Oct
20

Volkswagen CEO attacks Tesla for firing hundreds of people while burning through cash (TSLA)

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Volkswagen CEO Matthias Müller attacked Tesla CEO Elon Musk for making big announcements while his actual car business suffers. Tesla recently fired hundreds of workers as the company struggles to ramp up production for the Model 3.

Volkswagen CEO Matthias Müller attacked Tesla for burning through cash at an unprecedented rate and firing its workforce.

Muller made his comments while sitting on a panel about the future of the automotive industry. The comments were first reported by the Daily Kanban, which we spotted through Ars Technica.

"If I am correctly informed, Tesla each quarter destroys millions of dollars in the three digits, and it willy-nilly fires its workers," Muller said, as translated from German by the Daily Kanban. "Social responsibility? Please."

Tesla has only turned a profit twice in its company history. Earlier this month, Tesla fired hundreds of workers as it struggles to ramp up production for the Model 3. The company only manufactured 260 vehicles in September when it had targeted 1,500 cars.

The mass firing followed September cuts Tesla made to its solar arm. The company fired dozens of employees out of its Northern California office at the time.

Muller seemed to attack Tesla CEO Elon Musk's propensity for making big announcements while his core automotive business suffers. Per the Daily Kanban:

Now I really need to say a few words about Tesla: With all respect, there are some world champions of big announcements in this world—I don’t want to name names. There are companies that barely sell 80,000 cars a year. Then there are companies like Volkswagen that sell 11 million cars this year, and produce a profit of 13 or 14 billion euro. If I am correctly informed, Tesla each quarter destroys millions of dollars in the three digits, and it willy-nilly fires its workers. Social responsibility? Please. We should not not get carried away and compare apples with oranges.

The comments were made as Volkswagen looks to move past its emissions-cheating scandal. The German automaker paid regulators $14.7 billion in a settlement.

Get the latest Tesla stock price here.

Original author: Danielle Muoio

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Oct
20

15 times 'The Simpsons' accurately predicted the future

An image from a short animation released after Donald Trump announced he would be running for president.20th Century FoxNearly 17 years ago, an episode of "The Simpsons" predicted that Donald Trump would one day become US president.

And this wasn't the only time the writers have managed to predict the future.

"The Simpsons" has been running for over 27 years, so it's inevitable that some themes that crop up in the show might occur in real life. But some of the plotlines are eerily close to events that have happened throughout the world.

We've listed some of the strangest predictions the cartoon's writers have made since the show's launch in 1989.

From Homer discovering the Higgs boson to animators drawing The Shard in London almost 20 years before it was built.

Here are 15 times "The Simpsons" predicted the future:


15. Nobel Prize Winner - Season 22, Episode 1

MIT professor Bengt Holmström won the Nobel Prize in economics in 2016, 6 years after he was bet on to win the Nobel Prize on "The Simpsons."

Holmström's name appears on a betting scorecard when Martin, Lisa, Database, and Milhouse bet on Nobel Prize winners.

14. Smart watches - Season 6, Episode 19

 "The Simpsons" introduced the idea of a watch you could use as a phone in an episode aired in 1995, nearly 20 years before the Apple Watch was released.

13. Lady Gaga's Super Bowl halftime show - Season 23, Episode 22

In 2012, Lady Gaga performed for the town of Springfield hanging in midair. Five years later, she flew off the Houston NRG Stadium roof in real life to perform her Super Bowl halftime show. 

 

12. Autocorrect - Season 6, Episode 8

School bullies Kearny and Dolph take a memo to "beat up Martin" on a Newton device in an episode of "The Simpsons" that aired in 1994. The memo gets quickly translated to "eat up Martha" - an early foreshadowing of autocorrect frustrations.

"The Simpsons" were lampooning Apple's underwhelming Newton — the iPhone's ancient ancestor — that had just been released, and included shoddy handwriting recognition, according to Fast Company. 

Nitin Ganatra, former director of engineering iOS applications at Apple, told Fast Company that this particular moment on "The Simpsons" served as inspiration to get the iPhone keyboard right. 

11. Faulty voting machines — Season 20, Episode 4

In 2008, "The Simpsons" showed Homer trying to vote for Barack Obama in the US general election, but a faulty machine changed his vote.

Four years later, a voting machine in Pennsylvania had to be removed after it kept changing people's votes for Barack Obama to ones for his Republican rival Mitt Romney.

10. The invention of the tomacco plant — Season 11, Episode 5

 

In 1999, Homer uses nuclear energy to create a hybrid of tomato and tobacco plants: the "tomacco."

This inspired US "Simpsons" fan Rob Baur to create his own plant. In 2003, Baur grafted together a tobacco root and a tomato stem to make "tomacco." Writers for "The Simpsons" were so impressed that they invited Baur and his family to their offices and ate the tomacco fruit themselves.

9. Ebola outbreak — Season 9, Episode 3

 

Some people maintain that "The Simpsons" predicted the 2014 outbreak of Ebola 17 years before it happened. In a scene from the episode "Lisa's Sax," Marge suggests a sick Bart read a book titled "Curious George and the Ebola Virus." The virus wasn't particularly widespread in the 1990s, but years later it was the top of the news agenda.

Ebola was first discovered in 1976, and though this latest outbreak has been the worst yet, it killed 254 people in the Democratic Republic of Congo in 1995 and 224 in Uganda in 2000.

8. The discovery of the Higgs boson equation — Season 8, Episode 1

 

In a 1998 episode called "The Wizard of Evergreen Terrace," Homer Simpson becomes an inventor and is shown in front of a complicated equation on a blackboard. 

According to Simon Singh, the author of "The Simpsons and their Mathematical Secrets," the equation predicts the mass of the Higgs boson particle. It was first predicted in 1964 by Professor Peter Higgs and five other physicists, but it wasn't until 2013 that scientists discovered proof of the Higgs boson in a £10.4 billion ($13 billion) experiment.

7. The invention of The Shard — Season 6, Episode 19

 

The "Lisa's Wedding" episode from 1995 came with a lot of unexpected predictions. During Lisa's trip to London, we see a skyscraper behind Tower Bridge that looks eerily similar to The Shard and that is even in the right location. Construction on the building started in 2009, 14 years later.

6. Robotic librarians — Season 6, Episode 19

 

In "Lisa's Wedding," we discover that librarians have been replaced with robots in the "Simpsons" universe.

More than 20 years later, robotics students from the University of Aberystwyth built a prototype for a walking library robot, while scientists in Singapore have begin testing their own robot librarians.

5. Horsemeat scandal — Season 5, Episode 19

 

In 1994, Lunchlady Doris used "assorted horse parts" to make lunch for students at Springfield Elementary. 

Nine years later, the Food Safety Authority of Ireland found horse DNA in over one-third of beefburger samples from supermarkets and ready meals, and pig in 85% of them.

4. Siegfried and Roy tiger attack — Season 5, Episode 10

 

The Simpsons parodied entertainers Siegfried & Roy in a 1993 episode called "$pringfield (Or, How I Learned to Stop Worrying and Love Legalised Gambling)." During the episode, the magicians are viciously mauled by a trained white tiger while performing in a casino. 

In 2003, Roy Horn of Siegfried and Roy was attacked during a live performance by Montecore, one of their white tigers. Roy lived but sustained severe injuries in the attack.

3. Letter from The Beatles — Season 2, Episode 18

 

In 1991, an episode of "The Simpsons" saw The Beatles' Ringo Star diligently answering fan mail that had been written decades ago.

In September 2013, two Beatles fans from Essex received a reply from Paul McCartney to a letter and recording they sent to the band 50 years ago. The recording was sent to a London theatre the band was due to play at but was found years later in a car boot sale by a historian.

In 2013, the BBC's "The One Show" reunited the pair with their letter, plus a reply from McCartney.

2. The censorship of Michelangelo's David — Season 2, Episode 9

 

An episode from 1990 titled "Itchy and Scratchy and Marge" showed Springfieldians protesting against Michelangelo's statue of David being exhibited in the local museum, calling the artwork obscene for its nudity.

The satire of censorship came true in July 2016, when Russian campaigners voted on whether to clothe a copy of the Renaissance statue that had been set up in central St Petersburg.

1. Three-eyed fish — Season 2, Episode 4

 

In this episode from 1990, Bart catches a three-eyed fish named Blinky in the river by the power plant, which makes local headlines.

More than a decade later, a three-eyed fish was discovered in a reservoir in Argentina. Strangely enough, the reservoir itself was fed by water from a nuclear power plant.

Original author: Edith Hancock and Amanda Luz Henning Santiago

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Oct
20

Under Armour is copying a strategy from a billion-dollar startup — and it's a brilliant move

The ArmourBox has free shipping both ways — and no fees. UnderArmour

Under Armour has a new subscription service. It looks a lot like Stitch Fix, which just filed for an IPO. Stitch Fix has been successful, which bodes well for Under Armour.

 

Under Armour has just announced a new subscription service called ArmourBox.

Here's how it works: Tell Under Armour what kind of clothes you like and how you work out, and they'll ship you a box with four to six items for you to consider purchasing. No purchase is required, there's no fee, and shipping is free both ways. If you like the whole box and buy it all, you'll get a 20% discount.

It that sounds familiar, that's because Stitch Fix works nearly the exact same way.

There are a few differences between the two services. Stitch Fix doesn't work on a subscription model unless you want it to, each box carries a $20 fee unless you buy something, and Stitch Fix carries more than just its house brands, unlike Under Armour.

With ArmourBox, on the other hand, you can choose to receive a shipment every 30, 60, or 90 days, but you can't skip a delivery or pause your subscription.

A typical ArmourBox. Under Armour

On the surface, however, the services work in the exact same way, though it's not quite clear if there are differences in how the boxes are filled by their respective companies. 

Stitch Fix's strategy has worked great for the company so far. It just filed for an IPO, reporting nearly $1 billion in revenue for 2017. The company has been valued at just under $2 billion, according to Axios.

Subscription services are a notoriously risky business, but Stitch Fix is proving that the box model can work.

Under Armour's service carries no fees, and there are no charges unless you forget to return a box or you decide to buy something. The customer is required to take action within seven days so that they're not charged for it all.

The no-risk strategy is an ambitious play to get product into customers' homes so that they can evaluate it on their own time. It's a sign of the confidence that Under Armour has in its offerings. It's hoping that if it can get its stuff in people's hands, they'll like it enough to continue receiving it.

If that doesn't happen, Under Armour has worse problems than a failed subscription service.

Original author: Dennis Green

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Oct
20

Sneaker and streetwear reseller Stadium Goods just launched their first app

 Stadium Goods, the online (and brick and mortar) marketplace for highly sought after sneakers and streetwear, is launching its first app. Live today to coincide with the startup’s two year anniversary, the first iteration of the app is basically just a mobile marketplace. But Stadium Goods plans to eventually build out this functionality and take advantage of location services and… Read More

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Oct
20

The 5 best new songs you can stream right now

MGMT.Brad EltermanThis week, MGMT dropped its first single in four years, rapper Big K.R.I.T. put out a new track, and country singer Margo Price released her second studio album. 

Here are the 5 best songs from the past week that you can stream right now:


MGMT — "Little Dark Age"

MGMT returns from a four-year hiatus with "Little Dark Age," a gothic, '80s-inspired single that melds alternately eerie and charged synths with one of the band's best choruses to date. It's the title track from the group's upcoming fourth LP, which is set for an early 2018 release. 

Mitski — "I'm a Fool to Want You"

Indie rock phenom Mitski lends a transfixing, otherworldly rendition of "I'm a Fool to Want You" — a 1951 Frank Sinatra song that became a jazz-pop standard — to a star-studded compilation album benefiting Planned Parenthood. 

Destroyer — "In The Morning"

The eccentric Canadian rocker Dan Bejar released his 11th Destroyer album, "ken," this week. "In The Morning," a standout track, combines layers of shoegaze-y guitars with accessible melodies. 

 

Margo Price — "Don't Say It"

Nashville-based country singer Margo Price brings a Dolly Parton-like presence and an effective rockabilly vibe to "Don't Say It," the intro track to her second studio album, "All American Made."

Big K.R.I.T. — "Aux Cord"

Southern rapper-producer Big K.R.I.T. channels early 2000s-era Outkast on "Aux Cord," a well-executed ode to commandeering someone else's car speakers to play "fly sh-t" like Sly & The Family Stone.   

Original author: John Lynch

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Oct
20

7 Startup Founder Podcasts – Perseverance Pays Off - Sramana Mitra

While entrepreneurs have followed very different paths while building their successful startups, there are striking qualities shared by those able to persevere through the ups and downs of the...

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Original author: Sramana Mitra

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Oct
20

We Will Miss You Matt

October 20, 2017

Matt Bencke passed away yesterday. We put the above photo and note up on the Foundry Group site yesterday but I was still processing it and wasn’t ready to blog about it until this morning. His partner and co-founder at Might AI – Daryn Nakhuda – wrote some beautiful words about Matt at In our hearts, always.

You may remember Matt from his incredible article in Wired Magazine titled The Day I Found Out My Life Was Hanging From A Thread. I added on to this in It Can All Change In A Day.

Matt found out about his cancer on July 28th. The day before he, and everyone else in his world, thought he was in the peak of health. My post was on August 24th. It’s October 20th. I’m struggling to process this time frame.

I measure the closeness of my friendships with a few specific markers. The one that shifts things into another level of intimacy is to spend a few days together with me and Amy. Matt and I had been planning to have him and his wife Amy (who I only know from a distance) come out to Aspen in September and spend a long weekend with us. That obviously didn’t happen and will be a hole that I always have in my life.

Matt – you were awesome and will always be in our hearts and memories.

Also published on Medium.

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Original author: Brad Feld

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Oct
20

Roundtable Recap: October 19 – What Investors are Looking for with Mark Achler, MATH Ventures - Sramana Mitra

During this week’s roundtable, we had as our guest Mark Achler, Managing Director, MATH Venture Partners, to discuss their investment strategy and the industry trends. GoGo Places First, Epi Ludvik...

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Original author: Sramana Mitra

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Oct
19

Studio makes running more exciting with coaching, music and competition

 Jason Baptiste wants you to run — Studio is all about “turning fitness into entertainment,” while also making sure you get a good workout. Read More

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Oct
19

Thought Leaders in Artificial Intelligence: Protagonist CEO, Doug Randall (Part 4) - Sramana Mitra

Sramana Mitra: This is really interesting. What trends do you see in the universe that you are playing in? What are the emerging trends? What kind of adoption are you seeing in customers of these...

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Original author: Sramana Mitra

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Oct
19

372nd Roundtable For Entrepreneurs Starting NOW: Live Tweeting By @1Mby1M - Sramana Mitra

Today’s 372nd FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, October 19, 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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Oct
19

372nd Roundtable For Entrepreneurs Starting In 30 Minutes: Live Tweeting By @1Mby1M - Sramana Mitra

Today’s 372nd FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, October 19, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All...

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Original author: Maureen Kelly

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Oct
19

IBM Seems to be Making Slow but Steady Progress - Sramana Mitra

In its recent third quarter results, IBM (NYSE: IBM) came quite close to breaking the streak of 22 straight quarters of revenue declines. However, despite the revenue decline of 0.4%, it handily beat...

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Original author: Sramana_Mitra

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Oct
19

Thought Leaders in Financial Technology: Hakan Nordfjell, Senior VP of eBanking and eCommerce at Gemalto (Part 4) - Sramana Mitra

Hakan Nordfjell: For example, I know that I have identified himself and enrolled with that Third Party Provider (TPP). I can trust the service because when the TPP does the request on my behalf, I...

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Original author: Sramana Mitra

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Oct
19

London-based on-demand delivery startup Jinn shutters

 Jinn, the London-based startup that offers a same-hour ‘shop on your behalf’ delivery app that operates quite similarly to Postmates in the U.S., has shut down, with the company in the process of going into administration. Read More

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Oct
19

European house removals platform Movinga raises up to another €22M

 Movinga, the European platform for house removals that was seemingly written off last year, continues to perform what appears to be an impressive turn around. The Berlin-headquartered startup has closed a new funding round of up to €22 million led by Santo Venture Capital, the venture arm of the Strüngmann family office, with participation from existing backers Earlybird Venture Capital… Read More

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Oct
19

MongoDB prices its IPO at $24 per share

 MongoDB has finished up what is essentially the final step in going public, pricing its IPO at $24 and raising $192 million in the process. The company will debut on the public markets tomorrow and will once again test the waters for companies that are looking to build full-fledged businesses on the back of open-sourced software. MongoDB provides open-sourced database software that can be… Read More

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Oct
18

Atlas Informatics calls it quits after less than a year

 Atlas Informatics, whose Atlas Recall promised an intuitive and powerful way to index all your information across many services, is shutting down less than a year after launch. There will be no long sunset period: all user data will be deleted next Friday, the 27th. Read More

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Oct
18

Truffle now lets you share your food tips via iMessage

 While you’ve already got Yelp and other apps to help you figure out where to eat, Truffle is designed specifically for sharing recommendations with friends and other people you know. A new update should make that sharing even easier. The big addition is an iMessage app, which means (you guessed it) that Truffle is now integrated with iMessage. Read More

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Oct
18

eBay is having a pretty bad day

 eBay is not having a great afternoon after posting a pretty ho-hum third quarter that fit roughly in line with analyst estimates, but perhaps not seeing the kinds of leaps that Wall Street is looking for heading into the fourth quarter. The company said it added an additional 2 million active buyers and now says it has 168 million global active buyers. But even with buyer numbers as large as… Read More

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