Jun
22

Thought Leaders in Artificial Intelligence: John Roese, Global CTO of Dell EMC (Part 4) - Sramana Mitra

Sramana Mitra: I’ll just make one point. I agree with you that there is this whole category of invisible AI that is already prevalent in some domain. In cyber security and ad tech, that invisible AI...

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Original author: Sramana Mitra

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Jun
22

Citymapper lets you find Ofo, Mobike and scooters around you

Urban transportation app Citymapper quietly rolled out an app update that lets you find many alternative mobility services in the app. You can now find the nearest dockless bike or electric scooter around you (not the Bird and Lime kind, the motorcycle kind).

The integrations are already live in many cities. The company didn’t add new buttons for each service because it was already getting quite crowded with buses, subways and ride-sharing services.

If you tap the bike button, you get a map view of the streets around you. In addition to traditional bike-sharing services, you’ll now find colored dots representing both Ofo and Mobike . Below the map, you get a list of the closest bikes. TechCrunch’s Ingrid Lunden previously reported that the Mobike integration was coming soon.

But Citymapper also added a new scooter button in multiple cities. As the name suggests, this button helps you locate the closest free-floating scooter that you can unlock with your phone.

In Paris, you’ll find Coup and Cityscoot scooters. In Berlin, you’ll find Coup scooters. In Madrid and Barcelona, you’ll find Muving, ioscoot, eCooltra and Yugo scooters… You get the idea. Chances are all your local options will be there.

Interestingly, electric scooters from Bird and Lime aren’t in there just yet. It might be what everybody is talking about, but you’ll only see Jump and Ford bikes in San Francisco.

For now, all you can do is locate the nearest bike or scooter. You still have to open each individual app to scan the QR code and unlock those vehicles.

But this is an interesting approach. Citymapper doesn’t operate any transportation service. It can be an agnostic player and provide a comprehensive view of what’s around you without any conflict of interest. It doesn’t have to recreate a transportation hub like Lyft or Uber as those two companies recently acquired Motivate and Jump to provide bike-sharing services.

And if you’re visiting a city for the first time, you can open the app to find out how you’ll be able to navigate that new city.

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Jun
22

Transfer.sh is an instant sharing tool for programmers

File sharing tools are a dime a dozen these days. There’s Dropbox, Google Drive, and iCloud. But what if you want to share something quickly and easily from the command line? That’s why programmer Remco Verhoef created Transfer.sh.

The service has basically a file dump. You send a file to transfer.sh via curl and it stays there for fourteen days until its automatically deleted. For example, I uploaded this picture by adding a bit of code to my .bashrc.

The system is one of those small, clever tools that just works. Verhoef created it because he needed to be able to upload files on the fly.

“I created this application when I needed to share log data from within a ssh shell with someone else,” he said. “So I created a web application where I can easily upload files using curl (which is available on almost every platform) just using the command line and modify the file on the fly, like encrypting the contents, applying grep etc. The application has been made open source because it could be usable for many other people and I’d encourage them to run their own server.”

“We don’t have a business model, and we are keeping the site running as courtesy. It is getting a bit difficult to keep it running, because of the popularity and usage,” he said. He also runs a dev shop and is releasing a number of other products including ICO security.

Verhoef doesn’t promise security on his platform, only convenience. He recommends piping files through gpg before uploading them.

Not everyone is using the product for good, however, which frustrates his team.

“It is being used by a lot of people,” he said. “Some are using it for uploading log files, others are exporting complete video surveillance to us. Sometimes it is being abused, by distributing malware, botnets and other malicious tools, but we try to stop it as soon as possible. One time a porn website was serving porn photos through us, and when we found out we had all photos replaced by dogs and kittens.”

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Jun
22

403rd Roundtable Recording On June 21, 2018 - 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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Jun
22

2018 IPO Prospects: Qualtrics Acquires to Add to Customer Experience Offering - Sramana Mitra

According to a recent MarketsandMarkets report, the global customer experience management market is projected to grow at a CAGR of 23% from an estimated $5.98 billion in 2017 to 16.91 billion by the...

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Original author: MitraSramana

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Jun
22

Twitter buys a startup to battle harassment, e-cigs are booming, and a meditation app is worth $250M

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week TechCrunch’s Silicon Valley Editor Connie Loizos and I jammed out on a couple of topics as Alex Wilhelm was out managing his fake stock game spreadsheets or something. (The jury is out on whether this was a good or bad thing.)

First up is Twitter buying Smyte, a startup targeting fixes for spam and abuse. This is, of course, Twitter’s perennial problem and it’s one that it’s been trying to fix for some time — but definitely not there yet. The deal terms weren’t disclosed, but Twitter to its credit has seen its stock basically double this year (and almost triple in the past few years). Twitter is going into a big year, with the U.S. midterm elections, the 2018 World Cup, and the Sacramento Kings probably finding some way to screw up in the NBA draft. This’ll be a close one to watch over the next few months as we get closer to the finals for the World Cup and the elections. Twitter is trying to bill itself as a home for news, focusing on live video, and a number of other things.

Then we have Juul Labs, an e-cigarette company that is somehow worth $10 billion. The Information reports that the PAX Labs spinout from 2015 has gone from a $250 million valuation all the way to $10 billion faster than you can name each scooter company that’s raising a new $200 million round from Sequoia that will have already been completed by the time you finish this sentence. Obviously the original cigarette industry was a complicated one circa the 20th century, so this one will be an interesting one to play out over the next few years.

Finally, we have meditation app Calm raising a $27 million round at a $250 million pre-money valuation. Calm isn’t the only mental health-focused startup that’s starting to pick up some momentum, but it’s one that’s a long time coming. I remember stumbling upon Calm.com back in 2012, where you’d just chill out on the website for a minute or so, so it’s fun to see a half-decade or so later that these apps are showing off some impressive numbers.

That’s all for this week, we’ll catch you guys next week. We apologize in advance if Alex makes it back on to the podcast.

Equity  drops every Friday at 6:00 am PT, so subscribe to us on Apple PodcastsOvercast, Pocketcast, Downcast and all the casts.

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Jun
22

Thought Leaders in Corporate Innovation: Anita Sands, Board Member of ServiceNow and Symantec (Part 4) - Sramana Mitra

Sramana Mitra: I’m going to make a couple of points on what you said. I was talking to Head of Commercial Banking in American Express. She told me that they waited a long time before they got into...

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Original author: Sramana Mitra

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Jun
22

I’m Honored That I Get To Work With Ayah Bdeir At littleBits

I’ve been consistently public, for almost a decade, about my belief that we should significantly change our approach to immigration in the US, especially for entrepreneurs. As one of the original advocates of the Startup Visa, I continue to be bummed out that our government can’t seem to figure out why this is important or doing anything productive around it.

But, I’ve been appalled the past few days, as Amy and I spend time in Germany, to watch the Trump immigration enforcement that separates children from their parents and detain the children in separate locations. While we had a joyful anniversary yesterday, I felt a bitter emotional undercurrent that upset me.

I’m lucky that I was born an American citizen. Over the years, I’ve invested in many immigrant entrepreneurs. Amy and I have supported a number of organizations that help immigrants and refugees. But when I saw Ayah Bdeir’s blog post titled Zero Tolerance for Zero Tolerance on the littleBits blog, it brought tears to my eyes.

We’ve been investors in littleBits since 2013. I’ve gotten to know and deeply respect Ayah as a leader and an entrepreneur. But I especially appreciate her as a human being. Her story is an amazing one, and she continues to be brave about her experience and the values that have come from it.

In her words:

“I know firsthand the strife of being a refugee. In 1982, my family fled my home country of Lebanon because they feared for our lives during the Lebanese-Israel war; we were welcomed in Canada with open arms. In 1989, a civil war broke out and my parents fled violence again to Canada, where we were again welcomed and allowed to live with dignity and respect. In 2006, a war broke out between Israel and Lebanon; my sister and I separated from my mom and other sisters to flee to Jordan, then the United Kingdom, then the United States.

I was 24-years-old, I was fully aware of what was going on, I spoke fluent English, and I had means to buy flights and hire a lawyer. Yet it was still a massively traumatizing experience. I cried for weeks afterwards and I remember every second vividly. The kids we are talking about today do not have any of the resources I had, and they will be scarred for life.”

The post is powerful and an example of the kind of intellectual leadership that makes me proud to know someone. She states clearly her view:

“History will judge us if we sit still and allow this to happen. Our kids will not forgive us if we don’t stand up for them. Our conscience will not rest if we allow something so basically human to appear partisan. We must speak out.”

Please read her entire post. In our current world of tweets and soundbites, I think it is even more important to read slowly and thoughtfully, especially from people who have direct experience with different situations that we are confronted with as a society.

And – if you want to help, here is a list of activist groups supporting families at the border that need your help right now.

Ayah – I’m honored to know you and get to work with you. Thank you for your very public leadership.

Also published on Medium.

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Original author: Brad Feld

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Jun
14

1Mby1M Virtual Accelerator Investor Forum: With Laurel Touby of Supernode Ventures (Part 2) - Sramana Mitra

Labstep, an app and online platform to help scientists record and reproduce experiments, has raised £1 million in new funding, including from existing investors. The company, whose team has a background in commercial R&D and academic research, including at Oxford University, is backed by Seedcamp and says it plans to use the new capital to double its team to 12, and for further product development.

This will include the launch of a marketplace for lab supplies, and is one of the ways Labstep plans to generate revenue. The startup will also add features to its app that streamline how scientists outsource elements of their research.

First conceived of in late 2013 and soft launched in 2015, Labstep has set out to digitise the lab experiment tracking and sharing process, and in turn give scientific research a major leg up.

As explained by CEO and co-founder Jake Schofield, science experiments are often recorded in an archaic way, relying on a mixture of pen and paper or entering resulting data into legacy software. Not only is this cumbersome but it also means that experiments are prone to mistakes and can be especially hard to replicate and therefore validate, either by a team working together internally or when sharing and cross-checking with the wider scientific and research community.

Enter: Labstep. The platform and app enable scientists to build libraries of experimental procedures — a bit like recipes — and then easily record progress when following a procedure in the lab, including building a timeline of the experiment. Procedures can also be shared with teams or more broadly, as well as deviated from in a transparent way. In fact, Schofield says one way to think about Labstep is as a ‘Github for lab experiments’. Procedures can be made public or private and can be optionally forked.

“Rather than following paper printouts, when actually carrying out your experimentation you can walk through these procedures step by step on a mobile device at the bench,” Schofield tells me. “Interactive features streamline and make it much easier to capture, comment, and record when you deviate from these processes”.

“Our API allows you to connect all the devices in your lab and automate the upload of results,” he explains. “Every action creates a timeline post, this automatic audit trail increases accuracy and saves the huge amounts of time normally spent writing a progress diary after the fact. You can form lab groups, like internal slack channels, that allow you to share these protocol libraries and real-time updates to see how your colleagues are progressing, this is massive as people are often collaborating and working in different geographical locations”.

In addition, the record of the steps that lead to a scientific conclusion can be attached to academic papers in the form of a URL so that other scientists can attempt to replicate the findings. This feature alone could go some way to tackling what the Labstep founder says is “a global reproducibility crisis,” estimated to cost billions per year in wasted research.

“At the point you publish your results, the competitive emphasis on keeping your research private shifts as you now want others to reproduce and validate your findings. We generate unique IDs that can be put in your publications and methods sections to link the protocols and the process that lead to these results,” he says.

As a route to monetisation, in the coming months Labstep will roll out a marketplace to make it easier to source the lab supplies needed to reproduce findings. It also plans to harness the real-time data that the Labstep app captures on how supplies in the lab are used, and Schofield says that by streamlining the ordering process, the reproducibility problem can be further addressed.

In another nod to collaboration, Labstep will also launch cloud features that allow users to outsource elements of the experimental process. I’m told that although outsourcing of research is commonly done in commercial R&D, it is used much less in academia.

Meanwhile, Labstep says it has users from over 600 universities globally including Stanford, Harvard and MIT in the U.S., and Oxford, University College London, Imperial College, King’s College and the Crick Institute in the U.K. It’s also not the only startup in this space to have got the attention of investors. Benchling, a graduate of Silicon Valley’s Y Combinator, raised a $14.5 million funding round a couple of weeks ago.

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Jun
21

Roundtable Recap: June 21 – Validate and Get to Paying Customers ASAP - Sramana Mitra

During this week’s roundtable, we had four entrepreneurs pitch their projects. Anlyz We started with Swetha Uday, recipient of a NetApp scholarship to the 1Mby1M Premium program, from Bangalore,...

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Original author: Sramana Mitra

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Jun
21

Oracle Needs to Make a Bold Move - Sramana Mitra

Oracle (NYSE: ORCL) recently reported its fourth quarter results that surpassed market expectations. But the Street was not very thrilled as the analysts remained worried about the continued slowdown...

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Original author: MitraSramana

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Jun
21

1Mby1M Virtual Accelerator Investor Forum: With Hussain Kanji of Hoxton 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 Hussain Kanji of Hoxton Ventures was recorded in...

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Original author: Sramana Mitra

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Jun
21

Microsoft and Nintendo release Minecraft trailer focused on cross-play

In the world of gaming, cross-compatibility between platforms has always bene a bit of a white whale. While most players hope for it, console makers and game publishers haven’t always been so willing. Until recently.

Microsoft, Nintendo and PC game makers have started making games more cross-compatible. Most notably, the companies have made Fortnite Battle Royale, the biggest game of the year, cross-compatible on the Switch, Xbox, iOS, and PC. Yes, there is a big name missing from that list.

Sony has yet to budge, forcing PS4 players inside of a walled garden. Obviously, players have been outraged.

But today, Microsoft and Nintendo are seemingly putting salt in the wound with a new trailer for Minecraft.

Rather than focusing on the game, the trailer’s entire thesis is centered around the fact that it offers cross-play between Xbox and the Switch. In the video, you can see a Switch player and an Xbox player gaming together in the wonderful world of Minecraft.

The tag line at the end reads “Better Together.”

Long story short, cross play is happening in the gaming world. Finally. Whether or not Sony chooses to catch up is anyone’s guess.

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Jun
21

Thought Leaders in Artificial Intelligence: John Roese, Global CTO of Dell EMC (Part 3) - Sramana Mitra

John Roese: Not only do I think that there is a huge opportunity here for entrepreneurs to take a business process and apply machine learning, but there’s also a fantastic job market that once you do...

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Original author: Sramana Mitra

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Jun
21

403rd Roundtable For Entrepreneurs Starting NOW: Live Tweeting By @1Mby1M - Sramana Mitra

Today’s 403rd FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, June 21, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are welcome!

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Original author: Maureen Kelly

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Jun
21

403rd Roundtable For Entrepreneurs Starting In 30 Minutes: Live Tweeting By @1Mby1M - Sramana Mitra

Today’s 403rd FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, June 21, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are...

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Original author: Maureen Kelly

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Jun
21

Urban Airship raises another $25M

Urban Airship has raised $25 million in Series F funding.

The company started out as a platform supporting push notifications, but has since expanded to include other marketing channels like email, SMS, mobile wallets and voice assistants. The goal is to be the platform managing messaging and unifying customer data across all these channels.

Altogether, Urban Airship said it’s now delivered more than two trillion messages, doubling the number from a year ago.

Recent product additions include voice notifications on Amazon Alexa (which is still in beta testing) and automated in-app messaging. The company has signed up new enterprise customers like AMC, Magazine Luiza and Royal Automobile Club.

This funding was led by Foundry Group (which previously led the company’s Series B), with participation from True Ventures, August Capital, Intel Capital, Verizon Ventures, QuestMark Partners and Franklin Park Associates.

Brett Caine, who joined as CEO in 2014, said Urban Airship is currently breaking even, and he described this as “the first time in the eight nine years of the company where we’re raising money when we didn’t need it.”

So then why raise again? Caine said he sees “a lot of opportunity to grow and continue to expand globally and certainly look at the broad set of channels emerging in the market.”

“Instead of saying, ‘Oh gosh, we’ve gotta go out and raise money,’ and it was, ‘Let’s raise money to go faster,'” he added.

In addition to the growth of new marketing channels, Caine said growing discussion and regulation around online privacy serve as “wind shifts” in the company’s favor — because Urban Airship is focused on helping marketers use their own data to communicate directly with customers who have opted in to hearing from them.

“We’ve been opt-in, first-party from day one,” Caine said. “All of digital channels that we want to power, they only use first-party data. We don’t do anything with third-party, we don’t do any advertising.”

Urban Airship has now raised more than $100 million in total funding, according to Crunchbase.

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Jun
21

Taste test: Burger robot startup Creator opens first restaurant

Creator’s transparent burger robot doesn’t grind your brisket and chuck steak into a gourmet patty until you order it. That’s just one way this startup, formerly known as Momentum Machines, wants to serve the world’s freshest cheeseburger for just $6. On June 27th, after eight years in development, Creator unveils its first robot restaurant before opening to the public in September. We got a sneak peek…err…taste.

When I ask how a startup launching one eatery at a time could become a $10 billion company, Creator co-founder and CEO Alex Vardakostas looks me dead in the eye and says, “the market is much bigger than that.”

Here’s how Creator’s burger-cooking bot works at its 680 Folsom Street location in San Francisco. Once you order your burger style through a human concierge on a tablet, a compressed air tube pushes a baked-that-day bun into an elevator on the right. It’s sawed in half by a vibrating knife before being toasted and buttered as it’s lowered to conveyor belt. Sauces measured by the milliliter and spices by the gram are automatically squirted onto the bun. Whole pickles, tomatoes, onions and blocks of nice cheese get slices shaved off just a second before they’re dropped on top.

Meanwhile, the robot grinds hormone-free, pasture-raised brisket and chuck steak to order. But rather than mash them all up, the strands of meat hang vertically and are lightly pressed together. They form a loose but auto-griddleable patty that’s then plopped onto the bun before the whole package slides out of the machine after a total time of about five minutes. The idea is that when you bite into the burger, your teeth align with the vertical strands so instead of requiring harsh chewing it almost melts in your mouth.

If you want to be the first to try it, Creator is selling early access tickets at 10am Pacific today. Otherwise it will be open for lunch Wednesdays and Thursdays until the public launch. Eventually, an app will let people customize the exact ratios of all the ingredients, unlocking near infinite permutations.

For now, the startup’s initial pre-set burger options include the classic-style Creator vs. The World with a mole Thousand Island special sauce, the oyster aioli Tumami Burger designed by Chef Tu of Top Chef, The Smoky with charred onion jam and the sunflower seed tahini Dad Burger from Chef Nick Balla of Bar Tartine.

The taste of each is pretty remarkable. The flavor pops out of all the fresh-cut and ground ingredients that lack the preservatives of pre-sliced stuff. The patties hold together as you munch despite being exceedingly tender. And afterwards I felt less of the greasy, gut-bomb, food coma vibe that typically accompanies scarfing down a cheeseburger.

“This is the kind of burger you would get for $12 to $18 [at an upscale restaurant], and it’s $6,” says Vardakostas. It might not be the best burger I’ve had in my life, but it’s certainly the best at that price. A lot of that comes from the savings on labor and kitchen space afforded by a robot cook. “We spend more on our ingredients than any other burger restaurant.”

The CEO wouldn’t reveal how much Creator has raised, but says it’s backed by Google’s GV, frequent food startup investor Khosla Ventures and hardware-focused Root Ventures. However, SEC filings attained by TechCrunch show the startup raised at least $18.3 million in 2017, and sought $6 million more back in 2013.

It’s understandable why. “McDonald’s is a $140 billion company. It’s bigger than GM and Tesla combined. McDonald’s has 40,000 restaurants. Food is one to the top three biggest markets,” Vardakostas rattles off. “But we have a lot of advantages. The average restaurant is 50 percent bigger in terms of square footage.” Then he motions to his big robot that’s a lot smaller than the backside of most fast-food restaurants, and with a smile says, “That’s our kitchen. You roll it in and plug it in.”

From flipping patties to studying physics

Creator co-founder and CEO Alex Vardakostas

What you want in a founder is a superhero origin story. Some formative moment in their life that makes them hellbent on solving a problem. Vardakostas has a pretty convincing tale. “My parents have a burger joint,” he reveals. “My job was to make several hundred of the same burger every day. You realize there’s so much opportunity not taken because you don’t have the right tools, and it’s hard work.”

Robots and engineering weren’t even on his radar growing up in the restaurant in southern California. Then, “when I was 15 my dad took me to a book store for the first time. I started reading about physics and realizing that this could be a possibility.” He went on to study physics at UC Santa Barbara, got to work in the garage, and finally drove up to Silicon Valley to machine the first robot prototype’s parts at the famous Silicon Valley TechShop.

That’s when he met his co-founder and COO Steve Frehn. “Steve told me he was from Stanford and I was super intimidated,” Vardakostas recalls. But the two had a great working rapport, and a knack for recruiting budding mechanical engineers from the college. Momentum Machines started in 2009, was a full-time garage project by 2010, incorporated and joined Lemnos Labs in 2012 and the startup began to make serious progress by 2014.

In the meantime, other entrepreneurs have tried to find a business in food robots. There was the now-defunct Y Combinator startup Bistrobot that haphazardly spurted liquid peanut butter and Nutella on white bread and called it a sandwich. More recently, Miso Robotics’ burger-flipping arm named Flippy made headlines, even though all it does is flip and cook patties on a traditional griddle. “We have an arm that pulls out the burgers, but that’s probably 5 percent of the complexity” of the full Creator robot run by 350 sensors, 50 actuators and 20 computers, Vardakostas scoffs.

Breaking burger behavior

The CEO’s past in the kitchen keeps Creator in touch with the human element. He tells me he thinks the idea of a staff-less restaurant where you order on a computer sounds “dystopian.” In fact, he wants to give his food service employees access to new careers. Vardakostas says with a sigh that “people look at restaurant work as a charity case, but man, we just need a chance.” Referring to the old Google policy of letting employees try out side projects, he explains how “Tech companies get 10 percent time but no one does that for restaurant workers.”

“Something we got really excited about in 2012 and we’re just starting to execute on is reinventing the job of working in a store like this, where the machine it taking care of the dirty and dangerous work,” his co-founder Frehn explains. “We’re playing around with education programs for the staff. Five percent of the time they’re paid just to read. We’re already doing that. There’s a book budget. We’re paying $16 an hour. As opportunities come up to fix the machine, there’s a path we’re going to offer people as repair or maintenance people to get paid even more.”

One tradition Creator couldn’t escape was French fries. Vardakostas says they’re basically the least healthy thing you can eat, noting they’re “worse than donuts because there’s more surface area exposed to the frier.” But chefs told him some people simply wouldn’t eat a burger without them. Creator’s compromise is that burgers are paired with hearty miniature farro or seasonal veggie salads by default, but you can still opt for a side of frites.

Creator’s fate won’t just be determined by the burger robot and the people who work alongside it. The startup will have to prove to fast food diners that it can be just as quick and cheap but a lot tastier, and that they’re welcome amongst the restaurant’s bougie Pottery Barn decor. At the same time, it must convince more affluent eaters that a cafeteria-style ordering counter and low price don’t mean low quality. Oh, and the name is a bit rich for a burger spot.

For now, Creator won’t be licensing out its bot or franchising its restaurant, though those could be lucrative. “I don’t want someone putting frozen beef in there or charging way more,” says Vardakostas. Instead, the goal is to methodically expand, and maybe take advantage of its petite footprint to move into airport terminals or bus stations. “We want to get out of San Francisco,” Frehn confidently concludes. “Our business model is pretty simple. We take a really good burger that people like and sell it for half the price.”

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Jun
21

Lydia now supports Samsung Pay

While French banks are just catching up to Apple Pay, French startup Lydia is adding support for Samsung Pay. If you have a recent Samsung phone, you can now add a virtual card to Samsung Pay and pay using your phone in your favorite stores.

Lydia started as a peer-to-peer payment app. It works more or less like Venmo or Square Cash in the U.S. After signing up, you can add a debit card to your account and send and receive money for free. You can withdraw your balance to a traditional bank account whenever you want.

The company has been adding more features to turn Lydia into the only banking app you need. You can now connect Lydia to your bank accounts, view your balances, get an IBAN, initiate transfers, create Lydia sub-accounts with multiple people and get a physical MasterCard.

Some features are now part of a premium subscription for €2.99 per month ($3.47) or €3.99 per month with the physical card ($4.62). The company also expanded to the U.K., Ireland, Spain and Portugal. There are a million registered users on Lydia.

More interestingly, Lydia wants to go beyond peer-to-peer payments. You can use Lydia to pay in some grocery stores, such as Franprix stores. You can also pay online by receiving a push notification and confirming the transaction in the Lydia app — Cdiscount supports Lydia for instance.

And when you can’t pay with your Lydia account directly, the startup doesn’t want to play favorites. You can generate a virtual card and enter the card number on an e-commerce website. You can add this virtual card to Apple Pay or Samsung Pay. Let’s see if Google Pay is next.

This could be particularly interesting for users who can’t use those payment systems because their banks don’t support those features. Let’s be honest, you rarely change your bank. With Lydia, you can still use Apple Pay or Samsung Pay with your existing bank account.

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Jun
21

Thought Leaders in Corporate Innovation: Anita Sands, Board Member of ServiceNow and Symantec (Part 3) - Sramana Mitra

Sramana Mitra: What have you concluded, through your various assignments, in terms of process? What processes have worked for you? What are examples of best practices? Anita Sands: Let me share two....

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Original author: Sramana Mitra

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