Year: 2019

02 Jan 2019

Behold Ultima Thule, the most distant object ever explored by a spacecraft

The New Horizons probe has just sent back its first real shots of Ultima Thule, a 21-mile-long rock or planetesimal deep in the reaches of the solar system — and now the most distant object ever visited up close by mankind. The principal investigator of the mission, Alan Stern, called the accomplishment “a technical success beyond anything ever attempted before in spaceflight.”

Ultima Thule is, as early occultation studies suggested with remarkable success, what’s called a contact binary object, composed of two individual objects fused together likely through impact billions of years ago — and it’s the first ever photographed up close. This is like candy for planet scientists: learning about the creation and characteristics of this interesting type of object is a chance decades — nay, centuries — in expectation.

“We think what we’re looking at is perhaps the most primitive object that has yet been seen by any spacecraft, and may represent a class of objects that are the oldest and most primitive objects that can be seen anywhere in the solar system,” said NASA Ames’s Jeff Moore, geology and geophysics lead on New Horizons.

This slide in NASA’s presentation shows how Ultima Thule is speculated to have formed.

It’s formed of two lobes, the larger and smaller of which are named Ultima and Thule respectively, which likely accreted individually in the earliest days of the solar system, then entered each other’s influence and eventually encountered one another, fusing.

But Ultima Thule was chosen as the next target just before New Horizons buzzed Pluto not because it’s particularly interesting in itself, but because every object out there is interesting — we’ve never been up close to one! Instead, this particular rock, called MU69 when it was first identified by the Hubble during a frantic two-week search, happened to be something that the probe could swing by with minimal fuel expenditure.

“As the principal investigator I’ll say I’m surprised that, more or less picking one Kuiper Belt object out of the hat, we were able to get such a winner as this, that’s going to revolutionize our knowledge of planetary science,” Stern said.

Once it was decided — though at the time, the team had no idea how compelling MU69 would turn out to be — New Horizons altered its course to come within a few thousand miles of the object, close enough to get detailed imagery.

Until today we’ve only had pictures taken from very far away with the probe’s Long Distance Reconnaissance Imager, or LORRI, which produced tiny monochrome shots a few pixels across:

Great for mission control, but not for the front page. But remember that the probe was perhaps half a million miles away when it took the above images (on December 31), plus it was traveling at a relative speed of about 32,000 miles per hour. And of course there’s no good Wi-Fi out in the Kuiper belt — the data has to be painstakingly relayed back through the Deep Space Network.

The image at above was taken while the probe was much closer — about 50,000 kilometers. LORRI still produces the best details, but at that range the team can bring Ralph into play, which added the color you see.

Ralph is a set of multispectral imagers covering a variety of wavelengths and resolutions. These more-detailed images necessarily require more data to be sent home, and often need to be interpreted or tweaked by the science team in order to create a reasonable representation of what a human might see if we happened to be rolling past Ultima Thule.

The object is “about as reflective as garden variety dirt,” and of a reddish tint the team thinks may be the result of exposed volatile substances. There’s tons of variation and terrain on the surface, which we’ll get much better imagery of in time. These are just the initial shots, and New Horizons will be sending its data back for more than a year.

It was enough, however, to make some rather potato-like rough models of the object:

These shots are “just the tip of the iceberg,” Stern said. “We have far less than one percent of the data.”

“The current best picture that we have I believe has 20,000 or 28,000 pixels on the target, which way beats the six pixels we showed you last time,” he continued. “But ultimately if everything worked just right… the highest resolution image set that we took, it’ll have 35 meter resolution — it’ll ultimately be a megapixel image. It’s just going to get better and better.”

The team will continue to receive and collate data and will surely hold more press conferences as they learn more, and even more detailed imagery arrives.

The New Horizons probe itself — still hurtling outwards at 32,000 MPH — could continue to operate for another 15 or 20 years, and has fuel to change its course to perhaps find another target, but that’s all a matter of speculation for now. Stay tuned over the next year, the team suggested, but for now they’re focused on the data from Ultima Thule.

02 Jan 2019

Report: Mary Meeker targets $1.25B for debut fund, called Bond

In what is clearly a missed opportunity to name her venture capital fund Money Meeker, famed venture capitalist and author of the annual Internet Trends Report Mary Meeker has informed limited partners that her firm will be called Bond, according to a report from Axios’ Dan Primack.

Meeker intends to raise $1.25 billion for Bond’s debut growth fund on a $1.5 billion hard cap. Meeker will have no trouble pooling capital, given her success at Kleiner Perkins, where she was a partner for eight years, backing companies such as Airbnb, Houzz, Slack and Peloton. In September, Kleiner Perkins confirmed it was spinning out its growth team to become an independent firm, with Meeker at the helm. Kleiner Perkins general partners Mood Rowghani and Noah Knauf joined Meeker in the new effort, as well as Juliet de Baubigny, a partner focused on team building.

“The environment for venture has evolved — with larger checks being written for seed and A rounds and more support from partners required to build companies — demanding a high degree of specialization and extreme focus to excel,” a spokesperson for Kleiner Perkins said in a statement provided to TechCrunch in September. “The changes in both areas have led to less overlap between venture and growth and creating two separate firms with different people and operations now makes sense.”

We’ve reached out to Meeker for comment.

Meeker joined Kleiner Perkins in 2010 after two decades as a managing director at Morgan Stanley. A well-established Wall Street tech analyst, she quickly rose in the Silicon Valley ranks and became one of few women to earn a GP title at Kleiner Perkins in an industry where women have traditionally been shut out from the highest roles.

With Bond, Meeker is set to be the first woman to raise a $1 billion-plus VC fund.

02 Jan 2019

Netflix hires Activision CFO & former Disney exec Spencer Neumann as its new CFO

Netflix has officially confirmed the hiring of its new Chief Financial Officer Spencer Neumann, formerly CFO at Activision Blizzard. The announcement directly follows reports from Reuters and The Wall Street Journal, which said Netflix had poached Neumann from Activision and would start him in his new position this year.

CNBC on Wednesday reported Neumann had been fired from Activision two days ago because he was pursuing another job. Activision declined to state the cause of his firing, saying only that it was “unrelated to the Company’s financial reporting or disclosure controls and procedures,” in a regulatory filing.

Activision said Dennis Durkin, who was CFO from 2012 through 2017, would return to his role to replace Neumann.

At Netflix, Neumann will replace David Wells, who served as CFO since 2010.

“Spencer is a stellar entertainment executive and we’re thrilled that he will help us provide amazing stories to people all over the world,” said Reed Hastings, Netflix chief executive officer, in a statement. “I also want to again say thank you to David Wells, on behalf of the company and our shareholders, for his invaluable contributions at Netflix over the past 14 years.”

Neumann became CFO at Activision Blizzard in May 2017. Prior to that, he held a number of roles within Disney and elsewhere. From 2012 up until his hiring at Activision, Neumann was CFO and executive vice president of Global Guest Experience of Walt Disney Parks and Resorts. He also worked in private equity at Providence Equity Partners and Summit Partners.

Also at Disney, which Neumann first joined in 1992, he had served as executive vice president of the ABC Television Network from 2001 to 2004 and CFO of the Walt Disney Internet Group from 1999 to 2001.

His hiring is notable, given Disney’s plans to introduce a Netflix competitor of its own this year, with the forthcoming launch of the Disney+ streaming service. Netflix is also facing increased competition from AT&T, which is creating several new streaming services following its Time Warner acquisition, as well from Hulu, which becomes majority-owned by Disney with its acquisition of  21st Century Fox.

To keep up, Netflix has been increasing its spending on content. It reportedly spent $8 billion in 2018, and that figure is set to grow this year as the streamer invests heavily in originals to help grow and retain its customer base.

“Netflix is a singular brand, and I’m excited and honored for the opportunity to work with the Netflix team and all of our stakeholders to build on the company’s exceptional track record of success and innovation,” said Neumann in a statement.

Image credits: Netflix (logo); LinkedIn (profile photo)

02 Jan 2019

Netflix hires Activision CFO & former Disney exec Spencer Neumann as its new CFO

Netflix has officially confirmed the hiring of its new Chief Financial Officer Spencer Neumann, formerly CFO at Activision Blizzard. The announcement directly follows reports from Reuters and The Wall Street Journal, which said Netflix had poached Neumann from Activision and would start him in his new position this year.

CNBC on Wednesday reported Neumann had been fired from Activision two days ago because he was pursuing another job. Activision declined to state the cause of his firing, saying only that it was “unrelated to the Company’s financial reporting or disclosure controls and procedures,” in a regulatory filing.

Activision said Dennis Durkin, who was CFO from 2012 through 2017, would return to his role to replace Neumann.

At Netflix, Neumann will replace David Wells, who served as CFO since 2010.

“Spencer is a stellar entertainment executive and we’re thrilled that he will help us provide amazing stories to people all over the world,” said Reed Hastings, Netflix chief executive officer, in a statement. “I also want to again say thank you to David Wells, on behalf of the company and our shareholders, for his invaluable contributions at Netflix over the past 14 years.”

Neumann became CFO at Activision Blizzard in May 2017. Prior to that, he held a number of roles within Disney and elsewhere. From 2012 up until his hiring at Activision, Neumann was CFO and executive vice president of Global Guest Experience of Walt Disney Parks and Resorts. He also worked in private equity at Providence Equity Partners and Summit Partners.

Also at Disney, which Neumann first joined in 1992, he had served as executive vice president of the ABC Television Network from 2001 to 2004 and CFO of the Walt Disney Internet Group from 1999 to 2001.

His hiring is notable, given Disney’s plans to introduce a Netflix competitor of its own this year, with the forthcoming launch of the Disney+ streaming service. Netflix is also facing increased competition from AT&T, which is creating several new streaming services following its Time Warner acquisition, as well from Hulu, which becomes majority-owned by Disney with its acquisition of  21st Century Fox.

To keep up, Netflix has been increasing its spending on content. It reportedly spent $8 billion in 2018, and that figure is set to grow this year as the streamer invests heavily in originals to help grow and retain its customer base.

“Netflix is a singular brand, and I’m excited and honored for the opportunity to work with the Netflix team and all of our stakeholders to build on the company’s exceptional track record of success and innovation,” said Neumann in a statement.

Image credits: Netflix (logo); LinkedIn (profile photo)

02 Jan 2019

Windows 10 tops Windows 7 as most popular OS

Just in time for the new year, a report from Net Marketshare puts Windows 10 in the top spot for desktop operating systems. It’s the first time Microsoft’s OS took the top spot since hitting the market three and a half years ago.

At 39.22 percent of the market, Windows 10’s rise isn’t an overnight success story, but it’s notable, given the rocky reception its other operating systems have received in recent years. Windows 10 just edges out Windows 7’s 36.90. The more recent Windows 8.1, meanwhile, is a distant fifth — more than a percentage point below Windows XP.

Windows 10 is now in place on 700 million devices, comprising a broad range of products. Microsoft gambled with the release of a convertible operating system that could bridge the device between PC and tablet, and it appears to have paid off. As has the decision to bring the OS to its Xbox platform.

The numbers look solid, even as some enterprise customers continue to drag their feet. That’s to be expected with any relatively new operating system, as anyone who’s ever worked for a large business can tell you. There’s a reason XP is still in the top five.

All of this marks a nice end to Microsoft’s solid year, which found it once again at the top of the most valuable companies. Apple, which is now in the No. 2 spot, secured No. 3 on the OS list, with 10.14 Mojave pulling in 4.73 percent of the market.

02 Jan 2019

Windows 10 tops Windows 7 as most popular OS

Just in time for the new year, a report from Net Marketshare puts Windows 10 in the top spot for desktop operating systems. It’s the first time Microsoft’s OS took the top spot since hitting the market three and a half years ago.

At 39.22 percent of the market, Windows 10’s rise isn’t an overnight success story, but it’s notable, given the rocky reception its other operating systems have received in recent years. Windows 10 just edges out Windows 7’s 36.90. The more recent Windows 8.1, meanwhile, is a distant fifth — more than a percentage point below Windows XP.

Windows 10 is now in place on 700 million devices, comprising a broad range of products. Microsoft gambled with the release of a convertible operating system that could bridge the device between PC and tablet, and it appears to have paid off. As has the decision to bring the OS to its Xbox platform.

The numbers look solid, even as some enterprise customers continue to drag their feet. That’s to be expected with any relatively new operating system, as anyone who’s ever worked for a large business can tell you. There’s a reason XP is still in the top five.

All of this marks a nice end to Microsoft’s solid year, which found it once again at the top of the most valuable companies. Apple, which is now in the No. 2 spot, secured No. 3 on the OS list, with 10.14 Mojave pulling in 4.73 percent of the market.

02 Jan 2019

Union Square Ventures secures $429M across two new funds

New York-based venture capital firm Union Square Ventures (USV) has submitted paperwork to the U.S. Securities and Exchange Commission indicating a $429 million fundraise across two new vehicles.

Founded in 2003 by Fred Wilson (pictured) and Brad Burnham, USV has supported high-flying companies including Twitter, Tumblr, Etsy and, more recently, Carta and Coinbase. The firm has only added four people to its partnership in its 15-year history. Most recently, Rebecca Kaden joined from Maveron to become USV’s first female partner.

Its latest filings show the firm has raised $190 million for its fifth early-stage flagship fund, surpassing its previous vehicle by about $15 million.

Wilson, a long-time VC, has said that USV would never raise a large fund: “We like the small fund model and are completely and totally committed to it,” he told Venture Beat in 2010. That was long before SoftBank and its monstrous Vision Fund emerged to shake up the industry; still, USV has maintained its focused, lean fundraising strategy.

In addition to the $190 million entity, USV has lassoed $238 million for a growth-stage opportunities fund, its largest to date.

In a post on his popular blog, AVC.com, Wilson made his predictions for the new year, ranging from the impeachment of U.S. President Donald Trump, worsening U.S.-China relations and a fall of the S&P 500. Despite a commonly held belief among private investors that bearish public markets will quickly result in a downturn in the VC market, Wilson seems moderately optimistic about what’s to come.

“I expect that we will continue to see big tech invest and grow their businesses and do well in 2019,” Wilson wrote. “I expect we will see IPOs from big names like Uber/Lyft/Slack, although I also expect those deals will get priced well below the lofty expectations they have in mind right now … However, I do think a difficult macro business and political environment in the U.S. will lead investors to take a more cautious stance in 2019. It would not surprise me to see total venture capital investments in 2019 decline from 2018. And I think we will see financings take longer, diligence on new investments actually occur, and valuations to come under pressure for even the most attractive opportunities.”

A spokesperson for USV didn’t immediately respond to a request for comment.

02 Jan 2019

Union Square Ventures secures $429M across two new funds

New York-based venture capital firm Union Square Ventures (USV) has submitted paperwork to the U.S. Securities and Exchange Commission indicating a $429 million fundraise across two new vehicles.

Founded in 2003 by Fred Wilson (pictured) and Brad Burnham, USV has supported high-flying companies including Twitter, Tumblr, Etsy and, more recently, Carta and Coinbase. The firm has only added four people to its partnership in its 15-year history. Most recently, Rebecca Kaden joined from Maveron to become USV’s first female partner.

Its latest filings show the firm has raised $190 million for its fifth early-stage flagship fund, surpassing its previous vehicle by about $15 million.

Wilson, a long-time VC, has said that USV would never raise a large fund: “We like the small fund model and are completely and totally committed to it,” he told Venture Beat in 2010. That was long before SoftBank and its monstrous Vision Fund emerged to shake up the industry; still, USV has maintained its focused, lean fundraising strategy.

In addition to the $190 million entity, USV has lassoed $238 million for a growth-stage opportunities fund, its largest to date.

In a post on his popular blog, AVC.com, Wilson made his predictions for the new year, ranging from the impeachment of U.S. President Donald Trump, worsening U.S.-China relations and a fall of the S&P 500. Despite a commonly held belief among private investors that bearish public markets will quickly result in a downturn in the VC market, Wilson seems moderately optimistic about what’s to come.

“I expect that we will continue to see big tech invest and grow their businesses and do well in 2019,” Wilson wrote. “I expect we will see IPOs from big names like Uber/Lyft/Slack, although I also expect those deals will get priced well below the lofty expectations they have in mind right now … However, I do think a difficult macro business and political environment in the U.S. will lead investors to take a more cautious stance in 2019. It would not surprise me to see total venture capital investments in 2019 decline from 2018. And I think we will see financings take longer, diligence on new investments actually occur, and valuations to come under pressure for even the most attractive opportunities.”

A spokesperson for USV didn’t immediately respond to a request for comment.

02 Jan 2019

Mozilla promises a faster, prettier Thunderbird with better Gmail support

Thunderbird, Mozilla’s desktop email client, doesn’t have anywhere near the amount of mindshare of the organization’s Firefox browser, yet even in this age of web-based email services, it still has a sizable user community. For 2019, those users can look forward to a faster and more beautiful application, Thunderbird community manager Ryan Sipes announced today.

Only a few years ago, Mozilla’s relationship with Thunderbird looked rather rocky. Back in 2015, the organization decided to decouple Thunderbird’s technical infrastructure from Firefox’s and to look for other organizations that would like to invest in it. In the end, though, Mozilla decided to keep Thunderbird in-house and not move it to another organization and continue to support the project. That gave Thunderbird some much-needed stability and as Sipes announced today, there are now eight full-time staffers who work on the project, with plans for hiring six more soon.

For 2019, the expanded team promises to make the application run faster and address performance issues — and to rewrite some parts of the client in an effort to build a multi-process version that can make better use of modern processors (it’s worth noting that Firefox went through a similar rewrite).

At the same time, Thunderbird will also get a few user interface updates, better notifications and, maybe even more importantly, better Gmail support. The current Gmail setup procedure isn’t actually all that complicated, but once you do have Thunderbird set up to work with your Gmail account, you don’t get access to many of Gmail’s proprietary features. To work around some of this, the Thunderbird team will soon offer better label support, for example.

02 Jan 2019

Shine brings its female-focused self-care app to Android

Shine, one of the many apps capitalizing on the growing self-care trend, has now brought to Android devices its app used by 3 million people. Originally launched as a simple messaging bot that doled out life advice and motivation, Shine has grown over the years to become a larger self-help platform aimed largely at the millennial crowd — and, in particular, millennial women.

As of Shine’s $5 million Series A round last April, the app’s user base was 70 percent female, and 88 percent were under the age of 35.

Since then, it has added another million to its then 2 million users. That growth came despite Shine having missed the mark at times, as with its failed life-coaching subscription product that never emerged from testing.

Today, Shine’s focus is on personal growth, motivational messaging and other self-improvement topics, which are delivered by way of text and audio. Through short-form audio, users can get help across a number of areas, including things like productivity, mindfulness, focus, stress and anxiety, burn out, acceptance, self-care for online dating, creativity, forgiveness, work frustrations and more.

The app also sends daily motivational texts based on research-backed materials that help users better understand the topic at hand. These are presented in a more casual style — almost like it’s a friend chatting with you.

Shine now monetizes through a Premium subscription that offers expanded access to Shine’s audio talks and challenges, as well as additional features like offline listening and the ability to save favorite texts. This is either $4.50/month if you pay the $53.99 annual fee at once, or $9.99 per month. That’s roughly in line with what some meditation apps charge — for instance, the top meditation app Calm is $59.99 per year. And it’s cheaper than Headspace, which is $95.88 annually, by comparison.

Shine had said last year that one of its plans for its Series A was to build out the Android experience, as nearly half its customers were accessing Shine on Android devices. In those cases they were using the texting service due to the lack of an official app.

On iOS, Shine is fairly popular in its category. It has jumped to become the No. 16 “Health & Fitness” app in the U.S. following the Christmas holiday — a time of year when people get serious about wellness and self-care. However, it’s only the No. 86 app on the “Health & Fitness” Top Grossing chart, which puts it far behind other wellness apps, including meditation apps like Calm, weight loss apps like Lose It! and workout apps like the No. 1 app, Sweat from Kayla Itsines.

Given the app stores’ larger shift to subscriptions over paid downloads in recent years, it will be interesting to see how many apps the average consumer will actually pay for through the subscription model — and to what extent more niche apps like Shine will be sustainable in the long term, as a result.

Shine is a free download on Google Play.