Oct
08

Absence of household internet sitting at 23% in U.S.

The US Army is trying to figure out how to see through walls to identify threats and to map structures above and below ground.The service recently issued a request for information to help inform the development of a See Through the Wall (STTW) system.It would be "man-portable systems that give the soldier the ability to detect, identify, and monitor persons, animals, and materials behind multi-leveled obstruction(s) from a long standoff range," among other capabilities.Visit Business Insider's homepage for more stories.

The US Army is trying to figure out a way to give its soldiers the ability to see threats through walls, according to a recently published request for information.

The Army is modernizing in a way it hasn't in decades. The service has already seen the development of incredible new technologies, such as pocket-sized drones and next-generation night-vision goggles wired to a weapon sight to let soldiers shoot around corners.

The Army now wants to eliminate a frightening unknown: The threat that waits on the other side of the wall. It wants to know how its soldiers can see through obstacles.

The service is looking to develop "man-portable systems that give the soldier the ability to detect, identify, and monitor persons, animals, and materials behind multi-leveled obstruction(s) from a long standoff range," according to a request for information released in late January.

The Army explained that the system should be able to see through various types of obstacles, including dense vegetation, and use biometric data to track, positively identify, and differentiate between targets. For example, the resulting system should be able to tell friend from foe.

The Army wants a system that can "track, locate, isolate, range, and count personnel and animals in a building or structure," the request said, adding that it should also be able to determine whether detected individuals are "sitting, standing, walking, or lying down."

The so-called See Through the Wall (SSTTW) system would also "be able to detect hidden passages and rooms inside of a structure," as well as "map the structure and detect hidden rooms, passages, alcoves, caches, etc. including those underground." The Army expects the system to create 3D maps of structures.

The Army request said that it also expects the system to be capable of identifying potential threats to soldiers assigned to clearing operations, such as tripwires, improvised explosive devices, and other traps.

While the desired STTW system would primarily be carried on a soldier's person, the Army explained that it would be ideal if it was also able to be mounted on an unmanned aerial system or unground combat vehicle.

The Army said that submitted white papers "should address what the path forward is for the US Army to meet this goal."

The latest RFI, which will conclude in March, is not the first time the Army has looked into this kind of technology. In October, the service awarded Lumineye, Inc. a $250,000 prize for their wall-penetrating radar, technology designed to help soldiers and first responders that won the service's Expeditionary Technology Search (xTechSearch) competition.

Original author: Ryan Pickrell

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Feb
07

The new $1,500 Razr didn't last as long as the $2,000 Galaxy Fold in a brutal folding test

Motorola's new $1,500 Razr foldable smartphone went through CNET's brutal folding test and survived only 27,000 folds and unfolds.To compare, the $2,000 Samsung Galaxy Fold survived 120,000 folds and unfolds in the same test. The test isn't definitive because the robot doing the folding and unfolding is particularly brutal — more so than most humans. If a human does fold and unfold their smartphone as harshly, then perhaps they shouldn't have a foldable smartphone.With their hinges and foldable screens, foldable smartphones have more breaking points than traditional slab-style smartphones.Visit Business Insider's homepage for more stories.

Motorola's new $1,500 Razr suffered through CNET's folding test, which is akin to brutal medieval torture, and the Razr's hinge survived only 27,000 folds.

The $2,000 Samsung Galaxy Fold survived 120,000 folds and unfolds in CNET's test three months earlier.

Does the folding test show that each phone's hinge will last through only that many folds? Unlikely. The machine, designed by SquareTrade, that CNET uses to fold and unfold these phones is utterly brutal — far more brutal than how most people are likely to fold and unfold their devices. Just take a look:

 

Both the Galaxy Fold and the new Razr are more likely to survive a little longer in your comfy padded hands than in the machine's cold hard metal and plastic. And if you unfold your phone with the same force as the machine, then maybe foldable smartphones aren't for you.

Still, it's true that foldable smartphones have more points of failure with the hinge and folding screen than traditional slab-style smartphones. Plus, foldable smartphones are still brand new, and it'll unsurprisingly take time to develop hinge and foldable-screen technology that's durable enough for smartphones — devices we use multiple times a day. 

To Cnet's test, Motorola sent a statement to Business Insider saying that the test is not indicative of the Razr's durability. Here's the full statement:

"razr is a unique smartphone, featuring a dynamic clamshell folding system unlike any device on the market. SquareTrade's FoldBot is simply not designed to test our device. Therefore, any tests run utilizing this machine will put undue stress on the hinge and not allow the phone to open and close as intended, making the test inaccurate. The important thing to remember is that razr underwent extensive cycle endurance testing during product development, and CNET's test is not indicative of what consumers will experience when using razr in the real-world. We have every confidence in the durability of razr."

Motorola also has a video showing how the company tests the durability of the Razr, which is significantly more gentle and realistic than Cnet's smartphone version of the Iron Maiden torture device:

 

Original author: Antonio Villas-Boas

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Feb
07

Twitter fixes issue with 'broken' tweets not sending

Twitter users on Friday afternoon from New York to Los Angeles to London were unable to send tweets on the platform.After the company confirmed that there was a problem and said it was working on a fix, Twitter said it had fixed the problem by sending out two tweets: "test" and "ok it worked" Over 8,000 users reported issues with Twitter on the site Down Detector. Visit Business Insider's homepage for more stories.

Twitter wasn't working properly on Friday afternoon for thousands of users from New York to Los Angeles to London.

Twitter confirmed that "Tweeting is broken" and that the company was working to fix the issue. 

Then, after the problem was solved, the company sent out two tweets: "test" and "ok it worked" making humor out of the situation. 

—Twitter (@Twitter) February 7, 2020

 

Twitter said in an earlier tweet that users "might be experiencing trouble sending new Tweets." 

—Twitter Support (@TwitterSupport) February 7, 2020

 

Thousands of users reported problems with the app and website on Friday afternoon, according to the website Down Detector.  The site said that over 8,000 users were reporting issues on the platform at around 4:00 p.m. EST.

While some users reported their Twitter timelines were functioning properly, tweets were not sending.

Most of the issues reported were on the East and West coasts of the United States, as well as in London. 

Original author: Bryan Pietsch

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Oct
11

1Mby1M Virtual Accelerator Investor Forum: With Kanwaljit Singh of Fireside Ventures (Part 3) - Sramana Mitra

The Trump administration has purchased access to millions of smartphone users' location data and is using it for immigration enforcement, according to a report from the Wall Street Journal.The database collects information through everyday smartphone apps that users have allowed to access their location, according to the report.Federal agencies, including ICE and CBP, have been buying data from Venntel, the company behind the database, since 2017.Experts told the Journal this appears to be one of the largest uses of bulk data by US law enforcement ever — and that it appears to be legal. Visit Business Insider's homepage for more stories.

The Trump administration has been using commercial data that tracks millions of smartphone users' locations to help enforce its policies on immigration and deportation, according to a report Friday from the Wall Street Journal.

The database, owned by a company called Venntel Inc., collects information from run-of-the-mill games, weather and shopping smartphone apps where users have agreed to share their location, according to the report.

Sources told the Journal that Immigrations and Customs Enforcement (ICE) and Customs and Border Protection (CBP), two divisions under the Department of Homeland Security (DHS), have used the location data to help them identify and locate those who may have entered the country unlawfully, whom they later arrested.

"All CBP operations in which commercially available telemetry data may be used are undertaken in furtherance of CBP's responsibility to enforce U.S. law at the border and in accordance with relevant legal, policy, and privacy requirements," a spokesperson for the agency told Business Insider.

DHS has been using Venntel data since at least 2017, while ICE paid Venntel $190,000 for licenses in 2017 and CBP spent $1.1 million on software licenses that included Venntel services last September, the Journal reports.

Both agencies told the Journal that the data is "pseudonymized," meaning the unique identifier for each cellphone isn't linked directly to the customers' name, but a New York Times investigation showed that pseudonymized data can still be used together with other data to link a cellphone to its owner.

While experts told the Journal that this was one of the largest known uses of bulk data by US law enforcement, they also said it appears to be legal because the government purchased the data from a private company, as opposed to collecting it directly from users' phones, a practice for which the US Supreme Court has said police generally need a warrant.

Original author: Tyler Sonnemaker

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Oct
08

AI Weekly: EU facial recognition ban highlights need for U.S. legislation

The Bose Quiet Comfort 25 headphones were just $99 on Prime Day last year. Amazon

When it comes to speakers and headphones, there are an overwhelming number of options, but no matter what you're looking for, you can always rely on Bose.

Bose has made its way onto pretty much every one of our headphones guides, including best wireless headphones and best noise-cancelling headphones. 

For last year's Prime Day, Amazon offered several deals on Bose products, including a limited-time Lightning Deal on the popular Bose QuietComfort 25 headphones, bringing their price down to just $99. 

The reason the Bose QuietComfort 25s are so beloved is their strong active-noise-cancelling feature. They eliminate outside, background noise such as air conditioning, airplane engines, and traffic, making them a favorite among travelers, commuters, and office workers. They're also really comfortable, fitted with soft and flexible padded earcups and headband. 

We're expecting a similar discount on the Bose QuietComfort 25 and other headphones and speakers from the company once Prime Day 2020 kicks off in July.

Here are some Bose products that are likely to be on sale for Prime Day 2020, along with details on current pricing and discounts you can take advantage of right now.

 

Amazon

Bose headphones and speaker deals for Prime Day 2020

Bose QuietComfort 25 Headphones, $149.99 (originally $149.99) [Was $99 on Prime Day last year]: Padded, over-ear headphones featuring active noise cancelling. They're wired and include an inline mic, and they deliver powerful sound. Bose SoundLink Around-Ear Headphones II, $229 (originally $229) [Was $159 on Prime Day last year]: These headphones feature a comfortable, lightweight over-ear design and best-in-class sound. Use the intuitive control panel to easily switch between two Bluetooth devices at a time, take phone calls, and control any other functions. Bose SoundSport Free Truly Wireless Headphones, $139 (originally $199) [You save $60]: Exercise untethered with these high-tech, sport headphones. Made for even the most intense workouts — they're truly wireless, sweat-resistant, and super secure — these headphones, in a limited edition color, are a great buy. The SoundSport Free are available right now for the same $139 price that Amazon offered during last year's Prime Day, so an even better deal is likely for Prime Day 2020. Bose Noise Cancelling Wireless Bluetooth Headphones 700, $399 (originally $399): Amazon didn't offer a Prime Day deal on Bose's latest flagship wireless noise cancelling headphones last year, but now that they've been on the market for a bit longer, it's likely that a discount could be in store for Prime Day 2020.  Bose SoundLink Bluetooth Speaker II, $129 (originally $129) [Was $89 on Prime Day last year]: Get the bold Bose sound you love packaged in a small, water-resistant speaker. Compact, portable, and with Bluetooth capabilities, this speaker (in a limited edition Midnight Blue color) is a summer essential. 

The Bose SoundLink II is water-resistant. Amazon

Bose speakers are decidedly pricey, but the smart design and superior sound quality of the products are enough to justify the price tag for many. As a brand, Bose is focused on self-funding research, so they can create the most innovative audio solutions — which means cutting-edge technology for you. 

One of our reporters says the noise-cancellation on his Bose QuietComfort 35 headphones is so good, "it's almost like magic." Another reporter concluded that the Bose SoundLink Revolve+ is the best Bluetooth speaker for using around the house.

Shop Prime Day Deals

For more headphone and speaker recommendations, check out our various buying guides:

Original author: Remi Rosmarin and Steven Cohen

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Feb
07

How to find which version of Google Chrome you're currently using, and update it if needed

You can find which version of Google Chrome you have by accessing the "About Google Chrome" menu. When you check for the current version of Google Chrome, you'll also be able to update the browser if you have any updates available. You can also set up automatic updates through this process, which can save you time and effort later on.Visit Business Insider's homepage for more stories.

Keeping your browser up-to-date is vital if you want to keep your web browsing as safe as possible.

If you have Google Chrome, you can easily check for both the version you have and whether or not it's fully updated.

Here's how to do it.

Check out the products mentioned in this article: 

MacBook Pro (From $1,299.99 at Best Buy)

Microsoft Surface Pro 7 (From $699.99 at Best Buy)

How to find which version of Google Chrome you have, and update it

1. Open Google Chrome on your Mac or PC. 

2. Click the three dots in the upper-right corner of the window. 

3. Hover your cursor over "Help."

Hover over "Help" in the dropdown menu. Devon Delfino/Business Insider

4. Click "About Google Chrome."

Click "About Google Chrome." Devon Delfino/Business Insider

The version of your Google Chrome browser will appear on the next window, toward the top of the screen.

Your version and the option to update it appear on this screen. Devon Delfino/Business Insider

Going through this process will also prompt the browser to check if there are any updates available. If there are, you will be given the option to relaunch the browser to install those updates.

You can also choose to automatically keep the browser up to date by selecting "Automatically update Chrome for all users," which will require you to enter your computer's password to set up.

You can enable automatic updates from this menu. Devon Delfino/Business Insider

Original author: Devon Delfino

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Feb
07

Shifting Gears: Uber will turn a profit this year … kind of

Happy Friday and welcome to Shifting Gears, Business Insider's roundup of everything that happened in transportation this week.

The coronavirus outbreak is still causing headaches not just for flyers — but also for cruise ships, cargo lines, and more. But it's not all bad news out there: Uber reported it will turn a profit (kind of) by the end of the year, Tesla's market value skyrocketed, and airline veteran David Neeleman launched a new US airline targeting oft-forgotten routes.

And in south Texas, SpaceX is accelerating its quest to build out its Mars spaceport, but some homeowners in the hamlet known as Boca Chica have something to say about it. Our own space correspondent Dave Mosher has the details.

As always, let us know what else we should be covering — email This email address is being protected from spambots. You need JavaScript enabled to view it.. And if you were forwarded this email or found it on the web, subscribe here.

Let's dive in:

Original author: Graham Rapier

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Feb
07

Amazon quietly hired the NBCUniversal executive known as ex-CEO Jeff Zucker's 'right-hand man' to lead PR for its original-video and streaming services (AMZN)

Cory Shields, the former executive vice president of communications at NBCUniversal, is now vice president of public relations for the Amazon Studios and original-video teams, Business Insider has learned.Shields spent about 20 years at NBCUniversal and was once called ex-CEO Jeff Zucker's "right-hand man," according to Variety.Shields' hiring comes at a time when Amazon's entertainment group needs a high-profile representative, as competition in the space is intensifying this year.Visit Business Insider's homepage for more stories.

Amazon tapped a longtime NBCUniversal executive who previously worked closely with ex-CEO Jeff Zucker to lead public relations for its video-streaming and entertainment group.

Cory Shields, the former executive vice president of communications at NBCUniversal, is now vice president of PR for the Amazon Studios and original-video teams, Business Insider has learned. He reports to Jay Carney, Amazon's press and public-policy chief. Tamara Golihew, who leads PR for Amazon Studios, and Vicky Eguia, the head of Amazon Original Movies, are now under Shields.

Shields joined Amazon earlier this year, an Amazon spokesperson confirmed in an email to Business Insider. Shields' name still appears on NBCUniversal's media-contact page, which suggests the move was recent.

Shields' hiring adds a much-needed high-profile representative to Amazon's video-streaming team. His position was empty for over a year after the departure of former lead Craig Berman in 2018. The void forced Carney to handle most of the work. Jeff Blackburn, the executive who oversees Amazon's entertainment business, took a one-year sabbatical as some investors started to question Amazon's investment in the space.

Shields joins Amazon at an important time for Amazon's streaming business. This year is shaping up to be the most competitive yet for the industry, with Disney, Apple, and NBCUniversal all investing heavily in their own video-streaming apps. HBO and Netflix are also doubling down on their offerings. Meanwhile, Amazon's entertainment team, which lost former Studios boss Roy Price in 2017 in the wake of sexual-misconduct allegations, has been grappling with a series of executive departures and planning issues, according to The Information.

Shields spent about 20 years at NBCUniversal, mostly leading the company's overall media and communications strategy. He reported to Bonnie Hammer when she was the chairman of NBCUniversal's cable-entertainment group and was once considered ex-CEO Zucker's top lieutenant and "right-hand man," according to Variety.

Shields is the latest high-profile addition to Amazon's corporate-communications and public-policy team. His boss Carney was former President Barack Obama's White House press secretary. Susan Pointer, who leads Amazon's international-policy team, spent over 10 years at Google in a similar role, while Michael Punke, AWS's vice president of global public policy, was once the US ambassador to the World Trade Organization.

Original author: Eugene Kim

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Feb
07

US appeals court says it won't reconsider reversing the FCC's repeal of net neutrality rules

A US appeals court said on Thursday that it won't reconsider a petition by net neutrality advocates asking the court to reverse the Federal Communications Commission's repeal of net neutrality rules.Companies like Mozilla and states including New York, Illinois, and Virginia had asked for the court to reconsider a previous ruling not to consider a reversal of the repeal.The repeal of net neutrality rules, which essentially stopped internet companies from blocking signals or slowing speeds to certain cites, took effect in 2018.Visit Business Insider's homepage for more stories.

The Federal Communications Commission fended off another challenge to its net neutrality repeal on Thursday when the US Court of Appeals for the District of Columbia said it wouldn't reconsider a petition by net neutrality advocates to reverse the repeal. 

Mozilla, which makes the popular browser Firefox, along with states like New York and Illinois, had asked for a reversal on the FCC's repeal of net neutrality rules. 

Net neutrality included rules that stop internet companies from slowing down or blocking service to certain websites. The FCC's repeal of those rules went into effect in 2018. 

Advocates of net neutrality say that it protects consumers from having to pay extra to access different websites, while the Republican-led FCC said that it stops internet companies from operating freely. 

The petition to reverse that repeal was denied in October, and Thursday's decision denied a request to reconsider that earlier decision. 

Original author: Bryan Pietsch

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Feb
07

3 unicorn takeaways from the Casper and One Medical IPOs

With Casper’s public offering earlier this week, we’ve closed the book on the first two venture-backed IPOs of note in 2020. Casper, joined by One Medical, carried over $870 million of private capital, venture and otherwise, across the finish line.

Even though each IPO featured an unprofitable tech-enabled business that had posted sub-30% growth and gross margins under 50% (far more, in the case of One Medical), they wound up miles apart in terms of their market reception and resulting valuation, measured in revenue multiples terms.

So what can we learn from the two IPOs as we look ahead to other unicorn debuts in 2020? A great number of things that help set the stage for the rest of 2020’s IPO class. Let’s discuss three observations that stick out the most.

Tech-enabled businesses can secure high-flying valuations in public offerings

The surprise of the year so far has been the public market’s reaction to One Medical’s IPO. The company, today worth $3.13 billion, is trading at 11.3x times the top end of its 2019 revenue projections (the company has yet to close the books on its Q4 accounting).

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Oct
08

The RetroBeat — Castlevania: Circle of the Moon somehow became underrated

In an about-face, Amazon is ramping up its pitch for audio ads on Amazon Music, according to three agencies who recently heard the pitch.Amazon had started to test the ads last year.Audio ads are part of Amazon's effort to show that its platform works for advertisers interested in growing brand awareness.According to one agency that's testing Amazon Music's audio ads, the ads require a minimum of $50,000 in ad spend. Another ad-agency exec said CPMs for audio ads cost 30 to 40% less than Amazon's streaming-TV ads.Click here for more BI Prime stories.

Amazon is doing an about-face and ramping up its pitch for ads on Alexa after saying it wouldn't run ads on the smart speakers — at least when it comes to selling ads in Amazon Music.

Last year, Amazon quietly started testing audio ads in the free version of Amazon Music, its music-streaming service built into Alexa-powered Echo devices. Amazon Music also has mobile, desktop, and Amazon Fire apps. The service has two tiers: An ad-supported, free version, and a subscription-based ad-free version.

The ads are limited to Amazon Music and do not play elsewhere in Alexa, including in the miniapps — or skills — that publishers and marketers create.

Amazon is now making Amazon Music a bigger selling point, three agencies who have received Amazon's pitch in recent months told Business Insider. The agencies spoke on the condition of anonymity because of their relationships with Amazon.

One agency said Amazon started pitching them audio ads in September. Another said Amazon plugged the format in the past couple of weeks as part of its advertising business that includes search, video, and programmatic advertising.

"I literally gasped," an executive at the agency said. "I was truly shocked because Amazon has made such a big deal about not using [Alexa] as an ad platform for so long."

The executive, whose identity is known to us, spoke on the condition of anonymity because of their agency's close ties with Amazon.

Amazon did not respond to a request for comment from Business Insider.

Amazon is playing up audio ads as a branding tool for marketers

Amazon explains its advertising business to marketers as a funnel. At the top are formats directed at helping marketers build brand awareness and product loyalty. Search ads geared toward getting consumers to buy products on Amazon are at the bottom of the funnel. One agency said a pitch deck laid out the audio ads at the top of the funnel alongside over-the-top-media (OTT) and Kindle ads.

The focus on branding is important because Amazon has been trying to demonstrate that it works for advertisers that don't sell items on Amazon but want to increase awareness of their brand.

"It is a true strength that they can act on every stage of the funnel — that's what they always bring it back to," the agency exec who recently received the pitch deck said.

According to two media buyers, audio ads are pitched in decks that are part of marketing for Amazon's demand-side platform (DSP), the media-buying software that advertisers use to buy ads on publishers' websites. Advertisers use the DSP in two ways: Big brands work with an Amazon rep to buy campaigns through managed services, and smaller brands do it through a self-service approach. According to one agency, audio ads are available through managed services and to small number of advertisers.

Audio ads require a $50,000 minimum, according to the agency source who's testing them. According to another agency, the presentation said the cost per thousand impressions (CPM) for Amazon Music is 30 to 40% lower than Amazon's OTT ads, which shows how much cheaper audio ads are than video ads. CPM costs for Amazon Fire ads are around $25 to $30, according to buyers.

Amazon is playing up its scale, but ads are low on targeting

Advertisers can run audio ads that are 30 seconds or less, according to the agency that was pitched in September. For ads served to people listening to music on a website or app, the format includes an image. Amazon is using a campaign for Kellogg's Pop-Tarts in its pitch deck, according to the agency source.

Amazon cited research from eMarketer that said 74 million people in the US use a smart speaker to promote its broad reach. However, the Amazon Music ads' measurement is limited, and advertisers cannot target them, two of the agency sources said.

"Clients are saying this is interesting, but it's not an out-of-the-gate game changer," one source said.

One agency exec said marketers would need to tread lightly with audio ads because Amazon execs stressed in the past that Alexa would remain ad-free to avoid turning off people who may feel bombarded by ads.

Alexa has been a bigger focus of Amazon's ad push

In addition to Amazon Music, Amazon has been pitching advertisers on ways to promote Alexa in their commercials that run on Amazon Fire TV apps and its ad-supported IMDb TV streaming service.

In a recent pitch deck, Amazon promoted a format called "branded utterances" that puts Alexa branding in ads. An example with PepsiCo-owned Smartfood features a call to action prompting consumers to ask Alexa to order the popcorn. There is no minimum spend for marketers to make a "branded utterance," though Amazon is promising to cover the cost of creative work for advertisers that spend at least $750,000 on advertising, according to the deck.

To read more about Amazon's advertising business, check out these stories from Business Insider Prime:

Inside Amazon: Everything we know about the e-commerce giant's growing advertising business

Amazon is known for its ruthless interviewing process. We talked to insiders about how to get a job there.

7 charts show why Amazon's ad business could balloon to $17 billion this year and is a growing threat to Google

Original author: Lauren Johnson

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Feb
07

February 13 – 472nd 1Mby1M Mentoring Roundtable for Entrepreneurs - Sramana Mitra

Entrepreneurs are invited to the 472nd FREE online 1Mby1M mentoring roundtable on Thursday, February 13, 2020, at 8 a.m. PST/11 a.m. EST/5 p.m. CET/9:30 p.m. India IST. If you are a serious...

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Original author: Maureen Kelly

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Feb
07

Our.News fights misinformation with a ‘nutrition label’ for news stories

A startup called Our.News is working to make its users smarter consumers of the news.

In other words, it’s confronting some big, seemingly intractable problems. For one thing, there’s a tremendous amount of disinformation online — as Our.News founder and CEO Richard Zack put it, “Unfortunately, you have thousands of people all over the world who intentionally make it hard for people to know what’s true.

At the same time, many people don’t trust the media and don’t trust fact-checkers. (Also, facts don’t actually change people’s minds.)

All of this adds up to an environment where no one is quite sure what to believe, or they simply accept the stories that reinforce their existing beliefs.

“You can’t fight misinformation by telling people what’s true, because they don’t believe it,” Zack said. His solution? Something that he described as a “nutrition label for news.” “It doesn’t tell you it’s good or bad, it doesn’t say buy it or don’t buy it, it leaves the buying decision in the hands of the consumers.”

In some ways, the approach is similar to NewsGuard, which rates online news sources. In fact, Zack said, “We really support NewsGuard and what they’re doing.” Still, he suggested that evaluating publishers isn’t enough, which is why Our.News provides labels for individual articles — he compared it to “trying to choose between Lucky Charms and Cheerios,” where it’s not enough to know that both cereals are manufactured by General Mills.

To put it another way, you don’t want to just accept what a publisher tells you. Even the best publisher can make mistakes, so you also want to understand what claims they’re making, what their sources are and whether those claims have been vetted by independent fact checkers.

An Our.News label is accessible through Firefox and Chrome browser extensions, as well as an iOS app. The label includes publisher descriptions from Freedom Forum, along with bias ratings from AllSides; information about an article’s sources, author and editor; fact-checking information from sources like PolitiFact, Snopes and FactCheck.org; labels like “clickbait” or “satire”; and user ratings and reviews.

Zack said Our.News has created around 600,000 labels to date, generating about 5,000 new ones every day. Of course, there’s still a good chance that the article you’re reading won’t have a label, but if that’s the case, Our.News might still be able to show you publisher information, and users can also click a button to add the article into the system.

“We’ve intentionally combined objective facts [about the article] with subjective views,” Zack added. “We think that’s the solution … If you go purely subjective, then it’s just a popularity contest. If it’s just objective, then who’s the determiner of truth? We’re mixing the two together, condensing it all into the nutrition label, so news consumers can more quickly make their own decision.”

He also acknowledged that different users will treat the labels in different ways. Some, for example, may still not trust the fact-checkers, but even then, Zack argued there’s still value in giving them a way to provide feedback to publishers in a way that’s more structured than a regular comments section.

He also noted that user ratings will be weighted based on their interaction with the label — if you skip the publisher information, skip the sources and skip the fact-checking, then your rating won’t be worth as much as someone else who carefully considered all of that information.

In addition to its current, consumer-focused distribution, Our.News just launched a way for publishers and other businesses to incorporate its labels. Zack said this could be used by “news publishers, content aggregators, social networks, anywhere that’s displaying articles.” (This is also how he plans to make money.)

The hope is that Our.News partners can use these labels to make readers more comfortable trusting their content, and to collect feedback from those readers. There will be some degree of customization available, but Zack emphasized that publishers won’t be able to change the actual content of the labels.

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Feb
07

AssoConnect is a service that helps you manage your nonprofit organization

Meet AssoConnect, a French startup that is building a software-as-a-service application to give you all the tools you need to manage your nonprofit organization (association in French).

The company just raised a $7.7 million (€7 million) funding round with XAnge and ISAI leading the round. Various business angels, such as Nicolas Macquin, Rodolphe Carle, Michaël Benabou, Thibaud Elzière and Phil Tesler are also participating in today’s funding round.

Many nonprofit organizations use tools and services that aren’t really designed for this type of organization. Some manage members in an Excel spreadsheet, waste a ton of time with accounting tasks and leave money on the table by making it hard to accept donations and memberships.

AssoConnect combines multiple services in its web interface. First, it lets you centralize information about your members in a single database. It acts as a light CRM, and you can create multiple groups of members depending on what they do in the organization.

Second, AssoConnect handles memberships and donations directly. You can create a form that interacts directly with your database to help new users join your organization. You also can create a donation module that can automatically generate tax forms. And you can create an online store if you’re selling goods.

If you don’t have a website already, you can use AssoConnect’s template-based website builder. You also can create events and email your members from AssoConnect using Mailgun.

Finally, the startup tries to generate accurate accounting reports based on donations, membership fees, ticket sales, etc. That’s why it makes sense to centralize everything through AssoConnect.

The service offers a free tier for organizations with 30 members or fewer. But you’ll have to pay a monthly subscription fee if you have higher needs. It’s a tough sell, given that nonprofit organizations usually don’t have a ton of money to spend on tools and services.

But the company has managed to convince 10,000 French organizations to switch to AssoConnect so far. Up next, AssoConnect wants to hire 80 people in 2020 and launch its service in the U.S.

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Oct
08

E2open: AI used during pandemic cut supply chain error by 32%

Russ Heddleston Contributor
Russ is the cofounder and CEO of DocSend. He was previously a product manager at Facebook, where he arrived via the acquisition of his startup Pursuit.com, and has held roles at Dropbox, Greystripe, and Trulia. Follow him here: @rheddleston and @docsend

Fundraising is the single most important thing you can do for your business, but I know very few founders who enjoy the process.

It’s inherently stressful: you’re running out of capital, which is why you’re trying to get more of it. There’s also no clear roadmap to getting funding and almost every company goes through the process differently. I’ve talked a lot about what makes a successful early-stage pitch deck and what you can expect when you’re trying to close a funding round. But do those same best practices still apply when you’re fundraising outside of the United States?

Before we continue, the research project that we’ve completed is opt-in, and we don’t look at anyone’s data without their express permission. We take privacy very seriously, but we also work with an amazing group of founders who are willing to pass on what they’ve learned to the next generation of founders going through the process. If you want to be included in our next round of research, you can find the survey links at the bottom of this blog post.

So what can you expect while sending your pitch deck out to European VCs?

Have a 9-12 month runway

When DocSend conducted this study previously, we found that the average length of a Series seed or pre-seed was about 11-15 weeks. In fact, according to our research, if you’re in the United States and you’re sending your pitch deck to investors, you can expect about 50 percent of your views to come in just the first nine days. You’ll also hit 75 percent of your visits in just over a month, which is very much in line with the 11-15 week average window.

However, when we look outside of the U.S., the numbers change dramatically.

Sending out your pitch deck in Europe, you can expect to wait over two weeks (15 days) for the first 50 percent of your visits. And you’ll likely wait nearly two months (53 days) for 75 percent of your visits. There are a lot of reasons for the discrepancies. It could be that your potential investors are more spread out. We also don’t see the same level of urgency in EU funding rounds as we often see in the U.S. No matter the reason, you’re going to want to have enough runway to survive the fundraising gauntlet in your region. While I usually recommend having at least six months in the bank, you may want to look at having 9-12 months of runway so you’re not desperate by the end of your fundraising round.

However, your round speed will most likely vary depending on the type of company you are. There has been a trend in recent years of U.S. investors looking to make deals with European startups. We also know American investors are looking for 100x companies to make solid returns for their funds. There are only so many 100x-type companies in the U.S you can invest in, but Europe is an emerging market. But American VCs have a different pace and rounds for hot startups can last weeks, not months. So if you think you have a unicorn in the making (and are comfortable with a more aggressive growth plan and the burn rate that goes with it), you can use U.S. investors to help create a sense of urgency. But even if that’s your plan, I would still recommend having a healthy runway to get you through in case the round doesn’t go as you expect.

VCs are likely to spend more time on your deck — you should too

A clear indicator of VC interest is the amount of time they spend reading your deck before they request a meeting. Knowing how long they spend reading your deck and what pages they stop on (which isn’t necessarily a good thing) can help you gauge VC interest.

We’ve seen an interesting trend in Europe over the last few years. The average amount of time VCs are spending reading a deck has increased and not by a small amount. We’ve seen an increase of more than 20 seconds between 2018 and now, even while the length of the standard fundraising deck has stayed stable. It’s still within the industry average (both in and outside of the U.S.) of 19-20 pages. With page length staying stable, that extra time on a deck means VCs are willing to spend more time assessing an investment.

If you know your slides will be scrutinized, make sure you have content in each of the key sections VCs expect to see in your deck. Be very clear with the goal for each page and don’t include too much information. If your page is describing the problem your company is solving, you don’t need to add in your market size and the traction you’ve already gotten. Remember, the pitch deck is just there to get you the meeting; you don’t need to include every detail about your business. Your goal is to build an understandable narrative that will make a VC want to know more.

You could face more competition for European VCs’ attention

Investments are heating up outside of the U.S.

With fund sizes increasing, especially in the earlier rounds, there’s more money being invested. But with the continual focus on unicorns, that money is being concentrated in fewer companies. In fact, in the U.S., we’ve seen the number of decks with six or more views drop by nearly a full percentage point from 2018 to 2019. But the trend is the opposite in Europe. The number of pitch decks that are being viewed six or more times is actually on the rise.

We’ve also seen the number of pitch decks being viewed only once drop outside of the U.S. by 1.2 percent. This could be due to several factors. The number of VC firms in Europe viewing decks has grown by 56 percent on our platform in the last year. In the U.S., it’s only grown by 35 percent since 2018. Having more active VCs means there are more opportunities to pitch your company. But with a decrease in pitch decks that aren’t getting any action, it could be that the quality of startups is increasing, so VCs are saturated with opportunities. With well over 250 accelerators in Europe, it isn’t hard to imagine that with more and more resources available, startups are further along when looking for that initial investment than they were just a few years ago.

Takeaways

Raising a funding round is completely different in Europe than it is in the U.S.

Investors in Europe aren’t in a rush to view your deck, but when they do, they will likely spend more time reading it through and considering it. Combine that with the fact that the number of highly-viewed decks is increasing, and you have the makings for a long and potentially arduous round pitching to VCs who have multiple good investments on offer.

If your business will support a more aggressive growth plan and investment, it may be worth it to court outside investment. But if you’d like to play it safe, aiming for a U.S. VC may be a waste of time.

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Feb
07

February 19 – Rendezvous Meetup to Discuss How to Compete with Heavily Funded Competitors - Sramana Mitra

For entrepreneurs interested to meet and chat with Sramana Mitra in person, please join us for our bi-monthly and informal meetups. If you are living in the San Francisco Bay Area or are just in town...

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Original author: Maureen Kelly

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Feb
07

Roundtable Recap: February 6 – Validation Should Be Done with Potential Customers, NOT Advisors - Sramana Mitra

We had two pitches today. Etelier First up, was Sean Dehan from Austin, Texas, pitching Etelier, a membership-based luxury product marketplace. We discussed how to introduce a membership model....

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Original author: Sramana Mitra

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Oct
06

Zero trust and UES lead Gartner’s 2021 Hype Cycle for Endpoint Security

In a little less than three months, TechCrunch will bring its Early Stage event to SF for the very first time. Early Stage is meant to bring together more than 50 experts across startup core competencies, from funding to marketing to operation.

Today, I’m pleased to announce another four experts being added to the agenda. We’re thrilled to be joined by Priti Youssef Choksi, Brooke Hammerling, Ethan Smith and Susan Su.

Priti Youssef Choksi

Choksi is a partner on the Norwest Venture Partners consumer internet team. Before joining Norwest, she spent nine years in executive roles at Facebook around corporate and business development, leading the company’s M&A efforts. Before Facebook, Choksi spent six years at Google in strategic partnership roles. She was one of the people responsible for setting up the search partnerships with Apple and Mozilla, with top-line revenue from these deals growing from $0 to $4 billion on her watch.

How To Get Your Company Acquired, Not Sold

Learn how to think about M&A as a possible exit opportunity from a former Facebook corporate development executive turned investor. Understand what acquirers are looking for and what questions you should be asking. Create optionality for yourself as you build and grow your company.

Brooke Hammerling

Brooke Hammerling is the founder of The New New Thing, a strategic communications advisory that works with founders to shape the brand narrative. She also founded Brew Media Relations, which was acquired by Freuds in 2016 for a reported $15 million. She has 20 years of experience in the communications field, with a focus on authenticity and relationships at the core of her business. Brands she’s worked with include Live Nation, Framebridge, Refinery 29, Sonos, Splice, GroupMe, Eko and Oracle.

How To Tell The Story Between The Stories

The news never sleeps. Hear from communications veteran Brooke Hammerling, founder of Brew PR and The New New Thing, about how to build a narrative that isn’t driven by press releases and announcements.

Ethan Smith

Ethan Smith is the founder and CEO of Graphite, an SEO and growth marketing agency based out of San Francisco. He’s served as a strategic advisor to Ticketmaster, MasterClass, Thumbtack and Honey. Before Graphite, Smith held several executive roles in product management and marketing, and has been tapped by organizations like VenturebBeat, MarketWatch and INC to speak and write about SEO and growth marketing.

How To Build A High-Performance SEO Engine

Hear from Ethan Smith, who has worked with brands like MasterClass, Ticketmaster and Thumbtack, as he shares some of the most effective modern SEO strategies. Starting with a deep understanding of the user and their intent, the most successful modern SEO strategies focus on building a data-driven approach to drive user experience, content and conversion to ultimately beat the competition.

Susan Su

Susan Su is a startup growth advisor and EIR at Sound Ventures. Su has led startup growth at Stripe, served as an in-house growth advisor at 500 startups and led the growth marketing as a founding team member at Reforge. After a career that spanned both product and marketing, Su has combined the two to take advantage of the rise of scaled distribution platforms.

Minimum Viable Email

Love it or hate it, email is here to stay. But understanding where it fits into the conversion funnel, and how to maximize its impact, can be arduous. Learn from Sound Ventures advisor and EIR Susan Su how to optimize open rates, deliverability, unsubscribes and conversions for consumer and enterprise products alike.

There will be about 50+ breakout sessions at the show, and attendees will have an opportunity to attend at least seven. The sessions will cover all the core topics confronting early-stage founders — up through Series A — as they build a company, from raising capital to building a team to growth. Each breakout session will be led by notables in the startup world on par with the folks we’ve announced today.

Don’t worry about missing a breakout session, because transcripts from each will be available to show attendees. And most of the folks leading the breakout sessions have agreed to hang at the show for at least half the day and participate in CrunchMatch, TechCrunch’s great app to connect founders and investors based on shared interests.

Here’s the fine print. Each of the 50+ breakout sessions is limited to around 100 attendees. We expect a lot more attendees, of course, so signups for each session are on a first-come, first-serve basis. Buy your ticket today and you can sign up for the breakouts we are announcing today. Pass holders will also receive 24-hour advance notice before we announce the next batch. (And yes, you can “drop” a breakout session in favor of a new one, in the event there is a schedule conflict.)

We’re absolutely thrilled for this event, and we hope you are, too. Buy a pass to Early Stage SF 2020 right here!

Interested in sponsoring Early Stage? Hit us up here.

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Feb
07

Why is One Medical worth more than Casper?

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

This week was something fun. First, we were back as a group in the San Francisco studio, which is always fun. Even better, we had NEA’s Rick Yang on hand to chat with Danny and Alex about the week. Yang, as old-school Equity listeners will recall, was on the show back in 2017. (Equity turns three soon, which is somewhat amazing.)

All that aside, let’s talk about what we talked about. As always, we kicked off with three rounds:

Sendoso raises $40 million on the back of 330% revenue growthFinix raises $35 million for its payments infra product with Sequoia as its new leadElodie Games picks up $5 million for cross-platform, in-house games (this sounds super cool)

After that we chugged through a mountain of news. First up, the confirmation of a story that we mentioned on the show before, namely the existence of a new venture fund (angel pool, perhaps) from the CEO of email startup Superhuman Rahul Vora and Eventjoy founder Todd Goldberg. The $7 million vehicle is going to cut pre-seed sized checks ($75,000 to $200,000), which should make it a popular pit stop for pre-revenue companies.

What next? Well, Casper of course. The company’s IPO pricing and debut was this week, something that we’ve had something to say about. That, and the latest from One Medical’s strong post-IPO performance, and the news that Asana has filed privately to go public in a direct listing.

That last item was of particular interest, as the company hasn’t raised as much cash as other companies that we’ve seen direct list, the Spotifys and Slacks of the world. So has it raised capital that we haven’t heard about, or has it simply not spent the capital it has raised? If it had spent the money, then wouldn’t it want to raise some like with a traditional IPO? Mysteries! Riddles that will be solved when we get to see the damn filing.

Oh, and Spotify continues to pour money into podcasting. Which everyone ’round the table thought was pretty smart.

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

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Oct
07

AppLovin stirs the mobile ad pot as it buys Twitter’s MoPub for $1.05B

This morning Carta, a startup that helps private companies manage equity, announced it has created an investing vehicle called Carta Ventures. The well-funded unicorn wants to invest in young startups that it sees building off of its data-driven perspective into the world of private companies, helping to foster an ecosystem around its core products and services.

As TechCrunch has reported, the world of corporate venture capital has seen an enormous rise in the number of players active in the category, as cash-rich incumbents of all sizes deploy cash as a way to both keep an ear to the ground in their market and surrounding areas, and perhaps drive some cash-on-cash returns to boot. Companies like Slack have also compiled investing entities while private to put capital to work in companies that plug into their platform.

With all the activity in corporate venture capital, why do we care about Carta Ventures? Mostly because Carta itself is of growing importance in the expanding and increasingly crucial world of private companies, and the company has some pretty specific things it’s looking to invest in.

Why private companies matter

Carta works with private companies to help with certain valuation varietals, cap tables and reporting. It also offers tools and services for the venture class. This puts it squarely in the middle of the private market, which is in the midst of a long crescendo.

Investment into private companies is growing. The number of public companies is falling, and it’s taking longer for private companies to go public. The companies staying private are worth hundreds of billions of dollars. Hell, even The Economist dug into the private company boom, noting that “[i]nstitutional investors are rushing headlong into private markets, especially into venture capital, private equity and private debt.”

And Carta provides behind-the-scenes sinew and tissue to both the players (startups and other private companies) and their fuel (investors of all stripes). Efforts that sum to the startup working to expand the world of companies supporting those same firms through its new venture fund.

Carta wants to accelerate (and even instigate, as we’ll see) companies that add to its own platform, making investing and participating in the private markets a bit more limpid and simple — two things that the world of private capital and its constituent bets have never had in abundance.

Capital for whom?

To get a grip on who Carta wants to fund and why, TechCrunch caught up with James McGillicuddy, who heads up strategy for the company. Starting with the basics, the capital that Carta Ventures plans to invest will come out of Carta’s own accounts. McGillicuddy said that the entity will invest “balance sheet capital, with no outside structure,” meaning that the setup is “very much from the corporate ventures playbook.”

Standard so far, then. Next we wanted to know about how many general partners Carta Ventures would muster to go into the market. Instead of answering that directly, McGillicuddy discussed a number of existing internal staffers, and a collection of folks that he considers a “pretty good group of folks in the classical sense on the investment committee that will be able to help these entrepreneurs and guide them towards a business that we think should exist now that we [are] programmatically opening up access to the markets.”

Carta Ventures intends to write seed checks, according to a pre-release copy of a blog post shared with TechCrunch. McGillicuddy added that Carta Ventures’ “first priority is helping folks think through how to leverage our platform to build things that we think should exist, that we don’t have the expertise [in].”

As you can tell from McGillicuddy’s last two answers, there is intentionality afoot at Carta Ventures in terms of what it wants to see built.

In a blog post written by Carta CEO Henry Ward, three companies are mentioned: A startup focused on helping other companies come up with fair and market-fitting “total compensation” for employees including both cash and stock; a startup focused on “build[ing] analytic investment tools for venture as an asset class;” and one final startup focused on executing and publishing research on private companies.

I was curious why Carta wouldn’t just build this out itself, given how precise its anticipation of what it wants to be built. McGillicuddy said that the best people for all things that Carta wants to see aren’t inside its offices (true), and that even if some of those folks were already working for Carta, his company has “many other priorities and so many things to build.” 

Fair enough. But it indicates that Carta isn’t just building a corporate venture arm to go out and put money to work in companies that could later eat its lunch. Instead, it wants to put to use capital as a lever to power particular firms that could extend its reach.

What else?

Carta’s venture fund is willing to put money to work in idea-stage companies, provided that you’re doing stuff that it finds enticing (see above). And Carta is willing to put you up in its office and so forth. It’s there to help if you want it.

Why is all this happening? Carta isn’t public and probably isn’t profitable. How can it afford to have its own venture arm? This is how:

 

That was back in mid-2019 when it raised $300 million at a $1.7 billion valuation.

When the private capital markets are wiling to throw that much money at you, why not put it to work funding smaller companies who may profit off of your private company platform?1

If you say “private companies” four times fast, you have to accept a check from Carta Ventures. It’s the rule.

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