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Archivo del Autor: Belen De Leon

Two Chairs nabs $7M for its client-therapist matching app and brick-and-mortar clinics

The future of healthcare isn’t entirely digital. For encounters as intimate as the client-therapist dynamic, a face-to-face relationship is still key.

For those able to afford tech-enabled therapy services, Two Chairs, a San Francisco-headquartered mental healthcare business, may be of interest. The startup believes in the power of in-person therapy, as opposed to the new variety of affordable digital tools meant to replace or coexist with therapy services. Today, the company is announcing a $7 million Maveron-led Series A financing to open additional brick-and-mortar clinics and build out its client-therapist matching app, which leverages technology to pair its customers with a therapist best-tailored to their needs.

The company currently operates four clinics in the Bay Area, where patients can access individual or group therapy. Each of those clinics was built with modern, young professionals in mind using “thoughtful design” to create “non-judgmental spaces.”

A Two Chairs clinic, which emphasizes “non-judgmental” design

The mobile app and clinic interior design are the key differences between Two Chairs and a neighborhood private practice, it says. As far as pricing, at $180 an hour, a session doesn’t differ terribly from a typical session at a Bay Area private practice (the company does accept insurance). The startup currently employs 30 therapists, who also are available over video chat should a client be sick or traveling, with a customer base of 2,000.

Two Chairs was founded in 2017 by former Palantir employee Alex Katz (pictured). In a conversation with TechCrunch, Katz admitted procuring real estate for Two Chairs’ brick-and-mortar clinics has been an expensive and difficult endeavor. It’s no wonder venture capitalists tend to favor IT startups devoid of the overhead costs associated with firms in the real estate business. Katz is hoping the latest investment, which brings Two Chairs’ total raised to $8 million, will help the business quickly sign additional leases outside of the most expensive city in the U.S.

The cash will also be used to advance Two Chairs’ matching app. The app surveys potential clients on their history, preferences and goals, then uses a library of data to match the client with the most suitable therapist in its roster and to create a customized treatment plan. Katz says they’ve provided clients with an accurate match 95 percent of the time.

“We know that the client-therapist relationship is the best predictor of an outcome with care and while it sounds intuitive, matching is not a concept that has existed in the mental health field historically,” Katz told TechCrunch.

Two Chairs is one of several mental health startups to capture the attention of venture capitalists lately. Basis, which helps people cope with anxiety and depression through guided conversations via chat and video, emerged from stealth in 2018 with a $3.75 million investment led by Bedrock. Wisdo, a community-focused app that connects people seeking help with those who can offer help, brought in an $11 million investment in December and emotional well-being app Aura raised $2.7 million from Cowboy Ventures in October.

Those three businesses have one thing in common: they are digital-first endeavors looking to innovate on top of a broken mental healthcare model. Two Chairs’ plan to build additional therapy clinics, however, doesn’t feel particularly inventive. Opening a chain of therapy offices, rather, sounds like a hard-to-scale, expensive business idea.

As for the uptick in capital for mental health tech, Katz is satisfied Silicon Valley has finally acknowledged the problem: “I think Silicon Valley venture has had a preference for models that don’t involve brick-and-mortar and minimize the use of people; they prefer software businesses,” he said. “The reason we are taking this approach is we know from the research that really well-matched in-person therapy is really effective. Still, at a high level, it’s exciting. There are a lot of people thinking in innovative ways of how we can provide improved mental healthcare.”

Goldcrest Capital also participated in Two Chairs’ Series A.


Source: TechCrunch

Ceros raises $14M for its interactive content platform

Ceros allows marketers to create animated, interactive content — but don’t call it a content marketing company.

“We think content is just a dry, bland, over-leveraged, oversaturated space,” said founder and CEO Simon Berg. “The goal is not to hack the system, the goal is to make a great experience for your customers.”

That’s why he describes Ceros as a platform for creating experiences. The company is focused on powering beautiful, well-designed graphics and web pages, instead of blog posts or white papers that mostly exist to snare search traffic.

Ceros is announcing today that it’s raised $14 million in Series C funding.

Ceros previously raised $19.5 million in funding, according to Crunchbase. The new round was led by Greenspring Associates, with participation from Grotech Ventures, CNF Investments, Sigma Prime Ventures, StarVest Partners, Greycroft and Silicon Valley Bank.

“Ceros is well known for empowering marketers to think creatively, but we have also come to know Ceros as a highly capital efficient business, which is a refreshing change in the burn-rate happy world of digital,” said Greenspring’s John Avirett, General Partner in a statement. “We’re confident that this investment will catalyze Ceros’ continued growth while enabling their team to opportunistically pursue acquisitions that enhance the core product and further penetration of key markets.”

Ceros studio

For examples of the different between Ceros “experiences” and run-of-the-mill content marketing, check out Ceros/Inspire, where some of the most viewed projects include a comic book-style blockchain explainer from Ozy and a “friend versus pro” created to promote H&R Block.

“What we’ve continued to work on over the last seven years is to comply with laws of physics that are laws of internet, whilst giving as much creative freedom as possible,” Berg said. “We want to put the creative and the design piece first.”

The company says it’s now working with more than 400 customers, including well-known brands like United Airlines and Red Bull, as well as publishers including Condé Nast and Vice, plus sports teams like the Baltimore Ravens and Detroit Lions.

“Both in terms of the revenues that we’ve reached and the clients that we’ve worked with … you never really ‘arrive,’ but I feel like we’ve reached a critical milestone,” Berg said.


Source: TechCrunch

iPhone long-exposure photos just got better thanks to the Spectre app – CNET

Capture light trails, silky flows of water and remove crowds of people from a popular locale.
Source: CNET

Energizer goes big with the Power Max P18K Pop video – CNET

On show here at MWC 2019, Energizer’s new phone has an immense battery and a cool pop-up selfie camera.
Source: CNET

JD.com shares take off despite slowing revenue growth

Shares of JD.com, the Chinese e-commerce service that rivals Alibaba, are on the rise today after the online retailer announced better than expected results for Q4 2018, bucking uncertainty around tech companies in China.

The company reported net revenue of RMB 134.8 billion ($219.6 billion) for the final quarter of last year. Despite representing the slowest growth rate year-on-year since JD went public five years ago (22.3 percent), the figure beat analyst predictions of $19.149 billion. JD.com also beat on earnings per share.

That combination saw its Nasdaq share price rise by as much as 14 percent in pre-market trading, Reuters reports. The stock is up around five percent at the time of writing, according to Yahoo Finance data.

JD.com went public on the Nasdaq in 2014

Chinese startups are weathering challenging economics in the country. Apple recently cut its quarterly revenue forecast on account of China’s slowdown, while domestic Chinese tech companies have gone further and cut costs.

Some of those include Didi laying off 15 percent of its staff and NetEase making reductions across multiple units, while JD.com itself is reportedly parting with 10 percent of its management team as part of downsizing.

JD.com’s revenue growth reached an all-time low as a public company in Q4 2018

Against that backdrop, beating expectations was enough to trigger investor interest despite the slowing growth of JD.com’s business. The final quarter of the year is typically its most lucrative in terms of revenue, thanks to the Singles’ Day shopping festival. That said, the company carded an overall quarterly net loss of RMB 4.8 billion, or $700 million, in Q4.

JD.com’s annual performance saw revenue rise 27.5 percent in 2018 to reach RMB 462.0 billion ($67.2 billion) with a loss of RMB 2.5 billion, $400 million. In 2017, the business eeked out a net income of RMB 116.8 million, which converted to $18 million at the time.

On the technology side, JD.com has invested heavily in drones, unmanned delivery and automated warehouses with a preference to play the ‘long-game’ on cutting-edge tech over making short-term investment spurts.

However, it has been plagued by scandal after CEO Richard Liu was arrested in the U.S. on suspicion of alleged sexual misconduct. Ultimately, Liu was not charged after authorities admitted that it was not possible to prove beyond a reasonable doubt the charges brought against him.


Source: TechCrunch

Amazon launches new tools that allow brands to proactively fight counterfeiting

Amazon this morning announced a new initiative focused on reducing counterfeiting on its site called Project Zero – a name that references Amazon’s lofty goal of driving counterfeit sales to zero. The program will take advantage of Amazon’s technology, including machine learning capabilities, combined with brands’ own knowledge of their intellectual property in order to automatically and continuously scan Amazon’s store to identify and proactively remove violations, among other things.

Brands who want to utilize the new tools will provide Amazon with their logos, trademarks and other key data about their brand. Amazon will then scan its 5 billion product listing updates per day, looking for any suspected counterfeits, it says.

The idea here is to put more technology behind the search for counterfeits, in order to become more proactive instead of reactive. In the past, brands would need to file a counterfeit report with Amazon in order to take action. The new tools allow brands to directly remove and control listings from Amazon’s store without having to first contact Amazon.

Another optional service involved with the larger Project Zero program is product serialization.

This service will allow Amazon to scan to confirm the authenticity of every one of a brand’s products purchased on the site. It provides a unique code for each manufactured unit, which are put on products during the manufacturing process. When the product is later ordered, Amazon scans this code to verify the purchase is authentic. If it’s not, Amazon can detect and stop a counterfeit item before it reaches the customer.

While Project Zero enrollment itself is free, brand that use the product serialization service will incur a cost between $0.01 and $0.05 per unit, based on volume, Amazon notes.

Counterfeiting has become a serious problem on Amazon, largely due to the size and scale of Amazon’s third-party marketplace, which it does little to regulate. Some of these items are never even touched by Amazon, but are sold and shipped by the third-party seller themselves. Others are only fulfilled by Amazon, but that doesn’t include a verification process.

However, those will bear a “Fulfilled by Amazon” label, which some consumers misunderstand to mean they’re trustworthy because Amazon is somehow involved.

According to a study by advocacy group The Counterfeit Report last year, there have been around 58,000 counterfeit products on Amazon since May 2016, Engadget reported. But the total number of fakes is much higher, because TCR only accounted for the brands it represents.

Amazon has been repeatedly called out by brands for effectively being “complicit” with the counterfeiting business, always dusting aside issues because they involved third-party sellers, not Amazon’s own store.

This has also allowed Amazon to escape many legal issues around counterfeiting in the courts, though it continues to face lawsuits. For instance, Daimler AG sued Amazon in 2016 for profiting from sales of wheels that violated its patents. That same year, a family sued Amazon when a counterfeit hoverboard burned down their house.

Apple also sued Mobile Star LLC for making counterfeit Apple chargers, which it tried to pass off as authentic on Amazon, which brought the retailer’s name to the news.

More recently, Amazon has inserted itself into the legal battles. Last year, it filed three lawsuits in partnership with fashion designer Vera Bradley and mobile accessories maker Otterbox, over counterfeits.

Counterfeiting is not only detrimental to consumers and the brands being knocked off, it impacts Amazon’s business directly – particularly in the increasingly important fashion category.

Many fashion brands won’t work with Amazon period. Birkenstock, for example, decided to stop doing business with Amazon. LVMH (Celine, Dior, Givenchy, Louis Vuitton, and others), said last year that the business of Amazon “does not fit” with its brands, and Swatch backed out of a deal to sell on Amazon in 2017 when the retailer refused to implement proactive protections against counterfeiters.

Despite all these issues, recent pressure from the U.S. government may have been what helped turn the tide here – forcing Amazon and others in the industry to take counterfeiting more seriously.

Last year, federal investigators purchased counterfeit products off the biggest and most well-known e-commerce sites, including Amazon, Walmart, eBay, Newegg, and Sears Marketplace. Of 47 products, 20 were counterfeit – including Urban Decay cosmetics, Yeti mugs, Nike Air Jordan shoes, phone chargers and more.

The e-commerce companies, naturally, expressed righteous condemnation of counterfeiting and pledged to work with policy makers on resolutions.

Amazon says its new Project Zero tools have been in testing with several brands before today’s launch, including the above-mentioned Vera Bradley; pet anxiety products manufacturer Thunderworks; mobile accessories maker Kenu; and lint remover manufacturer Chom Chom Roller. During the testing period, Amazon claims it was able to proactively stop 100 times more suspected counterfeit products, compared to what it reactively removes based on brands’ reports.

“Project Zero, with its automated protections and the self-service removal of counterfeit products, is a significant development that will help ensure our customers receive authentic Vera Bradley products from Amazon,” said Mark Dely, chief legal & administrator officer at Vera Bradley.

“Amazon’s product serialization service has been a game changer for us. We are excited to have this self-service counterfeit removal tool for the US Marketplace and consider this to be an insurance policy,” said Ken Minn, ceo, Kenu.

Project Zero is placing a lot of trust in the brands submitting the claims, so Amazon warns it will monitor usage for accuracy of their reports.

We are providing brands with an unprecedented level of responsibility, and we are willing to do so because we believe that the combined strengths of Amazon and brands can drive counterfeits to zero,” the company writes on the Project Zero website FAQ. “Brands must maintain a high bar for accuracy in order to maintain their Project Zero privileges. We have a number of processes in place to promote accuracy, including required training as part of Project Zero enrollment and ongoing monitoring to prevent misuse of our tools.” 

Project Zero is launching first as an invite-only product in the U.S. which brands can sign up for to join, before rolling out more broadly. Participants must have a government-registered trademark and be enrolled in the Amazon Brand Registry to qualify.

 


Source: TechCrunch

How Many Times Do You Have to Slap a Chicken to Cook It?

While you could technically cook a chicken by slapping it, as proposed by a recent meme, you might also cook your hand. We crunch the numbers.
Source: Wired

The Siberian City Where the Winter High Is –40°F

Think the Midwest is cold? Welcome to Yakutsk, Russia, a town of 200,000 built on permafrost.
Source: Wired

'Devotion' Is a Brilliant Videogame—Too Bad You Can't Play It

Following a controversy involving Winnie the Pooh memes, the game is no longer on Steam.
Source: Wired

The Perfect Pair of Pants Is Just a 3D Body Scan Away

A new startup can generate a piece of custom clothing using smartphone photos you snap of your body. And that’s just the beginning of the bespoke clothing future.
Source: Wired

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