Category: UNCATEGORIZED

29 Aug 2019

Urbvan raises $9 million for its private shuttle service in Mexico

As cities in emerging markets grapple with increasingly traffic-clogged and dangerous streets, Urbvan, a startup providing private, high-end transportation shuttles in Mexico, has raised $9 million in a new round of financing.

Co-founded by Joao Matos Albino and Renato Picard, Urbvan is taking the reins from startups like the now-defunct Chariot and tailoring the business for the needs of emerging market ecosystems.

Hailing from Portugal, Albino arrived in Mexico City as a hire for the Rocket Internet startup Linio. Although Linio didn’t last, Albino stayed on in Mexico eventually landing a job working for the startup Mercadoni, which is where he met Picard.

The two men saw the initial success of Chariot as it launched from Y Combinator, but were also tracking companies like the Indian startup Shuttl.

“We wanted to make shared mobility more accessible and a little bit more efficient,” says Albino. “We studied the economics and we studied the market and we knew there was a huge urgency in the congested cities of  Latin America.”

Unlike the U.S. — and especially major cities like San Francisco and New York — where public transportation is viewed as relatively safe and efficient, the urban environment of Mexico City is seen as not safe by the white collar workers that comprise Urbvan’s principle clientele.

The company started operating back in 2016. At the time it had five vans that it leased and retrofitted to include amenities like wi-fi and plenty of space for a limited number of passengers. Since those early days the company has expanded significantly. It now claims over 15,000 monthly users and a fleet of 180 vans.

Urbvan optimized for safety as well as comfort, according to Albino. The company has deals with WeWork, Walmart and other retailers in Mexico City so that all . of the stops on t he route are protected and safe. The company also vets its drivers and provides them with additional training because of the expanded capacity of the vans.

Each van is also equipped with a panic button and cameras inside and outside of the van for additional monitoring.

Customers either pay $3 per ticket or sign up for a monthly pass that ranges from $100 to $130.

Financing for the company came from Kaszek Ventures and Angel Ventures with previous investor Mountain Nazca also participating.

For Albino, who went to India to observe Shuttl’s operations, the global market for these kinds of services is so large that there will be many winners in each geography.

“Each city is different and you need to adapt. The technology needs to be adaptable to the city’s concerns . and where it can . add more value,” says Albino. “The Indian market is super different from Latin America.. It’s a huge market with a lot of congestion… But the value proposition is a bit more basic [for Shuttl].”

Urbvan is currently operating in Mexico City and Monterrey, but has plans to expand into Guadalajara later this year.

29 Aug 2019

‘The Operators’: Finance in startups with Duda CFO Stephanie Hsiung and Zeus Living’s Head of Finance Mark Kang

Welcome to this transcribed edition of The Operators. The Operators features insiders from companies like Airbnb, Brex, Calm, Facebook, Google, Lyft, Slack, Uber, WeWork, and Zeus Living sharing their stories and tips on how to break into fields like marketing and product management. They also share best practices for entrepreneurs on how to hire and manage experts from domains outside their own.

This week’s edition features two finance experts with experience from Calm, AdRoll, Morgan Stanley, Change.org, Zeus Living, and Duda. Listen in as they unpack how to build a career in finance at a tech startup and how founders should be thinking about hiring and managing this function.

Stephanie Hsiung is the CFO of Duda, a new and exciting enterprise website builder. Prior to taking the CFO role at Duda, Stephanie served as the VP of Finance at Calm, the leading meditation and mental wellness app and recent unicorn. She was also previously the VP of Finance at Change.org, and was at AdRoll before that.

Mark Kang is the Head of Finance at Zeus Living, which is one of the fastest-growing providers of furnished housing for business travelers. He brings experience from venture capital, banking at Morgan Stanley, where he managed IPOs, and also spent time at Barclays.

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Mark Kang, Neil Devanie, Stephanie Hsiung. Image via The Operators

Neil Devani and Tim Hsia created The Operators after seeing and hearing too many heady, philosophical podcasts about the future of tech, and not enough attention on the practical day-to-day work that makes it all happen.

Tim is the CEO & Founder of Media Mobilize, a media company and ad network, and a Venture Partner at Digital Garage. Tim is an early-stage investor in Workflow (acquired by Apple), Lime, FabFitFun, Oh My Green, Morning Brew, Girls Night In, The Hustle, Bright Cellars, and others.

Neil is an early-stage investor based in San Francisco with a focus on companies building stuff people need, solutions to very hard problems. Companies he’s invested in include Andela, Clearbit, Kudi, Recursion Pharmaceuticals, Solugen, and Vicarious Surgical.

If you’re interested in starting or accelerating your marketing career, or how to hire and manage this function, you can’t miss this episode!

The show:

The Operators features insiders from companies like Airbnb, Brex, Calm, Facebook, Google, Lyft, Slack, Uber, WeWork, and Zeus Living sharing their stories and tips on how to break into fields like marketing and product management. They also share best practices for entrepreneurs on how to hire and manage experts from domains outside their own.

In this episode:

In Episode 6, we’re talking about finance. Neil interviews Stephanie Hsiung, the CFO of Duda, a new and exciting enterprise website builder, and Mark Kang, the Head of Finance at Zeus Living, one of the fastest-growing providers of furnished housing for business travelers.

Neil Devani: Hello and welcome to the Operators, where we talk to entrepreneurs and executives from leading technology companies like Google, Facebook, Airbnb, and Calm about how to break into a new field, how to build a successful career, and how to hire and manage talent beyond your own expertise.

We skip over the lofty prognostications from venture capitalists and storytime with founders to dig into the nuts and bolts of how it all works. Hear from the people doing the real day to day work, the people who make it all happen, the people who know what it really takes… The Operators.

Today we’re talking to two finance experts with experience in investment banking and billion-dollar tech startups. I’m your host, Neil Devani and we’re coming to you from Digital Garage here in downtown San Francisco.

Joining me today is Stephanie Hsiung, CFO of Duda, an enterprise website builder, and formerly the VP of finance at Calm, the leading meditation and mental wellness app. She was also the VP of Finance at Change.org and AdRoll before that.

Also joining us is Mark Kang, Head of Finance at Zeus Living, a rising provider of furnished housing for business travels. They have 1400 homes under management in four major metro areas. Mark has experience as a venture capitalist as well and was previously a banker at Morgan Stanley and Barclays. Stephanie and Mark, thank you for joining us.

Stephanie Hsiung: Thank you for having us.

Mark Kang: Yes, thanks for having us.

29 Aug 2019

MIT’s new thread-like robots could travel through blood vessels in the brain for more effective surgery

MIT has developed robotic thread that could make existing the least invasive current brain surgery techniques even less so, and potentially make it easier and more accessible to treat brain blood vessel issues like blockages and lesions than can cause aneurysms and strokes.

The new development from MIT researchers combines robotics with current endovascular (ie. within blood vessel) surgery techniques, reducing the risks associated with guiding incredibly thin wires through complicated brain blood vessel pathways. Today, this type of procedure, which is much less invasive than past methods of brain surgery, nonetheless requires an incredibly skilled surgeon to guide the wire manually. It’s a very diffucl surgery for surgeons, and it also means that they’re exposed to radiation from the X-rays required to provide a view of the path they’re weaving through the patient’s brain.

These ‘robot-threads’ developed by MIT takes research done on so-called ‘hydrogels,’ which are materials made mostly of water that work well within the human body. At the thread’s core is a material called ‘nitinol’ that can bend, and is springy, meaning it has a natural tendency to spring back to its original shape when bent.

The material is coated in an ink-like substance, which is then bonded with a hydrogel, regulating in a magnetically manipulable material that can still surviving within the human body. Using a large magnet, the researchers could then steer the thread through a demonstration obstacle course they built to show off how it could work in a surgical situation.

MIT’s researchers also note that you can modify the core construction of the robot threads with other materials to serve different functions, and showed this by replacing the nitinol at its centre with a fiber optic filament, which in practice could be used to transmit laser light to blast away a blockage in a brain blood vessel.

The tech could be put to use to make it so that surgeons can operate the threads from a safe distance – or even remotely. This would not only be safer for the doctors, but could also open up more access to this highly specialized kind of surgery for patients, too.

29 Aug 2019

Mozilla CEO Chris Beard will step down at the end of the year

Chris Beard announced via blog post today his plans to step down as Mozilla Corporation CEO at the end of 2019. Beard joined the web software company in 2004, remaining an employee since then, with the exception of 2103, when he left to become Greylock’s “executive-in-residence,” while remaining on as an advisor.

Beard was appointed interim CEO for Mozilla in April 2014, coming on as full time chief executive in July of that same year. The company has seen a bit of a resurgence in recent years, after having ceded much of its browser marketshare to the likes of Google and Apple. Firefox has undergone something of a renaissance over the past year, as have the company’s security tools.

“Today our products, technology and policy efforts are stronger and more resonant in the market than ever, and we have built significant new organizational capabilities and financial strength to fuel our work,” Beard said in the blog post. “From our new privacy-forward product strategy to initiatives like the State of the Internet we’re ready to seize the tremendous opportunity and challenges ahead to ensure we’re doing even more to put people in control of their connected lives and shape the future of the internet for the public good.”

Mozilla is currently seeking a replacement for Beard, though he’s agreed to stay on through year’s end. Executive chairwoman Mitchell Baker announced in her own post that she’s agreed to step into an interim role if needed.

“One of the accomplishments of Chris’ tenure is the strength and depth of Mozilla Corporation today. The team is strong. Our organization is strong, and our future full of opportunities,” Baker said. “It is precisely the challenges of today’s world, and Mozilla’s opportunities to improve online life, that bring so many of us to Mozilla. I personally remain deeply focused on Mozilla. I’ll be here during Chris’ tenure, and I’ll be here after his tenure ends. I’m committed to Mozilla, and to making serious contributions to improving online life and developing new technical capabilities that are good for people.”

29 Aug 2019

Facebook rolls out new business tools for Messenger, kills the ‘Discover’ tab

Facebook today is formally rolling out a new suite of tools for its 40 million active businesses on Messenger, including appointment booking, lead generation, and others announced earlier this year at its F8 developer conference. As a part of these changes, Facebook will also begin to phase out the Discover tab in Messenger — a feature that became home to both games and businesses following last fall’s redesign.

Today, Facebook says the Discover tab will be pulled from the Messenger app over the next several months. Instead, it will invest in making sure Facebook users are directed to interact with businesses via Messenger in other ways.

“We want to make it more seamless for people to reach out to businesses on Messenger in places where they’re already looking to connect,” explains Facebook, of its decision to kill off the Discover feature. “We will put more investment into tools to connect people and businesses – including updates to m.me linksweb plugins, various entry points across our family of apps, as well as ad products – that lead to Messenger,” the company says.

In terms of its new business tools, the lead generation product will launch as a Messenger template within Facebook Ads Manager this week. The template lets businesses create automated experiences to help qualify their leads in Messenger, then continue conversations in the app or integrate with existing CRM tools to track the leads further.

The feature has been in beta following F8, but will now be publicly available.

Appointment booking was announced at F8, too, but is only now launching into beta with select developers and businesses. This feature allows businesses to accept appointment requests and make bookings in real-time through Messenger. It also integrates with existing calendar booking software, and can help Messenger conversations be turned into in-store traffic, as well as online and phone appointments, the company says.

The feature will be launched globally to all developers later in the year.

Another update mentioned today involves plans to launch improved event reporting in Messenger later this year, which will allow businesses to report and track their Messenger conversations.

Plus, Facebook says it’s updating the Standard Messaging window for businesses to 24 hours (which is how long they have to respond to inquiries from customers.) This brings it in-line with WhatsApp’s window.

messenger biz 2

After 24 hours, businesses can still use sponsored messages to re-engage customers, and message tags (e.g. updates on purchases, event reminders, changes to their account, and now in closed beta, “human agent,” which will let agents respond to issues that need resolution after the standard messaging window closes.)

Messenger’s Subscription Messaging beta program, meanwhile, is changing today as well.

It’s now going to be limited to “vetted news organizations.” This came about because some businesses were using the feature in violation of Facebook’s guidelines, the company admitted. The feature is designed to send regular news updates to subscribers. The timing of this change is somewhat interesting, as Facebook is preparing to relaunch efforts to feature top news stories on its social network, this time vetted by journalists and featuring content Facebook pays for. There’s room for some interoperability here between the news product and subscriptions/updates, but it’s not clear if or how that will come to pass.

Of course, the biggest Messenger consumer news from F8 — a desktop app for Mac and PC — hasn’t yet come to pass, but is expected sometime this year.

 

 

29 Aug 2019

Launching from beta, ProGuides is making money ensuring that gamers never play alone

When ProGuides pulled the covers off of its service earlier this year, the young Los Angeles-based startup intended to give gamers a way to train with professional and semi-pro esports players from around the world.

But as users signed on to the service, it became clear that they weren’t looking for training necessarily… Instead what players wanted was a ringer.

“After we launched the beta, we found some interesting user behavior,” says Sam Wang. “We found that gamers who were experienced already and wanted experienced players who are better than [the matches] the game can provide… At the end of the day you do get to play with someone pretty awesome and is something that i think  can make games better.

That’s right, ProGuides is pitching a marketplace for experienced gamers so that its customers aren’t randomly matched with some noob if they can’t game with their usual partners.

“Our tagline is ‘Play with pros’ now,” says Wang. “We already have over 5,000 sessions that were played in the last two months.”

The professional gamers who list their services on the site charge an average of $10 per session and ProGuides takes about a 25% cut. The company lowers its rates for popular gamers or gamers who are willing to spend more time on the platform either selling their services or actually coaching esports players.

Wang says that that pros on the platform are making anywhere from $750 to $2500 per month and that there are currently 250 coaches on the platform.

A typical session on ProGuides lasts around 45 minutes and players are available for Fortnite, League of Legends.  Super Smash Brothers, CS:GO and Hearthstone

ProGuides raised $1.9 million in pre-seed funding last June. The company is backed by Amplify, an LA-based early stage investor and company accelerator, Quest Venture Partners, Greycroft Tracker fund and the GFR Fund.

The LA-based company also has some venture-backed competition on the East Coast. Gamer Sensei, which has raised roughly $6 million (according to CrunchBase) has a similar proposition. It’s backed by Accomplice and Advancit Capital.

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29 Aug 2019

Juul introduces new POS standards to restrict sales to minors

Juul Labs, the e-cigarette behemoth partially owned by Altria, has today announced a new POS age-verification system that it will require all Juul retailers to comply with by May 2021.

The Retail Access Control Standards program, or RACS for short, raises the standard for age-restricted POS systems, automatically locking the POS each time a Juul product is scanned until a valid, adult ID is scanned. The system also looks for bulk purchases (four four-count packs of Juul Pods is the legal limit for a single transaction) and locks when the fifth Juul Pod pack is scanned, automatically removing the fifth pack from the customer’s cart.

Thus far, more than 50 retail chains, which represents 40,000 outlets, have committed to switching over to RACS, with 7,000 stores in the process of switching now and 15,000 to have implemented the technology by 2019’s end. The deadline for switching over to the RACS system is May 2021, at which point Juul will only sell its products to RACS-compliant retailers.

The company recognizes that overhauling a POS can be costly and difficult, and is offering $100 million+ in incentives to retailers who switch over. For retailers with newer POS systems, the switch might only require a software update, while others may need to update their hardware, as well.

Now, the system isn’t foolproof. After an ID is scanned, all personal information is automatically deleted from the system, which means that bad actors/unauthorized resellers could amass a bulk amount of Juul products by visiting various stores or returning to the same store multiple times.

However, this is likely just the beginning for the RACS program, which for the first time gives Juul much more control around how their products move through the market, ultimately limiting the opportunity for Juul products to end up in the hands of minors.

Alongside the introduction of RACS, Juul is also expanding the Track & Trace program it piloted in April in the Houston area.

Track and Trace allows teachers, parents, law enforcement and otherwise responsible adults to log the serial number of confiscated Juul devices, giving Juul the information it needs to track that device through the supply chain and identify the store where it was sold.

Using Juul’s 2,000 shopper-strong secret shopper program, the company can then specifically target those stores and shut down the illegal sale of Juul devices to minors.

Today, Track and Trace is expanding nationwide in the U.S.

While these are major steps in combating underage use of Juul products, the company itself admits that it believes youth vaping numbers will continue to rise.

From the release:

It is our expectation that this year’s survey, unfortunately, will likely show continued growth in youth use of vapor products in the U.S. If this turns out to be the case, it will be due in part to the fact that:

  • When this year’s NYTS data was collected, T21 laws were being passed in a dozen states but had not been implemented
  • Little to no category-wide actions have been taken as FDA is finalizing its guidance that, once implemented, should impose additional restrictions on the sale and marketing of certain flavored vapor products — actions that we voluntarily imposed on ourselves last November

In November 2018, Juul announced its Youth Prevention Plan ahead of the FDA’s crackdown on e-cig products. It included the ban of flavored Juul pod sales in convenience stores and other Juul-approved retailers, limiting the sale of non-tobacco and non-menthol flavored pods to its online storefront. Juul says this represented 50 percent of its revenue at the time. The company also took down its Facebook and Instagram pages, and revamped its Twitter to ditch any promotional or marketing content from the platform.

Still, even with the many steps the company has taken to limit youth use of the product, one of Juul’s biggest obstacles is the sale of counterfeit and infringing products, which may include dangerous and/or unknown chemicals. The company hired former Apple employee Adrian Punderson to help lead the fight against counterfeits in February.

As of December 2018, Juul was reportedly valued at $38 billion, estimated to own more than 70 percent of the e-cig market.

29 Aug 2019

Mews grabs $33M Series B to modernize hotel administration

If you think about the traditional hotel business, there hasn’t been a ton of innovation. You mostly still stand in a line to check in, and sometimes even to check out. You let the staff know about your desire for privacy with a sign on the door. Mews believes it’s time to rethink how hotels work in a more modern digital context, especially on the administrative side, and today it announced a $33 million Series B led by Battery Ventures.

When Mews Founder Richard Valtr started his own hotel in Prague in 2012, he wanted to change how hotels have operated traditionally. “I really wanted to change the way that hotel systems are built to make sure that it’s more about the experience that the guest is actually having, rather than facilitating the kind of processes that hotels have built over the last hundred years,” Valtr told TechCrunch.

He said most of the innovation in this space has been in the B2C area, using Airbnb as a prime example. He wants to bring that kind of change to the way hotels operate. “That’s essentially what Mews is trying to do. [We want to shift the focus to] the fundamental things about why we love to travel and why people actually love to stay in hotels, experience hotels, and be cared for by professional staff. We are trying to do that in a way that that actually delivers a really meaningful experience and personalized experience to that one particular customer,” he explained.

For starters, Mews is a cloud-based system that automates a lot of the manual tasks like room assignments that hotel staff at many hotels often still have to handle as part of their jobs. Valtr believes by freeing the staff from these kinds of tedious activities, it enables them to concentrate more on the guests.

It also offers ways for guests and hotels to customize their stays to get the best experience possible. Valtr says this approach brings a new level of flexibility that allows hotels to create new revenue opportunities, while letting guests choose the kind of stay they want.

From a guest perspective, they could by-pass the check-in process altogether, sharing all of their registration details ahead of time, and then getting a pass code sent to their phone to get into the room. The system integrates with third-parting hotel book sites like Booking.com and Expedia, as well as other services, through its open hospitality API, which offers lots of opportunities for properties to partner with local businesses.

The company is currently operating at 1000 properties across 47 countries, but it lacks a presence in the US and wants to use this round to open an office in NYC and expand into this market.”We really want to attack the US market because that’s essentially where most of the decision makers for all of the major chains are. And we’re not going to change the industry if we don’t actually change the thinking of the biggest brands,” Valtr said.

Today, the company has 270 employees spread across 10 offices around the world. Headquarters are in Prague and London, but the company is in the process of opening that NYC office, and the number of employees will expand when that happens.

29 Aug 2019

Spotify aims to turn podcast fans into podcast creators with ‘Create podcast’ test

Spotify is testing a new ‘Create podcast’ feature that shows up atop a user’s list of their subscribed podcasts in the app interface, as first uncovered by Jane Manchung Wong (@wongmjane) (via Engadget). The button then provides a takeover promotion directing users to download Anchor, the podcast creation app that Spotify acquired in February.

This is yet another example of the investment that Spotify is making in podcasts – both their consumption and their creation. The subscription streaming company also unveiled a new analytics dashboard for podcasts earlier this year, and released it to all creators earlier in August. Because the company is also primarily a music streaming service, these insights include showing podcast creators what artists their listeners primarily gravitate towards.

Spotify has also launched a personalized playlist that mixes music with podcasts, opened up its podcast submission tool to all creators, and redesigned its navigation in-app to put podcasts on more equal footing with music, all in 2019 alone. The company is clearly doubling down on podcasts as a key element of its overall platform, building on a number of acquisitions on both the content and creation side.

Podcasts represent a way for Spotify to both diversify its revenue and open up a new line of business wherein it can own more of the upside, since its current licensing relationships with music labels mean it gets very little of the money paid from subscribers to its service based on their streams of songs. Especially via selling ads to creators and advertisers, Spotify stands to be able to make more from podcasts in terms of profit if it can continue to increase usage among listeners.

29 Aug 2019

Plex is launching its own ad-supported video service, starting with content from Warner Bros. TV

Streaming media company Plex this morning announced it will begin to offer ad-supported video, including movies and TV, by way of a new content agreement with Warner Bros. Domestic Television Distribution. Though Plex has more recently expanded into new areas beyond organizing home media — including streaming TV and cloud DVRs, streaming music by way of a TIDAL partnership, podcasts, news and more — this new deal represents the first time that Plex has ever offered ad-supported content on its service that will benefit its bottom line.

At the Consumer Electronics Show in January, TechCrunch broke the news that Plex was preparing to move into the ad-supported movies market.

The company at the time said it was in discussions with various rights holders and content providers, including premium networks, to bring more streaming video to its platform. Its model would be similar to Roku’s The Roku Channel, in that it would start with free, ad-supported movies and TV, then add more content, which may at some point include subscriptions.

Plex was unable to say how many movies and TV shows would be coming to Plex users by way of its licensing agreement, nor could it offer a sampling of titles due to the nature of its contract with Warner Bros. But it will have more to share on this front as the offering gets closer to launch, later this year.

The company also said it will use SpotX for programmatic ads, with more ad sales capabilities to roll out in the future. The revenue from the ad sales will be on top of what Plex already makes from its premium feature set, by way of its Plex Pass subscriptions.

Also still in the works is how, exactly, the free movies and TV will be surfaced in the Plex user interface.

Today, Plex has a left-hand side menu navigation where “online content” can be found, like TIDAL, news, podcasts, and web shows. This would be a likely destination to add the new AVOD (ad-supported video on demand) collection, but Plex may decide to redesign parts of its interface instead.

The movies and TV shows will be available to the millions of Plex users in the U.S., not just subscribers. But its larger AVOD service, which will eventually be expanded, will be global in nature.

Today, Plex has grown to around 20 million users, but it doesn’t say how many are paying customers.

“Plex has always been about solving new media challenges, and our mission is to tame the growing chaos in the media landscape,” said Keith Valory, CEO of Plex, in a statement about the launch. “Licensing these movies from Warner Bros. enables us to offer more types of third-party content than any other platform and bring it all together in one beautiful solution. Premium ad-supported movies and shows deserve first-class treatment alongside other content that consumers enjoy daily, as opposed to being orphaned in yet another stand-alone app.”