Year: 2020

24 Mar 2020

SpaceX encounters first launch delay due to coronavirus

SpaceX has thus far managed to avoid much in the way of impact to its upcoming launch schedule, despite the widespread global coronavirus pandemic. The company successfully launched 60 more of its Starlink satellites just last week, and appears to be on track for its current mid-to-late May launch schedule for the first Commercial Crew mission with NASA (pending an investigation into what went wrong with an early engine cut-off during its last launch).

On Tuesday, however, the Air Force’s 45th Space Wing confirmed that the timing for SpaceX’s upcoming SAOCOM launch, which was set to take off from Vandenberg Air Force base in California on March 30 using a Falcon 9 rocket, has been put on “indefinite” hold due to the impact of the current coronavirus crisis. Vandenberg has declared a public health emergency as of this past weekend, and while there are no confirmed cases of COVID-19 on the base thus far, the Air Force is limiting access to essential personnel, and providing only essential services, in addition to taking additional precautions to protect the safety of those who have to remain on site.

It was inevitable that SpaceX launches and schedules would be affected by the COVID-19 pandemic: Already, NASA has had to pause work on some of its ongoing priority missions, including development of the Artemis program deep-space exploration spacecraft, and its James Webb Telescope project. While work continues on the Commercial Crew launch for now, NASA has been providing frequent updates about escalating measures to ensure the safety of its personnel and the public, slo we’ll keep you up to date on any additional developments.

24 Mar 2020

Dear Sophie: How is COVID-19 affecting immigration?

“Dear Sophie” is an advice column that answers immigration-related questions about working at technology companies.

“Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops, a founder or seeking a job in Silicon Valley, I would love to answer your questions in my next column.”

“Dear Sophie” columns are accessible for Extra Crunch subscribers; use promo code ALCORN to purchase a one or two-year subscription for 50% off.


Dear Sophie:

There’s a lot of misinformation going around the internet on immigration right now. Can you provide a clear explanation of how immigration policies are shifting in response to COVID-19?

— Overwhelmed in Palo Alto

24 Mar 2020

GitLab offers key lessons in running an all-remote workforce in new e-book

As companies that used to having workers in the same building struggle to find ways to work from home, one company that has been remote from Day One is GitLab . It recently published a handbook to help other companies who are facing the work-from-home challenge for the first time.

Lest you think GitLab is a small organization, it’s not. It’s 1,200 employees strong, all of which work from home in a mind boggling 67 countries. And it’s doing well. In September, the company raised $268 million on a $2.75 billion valuation.

Given that it has found a way to make a decentralized company work, GitLab has decided to share the best practices they’ve built up over the years to help others just starting on this journey.

Among the key bits of advice in the 34-page report, perhaps the most important to note when you begin working apart is to document everything. GitLab has a reputation for hyper transparency, publishing everything from its 3-year business strategy to its projected IPO date for the world to see.

But it’s also about writing down policies and procedures and making them available to the remote workforce. When you’re not in the same building, you can’t simply walk up to someone’s cubicle and ask a question, so you need to be vigilant about documenting your processes in a handbook that is available online and searchable.

“By adopting a handbook-first approach, team members have ‘a single source of truth’ for answers. Even though documentation takes a little more time upfront, it prevents people from having to ask the same question repeatedly. Remote work is what led to the development of GitLab’s publicly viewable handbook,” the company wrote in the e-book.

That includes an on-boarding procedure because folks aren’t coming into a meeting with HR when they start at GitLab. It’s essential to have all the information new hires need in one place, and the company has worked hard to build on-boarding templates. They also offer remote GitLab 101 meetings to orient folks who need more face time to get going.

You would think when you work like this, meetings would be required, but GitLab suggests making meetings optional. That’s because people are spread across the world’s time zones, making it difficult to get everyone together at the same time. Instead, the company records meetings and brainstorms ideas, essentially virtual white-boarding in Google Docs.

Another key piece of advice is to align your values with a remote way of working. That means changing your management approach to fit the expectations of a remote workforce. “If your values are structured to encourage conventional colocated workplace norms (such as consensus gathering or recurring meetings with in-person teams), rewrite them. If values are inconsistent with the foundation of remote work, there’s bound to be disappointment and confusion. Values can set the right expectations and provide a clear direction for the company going forward,” the company wrote.

This is just scratching the surface of what’s in the handbook, but it’s a valuable resource for anyone who is trying to find a way to function in a remote work environment. Each company will have its own culture and way of dealing with this, of course, but when a company like GitLab, which was born remote, provides this level of advice, it pays to listen and take advantage of their many years of expertise.

24 Mar 2020

GitLab offers key lessons in running an all-remote workforce in new e-book

As companies that used to having workers in the same building struggle to find ways to work from home, one company that has been remote from Day One is GitLab . It recently published a handbook to help other companies who are facing the work-from-home challenge for the first time.

Lest you think GitLab is a small organization, it’s not. It’s 1,200 employees strong, all of which work from home in a mind boggling 67 countries. And it’s doing well. In September, the company raised $268 million on a $2.75 billion valuation.

Given that it has found a way to make a decentralized company work, GitLab has decided to share the best practices they’ve built up over the years to help others just starting on this journey.

Among the key bits of advice in the 34-page report, perhaps the most important to note when you begin working apart is to document everything. GitLab has a reputation for hyper transparency, publishing everything from its 3-year business strategy to its projected IPO date for the world to see.

But it’s also about writing down policies and procedures and making them available to the remote workforce. When you’re not in the same building, you can’t simply walk up to someone’s cubicle and ask a question, so you need to be vigilant about documenting your processes in a handbook that is available online and searchable.

“By adopting a handbook-first approach, team members have ‘a single source of truth’ for answers. Even though documentation takes a little more time upfront, it prevents people from having to ask the same question repeatedly. Remote work is what led to the development of GitLab’s publicly viewable handbook,” the company wrote in the e-book.

That includes an on-boarding procedure because folks aren’t coming into a meeting with HR when they start at GitLab. It’s essential to have all the information new hires need in one place, and the company has worked hard to build on-boarding templates. They also offer remote GitLab 101 meetings to orient folks who need more face time to get going.

You would think when you work like this, meetings would be required, but GitLab suggests making meetings optional. That’s because people are spread across the world’s time zones, making it difficult to get everyone together at the same time. Instead, the company records meetings and brainstorms ideas, essentially virtual white-boarding in Google Docs.

Another key piece of advice is to align your values with a remote way of working. That means changing your management approach to fit the expectations of a remote workforce. “If your values are structured to encourage conventional colocated workplace norms (such as consensus gathering or recurring meetings with in-person teams), rewrite them. If values are inconsistent with the foundation of remote work, there’s bound to be disappointment and confusion. Values can set the right expectations and provide a clear direction for the company going forward,” the company wrote.

This is just scratching the surface of what’s in the handbook, but it’s a valuable resource for anyone who is trying to find a way to function in a remote work environment. Each company will have its own culture and way of dealing with this, of course, but when a company like GitLab, which was born remote, provides this level of advice, it pays to listen and take advantage of their many years of expertise.

24 Mar 2020

Where top VCs are investing in D2C

If you’re looking for toothbrushes, skin-care face masks, mattresses, glasses or even socks, there’s a digitally-native, direct-to-consumer (D2C) company or two that can help you out.

And thanks to smart digital marketing, the cult followings that ensue and the economics of e-commerce, D2C has changed how we relate to consumer goods (while attracting a waterfall of investment dollars).

Globally, D2C startups have raised between $8 billion to $10 billion in known venture capital across more than 600 deals since the start of 2019, according to Crunchbase data. The industry was catalyzed by a number of nine-figure deals for companies like Glossier, which sells makeup products, and Ro, which is a telehealth startup.

Indeed, when prepping this post for publication, our list of notable D2C rounds since the start of 2019 grew long enough that we abandoned the idea of including a digest. The sector has been active across a host of verticals, making it hard to sum up in terms other than rounds and dollars invested.

But those are trailing indicators of what is going on between D2C startups and their investors. TechCrunch was curious, especially in the wake of the troubled Casper IPO, how investor sentiment might have shifted and what venture capitalists are looking for in the category.

To get a grip on the matter, we caught up with Nicole Quinn from Lightspeed Venture Partners, Ben Lerer and Caitlin Strandberg from Lerer Hippeau, Gareth Jefferies from Northzone, Matthew Hartman of Betaworks Ventures, Alexis Ohanian of Initialized Capital and Luca Bocchio of Accel.

We got into advice for founders looking to raise, whether influencer marketing is worth it and which channel one investor says is an “all-but-closed door for most D2C companies.” We’ll start with a summary of the three trends that stood out the most from our collected answers and then share the full investor digests.

Three key themes for D2C in 2020

24 Mar 2020

Where top VCs are investing in D2C

If you’re looking for toothbrushes, skin-care face masks, mattresses, glasses or even socks, there’s a digitally-native, direct-to-consumer (D2C) company or two that can help you out.

And thanks to smart digital marketing, the cult followings that ensue and the economics of e-commerce, D2C has changed how we relate to consumer goods (while attracting a waterfall of investment dollars).

Globally, D2C startups have raised between $8 billion to $10 billion in known venture capital across more than 600 deals since the start of 2019, according to Crunchbase data. The industry was catalyzed by a number of nine-figure deals for companies like Glossier, which sells makeup products, and Ro, which is a telehealth startup.

Indeed, when prepping this post for publication, our list of notable D2C rounds since the start of 2019 grew long enough that we abandoned the idea of including a digest. The sector has been active across a host of verticals, making it hard to sum up in terms other than rounds and dollars invested.

But those are trailing indicators of what is going on between D2C startups and their investors. TechCrunch was curious, especially in the wake of the troubled Casper IPO, how investor sentiment might have shifted and what venture capitalists are looking for in the category.

To get a grip on the matter, we caught up with Nicole Quinn from Lightspeed Venture Partners, Ben Lerer and Caitlin Strandberg from Lerer Hippeau, Gareth Jefferies from Northzone, Matthew Hartman of Betaworks Ventures, Alexis Ohanian of Initialized Capital and Luca Bocchio of Accel.

We got into advice for founders looking to raise, whether influencer marketing is worth it and which channel one investor says is an “all-but-closed door for most D2C companies.” We’ll start with a summary of the three trends that stood out the most from our collected answers and then share the full investor digests.

Three key themes for D2C in 2020

24 Mar 2020

Coordinated response required to optimize telehealth during COVID-19 pandemic

As the COVID-19 epidemic scales exponentially across the United States, calls for expended use of telehealth, innovative technology solutions and optimization of life-saving critical care hospital beds clearly highlight unmet needs in the American healthcare system.

Based on lessons from both recent Ebola Virus Disease (EVD) outbreaks in West Africa and the Democratic Republic of Congo (DRC), those of us who are experienced in outbreak response know that the difference between success and failure in responding to the current pandemic will depend equally on what is done and how it is done.

As a nation that prides itself on independence, innovation and ingenuity, the United States must understand that ill-considered heroics can cost lives and that a coordinated response is the best response. That is, if the measure of success is the number of lives saved.

Solutions must be conceived, built and deployed on the ground

One of the first rules of humanitarian and disaster response is that the boots on the ground (BOTG) must be in control. When it comes to technology delivery, this has multiple essential implications. First, the ultimate arbiter of requirements is the field team. The last thing patients or front-line responders need is programmers sitting at home writing code and arguing with health workers in the trenches about functions and features. It never works. Even when agreement is perceived via remote conversations, the reality on the ground may be different or may change instantly, negating previously agreed-upon specifications.

My own personal experience with these hard facts occurred toward the end of the West African EVD outbreak.

In May of 2015, as the case count was trending toward zero and our efforts turned to rebuilding local health systems that had been devastated early in the outbreak, I was writing apps that would enable the proper triage of a possible Ebola patient. These apps were somewhat complex algorithmically but had to be presented graphically to make this process as easy as taking a fast-food order.

This is not difficult—the apps are menu-driven and graphical. Workers simply input symptoms by selecting pictures and the menu walks them through the process. I spent several weeks building and testing the apps based on forms that had been emailed to me directly from the clinic.

When I arrived a week later, however, the people who had emailed me the material I used to develop the apps told me that that the forms were incorrect and they had never seen them before. Having anticipated this possibility, I spent the next 36 hours completely re-writing the apps and the project was highly successful.

My lesson? The time I spent coding apps remotely from emailed specs was wasted; I should have traveled earlier and built the apps on the ground. They would have been correct the first time and the project could have started at least two weeks earlier.

Use privacy-preserving technologies at the outset

The humanitarian response sector operates with a deep understanding that all interventions in crisis settings have corresponding risks to the immediate victims as well as to the responders. Key to mitigating these risks are ethical frameworks that protect all parties from immediate and longer-term consequences. As new procedures and technologies are quickly deployed against COVID-19, there is neither reason nor excuse to jeopardize patient privacy or expose healthcare workers and institutions to additional liability risk.

Because data sharing is essential to combating this pandemic, privacy-preserving technologies should be employed at the outset of implementing any technical solutions. For example, tokenization is a well-understood privacy-preserving technique for facilitating data sharing. A good start would be to automatically tokenize every COVID-19 test result, thereby enabling detailed data sharing across various response capabilities.

Importantly, digital health tools contain the inherent capacity to ensure ethical medical intervention. In light of this, any calls to weaken patient protections for the sake of technological priorities must be viewed both skeptically and critically.

Focus on consistent, automated and standardized data collection

Even in a public health emergency, consistent if not fully standardized data collection is a necessity, not a luxury.

The West African EVD outbreak that struck Guinea, Liberia, and Sierra Leone outpaced the ability of any one government to stop it. This necessitated that the World Health Organization (WHO) play a coordinating role — one that proved highly beneficial. Although the WHO’s response was not perfect, it nevertheless included the publication of a strategic plan that included communications strategies, training on personal protective equipment, case definitions and medical and epidemiological data collection and management standards.

Activities were coordinated across 60 specialized Ebola treatment units that were capable of providing approximately 3,000 beds for Ebola care in the three countries most affected by the outbreak. Further, more than 40 organizations and 58 foreign medical teams deployed an estimated 2,500 international personnel as well as thousands of local staff.

The United States is already at this scale of response for the COVID-19 pandemic, and we anticipate continued exponential growth. Given the magnitude of current and future challenges to healthcare and public health systems and resources, adopting a common approach to data collection and sharing is essential. Such a step need not be difficult: a simple digital questionnaire comprising 5-10 questions and employed during every telehealth session would afford substantial insights into the presentation, triage, treatment and follow-up of the disease.

In Sierra Leone we did this with inexpensive Android apps that ensured high-quality data collection and availability. The key to the success of this effort was that the coordinated response effort provided standard definitions, questionnaires and data management requirements that were employed with surprising efficacy and consistency across a decentralized multinational response.

If we standardize data collection via a simple triage app or case report form, people will use them, regardless of the format—especially if data collection can be done by nonclinical staff, thus allowing doctors and nurses to devote more of their precious time to patient care.

Make use of all “free” metadata and technology capabilities

Another essential lesson from the experience of responding to outbreaks in low-resource settings is to “use all parts of the animal.” For example: when we replaced or supplemented paper contract tracing with digital data collection, accuracy and reliability were improved thanks to the other “free” capabilities already available with the mobile devices. The global positioning system (GPS) capabilities of the cheap Android phones we used provided exact geolocation coordinates.

Video recording captured and documented complex consent discussions in multiple languages with village chieftains. Training videos could be reviewed on-demand and repeatedly by rapidly-trained workers who were rushing into complex and potentially dangerous situations.

As we spin up our response to the COVID-19 pandemic, we need to apply this type of thinking about the exploitation of native technology features and metadata to telehealth capabilities. Starting with the foundation of privacy-preserving tools and techniques, the IP addresses, duration, and timestamps of telehealth sessions could be used to establish a real-time dashboard of medical consults for every state, region, and town.

Overlaying tokenized COVID-19 test results could provide a view of disease incidence at a city-block level of detail that would improve the certainty of risk determination and treatment recommendations. In low-resource settings, which the United States is quickly becoming, taking a “waste not, want not” approach to technologies and metadata is essential.

Use pre-existing, purpose-built toolsets

Among the most painful lessons from the West African Ebola outbreak were the importance of time and the understanding that smaller interventions deployed earlier would have prevented major systemic stresses later. Many efforts to deliver technology solutions started from scratch and took too long to build and deploy. Amid the demands of the current pandemic, we don’t have the luxury of forgetting these lessons.

There are already specialized, fit-for-purpose toolsets available for infectious disease outbreaks. CommCare by Dimagi, for example, is an open-source Android platform that has COVID-19-specific contact tracing applications and other toolsets ready to deploy. All parties seeking to obtain or deliver technology solutions should consult experts and seek off-the-shelf solutions BEFORE anyone writes a single line of code.

Patients are waiting, and the “when” may be more important than the “how.” Or, in other words: smaller solutions delivered when needed beat grand solutions delivered after the need has passed.

The battle with the current pandemic is being fought in clinics, doctor’s offices, hospitals and via telehealth sessions as I write this, and there is no time to waste. The people on the front lines are our “boots on the ground.” Let’s get them every tool they need as quickly and effectively as we can.

24 Mar 2020

Coordinated response required to optimize telehealth during COVID-19 pandemic

As the COVID-19 epidemic scales exponentially across the United States, calls for expended use of telehealth, innovative technology solutions and optimization of life-saving critical care hospital beds clearly highlight unmet needs in the American healthcare system.

Based on lessons from both recent Ebola Virus Disease (EVD) outbreaks in West Africa and the Democratic Republic of Congo (DRC), those of us who are experienced in outbreak response know that the difference between success and failure in responding to the current pandemic will depend equally on what is done and how it is done.

As a nation that prides itself on independence, innovation and ingenuity, the United States must understand that ill-considered heroics can cost lives and that a coordinated response is the best response. That is, if the measure of success is the number of lives saved.

Solutions must be conceived, built and deployed on the ground

One of the first rules of humanitarian and disaster response is that the boots on the ground (BOTG) must be in control. When it comes to technology delivery, this has multiple essential implications. First, the ultimate arbiter of requirements is the field team. The last thing patients or front-line responders need is programmers sitting at home writing code and arguing with health workers in the trenches about functions and features. It never works. Even when agreement is perceived via remote conversations, the reality on the ground may be different or may change instantly, negating previously agreed-upon specifications.

My own personal experience with these hard facts occurred toward the end of the West African EVD outbreak.

In May of 2015, as the case count was trending toward zero and our efforts turned to rebuilding local health systems that had been devastated early in the outbreak, I was writing apps that would enable the proper triage of a possible Ebola patient. These apps were somewhat complex algorithmically but had to be presented graphically to make this process as easy as taking a fast-food order.

This is not difficult—the apps are menu-driven and graphical. Workers simply input symptoms by selecting pictures and the menu walks them through the process. I spent several weeks building and testing the apps based on forms that had been emailed to me directly from the clinic.

When I arrived a week later, however, the people who had emailed me the material I used to develop the apps told me that that the forms were incorrect and they had never seen them before. Having anticipated this possibility, I spent the next 36 hours completely re-writing the apps and the project was highly successful.

My lesson? The time I spent coding apps remotely from emailed specs was wasted; I should have traveled earlier and built the apps on the ground. They would have been correct the first time and the project could have started at least two weeks earlier.

Use privacy-preserving technologies at the outset

The humanitarian response sector operates with a deep understanding that all interventions in crisis settings have corresponding risks to the immediate victims as well as to the responders. Key to mitigating these risks are ethical frameworks that protect all parties from immediate and longer-term consequences. As new procedures and technologies are quickly deployed against COVID-19, there is neither reason nor excuse to jeopardize patient privacy or expose healthcare workers and institutions to additional liability risk.

Because data sharing is essential to combating this pandemic, privacy-preserving technologies should be employed at the outset of implementing any technical solutions. For example, tokenization is a well-understood privacy-preserving technique for facilitating data sharing. A good start would be to automatically tokenize every COVID-19 test result, thereby enabling detailed data sharing across various response capabilities.

Importantly, digital health tools contain the inherent capacity to ensure ethical medical intervention. In light of this, any calls to weaken patient protections for the sake of technological priorities must be viewed both skeptically and critically.

Focus on consistent, automated and standardized data collection

Even in a public health emergency, consistent if not fully standardized data collection is a necessity, not a luxury.

The West African EVD outbreak that struck Guinea, Liberia, and Sierra Leone outpaced the ability of any one government to stop it. This necessitated that the World Health Organization (WHO) play a coordinating role — one that proved highly beneficial. Although the WHO’s response was not perfect, it nevertheless included the publication of a strategic plan that included communications strategies, training on personal protective equipment, case definitions and medical and epidemiological data collection and management standards.

Activities were coordinated across 60 specialized Ebola treatment units that were capable of providing approximately 3,000 beds for Ebola care in the three countries most affected by the outbreak. Further, more than 40 organizations and 58 foreign medical teams deployed an estimated 2,500 international personnel as well as thousands of local staff.

The United States is already at this scale of response for the COVID-19 pandemic, and we anticipate continued exponential growth. Given the magnitude of current and future challenges to healthcare and public health systems and resources, adopting a common approach to data collection and sharing is essential. Such a step need not be difficult: a simple digital questionnaire comprising 5-10 questions and employed during every telehealth session would afford substantial insights into the presentation, triage, treatment and follow-up of the disease.

In Sierra Leone we did this with inexpensive Android apps that ensured high-quality data collection and availability. The key to the success of this effort was that the coordinated response effort provided standard definitions, questionnaires and data management requirements that were employed with surprising efficacy and consistency across a decentralized multinational response.

If we standardize data collection via a simple triage app or case report form, people will use them, regardless of the format—especially if data collection can be done by nonclinical staff, thus allowing doctors and nurses to devote more of their precious time to patient care.

Make use of all “free” metadata and technology capabilities

Another essential lesson from the experience of responding to outbreaks in low-resource settings is to “use all parts of the animal.” For example: when we replaced or supplemented paper contract tracing with digital data collection, accuracy and reliability were improved thanks to the other “free” capabilities already available with the mobile devices. The global positioning system (GPS) capabilities of the cheap Android phones we used provided exact geolocation coordinates.

Video recording captured and documented complex consent discussions in multiple languages with village chieftains. Training videos could be reviewed on-demand and repeatedly by rapidly-trained workers who were rushing into complex and potentially dangerous situations.

As we spin up our response to the COVID-19 pandemic, we need to apply this type of thinking about the exploitation of native technology features and metadata to telehealth capabilities. Starting with the foundation of privacy-preserving tools and techniques, the IP addresses, duration, and timestamps of telehealth sessions could be used to establish a real-time dashboard of medical consults for every state, region, and town.

Overlaying tokenized COVID-19 test results could provide a view of disease incidence at a city-block level of detail that would improve the certainty of risk determination and treatment recommendations. In low-resource settings, which the United States is quickly becoming, taking a “waste not, want not” approach to technologies and metadata is essential.

Use pre-existing, purpose-built toolsets

Among the most painful lessons from the West African Ebola outbreak were the importance of time and the understanding that smaller interventions deployed earlier would have prevented major systemic stresses later. Many efforts to deliver technology solutions started from scratch and took too long to build and deploy. Amid the demands of the current pandemic, we don’t have the luxury of forgetting these lessons.

There are already specialized, fit-for-purpose toolsets available for infectious disease outbreaks. CommCare by Dimagi, for example, is an open-source Android platform that has COVID-19-specific contact tracing applications and other toolsets ready to deploy. All parties seeking to obtain or deliver technology solutions should consult experts and seek off-the-shelf solutions BEFORE anyone writes a single line of code.

Patients are waiting, and the “when” may be more important than the “how.” Or, in other words: smaller solutions delivered when needed beat grand solutions delivered after the need has passed.

The battle with the current pandemic is being fought in clinics, doctor’s offices, hospitals and via telehealth sessions as I write this, and there is no time to waste. The people on the front lines are our “boots on the ground.” Let’s get them every tool they need as quickly and effectively as we can.

24 Mar 2020

UPS partners with Wingcopter to develop new multipurpose drone delivery fleet

UPS is working with German startup Wingcopter to develop a new type of delivery drone, to be used for the logistics company’s growing commercial drone deliver efforts both in the U.S. and globally. Wingcopter has already designed an electric vertical takeoff and landing (eVTOL) aircraft that have ranges of up to 75 miles, and can achieve speeds as high as 150 miles per hour, in conditions include windspeeds of up to 45 miles per hour.

The two originally entered into a partnership last December, and Wingcopter will be working closely with UPS’ Flight Forward subsidiary, the dedicated drone delivery unit that UPS developed last year in July to house its commercial drone delivery program. In October, Flight Forward received Federal Aviation Administration (FAA) approval to effectively operate a full-scale ‘drone airline’ at scale for the purpose of package delivery.

Wingcopter has already demonstrated how its drones could operate in commercial settings, including during a demonstration with Merck earlier this year that saw its autonomous eVTOLs carry small packages between the drug company’s various office locations in Darmstadt in Germany. It’s also used its aircraft to deliver critical medical supplies and life-saving equipment to hard to reach areas, including through partnerships with UNICEF and other relief organizations.

This collaboration will begin with efforts on behalf of both companies to certify Wingcopter’s aircraft for use in making commercial delivery in the U.S., which will pave the way for collaborative development of additional types of aircraft that will serve a variety of needs, including in industries ranging from healthcare, to hospitality, to retail and more.

Wingcopter’s main advantage is a design that allows it to switch from hovering and vertical lift, to a low-noise forward flight mode, which is better suited to use over populated areas. It manages this using a tilt-rotor design, which has the added benefit of making it more stable in difficult weather conditions, including rain and high winds.

24 Mar 2020

Leading VCs discuss how COVID-19 is impacting real estate & proptech

Several months ago, we surveyed more than 20 leading real estate VCs to learn about what was exciting them most in the real estate tech sector and hear their opinions on proptech trends like co-working, flexible office space and remote office space.

Since we published our survey, COVID-19 has flipped the real estate sector on its head as more companies move toward mandatory remote work, retail businesses are forced to temporarily shut their doors and high-traffic properties thin out. Suddenly, the traditionally predictable world of real estate is more chaotic and unclear than ever.

What are the short and long-term impacts of pandemic-induced volatility? Does this open up opportunities for proptech startups or shutter them? What does this mean from an investing point of view? We asked several of the VCs that participated in our last survey to update us on how COVID-19 is impacting real estate startups, non-proptech companies in general and the broader real estate market overall:

Christopher Yip, RET Ventures

Despite its banner year in 2019, proptech will not be immune to the pressures venture-backed companies face in a market pullback, and we are preparing ourselves and our portfolio companies for a bumpy year.