SparkLabs is launching a cybersecurity and blockchain accelerator program in the US
- Investment firm SparkLabs has run accelerator programs across APAC, now it has announced its first that’ll be based on U.S. soil and it’s a cybersecurity and blockchain program that’ll be located in Washington, D.C. from next year.
- Named “SparkLabs Cybersecurity + Blockchain,” the program will kick off with an inaugural batch of companies in March next year, with applications opening accepted from January.
- That’s very deliberate, Moon said, because SparkLabs wants to grow its network in the blockchain space outside of SparkChain, although he did explain that the program will be “a vetted deal source” for the fund, so graduates could potentially look it to when they want follow-on funding.
- Outside of SparkChain Capital, SparkLabs is active in crypto, primarily through its presence in Asia — especially Korea where it operates its first accelerator program.
After Years of Abusive E-mails, the Creator of Linux Steps Aside
- After years of verbally abusing programmers who contribute to the Linux operating-system kernel he created, the celebrated coder Linus Torvalds is stepping aside and says he is getting help.
- Guido van Rossum, a white, male programmer from the Netherlands, invented the code for the Python programming language.
- “A project attracts people who fit in the culture,” van Rossum told me, adding that if the leaders communicate abusively “it will attract people who either share that attitude, or at least don’t see a problem with it.” Van Rossum, who now lives in the Bay Area, said the Python community shows that the number of women working on open-source software projects can be increased.
- “He said he was willing to mentor women personally, if that is what it takes to improve the diversity,” Wijaya recalled, “but I didn’t reach out to him.” The next year, she attended the same conference.
The Gap Table: Analyzing the gender gap in equity
- Carta and investment collective #Angels collaborated to analyze the ownership of venture-backed companies’ equity by gender to highlight the discrepancies in company ownership.
- This means that women who found companies own an average of just 39 cents for every dollar of equity male founders own.
- We also plan to make it easier for companies to collect their own data on gender and under-represented groups, so they can better analyze their cap tables.
- Carta (formerly eShares) is a software platform for founders, investors, and employees to manage equity and ownership.
- Founded in 2012, Carta manages hundreds of billions of dollars in equity at more than ten thousand companies, helping companies like Slack, Coinbase, Flexport, and August Capital manage their cap tables, valuations, portfolio investments, and equity plans.9 Carta’s mission is to create more owners and Carta is focused on liquidity and transparency between shareholders.
Fundraising Advice From Female Founders Who Raised Serious Cash
- Fortune sat down with the founders of the two companies, Zola’s Shan Lyn-Ma and The Wing’s Audrey Gelman and Lauren Kassan, to talk about the inspiration for their startups, their experiences raising money in the male-dominated world of venture capital, and their advice for fellow female entrepreneurs.
- Zola, says Lyn-Ma, was “born of out of personal need.” It was 2013 and she was experiencing a familiar phenomenon: that year when all your friends get married “at exactly the same time.” She was going to lots of weddings—and buying lots of wedding presents.
- From encountering tech icons like Meg Whitman during her years attending Stanford University to working at Gilt, a startup with two female co-founders, Lyn-Ma says she learned a lot from other women throughout her career.
How advances in edge computing are addressing key problems in the healthcare, telecommunications, and automotive sectors
- Edge computing solutions are key tools that help companies grapple with rising data volumes across industries.
- These types of solutions are critical in allowing companies to gain more control over the data their IoT devices create and in reducing their reliance on (and the costs of) cloud computing.
- These systems are becoming more sought-after — 40% of companies that provide IoT solutions reported that edge computing came up more in discussion with customers in 2017 than the year before, according to Business Insider Intelligence's 2017 Global IoT Executive Survey.
- In this report, Business Insider Intelligence examines how edge computing is reducing companies' reliance on cloud computing in three key industries: healthcare, telecommunications, and the automotive space.
- We explore how these systems mitigate issues in each sector by helping to efficiently process growing troves of data, expanding the potential realms of IoT solutions a company can offer, and bringing enhanced computing capability to remote and mobile platforms.
PlayStation One Classic won't fix the biggest problem with retro consoles
- Sony today announced it was releasing the PlayStation One Classic later this year — the sixty millionth retro console so far (I’m guesstimating).
- It bears repeating that the NES Classic was a stopgap console which tided Nintendo over the holidays until the Switch could be released.
- The past few years, we’ve seen a new trend in gaming hardware:Companies reaching deep into their back catalogs to construct cute-as-fuck, little miniature fun-sized versions of their legacy hardware, overflowing with classic games of yesteryear — asking you to pay a ridiculous premium for games that you owned 20 years ago and will be utterly disappointed by playing again today… You love these little nostalgic cash grabs, and we have no fucking idea why.
- I know this console is going to sell, and that’s what makes me so sad: It means neither Sony nor anyone else will be motivated to try anything better.
Inside Facebook’s Election ‘War Room’
- More than 300 people across the company are working on the initiative, but the War Room will house a team of about 20 focused on rooting out disinformation, monitoring false news and deleting fake accounts that may be trying to influence voters before elections in the United States, Brazil and other countries.
- Facebook invited two New York Times reporters into the War Room before it opens next week to discuss the work of the elections team and some of the tools it has developed to try to prevent interference.
- The company said the War Room was modeled after operations used by political campaigns, which are typically set up in the final weeks before Election Day. The War Room is a “proactive” way to build systems in anticipation of attacks, Greg Marra, a product manager working on Facebook’s News Feed, said in a conference call with reporters on Wednesday.
South Carolina electronics company in district that Trump budget chief Mick Mulvaney represented in Congress gets an exemption from new China tariffs
- A television assembly company in a South Carolina county that Office of Management and Budget Chief Mick Mulvaney represented in Congress has won an exemption from new tariffs that the Trump administration is imposing on goods made in China.
- State Sen. Mike Fanning, whose district includes the Element factory, said the effort to exempt the company from tariffs include outreach to the Trump administration by South Carolina's elected officials, including Gov. Henry McMaster, an ally of President Donald Trump.
- The state senator said the team pushing the administration for the waiver for Element highlighted the company's status as the only domestic assembler of TVs, and the fact that there is no American company from which to buy television components to replace the Chinese components at risk of having tariffs imposed.
Stocks making the biggest moves after hours: Tilray, Red Hat and more
- Red Hat stock fell more than 2 percent in after-hours trading after the Raleigh-based software company reported second-quarter earnings.
- Red Hat also gave weak guidance for revenue and earnings per share in the third quarter.
- Herman Miller shares jumped more than 6 percent in the extended session after the furniture company reported its first-quarter earnings numbers.
- The company, whose products include the Eames and Aeron chairs, reported earnings per share of 60 cents according to Reuters, missing analysts' estimates of 65 cents per share.
- Herman Miller beat expectations on the top line, posting $624.6 million in revenue according to Reuters, compared to the $620.7 million analysts expected.
- CRISPR Therapeutics shares fell over 4 percent in the extended session after the company announced a public offering of $200 million in common stock.
Entrepreneurs: It’s time to put corporate VCs back on your short list
- Financially focused corporate venture firms have a close working relationship with their corporate parent, which allows them access to technology, industry operators and visionaries, giving them proprietary insights to which normal venture firms simply don’t have access.
- These proprietary insights give financially focused corporate venture capital partners the ability to see the market and technology landscape in a different, more informed, way.
- To illustrate the advantages of working with a financially focused corporate venture capital firm, let’s look at a real example — my investment in blockchain.
- Outside of blockchain, there are a number of examples within Comcast Ventures that also show advantages of leveraging resources at a corporate venture capital firm: EdgeConneX successfully pivoted its business model with the help of Comcast; Brightside was incubated and spun out, securing Comcast as its first customer; Zola developed partnership opportunities with NBCU; Comcast became one of DocuSign’s largest customers; and Icontrol was acquired by Comcast.