Feb
22

Why I felt fine about not disclosing my pregnancy to investors

SpaceX has launched hundreds of its internet-beaming Starlink satellites into orbit since 2019.On Tuesday, a college student tweeted the first official SpaceX photos of satellite dishes, or user terminals, that will connect subscribers to the web.Company founder Elon Musk has described the terminals as "UFOs on a stick" and confirmed their authenticity as SpaceX works to start a private beta test of the internet service this summer.A review of Starlink.com's public source code by Business Insider revealed numerous potential details about the upcoming beta program.Beta users may have to pay only $1 for a Starlink user terminal and internet service, but may need to install the devices themselves — and can't talk publicly about their participation in the test program.Visit Business Insider's homepage for more stories.

Hidden in the code of a SpaceX website are the first official pictures of satellite dishes that will connect future subscribers to Starlink — a fleet of low-flying, internet-beaming satellites.

What's more, a review of the site's code by Business Insider turned up numerous credible details about how an upcoming beta test of Starlink might work.

SpaceX founder Elon Musk has previously described the satellite dishes, or user terminals, as looking like a "UFO on a stick." Though the company has yet to formally share images of the terminals, fans have hunted down Starlink test sites listed in US regulatory documents and taken pictures of prototype antennas. 

In this case, Vivien Hantusch, a student at the Peter Behrens School of Arts (who often interacts with Musk on Twitter), found links to official pictures in the public source code of Starlink's website.

"UFO on a stick aka Starlink user terminal looks beautiful," Hantusch tweeted on Tuesday evening, sharing two crops of the images.

Her posts led Business Insider to carry out a wider review of the site code, which contained what appear to be in-depth details of the Starlink beta program.

Musk replied to the tweet with details he's shared before about the terminals. 

"Starlink terminal has motors to self-orient for optimal view angle. No expert installer required. Just plug in & give it a clear view of the sky," Musk said. "Can be in garden, on roof, table, pretty much anywhere, so long as it has a wide view of the sky."

SpaceX is gearing up to launch a private beta for Starlink this summer and a more public user test program later this year. To that end, the company sent emails overnight on Monday to Starlink beta applicants requesting addresses for where they'd like service.

A review by Business Insider of Starlink.com's public source code suggests that SpaceX is very close to finishing a website for beta testers. SpaceX did not immediately respond to a request for comment.

Being a Starlink beta tester may cost $1 a month

Company founder Elon Musk has called these user terminals "UFOs on a stick," and they're designed to connect to the internet via a fleet of orbiting Starlink satellites. SpaceX

During our code review, Business Insider discovered a JavaScript file that appears to power a future page for beta invitees.

The code gives a picture of how the page would probably work, but could change before launch.

The file includes a link to another apparent user terminal image, above. It also has programming for would-be users to enter a non-transferable participation code and create an account.

More importantly, there are roughly 2,000 words in the file that appear to lay out a privacy policy, terms of service, and the fee to participate in "Starlink Beta" — $1 a month.

(Text farther down in the file specifies a $3 initial charge, followed by $2 per month charge thereafter.)

The Starlink website file says: "These charges are not a fee for the Starlink hardware or services, but are being requested exclusively to allow for the testing of our ordering and billing systems as part of this beta program."

 "SpaceX is temporarily loaning you the hardware and providing the internet services free of charge. The $1 will be charged 30 days after your hardware is shipped."

Also in the file is text that appears to explain the rationale for the test program:

"Starlink Beta is an opportunity to be an early user of the SpaceX's satellite internet system. The purpose of Starlink Beta is to gather feedback that will help us make decisions on how best to implement the system for Starlink's official launch.

"By design, the beta experience will be imperfect. Our goal is to incorporate feedback from a variety of users to ensure we build the best satellite broadband internet system possible."

Following that is an FAQ that expands on how the beta program might actually work.

An answer to a "who can participate" question says "Starlink Beta will begin in the Northern United States and lower Canada, with those living in rural and/or remote communities in the Washington state area." Being in those locations won't ensure participation, though, as SpaceX is also considering how many participants are in a given area.

Importantly, would-be beta testers will also need a clear view of the northern sky:

"Why do I need a clear view of the northern sky to be a beta tester? The Starlink system is currently made up of nearly 600 satellites orbiting the Earth that can provide internet service in a very specific range — between 44 and 52 degrees north latitude.

"Your Starlink dish requires a clear view of the Northern sky in order to communicate with the Starlink satellites. Without the clear view, the Starlink dish cannot make a good connection and your service will be extremely poor."

Participants shouldn't expect a seamless web connection, the file states, since SpaceX's work to improve the satellite network may cause intermittent disruptions.

"When connected, your service quality will be high, but your connection will not be consistent," the file says. "This means it may support streaming video with some buffering, but likely is not suitable for gaming or work purposes."

Users who complete the sign-up process will be permitted to order a "Starlink Kit" and, once they do, will be greeted with an order confirmation page, according to the code.

"Your Starlink Kit will arrive via FedEx pre-assembled with a Starlink dish, router, power supply and mount depending on your dwelling type," the file says.

Near the end of the FAQ is more detail about SpaceX's technical argument for creating Starlink internet service:

"How does Starlink internet work? Starlink will deliver high-speed broadband internet across the globe with a large, low-Earth constellation of relatively small but advanced satellites. Satellite internet works by sending information through the vacuum of space, where it travels nearly 50% faster than in fiber-optic cable.

"Most satellite internet services today come from single geostationary satellites that orbit the planet at about 35,000km, covering a fixed region of the Earth. Starlink, on the other hand, is a constellation of multiple satellites that orbit the planet much lower at about 550km, and cover the entire globe.

"Because the satellites are in a low orbit, the round-trip data time between the user and the satellite — also known as latency — is much lower than with satellites in geostationary orbit. This enables Starlink to deliver services like online gaming that are usually not possible on other satellite broadband systems."

Finally, text in the file says, beta testers who want to cancel can do so "at any time."

But the first rule of the Starlink Beta is you do not talk about Starlink Beta

SpaceX's Starlink-8 mission delivered a ninth batch of internet-beaming satellites into orbit on June 13, 2020, while leaving behind a stunning blue-rainbow cloud in the skies over coastal Florida. SpaceX via Twitter

However, the terms and conditions laid out in the text make clear the program isn't one you can tell anyone about, since every tester will be required to sign a non-disclosure agreement.

"You are being provided early access to the Starlink Services. The Starlink Services and details like internet speeds, uptime, coverage, and other performance specifications are confidential and proprietary to SpaceX," the file says.

"You may NOT discuss your participation in the Beta Program online or with those outside of your household, unless they are SpaceX employees."

The file goes on to add: "You must not share anything on social media about the Starlink Services or the Beta Program. This applies not only to public forums, but also to private accounts and restricted groups.

"Do not provide access or information about Starlink Services to the media or allow third-parties to take pictures of any part of the Starlink Kit."

Over the course of 8 weeks, the file says, testers may be expected to "dedicate an average of 30 minutes to 1 hour per day testing the Starlink Services and providing feedback on a periodic basis," including surveys, emails, and calls with SpaceX employees.

Further, SpaceX also seems to want testers to install their own kits. This may be to test the ease of mounting an advanced satellite dish to a roof or wall, but perhaps also to protect trade secrets from curious local handymen (who might post photos or descriptions of the tech).

"You are responsible for installing the Starlink Kit. Do not allow third-parties, or those not associated with SpaceX, to access or install the Starlink Kit unless you obtain approval form [sic] SpaceX," the file's text says.

Doing anything illegal with a Starlink web connection won't be tolerated, according to SpaceX's file, and those users who don't return the equipment within 30 days of SpaceX's request will apparently be charged an "equipment fee."

Though that fee is unspecified, it could be significant: The phased-array antenna inside each user terminal may cost more than $1,000 to make, according to some industry analysts.

Jake Swearingen and Samir Yahyazade contributed to this story.

Have a story or inside information to share about the spaceflight industry? Send Dave Mosher an email at This email address is being protected from spambots. You need JavaScript enabled to view it. or a Twitter direct message at @davemosher. More secure communication options are listed here.

Original author: Dave Mosher

Continue reading
  31 Hits
Nov
14

Japan’s Line messaging service launches Web3 game platform Game Dosi

There is a lot riding on the use of artificial intelligence technology to help us take giant leaps ahead in solving complex challenges — whether it’s medical breakthroughs, building better cybersecurity or creating better navigation systems for cars and other moving objects. But the more advanced the application, the bigger the need for hardware that can handle the calculations and processing; and that means the race is on for ever-more powerful processing. Now, the U.K. startup Graphcore is announcing its latest contribution to that effort.

Today, it is announcing a new chip, the GC200, and a new IPU Machine that runs on it, the M2000, which Graphcore says is the first AI computer to achieve a petaflop of processing power “in the size of a pizza box.”

Graphcore says there are no plans for the GC200 to be sold separately, and it will come only in the M2000. CEO and co-founder Nigel Toon said the M2000 is now shipping to early access customers and will be more widely available by the end of this year to customers in applications in areas like financial services, healthcare, technology and more, “wherever AI is used.”

This is the second generation of Graphcore’s hardware to be released, and its first in just less than two years, Toon notes.

The IPU Machine uses four of the 7nm GC200 IPU chips, with the GC200 featuring 59.4 billion transistors on each chip. Potentially, Graphcore says that up to 64,000 IPUs can be connected together to create a vast parallel processor of up to 16 exaflops of computing power and petabytes of memory to support models with trillions of parameters. The idea is that these can be scaled up as necessary.

The moves come at a key moment both for Graphcore and the AI hardware industry. The U.K. upstart competes against leviathans in the world of processors, like Nvidia and Intel — Graphcore raised a further $150 million in May at a nearly $2 billion valuation to compete against them, and Toon says the $450 million it has raised so far is enough for now, with customers like Microsoft and others already on its books — but also a plethora of other companies building AI chips. And it was only in May that Nvidia unveiled its own latest chip, the A100, its first Ampere-based GPU that promises 5 petaflops of performance.

Graphcore and its leader Toon — who, with his co-founder Simon Knowles had sold a previous startup called Icera to Nvidia — argue that its IPU approach is more efficient and advanced than the GPU route that Nvidia is taking.

“We are trying to build products that are easy to put into your existing compute infrastructure,” he said. “It means you can scale up to thousands of IPU processors.” And, he added, that means that the cost of ownership can be 10-20 times lower for the IPU approach, which in turn translates to faster take-up of the hardware.

Toon says that while other chipmakers continue to work on a number of other processing applications in parallel with AI — for example for mobile devices, or quantum chips — Graphcore is remaining firmly focused on AI applications, which he says remains a “massive opportunity for us to grow our business and add more customers.”

We’re 100% focused on silicon processors for AI, and on building systems that can plug into existing centers. Why would we want to build CPUs or GPUs if those already work well? This is just a different toolbox.” He said he believes it will be a 10 to 15-year window before quantum or molecular computing comes along, a trajectory that might pose a lot of challenges for smaller startups trying to build in that area against biggies like IBM. 

Toon noted that AI stands among the trends that the COVID-19 pandemic has accelerated — not just around the many applications being pursued around the health crisis and fighting the virus itself, but also around working and improving processes for other services resulting from that.

“We’ll probably burn $100 million more investing in technology and people” — the company now has 450 employees, Toon noted, “but our revenues are also ramping, and the $300 million in cash we have today should be sufficient to get us to a fast and profitable business.”

Continue reading
  42 Hits
Nov
15

Trinamix’s face authentication optimized for Snapdragon mobile processors

Ravelin, the London-based company using machine learning to help companies fight fraud when accepting online payments, has raised $20 million in new funding.

The Series C round is led by Draper Esprit, with participation from existing investors Amadeus Capital Partners, BlackFin Tech and Passion Capital. Ravelin disclosed $10 million in Series B funding in September 2018.

Launched in 2016, Ravelin utilises machine learning and graph network technologies to help online businesses reduce losses to fraud and improve acceptance rates of orders. The idea is to do away with cruder, rule-based systems and use machine learning to negate false positives and give merchants more confidence accepting customers/transactions.

With regards to product-market fit, Ravelin says it first found success with large-scale food and cab-ride marketplaces, but has since expanded into travel, ticketing, entertainment, gaming, gambling and retail. In addition to identifying card fraud, Ravelin also works with clients to find compromised accounts (referred to as “account takeover”), spot incentive abuse and tackle supplier fraud in marketplaces.

Account takeover is where fraudsters use credentials that have been exposed in data breaches to take over an individual’s online account for their own use or to sell on the dark web. “We have a product that helps secure accounts in the first place, identify at risk accounts and help the merchant reclaim the account for the original user,” explains Ravelin’s chief marketing officer Gerry Carr. “It’s a complex problem and due to the ease that it can be done, a fast growing issue.”

Incentive abuse sees users re-using and/or sharing vouchers and sign-up incentives to defraud a merchant. To prevent this, Ravelin is able to map out the network of users and their associated voucher codes to spot if a voucher is already used by another user and block it.

Supplier fraud typically affects marketplaces where the customer, the courier or the product supplier is working to defraud the marketplace. “There are many ways this can happen,” says Carr, “a simple example might be a supplier uses a fake account to place an order with cash delivery. In this scenario the marketplace advances the restaurant the payment. Once they receive the payment, the restaurant cancels the order and keeps the payment. We can help a marketplace identify anomalous activity in the network and put a stop to fraudulent behaviour.”

Ravelin is also developing “Ravelin Accept,” a product aimed at helping businesses navigate PDS2 and confidently accept rather than reject more transactions. PSD2 means there will be a lot more authentication required for transactions.

“This risks a lot of failed transactions as consumers struggle with the step-up authentication and merchants are unsure about how to get exemptions to the secure authentication,” explains Carr. “Ravelin Accept will have built-in intelligence about how the major issuers like to manage transactions. It will route a transaction to an exemption to authentication where possible, and where it is not, [it] will manage that step-up dynamically to give it the best chance of acceptance. The hard deadline of PSD2 at the end of this year should see significant demand for Ravelin Accept to help with acceptance rates.”

Meanwhile, Ravelin says it will use its Series C round to further invest in these innovations, and to reach more markets and industries globally.

Comments Draper Esprit’s Vinoth Jayakumar: “Our model is to invest in innovation over the long term. Ravelin perfectly aligns with that thesis. The team at Ravelin are world-class and continue to work to push the boundaries of their products… What got us really excited was the range of problems they solve for clients and the suite of products they are developing.”

Continue reading
  43 Hits
Aug
11

Billionaire hedge fund manager Daniel Loeb made a big bet on Alibaba (BABA)

Original author: Isobel Asher Hamilton

Continue reading
  31 Hits
Feb
22

If Coinbase is worth $100 billion, what’s a fair valuation for Stripe?

Icelandic fintech startup Lucinity has raised $6.1 million in fresh funding from Karma Ventures and byFounders. The anti-money laundering company uses a cloud-based integration to help financial institutions better understand transaction data. "Banks are trying their hardest to combat money laundering, but the tools to prevent it are limited," Lucinity founder and CEO Gudmundur Kristjansson (better known as GK). "That's why we set out to 'make money good' using our AI to help banks ensure that the money that flows through them comes from clean sources."Visit Business Insider's homepage for more stories. 

Financial crime and money laundering is a thorn in the side of financial institutions. Compliance is often costly and manual.

A 2018 report by data provider Refinitiv suggested that $1.45 trillion had been lost by businesses as a result of financial crime.

Cloud-based Icelandic anti-money laundering fintech startup Lucinity has just raised $6.1 million in fresh funding to help alleviate the problem.

"Banks are trying their hardest to combat money laundering, but the tools to prevent it are limited," Lucinity founder and CEO Gudmundur Kristjansson (better known as GK). "That's why we set out to 'make money good' using our AI to help banks ensure that the money that flows through them comes from clean sources."

The anti-money laundering company uses a cloud-based integration to help financial institutions better understand transaction data. 

The new round was co-led by Karma Ventures and ByFounders, bringing the startup's total funding to $9 million. Previous investors Crowberry Capital and Preceptor Capital also participated in the company's seed round in June last year.

Lucinity was already planning for its next raise when it closed that earlier seed round, Kristjansson said. The round started off in March and was officially closed at the start of July.

"We were planning our Series A for this year and saw an opportunity in Covid. We foresaw a rapid increase in digitization and remote working that speaks perfectly to our value proposition," GK added. "We are in a position to leverage whatever situation comes out of Covid, and the fundraising showed us that many investors agree."

Lucinity's product focuses on what it calls "Human AI," effectively a feedback loop which provides charts and explanations of data, which Kristjansson calls the "secret sauce" which has been missing from many previous anti-financial crime products.

Funding will be used to continue scaling the Lucinity team as it looks to deploy its services within financial institutions in Europe and the US. 

Check out Lucinity's pitch deck below:

Original author: Callum Burroughs

Continue reading
  25 Hits
Sep
22

Thought Leaders in Artificial Intelligence: Jim Regan, CMO of MRP (Part 4) - Sramana Mitra

Layer is not trying to replace Excel or Google Sheets. Instead the Berlin-based productivity startup wants to make life easier for those whose job entails wrangling massive spreadsheets and managing data inputs from across an organization — such as for budgeting, financial reporting or HR functions — by adding a granular control access layer on top.

The idea for a ‘SaaS to supercharge spreadsheets’ came to the co-founders as a result of their own experience of workflow process pain-points at the place they used to work, as is often the case with productivity startups.

“Constantin [Schünemann] and I met at Helpling, the marketplace for cleaning services, where I was the company’s CFO and I had to deal with spreadsheets on a daily level,” explains co-founder Moritz ten Eikelder. “There was one particular reference case for what we’re building here — the update of the company’s financial model and business case which was a 20MB Excel file with 30 different tabs, hundreds of roles of assumptions. It was a key steering tool for management and founders. It was also the basis for the financial reporting.

“On average it needed to be updated twice per month. And that required input by around about 20-25 people across the organization. So right then about 40 different country managers and various department heads. The problem was we could not share the entire file with [all the] people involved because it contained a lot of very sensitive information like salary data, cash burn, cash management etc.”

While sharing a Dropbox link to the file with the necessary individuals so they could update the sheet with their respective contributions would have risked breaking the master file. So instead he says they created individual templates and “carve outs” for different contributors. But this was still far from optimal from a productivity point of view. Hence feeling the workflow burn — and their own entrepreneurial itch.

“Once all the input was collected from the stakeholders you would start a very extensive and tedious copy paste exercise — where you would copy from these 25 difference sources and insert them data into your master file in order to create an up to date version,” says ten Eikelder, adding: “The pain points are pretty clear. It’s an extremely time consuming and tedious process… And it’s extremely prone to error.”

Enter Layer: A web app that’s billed as a productivity platform for spreadsheets which augments rather than replaces them — sitting atop Microsoft Excel and Google Sheets files and bringing in a range of granular controls.

The idea is to offer a one-stop shop for managing access and data flows around multi-stakeholder spreadsheets, enabling access down to individual cell level and aiding collaboration and overall productivity around these key documents by streamlining the process of making and receiving data input requests.

“You start off by uploading an Excel file to our web application. In that web app you can start to build workflows across a feature spectrum,” says Schünemann — noting, for example, that the web viewer allows users to drag the curser to highlight a range of cells they wish to share.

“You can do granular user provisioning on top of that where in the offline world you’d have to create manual carve outs or manual copies of that file to be able to shield away data for example,” he goes on. “On top of that you can then request input [via an email asking for a data submission].

“Your colleagues keep on working in their known environments and then once he has submitted input we’ve built something that is very similar to a track changes functionality in Word. So you as a master user could review all changes in the Layer app — regardless of whether they’re coming through Excel or Google Sheets… And then we’ve built a consolidation feature so that you don’t need to manually copy-paste from different spreadsheets into one. So with just a couple of clicks you can accept changes and they will be taken over into your master file.”

Layer’s initial sales focus is on the financial reporting function but the co-founders say they see this as a way of getting a toe in the door of their target mid-sized companies.

The team believes there are wider use-cases for the tool, given the ubiquity of spreadsheets as a business tool. Although, for now, their target users are organizations with between 150-250 employees so they’re not (yet) going after the enterprise market.

“We believe this is a pretty big [opportunity],” Schünemann tells TechCrunch. “Why because back in 2018 when we did our first research we initially started out with this one spreadsheet at Helpling but after talking to 50 executives, most of them from the finance world or from the financial function of different sized companies, it’s pretty clear that the spreadsheet dependency is still to this day extremely high. And that holds true for financial use cases — 87% of all budgeting globally is still done via spreadsheets and not big ERP systems… but it also goes beyond that. If you think about it spreadsheets are really the number one workflow platform still used to this day. It’s probably the most used user interface in any given company of a certain size.”

“Our current users we have, for example, a real estate company whereby the finance function is using Layer but also the project controller and also some parts of the HR team,” he adds. “And this is a similar pattern. You have similarly structured workflows on top of spreadsheets in almost all functions of a company. And the bigger you get, the more of them you have.

“We use the finance function as our wedge into a company — just because it’s where our domain experience lies. You also usually have a couple of selective use cases which tend to have these problems more because of the intersections between other departments… However sharing or collecting data in spreadsheets is used not only in finance functions.”

The 2019 founded startup’s productivity platform remains in private beta for now — and likely the rest of this year — but they’ve just nabbed €5 million (~$5.6M) in seed funding to get the product to market, with a launch pegged for Q1 2021.

The seed round is led by Index Ventures (Max Rimpel is lead there), and with participation from earlier backers btov Partners. Angel investors also joining the seed include Ajay Vashee (CFO at Dropbox); Carlos Gonzales-Cadenaz (COO of GoCardless), Felix Jahn (founder and CEO of McMakler), Matt Robinson (founder of GoCardless and Nested) and Max Tayenthal (co-founder and CFO of N26).

Commenting in a statement, Index’s Rimpel emphasized the utility the tool offers for “large distributed organizations”, saying: “Spreadsheets are one of the most successful UI’s ever created, but they’ve been built primarily for a single user, not for large distributed organisations with many teams and departments inputting data to a single document. Just as GitHub has helped developers contribute seamlessly to a single code base, Layer is now bringing sophisticated collaboration tools to the one billion spreadsheet users across the globe.”

On the competition front, Layer said it sees its product as complementary to tech giants Google and Microsoft, given the platform plugs directly into those spreadsheet standards. Whereas other productivity startups, such as the likes of Airtable (a database tool for non-coders) and Smartsheets (which bills itself as a “collaboration platform”) are taking a more direct swing at the giants by gunning to assimilate the spreadsheet function itself, at least for certain use cases.

“We never want to be a new Excel and we’re also not aiming to be a new Google Sheets,” says Schünemann, discussing the differences between Layer and Airtable et al. “What Github is to code we want to be to spreadsheets.”

Given it’s working with the prevailing spreadsheet standard it’s a productivity play which, should it prove successful, could see tech giants copying or cloning some of its features. Given enough scale, the startup could even end up as an acquisition target for a larger productivity focused giant wanting to enhance its own product offering. Though the team claims not to have entertained anything but the most passing thoughts of such an exit at this early stage of their business building journey.

“Right now we are really complementary to both big platforms [Google and Microsoft],” says Schünemann. “However it would be naive for us to think that one or the other feature that we build won’t make it onto the product roadmap of either Microsoft or Google. However our value proposition goes beyond just a single feature. So we really view ourselves as being complementary now and also in the future. Because we don’t push out Excel or Google Sheets from an organization. We augment both.”

“Our biggest competitor right now is probably the ‘we’ve always done it like that’ attitude in companies,” he adds, rolling out the standard early stage startup response when asked to name major obstacles. “Because any company has hacked their processes and tools to make it work for them. Some have built little macros. Some are using Jira or Atlassian tools for their project management. Some have hired people to manage their spreadsheet ensembles for them.”

On the acquisition point, Schünemann also has this to say: “A pre-requisite for any successful exit is building a successful company beforehand and I think we believe we are in a space where there are a couple of interesting exit routes to be taken. And Microsoft and Google are obviously candidates where there would be a very obvious fit but the list goes beyond that — all the file hosting tools like Dropbox or the big CRM tools, Salesforce, could also be interesting for them because it very much integrates into the heart of any organization… But we haven’t gone beyond that simple high level thought of who could acquire us at some point.” 

Continue reading
  36 Hits
Sep
22

10 Tech Entrepreneurs Who Did NOT Move to Silicon Valley in Podcasts - Sramana Mitra

Adam Neumann, the controversial co-founder and former CEO of WeWork, has taken a 33% equity stake in GoTo Global, a shared mobility company that operates in Israel and Malta and aims to expand into Europe later this year.

Neumann’s family office, 166 2nd Financial Services, invested $10 million into GoTo Global as part of a $19 million Series B round. As part of his investment, Neumann will be able to appoint one board member on his behalf. Existing shareholder Shagrir Group Vehicle Services, a publicly traded Israeli company, also participated in the round.

GoTo Global (also referred to as GoTo Mobility) is a mobility-as-a-service company that is aiming to cover the entire range of shared vehicles from cars and mopeds to bicycles and electric scooters. The company, which started in 2008 with a focus on car sharing, previously raised $3 million in seed funding. It had also secured a $9 million loan from Shagrir, which has been converted into the equity investment.

This latest funding will be used to expand its shared services into Europe, beginning with Madrid.

Since forming 166 2nd Financial Services, Neumann has made about 15 investments in startups in Canada, Israel, the U.K. and the United States, including EquityBee, Moon Active and Peach Street.

However, this is Neumann’s first investment since he filed a lawsuit against Softbank Group for alleged breach of contract and breach of fiduciary duty for pulling a $3 billion tender offer for WeWork shares. SoftBank Group pulled its $3 billion tender offer for WeWork shares April 1, citing COVID-19’s impact on the business but also closing conditions not being met.

COVID-19, or more specifically changing consumer behaviors due to the pandemic, is largely what has driven Neumann’s investment in GoTo Global, according to a source familiar with the investment. Neumann isn’t speaking publicly due the lawsuit.

Neumann made the investment because he believes flexibility will be a key component in people’s lives post-COVID-19, the source said.

GoTo Global is just as bullish on its post-COVID future.

“Shared mobility, and transportation in general, was one of the industries hit hard by the economy lock-downs as people were required to self-isolate,” GoTo Global CEO Gil Laser said in a statement announcing the raise. “But we are the ones who made the come-back fastest, we are +12% back to pre-lockdown baseline. We understand that although on one hand shared transport may not seem to be the safest solution, on the other hand it is perceived as a safer option than a public transport and it is definitely a much cheaper option than an owned car.”

Continue reading
  34 Hits
Dec
25

Perception vs reality: How to really prepare for ransomware

Samantha Lee/Business Insider
Postmates' original pitch deck, put together by founder Bastian Lehmann, was leaked this week to Business Insider.The pitch deck makes clear Lehmann's broad ambitions for his startup; he wanted to created a general-purpose local courier service, not just a food delivery company.Lehmann ended up building one of the top food delivery companies in the space, outlasting competitors and raising $900 million in funding.Last week, Uber announced plans to buy Postmates for $2.65 billion.Visit Business Insider's homepage for more stories.

Long before Postmates became one of the top four food delivery services in the US and agreed to be purchased by Uber for $2.65 billion this month, it was little more than an idea for a low-cost courier service.

The concept originated with Bastian Lehmann, a German entrepreneur, whose efforts creating a social media company called Curated.by was struggling to gain interest from investors. Lehmann decided to pivot and focus on what he saw as a better opportunity — local delivery of goods. 

The company he created from that idea in 2011 — Postmates — clicked with consumers and VC investors, gaining popularity as one of the pioneering app-based services for restaurant food delivery. 

But in the early days when the market for restaurant delivery apps was not yet proven, Lehmann and his cofounders needed to convince venture capital investors that the idea had potential.

Postmates' first pitch deck — leaked to Business Insider this week, but put together by Lehmann before the company raised its first round of seed funding back in 2011 — shows Lehmann's broad ambitions to build a new kind of general purpose courier service.

At the time, according to the deck, Postmates was running a small trial in San Francisco. And food delivery was just one of multiple ideas for what Lehmann believed Postmates could provide. The headline on one slide reads "Why stop with one market?" and then lists nearly 30 different types of industries or products Postmates could eventually serve or deliver. A Postmates representative declined to comment on the pitch deck.

Lehmann's ambition paid off. He built a billion-dollar company that outlasted numerous competitors. Although he failed to lead his company through a hoped-for initial public offering, he sold his company to Uber this month at a valuation that's nearly three times the $900 million that was invested in the company over the years.

Here's the pitch deck Postmates used to raise its first seed round back in 2011:

Original author: Troy Wolverton

Continue reading
  31 Hits
Sep
22

September 28 – 369th 1Mby1M Mentoring Roundtable for Entrepreneurs - Sramana Mitra

VidMob, which started out as a marketplace connecting marketers and video editors, now bills itself as a “creative technology platform.” Now there’s a “creator network” that’s part of a broader suite of tools for managing video production and turning those videos into online ads.

And the company has continued to evolve during the COVID-19 pandemic. Founder and CEO Alex Collmer told me that how customers use the platform has changed substantially in recent months. For example, he said that one of the platform’s “best skills” involved taking existing footage — including footage shot for TV commercials — and other creative assets and turning them into social media ads. But of course, “Over the last few months, all physical shoots were canceled.”

So Collmer said that rather than simply treating VidMob as a social media advertising tool, brands are increasingly turning to the startup for a way to manage remote video production. The result is that the company saw 100% year-over-year “logo growth” (a.k.a. new customers) in the first quarter, and then grew another 50% in Q2.

“What we have seen here is the acceleration of the digital transformation of the enterprise,” he said. “Pretty much every client we have, every marketer we talk to is looking very seriously at how to move all their creative operations onto some sort of unifying software platform, so that they feel safe in the event that they continue to have to work in a remote environment, and to be more efficient with existing media.”

One of those customers is gin brand Monkey 47, whose brand lead Jennifer Schwartz said in a statement, “We have worked multiple times with VidMob as they quickly and efficiently help a lean and nimble brand like ours get out our message to millions of consumers.”

Another client is Citi, whose Chief Brand Officer Carla Hassan told me her team has been working with VidMob since last year. She said that as as a result of the pandemic, like many marketers, “We were required to really be flexible and adjust and scale programs quickly.”

For example, in response to the #InItTogether hashtag, Citi used VidMob to create a series of inspirational videos showcasing the work of its employees — such as Mihir in the video above, who was 3D printing protective equipment for his communities.

“As we thought about how we told the stories, we realized that your colleagues are some of the most important heroes that you have,” Hassan said.

According to Citi, the videos have been viewed nearly 250,000 times since the campaign launched in early May, with 80% of that viewing on LinkedIn.

And although dealing with the initial pandemic and shutdown was difficult enough, the news keeps coming, with protests for racial justice, a COVID-19 resurgence, resulting closures and more.

“We’re going to be in a period of uncertainty for a while, but to be honest, I see that as an opportunity,” Hassan said. “Brands who understand what their consumers want, brands who are tuned into the cultural zeitgeist, brands [who] pivot quickly to create content that is relevant and engaging and drive business KPIs … that will be what wins in the future.”

Similarly, Collmer said that in a period of uncertainty, brands need to respond more quickly, rather than simply falling silent: “Shutting up and going away is not a great way to position yourself.”

Update: This post has been updated to correctly identify the executive at Citi and to include a quote from Monkey 47.

Continue reading
  35 Hits
Mar
02

Movie: My Octopus Teacher

Major tech companies like Apple and Facebook are starting to send some employees back to the office.But public health experts warn that an office is an inherently risky environment for spreading COVID-19. especially as cases in much of the country, including in California, continue to rise.How a workplace will handle COVID-19 in its ranks is often left up to the company. There is little mandate from federal or state governments in how companies should deal with and communicate infections to employees, though there are guidelines.Federal and local health departments recommend employers notify workers who come in contact with an infected person and advise sick and potentially sick employees to stay home. There are no obligations to close offices or tell employees of a confirmed COVID-19 case among staff, should one happen.With so much of the response left up to businesses, the question becomes: What will your company do if someone gets sick?Melissa Perry, a public health researcher at George Washington University's Milken Institute School of Public Health, advises employers to be flexible about reopening and to do so on a trial basis. "It makes no sense to get entrenched in the decision to return no matter what, because that's putting people in greater risk," she told Business Insider.Visit Business Insider's homepage for more stories.

When tech's long-dormant offices begin to reopen their doors to employees, life will look significantly different. Gone will be the heaping self-serve buffets, the on-site massages, and the access to gyms and sleep pods. In their place will be boxed lunches, spaced-out desks, and temperature checks. 

Some companies, like Apple and Facebook, have already begun sending a limited number of employees back, allowing the rest of their workforces to continue working at home.

But with people planning to return to office buildings — where the virus can much more easily spread from person to person — it raises the question: What happens if an employee gets sick?

Right now, guidelines vary slightly by region for what an office has to do. At the moment, there are no mandates for employers to shut down, or even to tell employees that there's been a confirmed COVID-19 case among their colleagues. But as offices begin to reopen in the coming months, it's a question that every business will have to grapple with.

'A very easy route of transmission'

Google's headquarters in New York City. Alexi Rosenfeld/Getty Images

None of the major tech companies have plans to send all employees back to work right away — Twitter's Jack Dorsey has gone as far as to say that employees can work from home forever. Other companies have said workers won't be required back through the end of the year — in Facebook's case, Mark Zuckerberg recently told employees that eventually, as many as half of the company's total employees will likely work from home. Amazon isn't requiring workers return to the office until at least October. 

Still, many major tech companies have already made public their plans for reopening. At Salesforce, the company wrote a 21-page handbook of reopening guidance. CEO Marc Benioff told The New York Times that Salesforce's offices would be more "sterile" and "hospital-like" and that more light-hearted touches like trinkets on desks and "huge jars of gummy bears everywhere" would be eliminated. 

At Apple, which has been operating since May, the company is having employees work from the office only a few days per week and mandating temperature checks and providing optional COVID-19 tests. 

Almost across the board, tech firms are revamping their office designs, separating work stations and closing meeting rooms or other shared workspaces. While these changes mitigate the potential of spreading the coronavirus, they don't eliminate it.

Melissa Perry, a public health researcher at George Washington University's Milken Institute School of Public Health, points out that offices are inherently risky when it comes to spreading the virus.

"In the workplace, it only follows that if you're working in close proximity and handling objects and interacting closely with each other, it's a very easy route of transmission for germs, viruses, bacteria," Perry told Business Insider.

The decision to reopen those riskier spaces, Perry said, should be influenced by what's happening locally in terms of virus trends and transmission. In California, for example, the state has seen a recent surge in virus cases, particularly in Southern California. Last Tuesday, the state hit a record high of 9,500 recorded infections, the most on a single day since the start of the pandemic. On Monday, the governor said California would roll back reopening.

That surge in cases led Google, which had planned to start sending employees back July 6, to change its plans. Now, its US offices will stay closed until at least September 7. 

"If you're in a hotspot state, it really sends a strong message that [reopening] is not in the best interest of your workplace and in the best interest of the health of the population of the state," Perry said. 

Working in an office has already proven to be an easy way to spread the virus. In March, nearly half of all employees at a single call center in South Korea tested positive for COVID-19. A seating chart created by the South Korea Centers for Disease Control and Prevention showed just how easily the virus spread from person to person in the densely populated open-floor-plan office. 

That's not to mention situations like elevators, which are often unavoidable in high-rise office buildings in cities like San Francisco, Seattle, and New York, where many tech companies have headquarters. Elevators could easily spread the virus, especially "if they are crowded and people ride in them for a long time, like a minute or more, several times a day," Linsey Marr, an aerosol scientist at Virginia Tech, recently told Business Insider's Hilary Brueck and Shira Feder.

"The virus needs people to transmit between," Maria Van Kerkhove, the World Health Organization's technical lead for COVID-19, said during a press conference in May. "If people are in close contact with one another and you have an infected person, it will transmit to another person through these respiratory droplets."

But with coronavirus cases surging in some states and companies still planning to reopen, the question stops becoming if offices will reopen, and starts to become: What will companies do when offices reopen and someone gets sick?

Representatives for Google and Apple did not respond to multiple requests for comment on their reopening plans. Facebook declined to comment.

An Amazon spokesperson told Business Insider the employees who can work from home can do so until at least October 2.

"We are working hard and investing significant funds to keep those who choose to come to the office safe through physical distancing, deep cleaning, temperature checks, and the availability of face coverings and hand sanitizer," the spokesperson said.

Guidelines vary by region, but if someone in your office gets sick, there's no mandate to shut down — or to notify employees 

People gather inside painted circles on the grass meant to encourage social distancing at Dolores Park in San Francisco. JOSH EDELSON/AFP via Getty Images

If a worker contracts COVID-19 once they've returned to the office, employers have to decide how to manage the situation. The Occupational Health and Safety Administration and the Centers for Disease Control and Prevention recommend that employers alert anyone who may have come into contact with the infected person. But much of the responsibility of how to proceed lies with employers, who must determine who else to inform and how to tell them, what extra safety and cleaning measures to implement in the office, and whether they must shut down their offices completely — if at all.  

In places like the Bay Area, which was the first to issue stay-at-home orders in March, some office reopenings appear to be going forward as planned. Local officials have guidelines in place for offices, both in terms of changes to the physical spaces and how employers should communicate with the employees who return.

But even with these guidelines, a company's mandate for how to react isn't clear. Perry, the public health researcher, urges companies to be flexible with shutting down, but a lot of the decision is left up to company itself. 

Salesforce, for example, has come up with a response plan for what do if any employee tests positive for COVID-19. A company spokesperson told Business Insider that Salesforce would run a manual contact tracing program to determine who the infected person came in contact with, followed by a "hard closing": Every employee in the building will be notified of the positive case and either part or all of the office will be shut down. Salesforce won't allow any employees into the building until it cleans and disinfects the space. 

The spokesperson noted that even once the office reopens, employees will have to complete a daily wellness check in order to return to the office, and workers will still have the option to work remotely until the end of 2020. 

While Salesforce has opted to include an office shut-down in its plans, however, it's not required to by its local health department. In San Francisco, where Salesforce is based, the Department of Public Health has issued guidelines for what employers should do if an employee gets sick. The department advises employers to ask anyone who came into close contact with a person diagnosed with COVID-19 within 48 hours of symptoms developing to stay home for the two weeks following. Others working in the office should monitor themselves for symptoms and the office should be cleaned and disinfected, the department says. 

The department also created a one-page advisory sheet that can be distributed to workers at an office where an employee tests positive.

In New York City, where many Bay Area-based tech companies have offices, there is also no mandate for offices to shut down if an employee tests positive for the virus. The city's health department encourages employers to report a positive COVID-19 test to the city's Test and Trace Corps and to alert employees who came into contact with the infected person that they may have been exposed to the virus.

A quiet Times Square in New York City in July 2020. Tayfun Coskun/Anadolu Agency via Getty Images

In King County, Washington, where Amazon is based, the health department also doesn't require a reopened office to shut down after a positive COVID-19 test.

"In most cases, you do not need to shut down your facility," the health department advises. "If it has been less than 7 days since the sick employee has been in the facility, close off any areas used for prolonged periods of time by the sick person."

While healthcare and social service businesses should report cases to local officials, other type of businesses don't need to unless they think the virus may be spreading through their workplace. In all cases, employers may not reveal the identity of the infected person under federal law. 

OSHA does not advise employers to close down if a worker becomes infected — instead, OSHA's COVID-19 guidance for workplaces urges isolating a person who shows symptoms of the virus from other employees in a room with closed doors until that worker can be safely removed from the building. Employers should also provide masks to sick employees to help contain the spread of the virus, per OSHA. 

The CDC offers similar guidance, urging employers to isolate sick employees until they can be moved home or to a healthcare provider, but advising that it's unnecessary to shut down. Workplaces should then try to increase air circulation by opening doors and windows and disinfect any areas the infected person might have used. 

Perry, the George Washington public health researcher, said she thinks the best course of action for employers is to reopen their offices on a trial basis, not a permanent one, because organizations need to be flexible about staying open in such a "rapidly evolving situation." 

"It makes no sense to get entrenched in the decision to return no matter what, because that's putting people in greater risk," she said. 

"I'm just hopeful that the workplaces and the business leaders are being as mindful about the things that companies need to do, seeing their role in contributing to preventing further outbreak and further spread," Perry said. "They have a real role to play here, as we all do."

LoadingSomething is loading.
Original author: Avery Hartmans

Continue reading
  26 Hits
Mar
02

Beam raises $80 million for AI-driven dental coverage that rewards good hygiene

Jyoti Bansal founded AppDynamics during the 2008 recession — and sold it a decade later for $3.7 billion.He says the recession was good for AppDynamics, and give the startup focus during a tough economic period. Now Bansal is launching a new cybersecurity startup, Traceable, which searches applications' computer code for security issues.Bansal says persisting while rivals fade, bringing a product quickly to market, and improving the product with customers' is a winning formula.  Visit Business Insider's homepage for more stories.

Jyoti Bansal founded AppDynamics during the economic downturn of 2008. He thrived in the hard times, and got an offer many would have jumped at in a recession – to sell the company for $350 million. He turned the acquisition offer down, and in 2017 sold the company to Cisco for $3.7 billion (on the eve of AppDynamics' pending IPO, no less). 

Now he's launching a new startup – once again in the middle of a pandemic-besieged economy – with strategy for success in hard times that worked wonders before. 

This week Bansal is launching Traceable, a cybersecurity startup that focuses on apps and the code they use to connect with computer systems via application programming interfaces (APIs). The startup came out of stealth mode Tuesday with a $20 million Series A funding round from Unusual Ventures and BIG Labs, Bansal's own startup incubator. Bansal is joined by Sanjay Nagaraj, a former AppDynamics vice president, as chief technical officer and co-founder.

Why would a wealthy tech success story want to launch another startup during a challenging time? Because he says a recession can be the best thing for a startup — a lesson he learned in 2008.    

"We were a small startup with ten employees, zero revenue, and zero paying customers when  Lehman Brothers collapsed," he says of the failure of the investment banking giant, thought by many to have set off the 2008-2009 recession. The venture capital market froze and some of our competitors started running out of cash and shut down."

But that economic downturn helped his startup, Bansal says. "I actually feel that the recession was a great thing to happen to AppDynamics. It shaped who we were as a company."

Bansal's formula for launching a company at a tough time is to persist as competitors fade during hard times, focus on bringing a simple and effective product to market quickly, and work with customers to make sure the company is effective. Startups in downturns need to be "product-focused, scrappy, super-competitive and customer-obsessed," he says. 

"The primary lesson I have learned is to keep the organization focused on a few key things that matter. We are going to bring the same focused approach here at Traceable, recession or not."

He says his new company uses artificial intelligence to study how computer code is supposed to work in apps and APIs, where they connect to other programs. When a hacker tries to break into a system, Traceable notes the disruption in the code and alerts the company, suggesting a solution. 

"If you're on an online banking website, you don't care about the bank's computer network. You  care about that application that you're using, and whether it's secure," Bansal says. "That depends on the computer code, and it's a huge problem." 

The new startup counts Google's former head of security, Gerhard Eschelbeck, as an advisor. "The broad use of APIs in cloud-native applications has greatly expanded" security vulnerabilities, Eschelbeck says, and "until now, there hasn't been a solution."

What if Traceable blows up the way AppDynamics did? Will he finally take it easy? 

"Hey, I tried to retire," he says of the 2017 sale of AppDynamics. "My wife and I had a list of all the places we wanted to go. For six months we traveled. I got tired of beaches and started itching for a new challenge."  

Original author: Jeff Elder

Continue reading
  27 Hits
Mar
02

6 tips for SaaS founders who don’t want VC money

Netflix, the global leader in streaming TV, is having a moment now that more people are staying home.But it still faces pressure to hold on to its standing as legacy-media and tech rivals pursue their own streaming plays.Business Insider spoke with current and former Netflix employees, as well as industry experts, to identify the 56 most powerful executives leading key growth areas at the company.They include influential execs such as Chief Content Officer Ted Sarandos and new Chief Marketing Officer Bozoma Saint John, as well as some less familiar names, like Rochelle King, the vice president of creative production, and Ty Warren, the head of physical production.View Business Insider's exclusive interactive chart below.Click here for more BI Prime stories.

Netflix is having a moment now that more people are staying home.

The streaming-video service's global audience surged to 183 million paid subscribers in March. And Netflix's stock reached new heights in July as evidence from analysts and third-party data pointed to another strong quarter.

That was despite new rivals like Disney Plus, HBO Max, and Apple TV Plus, which dented Netflix's growth last year.

Netflix's past decade of unrivaled subscriber growth and an equally impressive stock climb forced legacy media to take streaming seriously or risk irrelevance and tech titans to vie for a piece of the streaming-TV pie.

By the end of 2020, Comcast, AT&T, and ViacomCBS will have unveiled new streaming strategies to challenge Netflix and keep up with the viewer shifts it spurred.

Business Insider spoke with current and former Netflix employees, as well as industry experts, to identify the 56 most powerful executives leading key growth areas at the company. Netflix has many leaders — not all of whom are included here — but this list gives an inside look at whom to watch in 2020.

Netflix declined to comment on this story.

At the top of the company is CEO Reed Hastings, who cofounded Netflix in 1997 as a hub for online movie rentals, oversaw its move into streaming video 10 years later, and drove the company to become the first truly global TV service.

Hastings' core leadership team includes influential execs like Chief Content Officer Ted Sarandos, who oversees the company's colossal content budget; Chief Product Officer Greg Peters, who is responsible for every aspect of the platform from its price to the option to turn off autoplay video; and Bozoma Saint John, Netflix's newly appointed chief marketing officer — and its third in the last year — who brings with her experience from Endeavor, Uber, and Apple Music.

There are also execs driving key initiatives within Netflix whose names might not be as familiar as those in its C-suite.

They include Ty Warren, Netflix's head of physical production who is adapting to TV- and film-production stoppages around the world; movie boss Scott Stuber, who is turning the company into a major player in Hollywood; top animation exec Melissa Cobb, who is helping Netflix compete with Disney Plus; creative production lead Rochelle King, who is managing one of the fastest-growing teams at Netflix this year; Vice President of Product Todd Yellin, who is pushing Netflix to evolve entertainment with new formats like "Black Mirror: Bandersnatch"; and Bela Bajaria, who is developing content for crucial international audiences.

Each leader plays their part to get people to spend more time with Netflix, which will be a key factor in keeping viewers around as new platforms launch.

"The real measurement will be time," Hastings said at The New York Times' DealBook conference in November. "How do consumers vote with their evenings?"

This chart is interactive. Click on "core team" to get the full list of names.

This post was last updated on July 14, 2020.

Do you have tips about working at Netflix? Email this reporter at This email address is being protected from spambots. You need JavaScript enabled to view it.. Email for Signal number.

Disclosure: Mathias Döpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member.

Original author: Ashley Rodriguez and Shayanne Gal

Continue reading
  28 Hits
Jan
28

The GameStop Phenomenon

When you buy through our links, we may earn money from our affiliate partners. Learn more.

Peacock is touting 15,000 hours of on-demand content at launch. Peacock NBCUniversal will launch it's new streaming service, Peacock, on July 15 with thousands of hours worth of TV shows, movies, original series, live sports, and news programs.While the basic version of Peacock is available for free, you'll need a Peacock Premium subscription to watch all of the platform's new exclusive shows and movies.Peacock Premium costs $4.99 per month or $49.99 per year.Below, we've included a brief synopsis for every Peacock original series and movie you'll find once the service launches on July 15.

After months of anticipation and a three-month early access period, NBCUniversal's ad-supported streaming service, Peacock, is finally ready to launch nationwide. Peacock will be available on July 15 with free, premium, and ad-free subscription tiers. The platform will compete with a growing field of on-demand services that includes the likes of Netflix, Disney Plus, Hulu, Amazon Prime Video, and HBO Max.

Peacock's catalog includes a mix of new and classic NBC shows, like "Saturday Night Live" and "Parks and Recreation," along with movies from Universal films and live events broadcast by NBC Sports. Premium subscribers will also have access to new shows that are exclusive to Peacock, including an adaptation of the classic novel "Brave New World," and the critically acclaimed British crime drama "The Capture."

How do I watch Peacock original shows and movies?

While a few of the originals will be available for free, you'll need a Peacock Premium subscription to watch the full selection of original series and movies.

Peacock Premium costs $4.99 per month or $49.99 per year. People who pre-order a Peacock Premium subscription can get a 40% discount if they sign up for a full year, dropping the annual price to $29.99.

The pre-order discount is available through July 14. Meanwhile, if you already subscribe to Xfinity internet or cable you get Peacock Premium for free with your current subscription.

However, Peacock Premium still has commercials. If you want to watch Peacock Premium without ads, you need to upgrade to the Peacock Premium ad-free plan for $9.99 per month or $99.99 per year. If you pre-order an annual Peacock Premium ad-free subscription, you can receive a 20% discount on your first year, bringing the price down to $79.99. This promotion will be available through July 14.

Below, you can find every original show and movie available on Peacock:

Original author: Kevin Webb

Continue reading
  27 Hits
Jan
28

Female-led startups dominate Catalyst Fund’s inclusive fintech 2021 cohort

The Trump administration recently said it's considering placing a ban on TikTok, the viral app with ties to China through its parent company, ByteDance.In the wake of the threatened ban, competing short-video apps — like Dubsmash, Byte, and Triller — have seen an uptick in their download numbers as TikTok users prepare to migrate to other platforms.The situation has also opened a window for tech companies, including YouTube and Instagram, to roll out new formats and features reminiscent of TikTok in the hopes they can eat into the app's dominance. Visit Business Insider's homepage for more stories.

The imminent threat of TikTok disappearing from the US thanks to the Trump administration's suggestion of a ban has signaled panic among users, and tech companies are taking advantage of the chaos to lure the app's loyal following to their competing platforms.

In just the past week, up-and-coming platforms such as Byte — a product of Vine's cofounder — and Dubsmash, best known for housing the original "Renegade" dance, have risen to the top of app charts. And more established tech giants including Snapchat and YouTube have debuted new features — all which heavily borrow from TikTok's short-form video and scrolling format. 

The day President Trump threatened to ban TikTok, which is owned by the Chinese company ByteDance, for what he said was punishment for the coronavirus, competing apps that have historically dwindled in TikTok's mainstream shadow saw their download numbers spike dramatically. Byte saw an 126% jump in downloads on July 8, and took No. 1 on the App Store's charts, after generating an average of 1,000 new downloads a day, according to data from app analytics firm Sensor Tower. Data provided to Reuters showed noticeable spikes in downloads for Dubsmash, Triller, and Likee. 

Established tech companies no longer see TikTok — with an estimated US userbase at as high as 80 million — as a rising startup, and instead recognize it as a worthy competitor. Big names like Facebook and Google had toyed with creating TikTok competitors in the past, but have only just recently started rolling out viable products. YouTube has started testing its in-app feature for short-form video with a "small group" of people, and developers have discovered Snapchat could be switching out its horizontal swiping motion for TikTok's signature vertical swipe.

Instagram, meanwhile, is currently testing a new TikTok-like format inside of Stories, called Reels, in select countries. Although Reels is not yet available in the US, Instagram told Business Insider it rolled out the feature last week in India — a country that makes up 30% of all TikTok downloads, and where the government recently banned new TikTok downloads amid a border dispute with China.

Although a ban on TikTok in the US may be nothing more than a threat, creators have formulated contingency plans, and are encouraging fans to follow them to other platforms. A timely glitch last week that briefly made video views and like counts reset to zero only added to the panic. 

Since TikTok came to the US in 2018, it's been a dominant force, outperforming US-based apps that have attracted younger audiences, like Snapchat and Instagram. The app has since faced scrutiny over how much access and influence the Chinese government is afforded over user data and content moderation. TikTok has been able to brush off lawmakers' calls for investigations and national security experts' warnings. In June, TikTok appointed a US-based CEO in June to try to distance itself from its Chinese roots.

Get the latest Snap stock price here.

Original author: Paige Leskin

Continue reading
  23 Hits
Jan
28

Coinbase is going public via direct listing

Earlier this month, Palantir, the secretive data analytics startup confidentially filed for an IPO, which has surprised some outsiders.But Palantir employees are "really itching to go public," said one former employee who spoke on condition of anonymity because workers are sworn to secrecy about company operations when they sign the startup's stringent non-disclosure agreements.Here's why Palantir employees want the company to go public, and why the descent of the coronavirus pandemic might have helped accelerate the IPO time frame. Visit Business Insider's homepage for more stories.


For 17 years, Palantir brushed off talk of going public, avoiding Silicon Valley's standard script for buzzy tech startups. Now with the coronavirus pandemic roiling the global economy, the company has decided the moment is right for a stock listing.

The timing may seem like a bit of a head scratcher. But according to recently departed employees that Business Insider spoke to, the pressure to go public from inside Palantir has become increasingly difficult for management to ignore — and the changes brought about by the pandemic may have even pushed the situation to the brink.

In company town halls, conducted over Zoom calls after the pandemic began, questions about the status of a potential initial public offering grew louder and more frequent, and there was a palpable sense that employees were growing restless, the sources said.

Employees "would ask a lot of questions about the IPO," and in response, the company said that it was moving the IPO "up kind of considerably," one of the Palantir alums said.

Staffers "are really itching to go public," the same source told Business Insider.

Like other tech companies, Palantir competes for the limited supply of elite engineers who can be snapped up by tech giants like Google, Amazon and Microsoft, which have much greater resources. One of Palantir's longstanding lures, the former employees said, was extravagant office perks, including fully stocked kitchens, in-house chiropractors, and company happy hours.

Those perks no longer carry the same weight as the pandemic has forced employees to work from their own kitchens and bedrooms.

And Palantir's mystique of being a secretive company isn't as enticing a draw as it was in the company's early days, especially with the company facing protests for some of its work. 

"The whole secret-sexy-tech-company-in-the-shadows brand made people want to work for us for a long time," one of the former employees said. 

Cofounded by Peter Thiel in 2003, Palantir makes technology that crunches through huge and disparate pools of data to find patterns. The company's eager promotion of its data-mining services to government agencies like the Department of Defense and Immigration and Customs Enforcement has made it an outsider among its Silicon Valley peers who tout progressive values. 

Earlier this month Palantir said it confidentially filed preliminary paperwork for a stock listing, though it did not specify whether it planned to go public through a traditional initial public offering, or through a direct listing, in which insiders can sell their shares on the open market but the company itself does not raise any money.

While Palantir has for years allowed its employees to sell their shares in the company to private investors, the scope and ease of sales, and the pricing, come with restrictions that employees would not be subject to if the shares were traded openly on the public markets.

Employees have reportedly struggled to sell their shares on secondary markets, according to BuzzFeed. More recently, the company has paid some employee bonuses in restricted stock units (RSUs), as Business Insider's Becky Peterson has reported. Current and former employees can sell their RSUs only after the company exits by going public or getting acquired.

Palantir was valued at $20 billion in a 2015 venture funding round, but the price of shares have decreased since then in private market sales. Earlier this year, secondary shares of the company regularly sold at a valuation between $8 billion and $12 billion, two investors told Business Insider in February.

LoadingSomething is loading.
Original author: Alexander Torres

Continue reading
  27 Hits
Dec
27

7 big tech companies hiring into 2023

Amazon Web Services CEO Andy Jassy laid out details about what the company looks for in the people it hires and what it expects from employees, during a speech at a recent conference. The company, he said, hires "builders," or people who are hungry to find problems and fix them.Jassy also referred to Amazon's No. 1 leadership principle — customer obsession — and indicated that AWS employees start with trying to imagine what the customer wants and work backward.He also said AWS wants people who take chances and work on new initiatives and that the company needs to be able to "tolerate failure" to help those people thrive.Are you a current or former Amazon Web Services employee? Contact this reporter via encrypted messaging app Signal (+1-425-344-8242) or email (This email address is being protected from spambots. You need JavaScript enabled to view it.).Visit Business Insider's homepage for more stories.

Andy Jassy, the CEO of Amazon's multibillion-dollar cloud business, recently described the traits that make up an Amazon Web Services employees, including a hunger to find problems and fix them, a desire to take chances on new initiatives, and a focus on the customer.

While the coronavirus crisis has prompted cloud competitors such as Microsoft and Google to freeze hiring for certain parts of the business, AWS as recently as late April said it hadn't paused hiring for any roles — although the company hasn't provided an update since.

Speaking recently at an energy-industry conference called CERAWeek, which released a video of the talk on Tuesday, Jassy provided insight into what the company looks for in AWS employees. AWS has yet to respond to a request to provide more information.

Be a 'builder,' or someone who is hungry to find out what's wrong with the customer experience and fix it.

"If you hire people who are content moving slow and operating in an incumbent pace, you will move slow," Jassy said.

AWS wants to hire "builders," he said, explaining that AWS is looking for "those who like to invent, but also those who look at a customer experience and try to figure out what's wrong with it and then have this hunger to change that and to reinvent that."

Jassy has spoken about the idea of "builders" before. During the AWS Summit Online in May, Jassy described builders as people who realize the launch of a new product or services is just the beginning. "Nothing that we build that lasts forever — that's great — actually happens right at launch," he said in May.

Be prepared to think through a 'customer lens.'

Amazon is "unusually focused on customers," Jassy said. The company is well-known for its "customer obsession" mantra. It's No. 1 on the company's list of leadership principles, which it uses to make hiring decisions.

"Leaders start with the customer and work backwards," the principle says. "They work vigorously to earn and keep customer trust. Although leaders pay attention to competitors, they obsess over customers."

As the leadership principle suggests, Jassy said AWS approaches everything it builds by starting with the customer and moving backward. 

"If you sat in our product development meetings you would see that it's almost like the customer sitting at the table," Jassy said. "It's always with a customer lens on it. It's easy to talk about being customer focused and a lot harder to actually execute on that."

Don't be afraid to work on new, risky projects.

Amazon wants employees who take chances and work on new initiatives, Jassy said. It's up to the company to create an environment for that to happen, which he said starts with being able to "tolerate" failure.

"None of us like failure at Amazon," Jassy said. "But if you don't allow people to take chances and have an opportunity, if it doesn't work out, to be able to move on to something great, it's a self-fulfilling prophecy: None of the good people work on the new things because it will be too risky."

Got a tip? Contact this reporter via email at This email address is being protected from spambots. You need JavaScript enabled to view it., message her on Twitter @ashannstew, or send her a secure message through Signal at 425-344-8242.

Original author: Ashley Stewart

Continue reading
  23 Hits
Dec
27

The hottest IT skills for 2023 – even in a recession

The biotech Moderna developed a potential coronavirus vaccine in record time, zooming past Big Pharma competitors.Stephane Bancel, the company's CEO, sat down with Business Insider to discuss the technology platform that drove its speed and how the company hopes to pioneer a new way of developing vaccines. "The speed is one dimension, but the piece that excites me the most about this technology is we can do vaccines that cannot be done using traditional technology," Bancel said in an interview.In July, researchers published results from testing Moderna's experimental vaccine in 45 people. The study showed the vaccine generates an immune response that could protect people from the coronavirus, but more research is needed.Now, Moderna is gearing up to test the vaccine in a 30,000-person study that's scheduled to start in July.Here's the inside story of how Moderna went from waiting for the virus to be sequenced to shipping a vaccine in 42 days, available exclusively to BI Prime subscribers.

NORWOOD, Massachusetts — Stephane Bancel was vacationing in the south of France with his family when he first read about the virus.

It was early January when the biotech executive saw a Wall Street Journal article describing a "mystery virus outbreak" in central China. He sent an email about the story to Dr. Barney Graham, the deputy director of the Vaccine Research Center at the National Institutes of Health. 

Graham said the agency didn't know what the virus was yet. A few days later it did: a novel coronavirus. Bancel asked the NIH leader to let him know when they had the virus' genetic sequence. His company, Moderna, was ready to get to work.

As the virus spread in January and February, about 100 employees at Moderna, about one-tenth of the company's workforce, worked around-the-clock to develop a coronavirus vaccine. The stakes couldn't be higher: the virus has proliferated around the globe, shuttering economies and killing 265,000 people. 

Moderna shipped the first batches of a vaccine to the NIH on February 24, just 42 days after it received the virus' genetic sequence. It will take at least 12 to 18 months to know if Moderna's vaccine — or any others — is safe and effective, though Moderna is working to compress that timeline as much as it can. The company has said the vaccine could be ready for emergency use by this fall.

In July, researchers published the first results from testing the vaccine in people. A small study of 45 healthy volunteers, focused on evaluating the safety of the vaccine, found that the vaccine generated an immune response in all of the participants. Now, Moderna is planning to start a 30,000-person trial to find out if the vaccine works to prevent the coronavirus.

The journey shows how, under the brightest possible spotlight, Moderna is challenging the lengthy and costly process of vaccine development. The company has never before brought a vaccine to market, and a victory would help establish its technology as a new medical innovation and save lives.

This article was published in March and has been updated. Lydia Ramsey contributed reporting.

LoadingSomething is loading.
Original author: Andrew Dunn

Continue reading
  22 Hits
Dec
27

How 2022’s most influential games will change gaming in 2023

PowerPoint is an incredibly useful tool for giving presentations. With the click of a button, you can control how fast or slow you want the slides to progress, and when other extras like music or animation come in. 

However, if it is not your intention to give your presentation live and in person, this fact can be more of a hindrance than a help. If you intended, for example, to email it to your coworkers, or to post it online, it might be more helpful to simply have your PowerPoint be a video that people can press play on and simply sit back and watch.

Luckily, this is something that the Microsoft Office team has already thought of, and they make it just as easy to save your PowerPoint as a video as it is to save it regularly. 

Check out the products mentioned in this article:

Microsoft Office (From $149.99 at Best Buy)

Microsoft Office 365 (From $69.99 at Best Buy)

How to save your PowerPoint as a video

1. First, save your presentation to be sure that all of your most recent work is reflected in the most current file for your presentation.

2. From the main menu, click "File," then click "Export" on the left hand side.

3. In the "Export" menu, select "Create a Video."

Under "File," go to "Export" and click "Create a Video." Melanie Weir/Business Insider

4. Choose the quality you want for your video — the descriptions beneath each option will describe what they're best optimized for.

Select your preferred video quality. Melanie Weir/Business Insider

5. Optional: If you want to use recorded narrations with timings, you can choose to use ones that already exist — if you have them — or choose to record them now, using the dropdown menu. Doing this will make whatever you record play over the video as it plays. If you don't want to use narrations, leave this setting and skip to step 6.

Choose whether to use recorded narrations. Melanie Weir/Business Insider

6. Choose how many seconds you want the video to spend on each slide. Make sure you account for the longest slide in the show, to make sure your audience has time to read everything.

Choose how many seconds the video will spend on each slide. Melanie Weir/Business Insider

7. Click "Create Video" to save the new PowerPoint video to your computer.

Insider Inc. receives a commission when you buy through our links.

Original author: Melanie Weir

Continue reading
  24 Hits
Aug
11

The US Government must work with tech companies if it wants to remain competitive in AI

TikTok has more than doubled its employee headcount in the first five months of 2020, according to data compiled by LinkedIn.While the short-form video app has recently faced increased scrutiny from politicians in the US and abroad, its user base continues to grow rapidly. The company is staffing up its business development team this year, adding 483% more employees in business functions over the last 12 months, according to LinkedIn's analysis.Visit Business Insider's homepage for more stories.

TikTok has sparked controversy in recent weeks. The app was blocked in India and faces a potential ban in the US due to privacy and security concerns tied to its owner, China-based ByteDance.

But the app's primary user base doesn't seem to mind.

TikTok has continued to explode in popularity this year, setting a global downloads record in the first quarter. And based on data from a sample of Android users, the analytics firm SimilarWeb estimates the app's number of daily active users in the US is up 8.3% this month from June.

The company has also been accelerating its hiring — including poaching Disney's former head of streaming services Kevin Mayer — as it looks to make money off its fast-growing user base.

TikTok has more than doubled its global employee head count this year, according to data compiled on July 2 by LinkedIn. The company's headcount hit 4,413 employees in June 2020, up from 1,824 in December 2019. Its parent company ByteDance more than tripled its employee count in the US between June 2019 and June 2020, the company told Reuters.

Shayanne Gal/Business Insider

One area that the company is focusing on when adding employees is its global business solutions team, which focuses on roles that TikTok needs to earn revenue — namely sales and marketing jobs. The number of employees at TikTok focused on business development has jumped 483% over the past year, according to LinkedIn's analysis. Marketing was the company's second fastest-growing employee category, with marketing hires rising 143% over the past year. 

"We're growing really quickly," Kate Barney, the head of HR for TikTok America's global business solutions team, told Business Insider last month. "There's a ton to do, and we're looking for people who are going to dive in headfirst like the rest of us have."

The company has hundreds of current job openings for roles in cities like New York, Los Angeles, Chicago, and Austin, where it recently opened a new office.

"The center of this global business team is in New York, but we also hire in Chicago, LA, San Francisco, Austin, Seattle, and Toronto," Barney said.

One of the first things TikTok's recruiting team screens for is whether applicants have actually carefully read through a job description.

"I think as a tip for candidates, it's really to do their homework," she said. "We post the roles that are open, so read that role that you're applying to, and see if you can find anybody else on LinkedIn or anywhere who's doing that role now, and ask them about their experience."

Read more tips on how to get a job at TikTok from Business Insider's interview with Barney here:

A TikTok HR exec breaks down how to get a job at the tech company, from landing an interview to demonstrating 'ByteStyle'

Kate Barney. Christian Carroll/TikTok.

TikTok's month-over-month employee growth rate falls in line with a recent spike in downloads of its app, according to data from the app-analytics firm Sensor Tower. 

The company set a new quarterly downloads record after driving 315 million installs across Apple's App Store and Android's Google Play in the first three months of 2020. The company added 879 new hires over the same period, a 48% increase in its employee headcount, according to LinkedIn data.

Shayanne Gal/Business Insider

In recent months, the app has benefited from a sharp increase in engagement on social media among consumers sheltering in place during the coronavirus pandemic.

"Obviously everyone's home and they have more time, so engagement is through the roof," Paul Marobella, chairman and CEO of Havas Creative North America, told Business Insider in April. "TikTok has surged at the moment and gone up in age because people are tuning out news sources. Everybody's looking for an outlet of joy and optimism."

For more coverage on TikTok, read these other recent stories on Business Insider: 

Original author: Dan Whateley

Continue reading
  27 Hits
Dec
24

Top 5 stories of the week: Visions of AI and security danced in readers heads

"PSYC 240: Designing for the 2 Billion Leading Innovation in Mental Health" and its follow-up course "PSYC 242: Mental Health Innovation Studio: Entrepreneurship, Technology, and Policy" are the first university courses on mental health innovation. The courses, led by the Stanford Brainstorm Lab in the School of Medicine, were designed to empower students to tackle contemporary challenges related to the US mental health crisis with innovative solutions through curiosity, creativity, and strategy.Students and staff told Business Insider the course is a combination of studying the nuances of mental health, learning from innovators, CEOs, and practitioners in the space, and coming up with your own idea for a startup company or product.The classes have bred leaders like Ariela Safira — founder of women's mental health studio and digital platform Real, which raised $3.5 million in funding — and Max Savage, founder of Altas Mental Health, a wellness journaling app funded by Sequoia Capital Scouts and Kleiner Perkins.Visit Business Insider's homepage for more stories.

Over 47 million adults in the United States reported having a mental illness between 2017 and 2018, and of that 47 million, about 11 million reported having serious mental disorders. 

In a recent survey conducted by the Kaiser Family Foundation, nearly half (45%) of adults reported that their mental health has been negatively influenced by stress and worry around the coronavirus. 

There's no doubt that the pandemic is catalyzing a mental health crisis — and low clinician-to-patient ratios, varying levels of stigma, late diagnoses, increased costs, and more prevent traditional healthcare systems from tackling this issue effectively. 

That's why the Stanford Brainstorm Lab at Stanford's School of Medicine created "PSYC 240: Designing for the 2 Billion Leading Innovation in Mental Health" and "PSYC 242: Mental Health Innovation Studio: Entrepreneurship, Technology, and Policy" in 2017 and 2020 respectively. The sister courses are designed to equip the next generation of entrepreneurs with the skills and strategies to create companies, tools, and technologies to improve mental healthcare. 

These are the first ever university courses on mental health innovation, covering the fundamentals of patient challenges and needs, the healthcare system, and human-centered product design.

The course is spearheaded by faculty from Brainstorm: The Stanford Lab for Mental Health Innovation, the world's first academic laboratory dedicated to transforming mental health through innovation and entrepreneurship, and taught by four psychiatrists and experts of mental health technology and innovation: Dr. Nina Vasan, Dr. Gowri Aragam, Dr. Neha Chaudhary, and Dr. Steven Chan. 

Students brainstorming. Nina Vasan/Brainstorm Lab

In the course, faculty highlight that different communities need different levels of care, the diversity of biological, psychological, and social issues that people can face, and how to meet people where they are by personalizing treatment and delivery needs. At the end of the course, students have a final assessment where they have to pitch their company idea and business plan to a "Shark Tank"-style panel of industry leaders and course instructors.

"In speaking with students as well as startup CEOs, engineers, investors, and other stakeholders who were a part of early-stage ventures, we saw that there was a lot of passion to improve mental health, but most people did not have the exposure to mental healthcare to understand the nuances of the patient experience or the healthcare system. As a result, they were building products that were not addressing the right problem in the right way, and ultimately were not leading to changes in patient outcomes," Vasan, founder and executive director of Stanford Brainstorm, said.

The teachings of this course have driven student-led companies with over millions of dollars in funding, such as women's mental health studio and digital platform Real — which is funded by the Female Founders Fund — by Ariela Safira, class of 2017.

"As a clinician, Dr. Vasan validating me to start a mental healthcare company inspired me to think far bigger than an app or an Apple Watch feature," Safira told Business Insider. "I realized I could evolve mental healthcare by building in-person and virtual therapy clinics, hiring clinicians, and reinventing both training and therapy."

Who's eligible to take the course

Stanford students from all academic disciplines as well as entrepreneurs, engineers, and venture capitalists from the Bay Area are welcome to take this quarter-long course. Non-Stanford affiliates have to apply for a permit to attend and pay the Permit to Attend tuition fee, currently listed at $5,291 for this class.

Guest speaker Set Shakur, president of the Tupac Shakur Foundation. Steven Chan/Brainstorm Lab During the course, student teams are assigned a challenge or problem to solve, such as "How might we improve access and engagement to mental healthcare in racial/ethnic minority populations?" "How might we increase adoption of innovative mental health tech in hospital systems and among doctors?" "How might we detect, prevent, and protect against suicide in veterans?" and "How might we help women get perinatal mental health treatment while integrating back into the workforce?" The teams are then paired with Stanford faculty members who served as mentors and advisors for their project, and each team is required to have members from different graduate programs or undergraduate majors to facilitate the interdisciplinary thinking and problem solving that's the foundation for the Stanford Brainstorm framework. 

PSYC 240 handles the nuances of the mental healthcare industry 

Studying mental health requires looking outside the bounds of the traditional healthcare system, Aragam, course director and Stanford Brainstorm's director of education, said. 

"Unlike other fields of medicine where you can rely on lab values or purely objective data to define your targets, you can't see and feel mental health in the same way," Chaudhary, an instructor and Stanford Brainstorm's chief research officer, added. "Many mental health startups end up failing because of this lack of a clear understanding of the problem in mental health."

Dr. Vasan and Dr. Aragam work with students. Steven Chan/Brainstorm Lab

Chaudhary emphasized the importance of learning from other innovator's mistakes as they designed this part of the course.

"Many innovators start by targeting the wrong customer," Chaudhary said. "Here, the end user is not always the customer. We've seen interventions for kids that may not be used or bought by healthcare providers or even parents, but that may be bought by schools or even health plans who are invested in early intervention to keep later costs down and improve outcomes."

After extensive internal market research and experience consulting for mental health startups, the Brainstorm team saw that mental health products created by actual clinicians themselves may be backed by scientific rigor, but lack understanding of effective product design and delivery and have unsustainable business models. Meanwhile, business and tech innovators that create mental health products generally have compelling designs that attract and engage consumers, but lack scientific rigor and an understanding of the problems that need to be solved.

"We wanted to make sure our students knew the nuts, bolts, and nuances of what it means to be mentally and emotionally healthy straight from the perspective of psychiatrists — before they started to build," Chaudhary said. "We walked them through what the mental health system looks like, who the stakeholders are, and what the illnesses and their solutions look like clinically. We then illustrated how this information could be applied beyond the healthcare system, especially using innovative tools."

Max Savage, class of 2017, took the course, which provided him a foundation for his mental health startup, Altas Mental Health, a wellness journaling app funded by Sequoia Capital Scouts, Kleiner Perkins, Reach Capital, UP2398, and a number of others. Since publicly launching the app this March, they've been able to support over 75 schools across the country for free through their Stand with Schools Initiative, as millions of teens are struggling to adjust to school closures and the uncertainty of COVID-19.

"At the time, mental health tech was like the Wild West, an open frontier that offered the chance to provide real social impact in a space of great need. To this day, it's still a tricky space," said Savage. He added, "PSYC 240 helped 21-year-old me see a lot of things that worked and a lot of things that didn't work, which helped us better position our company to play in a space that maximizes social impact and financial viability."

And combines that with tech innovation

PSYC 240 brings in industry experts so that students can learn about the successes of other initiatives while designing their product. Guest lecturers have included Tom Insel, founder and president of Mindstrong Health, Set Shakur, president of the Tupac Shakur Foundation, Antigone Davis, global head of user safety at Facebook, and Dennis Boyle, health lead at IDEO. 

Guest speaker Tom Insel with students. Steven Chan/Brainstorm Lab

Anika Sinha, a junior at Stanford University, said that Dennis Boyle was her favorite guest speaker and introduced her to the concept of design thinking. Boyle led the class through a five-minute brainstorming sessions where, in groups, they wrote ideas on a sticky note to solve a particular mental health issue and then shared what they came up with as a team.

Dennis Boyle with students. Nina Vasan/Brainstorm Lab

Anika Sinha's group proposed to change the algorithm of the "explore" page on Instagram to not be so tailored to an individual's searches or hashtags. If these images promote poor body image, they can create a negative feedback loop for a user who may suffer from or be at risk of developing an eating disorder. 

So, her team suggested that there can be more body-positive posts promoted to counteract the harmful searches someone with an eating disorder might engage in. Her proposed product later entailed the The Healthy Student Body Initiative, a program that enhances students' access to scientifically-valid educational information on eating disorders and available resources and reduces the friction involved in accessing the appropriate level of care. 

"Design thinking helped us design our project because it pushed us to think of the missing links in eating disorder apps," she said. "We wanted to create something geared toward college students, given the much higher rates of eating disorders within adolescents and athletes."

Anika Sinha (right wearing black) brainstorming with group and Dennis Boyle. Steven Chan/Brainstorm Lab

Faculty of the course believe that technology has the potential to disrupt the current healthcare system and more effectively tackle the modern mental health crisis.

"If you look at the current mental health system, much of it was built in pieces based on a variety of things like the year's legislation, local preferences, and available humanpower," said Chan, a course instructor of PSYC 240 and faculty affiliate of Stanford Brainstorm.  "And a big criticism of the field of behavioral health is the difficulty in navigating this 'system.' Harnessing engineering talent and connected technologies would ease access and approachability issues for mental health."

Original author: Anika Nayak

Continue reading
  23 Hits