ceo

Amazon’s next conquest will be apparel

Sunny Dhillon Contributor More posts by this contributor The rise of experiential commerce Approaching e-commerce investments in the age of Amazon Late last year, after Amazon announced it had acquired the rights to J.R.R. Tolkien’s epic “Lord of the Rings” saga for $250 million, I wrote how the move underscored Amazon’s relentless pursuit to build one platform to “rule them all.” Now that Amazon is investing half a billion dollars into developing a Middle Earth show – making it the most expensive TV series ever made – it won’t be a surprise to see Jeff Bezos front and center at the Emmys soon. But Hollywood isn’t the only industry Amazon wants to upend. Based on the company’s great ambitions in apparel, it may not be long before we also see Bezos at New York Fashion Week next to Anna Wint...

Is America’s national security Facebook and Google’s problem?

Jamie Metzl Contributor Jamie Metzl is a Senior Fellow for Technology and National Security at the Atlantic Council. More posts by this contributor Homo Sapiens 2.0? We need a species-wide conversation about the future of human genetic enhancement Eleonore Pauwels Contributor Eleonore Pauwels is Director of the Anticipatory Intelligence Lab at the Wilson Center, an international science policy expert specializing in the governance and democratization of converging technologies, and a former official of the European Commission’s Directorate on Science, Economy and Society. Outrage that Facebook made the private data of over 87 million of its U.S. users available to the Trump campaign has stoked fears of big US-based technology companies are tracking our every move and misusing our personal ...

Lessons from cybersecurity exits

Dear F0und3r: What a month this has been for cybersecurity! One unicorn IPO and two nice acquisitions – Zscaler’s great debut on wall street,  a $300 million acquisition of Evident.io by Palo Alto Networks and a $350 million acquisition of Phantom Cyber by Splunk has gotten all of us excited. Word on the street is that in each of those exits, the founders took home ~30% to 40% of the proceeds. Which is not bad for ~ 4 /5 years of work. They can finally afford to buy two bedroom homes in Silicon Valley. Evident.IO Investment Rounds and Return estimates Date Select Investors Round Size Pre Post Dilution Estimated Returns / Multiple of Invested Capital Sep 2013 True Ventures $1.5m $5.25m $6.75 m 22% 44X Nov 2014 Bain Capital $9.8 m $18.1m $28.0 m 35% 10.7X Apr 2016 Venrock $15.7 m $35.0 m $50...

WeWork confirms deal to buy Naked Hub, one of its main competitors in China

WeWork is buying up one of its largest competitors in China after it announced a deal to acquire Naked Hub. The deal was widely reported by Chinese media yesterday, but WeWork has now confirmed it through a blog post from its CEO Adam Neumann. Terms of the transaction are not disclosed but Bloomberg reported that it is worth around $400 million. Naked Hub is an offshoot of China-based luxury resort company Naked Group that was started in 2015 by Grant Horsfield and Delphine Yip-Horsfield. The company is primarily anchored in China, with most of its locations in Beijing and Shanghai, but it has expanded into Australia, Hong Kong and Vietnam. All told, it claims to have 10,000 members across its 24 office locations. Even though a deal to merge with Singapore-based JustCo was called off, Nake...

As UK fires-up private space industry, Space Camp Accelerator launches

The UK government recently passed the Space Industry Bill, covering the basics like spaceflight licensing, insurance requirements and safety commitments. It didn’t make much of a splash when it was announced, but it’s a huge move for the UK as it laid the regulatory groundwork that will be needed to create an operational spaceport, potentially by 2020. Some £10 million has been earmarked to build the spaceports and complementary projects, and the UK is also set to create the world’s first fully commercial astronaut training ground, with construction expected to start later this year. A new UK spaceport would actually make it the first such port in Europe, since the European Space Agency’s (ESA) is located in the not-very-European-location of French Guiana in South America. The UK is alread...

Nvidia stuns by driving a car in real life through virtual reality

Today at Nvidia’s GTC conference the company unveiled a wild technology demo and it’s straight out of Black Panther. Simply put, a driver using virtual reality was remotely controlling a car in real life. “He’s not with us,” Jensen Huang, CEO of Nvidia, said pointing the driver on the stage. “He’s looking at this virtual world through live video.” The driver was sitting on the stage of the convention center wearing an HTC Vive and seated in a cockpit-like car with a steering wheel. Using Nvidia’s Holodeck software, a car was loaded (the same Lexus used in Black Panther). Then, a video feed appeared showing a Ford Fusion behind the convention center. The demo at the show was basic but worked. The driver in VR had seemingly complete control over the vehicle and managed to drive it, live but ...

Ethereum falls after rumors of a powerful mining chip surface

Rumors of a new ASIC mining rig from Bitmain have driven Ethereum prices well below their one-week high of $585. An ASIC – or Application-specific integrated circuit – in the cryptocurrency world is a chip that designers create for the specific purpose of mining a single currency. Early Bitcoin ASICs, for example, drove adoption up and then, in some eyes, centralized Bitcoin mining in a few hands, thereby thwarting the decentralized ethos of die-hard cryptocurrency fans. According to a CNBC report, analyst Christopher Rolland visited China where he unearthed rumors of a new ASIC chip dedicated to Ethereum mining. “During our travels through Asia last week, we confirmed that Bitmain has already developed an ASIC [application-specific integrated circuit] for mining Ethereum, and is readying ...

Uber blocked from testing self-driving cars on Arizona roads

Uber has been barred from testing its self-driving cars on public roads in Arizona following the accident last week involving one of its testing vehicles that killed a pedestrian crossing the street in its path. Arizona Governor Doug Ducey released a letter sent to Uber CEO Dara Khosrowshahi in which he described the accident as captured by onboard cameras as “disturbing and alarming.” The governor, who has been a strong proponent of self-driving testing in the state up until this point, advocating for Uber and other companies to bring their programs to Arizona roads, also directed the Arizona Department of Transportation to “suspend” Uber’s self-driving testing access. Uber had already suspending testing of its autonomous test vehicles not only in Arizona, but in all markets following the...

Southern California needs to find its hub for it to develop its own tech ecosystem

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called  the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position. Through interviews with 100 leaders of the technology ecosystem and an analysis of venture capital funding for the region, the organization has concluded (with the help of the Boston Consulting Group) that the promise of a regional rival to Northern California’s silicon valley won’t be fulfilled without the establishment of a geographic hub and a willingness to overcome regional differences. Founded by Steve Poizner last year to accelerate the growth of a star...

Everledger’s Kemp and Omise’s Hasegawa join TC Blockchain

Blockchain technology and the decentralizing effects of distributed ledgers have enormous amounts of potential and may mean the Internet will never be the same again. The fact that one could eventually run vast applications without any servers is equally transformational. But it’s still very much a wild west out there in terms of ascertaining who is working on ‘the real deal’. The blockchain world is currently weighed down with the expectations of dubious crypto-currency speculators and sky-high ICOs and hacks that are interfering with a frank conversation about the future. Which is why TechCrunch has decided to throw its hat into the ring and try to bring together the leading players in the space for a frank discussion and inquiry into this next phase in Zug, Switzerland, this July. At TC...

John Chen to stay on as BlackBerry CEO through 2023

BlackBerry today announced it reached an agreement to keep CEO John Chen in his current position through 2023. Chen joined the company in 2013 and is responsible for leading the company’s recovery as it left smartphones and embraced services. When Chen took over the company, the company was struggling on all fronts. Its time as the smartphone leader was done but it still had a strong brand in key markets. Chen lead the company to a modest turn around and has seemingly found its footing. The company stock is up 89.9% over the last 12 months and nearly level with the stock price when Chen took over during its decline five years ago. “The BlackBerry Board of Directors has tremendous confidence in John Chen . John engineered a successful turnaround and has the company repositioned to apply its...

Elon Musk expects to do coast-to-coast autonomous Tesla drive in 3 to 6 months

Tesla had aimed to do a cross-country U.S. drive in one of its vehicles using fully autonomous driving capabilities by the end of last year. Obviously it didn’t make that goal, or you’d have heard about it. Instead, Tesla CEO Elon Musk now says he anticipates being able to make the trip within three months, or six months at the long end. Specifically, Musk said on an earnings call in response to a question about the autonomous drive that they’d “probably” be able to “do a coast-to-coast drive in three months, six months at the outside.” When asked whether this feature would then be immediately available to customers, he did say that it “will be a feature that’s available to customers,” without commenting directly on timing of availability. Musk admitted that he’d “missed the mark on that f...

  • 1
  • 2