Mar
23

Geared Up for Another Intense Covid Week

It’s amazing the havoc a 120-nanometer organism can wreak on the human race. Someone said that every 24 hours feels like a week. That would put us at the end of the school year, which kind of feels like what has actually happened.

I expect this week will be as intense as last week. While there was almost no positive news last week on any front, I feel well organized around the things I’m working on.

At Foundry Group, my partners and I spent most of our week focused inwardly on our portfolio, individual companies, supporting our partner funds, and providing as much content and connection as we could across all the companies in a rapidly changing environment. We have an awesome community of CEOs and GPs who are deeply connected to each other, so collective situational response and action happened fast. While this week will be more of the same, we feel very aligned on what is going on.

I’ve decided to focus all of my government-related energy on helping at the state level in Colorado, especially around business and innovation. I’ve agreed to be on the Economic Stabilization and Recovery Council responsible for small businesses, minority and women-owned businesses, entrepreneurial businesses, and rural entrepreneurship. I’ve also agreed to chair the Innovation Response Team. Both of these teams spun up over the weekend and have kicked into gear. More soon as we try to get ahead of everything coming at us.

Amy and I have decided to focus our philanthropic resources in Colorado with a focus on healthcare, food, and economic stabilization. So far we’ve announced three major grants and campaigns: Boulder Community Health Covid-19 Relief Fund, Covid-19 Response Fund Boulder County, and the Colorado Covid Relief Fund. More are coming this week. The organizations desperately need funding now so if you have resources, please contribute – any amount is appreciated.

Finally, I’ve re-engaged on Twitter, Facebook, and Linkedin as communication channels. While I’m not watching the stream, I’m broadcasting what’s going on and trying to respond to anyone who messages me directly.

Our world is in a crisis unlike any I’ve experienced in my life. I’m trying to focus my energy on areas I can help the most. If there’s anything I’m doing that you want to help with, please reach out and I’ll try to plug you in.

Original author: Brad Feld

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Mar
23

Updated FDA COVID-19 testing guidelines specifically disallow at-home sample collection

While a number of companies who currently offer at-home medical and health diagnostics had rushed to produce kits that would allow for self sample collection by people who passed a screening and believed they might have contracted the new coronavirus, the U.S. Food and Drug Administration (FDA) has updated its Emergency Use Authorization guidelines to private labs that specifically bar the use of at-home sample collection. This means startups, including Everlywell, Carbon Health and Nurx, will have to immediately discontinue their testing programs in light of the clarified rules.

The FDA issued the updated guidance on March 21, and though some of the companies had already begun to ship their sample collection kits to people, and even begun to receive samples back to their diagnostic laboratory partners, even any samples in-hand will not be tested, and will instead be destroyed in order to compel with the FDA’s request. Carbon Health is continuing testing at its physical clinics, and notified TechCrunch of this update on Sunday evening, and an individual who ordered the Carbon Health test and sent back their sample provided the following email explaining the decision and what happens next:

We have been working hard to provide our patients every opportunity for COVID-19 testing and treatment, including exploring different avenues for testing.

This evening, we were notified by our lab partner, Curative Inc, that the 3/21/2020 FDA update for COVID-19 testing clarified that at-home sample collection is not covered under the EUA (U.S. Food and Drug Administration’s Emergency Use Authorization). Carbon Health is discontinuing distribution of the at-home sample collection kits effective immediately.

Based on this update by the FDA, we sincerely regret to inform you that you will not get a test result. If you have already shipped your kit back, the specimen will be destroyed by Curative, Inc using standard biohazard disposal. If you have not received your kit yet, please discard it upon receipt.

Please schedule an in-clinic visit at a Carbon Health clinic near you, if possible, to be tested using our traditional specimen collection by a clinician. The turn-around time for results is about 3-5 days from time of specimen collection.

Our goal was to facilitate at home specimen collection in order to keep patients safely in their homes while also providing another avenue for patients to be tested. This is a very dynamic time and we are working tirelessly to work with new partners to expand COVID-19 testing for our communities, as soon as possible. We are truly sorry for the frustration and inconvenience this has caused.

All three of the companies we spoke to that were working to distribute these tests had partnered with labs that were approved under the FDA emergency guidelines to perform COVID-19 diagnostics, and it was the understanding of all parties that at-home self collection via swab kits was included in the authorization. All three also said they were offering their tests at-cost, and seeking ways to defray even that cost to consumers through potential healthcare agency partnerships. Each also offered telehealth consultations for both the sample-gathering process, as well as for delivery of the results.

The FDA’s goal with its emergency use authorization is to enable testing without sticking to its usual qualification process, but it must always balance accuracy and safety. It did grant emergency use approval to Cepheid’s rapid point-of-care test last Friday, as well, which should expand availability of tests on-site in locations like hospitals and emergency medical care clinics, but this updated rule means that at-home tests will not, in the near-term, be a path towards expanding testing coverage in the U.S.

Another startup, Scanwell, has developed an in-home test that includes the diagnostics, using a serological test that looks for the presence of antibodies in a person’s blood. This is still pending FDA approval, and the company is seeking that under the emergency use authorization, with an anticipated approval process time of around six to eight weeks.

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Mar
23

Thought Leaders in Cloud Computing: Chris Nguyen, CEO of LogDNA (Part 1) - Sramana Mitra

The DevOps world is fast moving towards total automation and self-correction. However, the holy grail is still another 3-5 years away. How do we get there? A fascinating conversation with Chris...

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Original author: Sramana Mitra

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Mar
23

Enable raises $13M to help distributors, manufacturers and retailers manage rebates

Enable, a U.K. startup that has developed a cloud-based “rebate management solution” to help distributors, manufacturers and retailers manage rebates, is announcing $13 million in Series A funding.

The round is led by Menlo Ventures, with participation from Sierra Ventures. As part of the investment, Menlo Ventures’ Steve Sloane has joined the Enable board.

Founded by long term business partners Andrew Butt and Denys Shortt in 2015 but launched fully in 2017, Enable makes it easy for distributors to track, manage, and optimise rebates. Rebate incentives offered by suppliers are a common industry practice, while the rebates offered are increasingly relied on by distributors to turn a profit.

However, the agreements put in place and the tracking and validating of qualifying terms has created a back office headache and many wasted hours on behalf of parties involved. Enable has set out to digitise the whole process and in turn bring suppliers and distributors more closely aligned.

“We take the pain away with our fully automated platform which becomes the system of record for all B2B deals, and the calculator of granular deal earnings,” explains Enable’s Andrew Butt. This includes a breakdown by product, location, day, supplier, and customer and the reconciliation of sales and purchase transactions pertaining to those deals.

“The complexity of these deals has also massively increased,” says Butt. “For distributors to survive, they must take full control of these deals and ensure that money is not being left on the table, yet until now there has been a lack of software that is designed around the distributor”.

In addition, he says that Enable is also allowing customers to create more targeted and better deals that “increase sales and profit, improve cash flow, and strengthen relationships” with suppliers. “We do this by identifying opportunities in the exiting deals and spotting where new deals can be created,” he adds.

Butt says the opportunity is huge, too, with Manufacturers issuing more than $1 trillion in rebates each year. Noteworthy, until now the company has been largely and in the last two years has on-boarded more than 2,000 trading partners processed rebates on more than $30 billion in sales. Customers include Rexel, Travis Perkins, and Wolseley, as well as other distributors, buying groups, and retailers from across the U.S., Canada, and Europe.

Adds Butt: “Our competitors focus on manufacturers and rebates payable – we’ve flipped the model on its head and deal with distributors and rebates receivable, which is more tricky to manage because distributors deal with a higher number and diversity of products compared to manufacturers. Also, it’s more important as rebates are now more than 100% of the profit for distributors across many verticals”.

More broadly, Butt frames Enable as a “collaborative platform” where manufacturers and distributors come together in a shared ecosystem to do better deals. “It’s like a ‘Dropbox for deals’,” he says. “[In contrast,] our competitors provide a traditional ‘private’ installation of their solution, totally segregated for each customer”.

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Mar
23

Global Savings Group acquires French cashback company iGraal for €123.5M

Germany’s Global Savings Group (GSG), the e-commerce content company, has acquired French cashback company iGraal for €123.5 million in a mixture of cash and stock.

Specifically, the deal was reached with iGraal’s majority owner M6 Group and consists of €35 million in cash; the remaining is made up of an exchange of shares. The acquisition is said to be one of the largest in the cashback and loyalty space in recent years, with iGraal considered the leading digital cashback player in France.

“In 2019, GSG and iGraal jointly saw more than six million members using its loyalty tools and connected advertisers to around 400 million consumers,” says GSG. “The deal makes GSG the largest rewards, savings and shopping content platform in Europe”.

As a result of the acquisition, Munich-based GSG says it expects to have more than half a billion shopping-related touchpoints and to facilitate over 40 million transactions to its merchant partners in 2020. (Coronavirus world recession permitting.)

It is also talking up the data it has access to, saying that the additional user interactions provide GSG with valuable new insights into the shopping behaviour of millions of consumers worldwide and will enable it to build an “even smarter” advertising platform for its partners.

In combination, iGraal and GSG say the two companies intend to expand their cashback and loyalty solutions into new European markets and significantly increase its member base and reach. Despite strong investments and market expansion, GSG expects to stay profitable also in 2020,” adds the company.

Meanwhile, the acquisition of iGraal follows GSG buying Pouch, the U.K.-based money-saving browser extension, in January 2019. This saw the Pouch team join GSG, and Pouch founders Ben Corrigan, Jonny Plein, and Vikram Simha becoming Pouch “Global Product Leads” at GSG.

Launched publicly in September 2016, Pouch is best known for its shopping tool that automatically alerts buyers to working voucher codes as they visit over 3,000 U.K. e-commerce sites. The Pouch browser extension is available for Google Chrome, Safari and Firefox.

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Mar
23

Catching Up On Readings: Coronavirus Map - Sramana Mitra

This feature from The Washington Post maps the spread of the coronavirus in the US and worldwide. It helps identify patterns in infection clusters and timelines. For this week’s posts, click on...

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Original author: jyotsna popuri

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Mar
23

Lilium raises another $240M to design, test and run an electric aircraft taxi service

Long and short distance travel have all but stopped for many people at the moment. But looking forward to a time when that may no longer be the case, a company designing flying taxis is today announcing a $240 million round of funding to help continue developing its product.

Lilium, a Munich-based startup that is designing and building vertical take-off and landing (VTOL) aircraft with speeds of up to 100 km/h, eventually plans to run in its own taxi fleet. It is deploying its latest round of funding to keep developing its aircraft and to start building manufacturing facilities to produce more of them for an expected launch date in 2025.

“We’re working to deliver a brand new form of emissions-free transport,” said a spokesperson. “Doing something like that takes significant time and investment, but the outcome is a valuable business and a chance to have a genuinely positive impact on the way we travel.”

This latest investment was an inside round (involving existing, not new, investors), and it closed last month. It was led by Tencent, with participation from other previous backers that included Atomico, Freigeist and LGT. The valuation is not being disclosed, but the company confirms that it is significantly higher than it was in its Series B in 2017. (For some more context, PitchBook estimates that last year the company was valued at around $470 million.)

The news today caps off some challenging recent months for the company, even before the coronavirus took hold of the world and cast a dark shadow on any kind of travel.

Last October, we reported that several sources said that Lilium, which employs 400 people, was looking to raise between $400 million and $500 million, a round that it had been working on for some months. In the end, the lower amount the company is putting out today is $160 million less than the lower end of that range, but from what we’ve been told, this is not far from what the company was actually aiming to raise. Still, that combined with the fact that there are no new investors in the raise might imply some challenges there.

Nevertheless, it is one of the biggest fundraises to date for a startup in the “flying vehicle” space. (Volocopter, which is also designing a new kind of flying taxi-style vehicle and service, closed a $94 million round in February.) Lilium has now raised more than $340 million to date.

“This additional funding underscores the deep confidence our investors have in both our physical product and our business case. We’re very pleased to be able to complete an internal round with them, having benefited greatly from their support and guidance over the past few years,” said Christopher Delbrück, Lilium’s CFO, in a statement. “The new funds will enable us to take big strides towards our shared goal of delivering regional air mobility as early as 2025.”

But raising money has not been the only challenge. At the beginning of this month, the older of Lilium’s two prototypes burst into flames while some maintenance was being carried out. The model was close to being retired, but testing on the second, newer model has nonetheless been paused until the company can determine the cause of the accident with the first aircraft.

“Our second demonstrator aircraft was fortunately undamaged in the fire and will begin flight testing once we’ve understood the cause of the fire in the first aircraft,” a spokesperson said.

The market for aircraft-based taxi services — be they electric, autonomous, or both — is still very nascent. There are no approved aircraft yet on the market (indeed, the regulations for what these would even look like haven’t even been created), and, as a result, there are no services yet in place, either.

But the opportunity of building fast services that could mitigate current traffic congestion, while also reducing carbon emissions, is potentially massive, and so we are seeing a lot of activity and investment from many corners as companies hope their takes on solving that challenge are the ones to hit the mark.

Lilium’s would-be rivals include not just fellow German startup Volocopter, but also Kitty HawkeHang, Joby and Uber, in addition to Blade and Skyryse, air taxi services of sorts that offer more conventional helicopters and other vessels in limited launches for those willing to spend the money.

It’s not clear how much of this will fare in the months and years ahead, in particular at a tricky time for travel and the wider economy. But for now, Lilium’s work so far — it was founded in 2015 by Daniel Wiegand (CEO), Sebastian Born, Matthias Meiner and Patrick Nathen — has been promising enough for its investors to continue backing it for the long haul.

“At Tencent we’re committed to supporting technologies that we believe have the potential to tackle the greatest challenges facing our world,” said David Wallerstein, Chief eXploration Officer at Tencent, in a statement. “Over the last few years we’ve had the opportunity to see the professionalism and dynamism with which Lilium are approaching their mission and we’re honored to be supporting them as they take the next steps on their journey.”

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Mar
22

Voi, the European e-scooter rentals startup, ‘pauses’ operations in several countries

Following similar moves by Lime, Bird, Tier and others, Voi Technology, the European e-scooter rentals and so-called micro-mobility startup, says it has “paused” operations in several countries due to the Coronvirus pandemic. This sees the company suspend operations in all but nine key cities.

In a short statement issued to media on Friday, Voi said it had regrettably been “forced” to pause operations in the majority of cities it operates in, with only a handful of its largest cities being serviced.

The cities where Voi is continuing to operate in are: Copenhagen, Helsinki, Gothenburg, Stockholm and Oslo in the Nordics, and Berlin, Hamburg, Nuremberg and Munich in Germany.

More broadly, the Coronavirus outbreak is a major blow to e-scooter companies as cities around the world are restricting movement and social distancing and isolation is, to varying degrees, being practiced. This is seeing many companies putting in place work-from-home policies and negating the need for daily commutes, where e-scooters are often favoured. The world economy is also taking a hit and therefore recreational spending and travel is on an escalating downwards trend too.

More broadly, the business plans of e-scooter rental startups factor in seasonal demand and sources told me a few months ago that runway across the industry was based on deep enough pockets and operational smarts to get through Winter and be in a strong position to capitalise on peak Spring and Summer season demand. Coronavirus inevitably means “Winter” could now last for a very long time indeed.

The rest of the statement from Voi — which raised $85 million in Series B funding in November — follows below:

In the cities we keep open we will drastically reduce our fleet size but will continue to serve our communities and wherever possible we will keep capacity at important hubs, like major transport interchanges and hospitals.

We have been forced to make this hard decision as a result of the Covid-19 pandemic. People are working from home and no longer visiting restaurants, pubs, theatres and friends and consequently have stopped using Voi e-scooters to get around.

We plan to kick start our operations again when the situation allows.

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Mar
22

1Mby1M Virtual Accelerator Investor Forum: With Deepak Jeevankumar of Dell Technologies Capital (Part 4) - Sramana Mitra

Sramana Mitra: In a cyber security startup, I don’t think anybody other than the founder who’s the product visionary can close those deals with the first few customers. Only a founder who has deep...

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Original author: Sramana Mitra

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Mar
21

YC startup Felix wants to replace antibiotics with programmable viruses

Right now the world is at war. But this is no ordinary war. It’s a fight with an organism so small we can only detect it through use of a microscope — and if we don’t stop it, it could kill millions of us in the next several decades. No, I’m not talking about COVID-19, though that organism is the one on everyone’s mind right now. I’m talking about antibiotic-resistant bacteria.

You see, more than 700,000 people died globally from bacterial infections last year — 35,000 of them in the U.S. If we do nothing, that number could grow to 10 million annually by 2050, according to a United Nations report.

The problem? Antibiotic overuse at the doctor’s office or in livestock and farming practices. We used a lot of drugs over time to kill off all the bad bacteria — but it only killed off most, not all, of the bad bacteria. And, as the famous line from Jeff Goldblum in Jurassic Park goes, “life finds a way.”

Enter Felix, a biotech startup in the latest Y Combinator batch that thinks it has a novel approach to keeping bacterial infections at bay – viruses.

Phage killing bacteria in a petri dish

It seems weird in a time of widespread concern over the corona virus to be looking at any virus in a good light but as co-founder Robert McBride explains it, Felix’s key technology allows him to target his virus to specific sites on bacteria. This not only kills off the bad bacteria but can also halt its ability to evolve and once more become resistant.

But the idea to use a virus to kill off bacteria is not necessarily new. Bacteriophages, or viruses that can “infect” bacteria, were first discovered by an English researcher in 1915 and commercialized phage therapy began in the U.S. in the 1940’s through Eli Lilly and Company. Right about then antibiotics came along and Western scientists just never seemed to explore the therapy further.

However, with too few new solutions being offered and the standard drug model not working effectively to combat the situation, McBride believes his company can put phage therapy back at the forefront.

Already Felix has tested its solution on an initial group of 10 people to demonstrate its approach.

Felix researcher helping cystic fibrosis patient Ella Balasa through phage therapy

“We can develop therapies in less time and for less money than traditional antibiotics because we are targeting orphan indications and we already know our therapy can work in humans,” McBride told TechCrunch . “We argue that our approach, which re-sensitizes bacteria to traditional antibiotics could be a first line therapy.”

Felix plans to deploy its treatment for bacterial infections in those suffering from cystic fibrosis first as these patients tend to require a near constant stream of antibiotics to combat lung infections.

The next step will be to conduct a small clinical trial involving 30 people, then, as the scientific research and development model tends to go, a larger human trial before seeking FDA approval. But McBride hopes his viral solution will prove itself out in time to help the coming onslaught of antibiotic resistance.

“We know the antibiotic resistant challenge is large now and is only going to get worse,” McBride said. “We have an elegant technological solution to this challenge and we know our treatment can work. We want to contribute to a future in which these infections do not kill more than 10 million people a year, a future we can get excited about.”

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Mar
21

Colors: Basque Hermitage, Rolling Hills - 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...

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Original author: Sramana Mitra

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Mar
21

10 countries are now tracking phone data as the coronavirus pandemic heralds a massive increase in surveillance

As coronavirus sweeps across the globe, governments are stepping up surveillance of their citizens.A new live index from digital rights group Top10VPN is documenting which countries are introducing new measures to track people's phones.Some countries are collecting anonymized data to study movement of people more generally, while others are providing detailed information about individuals' movements.Visit Business Insider's homepage for more stories.

Governments across the world are galvanizing every surveillance tool at their disposal to help stem the spread of the novel coronavirus. 

Countries have been quick to use the one tool almost all of us carry with us — our smartphones.

A new live index of ramped up security measures by Top10VPN details the countries which have already brought in measures to track the phones of coronavirus patients, ranging from anonymized aggregated data to monitor the movement of people more generally, to the tracking of individual suspected patients and their contacts, known as "contact tracing."

Other countries are likely to follow suit. The US is reportedly in talks with Facebook and Google to use anonymized location data to track the spread of the disease — although Mark Zuckerberg subsequently denied this. And the UK's top scientist has endorsed the use of contact tracing. 

Samuel Woodhams, Top10VPN's Digital Rights Lead who compiled the index, warned that the world could slide into permanently increased surveillance.

"Without adequate tracking, there is a danger that these new, often highly invasive, measures will become the norm around the world," he told Business Insider. "Although some may appear entirely legitimate, many pose a risk to citizens' right to privacy and freedom of expression.

"Given how quickly things are changing, documenting the new measures is the first step to challenging potential overreach, providing scrutiny and holding corporations and governments to account."

While some countries will cap their new emergency measures, otherwise may retain the powers for future use. "There is a risk that many of these new capabilities will continue to be used following the outbreak," said Woodhams. "This is particularly significant as many of the new measures have avoided public and political scrutiny and do not include sunset clauses."

Original author: Isobel Asher Hamilton

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Sep
17

AI Weekly: UN proposes moratorium on ‘risky’ AI while ICLR solicits blog posts

SpaceX has not closed its facilities despite the outbreak of a novel coronavirus, BuzzFeed reported on Friday.Elon Musk, the company's founder and CEO, has downplayed the pandemic. Musk said on Twitter last week that "the coronavirus panic is dumb." According to BuzzFeed, when word spread among SpaceX's Redmond office that an employee's partner had tested positive for COVID-19, an unnamed SpaceX vice president told employees that offices wouldn't close, citing Musk's tweet.At least 258,000 people have tested positive for COVID-19, the disease caused by coronavirus, and more than 11,000 have died.SpaceX and Greg Marick, the CEO of Xplor, did not immediately respond to a request for comment from Business Insider.Visit Business Insider's homepage for more stories.

The coronavirus pandemic is forcing many US businesses to restrict office access, ask employees to work from home, or shut down.

Yet in spite of the rapid spread of the virus — and an order by Los Angeles mayor Eric Garcetti to close "non-essential businesses" in the city, where SpaceX is headquartered — the rocket company appears to be humming along as normal.

Elon Musk, SpaceX's founder, has told employees that they should not come in to work if they feel sick, according to an email leaked to BuzzFeed. He has also publicly offered to use his companies, including Tesla, to build ventilator machines required to help patients with COVID-19, the respiratory disease caused by the coronavirus.

But the CEO has repeatedly downplayed the severity of the outbreak, spread information that runs counter to the latest scientific research, and questioned the need for additional ventilators as medical professionals warned of an impending crisis in providing critical care.

In a tweet last week, Musk said "the coronavirus panic is dumb."

Now a new report by BuzzFeed reporters Ryan Mac and Caroline Hawkins, published Friday, suggests that SpaceX leadership has declined to shutter even potentially affected facilities.

In one case, according to two unnamed sources referenced in the article, workers at the company's Redmond office (where SpaceX's Starlink satellite internet facilities are based) heard "through word of mouth that a colleague's partner had tested positive for the coronavirus and that the SpaceX employee would be isolating themselves."

BuzzFeed said the same two sources said "a company vice president told Seattle employees that, despite their health concerns, he could not shut the office." The vice president then cited Musk's aforementioned tweet.

The report also detailed claims by workers at a childcare center and school on SpaceX's LA campus, which is run by the company Xplor.

BuzzFeed wrote that one Xplor employee, who was not named for fear of reprisal, said:

"I have personally witnessed multiple employees that are showing signs of the coronavirus and because of the position of SpaceX management, those employees continue to work in a facility with around 5,000 employees and a childcare facility. [...] Not only is SpaceX putting direct employees in danger, but the children and employees of the school on campus are also put at risk all because of one man's ignorance."

At least 260,000 people have tested positive for COVID-19, and more than 11,000 have died. To limit the spread of infection, experts recommend avoiding large gatherings and maintaining at least 6 feet of distance from others. 

SpaceX and Greg Marick, the CEO of Xplor, did not immediately respond to a request for comment.

Read BuzzFeed's full report here.

 

Original author: Dave Mosher

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Sep
17

Demand Curve: How to get social proof that grows your startup

OfferUp plans to remove all hand sanitizer, toilet paper, protective masks, and disinfecting products from its app and website, regardless of price.The move is meant to discourage users from price gouging and taking advantage of people during the coronavirus crisis.OfferUp is a Craigslist and eBay competitor that had 44 million users as of July 2019.Click here to read more BI Prime stories.

OfferUp on Friday said it planned to remove all hand sanitizer, toilet paper, protective masks, and disinfecting products from its app and website, regardless of price, to discourage users from price gouging and taking advantage of people during the coronavirus crisis.

OfferUp, a Craigslist and eBay competitor that allows users to sell second-hand goods, told Business Insider about the plans late Friday after earlier inquiries about the company's efforts to stop users from price-gouging. 

"Since the decision was made today, we're still in process of removing these items, so you may see them on the marketplace for an indeterminate time until they are removed," an OfferUp spokesperson said.

In July 2019, OfferUp said that it had 44 million users.

As recently as Friday afternoon, a quick search for toilet paper in the Seattle area – one of the hardest-hit regions of the country amid the COVID-19 pandemic, and where OfferUp is based – pulled up results featuring users selling products for at least double the retail price.

"Hand sanitizer, toilet paper, protective masks, and disinfecting items" join OfferUp's list of prohibited items, which OfferUp says it actively removes on its own and also invite users to report. OfferUp previously banned any items claiming to prevent or cure the illness caused by coronavirus.

Amazon is also working to track down third-party sellers who are taking advantage of customers concerned about the coronavirus, showing how online retail platforms are hustling to keep up with predatory behavior on their platforms as the pandemic continues.

Earlier Friday, OfferUp said it was actively removing items with "prices that are clearly inflated above standard market value" and that its investigations team works with law enforcement agencies throughout the U.S. to investigate illegally price items.

"Additional actions, including blocking users and/or referring them to Law Enforcement, may be taken for severe or repeat offenses," the spokesperson said.

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

Original author: Ashley Stewart

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Nov
14

Jam City signs mobile game development deal with Disney

DoorDash is now offering hand sanitizer and gloves to its couriers nationwide in the US and in Canada to help protect them from the coronavirus that has been spreading rapidly around the world.The company secured tens of thousands of gloves and bottles of sanitizer earlier this year but previously had only made them available to delivery drivers in certain areas of the US.DoorDash closed its local offices around the country, so couriers will have to order the supplies online and pay up to $5 in shipping.The company plans to start offering sanitizer and gloves in Australia next week.Visit Business Insider's homepage for more stories.

DoorDash delivery drivers nationwide and in Canada can now get hand sanitizer from the company for the price of shipping.

They can also order gloves, but may have to wait a bit longer to receive them, because they're backordered, company spokeswoman Liz Jarvis-Shean told Business Insider.

Such products have been hard to find in many areas due to increased demand spurred by the coronavirus pandemic. To get either of the supplies, which the company is offering to help protect couriers, or Dashers, as it calls them, from the disease, they'll have to order the products online rather than getting them in person from one of DoorDash's offices. The company has closed the local offices it uses to sign up new drivers in all three of the countries in which it operates: the US, Canada, and Australia, Jarvis-Shean said.

"These supplies are now available to Dashers in all of our US markets, and as Dashers join or return to the platform, we're working to make sure they are aware that we are offering them," she said.

The food delivery company secured tens of thousands of gloves and bottles of sanitizer earlier this year, but initially offered the supplies in only a limited portion of the US. As of Monday evening, the company was only offering them to about 40% of its active drivers. It had previously said it planned to offer the supplies nationwide by the end of this week.

While gloves are backordered, the company is getting more in and is shipping them as soon as it does, Jarvis-Shean said. DoorDash is charging up to $5 per order to ship the supplies. It is covering any shipping costs above that amount, Jarvis-Shean said.

The company plans to begin offering sanitizer and gloves to its couriers in Australia starting next week, she said. 

Got a tip about Doordash? Contact Troy Wolverton via email at This email address is being protected from spambots. You need JavaScript enabled to view it., message him on Twitter @troywolv, or send him a secure message through Signal at 415.515.5594. You can also contact Business Insider securely via SecureDrop.

Original author: Troy Wolverton

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Nov
14

423rd Roundtable For Entrepreneurs Starting NOW: Live Tweeting By @1Mby1M - Sramana Mitra

General Motors is working with Ventec Life Systems to accelerate the production of ventilators.The carmaker could produce ventilators at its factories.As the number of coronavirus cases in the US increases, the healthcare system has raised alarms about running out of ventilators to assist the most severely ill patients at hospitals.Visit Business Insider's homepage for more stories.

General Motors will help make desperately-needed ventilators. 

On Friday, the automaker said it was working with Seattle-based Ventec Life Systems.

"We are working closely with Ventec to rapidly scale up production of their critically important respiratory products to support our country's fight again the COVID-19 pandemic," GM CEO Mary Barra said in a statement. "We will continue to explore ways to help in this time of crisis."

The statement added, "Ventec will leverage GM's logistics, purchasing and manufacturing expertise to build more of their critically important ventilators."

As the number of COVID-19 coronavirus cases rapidly increases in the US, and New York state, California, and Illinois issue shelter-in-place directives, ventilators could soon be in short supply for the most severer cases of illness.

GM CEO Mary Barra. Bill Pugliano/Getty Images

"With GM's help, Ventec will increase ventilator production," Ventec Life Systems CEO Chris Kiple said in a statement. "By tapping their expertise, GM is enabling us to get more ventilators to more hospitals much faster. This partnership will help save lives."

StopTheSpread.org, "the nation's coordinated private sector response to COVID-19," according to the statement, helped organize the partnership.

President Donald Trump has indicated on several occasions that GM could switch from making cars to making ventilators, and on Friday a source with knowledge of the planning at the company said that it was working with another firm to expedite the process.

On Wednesday, GM announced that it was shutting down all North American production through the end of March. 

As the coronavirus outbreak and intensified in the US, with thousands of new cases being diagnosed each day and the death toll rising, the healthcare system has raised alarms about the scarcity of ventilators, which can assist the most severely sick patients in breathing.

Original author: Matthew DeBord

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Nov
14

1Mby1M Virtual Accelerator Investor Forum: With Kelly Perdew of Moonshots Capital (Part 5) - Sramana Mitra

Yosemite National Park in California is closing over coronavirus concerns.The beloved park is one of the most famous in the nation and saw 4.5 million visitors last year.The closure is one of the latest measures taken in response to the coronavirus disease as it spreads across the state.Visit Business Insider's homepage for more stories.

California's Yosemite National Park is closing over coronavirus concerns, park officials said Friday.

Visitors will not be allowed into the park as of Friday until further notice.

"In consultation with local, county, and state public health officials and guidance provided by the United States Centers for Disease Control and Prevention (CDC), and in order to maintain the safety of park visitors, employees, and residents while allowing management and administrative operations to continue, the Superintendent is designating the entirety of Yosemite National Park as closed to all but residents and authorized employees of the National Park Service (NPS), park concessioners, and partners," reads the park's website.

It's one of the latest measures taken in response to the spread of the coronavirus disease, known as COVID-19, that has infected 1,206 in California.

Gov. Gavin Newsom issued a statewide stay-at-home order on Thursday calling for residents to stay at home and for nonessential businesses to close to help stifle the spread of the virus. Newsom also said that 56% of Californians could contract the virus in the next eight weeks, though that the projection doesn't account for current efforts to stunt the spread of the disease, such as the three-week "shelter in place" order for the San Francisco Bay Area.

Yosemite National Park welcomed 4.5 million visitors in 2019. It's known for its grand Half Dome and El Capitan formations. The park had previously closed its visitor centers over coronavirus concerns. 

Original author: Katie Canales

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Nov
14

Spotlight on Entrepreneurship in Illinois - Sramana Mitra

On March 14th, Apple officially closed every one of its stores outside of China over coronavirus concerns — but stayed open for two days after that just so customers could pick up iPhones or other devices that had been left for repairs.Apple sent emails and tried to call customers who had devices being repaired at its stores, but some customers couldn't be reached, or otherwise couldn't make the two-day pick-up window to get their devices. For customers who missed the two-day pickup window, their iPhones, computers, Apple Watches, and other products are essentially locked up until Apple re-opens its stores — and nobody knows when that might be.The stores were initially meant to re-open on March 27, but the new guideline is "until further notice." It could be days, weeks, or months. Visit Business Insider's homepage for more stories.

On March 14th, Apple officially closed every one of its stores outside of China over coronavirus concerns. But they technically stayed open for two days after that, just so customers could pick up iPhones or other devices that had been left for repairs, an Apple spokesperson tells Business Insider.

The company tried to contact customers with devices being repaired at Apple Stores via phone and email, the spokesperson said, and many took the chance to pick up their devices. 

Inevitably, either some customers missed Apple's attempts, or the two-day pickup window wasn't enough time for them to make the trip. Some customers did not pick up their devices within the two-day pickup period, and those devices are still in Apple Stores, the spokesperson said. 

For those customers, their iPhones, Macs, Apples Watches and other devices are essentially stuck in a closed Apple Store for an undisclosed amount of time. Apple's original timeline to re-open its stores was Friday, March 27. That's now changed to "until further notice" as of March 17. 

Unfortunately for those who missed the pickup window, there's no way for them to get their devices until Apple Stores re-open, the spokesperson said.

As for those who's devices were sent out to Apple repair centers, the company is getting in touch with those customers to have their devices returned to them, rather than the normal route of having them shipped to an Apple Store for pickup.

Do you have a device that's stuck indefinitely at an Apple Store during the pandemic? I'd love to hear from you. Get in touch at: This email address is being protected from spambots. You need JavaScript enabled to view it..

Original author: Antonio Villas-Boas

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Mar
20

California is letting you order cocktails and beer for pickup or have it delivered to your home during the coronavirus pandemic

California is temporarily relaxing rules for bars, restaurants, and liquor stores to sell alcohol for pickup or delivery.The move is designed to boost sales as shelter-in-place orders have called for businesses to shutter and residents to stay indoors to contain the coronavirus.Businesses can sell pre-packaged alcohol as long as it has a lid or a cap.Visit Business Insider's homepage for more stories.

If you're a sheltering California resident getting homesick for your favorite bar, the state's alcoholic beverage agency wants to give you some relief: You can now call your bartender and order booze to-go.

On Thursday, California's Department of Alcoholic Beverage Control announced that it was temporarily suspending a variety of laws governing the sale and distribution of alcohol as the state's 40 million residents are directed to remain indoors as much as possible to contain the coronavirus disease, known as COVID-19.

The "regulatory relief" is to help bars, restaurants, and liquor stores whose businesses have been significantly dampened as state and city officials call for residents to stay at home, and for nonessential businesses in the San Francisco Bay Area to close shop.

"This regulatory relief is designed to support the alcoholic beverage industry in its efforts to assist California in slowing the spread of the virus while assisting the industry in dealing with the economic challenges it is facing as a result,"the ABC said on its website. 

Under the relaxed rule, some bars can now sell beer, wine and distilled spirits to go if the beverage is in a "manufactured, pre-packaged container."

Restaurants and other "bona fide eating places," meanwhile, can now sell beer, wine and pre-mixed drinks or cocktails to-go when sold in conjunction with meals for pick-up or delivery. The drinks must have a secured lid or cap without an opening for straws.

The directive also significantly loosens the rules around ordering alcohol for home delivery.

Bars and restaurants have been among the hardest hit businesses from the coronavirus outbreak and the government orders to close non-essential businesses in the San Francisco area. 

San Francisco's restaurant and bar scenes are being slammed by the shelter at home order, with layoffs ensuing and sales plummeting. Mayor London Breed has introduced a number of ways to keep small businesses from going under, like ushering in a moratorium on commercial evictions. But business owners in the city don't think that will be enough.

"I would say about 50 percent of bars and restaurants are facing existential destruction," San Francisco bar owner Ben Bleimans told Eater SF.

Original author: Katie Canales

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Mar
20

Healthcare startups Nurx and Carbon Health ship at-home COVID-19 test sample kits

Efforts to get at-home test kits for the COVID-19 coronavirus are ramping up quickly, and two more health industry startups are bringing their own products to market, with both Carbon Health and Nurx starting to ship their own in-home sample collection kits.

Both of these new offerings are the same in terms of approach to testing: They deliver swab-based sample collection hardware that people can use at home to collect a mucus sample, which they then ship back using included, safety approved, projective packaging to be tested by one of the existing FDA-approved commercial labs across the country.

These tests follow the PCR-based method, which tests for the genetic presence of the COVID-19 virus in a patient. These have a high degree of accuracy, at least when performed in a controlled setting and administered by a medical professional, and are the same tests that are available via drive-through testing stations being set up by state agencies.

At-home use is relatively new to market, and could introduce some potential for error in the collection part of the process, but both Carbon Health and Nurx are offering consultation with medical professionals to help ensure that samples are collected properly, and that results, when available, are correctly interpreted and provided with guidance on next steps for those taking the tests.

None of these tests are free — the Carbon Health test costs $167.50, and the Nurx test costs $181, including shipping and assessment. These are in line with other offerings, including the one from Everlywell we covered earlier this week, which retails for $135. These are described as essentially at-cost prices, and all parties say they are subject to coverage by FSA or HSA money, or potentially by insurers depending on a person’s plan.

One big question around these types of tests is how much supply will be available. Nasopharyngeal swabs used for the in-person type of testing are already reportedly in short supply in some regions, and testing needs are only growing. Carbon is using different swabs to collect a simple saliva sample, which it notes are not in as short supply as the nasopharyngeal version. Other types of tests, including a “serological” one being developed by startup Scanwell, instead work by analyzing a patient’s blood, and could provide some relief for the swab-based tests, especially now that the FDA has expanded its emergency guidance to include their use.

Nurx, which also offers at-home HPV screening, says that it will have 10,000 kits available to patients “over the coming weeks,” and hopes to expand to cover “over 100,000 patients” in the “near future.” Carbon Health CEO and co-founder Eren Bali tells me that it should ramp to around “10,000 per day capacity in about two weeks,” through its medical device partner Curative Inc., and that it can do 50 per day today, with an estimated increase to 150 per day by Monday and 1,000 per day by end of week.

All of these tests are gated by a screening and assessment questionnaire, and the round-trip time is likely to take a few days even with round-trip shipping due to testing times. It may seem like a lot of these are popping up, but these startups at least have proven track records in healthcare services, and there will be a need for very widespread testing in order for any broad attempt to flatten the curve of the virus to prove successful, so expect more of these providers to come on line.

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