‘Edtech is no longer optional’: Investors deep dive into the future of the market

One reason some venture capitalists and founders don’t enter edtech is because the space has a sluggish stereotype, thanks to red tape, slow sales cycles, and, in America, a fragmented customer base.

But data suggests that edtech’s reputation is not entirely earned. Byju’s is India’s second-most-valuable company. Since 2013, there have been 300 acquisitions in the space. And if you only understand success in terms of unicorns, two edtech businesses, Quizlet and ApplyBoard, were recently added to the $1 billion valuation club.

The tension between edtech’s stereotype and its potential for return, plus the surge in remote learning due to coronavirus-related shutdowns, poses an interesting challenge for the market.

In the beginning of the pandemic, TechCrunch talked to a group of edtech investors to get their knee-jerk reaction to the remote learning boom. Unsurprisingly, many commented that the heat-up of the sector will materially impact K-12 and higher education and unlock new opportunities. Others warned early-stage edtech startups about how newfound competition could hurt content, quality and effectiveness of their end product. Overall, the general message was that the boom is here, everyone is excited and waiting to see what happens next.

Fast forward a few months, mistakes and extended school closures later, edtech now has a better inkling on what the next billion-dollar business needs to get right. Last week, we got into trends that have promise in a post-pandemic world. Today, we’ll step out of sub-sector specific dialogue and get into the macro-impact of rapid change on edtech as a whole. You’ll get an eagle-eye view of what rapid change, adaptation, and for lack of better phrasing, popularity does for the market.

Today you’ll hear from the following investors:


Source: Tech Crunch

The Station: Summer of the SPAC, Adam Neumann returns and the Nissan Ariya debuts

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox.

Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B.

The dog days of summer are almost upon us. Technically, we won’t enter this period until July 22. In normal times, vacation season would be well underway and the hit song of the summer would be established and a regular guest at every beach party, barbecue and dance club. That’s not exactly what’s going down this summer. However, we do have ourselves a hit financial instrument of the season. The SPAC, or Special Purpose Acquisition Company, is this summer’s “Seniorita.” Everywhere you turn, there it is.

More on the SPACs and other fun stuff below. Vamos!

Reach out and email me anytime at kirsten.korosec@techcrunch.com to share thoughts, criticisms, offer up opinions or tips. You can also send a direct message to me at Twitter — @kirstenkorosec.

Micromobbin’

the station scooter1a

We know that COVID-19 has changed the way we work and move around cities when we do leave our homes. Public transit ridership has dropped in many dense urban areas. And so did shared scooter and bike ridership, although there is evidence that these two modes of transportation are rebounding.

Micromobility company Lime looked at its ridership data the month before the lockdown began  and compared it with the month after. Lime CEO Wayne Ting noted in a blog post this week a few emerging trends. People are riding scooters 34% longer and 18% farther; and they’re using them for recreation and to run errands. Lime also discovered that travel is starting in neighborhoods more often than in pre-COVID times.

And bikes, as we’ve noted here before, are back and more popular than ever. Lime said its e-bike rental service has seen record usage, with users taking longer journeys and the bikes being used more frequently. In London, Lime recorded its highest-ever usage in a single day last month, with over 4,000 new users, the company said.

While the survey by Lime might seem self serving, the data has been compelling enough to change how, and more specifically where, it operates. The company has taken the bikes and scooters out of areas typically dominated by tourists and moved them into neighborhoods. It’s also rolled out new flex passes and is finally bringing some of those Jump bikes back to cities.

In other micromobility news …

In the mopeds arena, TechCrunch’s Catherine Shu examines Taiwan-based WeMo and its plans to expand internationally.

Meanwhile, shared electric moped startup Revel received a permit that will allow it to operate in San Francisco, beginning in August. Revel will start with a fleet of 432 mopeds featuring a new paint scheme and a more powerful engine to help riders get up and over the city’s infamously steep hills.

Over in the bikes world, a new brand has emerged called Superstrata that hopes to standout with its 3D printed carbon fiber unibody that is based on precise measurements of each customer. Superstrata told TechCrunch that this translates into more than 250,000 unique combinations

But Superstrata is not just some new bike startup. It’s a new brand under Arevo, the Bay Area-based additive manufacturing startup. Superstrata is meant to demonstrate Arevo’s push into manufacturing as a service and composite additive manufacturing.

The Silicon Valley Bicycle Coalition will hold its two-day summit virtually next month. Registration is $50. While many of the discussions will have a local focus, these are universal issues that cities around the U.S. and beyond face. Expect discussions on slow streets movement, equity, bikeway designs and safety.

Deal of the week

money the station

Remember way back in January when it looked like direct listings were the going to be the favored method to bringing a company public? Welp, direct listings are out and SPACs are in.

Electric car maker Fisker has become the latest example of this trend. The company, which just raised $50 million from investors, said it reached an agreement to merge with Spartan Energy Acquisition Corp., a special purpose acquisition company sponsored by an affiliate of Apollo Global Management Inc. As a result, Fisker will become a public company with a valuation of $2.9 billion. The transaction is expected to close in the fourth quarter.

Fisker said this will provide the funding it needs to bring its first product, the all-electric Fisker Ocean SUV, to production in late 2022.

The agreement marks the latest company to turn to SPACs in lieu of a traditional IPO process. Online used car marketplace startup Shift Technologies, Velodyne Lidar and Nikola Motor have all gone public by merging with a special-purpose acquisition company.

SPACs are not new, even if you’re learning about them for the first time. Would a SPAC by any other name smell as sweet? Why yes, yes it would. These have been around for decades and have gone by different names, including “blind pools” and “clean shell companies.” These blank-check companies — see another name — is a corporation that has no defined business plan or purpose other than to raise money from public markets to acquire a private company.

Other deals that got our attention this week …

WeWork CEO Adam Neumann Visits Shanghai

Adam Neumann, the controversial co-founder and former CEO of WeWork, is back and investing in the shared economy. This time with a focus on mobility.

Neumann’s family office, 166 2nd Financial Services, invested $10 million into GoTo Global as part of a $19 million Series B round. GoTo Global is a shared mobility company that operates in Israel and Malta and aims to expand into Europe later this year. The company is aiming to cover the entire range of shared vehicles from cars and mopeds to bicycles and electric scooters.

Neumann has a 33% stake in GoTo Global and can appoint one board member on his behalf. Existing shareholder Shagrir Group Vehicle Services, a publicly traded Israeli company, also participated in the round.

Drover, a UK startup that provides access to flexible car subscriptions for private users, raised  £20.5 million ($25.7 million) in a round of funding co-led by Target Global, RTP Global (the Russian company formerly known as ru-Net) and Autotech Ventures. New investors Channel 4 Ventures and Rider Global, as well as previous backers Cherry Ventures, BP Ventures, Partech, Version One and Forward Partners also participated. Drover did not disclose its valuation. The company has raised £27.5 million to date.

Chinese electric automaker Li Auto filed for a $100 million IPO and plans to list on the Nasdaq. (missed this filing last Friday). The company recently raised $550 million.

Navistar and self-driving trucks startup TuSimple deepened their two-year relationship and  announced plans to develop and begin producing autonomous semi trucks by 2024. Navistar also took an undisclosed stake in TuSimple. The plan is to move away from retrofitting the Navistar International commercial trucks that TuSimple currently uses and instead develop semi trucks specifically designed for autonomous operations.

Self-driving trucks startup Plus.ai is in talks to raise $60 million, The Information reported. The fundraising for the company that is based in China and the U.S., is still under negotiation. Hong Kong-based investment and securities firm Guotai Junan International is expected to lead the round that could value Plus.ai between $600 million to $1 billion.

Skydio raised $100 million in a Series C funding round led by Next47. New investors Levitate Capital and NTT DOCOMO Ventures joined the round with existing backers a16z, IVP and Playground. The funding will be used to accelerate product development efforts, expand its go-to-market strategy beyond consumer applications to enterprise and public sector drone technology.

Uber acquired Routematch, an Atlanta-based company that provides software to transit agencies as the ride-hailing company looks to offer more SaaS-related services to cities. Expect more public transit SaaS deals.

Uber did not share terms of the deal. This doesn’t appear to be a minor “acqui-hire,” in which a company is purchased to land a few talented employees. Instead, Uber is making a strategic acquisition for a company that has developed software used by more than 500 transit agencies. The operations of the 170-person company will continue and CEO Pepper Harward will remain.

More Uber news. This time the company is reportedly talking with investors about taking a stake in its Uber Freight division, Bloomberg reported. Discussions are underway to raise $500 million, a round that would give the freight business a standalone valuation of about $4 billion after the deal.

Startup spotlight

The startup spotlight is like a mini version of my “startup editions” newsletter that was sent out earlier this month. I’m not using a scientific method to pick these startups and when I do, it might not even be tied to a particular announcement. Basically, if I see something interesting I will put it here.

Which brings me to Onfleet, a SaaS company that created a platform for last-mile delivery services across a wide array of industries. The software platform handles the logistics of delivery such as route planning, dispatch, real-time tracking, analytics and communications for companies like Imperfect Foods, MedMen and Total Wine & More. As you might suspect, deliveries are hot right now. But that doesn’t mean Onfleet hasn’t had to adjust.

Onfleet UI Full

Image Credits: Onfleet

Co-founder and CEO Khaled Naim and I spoke awhile back about how the company has had to change in response to COVID-19. For instance, the company created a contactless signature feature that it rolled out in early May. Now its corporate customers can include a special URL in the SMS notifications that go out to recipients when a driver gets close to their destination. The user, say a person waiting for that wine or beer delivery, is then prompted to sign for the package on their phone. It has been a critical addition for regulated industries such as alcohol, cannabis and pharmaceuticals, where a signature is legally required, Naim said, noting these are significant segments for the company.

Onfleet has seen deliveries explode since March and is now averaging more than one delivery per second throughout the week, with peaks of more than three deliveries per second, Naim said.

Global delivery volume is up with notable spikes in alcohol, cannabis, grocery, pharmacy, prepared meals, meal kits and restaurants. He added that a handful of sectors like catering, laundry and dry cleaning have been hit pretty hard by COVID-19.

There are new segments emerging as well. For instance, seafood distributors and breweries, which once were delivering to restaurants, have shifted to business-to-consumer operations. Pet food deliveries are also up as local pet stores find new opportunities to generate revenue.

“A lot of our customers have been stretched and are trying to serve an increase in demand, while at the same time struggling with a shortage of drivers,” Naim said.

In response, Onfleet created a delivery driver job board to connect drivers with delivery gigs globally. And as global demand has surged, Onfleet had to add four languages to its driver app, including Italian, German, Dutch, and Arabic. French and Spanish have been available for awhile now.

If you have a mobility startup that has adjusted its business model due to COVID-19 or have some interesting data to share, email me. As always, I never promise coverage but I will take a look. 

Notable reads and other tidbits

More transportation news! Let’s get to it.

Autonomous vehicles

the station autonomous vehicles1

AutoX, autonomous vehicle startup backed by Alibaba, has been granted a permit in California to begin driverless testing on public roads in a limited area in San Jose.

German lawmakers are preparing legislation that could commercialize driverless vehicle technology by next summer. The landmark legislation, if passed, would provide a long overdue framework that would cover both homologation and road traffic requirements for robotaxis in which the computer controls the vehicle at all times, Automotive News Europe reported.

Nuro posted a blog in Medium about food deserts and the role that autonomous delivery bots will play in providing more healthy options to underserved communities. The company calculated how many homes could theoretically be reached within 30 minutes from all major supermarkets with a self-driving delivery vehicle operating at speeds up to 45 mph. Nuro compared that data to the U.S. Department of Agriculture’s (USDA) data on food desert locations. The startup said it could reach 14 million low-income households in food deserts nationwide, or 70% of the total low-income population in food deserts. (Again, this is all theoretical at this point. I noted here to illustrate potential scale and the company’s ambitions.)

SAFE published a report called Fostering Economic Opportunity through Autonomous Vehicle Technology that aimed to better understand the transportation challenges in low-income communities. The study concluded that about two-thirds of Americans live in neighborhoods that are beyond their means because of largely unseen transportation costs. SAFE, of course, sees autonomous vehicles as a way out. The hypothesizes that AV transportation could reduce household costs by as much as $5,600 per household.

Cities

Berkeley is taking police officers out of traffic enforcement and replacing them with unarmed employees of a newly formed Department of Transportation, per Streetsblog.

Silicon Valley cities San Jose, Cupertino and Santa Clara have been mulling a transit system that would connect its growing airport with major employers and other high-profile destinations along the Stevens Creek Boulevard corridor, an area that includes Apple headquarters. The group asked companies to submit proposals for innovative transit modes. A consultant, who hired to evaluate the proposals from companies that included The Boring Company, BYD and Bombardier, has released its findings. San Jose Mercury News has the breakdown of the top proposals, which included personal pod cars, hyperloop and driverless shuttles.

It’s electric

the station electric vehicles1

Dan Brouillette, the U.S. Secretary of Energy, announced $139 million in federal funding for 55 projects that will support advanced vehicle technologies. Six of these innovative projects will be led by teams in Michigan.

BMW struck a long-term deal with Swedish-based Northvolt for $2.3 billion worth of battery cells.  The battery cells will be produced in Europe at the Northvolt factory that is under construction in northern Sweden.

Nissan is moving on from the Leaf. The automaker unveiled the Nissan Ariya, an all-electric SUV with an estimated 300 miles of range and a starting price tag of $40,000 that marks the beginning of a four-year plan aiming for growth and profitability. The Nissan Ariya will first be sold in Japan in mid-2021, before heading to dealerships in the U.S. and Canada later in the year, the company said in digital event in Yokohama, Japan.

Nissan electric Ariya

Image Credits: Nissan

Tesla has secured more than $61 million of tax incentives if it builds a $1.1 billion factory near Austin, Texas. Commissioners in Travis County, home to Austin and the possible next Tesla factory, approved Tuesday property tax breaks worth at least $14.7 million — and potentially more — over 10 years. The incentives are on top of $46.6 million in property tax abatement that the Del Valle School District Board approved earlier this month. 

Elon Musk disputed a German court ruling that bans the company from using on its website or other advertising terms like Autopilot or “full potential for autonomous driving.”

Future Cars!

Automakers are rethinking the interior of vehicles, the WSJ reports.

Ford relaunched Bronco after a 24-year hiatus. There was an abundance of coverage on the Bronco 2, Bronco 4 and Bronco Sport — including my story that looked at how the automaker leaned heavily on nostalgia, customization, functional design and technology.

Ford Bronco

Image credits: Ford

And finally, as autonomous vehicle technology companies continue the slog towards commercially deployed Level 4 trucks and robotaxis, automakers have turned to advanced driver assistance systems. It’s a trend that I first noticed back in late 2018 and into early 2019. Now, it’s at full tilt as automakers race to offer hands-free — but driver engaged — systems. Reuters examines the ramifications and challenges to this pursuit.

See ya’ll next week.


Source: Tech Crunch

Enabling humanoid robot movement with imitation learning and mimicking of animal behaviors

Over the past two decades, humanoid robots have greatly improved their ability to perform functions like grasping objects and using computer vision to detect things since Honda’s release of the ASIMO robot in 2000. Despite these improvements, their ability to walk, jump and perform other complex legged motions as fluidly as humans has continued to be a challenge for roboticists.

In recent years, new advances in robot learning and design are using data and insights from animal behavior to enable legged robots to move in much more human-like ways. 

Researchers from Google and UC Berkeley published work earlier this year that showed a robot learning how to walk by mimicking a dog’s movements using a technique called imitation learning. Separate work showed a robot successfully learning to walk by itself through trial and error using deep reinforcement learning algorithms.

Imitation learning in particular has been used in robotics for various use cases, such as OpenAI’s work in helping a robot grasp objects by imitation, but its use in robot locomotion is new and encouraging. It can enable a robot to take input data generated by an expert performing the actions to be learned, and combine it with deep learning techniques to enable more effective learning of movements. 

Much of the recent work using imitation and broader deep learning techniques has involved small-scale robots, and there will be many challenges to overcome to apply the same capabilities to life-size robots, but these advances open new pathways for innovation in improving robot locomotion. 

The inspiration from animal behaviors has also extended to robot design, with companies such as Agility Robotics and Boston Dynamics incorporating force modeling techniques and integration of full-body sensors to help their robots more closely mimic how animals execute complex movements. 


Source: Tech Crunch

The dual PhD problem of today’s startups

One of the upsides of this job is that you get to see everything going on out there in the startup world. One of the downsides of this job is seeing just how many ideas out there aren’t all that original.

Every week in my inbox, there is another no-code startup. Another fintech play for payments and credit cards and personal finance. Another remote work or online events startup. Another cannabis startup, another cryptocurrency, another analytics tool for some other function in the workplace (janitor productivity as a service!)

It honestly feels at times like we are stuck: it’s the same rehashes of old software, but theoretically “better” (yes it is a note-taking app, but it runs on Kubernetes!). In fact, that feeling of repetitiveness and the glacial pace of true innovation isn’t just in my head or maybe yours: it’s also been identified by scientists and researchers and remains a key area of debate in the economics of innovation field.

Of course, there are a bunch of new horizons out there. Synthetic biology and personalized medicine. Satellites and spacetech. Cryptocurrencies and finance. Autonomous vehicles and urbantech. Open semiconductor platforms and the future of silicon. In fact, there are so many open vistas that it surprises me that every entrepreneur and investor isn’t running to claim these new territories ripe for creativity and ultimately, profit.

It’s a quandary at least until you begin to understand the entrance requirements for these frontier fields.

We’ve gone through the generation of startups you can do as a dropout from high school or college, hacking a social network out of PHP scripts or assembling a computer out of parts at a local homebrew club. We’ve also gone through the startups that required a PhD in electrical engineering, or biology, or any of the other science and engineering fields that are the wellspring for innovation.

Now, we are approaching a new barrier — ideas that require not just extreme depth in one field, but depth in two or sometimes even more fields simultaneously.

Take synethtic biology and the future of pharmaceuticals. There is a popular and now well-funded thesis on crossing machine learning and biology/medicine together to create the next generation of pharma and clinical treatment. The datasets are there, the patients are ready to buy, and the old ways of discovering new candidates to treat diseases look positively ancient against a more deliberate and automated approach afforded by modern algorithms.

Moving the needle even slightly here though requires enormous knowledge of two very hard and disparate fields. AI and bio are domains that get extremely complex extremely fast, and also where researchers and founders quickly reach the frontiers of knowledge. These aren’t “solved” fields by any stretch of the imagination, and it isn’t uncommon to quickly reach a “No one really knows” answer to a question.

It’s what you might call the dual PhD problem of today’s startups. To be clear, this isn’t about credentials — it’s not about the sheepskin at the end of the grad program. It’s about the knowledge represented by that diploma and how you need two whole rounds of it in order to synthesize the next generation of solutions.

Now, before you start yelling, let’s talk about teams. There is a reasonable argument that teams with the right specializations can come together and solve these problems. You don’t need a single founder with experience in bio and AI or cryptography and economics or computer vision and mobility hardware — you just need to bring the right talents together in the room to make innovation happen.

There is certainty truth in that, and indeed, that’s the impetus for many of the companies we are seeing today in these fields.

But that also feels like precisely the block today for pushing innovation even farther forward. Today’s startups have a biologist talking about wet labs on one side and an AI specialist waxing on about GPT-3 on the other, or a cryptography expert negotiating their point of view with a securities attorney. There is constant and serious translation required between these domains, translation that (I would argue mostly) prevents the fusion these fields need in order for new startups to be built.

Perhaps there is no greater and more obvious example of these domain requirements than the response to COVID-19. Epidemiology and public health are quite possibly the two most difficult fields out there in terms of the number of specializations required simultaneously to do them well. You need to know medicine and human physiology to understand the etiology of diseases, have the social science background to understand how humans interact individually and in groups, understand the economic and public policy implications of different prophylactics to comprehend the trade-offs involved, and finally, master the statistical training to read, understand, and build correct data models.

All this, and all at the same time. Is it any wonder that so little consensus emerges when so few people have all the requisite skills in their head?

The reason that teams run into resistance is that each specialist needs to understand the constraints that all the other specialties have, while also having enough nuance to understand what is really a barrier and what is perhaps a rule that can be broken. You can’t have a non-technical PM manage an AI product (“Can’t we just use TensorFlow for that?”) anymore than you can have these companies built by incompatible experts, always trying to explain to the other why an idea isn’t fathomable.

We aren’t used to this sort of cognitive challenge. Software is so democratized today, we forget just how blisteringly difficult almost all other facets of human endeavor are to even start. A middle schooler can build and deploy a web service scalable to millions of people with some lines of code (learned from easily and widely accessible resources on the internet) and some basic cloud infrastructure tools that are designed to onboard new users expeditiously.

Try that with rocketry. Or with pharma. Or with autonomous vehicles. Or any of the interesting new frontiers with green fields that are just sitting there waiting for the taking.

So to propel the progress of the world further, we need to fuse more fields together and compress the requisite knowledge faster and earlier for more people. We can’t wait until 25 years of school is complete and people graduate haggard at 40 before they can take a shot at some of these fascinating intersections. We need to build slipstreams to these lacuna where innovation hasn’t yet reached.

Otherwise, we are going to see the same pattern in the future that we see today: the thirtieth app for X with no barrier to entry whatsoever. That’s not where progress comes.


Source: Tech Crunch

Original Content podcast: ‘The Old Guard’ is extremely dumb fun

Even though we did a lot of arguing about Netflix’s new action movie “The Old Guard,” we’re mostly in agreement: The movie is both reasonably entertaining and astonishingly stupid.

We didn’t take issue with the basic concept, which sees Charlize Theron leading a small group of immortal mercenaries. But the plotting feels arbitrary and lazy (yes, even by the standard of Hollywood action), with lots of clunky, on-the-nose dialogue — all the more disappointing since the screenplay was adapted by acclaimed comics writer Greg Rucka from the graphic novel he created with artist Leandro Fernández.

The debate, then, was whether “The Old Guard” remained delightful despite its dopiness, or whether the film’s virtues — Theron’s charisma and her commitment to the kinetic action scenes — only made it passably entertaining.

In addition to our review, the latest episode of the Original Content podcast also includes discussions of NBCUniversal’s newly-launched streaming service Peacock, Ted Sarandos’ appointment as co-CEO of Netflix, as well as mini-reviews of “Palm Springs” on Hulu and “Greyhound” on Apple TV+.

You can listen to our review in the player below, subscribe using Apple Podcasts or find us in your podcast player of choice. If you like the show, please let us know by leaving a review on Apple. You can also follow us on Twitter or send us feedback directly. (Or suggest shows and movies for us to review!)

If you’d like to skip ahead, here’s how the episode breaks down:
0:00 Intro
0:34 Peacock launch discussion
2:21 Ted Sarandos discussion
13:25 “Palm Springs” mini-review
18:20 “Greyhound” mini-review
26:44 “The Old Guard” trailer
43:01 “The Old Guard” spoiler discussion


Source: Tech Crunch

It’s time to build against pandemics

We’re a few years out from the call to action Bill Gates made in his TED Talk on preparing for pandemics back in 2015, yet the state of scalable software for important workflows like data collection and contact-tracing has greatly lagged expectations during the current pandemic.

The Trump administration’s letter to health agencies regarding data-sharing guidelines asked for daily Excel uploads, and manual contact-tracing efforts without software have proven difficult given the scale of the current pandemic. 

Everything is being built right now. 

Research universities are helping build models used by the CDC for case prediction, and that’s brought to light the dire issues around incomplete data sharing between health institutions and governments. 

Dozens of contact-tracing apps are springing up, surfacing design decisions around privacy, the need for newer technologies beyond Bluetooth for near-field communication and leading companies like Google and Apple to strike partnerships to power cross-platform mobile capabilities.

The good news is that the current efforts are taking seriously the need for better software and driving necessary innovation to help society better prepare for pandemics.

How can detailed case data be shared by hospitals with governments to better predict case and mortality numbers, and used to better allocate medical and labor resources? 

How can software help local and state governments make better policies, and help digitize contact tracing while appeasing privacy concerns?

Software has the ability to power many of these capabilities, and it is creating new opportunities for startups to vet the newly formed appetite for better data and digitized workflows on the part of health agencies, local and state governments and other organizations involved in fighting pandemics.


Source: Tech Crunch

Startups Weekly: The TechCrunch List reveals investors who founders love to work with

Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7am PT). Subscribe here.

We’re pleased to kick off this week’s newsletter by sharing an important new project: The TechCrunch List. It’s a database of investors who have shown a commitment to first checks and leading rounds from seed through growth, based on founder recommendations we’ve received as well as learnings from our own research.

Our goal is to quickly help founders talk to the investors who are serious about writing them checks when they need it most. You can filter by industry vertical, round size and location to find the best people for you. Today you’ll see 391 investors based on more than 1,200 recommendations across 23 main verticals. Since launch on Tuesday, we’ve received another 600 recommendations and counting fast, so we’ll be providing another big update next week.

My colleague Danny Crichton, who leads the project, has written up an FAQ for people who want to know more about the methodology, or how they might submit a recommendation. For Extra Crunch subscribers, he also put together a list of the 11 investors who have had the most positive recommendations, and an explainer about why certain investors earn great ‘founder NPS’ scores.

Now stop reading this for a minute and check it out.

Brad Feld

Image Credits: Dani Padgett / StrictlyVC

Brad Feld on how to influence your odds of success

Connie Loizos caught up with long-time VC Brad Feld of Foundry Group, who has a new book out about startup ecosystems. Some of it is theoretical, as you can read about in the full interview, but Feld connects his points to more tactical advice. Here’s a great example:

TC: Your new book talks about complex systems. How do founders balance the need to manage these complex systems with the fact that controlling these complex systems is sometimes out of their hands?

BF: The first step is getting rid of the notion that you can control the systems, and instead focus on what you can influence [because] in the context of what you can influence, that starts to become a place to focus where you put your energy.

An example of this would be in the current moment. If you have existing investors, and if you have not asked your existing investors directly how much money they have reserved for you for future financings and what you need to do to get that money from them, you’re not focusing on what you can influence.

The worst thing your investor can do is say, ‘I’m not going to tell you that.’ But if your investor is really on your side and wants to see you be successful, it’s likely your investor will say, ‘All right, well, you know . . .’ There might be some wishy-washy [talk] and [dollar] ranges and non-committal language, but you’ll at least have a frame of reference whether that’s zero dollars, a little bit of money, or a lot of money. And you can start to understand, ‘Well, what do we need to do given this moment?’

Edtech goes back to school

Natasha Mascarenhas surveyed eight leading edtech investors for Extra Crunch about the latest changes happening in the space, especially as its importance has grown during the pandemic. “Investors differed on which subcategories benefitted the most,” she writes, “but it’s clear that the pandemic didn’t lift up the entirety of the edtech space. One investor noted that the pandemic made them even less interested in ISAs, while other venture capitalists noted how valuable the financing instrument is now, more than ever before.” She also took a look at a flurry of acquisitions happening globally in the vertical.

(Photo by Pat Greenhouse/The Boston Globe via Getty Images)

A pledge to support international students

The Trump administration backed down from forcing international students to leave the country if their courses went online-only this week, shortly after being sued by some leading universities and 17 state attorneys general. Following the push against most worker visas and other anti-immigration measures, everyone affected expects more problems. To that end, resident TechCrunch immigration legal expert Sophie Alcorn cofounded a new effort to support international students. Here’s more detail:

We proudly announce the Community for Global Innovation (CFGI), a movement centralizing how companies and individuals around the world can stand in solidarity with international students and the belief that everybody deserves a chance to succeed. CFGI is a constellation of top startups, VCs, professionals, nonprofits, international students and grads. We pledge to support international students, create awareness and effect change.

Through the platform, companies take the CFGI Pledge to support international students: ‘If you’re international, no problem. In our team, everybody has a chance.’ We also teamed up with Welcoming America, a leading U.S. nonprofit, accepting donations to make the U.S. more inclusive toward immigrants and all residents. We’re actively seeking the support of volunteers, corporate donors and community members such as international startup founders who know it’s time to share their stories.

An immersive chat future

Podcasting, social audio and virtual reality are combining into a potentially new trend, Lucas Matney writes for Extra Crunch this week. “As audio-centric platforms garner investor interest, virtual reality founders of old are trying to push 3D audio as the next evolution, presenting the tech in a way that looks entirely different from today’s voice chat platforms. Though some of these efforts have been in the works for a while, the fledgling platforms are a lot more interesting, as social efforts like Clubhouse take flight and investors continue to eat up audio startups.” Top early examples so far include High Fidelity and Teooh. 

Around TechCrunch

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Across the week

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From Alex Wilhelm:

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

This week was full of news of all sorts, but as we recorded, both Danny and Natasha “not Tash” Mascarenhas were still locked out of their Twitter accounts after a proletariat revolution on the social platform saw the ruling Blue Checkmark Class forced into silence. That’s not really what happened, but it sounds better than what actually went down at Big Social.

Anyway, Twitter accounts or not, the three of us gathered to parse through a wave of news:

It was a lovely time and there is a bit of show news. Namely that Equity is coming back to YouTube either this week or the next. So if you want to see us talk, soon you will be able to! Again!

Oh, and follow the show on Twitter. If you can, that is.

Equity drops every Monday at 7:00 a.m. PT and Friday at 6:00 a.m. PT, so subscribe to us on Apple PodcastsOvercastSpotify and all the casts.


Source: Tech Crunch

For Seattle’s cop-free protest zone, tech is both a revolutionary asset and disastrous liability

The police killings of George Floyd and Breonna Taylor were sparks that reignited smoldering fury against authorities across the globe. One of the most watched locations has been Seattle, where protestors barricaded off a cop-free zone, drawing outsize attention and, in the process, forming a new case study in the uses of technology both to advance a cause and to drown it in disinformation.

From the actual recording of Floyd’s killing and the protests and riots that followed, to documenting the police’s brutal response and sudden withdrawal, to the establishment of and widespread commentary on an improvised community, technology has played a crucial role throughout. But to center things properly, it is how people are using technology, not the technology itself, that has become more important.

More than ever before, information truly is power, and imbalances in who holds that power have been both reinforced and challenged in the course of events here. It’s heartening to see live streaming and instant distribution of video lead to accountability, but it’s also sickening to see deliberate campaigns to manipulate and subvert reality — and I say reality because it’s what I’ve seen with my own eyes.


As a brief preamble, I should disclose some things.

First, I support the causes being advanced by protestors in Seattle. It would be useless to deny that I have taken sides here — partly because claims of objectivity are little more than a fig leaf for editorial decisions in matters of grave injustice and obvious abuses of power; but my presence at the protests has unavoidably been documented whether I like it or not, so there’s no sense in denying it.

Because second, I live on Capitol Hill, just blocks away from the zone. I’ve been eyewitness to important events, (with a built-in tech angle at that) and it would be irresponsible for me not to use the privilege of this platform to share aspects of them that have been only sporadically covered.

And third, these protests have been organized and led by people of color, and I am a white guy who, comparatively, has only barely taken part. On issues of race, policing, and inclusion I will defer to others better equipped to educate: writers like Ijeoma Oluo (whom we recently interviewed), researchers like Joy Buolamwini, and publications like Blavity.

With that out of the way, this article will focus on three topics: The collection and use of digital media on both sides of police clashes; the use of social media and battle of information versus disinformation in the cop-free zone; and the emergence of live streaming as an indispensable medium for this and future movements.

A matter of perspective

Image Credits: JASON REDMOND/AFP / Getty Images

The initial protests in Seattle in late May, which devolved in some locations into riots involving the despoliation and destruction of police cruisers (somehow left unattended and filled with weapons), are difficult to track because they were full of movement and chaos. But they were thoroughly, if haphazardly, documented by attendees with the presence of mind to record what they were seeing.

It’s telling that there has been little or no attempt at a counter-narrative from Seattle authorities when their officers were repeatedly (and continually as of this writing) filmed employing plainly excessive force against unarmed, often unresisting protestors, or indiscriminately firing tear gas, pepper spray, and flashbangs into crowds. One woman’s heart stopped three times after being struck by a blast ball that appeared to be deliberately aimed at her, while thousands watched.

Where, one wonders, is the exonerating footage from the police side showing the protestors being described as aggressive, or non-compliant, or whatever key words officers use to justify brutality during a melee of their own creation? And yet the police are at a loss. Presented with innumerable examples of bad behavior, the force seems to have decided day after day to stand fast and let it blow over.

But it’s hard to do that when you have something like a video going viral of a child who’s been maced:

This image, which came to represent the Seattle PD’s inhumane treatment of protestors (they stand by wielding batons as the crying kid is treated), was taken by a local named Evan Hreha. It’s hard to erase such a powerful image — so they arrested him.

Hreha was arrested a week later by a dozen officers and booked into jail for, supposedly, pointing a laser at police. It hardly needs to be said that this account strains credibility. For one thing, Hreha says he was running a hot dog stand with friends at the time of the alleged offense. But it is absurd that police would or could identify one person in a crowd at a distance, then investigate and arrest them — for anything, let alone a fleeting non-violent laser use. And it just happens to be the man behind a viral video that makes the cops look bad.

This seems to be plainly a case of retaliation, but the police have made themselves unaccountable by controlling the information available. I contacted the records department to ask for anything related to the investigation and arrest of Hreha (among others), but it will be months before the police will release anything, if indeed they ever do.

Hreha was released two days later with no charges filed. But the chilling effect of intimidating someone who caught police in an act of brutality on camera had been accomplished. The officer who maced the kid, incidentally, has yet to be officially identified or disciplined.

 

This is exemplary of the power imbalance in conflicts of this type: On one side, voluminous documentation from people on the ground that is disorganized and difficult to bring to bear; on the other, documentation that is carefully organized and tightly controlled, allowing the exertion of authority using that control as leverage. Police have also begun the process of repurposing news and protestor footage for their own purposes.

But this story doesn’t always play out the way the cops would prefer.

In the first week of June, protestors were marching up Pine to confront the police for this and other acts, after which they would have, like many similar protests, moved on to rally in Volunteer Park and then gone home, to do it again another day. But police blocked them at 11th and Pine with a barricade and line of police in riot gear.

SEATTLE, WA – JUNE 08: A person holds flowers as demonstrators clash with police near the Seattle Police Departments East Precinct shortly after midnight on June 8, 2020 in Seattle, Washington.

The group did not disperse as ordered, saying they would stay and protest peacefully until the police moved out of the way. Predictably, when curfew came, the police were liberal in their deployment of tear gas and flashbangs, causing serious harm to some protestors and terror across the entire neighborhood. This continued and grew in intensity for several days and nights. (In many cities these clashes are ongoing.)

The justification for using their “less lethal” tools with such gusto was predictable: The crowd was violent, throwing bricks and even improvised explosives at officers. But these claims were repeatedly and firmly dismantled, because these encounters were filmed in high definition from multiple angles, practically from start to finish.

One particularly revealing video was shot by a person on a roof directly over the barriers. It quite clearly shows a peaceful crowd chanting and definitely not throwing rocks and bottles. Anyone can review it and see that there was not only no violence on the part of protestors, but that the flashpoint moment occurred (documented in other videos as well) when a cop tore a now-famous pink umbrella from the grip of a person, who in offering any resistance provided the excuse for the police to retaliate — indiscriminately and utterly disproportionately.

Huge volumes of evidence of police brutality have resulted almost solely from the oft-mocked habit of young people to always have their phone in hand. (We’re not far from the always-recording situation I posited nearly 10 years ago.)

“They picked the wrong generation to pull this shit on,” said TK, a protest organizer I spoke with. “Because governments didn’t create this power — this was created by normal, regular-smegular people just like all of us. The only people that can stop it is the people that created it.”

Rarely have the police released images or footage of their own, and when they do it is often a brutal self-own. They posted images of the aforementioned “improvised explosive” on Twitter shortly after one group assault on protestors, and within seconds people had pointed out it was a prayer candle, probably from a nearby memorial smashed during the melee. The police revised their reference to it as an “incendiary device,” which, while technically true, exposes the type of willful obscuration of the truth that was frequently to be found in the department’s communications.

Following another incident, body cam footage was released to support the narrative that a “violent crowd” had prevented the police from reaching a shooting victim in the protest zone and were therefore culpable in his death. People soon pointed out that timestamps visible in the video show that the cops arrived 20 minutes after the shooting, and after the victim had been taken to the hospital in a private car — because EMTs (for good reason) would not enter the scene before police secured it.

 

When the police chief made claims of rape and violence in the protest zone, it was pointed out that the SPD’s own crime reports system showed no such thing. Then her claim that armed gangs were extorting local businesses was quickly put down as well, by the businesses themselves — embarrassingly, the source of that claim was a totally invented account on a right-wing blog. (Ironically, once the police retook the zone, businesses quickly complained that their presence had forced them to close.)

And of course there are the innumerable videos, here as elsewhere, of extreme force being used on unresisting protestors, frequently with the apparently now requisite knee on the neck. These will hopefully prove useful later as counterbalance to police claims, and while officers still obscure their badges and refuse to identify themselves, the quality of the video makes identifying them by other means trivial.

The digital record has resulted in officers, the department and the chief being caught in lie after lie after lie. These are not misunderstandings or honest mistakes but misrepresentations deliberately crafted to discredit protestors and shield the department. It’s clear that if others were not carefully documenting every encounter, and critically investigating police statements and evidence, the lies would have shortly become the only, and therefore the true, record of what happened.

What I’ve described took place in Seattle, but others have compiled abuses in L.A., New York, Portland, and Chicago — where cops have just been caught in another type of large-scale manipulation of the record.

Now in many cities these departments are facing cuts or total defunding, as much as the result of their failure to successfully falsify the narrative as their more fundamental failures as institutions.

“This generation is not dumb, as much as they want to believe that. ‘You guys are just a bunch of dumb kids.’ Okay, well, this bunch of dumb kids is about to get the city to take half of your budget,” said TK. “So we ain’t that dumb, apparently.”

A last example of the power of social media in the pursuit of problematic police came late in the writing of this piece. After two protestors were struck and one killed on a closed highway after a driver circumvented police barriers, a detective from the King county Sheriff’s office made several brutally offensive posts on Facebook — public ones.

These were spotted by concerned citizens, who took screenshots not just of the content but also the list of people who had liked or commented positively on the posts, looking them up, as well. This proved to be a shrewd tactic, for when the posts began to make waves online, Brown’s entire Facebook page was deleted.

Turns out Detective Brown is not only Governor Jay Inslee’s cousin, but reportedly also the head of county executive Dow Constantine’s security detail and his sometime driver; a 40-year veteran of the force who has been accused of abusive behavior before. Within 48 hours Detective Brown was on leave and being investigated. One hopes that the officers and public officials who publicly endorsed Brown’s behavior will soon be confronted, as well. But how quickly this avenue of recourse would have disappeared had they been tipped off.

Keeping the cops honest is a welcome application of what might be termed citizen forensics, but social media would soon provide a counter-example of technology being deployed to discredit the protestors and mislead millions.

In the Zone

A rally at the cop-free zone on Capitol Hill on June 10.

Believe it or not, the Capitol Hill Autonomous Zone wasn’t anyone’s idea.

The now infamous cop-free area barricaded off by protestors has been profiled frequently and, almost without exception, incompletely and inaccurately, in mainstream news and on social media. It’s an instructive but deeply frustrating example of how, as the old saying goes, “A lie can travel halfway around the world before the truth can get its boots on.”

A very brief origin story is as follows: On June 8, following a particularly violent yet ultimately unsuccessful attempt to purge the area of protestors the previous night, the police abruptly announced they would be leaving the East Precinct building, taking all valuables, weapons, and sensitive documents with them.

Protestors were astonished. They had not asked for this and had no reason to — their demands were about defunding the police, investing in the community, and releasing jailed protestors. Incredibly, even now no one has taken responsibility for ordering the abandonment; the mayor and police chief have both denied doing so. But abandon it, they did.

Protestors immediately continued marching, some continuing to Volunteer Park and others remaining behind, citing the need to protect the precinct from anyone who might want to damage it, for days on end if necessary and at all hours. If you’re skeptical, remember: This is all on video. People learned early on that many people only believe what they have seen, and even then only sometimes.

Since a car had nearly plowed through protestors the previous day and the driver actually shot someone (before being gently taken into custody by police), and hearing reports of right-wing agitators in the area, the protestors redeployed the barriers to make a safe zone at the ends of nearby streets. Someone spray painted “Capitol Hill Autonomous Zone” on one, inadvertently branding the whole movement.

What followed in the CHAZ (later the CHOP) was several days and nights of compelling events, speakers and tributes to lost lives, attended by thousands, including myself.

But what followed online was a nonstop deluge of wild exaggerations, manipulated media, racist vitriol and, of course, innumerable death threats. It would be impossible to list even a fraction of the information online that I could contradict with what I saw with my own eyes, but here are a few examples.

The most glaring one has to be, of course, Fox News photoshopping a gunman into multiple unrelated scenes of destruction and dishonestly using those as evidence of chaos in the zone. This was done so poorly it would be comical if it were not part of a larger, continuing narrative seeking to discredit the protests and zone as an antifa-run separatist state.

One of the images run by Fox News, a combination of one by David Ryder (whose photos for Getty illustrate this piece) with two by Karen Ducey.

The separatist narrative, which persists even today, was invented and amplified by lazy or traffic-hungry outlets and pundits with little evidence besides the tongue-in-cheek name.

There was not always the need to invent controversial imagery (indeed, the gunman Fox used really existed). Video of one person handing out rifles to his crew quickly made the rounds and, combined with the police chief’s irresponsible rumor-mongering, word of a “warlord” emerged.

Without getting into the complex and largely improvisational politics of the zone, this character and his heavily armed presence were generally not approved of. But for the weeks following this event I saw the image, his name and the warlord trope posted thousands of times, coming up every single day.

It’s tempting to say it’s hard to misconstrue a guy distributing assault rifles from the back of his car. But it is testament to the fractured narrative presented online that crucial context was almost always left out or substituted by falsehoods. Not only had a gunman actually shot a protestor after driving his car into the crowd the previous day, but at the very moment of the video, the police were suspected to have been engaged in a disinformation campaign intended to provoke conflict.

Public police scanner frequencies that night (which it was known protestors were monitoring) were full of reports of a group of 20-30 armed “Proud Boys” (a far-right group) moving toward the protest zone. Bike police on scanners said they followed the group for blocks, asked where they were headed (the CHAZ), tried to dissuade them from going there, and eventually reported that they spontaneously dispersed before reaching their destination.

Now, a large group of armed men working their way up from Downtown to Capitol Hill would be a rather conspicuous sight even in those days when record numbers of armed men walked the streets. Yet none of the thousands of protestors and allies spread throughout the city watching for them saw anything matching that description during or after. No communications from known Proud Boys (some of whom would in fact show up later to attack a protestor on video) indicated a presence. More directly, police descriptions of the group crossing certain intersections were contradicted by live traffic cameras showing those intersections, which showed no such thing.

But once again the apparent police intention of provocation via misinformation had been achieved. People at the CHAZ, already justifiably worried about violence, were put on high alert and armed themselves, producing a spectacle that even now persists on social media as a way to paint the entire protest with one brush.

The repeated amplification of individual images had some troubling commonalities, in particular the barely veiled parlance of racism. People in the protest zone and especially Black men, images of whom frequently accompanied these tweets and other posts, were invariably described as “thugs,” “savages,” “animals,” “feral,” and all the rest. Tellingly, those employing this vile lexicon were seldom Seattle or Capitol Hill residents; Twitter is very efficient at importing hate.

Indeed it did not take long for the CHAZ, having achieved the dubious distinction of attracting what is called national interest, to become the target of coordinated interference, harassment and disinformation campaigns by people all over the country. The resulting mess is a concise illustration of the incredible promise and complete inadequacy of online platforms in times like these.

The number of people and groups involved in these protests had made Twitter, with its accessibility and relative permanence, an invaluable tool for the dissemination of important information. While private groups on Signal, WhatsApp and Discord were also used, it was clearly better for things like police positioning, march updates, attacks on protestors and other crucial live communications to make the information as prominent and public as possible.

“There was a lot of momentum being built up, people learning and educating themselves. So this was the chance to finally put everything we’d learned into action.”

TK and her fellow organizer Tatii explained that social media was at the heart of their work, though the end result of taking to the streets was always the ultimate goal.

“Social media is a huge part because without it, we can’t do shit,” Tatii said bluntly. “When it comes to finding the information that we need and finding resources to help Black people, all of that is through technology. That’s how we network with people, that’s how people reach out to us. That’s how we get people telling us about police scanners. There are a lot of group chats, like with our medics, our car brigade, our bike brigade. It’s all through social media.”

“Scouts let us know if like there’s 30 bike cops coming down Broadway. It’s crucial when you are trying to strategically plan around that type of stuff, to keep from being cornered and boxed in,” said TK.

“At least on the Black side of social media, it’s constantly been talked about, Black Lives Matter,” added Tatii. “There was a lot of momentum being built up, people learning and educating themselves. So this was the chance to finally put everything we’d learned into action.”

It’s easy to take Twitter for granted, so we should be sure to give the platform due credit for the fundamental capability it provides. Many I’ve spoken to here emphasized that they trusted what they read from accounts with a verifiable track record more than what they saw in the perennially out-of-date local news. In fact, as Tatii and TK noted, many of their fellow organizers came to Seattle specifically to learn for themselves the truth behind mainstream reports that didn’t pass a gut test.

But the choice to publicly organize via hashtag, for all that it made important information available quickly to as many people as possible, had two major consequences.

First, it fragmented that information almost to the point of usability: One never knew whether it was #seattleprotest or #seattleprotests, #seattleprotestcomms, #seatleprotest (yes), plain old #seattle, #defundSPD, or a handful of others. This was only exacerbated with the creation of the CHAZ, which birthed a dozen new hashtags of varying quality and population. Instagram provided powerful amplification effects but little verification or network building.

Twitter also exposed this stream of important information to eager antagonists across the country, who flooded those hashtags with abuse and misinformation. Posts with images from other or past protests were used to mislead or misrepresent the present ones, and pictures of police around the area from other times were used in an attempt to spook those who had learned to be wary of SPD’s presence. Fake names and events were publicized, fake demands issued and met, and fake accounts claiming to represent protestors or the zone.

This post, though seen by many, was heeded by few.

The ownership of one particular account was hotly contested, and confused by such tantalizing hints as it following Huawei leadership (you can imagine the theories this spawned), and for an “official” statement ending with what appeared to be a few stray pixels from a Biden presidential campaign graphic.

Later, when attempting to provoke a “mission accomplished”-style early exit from the zone after the Mayor cut $20 million from the police budget, the account exhorted its readers to vote for Biden. Needless to say this was not among the commonly agreed-upon demands or positions of the protests. Unless whoever was behind this strange yet prominent account exposes themselves, we may never know if it was a government plant, an agent provocateur or a practical joker, or what their intentions really are.

The enduring, chaotogenic myth that the CHAZ was an attempt to secede and form a socialist, anarchist utopia led to rebranding efforts. The misconception had become so widespread that it was decided to “officially” (as far as that concept existed in the space) change the name to the Capitol Hill Occupied Protest — then, noting the fact that Seattle itself is an “occupation” of native land, change the O to Organized.

This led to a further fragmentation of information channels: No one on the ground wanted to use #CHAZ and its relatives because it was no longer what organizers wanted to call it. But the name had entered the common parlance. So posts now needed to be #CHAZ, #CHOP, #CHOPCHAZ, and others like #CHAZSeattle and so on. It became very difficult to track an event — be it positive, like a march or speaker, or negative, like a fight or shooting — never knowing where to look or how to parse the information there.

It’s hard to overstate how effective the fractured narrative and opposing efforts were at shaping the national and global understanding of events surrounding these protests.

As they say you can never step into the same river twice, so it was on social media around the protest and the zone. The ever-shifting flow of Twitter sometimes produced absolutely vital data unavailable anywhere else, but always polluted with incomplete or premature judgments, ignorance, racism and false reports.

When I asked what digital tools were needed to better organize and avoid interference, protestors I spoke with generally said some sort of centralization and interoperability. Being able to colocate multiple feeds, authors, videos, images and static links in a dynamic, accessible way would save them huge amounts of time and effort. Certainly it would have helped to alleviate some of the problems noted above.

Stream of conscience

“Live streaming and having our phones out every single day is our best form of self defense.”

Despite the shortcomings of social media at large, one digital medium that has proven itself truly indispensable to this protest and others to come is live streaming.

Although the technology has risen to mainstream popularity as a new form of passive entertainment on Twitch and other live platforms, it quickly became clear that it was the technology of choice for documenting these and other protests and social movements.

As TK put it: “People are visual learners; until they see it for themselves they don’t really believe it. And when it’s live, it’s live. You’re not seeing the cut, clipped and edited version. You can’t dispute what you see in raw live footage. You can’t ignore it.”

In Seattle, two people have become familiar faces, or voices, as they have doggedly documented every step of the protests this way, from before the CHOP to well after: Omari Salisbury and Joey Wieser.

Image Credits: Jake Gravbot

Salisbury runs Converge Media, an independent web-distributed news organization. He comes from a broadcast and networking background, and when the CHOP emerged literally outside his doorstep — the studio door opened onto the police line before officers left — he took the opportunity to share the story, as objectively as possible. To him, the only tool that fit the bill was live streaming.

“The viewer needs to be able to see the context, because if the viewer can’t see the context, then it becomes something else,” he said. “People appreciate us because the stream is long, we keep the camera there and we let people make their own decisions.”

He was there not just for the controversial or terrifying moments, like clashes between provocateurs and protestors, or the shootings that occurred later on, but for the huge number of peaceful hours when people would share their own experiences at Salisbury’s prompting. The result is an incredibly valuable archive of hundreds of hours of live footage, ground truth from inside the zone that has been watched by millions.

Joey Wieser has no media background, but rather just a passing familiarity with the systems and social media methods that can grab people’s attention. Yet his stream came to be relied on by many, and the events he captured also racked up millions of views, simply because he decided to take advantage of the tools at his disposal.

“Live streaming and having our phones out every single day is our best form of self defense. Every day that I walk out my doorstep, I hold my phone as if it is my ultimate shield, my ultimate weapon,” he said. “Without it, I feel like I don’t have a role in this movement. It’s not like I’m some prolific live streamer, or that I know what Black communities need best. I’m just some white guy and I happen to work in tech. Having an understanding of what social media best practices look like, understanding analytics and social amplification — that combined with my community activism allowed me to come out here and do this.”

For Wieser, having the right connections or network was less important than being in the right place at the right time, even if it put him in danger. (He and Omari were both tear gassed multiple times and near shootings and other altercations.)

“I think it really puts the viewer at home in the driver’s seat,” he said. “Because they’re able to not only watch an uninterrupted stream, but to engage and have a real live conversation with somebody that’s there on the ground. You know, they can say, hey, turn to the left. What was that? It’s a participatory experience in a way watching the news doesn’t allow.”

One such incident I saw play out almost defies belief. Wieser was streaming the protest when a truck blasted through, nearly hitting several people. Minutes later, a person watching the stream was surprised when that very truck pulled up outside their apartment — it was their DoorDash driver, who announced proudly that they had just run down some protestors. (The driver’s plates and info were quickly sent through the proper channels.)

Being a two-way medium, it provides new opportunities for interference as well as engagement. Both Salisbury and Wieser experienced repeated attempts to pollute their comment sections or attack them personally.

“It’s not lost on me that this amplification can be used against us, but I think one of the important things about live streaming is that you can inject your own narrative, rather than let it be to the whim of, you know, Fox News or Sinclair,” said Wieser. “Regardless of whether or not the trolls take it over in the comment sections or in the hashtags, if you’re actually listening to the content, and if you’ve got someone out here who has the right heart and the right passion and the right analysis, you can reclaim that narrative.”

“The citizen journalist has always existed. They just never had the tools to be on equal footing with national news.”

Salisbury, for his part, expressed that it is not always sufficient to simply document — one has to report, and that’s what he does.

“People rock with me because just turning on the camera and streaming, it’s not enough. Knowing the history of Seattle, the history of the neighborhood, understanding political positions… and you got to put paint where it ain’t, you know what I’m saying? The citizen journalist has always existed. They just never had the tools to be on equal footing with national news,” he said.

“People underestimate the tech that’s out there, especially the free stuff,” he continued. “I know people have their views about platforms and privacy. And I think that’s a different discussion. But I will say that what’s going on here allows for citizen journalists to touch the world. I used to build OTT and streaming platforms in Europe and across Africa. So understanding the actual technology that goes into this, man, I really don’t take no stream for granted. I’ve got people in Australia who’ve been on since day one. What if I had to cultivate that through my own contacts, do my own server, do my own everything? How would I reach them? It doesn’t work that way.”

He credits live streaming with putting pressure on local and national outlets to up their game, as well — being showed up by one person with a phone doesn’t look good for a major news organization.

“Citizen journalists and streamers came out here and forced the local media to change their whole game,” he said. “I mean, a guy with a cell phone didn’t get no respect back in the day. But I had my interviews with the mayor before anybody, my interviews with Chief Best before anybody. You see what I’m saying? I’m just a guy with a phone. Now the Seattle Times has a streamer out here. This situation has made the media adapt new technology.”

While live broadcasts have been part of local and national news for decades, it was in truth a totally different medium. But it’s now difficult to imagine coverage of events like these without modern live streaming, and legacy media have begun to recognize that.


Technology has always been a double-edged sword. The events in Seattle and across the country have illustrated this powerfully, and it seems unarguable that whatever happens in terms of policy and politics, the nature of protesting and the power dynamic that has defined it for decades has begun to change.

Ultimately, though, the power does not belong to the tech, but to the people.

“Technology plays a big part in all this, but I’m gonna be real with you, what you need is more old fashioned beating your feet to the streets,” concluded TK. “It’s not that the technology is insufficient, but that people are choosing not to use technology to understand.

“We’ve proven it time and time again that the only ones that really got our back is us.”


Source: Tech Crunch

The Exchange: Which VCs are the most popular, why enterprise startups are hot, and how patient are public investors?

Welcome to The Exchange, an upcoming weekly newsletter featuring TechCrunch and Extra Crunch reporting on startups, money and markets. You can sign up for it here to receive it regularly when it launches on July 25th, and catch up on prior editions of the column and newsletter here

It’s Saturday, July 18, and this is The Exchange. Today we’re wrapping our look at second-quarter VC, capping off the recent IPOs of some venture-backed startups, and digging into the hottest VCs while peeking at a new startup trend.

Venture capital activity by the numbers

As July rubs along we’re getting deeper into the third quarter of 2020, meaning it’s time to close the books on Q2. To that end The Exchange combed through all the second-quarter VC data that we could this week.

But, despite working to grasp the health of the global venture scene, the United States’ own venture capital totals, and diving more deeply into AI/ML startups and how women-founded startups fundraised in Q2, there’s still more data to sift.

Keeping brief as we are a bit charted-out, New York City-based venture capital group Work-Bench released a grip of numbers detailing the city’s enterprise-focused startups’ Q2 VC results. Given that Work-Bench invests in enterprise tech, the data’s focus was not a surprise.

The numbers, per the firm, look like this:

  • NYC enterprise tech startups raised 51 rounds in Q2 worth $1.5 billion, above Q1 totals of 44 deals worth $1.3 billion
  • Those quarterly results were the best recorded, according to a Work-Bench historical analysis of enterprise tech deals since at least the start of 2014
  •  Q1 and Q2 2020 were so active in the sector and city that the first half of this year saw nearly as many deals and dollars ($2.7 billion in 95 total deals) than the same cohort and metropolis managed in all of 2019 ($3.3 billion in 114 total deals).

The data is not surprising. B2B startups are raking in a larger share of venture capital rounds as time goes along, so to see NYC’s own enterprise-focused startups doing well is not shocking. (And if you add in the recent $225 million UIPath round, the Big Apple’s enterprise startups are even closer to their 2019 venture dollar benchmark, though the UIPath deal came in Q3.)

One last bit of data and we are done. Fenwick & West, a law firm that works with startups, released a report this week concerning Silicon Valley’s own May VC results. Two data points in particular from the digest stood out. Chew on these (emphasis TechCrunch):

The percentage of up-rounds declined modestly from 71% in April to 67% in May, but continued [to be] noticeably lower than the 83% up-rounds on average in 2019. […] The average share price increase of May financings weakened noticeably, declining from 63% in April to 43% in May. The results for both April and May were significantly below the 2019 average increase of 93%.

The Q2 data mix then shakes out to be better than I would have expected with plenty of highlights. But if you look, it isn’t hard to find weaker points, either. We are, after all, in the midst of a pandemic.

Going public in a pandemic

nCino and GoHealth went public this week. TechCrunch got on the blower afterwards with nCino CEO Pierre Naudé and GoHealth CEO Clint Jones. By now you’ve seen the pricing pieces and notes on their companies’ early performance, so let’s instead talk about why they chose to pursue traditional IPOs.

Our goal was to understand why CEOs are going public through initial public offerings when some players in the venture space have soured on traditional IPOs. Here’s what we gleaned from the leaders of the week’s new offerings:

nCino: Naudé didn’t want to dig into nCino’s IPO process, but did note that he read TechCrunch’s coverage of his company’s IPO march. The CEO said that his firm was going to have an all-hands this Friday, and then get back to work. Naudé also said that becoming a public company could help the nCino brand by helping others understand the company’s financial stability. The company’s larger-than-expected IPO haul (one point for the old-fashion public offering, we suppose) could provide it with more options, we learned, including possibly upping its sales and marketing spend.

  • The Exchange’s take: It’s very hard to get a CEO to say on the record that a different approach to the public markets than the one they took was enticing. Nothing that Naudé was off-script for a newly public company.

GoHealth: Jones told TechCrunch that GoHealth’s IPO was oversubscribed, implying good pre-IPO demand. When it came to pricing, GoHealth worked through a number of scenarios according to the CEO, who didn’t have anything negative to share about how his company finally set its IPO valuation. He did bring up the importance of collecting long-term investors.

  • The Exchange’s take: GoHealth shares dipped after the company went public, so its offering won’t engender the usual complaints about mispricing. nCino, in contrast, shot higher, making it a better poster child for the direct-listing fans out there.

The method by which a company goes public is only a piece of the public-markets saga that companies spin. Once public, either through a direct listing or SPAC-led reverse-IPO, all companies become lashed to the quarterly reporting cycle. Even more common than complaints about the IPO process among Silicon Valley is the refrain that public investors are too short-term-focused to let really innovative companies do well once they stop being private.

Is that true? TechCrunch spoke with Medallia CEO Leslie Stretch this week to get notes on the current level of patience that public investors have for growing tech companies; are public markets as impatient as some claim? 

According to Stretch, there can be enough space in the public markets for tech shops to maneuver. At least that was his take a year after Medallia’s own 2019 IPO (transcript edited by TechCrunch for clarity; additions denoted by brackets):

[Our] partnership with public investors has been phenomenal. They really test you, you know? They really test your proposition, [and] they test your operational resilience in a way that just makes you better. And they give you feedback. Our philosophy is feedback always makes you better.

What people want to do is they want to crest the really big growth rate [that] is unassailable, it can’t be challenged. And then you come out in public, and it’s a no brainer. And some companies managed to do that. But of the [thousands of Series] A rounds that took place in early 2000s, you know, only 75 companies made it public. Right? We’re one of them.

I’m not fearful. I don’t think people should be fearful of [going public]. They should partner with public investors. The stock price, and the quarter-to-quarter, will be what it will be. Don’t worry about that. It’s what are you building for the long term, and make sure you have enough cash, of course, to meet your ambitions. [But] also a bit of fiscal discipline actually makes your products better, because you think how about how you invest, and harder about your priorities. That’s my view on [the] public piece.

Who wants to bet that unicorns keep putting off their IPOs anyways?

Odds & Ends: Popular VCs, extensions, and more

Let’s wrap with some fun stuff, kicking off with the TechCrunch List, a dataset that set out to figure out which VCs were the most likely to cut first checks. I’ve already used it to help put together an investor survey (stay tuned). It’s in front of the Extra Crunch paywall, so give it a whirl.

If you are part of Extra Crunch, Danny also pulled out an even more exclusive list that we built off the back of thousands of founder comments.

And I have two trends for you to think on. First, a wave of startups are trying to make our new, video-chatting based world a better place to be. It will be super interesting to see how much space is left in the market by the incumbent players currently battling for market leadership.

Second, some startups are raising extension rounds not only because they need defensive capital, but because they’ve caught a tailwind in the COVID era and want to go even faster. So, from a somewhat safe move, some extension rounds these days are more weapons than shields.

And that’s all we have. Say hi on Twitter if there’s something you want The Exchange to explore. Chat soon!


Source: Tech Crunch

This Week in Apps: US tops China on downloads, EU regulates app stores, Instagram takes on TikTok

Welcome back to This Week in Apps, the TechCrunch series* that recaps the latest OS news, the applications they support and the money that flows through it all.

The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using apps, rivaling TV. Apps aren’t just a way to pass idle hours — they’re a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus.

In this series, we help you keep up with the latest news from the world of apps, delivered on a weekly basis.

This week, we’re looking at the political intersections between the app stores and international relations, with news of app censorship in Hong Kong and the potential for a TikTok ban in the U.S. and how rivals are preparing their alternatives. There’s other big news around regulations and lawsuits hitting this week, including one over Firebase-powered app tracking and another that changes how app marketplaces have to operate in the EU. For a bit of fun, we’re also taking a look at some of the new emoji shipping in iOS and Android later this year.

* This Week in Apps was previously available only to Extra Crunch subscribers. Starting this week, we’re making these reports available to all TechCrunch readers.  

Headlines

Over 2,500 games removed from China’s App Store in early July

Image Credits: Sensor Tower

More than 2,500 mobile games have been removed from China’s App Store during the first week of July, according to a new report from app store intelligence firm Sensor Tower. The removals were expected due to a planned crackdown on unlicensed games, but this data is the first to demonstrate the impact on the app economy. For comparison, the July figure is four times the number of games that were delisted during the first week of April, five times higher than the first week of May and more than four times higher than the first week of June. Combined, the removed games generated $34.7 million in lifetime gross revenue, with one game accounting for more than $10 million and six that earned more than $1 million. More details are on TechCrunch here.

Longer-term, the fallout from the crackdown may show up in Apple’s bottom line as China has been the most lucrative mobile games market in the world. In 2019, games on China’s App Store generated an estimated $12.6 billion, or 33.2% of all global games spending on the Apple App Store.

Snap launches a developer program for app makers 

Snap this week debuted a 13-week remote program, Yellow Collabs, focused on helping developers create deeper Snap Kit integrations. The company wants more developers to integrate its technology into their own apps. Through the new program, companies can choose to work with Snap to integrate the full Snap Kit platform, or they can narrow in on verticals like Snap Minis, Dynamic Lenses, Scan or Snap ML features. The program will run September 21-December 18 this year. Snap had earlier tried to get its technology in front of smaller startups by way of its Yellow accelerator. But this program hadn’t required integrations. The new effort puts a more direct focus on finding developers who want to build in partnership with Snap.

Microsoft xCloud to launch in September with 100+ titles  

Image Credits: Microsoft

Microsoft’s xCloud — a cross-platform game streaming service and a competitor to Google’s Stadia — is arriving in September. The company this week announced a round of updates for the new service, which allows Xbox users to play their games on mobile devices or even move between consoles and mobile as they continue a game. The blog post says xCloud will first be offered to Xbox Game Pass Ultimate subscribers, a $15/mo service, and will include more than 100 Game Pass titles at launch. Over time, the service will become more broadly available.

The growing trend of moving between devices to play favorite games has already led to mobile hits like Fortnite, Minecraft, Roblox and others. For game developers, this trend matters to the bottom line, as mobile gaming’s lead over consoles and PC has been growing in recent years.

Data from App Annie and IDC indicates that mobile gaming first overtook both home game consoles and PC and Mac gaming for consumer spend in 2014. But in 2020, mobile is extending its lead to more than 2.8x over desktop gaming and 3.1x more than home game consoles. In other words, console makers have to figure out how to bring the mobile market into the fold because that’s where consumers are spending the majority of their money.

Image Credits: App Annie/IDCApple updates coding technology to replace non-inclusive language 

Apple on Thursday announced it’s now working to remove and replace non-inclusive language across their developer ecosystem, including within Xcode, platform APIs, documentation and open source projects. The changes began on June 22 with its beta software, including iOS 14, and related developer documentation. For example, it will now replace words like “whitelist” and “blacklist” with “allow list” and “deny list.” The word “main” will take the place of “master” in the default SCM branch in Xcode 12. The word “Black,” when referring to ethnicity or cultural identity, will now be capitalized. These and other changes are available in Apple’s updated Style Guide.

New regulations in EU limit Apple’s and Google’s power over apps

On July 12, a new EU regulation came into effect that creates more rules around why and when apps are removed from their marketplaces, and more. The platforms will now have to provide 30 days notice to publishers before removing apps and terminating services, allowing developers the time to appeal or make changes to their software to come into compliance with the violation or violations in question. That means the platforms won’t be able to just ban apps and pull them down with no warning or explanation — unless the app involves illicit or inappropriate content, safety concerns, counterfeiting, fraud, malware, spam or it has suffered a data breach, MacRumors reported.

The platforms also have to provide more insight into rankings and explain how “trending” apps are chosen, disclose any differentiated treatment between sellers (like better deals that large publishers receive) and share information about their rules and terms in “plain and intelligible language.” Platforms will also have to offer third-party mediation for disputes that can’t be resolved through an app review process.

The regulations apply to platform owners who cater to businesses that sell products through their marketplaces. Apple and Google are large examples of this, but the rules could also apply to Amazon and Valve, notes Macworld.

The regulation goes into effect as both Apple and Google are under scrutiny in the U.S. for anti-competitive behavior. Apple, in particular, has been increasingly held accountable for the way it wields power over its App Store where it takes commissions on businesses — including those it competes with — and forces developers to offer Apple’s own in-app purchase system, when the developers have something to sell.

Microsoft and Google team up on PWAs 

Image Credits: PWABuilder

Microsoft’s PWABuilder, an open-source developer tool for building PWAs and Google’s Bubblewrap, a command line and utility for generating Play Store packages from PWAs announced this week they’re working together to help developers publish PWAs in the Google Play Store. Now, PWAs packaged for Google Play via PWABuilder will support the new web shortcuts standard. In addition, PWABuilder now supports the full range of trusted web activity options to make apps better on Android devices. From the PWABuilder, developers can customize the appearance of the Android status bar and nav bar in a PWA, customize the Android splash screen, change their launcher name, use an existing signing key, utilize deeper push notification support, configure their package’s ID and versioning, fallback behavior and more.

Google launches new Kotlin Basics course

Apple isn’t the only one rolling out free educational training for would-be mobile developers. This week, Google announced the launch of Android Basics in Kotlin, a new online course for people without programming experience to learn how to build Android apps. Today, 60% of professional Android developers use Kotlin, and Kotlin powers 70% of Google Play’s top 1,000 apps. The course complements Google’s existing Android Basics curriculum, launched in 2016, which aims to teach programming to non-developers.

U.S. beat China on App Store downloads for first time since 2014, due to coronavirus impacts

Image Credits: Sensor Tower

The U.S. App Store’s downloads surpassed China’s downloads for the first time since 2014. According to data from Sensor Tower’s Q2 2020 report, the U.S. App Store saw 27.4% year-over-year growth in the quarter, compared to the 2.1% growth for the China App Store. During the quarter, the U.S. App Store generated 2.22 billion new installs compared with China’s 2.06 billion downloads, to regain the top position. This then translated to the U.S. beating China on App Store consumer spend, as well.

The shift was attributed to the surge in downloads for mobile apps that came as U.S. consumers were forced to stay home under shelter-in-place orders. Leading the downloads were education and business apps, as mobile users and their families had to shift to remote work and online learning. More details are here on TechCrunch.

U.S. Federal court rules Facebook can sue mobile surveillance software makers 

A federal court ruled this week that WhatsApp and its parent, Facebook, could proceed with a lawsuit against Israeli mobile surveillance software company NSO Group. Facebook last October had filed a complaint alleging that NSO Group exploited an audio-calling vulnerability in WhatsApp to send malware to about 1,400 mobile devices, which then extracted messages, browser history and contacts from phones. NSO Group argues it has previously been granted immunity from U.S. lawsuits about its dealings with foreign governments, which uses its technology to fight terrorism, under the Foreign Sovereign Immunity Act (FSIA).

Messenger adds Screen-Sharing feature

Image Credits: Facebook

Facebook Messenger may be better known for casual conversations among friends and family, but its latest feature borrows from more professional business communication apps. The mobile messenger this week introduced screen-sharing on iOS and Android — meaning you no longer need a desktop or web app to share your screen. Instead, in a video call, you can use screen-sharing to do things like scroll through your photos, use social media apps together (like Instagram, of course) or go online shopping (which you can also do in Instagram — see below).  Screen-sharing will also now support up to 16 users in Messenger Rooms on web and desktop, as well.

Instagram launches new Shop, nears U.S. launch of Reels

Image Credits: Instagram

Instagram is making some changes. The company had already begun testing swapping the Activity tab for a Shopping icon. Now, it’s rolling out its newly redesigned Instagram Shop, too. The Instagram Shop is described as a place to browse products from favorite brands and creators, as well as curated collections published by the Instagram-run @shop account. Users can also now check out directly with Facebook Pay on their purchases.

In addition, Instagram confirmed on Thursday it will bring its TikTok rival, Reels, to the U.S. next month.

The company expects to bring the new video feature — which is designed specifically for short-form, creative content — to its platform in early August, a spokesperson said. The U.S. launch comes shortly after Reels’ arrival in India this month, following a ban of TikTok in that market. Reels has also been tested in Brazil, France and Germany. The U.S. won’t be the only country to see Reels’ arrival, but Instagram didn’t say which other markets are on the list.

Image Credits: Instagram

The move to more quickly roll out Reels to more markets comes as TikTok has come under intense scrutiny for its ties to China. India banned the app, along with 58 other mobile applications designed by Chinese firms, in June. The Trump administration more recently said it was considering a similar ban on TikTok, for reasons related to national security. This week, it said such a decision could be just weeks away.

Meanwhile, Rep. Stephen Lynch, chairman of the subcommittee on national security, sought assurances from both Apple and Google this week that they would warn users about applications that are developed, operated or owned by foreign entities and could pose privacy risks to Americans.

Instagram has a real chance at scooping up millions of users around the world if TikTok is removed in more markets outside of India. Already, India’s Roposo, a TikTok rival, says it has seen as many as 500,000 new users joining its app every hour since the ban, and expects to have 100 million by month’s end. Meanwhile in the U.S., Snapchat is testing out a more TikTok-like way to scroll videos.

Apple accused of censorship over Hong Kong pro-democracy app 

Apple is accused of denying an App Store release to a pro-democracy app PopVote, a voting platform designed by protest organizers, which also works on Android. While Google Play quickly approved the release, Apple rejected the app for issues with the code. The issues were fixed and the app was resubmitted, but never approved. Developers were unable to reach anyone at Apple about the delay, either.

Hong Kong is still fighting back against the draconian national security law imposed last month by Beijing. Over the past weekend, more than 600,000 voted in the opposition’s primaries, according to Quartz, which broke news of the censored app. The unofficial election had served as a protest against the new law. Local officials had warned that the democratic polls could be illegal, which is why PopVote believes it has been censored and not merely delayed.

Google sued for tracking users in apps via Firebase

Google is being sued for tracking user activity through hundreds of thousands of apps, even after users opted out of information sharing. The suit specifically complains that Google tracks users’ app activity through the Firebase SDK, which can log “the user’s interactions with the app, including viewing content, creating new content, or sharing content.”

App Annie launches ad analytics 

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Image Credits: App Annie

App Annie is building on last year’s acquisition of analytics company Libring with this week’s launch of a new version of Libring, TechCrunch reported this week. The new product is rebranded as App Annie Ascend and aims to reach a different market, including game publishers and others on the supply side of the ad industry, for example. The launch arrives just as Apple introduced a new way for users to limit ad tracking, which opens up a market for third-party providers of this data. Ascend uses hundreds of connectors to pull data from platforms like AdColony, Unity and Chartboost, allowing customers to see these data sets “side by side.” Reddit and Jam City are among Ascend’s early adopters.

Nextdoor makes it easier to donate to local nonprofits

Neighborhood social networking app Nextdoor has made it easier to donate to local nonprofits with the launch of its new “Sell for Good” feature. The option allows users to sell items on the platform, for example on the For Sale and Free section, then donate the proceeds. The option gives community members other ways to raise funds and saves them a trip to Goodwill, too.

New emoji are on the way

Image Credits: Google

New emoji are arriving on iOS and Android in 2020. For World Emoji Day on Friday, Apple and Google showed off how their respective platforms have designed the new characters. Emojipedia has a first look at Apple’s new emoji, like the ninja, boomerang, piñata and bubble tea, among others. Tim Cook also tweeted a video of the new Memoji. Google shared its plan to bring 117 new emoji to Android 11 this fall, as well as an update to its Gboard app that makes it easier to pick an emoji.

Funding and M&A

  • Istanbul and Berlin-based startup Meditopia, which has become a top meditation app in non-English speaking markets, raised $15 million in Series A funding co-led by Creandum and Highland Europe.
  • Lo-fi, text-based social app for queer women, Lex, raised $1.5 million from in seed funding from Corigin Ventures, X-Factor Ventures, Tusk Ventures and various angels. The app offers text-based personal ads as an alternative to mainstream dating apps.
  • Google invests $4.5 billion in India’s Reliance Jio Platforms, India’s largest telco, in order to develop a low-cost smartphone to bring new mobile users online. The phone will run a modified version of Android OS and the Play Store. The deal is unusual for the fact that Google and Facebook have invested in the same business. Facebook is the largest minority stakeholder, with a 9.99% share.
  • Robinhood raised $320 million more for its stock trading app, bringing its latest round to $600 million. The app is now valued at $8.6 billion.
  • SiriusXM bought podcast app Stitcher from E.W. Scripps in a deal worth up to $325 million. SiriusXM previously acquired Pandora for $3 billion.

Downloads

Mozilla’s VPN for Android

Image Credits: Mozilla

Mozilla’s new VPN app has launched on both Windows and Android this week, after having previously run a pilot program to test the software. The cross-platform app has since been rebranded as Mozilla VPN and is available for $4.99/mo in the U.S., Canada, the U.K., Singapore, Malaysia and New Zealand, to start. iOS, Mac and Linux aren’t yet available, but the latter two are in development. The iOS app was included in the pilot but didn’t launch. Unlike many VPN apps, Mozilla’s generates revenue only through its subscriptions — not selling user data, it claims. However, because of its requirement to signup with a Firefox account, users will have to share their email, location and IP address with the service.

Brief

Image Credits: Brief

Founded by former Google engineers, Brief is a newly launched news app that aggregates and summarizes the news in hopes of tackling a number of problems with today’s news cycle, including information overload, burnout, media bias and algorithms that prioritize engagement over news accuracy. The app uses a format that involves short summaries, timelines and key quotes to balance reporting from both sides, while keeping the information flow minimal and the data un-personalized so as not to cater to the reader’s bias.

Tweet of the Week:


Source: Tech Crunch