Jan
10

1Mby1M Virtual Accelerator Investor Forum: With Alastair Mitchell of EQT Ventures (Part 3) - Sramana Mitra

YouTube TV gave a long-awaited gift to it customers this week: It let them skip ads.

YouTube's subscription TV service rolled out new DVR capabilities that let users pause, rewind and fast-forward their favorite shows, including fast-forwarding past commercials.

That sounds like a no-brainer, but the fact that Google-owned YouTube has only now introduced the ad-skipping feature on its TV service highlights the ongoing turf war between the traditional TV networks and the new breed of digital streaming services.

And what's really interesting about the new DVR capabilities on YouTube TV is the one name that's missing. Look closely at the list of networks supporting the new DVR functions and you'll see NBC Universal, Disney, Turner, AMC and Fox.

Three letters that you won't see are CBS.

YouTube declined to comment on why the new DVR features don't support CBS, and CBS did not return a request for comment.

Fighting the last war

In fact, CBS's absence is likely one of the legacies of Les Moonves, CBS' former CEO who resigned last month after numerous women claimed he sexually harassed or assaulted them (Moonves has denied the allegations).

Les MoonvesDrew Angerer/Getty Images

Moonves had a nearly unparalleled run of success at CBS. The network typically finished at the top of the ratings. And Moonves' response to the rise of Internet distribution and the disruption that it brought was to fight it.

He argued TV couldn't survive if commercials were removed and he stubbornly defended them. When CBS and the other top broadcasters brought a copyright suit against Aereo, Moonves was one of the most vocal critics of the service.

"If the government wants to give them permission to steal our signal," Moonves told Reuters in 2014, "then we will come up with some other way to get them our content and still get paid for it."

Aereo relied on tiny TV antennas to capture shows from over the free airwaves and then distributed the content via the web. Aereo prevailed in the courts until the case went to the Supreme Court of the United States, where it ruled 6-3 in favor of the TV networks. Aereo shut down soon after.

An absurd distinction

But prevailing in the courtroom is not the same as prevailing in the marketplace, and CBS is now the lone holdout clinging to the old ways.

Most TV broadcasters and cable-show providers now understand that TV viewers would generally much prefer not to sit through 30-second commercials. And most content owners are looking for ways to adapt.

At the heart of the YouTube TV update is a distinction that consumers don't care about and shouldn't have to think about.

It comes down to a difference between two versions of the same program: An "on-demand" version, which includes specially-inserted ads that cannot be skipped, and a DVR recording of the original show as it was aired live, which means users can fast-forward everything, including the ads.

For a long time, subscribers were prevented from accessing DVR versions on YouTube TV if a video-on-demand version of the show was available. This meant the content guys were bucking the wishes of their fans.

The other TV networks have had a change of heart and have cut deals with YouTube to give consumers DVR. In an era where viewers have so many choices —not just between TV shows but with videogames, Facebook, the web — that makes sense.

We don't know what kind of financial terms YouTube offered to in order to get the networks to agree to the new licensing terms. There are billions of dollars of ad revenue at stake and as CBS shows, the chess match between the old guard and the new is still very much unresolved.

Original author: Greg Sandoval

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Oct
05

Hedge fund billionaire David Einhorn reportedly dumps his Apple stock on trade fears (AAPL)

Reuters

Apple shares slid after CNBC reported the hedge fund billionaire David Einhorn sold his stake amid trade-war concerns.Apple shares were down more than 3% following the report before paring their losses.Watch Apple trade here in real time.

Apple shares dropped Friday afternoon after CNBC reported the hedge fund billionaire David Einhorn told clients  in an investor letter that he sold the stock amid concerns of an escalating trade war between the US and China.

"We ultimately sold because our differentiated thesis from 2011 has become consensus," Einhorn, the founder and president of Greenlight Capital wrote in his third-quarter letter to investors, obtained by CNBC. "We are somewhat worried about Chinese retaliation against America's trade policies."

After selling 77% of its stake last quarter, Greenlight sold the remaining stake on August 31 for $228 worth $40 million, CNBC reported.

Apple shares was down as much as 3.2% following the news before paring their losses.

The announcement comes one day after Bloomberg reported Chinese spies implanted tiny chips in some of the company's server motherboards that ended up being sold to firms including Amazon and Apple. The goal was reportedly to use the microchips to gain access to sensitive corporate data and other secrets through advanced hacking.

Apple issued an unequivocal denial to the Bloomberg report. In a statement released Thursday afternoon, Apple said the company had never found any "malicious chips" or vulnerabilities in "any server" and denied having any contact with the "FBI or any other agency about such an incident" — directly contradicting several key claims in the report.

Apple shares were up 29% this year.

Markets Insider

Original author: Varada Bhat

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Jun
25

Tact $27M Series C attracts Amazon, Microsoft and Salesforce

Outside the crop of construction cranes that now dot Vancouver’s bright, downtown greenways, in a suburban business park that reminds you more of dentists and tax preparers, is a small office building belonging to D-Wave. This office — squat, angular and sun-dappled one recent cool Autumn morning — is unique in that it contains an infinite collection of parallel universes.

Founded in 1999 by Geordie Rose, D-Wave worked in relative obscurity on esoteric problems associated with quantum computing. When Rose was a PhD student at the University of British Columbia, he turned in an assignment that outlined a quantum computing company. His entrepreneurship teacher at the time, Haig Farris, found the young physicists ideas compelling enough to give him $1,000 to buy a computer and a printer to type up a business plan.

The company consulted with academics until 2005, when Rose and his team decided to focus on building usable quantum computers. The result, the Orion, launched in 2007, and was used to classify drug molecules and play Sodoku. The business now sells computers for up to $10 million to clients like Google, Microsoft and Northrop Grumman.

“We’ve been focused on making quantum computing practical since day one. In 2010 we started offering remote cloud access to customers and today, we have 100 early applications running on our computers (70 percent of which were built in the cloud),” said CEO Vern Brownell. “Through this work, our customers have told us it takes more than just access to real quantum hardware to benefit from quantum computing. In order to build a true quantum ecosystem, millions of developers need the access and tools to get started with quantum.”

Now their computers are simulating weather patterns and tsunamis, optimizing hotel ad displays, solving complex network problems and, thanks to a new, open-source platform, could help you ride the quantum wave of computer programming.

Inside the box

When I went to visit D-Wave they gave us unprecedented access to the inside of one of their quantum machines. The computers, which are about the size of a garden shed, have a control unit on the front that manages the temperature as well as queuing system to translate and communicate the problems sent in by users.

Inside the machine is a tube that, when fully operational, contains a small chip super-cooled to 0.015 Kelvin, or -459.643 degrees Fahrenheit or -273.135 degrees Celsius. The entire system looks like something out of the Death Star — a cylinder of pure data that the heroes must access by walking through a little door in the side of a jet-black cube.

It’s quite thrilling to see this odd little chip inside its super-cooled home. As the computer revolution maintained its predilection toward room-temperature chips, these odd and unique machines are a connection to an alternate timeline where physics is wrestled into submission in order to do some truly remarkable things.

And now anyone — from kids to PhDs to everyone in-between — can try it.

Into the ocean

Learning to program a quantum computer takes time. Because the processor doesn’t work like a classic universal computer, you have to train the chip to perform simple functions that your own cellphone can do in seconds. However, in some cases, researchers have found the chips can outperform classic computers by 3,600 times. This trade-off — the movement from the known to the unknown — is why D-Wave exposed their product to the world.

“We built Leap to give millions of developers access to quantum computing. We built the first quantum application environment so any software developer interested in quantum computing can start writing and running applications — you don’t need deep quantum knowledge to get started. If you know Python, you can build applications on Leap,” said Brownell.

To get started on the road to quantum computing, D-Wave built the Leap platform. The Leap is an open-source toolkit for developers. When you sign up you receive one minute’s worth of quantum processing unit time which, given that most problems run in milliseconds, is more than enough to begin experimenting. A queue manager lines up your code and runs it in the order received and the answers are spit out almost instantly.

You can code on the QPU with Python or via Jupiter notebooks, and it allows you to connect to the QPU with an API token. After writing your code, you can send commands directly to the QPU and then output the results. The programs are currently pretty esoteric and require a basic knowledge of quantum programming but, it should be remembered, classic computer programming was once daunting to the average user.

I downloaded and ran most of the demonstrations without a hitch. These demonstrations — factoring programs, network generators and the like — essentially turned the concepts of classical programming into quantum questions. Instead of iterating through a list of factors, for example, the quantum computer creates a “parallel universe” of answers and then collapses each one until it finds the right answer. If this sounds odd it’s because it is. The researchers at D-Wave argue all the time about how to imagine a quantum computer’s various processes. One camp sees the physical implementation of a quantum computer to be simply a faster methodology for rendering answers. The other camp, itself aligned with Professor David Deutsch’s ideas presented in The Beginning of Infinity, sees the sheer number of possible permutations a quantum computer can traverse as evidence of parallel universes.

What does the code look like? It’s hard to read without understanding the basics, a fact that D-Wave engineers factored for in offering online documentation. For example, below is most of the factoring code for one of their demo programs, a bit of code that can be reduced to about five lines on a classical computer. However, when this function uses a quantum processor, the entire process takes milliseconds versus minutes or hours.

Classical

# Python Program to find the factors of a number

define a function

def print_factors(x):

This function takes a number and prints the factors

print(“The factors of”,x,”are:”)
for i in range(1, x + 1):
if x % i == 0:
print(i)

change this value for a different result.

num = 320

uncomment the following line to take input from the user

#num = int(input(“Enter a number: “))

print_factors(num)

Quantum

@qpu_ha
def factor(P, use_saved_embedding=True):

####################################################################################################

get circuit

####################################################################################################

construction_start_time = time.time()

validate_input(P, range(2 ** 6))

get constraint satisfaction problem

csp = dbc.factories.multiplication_circuit(3)

get binary quadratic model

bqm = dbc.stitch(csp, min_classical_gap=.1)

we know that multiplication_circuit() has created these variables

p_vars = [‘p0’, ‘p1’, ‘p2’, ‘p3’, ‘p4’, ‘p5’]

convert P from decimal to binary

fixed_variables = dict(zip(reversed(p_vars), “{:06b}”.format(P)))
fixed_variables = {var: int(x) for(var, x) in fixed_variables.items()}

fix product qubits

for var, value in fixed_variables.items():
bqm.fix_variable(var, value)

log.debug(‘bqm construction time: %s’, time.time() – construction_start_time)

####################################################################################################

run problem

####################################################################################################

sample_time = time.time()

get QPU sampler

sampler = DWaveSampler(solver_features=dict(online=True, name=’DW_2000Q.*’))
_, target_edgelist, target_adjacency = sampler.structure

if use_saved_embedding:

load a pre-calculated embedding

from factoring.embedding import embeddings
embedding = embeddings[sampler.solver.id]
else:

get the embedding

embedding = minorminer.find_embedding(bqm.quadratic, target_edgelist)
if bqm and not embedding:
raise ValueError(“no embedding found”)

apply the embedding to the given problem to map it to the sampler

bqm_embedded = dimod.embed_bqm(bqm, embedding, target_adjacency, 3.0)

draw samples from the QPU

kwargs = {}
if ‘num_reads’ in sampler.parameters:
kwargs[‘num_reads’] = 50
if ‘answer_mode’ in sampler.parameters:
kwargs[‘answer_mode’] = ‘histogram’
response = sampler.sample(bqm_embedded, **kwargs)

convert back to the original problem space

response = dimod.unembed_response(response, embedding, source_bqm=bqm)

sampler.client.close()

log.debug(’embedding and sampling time: %s’, time.time() – sample_time)

 

“The industry is at an inflection point and we’ve moved beyond the theoretical, and into the practical era of quantum applications. It’s time to open this up to more smart, curious developers so they can build the first quantum killer app. Leap’s combination of immediate access to live quantum computers, along with tools, resources, and a community, will fuel that,” said Brownell. “For Leap’s future, we see millions of developers using this to share ideas, learn from each other and contribute open-source code. It’s that kind of collaborative developer community that we think will lead us to the first quantum killer app.”

The folks at D-Wave created a number of tutorials as well as a forum where users can learn and ask questions. The entire project is truly the first of its kind and promises unprecedented access to what amounts to the foreseeable future of computing. I’ve seen lots of technology over the years, and nothing quite replicated the strange frisson associated with plugging into a quantum computer. Like the teletype and green-screen terminals used by the early hackers like Bill Gates and Steve Wozniak, D-Wave has opened up a strange new world. How we explore it us up to us.

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Oct
05

October 11 – How To Get AI Startups Off The Ground - Sramana Mitra

AI and Machine Learning startups often face a fair amount of engineering and data challenges, which tends to make it expensive to build the product. It is difficult to build such a company as a lean...

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Original author: Maureen Kelly

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Jan
10

Thought Leaders in Healthcare IT: Prashant Srivastava, CEO of Evive (Part 3) - Sramana Mitra

Boeing, the 102-year-old titan of the aerospace industry, is in a heated competition with SpaceX, Elon Musk's rocket company, for billions of dollars in NASA contracts.

As Boeing is seeking to secure that taxpayer funding — and the prestige of launching astronauts into space — the company might be secretly placing an opinion article that criticizes SpaceX in newspapers around the US.

Both companies are trying to show NASA they can safely launch the agency's astronauts to and from the International Space Station as part of NASA's Commercial Crew Program, a roughly $8 billion competition the agency launched to spur private companies to build safe, cost-effective, American-made spaceships.

Through that program, SpaceX won a $2.6 billion contract to develop its Crew Dragon space capsule, and Boeing has received $4.8 billion for its CST-100 Starliner space capsule. SpaceX hopes to launch its first Crew Dragon capsule with astronauts in early 2019, and Boeing expects to test-launch its first astronauts after mid-2019.

A test of SpaceX's Dragon V2 capsule thrusters.SpaceX/Flickr (public domain)

If these initial missions are successful, NASA is prepared to award potentially billions of dollars more in space-taxi contracts through the mid-2020s. (Each crewed flight is most likely worth several hundred million dollars.)

To that end, as Ars Technica's Eric Berger reported on Thursday, some evidence suggests that a PR firm in Washington that counts Boeing as a client may be attempting to negatively sway public opinion about SpaceX via a critical op-ed article that began to appear in newspapers around the country in July.

Business Insider has found a link between Boeing and the article's author.

The negative SpaceX op-ed article

The reason that so much NASA funding is at stake for Boeing and SpaceX is that the space agency hasn't been able to transport its own astronauts to the ISS since July 2011, when its space shuttle fleet retired. According to some estimates, each shuttle launch cost the space agency roughly $1.5 billion, accounting for development costs.

For now, increasingly expensive Russian rocket ships are the only way to get astronauts into space. That's why the Commercial Crew Program was created: to spur the creation of American-made spaceships, create competition in the industry, and, ideally, drive down launch costs.

NASA astronauts have been working closely with both Boeing and SpaceX as they develop new methods of space travel. The first NASA astronauts who will fly the companies' spaceships were named on August 3.

Nine astronauts will fly the first four crewed missions inside SpaceX and Boeing's new spaceships for NASA, called Crew Dragon and CST-100 Starliner, respectively.NASA via AP

But just before the announcement, on July 22, an opinion article by an aerospace-industry veteran named Richard Hagar ran in The Washington Times, a right-leaning publication.

The op-ed article paints Musk as inexperienced and castigates "special interests in Washington" for eschewing the development of commercial safety standards. It also argues that SpaceX's plans to fuel its Falcon 9 rockets while astronauts are already loaded into the ship on top — a practice called "load and go" — is unsafe.

A short bio of Hagar that accompanies the op-ed article describes him as someone who "worked on every Apollo mission for NASA at the Kennedy Space Center as a spacecraft operator on the launch team."

That much is true. But an important aspect of Hagar's professional identity is also this: He formerly worked for an aerospace company called North American Aviation. That company later became Rockwell International, which was bought by Boeing in the 1990s. So Hagar said Boeing now pays his pension.

"I'm a Boeing retiree, technically," Hagar told Business Insider, though we were unable to independently verify that his pension checks come from Boeing. "I worked at the Cape [Canaveral], and I keep in contact with Boeing people down there."

Hagar said he never submitted the op-ed article to The Washington Times. He said he shared his written opinion with only one person, a Boeing employee, whom he repeatedly declined to identify.

"I don't want to start anything," Hagar said. "I'm not interested in that."

Shortly after Hagar gave his op-ed article to Boeing, he said, it appeared in The Washington Times.

He said he gave Boeing "permission to publish it wherever."

"I knew it would be in different publications, but not how many," he said.

The op-ed article has since appeared in at least eight more publications, including in the Albuquerque Journal on August 31, the Houston Chronicle on September 17 (and its partner the San Francisco Chronicle through an automated system), and the Austin American-Statesman on September 26. Members of the USA Today network also ran the opinion article.

"It's surprising — it's been going around the country," Hagar said. "I'm not out to try to get published everywhere. I have an opinion on it, and I was asked about it."

Boeing did not immediately respond to Business Insider's request for comment about Hagar's op-ed article. (We'll update this story if we receive a statement.)

In an emailed statement from NASA, the agency said: "NASA is focused on returning human spaceflight to the US with the goal of achieving safe and reliable access to and from the International Space Station. We expect and believe our commercial partners are focused on that goal as well."

What's the deal with 'load and go'?

SpaceX fuels its Falcon 9 rockets with cryogenic or super-cold propellants just before launch. That approach comes with several cost-saving, mission-enabling advantages.

Waiting to fuel up keeps the rockets' high-grade kerosene fuel, called RP-1, very cold and very dense, allowing SpaceX to put more of it into a rocket, achieve greater performance, and launch bigger payloads deeper into space. The technique also helps SpaceX reserve fuel to reignite the rocket's boosters, land them back on Earth, and make them available to be reused.

In his opinion article, Hagar argued that the "load and go" approach couldn't be trusted. The longer astronauts are waiting with fuel around, the thinking goes, the greater the likelihood of a deadly accident. As evidence, Hagar points to SpaceX's launchpad explosion of a Falcon 9 rocket in September 2016.

An explosion at the launch site of a SpaceX Falcon 9 rocket in Cape Canaveral, Florida, in September 2016. Launch Report/Handout via REUTERS

"Congress and the administration should overturn these shortsighted restrictions on commercial spaceflight safety standards," Hagar said in the op-ed article, "and NASA must ensure that before they put an astronaut on a commercial spacecraft that it lives up to the strict standards we have learned over the last 60 years of spaceflight."

However, after nearly two years of work by SpaceX and an exhaustive review by NASA, the space agency announced on August 17 that SpaceX's load-and-go fueling method "presents the least risk" to astronauts. NASA approved the practice, pending some final tests.

But even after that, Hagar's op-ed article kept appearing in newspapers.

He said he never personally pitched the piece to any outlet. Several outlets that ran the op-ed article did not respond to questions about who pitched it, but The Washington Times told Business Insider it "was pitched by Kelly Ramesar ... on behalf of Richard Hagar."

Kelly Ramesar is the name of a communications associate at a public-relations firm in Washington, DC, called Law Media Group, according to the firm's website. LMG names Boeing as a client on its site.

Ars Technica reported that two other people who are listed as communications associates at LMG — Casey Murray and Joshua Bak-Brevik — also successfully pitched Hagar's piece to at least four news outlets.

Given Hagar's insistence that he gave his writing to only a single Boeing employee, it seems someone from that company might have passed it to LMG, though this remains unknown.

Julian Epstein, the CEO of Law Media Group, did not immediately return Business Insider's calls or email.

Why Hagar says he wrote the piece

Neither Boeing nor any other entity paid Hagar for his writing, he said, though he's fine with that.

"I'm 82 years old. Why would I do anything different than that?" he said. "I have no money in this. It's an opinion I have on that process."

Hagar said he had been thinking about the risks of load-and-go for years and discussed his concerns with a small group of retirees who used to work on the space program.

"I'm a Boeing supporter," he said. "But that doesn't have any effect on my opinion of the load-and-go process."

But changing the perception of SpaceX could influence NASA and lawmakers who control the agency's purse strings. And Hagar did acknowledge that he wrote his article after a conversation with a current Boeing employee (not a retiree in his group).

"I was talking to one of the Boeing people one time, and he asked me what I thought of the load-and-go process," Hagar said. "I said, 'Let me sit down and look at it in more detail.'" He said that's how the op-ed article came about.

A Falcon 9 rocket launching toward space using cryogenically cooled fuel.SpaceX/Flickr (public domain)

SpaceX, for its part, has designed safety mechanisms to protect astronauts if something were to go wrong with the load-and-go procedure. An automated escape system in its Crew Dragon capsule would, in theory, blast astronauts away from an exploding rocket if there were a fueling mishap.

"I think that issue has been somewhat overblown," Musk said during a call with reporters on May 11.

"We certainly could load the propellants and then have the astronauts board Dragon," he continued, adding: "But I don't think it's going to be necessary any more than passengers on an aircraft need to wait until the aircraft is full of fuel before boarding."

Despite his criticism of load-and-go fueling, Hagar said the strategy was not a deal-breaker — just not the approach he believes SpaceX should begin with to launch its first astronauts. He said it could create pressure to avoid calling off a launch, since doing so may incur extra expenses.

"If that process evolves to load-and-go, that's great. But to start out with that? It's a process that can be awful critical. It has to go perfectly," Hagar said. "We lost Apollo 1, and we lost Challenger, and we lost Columbia, and a lot of that's all based on cost. With commercial companies, I hope they have deep pockets."

Are you a current or former aerospace-industry employee with a story to share? Send Dave Mosher This email address is being protected from spambots. You need JavaScript enabled to view it. or get in touch through one of the secure options listed here.

Original author: Dave Mosher

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Oct
05

The 19 most reliable used cars of 2018

The used car market can be difficult to navigate. Sometimes, it's tough to tell if a seller is unloading a car because it's time for an upgrade, or because there's something wrong with it.

J.D. Power helps consumers get a sense of which cars are most likely to retain their value with its annual vehicle dependability study, which measures how much customers like their cars over time. This year's survey, which was released in February, collected feedback from 38,896 respondents who had owned a 2015 model-year vehicle for three years and determined the most reliable cars in 19 categories. The resulting data was used to determine the number of problems experienced per 100 vehicles. The lower the score, the more reliable the car is.

Toyota won six categories, the most of any automaker, while General Motors came in second by winning five categories.

These are the winners in each of the 19 categories.

Original author: Mark Matousek

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Oct
05

Over 1,300 people are asking CEO Marc Benioff to turn Salesforce Tower into the 'Eye of Sauron' on Halloween night — but he's not into it (CRM)

Some 1,300 people have signed a Change.org petition asking Salesforce CEO Marc Benioff to turn Salesforce Tower, the software company's San Francisco skyscraper headquarters, into the Eye of Sauron on Halloween night. But Benioff has already splashed cold water on the idea.

For non-Lord of the Rings buffs, Sauron is the main antagonist in J.R.R. Tolkien's "The Lord of the Rings." The Eye of Sauron appeared to instill fear and let it be known that Sauron was watching — something that would be appropriately spooky for the occassion.

The petition's description is simple: "San Francisco = Mordor. Salesforce Tower = Eye Of Sauron." The petiton, created by one Red Rainey, seems to have resonated with people: It took only 15 hours to garner those 1,300-plus signatures, and it's still rising.

"Come on Mark [sic], have a sense of humor, this would be awesome!!!" one supporter wrote.

Salesforce Tower, looking out over the San Francisco Bay.Cushman & Wakefield

The recently opened, 61-story Salesforce Tower sports 11,000 LED lights atop its exterior, illuminating the top six floors with videos programmed by artist Jim Campbell and his team. At night, the light show can be seen from 20 miles away.

The bad news: Benioff told Curbed SF that Boston Properties, not Salesforce, actually controls what goes on the tower. Boston Properties owns the tower, with Salesforce as the primary resident. And he says that if the tower's display were going to commemorate Halloween at all, it would be with a "signal for Batkid" — a reference to Miles Scott, the young cancer survivor who "saved" San Francisco in a huge Make-A-Wish production in 2013.

"I would prefer for it to become a signal for Batkid to return as our city needs a lot of love right now," Benioff told Curbed SF.

As for the likelihood that Boston Properties would give in and allow the Eye of Sauron to shine: In an interview with the San Francisco Chronicle before his installation went live in May, Campbell said his art would never contain advertisements or do holiday-themed display.

"I'm not going to do a bulletin board, ever," he said. "I'm not going to do red-and-green Christmas lights."

He did not, it should be noted, explicitly say that the Eye of Sauron is off the table.

Another thing to note: This would only be the latest connection between Sauron and the world of tech.

Palantir, the secretive data-mining startup cofounded by Peter Thiel, got its name from a magical artifact used by Sauron to communicate with his evil forces and spy on their enemies. Palmer Luckey, the cofounder of Facebook's Oculus VR unit, also appears to be a "Lord of the Rings" fan — his border security startup, Anduril, is named after hero Aragorn's enchanted sword.

Representatives for the Salesforce did not immediately return a request for comment.

Original author: Nick Bastone

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Oct
05

The 10 most popular cars driven by millennials

With more than 71 million members recorded in their demographic, millennials are certainly a generation to be reckoned with. With their growing influence and increased ability to determine consumer trends, millennials are becoming of more interest to automakers as they seek to determine which car models will hold the most appeal.

Enter QuoteWizard.com, the digital insurance comparison platform that focuses on auto, home, renter's, health and life insurance. Founded in 2006, QuoteWizard has had over 50 million customers fill out insurance forms over 12 years, according to a company spokesperson.

To get an accurate ranking of the top cars driven by millennials, QuoteWizard took insurance data from over two million customers between the ages of 22 and 37 who compared auto insurance data on their website over the last 12 months. They then looked at the types of cars these consumers drove to get their total numbers, ranking them one through 10 based on quantity.

According to a spokesperson, the data collected by QuoteWizard is proprietary and from a self-reported insurance form that is free to be used as stated in the agreement.

As for the results, the list is rather interesting as it contains only one SUV and one pickup truck, two models that dominate the domestic market right now. Eight of the 10 cars listed or either sedans or compact cars, data which suggests that while most consumers are moving away from the family sedan, that particular car still holds an appeal for the millennial generation

Let's take a look at the top-10 cars driven by millennials below.

Original author: Brian Pascus

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Oct
05

1Mby1M Virtual Accelerator Investor Forum: With Deb Kemper of Golden Seeds (Part 2) - Sramana Mitra

Sramana Mitra: What is the earliest stage at which they would go in? Would people go in with no product and just a concept? Deb Kemper: People would go in before validated product market fit. It’s...

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Original author: Sramana Mitra

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Jan
10

Welcome Jamey Sperans To Foundry Group

Photographer: Daro Sulakauri/Bloomberg

According to a new study conducted by the Center for American Entrepreneurship and NYU’s Shack Institute of Real Estate, the US may be losing its competitive advantage as the dominant nucleus of the startup and venture capital universe. 

The analysis, led by senior Brookings Institution fellow Ian Hathaway and “Rise of the Creative Class” author Richard Florida, examines the flow of venture capital over 100,000 deals from 2005 to 2017 and details how the historically US-centric practice of venture capital has become a global phenomenon.

While the US still appears to produce the largest amount of venture activity in the world, America’s share of the global pie is falling dramatically and doing so quickly.

In the mid-90s, the US accounted for more than 95% of global venture capital investment.  By 2012, this number had fallen to 70%. At the end of 2017, the US share of total venture investment had fallen to just 50%.   

Over the last decade, non-US countries have propelled growth in the global startup and venture economy, which has swelled from $50 billion to over $170 billion in size.  In particular, China, India and the UK now account for a third of global venture deal count and dollars – 2-3x the share held ten years ago.  And with VC dollars increasingly circulating into modernizing Asia-Pac and European cities, the researchers found that the erosion in the US share of venture capital is trending in the wrong direction.

Growth of global startup cities and the myth of the American “rise of the rest”

We’ve spent the summer discussing the notion of Silicon Valley reaching its parabolic peak – Observing the “rise of the rest” across smaller American tech hubs.  In reality, the data reveals a “rise in the rest of the world”, with startup ecosystems outside the US growing at a faster pace than most US hubs.

The Bay Area remains the world’s preeminent beneficiary of VC investment, and New York, Los Angeles, and Boston all find themselves in the top ten cities contributing to global venture growth.  However, only six of the top 20 cities are located in the US, while 14 are in Asia or Europe.  At the individual level, only two American cities crack the top 20 fastest growing startup hubs.  

Still, the authors found the bulk of VC activity remains highly concentrated in a small number of incumbent startup cities. More than 50% of all global venture capital deployed can be attributed to only six cities and half of the growth in VC activity over the last five years can be attributed to just four cities.  Despite the growing number of ecosystems playing a role in venture decisions, the dominant incumbent startup hubs hold a firm grip on the majority of capital deployed.

China and the surge of mega deals

Unsurprisingly, the largest contributor to the globalization of venture capital and the slimming share of the US is the rapid escalation of China’s startup ecosystem.

In the last three years, China has captured nearly a fourth of total VC investment.  Since 2010, Beijing contributed more to VC deployment growth than any other city, while three other Chinese cities (Shanghai, Hangzhou, Shenzhen) fell in the top 15. 

A major part of China’s ascension can be tied to the idiosyncratic rise of late-stage “mega deals”, which the study defines as $500 million or more in size.  Once an extremely rare occurrence, mega deals now make up a significant portion of all venture dollars deployed.  From 2005-2007, only two mega deals took place.  From 2010-2012, eight of such deals took place.  From 2015-2017, there were 80 global mega deals, representing a fifth of the total venture capital activity.  Chinese cities accounted for half of all mega deal investment over the same period.

The good, the bad, and the uncertain

It’s not all bad for the US, with the study highlighting continued ecosystem growth in established US hubs and leading roles for non-valley markets in NY, LA, and Boston.

And the globalization of the startup and venture economy is by no means a “bad thing”.  In fact, access to capital, the spread of entrepreneurial spirit, and stronger global economic development and prosperity is almost unquestionably a “good thing.”

However, the US’ share of venture-backed startups is falling, and the US losing its competitive advantage in the startup and venture capital market could have major implications for its future as a global economic leader.  Five of the six largest US companies were previously venture-backed startups and now provide a combined value of around $4 trillion. 

The intense competition for talent marks another major challenge for the US who has historically been a huge beneficiary of foreign-born entrepreneurs.  With the rise of local ecosystems across the globe, entrepreneurs no longer have to flock to the US to build their companies or have access to venture capital.  The problem attracting entrepreneurs is compounded by notoriously unfriendly US visa policies – not to mention recent harsh rhetoric and tension over immigration that make the US a less attractive destination for skilled immigrants.  

At a recent speaking event, Florida stated he believed the US’ fading competitive advantage was a greater threat to American economic power than previous collapses seen in the steel and auto industries.  A sentiment echoed by Techstars co-founder Brad Feld, who in the report’s forward states, “government leaders should read this report with alarm.”

It remains to be seen whether the train has left the station or if the US can hold on to its position as the world’s venture leader.  What is clear is that Silicon Valley is no longer the center of the universe and the geography of the startup and venture capital world is changing.

The Rise of the Global Startup City: The New Map of Entrepreneurship and Venture Capital tries to illustrate these tectonic shifts and identifies tiers of global startup cities based on size, growth and balance of VC deals and investments.

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Oct
05

Magic Leap buys mesh-computing startup Computes

Magic Leap has announced they are acquiring Computes, a decentralized mesh computing startup. Terms of the deal weren’t disclosed.

From Magic Leap’s blog post:

From the beginning, Chris Matthieu and Jade Meskill started Computes, Inc. based on the principle of enabling the next generation of computing. We believe Magic Leap is the perfect home to achieve this vision

Why would Magic Leap want to get their hands on this company? Well, it’s no secret that building a “digital layer” on top of the real world is more than a little compute-heavy; mesh computing offers an attractive future for leveraging the power of grouped systems to push resources to the devices that need it most.

The company’s website does a not-so-great job of explaining what exactly they do, but here’s a blip from one of the company’s whitepapers:

The Lattice protocol allows authorized computers to self-organize into a mesh computer, limited only by the number and power of the members. Lattice will intelligently allocate work to the best members of the mesh, based on the requirements of the task.

This is an interesting idea for AR headset systems, where eventually most of them may be in standby on average and could theoretically push their compute power to another system. Perhaps more likely is offsite PCs with beefy internals offering the headsets a punch. On the far less sexy side, this could also just be a play for the startup to drill down some of its backend services.

If you’re still curious about what they do and are interested in some even more mildly dubious explaining, check out this video from Computes’ CEO, which only mildly resembles a video from the Dharma Initiative.

 

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Oct
05

Scaleway adds object storage

Cloud hosting company Scaleway is launching object storage in public beta. The company uses an Amazon S3-compatible API, which means you could easily replace your Amazon S3 bucket with a Scaleway bucket by changing the API end point.

The basic object storage package starts at $5.75 per month (€5 per month), which includes 500GB of storage and 500GB of outgoing transfer. You then pay €0.01 per month for every extra GB of storage and €0.02 per month for every extra GB of outgoing transfer. And there’s no limit.

You can transfer data back and forth between a Scaleway server instance and your object storage bucket for free. You also can create a bucket for free during the public beta phase.

When it comes to the service-level agreement, the company promises 99.9 percent availability and 99.999 percent redundancy and protection of your files.

It’s hard to compare Scaleway’s pricing with big competitors, such as Amazon S3, Google Cloud Storage and Microsoft Azure’s blob storage. Pricing differs depending on the region and the level of availability. But they tend to be more expensive than Scaleway if you choose standard storage options.

Backblaze’s B2 charges $0.005 per GB of storage per month and $0.01 per GB of outgoing transfer per month. DigitalOcean’s Spaces costs $5 per month for 250 GB of storage, 1TB of outgoing transfer and then $0.02 per extra GB of storage, $0.01 per extra GB of transfer.

But pricing is just one thing. Chances are you don’t want to work with multiple vendors and pay for outgoing transfer by hosting your computing instances with one cloud hosting company and your object storage with another. Having object storage could help convince more clients to switch to Scaleway for everything.

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Oct
05

Community, Creativity, and #GiveFirst Event at CU Boulder on 10/18/18

I’m participating in an event at CU Boulder (sponsored by Silicon Flatirons) on 10/18/18 called Community, Creativity, and #GiveFirst.

#GiveFirst: A New Philosophy for Business in The Era of Entrepreneurship is the name of an upcoming book of mine. It’s also the mantra of Techstars.

In addition to a few of the usual cast of characters (me, Brad Bernthal, Jason Mendelson, Nicole Glaros) and some CU folks, a number of interesting people are joining us including Sam Zell, Stephanie Copeland, AnnaLee (Anno) Saxenian, Brian Broughman, Sonali Shah, and Krista Marks.

The first panel is titled #GiveFirst and is a moderated chat between me and Sam Zell. I promise it won’t be dull.

If you are interested in learning more about this topic, already view #GiveFirst (which I first talked about in my book Startup Communities in the section “Give Before You Get”) as part of your life, or just want to engage in a stimulating SIlicon Flatirons sponsored afternoon, come join us.

Also published on Medium.

Original author: Brad Feld

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Oct
05

1Mby1M Virtual Accelerator Investor Forum: With SC Moatti of Mighty Capital (Part 5) - Sramana Mitra

Sramana Mitra: The corollary of our previous saying is that VCs love to come to the rescue of victory. That is also a very popular saying in our community. SC Moatti: It’s a very interesting point...

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Original author: Sramana Mitra

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Oct
05

Deliverr raises $7M to help e-commerce businesses compete with Amazon Prime

When Amazon rolled out its membership-based two-day shipping service in 2005, e-commerce and customer expectations around fulfillment speed changed forever.

Today, more than 100 million people use Amazon Prime. That means, 100 million people are fully accustomed to two-day shipping and if they can’t have it, they shop elsewhere. As The Wall Street Journal’s Christopher Mims recently put it: “Alongside life, liberty and the pursuit of happiness, you can now add another inalienable right: two-day shipping on practically everything.”

Only recently have Amazon’s competitors begun to offer similar fast delivery options. About two years ago, Walmart launched its own free two-day delivery service for its owned-inventory; eBay followed suit, establishing a three-day or less delivery guaranteed option for shoppers in March 2017.

To power these Prime-like delivery options, Walmart, eBay and the Canadian e-commerce business Shopify are relying on a little upstart.

One-year-old Deliverr helps businesses offer rapid delivery experiences to their customers. Today, the company is announcing a $7.1 million Series A led by Joe Lonsdale’s 8VC, with participation from Zola founder Shan-Lyn Ma, Flexport chief executive officer Ryan Peterson and others.

The San Francisco-based startup uses machine learning and predictive intelligence to determine which of its warehouses to store its client’s goods.

Currently, Deliverr operates out of more than 10 warehouses in Texas, Missouri, Pennsylvania, Ohio and New Jersey, among other states, though co-founder Michael Krakaris says that number is growing every week. Its customers typically store inventory in three to five different locations based on Deliverr’s predictive algorithms.

Unlike Amazon, which owns more than 75 fulfillment centers, Deliverr doesn’t own its warehouses. Krakaris describes the company’s strategy as a sort of Uber for fulfillment.

“Uber didn’t change the physical infrastructure of cars. They didn’t build their own taxis. What they did was create software that could connect excess capacity drivers,” Krakaris told TechCrunch. “Most warehouses aren’t going to be full. We are going in and filling that extra space they wouldn’t otherwise fill.”

One of the startup’s tricks is to use brand-neutral packaging so any and all marketplaces could theoretically power fulfillment through Deliverr. Amazon, of course, sticks a Prime sticker on all its outgoing packages. And because Amazon’s fulfillment service is used by some eBay sellers, eBay items are known to show up at customers’ homes in Amazon-branded packaging. Not a great look for eBay.

You need an independent fulfillment service that can handle all these different fulfillment channels and be neutral,” Krakaris said.

Deliverr plans to use the investment to scale its team and ink partnerships with additional online retailers.

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Oct
05

Billion Dollar Unicorns: Upwork Finally Goes Public - Sramana Mitra

As per a recent Morgan Stanley report, freelance workers will account for nearly half of the US workforce within ten years, compared with the current 35% share. The shift in the workforce is...

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Original author: MitraSramana

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Jan
11

Unbabel raises $23M for its ‘AI-powered, human-refined’ translation platform

Consumer messaging apps like WhatsApp are not only insanely popular for chatting with friends but have pushed deep into the workplace too, thanks to the speed and convenience they offer. They have even crept into hospitals, as time-strapped doctors reach for a quick and easy way to collaborate over patient cases on the ward.

Yet WhatsApp is not specifically designed with the safe sharing of highly sensitive medical information in mind. This is where Dutch startup Siilo has been carving a niche for itself for the past 2.5 years — via a free-at-the-point-of-use encrypted messaging app that’s intended for medical professions to securely collaborate on patient care, such as via in-app discussion groups and being able to securely store and share patient notes.

A business goal that could be buoyed by tighter EU regulations around handling personal data, say if hospital managers decide they need to address compliance risks around staff use of consumer messaging apps.

The app’s WhatsApp-style messaging interface will be instantly familiar to any smartphone user. But Siilo bakes in additional features for its target healthcare professional users, such as keeping photos, videos and files sent via the app siloed in an encrypted vault that’s entirely separate from any personal media also stored on the device.

Messages sent via Siilo are also automatically deleted after 30 days unless the user specifies a particular message should be retained. And the app does not make automated back-ups of users’ conversations.

Other doctor-friendly features include the ability to blur images (for patient privacy purposes); augment images with arrows for emphasis; and export threaded conversations to electronic health records.

There’s also mandatory security for accessing the app — with a requirement for either a PIN-code, fingerprint or facial recognition biometric to be used. While a remote wipe functionality to nix any locally stored data is baked into Siilo in the event of a device being lost or stolen.

Like WhatsApp, Siilo also uses end-to-end encryption — though in its case it says this is based on the opensource NaCl library

It also specifies that user messaging data is stored encrypted on European ISO-27001 certified servers — and deleted “as soon as we can”.

It also says it’s “possible” for its encryption code to be open to review on request.

Another addition is a user vetting layer to manually verify the medical professional users of its app are who they say they are.

Siilo says every user gets vetted. Though not prior to being able to use the messaging functions. But users that have passed verification unlock greater functionality — such as being able to search among other (verified) users to find peers or specialists to expand their professional network. Siilo says verification status is displayed on profiles.

“At Siilo, we coin this phenomenon ‘network medicine’, which is in contrast to the current old-­fashioned, siloed medicine,” says CEO and co-founder Joost Bruggeman in a statement. “The goal is to improve patient care overall, and patients have a network of doctors providing input into their treatment.”

While Bruggeman brings the all-important medical background to the startup, another co-founder, Onno Bakker, has been in the mobile messaging game for a long time — having been one of the entrepreneurs behind the veteran web and mobile messaging platform, eBuddy.

A third co-founder, CFO Arvind Rao, tells us Siilo transplanted eBuddy’s messaging dev team — couching this ported in-house expertise as an advantage over some of the smaller rivals also chasing the healthcare messaging opportunity.

It is also of course having to compete technically with the very well-resourced and smoothly operating WhatsApp behemoth.

“Our main competitor is always WhatsApp,” Rao tells TechCrunch. “Obviously there are also other players trying to move in this space. TigerText is the largest in the US. In the UK we come across local players like Hospify and Forward.

“A major difference we have very experienced in-house dev team… The experience of this team has helped to build a messenger that really can compete in usability with WhatsApp that is reflected in our rapid adoption and usage numbers.”

“Having worked in the trenches as a surgery resident, I’ve experienced the challenges that healthcare professionals face firsthand,” adds Bruggeman. “With Siilo, we’re connecting all healthcare professionals to make them more efficient, enable them to share patient information securely and continue learning and share their knowledge. The directory of vetted healthcare professionals helps ensure they’re successful team­players within a wider healthcare network that takes care of the same patient.”

Siilo launched its app in May 2016 and has since grown to ~100,000 users, with more than 7.5 million messages currently being processed monthly and 6,000+ clinical chat groups active monthly.

“We haven’t come across any other secure messenger for healthcare in Europe with these figures in the App Store/Google Play rankings and therefore believe we are the largest in Europe,” adds Rao. “We have multiple large institutions across Western-Europe where doctors are using Siilo.”

On the security front, as well flagging the ISO 27001 certification the company has gained, he notes that it obtained “the highest NHS IG Toolkit level 3” — aka the now replaced system for organizations to self-assess their compliance with the UK’s National Health Service’s information governance processes, claiming “we haven’t seen [that] with any other messaging company”.

Siilo’s toolkit assessment was finalized at the end of Febuary 2018, and is valid for a year — so will be up for re-assessment under the replacement system (which was introduced this April) in Q1 2019. (Rao confirms they will be doing this “new (re-)assessment” at the end of the year.)

As well as being in active use in European hospitals such as St. George’s Hospital, London, and Charité Berlin, Germany, Siilo says its app has had some organic adoption by medical pros further afield — including among smaller home healthcare teams in California, and “entire transplantation teams” from Astana, Kazakhstan.

It also cites British Medical Journal research that found that of the 98.9% of U.K. hospital clinicians who now have smartphones, around a third are using consumer messaging apps in the clinical workplace. Persuading those healthcare workers to ditch WhatsApp at work is Siilo’s mission and challenge.

The team has just announced a €4.5 million (~$5.1M) seed to help it get onto the radar of more doctors. The round is led by EQT Ventures, with participation from existing investors. It says it will be using the funding to scale­ up its user base across Europe, with a particular focus on the UK and Germany.

Commenting on the funding in a statement, EQT Ventures’ Ashley Lundström, a venture lead and investment advisor at the VC firm, said: “The team was impressed with Siilo’s vision of creating a secure global network of healthcare professionals and the organic traction it has already achieved thanks to the team’s focus on building a product that’s easy to use. The healthcare industry has long been stuck using jurassic technologies and Siilo’s real­time messaging app can significantly improve efficiency
and patient care without putting patients’ data at risk.”

While the messaging app itself is free for healthcare professions to use, Siilo also offers a subscription service to monetize the freemium product.

This service, called Siilo Connect offers organisations and professional associations what it bills as “extensive management, administration, networking and software integration tools”, or just data regulation compliance services if they want the basic flavor of the paid tier.

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Oct
05

From Zero to $3.7 Billion: Jyoti Bansal’s Textbook Case Study of Building AppDynamics (Part 5) - Sramana Mitra

Sramana Mitra: How much runway did you have to raise money at this point? Jyoti Bansal: I had runway. I was managing the expenses carefully. Even though we had funding, I kept the team to less than...

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Original author: Sramana Mitra

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Jan
11

Overstock and Coinbase briefly mixed up Bitcoin and Bitcoin Cash

Forward Health, the U.K. startup that has built an app to help healthcare professionals communicate in a secure and compliant way, has picked up $3.9 million in seed funding.

Leading the round is Stride.VC, the new VC fund from Fred Destin, formerly a partner at Accel, and Harry Stebbings, producer of the “The Twenty Minute VC” and most recently Entrepreneur-in-Residence at VC firm Atomico.

Additional backing comes from Albion Capital, while Forward already boasts a decent array of angel investors. They include healthtech founders Jay Desai from U.S. company Patient Ping, and Melissa Morris from U.K.-based Lantum.

Founded in 2016 by U.K. doctors Barney Gilbert and Lydia Yarlott, with serial entrepreneur Philip Mundy (who previously founded Goodlord), Forward Health is a messaging app and broader communications platform designed for healthcare professionals, particularly those working in hospitals.

One overly simple way to think of it is as a “WhatsApp for doctors,” helping to wean healthcare professionals off of using the popular messaging app professionally, which is entirely unsuited for a regulated industry like healthcare. However, the bigger vision is to “connect healthcare systems around the world” by improving clinician-to-clinician (and potentially clinician-to-patient) communication and information-sharing with a platform that is built from the get-go to be secure, flexible and compliant.

“Healthcare communication is incredibly fragmented,” Forward Healthcare’s Mundy tells me. “This has a direct impact on how well clinicians can do their jobs and the level of care patients receive. Currently, doctors and nurses working within the NHS have to rely on an outdated and inefficient combination of pagers, landlines, switchboards and fax machines to contact each other. This 1960s infrastructure wastes huge amounts of time and can lead to critical delays in information flow.”

It is in this context that clinicians have resorted to alternative methods of communication, such as WhatsApp, which Mundy rightfully says are not fit for purpose and pose real risks.

“Any communication of this kind needs to support the exchange of highly sensitive patient information, any app used needs to be NHS digital compliant, GDPR compliant and operate within the highest levels of data security,” he explains. “WhatsApp and others don’t do this, meaning individual doctors could be liable should patient data be sent to the wrong contact or thread. Additionally, an app such as Forward is designed by and for doctors, meaning it can perform in just the right way.”

In Forward’s case, that means offering an in-app directory of healthcare professionals who work within the same hospital so that it is possible to message colleagues even if you don’t know their number, “safe exchange of information and images,” the ability to create task lists and a way of ensuring everyone involved with a patient’s care “is on the same page and working from the same information.” The latter includes the ability for clinicians to share patient cards, akin to a mini electronic health record, on a need-to-know basis.

To that end, the Forward app is GDPR compliant, NHS IG Toolkit Certified and meets the GMC’s confidentiality guidelines. Clinicians must have an approved NHS or Trust email address to log into the app. Over the last year it has been piloted with a community of 5,000 doctors across five partner hospitals.

In a call with Harry Stebbings — who led the round on behalf of Stride and whom I promised not to refer to as a podcaster-turned-VC (sorry, Harry, I’m a terrible person!) — he told me that Forward Health’s mission resonated with him personally due to his first-hand experience of how doctors communicate and share information in the NHS. It is quite well-known that Stebbings’ mother has MS, while more recently his father suffered a heart attack.

“I knew healthcare communication was broken when, post my father’s heart attack, they faxed his ECG scans,” he says, aghast.

When he was introduced to the Forward Health team, Stebbings says he already understood the problem. But, more so, he looks for founder-market fit and believes the Forward founders are extremely well-placed to solve this particular problem, with the right mixture of healthcare and product backgrounds.

He says that another thing that has impressed him is the bottom-up growth that the Forward app has garnered, which we both agree is a little reminiscent to how business social network Yammer originally penetrated corporations. This sees healthcare professionals download the app and sign up using their NHS email address, without the need for a central diktat. They then typically encourage colleagues to do the same, which creates further network effects. This viral growth is also benefiting from the current career path of junior doctors, who, as part of their training, move from hospital to hospital and in turn spread use of the Forward app.

Adds Mundy: “The last year has not only furthered our aims to help thousands of doctors and nurses avoid using pagers and WhatsApp, but it’s also shown us the scale of the clinical communication problem. It’s an issue at every level of healthcare, from A&E to community services, and affects all clinicians and every patient. With this capital, we’ll be able to work with even more clinicians across the U.K. to identify their challenges and expand our product to help solve them. We believe our current offering is just the start of what our platform is set to become.”

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Oct
04

Roundtable Recap: October 4 – Diversity in Focus - Sramana Mitra

During this week’s roundtable, we had as a guest Miriam Rivera, Partner at Ulu Ventures, a firm committed to diversity as its core investment philosophy. undivide As for the pitches, first up, we had...

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Original author: Sramana Mitra

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