Oct
01

Top 5 stories of the week

It’s often the case that women don’t think much about their reproductive health until they have to. Sometimes it begins with an aside from a well-meaning gynecologist — or one’s impatient parents. Sometimes, it’s because a couple is ready to try conceiving and it’s proving harder than they imagined it would be.

A San Francisco-based startup called Modern Fertility wants to educate women about their reproductive health much earlier in their lives, enabling them to become more “proactive” instead of reactive, says co-founder and CEO Afton Vechery, who worked formerly as a product manager at the genetic testing company 23andMe and, before that, at a healthcare-focused private equity firm in Greenwich, Conn.

At both places, she learned a lot about the growing number of companies that are empowering customers with information about their own bodies. She also learned, particularly at 23andMe, about the importance of making that information affordable. Indeed, after shelling out $1,500 for tests run by a reproductive endocrinologist to get a better picture of her own reproductive health, Vechery set out to create similar tests that one needn’t be a Rockefeller to order. Toward that end, an at-home finger-prick hormone test that Modern Fertility began selling today for $199.

The vast difference in price owes to economies of scale, says Vechery. Because there are just 500 infertility clinics in the U.S. and roughly 6,000 endocrinologists — just 2,000 of which are focused on reproductive health — the cost of individual testing has been prohibitively high. Modern Fertility, meanwhile, has “systems and tech and integrations that support a high volume of tests” conducted at the same time, she says, explaining that with volume comes discounted pricing.

Modern Fertility is not analyzing its customers’ hormones. It is using all CLIA-certified labs, including Quest Diagnostics, the 50-year-old, publicly traded clinical laboratory company. “We’re not making new instruments,” says Vechery. “Our differentiation is in access and the information that we provide to women.”

In fact, Modern Fertility is billing itself as more of an educational company than anything else. While it will tell consumers about nine hormone levels related to ovarian reserves and overall reproductive health — which can be important, especially when it comes to considerations around egg freezing — much of what it offers is related to content based on peer-reviewed studies about menopause and when women typically start to lose their fertility.

Customers also receive one optional one-on-one phone consultation with a fertility nurse who won’t give out medical advice but can share more information about which hormones are being tracked and why.

For the price, that may be enough for many women. It was enough for investors. Modern Fertility just closed on $6 million in funding led by Maveron and Union Square Ventures, which were joined by Sound Ventures, #Angels, SV Angel and additional individual investors.

No doubt these backers see a future where an offering like that from Modern Fertility is a perk offered by employers, more of which are offering fertility benefits to keep their employees happy and in place. Already, Vechery says that a “handful of companies” are interested in layering Modern Fertility’s tests into their other wellness benefits.

Modern Fertility is also counting on repeat customers, suggesting to them that re-taking its test every now and then will give a woman a better idea of how her “fertility curve” is changing over time.

Most immediately, says Vechery, Modern Fertility — co-founded by Carly Leahy, a creative strategist who moved to California from Boston in 2014 after Google recruited her, and who most recently logged two years at Uber — will be adding to its current, eight-person team.

It also will be “trying to understand the best way it can get this information” to potential customers, says Vechery. “We want to meet women where they are and educate them that this type of testing is important.”

Pictured above: Modern Fertility co-founders Afton Vechery, left, and Carly Leahy

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Nov
28

Ozymandias – A Poem on My Indifference to Legacy

Scout.fm wants to change the way people listen to podcasts. Instead of scouring through the over 500,000 shows in your current podcast app, this startup’s new curated podcast service will just ask you a few questions to find out what you like, then create a podcast station customized to you. The experience is primarily designed for use on smart speakers, like Amazon’s Alexa-powered Echo devices, but is also available as iOS and Android applications.

The company was founded just over a year ago by Cara Meverden (CEO), previously of Google, Twitter, Indiegogo, and Medium; along with Saul Carlin (president and COO), previously head of publisher development at Medium, and before that, Politico; and Daniel McCartney, (CTO) previously an engineer at GrubHub, Klout and Medium.

At Medium, Meverden explains, they saw an explosion of people creating great written content; but now those publishers had begun to create great audio content, as well.

But unlike on Medium, which helps to guide readers to topics they like, people today have to seek out new podcasts for themselves. Scout.fm wants to offer a better system, and hopefully bring more listeners to podcasts as a result.

“We want to take podcast listening mainstream,” she says. “We think the key to that is making podcasts as easy to listen to as the radio – and we think that’s even more critically important, as we enter the smart speaker era.” 

The Scout.fm service began as a series of experiments on Alexa.

The company launched over 30 Alexa skills, including a “Game of Thones”-themed podcast radio that was popular while the show was airing on HBO. The goal was to test what worked, what topics and formats drew listeners, and gain feedback through calls-to-action to participate in user surveys.

The result is Scout.fm, a curated podcast service that’s personalized to your listening preferences – and one that improves over time.

Here’s how it works on the Alexa platform. You first launch the app by saying “Alexa, open Scout fm.” The app will respond (using a human voice actor’s voice, not Alexa’s) by explaining briefly what Scout.fm does then asks you to choose one of three types of talk radio stations: “Daily news, brain food, or true stories.”

The first is a news station, similar to Alexa’s “Flash Briefing;” the second, “brain food,” focuses on other interesting and informative content, that’s not day-to-day news; and the last is a true crime podcast station.

The voice app will then ask you a few more questions as part of this setup process to find out what other subjects appeal to you by having you respond, on a scale of one to ten, how much of a history buff you are, or how much you’re interested in culture, like art, film and literature, for example.

On subsequent launches, the app will simply ask if you want to return to your “Brain Food” (or other selected) station. If you say no, you can try one of the other options.

However, once the setup process is over, the experience becomes very much like listening to talk radio.

A podcast will begin playing – Scout.fm favors those without ads at the very beginning – allowing you to listen as long as you’d like, or say “next” to move to the next one. Each new podcast episodes has a brief, spoken introduction that Scout.fm handwrites, so you know what’s coming up. Your listening can go on for hours, offering you a hands-free means of switching podcasts and discovering new favorites.

The app will also adjust to your preferences over time, removing those you tend to skip – much like how the thumbs down works on Pandora.

Scout.fm doesn’t include every podcast that’s out there. Instead, it’s a curated selection of a few hundred with high production values, narrative storytelling and tight editing.

“So if we listen to something and the two co-hosts kind of go on for half an hour at the beginning, that’s not a great podcast for this format,” Meverden says. “We want shows where they’re going to get right into it. That right away limits things, but there’s still an abundance of content.”

For example, some of the podcasts Scout.fm includes come from The Wall St. Journal, The New York Times, ESPN, and podcast networks like Gimlet, Wondery, Parcast and others.

The same curated selection of podcasts is also available in Scout.fm’s mobile apps for iOS and Android, which work with the voice assistant on the phone. (For example, you can tap your AirPods to wake Siri then say “Next” to move between podcasts.)

“If you’re jogging, our apps are an excellent companion because you don’t have to go back to your phone and try to find a new thing to listen to,” notes Meverden.

Since Scout.fm’s launch, it has accrued 1.5 million minutes listened across its network of experimental apps ahead of today’s public debut. The Alexa user base listened for twice as long as mobile users.

Currently, the service is not generating revenue, but, in the future, the team envisions call-to-action ads that could work with the Alexa app to share more information about the products, as well as ways it could utilize the newer in-app purchase mechanisms for Alexa skills.

The company is backed by $1.4M in seed funding from Bloomberg Beta, Precursor Ventures, Advancit and #Angels.

“The Scout team’s unique insight is that podcasts, no matter how good, won’t go mainstream until it is much simpler for consumers to find and listen to the content that’s right for them,” said Charles Hudson, managing partner at Precursor Ventures, in a statement about the investment. “The fast adoption of smart speakers changes this. We can open up podcasts to an entirely new audience,” he said.

Scout.fm is available on Alexa, iOS and Android.

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May
31

1Mby1M Virtual Accelerator Investor Forum: With Cem Sertoglu of Earlybird Venture Capital (Part 3) - Sramana Mitra

Sramana Mitra: I know you read some of my writings. I’m a huge proponent of bootstrapped entrepreneurship. Having worked in this ecosystem for all these years, I’ve observed the development of...

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Original author: Sramana Mitra

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May
11

Thought Leaders in Cyber Security: Rao Papolu, CEO of Cavirin (Part 2) - Sramana Mitra

Neighborhood Goods, a startup rethinking the traditional department store experience, is announcing that it has raised $5.75 million in seed funding.

CEO Matt Alexander (who co-founded the company with Mark Masinter) told me via email that while the largely static layout and offerings of a department store provide a degree of “consistency and reliability,” they’re also “dull and unchanging,” as well as “fairly transactional with little more to provide.”

So instead, Neighborhood Goods will allow around 15 brands to create their own “activations,” each highlighting the aesthetic and products that the brands choose. (Bulletin is another startup looking to bring a pop-up approach to traditional retail.) The store will also have a restaurant and bar, and communal spaces that could be used for things like speaking events or art installations.

“At Neighborhood Goods, we’re creating something more social and communal around an ever-changing landscape of products,” Alexander said, later adding, “Neighborhood Goods ostensibly takes the polish and approachability of the typical department store, but combines it with the dynamism and community of a pop-up store or pop-up marketplace.”

He also said technology will play a big role in the experience — particularly with an iOS app that will allow customers to learn more about the brands, text the staff, have products brought to them and make purchases.

The funding was led by Forerunner Ventures, with participation from Maveron, CAA Ventures, Global Founders Capital, NextGen Venture Partners, Revolution’s Rise of the Rest Seed Fund, Dollar Shave Club founder Michael Dubin and Retail Connection co-founder Alan P. Shor (who’s also joining the board of directors).

“Community and emotional connection are a big part of what drives consumer spending — something Matt and Mark understand wholeheartedly,” said Forerunner’s Kirsten Green in the funding announcement. “The delicate balance of both experience and discovery is reshaping the retail industry as shoppers crave brands that are unique and worth getting excited over.”

Neighborhood Goods plans to open its first location — a 13,000-square-foot store in Plano, Texas — this fall. Asked why he chose Plano, Alexander said:

Specifically, we’re able to tap into an aggressive consumer market, whilst bringing brands closer to exceptional customers. And we’re able to do so without the brands having to invest exorbitant amounts, hiring extensive retail teams, or developing marketing initiatives from the ground-up in new markets … That’s not to say we won’t look at markets like LA, NY, and SF in future, but, as a launchpad for a new concept, Plano is uniquely good for us today.

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May
31

In The End She Was Vulnerable To Facts

I read Bad Blood: Secrets and Lies in a Silicon Valley Startup last week on my Q2 vacation. In my post talking about the various books I read, I wrote the following about it.

“Every entrepreneur and VC should read this book. John Carreyrou has done something important here. Maybe this book will finally put a nail in the phrase “fake it till you make it”, but I doubt it. The amount of lying, disingenuousness, blatant and unjustified self-promotion, and downright deceit that exists in entrepreneurship right now is at a local maximum. This always happens when entrepreneurship gets trendy. Carreyrou just wrote a long warning for entrepreneurs and VCs.”

This morning, Amy emailed me a link to an article by Matthew Herper titled Elizabeth Holmes’ Superpower. He strongly recommends Carreyrou’s book and talks about his coverage of Theranos and how he was snowed over the years, partly through his interactions directly with Holmes. In contrast, Holmes never talked to Carreyrou, leaving Herper to reflect:

“Holmes never did talk to Carreyrou, leaving her greatest weapon, her weird charisma, holstered. Now his portrayal of her, put together from other people’s recollections, will define her in the public memory, especially if the planned movie starring Jennifer Lawrence gets made. For those of us she did talk to, at least to me, the book presents a humbling puzzle. Why was what seems so visible now invisible when Holmes was in the room?”

While this is all complicated stuff, Herper’s self-reflection is helpful. At a meta-level, it’s just another example of the challenge of promotion vs. substance. Or, aspiration goals vs. what’s actually going on. Or fantasy vs. reality. Or what you hope to create being articulated as what you have created.

Entrepreneurship is incredibly difficult. Among other challenges a founder has is balancing the vision of what is being created compared to what exists today. At the very beginning of the journey, this is easy because it’s obvious that it is all aspirational. But, as things progress, the substance of what has been created so far starts to matter, especially as the founder needs to raise more money to continue to fund the aspiration goals.

The best founders that I’ve worked with combine a mix of their aspirational goals with a real grounding in the current reality of where the business is. They know that their aspirational goals are goals – not current reality. And they know that there isn’t a straight line to the goals. If they use their reality distortion field as a charismatic founder, it’s to motivate their team to build something, not deceive investors or customers into believing it has been built.

Because, after all, in the end, we are all vulnerable to facts.

Also published on Medium.

Previous Post
Original author: Brad Feld

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May
31

Ethereum wallet imToken raises $10M Series A from IDG to expand in the US, Asia and Africa

imToken, which claims to be the world’s largest Ethereum wallet, will focus on expanding in Asia and the United States after raising a $10 million Series A from IDG Capital, it announced today. The capital will also be used to add new features, including support for Bitcoin, EOS and other blockchains.

imToken is the latest addition to IDG Capital’s cryptocurrency investments, which include Coinbase and Circle. In a press statement, IDG Capital partner Young Guo said “imToken has developed its product into one of the top crypto asset wallets in the world with such a sound reputation. We believe it will become a significant infrastructure for the tokenization manifesto, benefitting both the crypto economy and blockchain technology. We’re excited to back imToken.”

Founded in 2016 by chief executive officer Ben He and based in Hangzhou, imToken’s core market is currently China. The company supports 30,000 tokens, claims more than 4 million monthly active users and says it handled $35 million in pass-through transactions last year.

He tells TechCrunch the company will use its new capital to study local regulations and launch imToken 2.0 international in new markets. It will focus first on Southeast Asia before looking toward other Asian countries, like Korea, Japan and India, where “regulations are maturing quickly and as a result we’re doing our due diligence amid increasing scrutiny from local governments,” He says.

Then imToken will concentrate on countries in Africa, including Nigeria, where they already have a user base. Its expansion into the U.S. will happen at the same time as the rest of its international roll out.

In addition to the imToken wallet, the company’s services also include Tokenlon, an in-app decentralized exchange in partnership with Kyber Network and 0x, and DApp store, a marketplace for decentralized mobile apps.

In its new markets, especially the U.S., imToken will face several established competitors, including digital services MyEtherWallet, Coinbase and Ledger Nano, as well as a host of hardware wallets. He is sanguine about the competition, saying the goal of all blockchain companies is to move the technology forward and that imToken has built positive relationships with its rivals.

He adds that imToken’s advantage, however, is “taking a step further than our competitors, as we’re focused on building an ecosystem within imToken for all our users.” The company wants to “move toward a blockchain-agnostic stage,” which means users will be able to store different assets in one of imToken wallets. Then it wants to lower the barrier for entry into blockchain tech by making it easier to manage assets across different platforms, including peer-to-peer transactions and merchant payments, with imToken 2.0 International.

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May
31

TripAdvisor Looking to Turn its Business Around - Sramana Mitra

According to a Research and Markets report published last year, the global online travel market is estimated to grow 11% annually over the period 2017 through 2023 to become a $1.14 billion industry...

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Original author: MitraSramana

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Nov
28

Thought Leaders in Cloud Computing: Evident.io CEO Tim Prendergast (Part 2) - Sramana Mitra

While coding bootcamps may be in the middle of a shakeout, technology companies around the world are still going to be struggling to fill slots with people equipped with the skills to tackle real-world problems right from the get-go — and Dan Sommer hopes the answer is through universities.

That’s the premise behind Trilogy Education, which today said it is raising another $50 million round after raising $30 million last year. This round is co-led by Highland Capital Partners, Macquarie Capital and Exceed Capital. The company works with around 35 universities to identify skills gaps that they can fill with programs — such as through continuing education — that can get students ready to work at a variety of technology companies right away. Throughout all this, the startup works to collect data and feedback on each course and tune it as workforce needs change over time.

“The mission of these institutions through these programs is to open access to new types of learning,” Sommer, Trilogy Education’s CEO, said. “The average age of the student that takes one of these programs is approximately 32. We have students in classes that are 19 and some that are 76. If you zoom out and you think about the transformation that’s happening overall in the workforce, and you think about the number of open positions in the areas, that’s where we focused. I believe universities are the place where individuals should go to learn new skills.”

All this is increasingly relevant as tasks that machine learning-driven tools can tackle — such as autonomous driving — may end up displacing millions of jobs and requiring those individuals to learn a new set of skills in order to find some new employment. Companies are internally recognizing that in some ways, such as through tools like Degreed, which look to help employers identify those same skills gaps and find ways to train their own employees to fulfill those more complex knowledge worker roles. Degreed raised $42 million earlier this year, and there are still other programs like MissionU (which raised $8.5 million late last year) looking to rethink education as the tech economy booms.

Still, there has indeed been a shakeout in the coding bootcamp world. Whether a product of just not keeping up with workforce demands or struggling business models, there have been several that have shut down. Galvanize in August last year said it would lay off around 11% of its staff, while Dev Bootcamp and Iron Yard shut down altogether. And for some employers, all it takes is a few bad interviews from one of those bootcamps to lay down a layer of pessimism across the board, depending on who you talk to out here in the Valley.

That may be why Trilogy Education is partnering directly with universities. By doing that and running the programs through those universities, it can piggyback on the substantial brand equity they’ve built up over time. Trilogy Education says it gathers feedback from each class — either through surveys or other data points — and uses that to provide its university partners with robust reports on ways to tune the model and what specific roles to go after for potential programs. Trilogy Education works with programs in UI/UX, data analytics and visualization, cybersecurity and web development. The curriculum itself is developed centrally in Github. The goal here is to ensure that the programs are future-proofed and to “teach students how to learn,” Sommer said.

That software extends to the programs’ connections with students as well. Trilogy Education helps track student performance, helping universities identify which students might be falling behind and need additional tutoring. For students that are outperforming, it helps connect them with the resources to progress even faster and potentially begin teaching some elements themselves as a way to acquire additional soft skills in addition to the core program.

“The sincerest sign of learning is when a student that has learned Angular in class all of a sudden builds a portfolio project in React,” he said. “We’re focused on teaching people how to learn more so than teaching people how to learn any particular technology or skill. We’ve made over 7,000 changes to the curriculum over the last 3 years. It’s truly a piece of software, it changes over time. We bring in a market-driven curriculum fully vetted through the institution.”

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May
31

Virtru secures $37 million Series B led by Iconiq

Virtru, the security startup that came out of research at the NSA, announced a $37 million Series B financing round today led by Iconiq Capital.

The company also announced the formation of Virtru Labs, an entity to be led by company co-founder and CTO Will Ackerly. The Lab will act as an innovation engine for the company, while trying to make Virtru’s underlying technology, Trusted Data Format (TDF), an industry standard for exchanging data securely in a similar manner that PDF developed into a standard way of exchanging documents.

CEO and co-founder John Ackerly (and brother of Will) says this has been a goal since the earliest days of the company and starting the lab is one of the reasons they wanted to raise this round. “My brother and I firmly believe you need an open framework in order to achieve the vision of true default security,” he told TechCrunch.

They believe by investing time and dollars to get third parties to adopt the TDF and adopting all tiers of this data format, it could remove the friction we have today when data is being shared across systems, while eliminating vendor lock-in.

The company currently offers tools for end-to-end email encryption in G-Suite and Office 365, but they hope to expand to file sync and share applications and chat. They also want to promote technical partnerships through the SDK they launched earlier this year. Finally, they want to expand globally by growing a channel partner system.

Ackerly says all of that takes money and that’s why they went looking for this round. It didn’t hurt that the company has experienced explosive growth over the last year adding 3000 new customers for a total of over 8000 using their products, while tripling revenue (they did not provide an exact figure).

Ackerly says one of the reasons for this growth is an increasing desire on the part of users to have a trust mechanism for sharing information online. “If you look at our partnership with Google, with Microsoft, with Amazon; these are all platform companies that are coming to grips with this privacy imperative. We are in a crisis of trust as a society and Virtru has always taken the approach of partnering closely because these workflows matter to end users,” he said. He adds that this really wouldn’t work if the company tried to create a new set of tools.

Vitru has around 80 employees today and Ackerly expects that to grow by around 50 percent over the coming year as they move into new markets, grow the lab and expand channel and partner support.

The round was led by Iconiq Capital with participation from returning investors Bessemer Venture Partners, New Enterprise Associates, Samsung, Blue Delta Capital, and Soros Capital. Today’s round brings the total raised to over $76 million since the company was founded in 2011.

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May
31

1Mby1M Virtual Accelerator Investor Forum: With Ashmeet Sidana of Engineering Capital (Part 6) - Sramana Mitra

Sramana Mitra: As a VC, how do you figure these things out? These are not easy to figure out. Ashmeet Sidana: It comes from good judgement. Good judgement comes from bad experiences. You have to try...

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Original author: Sramana Mitra

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May
31

Researchers create the first 3D-printed corneas

Researchers at Newcastle University have been able to 3D-print a biocompatible corneal framework using a new gel formulations that “keeps the stem cells alive whilst producing a material which is stiff enough to hold its shape but soft enough to be squeezed out the nozzle of a 3D printer.”

There is a significant shortage of corneas available to transplant, with 10 million people worldwide requiring surgery to prevent corneal blindness as a result of diseases such as trachoma, an infectious eye disorder,” wrote the researchers. “In addition, almost 5 million people suffer total blindness due to corneal scarring caused by burns, lacerations, abrasion or disease.”

The product uses “human corneal stromal cells” from a donor cornea mixed with alginate and collagen to create bio-ink that can turn into a living cornea. This means that one donor cornea can help multiple patients.

““This builds upon our previous work in which we kept cells alive for weeks at room temperature within a similar hydrogel. Now we have a ready to use bio-ink containing stem cells allowing users to start printing tissues without having to worry about growing the cells separately,” said researcher Che Connon. He built the technology with Dr. Steve Swioklo.

The corneas take ten minutes to print on a cheap 3D printer, a vast improvement on previous efforts. Further, the gel can keep stem cells alive for days, allowing you to print a few corneas over the course of a week.

“This builds upon our previous work in which we kept cells alive for weeks at room temperature within a similar hydrogel. Now we have a ready to use bio-ink containing stem cells allowing users to start printing tissues without having to worry about growing the cells separately,” said Connon.

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May
31

Pinterest gives advertisers a way to show promoted videos that take up the screen

Pinterest is continuing its push into video as a potential avenue for advertisers by today saying that it will offer advertisers a promoted video tool that takes up the width of the entire screen.

While Pinterest normally offers users a grid that they can flip through — compressing a lot of content into a small space — taking up the full width of the screen with a promoted video would offer advertisers considerable real estate if they’re looking to get the attention of users. Pinterest pitches itself to advertisers as a strong alternative to Facebook or Google, giving marketers a way to reach an audience that behaves a little more differently than when on those other platforms and coming to Pinterest to discover new things.

The company also said it’s hired Tina Pukonen as an entertainment strategist and Mike Chuthakieo as an industry sales lead. Pinterest says more than 42 million people in the U.S. come to Pinterest for entertainment ideas, and that potential tool offers an interesting niche opportunity for advertisers to capture the attention of a user for a product — say, a movie — that needs a lot of awareness marketing. Getting a user’s attention for just a few seconds can be more than enough time to at least plant the seed of potentially buying a product down the line.

It’s that argument that what gives Pinterest potential value for advertisers. The company offers an array of advertising products designed to target users at all phases of a potential buying cycle, whether that’s just clicking around on the platform looking for ideas down to actually saving an idea or buying it — through Pinterest or through a referral. Most of Pinterest’s content consists of images and other content from brands or businesses. That makes sense given that it’s a place where people tend to go to plan life events, whether that’s parties, or weddings, or home improvement — and those events center around products that they may in theory one day buy. All the while Pinterest is accumulating a lot of different plays at advertising products and an experienced level of senior hires, including hiring its first COO Françoise Brougher, who was the former VP of SMB global sales and operations at Google and business lead at Square.

Pinterest, interestingly, seems to have been a little more tolerant of making what might seem like small design changes but may have substantial user implications. The company added a tab for followers at the bottom of the app, shaking up what is often seen as a core navigation bar for any app. But the company continues to grow, crossing 200 million monthly active users in September last year.

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Apr
06

1Mby1M Virtual Accelerator Investor Forum: With Gus Tai of Trinity Ventures (Part 1) - Sramana Mitra

The Europas Unconference & Awards is back on 3 July in London and we’re excited to announce more speakers and panel sessions as the event takes shape. Crypto and Blockchain will be a major theme this year, and we’re bringing together many of the key players. TechCrunch is once again the key media partner, and if you attend The Europas you’ll be first in the queue to get offers for TC events and Disrupt in Europe later in the year.

You can also potentially get your ticket for free just by sharing your own ticket link with friends and followers. See below for the details and instructions.

To recap, we’re jumping straight into our popular breakout sessions where you’ll get up close and personal with some of Europe’s leading investors, founders and thought leaders.

The Unconference is focused into zones including AI, Fintech, Mobility, Startups, Society, and Enterprise and Crypto / Blockchain.

Our Crypto HQ will feature two tracks of panels, one focused on investing and the other on how blockchain is disrupting everything from financial services, to gaming, to social impact to art.

We’ve lined up some of the leading blockchain VCs to talk about what trends and projects excite them most, including Outlier Ventures’ Jamie Burke, KR1’s George McDonaugh, blockchain angel Nancy Fenchay, Fabric Ventures’ Richard Muirhead and Michael Jackson of Mangrove Capital Partners.

Thinking of an ICO vs crowdfunding? Join Michael Jackson on how ICOs are disrupting venture capital and Ali Ganjavian, co-founder of Studio Banana, the creators of longtime Kickstarter darling OstrichPillow to understand the ins and outs of both.

We’ve also lined up a panel to discuss the process of an ICO – what do you need to consider, the highs, the lows, the timing and the importance of community. Linda Wang, founder and CEO of Lending Block, which recently raised $10 million in an April ICO, joins us.

We are thrilled to announce that Civil, the decentralised marketplace for sustainable journalism, will be joining to talk about the rise of fake news and Verisart’s Robert Norton will share his views on stamping out fraud in the art world with blockchain. Min Teo of ConsenSys will discuss blockchain and social impact and Jeremy Millar, head of Consensys UK, will speak on Smart Contracts.

Our Pathfounders Startup Zone is focused purely on startups. Our popular Meet the Press panel is back where some of tech’s finest reporters will tell you what makes a great tech story, and how to pitch (and NOT pitch them). For a start, TechCrunch’s Steve O’Hear and Quartz’s Joon Ian Wong are joining.

You’ll also hear from angels and investors including Seedcamp’s Carlos Eduardo Espinal; Eileen Burbidge of Passion Capital; Accel Partners’ Andrei Brasoveanu; Jeremy Yap; Candice Lo of Blossom Capital; Scott Sage of Crane Venture Partners; Tugce Ergul of Angel Labs; Stéphanie Hospital of OneRagtime; Connect Ventures’ Sitar Teli and Jason Ball of Qualcomm Ventures.

Sound great? You can grab your ticket here.

All you need to do is share your personal ticket link. Your friends get 15% off, and you get 15% off again when they buy.

The more your friends buy, the more your ticket cost goes down, all the way to free!

The Public Voting in the awards ends 11 June 2018 11:59: https://theeuropas.polldaddy.com/s/theeuropas2018

We’re still looking for sponsor partners to support these editorially curated panels.

Please get in touch with This email address is being protected from spambots. You need JavaScript enabled to view it. for more details.

SPEAKERS SO FAR:

Jamie Burke, Outlier Ventures


Jeremy Millar, ConsenSys


Linda Wang, Lending Block


Robert Norton, Verisart


George McDonaugh, KR1


Eileen Burbidge, Passion Capital


Carlos Eduardo Espinal, Seedcamp


Sitar Teli, Connect Ventures


Michael Jackson, Mangrove Capital Partners


Min Teo, ConsenSys


Steve O’Hear, TechCrunch


Joon Ian Wong, Quartz


Richard Muirhead, Fabric Ventures


Nancy Fechnay, Blockchain Technologist + Angel


Candice Lo, Blossom Capital


Scott Sage, Crane Venture Partners


Andrei Brasoveanu, Accel


Tina Baker, Jag Shaw Baker


Jeremy Yap


Candice Lo, Blossom Capital


Tugce Ergul, Angel Labs


Stéphanie Hospital, OneRagtime


Jason Ball, Qualcomm Ventures

The Europas Awards
The Europas Awards are based on voting by expert judges and the industry itself. But key to the daytime is all the speakers and invited guests. There’s no “off-limits speaker room” at The Europas, so attendees can mingle easily with VIPs and speakers.

Vote for your Favourite Startups

Public Voting is still humming along. Please remember to vote for your favourite startups!

Awards by category:

Hottest Media/Entertainment Startup

Hottest E-commerce/Retail Startup

Hottest Education Startup

Hottest Startup Accelerator

Hottest Marketing/AdTech Startup

Hottest Games Startup

Hottest Mobile Startup

Hottest FinTech Startup

Hottest Enterprise, SaaS or B2B Startup

Hottest Hardware Startup

Hottest Platform Economy / Marketplace

Hottest Health Startup

Hottest Cyber Security Startup

Hottest Travel Startup

Hottest Internet of Things Startup

Hottest Technology Innovation

Hottest FashionTech Startup

Hottest Tech For Good

Hottest A.I. Startup

Fastest Rising Startup Of The Year

Hottest GreenTech Startup of The Year

Hottest Startup Founders

Hottest CEO of the Year

Best Angel/Seed Investor of the Year

Hottest VC Investor of the Year

Hottest Blockchain/Crypto Startup Founder(s)

Hottest Blockchain Protocol Project

Hottest Blockchain DApp

Hottest Corporate Blockchain Project

Hottest Blockchain Investor

Hottest Blockchain ICO (Europe)

Hottest Financial Crypto Project

Hottest Blockchain for Good Project

Hottest Blockchain Identity Project

Hall Of Fame Award – Awarded to a long-term player in Europe

The Europas Grand Prix Award (to be decided from winners)

The Awards celebrates the most forward thinking and innovative tech & blockchain startups across over some 30+ categories.

Startups can apply for an award or be nominated by anyone, including our judges. It is free to enter or be nominated.

Instead of thousands and thousands of people, think of a great summer event with 1,000 of the most interesting and useful people in the industry, including key investors and leading entrepreneurs.

• No secret VIP rooms, which means you get to interact with the Speakers

• Key Founders and investors speaking; featured attendees invited to just network

• Expert speeches, discussions, and Q&A directly from the main stage

• Intimate “breakout” sessions with key players on vertical topics

• The opportunity to meet almost everyone in those small groups, super-charging your networking

• Journalists from major tech titles, newspapers and business broadcasters

• A parallel Founders-only track geared towards fund-raising and hyper-networking

• A stunning awards dinner and party which honors both the hottest startups and the leading lights in the European startup scene

• All on one day to maximise your time in London. And it’s sunny (probably)!

That’s just the beginning. There’s more to come…

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May
31

A small military contract started an internal war at Google that's tearing the company apart

Fei-Fei Li, the chief scientist for AI at Google Cloud. AP

A senior Google scientist warned in an email that winning a military AI contract would spark a controversy which would be totally out of the company's control.

The email was disclosed in a detailed New York Times report, which charts the backlash against Google, both internally and externally, after the firm won a slice of the US Department of Defense's "Project Maven."

The Pentagon program will use artificial intelligence to interpret video images. The Department of Defense said machine learning is critical to "maintain advantages over increasingly capable adversaries and competitors," but critics say Google's involvement could help improve the accuracy of drone missile strikes.

Fei-Fei Li, the chief scientist for AI at Google Cloud, issued her warning in an email exchange last September about how to publicise Google's role in Project Maven.

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In the message to Google's Head of Defense and Intelligence Sales Scott Frohman, she reportedly said: "Avoid at ALL COSTS any mention or implication of AI. Weaponized AI is probably one of the most sensitized topics of AI — if not THE most. This is red meat to the media to find all ways to damage Google."

In a statement to the New York Times, Li doubled down on her email: "I believe in human-centered AI to benefit people in positive and benevolent ways. It is deeply against my principles to work on any project that I think is to weaponize AI."

Furious staff flood message boards, create anti-Maven stickers, and resign in protest

Her remarks turned out to be prophetic, with Google's involvement in Project Maven stoking strong feelings, as many pointed to the company's "don't be evil" motto.

Around 4,000 Google staff signed a letter to CEO Sundar Pichai urging the company to end the controversial contrac t with the Department of Defense, while around a dozen employees resigned in protest, according to Gizmodo. More than 200 academics and researchers also demanded Google pull out of the deal.

Google CEO Sundar Pichai. Greg Sandoval/Business Insider

The New York Times reported that Project Maven has "fractured" the workforce, leading to several internal meetings where staff around the world have listened to explanations from senior management. Internal message boards have also been flooded with comments about the deal.

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One outgoing engineer petitioned to rename a conference room after Clara Immerwahr, a German chemist who killed herself in 1915 after protesting the use of science in warfare. "Do the Right Thing" stickers have also appeared in Google's New York office, according to the New York Times.

"Even within this free-expression workplace, longtime employees said, the Maven project has roiled Google beyond anything in recent memory," The New York Times said.

Google to come up with military AI "principles"

Google declined to comment when contacted by Business Insider.

The New York Times said Pichai addressed the matter at an all-staff meeting last Thursday, telling employees that the firm intends to come up with a list of principles about its use of artificial intelligence for military means. These will stop the use of AI in weaponry, Google said.

Separately, Diane Greene, the chief executive of Google Cloud, has reassured staff that its Project Maven involvement is "not for lethal purposes" and the deal is only worth $9 million.

Original author: Jake Kanter

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May
11

Elon Musk posted video of his Boring Company tunnels under LA, and said people can use them 'in a few months' for free

There are dozens of production companies in Los Angeles promising some sort of unique knack for making shows that connect with those younger consumers who live on digital platforms.

But one startup claims it knows exactly what people want to watch, and how get it in front of them - thanks to artificial intelligence.

The venture-backed Fresno Unlimited has built a platform that pulls data from social media and other digital outlets to help content creators figure out what genres and topics are ripe for potential series. So far, it's raised $8 million, with investors including famed ex-Facebook engineer Chamath Palihapitiya, via his firm Social Capital.

Fresno also uses that same AI platform - which it calls PCH - to help isolate individual consumers on social media platforms and push that AI-informed content straight to them.

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It's the kind of pro-machine, Silicon Valley thinking that would seem to be at odds with Hollywood, known for its dedication to artists, as well as the many gatekeepers who use connections, research, experience and their guts to decide which shows and movies get made.

To help bridge that gap, Fresno is tapping someone with experience speaking both languagues. The firm has just tapped Jean-Paul (JP) Colaco as its new president, revenue and media. Colaco spent six years building Hulu, before leaving the web video outlet for stints at the now-defunct short form video startup Vessel and, most recently, the virtual reality entertainment venture Jaunt VR.

Despite its less proven premise, Fresno Unlimited says it is attracting serious Hollywood interest. Last year, the company produced a Facebook series featuring Jimmy Kimmel, and it expects to announce three more original series featuring name talent sometime this summer.

"We think we've found a better way," said Fresno founder and CEO Rob Goldberg. "We can use machine learning, data and insights to minimize the failure rate and even predict what people want."

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Goldberg said he can't yet fully explain exactly how Fresno's AI works, or where it pulls all of its data from without spilling secrets. Some of it comes from publicly available source and some is proprietary, he said.

Okay, but how does AI help make a better show exactly? Goldberg mentioned a series that is in the works with a popular actress who was originally interested in producing a web show about art collecting.

Fresno Unlimited's tech found that only few people were predisposed to watch something that niche. But a much larger potential audience, while intimidated by the art gallery world, associated art with cool Instagram images and the like. So the company is now working with the actress to produce a show with a broader appeal.

For his part, Colaco said he was drawn to Fresno by the idea that data and science can actually make content more predictable, and distribution more precise.

"You're potentially increasing the likelihood that you can create a hit. you're making it easier for people to consume," he said. "It's harder and harder marketer and creators to find audiences. If we do this right, brands should be able align with super premium content and the engagement for their ads should be higher."

Original author: Mike Shields

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May
31

'We rolled this out wrong': Spotify CEO regrets the way R Kelly and XXXTentacion were banned (SPOT)

Spotify CEO Daniel Ek. Getty

Spotify's chief executive Daniel Ek has said he regretted the way his company banned musicians R Kelly and XXXTentacion without really explaining why.

The company removed R Kelly from its playlists earlier this month in the wake of allegations that he had run sex cults involving young women. It also banned and then reinstated XXXTentacion, who is awaiting trial for charges of domestic abuse and witness harassment, to which he has pleaded not guilty.

To be clear, neither artist was banned entirely from Spotify, but both were removed from its playlists.

Speaking at the Code Conference on Wednesday, Ek didn't give an update on whether R Kelly would be reinstated, but did say he regretted the way the whole incident was handled.

Rapper XXXTentacion.XXXTENTACION/Facebook

The ban came from two new internal policies, he said.

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"One was about hate speech, and I think that's less controversial," Ek said. "Then there's the other one about conduct and, just being very honest, we were very vague."

Here's what Spotify has to say officially about hateful conduct:

"We don't censor content because of an artist's or creator's behavior, but we want our editorial decisions — what we choose to program — to reflect our values. When an artist or creator does something that is especially harmful or hateful (for example, violence against children and sexual violence), it may affect the ways we work with or support that artist or creator."

Ek said the company could have handled the communication around this policy better: "The whole thing was to make sure we didn't have hate speech, it was never about punishing one individual artist or even naming one individual artist. So I think coming back to my responsibility as a leader, I think we rolled this out wrong and we could have done a better job."

He said it was difficult for Spotify to act as the "moral police," adding that editorialising music took the company into tricky legal turf, like whether a musician had been charged with an offence. "We're a platform, we want art, we want a lot of diverse opinions," he said.

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There are some things which are obvious hate speech though.

"There are certain things where I think the rules should be pretty clear," Ek said. "If you are talking about being KKK [Ku Klux Klan] and doing that stuff, it's obvious we don't want that on the service."

Original author: Shona Ghosh

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May
31

Uber CEO Dara Khosrowshahi says securing investment from Warren Buffett would fulfil a 'fanboy' career goal

Dara Khosrowshahi and Warren Buffett. Getty

Uber CEO Dara Khosrowshahi said he would fulfil a career-long ambition in securing investment from Warren Buffett — but the deal is not top of his priority list right now.

Bloomberg reported on Wednesday that Buffett's Berkshire Hathaway came close to taking a $3 billion (£2.2 billion) stake in Uber, but deal the fell apart because of disagreements over the size and terms of the potential investment.

Soon after the news broke, Khosrowshahi and Buffett confirmed that the talks did take place. The Uber CEO told CNBC that "we did have discussions" and, although not all the details of the Bloomberg report were accurate, the deal was a very tempting prospect.

"One of my business goals in life has been to get Warren Buffett to invest in something that I'm involved in and, so far, I failed," Khosrowshahi said. "His brand, his smarts are unparalleled. I'm a Warren Buffett fanboy."

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The feeling was mutual with Buffett saying on Wednesday that he is a "great admirer" of Khosrowshahi. The Uber boss said it's "always possible" that talks could resume, but there "has to be a match."

"We are a company that has an enormous growth trajectory, but at the same time, that comes with considerable risk. I don't think we necessarily fit in with the typical Warren Buffett investment. Maybe we can be a different kind of an investment, a portfolio diversification play for him," Khosrowshahi explained.

The former Expedia CEO said, however, that doing business with Buffett is not his "first priority" right now. "First priority is to continue building a management team, continue to invest in the brand and get us in a position where we can build a big business and, along the way, go public," he added.

Khosrowshahi confirmed that Uber remains on course to IPO in 2019. "Lots of things can happen in the world but we have a reasonable buffer as well, so I think we're in a pretty good spot," he said.

Original author: Jake Kanter

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May
11

Snapchat has started rolling back its redesign, as research shows how wildly unpopular it was with millennials (SNAP)

Seeking to tap into Africa’s informal savings groups the Nigerian investment startup Piggybank.ng closed $1.1M in seed funding and announced a new product — Smart Target, which offers a more secure and higher return option for Esusu or Ajo group savings clubs common across West Africa.

The financing was led with a $1 million commitment from LeadPath Nigeria, with Village Capital and Ventures Platform contributing $50,000 each.

Founded in 2016, Piggybank.ng offers online savings plans — primarily to low- and middle-income Nigerians — for deposits of small amounts on a daily, weekly, monthly, or annual basis. There are no upfront fees.

Savers earn interest rates of between 6 to 10 percent, depending on the type and duration of investment, Piggybank.ng’s Somto Ifezue told TechCrunch in Lagos with co-founders Odunayo Eweniyi and Joshua Chibueze.

Users need an account with one of PiggyBank.ng’s bank partners to use the products. The startup generates returns for small-scale savers (primarily) through investment in Nigerian government securities, such as bonds and treasury bills.

PiggyBank.ng generates revenue through asset management and from the float its balances generate at partner banks.

The startup looks to grow clients across younger Nigerians and the country’s informal saving groups.

“The market that we are trying to serve is largely the millennial market, though we do not exclude anyone,” said Eweniyi, the company’s chief operating officer. The venture also looks to meet a demand in Nigeria for accessible investment options, citing a survey they conducted indicating that as a top priority for people with discretionary income.

“Piggybank offers savings, but our vision is not just savings, but to become a holistic platform — a financial warehouse — where other financial providers can plug in their services for PiggyBank users,” said Eweniyi. She cited banks, investment houses, insurance, and pension funds as possible partners.

The company currently has 53,000 registered users — 60 percent of whom are Nigerian Millennials — who have saved in excess of $5M since 2016, according to a release.

PiggyBank.ng will use its $1.1M in new seed funding for “license acquisition and product development.”

The startup has taken preliminary steps to launch in other African countries (Kenya in particular) but could not offer exact details.

Groups will be able to choose savings options and goals through PiggyBank.ng’s app and receive automated disbursement of returns across their individual bank accounts, according to COO Eweniyi.

As for how the company assures savers it won’t become another Ponzi scheme, Piggybank.ng and its lead investor point to the startup’s pending banking license with Nigeria’s Central Bank. The company is in the process of acquiring a micro-finance banking license, something LeadPath Nigeria founder Olumide Soyombo confirmed on a call with TechCrunch. He also pointed to Piggybank’s client balances being held with registered banks, which are protected under Nigeria’s own FDIC type banking insurance.

Soyombo will take a role on Piggybank.ng’s board and he’d like to see them open up new options for individuals to input money on the platform. “The agent network business is a huge play we plan to go into. They’ve basically become like human ATMs,” Soyombo said. He referenced Nigerian digital payment company Paga and Safaricom’s M-Pesa with large agent network stations where clients can fund digital accounts with cash.

While digital payments products have caught on in certain parts of Africa, E-Trade type citizen investment platforms have yet to emerge at any scale.

Soyombo doesn’t see Piggybank.ng moving from fixed income investments to equities just yet. “Maybe down the line stocks could be an interesting play, but not right now. People are currently looking for a more risk free place to e-tail,” he said.

Soyombo believes Piggybank.ng has the potential to become an acquisition target.

“They usually only happen in our market with two main players: banks and telcos,” he said. “The banks have been slow to try new things in this savings space. Piggybank is coming in…and filling a particular need, so they are in a very acquisitive space.”

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May
31

10 things in tech you need to know today

Nintendo

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

1. L egendary internet stock analyst turned investor Mary Meeker of Kleiner Perkins Caufield & Byers released her annual Internet Trends Report. This year's report delves into data and personalisation, e-commerce innovation, and China's rising intensity and leadership in internet-related markets.

2.Google's new Pixel smartphone is reportedly taking a page from the iPhone X, according to Bloomberg. The Pixel 3 could feature a bigger screen, two front-facing cameras, and its very own notch.

3. Legendary investor Warren Buffett reportedly tried to invest $3 billion in Uber. The deal fell apart due to disagreements over the size and terms of the stake.

4. Snap chief executive Evan Spiegel said he regretted that his company invited scantily clad women dressed as the Snapchat deer to attend a party last year, and blamed an internal events staffer. He said mistakes like this were "frustrating" but that a young workforce should be expected to make mistakes.

5. Nintendo has 4 new Pokémon games coming to the Switch, including one that's free. The first, "Pokémon Quest," is already available on the Nintendo Switch, two variants of "Pokémon: Let's Go," will arrive later this year, and a fourth "core" game will launch in 2019.

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6. A developer who worked on bitcoin early on,told Business Insider he exchanged hundreds of emails with the person or team known as Nakamoto in 2010. The experience, he said, was mostly weird.

7. Consumer Reports magazine has changed the Tesla Model 3's rating to a "recommended buy" after the company made improvements to its breaking system. The magazine had originally criticised the vehicle.

8. Facebook COO Sheryl Sandberg hit back at Apple CEO Tim Cook, reviving the ongoing spat between the two companies. Sandberg dismissed Cook's earlier comments about Facebook's privacy issues, saying "Mark and I strongly disagree with their characterisation of our product."

9. Uber's CEO Dara Khosrowshahi said the firm is on track to go public next year. He said the firm was ready in terms of its margins and profitability.

10. Amazon has given Whole Foods employees Prime-branded outfits to wear, as it rolls out Prime discounts in stores across the US. The outfits come with an apparent new slogan for the Prime discounts: "Savings to smile about."

Original author: Rachel Sandler and Shona Ghosh

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May
31

Uber CEO Dara Khosrowshahi speaks on repairing burned bridges left behind by Travis Kalanick, reveals he's talking to Waymo about joining Uber's network (GOOGL, GOOG)

Dara Khosrowshahi, CEO of Uber, is interviewed at the 2018 Code conference. Greg Sandoval/Business Insider

Dara Khosrowshahi, Uber CEO for nine months, is attempting to rebuild some of the burned bridges that former CEO Travis Kalanick left for him.

Khosrowshahi told the audience at the Code technology conference on Wednesday near Los Angeles, that he has entered into talks with Google's Waymo about joining Uber's network.

Not only were Uber and Waymo rivals in the nascent self-driving car category, but the relationship seemed irreparable after Waymo alleged in a lawsuit that the then Kalanick-led Uber stole some of its tech secrets. The case was resolved earlier this year.

"I had a long relationship with Google," Khosrowshahi said. "They're serious about autonomy. It's up to them."

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Kara Swisher, the Recode cofounder and longtime Silicon Valley journalist, asked how Khosrowshahi brought Google to the negotiating table. Khosrowshahi said: "Economics."

The issue might come down to money but it's hard to see how Google would have ever considered such a proposition while Kalanick was still Uber's chief executive. When Kalanick was at the helm, Uber was dogged by numerous controversies. Khosrowshahi is now attempting to clean up the mess.

Khosrowshahi also revealed that he hopes to make Uber's technology available to other companies, adding that Uber plans to branch out into other forms of transportation beyond cars. Among them: bikes, scooters, and a platform that helps users find rides on buses and city trains.

"You wanted to build your own BART?" Swisher asked jokingly, referring to the Bay Area Rapid Transit system.

But what about autonomous cars? He made it clear that the fatal accident in Arizona in March, involving one of Uber's driverless cars, which Khosrowshahi called a terrible tragedy, has not sidetracked the company's ambitions in that sector.

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"We got to get back on the road," Khosrowshahi told the audience, "but we must do it in the safest manner possible."

He said Uber's autonomous cars will hit the streets again sometime over the summer.

Original author: Greg Sandoval

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