Sep
28

369th Roundtable For Entrepreneurs Starting In 30 Minutes: Live Tweeting By @1Mby1M - Sramana Mitra

Researchers analyzed Donald Trump and Joe Biden's 2020 campaign apps.Trump's asks for access to much more of the user's personal data than Biden's, including location and Bluetooth data.The software for Trump's app is being developed by a company known for specializing in targeting people using location data.Visit Business Insider's homepage for more stories.

Researchers have analyzed President Donald Trump and Democratic presidential candidate Joe Biden's 2020 campaign apps. Of the two apps, Trump's hoovers up far more of its users' data.

Jacob Gursky and Samuel Woolley of the University of Texas' Propaganda Research Team analyzed both apps and wrote about their findings in the MIT Tech Review.

According to Gursky and Woolley, Trump's app launched in mid-April and has garnered 780,000 downloads. Broadly speaking the app allows users to engage with the Trump campaign, enabling people to sign up to volunteer, get tickets for events, and livestream the president's rallies. 

It also has a "social" and "news" tab which provides a curated feed of tweets and articles, some of which don't cite their source and don't have bylines saying who wrote them. Headlines include "Top 8 Moments from Joe Biden's Embarrassingly Disastrous, Epically Boring Livestream" and "Media Continue to Spread Debunked Theory About Tear Gas." 

Biden's app meanwhile, called Team Joe, is more specifically geared towards getting users to campaign for Biden to their contacts. "The Team Joe app is an organizing tool that allows you to text your friends in support of Joe and get updates from the campaign," the app's description reads on the Play Store. "We'll let you know which of your friends and family members we're hoping to talk to. You can then text them directly to share campaign updates, ask questions, and gather their thoughts on the 2020 race on behalf of our campaign!"

The key difference between the two apps identified by the researchers is this: Trump's app has a much longer list of permission requests than Biden's. "It wants to read your contacts and know your precise and approximate location (GPS and network based). It requests the ability to read your phone status and identity (a vague permission that sometimes gives access to unique device numbers), pair with Bluetooth devices (such as geolocation beacons), and perhaps read, write, or delete from SD cards in the device," the researchers write.

Gursky and Woolley make a particular point of the app's requests for Bluetooth permissions. Increasingly Bluetooth is being used to target people with advertising based on a specific location. A technology called Bluetooth beacons can be stationed somewhere and used to target people who walk past them. Beacons have been used near churches to target congregations with political advertising, and even inside yard signs.

Not only can beacons be used to target people who walk past, they can be used to build up profiles which can then be sold on to third parties. "[Apps] are plugged into different marketplaces, so if you open up Facebook or Google Maps or Candy Crush, even though you didn't explicitly do anything — if you have location access enabled on those apps, that app will record your location at the instance you opened that app, and then that information can be sold to a third party," an unnamed political consultant told the researchers.

One of Gursky and Woolley's team also found the app was built on an older version of Android's operating system which has fewer privacy protections. In May it was announced that a company called Phunware, a campaign advert targeting company known for using location data, would be providing software to update the app.

Original author: Isobel Asher Hamilton

Continue reading
  28 Hits
Sep
28

Varsity Tutors acquires First Tutors in the UK to start expanding internationally

The Daily Beast has identified Sergey Brin as the sole donor to a secretive disaster-response charity called GSD.GSD sends its staff, many of whom are ex-military, to disaster areas around the world on a super-yacht called "Dragonfly."It now says it is helping with COVID-19 testing in California.Visit Business Insider's homepage for more stories.

Sergey Brin, Google cofounder and world's eighth-richest person, has a secret disaster-response team according to a report by The Daily Beast.

The Daily Beast's investigation found Brin was the sole donor to a disaster charity called Global Support and Development (GSD). The Beast identified Brin as the company's sole donor through a California court filing.

The company, almost half of whose staff are ex-military, arrives at disaster areas on a superyacht called "Dragonfly" to clear debris and use high-tech solutions to assist victims. GSD is headed up by Grant Dawson, an ex-naval lieutenant who was one of Brin's personal security detail for years.

The idea for GSD was apparently sparked in 2015 when the yacht's captain was sailing past Vanuatu, which had just been hit by Cyclone Pam. The captain contacted Brin to ask if anything could be done to help, and Brin in turn got in touch with Dawson.   

Dawson said in a speech in 2019 about GSD: "So I grabbed a number of Air Force para-rescue guys I'd been affiliated with from the security world, and a couple of corpsmen out of the [Navy] Seal teams [...] We raided every Home Depot and pharmacy we could find and on about 18 hours' notice, we launched."

The Daily Beast reports GSD now has 20 full-time staff plus about 100 contractors working for it.

The Daily Beast reports that, like at Google, GSD's employees enjoy perks including strawberry ice cream and fresh laundry aboard the superyacht while working in disaster areas. As well as military-trained staff the charity has access to sophisticated technology including drones and sonar mapping.

Since 2015 GSD has assisted during several disasters including hurricanes, earthquakes, and volcanic activity. Now the company says it is helping during the coronavirus pandemic by helping set up testing in California. 

"GSD provided operational support to stand up the first two drive-through test centers in California and planning and logistic support for other test centers as they opened across the state," GSD says on its website. "Our paramedics and support staff also partnered with the Hayward, California Fire Department to perform more than 8,000 swab tests at their drive-through test site and local eldercare facilities," it adds.

Rob Reich, co-director of Stanford University's Center on Philanthropy and Civil Society, told The Daily Beast that disaster relief is good work, but it shouldn't be secretive. "There should be an expectation of transparency, to understand how his charity interacts with existing efforts at disaster relief, and so we citizens can examine whether it's consistent with what democratic institutions want to accomplish," said Reich.

GSD did not respond on the record to The Daily Beast, which was unsuccessful in trying to contact Brin personally. GSD was not immediately able to respond to Business Insider.

Original author: Isobel Asher Hamilton

Continue reading
  50 Hits
Jun
22

Taiwanese startup Deep01 raises $2.7 million for its AI-based medical imaging software

Deep01, a Taiwanese startup that develops software to help doctors interpret CT brain scans more quickly, announced today that it has raised $2.7 million. The funding was led by PC maker ASUSTek.

Deep01’s product has obtained clearance from both Taiwan and the United States’ Food and Drug Administrations, and the company received its first purchase order, worth about $700,000, in February.

Other investors included the Digital Economy Fund, which is co-funded by Taiwanese research organizations Industrial Technology Research Institute (ITRI) and the Institute for Information Industry (III), and BE Capital.

Deep01’s software is currently used in two medical centers and four hospitals in Taiwan and has already helped doctors check more than 2,000 brain scans.

Created for use by emergency departments, Deep01 says its software can detect acute intracerebral hemorrhage with an accuracy rate of 93% to 95%, within 30 seconds.

The startup was launched in 2016 by founder and CEO David Chou, who earned his master’s degree in computer science at Carnegie Mellon University and was a Harvard University research fellow at Massachusetts General Hospital between 2018 and 2019.

In a press statement, Albert Chang, ASUS corporate vice president and co-head of its AIoT Business Group, said “Deep01 is a leading startup in the AI medical area. The collaboration is promising for smart medical applications.”

Continue reading
  27 Hits
Aug
17

Treasury minister: 'Significant appetite' for UK investment as Dutch insurer Aegon signs £160 million Funding Circle deal

Facebook Chairman and CEO Zuckerberg testifies at a House Financial Services Committee hearing in Washington, D.C., on October 23, 2019. REUTERS/Erin Scott

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

Brands including The North Face, REI, and Talkspace have halted their paid advertising on Facebook after a boycott campaign led by US civil rights groups. Facebook has come under fire for refusing to moderate posts by President Trump that threatened Black Lives Matters protesters with violence.Business Insider spoke with 11 former Pinterest employees who said that despite the company's upbeat product, it was a toxic and difficult place to work. Multiple Black people who had worked on Pinterest's ad sales team say they were fired or "pushed out" of the company with no real explanation, while others say they were yelled at by managers.Apple's WWDC is coming up on Monday, where the company is expected to announce new features for big products like the iPhone and Apple Watch as well as new products. Apple's next big iPhone update, likely called iOS 14, is expected to bring a new home screen layout, the ability to set third-party apps as defaults, and other new features.Apple heads into WWDC under continued scrutiny over its App Store policy of charging developers a cut of their in-app purchases. Developers argued that the App Store is monopolistic and that the store doesn't provide much value.TikTok teens claim they tanked Trump's comeback rally in Tulsa by reserving thousands of tickets then not showing up. In a viral TikTok meme, teenagers have posted images of Trump rally reservation tickets while dancing to the "macarena" pop song. Trump campaign manager Brad Parscale rejected reports however that a social media campaign led to the rally's lower than anticipated turnout. Just 6,200 people showed up at the rally, according to the Tulsa Fire Department, but Parscale claimed hte low turnout was down to media fearmongering over COVID-19 and protests.Snapchat removed a Juneteenth filter asking users to 'smile' to break chains. Like many other Snapchat filters, the Juneteenth filter promoted users to smile, after which chains appeared and then broke in the background of the filter. Apple is re-closing some stores in states such as Arizona, South Carolina, North Carolina, and Florida, the company said on Friday. Such states have seen upward trends in COVID-19 cases, according to Johns Hopkins University.Facebook and Twitter removed a Trump post featuring a doctored viral video of a Black toddler and a white toddler, after receiving copyright complaints from one of the toddler's parents. The copyright complaint appears to have been filed for Jukin Media, a company well-known for quickly snapping up the rights to viral videos.Nextdoor, the local social networking platform, announced it was ending a feature that allowed users to share their concerns directly with local law enforcement. The site has faced years of criticism that its close relationships with local authorities that are accessible through the app amplified unfounded concerns and racial profiling by its users.

Have an Amazon Alexa device? Now you can hear 10 Things in Tech each morning. Just search for "Business Insider" in your Alexa's flash briefing settings.

You can also subscribe to this newsletter here — just tick "10 Things in Tech You Need to Know.

Original author: Shona Ghosh

Continue reading
  22 Hits
Jun
21

The evolution of the Corvette from America's sports car to a global powerhouse

For almost 70 years, the Chevrolet Corvette was a front-engined sports car.It was a great performer, but was missing that one last element that'd make it competitive in the global sports-car market.The 2020 Corvette is now mid-engined and a worthy international competitor.Visit Business Insider's homepage for more stories

Despite the generous offering of American muscle cars available to buyers today, there's only one considered to be America's sports car. That car is the Chevrolet Corvette.

The Corvette is currently in its eighth generation — and for the first time in its 67-year history, it finally has the setup that makes it competitive with the likes of the European supercars. 

See, for the first seven generations, the Corvette stuck with a very traditional, front-engine layout, meaning its engine was located in front of the driver. Of course, there's nothing inherently wrong with a front-engine setup, but it's also a setup that very pedestrian cars like Toyota Camry also have. 

In racing and with supercars, a mid-engine layout is generally much more preferred. A mid-engine layout is when the engine is located behind the driver and between the car's front and rear axles. Generally, mid-engine cars offer improved balance and handling because the heaviest part of the car — its engine — isn't located on only one end. 

For decades, talk of a mid-engine Corvette flitted about the automotive industry. Years went by and nothing concrete ever came of it. The "mid-engine Corvette" sort of became an automotive tall tale. 

Those rumors were finally laid to rest with the eight-generation Corvette, also known as the "C8" generation: the mid-engine Corvette, actualized. America's sports car had finally grown up and was ready to take on the global performance segment.

How did we get here? Why does the C8 matter? Dear reader, keep scrolling to find out.

Original author: Kristen Lee

Continue reading
  23 Hits
Jun
21

Thought Leaders in Healthcare IT: IntelyCare CEO David Coppins (Part 1) - Sramana Mitra

This is a very important conversation about how unemployed retail workers can find their way to retraining and re-employment in the healthcare sector with the aid of technology. Sramana Mitra: Let’s...

___

Original author: Sramana Mitra

Continue reading
  28 Hits
Jun
21

Former Pinterest employees say that despite the company's upbeat product, it was a toxic and difficult place to work

Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe here to get this newsletter in your inbox every Sunday.

Pinterest CEO Ben Silbermann Hollis Johnson/Business Insider

Hello!

I want to start by highlighting two stories focused on toxic work environments at Pinterest and CrossFit. 

Julie Bort and Taylor Nicole Rogers spoke to 11 former Pinterest employees who said that despite the company's upbeat product, it was a toxic and difficult place to work. From their story: 

Multiple Black people who had worked on Pinterest's ad sales team say they were fired or "pushed out" of the company with no real explanation.

Other employees say they were publicly yelled at by managers or dealt with such severe "head games" from managers that they grew stressed and were later hospitalized. 

Some employees described CEO Ben Silbermann as a kind person focused on the product and who either didn't know or didn't care how workers were treated.

You can read the story in full here:

Former Pinterest employees describe a traumatic workplace where managers humiliate employees until they cry, Black people feel alienated, and the toxic culture 'eats away at your soul'

For their story on CrossFit, Katie Warren and Gabby Landsverk spoke to more than 30 former HQ employees, and current and former affiliate gym owners and CrossFit athletes. From their story:

Insiders claim the culture of the workplace demeaned women, operated off retribution, and was ruled by a fear of getting on Glassman's bad side.

You can read that story in full here:

A 'frat party' workplace, a tweet that led to the CEO's resignation, and a culture that demeans women: Insiders say this is the reality of working for the cult-following gym CrossFit

Those two stories follow earlier reporting on a toxic culture at companies like Bon Appétit and Reformation. Meanwhile, employees at companies ranging from Adidas to Red Bull are expressing concern about their employer's response to the Black Lives Matter movement, protesting systemic racism, and demanding change. For example:

As Weng Cheong and Caroline Hroncich report, US companies spend $8 billion annually on diversity and inclusion initiatives, yet research shows that they're actually more segregated now than they were 40 years ago. From their story:

Experts told Business Insider that a major reason D&I efforts are ineffective is that companies continue to invest in one-off trainings, instead of complementing them with company-wide diversity initiatives.

To dismantle systemic racism in the office, employers need to promote people of color internally, listen to stories about discrimination, and collect workforce data, among many other things.

Read their story in full here:

'Diversity' and 'inclusion' are the emptiest words in corporate America. Here's what we really need to dismantle systemic racism in the office.

Microsoft CEO Satya Nadella Reuters

100 days that changed Microsoft

"On March 6, Microsoft employees began inexplicably returning to the company's Redmond, Washington headquarters, just 48 hours after the company enacted a remote work policy in response to the coronavirus."

So starts a story from Ashley Stewart, Jeff Elder, and Patrick Coffee on how CEO Satya Nadella led $1.4 trillion tech giant Microsoft through the coronavirus pandemic. From their story:

"Why are they coming back?" Microsoft chief information security officer Brett Arsenault wondered with concern at the time, as related to Business Insider in a recent interview. "What's going on?"

The employees had left their work computers at their desks as usual — after all, they didn't know when they left that it was the last time they would be at the office for many months. But Microsoft couldn't condone letting them back into their offices, which to this day are deemed unsafe.

The company needed to act fast.

You can read the story in full here:

100 days that changed Microsoft: How Satya Nadella led the $1.4 trillion tech giant through the coronavirus pandemic

From left, Chipotle's Chris Brandt, Netflix's Jackie Lee-Joe, Snap's Kenny Mitchell, and Zoom's Janine Pelosi. Chipotle; Netflix; Snap, Inc.; Zoom; Olivia Reaney/Business Insider

Most innovative CMOs

From Tanya Dua:

Global advertising and marketing spend was poised to swell further to $612.6 billion this year — until the coronavirus pandemic came along and upended the advertising business, bringing the forecast down to $563 billion.

The radical transformation of the advertising industry has only been accelerated by the novel coronavirus. Marketers have been forced not only to steer their organizations through challenges like fragmented consumer attention and data-driven marketing but also to slash their spending, tweak their campaigns, and shift their dollars to adjust to a population in crisis.

Here's Business Insider's fifth annual ranking of the CMOs who most stand out in overcoming these challenges:

The 25 most innovative CMOs in the world in 2020 right here

Below are headlines on some of the stories you might have missed from the past week. 

— Matt

$2.5 billion Tiger Cub Valinor Management is closing — it's the first multi-billion-dollar hedge fund to wind down since the pandemic started

BANK OF AMERICA: Buy these 13 cheap stocks that have unexpectedly strong finances, making them great bets for the next phase of the rally

How solo entrepreneurs can pay themselves with PPP money or reapply for a bigger loan while making sure they qualify for forgiveness

These 12 artificial intelligence startups are poised for success, particularly in a post-COVID world, according to experts

14 investors and VC firms funding innovative startups built around YouTube, Instagram, and TikTok creators and the influencer industry

Read the memo Facebook is sending to ad agencies as calls for advertisers to boycott the platform in July intensify

Here's the pitch deck Irish grocery delivery startup Buymie used to raise $9 million for UK expansion as coronavirus transforms shopping

Leaked memo reveals JetBlue will lay off workers on October 1, with employees who voluntarily quit getting up to 9 years of free travel

Original author: Matt Turner

Continue reading
  30 Hits
Aug
18

As a longtime Spotify devotee, I'm always shocked people don't know about one of its best features — here's how to use it

Snapchat has armored its camera was a flurry of augmented-reality features in recent years that allow users to apply face filters and play with interactive lenses.At the Snap Partner Summit last week, the company debuted new partners for Scan, its press-and-hold-activated feature that gives users more information when they point their camera at various objects and surroundings. In addition to solving math problems and finding online links for real-life products, users can now use Scan for identifying dog breeds, plant species, and nutrition information for food.Visit Business Insider's homepage for more stories.

If the wildly popular dog filter hasn't given you enough puppy-related content on Snapchat, you'll soon be able to use the app to identify the breeds of dogs you encounter offline.

Snap has debuted new partners for Scan, its feature that lets users gather more information on real-life objects just by pointing the app's camera at them. Now, Snapchat users will be able to use the feature to identify breeds of dogs, species of plants and trees, and nutritional facts about packaged food.

Snapchat has long invested in AR, including object recognition technology. The Information reported back in 2017 that Snapchat was working on a way to scan objects in the real world. Since then, the Snap Camera's scanning ability has grown, ranging from the silly to the handy.

Users can access dancing figures and animations when they point their phone at a flat surface or a piece of pizza, and also harness the technology for more useful tasks — like identifying a song playing using Shazam, recognizing real-life items to buy on Amazon, and even solving math equations on homework.

Snapchat's Scan objection-recognition feature debuted in 2019 at Snap's Partner Summit, the invite-only event the company launched just last year to compete with annual developer conferences from tech giants like Facebook, Apple, and Google. This year's Snap Partner Summit — which took place on June 11 — was forced to go virtual due to the coronavirus pandemic.

Snap says the additions to Scan — including Dog Scanner, PlantSnap, and Nutrition Scanner, and various brand experiences — will be made available to users later this year. 

At the Partner Summit, Snap also unveiled a new "action bar" for navigating Snapchat, additions to its slate of original content and games, and in-conversation Minis for friends to coordinate and plan activities together..

Original author: Paige Leskin

Continue reading
  16 Hits
Aug
18

The pillows at Airbnb can tell you all you need to know about how the company is changing for the worse

The Tesla Model S debuted in 2012, making it the longest-running vehicle in the all-electric automaker's lineup. The luxury sedan has received just two significant design and mechanical updates in eight years (a revamped nose and an all-wheel-drive variant), but over that same period, the car has been incessantly tweaked.

Most recently, the Model S's range was boosted to 402 miles, in the "Long Range Plus" configuration, which sells for about $75,000 new. This platform, when it was first rolled out in 2012, delivered just 208 miles per charge for the less expensive, smaller-batteried version, and 265 miles for the larger option.

The improvement is, in a word, staggering. The Model S of 2020 is basically the same vehicle as what we first saw in 2012, built on the same assembly line in California. Over time, it's acquired supercar-beating performance,  added more premium elements to its interior, and acquired semi-autonomous driving technology. The range has gradually ticked up.

Pricing has remained relatively stable, and high, raising the question of whether an "aging" platform is still worth the steep sticker. The timeless design and the steady march of improvement provides an answer.

The issue, then, is that as I've noted before, we take the Model S and its brilliance for granted. The Model 3 captured far more attention when it launched several years ago, and the Model X SUV is much flashier, tech-wise. But the Model S, now with yet more range, remains probably the best Tesla money can buy.

Here's why:

Original author: Matthew DeBord

Continue reading
  21 Hits
Aug
13

SpaceX just let people crawl into its new spaceship for NASA astronauts — here's what it's like inside

Design studio Grimshaw created a concept for a floating home that can survive rising sea levels.The dwellings are modular, so components can be mass-produced in factories and assembled at a low cost.Energy will come from solar panels, with shaded lower pontoons using little energy.Visit Business Insider's homepage for more stories.

Design studio Grimshaw and manufacturers Concrete Valley collaborated on their design for Modular Water Dwellings. The structures are essentially floating homes, designed to withstand the upcoming effects of climate change and use energy more sustainably.

The floating homes will be made on an assembly line, creating a modular final product from several standardized pieces. This is an approach taken by many tiny home companies to make construction more affordable, and allow customers to customize their homes based on available pieces.

Grimshaw Modular Water Dwelling. Grimshaw

Concrete Valley's manufacturing facility sits on a waterway in the Netherlands, which will allow for the homes to be assembled at the factory and transported to their destinations, ready to move into. Grimshaw told Business Insider that this also reduces the total energy used in construction because no on-site assembly is required.

Grimshaw Modular Water Dwelling. Grimshaw

The designers cited affordability and sustainability as reasons for making this design, which they say would offer "affordable housing, free of the constraints of land-based construction and resilient to the mounting threat of flooding from rising sea-levels."

According to a UN report from last year, sea levels could rise as much as three feet within 80 years, which would displaces hundreds of millions of people. 

Grimshaw Modular Water Dwelling. Grimshaw

Designers use the water under the dwelling as part of temperature regulation, using it to heat and cool. The upper level also has solar panels to collect energy during the day, and harvest rainwater for an off-the-grid possibility. Heat exchangers also create a communal energy supply for a group of dwellings, with the potential for almost zero net energy use.

 

Grimshaw Modular Water Dwelling. Grimshaw

The rest of the design also contributes to low energy use. Each level is well insulated, with lower levels that naturally stay cool due to shade and the concrete pontoons. 

Designers believe that the aspects of the home that make it so unique, like its location on the water, and the potential community of other water dwellings, can contribute to the health and wellbeing of residents. People living in the homes would be close to nature, with beautiful views and access to water. They also promote the idea of communal water activities, like fishing or parasailing, or even using the pontoons to create shared communal spaces like floating gardens and terraces.

Grimshaw Modular Water Dwelling. Grimshaw

For now, the Modular Water Dwellings are still in the development stage as Grimshaw and Concrete Valley continue to create prototypes, though they say that they plan to bring them to the market once they're satisfied with the quality and affordability.

Original author: Mary Meisenzahl

Continue reading
  19 Hits
Jun
21

Companies like GitHub are dropping decades-old coding terms like 'slave' or 'blacklist,' and advocates say it's a small but important step towards a more inclusive tech industry (MSFT)

The open source community is moving to reject software terms like "master," "slave," "blacklist," and "whitelist" in an effort to be more inclusive. Advocates say that more inclusive terminology not only helps Black developers and other developers from marginalized groups feel more welcome; the new terms are often also more technically accurate in describing what the software does.The changes can already be seen at companies like GitHub, as well as in open source projects like OpenZFS, Google's Chromium browser engine, and even the Android operating system. They aren't the first open source projects to drop the terminology: Django, Drupal, and Python all took similar steps years ago.These moves have historically been met by pushback by those who believe tech is apolitical, but advocates say that software should reflect the values of those who make it, and that such a small change can have an outsized impact.Visit Business Insider's homepage for more stories.

Over his two decades-plus in the tech industry, Michael Brown, now a senior software development engineer at Microsoft, frequently found himself as the only Black engineer on whichever team he was on.

That makes it extra-grating when he runs into industry-standard terms — "master" and "slave," as two common examples — that are as problematic as they are common. He first ran into them early in his career, working on an IT hardware project, but they can be found in wide use today.

These outdated terms often constitute microaggressions, or subtle incidents of discrimination, against Black developers by using the language of slavery, Brown says.

"The simple fact is that Black people are very underrepresented in technology," Brown told Business Insider. "What a lot of them fall back on is that it's a pipeline. The problem is starting in the college level, where you'll see very few Black people. Of course, you get the microaggressions that makes us feel unwelcome and that we don't belong to begin with."

Besides, he says, they're also technically used wrong in many instances: In his early-career hardware experience, the "master" device was actually a client to the "slaves," not the other way around. In more modern usage, "master" is used to refer to the main version of a software project; advocates say that "primary," "trunk," or "main" might be more accurate.

Now, amid the national conversation around systemic racism following the police killing of George Floyd, the tech industry is taking action to remove "master," "slave," and other terms like "blacklist" from common usage. Another example is "whitehat hackers," who hack to help companies find bugs, and "blackhat hackers," who hack for malicious purposes. These terms can reinforce biases, advocates say.

Already, the Microsoft-owned GitHub has announced that it's working to drop those terms, and other software projects like Google's Chromium browser engine and Android operating system have made similar moves.

Advocates say that while it's only a small step, and doesn't do much to address the wide gaps in diversity across Silicon Valley, it's still an important trend that signals to Black developers that there's room for them in the industry.

"I think it's important in general to create an environment that's inclusive that doesn't detract people from feeling comfortable at work and feel like they're just as valuable as others," Sebastien Roy, director of systems platform development at Delphix, told Business Insider. Roy also organized a Juneteenth hackathon to add more inclusive terms to Delphix's products.

Michael Brown, senior software development engineer at Microsoft Michael Brown

GitHub and other projects are updating their language

GitHub, the Microsoft-owned code-sharing site, is one of the most prominent voices in the effort to drop the "master" terminology. Now, GitHub is working to change its default branch name from "master," making it easy for users to choose their own default branch name for new projects, and releasing guidance and tools for users who want to rename it.

Other projects are making similar moves.

Google's Android operating system and Chromium browser engine projects are moving away from terms like "blacklist" and "whitelist" in favor of the terms "blocklist" and "allowlist," 9to5Google's Kyle Bradshaw first reported. This change was first suggested by a Chromium contributor from Microsoft last year, the Register's Tim Anderson reported — not surprising, as Microsoft is using Chromium to power its own Edge browser.

OpenZFS, an open source storage project, has changed the terms "slaves" to "dependents." The Go programming language, which was created by Google, and Red Hat's OpenShift, its version of the Kubernetes cloud computing project, have also made similar changes.

Matthew Ahrens, creator of the OpenZFS project, was the one who submitted the change to remove references to "slaves" in the storage software. He told Business Insider that it first came to his attention after his coworkers at Delphix organized their Juneteenth hackathon.

That made Ahrens wonder if there was any similar terminology in OpenZFS, to which he still frequently contributes. He was surprised to find that it contained several references to "slaves." 

"I think using these terms, it's hurtful. It reminds people of really negative human interactions," Ahrens said. He later added: "It doesn't feel right to use a heavy term in a flippant way."

Terms like 'master' and 'slave' have been around for decades, but the tech industry is starting to make changes

This terminology has long existed both in hardware and in software — a computer handbook from 1969 refers to the terms "master" and "slave." The conversation over those terms, too, goes back decades, with complaints circulating since at least the '90s, as Ars Technica notes. 

In fact, back in 2003, Los Angeles officials asked manufacturers, suppliers and contractors to stop using the terms "master" and "slave" on computer equipment. Some engineers also spoke out against these terms at the time. More recently, in 2018, the Internet Engineering Task Force also published a memo specifically on this topic to identify "oppressive terminology" in tech and suggest alternatives. 

Several other projects, too, have already replaced master/slave terminology. For example, the Drupal and Django web application frameworks started using "primary" and "replica" in 2014.

The popular programming language Python has also been making these changes over the past few years.

Python core developer Mariatta Wijaya recalls that in 2017, developers wanted to introduce a feature for a GitHub bot that checks if users have signed a contributor license agreement. Wijaya made a conscious decision that she didn't want to use the terms "whitelist" for users who have already signed one and "blacklist" for users who have not. Instead, she broke it down into "trusted users" and otherwise. 

Not long after, in September 2018, Python replaced the terms "slaves" with "workers," "helpers," or "child," and "master" with "parent." 

"I think it's important because I know there are people who are offended because of historical reasons," Wijaya said. "Maybe it triggers trauma within them. Even though we don't share the same experience, it's important to empathize with them and understand who we are excluding by keeping the terminology like the master and slave terminology."

Making these changes can create a ripple effect through the industry, Wijaya says, as new open source projects may look to popular ones as a model. And maybe it can set an example for members of the open source community to be mindful of their language elsewhere, too.

"I think maintainers have the responsibility to set up a good example and use more inclusive language, not just in master/slave terminologies, but when they address the audience as well," Wijaya said.

Developers often didn't speak up because they 'adopt this shell' to protect themselves

The terms in question are decades old, as are the arguments over them. But widespread change has been slow to come to the industry because developers may not feel comfortable speaking up, Brown, the Microsoft developer, says. Instead, he says, Black people in tech "adopt this shell," trying not to engage with the subject for fear of being excluded.

"We act like things don't bother us because we don't want to be rocking the boat," Brown said. "When we get into the field, and they say, 'here's a master slave device,' we're not very likely to bring it up because we know how that creates an aura that 'oh, he's a troublemaker.'"

For example, Adama Robotics CEO Dauda Barry, who is Black, says that when he first came across the terms "master" and "slave" in software while he was still in university, he wrote off his own discomfort, telling himself that he was just being sensitive. But amid the recent conversations on the topic on Twitter, he realized that he wasn't alone in disliking the terms. 

"When I came across it the first time, I raised my eyebrow and just brushed it off quickly," Barry told Business Insider. "[Changing these terms] makes the tech ecosystem more inclusive. There are many ways to make a place inclusive. We want to make sure more developers of color will feel comfortable working in tech and can be their true selves."

In addition, the open source community often fosters so-called "benevolent dictators," project creators and maintainers who have the final say on all decisions — and who don't always see inclusion as a priority, if they care about it at all. 

"This results in a very homogeneous group of people being able to contribute or ask these bigger questions," product designer Chris Messina, famed as the inventor of the social media hashtag, said. "The language you use affects the people who are able to participate."

A newfound sense of urgency to make the change

Even if this isn't a new debate, the movement has a newfound sense of urgency amid the national conversation on systemic racism, says independent product designer and regular open source contributor Tatiana Mac.

In the past, people who suggested a change to the language would get ignored or sidelined, Mac said. And when some projects do make a change, Mac says, some elements of the community the software revolt — on Twitter, and within the community itself — saying that they shouldn't be expected to make changes to their software for what they see as a political purpose. Changing the terminology is sometimes seen as a matter of "political correctness."

For instance, when Python replaced its terminology in 2018, Wijaya says that some maintainers ended up getting harassed over the matter. Those kinds of incidents have a chilling effect on future efforts to make change, Wijaya suggests.

"That is something that we've done and something that we care about," Wijaya said. "We also know that it is controversial. Some of our maintainers are just burned out from that incident. They did not have the mental capacity to continue with such discussions. The change was made, but it had the cost of open source maintainers having to deal with mental harassment."

Mac says that tech can't see itself as distanced from the conversation on race, however — even as Microsoft, Salesforce, and Amazon pledge solidarity with the Black community, critics say that their work with law enforcement could undermine their stances. Given the intertwining of the two, Mac says, it's important that software represents the values of the people who make it. 

"I think it's important that we evolve our technology to fit our ethical stances," Mac said. "There are so many people in tech who love to hide behind this concept that tech is apolitical."

Read more: Tech companies like Amazon, Microsoft, and Salesforce are taking a stand against systemic racism, but their work with law enforcement could contradict their stances

In fact, it shouldn't even be a debate, Brown says. He likens the discussion to people fighting to keep Confederate monuments standing. 

"You have millions of people in America who have trauma associated with that terminology, and you want to say that doesn't matter," Brown said. "You want to say, keep that technically inaccurate term and argue in upholding this rather than saying, this might cause problems for people. Let's take 30 seconds to change it out."

Advocates say these new terms are more inclusive and accurate

Terms like "master," "slave," "blacklist," and "whitelist" are not only hurtful, but unclear and often inaccurate, advocates say. Meanwhile, updated terms like "main," "primary," "allowlist," and "blocklist" more clearly reflect their actual meaning.

"All these other microaggressions, that's one more microaggression," Brown said. "It's not that hard to make the change. It's not even a technically accurate term, and you're defending it."

In software, developers have seen many other ways that language can be exclusive. For example, software projects often come with documentation to explain how to properly set up and run the code. Oftentimes, it will refer to engineers with "he" or "him" pronouns, excluding female or nonbinary developers.

"I see that a lot in documentation," Emily Kager, mobile Android engineer at Mozilla, told Business Insider. "It's a subtle thing. People feel less welcome in that they're not writing about you. We should make language as gender inclusive as possible."

Another example is the term "sanity check," a term that refers to when developers review code. This language can exclude people with mental illness or disabilities, Mac, the product designer, said. 

For this reason, Mac started a dictionary project for the tech industry called Self-Defined, which identifies problematic language, explains its impacts, and suggests alternatives that can be used.

"Language has a lot of power," Mac said. "It's embedded so passively in everything that we view. These conversations should happen more frequently."

While the tech industry still has a long way to go when it comes to diversity, equity, and inclusion, these small changes would make the tech ecosystem more inclusive, earn the trust of more diverse community members, and help Black developers feel more comfortable, advocates say.

"Why are you not changing it? It's 30 seconds," Brown said. "It won't break anything. It will make your project more welcoming."

Got a tip? Contact this reporter via email at This email address is being protected from spambots. You need JavaScript enabled to view it., Signal at 646.376.6106, Telegram at @rosaliechan, or Twitter DM at @rosaliechan17. (PR pitches by email only, please.) Other types of secure messaging available upon request.

Original author: Rosalie Chan

Continue reading
  26 Hits
Jun
21

Catching Up On Readings: WWDC 2020 - Sramana Mitra

This feature from Wired looks at the major updates from Apple expected at this year’s virtual edition of Worldwide Development Conference. For this week’s posts, click on the paragraph...

___

Original author: jyotsna popuri

Continue reading
  28 Hits
Jun
21

This $56,000 smart tiny home is only 68 square feet, and can operate off-grid using solar power — see inside

Ecocapsule announced a new, off-grid smart micro-unit called Space.With a minimalist design and solar panels, Space could be an office, guest room, or extra space.The 68-square-foot micro-unit is available for about $56,000.Visit Business Insider's homepage for more stories.

There are tiny houses, and then there are micro-units that make a standard tiny home look like a mansion.

Ecocapsule announced Space, an off-grid micro-unit with the "attractive design of a giant egg," as the company describes it, earlier in June.

Ecocapsule is headquartered in Bratislava, Slovakia. In 2018 it released the original Ecocapsule, a tiny home powered by solar and wind power. 

Original Ecocapsule. Ecocapsule

In May, it announced an even tinier companion unit, the 68-square-foot Space, which also comes at a lower price point than the original, starting at $56,000.

"Based upon demand of our customers we've made Space affordable for broader customers scale, and more comfortable to use," Design Director and CEO Tomáš Žáček said.

Ecocapsule Space. Ecocapsule

Space is also more accessible to a broader range of customers because it can be connected to the energy grid if needed. Like the original, Space has removable solar panels that can be used for off-grid moves. 

The exterior is made of insulated fiberglass over steel, and color can be customized. 

Ecocapsule Space. Ecocapsule

Inside, Space is intentionally minimalist and can be adapted to different uses. The basic version includes just the laminate floor and a plywood cabinet wall, and the buyer can choose the finish. Despite the small size, it can sleep two people, and additional furniture is available from Ecocapsule for an added cost.

Ecocapsule Space. Ecocapsule

Depending on how the customer chooses to fill the space, it could be used for nearly anything. Ecocapsule suggests a home office, guest room, or additional space for a cottage or houseboat. It could even be the "daughter" of the original Ecocapsule for fans of the design who need more room. 

The company also suggests that it could be used for business travel or resorts as a lower contact option compared to traditional hotels. 

Ecocapsule Space. Ecocapsule

The petite 15 feet by seven feet micro-unit is only eight feet tall and weighs nearly 3,000 pounds, less than an average new car. 

It has solar panels and batteries, which can also be charged externally. That energy goes towards LED lights inside the unit, and the smart home system and sensors that come standard. Smart features can be controlled through a phone app, and there's also the option to add data coverage for the unit itself. Other add-ons include AC and heating, which might be necessary depending on where Space ends up.

Two years after launching the original Ecocapsule, they're located in countries all over the world. Maybe the Space Ecocapsule will follow. 

Original author: Mary Meisenzahl

Continue reading
  21 Hits
Jun
21

After years of struggling to improve company diversity, Google is vowing to make bigger strides in racial equity and inclusion. But one promise feels very unambitious. (GOOG)

This week, Google announced several changes to improve racial equity and inclusion within the company.The list of commitments published by CEO Sundar Pichai included several promising concrete improvements.One of those promises was to increase underrepresented groups at a leadership level by 30% by 2025.But while it sounds like a big jump, the number of underrepresented groups in Google leadership is very low. A 30% increase in Black leaders would bring the total to just 3.4% by 2025.Do you work at Google? You can contact this reporter securely using encrypted messaging app Signal (+1 628-228-1836) or encrypted email (This email address is being protected from spambots. You need JavaScript enabled to view it.).Visit Business Insider's homepage for more stories.

Google, like the rest of Silicon Valley, is currently reckoning with the little progress it has made over the years to improve diversity and inclusion within the company.

Year after year, Google's diversity reports have shown very little improvement to the number of people from underrepresented groups it hires and retains. And year after year, the company has promised to do better.

According to the company's latest diversity report, Black employees comprise just 3.7% of Google's workforce, up from 3.3% the year before.

Now, the company is making some concrete promises to change things. In a memo from CEO Sundar Pichai published this week, Google set out a series of commitments to improve its efforts in racial equity.

The changes include doing away with the company's peer-based badge checking, new anti-racism programs for employees, and pledging $175 million to support Black businesses.

Google also promised to increase underrepresented leadership by 30% by 2025. "Our goal is a 30% increase in the proportion of Black+, Hispanic/Latinx+ and Native American+ leaders we have in the U.S. and technical women leaders globally," a spokesperson told Business Insider.

That 30% might sound like a big jump, but the math makes it unambitious. 

According to its 2020 diversity report, just 2.6% of Google's leadership is Black, 3.7% is Latinx, and 0.5% is Native American.

A 30% increase would boost that total of underrepresented groups from 6.8% to 8.8%. Or, if you take just the Black employees in leadership roles, it would boost the number of Black leaders from 2.6% to 3.4% by 2025. While each percentage point represents thousands of jobs, according to Google, that's still not a big improvement overall.

As Daniel Zhao, a data scientist at Glassdoor pointed out in a tweet, Google would need to increase the number of Black employees in leadership roles by more than 400% to reach parity with Black population of the US, estimated to be 13.4% by the most recent census data.

Pichai said Google will work to boost its leadership diversity by advertising senior leadership roles both externally and internally, and increase investment in Google officers outside of Mountain View such as London, Washington DC, and Atlanta.

Many of the other changes Google is proposing feel more encouraging than what we've seen in the past. For example, the company said it will introduce a new "multi-series" training program for employees which "explores systemic racism and racial consciousness." NBC recently reported that Google had been scaling back its inclusion and diversity training programs since 2018.

Pichai also said Google would convene a task force "to develop concrete recommendations and proposals for accountability across all of the areas that affect the Black+ Googler experience, from recruiting and hiring, to performance management, to career progression and retention."

Those changes are good and should be celebrated, but when it comes to its commitment to boosting diversity numbers within the company, it's a shame Google couldn't be a little more ambitious.

Original author: Hugh Langley

Continue reading
  21 Hits
Jun
20

Startups Weekly: Which investor wrote the first check?

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7am PT). Subscribe here.

Which startups investors are actually first to backing the best companies? If you know this information before fundraising, you can avoid pitching investors who were always going to tell you that you’re “too early” anyway. The problem is that everyone claims credit for success, and by the time you pick through databases, investor sites, blogs, tweets and news clippings, you have no real idea who made what call when.

That’s why our solution is to just ask founders about who really made it happen. Our new product, The TechCrunch List, will feature the investors who wrote the first checks, to help any founder find the help they need when they need it. Here’s more, from Arman Tabatabai and Danny Crichton:

Over the next few weeks, we’re going to be collecting data around which individual investors are actually willing to write the proverbial “first check” into a startup’s fundraising round and help catalyze deals for founders — whether it be seed, Series A or otherwise (i.e. out of your Series A investors, the first person who was willing to write the check and get the ball rolling with other investors). Once we’ve collected, cleaned and analyzed the data, we’ll publish lists of the most recommended “first check” investors across different verticals, investment stages and geographies, so founders can see which investors are potentially the best fit for their company….

In all, The TechCrunch List will publish the most recommended “first check” writers across 22 different categories, ranging from D2C & e-commerce brands to space, and everything in between. Through some data analysis around total investments in each space, we believe our 22 categories should cover the entirety or majority of the venture activity today.

To make this project a success and create a useful resource for founders, we need your help. We want to hear from company builders and we want to hear from them directly. We will be collecting endorsements submitted by founders through the form linked here.

(Photo by Steven Damron used under Creative Commons).

Valley dealflow has continued through the pandemic

Despite much discussion about investors pulling back en masse from startup investing, a new survey out from Silicon Valley tech law firm Fenwick & West about activity in the region over April says that valuations went up, markdown rounds did not grow as a percentage of deals, and the overall pace of deals actually increased. The catch, Connie Loizos writes for TechCrunch, is that much of this was due to later-stage rounds, and of course, it is generalized across industries that have been variously propelled or pummeled by the pandemic.

Alex Wilhelm then looks at a couple additional reports for Extra Crunch, from Docsend and NFX. They appear to show ongoing investor activity growth since April, as well as growing founder optimism — but early stage did in fact appear to be more turbulent, as, ahem, one might expect if one has experience in early-stage fundraising. He separately notes that the latest tracking data sources appear to show a decline in startup layoffs. Both are, by the way, written as part of The Exchange, his new daily column about the latest trends in the startup world for EC subscribers (use code EXCHANGE to get 25% off a subscription).

Image Credits: Klaud Vedfelt (opens in a new window) / Getty Images (Image has been modified)

Beyond Valley dealflow (and its problems)

Juneteenth has been celebrated since 1866 to mark the end of slavery after the American Civil War. But this year, it is being taken up by tech companies as an official holiday to help show their concern for structural discrimination in the wake of the George Floyd killing and ensuing global protests. What does it really mean though? Here’s Megan Rose Dickey for TechCrunch:

Recognition of such a historic day is good. But the way these companies are publicly announcing their plans, seeking press as they do, suggests their need for some affirmative pat on the back. It’s perfectly acceptable to do the right thing and not get credit for it. It shows humility. It shows that a company is more interested in doing right by its workers than it is in saving face….

Instead, as Hustle Crew founder Abadesi Osunsade has said, tech companies need to go beyond one-off actions and form habits around racial justice work. Forming habits around hiring Black people, promoting Black employees, paying Black employees fairly, funding Black founders and making room for Black people in leadership positions is what will lead to concrete change in this industry.

Meanwhile, given the ongoing issues in fundraising, Delali Dzirasa of Fearless writes about other resources Black entrepreneurs can use to get their companies off the ground, including equity crowdfunding, mentor programs, 8(a) programs, SBA resources, and your local commercial banker.

Image Credits: PipeCandy

Online winners and also-rans during the pandemic

Two marketing experts shared fresh data on what categories are winning and losing during the pandemic for Extra Crunch this week, perhaps revealing where some of the founder and investor enthusiasm is coming from? First, here’s Ethan Smith of Graphite, who provides an overview of how money is being spent online during the pandemic using data from Branch through mid-May:

The good news for vendors overall is that people are still shopping online, but they’re buying different things and in different volumes than they used to. Kid/pet-oriented mobile activity and associated purchases have skyrocketed. We’ve also seen spikes in the purchase of activewear, fashion items, shoes and arts and crafts items, as people wait out the lockdown and prepare for what they hope will be a summer of freedom.

To dig into the direct-to-consumer category in more detail, here’s Ashwin Ramasamy of PipeCandy, who uses a mix of data sources to look at subcategory trends versus what the year might have looked like without a pandemic:

Kids, cookware and kitchen tools, apparel, fine jewelry, fashion, women’s health, mattresses, furniture and skincare actually deviated negatively from the forecast. This is not to say that these categories declined. We are actually saying that these categories didn’t keep up with the growth trends they orchestrated in 2019. That said, the devil is in the details. For instance, within furniture, there is a category of D2C brands that sell shelves and office furniture. Consumers did invest in them heavily, presumably to allow participants in the Zoom call to absorb more the titles of the books stacked in those shelves than from the calls themselves. Wine/spirits, grocery, fitness, baby care, pets and nutraceuticals did better than anticipated. Basically, anything that helped numb the reality (alcohol), sweeten the reality (food), distract from the reality (baby care and pets), survive the reality (fitness) or hallucinate an alternative reality (nutraceuticals) did well. I will leave you with another interesting conclusion we arrived at, through further research that is currently underway: The spotlight category in e-commerce is not direct to consumer — it is the mid-market and large pure-play e-commerce companies. It is one segment where the compounded quarterly growth rate of active companies is better than the 2019 average.

Around TechCrunch

Founders can reap long-term benefits after exhibiting in Disrupt’s Startup Alley

Extra Crunch Live: Join Superhuman’s Rahul Vohra for a live discussion of email, SaaS and buzzy businesses

Learn how to give your brand a distinct voice from Slack’s Head of Brand Communications Anna Pickard at TC Early Stage

New sessions announced at TC Early Stage from Dell, Perkins Coie and SVB

HappyFunCorp’s Ben Schippers and Jon Evans will talk tech stacks at TC Early Stage

Across the week

TechCrunch:

Where are all the robots?

Despite pandemic setbacks, the clean energy future is underway

TikTok explains how the recommendation system behind its ‘For You’ feed works

Chris Sacca advises new fund managers to strike right now

Extra Crunch:

What’s next for space tech? 9 VCs look to the future

How Liberty Mutual shifted 44,000 workers from office to home

Superhuman’s Rahul Vohra says recession is the ‘perfect time’ to be aggressive for well-capitalized startups

Investors based in San Francisco? That’s so 2019

How Reliance Jio Platforms became India’s biggest telecom network

4 months into lockdown, Eventbrite CEO Julia Hartz sees ‘exciting signs of recovery’

#EquityPod

From Alex:

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

Your humble Equity team is pretty tired but in good spirits, as there was a lot to talk about this week…

Epic Games is looking to raise a huge stack of cash (BloombergVentureBeat) at a new, higher valuation. We were curious about how its lower-cut store could help it gain inroads with developers big and small. That part of the chat, the take-rate of the Fortnite parent company on the work of others was very cogent to the other main topic of the day:Apple vs. DHH. So Hey launched this week, and the new spin on email quickly overshadowed its product launch by getting into a spat with Apple about whether it needs to add the ability to sign up for the paid service on iOS, thus giving Apple a cut of its revenue. DHH and crew do not agree. Apple is under fire for anti-competitive practices at home and abroad — of varying intensity, and from different sources — making this all the more spicy.Upgrade raises $40 million for its credit-focused neobank.Degreed raises $32 million for its upskilling platform.And, at the end, our take on the current health of the startup market. There have been a sheaf of reports lately about what is going on in startup land. We gave our take.

And that’s that. Have a lovely weekend and catch up on some sleep.

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

Continue reading
  32 Hits
Jun
20

Startup Battlefield bonus: Application deadline extended one week

This one goes out to all the early-stage startup founders. Whether you’re overwhelmed by the state of the world, overworked — or procrastination is simply an intrinsic part of your DNA — it matters not. Here’s reason to smile. We’re giving you an extra week to apply to compete in Startup Battlefield during Disrupt 2020. Fill out your application before the new deadline expires on June 26 at 11:59 pm (PT).

This is your moment to grab a double fistful of opportunity and step into a global spotlight. The virtual Disrupt 2020 represents our largest viewing audience and our biggest launch platform ever — more investors, more media and more, well, everything. If you’re chosen to compete in our premier pitch-off, you’ll go up against some of the best early-stage startups around the world.

Here’s what’s at stake: Massive exposure that can — whether you win the battle or not — change the trajectory of your startup, a launch article on TC.com, a 6 week mini-training program with TC editorial, all the perks of a Digital Disrupt Digital Pro pass (and then some) and a shot at $100,000, the Disrupt cup and all the bragging rights.

You’re eligible to apply if your company is early stage, has an MVP with a tech component (software, hardware or platform) and hasn’t received much, if any, major media coverage. Note: TechCrunch does not charge any application or participation fees or take any equity. We accept founders from all backgrounds, geographies and industries.

Veteran TechCrunch Battlefield editors (such a picky bunch) review every application and select startups that meet their discerning standards for innovation and growth potential. The virtual competition takes place during Disrupt 2020, which runs from Sept. 14 – 18.

Feel that flop sweat building up? Don’t stress. All competing founders receive weeks of free expert coaching from TechCrunch. Your pitch, demo and business model will shine like never before on game day.

Startup Battlefield consists of two rounds. Each team has six minutes to pitch and demo to our panel of TC editors, expert VCs and top entrepreneurs. Each team also faces a six-minute Q&A. Out of the original cohort, a handful of teams will move to the finals — on the last day of Disrupt — and pitch again to a new set of judges. They’ll choose one team to take home the title, the cup and the $100,000 prize.

Let’s take a peek at what other opportunities Battlefield competitors enjoy.

Exhibit in Digital Startup Alley and demo your product to hundreds of peopleNetwork with CrunchMatch, our AI-powered platform. Use it to set up virtual 1:1 meetings with investors, media, potential customers or any other startup influencersExclusive access to Leading Voices Webinars: Hear top industry minds share their strategies for adapting and thriving during and after the pandemicA launch article featuring your startup on TechCrunch.comA YouTube video promoted on TechCrunch.comFree subscription to Extra CrunchFree passes to future TechCrunch events

You’ll also join the likes of Vurb, Dropbox, GetAround, Mint, Yammer, Fitbit and other members of the Startup Battlefield Alumni community. This impressive group, comprised (so far) of 902 companies, has collectively raised $9 billion and generated 115 exits.

Rejoice, you have one extra week to apply to compete in Startup Battlefield at Disrupt 2020. The new deadline expires on June 26 at 11:59 pm (PT). Don’t wait another minute. Make the most of this extended opportunity.

Is your company interested in sponsoring or exhibiting at Disrupt 2020? Contact our sponsorship sales team by filling out this form.

Continue reading
  24 Hits
Jun
20

Nextdoor removed its 'Forward to Police' app feature after racial profiling concerns

Nextdoor, the local social networking platform announced it was ending a feature that allowed users to share their concerns directly with local law enforcement.The site has faced years of criticism that its close relationships with local authorities that are accessible through the app amplified unfounded concerns and racial profiling by its users.The announcement came after Nextdor's CEO said in a blog post that the platform "exists to foster" conversations that can connect neighbors and drive change in systemic racism "in a civil, productive way." Visit Business Insider's homepage for more stories.

Nextdoor, the online local networking platform for neighbors, announced it is ending its "Forward to Police" feature after it has long been criticized for facilitating racial profiling.

The feature was introduced in 2016 to allow users to directly share their posts with local police. It was one of several crime-monitoring tools on the site that have raised concerns about the ease with which users can trigger a police response based on unexamined suspicions as described by outlets like Bloomberg's CityLab and The Atlantic.

A statement posted on the company's site late Thursday said the decision came about "as part of our anti-racism work and our efforts to make Nextdoor a place where all neighbors feel welcome," and was ultimately cut because of its low engagement with users and law enforcement.

"After speaking with members and public agency partners, it is clear that the Forward to Police feature does not meet the needs of our members and only a small percentage of law enforcement agencies chose to use the tool," the company's post read.

Bloomberg's CityLab reported that the company is keeping other features that facilitate communication with law enforcement, including one that allows direct messages. The features are a small look at the site's extensive relationship with law enforcement agencies continues that has raised concerns with privacy experts.

In recent years, the platform has attempted to confront racially charged interactions from users, even using data-centric approaches and artificial intelligence to cut down on insensitive or profiling posts, but critical reports have persisted as the neighborhood forum has faced the questions of moderation and monitoring common to social networking.

The site, which was founded in 2011, not only connects neighbors but also provides a reliable link for local government, police, and fire departments to keep their ears to the ground in communities, cofounder Prakash Janakiraman previously told Business Insider.

As coronavirus spread across the US and more Americans found themselves stuck at home, the site's "engagement picked up at the end of February and then skyrocketed from March," Janakiraman told Business Insider, and "usage is up 80% in most neighborhoods."

Despite the climbing popularity, the most recent challenge for the platform came in the wake of protests across the US over racism and police brutality, when reports floated that community moderators were removing posts from local boards that mentioned Black Lives Matter despite the company's official statement of support for the movement.

Nextdoor's CEO Sarah Friar said in a June 11 blog post that "systemic racism in our nation will not be solved overnight," but the company was addressing racism in its corporate culture and on its site by emphasizing diversity in hiring, strengthening community moderation, and drawing "a firm line against racist behavior" on its forums.

Original author: Ellen Cranley

Continue reading
  23 Hits
Jun
20

An ex-minor baseball player is spinning off a new hedge fund from Leon Cooperman

 

Welcome to Wall Street Insider, where we take you behind the scenes of the finance team's biggest scoops and deep dives from the past week. 

If you aren't yet a subscriber to Wall Street Insider, you can sign up here.

It was a busy week for hedge fund news, with the finance team landing scoops on an upcoming launch, a fund that's giving outside investors their money back, and one that's winding down entirely. 

A new hedge fund run by a one-time minor league baseball player is set to spin off from billionaire Leon Cooperman's Omega Advisors, Bradley Saacks reported. New launches have been few and far between during the global coronavirus pandemic, though, as meetings with potential investors turned into video calls and business travel was cancelled.

Bradley and Alex Morrell learned that billionaire Philippe Laffont's Coatue Management is returning all outside capital in its $350 million quant fund. The fund, started roughly a year ago, had pulled back its exposure from the markets significantly in March and April. Coatue will continue trading the strategy with internal money, though, and hopes to eventually reopen it to outside investors.

And Bradley, Dan DeFrancesco, and Meghan Morris reported that a $2.5 billion Tiger Cub emailed vendors on Tuesday evening to give notice that it has started winding down business operations and liquidating portfolios.

Read the full story here:

Keep reading to see the advice that value investors are giving each other after getting steamrolled by rising markets; a deep dive into the sports empire of Apollo Global Management cofounder Josh Harris; and a look at why live commerce could soon explode in the US. 

Have a great weekend, 

Meredith 

Advice for value-investing enthusiasts 

Value investors, who seemed poised to take control during the initial market crash from the pandemic, have since been steamrolled by rising markets. For value-seekers, it's been emblematic of a decade of futility. 

Rebecca Ungarino and Bradley Saacks attended a two-day virtual conference hosted by the New York chapter of the CFA Institute (the event is named after Ben Graham, the father of value investing.) Speakers flagged their picks in the quickly changing markets, and implored listeners to stick with the philosophy.

Read the full story here: 

Influencers and home shopping

Visual China Group/Getty Images

Live-streamed commerce has taken off in China on platforms like Alibaba's Taobao Live and Douyin, China's version of TikTok. Influencers are driving sales of everything from cosmetics to tech products — think home shopping TV networks, but with check-outs embedded in the platforms and payment details stored there. 

"It's entertainment plus shopping," Connie Chan, general partner at Andreessen Horowitz, told Shannen Balogh. And it could soon arrive in the US.

Read the full story here: 

Apollo cofounder Josh Harris' sports empire 

Brad Barket/Getty Images; Nick Wosika/Icon Sportswire via Getty Images; Ruobing Su/Business Insider

The billionaire Josh Harris, who has cofounded a sports-investing business as well as one of the biggest alternative-investing firms, has been taking a look at buying the New York Mets.

Meghan Morris and Casey Sullivan talked to insiders to learn more about how Harris has been applying an aggressive style honed at Apollo Global Management to the sports world. 

Read the full story here: 

WeWork competitor Knotel is stretched thin 

Amol Sarva, CEO of flexible office provider Knotel Knotel

As Meghan Morris reports, Knotel's finances were in a tough position well before the pandemic hit, and now, the flexible-office company is stretched even thinner. Until recently, New York-based Knotel was one of the fastest-growing brands in the booming coworking and flex-space field, emerging as a chief competitor to WeWork. 

Read the full story here: 

Inside Airbnb-backed Zeus Living 

Zeus Living's cofounders, CTO Joe Wong, COO Srini Panguluri, and CEO Kulveer Taggar. Zeus Living

Zeus Living, an Airbnb-backed startup that focuses on corporate housing, laid off almost two-thirds of its staff in three months and saw its valuation plunge. 

As Alex Nicoll reports, the startup is now planning to shift its business model after clients cancelled millions in contracts and occupancy dropped. 

Read the full story here: 

On the move

Wells Fargo has tapped Barry Sommers, the former CEO of wealth management at JPMorgan, as its new wealth and investment management chief. The post had been vacant since February. Wells Fargo CEO Charlie Scharf, who had a nine-year stint JPMorgan and had been viewed as Jamie Dimon's protégé, brought in Sommers as the latest in a string of JPMorgan alums he's hired since joining Wells last year.

Deals

Hedge funds and investing

Fintech

Law

Real estate

Original author: Meredith Mazzilli

Continue reading
  19 Hits
Jun
20

Colors: Cherry Blossoms, Sunset - Sramana Mitra

I’m publishing this series on LinkedIn called Colors to explore a topic that I care deeply about: the Renaissance Mind. I am just as passionate about entrepreneurship, technology, and business, as I...

___

Original author: Sramana Mitra

Continue reading
  36 Hits
Jun
20

Startup founders who successfully raised from giants like Tencent and Alibaba give 7 tips for the perfect pitch deck

Investors are keeping their hands in their pockets as the COVID-19 pandemic causes economic turmoil around the world. In March, almost a third of investors pulled out of UK seed-funding deals over fears of an oncoming recession. Business Insider asked up-and-coming founders – backed by the likes of Tencent and Alibaba – how anyone hoping to raise a venture capital round can help score investments with the perfect pitch deck. Visit Business Insider's homepage for more stories.

As the economic slowdown brought about by COVID-19 forces investors to tighten the purse strings, it's never been more important for founders to get their pitches just right. 

In March, almost one-third of investors pulled out of UK seed funding deals amid fears that the pandemic was about to trigger a global recession. 

SeedLegals, a London firm that specializes in legal advice for smaller startups, told Business Insider the number of venture capitalists participating in early-stage funding rounds for startups dropped by 28% in March.

Those who do find themselves successfully pitching to investors currently have to do so over Zoom rather than in person, making a strong pitch deck an even more crucial accompaniment.

We asked Anthony Rose, SeedLegals cofounder and CEO, for his expert advice on putting together the perfect pitch deck. 

Fellow founders Albert Liu, CEO of Alibaba-backed facial recognition firm Kneron, and James Dean, CEO of Tencent-backed AI firm Sensat, chipped in with some words of wisdom too. 

Read their words of wisdom below: 

Original author: Martin Coulter

Continue reading
  32 Hits