Mar
17

All the companies from Y Combinator’s W20 Demo Day, Part IV: Healthcare, Biotech, Fintech and Nonprofits

Y Combinator’s Demo Day was a bit different this time around.

As concerns grew over the spread of COVID-19, Y Combinator shifted the event format away from the two-day gathering in San Francisco we’ve gotten used to, instead opting to have its entire class debut to invited investors and media via YC’s Demo Day website.

In a bit of a surprise twist, YC also moved Demo Day forward one week citing accelerated pacing from investors. Alas, this meant switching up its plan for each company to have a recorded pitch on the Demo Day website; instead, each company pitched via slides, a few paragraphs outlining what they’re doing and the traction they’re seeing, and team bios. It’s unclear so far how this new format — in combination with the rapidly evolving investment climate — will impact this class.

As we do with each class, we’ve collected our notes on each company based on information gathered from their pitches, websites and, in some cases, our earlier coverage of them.

To make things a bit easier to read, we’ve split things up by category rather than have it be one huge wall of text. These are the healthcare, biotech, fintech and nonprofit companies. You can find the other categories (such as B2B, consumer and robotics) here.

See which companies the TechCrunch staff liked the most over on Extra Crunch.

Healthcare and Biotech

Simple Strips: Aims to make glucose testing cheaper and more accessible by making strips that can be read by any smartphone camera, rather than requiring a dedicated glucose meter. The company says it expects to submit its strips for FDA approval in June.

nplex biosciences: A faster, cheaper way to do the protein panels required in the development of new medications. The company says it has over $4 million in letters-of-intent in the works, including one from a major pharma company.

Healthlane: An app meant to help users in Africa communicate with their doctors, make appointments and track lab results. The company says it has already reached profitability, with a retention rate of 98%.

Breathe Well-being: A 16-week program meant to help users in India with chronic conditions (such as diabetes) in their efforts to lose weight. The company offers a one-on-one diabetes coach who helps the user with tracking things like weight/meals/activity and trains them in cognitive behavioral therapy techniques meant to reduce stress. Currently seeing an $11.2K MRR.

Dropprint Genomics: “Single cell genomics” software meant to reduce the time/financial cost of analyzing individual cell activity to enable better drug discovery. They’ve signed over $1 million in LOIs in two months.

Newman’s: A digital health clinic for men in Indonesia. They’re focusing on problems that are often seen as either embarrassing (hair loss, erectile dysfunction) or are often abandoned (quitting smoking) by making doctor visits easier, cheaper and more private by way of remote consultation. Find our previous coverage of Newman’s here.

Menten AI: Menten AI says it’s using “quantum computing and machine learning” combined with synthetic biology to design new protein-based drugs.

Loop Health: Loop Health says that most health insurance in India covers “only hospital stays, not doctor visits.” They’re looking to improve this by offering unlimited access to their designated Loop Health clinics, along with app-based telemedicine.

Synapsica Healthcare: An “AI reporting assistant.” Currently focusing on spinal MRIs, the company says it saves radiologists 80% of their reporting time by automatically annotating measurements and characterizing disc degeneration. The company says it’s currently in a $100K pilot program with a radiology practice tapped by 250 chiropractic clinics.

Volumetric: Volumetric makes 3D bioprinters that create vascularized human tissue. Founded by two PhDs, Volumetric sells its photoactive tissue to pharmaceutical companies and scientists. It’s using the proceeds to move toward building bioprinters and bioinks that can generate functional tissue and even organs. Find our previous coverage of Volumetric here.

Ophelia: Ophelia replaces rehab with telemedicine for America’s 3 million opioid addicts. It lets patients do teleconferenced doctor visits, get prescribed and delivered medications like Buprenorphine and Naloxone, and access therapy without the stigma. The founder started the company after a longtime girlfriend died from opioid addiction, and Ophelia has now treated 40 patients.

Lilia: Claiming that “in the future, women will freeze their eggs upon graduation,” Lilia is an egg-freezing concierge service. The startup charges $500 for concierge, and gets another $500 when somebody is placed in a clinic. Lilia says its total addressable market is $33 billion.

Equator Therapeutics: Equator Therapeutics is developing a drug to help users burn calories without exercise. Founded by a duo of PhDs and a data scientist who worked at a company developing an anti-aging drug, Equator Therapeutics is targeting people dealing with obesity and type 2 diabetes.

Altay Therapeutics: Located inside the Bayer Collaborator in San Francisco, Altay Therapeutics has developed small molecule therapies that block disease-causing DNA-binding proteins (or transcriptional regulators). The company’s initial therapies are focused on arthritis, fibrosis, ulcerative colitis and liver cancer.

Tambua Health: Tambua Health uses an “acoustic” stethoscope and proprietary software to provide advanced imaging for lung imaging without the radiation of an x-ray.

Abalone Bio: Founded by serial life sciences entrepreneurs, Abalone Bio is using libraries of yeast cells expressing billions of antibody variants to grow specific antibodies that can activate or inhibit a drug target. Using gene sequencing, machine learning and synthetic biology, the company makes recombinant protein versions of its antibodies and confirms their efficacy in human cell assays. The company’s initial targets are drugs for pain, inflammatory diseases, rare cancer and rare kidney disease.

Felix Biotechnology: Founded by the famous Yale University researcher Paul Turner, Felix Biotechnologies is developing treatments to address antibiotic-resistant strains of bacteria and fungi. These pathogens cause more than 2.8 million infections and 35,000 deaths in the United States alone each year, according to the company. On average, someone in the U.S. dies from an antibiotic-resistant infection every 15 minutes. Researchers have warned that more people will die from antibiotic resistance than from cancer by the year 2050.

Genecis Bioindustries: Genecis Bioindustries is turning food waste into compostable plastics. Find our previous coverage on Genecis here.

Candid Health: Candid Health has developed automated billing software for the healthcare industry that follows up with insurance companies and automatically appeals denied claims. It takes a 5% cut of each payment.

Ochre Bio: Ochre says that most donated livers are discarded — despite there being a shortage — due to them containing too much fat for a successful transplant. They’re aiming to “rejuvenate livers outside the body” by finding ways to treat them prior to transplant.

Fintech

Facio: Brazil has a banking problem. An oligarchy of five banks manage the Brazilian market, and they’re slow, have terrible customer service, high APR and don’t serve SMBs. Facio wants to keep workers from falling victim to predatory debt and instead gain financial freedom with a low-priced payroll loan to employees. It integrates with the employer, deducting loans right from their payroll.

delt.ai: Delt.ai is a digital bank that handles payments, invoicing and corporate cards for poorly served SMEs and freelancers in Mexico. The startup is targeting the $50 billion+ market of business deposits in Latin America. Think of Delt.ai is a Brex or a Mercury, but focused on Latin America.

Nexu: Like many other personal financing operations in Latin America, car financing is an expensive, low-tech, arduous process. Nexu, a financing platform for Latin American car dealerships, uses dynamic credit scoring to give car buyers an approval with a turnaround of a few seconds. The founding team met as Wharton MBA candidates.

Fondeadora: Fondeadora is joining Mexico’s saturated fintech scene, with its alternative neobanking debit card. The company offers a fully mobile digital savings account run within its app. Fondeadora says it has 65,000 users and $6.5 million monthly transactions. Albo, another Mexico-focused debit card, currently owns the market share with 200,000 monthly active customers who are spending and making transactions in its platform and $26 million in capital raised. But the banking problem in Mexico is big enough that multiple startups can thrive. Out of the 130 million population of Mexico, 45% are underbanked, meaning they lack deep financial products designed to help them compound wealth through lending and savings features.

Jenfi: Loans money to small businesses in Asia — typically about $10,000 to $100,000 — based on the business’ revenue. We wrote about Jenfi previously here.

yBANQ: A collections and reconciliation system for large B2B companies in India. The company says it has found 18 customers since launching in late January, reaching a GMV of around $18K.

ZeFi: A savings account that converts USD deposits to/from “stablecoin” cryptocurrencies behind the scenes, with ZeFi lending these funds out to borrowers to gain interest.

Grain: Grain hooks your existing debit card to a “responsible” amount of credit (currently capped at $500, and based on your income/cash low), hopefully helping those with minimal/bad credit build up their credit report over time. In the three months since launch, the company says it has signed up 1,000 customers, and expects to make around $80 per customer per year.

CrowdForce: Lets local merchants in Africa act as bank branches, serving as an intermediary on transactions when a bank is too far away. The company says it made $70K in net revenue last month, making an average of $20 per year per customer.

Stark Bank: A banking API to handle B2B transactions for tech companies in Brazil. A little over a year after launch, the company says it’s seeing $12 million in monthly gross volume.

Bamboo: An online brokerage for high-wealth individuals in Africa to buy securities from around the world. The company says it already has over 2,100 investors who have traded over $1.6 million on the platform since launching roughly five months ago, currently accounting for over $10,000 in monthly revenue.

Swipe: Pitching itself as “Brex for Africa,” Swipe gives African SMBs a credit card to help cover payroll and expenses. They onboard businesses by providing them with free expensing/billing tools, then offer credit accordingly. The company says it’s currently working with 30 companies, with $200K in credit deployed.

goDutch: A payments card for splitting costs amongst groups that often share bills, such as roommates. Focusing on India. Charges are put onto one card and deducted from each group member’s account automatically.

Paymobil: Uses stablecoin cryptocurrencies to transfer money across the globe through a Venmo-style app. The founder, Daniel Nordh, notes that he previously led consumer design at Coinbase.

Karat: Karat offers banking, loans and credit cards to influencers. By using data on their popularity to manage risk, Karat has achieved 40% APR on its loans with an average repayment time of 45 days. Thanks to its founders’ experience building influencer tools at Instagram and structuring debt at Goldman Sachs, it’s already signing up stars with over 10 million followers.

Homestead: Homestead helps home owners convert their garages into rental properties at no upfront cost. Homestead pays for all the construction, tenant search and management, and then splits the rent income with the home owner. A new California law allows the state’s 8 million garages to be rented out as living spaces, creating an enormous market opportunity. Homestead’s founders met at MIT’s graduate school of architecture and city planning, and the startup has already done $1 million in sales.

Benepass: Benepass offers a benefits card for startups and small businesses. Using the Benepass debit card, employees can pay for tax-advantaged benefits and wellness perks like flexible spending accounts, childcare, commuting, fitness and education while an app tracks their buying. Free for employers, Benepass has a 6% take rate but can save thousands on income and payroll taxes. With startups desperate to compete with tech giants for top talent, Benepass could ensure employees feel supported.

GAS POS: U.S. gas station owners are racing to upgrade outside pumps with EMV technology, a global standard for credit cards equipped with computer chips. GAS POS was founded to deliver a modern point-of-sale system that will help North America’s 180,000 gas stations comply with EMV and make transactions more secure. The company has several sources of revenue, a 3% fee on processed payments, SaaS free for equipment and an offer to customers to provide next-day funding.

YearEnd: YearEnd is building tax software for the paper rich, helping startup employees file their taxes while optimizing for their equity. The startup charges $330 per year for individual users and is hoping to sell to businesses that can add YearEnd as an employee benefit.

GIGI Benefits: India’s GIGI Benefits is looking to be the benefits provider for the nation’s gig economy workers. The business takes a page from companies like last year’s hottest Y Combinator startup, Catch, or the venture-backed Trupo, to provide things like health insurance and retirement investment accounts to gig economy workers.

Easyplan: Easyplan is the Qapital or Digit for India, allowing users to seamlessly save money for certain specific goals.

Haven: Haven is a next-gen platform for servicing home mortgages, offering more modern customer interfaces, better payment modeling for lenders and more.

WorkPay: WorkPay describes itself as “Gusto for Africa” — next-gen payroll and related services targeting small and medium businesses in the region.

Spenny: Spenny is a savings tool for Indian consumers that lets customers start banking money away by rounding up their purchases.

Kosh: Kosh is an algorithmically enhanced savings and investment platform for India, allowing those with good credit to effectively vouch for friends with limited credit to help them borrow.

Nonprofit

Potential: Potential is a nonprofit that wants to connect the formerly incarcerated to jobs and resources. The company works with detention centers and employment organizations to make a more friendly hiring environment.

Continue reading
  20 Hits
Mar
17

All the companies from Y Combinator’s W20 Demo Day, Part III: Hardware, Robots, AI and Developer Tools

Y Combinator’s Demo Day was a bit different this time around.

As concerns grew over the spread of COVID-19, Y Combinator shifted the event format away from the two-day gathering in San Francisco we’ve gotten used to, instead opting to have its entire class debut to invited investors and media via YC’s Demo Day website.

In a bit of a surprise twist, YC also moved Demo Day forward one week, citing accelerated pacing from investors. Alas, this meant switching up its plan for each company to have a recorded pitch on the Demo Day website; instead, each company pitched via slides, a few paragraphs outlining what they’re doing and the traction they’re seeing, and team bios. It’s unclear so far how this new format — in combination with the rapidly evolving investment climate — will impact this class.

As we do with each class, we’ve collected our notes on each company based on information gathered from their pitches, websites and, in some cases, our earlier coverage of them.

To make things a bit easier to read, we’ve split things up by category rather than have it be one huge wall of text. These are the companies that are working on hardware, robotics, AI, machine learning or tools for developers. You can find the other categories (such as biotech, consumer, and fintech) here.

See which companies the TechCrunch staff liked the most over on Extra Crunch.

AI and Machine Learning

Datasaur: A tool meant to help humans label machine data data sets more accurately and efficiently through things like auto-correct, auto-suggest and keyboard hotkeys. It’s free for individual labelers, $100 per month for teams of up to 20 labelers, with custom pricing for larger teams.

1build: Automatic, data-driven job cost estimates for construction companies. You upload your plans, and 1build says it can prepare accurate bids “in minutes.” The company projects a revenue run rate of over $600,000, and says it has completed estimates for mega companies like Amazon, Starbucks and 7-Eleven.

Zumo Labs: Uses game engines to generate pre-labeled training data for computer vision systems. By synthesizing the data rather than collecting it from photos/videos of the real world, the company says it can create massive data sets faster, cheaper and without privacy issues.

Teleo: Retrofits existing construction equipment to allow operators to control them remotely. The company says it has built a “fully functional teleoperated loader” since being founded three months ago, and plans to charge construction companies a flat monthly fee per vehicle. The company’s co-founders were previously head of Hardware Engineering and director of Product Manager at Lyft, with both having worked on Google’s Street View team.

Turing Labs Inc.: Automated, simulated testing of different formulas for consumer goods like soaps and deodorant. Home products and cosmetics can be months of work for R&D labs. Turing has built an AI engine that helps with this process — much like the AI engines used in drug discovery — cutting down the time to days. It’s already working with some of the biggest CPG companies in the world. You can find our previous coverage on Turing here.

Segmed: Segmed is building data sets for AI-driven medical research. Rather than requiring each and every researcher to individually partner with hospitals and imaging facilities, Segmed partners with these organizations (currently over 50) and standardizes, labels and anonymizes the data.

Ardis AI: Ardis AI wants to build the foundation of artificial general intelligence — technology that read and comprehend text like a human. By combining neural networks, symbolic reasoning and new natural language processing techniques, Ardis AI can serve companies that don’t want to hire teams to do data extraction and labeling.

Agnoris: Agnoris analyzes a restaurant’s point-of-sale data to recommend changes to pricing, delivery menus and staffing. For $3,600 per year per restaurant location, Agnoris claims to be able to raise profits by 20%. The company started after the founder opened a restaurant that was packed yet losing money, so it built machine learning tools to improve margins and now it’s selling that software to all eateries.

Froglabs: Froglabs provides weather forecasting AI to businesses for predicting solar and wind energy production, delivery delays, staffing shortages, sales demand and food availability. By ingesting petabytes of weather data, it can save companies money by ensuring their logistics aren’t disrupted. Founded by a long-time Googler who started its Project Loon internet-beaming weather balloons, it’s now signing up e-commerce, retail, rideshare, restaurant and event businesses.

PillarPlus: PillarPlus is a platform that automates the blueprint-designing phase of a building project. It takes a design from an architect or contractor and maps out mechanical, fire, electrical and plumbing details, and estimates the bill of materials and project cost, steps that otherwise take months of work.

Glisten: Glisten uses computer vision and machine learning technologies to develop better, more consistent data sets for e-commerce companies. Its first product is an AI-based tool to populate and enrich sparse product data. Find our previous coverage of Glisten here.

nextmv: Nextmv gives its customers the ability to create their own logistics algorithms automatically — allowing businesses to optimize fleets and manage routes internally.

Visual One: Movement-detecting security cameras can bring up a lot of false positives: there’s motion, yes, but not necessarily anything harmful. Visual One has built an AI platform that integrates with home security cameras to “read” the specific movements that they detect. Owners can create customised alerts so they get notifications only for what they care about. The company’s software can check for furniture-destroying pets, package-lifting thieves, the death-defying antics of toddlers and more. Find our previous coverage of Visual One here.

PostEra: “Medicinal chemistry-as-a-service” is the idea here: PostEra’s platform can design and synthesize molecules faster and at a lower cost than the typical R&D lab, speeding up the research time it takes to test new combinations in the drug discovery process.

Hardware and Robotics

Cyberdontics: Robotics have already revolutionized surgery, courtesy of companies like da Vinci-maker, Intuitive. Cyberdontics is aimed at doing the same for oral surgery, beginning with crowns — one of the more expensive and time-intensive procedures. The company says its robot is capable of performing the generally two-hour procedure in 15 minutes, charging a mere $140 for the job.

Avion: Focused on inhabitants of difficult to reach areas in Africa, Avion is building a drone-based delivery system. The plans consist of medium and long-range medical drones tied to a centralized hub. The drones are hybrid and autonomous with vertical take-off capabilities, able to take 5-kg payloads as far as 150 kms.

SOMATIC: Industrial bathroom cleaning is a prime “dull”/“dirty” candidate to be replaced by automation. Somatic builds large robots that are trained to clean restrooms via VR. The system sprays and wipes down surfaces and is capable of opening doors and riding up and down in the elevator. Find our previous coverage of SOMATIC here.

RoboTire: Anyone who’s ever sat in a service shop waiting room knows how time-intensive the process can be. RoboTire promises to cut the wait time from 60 minutes down to 10 for a set of four tires. The company has begun piloting the technology in locations around the U.S. Find our previous coverage of RoboTire here.

Morphle: Designed to replace outdated analog microscopes, Morphle’s system uses robotic automation to improve imaging. The startup processes higher-resolution images than far pricier systems and with a much smaller failure rate. Morphle has begun selling its system to labs in India.

Daedalus: Founded by an early engineer at OpenAI, Daedalus is building autonomous software to allow industrial robots to operate without human programming, beginning with CNC machines. The company projects that it can improve productivity in the metal machining market by 5x.

Exosonic, Inc.: Exosonic makes supersonic commercial aircraft that don’t have to produce a loud sonic boom, so they can be flown over land. Its goal is a plane that can fly from SF to NYC in three hours. The CEO worked on NASA’s low-boom X-59 aircraft while at Lockheed Martin. Exosonic now has letters of intent from a major airline and two Department of Defense groups, plus a $300,000 U.S. Air Force contract.

Nimbus: Founded by a serial entrepreneur and based in Ann Arbor, Mich., Nimbus is developing the next-generation vehicle platform for urban transportation. Founder Lihang Nong previously launched the fuel-injection systems developer PicoSpray and is now looking to answer the question, “Can a vehicle be several times more space and energy efficient than today’s cars while actually being more comfortable to ride in?”

UrbanKisaan: UrbanKisaan is a vertical farming operation based in India that delivers fresh produce subscriptions to households. Its farms of stacked-up hydroponic tables can be located near cities with just 1% of the land usage of traditional agriculture, and there are no pesticides necessary. In a market with a growing middle class seeking healthy foods, delivering from farm-to-door could let UrbanKisaan control quality and its margins.

Talyn Air: Two former SpaceX engineers have developed a long-range electric vertical take-off and landing (eVTOL) aircraft for passengers and cargo. The startup has created an electric fixed-wing aircraft that is caught mid-air with a custom winged drone during take offs and landings, an approach that its founders say give this aircraft three times the range of its competitors, at 350 miles.

Developer Tools

BuildBuddy: Two ex-Googlers want to provide a “Google-style development environment” to all by building an open-source UI/feature set on top of Google’s Bazel software. The company says that their solution speeds up build times by up to 10x. It’s free for independent developers, with the price scaling from $4 per user to $49 per user depending on the size of the team and the features required.

Dataline: Meant to let websites gather analytics data from users who are using ad-blocking tools. Claiming that most ad-blocker users care mostly about display ads or cross-site tracking, the company says that first-party analytics gets hit as “collateral damage.” By acting as a “smart proxy” that runs on a sub-domain, Dataline avoids most ad-blocking systems (for now, presumably.)

Cortex: Many modern online software applications are powered by countless independent, purpose-focused tools — or “microservices.” Cortex monitors your app’s microservices to automatically flag the right person (hooking into Datadog/Slack/PagerDuty/etc.) when one breaks.

apitracker: Even if your website seems to be loading fine, the APIs you use to make it work might be having trouble, breaking things in not so obvious ways. Apitracker… tracks your APIs. It monitors the APIs you use, alerting you when one of them starts to fail and providing insights into their overall performance.

Freshpaint: Freshpaint’s “autotrack” system collects all pageviews/clicks/etc. across your site, allowing you to push it into tools like Google Analytics/Facebook Pixel etc. retroactively without requiring your dev team to make manual trackers for each event. The base plan is free for sites with fewer than 3,000 users and $300 for sites with up to 50,000 monthly users, after which point the pricing shifts to custom packaging.

Datree: Datree allows companies to set up rules and security policies for their codebase, and ensures those rules are followed before any code is merged. Charging $28 per developer (noting that it’s free for independent/open source projects), they’ve pulled in ~$230K in revenue to date. Find our previous coverage of Datree here. 

fly.io: Deploys your app on servers that are physically closer to your users, decreasing latency and improving the user experience. If your app grows more popular in a certain city, Fly detects that and scales resources accordingly.

Sweeps: Sweeps claims that they can make your website 40% faster with one line of code, by more intelligently loading all of the third-party tools that a website is using. The team says that their tech not only improves speed but does so while improving SEO.

Orbiter: Orbiter is an automatic real-time monitoring and alert system integrated with Slack to ensure better customer service and revenue management.

Release: Product releases can be tricky. Release provides a staging management toolkit — it builds a staging environment each time there’s a pull request, allowing for faster/more collaborative development cycles.

Signadot: Signadot is monitoring and management software for the microservices that modern startups rely on to power their own applications and services, hopefully flagging issues before they become apparent to the end user.

Raycast: Raycast is a universal command bar for developers and many of the tools they use. Users can integrate apps including Jira, GitHub or Slack and take a Superhuman-like approach to completing forms and tasks. The team is pitching the tool as a way to help engineers get their non-engineering work done quickly.

Cotter: Cotter is building a phone number-based login platform that authenticates a user’s device in a workflow that the company’s founders say has the convenience of SMS-based OTP without the security issues. The startup is aiming to target customers in developing countries where email is less utilized and less convenient as a login.

ditto: Ditto’s founders are hoping to create the Figma for words, helping teams plan out more thoughtfully the copy they use to describe their products and workflows. The collaboration tool created by Stanford roommates Jolena Ma and Jessica Ouyang currently has 80+ different companies represented among their users.

Scout: A continuous integration and deployment toolkit for machine learning experiments inside a GitHub workflow.

ToDesktop: ToDesktop has designed a service to automate all of your desktop application publishing needs. It works with Windows, Mac and Linux and provides native installers, auto-updates, code signing and crash reports without the need for any infrastructure or configurations for developers.

DeepSource: DeepSource is a code review tool that allows developers to check for bug risks, anti-patterns, performance issues and security flaws in Python and Go.

Flowbot: Flowbot is a natural language, autocomplete search tool for coding in Python. It lets Python developers type in plain English when they can’t remember the exact function they’re thinking of, with Flowbot digging through documentation and considering the context to find the code it thinks you’re looking for.

PostHog: PostHog is a software service that lets developers understand how their users are actually working with their products. It’s a product analytics toolkit for open-source programmers.

Continue reading
  20 Hits
Mar
17

Providing Frontline Support to Boulder County Caregivers

As the world shifts underneath us around Covid-19, Amy and I have focused our immediate philanthropic efforts on our local community in Boulder County.

If you have the ability to contribute anything philanthropically, helping locally will make a huge difference right now. While many of us are hunkered down at home, we’ve got numerous frontline providers at hospitals and in the community out in public helping us all get through this.

Amy and I made two matching gifts in Boulder County. Note that we are focusing on “Boulder County”, not just “the City of Boulder” right now as many of the people who serve us in the city of Boulder live in the surrounding towns that make up Boulder County.

The first gift is to BCH for the Boulder Community Health Foundation COVID-19 Response Fund. They have identified two priorities.

BCH People: Assist BCH staff who are facing unanticipated financial challenges (e.g., needing child care due to the closing of schools, financial hardship from a spouse/partner being out of work, etc.). BCH will provide the assistance they need by significantly expanding the depth and breadth of support provided by the BCH Employee Assistance Fund.Remove any barriers to providing the best treatment for COVID–19. Support BCH’s significant investment in their testing capability, expanding telehealth access, and planning for an increase in cases, including supply management, space capacity, and flex training for our staff and physicians.

The other gift is to the Community Foundation Serving Boulder County for the Community Foundation COVID-19 Response Fund Boulder County. This fund will ensure essential services for community members who find themselves at the intersection of being most vulnerable to the virus and most impacted by inequity. It will focus on continuing access to care, food, hygiene, shelter, housing, and other services for the most vulnerable.

If you have any financial giving capacity of any amount, please consider a gift to either the Boulder Community Health Foundation COVID-19 Response Fund or the Community Foundation COVID-19 Response Fund Boulder County. Your support today will make a difference right now.

Original author: Brad Feld

Continue reading
  36 Hits
Mar
17

1Mby1M Virtual Accelerator Investor Forum: With Osayi Igharo ot Ripple Venture Capital (Part 2) - Sramana Mitra

Sramana Mitra: How many entrepreneurs are operating in Nigeria right now? Osayi Igharo: That’s hard to estimate. Sramana Mitra: Just to give you a proxy, India is a country with 1.3 billion people. I...

___

Original author: Sramana Mitra

Continue reading
  22 Hits
Mar
17

Thursday, March 19 – 477th 1Mby1M Mentoring Roundtable for Entrepreneurs - Sramana Mitra

Entrepreneurs are invited to the 477th FREE online 1Mby1M mentoring roundtable on Thursday, March 19, 2020, at 8 a.m. PDT/11 a.m. EDT/4 p.m. CET/8:30 p.m. India IST. If you are a serious...

___

Original author: Maureen Kelly

Continue reading
  19 Hits
Mar
17

476th 1Mby1M Entrepreneurship Podcast With Matt Carbonara, Citi Ventures - Sramana Mitra

Matt Carbonara, Managing Director at Citi Ventures, discusses the fund’s activities and focus.

___

Original author: Sramana Mitra

Continue reading
  25 Hits
Mar
17

Xero Focuses on a PaaS Strategy - Sramana Mitra

According to a Market Study report published last year, the global cloud-based accounting software market is estimated to grow at 9% CAGR to reach $4.32 billion by 2024 from $2.63 billion in 2019....

___

Original author: MitraSramana

Continue reading
  29 Hits
Mar
16

Please Celebrate St. Patrick’s Day At Home

St. Patrick’s Day (tomorrow – 3/17) has always been a big holiday for us because it’s also my dad’s birthday.

This year we are celebrating it remotely. We are doing a Zoom call together at 6pm MT to have a birthday cake, sing happy birthday, and hang out as a family from three different locations (my parents, my brother’s family, and us.)

I’m an incredibly strong proponent of immediate social distancing. My last three blog posts have been about this and initiatives that I – and my partners at Foundry – are advocating:

Bars and restaurants are shutting down around the country, but there are many communities, cities, and states that have not mandated this yet. While the impact on local business of this type of a shutdown, even for a few weeks, will be dramatic, it’s imperative that we aggressively social distance to slow the spread of COVID-19.

So, celebrate St. Patrick’s day tomorrow, but do it at home with your loved ones. Better yet, organize a distributed St. Patrick’s day via video (Zoom, Skype, Hangouts) with a bunch of your friends. But stay at home, be safe, and help slow the spread of COVID-19.

Original author: Brad Feld

Continue reading
  35 Hits
Mar
16

1Mby1M Virtual Accelerator Investor Forum: With Osayi Igharo ot Ripple Venture Capital (Part 1) - Sramana Mitra

Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Osayi Igharo was recorded in January 2020. Osayi...

___

Original author: Sramana Mitra

Continue reading
  51 Hits
Mar
16

Cloud Stocks: Oracle Sees Growth Momentum - Sramana Mitra

Oracle (NYSE: ORCL) recently reported its third quarter results that beat analyst estimates and displayed its strongest revenue growth in nearly two years. Even amid the coronavirus impact, its stock...

___

Original author: Sramana_Mitra

Continue reading
  70 Hits
Mar
16

Thought Leaders in E-Commerce: LED Light Expert CEO Dara Greaney (Part 1) - Sramana Mitra

Dara spoke with us some years back on his previous venture. This time, he has switched from B2C to B2B and brings insights on the nuances of that sector. Sramana Mitra: Let’s start by introducing our...

___

Original author: Sramana Mitra

Continue reading
  48 Hits
Mar
16

Startups developing tech to combat COVID-19 urged to apply for fast-track EU funding

The European Commission put out a call Friday for startups and small businesses which are developing technologies that could help combat the COVID-19 outbreak to apply for fast-track EU funding.

The push is related to a €164M pot of money that’s being made available for R&D via the European Innovation Council (EIC) — a European Union funding vehicle which supports the commercialization of high risk, high impact technologies.

We are calling for startups and small businesses with technologies and innovations in:
treating
testing
monitoring
other aspects of #COVID19

Apply for fast-track EU funding – deadline 17:00 CET on 18 March ↓

— European Commission (@EU_Commission) March 15, 2020

Per the Commission, the funding does not have any particular thematic priorities attached to it but it said today it will look to “fast track the awarding of EIC grants and blended finance (combining grant and equity investment) to Coronavirus relevant innovations, as well as to facilitate access to other funding and investment sources”.

The deadline for this call for applications to the EIC Accelerator is 17:00 on March 18 CET.

The Commission has a page of tips for applicants here.

It notes EIC funding is already supporting a number of startups and SMEs with “Coronavirus relevant innovations” from funding awarded in previous rounds — pointing to the EpiShuttle project for specialised isolation units; the m-TAP project for filtration technology to remove viral material; and the MBENT project to track human mobility during epidemics.

The EIC is itself funded under the EU’s Horizon Europe research framework program.

Back in February the Commission said it expected to sign off on a significant increase for the EIC budget as of this month — to support “game-changing, market-creating innovation and deep-tech SMEs to scale-up”, as it works towards launching the next seven-year round of the Horizon Europe program, in 2021.

It also said there would be a one-off EIC Accelerator call for ‘green deal’ start-ups and SMEs in May 2020 cut-off round, to align with its push to make the bloc carbon neutral by 2050.

Continue reading
  45 Hits
Mar
16

10 things in tech you need to know today

Donald Trump and Google CEO Sundar Pichai. Associated Press/Getty

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

Google's parent company Alphabet launched a pilot website through its company Verily to help screen and distribute tests for COVID-19 on Sunday, CNBC reports. The tests are limited to Bay Area cities for now, and users have log in using Google.President Trump addressed the website launch on Sunday, and appeared to chide Google by dropping a company statement onto the floor. Trump caused some media confusion by announcing the website on Friday, claiming Google would build the website and the tests would be distributed nationwide.Many Apple engineers are still having to come into work at its HQ because its systems make it difficult to access sensitive information from home, the Wall Street Journal reports. Apple is conducting daily health screenings of all its on-site staff.Apple announced on Friday it would close all of its stores outside of China until March 27. Apple will continue to fulfill purchases made online or through the Apple phone apps.Airbnb is letting guests around the world cancel their reservations for a full refund and no cancellation fees. Airbnb bookings have taken a hit as the coronavirus pandemic has swept across the worldElon Musk reportedly told SpaceX employees they have a much higher chance of dying in a car crash than from the coronavirus. Musk said the evidence he'd seen showed the virus wasn't among the 100 biggest health risks in the US, according to Buzzfeed.Oracle CEO Safra Catz told all of its workers, except for "critical employees," to work from home because of the coronavirus crisis. "We need each of you to focus on your health and helping to contain the spread of the virus," Catz said in a memo.Activists created a 12.5 million block digital library in "Minecraft" to bypass censorship laws. The virtual building is called "The Uncensored Library," and was created by Reporters Without Borders.Tech billionaire Michael Dell says Dell is donating millions of dollars in cash and tech to fight the coronavirus. Dell does not yet have a mandate for employees to work from home, and employees who must be on site to work are expected to report — but the company has increased the frequency of cleaning its office to three times a day.One of Facebook's board members is leaving after a spot opened on the board of Berkshire Hathaway. Facebook board member Kenneth Chenault is stepping down, the latest in a series of recent big moves on the board of directors.

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

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

Original author: Isobel Asher Hamilton

Continue reading
  49 Hits
Mar
16

Catching Up On Readings: Pandemic Preparation - Sramana Mitra

This feature from Gartner looks at the 10 pillars of pandemic preparation as the COVID-19 coronavirus outbreak cripples normal functioning at workplaces. For this week’s posts, click on the...

___

Original author: jyotsna popuri

Continue reading
  42 Hits
Mar
16

Goldman Sachs just announced its first partnership for transaction banking as it looks to build a new $1 billion business moving money around the world

Goldman Sachs has announced a partnership with SAP to offer cross-border payments functionality on the German tech giant's Ariba Network, which matches corporate purchasers with their vendors. The partnership is the first to be made public from Goldman's nascent transaction banking business, which it began building just 13 months ago. Goldman can offer one-click functionality and transparent prices thanks to the way it built the business, using APIs, based in the cloud, with a digital-first mentality. Goldman has been looking to build stickier sources of revenue to lessen a reliance on more episodic investment banking fees such as those from its underperforming trading arm.Visit Business Insider's homepage for more stories.

Goldman Sachs just announced the first partner for its fledgling transaction-banking business, inking a deal to handle cross-border payments for clients of SAP, the German enterprise tech giant.

Goldman will help customers of SAP's Ariba Network to pay bills in 125 currencies, offering them one-click functionality and a transparent fee structure, according to a statement and interviews with senior executives at both firms. 

The tie-up is the latest evidence of Goldman's attempts to redefine itself as a commercial bank. The company has been looking to build stickier sources of revenue to lessen a reliance on more episodic investment banking fees such as those from its underperforming trading arm.

The strategy – which also includes a digital consumer bank, a mass market wealth management offering, and a credit card – has elicited widespread skepticism from investors and analysts who question if the firm can successfully pivot its 150-year old franchise.

In transaction banking, it's going after a business that's been dominated for decades by the likes of Citigroup, HSBC and JPMorgan. 

And yet Goldman CEO David Solomon expects to generate $1 billion from the business by 2025. He wants to have $50 billion in deposits on behalf of clients. 

A new middleman

In partnering with SAP, Goldman is stepping into the middle of an Ariba Network that connects corporate purchase officers with the vendors that supply them goods and services. In doing so, it's significantly simplified the user experience, according to Hari Moorthy, the Goldman partner who runs the business. 

"With the click of a button, we take a direct  integration with Ariba to process the payment and process the FX in one singular transaction," Moorthy said. "The client gets complete transparency on where is the payment and how much they have paid for that service. We do the whole thing in one single process."

Sean Thompson, an executive vice president at SAP, explained how that integration is different than how it's been done in the past. 

"Historically that has meant that treasuries had to do their own system and they've had to do what I call the swivel-chair integration, which is a human being that's sitting in a chair going from one system, swiveling over and entering information into another system," he said. 

And yet, Goldman's competitive advantage is probably its ability to offer its expertise in financial markets to lower prices for converting payments from US dollars into other currencies, according to Thompson.

"The special sauce is their intellectual capital in how to drive down the cost of cross-border payments and foreign currency hedging," said Thompson. "That results in a lower cost of doing cross-border payments."

Goldman joins a growing list of banks offering their services on SAP's network, including Standard Chartered's trade financing, and the ability to use credit card rails through Barclays and Discover, Thompson said. 

Ariba facilitates tens of billions of dollars in cross-border payments each year, a chunk of the more than $3 trillion in transactions that cross the platform. 

Friday meditation sessions spur innovation

Goldman and SAP have a relationship that traces back decades to the firm's founding in the early 1970s, according to the bank. More recently, Goldman represented SAP in its $2.4 billion acquisition of Callidus Software in 2018. Goldman is also a big customer of SAP's technology.

Ryan Limaye, a partner and co-head of global TMT banking, helped make the introduction to SAP's top execs, according to a spokesman. 

While the SAP integration is a bespoke arrangement, Goldman has built the business so it can do many customized solutions for different clients relatively easily, Moorthy said.

That's enabled by some of the very same techniques that Goldman has used elsewhere in the company to gain digital advantage – services built and hosted entirely in the cloud, driven by application programming interfaces, or APIs, and designed to be digital-first and nimble. 

Moorthy has overseen a relatively rapid build out, growing a team of roughly 320 employees within Goldman Sachs' investment banking division just since the end of 2018 when he joined from JPMorgan. He reports to division co-heads Gregg Lemkau and Dan Dees. 

Like some of Goldman's other digital-first efforts, Moorthy has been allowed to foster a culture within a culture. 

Every Friday, he hosts a meditation session for his staff on the 27th floor of the bank's Manhattan headquarters. A practitioner of 27 years, Moorthy credits the meditation sessions with helping his team to come up with ideas. 

Years ago, when Goldman was building its digital consumer bank Marcus, execs credited weekly standing huddles, relaxed dress codes and writing on the walls with bringing a more relaxed vibe to the larger Goldman population, known for its stuffy shirts and white-shoe roots. 

Goldman was the first client of the fledgling operation. Between last July, when it was turned on for Goldman, and today, the firm has processed more than $5 trillion in payments. It's on pace to save the firm something like $100 million by not having to pay fees to other banks. 

The bank disclosed during its investor day in January that it was already working with 20 clients. All told, US large corporations spend about $70 billion each years on these services, Moorthy said. And they're looking for some new service offerings.

"The number one feedback they had given us is make it simple, make it easy, make it operationally less manual and make bank fees and costs transparent," Moorthy said. "Which implies none of those are true today."

Original author: Dakin Campbell

Continue reading
  44 Hits
Mar
16

Oracle CEO Safra Catz tells all of its workers, except for 'critical employees,' to work from home because of the coronavirus crisis (ORCL)

Oracle CEO Safra Catz said the tech giant's workers must work from home starting this week, except for "critical employees" who must maintain Oracle and customer "essential services."As for employees who aren't considered critical, but can't do their jobs remotely, she said that Oracle "will continue to pay you until further notice." "We need each of you to focus on your health and helping to contain the spread of the virus," Catz said in a memo.Click here for more BI Prime stories.

Oracle has joined other tech giants in requiring their employees to work remotely due to the coronavirus crisis.

CEO Safra Catz has sent a memo to Oracle's workforce that they must work from home, saying the company's offices will be open "only to critical employees."

"I know this has been a confusing and difficult time for you and your families," Catz said in the memo, a copy of which was obtained by Business Insider. "We need each of you to focus on your health and helping to contain the spread of the virus."

The "critical employees" are those who are needed "to maintain Oracle and customer essential services," Catz said. All other regular employees and contractors must work from home, she said. For those employees who are considered non-critical, but who can't do their jobs remotely, she said that  "Oracle will continue to pay you until further notice."

Other major tech companies have already asked their workers to work remotely, including Google, Facebook and Amazon.  

The coronavirus crisis has sent technology stocks plunging and caused serious disruptions in productions and tech events. Last week, Catz said Oracle has been "conducting business as usual," adding that it's unclear if the crisis will have an impact on the company's business.

Oracle was also recently in the news when some employees protested founder Larry Ellison's decision to hold a fundraising dinner for President Donald Trump — who has enlisted Silicon Valley tech firms, including Google, to help respond to the coronavirus outbreak.

Got a tip about Oracle or another tech company? Contact this reporter via email at This email address is being protected from spambots. You need JavaScript enabled to view it., message him on Twitter @benpimentel or send him a secure message through Signal at (510) 731-8429. You can also contact Business Insider securely via SecureDrop.

Original author: Benjamin Pimentel and Rob Price

Continue reading
  45 Hits
Mar
16

Poetry: Pandemic

Following is a poem titled Pandemic written by Lynn Ungar on 3/11/20. Thanks to Joanna Rupp at the University of Chicago for sending it to me.

I like to read poetry out loud. It slows me down enough to relish the words. Lynn, I don’t know you, but you wrote a beautiful poem that hopefully helps a lot of us in this moment.

What if you thought of it
as the Jews consider the Sabbath—
the most sacred of times?
Cease from travel.
Cease from buying and selling.
Give up, just for now,
on trying to make the world
different than it is.
Sing. Pray. Touch only those
to whom you commit your life.
Center down.
 
And when your body has become still,
reach out with your heart.
Know that we are connected
in ways that are terrifying and beautiful.
(You could hardly deny it now.)
Know that our lives
are in one another’s hands.
(Surely, that has come clear.)
Do not reach out your hands.
Reach out your heart.
Reach out your words.
Reach out all the tendrils
of compassion that move, invisibly,
where we cannot touch.
 
Promise this world your love–
for better or for worse,
in sickness and in health,
so long as we all shall live.
 
–Lynn Ungar 3/11/20

Original author: Brad Feld

Continue reading
  45 Hits
Mar
16

Advertising holding company Omnicom asks employees to work from home amid staff concerns over coronavirus outbreak – here's the internal memo

Omnicom asked its employees around the world to work remotely as the coronavirus outbreak spreads.The other four major advertising holding companies Publicis, IPG, Dentsu, and WPP made similar policy changes earlier this week.Some Omnicom employees expressed frustration with a perceived delay in the company's response to the pandemic.Click here for more BI Prime stories.

Omnicom Group joined the other major advertising holding companies — WPP, Publicis, IPG, and Dentsu — in asking most of its employees to work remotely for the immediate future starting March 16 as the coronavirus disrupts businesses and governments around the world.

In an internal memo sent March 15, chairman and CEO John Wren wrote that all those people except "essential staff" should work outside Omnicom offices, which will remain open.

The full memo is below.

The move came days or hours after the other major advertising holding companies made similar announcements. 

Omnicom is the second biggest ad holding company by revenue and employs about 70,000 worldwide.

Omnicom employees described internal frustration as the outbreak  spread

Three Omnicom employees who are known to Business Insider but spoke on condition of anonymity to protect their jobs expressed frustration with a perceived delay by the company in reacting to the virus.

On Friday, various Omnicom agencies advised employees to stagger commute times to avoid rush hour and adjust schedules so that no more than 50% of staff would be in an office at any given time.

But one employee said this led to some tension between company leadership and heads of local offices. A petition on Change.org, purportedly written by an Omnicom Media Group employee, called on the company to mandate office closings, sick days, and an overall travel ban.

A second employee at another Omnicom agency called the company's response "too incrementally slow."

Other major holding companies have told employees to work remotely

All five major holding companies have now told the majority of their employees to work remotely if possible to minimize the risk of coronavirus infection.

According to an internal memo obtained by Business Insider, Publicis Groupe told all staff in North America to come into the office only when absolutely necessary starting Thursday morning; a spokesperson said that policy applied globally. IPG sent out a similar memo on Friday, and WPP did the same on Saturday afternoon.

A senior executive at Dentsu who spoke to Business Insider on condition of anonymity because they are not authorized to discuss the matter confirmed that all employees were told on March 13 to begin working remotely. A spokesperson did not immediately respond to a request for comment. 

John Wren's full memo is below.

A Message from John Wren

March 15, 2020

COVID-19

These are uncertain times and we want to do our part to help limit or slow the transmission of COVID-19 while maintaining business continuity and helping our clients navigate this challenging environment.

At this stage, we feel a work from home policy is the right approach for our people. Starting March 16th, we are asking for the support of our agency leaders to make certain our people work remotely and only essential staff go into the office. If you have not done so already, please ensure in the next day or so that you collect what you need to work from home. In addition, we are encouraging all of you to follow the guidance of national, local and city regulatory authorities.

For those that do go into an office, please maintain the recommended social distance.  We are also working with facilities management to add enhanced cleaning in our offices.

We want to reiterate - please do not come into the office if you are sick or have flu-like symptoms or if a family member you live with or roommate is sick or has symptoms. Also, please do not come into the office if you or someone you live with has a higher risk of becoming very sick from COVID-19. Lastly, if you are an essential employee and don't feel comfortable coming into the office, please speak with your supervisor. We have instructed them to accommodate your needs. And we will continue to keep all travel restrictions in place.

We are very pleased to see marked improvements in China and Singapore with our teams starting to get back to business as usual. Our people there did a great job in keeping their businesses functioning during the past couple of months. I want to thank them and all of you for your efforts now and what we know you will do in the weeks to come.

Most important, please take the necessary precautions to keep yourself, family, friends, and clients healthy and safe.

We will continue to update you on our measures as events evolve in order to support you in every way we can.

John

Original author: Patrick Coffee

Continue reading
  39 Hits
Mar
16

#StoptheSpread: Hundreds of business leaders and investors signed a commitment to help stop the spread of the coronavirus pandemic

More than 450 business leaders, investors, and public figures have signed an open letter committing to "lead boldly" in stopping the spread of the coronavirus pandemic across the United States, as of Sunday afternoon. The letter says that business leaders can be critical to determining the pace at which the coronavirus outbreak spreads throughout the country, and asks that signatories take a series of actions including sending employees to work from home. "CEOs today have enormous influence in creating social influence in a positive way," Guild Education CEO Rachel Carlson told Business Insider, explaining why she co-penned the letter with Ken Chenault, the managing partner of General Catalyst. Read the full letter here.Visit Business Insider's homepage for more stories.

More than 450 business CEOs and investors have signed an open letter calling for the US private sector to lead the fight in halting the spread of the coronavirus pandemic. 

The letter asks business executives to take "bold leadership" in fighting COVID-19, the disease caused by coronavirus, by sending employees to work from home, supporting frontline workers who need to work through the crisis, and asking employees to avoid hosting and attending large public events.

Rachel Romer Carlson, who is the CEO of the ed-tech unicorn Guild Education, wrote the letter with Ken Chenault, the chairman and managing director of the VC General Catalyst and published it on Saturday evening. It quickly took off on social media, spreading through the hashtag #StoptheSpread.

Part of what inspired the letter was the millions of Americans who "work at the frontlines, like pharmacies and grocery stores, which can't or won't be able to close. We want to protect that group," Carlson told Business Insider in an interview. "The best thing we can all do for that workforce is to stay home."  

The letter is aimed at the entirety of the US private sector, and has quickly racked up a list of well-known tech executives including Zoom CEO Eric Yuan, Lambda School CEO Austen Allred, and partners at the VC firms Accel and Insight Partners.  NBA star Stephen Curry also signed on to the list and tweeted in support of it. 

Carlson said that she and the letter's co-author Chenault, who is also the former chairman and CEO of American Express, shared a joint belief in "stakeholder rather than shareholder capitalism," which prompted them to pen the letter. 

"CEOs today have enormous influence in creating social influence in a positive way," Carlson explained. "In this particular instance, the opportunity for CEOs to create that social change and galvanize leaders to respond to COVID-19 was huge." 

COVID-19, the disease caused by the coronavirus, has swept across the world over the past few weeks. As of Sunday, more than 160,000 people have been infected and over 6,000 have died. The US reported  62 coronavirus deaths among over 3,200 cases.  

But, as the letter points out, government actions have not been enough to deter people from going out. 

"In the US, we've sent college kids home but New York bars are packed; we are working from home, but malls and resorts are full; while our health care leaders are encouraging the avoidance of group events, too many are still showing up: 14,000 fans attended a concert at the Pepsi Center in Denver on Thursday," the letter says.  

In addition to the series of commitments that the letter asks business leaders make, the statement also recommends actions like supporting small business owners by purchasing gift cards to be redeemed at a later time, and helping grocery, healthcare and pharmacy workers in whatever way possible (Carlson said that Guild Education was working with its academic partners to come up with training and resource guides for them).  

Carlson and Chenault wrote that the goal of the letter, which they hope will "spread faster than this virus," is to help contain the outbreak so it can be resolved in 1-2 months rather than in the long-term. 

You can read the full letter here. 

Original author: Bani Sapra

Continue reading
  48 Hits
Dec
09

Rendezvous Online Recording from October 8, 2019 - Sramana Mitra

President Donald Trump bemoaned the news coverage about the confusion behind his unveiling of what was purportedly a Google-led effort to develop a coronavirus-screening website.Trump held in his hand what appeared to be a Google statement, in tweet form, that he claimed vindicated his prior remarks."As you know this is from Google, they put out a release," Trump said, holding the statement in his left hand before flicking it to the ground."You guys can figure it out yourselves, and how that got out," Trump added. "I'm sure you'll apologize. It'll be great if we can really give the news correctly.Visit Business Insider's homepage for more stories.

President Donald Trump on Sunday afternoon bemoaned the news coverage about the confusion behind his unveiling of what was purportedly a Google-led effort to develop a nationwide website that screened people for the coronavirus.

"I want to thank the people at Google and Google Communications, because as you know, they substantiated what I said on Friday," Trump said of the remarks he made in the Rose Garden just two days prior.

"The head of Google ... called us and he apologized, I don't know where the press got their fake news, but they got it some place," Trump added.

The White House

Trump held in his hand what appeared to be a Google statement in tweet form on how the company was partnering with the federal government to develop "a nationwide website that includes information about COVID-19 symptoms, risk and testing information."

"As you know this is from Google, they put out a release," Trump said, holding the statement in his left hand. He then flicked the paper onto the floor.

—David Choi (@choibboy) March 15, 2020

"You guys can figure it out yourselves, and how that got out," Trump added. "I'm sure you'll apologize. It'll be great if we can really give the news correctly.

On Friday, Trump claimed that Google had 1,700 engineers working on a coronavirus-related website, one that would allow people to "to determine if a test is warranted and to facilitate testing at a nearby convenient location."

"Google is going to develop a website — it's going to be very quickly done, unlike websites of the past," Trump said on Friday.

The project, however, was being developed by Alphabet-affiliated Verily, which reportedly employs 1,000 employees. The Verge reported that the 1,700 engineers Trump mentioned were Google workers who would volunteer for the project.

Despite Trump's statement that it had made "tremendous progress" in the nationwide effort, a Google communications representative told The Verge that the company was still "in the early stages of development" for the San Francisco area.

A Verily representative reportedly added that the "triage website" was initially expected to go out for health care workers and that after the announcement, it was going to roll out to the entire public.

Google later announced in its statement that the company was "fully aligned" and would "continue to work" with the government to combat the coronavirus.

Trump followed up his press conference by retweeting a statement from Google Communications, which laid out that the company's goals to expand the project "more broadly over time."

—Google Communications (@Google_Comms) March 13, 2020

President Trump railed against news reports that shed light on his comments on Sunday, alleging that the media "never called Google" to verify his distinct description of the project.

"Even in times such as these, they are not truthful," Trump said on Twitter. "Watch for their apology, it won't happen. More importantly, thank you to Google!"

Read more:

A leaked presentation reveals the document US hospitals are using to prepare for a major coronavirus outbreak. It estimates 96 million US coronavirus cases and 480,000 deaths.

Original author: David Choi

Continue reading
  35 Hits