Apr
07

Google's G Suite now has 6 million paying business customers, as it ramps up competition with Microsoft and Zoom (GOOGL)

Google's bundle of productivity tools for businesses and schools, G Suite, now has 6 million paying customers, up from the 5 million it had in February 2019.The new numbers come as much of the world is working from home and schools turn to online learning, to try and mitigate the spread of coronavirus. Google's Hangouts Meet video meeting tool, part of G Suite, now has 25 times more daily usage than it did in January, according to CNBC.However, Google faces intense competition from Zoom, Microsoft Teams and Cisco WebEx, especially as an increase in remote work creates more demand for these tools.Visit Business Insider's homepage for more stories.

Google's bundle of productivity tools for businesses and schools, G Suite, now has 6 million paying customers, according to a report from CNBC, which Google confirmed to Business Insider. That represents an increase from the 5 million customers G Suite had in February 2019.

A customer, in this usage, generally means a company or other organization that's using the premium version of G Suite, rather than the free version of tools like Gmail and Google Docs available for consumers. 

Additionally, Google's Hangouts Meet videoconferencing tool, which is part of G Suite alongside enterprise versions of Gmail and Google Docs, has 25 times more daily usage now than it did in January, though it didn't go into specific figures. Hangouts Meet complements Hangouts, the standard chat app that's also available to consumers.

These new numbers come as much of the world is working from home and schools turn to online learning, to try and mitigate the spread of coronavirus. 

Due to the increased need for video conferencing tools amid the coronavirus crisis, Google is made the premium paid features in its Hangouts Meet video-conferencing features free until September 30, extended from the previous end date of July 1.

It's competitors like Zoom and Microsoft Teams have made similar offers to help those in need of communication tools. The increase in remote work has also ramped up usage for those competitors. Zoom said it had 200 million daily active users at the end of March, counting free and paid users. Meanwhile, Microsoft Teams disclosed that it had 44 million daily active users in mid-March. 

On the whole, G Suite faces intense competition from Microsoft's Office 365 suite of cloud based productivity tools, which dominates the market. Google hired former Microsoft executive Javier Soltero to run G Suite last October, as it sought to ramp up its enterprise business. 

As Zoom faces numerous questions about the privacy and security of its product, Google is pitching Hangouts Meet as a secure alternative. When New York City schools decided to stop using Zoom for online learning, Google made Hangouts Meet and Google Classroom available for 1.3 million students, according to CNBC. 

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Original author: Paayal Zaveri

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Apr
07

Restaurant management platform Toast cuts 50% of staff

Last valued at $5 billion, restaurant management platform Toast has joined the sweep of startups laying off employees due to the economic impact of the COVID-19 pandemic. Toast reduced the size of its staff by 50% through layoffs and furloughs, according to a blog post from Toast’s CEO, Chris Comparato. It also reduced executive pay across the board, froze hiring, halted bonuses and pulled back offers.

The company’s flagship product helps restaurants process payments and handle orders through a mix of hardware and software. Think handheld ordering pads, self-service kiosks and display systems for kitchens. It also connects businesses to food delivery services like Grubhub.

Toast sits on the bridge between two industries in the spotlight, for better or worse, right now: restaurants and fintech. But restaurants have been hit hard as eateries were forced to close down due to state mandates, or to simply promote social distancing. As a result, fintech companies that help restaurants work better and depend on foot traffic are seeing less transaction volume.

Comparato, in the blog post, cited how restaurant revenue broadly took a huge hit in March, which naturally trickled down to Toast’s operations.

“With limited visibility into how quickly the industry may recover, and facing slower than anticipated growth, we now find ourselves in the unenviable position of reducing our headcount,” he wrote. He noted that before the pandemic hit, Toast revenue grew 109% in 2019. In an interview with Crunchbase News in February, chief financial officer Tim Barash said that the company’s goal in the next few years is to go public.

The Toast employees laid off were offered a “severance package, benefits coverage, mental health support, and an extended window during which they can purchase vested stock options,” the blog post detailed. Toast is also developing a program to help those laid off or furloughed look for new roles, a move that mimics other efforts we’ve seen across the startup world.

Investors in Toast include TCV, Tiger Global Management, Bessemer Venture Partners and T. Rowe Price Associates.

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Apr
07

Almost all of San Francisco's public transit will be shut down as the city gears up for an expected surge in coronavirus cases

The majority of San Francisco's public transit lines are being shut down amid the coronavirus pandemic.Out of Muni's 68 bus lines, only 17 will be kept open for essential workers.The change is due to over 40% of bus operators being expected to not come to work in the coming week and to instead stay at home as much of the city is already doing.Visit Business Insider's homepage for more stories.

Much of San Francisco's public transit system is being shut down as the city gears up for an expected surge in cases of the coronavirus disease, known as COVID-19. 

Of the 68 bus routes that are part of the city's Muni system, only 17 will be kept open. The decision to shutter 51 public transportation lines is necessary as more than 40% of bus operators will stop coming into work to instead stay at home to help in curbing the spread of the virus, according to a post on the San Francisco Municipal Transportation Agency website. Many of the operators have underlying conditions and are considered high-risk of contracting the virus.

The 17 bus routes will focus on continuing to serve essential workers, such as healthcare workers and grocery workers, who cannot stay at home during the shelter-in-place order as others can. 

"As a lifelong advocate of transit and director of the SFMTA, I never thought I'd say this, but please, if you have any other option getting around, please do not ride Muni," the agency's transportation director Jeffrey Tumlin said in a Monday news conference. The changes will go into full effect on Wednesday.

Public transit has remained open during the shelter-in-place order for those providing essential services. But since the coronavirus and its impact reached San Francisco in late February and early March, ridership on Muni as well as other transit systems, such as BART, have plummeted as workers have migrated to working remotely in their homes. 

Muni has reported an estimated weekly loss of $1 million since residents have been directed to stay in their homes to inhibit the spread of the coronavirus disease, known as COVID-19. On March 26, Muni announced it was shuttering its train and light rail lines and replacing them with buses. 

BART, the Bay Area's largest transit operator, has seen ridership drop and is losing an estimated $57 million a month in sales taxes, fares, advertising revenue, and parking fees.

The SFMTA has taken other precautions amid the outbreak, like replacing the city's beloved cable cars with buses to provide operators with a closed cab. The open-air vehicles didn't have any such partition protecting operators from riders. Operators can also use their discretion and skip bus stops if they deem their vehicles too full of passengers to allow social distancing.

Public transit ridership across the country has dropped, as The New York Times reports. Some transit stations in Washington D.C., Maryland, and Virginia have shuttered due to staff shortages, according to WTOP. Transit service in Boston has also been limited in response to the spread of the virus.

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Original author: Katie Canales

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Apr
07

The wild life of billionaire Twitter CEO Jack Dorsey, who eats one meal a day, dates models, and just said he's pouring $1 billion of his own wealth into a coronavirus relief fund (TWTR)

Jack Dorsey cofounded Twitter in 2006 and the company has made him a billionaire.He is famous for his unusual life of luxury, including a daily fasting routine, regular ice baths, and a penchant for dating models.Dorsey holds two CEO jobs at Twitter and Square, and activist investors Elliott Management have threatened to oust him from Twitter.The CEO announced that he was putting an estimated 28% of his total wealth, or $1 billion, into relief efforts for the global coronavirus pandemic.Visit Business Insider's home page for more stories.

From fighting armies of bots to quashing rumours about posting his beard hair to rapper Azealia Banks, Twitter CEO Jack Dorsey leads an unusual life of luxury.

Dorsey has had a turbulent career in Silicon Valley. After cofounding Twitter in 2006, he was booted as the company's CEO two years later, but returned in 2015 having set up his second company, Square.

Since then, he has led the company through the techlash that has engulfed social media companies, at one point testifying before Congress alongside Facebook COO Sheryl Sandberg.

His latest threat comes from Elliott Management, an activist investor seeking Dorsey's removal from Twitter, per Bloomberg reporting. The firm holds substantial stock in Twitter and four board seats.

Dorsey has elsewhere provoked his fair share of controversy and criticism, extolling fasting and ice baths as part of his daily routine. His existence is not entirely spartan, however. Like some other billionaires, he owns a stunning house, dates models, and drives fast cars.

Although he recently announced he would be using his wealth for more philanthropic efforts. The CEO posted his intentions on Twitter to put $1 billion of his own equity in Square into a new charity fund that would help fight the global coronavirus pandemic. The financial backing, Dorsey estimated, amounts to roughly 28% of his total wealth.

Scroll on to read more about the fabulous life of Jack Dorsey.

Rebecca Borison and Madeline Stone contributed reporting to an earlier version of this story.

Original author: Isobel Asher Hamilton and Katie Canales

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Apr
07

Google is making the premium version of its workplace video chat tool free until the end of September, to help businesses and schools working remotely due to coronavirus (GOOG, GOOGL)

Google is making the premium paid features in its Hangouts Meet video-conferencing features free until September 30, extended from the previous date of July 1, to help businesses and schools keep operating remotely as they're impacted by the coronavirus.Those features include being able to have up to 250 participants per call, live streaming for up to 100,000 viewers within a domain, and the ability to record meetings and save them to Google Drive. "As more employees, educators, and students work remotely in response to the spread of COVID-19, we want to do our part to help them stay connected and productive." Google wrote in a blog post.Zoom, a leading competitor to Google's chat tools, lifted time limits on its free product for users in China and made its product free for schools. Analysts say that cloud software tools that help people stay connected could actually benefit from increased usage due to the coronavirus, as more people work remotely.Visit Business Insider's homepage for more stories.

Google is giving everybody free access to its advanced Hangouts Meet video-conferencing features for free until September 30, to help businesses and schools that have been impacted by the coronavirus disease, COVID-19. 

At the beginning of March, Google said it would make its premium Hangouts Meet features free until July 1. On Tuesday, that was extended to September 30. G Suite also now has over 6 million paying businesses as of March, up from 5 million in February 2019, the company told CNBC on Tuesday.

—Sundar Pichai (@sundarpichai) March 3, 2020

In a blog post, the company said "as more employees, educators, and students work remotely in response to the spread of COVID-19, we want to do our part to help them stay connected and productive." 

Hangouts is part of Google's G Suite set of productivity tools, alongside Google Docs and Sheets. It also has an education focused version of its product and an enterprise version for large businesses called Hangouts Meet, in an paid enterprise version of G Suite. It's that premium version that will be made free until the end of September.

Those features include being able to have up to 250 participants per call, live streaming for up to 100,000 viewers within a domain, and the ability to record meetings and save them to Google Drive. 

This comes well after Zoom, a competitor to Google's Hangouts Meet tool, lifted time limits on its free product for users in China and made the product free for schools. 

As the coronavirus pandemic continues, many schools and offices have been closed. Tools like Google Hangouts, Zoom, and Cisco's WebEx are being used to allow classes to continue remotely for students of all ages and grade levels. Zoom, for its part, has seen a tremendous spike in usage, even as it faces scrutiny over its security and privacy practices, going from 10 million daily active users in December to 200 million by the end of March.

"We're committed to supporting our users and customers during this challenging time, and are continuing to scale our infrastructure to support greater Hangouts Meet demand, ensuring streamlined, reliable access to the service throughout this period," Google said in a blog post in March.

Got a tip? Contact this reporter via email at This email address is being protected from spambots. You need JavaScript enabled to view it. or Signal at 925-364-4258. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop.

Original author: Paayal Zaveri

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Dec
19

Roundtable Recap: December 18 – Tough Love Leads to Rapid Progress - Sramana Mitra

Uber drivers have told Business Insider the company's restrictive and inconsistent coronavirus sick pay policy is forcing them to choose between their health and their bank accounts.Public health officials have instructed older Americans, those with serious underlying health conditions, and people experiencing common coronavirus symptoms to stay home to avoid catching or spreading the disease.But Uber has refused to pay drivers facing those circumstances, even as it deactivates their accounts in an apparent acknowledgement of the risk they may pose to passengers.By denying sick pay to those most at risk of spreading or developing serious infections from COVID-19, drivers say Uber is discouraging them from following public health guidelines even if they're sick.An Uber spokeswoman told Business Insider the company made mistakes in rolling out the policy and that it's working to improve the policy and process for receiving compensation."We have paid more than $3 million in financial support to drivers and delivery people in the US," the spokeswomen said.Visit Business Insider's homepage for more stories.

Uber's restrictive coronavirus sick pay policy is putting many drivers in a bind: tell the company that they're at higher risk of catching or spreading the virus and lose their main source of income — or continue driving and potentially put others at risk.

In early March, Uber announced a financial assistance program, effectively a sick pay policy, that promised up to 14 days of compensation to drivers diagnosed with COVID-19 or told by a public health agency to self-quarantine.

After the initial policy was criticized for making it nearly impossible for drivers to meet the requirements given the limited availability of tests, Uber started using additional language on its website and in communications with drivers to clarify that those who had a doctor's note telling them to self-isolate due to their "risk of spreading COVID-19" or who had their accounts restricted after Uber received information from a public health agency that they had "been exposed to someone diagnosed with COVID-19" were also eligible.

Last week, Business Insider reported that several drivers' claims were denied even though they met those eligibility criteria. While Uber ultimately paid the drivers after learning about their situations from our reporting, more than 60 additional drivers have since contacted Business Insider to say their claims have also been denied.

At-risk individuals need not apply

A few of the drivers who reached out do appear to meet one of Uber's criteria, including Daniel H., a driver in Los Angeles who tested positive for COVID-19 but couldn't get paid because his test result documentation came from the test provider instead of a doctor or public health agency.

An Uber spokeswoman told Business Insider that the company is re-visiting cases where it deemed drivers ineligible and will reverse those it incorrectly denied.

But the vast majority of drivers don't appear to qualify. Uber's policy only covers those who are told by a doctor to self-isolate because they're at a higher risk of "spreading" the disease, but not a higher risk of "catching" it. That nuanced distinction has been a source of confusion and frustration among many drivers who spoke to us, as they believed they should qualify given the increased health risks.

While it's not possible to publish all of their stories here, a common theme was outrage at the technicalities on which Uber had refused to pay them as well as its decision to deactivate their accounts almost immediately (apparently as a precaution to protect passengers) even as it took days or weeks to ultimately deny them compensation.

(Many requested anonymity out of fear that Uber would retaliate by terminating their accounts.)

Some drivers had a doctor's note instructing them to stop driving because they're older or have underlying health issues — such as diabetes, chronic lung diseases, and heart conditions — that may make them more susceptible to severe COVID-19 infections, while some live with or care for such individuals and said they worry about exposing them.

Other drivers had given rides to passengers who were showing coronavirus-like symptoms — or were experiencing symptoms themselves. 

A driver in Boston told Business Insider that his girlfriend, who also drives for Uber, had picked up a doctor who had just returned from Italy and was coughing, sneezing, and complaining of a headache. While she got tested for coronavirus and Uber eventually paid her, the Boston driver has Type 1 diabetes, asthma, and three heart conditions.

Despite his doctor's note ordering him to quarantine, Uber never responded to his claim. "We each gave a combined 213 rides in the six days after that ride all on Uber's platform," he said.

A driver in Dallas told Business Insider that a passenger he picked up from the airport in mid-March "was coughing the whole 26 minutes to downtown Dallas." But his doctor's note citing his exposure to the passenger, who ultimately tested positive for COVID-19, didn't make him eligible for the policy either.

"This [policy] isn't something Uber should publicly say and not honor it to the ones who need it most," said the Dallas driver, who has been in self-quarantine since March 30 and is struggling to make mortgage payments.

An Uber spokesperson told Business Insider that the company acknowledges it made mistakes in rolling out its policy and that it has taken steps to improve the customer support experience, though she confirmed the eligibility criteria have not changed.

"We have paid more than $3 million in financial support to drivers and delivery people in the US. As this pandemic continues to evolve, our policy will continue to evolve, too, so we can help support as many of those who are driving and delivering food as possible," the spokesperson said in a statement to Business Insider.

Dangerous incentives

Public health authorities have advised Americans over 65, those with certain health conditions, and those experiencing coronavirus symptoms to stay home to protect themselves and others in their communities. Meanwhile, Uber explicitly states on its website that such individuals — even they're ordered by a doctor to self-quarantine — are not covered under its policy.

A majority of the drivers who contacted Business Insider said Uber is their main or only source of income, so having their accounts suspended has put them in a desperate financial situation.

Larry Carroll, a Los Angeles-based driver who has completed more than 6,000 rides over the past two years, submitted a doctor's note ordering him to self-quarantine, but after initially saying it would disburse his payment within 2-5 days, Uber backpedaled and denied his claim.

"I have officially run out of money," said Caroll, who is homeless and has been living out of his car, "and now, despite any risk to myself or anyone else, am forced to have to get up and try and find a job or risk even worse financial ruin."

Drivers who haven't yet submitted claims say Uber's narrowly defined policy and the risk of deactivation is discouraging them from getting off the road, despite public health guidelines urging them to do so.

"I wish I could stay home safe because I know if I get coronavirus I have a small chance of making it," a driver in Hartford, Connecticut, who has Addison's disease, told Business Insider. "I'm afraid they will deactivate me," she said, "so I work and pray I don't get the coronavirus. If I don't work I lose my car and my house."

Another driver in Illinois told Business Insider that they're putting themselves and others at risk by continuing to drive for Uber, but that the economic pressure is too great to stop.

"It is staggering the amount of sick people I drive around these days. I am in conditions that violate public health authorities' recommendation for social distance," they said, adding: "This is my only source of income. In order to make a living I must put myself and my community in danger by disregarding the guidelines given by every public health authority."

Read Uber's full statement below:

"In a time of great hardship and uncertainty, we are doing our best to provide some relief and certainty to drivers, which is why we took action early on to help support those who were providing essential services to their communities. 

On March 6, we announced a financial assistance package for drivers and delivery people who were diagnosed with COVID-19 or had been ordered to self-quarantine or self-isolate by a doctor or public health authority because they were at risk of spreading the disease.

"To date, we have paid more than $3 million in financial support to drivers and delivery people in the US. As this pandemic continues to evolve, our policy will continue to evolve, too, so we can help support as many of those who are driving and delivering food as possible."

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Original author: Tyler Sonnemaker

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Jan
07

CES 2022: Eyeing an enterprise metaverse

A new venture fund is offering grants of $10,000 to $500,000 to coronavirus researchers, and every grant decision will be made in less than 48 hours.The fund, Fast Grants, has raised $10 million from 10 backers including Paul Graham, Stripe cofounders John and Patrick Collison, and LinkedIn cofounder Reid Hoffman.Backers say they were inspired by the World War II-era National Defense Research Committee, which sidestepped traditional grant approval processes to fund scientific research quickly. Visit Business Insider's homepage for more stories.

A group of tech entrepreneurs and venture capitalists have committed $10 million to COVID-19 research, aiming to sidestep the lengthy grant approval process that academics typically face.

The fund promises "Fast Grants" of $10,000 to $500,000 that will go to researchers that focus on coronavirus prevention and treatment. Starting April 12, every grant application will be approved or denied in less than 48 hours, after which researchers will receive payment "as quickly as your university can receive it."

Backers include Y-Combinator cofounder Paul Graham, billionaire entrepreneur brothers John and Patrick Collison, and venture capitalist Reid Hoffman, among other entrepreneurs and VCs. The grants will be administered by George Mason University's Emergent Ventures.

Typically, the grant approval process for academics can take months or years — but the Fast Grants fund prioritizes speed.

"Science funding mechanisms are too slow in normal times and may be much too slow during the COVID-19 pandemic. Fast Grants are an effort to correct this," the fund's website says. "We'll prefer projects that are cheap (so that our fund dollars go further) and that will yield results quickly (during COVID-19, days matter)."

The fund was inspired by the National Defense Research Committee, an organization created during World War II that aimed to fund emergency scientific research as quickly as possible. From 1940 to 1941, it allocated $6.5 million, or over $120 million when adjusted for inflation.

Researchers can apply at the Fast Grants website.

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Original author: Aaron Holmes

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Nov
13

Bootstrapping a Virtual Company to 5 Million Plus: Nick Shaw, CEO of Renaissance Periodization (Part 6) - Sramana Mitra

There are three major new features in the DualSense that the PlayStation 4 gamepad doesn't have: haptic feedback, adaptive triggers, and a built-in microphone array.

The first is an extension of already existing rumble — haptic feedback makes controller rumble feel more realistic, "such as the slow grittiness of driving a car through mud," the blog post says. What this could mean for, say, a driving game is that you'll feel the car driving through said mud more directly.

The second, adaptive triggers, is another evolution of an existing gamepad feature. The left and right triggers on current-generation gamepads act, more or less, like buttons. They may look like triggers, but they're not pressure sensitive — after a certain amount of pressure is exerted, they activate (like a button), rather than gradually reacting depending on how hard you pull.

But with the DualSense's adaptive triggers, you could use a trigger the same way a gas pedal in a car works. The more you push down a pedal, the harder your car works to accelerate — adaptive triggers provide the same function.

And in the case of the built-in mic array, Sony says it can be used in lieu of a gaming headset. It "will enable players to easily chat with friends without a headset," the blog post says.

Original author: Ben Gilbert

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Nov
13

Fluidly, the ‘intelligent’ cashflow management SaaS for SMEs, picks up £5M Series A

Venture-backed startups have begun laying off employees, as the coronavirus and the subsequent economic shutdown has wreaked havoc on companies large and small. Business Insider is keeping a list of running list of startups that are slashing headcount. Visit Business Insider's homepage for more stories.

$1.5 billion ZipRecruiter just laid off hundreds only days after the CEO said the economy was headed for a steep increase in hiring after the end of the coronavirus

The CEO of Voi, scooter rival to $2.5 billion Bird, goes public on why it furloughed and laid off staff to cope with COVID-19

Electric scooter startup Bird has laid off 30% of the company in a scramble to preserve a 'cash runway' to last until the end of 2021

TripActions, the $4 billion Andreessen Horowitz-backed corporate travel startup, just laid off 296 employees as the travel industry grinds to a halt

Andreessen Horowitz-backed Wonderschool just laid off 75% of staff on a Zoom call, telling employees the coronavirus could dry up any more funding for 2 years

O'Reilly Media, known for its influential open source conferences and books about coding, has laid off 75 people and shuttered its events business

Pay-by-the-minute fitness app Popin has shut down, according to an email sent out to its users

Buzzy luggage startup Away has furloughed half of its staff and laid off 60 employees as the coronavirus continues to crush the travel industry

ThirdLove, the buzzy lingerie upstart that challenged Victoria's Secret's dominance, just laid off nearly 30% of its workforce as the coronavirus crushes DTC companies

Iris Nova, the buzzy direct-to-consumer startup backed by Coca-Cola, has laid off half its staff as the coronavirus pandemic hits its retail business

Startups like ClassPass and The Wing have cut significant portions of their workforce

A leaked memo reveals that the Kevin Durant-backed sports media startup Overtime just laid off 20% of its staff, and won't give affected employees healthcare or severance unless they sign a confidentiality agreement

Flex-space unicorn Knotel just laid off 30% of workers and furloughed another 20% as the coronavirus cripples a once buzzy industry

SoftBank-backed real estate brokerage Compass just slashed 15% of staff and is pausing marketing as coronavirus slams the housing market

Days after laying off 20% of its workforce, Brookfield-backed Convene furloughs more than half of remaining employees due to coronavirus closures

Airbnb-backed Zeus Living just laid off 30% percent of staff as the coronavirus upends travel and hospitality startups

Original author: Business Insider

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Nov
09

Everything you missed from the Startup Battlefield Latin America

Rideshare drivers for Uber and Lyft say their income has collapsed amid coronavirus, and support from the rideshare companies has been sparse.Business Insider surveyed over 1,000 rideshare drivers and gig workers. Drivers who are still working said their weekly earnings have dropped by anywhere from 50% to 80% in the past month. Many have stopped driving altogether due to safety concerns. Others are pivoting to delivery work, which they say has remained more profitable amid the quarantine.Uber and Lyft have promised to give drivers disinfectant supplies, and Uber promised paid sick leave, but drivers say those benefits are unreliable and difficult to access.Visit Business Insider's homepage for more stories.

Eddie, a 66-year-old Honolulu Uber driver, regularly works 10 hours a day on the app.

A month ago, he could net $200 per day from Uber. But by late March, his income had plunged to just $25 per day spread across 10 hours. The money has become so negligible that Eddie finally decided to stop driving altogether.

"I currently earn $2.50 per hour, on top of the exposure to riders who possibly carry the virus," he told Business Insider. "I cannot for my own sanity justify to myself why I would jeopardize the health and well being of other riders and of course my own family's."

Lockdowns amid the coronavirus outbreak have been financially devastating for rideshare drivers across the country. More than 1,000 rideshare and delivery workers responded to a Business Insider survey this week — drivers quoted in this article, whose employment Business Insider has verified, described drops in income that mirror Eddie's.

Both Uber and Lyft, which have near-identical business models and pricing, have rolled out measures to support drivers through the coronavirus outbreak — both companies say they provide free disinfectant supplies to drivers, and Uber has vowed to cover two weeks of paid sick leave for drivers. But drivers told Business Insider that the free cleaning supplies are often hard to find, and that Uber's sick pay is unreliable.

A Lyft spokesperson told Business Insider that cleaning supplies are delivered in bulk shipments, and drivers will be notified when they arrive.

An Uber spokesperson told Business Insider that the company is "committed to working with drivers and delivery people around the world to help support them," but declined to answer specific questions about cleaning supplies or sick payments. Uber SVP Andrew Macdonald tweeted Thursday that shipments of disinfectants are "now starting to make their way to drivers."

In the immediate term, drivers are poised to get some relief from the newly-passed CARES Act, which extends unemployment benefits to gig workers for the first time ever. Some drivers also told Business Insider they're pivoting to delivery work, which they say has remained profitable amid social distancing measures. 

Here's exactly how much of a financial toll coronavirus is taking on rideshare work, according to drivers.

Original author: Aaron Holmes

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Nov
10

1Mby1M Virtual Accelerator Investor Forum: With Kelly Perdew of Moonshots Capital (Part 1) - Sramana Mitra

Instagram said in January it was starting to roll out direct-messaging on desktop computers and web browsers, but many users are just starting to see the change this week.Direct Messages have long been a feature only available via Instagram's mobile app, but many users now have the ability to start, read, and send DMs on their laptops and computers.Here's how to see if you're one of the users who has Instagram DMs on their desktop as the company completes the feature's global rollout.Visit Business Insider's homepage for more stories.

Instagram is continuing to roll out a crucial feature to desktop computers and web browsers that has up until now been limited to the platform's mobile app: Direct Messages.

A "small percentage" of users have had access to DMs on their desktop since January, when Instagram first told The Verge it was testing the feature. However, it seems that Instagram has ramped up the rollout of the test, with dozens of users taking to Twitter this week to share the discovery of having DMs on their desktops.

An Instagram spokesperson told Business Insider that the feature is not yet available to the "entire global community," but said the company is "working on it."

Accessing Instagram DMs via desktop will be a welcomed addition for influencers, brands, and others who heavily rely on direct messaging on a regular basis. Users will be able to start one-on-one and group chats, read and send to messages, share photos, and double-tap to react to responses. However, you're still unable to video chat via Instagram, which you're able to do through DMs on the mobile app.

Facebook, Instagram's parent company, has made a series of changes in the last year to prioritize private messaging across its family of platforms. A standalone app launched in late 2019, called Threads, for Instagram users to exchange messages and photos with those on their Close Friends list. Facebook debuted a desktop app for Messenger just last week. All of this comes after the New York Times reported in early 2019 that Facebook CEO Mark Zuckerberg had directed employees to integrate private messaging services across Facebook, Instagram, and Messenger. Zuckerberg later said that the integration wouldn't come until 2020 at the earliest.

Here's how to check if you're one of the users given the ability to send and receive Instagram DMs on their desktop:

Original author: Paige Leskin

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Apr
07

Microsoft is freezing hiring except in some unspecified 'strategic areas' (MSFT)

Microsoft is "temporarily pausing recruitment" for some roles amid uncertainty caused by the coronavirus crisis, the company confirmed Tuesday.It's still hiring for "certain strategic areas," a spokesperson said, but declined to disclose which teams or roles that might refer to.Employees who spoke to Business Insider said the company is still hiring within its Azure cloud business and "prioritizing consumer-facing and critical roles." Click here to read more BI Prime stories.

Microsoft is freezing hiring for some roles, citing uncertainty related to the coronavirus crisis, the company confirmed on Tuesday, except in unspecified "strategic areas."

"We continue to seek industry-leading talent in a range of disciplines as we continue to invest in certain strategic areas," a Microsoft spokesperson said. "However, in light of the uncertainties presented by COVID-19, we are temporarily pausing recruitment for other roles."

Microsoft declined to provide more information about for which positions it's still hiring, and which roles are seeing a pause in hiring.

According to employees who spoke with Business Insider, Microsoft is still hiring for roles within its massive cloud computing business, and the company was holding virtual hiring events for software engineers as recently as last week. Some groups, one employee said, are "prioritizing consumer-facing and critical roles." 

Microsoft-owned LinkedIn also enacted a companywide pause on new hires, according to an internal memo obtained by Business Insider.

The coronavirus will likely cause hiring freezes and layoffs across many industries, according to experts.

Microsoft has more than 150,000 employees. Microsoft has handled the coronavirus crisis internally by mandating that most of its US employees to work from home "until further notice," streaming company-wide town halls from executives' homes, expanding benefits like paid leave for parents, and even delivering food and medications to employee homes.

Meanwhile, Microsoft is seeing a huge surge of new customers because of the crisis. The company, for example, clocked a 775 percent spike in usage of its Teams chat app in an area of Italy that implemented a lockdown. 

With all those new users have come issues with capacity. In response, Microsoft said it will place a "few temporary restrictions" for Azure customers, such as limits on free offers and "certain resources" for new subscriptions. 

Are you a Microsoft employee? 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.

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Original author: Ashley Stewart

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07

New email service, OnMail, will let recipients control who can send them mail

A number of startups over the years have promised to re-invent email only to have fallen short. Even Google’s radical re-imagining, the Inbox app, finally closed up shop last year. Today, another company is announcing its plans to build a better inbox. Edison Software is preparing to launch OnMail, a new email service that lets you control who enters your inbox. This is handled through a new blocking feature called Permission Control. The service is also introducing a number of other enhancements, like automatic read receipt and tracker blocking, large attachment support, fast delivery, and more.

Edison is already home to the popular third-party email app, Edison Mail.

Edison Mail is designed to work with your existing email, like your Gmail, Yahoo, Microsoft, or iCloud email, for example, among others. OnMail, however, is a new email service where users will be assigned their own email account at @onmail.com when the product debuts later this summer.

At launch, the web version of OnMail will work in a number of browsers. It will also work in the existing Edison Mail apps for Mac, iOS, and Android.

 

The biggest idea behind OnMail is to create a better spam and blocking system.

Though Gmail, Outlook.com, and others today do a fairly decent job at automatically filtering out obvious spam and phishing attempts, our inboxes still remain clogged with invasive messages — newsletters, promotions, shopping catalogs, and so on. We may have even signed up for these at some point. We may have even tried to unsubscribe, but can’t get the messages to stop.

In other cases, there are people with our email address who we’d rather cut off.

The last time Gmail took on this “clogged inbox” problem was in 2013 when it unveiled a redesigned inbox that separated promotions, updates, and emails from your social media sites into separate tabs. OnMail’s premise is that we should be able to just ban these emails entirely from our inbox, not just relocate them.

OnMail’s “Permission Control” feature allows users to accept or decline a specific email address from being able to place mail in your inbox. This is a stronger feature than Edison Mail’s “Block Sender” or “Unsubscribe” as a declined sender’s future emails will never hit your inbox — well, at least not in a way that’s visible to you.

In technical terms, declined senders are being routed to a folder called “Blocked.” But this folder isn’t displayed anywhere in the user interface. The blocked emails won’t get pulled up in Search, either. It really feels like the unwanted mail is gone. This is all done without any notification to the sender — whether that’s a human or an automated mailing list.

If you ever want to receive emails from the blocked senders again, the only way to do so will be by reviewing a list of those senders you’ve banned from within your Contacts section and make the change. You can’t just dig into a spam folder to resurface them.

In another update that puts the needs of the receiver above those of the sender, OnMail will remove all information sent from any invisible tracking pixels.

Today, most savvy email users know to disable images in their Gmail or other mail apps that allow it, so their email opens are not tracked. But OnMail promises to remove this tracking without the need to disable the images.

“We view pixel tracking as this horrific invasion of privacy and this is why we block all read receipts,” noted Edison Co-Founder and CEO, Mikael Berner. “The sender will never know that you opened their email,” he says.

Other promised features include an improved Search experience with easy filtering tools, support for large attachments, enhanced speed of delivery, and more.

Edison says it’s been working to develop OnMail for over two years, after realizing how broken email remains.

Today, U.S. adults still spend over 5 hours per day in our inboxes and feel like they’ve lost control. Tracking pixels and targeted ads are now common to the email experience. And searching for anything specific requires complicated syntax. (Google only recently addressed this too, by adding filters to Gmail search — but just for G Suite users for now.)

It may be hard for people who have set up shop for 10 or 20 years in the same inbox to make a switch. But there’s always a new generation of email users to target — just like Gmail once did.

And now that Gmail has won the market with over 1.5 billion active users, its innovations have slowed. Every now and then Gmail throws a bone — as with 2018’s debut of Smart Compose, for example — but it largely considered the email problem solved. A little fresh competition is just the thing it needs.

“We’ve invested years as a company working to bring back happiness to the inbox,” said Berner, in a statement. “OnMail is built from the ground up to change mail. Nobody should fear giving out their address or have to create multiple accounts to escape an overcrowded mailbox,” he said.

OnMail’s premise sounds interesting. However, its software is not yet live so none of its claims can be tested at this time. But based on Edison’s history with its Edison Mail app, it has a good handle on design and understanding what features email users need.

Currently, OnMail is open only to sign-ups for those who want to claim their spot on its platform first. Like Gmail once did, OnMail will send out invites when the service becomes available. Unlike Gmail, OnMail won’t be ad-supported, but will eventually offer free and paid versions of its service.

 

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Apr
07

Dear Sophie: Is unemployment considered a public benefit?

Sophie Alcorn Contributor
Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives.

Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.

“Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops, a founder or seeking a job in Silicon Valley, I would love to answer your questions in my next column.”

“Dear Sophie” columns are accessible for Extra Crunch subscribers; use promo code ALCORN to purchase a one or two-year subscription for 50% off.

Dear Sophie: I have an H-4 visa and work authorization. I currently have a job that’s considered nonessential during the coronavirus emergency. If I get laid off, I would need unemployment assistance while I look for another job.

Would getting unemployment benefits hurt my or my spouse’s green card petition under the new public charge rule?

— Nonessential in NorCal

Dear Nonessential:

Thanks for your timely question. The short answer is no, getting unemployment benefits alone right now won’t jeopardize your or your spouse’s green card. This is because receiving unemployment benefits, getting tested for coronavirus and seeking emergency medical treatment (even if it’s covered by Medicaid) are all exempt from consideration as government benefits under the new public charge rule.

Immigration officials have long had the authority to deny individuals a visa or green card if they are likely to be dependent on public benefits. The new public charge rule, which went into effect on February 24, expands the factors immigration officials will consider. An additional form seeking health and financial information must now be submitted with most visa and green card applications. Immigration officials will use that information to determine whether applicants are or are likely to become dependent on government benefits.

If you have received a public benefit in the past, your application won’t necessarily be denied, but given what’s at stake, it’s important to consult an experienced immigration attorney.

Individuals who will be subjected to the increased scrutiny of the expanded public charge rule are:

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07

Relativity Space’s focus on 3D printing and cloud-based software helps it weather the COVID-19 storm

Just like in almost every other industry, there’s been a rash of layoffs among newer space startups and companies amid the novel coronavirus crisis. But Relativity Space has managed to avoid layoffs — and is even hiring, despite the global pandemic. Relativity CEO and founder Tim Ellis cites the company’s focus on large-scale 3D printing and its adoption of cloud-based tools and technologies as big reasons why his startup hasn’t felt the pinch.

Because Relativity’s forthcoming launch vehicle is almost entirely made up of 3D-printed parts, from the engines to the fuselage and everything in between, the company has been able to continue producing its prototypes essentially uninterrupted. Relativity has been classified an essential business, as have most companies operating in anything related to aerospace or defense, but Ellis said that they took steps very early to address the potential threat of COVID-19 and ensure the health and safety of their staff. As early as March 9, when the disease was really first starting to show up in the U.S. and before any formal restrictions or shelter-in-place orders were in effect, Relativity was recommending that employees work from home where possible.

“We’re able to do that, partially because with our automated printing technology we were able to have very, very few people in the factory and still keep printers running,” Ellis said in an interview. “We actually even have just one person now running several printers that are still actually printing — it’s literally a single person operating, while a lot of the company has been able to make progress working from home for the last couple of weeks.”

Being able to run an entire production factory floor with just one person on-site is a tremendous competitive advantage in the current situation, and a way to ensure you’re also respecting employee health and safety. Ellis added that the company has already been operating between multiple locations, including teams at Cape Canaveral, Florida, as well as at Stennis Space Center in Mississippi and at its headquarters in LA. Relativity also had a further distributed workforce with a few employees working remotely from locations across the U.S, and it focused early on ensuring that its design and development processes could work without requiring everyone to be centrally based.

“We’ve developed our own custom software tools to just streamline those workflows, that really helped,” Ellis said. “Also, just being more of a cloud-enabled company, while still complying with ITAR and security protocols, has been really, really advantageous as well.”

In addition to their focus on in-house software and cloud-based tools, Ellis credits the timing of their most recent round — a $140 million investment closed last October — as a reason they’re well-situated for enduring the COVID-19 crisis. He says that Relativity not only managed to avoid any layoffs, while sending out new offers, but they’re also still paying all employees, including hourly workers, their full regular wage. All of this stems from a business model that in retrospect, seems prescient, but that Ellis says actually just has significant advantages in today’s global business climate by virtue of chance. Still, he does believe that some of Relativity’s resilience thus far signals some of the biggest lasting changes that will result from the coronavirus pandemic.

“What it’s really going to change […] is the approach to global supply chain,” he said. “I think there’s going to be a big push to have more things made in America, and then less dependence on heavy globalization across supply chain. That’s one you thing we’ve always had with 3D printing — not only is it an automated technology, where we can have very few operators still making progress even during times like like this and printing some of the first-stage structures of our rocket — but on the supply chain side, just having simpler supply chains with fewer vendors and different types of manufacturing processes means it’s much less likely that we’ll see very significant supplier and supply chain interruptions.”

Meanwhile, while Ellis says that ultimately they can’t predict how the coronavirus crisis will impact their overall schedule in terms of planned launch activities, which includes flying their first 3D-printed vehicle in 2021, they anticipate being able to make plenty of progress through remote work and a production line that can easily comply with social isolation guidelines. Partner facility shutdowns, including the rocket engine test stand at Stennis, will definitely have an impact, but Relativity’s resilience could prove a model for manufacturing businesses of all stripes to emulate once this moment has passed.

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07

Rendezvous Online Recording from January 28, 2020 - Sramana Mitra

In case you missed it, you can listen to the recording here: Rendezvous Online with Sramana Mitra 1.28.20

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Original author: Maureen Kelly

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Apr
07

Mobile website builder Universe raises $10M from GV as it ventures into commerce

A startup that has framed itself as an Instagram for websites is now squaring up against Shopify as it nabs new funding from Google’s venture capital arm.

Brooklyn-based Universe has just closed a $10 million Series A from GV. The funding round was well in the works before the COVID-19 pandemic took hold stateside; nevertheless, CEO Joseph Cohen definitely sounded relieved to have everything signed.

“Hopefully, it’ll take some weight off their shoulders that may have been there otherwise,” said GV general partner M.G. Siegler, who led the deal and is taking a seat on their board.

When the team launched out of YC two years ago, the initial aim was to be the go-to short link for young people and creatives to stick in their Instagram bios. The mobile app allowed users to create very basic landing pages, allowing them to type up some text, toss up photos and arrange their creation across a couple of web pages.

As the startup matures and looks to home in on a more robust business model, they’re now looking to build an incredibly low-friction commerce platform. Users can add a shopping “block” to their site, add a photo, description and price and then start accepting orders.

“We’ve gone from a landing page builder to a full-fledged website builder,” Cohen told TechCrunch in an interview.

Universe is going after what Cohen calls “very small businesses.” This could be an artist selling prints, a yoga instructor charging for Zoom classes or one of their latest customers, a farmer selling live bait. “These are people who don’t work at desks,” Cohen says.

Shopify has been one of the biggest tech success stories of the past several years, but Cohen sees weaknesses for Universe to capitalize on. Shopify is “complex and not mobile-first,” he says. Universe not only doesn’t require a developer to implement, it doesn’t seem to require someone that’s particularly tech-savvy.

The price of simplicity for the end user is a hefty cut for Universe. At launch, the company isn’t taking a percentage for the first $1,000 of a customer’s revenue, but will take a 10% slice thereafter, a number that’s notably multiples higher than the rates of competitors.

Cohen acknowledges that if a business succeeds, this can be a significant expense for them, one that might push them to another platform. He say that he wants to figure out a model that can help his startup “grow and scale” with their customers, but he didn’t offer up any details on what that might look like.

The team is still working with free and paid “pro” tiers that offer advanced features like analytics. Commerce features will be available for both tiers.

Universe has raised $17 million to date. Other investors include Javelin Venture Partners, General Catalyst and Greylock Partners.

We chatted with GV’s M.G. Siegler about closing this deal and how his role as an investor has shifted since the current crisis took hold. You can read that interview on Extra Crunch.

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Apr
07

GV’s M.G. Siegler on portfolio management, crisis fundraising and his latest investment

The coronavirus pandemic has pushed entrepreneurs and investors into unknown territory.

Google’s GV just led a $10 million investment in Universe, a low-friction website builder that’s venturing into the world of commerce.

The investment was in the works before COVID-19 hit America in force, but things were finalized for the Brooklyn startup in late March. I chatted with M.G. Siegler, the general partner at GV (and former TechCrunch writer) who led the deal, about how the crisis was affecting his investment work and how he was balancing portfolio work with sourcing new deals.

This interview has edited for length and clarity.

TechCrunch: This deal sounds like it was in the works before pandemic concerns really hit America, but when you saw this situation arise, did it change your thinking about this deal at all?

M.G. Siegler: The reality is we’re still going to be continuing to look for interesting opportunities to invest in. History has shown that even during great financial turmoil, many companies are still being built, although it’s certainly not easy for anyone, given that we’re all stuck inside and trying to make things work. I think Universe is in an interesting spot; they have a tool that can potentially help some of these struggling businesses move online quicker and create commerce opportunities that they really need to think about given the current realities.

So there’s no thought that we shouldn’t do something just because of the current macro environment if we’re really passionate about it to begin with. Obviously, there’s varying degrees of that for different sectors, but I do think that Universe had been in a great position before this situation, and it seems like they have different opportunities now.

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Apr
07

Investor survey results: Upcoming trends in social startups

Voice-based social networks and gaming as a new form of identity were among the top emerging trends in consumer social startups, according to an Extra Crunch survey of top social tech investors. Meanwhile, anonymity and dating apps with a superfluous twist were spaces where investors were most pessimistic.

Extra Crunch assembled a list of the most prolific and well-respected investors in social. Many have funded or worked for the breakout companies changing the way we interact with other people. We asked about the most exciting trends they’re seeing and which areas they expect will soon spawn blockbuster social apps.

Subscribe to Extra Crunch to read the full answers to our questionnaire from funds like Andreessen Horowitz, CRV and Initialized.

Here are the 16 leading social network VCs that participated in our survey:

Olivia Moore, CRVJustine Moore, CRVConnie Chan, Andreessen HorowitzAlexis Ohanian, Initialized CapitalNiko Bonatsos, General CatalystJosh Coyne, Kleiner PerkinsWayne Hu, Signal FireAlexia Bonatsos, Dream MachineJosh Elman, Angel InvestorAydin Senkut, Felicis VenturesJames Currier, NFXPippa Lamb, Sweet CapitalChristian Dorffer, Sweet CapitalJim Scheinman, Maven VenturesEva Casanova, Day One VenturesDan Ciporin, Canaan

Stay tuned next week for a follow-up article from these investors detailing their thoughts on social investing in the COVID-19 era.

Olivia Moore & Justine Moore, CRV

What trends are you most excited about in social from an investing perspective?

First, it’s worth noting that consumer social is very hard to predict. Unlike enterprise software, there’s no rational buyer, and the things that take off can seem “random” or dumb. Startups that see huge success in this space are often pioneering a new feature or way of communicating that hasn’t existed before. Any VC who claims to know what the “next big thing” in consumer social will look like should probably go build it themselves!

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Apr
07

Another major fintech exit as SoFi acquires banking and payments platform Galileo for $1.2B

The fintech wars continue to heat up with another major exit in the space.

Consumer financial services platform SoFi announced today that it is acquiring payments and bank account infrastructure company Galileo for $1.2 billion in total cash and stock. The acquisition is dependent on customary closing conditions.

Salt Lake City-based Galileo was founded in 2000 by Clay Wilkes and was bootstrapped to profitability over the intervening two decades. My colleague Jon Shieber wrote a profile of Galileo back in November after the company announced its second round of external funding, a $77 million Series A check from Accel, which was led by growth partner John Locke. The company had previously raised an $8 million Series A round from Mercato Partners in April 2014.

Galileo provides APIs that allow fintech companies like Monzo and Chime to easily create bank accounts and issue physical and virtual credit cards, among myriad other services. While simple in theory, banking regulations and financial rules place a huge regulatory burden on fintech companies, burdens that Galileo takes on as part of its platform.

The company has found particular success in the United Kingdom, where all five of the country’s largest fintechs are customers. Globally, it processed an annualized $45 billion in transaction volume last month, up from $26 billion in October 2019 — nearly doubling in just six months.

From a strategic perspective, SoFi’s objective is that Galileo will help power its expanding suite of finance products and offer it another revenue source outside of consumer services. While SoFi was founded a decade ago to offer ways to secure better financial terms for student loans, it now offers a bevy of consumer financial options, including loan, investment and insurance products as well as cash and wealth management tools. With Galileo, it now has a clear B2B revenue component as well.

SoFi, which is now led by ex-Twitter COO Anthony Noto, has also raised hundreds of millions of new capital from the likes of Qatar in recent years. The company was most recently valued at $4.3 billion.

Galileo will operate as an independent division of SoFi, and will be continuing its operations with founder Wilkes remaining as chief executive.

As fintech valuations have rapidly expanded in recent years, the companies that empower those fintechs have increasingly become strategic for investors. Earlier this year, Visa bought Plaid for $5.3 billion, in what was considered a key exit for a finance infrastructure company. That exit brought acute investor and strategic interest to the space, interest that almost certainly accrued to Galileo, as well, and helps explain the company’s relatively quick exit from its funding round last year.

As for Accel, the firm has long had a strategy of investing in mostly bootstrapped companies, sometimes a decade or more after their founding, with examples outside of Galileo including 1Password, Qualtrics, Atlassian, GoFundMe and Tenable. Accel also led this type of round into payments platform Braintree, where the firm met the startup’s GM Juan Benitez, who also joined Galileo’s board in November along with Accel’s Locke.

Accel’s valuation of the deal was not publicly disclosed in November, but a source with knowledge of the acquisition today characterizes the firm’s return as more than 4x. Given that Accel held the equity for roughly half a year, that’s quite the IRR multiple in an otherwise challenging global macro context. Given that the acquisition of Galileo was for cash and stock, Accel likely now holds a stake in SoFi, making at least part of the return unrealized.

Galileo was represented by Qatalyst in the transaction.

Updated April 7 to include the $8 million Series A funding round led by Mercato Partners and more context on IRR.

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