In Q2 2018, late-stage deals led the world’s venture capital market

Here is what you should take away from the state of the global venture capital market: late-stage deals dominated Q2.

Using projected data provided by Crunchbase, Crunchbase News reported that Q2 2018 marks new post-dot com highs for both VC deal and dollar volume around the world, the latter of which was propelled by a surge in late-stage deals (Series C and above).

The chart below plots growth in projected late-stage deal and dollar volume over time.

This remarkable growth in dollar volume — more than doubling since the same period in 2017 — has led to the late-stage deal market looming large over the venture landscape. For perspective, late-stage rounds accounted for about 42 percent of dollar volume in Q2 2017, but it made up 64 percent of dollar volume in Q2 2018.

To be clear, this isn’t a rising tide raising all ships. Worldwide, late-stage venture activity is intensifying at a more rapid clip than other venture funding stages, squeezing other stages toward the margins. We can see this happening in the chart below:

Two things are happening at once here: On one side, private equity deals with previously venture-backed companies — what we call “Tech Growth” — account for less of the action; on the other side of the spectrum, angels, seed investors and writers of Series A and Series B checks account for less of the total dollar volume over time.

As it happens, in Q2 seed and early-stage venture — despite reaching post-dot com highs in absolute terms — make up for a smaller percent of total dollar volume than in any quarter since at least Q3 2013, the last records we had readily available.

In the second quarter, seed and early-stage venture lost ground in relative terms, making up a smaller percent of total dollar volume than in any quarter since at least Q3 2013, the last for which records were available.

Private equity, on the other hand, is getting squeezed out because a certain class of venture capital firms are able to invest more capital into late-stage venture deals.

Venture capital shops — especially the well-established — are raising ever-larger funds at an increasing pace. Just as an example, three VC firms recently (Scale Venture PartnersIndex Ventures and Lightspeed Venture Partners) announced $4 billion in fresh powder across six new funds.

In part, this pivot to larger funds is a strategic countermeasure against SoftBank and its behemoth $100 billion Vision Fund. The fund routinely leads (sometimes as the sole investor) late-stage venture capital rounds sized in the hundreds of millions of dollars.

In order to compete with SoftBank for the best deals, many VC firms are raising big new funds. Capital pools earmarked for late-stage deals are growing deeper. Sequoia Capital’s third Global Growth Fund is expected to top out at $8 billion, whereas its second (announced in June 2017) was a comparatively paltry $2 billion.

So is there an end in sight for all this late-stage largesse? For the time being, not really.


Source: Tech Crunch

3D printed guns are now legal… What’s next?

On Tuesday, July 10, the DOJ announced a landmark settlement with Austin-based Defense Distributed, a controversial startup led by a young, charismatic anarchist whom Wired once named one of the 15 most dangerous people in the world.

Hyper-loquacious and media-savvy, Cody Wilson is fond of telling any reporter who’ll listen that Defense Distributed’s main product, a gun fabricator called the Ghost Gunner, represents the endgame for gun control, not just in the US but everywhere in the world. With nothing but the Ghost Gunner, an internet connection, and some raw materials, anyone, anywhere can make an unmarked, untraceable gun in their home or garage. Even if Wilson is wrong that the gun control wars are effectively over (and I believe he is), Tuesday’s ruling has fundamentally changed them.

At about the time the settlement announcement was going out over the wires, I was pulling into the parking lot of LMT Defense in Milan, IL.

LMT Defense, formerly known as Lewis Machine & Tool, is as much the opposite of Defense Distributed as its quiet, publicity-shy founder, Karl Lewis, is the opposite of Cody Wilson. But LMT Defense’s story can be usefully placed alongside that of Defense Distributed, because together they can reveal much about the past, present, and future of the tools and technologies that we humans use for the age-old practice of making war.

The legacy machine

Karl Lewis got started in gunmaking back in the 1970’s at Springfield Armory in Geneseo, IL, just a few exits up I-80 from the current LMT Defense headquarters. Lewis, who has a high school education but who now knows as much about the engineering behind firearms manufacturing as almost anyone alive, was working on the Springfield Armory shop floor when he hit upon a better way to make a critical and failure-prone part of the AR-15, the bolt. He first took his idea to Springfield Armory management, but they took a pass, so he rented out a small corner in a local auto repair ship in Milan, bought some equipment, and began making the bolts, himself.

Lewis worked in his rented space on nights and weekends, bringing the newly fabricated bolts home for heat treatment in his kitchen oven. Not long after he made his first batch, he landed a small contract with the US military to supply some of the bolts for the M4 carbine. On the back of this initial success with M4 bolts, Lewis Machine & Tool expanded its offerings to include complete guns. Over the course of the next three decades, LMT grew into one of the world’s top makers of AR-15-pattern rifles for the world’s militaries, and it’s now in a very small club of gunmakers, alongside a few old-world arms powerhouses like Germany’s Heckler & Koch and Belgium’s FN Herstal, that supplies rifles to US SOCOM’s most elite units.

The offices of LMT Defense, in Milan, Ill. (Image courtesy Jon Stokes)

LMT’s gun business is built on high-profile relationships, hard-to-win government contracts, and deep, almost monk-like know-how. The company lives or dies by the skill of its machinists and by the stuff of process engineering — tolerances and measurements and paper trails. Political connections are also key, as the largest weapons contracts require congressional approval and months of waiting for political winds to blow in this or that direction, as countries to fall in and out of favor with each other, and paperwork that was delayed due to a political spat over some unrelated point of trade or security finally gets put through so that funds can be transfered and production can begin.

Selling these guns is as old-school a process as making them is. Success in LMT’s world isn’t about media buys and PR hits, but about dinners in foreign capitals, range sessions with the world’s top special forces units, booths at trade shows most of us have never heard of, and secret delegations of high-ranking officials to a machine shop in a small town surrounded by corn fields on the western border of Illinois.

The civilian gun market, with all of its politics- and event-driven gyrations of supply and demand, is woven into this stable core of the global military small arms market the way vines weave through a trellis. Innovations in gunmaking flow in both directions, though nowadays they more often flow from the civilian market into the military and law enforcement markets than vice versa. For the most part, civilians buy guns that come off the same production lines that feed the government and law enforcement markets.

All of this is how small arms get made and sold in the present world, and anyone who lived through the heyday of IBM and Oracle, before the PC, the cloud, and the smartphone tore through and upended everything, will recognize every detail of the above picture, down to the clean-cut guys in polos with the company logo and fat purchase orders bearing signatures and stamps and big numbers.

The author with LMT Defense hardware.

Guns, drugs, and a million Karl Lewises

This is the part of the story where I build on the IBM PC analogy I hinted at above, and tell you that Defense Distributed’s Ghost Gunner, along with its inevitable clones and successors, will kill dinosaurs like LMT Defense the way the PC and the cloud laid waste to the mainframe and microcomputer businesses of yesteryear.

Except this isn’t what will happen.

Defense Distributed isn’t going to destroy gun control, and it’s certainly not going to decimate the gun industry. All of the legacy gun industry apparatus described above will still be there in the decades to come, mainly because governments will still buy their arms from established makers like LMT. But surrounding the government and civilian arms markets will be a brand new, homebrew, underground gun market where enthusiasts swap files on the dark web and test new firearms in their back yards.

The homebrew gun revolution won’t create a million untraceable guns so much as it’ll create a hundreds of thousands of Karl Lewises — solitary geniuses who had a good idea, prototyped it, began making it and selling it in small batches, and ended up supplying a global arms market with new technology and products.

In this respect, the future of guns looks a lot like the present of drugs. The dark web hasn’t hurt Big Pharma, much less destroyed it. Rather, it has expanded the reach of hobbyist drugmakers and small labs, and enabled a shadow world of pharmaceutical R&D that feeds transnational black and gray markets for everything from penis enlargement pills to synthetic opioids.

Gun control efforts in this new reality will initially focus more on ammunition. Background checks for ammo purchases will move to more states, as policy makers try to limit civilian access to weapons in a world where controlling the guns themselves is impossible.

Ammunition has long been the crack in the rampart that Wilson is building. Bullets and casings are easy to fabricate and will always be easy to obtain or manufacture in bulk, but powder and primers are another story. Gunpowder and primers are the explosive chemical components of modern ammo, and they are difficult and dangerous to make at home. So gun controllers will seize on this and attempt to pivot to “bullet control” in the near-term.

Ammunition control is unlikely to work, mainly because rounds of ammunition are fungible, and there are untold billions of rounds already in civilian hands.

In addition to controls on ammunition, some governments will also make an effort at trying to force the manufacturers of 3D printers and desktop milling machines (the Ghost Gunner is the latter) to refuse to print files for gun parts.

This will be impossible to enforce, for two reasons. First, it will be hard for these machines to reliably tell what’s a gun-related file and what isn’t, especially if distributors of these files keep changing them to defeat any sort of detection. But the bigger problem will be that open-source firmware will quickly become available for the most popular printing and milling machines, so that determined users can “jailbreak” them and use them however they like. This already happens with products like routers and even cars, so it will definitely happen with home fabrication machines should the need arise.

Ammo control and fabrication device restrictions having failed, governments will over the longer term employ a two-pronged approach that consists of possession permits and digital censorship.

Photo courtesy of Getty Images: Jeremy Saltzer / EyeEm

First, governments will look to gun control schemes that treat guns like controlled substances (i.e. drugs and alchohol). The focus will shift to vetting and permits for simple possession, much like the gun owner licensing scheme I outlined in Politico. We’ll give up on trying to trace guns and ammunition, and focus more on authorizing people to possess guns, and on catching and prosecuting unauthorized possession. You’ll get the firearm equivalent of a marijuana card from the state, and then it won’t matter if you bought your gun from an authorized dealer or made it yourself at home.

The second component of future gun control regimes will be online suppression, of the type that’s already taking place on most major tech platforms across the developed world. I don’t think DefCad.com is long for the open web, and it will ultimately have as hard a time staying online as extremist sites like stormfront.org.

Gun CAD files will join child porn and pirated movies on the list of content it’s nearly impossible to find on big tech platforms like Facebook, Twitter, Reddit, and YouTube. If you want to trade these files, you’ll find yourself on sites with really intrusive advertising, where you worry a lot about viruses. Or, you’ll end up on the dark web, where you may end up paying for a hot new gun design with a cryptocurrency. This may be an ancap dream, but won’t be mainstream or user-friendly in any respect.

As for what comes after that, this is the same question as the question of what comes next for politically disfavored speech online. The gun control wars have now become a subset of the online free speech wars, so whatever happens with online speech in places like the US, UK, or China will happen with guns.


Source: Tech Crunch

Furniture startups skip the showroom and go straight to your door

Startups making delivery and transport easier than ever are a hit with venture capitalists, so it’s not a surprise that young tech companies delivering home staples — living room sets, dining room tables, couches and more — are raising big dollars.

From 2010 through 2017, venture investors have outfitted U.S.-based furniture startups with a little over $1.1 billion in funding across 96 known rounds. But that funding has not been spread equally over time, as the following chart shows:

Total dollars funneled into U.S.-based furniture startups, according to Crunchbase, hit an all-time high of $432.7 million across 12 rounds in 2011. Wayfair, an e-commerce site dedicated to selling furniture, raised a significant $165 million Series A that year, accounting for more than a third of the total deal volume.

But while funding hasn’t surpassed 2011 levels, from that year through 2015, round counts steadily climbed. During this period, investments into seed and early-stage startups made up more than 70 percent of known deals.

Whether or not this cohort of seed and early-stage startups will act as fodder for late-stage investors is not yet clear. Before that happens, Stephen Kuhl thinks that there’s more work to be done.

Kuhl, the CEO of Burrow, a company that sells furniture over the internet, told Crunchbase News that “selling traditional furniture made in China or Mexico isn’t innovative, and as such we wouldn’t expect to see a lot of venture funding.” But that doesn’t mean that venture interest in the sector is doomed. Kuhl added that “a new company has to offer a unique product, experience and brand that is altogether [10 times] better than traditional offerings. Expect the money to follow the new brands that truly shake up the status quo.”

That may bear out. The funding data we examined tells one particular story: venture money has shown a preference for delivery and a consumer that doesn’t easily call the place they live in “home.”

Deliver, don’t move, furniture

For city dwellers, modular, utilitarian couches are taking hold. And it’s increasingly clear you don’t have to leave your couch to purchase one.

Let’s return to Burrow, which has raised a total of $19.2 million, according to Crunchbase. The startup has created a modular couch built for those who live in dense urban environments and may move often.

“Our customers are reflective of larger trends in the market. They’re more likely to be renters rather than homeowners,” Kuhl explained. “They’re likely to move multiple times over the course of a few years, and they crave thoughtful, high-quality goods.”

To account for this new type of customer, Burrow delivers each section of the couch in distinct packages. Burrow claims on its website that its direct to consumer business model and its ability to ship parts of couches, rather than one whole couch, removes “over 70 [percent] of standard shipping costs.” The couch also includes modern amenities such as a USB charger, and Burrow has also “launched an AR app that helps customers visualize a Burrow in their home,” according to Kuhl.

However, Burrow isn’t completely eschewing the showroom as part of its selling strategy. In a podcast interview with TotalRetail, Kuhl noted that the startup has “partner showrooms” in co-working spaces and other retail locations in more than 20 cities.

Of course, while modular design is helpful for city dwellers, there are those who enjoy a bit more of a personal twist. Interior Define, a Chicago-based startup, has raised $27.2 million to offer direct to consumer couches and dining room sets. And, according to Interior Define’s founder Rob Royer, its appeal is being driven by a new breed of consumers who are interested in brands that have “an authentic mission, deliver on a promised experience, and offer a real value proposition (not just a lower price).”

That said, both of these options still require that the furniture be owned — an unnecessary burden if you move often or just like fresh looks without the commitment. Through Feather, customers can subscribe to a whole living room, bedroom or dining room for as low as $35 a month. According to Crunchbase, the New York-based startup has raised $3.5 million from established venture firms such as Y Combinator and Kleiner Perkins.

There are also startups looking to simply help brands sell more furniture by using artificial intelligence and augmented reality. One such startup, Grokstyle, has raised $2.5 million for an app that identifies furniture by image as well as style and pricing preferences.

In general, streets, kitchens and even front doors are being claimed by venture-backed startups. What you sit on might as well be paid for, in part, by venture capitalists, too.


Source: Tech Crunch

Fortnite’s Summer Skirmish kicks off today, with $8 million prize pool

Fortnite Battle Royale has swept the gaming world. Alongside its 125 million users and record-breaking Twitch streams, the game has also drawn many competitive players away from their usual titles to try their hand at Battle Royale.

Today, that competitive play reaches at inflection point. At 4pm ET, Fortnite Battle Royale’s Summer Skirmish will kick off, with $8 million going to tournament winners over the course of the competition, with a whopping $250K going to the winners of today’s tournament.

This isn’t the first competitive Fortnite tournament we’ve seen. Celebrity Twitch streamer Ninja held a charity tournament in April, and Epic held a ProAm tournament combining competitive players and celebs who play Fortnite in June. Plus, sites like UMG and CMG have been holding smaller tournaments since Fortnite first rose to popularity. And then there are $20K Fortnite Friday tournaments for streamers held by UMG.

But today, the ante has most certainly been upped. This will be one of the highest paying Fortnite tournaments to date, and is yet just a small fraction of Epic Games’ promised $100 million prize pool for competitive play this year.

For some context, Dota 2 (previously the biggest competitive esports title out there) had a $25 million payout for the International Championship tournament in 2017, with the winners taking home $10.8 million. Call of Duty, one of the most popular titles over the last decade, is only paying out $1.5 million for its own Champs tournament this summer.

In other words, Fortnite is catching up quickly to the competitive gaming scene, not only in terms of talent but money. Epic Games’ Fortnite pulled in a record-breaking $318 million in June alone. In fact, Battle Royale is generating so much revenue for Epic that the company is now only taking a 12 percent share of earnings from its Unreal Marketplace.

But with that growth comes increased scrutiny. Though the company is passing along its fortunes to developers on the Unreal Engine and competitive players, some have noticed situations in which Epic might have been a bit stingy.

The stream for Fortnite Summer Skirmish begins at 4pm ET and is embedded below:

Watch live video from Fortnite on www.twitch.tv


Source: Tech Crunch

iFixit finds dust covers in latest MacBook Pro keyboard

Apple released a refreshed MacBook Pro this week and top among the new features is a tweaked keyboard. Apple says its quieter than the last version and in our tests, we agree. But iFixit found something else: thin, silicone barriers that could improve the keyboard’s reliability.

This is big news. Users have long reported the butterfly switch keyboard found in MacBook Pros were less reliable than past models. There are countless reports of dust and lint and crumbs causing keys to stick or fail. Personally, I have not had any issues, but many at TechCrunch have. To date Apple has yet to issue a recall for the keyboard..

iFixit found a thin layer of rubberized material covering the new butterfly mechanism. The repair outlet also points to an Apple patent for this exact technology that’s designed to “prevent and/or alleviate contaminant ingress.”

According to Apple, which held a big media unveiling for new models, the changes to the keyboard were designed to address the loud clickity-clack and not the keyboard’s tendency to get mucked up by dust. And that makes sense, too. If Apple held an event and said “We fixed the keyboards” it would mean Apple was admitting something was wrong with the keyboards. Instead Apple held an event and said “We made the keyboards quieter” admitting the past keyboards were loud, and not faulty.

We just got our review unit and will report back on the keyboard’s reliability after a day or two at the beach. Because science.


Source: Tech Crunch

Reminder: Other people’s lives are not fodder for your feeds

#PlaneBae

You should cringe when you read that hashtag. Because it’s a reminder that people are being socially engineered by technology platforms to objectify and spy on each other for voyeuristic pleasure and profit.

The short version of the story attached to the cringeworthy hashtag is this: Earlier this month an individual, called Rosey Blair, spent all the hours of a plane flight using her smartphone and social media feeds to invade the privacy of her seat neighbors — publicly gossiping about the lives of two strangers.

Her speculation was set against a backdrop of rearview creepshots, with a few barely there scribbles added to blot out actual facial features. Even as an entire privacy invading narrative was being spun unknowingly around them.

#PlanePrivacyInvasion would be a more fitting hashtag. Or #MoralVacuumAt35000ft

And yet our youthful surveillance society started with a far loftier idea associated with it: Citizen journalism.

Once we’re all armed with powerful smartphones and ubiquitously fast Internet there will be no limits to the genuinely important reportage that will flow, we were told.

There will be no way for the powerful to withhold the truth from the people.

At least that was the nirvana we were sold.

What did we get? Something that looks much closer to mass manipulation. A tsunami of ad stalking, intentionally fake news and social media-enabled demagogues expertly appropriating these very same tools by gamifying mind-less, ethically nil algorithms.

Meanwhile, masses of ordinary people + ubiquitous smartphones + omnipresent social media feeds seems, for the most part, to be resulting in a kind of mainstream attention deficit disorder.

Yes, there is citizen journalism — such as people recording and broadcasting everyday experiences of aggression, racism and sexism, for example. Experiences that might otherwise go unreported, and which are definitely underreported.

That is certainly important.

But there are also these telling moments of #hashtaggable ethical blackout. As a result of what? Let’s call it the lure of ‘citizen clickbait’ — as people use their devices and feeds to mimic the worst kind of tabloid celebrity gossip ‘journalism’ by turning their attention and high tech tools on strangers, with (apparently) no major motivation beyond the simple fact that they can. Because technology is enabling them.

Social norms and common courtesy should kick in and prevent this. But social media is pushing in an unequal and opposite direction, encouraging users to turn anything — even strangers’ lives — into raw material to be repackaged as ‘content’ and flung out for voyeuristic entertainment.

It’s life reflecting commerce. But a particularly insidious form of commerce that does not accept editorial let alone ethical responsibility, has few (if any) moral standards, and relies, for continued function, upon stripping away society’s collective sense of privacy in order that these self-styled ‘sharing’ (‘taking’ is closer to the mark) platforms can swell in size and profit.

But it’s even worse than that. Social media as a data-mining, ad-targeting enterprise relies upon eroding our belief in privacy. So these platforms worry away at that by trying to disrupt our understanding of what privacy means. Because if you were to consider what another person thinks or feels — even for a millisecond — you might not post whatever piece of ‘content’ you had in mind.

For the platforms it’s far better if you just forget to think.

Facebook’s business is all about applying engineering ingenuity to eradicate the thoughtful friction of personal and societal conscience.

That’s why, for instance, it uses facial recognition technology to automate content identification — meaning there’s almost no opportunity for individual conscience to kick in and pipe up to quietly suggest that publicly tagging others in a piece of content isn’t actually the right thing to do.

Because it’s polite to ask permission first.

But Facebook’s antisocial automation pushes people away from thinking to ask for permission. There’s no button provided for that. The platform encourages us to forget all about the existence of common courtesies.

So we should not be at all surprised that such fundamental abuses of corporate power are themselves trickling down to infect the people who use and are exposed to these platforms’ skewed norms.

Viral episodes like #PlaneBae demonstrate that the same sense of entitlement to private information is being actively passed onto the users these platforms prey on and feed off — and is then getting beamed out, like radiation, to harm the people around them.

The damage is collective when societal norms are undermined.

#PlaneBae

Social media’s ubiquity means almost everyone works in marketing these days. Most people are marketing their own lives — posting photos of their pets, their kids, the latte they had this morning, the hipster gym where they work out — having been nudged to perform this unpaid labor by the platforms that profit from it.

The irony is that most of this work is being done for free. Only the platforms are being paid. Though there are some people making a very modern living; the new breed of ‘life sharers’ who willingly polish, package and post their professional existence as a brand of aspiration lifestyle marketing.

Social media’s gift to the world is that anyone can be a self-styled model now, and every passing moment a fashion shoot for hire — thanks to the largess of highly accessible social media platforms providing almost anyone who wants it with their own self-promoting shopwindow in the world. Plus all the promotional tools they could ever need.

Just step up to the glass and shoot.

And then your vacation beauty spot becomes just another backdrop for the next aspirational selfie. Although those aquamarine waters can’t be allowed to dampen or disrupt photo-coifed tresses, nor sand get in the camera kit. In any case, the makeup took hours to apply and there’s the next selfie to take…

What does the unchronicled life of these professional platform performers look like? A mess of preparation for projecting perfection, presumably, with life’s quotidian business stuffed higgledy piggledy into the margins — where they actually sweat and work to deliver the lie of a lifestyle dream.

Because these are also fakes — beautiful fakes, but fakes nonetheless.

We live in an age of entitled pretence. And while it may be totally fine for an individual to construct a fictional narrative that dresses up the substance of their existence, it’s certainly not okay to pull anyone else into your pantomime. Not without asking permission first.

But the problem is that social media is now so powerfully omnipresent its center of gravity is actively trying to pull everyone in — and its antisocial impacts frequently spill out and over the rest of us. And they rarely if ever ask for consent.

What about the people who don’t want their lives to be appropriated as digital windowdressing? Who weren’t asking for their identity to be held up for public consumption? Who don’t want to participate in this game at all — neither to personally profit from it, nor to have their privacy trampled by it?

The problem is the push and pull of platforms against privacy has become so aggressive, so virulent, that societal norms that protect and benefit us all — like empathy, like respect — are getting squeezed and sucked in.

The ugliness is especially visible in these ‘viral’ moments when other people’s lives are snatched and consumed voraciously on the hoof — as yet more content for rapacious feeds.

#PlaneBae

Think too of the fitness celebrity who posted a creepshot + commentary about a less slim person working out at their gym.

Or the YouTuber parents who monetize videos of their kids’ distress.

Or the men who post creepshots of women eating in public — and try to claim it’s an online art project rather than what it actually is: A privacy violation and misogynistic attack.

Or, on a public street in London one day, I saw a couple of giggling teenage girls watching a man at a bus stop who was clearly mentally unwell. Pulling out a smartphone, one girl hissed to the other: “We’ve got to put this on YouTube.”

For platforms built by technologists without thought for anything other than growth, everything is a potential spectacle. Everything is a potential post.

So they press on their users to think less. And they profit at society’s expense.

It’s only now, after social media has embedded itself everywhere, that platforms are being called out for their moral vacuum; for building systems that encourage abject mindlessness in users — and serve up content so bleak it represents a form of visual cancer.

#PlaneBae

Human have always told stories. Weaving our own narratives is both how we communicate and how we make sense of personal experience — creating order out of events that are often disorderly, random, even chaotic.

The human condition demands a degree of pattern-spotting for survival’s sake; so we can pick our individual path out of the gloom.

But platforms are exploiting that innate aspect of our character. And we, as individuals, need to get much, much better at spotting what they’re doing to us.

We need to recognize how they are manipulating us; what they are encouraging us to do — with each new feature nudge and dark pattern design choice.

We need to understand their underlying pull. The fact they profit by setting us as spies against each other. We need to wake up, personally and collectively, to social media’s antisocial impacts.

Perspective should not have to come at the expense of other people getting hurt.

This week the women whose privacy was thoughtlessly repackaged as public entertainment when she was branded and broadcast as #PlaneBae — and who has suffered harassment and yet more unwelcome attention as a direct result — gave a statement to Business Insider.

“#PlaneBae is not a romance — it is a digital-age cautionary tale about privacy, identity, ethics and consent,” she writes. “Please continue to respect my privacy, and my desire to remain anonymous.”

And as a strategy to push against the antisocial incursions of social media, remembering to respect people’s privacy is a great place to start.


Source: Tech Crunch

YouTube TV subscribers get a free week after World Cup meltdown

When one of the main selling points for your service is the ability to stream live sports, the last thing you want is a full-on service meltdown during a huge game.

Alas, that’s exactly what happened on Wednesday to YouTube TV. Just as the World Cup semi-finals game between Croatia and England started heating up, <a href=”http://the service went dark.

As something of a mea culpa, YouTube has sent out an email to subscribers promising a free week of YouTube TV service. With most users paying ~$40 a month for the service, that works out to about $10 off their next bill. Curiously, user reports suggest the refund is going out to most, if not all, YouTube TV users — not just those who were watching (or, you know, trying to watch) the game in question.

Meanwhile, some users have noted that reaching out directly to customer service lead to them getting a full month for free — so if you’re still feeling a bit burned by the whole thing, that might be something worth pursuing.

If you’re a subscriber but aren’t seeing the notice, check your spam box — some users in this Reddit thread are mentioning finding the notice hiding in there, or tucked away in the “social” tab in Gmail’s split view.


Source: Tech Crunch

Moment Pro Camera app brings big camera controls to your phone

The company that brought you the best glass for your mobile device now gives you DSLR-like controls with their Pro Camera app. Features include full manual adjustment over ISO, shutter speed, white balance, image format and more.

It should be noted that if you don’t have a shiny new device you won’t be able to use the app to its full potential since some of its key features include 3D touch, dual lens control, RAW image format, 120 and 240 fps, and 4k resolution.

Moment says the app is for “anyone looking for pro, manual controls on their phone.” Being one of TechCrunch’s resident image makers, I figured I should take the app out for a spin and pit it against the stock camera app. I enlisted my photogenic friend, Jackie, to be my muse.

Scrolling through the manual settings was very easy and the UI never felt fumbly. The histogram is nice to have and utilizes that iPhone notch well. The app doesn’t have portrait mode, however, which Jackie and I would have loved because who doesn’t love that buttery (fake) bokeh – amirite? Manipulating the exposure in video mode was equally as easy. The app didn’t have an audio meter or level settings, so folks recording dialog or VO need to plan accordingly. Luckily, our shoot didn’t need it since we were shooting slow-mo.

For a couple extra bucks you can get the same manual controls, audio levels, + RAW with ProCam 5. But if you’re already invested in the Moment Lens ecosystem and primarily shoot photography then the upgrade could be a worthwhile addition.

You can save photos in HEIF, JPG, RAW and TIFF format. For video, you have the option to shoot in 24, 30, 60, 120, and 240 fps in either 720p, 1080p or 4k resolution. Free to try. $2.99 iOS and $1.99 Android to upgrade.


Source: Tech Crunch

Chowly is raising $5.8 million to help restaurants manage on-demand delivery orders

Chowly, a point-of-sale system for restaurants, has raised nearly $4.7 million, according to an SEC filing. The company is targeting a total raise of $5.8 million.

Chowly aims to help restaurants better manage the influx of delivery orders they receive from a variety of services, such as Grubhub, Delivery.com and Chownow.

In May, Square launched a point-of-sale system for restaurants that integrates on-demand delivery platform Caviar. Down the road, Square said it envisions third-party applications from companies like Postmates, UberEats and DoorDash.

Chowly had previously raised just $700,000 from MATH Venture Partners, Domenick Montanile and others. I’ve reached out to Chowly and will update this story if I hear back.


Source: Tech Crunch

There’s now just one Blockbuster remaining in the US

And then there was one.

With the impending closures of Blockbuster locations in Anchorage and Fairbanks, Alaska, just one single store will remain in the country, Anchorage Daily News reported yesterday. The two locations in Alaska will officially close their respective doors on July 16, leaving just one location in Bend, Ore.

“…it is sad to say goodbye to our dedicated customers,” Blockbuster Alaska General Manager Kevin Daymude said in a Facebook post announcing the closures. “Both [the district manager] and I have been with the company since 1991 and have had great memories throughout our career. Thank you for sticking by us throughout all these years. I can’t tell you how much it means to us.”

Following the initial closures on the 16th, the locations will reopen on the 17th through the end of August for an inventory sale. But, as for the “Cinderella Man” memorabilia John Oliver gifted the Anchorage location earlier this summer, Daymude told Anchorage Daily News that it is likely to return to its original owner.

The movie rental chain opened its first store in Dallas in 1985* and swelled to a booming 9,000 locations by 2004. But, with the introduction of streaming services and a general change in consumers’ viewing habits, the company has been closing locations in the last decade and announced in 2013 the imminent closing of its remaining locations.

It’s hard to say with certainty why Blockbuster has persisted in Alaska over the years despite its relative extinction in the rest of the United States, though some point to spotty and expensive internet connections.

Or maybe it’s just the nostalgia. District Manager Kelli Vey told Anchorage Daily News that the stores saw a lot of selfies — but not nearly as many sales.

“I wish they would come in and buy something,” Vey told the paper. “All day long, I joke that I need to put a picture of somebody in the window to photobomb them.”

For those still wishing to pay homage to the late ’90s and early 2000s giant, the Bend location is open Friday and Saturday from 10:30 am – 10 pm and Sunday – Thursday from 10:30 am – 9 pm. But maybe this time think about renting a movie after you’ve snapped your picture.

*Updated 2:50 PM ET to correct the date the first Blockbuster opened


Source: Tech Crunch