sources, in real-time, to create audiences while providing data governance and fidelity,” said Shawn O’Neill, managing director of Silver Lake Waterman, in a statement. “Jeff and his team have built a great platform and we are excited to support the company’s continued growth and investment in innovation.”

The rapid growth of digital services has already seen the company getting a big boost in terms of the data that is passing through its cloud-based platform: it has had a 300% year-over-year increase in visitor profiles created, with current tech customers including the likes of Facebook, IBM, Visa and others from across a variety of sectors, such as healthcare, finance and more.

“You’d be surprised how many big tech companies use Tealium,” Lunsford said. “Even they have a limited amount of bandwidth when it comes to developing their internal platforms.”

People like to say that “data is the new oil,” but these days that expression has taken on perhaps an unintended meaning: just like the overconsumption of oil and fossil fuels in general is viewed as detrimental to the long-term health of our planet, the overconsumption of data has also become a very problematic spectre in our very pervasive world of tech.

Governments — the European Union being one notable example — are taking up the challenge of that latter issue with new regulations, specifically GDPR. Interestingly, Lunsford says this has been a good thing rather than a bad thing for his company, as it gives a much clearer directive to companies about what they can use, and how it can be used.

“They want to follow the law,” he said of their clients, “and we give them the data freedom and control to do that.” It’s not the only company tackling the business opportunity of being a big-data repository at a time when data misuse is being scrutinised more than ever: InCountry, which launched weeks ago, is also banking on this gap in the market.

I’d argue that this could potentially be one more reason why Tealium is keen on expanding to areas like IoT and other sources of customer information: just like the sea, the pool of data that’s there for the tapping is nearly limitless.

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