Calm raises $27M to McConaughey you to sleep

Meditation app unicorn Calm wants you to doze off to the dulcet tones of actor Matthew McConaughey’s southern drawl or writer Stephen Fry’s english accent. Calm’s Sleep Stories feature that launched last year is a hit, with over 150 million listens from its 2 million paid subscribers and 50 million downloads. While lots of people want to meditate, they need to sleep. The 7-year-old app has finally found its must-have feature that makes it a habit rather than an aspiration.

Keen to capitalize on solving the insomnia problems plaguing people around the world, Lightspeed tells TechCrunch it has just invested $27 million into a Series B extension round in Calm alongside some celebrity angels at a $1 billion valuation. The cash will help the $70 per year subscription app further expand from guided meditations into more self-help masterclasses, stretching routines, relaxing music, breathing exercises, stories for children, and celebrity readings that lull you to sleep.

Calm App

The funding adds to Calm’s $88 million Series B led by TPG that was announced in Februay that was also at a $1 billion valuation, bringing the full B round to $115 million and it’s total funding to about $141 million. Lightspeed partner Nicole Quinn confirms the fund started talks with Calm around the same time as TPG, but took longer to finish due diligence, which is why the valuation didn’t grow despite Calm’s progress since February.

“Nicole and Lightspeed are valueable partners as we continue to double down on entertainment through our content” Calm’s head of communications Alexia Marchetti tells me. The startup plans to announce more celebrity content tie-ins later this summer.

Broadening its appeal is critical for Calm amidst a crowded meditation app market including Headspace, Simple Habit, and Insight Timer plus newer entrants like Peleton’s mindfulness sessions and Journey’s live group classes. It’s become easy to find guided meditations online for free, so Calm needs to become a holistic mental wellness hub.

While it risks diluting its message by doing so much, Calm plethora of services could make it a gateway to more of your personal health spend, including therapy, meditation retreats, and health merchandise from airy clothing to yoga mats. But subscription fees alone are powering a big business. Calm quadrupled  revenue in 2018 to reach $150 million in annual revenue and profitability.

That revenue is poised to keep up it’s rapid growth. After the launch of Sleep Stories, “it was incredible to see the engagement spike up and also the retention” says Quinn. Users can choose from having McConaughey describe the wonders of the cosmosm, John McEnroe walk you through the rules of tennis, fairy tales like The Little Mermaid, and more.

Quinn tells me “Sleep Stories is now a huge percentage of the business, and also the length of time people spend on the app has gone up dramatically.” She tells me that so many startups are “trying to invent a problem where there isn’t one.” But difficulty snoozing is so widespread and detrimental that users are eager to pay for an app instead of a sleeping pill.


Source: Tech Crunch

Video platform Kaltura adds advanced analytics

You may not be familiar with Kaltura‘s name, but chances are you’ve used the company’s video platform at some point or another, given that it offers a variety of video services for enterprises, educational institutions and video on demand platforms, including HBO,  Phillips, SAP, Stanford and others. Today, the company announced the launch of an advanced analytics platform for its enterprise and educational users.

This new platform, dubbed Kaltura Analytics for Admins, will provide its users with features like user-level reports. This may sound like a minor feature, since you probably don’t care about the exact details of a given user’s interactions with your video, but it will allow businesses to link this kind of behavior to other metrics. With this, you could measure the ROI of a given video by linking video watch time and sales, for example. This kind of granularity wasn’t possible with the company’s existing analytics systems. Companies and schools using the product will also get access to time period comparisons to help admins identify trends, deeper technology and geolocation reports, as well as real-time analytics for live events.

eCDN QoS dashboard

“Video is a unique data type in that it has deep engagement indicators for measurement, both around video creation – what types of content are being created by whom, as well as around video consumption and engagement with content – what languages were selected for subtitles, what hot-spots were clicked upon in video,” said Michal Tsur, President & General Manager of Enterprise and Learning at Kaltura. “Analytics is a very strategic area for our customers. Both for tech companies who are building on our VPaaS, as well as for large organizations and universities that use our video products for learning, communication, collaboration, knowledge management, marketing and sales.”

Tsur also tells me that the company is looking at how to best use machine learning to give its customers even deeper insights into how people watch videos — and potentially even offer predictive analytics in the long run.


Source: Tech Crunch

Secret Border Patrol Facebook group is brimming with hate

At a time when immigration and border issues are foremost on Americans’ minds, the integrity of the men and women who enforce those policies is similarly important. Unfortunately, a private Facebook group for Border Patrol officers shows extremely troubling conduct — and shows the limits of such groups for those wishing to engage in bad behavior online.

Documented in a report by ProPublica, which was sent screenshots of a variety of posts and comments from it, the group is known as “I’m 10-15.” That’s code in the Border Patrol agency for “aliens in custody,” i.e. that someone attempting to cross the border illegally has been apprehended.

im1015The group has some 9,500 members; recent reports put the total number of CBP officers at about twice that, so this would seem to be a popular group — but a secret one, visible only if you are invited. ProPublica verified that some of the postings they were sent were associated with accounts owned by officers.

The content apparently posted to the group (again, this can’t be verified without joining) is pretty vile. There’s dehumanization of detained migrant children — “oh well,” commented one member on a story about the death of one Guatemalan teen.

There’s incitement to violence — suggesting some agent “throw a 10-15 burrito at one of these bitches,” referring to Representatives Escobar (D-TX) and Ocasio-Cortez (D-NY). “Fuck the hoes,” concurred another.

There’s conspiracy — one post suggests the now-famous image of the father and daughter drowned in the Rio Grande is falsified, saying “We’ve all seen the dems and liberal parties doing some pretty sick things.”

One user posted a manipulated image showing President Trump forcing Ocasio-Cortez to perform oral sex on him. Like I said, pretty vile. Here as elsewhere, the outspoken Congresswoman is a favored target for gendered abuse.

I’ve asked CBP for comment and have not yet heard back from the agency. But it seems unlikely that, with potentially half the force members of the group, that they could be completely ignorant of it or the type of content that’s being posted there.

This isn’t the only law enforcement group with hateful content out there by a long shot. The Plain View Project just posted a large database of posts it had collected from police department groups and accounts, and what’s visible there is more than a little troubling. Smaller exposures of concerning posts from individual departments or officers are commonplace.

It would be unfair to hold Facebook directly accountable for these ugly collections of xenophobic and sexist content. While objectionable they are nevertheless both protected speech and at least in some cases not prohibited by Facebook’s terms of service. Furthermore as a secret group they are unlikely to be reported by a random user, so even violating content will remain up for longer than it might if it were posted publicly.

At the same time it’s also obvious that Facebook and other online platforms provide a venue for this kind of behavior and, especially with the suddenly rediscovered focus on privacy, it is difficult to prevent or detect. The same things that make it possible for an oppressed group to communicate undetected in a totalitarian country allows a totalitarian force to communicate undetected about that oppressed group.

But it only takes one dissenter or security flub to expose the whole operation or bring down the apparatus of oversight on it, as hopefully will be the case with this CBP group. No one begrudges an industry or group the ability to grouse privately about its unique challenges, and maybe even in a way others would find grating or inappropriate. Standards differ. But when it reaches a certain level, especially among a group which we would like to hold to a higher standard of behavior, exposure and condemnation seems not only desirable but inevitable.


Source: Tech Crunch

In-depth with Freada Kapor Klein

It was more than 10 years ago when Freada Kapor Klein published her book “Giving Notice” about hidden biases. Fast forward to today, and it’s sometimes hard to say that anything has changed.

Kapor Klein, a long-time advocate for diversity, equity and inclusion in the tech industry, is the co-founding partner at Kapor Capital and co-founder of Project Include . TechCrunch had the privilege of chatting with her about diversity and inclusion over the last several years.

“I would characterize where we are now is a leap forward over the last ten years and several steps sideways and a few steps backwards,” Kapor Klein says. “And so I think it’s a very noisy time to be looking at D&I. Because any point you can make in a positive direction, there’s a countervailing negative. And similarly, any time you can raise a criticism, somebody can point to something hopeful. So, we’re still in the middle of it — I hope — although I worry about diversity fatigue, which people are talking about and writing about these days.”

What’s clear is that a comprehensive approach is needed, and in order for that to be successful, there needs to be unequivocal commitment from the top.

We also discuss the rebound effect for harassers, why heads don’t roll when companies don’t fulfill their diversity goals and where there’s hope in the push for more diversity, inclusion and equity in tech.

Editor’s Note: This interview has been edited for length and clarity.

MRD: I wanted to chat with you specifically, just because you’ve been working on this issue for more than a decade at this point. And I figured you would have some good perspective to add. So far, I’ve chatted with a handful of people and my plan is to try to see what the common themes and then go from there.

Freada Kapor Klein: Are there some, some emerging hypotheses or some emerging consensus or too early to tell?

MRD: So far, I’ve had some conversations that have centered around the heads of diversity and inclusion. And while the idea of them is great, often times, they’re not truly empowered within these companies. Looking at Google as an example, and some of the turnover they’ve seen throughout that role.

Also, I’m looking at how one of the changes has been that it’s become more acceptable to be vocal about this issue and speak out against it. But that doesn’t always translate into real work and actions, and progress being made.

And then also, of course, there are more worker-led initiatives, also using Google as an example. But then what may be the next step actually needs to be like, okay, well, you’re speaking out, you’re walking out, but now maybe it’s actually a matter of leaving these companies because the workers are the most important part of these companies. But it’s not always an option for some people who don’t come from wealth and really need these jobs. Those are kind of the high-level takeaways so far.

Freada Kapor Klein: That’s interesting, but maybe there is a call to action for those who are — I once long ago heard the term post economic.  And so maybe there is a call to action for those who are going to be the beneficiaries of the 2019 IPOs and who are in a position to vote with their feet.

MRD: Yeah, that’s a good point.

Freada Kapor Klein: So, great. Where would you like to start?

MRD: Looking back over the last ten years of your work in Silicon Valley across diversity and inclusion, what gives you hope that we’re moving in the right direction? Or, do you think we’re moving in the right direction?

Freada Kapor Klein: I would characterize where we are now is a leap forward over the last ten years and several steps sideways and a few steps backwards. And so I think it’s a very noisy time to be looking at D&I. Because any point you can make in a positive direction, there’s a countervailing negative. And similarly, any time you can raise a criticism, somebody can point to something hopeful. So, we’re still in the middle of it — I hope — although I worry about diversity fatigue, which people are talking about and writing about these days.

But I do remain hopeful for very specific reasons. And one of those is quite simply changing demographics in the US. The march of demographics is unstoppable. And we know the K 12 school-age population in the US, which has been majority kids of color for five years now. And so that is the future workforce. Changing demographics is certainly one cause for hope. And critical mass, which has been a concept around a long time in social science, has some real legitimacy.


Source: Tech Crunch

Adopting a ratings system for social media like the ones used for film and TV won’t work

Internet platforms like Google, Facebook, and Twitter are under incredible pressure to reduce the proliferation of illegal and abhorrent content on their services.

Interestingly, Facebook’s Mark Zuckerberg recently called for the establishment of “third-party bodies to set standards governing the distribution of harmful content and to measure companies against those standards.” In a follow-up conversation with Axios, Kevin Martin of Facebook “compared the proposed standard-setting body to the Motion Picture Association of America’s system for rating movies.”

The ratings group, whose official name is the Classification and Rating Administration (CARA), was established in 1968 to stave off government censorship by educating parents about the contents of films. It has been in place ever since – and as longtime filmmakers, we’ve interacted with the MPAA’s ratings system hundreds of times – working closely with them to maintain our filmmakers’ creative vision, while, at the same time, keeping parents informed so that they can decide if those movies are appropriate for their children.  

CARA is not a perfect system. Filmmakers do not always agree with the ratings given to their films, but the board strives to be transparent as to why each film receives the rating it does. The system allows filmmakers to determine if they want to make certain cuts in order to attract a wider audience. Additionally, there are occasions where parents may not agree with the ratings given to certain films based on their content. CARA strives to consistently strike the delicate balance between protecting a creative vision and informing people and families about the contents of a film.

 CARA’s effectiveness is reflected in the fact that other creative industries including televisionvideo games, and music have also adopted their own voluntary ratings systems. 

While the MPAA’s ratings system works very well for pre-release review of content from a professionally- produced and curated industry, including the MPAA member companies and independent distributors, we do not believe that the MPAA model can work for dominant internet platforms like Google, Facebook, and Twitter that rely primarily on post hoc review of user-generated content (UGC).

Image: Bryce Durbin / TechCrunch

 Here’s why: CARA is staffed by parents whose judgment is informed by their experiences raising families – and, most importantly, they rate most movies before they appear in theaters. Once rated by CARA, a movie’s rating will carry over to subsequent formats, such as DVD, cable, broadcast, or online streaming, assuming no other edits are made.

By contrast, large internet platforms like Facebook and Google’s YouTube primarily rely on user-generated content (UGC), which becomes available almost instantaneously to each platform’s billions of users with no prior review. UGC platforms generally do not pre-screen content – instead they typically rely on users and content moderators, sometimes complemented by AI tools, to flag potentially problematic content after it is posted online.

The numbers are also revealing. CARA rates about 600-900 feature films each year, which translates to approximately 1,500 hours of content annually. That’s the equivalent of the amount of new content made available on YouTube every three minutes. Each day, uploads to YouTube total about 720,000 hours – that is equivalent to the amount of content CARA would review in 480 years!

 Another key distinction: premium video companies are legally accountable for all the content they make available, and it is not uncommon for them to have to defend themselves against claims based on the content of material they disseminate.

By contrast, as CreativeFuture said in an April 2018 letter to Congress: “the failure of Facebook and others to take responsibility [for their content] is rooted in decades-old policies, including legal immunities and safe harbors, that actually absolve internet platforms of accountability [for the content they host.]”

In short, internet platforms whose offerings consist mostly of unscreened user-generated content are very different businesses from media outlets that deliver professionally-produced, heavily-vetted, and curated content for which they are legally accountable.

Given these realities, the creative content industries’ approach to self-regulation does not provide a useful model for UGC-reliant platforms, and it would be a mistake to describe any post hoc review process as being “like MPAA’s ratings system.” It can never play that role.

This doesn’t mean there are not areas where we can collaborate. Facebook and Google could work with us to address rampant piracy. Interestingly, the challenge of controlling illegal and abhorrent content on internet platforms is very similar to the challenge of controlling piracy on those platforms. In both cases, bad things happen – the platforms’ current review systems are too slow to stop them, and harm occurs before mitigation efforts are triggered. 

Also, as CreativeFuture has previously said, “unlike the complicated work of actually moderating people’s ‘harmful’ [content], this is cut and dried – it’s against the law. These companies could work with creatives like never before, fostering a new, global community of advocates who could speak to their good will.”

Be that as it may, as Congress and the current Administration continue to consider ways to address online harms, it is important that those discussions be informed by an understanding of the dramatic differences between UGC-reliant internet platforms and creative content industries. A content-reviewing body like the MPAA’s CARA is likely a non-starter for the reasons mentioned above – and policymakers should not be distracted from getting to work on meaningful solutions.


Source: Tech Crunch

It’s the end of movies as we know them (and I feel fine)

“How Will The Movies Survive The Next Ten Years?” demands the New York Times, in a series of interviews with 24 major Hollywood figures. Good question! I’ve been asking it myself, here, for six years now. Very unlike music, television, books, and home video, the theatrical movie experience has proved remarkably resistant to online disruption…

…so far.

I’ve argued before that Hollywood and Silicon Valley have many parallels: VCs are like studios, angel investors are like individual producers, founders are like directors, etcetera. However, they also have some striking differences. For most of the last 25 years, the cost to launch a groundbreaking, potentially world-shaking startup has decreased — though that may well be changing — whereas the total cost to make, market, and distribute a theatrical release has decidedly not.

Furthermore, movie theaters, built around repeat screening of 90-to-180-minute self-contained films, face new direct-to-streaming-services competition with far more range, from bingewatching 22-episode series to short clips on YouTube. Even in the arena of “movies” as we know them, this competition seems exponentially more intense every year — there’s no way “Bright” and “Bird Box” would have been direct-to-Netflix as little as five years ago — and will hit a whole new fervor with the launch of the Disney Plus launch date later this year.

We can analogize that, maybe, to some extent, to downloadable software vs. software-as-a-service. There can be only one winner, right? Right? And note that, despite the runaway successes of Avengers: Endgame and Captain Marvel, 2019’s US box office is still tracking a full 10% behind last year‘s. There may be a trend here.

It seems that Hollywood is finally aware of the change. Some striking quotes from that NYT piece: “This is the biggest shift in the content business in the history of Hollywood” — Jason Blum. “For a long time, people have been saying the business is changing, but that’s undeniable now” — JJ Abrams. “I don’t feel particularly optimistic about the traditional theatrical experience” — Jordan Horowitz, producer of La La Land. “There’s a lot more work, but it’s a lot harder to make money on anything.” — Elizabeth Banks.

…But with risk comes opportunity, especially for people who haven’t had much before.
“I’ve seen a lot of female filmmakers get opportunities at Netflix and Amazon that they haven’t gotten through the studio system. So I’m very, very happy about the new shape our industry is taking” — Jessica Chastain. ‘A really huge studio told us, “Hey, a woman of color should be the lead of this movie.” And we went, “Great!” I don’t think we would have heard that five years ago from a major studio’ — Kumail Nanjiani

Perhaps “Hollywood,” as the maker and purveyor of huge-budget, huge-footprint, in-theaters-everywhere entertainment, is indeed a dinosaur finally starting to diminish … but if streaming services are allowing more and more people to create scripted entertainment of every kind, on every budget, then their success is no bad thing. I don’t think movies are going to die. I think there will long be people like me, who so prefer the immersive experience of a theater to the in-passing one of streaming at home that we’re willing to pay for it.

But I can envision a future in which a Hollywood Movie is no longer the alpha king of cultural experiences — where, instead, shared worlds spread across many entertainment form-factors, including lower-cost ones, made by a diverse crowd of contributors, take prime position in our collective mindshare. In that future, theatrical releases become a relatively niche market compared to streaming.

In such future the theatrical business model will change, too, and rightly so. I’m still baffled why I couldn’t see the last season of Game of Thrones in any nearby theater, for instance. But there will be far more kinds of entertainment to choose from, undercutting the century-long dominance of “three acts in two hours,” from far more kinds of people. Even to a hardcore cinemaphile like me, the more I think about such a future, the more it seems better to me than the status quo.


Source: Tech Crunch

Cozycozy is an accommodation search service that works with hotels and Airbnb

French startup Cozycozy.com wants to make it easier to search for accommodation across a wide range of services. This isn’t the first aggregator in the space and probably not the last one. But this time, it isn’t just about hotels.

When you plan a trip with multiple stops, chances are you end up with a dozen tabs of different services — on Airbnb to look at listings, on a hotel review platform and on a hotel booking platform. Each service displays different prices and has a different inventory.

While there are a ton of services out there, most of them belong to just three companies: Booking Holdings (Booking.com, Priceline, Kayak, Agoda…), Expedia Group (Expedia, Hotels.com, HomeAway, Trivago…) and TripAdvisor (TripAdvisor, HouseTrip, Oyster…). They all operate many different services in order to address as many markets and as many segments as possible.

Cozycozy.com wants to simplify that process by aggregating a ton of services in a single interface — you can find hotels, Airbnb listings, campsites, hostels, boats, home-exchanging apartments… You can filter your results by price or you can exclude some accommodation styles.

The company doesn’t work with hotels and doesn’t handle bookings directly. Instead, the service searches across all the usual suspects. When you want to book, you get redirected to the original listing on Airbnb, Booking.com, Hostelworld, etc.

The startup recently raised a $4.5 million funding round (€4 million) from Daphni, CapDecisif, Raise and many different business angels, such as Xavier Niel, Thibaud Elzière and Eduardo Ronzano.

Cozycozy.com co-founder and chairman Pierre Bonelli also previously founded Liligo.com. It is one of the most popular flight comparison website in France. It was acquired by SNCF in 2010 and then eDreams ODIGEO in 2013.

cozycozy com page de resultats


Source: Tech Crunch

Week-in-Review: Auditing a dark age in Apple design

Hello, weekend readers. This is Week-in-Review where I give a heavy amount of analysis and/or rambling thoughts on one story while scouring the rest of the hundreds of stories that emerged on TechCrunch this week to surface my favorites for your reading pleasure.

Last week, I talked about how YouTube was letting its commenting system turn from a festering wasted opportunity into a liability.


Screen Shot 2019 06 28 at 8.37.42 PM

The big story

Plenty happened this week, though most of the news signified something larger looming on the horizon, more on that in a bit.

One undoubtedly meaty news item was that Jony Ive, Apple’s most iconic executive persona, announced that he was leaving the company this year.

Ive has undoubtedly been a powerhouse of industrial design who has helped craft some of the most iconic products from one of the most influential tech companies. The issue is perhaps what Apple’s vision of industrial design transformed into in his final years at the helm.

Jony Ive is leaving Apple to launch a new firm

Ive shifted away from managerial roles in 2015, but the Chief Design Officer’s influence has been evident it the past several years of very beautiful devices designed around the occasional flawed hypothesis.

Poor design is more than the oft-memed Apple Pencil jutting out of an iPad lightning port or the Mighty Mouse with a charger piercing its underbelly. The company’s aesthetic choices in how they curve their screens or shape their aluminum have stayed true but you don’t have to look too far to find a pattern of carelessness in a number of Apple’s devices which occasionally have prioritized svelte profiles over actually even working.

Ive is design genius, but like all people we elevate with that title, he and his design ethos grew further disassociated with the public over time. All designers miss the mark occasionally, but an obsession with minimalism pushed the company in some troublesome directions that the company is only now coming to reckon with.

Apple’s design degradation is perhaps nowhere more visible than in the ill-fated AirPower. The device, which designed to charge your iPhone, AirPods and Apple Watch simultaneously, was beautiful, but Apple’s aggressive design left physics in the rearview mirror. Ambition is one thing but letting function drive form to the point that you publicly announce a product that wasn’t physically possible showcases where Apple’s marketing showmanship butt heads with actual device capabilities. Apple abruptly cancelled AirPower this year, more than a year after its expected release.

If AirPower was a pithy signifier, the degradation of the company’s Mac line has been Apple’s abasement opus.

The problematic keyboards, the useless TouchBar and the shrinking number of ports on its laptops have defined the past five years of the company’s laptop line. There isn’t much that needs to be said about the anti-consumer design decisions that took Apple’s best generation of the MacBook Pro in the 2011/2012 era and cursed it with an unneeded rethinking.

The about-face that the company took on its Mac Pro line shows just how misguided its thinking was and how Ive and company let innovative design poison the good will it had built up with customers. The company’s 2019 line is a total rejection of the 2013 trash can which showcased some major design hubris.

These missteps don’t fundamentally complicate the legacy of Ive or Apple. The past decade has also seen thoughtful designs take shape from the Apple Watch to the iPhone X to the iPad Pro, but industrial design is a means to an end and the manner in which Apple has determined where the customer fits into its design ethos could perhaps use some rethinking as the company enters a new design era.

Send me feedback
on Twitter @lucasmtny or email
lucas@techcrunch.com

On to the rest of the week’s news.

space starship 4

Trends of the week

Here are a few big news items from big companies, with green links to all the sweet, sweet added context.

  • SpaceX preps for a Starship payday
    Elon Musk is still trying to get SpaceX’s Starship off the ground, but the company’s leadership is already planning for the reusable rocket’s commercial heyday. Read more about the aggressive timeline here.
  • SF throws Juul the bird
    San Francisco doesn’t always operate on the right side of interacting with new technologies and startups, but the city government took final steps to be the first city to ban sales of electronic cigarettes, taking aim at Juul, which seems to be one of the more morally bankrupt SF startups out there. Read more on the ban here.
  • Reddit takes steps to isolate r/The_Donald
    Reddit has had a tough time growing up over the past several years, part of that has been a handful of problem communities on the site. This week, Reddit took the unique step of quarantining r/The_Donald after threats against public officials and members of the police. Read more about the quarantine here.
  • Tesla’s cell jealousy
    Tesla electric vehicles are awfully reliant on Panasonic’s battery cells and the company is investigating how it can reduce that dependency, though the company’s significant demands suggest that even if they succeed in the aggressive move, it would take an awful long time to scale to meet their needs. Read more on the report here.

GAFA Gaffes

How did the top tech companies screw up this week? This clearly needs its own section, in order of badness:

  1. Facebook’s head of spin makes a push:
    [Facebook makes another push to shape and define its own oversight]
  2. FB isn’t sure what to do:
    [Facebook’s content oversight board plan is raising more questions than it answers]

Extra Crunch

Our premium subscription service had another week of interesting deep dives. We had a story that should be interesting to a lot of younger founders that are scaling their entrepreneurial ambitions while they’re still in classes.

How to scale a startup in school

“…Once you have a job in an industry you want to be in, network like your life depends on it. Get to know the talented people around you and try to help them as much as you can…”

Here are some of our other top reads this week for premium subscribers. This week, we talked a bit about the future of marketplaces and you should think about naming your startup.

Want more TechCrunch newsletters? Sign up here.


Source: Tech Crunch

Equity transcribed: SoftBank-backed startup cracks under pressure to scale

Welcome back to the transcribed edition of the popular podcast Equity. This week, TechCrunch writers Kate Clark and Connie Loizos were joined in the studio by Canvas Ventures’ general partner Rebecca Lynn.

This week, the crew talked about the big rounds raised by shoe resale marketplace StockX, which raised  $110 million at a $1 billion valuation. And Cameo, which provides personally recorded messages by celebrities and influencers to whomever will pay for them, raised $50 million at a reported $300 million valuation.

The group then discussed Brandless and the amount of money that SoftBank poured into it. Being the recipient of such large sums at an early age adds a lot of pressure to produce.

Kate Clark: …Brandless raised this $240 million round, only one year after launching. So they’re a very young company. And now fast forward another year, SoftBank is pressuring them to be profitable. But right now they’re only two years old. So I mean, what two year old startup is even at that point?

Rebecca Lynn: Well and what other SoftBank company is profitable?

Clark: Yeah.

Connie Loizos: Right.

Lynn: So I think when you look at this, I think for me as an investor, I don’t know the ins and outs of what’s happening here exactly. But for me this just really underscores the importance of having a very aligned set of goals and missions and values and everything else, when you sign up to work with an investor, right? I mean the company and the investor have to be sort of in lockstep. And when you have an investor that hasn’t been around for a really long time and you don’t know how they’re going to behave really in a downturn or when the company runs into bumps.

And I think that kind of behavior sort of through the highs and the lows is a really important thing that founders and other investors need to take a very close look at.

And finally they talked about WeWork’s latest acquisition, Waltz, a smartphone app and reader that allows users to enter different properties with a single credential.

Want more Extra Crunch? Need to read this entire transcript? Then become a member. You can learn more and try it for free. 


Source: Tech Crunch

Researchers developed a sensing system to constantly track the performance of workers

Researchers have come up with a mobile-sensing system that can track and rate the performance of workers by combining a smartphone, fitness bracelets and a custom app.

The mobile-sensing system, as the researchers call it, is able to classify high and low performers. The team used the system to track 750 U.S. workers for one year. The system was able to tell the difference between high performers and low performers with 80% accuracy.

The aim, the researchers say, is to give employees insight into physical, emotional and behavioral well-being. But that constant flow of data also has a downside, and if abused, can put employees under constant surveillance by the companies they work for.

The researchers, including Dartmouth University computer science professor Andrew Campbell, whose earlier work on a student monitoring app provided the underlying technology for this system, see this as a positive gateway to improving worker productivity.

“This is a radically new approach to evaluating workplace performance using passive sensing data from phones and wearables,” said Campbell. “Mobile sensing and machine learning might be the key to unlocking the best from every employee.”

The researchers argue that the technology can provide a more objective measure of performance than self-evaluations and interviews, which they say can be unreliable.

The mobile-sensing system developed by the researchers has three distinct pieces. A smartphone tracks physical activity, location, phone use and ambient light. The fitness tracker monitors heart functions, sleep, stress and body measurements like weight and calorie consumption. Meanwhile, location beacons placed in the home and office provide information on time at work and breaks from the desk.

From here, cloud-based machine learning algorithms are used to classify workers by performance level.

The study found that higher performers typically had lower rates of phone usage, had longer periods of deep sleep and were more physically active.

Privacy experts and labor advocates have long raised concerns about the practice of tracking employees. That hasn’t stopped companies from incentivizing employees to wear fitness tracks in exchange for savings on insurance or other benefits. Startups have popped up to offer even more ways to track employees.

For instance, WeWork acquired in February Euclid, a data platform that tracks the identity and behavior of people in the physical world. Shiva Rajaraman, WeWork’s chief product officer, told TechCrunch at the time that the Euclid platform and its team will become integrated into a software analytics package that WeWork plans to sell to companies that aren’t renting WeWork space but want to WeWork-ify their own offices.

Meanwhile, the team of researchers suggests that while its system of continuous monitoring via wearables and other devices is not yet available, it could be coming in the next few years. It’s unclear if the team is making a calculated guess or if there are designs to try and launch this system as a product.

The team, led by Dartmouth University, included researchers from University of Notre Dame, Georgia Institute of Technology, University of Washington, University of Colorado Boulder, University of California, Irvine, Ohio State University, University of Texas at Austin and Carnegie Mellon University .

A paper describing the study will be published in the Proceedings of the ACM on Interactive, Mobile Wearable and Ubiquitous Technology.


Source: Tech Crunch