Waymo, the self-driving car company under Alphabet, has been testing in the suburbs of Phoenix for several years now. And while the sunny metropolis might seem like the ideal and easiest location to test autonomous vehicle technology, there are times when the desert becomes a dangerous place for any driver — human or computer.
The two big safety concerns in this desert region are sudden downpours that cause flash floods and haboobs, giant walls of dust between 1,500 and 3,000 feet high that can cover up to 100 square miles. One record-breaking haboob in July 2011 covered the entire Phoenix valley, an area of more than 517 square miles.
Waymo released Friday a blog post that included two videos showing how the sensors on its self-driving vehicles detect and recognize objects while navigating through a haboob in Phoenix and fog in San Francisco. The vehicle in Phoenix was manually driven, while the one in the fog video was in autonomous mode.
The point of the videos, Waymo says, is to show how, and if, the vehicles recognize objects during these extreme low visibility moments. And they do. The haboob video shows how its sensors work to identify a pedestrian crossing a street with little to no visibility.
Waymo uses a combination of lidar, radar and cameras to detect and identify objects. Fog, rain or dust can limit visibility in all or some of these sensors.
Waymo doesn’t silo the sensors affected by a particular weather event. Instead, it continues to take in data from all the sensors, even those that don’t function as well in fog or dust, and uses that collective information to better identify objects.
The potential is for autonomous vehicles to improve on visibility, one of the greatest performance limitations of humans, Debbie Hersman, Waymo’s chief safety officer wrote in the blog post. If Waymo or other AV companies are successful, they could help reduce one of the leading contributors to crashes. The Department of Transportation estimates that weather contributes to 21% of the annual U.S. crashes.
Still, there are times when even an autonomous vehicle doesn’t belong on the road. It’s critical for any company planning to deploy AVs to have a system that can not only identify, but also take the safest action if conditions worsen.
Waymo vehicles are designed to automatically detect sudden extreme weather changes, such as a snowstorm, that could impact the ability of a human or an AV to drive safely, according to Hersman.
The question is what happens next. Humans are supposed to pull over off the road during a haboob and turn off the vehicle, a similar action when one encounters heavy fog. Waymo’s self-driving vehicles will do the same if weather conditions deteriorate to the point that the company believes it would affect the safe operation of its cars, Hersman wrote.
The videos and blog post are the latest effort by Waymo to showcase how and where it’s testing. The company announced August 20 that it has started testing how its sensors handle heavy rain in Florida. The move to Florida will focus on data collection and testing sensors; the vehicles will be manually driven for now.
Waymo also tests (or has tested) its technology in and around Mountain View, Calif., Novi, Mich., Kirkland, Wash. and San Francisco. The bulk of the company’s activities have been in suburbs of Phoenix and around Mountain View.
By the end of 2019, the global gaming market is estimated to be worth $152 billion, with 45% of that, $68.5 billion, coming directly from mobile games. With this tremendous growth (10.2% YoY to be precise) has come a flurry of investments and acquisitions, everyone wanting a cut of the pie. In fact, over the last 18 months, the global gaming industry has seen $9.6 billion in investments and if investments continue at this current pace, the amount of investment generated in 2018-19 will be higher than the 8 previous years combined.
What’s interesting is why everyone is talking about games and who in the market is responding to this and how.
Today, mobile games account for 33% of all app downloads, 74% of consumer spend, and 10% of all time spent in-app. It’s predicted that in 2019, 2.4 billion people will play mobile games around the world – that’s almost one third of the global population. In fact, 50% of mobile app users play games, making this app category as popular as music apps like Spotify and Apple Music and second only to social media and communications apps in terms of time spent.
In the US, time spent on mobile devices has also officially outpaced that of television – with users spending 8 more minutes per day on their mobile devices. By 2021, this number is predicted to increase to over 30 minutes. Apps are the new primetime and games have grabbed the lion’s share.
Accessibility is the highest it’s ever been as barriers to entry are virtually non-existent. From casual games to the recent rise of the wildly popular hyper-casual genre of games which are quick to download, easy to play, and lend themselves to being played in short sessions throughout the day, games are played by almost every demographic stratum of society. Today, the average age of a mobile gamer is 36.3 (compared with 27.7 in 2014), the gender split is 51% female, 49% male, and one-third of all gamers are between the ages of 36-50. A far cry from the traditional stereotype of a ‘gamer’.
With these demographic, geographic, and consumption sea-changes in the mobile ecosystem and entertainment landscape, it’s no surprise that the game space is getting increased attention and investment, not just from within the industry, but more recently from traditional financial markets and even governments. Let’s look at how the markets have responded to the rise of gaming.
Image courtesy of David Maung/Bloomberg via Getty Images
The first substantial investments in mobile gaming came from those who already had a stake in the industry. Tencent invested $90M in Pocket Gems and$126M in Glu Mobile (for a 14.6% stake), gaming powerhouse Supercell invested $5M in mobile game studio Redemption Games, Boom Fantasy raised $2M from ESPN and the MLB and Gamelynx raised $1.2M from several investors – one of which was Riot Games. Most recently, Ubisoft acquired a 70% stake in Green Panda Games to bolster its foot in the hyper-casual gaming market.
Additionally, bigger gaming studios began to acquire smaller ones. Zynga bought Gram Games, Ubisoft acquired Ketchapp, Niantic purchased Seismic Games, and Tencent bought Supercell (as well as a 40% stake in Epic Games). And the list goes on.
Beyond the flurry of investments and acquisitions from within the game industry, games are also generating huge amounts of revenue. Since launch, Pokemon Go has generated $2.3B in revenue and Fortnite has amassed some 250M players. This is catching the attention of more traditional financial institutions, like private equity firms and VCs, who are now looking at a variety of investment options in gaming – not just of gaming studios, but all those who had a stake in or support the industry.
In May 2018, hyper-casual mobile gaming studio Voodoo announced a $200M investment from Goldman Sachs’ private equity investment arm. For the first time ever, a mobile gaming studio attracted the attention of a venerable old financial institution. The explosion of the hyper-casual genre and the scale its titles are capable of achieving, together with the intensely iterative, data-driven business model afforded by the low production costs of games like this, were catching the attention of investors outside of the gaming world, looking for the next big growth opportunity.
The trend continued. In July 2018, private equity firm KKR bought a $400M minority stake in AppLovin and now, exactly one year later Blackstone announced their plan to acquire mobile ad-network Vungle for a reported $750M. Not only is money going into gaming studios, but investments are being made into companies whose technology supports the mobile gaming space. Traditional investors are finally taking notice of the mobile gaming ecosystem as a whole and the explosive growth it has produced in recent years. This year alone mobile games are expected to generate $55B in revenue so this new wave of investment interest should really come as no surprise.
A woman holds up her cell phone as she plays the Pokemon Go game in Lafayette Park in front of the White House in Washington, DC, July 12, 2016. (Photo: JIM WATSON/AFP/Getty Images)
Most recently, governments are realizing the potential and reach of the gaming industry and making their own investment moves. We’re seeing governments establish funds that support local gaming businesses – providing incentives for gaming studios to develop and retain their creatives, technology, and employees locally – as well as programs that aim to attract foreign talent.
As uncertainty looms in England surrounding Brexit, France has jumped on the opportunity with “Join the Game”. They’re painting France as an international hub that is already home to many successful gaming studios, and they’re offering tax breaks and plenty of funding options – for everything from R&D to the production of community events. Their website even has an entire page dedicated to “getting settled in France”, in English, with a step-by-step guide on how game developers should prepare for their arrival.
The UK Department for International Trade used this year’s Game Developers Conference as a backdrop for the promotion of their games fund – calling the UK “one of the most flourishing game developing ecosystems in the world.” The UK Games Fund allows for both local and foreign-owned gaming companies with a presence in the UK to apply for tax breaks. And ever since France announced their fund, more and more people have begun encouraging the British government to expand their program saying that the UK gaming ecosystem should be “retained and enhanced”. But, not only does the government take gaming seriously, the Queen does as well. In 2008, David Darling the CEO of hyper-casual game studio Kwalee was made a Commander of the Order of the British Empire (CBE) for his services to the games industry. CBE is the third-highest honor the Queen can bestow on a British citizen.
Over to Germany, and the government has allocated €50M of its 2019 budget for the creation of a games fund. In Sweden, the Sweden Game Arena is a public-private partnership that helps students develop games using government-funded offices and equipment. It also links students and startups with established companies and investors. While these numbers dwarf the investment of more commercial or financial players, the sudden uptick in interest governments are paying to the game space indicate just how exciting and lucrative gaming has become.
The evolution of investment in the gaming space is indicative of the stratospheric growth, massive revenue, strong user engagement, and extensive demographic and geographic reach of mobile gaming. With the global games industry projected to be worth a quarter of a trillion dollars by 2023, it comes as no surprise that the diverse players globally have finally realized its true potential and have embraced the gaming ecosystem as a whole.
SpotHero, the Chicago-based company that has developed an on-demand parking app, has raised $50 million in a Series D round led by Macquarie Capital.
Union Grove Venture Partners participated in the round, along with existing investors including Insight Venture Partners, Global Founders Capital, OCA Ventures, AutoTech Ventures and others, according to the company. SpotHero has raised $118 million to date.
The new capital will be used to expand its reach in the 300 U.S. and Canadian cities where it is already operating, build out its digital platform and strengthen partnerships with mobility companies, CEO and co-founder Mark Lawrence told TechCrunch.
SpotHero, which has operations in San Francisco, New York, Washington, D.C. and Seattle, initially set out to develop software that connects everyday drivers to parking spots in thousands of garages across North America.
It’s secret sauce is its software, which can sit on top of the 40 or so different point-of-sales systems used by parking garages. This acts as a single protocol, allowing SpotHero to bring some kind of standardization to an otherwise fragmented system. From this single protocol, SpotHero can add in features that will allow for automated parking services such as license plate recognition.
“We’ve built the pipes, so to speak, and this powers out consumer app,” Lawrence said in a recent interview. Now the company is focus is on building out partnerships, features in the software and services, he added.
Capital will also be used to hire talent to support these new endeavors. SpotHero has 210 employees today and is working on hiring 50 more engineers this year.
In the eight years since its founding, SpotHero has expanded beyond its core consumer-focused compentcy. The company has added other services as urban density has increased and on-street parking has become more jumbled and confused thanks to an increase in traffic, ride-hailing and on-demand delivery services that take up valuable curb space. It has locked in more than 900 distribution partnerships and integrations including Google Assistant, for voice-enabled parking and Waze in-app navigation to parking. Other partners include Hertz and car2go for fleet parking, WeWork, for commuter parking and Moovit, for multi-modal parking.
Most recently, SpotHero launched a new service dubbed “SpotHero for Fleets” that targets shared mobility and on-demand services.
The service aims to be a one-stop shop for car-sharing and commercial fleets to handle all that goes into ensuring there is access and the right number of designated parking areas on any given day within SpotHero’s large network of 6,500 garages across 300 cities. That means everything from managing the relationships between garage owners and the fleet companies to proper signage so car-sharing customers can find the vehicles, as well as flexible plans that account for seasonal demands on businesses.
Under the new service, customers are able to source and secure parking inventory in high-traffic areas across multiple cities and pay per use across multiple parking facilities on one invoice to streamline payments.
The company has signed on car-sharing companies and other commercial fleets, although it’s not naming them yet.
Nurx, citing 200,000 current patients and a monthly growth rate as high as 20%, has raised $32 million in Series C equity funding in a round co-led by existing investors Kleiner Perkins and Union Square Ventures. The company has also secured $20 million in debt financing, bringing total new capital to $52 million.
The San Francisco-based digital health startup, which seeks to make birth control more accessible and affordable by shipping it direct to consumers, has raised more than $90 million in debt and equity funding to date, with the latest infusion bringing its valuation to nearly $300 million, according to stock authorization filings uncovered by PitchBook. Nurx declined to comment on its valuation.
The goal, Nurx chief executive officer Varsha Rao explains, is to become a telehealth platform focused on all sensitive health needs.
“We see there is a need to help people that may have issues that often carry stigma and judgment by providing a streamlined platform,” Rao tells TechCrunch. “What the company is doing in terms of providing more accessibility from a physical and economic perspective to critical health services is very inspiring for me.”
The fresh bout of funding comes four months after a scathing New York Times report highlighted irresponsible practices at the company, including reshipping returned medications and attempting to revise medical policy on birth control for women over the age of 35.
Nurx’s Rao, who joined from Clover Health just one week before the article was published, says she feels good about how the company has scaled: “I want to make it clear, patient safety was never at risk even then; having said that, we are super committed to always investing in compliance and patient safety and all of the things that are important.”
The business plans to use the funding to double its engineering team and launch additional “sensitive” healthcare services, of which Rao declined to further outline. In addition to shipping birth control D2C, including the pill, shot, ring and patch, Nurx provides emergency contraception, STI and HPV testing and screening kits, and PrEP medication, the once-daily pill that reduces the risk of getting HIV.
The company added STI testing kits to its line up last month and has since performed tests for 1,000 patients, Nurx says.
Nurx’s service is currently live in 26 states and Washington, D.C. The company plans to be accessible to 90% of the U.S. population by the end of the year, with additional launches, including the state of Nebraska, expected this month.
The White House is contemplating issuing an executive order that would widen its attack on the operations of social media companies.
The White House has prepared an executive order called “Protecting Americans from Online Censorship” that would give the Federal Communications Commission oversight of how Facebook, Twitter and other tech companies monitor and manage their social networks, according to a CNN report.
Under the order, which has not yet been announced and could be revised, the FCC would be tasked with developing new regulations that would determine when and how social media companies filter posts, videos or articles on their platforms.
The draft order also calls for the Federal Trade Commission to take those new policies into account when investigating or filing lawsuits against technology companies, according to the CNN report.
Social media censorship has been a perennial talking point for President Donald Trump and his administration. In May, the White House set up a tip line for people to provide evidence of social media censorship and a systemic bias against conservative media.
In the executive order, the White House says it received more than 15,000 complaints about censorship by the technology platforms. The order also includes an offer to share the complaints with the Federal Trade Commission.
As part of the order, the Federal Trade Commission would be required to open a public complaint docket and coordinate with the Federal Communications Commission on investigations of how technology companies curate their platforms — and whether that curation is politically agnostic.
Under the proposed rule, any company whose monthly user base includes more than one-eighth of the U.S. population would be subject to oversight by the regulatory agencies. A roster of companies subject to the new scrutiny would include Facebook, Google, Instagram, Twitter, Snap and Pinterest .
At issue is how broadly or narrowly companies are protected under the Communications Decency Act, which was part of the Telecommunications Act of 1996. Social media companies use the Act to shield against liability for the posts, videos or articles that are uploaded from individual users or third parties.
The Trump administration aren’t the only politicians in Washington are focused on the laws that shield social media platforms from legal liability. House Speaker Nancy Pelosi took technology companies to task earlier this year in an interview with Recode.
The criticisms may come from different sides of the political spectrum, but their focus on the ways in which tech companies could use Section 230 of the Act is the same.
The White House’s executive order would ask the FCC to disqualify social media companies from immunity if they remove or limit the dissemination of posts without first notifying the user or third party that posted the material, or if the decision from the companies is deemed anti-competitive or unfair.
The FTC and FCC had not responded to a request for comment at the time of publication.
Grab popcorn. As Internet fights go this one deserves your full attention — because the fight is over your attention. Your eyeballs and the creepy ads that trade data on you to try to swivel ’em.
In the blue corner, the Internet Advertising Association’s CEO, Randall Rothenberg, who has been taking to Twitter increasingly loudly in recent days to savage Europe’s privacy framework, the GDPR, and bleat dire warnings about California’s Consumer Privacy Act (CCPA) — including amplifying studies he claims show “the negative impact” on publishers.
Exhibit A, tweeted August 1:
NB: The IAB is a mixed membership industry organization which combines advertisers, brands, publishers, data brokers* and adtech platform tech giants — including the dominant adtech duopoly, Google and Facebook, who take home ~60% of digital ad spend. The only entity capable of putting a dent in the duopoly, Amazon, is also in the club. Its membership reflects the sprawling interests attached to the online ad industry, and, well, the personal data that currently feeds it (your eyeballs again!), although some members clearly have pots more money to spend on lobbying against digital privacy regs than others.
In a what now looks to have been deleted tweet last month Rothenberg publicly professed himself proud to have Facebook as a member of his ‘publisher defence’ club. Though, admittedly, per the above tweet, he’s also worried about brands and retailers getting “killed”. He doesn’t need to worry about Google and Facebook’s demise because that would just be ridiculous.
Now, in the — I wish I could call it ‘red top’ corner, except these newspaper guys are anything but tabloid — we find premium publishers biting back at Rothenberg’s attempts to trash-talk online privacy legislation.
Here’s the New York Times‘ data governance & privacy guy, Robin Berjon, demolishing Rothenberg via the exquisite medium of quote-tweet…
One of the primary reasons we need the #GDPR and #CCPA (and more) today is because the @iab, under @r2rothenberg's leadership, has been given 20 years to self-regulate and has used the time to do [checks notes] nothing whatsoever.https://t.co/hBS9d671LU
— Robin Berjon (@robinberjon) August 1, 2019
I’m going to quote Berjon in full because every single tweet packs a beautifully articulated punch:
Next time Facebook talks about how it can self-regulate its access to data I suggest you cc that entire thread.
Also chipping in on Twitter to champion Berjon’s view about the IAB’s leadership vacuum in cleaning up the creepy online ad complex, is Aram Zucker-Scharff, aka the ad engineering director at — checks notes — The Washington Post.
His punch is more of a jab — but one that’s no less painful for the IAB’s current leadership.
“I say this rarely, but this is a must read,” he writes, in a quote tweet pointing to Berjon’s entire thread.
I say this rarely, but this is a must read, Thread: https://t.co/FxKmT9bp7r
— Aram Zucker-Scharff (@Chronotope) August 2, 2019
Another top tier publisher’s commercial chief also told us in confidence that they “totally agree with Robin” — although they didn’t want to go on the record today.
In an interesting twist to this ‘mixed member online ad industry association vs people who work with ads and data at actual publishers’ slugfest, Rothenberg replied to Berjon’s thread, literally thanking him for the absolute battering.
“Yes, thank you – that’s exactly where we’re at & why these pieces are important!” he tweeted, presumably still dazed and confused from all the body blows he’d just taken. “@iab supports the competitiveness of the hundreds of small publishers, retailers, and brands in our global membership. We appreciate the recognition and your explorations,@robinberjon.”
Yes, thank you – that’s exactly where we’re at & why these pieces are important! @iab supports the competitiveness of the hundreds of small publishers, retailers, and brands in our global membership. We appreciate the recognition and your explorations, @robinberjon & @Bershidsky https://t.co/WDxrWIyHXd
— Randall Rothenberg (@r2rothenberg) August 2, 2019
Rothenberg also took the time to thank Bloomberg columnist, Leonid Bershidsky, who’d chipped into the thread to point out that the article Rothenberg had furiously retweeted actually says the GDPR “should be enforced more rigorously against big companies, not that the GDPR itself is bad or wrong”.
Who is Bershidsky? Er, just the author of the article Rothenberg tried to nega-spin. So… uh… owned.
May I point out that the piece that's cited here (mine) says the GDPR should be enforced more rigorously against big companies, not that the GDPR itself is bad or wrong?
— Leonid Bershidsky (@Bershidsky) August 1, 2019
But there’s more! Berjon tweeted a response to Rothenberg’s thanks for what the latter tortuously referred to as “your explorations” — I mean, the mind just boggles as to what he was thinking to come up with that euphemism — thanking him for reversing his position on GDPR, and for reversing his prior leadership vacuum on supporting robustly enforced online privacy laws.
“It’s great to hear that you’re now supporting strong GDPR enforcement,” he writes. “It’s indeed what most helps the smaller players. A good next step to this conversation would be an @iab statement asking to transpose the GDPR to US federal law. Want to start drafting something?”
It's great to hear that you're now supporting strong GDPR enforcement. It's indeed what most helps the smaller players. A good next step to this conversation would be an @iab statement asking to transpose the GDPR to US federal law. Want to start drafting something?
— Robin Berjon (@robinberjon) August 2, 2019
We’ve asked the IAB if, in light of Rothenberg’s tweet, it now wishes to share a public statement in support of transposing the GDPR into US law. We’ll be sure to update this post if it says anything at all.
We’ve also screengrabbed the vinegar strokes of this epic fight — as an insurance policy against any further instances of the IAB hitting the tweet delete button. (Plus, I mean, you might want to print it out and get it framed.)
Some light related reading can be found here:
A newly released data model and draft implementation guide for providing directly to patients digital access to historical health insurance claims data could mean you have better access to this info from the devices you use everyday. Called the CARIN Blue Button API, it’s a new model developed by private sector partners, including consumer organizations, insurance providers, digital health app developers and more. This new draft implementation will be in testing with participating companies beginning this year, including a number of different state-specific BlueCross/BlueShield providers, the State of Washington — and Apple, Google and Microsoft.
The news was announced today at the White House Blue Button Developers Conference in Washington D.C., and builds on the work done last year by the Centers for Medicare and Medicaid Services to launch Blue Button 2.0, a new standard aimed at providing Medicare beneficiaries in the U.S. access to all of their historical claims information in one place from whichever application they choose to use.
All of the organizations participating in the draft testing process will perform “real-world testing” of the CARIN model developed by the multi-disciplinary working group, with the aim of preparing for a broad product launch of the data standard in 2020.
Seeing Apple, Google and Microsoft on that list along with a significant number of healthcare providers is a good sign; it should mean more data portability and choice when it comes to how you access your own patient information, rather than it being decided on a platform-by-platform basis.
Apple already built a Health Records section into its own native Health app in iOS at the beginning of last year, and while it works with standards sometimes adopted by healthcare providers, it’s far from a universal, truly interoperable healthcare history feature on its own. Apple has been building partnerships with agencies and providers, including Veterans’ Affairs and Aetna, to flesh out its personal health data offering for users, and Microsoft has its own health records offering called HealthVault.
On-demand parking app SpotHero wants to be ready for the day when autonomous vehicles are ubiquitous. Its strategy: target the human-driven car-sharing fleets today.
The Chicago-based company, which has operations in San Francisco, New York, Washington, D.C. and Seattle, has launched a new service dubbed SpotHero for Fleets that targets shared mobility and on-demand services.
The service aims to be a one-stop shop for car-sharing and commercial fleets to handle all that goes into ensuring there is access and the right number of designated parking areas on any given day within SpotHero’s large network of 6,500 garages across 300 cities.
That means everything from managing the relationships between garage owners and the fleet companies to proper signage so car-sharing customers can find the vehicles, as well as flexible plans that account for seasonal demands on businesses.
Under the new service, customers are able to source and secure parking inventory in high-traffic areas across multiple cities and pay per use across multiple parking facilities on one invoice to streamline payments.
The service also aims to solve the crux of accessing commercial garages, Elan Mosbacher, SpotHero’s head of strategy and operations, said in a recent interview.
“How does a car get in and out of the garage when the driver driving that car isn’t necessarily the one paying for the parking?,” Mosbacher asked rhetorically. The service provides access to gated parking facilities to provide more pickup and drop-off points for shared cars.
The company’s core competency — its bread and butter since launching in 2011 — has been directed at connecting everyday drivers to parking spots in thousands of garages across North America.
That focus has expanded in the past eight years, with the company adding other services as urban density has increased and on-street parking has become more jumbled and confused thanks to an increase in traffic, ride-hailing and on-demand delivery services that take up valuable curb space.
“Our platform has evolved as more trends emerge around everything from connected cars to urban mobility apps to fleets to autonomous vehicles more and more companies are reaching out to us about how to leverage our network and our API to service parking from their interface to their audience of drivers,” said Mosbacher.
For instance, just last month, SpotHero announced it was integrating Waze, the navigation app owned by Google, into its app to help customers find the best and most direct route to their pre-booked parking spot. The company has also partnered with Moovit as well as expanded into the corporate world with firms such as the Associated Press, Caterpillar and US Cellular.
SpotHero could continue to scale up with this consumer-focused business model. However, the company saw two overlapping opportunities that center around car-sharing fleets.
In the past year, SpotHero has been approached by a number of autonomous vehicles companies acknowledging that one day they’re going to have to solve parking, Mosbacher said. But these companies aren’t even ready to launch pilot programs.
The company realized there was a use case and an opportunity today for human-driven car-sharing fleets.
“What we’re doing now is leveraging our network of services, hardware and software to solve a number of business problems around car-sharing fleets we the hope that the technology, infrastructure improves and accelerates to a point when autonomous vehicles are capable of parking using our network,” Mosbacher said.
That opportunity is poised to get a lot wider in the next decade. Deloitte predicts that by 2030 shared vehicles will overtake personally owned vehicles in urban areas. As car-share fleets grow, companies are increasingly tasked with solving for complex parking needs at scale, according to SpotHero.
The company has signed on car-sharing companies and other commercial fleets, although it’s not naming them yet.
The business of parking — and its potential to tap fleets of human-driven and someday even driverless vehicles — has attracted venture funds. SpotHero has raised $67.6 million to date.
And there’s good reason investors and parking app companies like SpotHero are jumping in to “solve parking.” A study by Inrix released in 2017 found that, on average, U.S. drivers spend 17 hours per year searching for parking at a cost of $345 per driver in wasted time, fuel and emissions.
Spin, the electric scooter company acquired by a Ford subsidiary for around $100 million, is launching a new electric scooter with a sturdier frame, improved braking system, bigger tires and longer-range battery.
In short, this third-generation product is built to handle the kind of abuse that a shared dockless scooter is subjected to on a daily basis. It’s also designed to be more secure. The company has added custom security screws that were developed to thwart vandalism and tampering.
The design improvements should improve the riding experience and, in theory, attract more customers. However, more customers is only one important piece of the scooter game. Gross profit margin is the other.
Spin launched a pilot program in June to test the new scooters in Baltimore. The pilot showed “promising results for increasing gross profit margin, while decreasing costs associated with theft and vandalism,” according to the company.
“In our testing of the next edition Spin scooter, we have seen a significant increase in utilization and our customers are taking more rides and traveling longer distances,” co-founder and COO Zaizhuang Cheng said in a statement.
The third-edition Spin scooter has 10-inch tires, a feature meant to better absorb shock from potholes and other rough road conditions. Other features include a wider and longer platform, a battery with 37.5 miles of range and and an upgraded authentication system. The company also revealed a new logo as part of a brand refresh across its scooters, app and website.
Spin, which is housed under the automaker’s subsidiary Ford Smart Mobility LLC, will deploy the new scooter next month in Berkeley, Calif., Denver, Kansas City, Los Angeles, Memphis, Minneapolis and Washington, D.C. Other U.S. cities will be added in the future.
Spin has been ramping up across the U.S. The company is the exclusive operator in 11 markets and has more than quadrupled the number of dockless scooter markets in which it operates to 47 cities and college campuses.
Its aim is to be in 100 cities and college campuses by the end of the year.
Compensation is the most intimate way a company can interact with its employees. For far too long, compensation managers and committees have operated behind closed doors, keeping pay guidelines shrouded in mystery. Developers with equal experience, performing at the same level, and huddled around the same table while trying to perfect autonomous ocean to table omakase experiences could receive drastically different pay packages. Those times are over.
Employment sits at historic lows, investors are pouring in money through massive rounds, and companies are stepping on, over, and around each other to attract the best talent. Silicon Valley sits at the epicenter of competitive labor markets, but we’ve heard the same story over and over: Big Company X is coming to town, and we can’t pay like them.
Heads up Seattle, Austin, Boulder, Boston, New York, Chicago, and most recently, Virginia! Recruiters must be aggressive, and it’s only a matter of time before an all-star employee mentions a 25% pay bump available at Company X. A team member hears the news and they’re suddenly browsing job boards as well. The dreaded churn switch is pushed a notch higher.
Today’s workforce is more connected than ever, having grown with technology since the days of Tetris, Shufflepuck, and Oregon Trail. What was once taboo to share with anyone beyond your significant other, is now being posted freely for the masses.
We won’t even start on the impacts of social media! Reviews and ratings began popping up for schools, restaurants, and workplaces. Glassdoor, Salary, and others provide deep insights to pay, work-life balance, and executive leadership approval ratings.
Then, things went a step further by detailing gender alongside compensation, most notably in the employee-led survey at Google in 2017. It was the shot heard round the world. How could a well-known organization which prides itself on diversity, and that some think is the entire internet, find itself with gender pay disparity?
Over the past year, I’ve visited and revisited the gender pay gap with various talent partners at prominent venture firms. Kelly Kinnard of Battery Ventures and Bethany Crystal of USV authored pieces on the topic. One theme was common when discussing pay disparity – What if we had real data? What if we had corporate-sourced data that wasn’t subject to disgruntled employees or selective reporting? Well, we do.
Advanced-HR hosts the world’s largest compensation database specific to venture-backed companies. For the first time, we took a deep dive into compensation and gender at privately held, VC-backed companies and we’re sharing the findings.
Thousands of companies and 10,000+ corporate-sourced employee data points. Nothing inferred. Though we analyzed the entire data set, this article only considers US Company data.
We do not display gender-based compensation data but VC-backed companies can access our database of 2800+ participants for free by completing a quick survey. Venture firms and all others interested in our data, contact us here.
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At Uber’s Elevate summit in Washington, DC earlier this month, researchers, industry leaders and engineers gathered to celebrate the approaching advent of on-demand air service. For Dr. Anita Sengupta, co-founder and Chief Product Office at Detroit’s Airspace Experience Technologies (abbreviated ASX), it was an event full of validation of her company’s specific approach to making electric vertical take-off and landing craft a working, commercially viable reality.
ASX’s eVTOL design is a tilt-wing design, which is distinct from the tilt-rotor design you might see on some of the splashier concept vehicles in the category. As you might’ve inferred from the name of each type of aircraft, with tilt-wing designs the entire wing of the aircraft can change orientation, while on tilt-rotor, just the rotor itself adjust independent of the wing structure.
The benefits of ASX’s tilt-wing choice, according to Sengupta, is speed to market and compatibility with existing regulatory and pilot licensing frameworks – and that’s why ASX could be providing cargo transport service relatively quickly for paying customers, with passenger travel to follow once regulators and the public get comfortable with the idea.
ASX founding team Jon Rimanelli and Dr. Anita Sengupta. Credit: ASX
“Depending upon the aircraft configuration you selected, like us, for example, we’re basically a fixed wing aircraft,” Sengupta explained. “So we would not be classified as a rotorcraft, we’d be classified as a fixed wing aircraft with multi-engine, just with obviously special certification features for the VTOL capability. And of course, special check out for the pilots, but the pilots also would be fixed wing aircraft, pilots, they wouldn’t be helicopter pilots.”
ASX’s vehicle design means that it can either take off vertically when space is tight, or do a more traditional short horizontal take off like the airplanes we use every day. That not only makes it easier to use for pilots with more conventional training and experience, but it also means it can slot into existing infrastructure relatively easily and make use of underused regional airports that already dot the U.S.
“Most people who don’t fly for fun don’t realize that there are general aviation airports all over the place, that are underutilized, because only people like me, who fly for fun [Sengupta is also a pilot], use them frequently,” she said. ” Like where we’re located at Detroit City Airport, on a given day, there could sometimes only be like three planes that go in and out of it. So this is infrastructure, which is already funded, paid for and operated by governments, but isn’t utilized. And you can use them in this new UAM [Urban Air Mobility] space, whether it’s for people or for cargo, it’s actually a really good thing, because the challenge of any new transportation system is the cost of infrastructure.”
ASX has also moved quickly to get aircraft up in the sky, which is better help in terms of its own path to commercialization. It’s built six scaled down demonstration and testing aircraft, including five one-fifth scale and one that’s one-third the size of the eventual production version. These testing aircraft can demonstrate all their modes of flight within easy view of the Detroit City Airport airspace control and monitoring.
“We believe, and when you’re really cash strapped your small company, getting a lot of work at the subscale just allows you to do a lot more iterating, prototyping, and learning, basically how to control the vehicle,” Sengupta told me. “From a software perspective, it’s only when you get to that point, when you’re comfortable with a configuration, that it’s really worth your while to go off and build the full scale one. So with this next round [of funding, ASX’s second after raising just over $1 million last year]we’re going to go off and build this out at scale.”
Ultimately, Sengupta and ASX want to help usher in an era of air travel that creates efficiencies by changing the economics of regional and electric flight, and its attracting interest from investors and industry partners alike, including global transportation service provider TPS Logistics, with which it just signed a new MOU to work together on sussing out the opportunities of the eVTOL logistics market.
“Right now you you see a lot of congestion in airports, within beings, you’re going to have congestion coming in, you’re going to have to build a different professional parking lots and runways and all kinds of huge expense, if you can use these general aviation airports as regional centers to do that travel, you can take it away from the commercial, so they actually solve a lot of other problems,” Sengupta said. “For routes of let’s say 300 miles, you probably would need to do a hybrid power solution first, just because the energy density better isn’t there yet. But that’s the whole nicer than having it be fully fueled. And then hopefully […] hydrogen fuel cells is obviously something where you can get the energy needed in each of those regional flights. So by kick-starting this electric aviation use case for the shorter range, urban flights, you kind of kickstart the industry to push it over to fully electric vehicles for regional travel.”