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Archivo del Autor: Belen De Leon

Uber whistleblower: 'I wanted to speak up, share my story and get back to work' – CNET

Susan Fowler talks at SXSW about the power of a story to bring about change in Silicon Valley.
Source: CNET

Crashed Ethiopian Air Jet Is Same Model as Lion Air Accident

An Ethiopian Airlines Boeing 737-800 MAX crashed shortly after takeoff Sunday, evoking comparisons to an Indonesian incident in October.
Source: Wired

23andMe’s New Diabetes Test Has Experts Asking Who It’s For

The DNA company is releasing a genetic test to predict whether a person is likely to get diabetes, but it’s of limited use to many high-risk people.
Source: Wired

Josh Wood, hair colorist to the stars, gets $6.5M led by Index in its latest D2C bet

In the age of Amazon, where up to 90 percent of all consumers use it to buy goods and Amazon is accounting for a rapidly-growing percentage of a consumer’s total retail spend (along with other giants like Walmart), direct-to-consumer brands — leveraging social media alongside tech-first apps — are emerging as sometimes surprising, but often effective, competition.

In one of the latest developments, London-based celebrity hair colorist Josh Wood — who has worked with the likes of David Bowie, PJ Harvey, Florence Welch, Saoirse Ronan and Elle Macpherson, as well as with fashion designers Miuccia Prada, Donatella Versace and Marc Jacobs (and, disclaimer, me: I tried out his products before agreeing to write this story) — has raised $6.5 million led by Index Ventures, with JamJar Investments and Venrex also participating, to launch his products into cyberspace with the aim of disrupting the at-home hair color industry.

At-home hair color is a huge market that has largely been untouched in terms of innovation. Some 80 percent of women over 25 color their hair, with 75 percent of those doing it at home, working out to an industry worth $20 billion annually.

As with other direct-to-consumer brands, tech is playing a role on multiple levels at Josh Wood, from how the product is developed through to how it will match with consumers, as well as how it is marketed.

But unlike other direct-to-consumer startups, Josh Wood actually put down roots (heh) first in a very non-tech environment.

If you live in London, you might already recognise the name and logo of Josh Wood. Apart from his star list of clients (and the name check he gets in the media for that work), he has already been running his hair coloring business at some scale.

Wood’s products have been adorning a selection of London buses, in part to promote a partnership he’s had for the last year with Boots, a big UK chain of drugstores, where his coloring kits and other products are sold alongside big names like Revlon and L’Oreal.

That partnership has been a big boost for both Wood and Boots so far. Some 240,000 products were sold in the first year, contributing to the first growth spike that Boots has seen in the hair coloring category for more than a decade. (One reason also that the startup attracted the likes of Index, which has been behind other companies that have straddled the worlds of women’s consumer goods and tech, such as Farfetch and Glossier.)

The range of products — which includes hair coloring kits, root concealer products, and color-specific shampoo and conditioners — has been marketed from the start as a new take on hair coloring.

Wood has been working as a colorist himself for some 30 years, and while he has worked with some of the biggest names in women’s hair care in that time — he’d once been a global ambassador for Wella and he is currently global color creative director for Redken — he believes that there is a lot of room for improvement in home coloring.

“You get thousands of boxes of hair colors, and women are usually terrified of making the wrong choice,” he said in an interview. And that’s before you consider how prolonged dying at home can fry your hair if you don’t know what you’re doing, or using the products incorrectly.

Wood’s focus up to this point has been mainly on the product itself. Using his learnings from being a leading colorist, and knowing some of the pros and cons of working with brands that already sell mass-produced consumer goods, he has worked with chemists and other product designers on developing new ranges of shades an add-in product, called “Shade Shot Plus,” that extend the range even further and bring in highlights that are unique to each person’s hair; as well as aftercare products.

Shade Shot Plus has been a particularly notable development. Wood said that up to now the main endgame for producers of at-home hair coloring products has been to create standardised colors that will always look the same on each woman, so that it can be sold more consistently and predictably (think of those slightly macabre locks of hair that you sometimes see hanging in the aisles at drug stores showing “the color”). But the product developers couldn’t standardise how the highlights product would look. That roadblock, Wood said, turned out “to be a gift.”

In fact, standardised color runs counter to how professionals work, and what those who go to professionals want. “No two colors are the same,” he said of Shade Shot Plus “One of the big barriers at home is that women feel they have obvious ‘box color’, cookie-cutter lego hair, but this unlocks that, because the tones deposit differently on everyone’s hair.”

That product development is set to continue. With an approach reminiscent of Third Love how it has redefined shopping for bras by vastly extending the range of bra sizes, the idea will be to extend that color range even further down the line.

“This is the tip of the iceberg in terms of the ideas I’ve got,” he said. “There is a lot to learn from base color and foundation matching. This is a category that has had no innovation for decades and this is just the first iteration.”

But now, with the funding, the plan is to complement that product development with technology to help people find colors that best suit their own preferences — whether it’s for a new color that will go with a specific complexion, or to find the tint that most closely matches the color their hair used to be before it turned grey. At the same time, the aim is to deliver at-home dying in an experience that is more reminiscent of what you get if you pay much more (and spend more time) going to a trusted, professional hair colorist.

“We are pressing heavy on being able to deliver an amazing consultation online that will deliver a bespoke hair color that is very natural and covers grey,” he said. “But at our heart, I’d like to think of us as a brand that cares for the condition of your hair.”

Wood said that he is currently hiring and working with technologists to develop color-finding tools, akin to the kind you might come across in online makeup storefronts, to explore both how a woman (or man) looks, and what she or he is looking for.

This is in progress but the idea, it sounds like, will not only involve computer vision but also machine learning to tap into a bigger database of what “lookalike” complexions and people choose for colors, as well as a database created by Josh Wood itself to match those colors, based on the tinting choices that many professionals would make for those people were they sitting in a chair in a salon.

Wood said that he wanted to raise this money and expand the product as a direct-to-consumer offering because he didn’t think he’d be able to achieve this with something that is sold on a shelf — although the idea will be to complement that, too.

“The reason we are approaching this growth phase from a digital perspective is because we want to develop our business” — the market for at-home coloring is much bigger than professional, in-salon coloring — “but also have a best-in-class consultation tool. I’ve been coloring for nearly 30 years and this is the moment for me to democratize my learnings, and I couldn’t do that without digital. There is no other way to connect with so many consumers, and it’s very difficult to get that element right in a brick-and-mortar point of sale.”

I asked Wood if he would also explore the idea of subscriptions, a la Dollar Shave Club, as part of the mix as well, and his answer was actually a little refreshing and I think is a good sign for how this might develop over time.

“We are less keen on subscriptions and more keen that women feel we’re in the bathroom with them every time, monitoring how their hair color changes over time. We want something much deeper than just selling the same thing to them once a month.”


Source: TechCrunch

With these numbers, it’s no surprise SoftBank is investing in Latin America

After SoftBank announced its plans to launch a $5 billion innovation fund in Latin America, we reached out to the good folks at the Latin American Venture Capital Association (LAVCA) for some context, and what they told me only validates the reasoning behind SoftBank’s interest in the region. (In 2017, we reported on the growing interest in Latin America.)

Let’s start with some numbers. Venture funding in Latin American startups is up — way up — from previous years. Specifically, LAVCA’s data shows that VC funding more than doubled in 2017 to $1.14 billion compared to $500 million in 2016. While 2018 numbers haven’t been finalized, LAVCA is projecting another record year with venture investments topping $1.5 billion.

If you combine private equity and venture investing, the numbers are even more impressive. LAVCA estimates that PE and VC fundraising together in Latin America in 2017 totaled $4.3 billion, up from $2.3 billion in 2016.1

Julie Ruvolo, director of venture capital for LAVCA, said all this “fits squarely in this larger momentum that’s been building over the last year or two.”

“We’ve been seeing the continued, and increased, entry of significant global players in the market,” she told Crunchbase News. “Plus, we’ve been seeing an uptick in $100 million-plus rounds, which was a relatively rare thing in Latin America.”

Also unsurprising is the breakdown of where the majority of venture dollars have gone in Latin America. Brazil led the region across all stages of VC investment, capturing 73 percent of VC investment dollars in 2017 and the first half of 2018 (201 startup investments totaling $1.4 billion). Mexico was the second most active market by number of deals (82 startup investments totaling $154 million), but Colombia saw more money invested ($188 million over 23 deals).

Here’s a quick rundown of just some of the bigger deals that took place during that same time frame:

It’s worth noting that fintech is the top sector of VC investment by dollars and number of deals in Latin America. The region also hosts a number of unicorns, including Brazilian ride-hailing startup 99; Colombian last-mile delivery service Rappi; Brazilian learning systems provider Arco Educação; and Brazilian fintech startup Stone Pagamentos.

With all this innovation and investing going on in Latin America, there is clearly large potential. And SoftBank is now poised to capitalize on that.

  1. The fundraising and investment data LAVCA collects is specific to fund managers that have raised capital from third-party institutional investors/limited partners and doesn’t account for other types of private capital investors, like a SoftBank fund or sovereign wealth fund, corporate, etc.


Source: TechCrunch

This VC went long on HotelTonight and it paid off; here’s how.

Brian O’Malley has enjoyed a lot of success as a venture capitalist, thanks to bets on Bazaarvoice before its IPO, Dollar Shave Club before it was nabbed by Unilever, and a variety of other startups that were ultimately acquired or went public. It’s one reason that O’Malley, who began his venture career with Battery Ventures and stayed for nearly a decade, has been poached time and again, first joining Accel Partners for almost five years and, more recently, hopping over to Forerunner Ventures.

Interestingly, all three firms are investors in one company that O’Malley has known from nearly its outset and whose cash and stock sale for a reported $465 million to Airbnb, announced last week, he is still celebrating: HotelTonight, “The O’Malley family went long on HotelTonight,” he said in a call Thursday. “Now, we’re long Airbnb.”

For your Sunday reading, we thought you might enjoy an oral history from O’Malley about how he stumbled upon HotelTonight and remained connected to the company across its nine year history.

I’d originally met Sam [Shank HotelTonight’s CEO] way back. He had TravelPost,com, a travel blogging platform. I really liked him, but i didn’t think it was a ‘venture fundable’ company, [meaning I didn’t see] an explosive opportunity. But Sam is the kind of guy you file away in the back of your head. I knew I’d like to work with him sometime.

Then, I think it was the last week of 2010, I was at home reading up on new things and I came cross this announcement about this new thing called HotelTonight. I was looking at mobile services at the time. We [at Battery Ventures] were invested in Groupon and we saw how much customers loved this whole last-minute-deal angle. But it was hard for Groupon to [drill deep] across categories, given that merchant needs are different. The industry needed verticalized [players] and [HotelTonight] fit nicely in that sweet spot, so I did a little digging, and lo and behold, it was Sam Shank and his partner Jared [Simon] behind the company. I reached back out to Sam and said, ‘This is a great idea; I’d love to catch up with you.’

They were [running a company called] Dealbase [that aggregated and compared hotel deals] and HotelTonight was their mobile offering, so I got together with him and we set it up in a way where we wrote a [letter of intent to Dealbase’s angel investors] to spin HotelTonight out of Dealbase and make it its own company. But to do that, we wanted not just the technology but the team.

They had pretty well-known angels, so I went and talked with them, and some of them were not very excited about having the team go to this new company, so we set up this structure where Dealbase shareholders would get 50 percent of HotelTonight if they came over, and if they didn’t want to come over, we’d buy their shares. I think all of them came over eventually, though some were more curmudgeonly about it. Hopefully they appreciate it now! Then we put together a large option pool for the team and put together a syndicate, including myself at Battery, Theresia [Gouw] when she was at Accel, Kent Goldman [then of First Round Capital], and Kirsten [Green, the founder of Forerunner Ventures] was a small investor as well. And that’s what helped start the company.

At the time, I was one of the first customers, and I remember checking into one of their hotels in New York, and the hotel had never heard of HotelTonight but there on the fax machine was my booking reservation; that was the technology that was available at the time.

Then we [at Battery] led the Series A, we split it with Accel. I was already on the board from the seed round, then Theresia joined the board at the Series A.

When I left Battery [to join Accel] it was the smoothest transition. When you leave a firm, you leave behind [your companies]; your investments belong to the fund and not to you. But this was more seamless because Theresia was transitioning out of Accel [to start her own firm, Aspect Ventures] around the time that I was joining. So I think I was off the [HotelTonight] board for about a month. Then I took Theresia’s seat at Accel and [longtime Battery investor] Roger Lee went on my seat. Then at Accel, we led HotelTonight’s last round of financing.

It’s kind of serendipitous that all three firms where I’ve worked were shareholders.

[As for the outcome of the company], we’d talked about an IPO a while ago. It was growing really quickly. It’s a large business now with well over a hundred million [dollars] in [annual] revenue. It’s profitable. It has a lot of the characteristics you’d want. And they’d been approached by a variety of partners over time. But Sam and [Airbnb CEO] Brian [Chesky] have a special relationship. They’d known each other since even before HotelTonight.

And it’s great when you can clearly fill a void, and continue your mission under a bigger umbrella. Airbnb is rapidly growing a good business. It has done a great job of winning the hearts and minds of customers. But it had a gap in that it hadn’t focused on hotels and last-minute travelers, and it gets a lot of interest in those areas, so we thought the companies culturally would really complement each other, but also that the products would complement each other.

Decisions are always led by the team, and this is one where they were really excited about it, and we were super supportive of that. It’s the funny thing about all these deals, though. Yes, you can get a banker like Qatalyst [Partners] involved.  But a lot of it comes back to relationships.


Source: TechCrunch

Watch a kangaroo attack a landing paraglider in Australia – CNET

Paragliding sounds like fun until you’re greeted by an irate roo.
Source: CNET

Brie Larson dressed as Captain Marvel surprises moviegoers – CNET

Dressed in a Captain Marvel tracksuit, Larson visited a New Jersey movie theater and served fans popcorn.
Source: CNET

The best monitors for Mac mini

A new Mac mini should be paired with an excellent monitor. If you’re looking for the best display for your mini, here are the best monitors for Mac Mini, from top-notch resolutions to extra-affordable models.

The post The best monitors for Mac mini appeared first on Digital Trends.


Source: Digital trends

Fukushima's underground ice wall keeps nuclear radiation at bay – CNET

Think Game of Thrones, but this one is underground and defends against a far more realistic threat.
Source: CNET

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