May
15

Quarterback lets top esports gamers and streamers create their own fan-based leagues

In an effort to tie the top gamers and streamers more directly with their fans, a new company called Quarterback has just raised $2.5 million to create and manage fan-based leagues for the superstars of the esports and streaming world.

The company raked in its seed round from investors led by Bitkraft Esports, which is quickly building one of the most complete portfolios of gaming-related startups in the industry. Additional investors include Crest Capital Ventures, Deep Space Ventures, UpWest Labs and angel investors.

Essentially, it’s a platform for creating gaming leagues and content driven not by game publishers, leagues, or existing streaming sites like Twitch, but by the gamers themselves. It gives streamers and players a new way to reach their audience, the company claims.

Founded by serial entrepreneur Jonathan Weinberg, who acted as the chief executive for Round Robin and held a leadership role in the mobile game studio Spartonix, Quarterback is the latest attempt to get more revenue into the hands of gamers. 

Leagues created on Quarterback can host daily challenges, give away prizes and compete against fan clubs devoted to other top players.

Esports streamers and gamers are among the most bankable influencers, pitching to a new generation of consumers that don’t track traditional media sources. The ability to host and own their own channels gives these streamers an ability to create their own game libraries, cultivate a next generation of talent and encourage one-to-one interactions on platforms they control.

“Most streamers and pros struggle to monetize their fan-base and lose touch with their audience when the fans break away to play their own games,” says Jens Hilgers, a founding partner of Bitkraft Esports Ventures. “Quarterback solves this problem in a unique way by helping streamers become an integral part of their fan’s game-play.”

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May
15

Music payments startup Exactuals debuts R.AI, a ‘Palantir for music royalties’

Exactuals, a software service offering payments management for the music industry, is debuting R.AI, a new tool that it’s dubbed the “Palantir for music.” It’s a service that can track songwriting information and rights across different platforms to ensure attribution for music distributors.

As companies like Apple and Spotify demand better information from labels about the songs they’re pushing to streaming services, companies are scrambling to clean up their data and provide proper attribution.

According to Exactuals, that’s where the R.AI service comes in.

The company is tracking 59 million songs for their “Interested Party Identifiers” (IPIs), International Standard Work Codes (ISWCs) and International Standard Recording Codes (ISRCs) — all of which are vital to ensuring that songwriters and musicians are properly paid for their work every time a song is streamed, downloaded, covered or viewed on a distribution platform.

Chris McMurtry, the head of music product at Exactuals, explained it like this: In the music business, songwriters have the equivalent of a social security number, which is attached to any song they write so they can receive credit and payment. That’s the IPI. Performers of songs have their own identifier, which is the ISWC. Then the song itself gets its own code, called the ISRC which is used to track a song as it’s performed by other artists through various covers, samples and remixes.

“There’s only one ISWC, but there might be 300 ISRCs,” says Exactuals chief executive, Mike Hurst.

Publishing technology companies will pay writers and performers based on these identifiers, but they’re struggling to identify and track all of the 700,000 disparate places where the data could be, says McMurtry. Hence the need for R.AI.

The technology is “an open API based on machine learning that matches disparate data sources to clean and enhance it so rights holders can get paid and attribution happens,” says McMurry.

For publishers, Exactuals argues that R.AI is the best way to track rights across a huge catalog of music, and for labels it’s an easy way to provide services like Apple and Spotify with the information they’re now demanding, Hurst said.

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May
15

Auth0 snags $55M Series D, seeks international expansion

Auth0, a startup based in Seattle, has been helping developers with a set of APIs to build authentication into their applications for the last five years. It’s raised a fair bit of money along the way to help extend that mission, and today the company announced a $55 million Series D.

This round was led by led by Sapphire Ventures with help from World Innovation Lab, and existing investors Bessemer Venture Partners, Trinity Ventures, Meritech Capital and K9 Ventures. Today’s investment brings the total raised to $110 million. The company did not want to share its valuation.

CEO Eugenio Pace said the investment should help them expand further internationally. In fact, one of the investors, World Innovation Lab, is based in Japan and should help with their presence there. “Japan is an important market for us and they should help explain to us how the market works there,” he said.

The company offers an easy way for developers to build in authentication services into their applications, also known as Identification as a Service (IDaaS). It’s a lot like Stripe for payments or Twilio for messaging. Instead of building the authentication layer from scratch, they simply add a few lines of code and can take advantage of the services available on the Auth0 platform.

That platform includes a range of service such as single-sign on, two-factor identification, passwordless log-on and breached password detection.

They have a free tier, which doesn’t even require a credit card, and pay tiers based on the types of users — regular versus enterprise — along with the number of users. They also charge based on machine-to-machine authentication. Pace reports they have 3500 paying customers and tens of thousands of users on the free tier.

All of that has added up to a pretty decent business. While Pace would not share specific numbers, he did indicate the company doubled its revenue last year and expected to do so again this year.

With a cadence of getting funding every year for the last three years, Pace says this round may mark the end of that fundraising cycle for a time. He wasn’t ready to commit to the idea of an IPO, saying that is likely a couple of years away, but he says the company is close to profitability.

With the new influx of money, the company does plan to expand its workforce as moves into markets across the world . They currently have 300 employees, but within a year he expects to be between 400 and 450 worldwide.

The company’s last round was a $30 million Series C last June led by Meritech Capital Partners.

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May
15

BRD crowdraises $32 million to build financial services into a mobile crypto wallet

Crypto wallets can’t remain crypto wallets for long. There is so much competition and so many scammers that value-added features like financial services are de rigueur. BRD knows this quite well and is putting $32 million behind the platform to grow out the features and cryptocurrencies supported on their popular app.

Founded by Aaron Voisine, Adam Traidman, and Aaron Lasher, the company started out as a side product called Bread Wallet. BRD, say the founders, was the first iOS bitcoin wallet in the App Store.

The team has 1.1 million users in 170 countries and 76% of those are iOS. They’ve received 71% of their customers in the past year, a fact that attests to the recent popularity of cryptocurrencies. They have $6 billion of crypto assets under protection.

The team has also partnered with Changelly to help transfer more tokens than Bitcoin and Ethereum – including their own BRD token.

How did they raise the money? By token sale, of course. They ran a $12 million presale and a $20 million crowd sale, resulting in a combine Seed and A round that would make most fintech orgs blush.

The team is most proud of their focus on decentralization.

“We’ve made our name around security, first and foremost. That’s what most the miners and dev crowd know us for, as the most secure way to hold and protect all their cryptoassets,” said Voisine. “The assets themselves are not stored in any centralized system within BRD. A transaction on BRD connects directly to the blockchain and are synced in real-time. There is literally nothing to steal from BRD, since we’re not holding a single asset ourselves… even though we have over $6B USD under protection.”

Further, they are offering BRD Rewards that will let BRD users get discounts and other benefits. This is an effort to “bring a much better balance between fees and utilization.”

“We want to be the service for first-time buyers of crypto. We want to be the most popular onramp for consumers into the crypto economy,” he said.

Lasher feels that his mission is far more interesting than just making an iOS wallet. He sees this as a philosophical change that will bring new understanding of the importance of crypto.

“If sending money globally as easily as an email doesn’t impress you, how about the ability to store your life savings in your head, then walking your family across a war-torn border to safety?” he said.

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May
15

Instacart names David Hahn as new Chief Product Officer

Instacart, the on-demand grocery delivery platform that finds itself at the center of ever-increasing competition, has today announced that David Hahn will be taking over as Instacart’s new Chief Product Officer.

Hahn previously served as VP of Product at LinkedIn, after which time he went to Greylock to serve as an entrepreneur in residence, helping portfolio companies think through their products and monetization strategies.

Most recently, Hahn was President and Chief Product Officer at GoFundMe.

Hahn joins Instacart during an interesting time for the grocery space. Online grocery shopping a delivery has reached “a tipping point,” in the words of Hahn, as incumbents like Walmart and Target formulate their own delivery options. Meanwhile, as we all know, Amazon is working to integrate newly acquired Whole Foods into its Prime delivery portfolio.

“Just a few years from now, everyone will get their groceries this way,” said Hahn. “I’m excited to be part of a company leading that change in such a large and important market.”

Hahn said that he’ll be prioritizing a few things as he acclimates to the role, including the front-end product for consumers and back-end products for retailers that help with inventory management.

Indeed, one of the biggest hurdles at Instacart is integrating with dozens of retailers, many of whom use varying inventory management systems, to consistently and accurately list what is available now in stores to Instacart users.

When this information isn’t correct, it sets off a series of events wherein the shopper has to replace ordered items, which could result in a less-than-perfect delivery.

While the task may seem daunting, Hahn is excited to join Instacart at this particular part of its journey. 

“It’s quite rare to find a business at this particular stage,” said Hahn. “Instacart has reached a super impressive scale with an impressive growth rate, but there is a lot of opportunity ahead and lots of building to do.”

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May
15

200th 1Mby1M Entrepreneurship Podcast With Kanwaljit Singh, Fireside Ventures - Sramana Mitra

Kanwaljit Singh is Founder of Fireside Ventures, a fund focused on building consumer brands in India. This is an excellent conversation about the nascent opportunity that, I expect, will be a major,...

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Original author: Sramana Mitra

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May
14

1Mby1M Virtual Accelerator Investor Forum: With Don Hutchinson (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 Don Hutchinson was recorded in October 2017.  Don...

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Original author: Sramana Mitra

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May
14

Thursday, May 17, 5pm – Rendezvous with Sramana Mitra in Menlo Park, CA - Sramana Mitra

For entrepreneurs interested to meet and chat with Sramana Mitra in person, please join us for our weekly informal group meetups. If you are living in the San Francisco Bay Area or are just in town...

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Original author: Maureen Kelly

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May
14

1Mby1M Virtual Accelerator Investor Forum: With David Blumberg of Blumberg Capital (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 David Blumberg, Blumberg Capital was recorded in...

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Original author: Sramana Mitra

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May
14

What Else is on Qualys’ Radar? - Sramana Mitra

Early this month, Qualys (NASDAQ: QLYS), a pioneer and leading provider of cloud-based security and compliance solutions, reported a strong quarter that blew past market expectations. Qualys’...

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Original author: jyotsna popuri

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May
14

Boulder Open Weekend for Mental Health

May 14, 2018

For the second year Amy and I are supporting the Open Weekend – a celebration of neurodiversity in the startup community – through the Anchor Point Foundation. If you or a loved one have a mental health condition or just want to learn more or help out, I encourage you to check out the event.

Friday, May 18th starts off with the Brain Crawl at Boulder Startup Week. My good friend Jerry Colonna and I spoke at this part of the weekend last year. Saturday, May 19th is the alternative hackathon being held at Techstars. You can RSVP here to attend, mentor as a behavioral health specialist or specialist in some other area like marketing, PR, or engineering, or just jump in to learn more. Sunday will wrap up the weekend with a social day of outdoor games, meditation, and more.

Here is a click to tweet if you want to spread the word or RSVP to the Open Weekend Boulder 2018.

Also published on Medium.

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Original author: Brad Feld

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May
14

Thought Leaders in Healthcare IT: William King, CEO of Zephyr Health (Part 1) - Sramana Mitra

I first spoke with William for our Entrepreneur Journeys series in March 2015. This is a follow-up discussion on the company’s progress and extensive impact by harnessing data from a hundred...

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Original author: Sramana Mitra

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May
14

Catching Up On Readings: Flipkart-Walmart Deal - Sramana Mitra

This feature from The Indian Express covers in detail the $16 billion acquisition of Flipkart by Walmart last week. It looks at the impact of the deal on the two companies as well as their rival...

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Original author: jyotsna popuri

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May
13

Thought Leaders in Artificial Intelligence: Samir Addamine, CEO of FollowAnalytics (Part 5) - Sramana Mitra

Sramana Mitra: Is your largest adoption in retail? Samir Addamine: Retail and financial services are the biggest. Sramana Mitra: Mostly enterprise customers at this point? Samir Addamine: It’s...

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Original author: Sramana Mitra

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May
13

1Mby1M Virtual Accelerator Investor Forum: With Bryce Roberts of OATV, Indie.vc (Part 4) - Sramana Mitra

Sramana Mitra: How are the entrepreneurs receiving this alternate thinking? Bryce Roberts: There’re two trains of thought. In the predominant Silicon Valley culture, the response tends to be, “Why...

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Original author: Sramana Mitra

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May
13

Thought Leaders in Cyber Security: Rao Papolu, CEO of Cavirin (Part 4) - Sramana Mitra

Sramana Mitra: That’s good segue into another question that I want to end this conversation with. There are lots of reports coming out now that quantum computing is becoming more of a reality....

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Original author: Sramana Mitra

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May
12

Thought Leaders in Artificial Intelligence: Samir Addamine, CEO of FollowAnalytics (Part 4) - Sramana Mitra

Sramana Mitra: Help me understand one thing here. Marketing automation is a very crowded field. Try to help me pinpoint where in that very crowded space you fit in. There are all kinds of things...

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Original author: Sramana Mitra

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May
12

1Mby1M Virtual Accelerator Investor Forum: With Bryce Roberts of OATV, Indie.vc (Part 3) - Sramana Mitra

Sramana Mitra: What denomination do you invest in and what stage? What do you require to see to want to invest? Bryce Roberts: For the first batch of companies we did, we had a pretty broad mandate....

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Original author: Sramana Mitra

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May
12

Thought Leaders in Cyber Security: Rao Papolu, CEO of Cavirin (Part 3) - Sramana Mitra

Sramana Mitra: I’m asking the question a bit more not specific to your particular solution. I’m trying to get you to forget that you are the CEO of your company and just really give me an objective...

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Original author: Sramana Mitra

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May
12

399th Roundtable Recording On May 10, 2018: With Steve Beck, Serra Ventures - Sramana Mitra

In case you missed it, you can listen to the recording here:

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Original author: Maureen Kelly

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