La Belle Vie wants to compete with Amazon Prime Now in Paris

French startup La Belle Vie announced a new funding round of $6.5 million earlier this week (€5.5 million). Julien Mangeard, Thibaut Faurès Fustel de Coulanges, Louis Duclert, Kima Ventures and Shake-Up Factory participated in the founding round.

Online grocery shopping is becoming quite competitive in Paris. You can order groceries from Amazon using Amazon Prime Now. And all the traditional supermarkets are launching or relaunching services to order and receive groceries within a couple of hours — Carrefour Livraison Express, Franprix’s mobile app, etc.

But all those services aren’t necessarily designed for this kind of offering. With Franprix’s app for instance, a rider is going to pick up your groceries in the nearest store and bring them to you. With Amazon Prime Now, Amazon has a big warehouse in the North of Paris filled with Kindles, books and tomatoes.

La Belle Vie wants to focus exclusively on your groceries and optimize all the steps. It starts with a big inventory. La Belle Vie sells you basic groceries, organic stuff, meat, fish and vegetables. Last year, the company acqui-hired 62degrés to sell fresh prepared meals too.

La Belle Vie has developed all its tools from scratch, including its ERP, a warehouse management service and a delivery management service. In 2017, the startup generated $3.5 million in sales (€3 million) in sales.

With this funding round, the company plans to launch a second warehouse in Paris and new cities, starting with Lyon. But the best part is that you can order croissants without going to the boulangerie — finally a croissants-as-a-service startup.


Source: Tech Crunch

Apple started paying $15 billion European tax fine

It took a couple of years, but Apple has started to pay back illegal tax benefits to the Irish government. The company has paid $1.77 billion (€1.5 billion) into an escrow account designed to hold the fine. Apple has to pay $15 billion in total (€13 billion).

In August 2016, the European Commission said that Apple benefited from illegal tax benefits in Ireland from 2003 to 2014. According to Competition Commissioner Margrethe Vestager, Apple managed to lower its effective corporate tax rate thanks to a Double Irish structure.

By creating two different Irish subsidiaries and allocating profit to the right subsidiary, you can end up paying corporate tax on a fraction of your actual profit. Of course, Apple wasn’t the only tech company that optimized its tax structure. And the company also claimed that everything was legal.

The Irish government tried to appeal the decision but the decision remained intact. Ireland had to recover €13 billion starting on January 2017.

But nothing happened.

At some point Vestager got mad again and referred the case to the European Court of Justice. This time, Vestager wasn’t attacking Apple, but Ireland.

It looks like the case is closed now and Apple will slowly pay back the fine over time. Unfortunately, the fine is now more expensive than before because the U.S. dollar has been going down for a couple of years. Apple has hundreds of billions in cash, and a significant portion is overseas.

European governments lobbied to put an end to the Double Irish back in 2014. Apple moved some of its international cash to the tiny island of Jersey around the same time.

European governments are currently discussing a tax reform to tax big tech companies based on actual revenue in each European country. This way, tech companies wouldn’t be able to report profit in just one country with a lower corporate tax rate. But it’s taking longer than expected as some member countries are still dragging their feet.


Source: Tech Crunch

zGlue launches a configurable system-on-a-chip to help developers implement customized chipsets

The complexity and cost of packing an array of sensors and power inside a small amount of space has opened the door to a wider and wider variety of use cases for internet-connected devices beyond just smart thermostats or cameras — and also exposed a hole for getting those ideas into an actual piece of hardware.

So there are some startups that are looking to address this hole by providing developers a path to creating the customized chipsets they need to power those devices. zGlue is one of those, led by former Samsung engineering director Ming Zhang and former Misfit founder Sonny Vu.  The company’s chiplets are built around the kind of system-on-a-chip approach that you’ll see in most modern devices, where everything is in a single unit that reduces some of the complexity of moving processes around a larger piece of hardware — shrinking the space constraints and allowing all these actions to happen on a device, such as a smartphone. As more and more IoT devices come online, they may all have varying form factor demands, which means companies — like zGlue and others — are emerging to address those needs.

“From the developer point of view, think of us as a system that is not different from any thing else on the market, user-interface-wise,” Zhang said. “It is just smaller in size, faster in time to market, and flexible — customizable by individuals rather than just by Apple and Qualcomms. [We’re] democratizing chip innovation so it is no longer [a] privilege of Fortune 500 companies.”

The company’s first product is called the zOrigin, a “chip-stacking” product that aims to allow developers to embed the sensors and processes necessary for their devices. Stemming from an ARM 32-bit core processor (meaning it can handle more complex and precise calculations), the first launch costs $149 and can include pieces like a Bluetooth radio, accelerometers, and other necessary features.

zGlue’s chipsets have embedded memory, which is an increasingly common approach to try to reduce the number of trips going from the actual processing power to where the information is stored. Those trips cost power, speed, and can restrict the scope of use cases for internet-connected devices. Zhang said the chiplets are packaged closer together — literally reducing the space that information has to cross — in order to speed it up, though that of course carries consequences when it comes to heat constraints these processors can have.

“That’s the price to pay for the continuation of Moore’s law, as it has in the past 40 years,” Zhang said. “Heat dissipation in our system is not going to be any worse than a conventional system. In fact, with the silicon substrate in place, it’s easier to conduct heat compared to a conventional package or board substrate.”

As a kind of templated approach, zGlue is geared toward helping developers produce a custom setup that the can implement into devices that may require a wide set of sensors. The company says it looks to help developers go from a design to a prototype in a few weeks, and then reduce the turnaround time from a prototype to production in “weeks or months,” depending on the complexity and volume.

While this is one example of trying to get a prototype chip out into the wild, there are a few others as well. Si-Five, for example, offers developers a way to prototype custom silicon for their specific niches based on the hardware and IP the startup has. The goal there is to offer both a prototype flow and the ability to graduate into a production flow, allowing developers and companies to get products out the door that require custom silicon. Si-Five hardware is based on the RISC-V architecture, an open-source instruction set for silicon, and the company most recently raised $50.4 million.

Zhang, too, said RISC-V offers some potential, especially in its own scope. “RISC-V is a great tool to build small, fast, and low power IoT applications,” he said. “The nature of open source makes it more available to more people. We welcome and embrace RISC-V to join the family of ‘MCU’ chiplets supported by our technology.”

When it comes to inference — the machine learning processes that happen on the hardware to execute some kind of action, like image recognition, based on trained models — Zhang said the chipsets would support it, but he would not comment further. There is a blossoming ecosystem around custom silicon that looks to speed up inference on devices like cars or IoT devices, which is geared toward reducing the space and power constraints of those chips while also running those processes much more quickly. Companies like Mythic have raised significant venture funding in order to build that kind of hardware.


Source: Tech Crunch

Trump reportedly pushed USPS to double Amazon’s shipping rates

According to new reporting from The Washington Post, President trump personally pushed United States Postal Service head Megan Brennan to jack up shipping prices on Amazon and and other firms.

The story comes from unnamed sources, who suggest that, thus far, the Postmaster General has held out against pressure from the President. If enacted, the new pricing structure would likely cost the online retailer and others billions.  g

Amazon has been in Trump’s crosshairs from some time, of course. In late March, he took to Twitter to personally call out a “scam” he believed was costing the USPS “billions,” writing, “If the P.O. ‘increased its parcel rates, Amazon’s shipping costs would rise by $2.6 Billion.’ This Post Office scam must stop. Amazon must pay real costs (and taxes) now!”

Brennan has reportedly pushed back on the notion that deals with companies like Amazon have been a bad deal for the postal service, offering evidence of the upsides of such partnerships in meetings with the President. She has also noted that such multiyear contracts wouldn’t be easy to break.

But Trump’s criticism of Amazon clearly has a personal element. Here’s a nice compendium of the many times he’s gone after the company and its owner Jeff Bezos on Twitter — at least through late-March. The criticism really started to hit its stride around 2015. Bezos, of course, also own The Washington Post, a paper Trump has regularly called out for reporting “fake news.” 

Further clouding all of this is the fact that the USPS hasn’t released the specfics of its pricing deals with Amazon, for fear of given competing delivery services “an unfair advantage.” It has, however, insisted that it’s made money on its deals with Amazon, in spite of the fact that the service reported a $2.7 billion loss in 2017.


Source: Tech Crunch

EU parliament pushes for Zuckerberg hearing to be live streamed

There’s confusion about whether a meeting between Facebook founder Mark Zuckerberg and the European Union’s parliament — which is due to take place next Tuesday — will go ahead as planned or not.

The meeting was confirmed by the EU parliament’s president this week, and is the latest stop on Zuckerberg’s contrition tour, following the Cambridge Analytics data misuse story that blew up into a major public scandal in mid March. 

However the discussion with MEPs that Facebook agreed to was due to take place behind closed doors. A private format that’s not only ripe with irony but was also unpalatable to a large number of MEPs. It even drew criticism from some in the EU’s unelected executive body, the European Commission, which further angered parliamentarians.

Now, as the FT reports, MEPs appear to have forced the parliament’s president, Antonio Tajani, to agree to livestreaming the event.

Guy Verhofstadt — the leader of the Alliance of Liberals and Democrats group of MEPs, who had said he would boycott the meeting if it took place in private — has also tweeted that a majority of the parliament’s groups have pushed for the event to be streamed online.

And a Green Group MEP, Sven Giegold, who posted an online petition calling for the meeting not to be held in secret — has also tweeted that there is now a majority among the groups wanting to change the format. At the time of writing Giegold’s petition has garnered more than 25,000 signatures.

MEP Claude Moraes, chair of the EU parliament’s Civil Liberties, Justice and Home Affairs (LIBE) committee — and one of the handful of parliamentarians set to question Zuckerberg (assuming the meeting goes ahead as planned) — told TechCrunch this morning that there were efforts afoot among political group leaders to try to open up the format. Though any changes would clearly depend on Facebook agreeing to them.

After speaking to Moraes, we asked Facebook to confirm whether it’s open to Zuckerberg’s meeting being streamed online — say, via a Facebook Live. Seven hours laters we’re still waiting for a response, including to a follow up email asking if it will accept the majority decision among MEPs for the hearing to be livestreamed.

The Libe committee had been pushing for a fully open hearing with the Facebook founder — a format which would also have meant it being open to members of the public. But that was before a small majority of the parliament’s political groups accepted the council of presidents’ (COP) decision on a closed meeting.

Although now that decision looks to have been rowed back, with a majority of the groups pushing the president to agree to the event being streamed — putting the ball back in Facebook’s court to accept the new format.

Of course democracy can be a messy process at times, something Zuckerberg surely has a pretty sharp appreciation of these days. And if the Facebook founder pulls out of meeting simply because a majority of MEPs have voted to do the equivalent of ‘Facebook Live’ the hearing, well, it’s hard to see a way for the company to salvage any face at all.

Zuckerberg has agreed to be interviewed on stage at the VivaTech conference in Paris next Thursday, and is scheduled to have lunch with French president Emmanuel Macron the same week. So pivoting to a last minute snub of the EU parliament would be a pretty high stakes game for the company to play. (Though it’s continued to deny a UK parliamentary committee any facetime with Zuckerberg for months now.)

The EU Facebook agenda

The substance of the meeting between Zuckerberg and the EU parliament — should it go ahead — will include discussion about Facebook’s impact on election processes. That was the only substance detail flagged by Tajani in the statement on Wednesday when he confirmed Zuckerberg had accepted the invitation to talk to representatives of the EU’s 500 million citizens.

Moraes says he also intends to ask Zuckerberg wider questions — relating to how its business model impacts people’s privacy. And his hope is this discussion could help unblock negotiations around an update to the EU’s rules around online tracking technologies and the privacy of digital communications.

“One of the key things is that [Zuckerberg] gets a particular flavor of the genuine concern — not just about what Facebook is doing, but potentially other tech companies — on the interference in elections. Because I think that is a genuine, big, sort of tech vs real life and politics concern,” he says, discussing the questions he wants to ask.

“And the fact is he’s not going to go before the House of Commons. He’s not going to go before the Bundestag. And he needs to answer this question about Cambridge Analytica — in a little bit more depth, if possible, than we even saw in Congress. Because he needs to get straight from us the deepest concerns about that.

“And also this issue of processing for algorithmic targeting, and for political manipulation — some in depth questions on this.

“And we need to go more in depth and more carefully about what safeguards there are — and what he’s prepared to do beyond those safeguards.

“We’re aware of how poor US data protection law is. We know that GDPR is coming in but it doesn’t impact on the Facebook business model that much. It does a little bit but not sufficiently — I mean ePrivacy probably far more — so we need to get to a point where we understand what Facebook is willing to change about the way it’s been behaving up til now.

“And we have a real locus there — which is we have more Facebook users, and we have the clout as well because we have potential legislation, and we have regulation beyond that too. So I think for those reasons he needs to answer.”

“The other things that go beyond the obvious Cambridge Analytica questions and the impact on elections, are the consequences of the business model, data-driven advertising, and how that’s going to work, and there we need to go much more in depth,” he continues.

“Facebook on the one hand, it’s complying with GDPR [the EU’s incoming General Data Protection Regulation] which is fine — but we need to think about what the further protections are. So for example, how justified we are with the ePrivacy Regulation, for example, and its elements, and I think that’s quite important.

“I think he needs to talk to us about that. Because that legislation at the moment it’s seen as controversial, it’s blocked at the moment, but clearly would have more relevance to the problems that are currently being created.”

Negotiations between the EU parliament and the European Council to update the ePrivacy Directive — which governs the use of personal telecoms data and also regulates tracking cookies — and replace it with a regulation that harmonizes the rules with the incoming GDPR and expands the remit to include Internet companies and cover both content and metadata of digital comms are effectively stalled for now, as EU Member States are still trying to reach agreement. The directive was last updated in 2009.

“When the Cambridge Analytica case happened, I was slightly concerned about people thinking GDPR is the panacea to this — it’s not,” argues Moraes. “It only affects Facebook’s business model a little bit. ePrivacy goes far more in depth — into data-driven advertising, personal comms and privacy.

“That tool was there because people were aware that this kind of thing can happen. But because of that the Privacy directive will be seen as controversial but I think people now need to look at it carefully and say look at the problems created in the Facebook situation — and not just Facebook — and then analyze whether ePrivacy has got merits. I think that’s quite an important discussion to happen.”

While Moraes believes Facebook-Cambridge Analytica could help unblock the log jam around ePrivacy, as the scandal makes some of the risks clear and underlines what’s at stake for politicians and democracies, he concedes there are still challenging barriers to getting the right legislation in place — given the fine-grained layers of complexity involved with imposing checks and balances on what are also poorly understood technologies outside their specific industry niches.

“This Facebook situation has happened when ePrivacy is more or less blocked because its proportionality is an issue. But the essence of it — which is all the problems that happened with the Facebook case, the Cambridge Analytica case, and data-driven advertising business model — that needs checks and balances… So we need to now just review the ePrivacy situation and I think it’s better that everyone opens this discussion up a bit.

“ePrivacy, future legislation on artificial intelligence, all of which is in our committee, it will challenge people because sometimes they just won’t want to look at it. And it speaks to parliamentarians without technical knowledge which is another issue in Western countries… But these are all wider issues about the understanding of these files which are going to come up.  

“This is the discussion we need to have now. We need to get that discussion right. And I think Facebook and other big companies are aware that we are legislating in these areas — and we’re legislating for more than one countries and we have the economies of scale — we have the user base, which is bigger than the US… and we have the innovoation base, and I think those companies are aware of that.”

Moraes also points out that US lawmakers raised the difference between the EU and US data protection regimes with Zuckerberg last month — arguing there’s a growing awareness that US law in this area “desperately needs to be modernized”.

So he sees an opportunity for EU regulators to press on their counterparts over the pond.

“We have international agreements that just aren’t going to work in the future and they’re the basis of a lot of economic activity, so it is becoming critical… So the Facebook debate should, if it’s pushed in the correct direction, give us a better handle on ePrivacy, on modernizing data protection standards in the US in particular. And modernizing safeguards for consumers,” he argues.

“Our parliaments across Europe are still filled with people who don’t have tech backgrounds and knowledge but we need to ensure that we get out of this mindset and start understanding exactly what the implications here are of these cases and what the opportunities are.”

In the short term, discussions are also continuing for a full meeting between the Libe committee and Facebook.

Though that’s unlikely to be Zuckerberg himself. Moraes says the committee is “aiming for Sheryl Sandberg”, though he says other names have been suggested. No firm date has been conformed yet either — he’ll only say he “hopes it will take place as soon as possible”.

Threats are not on the agenda though. Moraes is unimpressed with the strategy the DCMS committee has pursued in trying (and so far failing) to get Zuckerberg to testify in front of the UK parliament, arguing threats of a summons were counterproductive. Libe is clearly playing a longer game.

“Threatening him with a summons in UK law really was not the best approach. Because it would have been extremely important to have him in London. But I just don’t see why he would do that. And I’m sure there’s an element of him understanding that the European Union and parliament in particular is a better forum,” he suggests.

“We have more Facebook users than the US, we have the regulatory framework that is significant to Facebook — the UK is simply implementing GDPR and following Brexit it will have an adequacy agreement with the EU so I think there’s an understanding in Facebook where the regulation, the legislation and the audience is.”

“I think the quaint ways of the British House of Commons need to be thought through,” he adds. “Because I really don’t think that would have engendered much enthusiasm in [Zuckerberg] to come and really interact with the House of Commons which would have been a very positive thing. Particularly on the specifics of Cambridge Analytics, given that that company is in the UK. So that locus was quite important, but the approach… was not positive at all.”


Source: Tech Crunch

AWS adds more EC2 instance types with local NVMe storage

AWS is adding a new kind of virtual machine to its growing list of EC2 options. These new machines feature local NVMe storage, which offers significantly faster throughput than standard SSDs.

These new so-called C5d instances join the existing lineup of compute-optimized C5 instances the service already offered. AWS cites high-performance computing workloads, real-time analytics, multiplayer gaming and video encoding as potential use cases for its regular C5 machines and with the addition of this faster storage option, chances are users who switch will see even better performance.

Since the local storage is attached to the machine, it’ll also be terminated when the instance is stopped, so this isn’t meant for storing intermediate files, not long-term storage.

Both C5 and C5d instances share the same underlying platform, with 3.0 GHz Intel Xeon Platinum 8000 processors.

The new instances are now available in a number of AWS’s U.S. regions, as well as in the services Canada regions. Prices are, unsurprisingly a bit higher than for regular C5 machines, starting at $0.096 per hour for the most basic machine with 4 in AWS’s Oregon region, for example. Regular C5 machines start at $0.085 per hour.

It’s worth noting that the EC2 F1 instances, which offer access to FPGAs, also use NVMe storage. Those are highly specialized machines, though, while the C5 instances are interesting to a far wider audience of developers.

On top of the NVMe announcement, AWS today also noted that its EC2 Bare Metal Instances are now generally available. These machines provide direct access to all the features of the underlying hardware, making them ideal for running applications that simply can’t run on virtualized hardware and for running secured container clusters. These bare metal instances also offer support for NVMe storage.


Source: Tech Crunch

Tiny house trend advances into the nano scale

All around the world, hip young people are competing to see who can live in the tiniest, quirkiest, twee-est house. But this one has them all beat. Assembled by a combination of origami and nanometer-precise robot wielding an ion beam, this tiniest of houses measures about 20 micrometers across. For comparison, that’s almost as small as a studio in the Lower East Side of Manhattan.

It’s from the Femto-ST Institute in France, where the tiny house trend has clearly become an obsession. Really, though, the researchers aren’t just playing around. Assembly of complex structures at this scale is needed in many industries: building a special radiation or biological sensor in place on the tip of an optical fiber could let locations be probed or monitored that were inaccessible before.

The house is constructed to show the precision with which the tools the team has developed can operate. The robot that does the assembly, which they call μRobotex, isn’t itself at the nano scale, but operates with an accuracy of as little as 2 nanometers.

The operator of μRobotex first laid down a layer of silica on the tip of a cut optical fiber less than the width of a human hair. They then used an ion beam to cut out the shape of the walls and add the windows and doors. By cutting through some places but only scoring in others, physical forces are created that cause the walls to fold upwards and meet.

Once they’re in place, μRobotex switches tools and uses a gas injection system to attach those surfaces to each other. Once done, the system even “sputters” a tiled pattern on the roof.

Having built this house as a proof of concept, the team is now aiming to make even smaller structures on the tips of carbon nanotubes — ones that could comfortably pass through the house’s windows.

The researchers published their methods in the Journal of Vacuum Science and Technology.


Source: Tech Crunch

Amazon picks up Nazi-hunting series produced by Jordan Peele

Amazon has given a 10-episode, straight-to-series order to The Hunt, a show created by David Weil and executive produced by Get Out writer-director Jordan Peele.

The series follows a group of Nazi hunters living in New York City in 1977, who discover a broader Nazi conspiracy. As with other contemporary stories about fighting Nazis, I’m sure this will have absolutely no resonance with contemporary politics and culture.

Amazon is already the home of The Man in The High Castle, an adaptation of Philip K. Dick’s alternate history novel in which the Nazis won World War II.

Deadline reports that Sonar Entertainment (which is producing the series with Peel’s Monkeypaw Productions) was in talks with another network before Amazon jumped in.

This is Amazon’s first series pickup since hiring NBC executive Jennifer Salke to take over Amazon Studios in February, following the departure of Roy Price amidst sexual harassment allegations. It also comes after Amazon CEO Jeff Bezos has reportedly pushed the studio to focus on bigger, more mainstream shows.

Peele, meanwhile, recently won the Best Original Screenplay Oscar for writing Get Out, he has a new movie in the works and is also producing Lovecraft Country for HBO.

“When David Weil first shared The Hunt with me, I immediately knew that we had to be involved,” Peele said in a statement. “It’s cathartic. It’s noir. It’s frighteningly relevant. It’s exactly what I want to see on television. I am thrilled to be working with Amazon in bringing this incredible vision to the world.”


Source: Tech Crunch

Selected’s recruiting platform matches teachers with schools they’ll love

A “dating app for teachers” is an odd but useful way to describe the startup Selected, which has just closed on $1.2 million in seed funding for its recruiting platform for educators. And, in all fairness, Selected said it first. The startup’s own website describes itself (a bit tongue-in-cheek) as a “dating app for job-seeking teachers and hiring schools.”

Before you roll your eyes at the shorthand being used here, let’s skip ahead to the main point. And that is – like dating apps – Selected takes advantage of profile-matching technology in order to help teachers find good jobs they’ll want to keep.

With Selected, this involves connecting candidates to schools based on mutual fit in terms of personal preferences, school culture, and teaching methods, among other things.

The dating app comparison didn’t just come out of nowhere, though.

The company began as a tutoring app in New York City, during which time it had teachers building out profiles where they would details their certifications and expertise. But the team found that it was schools who had interest in this app, not parents. In fact, the schools asked if they could reach out to the tutors and offer them jobs.

Seeing an opportunity, Selected pivoted to work on a teacher-to-schools matching app instead, instead of one for tutors.

Another reason for the comparison is that early employee, COO Eric Kim, was formerly a senior product manager at the dating app OKCupid.

“We started talking to him early on as we were thinking about how matching should be designed,” explains Selected co-founder and CEO Waine Tam, a Princeton grad whose own background is in software engineering and education.”[Selected is] similar to a dating app-type interface where you answer a couple of questions about what you’re looking for,” he adds.

However, Tam cautions that – also like dating apps – matches often don’t click until teachers and those hiring them meet in real life.

But Selected can at least get the process started by asking teachers to answer questions that help schools determine if they’re a fit – things like “how much do you value progressive education?” or “do you prefer inquiry-based learning over explicit instruction?,” for example.

This is combined with the collection of more objective data schools need to know, like teachers’ certifications or where they want to work.

The company has only been through one school year cycle since its launch in May 2016, and it placed around 100 teachers through the service that was then live only in New York.

It’s since expanded to reach 10,000 teachers and over 500 pre-K-12 public and private schools. The schools signed up on its platform are largely spread across the Northeast in urban metros like NYC, Boston, Newark/Trenton/Camden, N.J., Bridgeport/New Haven, Connecticut; Philadelphia, and D.C.

The startup’s long-term goal is to help teachers find jobs they like in order to reduce turnover in the U.S. educational system.

Today, there are over 3.8 million teachers in the U.S., the company notes, making teaching one of the largest professions in the U.S. But every year, over 500,000 teachers turn over nationally – something Selected sees as an opportunity to make better matches, in the hopes of keeping teachers long-term.

One of the issues is that teachers have trouble finding jobs despite high demand because they apply to schools that have different requirements than what they bring to the table. Other times, they don’t end up in the right jobs, because the hiring process doesn’t offer a lot of transparency around critical topics, like school culture.

“The number one driver of teacher retention, or on the other side – attrition – is a poor culture match,” Tam points out.

After teachers sign up on Selected, they’re screened for certifications before being approved. Selected then helps applicants with their resumé, and offers coaching.

The teachers then just sit back and wait for schools to reach out with offers. In their first week, they receive around 5 matches, and average around 15 in total. It’s too soon to say if Selected’s hypothesis around improving teacher retention is paying off. That won’t be known for several years still.

Schools are charged a fixed fee when a teacher is hired, which is currently the only source of revenue for the company.

Propel Capital led the seed round, which included participation from Kapor Capital and other investors.

With the seed funding, Selected will continue to develop its business in the NE U.S., and, later, the rest of the country.

New York-based Selected is currently a team of four full-time and four part-time, including co-founder and CTO Luis Pazmiño.


Source: Tech Crunch

First speaker announcements for The Next Stage at Disrupt SF (Sept. 5-7)

One of the many new features at TechCrunch Disrupt SF (September 5-7) is the addition of another stage, which we’re calling The Next Stage. The goal of The Next Stage is to deliver more insights and wisdom to Disrupt SF attendees, especially founders, to help them navigate the startup odyssey better and faster. The Next Stage is also where much of the programming for the 13 tracks at Disrupt SF will take place.

We’re delighted to announce our first sessions on The Next Stage

Consumer brands take forever to earn consumer confidence, unless you happen to be brands like Casper, AllBirds, Birchbox, Rent-the-Runway and Brandless, which became powerful brand names almost overnight. What those brands have in common is Red Antler, a Brooklyn-based creative agency that has attained “brand whisperer” status according to Fast Company for its success standing up startup consumer brands. As a part of our New Retail track, Red Antler co-founder and chief strategist Emily Heyward will join founders Tina Sharkey (Brandless) and Philip Krim (Casper) to discuss the promise and perils of early branding efforts.

This session is part of the New Retail track at Disrupt, which includes speakers on both stages, as well as early-stage exhibiting startups in the New Retail section of Startup Alley. Founders who would like to be a part of the New Retail exhibit area can apply to the TC Top Picks program to win one of five completely free exhibit spots for New Retail startups. The editors pick the five top startups for each category, which get the exhibition space with special “TC Top Picks” signage, three free Founder Passes plus a three-minute interview on our Showcase Stage.

Click here to fill out the application, which should take about five minutes. (Note we have also launched an updated application app, which allows founders to create a single application and use it across all of TechCrunch’s programs — including Startup Battlefield.

TechCrunch will notify the TC Top Picks winners by July 20, but applications close June 29 — so don’t lose any time, apply today.

The biggest “track” of all at Disrupt SF is How Startups Succeed, and two experts will join us on The Next Stage to connect the dots. Eric Ries is author of the 2011 best seller, The Lean Startup, which has sold more than a million copies and remains a must-read for aspiring founders who hope to keep the burn to a minimum. The Lean Startup helped familiarize the world with “pivots” and other features of early-stage startup life, which in turn also helped investors place investments earlier than ever. Few understand that better than August Capital general partner David Hornik, who has 20 years of venture investing experience, launched the first blog about venture capital, (aptly named Ventureblog) and teaches the Startup Garage class at Stanford Business School (which uses the lean startup methodology). They will discuss what’s changed (and what has not) for founders since The Lean Startup was published in 2011.

All these individuals join a line-up of speakers we’ve already announced, including Dropbox CEO Drew Houston, 23andMe CEO Ann Wojcicki and Roblox CEO David Baszucki, and many more.

This is just the first of many great sessions you’ll get to see at Disrupt SF. Video of all the sessions from The Next Stage will be able available on demand only for Innovator, Insider, Investor and Founder Pass holders. Time to get your pass now and take advantage of early-bird pricing!


Source: Tech Crunch