Aug
28

Trump doubles down on slamming Google, saying it's 'taking advantage of a lot of people' — and warns Google, Facebook, and Twitter to 'be careful' (GOOG, GOOGL, FB, TWTR)

Donald Trump. Spencer Platt/Getty Images

US President Donald Trump continued on Tuesday to take aim at Google.

From the Oval office in the White House, Trump claimed that the search company was "really taking advantage of a lot of people," according to the Associated Press and other outlets. He also warned Google, Twitter and Facebook — the large tech firms often accused by conservative groups of political bias — to "be careful."

He added that those companies are "treading on very, very troubled territory,"

Earlier that morning, Trump took to Twitter to claim that Google had "rigged" search results in an effort to stifle conservative voices and leave the masses with a negative impression of his administration.

To the earlier comments, Google issued this statement: "Search is not used to set a political agenda, and we don't bias our results toward any political ideology."

A Google spokesperson was not immediately available to respond to Trump's latest comments.

This story is developing. Refresh your browser for updates.

Original author: Greg Sandoval

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Aug
28

The 20 best smartphones in the world

The iPhone 7 and 7 Plus are now more than a year old, but for $550 and $670, respectively, they're still worthy of your attention.

Apple phones generally offer better apps and a better owner experience than their Android rivals, and the iPhone 7 is no different. The support you get from Apple if something goes wrong is superior to what you get from Android device makers. And unlike on most Android phones, with iPhones you can always get the latest software updates straight from Apple as soon as it releases them.

The iPhone 7 and 7 Plus offer some compelling features, including water-resistant cases, great cameras that perform well in low light, and a powerful processor. The phones also work well with other Apple products, including the company's wireless AirPods headphones.

The iPhone 7 Plus' dual-lens camera system is its distinguishing feature. It allows you to take pictures with a professional-looking "bokeh" effect, which blurs the background behind your subject. Additionally, the system allows you to zoom in on your subjects; its second camera offers a 2x optical zoom.

Unlike the digital zoom feature found in other cameras, an optical zoom allows you to enlarge an image of your subject without sacrificing picture quality.

iPhone 7 price: $550

iPhone 7 Plus price: $670

Check out the iPhone 7 review »

Original author: Antonio Villas-Boas

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Aug
28

WeTransfer is getting weird…

What do you do if you’re a European startup competing against the likes of Box and Dropbox, and are looking to make a splash in international markets like the U.S.?

Well, if you’re the Dutch startup WeTransfer (which raised a cool $25 million about three years ago to take the U.S. market by storm), you get weird. Really, really, avant garde-level weird.

The latest overture to the hipsterati is the company’s three video set collaboration with King Krule (which I applaud for no other reason than it lets me write about King Krule on the site).

Here’s the first video from the collaboration between the (Beyonce-and-Tyler-the-Creator-and-New-Yorker-approved) artist and the file transfer and storage service.

On the WePresent “platform” (which, back in my day, we would have called a “web zine”), Krule discusses the process for creating the video — as he will for all subsequent releases — with its directors and creative team.

The first video in the series was directed by longtime Krule collaborators Michael and Paraic Morrissey who work under the nom de video cc. Wade.

The King Krule collab isn’t the first time that WeTransfer looked to cash in on some cultural cache. The company has teamed up with McSweeney’s on a story collaboration called “Clean” written by Shelly Oria and Alice Sola Kim.

Whether or not these forays into the world of the Kool Kidz are the result of a shift in strategy brought on by the company’s relatively new chief executive, Gordon Willoughby (formerly of Amazon), they’re pretty great. (At least, in the sense that we’re writing about WeTransfer for the first time in a few years.)

I can’t say whether WeTransfer’s file sharing service is notably better or worse than Box or Dropbox, but their hipster cred is undeniable. Points to you, WeTransfer. Points to you.

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Aug
28

Puls raises $50 million for in-home technical support

A fund affiliated with the Singaporean government has a great interest in making sure that American consumers are getting the tech support they need.

Temasek, the multi-billion-dollar investment fund associated with the government in Singapore, has led a $50 million round for Puls Technologies, Inc., a San Francisco-based company aiming to be the tech support for American homes and offices.

Current investors Sequoia Capital, Red Dot Capital Partners, Samsung NEXT and Viola Ventures all participated in the new financing, alongside additional new investors Hanaco Ventures and Hamilton Lane.

Founded only three years ago, Puls pitches a service that can match consumers with the appropriate technician in a little over an hour, any day of the week.

The company has built a network of 2,500 technicians in the top 50 cities in the United States, and will provide same-day installation and repair of over 200 products.

Some things the company’s technicians can service include smartphones, televisions, antennas, garage door openers and smart home devices like voice-activated speakers, video doorbells, keyless locks, AI cameras, thermostats and security systems.

It’s the full circle of consumer electronics crap.

“As consumers depend on electronic devices for every aspect of daily life, the world needs a new service model,” said Eyal Ronen, Puls co-founder and CEO, in a statement. “No one should have to drive across town and stand in line to speak to an expert, or wait hours at home for a local repair van to show up.”

With the new funding, the company said it’s poised to take a large chunk of the $50 billion in home automation services around the world. By the end of 2018, the company predicts there will be 11 billion connected devices globally (although that statistic likely includes connected equipment in factories and other technologies related to the Internet of Things that may not have a place in the home).

The company’s projections are also based on a forecast that predicts an average household will have 50 connected devices (to which I can only say… bless their hearts).

“We’re delighted to have Temasek leading this round,” said Ronen in a statement. “As investors in global online leaders, Temasek brings incredible expertise to our board. It’s a huge vote of confidence in our vision, team and execution, as we accelerate our direct-to-consumer business and expand strategic partnerships with big name retailers, insurance companies, and hardware OEMs.”

Puls raised a $25 million round last year as it completed its rebrand from the cell phone servicing business it had been running under the CellSavers brand.

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Jun
05

'We've never been in the data business': Apple said it never took information from Facebook (AAPL)

“You can’t hack what isn’t there,” Very Good Security co-founder Mahmoud Abdelkader tells me. His startup assumes the liability of storing sensitive data for other companies, substituting dummy credit card or Social Security numbers for the real ones. Then when the data needs to be moved or operated on, VGS injects the original info without clients having to change their code.

It’s essentially a data bank that allows businesses to stop storing confidential info under their unsecured mattress. Or you could think of it as Amazon Web Services for data instead of servers. Given all the high-profile breaches of late, it’s clear that many companies can’t be trusted to house sensitive data. Andreessen Horowitz is betting that they’d rather leave it to an expert.

That’s why the famous venture firm is leading an $8.5 million Series A for VGS, and its partner Alex Rampell is joining the board. The round also includes NYCA, Vertex Ventures, Slow Ventures and PayPal mafioso Max Levchin. The cash builds on VGS’ $1.4 million seed round, and will pay for its first big marketing initiative and more salespeople.

“Hey! Stop doing this yourself!,” Abdelkader asserts. “Put it on VGS and we’ll let you operate on your data as if you possess it with none of the liability.” While no data is ever 100 percent unhackable, putting it in VGS’ meticulously secured vaults means clients don’t have to become security geniuses themselves and instead can focus on what’s unique to their business.

“Privacy is a part of the UN Declaration of Human Rights. We should be able to build innovative applications without sacrificing our privacy and security,” says Abdelkader. He got his start in the industry by reverse-engineering games like StarCraft to build cheats and trainer software. But after studying discrete mathematics, cryptology and number theory, he craved a headier challenge.

Abdelkader co-founded Y Combinator-backed payment system Balanced in 2010, which also raised cash from Andreessen. But out-muscled by Stripe, Balanced shut down in 2015. While transitioning customers over to fellow YC alumni Stripe, Balanced received interest from other companies wanting it to store their data so they could be PCI-compliant.

Very Good Security co-founder and CEO Mahmoud Abdelkader

Now Abdelkader and his VP from Balanced, Marshall Jones, have returned with VGS to sell that as a service. It’s targeting startups that handle data like payment card information, Social Security numbers and medical info, though eventually it could invade the larger enterprise market. It can quickly help these clients achieve compliance certifications for PCI, SOC2, EI3PA, HIPAA and other standards.

VGS’ innovation comes in replacing this data with “format preserving aliases” that are privacy safe. “Your app code doesn’t know the difference between this and actually sensitive data,” Abdelkader explains. In 30 minutes of integration, apps can be reworked to route traffic through VGS without ever talking to a salesperson. VGS locks up the real strings and sends the aliases to you instead, then intercepts those aliases and swaps them with the originals when necessary.

“We don’t actually see your data that you vault on VGS,” Abdelkader tells me. “It’s basically modeled after prison. The valuables are stored in isolation.” That means a business’ differentiator is their business logic, not the way they store data.

For example, fintech startup LendUp works with VGS to issue virtual credit card numbers that are replaced with fake numbers in LendUp’s databases. That way if it’s hacked, users’ don’t get their cards stolen. But when those card numbers are sent to a processor to actually make a payment, the real card numbers are subbed in last-minute.

VGS charges per data record and operation, with the first 500 records and 100,000 sensitive API calls free; $20 a month gets clients double that, and then they pay 4 cent per record and 2 cents per operation. VGS provides access to insurance too, working with a variety of underwriters. It starts with $1 million policies that can be much larger for Fortune 500s and other big companies, which might want $20 million per incident.

Obviously, VGS has to be obsessive about its own security. A breach of its vaults could kill its brand. “I don’t sleep. I worry I’ll miss something. Are we a giant honey pot?,” Abdelkader wonders. “We’ve invested a significant amount of our money into 24/7 monitoring for intrusions.”

Beyond the threat of hackers, VGS also has to battle with others picking away at part of its stack or trying to compete with the whole, like TokenEx, HP’s Voltage, Thales’ Vormetric, Oracle and more. But it’s do-it-yourself security that’s the status quo and what VGS is really trying to disrupt.

But VGS has a big accruing advantage. Each time it works with a clients’ partners like Experian or TransUnion for a company working with credit checks, it already has a relationship with them the next time another clients has to connect with these partners. Abdelkader hopes that, “Effectively, we become a standard of data security and privacy. All the institutions will just say ‘why don’t you use VGS?'”

That standard only works if it’s constantly evolving to win the cat-and-mouse game versus attackers. While a company is worrying about the particular value it adds to the world, these intelligent human adversaries can find a weak link in their security — costing them a fortune and ruining their relationships. “I’m selling trust,” Abdelkader concludes. That peace of mind is often worth the price.

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Jun
02

Execs at $3.7 billion Box look for 4 things when buying a company, and its latest 12-person acquisition checked ‘all the boxes’ (BOX)

Spotinst, the startup that helps companies purchase and manage excess cloud infrastructure capacity, announced a hefty $35 million Series B today led by Highland Capital.

Existing investors Leaders Fund, Intel Capital and Vertex Ventures also participated. Today’s round brings the total investment to over $52 million.

Cloud infrastructure vendors like Amazon Web Services, Microsoft Azure and Google Cloud Platform run massive data centers to have enough capacity at any given moment to respond to customer demand. That means there are always going to be some machines sitting idle. To make use of this excess capacity, the vendors offer deep discounts of up to 80 percent, but there’s a catch.

If the vendor needs that virtual machine at any given moment, the discount customers are going to get kicked off. That leaves developers wary of putting anything critical on the discounted servers, no matter how much they are saving.

That’s where Spotinst comes in. “With machine learning and artificial intelligence, Spotinst can predict trends of availability. We know how long an instance will live and we can smoothly move our customers from one instance to another, allowing them to run complex or mission critical applications,” Spotinst co-founder and CEO Amiram Shachar told TechCrunch.

He sees the two trends of developers moving toward serverless and containerization really helping to drive his business growth. The company announced support for Lambda, AWS’s serverless product, last fall and they are also seeing a big rise in the use of containers. “What we’ve seen in the past six months is that our containers offering is growing exponentially month over month. And as customers are deploying containers we’re able to run them on excess capacity, and save them huge amounts of money,” he explained.

Spotinst management console. Screenshot: Spotinst.

Shachar is clear that they are not offering a brokerage service here. Instead, his customers sign up for Spotinst as a cloud service, and his company makes money by taking a percentage of the money customers save by using this spot capacity.

The company began by working with AWS spot instances, but has since expanded its market to include Google and Microsoft extra capacity as well. In the future, depending on their requirements, customers could potentially move across clouds seamlessly if they wish, moving to wherever the best available price is at any given moment, using Spotinst to manage the transitions. While that’s not something they offer now, it is on the roadmap, he says.

It’s worth noting that just yesterday, VMware bought CloudHealth Technologies, a company that helps customers manage a multi-cloud environment from a single console. Shachar acknowledges that a company like his could be also be an attractive target for a large company, but he and his co-founders are only looking toward building the business and continuing to improve the product.

The company currently has 100 employees, but with the additional investment, Shachar expects to double that in the next year between their U.S. office in San Francisco and their engineering office in Tel Aviv.

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Aug
28

Planday raises €35M Series C for its shift-based work collaboration platform

Planday, the workforce collaboration platform for shift workers, has raised €35 million in new funding. The Series C round is led by SEB Private Equity, with participation from previous backers, including Creandum and Idinvest.

The Danish startup plans to use the additional investment to further develop the cloud-based software and to expand into new markets across Europe and North America. This will also include establishing a U.K.-based technology development hub — which represents a major market for Planday — as well as to grow sales and customer support teams in its London office.

Founded in 2013, Planday has developed a flexible rota scheduling platform that is used by businesses to help manage shift workers. The cloud software enables “real-time, contextual communication” between employees, managers and co-workers in shift-based industries that have been traditionally underserved by tech.

Specifically, employees can communicate with each other, swap shifts and clock in and out. Managers can also create ‘smart’ schedule templates, measure their target revenue compared to wage costs and track hours worked.

Planday is also arguably a platform in the true sense of the word, in terms of integrating with integrating with various third-party software offerings that are used by shift-based businesses. This includes payroll/accounting software from Intuit and Sage, and EPOS software from Lightspeed and iZettle.

“Our mission is to deliver fully integrated solutions that provide a seamless experience for our customers,” says John Coldicutt, Chief Commercial Officer at Planday.

Meanwhile, Planday says its customer base spans 39 countries, and in the U.K., where it is estimated that 26 percent of all work is shift-based, the startup is growing 250 percent annually, although it doesn’t break out actual numbers.

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Aug
28

A Vision India 2020 Experience: Brijrama Palace, Varanasi - Sramana Mitra

  We spent six days in August 2018 at Brijrama Palace, a heritage hotel in Varanasi, and loved every moment of it. With me were my elderly parents. I am an experienced traveler. Thus, this...

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Original author: Sramana Mitra

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Aug
27

Eventbrite just made some pricing changes as it moves toward an IPO

Reaching event organizers to help them sell tickets isn’t cheap. Eventbrite — the 12-year-old, San Francisco-based ticketing company that announced plans last week to go public and sell $200 million worth of shares on the NYSE — has been losing money since 2016, posting losses of $40.4 million in 2016, $38.5 million for 2017 and $15.6 million so far this year.

Now the company is trying to make up for some of those losses by announcing a new pricing scheme. Today, it sent customers a note explaining that for those using its “Essentials” package (unlike its “Professional” package, whose bells and whistles include customer support, customer questions for attendees and more), reduced prices are coming for many. Specifically, payment processing fees are dropping from 3 percent to 2.5 percent. Fees for tickets are falling from .99 cents to .70 cents.

The moves don’t really mean that Eventbrite is charging less. In fact, instead of charging one percent of every ticket price as a service fee, Eventbrite will now take a 2 percent cut, which should add up for organizers that use the service for bigger events. It’s also removing a service fee cap of $19.99 that it used to institute no matter how much an event organizer was charging.

Asked about the pricing changes, a spokesperson sent us a fairly bland statement: “At Eventbrite we have always been committed to enabling event creators to deliver a diverse range of live experiences by offering a superior product at a fair price. The changes we announced today will mean lower ticket fees for the vast majority of our creators, and the millions of people that attend the events they plan, promote and produce each year. We succeed when our creators succeed and this change is indicative of a focus on ensuring we make the best decisions for the majority of our customers.”

It isn’t surprising that Eventbrite is looking for ways to fight rising acquisition costs owing to the competition it faces from all corners. In addition to platforms for smaller get-togethers like Paperless Post and competition for bigger events like Ticketmaster (which owns Live Nation), Eventbrite acknowledged in its S-1 filing that it could face competition from large internet companies like Facebook, Google and Twitter, too.

Eventbrite had reportedly filed confidentially for an IPO back in July. As noted on TechCrunch’s “Equity” podcast last week by Susan Mac Cormac, a partner at the global law firm Morrison Foerster, companies often file confidentially first if they are exploring other options, including, most notably, M&A.

“These unicorns,” says Mac Cormac, “it’s difficult for them to go public because they have such a huge valuation to begin with that M&A is often a better option. You don’t want to go out and have your stock fall 30, 40, 50 percent as sometimes happens.”

Partly through acquisitions, Eventbrite saw its revenue rise from $133 million in 2016 to $201 million last year. Last year, for example, Eventbrite acquired Ticketfly, a ticketing company that focused largely on the live entertainment industry and which had sold to the streaming music company Pandora in 2015 for a reported $335 million but Eventbrite was able to nab last year at the discounted price of $200 million.

Eventbrite has also made a broader international push in recent years, acquiring Ticketea, one of Spain’s leading ticketing providers, back in April, and acquiring Amsterdam-based Ticketscript back in January of last year. And those deals followed roughly half a dozen others.

Over the years, the company has raised roughly $330 million from investors, according to Crunchbase. Its biggest shareholders, shows its S-1, are Tiger Global Management, Sequoia Capital and T. Rowe Price. Collectively, the three entities own roughly half of Eventbrite’s pre-IPO shares.

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Aug
27

1Mby1M Virtual Accelerator Investor Forum: With Yipeng Zhao of Embark Ventures (Part 1) - Sramana Mitra

Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Yipeng Zhao of Embark Ventures was recorded in...

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Original author: Sramana Mitra

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Aug
27

VMware acquires CloudHealth Technologies for multi-cloud management

VMware is hosting its VMworld customer conference in Las Vegas this week, and to get things going it announced that it’s acquiring Boston-based CloudHealth Technologies. They did not disclose the terms of the deal, but Reuters is reporting the price is $500 million.

CloudHealth provides VMware with a crucial multi-cloud management platform that works across AWS, Microsoft Azure and Google Cloud Platform, giving customers a way to manage cloud cost, usage, security and performance from a single interface.

Although AWS leads the cloud market by a large margin, it is a vast and growing market and most companies are not putting their eggs in a single vendor basket. Instead, they are looking at best of breed options for different cloud services.

This multi-cloud approach is great for customers in that they are not tied down to any single provider, but it does create a management headache as a consequence. CloudHealth gives multi-cloud users a way to manage their environment from a single tool.

CloudHealth multi-cloud management. Photo: CloudHealth Technologies

VMware’s chief operating officer for products and cloud services, Raghu Raghuram, says CloudHealth solves the multi-cloud operational dilemma. “With the addition of CloudHealth Technologies we are delivering a consistent and actionable view into cost and resource management, security and performance for applications across multiple clouds,” Raghuram said in a statement.

CloudHealth began offering support for Google Cloud Platform just last month. CTO Joe Kinsella told TechCrunch why they had decided to expand their platform to include GCP support: “I think a lot of the initiatives that have been driven since Diane Greene joined Google [at the end of 2015] and began really driving towards the enterprise are bearing fruit. And as a result, we’re starting to see a really substantial uptick in interest.”

It also gave them a complete solution for managing across the three of the biggest cloud vendors. That last piece very likely made them an even more attractive target for a company like VMware, who apparently was looking for a solution to buy that would help customers manage across a hybrid and multi-cloud environment.

The company had been planning future expansion to manage not just the public cloud, but also private clouds and data centers from one place, a strategy that should fit well with what VMware has been trying to do in recent years to help companies manage a hybrid environment, regardless of where their virtual machines live.

With CloudHealth, VMware not only gets the multi-cloud management solution, it gains its 3000 customers which include Yelp, Dow Jones, Zendesk and Pinterest.

CloudHealth was founded in 2012 and has raised over $87 million. Its most recent round was a $46 million Series D in June 2017 led by Kleiner Perkins. Other lead investors across earlier rounds have included Sapphire Ventures, Scale Venture Partners and .406 Ventures.

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Aug
27

OVH gets a new CEO

French cloud hosting company OVH just announced a new CEO. Michel Paulin is now heading the company. Founder Octave Klaba remains Chairman of the Board and plans to focus on the big picture.

Paulin recently worked at telecom company SFR. If you look further in the past, he also was a key member at Neuf Cegetel, another telecom company. He overlooked the IPO of Neuf Cegetel and the merger with SFR more than ten years ago.

While telecom companies and cloud hosting companies aren’t the same thing, it sounds like Paulin could bring his operational and M&A experience at OVH.

OVH is currently trying to morph its cloud offering into a leading alternative service to Amazon Web Services, Microsoft Azure, Google Cloud and Alibaba Cloud. The company is currently working on simplifying its offering and attracting new clients.

The company currently has 2,500 employees and generated $488 million in revenue in 2017 (€420 million). OVH still plans to invest a ton of money in hiring more people, opening more data centers and launching new offerings.

The company has raised hundreds of millions of dollars over the years. More recently, OVH got a $467 million credit line (€400 million) from multiple banks to expand aggressively. The new executive team could help when it comes to… executing this roadmap.

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Aug
27

Bellwether Coffee raises $10M to bring more transparency to the coffee industry

Caffeine-infused meal replacement products may be all the rage among techies, but a good ol’ cup of joe is still the choice morning beverage for most of us. To capitalize on America’s insatiable coffee habit, Bellwether Coffee has raised a $10 million Series A and begun selling its zero-emissions commercial roaster and online coffee bean marketplace to cafés and grocers. The funding follows a $6 million seed round in 2016.

Congruent Ventures led the round for the Berkeley, Calif.-based startup, with participation from FusionX Ventures, Tandem Capital, New Ground Ventures, Hardware Club, XN Ventures and SolarCity founders Pete and Lyndon Rive. As part of the deal, Pete Rive has joined the startup’s board, as has Congruent managing partner Josh Posamentier. Bellwether was founded by Ricardo Lopez, who serves as the company’s head of product innovation, in 2013. 

Bellwether CEO Nathan Gilliland says the company sits at the nexus of software and hardware. The latter can be a tougher sell to VCs, though Gilliland said its latest round was oversubscribed. The company has just begun leasing its $1,000 per month ventless, electric coffee roaster to cafés, grocers and other businesses.

As part of the monthly fee, Bellwether customers get access to its online bean marketplace, which they can use to order beans from a revolving list of 20-some coffee farms curated by the team at Bellwether. Retailers and coffee consumers also can tip farmers directly via Bellwether. Gilliland explained that could be a game changer for the industry. Coffee farmers, he said, earn roughly 75 cents per pound of coffee sold. If a dollar is tipped on every pound of coffee, a farmer could double their revenue.

Tracing where the beans in your daily brew originated from, whether that be Guatemala, Ethiopia, Colombia or another one of the top producers of beans, can be difficult. Bellwether’s marketplace, which lets retailers browse coffee farms based on factors, including whether the farm is organically certified or woman-owned, is intended to add a bit of transparency to an often opaque business.

“We live in such a connected world now it really makes sense to enable consumers to know who made their coffee and where they are located,” Gilliland told TechCrunch. “We really try to align the quality and the taste with the sustainability metrics. We want a perfect balance between the two.”

Berkeley, Calif.-based Bellwether Coffee has raised a $10 million Series A led by Congruent Ventures

Bellwether has a large potential market, as most cafés and grocers don’t have in-house roasters, but can save money by leasing one like Bellwether’s. On top of that, Americans drink a whole lot of coffee. According to a recent study by the money-saving app Acorns, one-third of its users spent more on coffee annually than they invested. Most of their respondents, however, were millennials, who of course are known to overspend on avocado toast, among other things. So their spending habits may not be the most accurate representation of all coffee consumers. Regardless, there could be a big opportunity here for Bellwether.

In the coffee tech scene generally, a few other companies have captured the attention of venture capital investors recently. Luckin Coffee, a Chinese on-demand coffee delivery startup, raised $200 million in July at a billion-dollar valuation, followed by a $40 million round for Bulletproof 360, the company behind Bulletproof Coffee.

If Bellwether doesn’t soar into unicorn territory, Gilliland has at least come to appreciate a good cup of coffee and its many subtleties.

“I will admit, I used to throw a little creamer in my coffee but no, it’s all black now.”

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Aug
27

1Mby1M Virtual Accelerator Investor Forum: With Rob Schultz of Serra Ventures (Part 1) - Sramana Mitra

Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Rob Schultz of Serra Ventures was recorded in March...

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Original author: Sramana Mitra

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Aug
27

Qualys Boosts Its Gov Platform - Sramana Mitra

Early this month, cloud-based security and compliance solutions provider Qualys reported results for its second quarter that beat estimates. It also raised its outlook for the year. Qualys’...

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Original author: Sramana_Mitra

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Aug
27

Berkshire Hathaway reportedly agrees to buy stake in One97, owner of Paytm

Berkshire Hathaway has reportedly agreed to buy a stake in One97, the owner of India’s largest digital payments service Paytm . This would mark the first time the investment firm has invested in an Indian startup. According to Indian financial news site Mint, which first broke the news, Berkshire Hathaway, the investment firm headed by Warren Buffett, is set to buy shares worth about $300 million to $350 million, at a valuation of about $10 billion to $12 billion.

Another report in Bloomberg says Berkshire Hathaway will acquire a 3% to 4% stake in One97.

Paytm’s investors already include SoftBank, which led a $450 million round in Paytm earlier this year, and Alibaba. Already India’s largest digital wallet and payment service with 230 million registered users, Paytm has recently focused on adding a host of new mobile services that could potentially turn it into a WhatsApp competitor, including a messenger and games.

A spokesperson for One97 declined to comment. TechCrunch has also contacted Berkshire Hathaway.

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Aug
27

1Mby1M Virtual Accelerator Investor Forum: With Yanai Oron of Vertex Ventures (Part 1) - Sramana Mitra

Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Yanai Oron of Vertex Ventures was recorded in March...

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Original author: Sramana Mitra

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  51 Hits
Aug
27

10 things in tech you need to know today

Logan Paul and KSI.Logan Paul/YouTube

Good morning! This is the tech news you need to know this Monday.

1. Three people, including the gunman, were killed in a mass shooting at a video game tournament on Sunday in Jacksonville, Florida. The gunman was identified as 24-year-old gamer David Katz from Baltimore, Maryland.

2. The YouTube boxing match between KSI and Logan Paul ended in a draw. Attendees booed the decision, but both YouTubers called for a rematch.

3. YouTuber KSI said in an interview that he would have studied computer science at university if he hadn't taken up making videos. He also said he wanted to become a professional boxer.

4. Elon Musk has said he no longer wants to turn Tesla into a private company. Musk insisted, in the face of widespread scepticism, that he could have funded the move.

5. Uber is pivoting from cars to bikes and e-scooters for shorter journeys, CEO Dara Khosrowshahi told the Financial Times. Khosrowshahi said the move would mean a short-term hit to profits.

6. Data from states shows thousands of Amazon employees are on food stamps. Nearly one in three Amazon employees in Arizona and 1 in 10 in Ohio were on food stamps or lived with someone who was in 2017, according to data obtained by nonprofit New Food Economy from state governments.

7. China's Didi suspended its ride hailing service again after a second female passenger was assaulted and murdered. It's the second time such an incident has taken place since May.

8. Walmart filed a patent for virtual stores, and it could be the next front in its battle with Amazon. The virtual stores would potentially allow shoppers to explore a three-dimensional representation of the company's stores, shopping much like they would in real life.

9. 'Fortnite' on Android had a critical security flaw that wouldn't have happened if the game was released on Google Play. The "Fortnite" installation program on Android had a loophole that allowed malicious actors to gain access to users' phones.

10. Oculus founder Palmer Luckey gave a brutal review of mixed reality device Magic Leap. He wrote: "Unfortunately, their current offering is a tragedy in the classical sense, even more so when you consider how their massive funding and carefully crafted hype sucked all the air out of the room in the AR space."

Have an Amazon Alexa device? Now you can hear 10 Things in Tech each morning. Just search for "Business Insider" in your Alexa's flash briefing settings.

Original author: Shona Ghosh

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Aug
27

Catching Up On Readings: Asia in Global Venture Financing - Sramana Mitra

This feature from TechCrunch looks at the increasing role of Asian investors in global venture financing. From just 5% ten years ago, Asian funds invested $61 billion or 40% of $154 billion in 2017,...

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Original author: jyotsna popuri

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Aug
27

Police have identified the suspect in the deadly shooting in Jacksonville — here's what we know about him

Jacksonville shooting suspect David Katz during a tournament in 2017. Youtube/Compton187

Authorities identified 24-year-old David Katz as the suspected gunman in a mass shooting at a live gaming event in Jacksonville, Florida, on Sunday.

Three people, including the gunman, were killed in the shooting, and 11 more were injured.

Police said the shooting occurred around 1:30 pm during a livestream tournament of the new game Madden NFL 19, hosted at the Good Luck Have Fun Game Bar at Jacksonville Landing, an outdoor mall.

SWAT teams conducted sweeps of the premises and found three dead at the scene, including Katz, who police said died of a self-inflicted gunshot wound.

Police found Katz's vehicle near the scene of the shooting, and believed he had been staying at a nearby hotel. Authorities in Baltimore, Katz's hometown, are assisting with the investigation.

Jacksonville police are unclear of Katz's motive, and whether he knew any of the victims, who have not yet been identified. Police said Katz used one firearm, and it remains unclear whether the gun was legally purchased.

Police said Katz was a known gamer. According to videos posted online, Katz was active in gaming tournaments, and went by the nickname "Bread."

He appears to have won the the Madden Bills Championship in 2017.

During a YouTube livestream of the 2017 tournament, announcers said Bread did not show "much emotion" during his matches.

"David Katz keeps to himself. He's a man of business," the announcer said. "He's not here to make friends."

"You can't even get him to open up about anything, it's like pulling teeth," the announcer added.

A competitor at the 2018 Jacksonville tournament told the LA Times on Sunday that the shooter was a participant who had been disqualified earlier in the day, but authorities have not confirmed the testimony.

A recording on the live stream platform Twitch shows two competitors playing the game before what looks like a red laser appears to point at one of the competitor's sweatshirts. The stream then ends abruptly as gunshots are heard.

Drini Gjoka, one of the two competitors shown in the live stream, tweeted following the event.

Another competitor, identified by classmates to the LA Times as Elijah Clayton, was also seen in the Twitch livestream. He is widely known by his nickname Trueboy.

On Saturday, Clayton tweeted that he had "won every game" and was waiting for the singles match.

"This is a horrible situation, and our deepest sympathies go out to all involved," EA Sports, the makers of the Madden NFL game, said in a statement.

Original author: Rosie Perper

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