Category: UNCATEGORIZED

03 Dec 2020

Join a Q&A with General Catalyst’s Peter Boyce and Katherine Boyle on Tuesday at 4pm ET/1pm PT

General Catalyst is one of the top VC firms in the U.S., with portfolio companies that include Snap, Kayak, Airbnb, Stripe, HubSpot, GitLab and many others.

We’re thrilled to have GC’s Peter Boyce and Katherine Boyle join us for the next episode of Extra Crunch Live, our live video series where we ask VCs about what’s exciting them these days, get their advice for how early-stage startups can thrive (particularly during a pandemic), and offer Extra Crunch members a chance to ask questions directly.

We’ve interviewed some heavy hitters, including notables like Mark Cuban, Kirsten Green and Roelof Botha during our first two seasons.

If you’re not an Extra Crunch member, you should really hop to it; check out the full library of ECL content before hanging out with Boyce, Boyle and myself on Tuesday at 4pm ET/1pm PT.

Boyce has been with General Catalyst since 2013, leading investments in companies such as Ro, Macro, towerIQ and Atom, among others. He also supported some big General Catalyst deals, including investments in Giphy, Jet.com and Circle.

Boyce also co-founded Rough Draft Ventures, an investment arm of General Catalyst focused on funding first-time CEOs out of university.

Boyle was previously a business reporter at The Washington Post before joining General Catalyst, which gives her a unique perspective on the entrepreneurial landscape. She’s invested in several companies, including AirMap, Origin and Nova Credit.

Boyle also has a particular expertise in regulated industries and has joined us for previous events to lay out some advice for startups navigating governmental rules.

On Tuesday, we’ll discuss trends and industries they find most exciting as we head into 2021, get their best advice for early-stage startups seeking funding and hear how the VC landscape has changed during the pandemic.

You should most definitely bring your own questions to the table. Extra Crunch members can submit questions ahead of time via the form below or during the live discussion.

Full details can be found below.

See you there!

Event Details

03 Dec 2020

AWS expands startup assistance program

Last year, AWS launched the APN Global Startup Program, which is sort of AWS’s answer to an incubator for startups deeply involved with AWS technology. This year, the company wants to expand that offering, and today it announced some updates to the program at the Partner keynote today at AWS re:Invent.

While startups technically have to pay a $2500 fee if they are accepted to the program, AWS typically refunds that fee, says Doug Yeum, head of the Global Partner Organization at AWS — and they get a lot of benefits for being part of the program.

“While the APN has a $2,500 annual program fee, startups that are accepted into the invite-only APN Global Startup Program get that fee back, as well as free access to substantial additional resources both in terms of funding as well as exclusive program partner managers and co-sell specialists resources,” Yeum told TechCrunch.

And those benefits are pretty substantial including access to a new “white glove program” that lets them work with a program manager with direct knowledge of AWS and who has experience working with startups. In addition, participants get access to an ISV program to work more directly with these vendors to increase sales and access to data exchange services to move third party data into the AWS cloud.

What’s more, they can apply to the new AI/ML Acceleration program. As AWS describes it, “This includes up to $5,000 AWS credits to fund experiments on AWS services, enabling startups to explore AWS AI/ML tools that offer the best fit for them at low risk.”

Finally, they get partially free access to the AWS Marketplace, offsetting the normal marketplace listing fees for the first five offerings. Some participants will also get access to AWS sales to help use the power of the large company to drive a startup’s sales.

While you can apply to the program, the company also recruits individual startups that catch its attention. “We also proactively invite mid-to-late stage startups built on AWS that, based on market signals, are showing traction and offer interesting use cases for our mutual enterprise customers,” Yeum explained.

Among the companies currently involved in the program are HashiCorp, Logz.io and Snapdocs. Interested startups can apply on the APN Global Startup website.

03 Dec 2020

AWS expands startup assistance program

Last year, AWS launched the APN Global Startup Program, which is sort of AWS’s answer to an incubator for startups deeply involved with AWS technology. This year, the company wants to expand that offering, and today it announced some updates to the program at the Partner keynote today at AWS re:Invent.

While startups technically have to pay a $2500 fee if they are accepted to the program, AWS typically refunds that fee, says Doug Yeum, head of the Global Partner Organization at AWS — and they get a lot of benefits for being part of the program.

“While the APN has a $2,500 annual program fee, startups that are accepted into the invite-only APN Global Startup Program get that fee back, as well as free access to substantial additional resources both in terms of funding as well as exclusive program partner managers and co-sell specialists resources,” Yeum told TechCrunch.

And those benefits are pretty substantial including access to a new “white glove program” that lets them work with a program manager with direct knowledge of AWS and who has experience working with startups. In addition, participants get access to an ISV program to work more directly with these vendors to increase sales and access to data exchange services to move third party data into the AWS cloud.

What’s more, they can apply to the new AI/ML Acceleration program. As AWS describes it, “This includes up to $5,000 AWS credits to fund experiments on AWS services, enabling startups to explore AWS AI/ML tools that offer the best fit for them at low risk.”

Finally, they get partially free access to the AWS Marketplace, offsetting the normal marketplace listing fees for the first five offerings. Some participants will also get access to AWS sales to help use the power of the large company to drive a startup’s sales.

While you can apply to the program, the company also recruits individual startups that catch its attention. “We also proactively invite mid-to-late stage startups built on AWS that, based on market signals, are showing traction and offer interesting use cases for our mutual enterprise customers,” Yeum explained.

Among the companies currently involved in the program are HashiCorp, Logz.io and Snapdocs. Interested startups can apply on the APN Global Startup website.

03 Dec 2020

Find out how startups like Skyroot and Bluefield are building new industries at TC Sessions: Space 2020

At our fast-approaching first TC Sessions: Space event, which is happening December 16-17, we’re going to be highlighting some of the most exciting startups and founders tackling big problems with innovative and groundbreaking solutions.

Some of those companies are focused on building tomorrow’s spacecraft, and others are working on in-space technologies that could become the next big anchor upon which countless other businesses are built.

Two of the companies joining us at TC Sessions: Space are Skyroot and Bluefield. Skyroot is India’s first private space launch startup, founded in 2018 with the goal of developing a low-cost and reliable launch vehicle to help democratize access of space.

More panels from TC Sessions: Space

Founder, CEO and CTO Pawan Kumar Chandana will join us to talk about building his new business, his prior experience developing rockets for the Indian Space Research Organization (ISRO) and how Skyroot’s Vikram-series launch vehicles plan to achieve the company’s ambitious goals.

Bluefield Technologies is focused on an entirely different, but potentially just as impactful opportunity: Observation, monitoring and analysis of methane emissions data on Earth. Their satellite-based methane observation technology offer a new high bar of precision and detail.

Bluefield founder and CEO Yotam Ariel will join us to talk about what becomes possible across a range of industries once you offer them the ability to track up to 90% of the Earth’s methane emissions with pinpoint accuracy, at costs that are up to 100 percent cheaper than existing solutions on up to a daily basis.

We’ll have conversations with Chandana, Ariel and others as part of our ‘Founders in Focus’ series, just one small part of the all-star agenda at TC Sessions: Space. Tickets are still available at the Late Registration price with discounts for students, government/military employees and groups, so grab yours below to attend this fully virtual event.

03 Dec 2020

Find out how startups like Skyroot and Bluefield are building new industries at TC Sessions: Space 2020

At our fast-approaching first TC Sessions: Space event, which is happening December 16-17, we’re going to be highlighting some of the most exciting startups and founders tackling big problems with innovative and groundbreaking solutions.

Some of those companies are focused on building tomorrow’s spacecraft, and others are working on in-space technologies that could become the next big anchor upon which countless other businesses are built.

Two of the companies joining us at TC Sessions: Space are Skyroot and Bluefield. Skyroot is India’s first private space launch startup, founded in 2018 with the goal of developing a low-cost and reliable launch vehicle to help democratize access of space.

More panels from TC Sessions: Space

Founder, CEO and CTO Pawan Kumar Chandana will join us to talk about building his new business, his prior experience developing rockets for the Indian Space Research Organization (ISRO) and how Skyroot’s Vikram-series launch vehicles plan to achieve the company’s ambitious goals.

Bluefield Technologies is focused on an entirely different, but potentially just as impactful opportunity: Observation, monitoring and analysis of methane emissions data on Earth. Their satellite-based methane observation technology offer a new high bar of precision and detail.

Bluefield founder and CEO Yotam Ariel will join us to talk about what becomes possible across a range of industries once you offer them the ability to track up to 90% of the Earth’s methane emissions with pinpoint accuracy, at costs that are up to 100 percent cheaper than existing solutions on up to a daily basis.

We’ll have conversations with Chandana, Ariel and others as part of our ‘Founders in Focus’ series, just one small part of the all-star agenda at TC Sessions: Space. Tickets are still available at the Late Registration price with discounts for students, government/military employees and groups, so grab yours below to attend this fully virtual event.

03 Dec 2020

VCs who want better outcomes should use data to reduce founder team risk

VCs expect the companies they invest in to use data to improve their decision-making. So why aren’t they doing that when evaluating startup teams?

Sure, venture capital is a people business, and the power of gut feeling is real. But using an objective, data-backed process to evaluate teams — the same way we do when evaluating financial KPIs, product, timing and market opportunities — will help us make better investment decisions, avoid costly mistakes and discover opportunities we might have otherwise overlooked.

An objective assessment process will also help investors break free from patterns and back someone other than a white male for a change. Is looking at how we have always done things the best way to build for the future?

Sixty percent of startups fail because of problems with the team. Instinct matters, but a team is too big a risk to leave to intuition. I will use myself as an example. I have founded two companies. I know what it takes to build a company and to achieve a successful exit. I like to think I can sense when someone has that special something and when a team has chemistry. But I am human. I am limited by bias and thought patterns; data is not.

You can (and should) take a scientific approach to evaluating a startup team. A “strong” team isn’t a vague concept — extensive research confirms what it takes to execute a vision. Despite what people expect, soft skills can be measured. VCVolt is a computerized selection model that analyzes the performance of companies and founding teams developed by Eva de Mol, Ph.D., my partner at CapitalT.

We use it to inform every investment decision we make and to demystify a common hurdle to entrepreneurial success. (The technology also evaluates the company, market opportunity, timing and other factors, but since most investors aren’t taking a structured, data-backed approach to analyzing teams, let’s focus on that.)

VCVolt allows us to reduce team risk early on in the selection and due diligence process, thereby reducing confirmation bias and fail rates, discovering more winning teams and driving higher returns.

I will keep this story brief for privacy reasons, but you will get the point. While testing the model, we advised another VC firm not to move forward with an investment based on the model’s findings. The firm moved forward anyway because they were in love with the deal, and everything the model predicted transpired. It was a big loss for the investors, and a reminder that hunch and gut feeling can be wrong — or at least blind you to some serious risk factors.

The platform uses a validated model that is based on more than five years of scientific research, data from more than 1,000 companies and input from world-class experts and scientists. Its predictive validity is noted in top-tier scientific journals and other publications, including Harvard Business Review. By asking the right questions — science-based questions validated by more than 80,000 datapoints — the platform analyzes the likelihood that a team will succeed. It considers:

03 Dec 2020

Atlassian brings new DevOps metrics to Jira

Atlassian is launching an update to its ubiquitous Jira issue and project tracking service today — and specifically the Jira Software Cloud version — that brings a number of new features for visualizing and measuring how code moves through the development pipeline. With this, project managers and developers will be able to get deeper insights into the code teams are working on, for example, and where that code is in the deployment pipeline. Users of Jira Software Premium will also be able to track deployment frequency and cycle times right inside of the service now, too.

In the quest to reach that near-mythical land of ‘insights,’ many teams mistake consolidation for control. But the challenge is not the number of tools; it’s the way they’re integrated,” the Jira team writes in today’s announcement. “No single vendor will ever deliver all the products an agile software team needs, so the burden still lies on the team to manually connect the dots.”

Image Credits: Atlassian

This update, Atlassian argues, helps those teams do just that. For most teams, Jira is already the central repository where each piece of work is documented in some form or another, after all. Some of that work happens in Atlassian tools, but most of it happens in the context of third-party services. The idea here is to pull all of this DevOps work together and provide more visibility and insights into the state of a company’s development pipeline.

Specifically, there are four different updates here. The first is ‘code in Jira,’ which may sound like you can now code inside of Jira, but in reality, it’s about seeing which repos in Bitbucket, GitHub, GitLab or Git Integration for Jira are currently actively worked on. With the new ‘deployments’ feature, users can now get a real-time view of all of their deployment information across CI/CD services like Bitbucket Pipelines, Jenkins, Azure DevOps, Circle CI, Octopus Deploy and JFrog.

Image Credits: Atlassian

“Whether you’re a product manager looking to see which features have deployed to which environment or a team lead looking to understand the average time it takes for your team to go from idea to production within a certain project, you’ll find your answer in the Deployments in Jira tab,” the company explains.

The last two features, only available in the pricier and more enterprisey Jira Software Premium, will soon provide more in-depth metrics about deployment frequency and cycle times. The idea here is simply to provide more metrics to help teams better understand trends and identify outliers in their processes.

03 Dec 2020

MLCommons debuts with public 86,000-hour speech dataset for AI researchers

If you want to make a machine learning system, you need data for it, but that data isn’t always easy to come by. MLCommons aims to unite disparate companies and organizations in the creation of large public databases for AI training, so that researchers around the world can work together at higher levels, and in doing so advance the nascent field as a whole. Its first effort, the People’s Speech dataset, is many times the size of others like it, and aims to be more diverse as well.

MLCommons is a new non-profit related to MLPerf, which has collected input from dozens of companies and academic institutions to create industry-standard benchmarks for machine learning performance. The endeavor has met with success, but in the process the team encountered a paucity of open datasets that everyone could use.

If you want to do an apples-to-apples comparison of a Google model to an Amazon model, or for that matter a UC Berkeley model, they really all ought to be using the same testing data. With computer vision one of the most widespread datasets is ImageNet, which is used and cited by all the most influential papers and experts. But there’s no such dataset for, say, speech to text accuracy.

“Benchmarks get people talking about progress in a sensible, measurable way. And it turns out that if the goal is the move the industry forward, we need datasets we can use — but lots of them are difficult to use for licensing reasons, or aren’t state of the art,” said MLCommons co-founder and executive director David Kanter.

Certainly the big companies have enormous voice datasets of their own, but they’re proprietary and perhaps legally restricted from being used by others. And there are public datasets, but with only a few thousand hours their utility is limited — to be competitive today one needs much more than that.

“Building large datasets is great because we can create benchmarks, but it also moves the needle forward for everyone. We can’t rival what’s available internally but we can go a long way towards bridging that gap,” Kanter said. MLCommons is the organization they formed to create and wrangle the required data and connections.

The People’s Speech Dataset was assembled from a variety of sources, with about 65,000 of its hours coming from audiobooks in English, with the text aligned with the audio. Then there are 15,000 hours or so sourced from around the web, with different acoustics, speakers, and styles of speech (for example conversational instead of narrative). 1,500 hours of English audio were sourced from Wikipedia, and then 5,000 hours of synthetic speech of text generated by GPT-2 were mixed in (“A little bit of the snake eating its own tail,” joked Kanter). 59 languages in total are represented in some way, though as you can tell it is mostly English.

Although diversity is the goal — you can’t build a virtual assistant in Portuguese from English data — it’s also important to establish a baseline for what’s needed for present purposes. Is 10,000 hours sufficient to build a decent speech-to-text model? Or does having 20,000 available make development that much easier, faster, or effective? What if you want to be excellent at American English but also decent with Indian and English accents? How much of those do you need?

The general consensus with datasets is simply “the larger the better,” and the likes of Google and Apple are working with far more than a few thousand hours. Thus the 86,000 hours in this first iteration of the dataset. And it is definitely the first of many, with later versions due to branch out into more languages and accents.

“Once we verify we can deliver value, we’ll just release and be honest about the state it’s in,” explained Peter Mattson, another co-founder of MLCommons and currently head of Google’s Machine Learning Metrics Group. “We also need to learn how to quantify the idea of diversity. The industry wants this; we need more dataset construction expertise — there’s tremendous ROI for everybody in supporting such an organization.”

The organization is also hoping to spur sharing and innovation in the field with MLCube, a new standard for passing models back and forth that takes some of the guesswork and labor out of that process. Although machine learning is one of the tech sector’s most active areas of research and development, taking your AI model and giving to someone else to test, run, or modify isn’t as simple as it ought to be.

Their idea with MLCube is a wrapper for models that describes and standardizes a few things, like dependencies, input and output format, hosting and so on. AI may be fundamentally complex, but it and the tools to create and test it are still in their infancy.

The dataset should be available now, or soon, from MLCommons’ website, under the CC-BY license, allowing for commercial use; a few reference models trained on the set will also be released.

03 Dec 2020

Space startup Aevum debuts world’s first fully autonomous orbital rocket launching drone

Launching things to space doesn’t have to mean firing a large rocket vertically using massive amounts of rocket-fuel powered thrust – startup Aevum breaks the mould in multiple ways, with an innovative launch vehicle design that combines uncrewed aircraft with horizontal take-off and landing capabilities, with a secondary stage that deploys at high altitude and can take small payloads the rest of the way to space.

Aevum’s model actually isn’t breaking much new ground in terms of its foundational technology, according to founder and CEO Jay Skylus, who I spoke to prior to today’s official unveiling of the startup’s Ravn X launch vehicle. Skylus, who previously worked for a range of space industry household names and startups including NASA, Boeing, Moon Express and Firefly, told me that the startup has focused primarily on making the most of existing available technologies to create a mostly reusable, fully automated small payload orbital delivery system.

To his point, Ravn X doesn’t look too dissimilar from existing jet aircraft, and bears obvious resemblance to the Predator line of UAVs already in use for terrestrial uncrewed flight. The vehicle is 80 feet long, and has a 60-foot wingspan, with a total max weight of 55,000 lbs including payload. 70% of the system is fully reusable today, and Skylus says that the goal is to iterate on that to the point where 95% of the launch system will be reusable in the relatively near future.

Image Credits: Aevum

Ravn X’s delivery system is design for rapid response delivery, and is able to get small satellites to orbit in as little as 180 minutes – with the capability of having it ready to fly and deliver another again fairly shortly after that. It uses traditional jet fuel, the same kind used on commercial airliners, and it can take off and land in “virtually any weather,” according to Skylus. It also takes off and lands on any 1-mile stretch of traditional aircraft runway, meaning it can theoretically use just about any active airport in the world as a launch and landing site.

One of they key defining differences of Aevum relative to other space launch startups is that what they’re presenting isn’t theoretical, or in development – the Ravn X already has paying customers, including over $1 billion in U.S. government contracts. It’s first mission is with the U.S. Space Force, the ASLON-45 small satellite launch mission, and it also has a contract for 20 missions spanning 9 years with the U.S. Air Force Space and Missile Systems Center.  Deliveries of Aevum’s production launch vehicles to its customers have already begun, in fact, Skylus says.

The U.S. Department of Defense has been actively pursuing space launch options that provide it with responsive, short turnaround launch capabilities for quite some time now. That’s the same goal that companies like Astra, which was originally looking to win the DARPA challenge for such systems (since expired) with its Rocket small launcher. Aevum’s system has the added advantage of being essentially fully compatible with existing airfield infrastructure – and also of not requiring that human pilots be involved or at risk at all, as they are with the superficially similar launch model espoused by Virgin Orbit.

Aevum isn’t just providing the Ravn X launcher, either; its goal is to handle end-to-end logistics for launch services, including payload transportation and integration, which are parts of the process that Skylus says are often overlooked or underserved by existing launch providers, and that many companies creating payloads also don’t realize are costly, complicated and time-consuming parts of actually delivering a working small satellite to orbit. The startup also isn’t “re-inventing the wheel” when it comes to its integration services – Skylus says they’re working with a range of existing partners who all already have proven experience doing this work but who haven’t previously had the motivation or the need to provide these kinds of services to the customers that Skylum sees coming online, both in the public and private sector.

The need isn’t for another SpaceX, Skylus says; rather, thanks to SpaceX, there’s a wealth of aerospace companies who previously worked almost exclusively with large government contracts and the one or two massive legacy rocket companies to put missions together. They’re now open to working with the greatly expanded market for orbital payloads, including small satellites that aim to provide cost-effective solutions in communications, environmental monitor, shipping and defense.

Aevum’s solution definitely sounds like it addresses a clear and present need, in a way that offers benefits in terms of risk profile, reusability, cost and flexibility. The company’s first active missions will obviously be watched closely, by potential customers and competitors alike.

03 Dec 2020

Android’s winter update adds new features to Gboard, Maps, Books, Nearby Share and more

Google announced this morning Android phones will receive an update this winter that will bring some half-dozen new features to devices, including improvements to apps like Gboard, Google Play Books, Voice Access, Google Maps, Android Auto, and Nearby Share. The release is the latest in a series of update bundles that now allow Android devices to receive new features outside of the usual annual update cycle.

The bundles may not deliver Android’s latest flagship features, but they offer steady improvements on a more frequent basis.

One of the more fun bits in the winter update will include a change to “Emoji Kitchen,” the feature in the Gboard keyboard app that lets users combine their favorite emoji to create new ones that can be shared as customized stickers. To date, users have remixed emoji over 3 billion times since the feature launched earlier this year, Google says. Now, the option is being expanded. Instead of offering hundreds of design combinations, it will offer over 14,000. You’ll also be able to tap two emoji to see suggested combinations or double tap on one emoji to see other suggestions.

Image Credits: Google

This updated feature had been live in the Gboard beta app, but will now roll out to Android 6.0 and above devices in the weeks ahead.

Another update will expand audiobook availability on Google Play Books. Now, Google will auto-generate narrations for books that don’t offer an audio version. The company says it worked with publishers in the U.S. and U.K. to add these auto-narrated books to Google Play Books. The feature is in beta but will roll out to all publishers in early 2021.

An accessibility feature that lets people use and navigate their phone with voice commands, Voice Access, will also be improved. The feature will soon leverage machine learning to understand interface labels on devices. This will allow users to refer to things like the “back” and “more” buttons, and many others by name when they are speaking.

The new version of Voice Access, now in beta, will be available to all devices worldwide running Android 6.0 or higher.

An update for Google Maps will add a new feature to one of people’s most-used apps.

In a new (perhaps Waze-inspired) “Go Tab,” users will be able to more quickly navigate to frequently visited places — like a school or grocery store, for example — with a tap. The app will allow users to see directions, live traffic trends, disruptions on the route, and gives an accurate ETA, without having to type in the actual address. Favorite places — or in the case of public transit users, specific routes — can be pinned in the Go Tab for easy access. Transit users will be able to see things like accurate departure and arrival times, alerts from the local transit agency, and an up-to-date ETA.

Image Credits: Google

One potentially helpful use case for this new feature would be to pin both a transit route and driving route to the same destination, then compare their respective ETAs to pick the faster option.

This feature is coming to both Google Maps on Android as well as iOS in the weeks ahead.

Android Auto will expand to more countries over the next few months. Google initially said it would reach 36 countries, but then updated the announcement language as the timing of the rollout was pushed back. The company now isn’t saying how many countries will gain access in the months to follow or which ones, so you’ll need stay tuned for news on that front.

Image Credits: Google

The final change is to Nearby Share, the proximity-based sharing feature that lets users share things like links, files, photos and and more even when they don’t have a cellular or Wi-Fi connection available. The feature, which is largely designed with emerging markets in mind, will now allow users to share apps from Google Play with people around them, too.

To do so, you’ll access a new “Share Apps” menu in “Manage Apps & Games” in the Google Play app. This feature will roll out in the weeks ahead.

Some of these features will begin rolling out today, so you may receive them earlier than a timeframe of several “weeks,” but the progress of each update will vary.