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Archivo del Autor: Belen De Leon

Twitter's ? emoji record belongs to the Patriots' Tom Brady – CNET

The social media giant says Tom Brady is the G.O.A.T., no ifs, ands or baas about it.
Source: CNET

Buzzfeed will cut its staff by 15% in major round of layoffs

It’s a dark day to work in media. On the heels of news that TechCrunch parent company Verizon Media Group (formerly Oath) would lay off roughly 800 workers, BuzzFeed has announced its own substantial staffing cuts. And though they were anticipated, Gannett also made substantial cuts to newsrooms around the US on Wednesday.

In a memo to employees, BuzzFeed CEO Jonah Peretti explained that the layoffs would hit next week, reducing its workforce by 15% or about 250 positions.

“Over the past few months, we’ve done extensive work examining the trends in our business and the evolving economics of the digital platforms,” Peretti said in the memo. “We’ve developed a good understanding of where we can consolidate our teams, focus in on the content that is working, and achieve the right cost structure to support our multi-revenue model.”

Peretti added that he is “confident” that the layoffs would chart a sustainable course of growth for the new media giant — likely one that aims to turn the maturing media company’s revenues into a profit. According to the memo, that means a future in which BuzzFeed could sustain operations without seeking additional rounds of funding.

Between its smaller investments and two huge rounds from NBCUniversal, BuzzFeed has raised $500 million over the last decade. The company last raised $200 million in late 2016 from NBCUniversal, which invested a total of $400 million in the media company. BuzzFeed’s other investors include Andreessen Horowitz, RRE Ventures, Hearst Ventures and New Enterprise Associates.

Though the company cut 100 jobs in 2017, 2019’s layoffs are BuzzFeed’s most substantial to date. The news comes at an uncomfortable time for the website’s employees who will have to wait in limbo until early next week for the axe to come down.

“This will be a tough week for all of us and I realize it will be much worse for the people losing their jobs,” Peretti said. “To them, I want to say thank you, I’m sorry our work together is ending this way, and I hope we get to work together again in the future.

The full memo from Peretti to staff is embedded below.

Hello BuzzFeeders,

I’m writing with sad news: we are doing layoffs at BuzzFeed next week. We will be making a 15% overall reduction in headcount across the company. I’m sending this tonight because I wanted you to hear it from me directly instead of from the press.

Over the past few months, we’ve done extensive work examining the trends in our business and the evolving economics of the digital platforms. We’ve developed a good understanding of where we can consolidate our teams, focus in on the content that is working, and achieve the right cost structure to support our multi-revenue model. We are confident the changes we are making will put us on a firm foundation and allow us to invest and grow sustainably for years to come.

I’m so proud of what our team accomplished over the last year, including diversifying our revenue, and growing our business double digits. Unfortunately, revenue growth by itself isn’t enough to be successful in the long run. The restructuring we are undertaking will reduce our costs and improve our operating model so we can thrive and control our own destiny, without ever needing to raise funding again. These changes will allow us to be the clear winner in the market as the economics of digital media continue to improve.

I’ll share more about our future structure in a few days, but today I want to focus on what will be a difficult week, especially for the people who are leaving the company. These are talented people, friends, and valued colleagues, who’ve made huge contributions to our success, and who’ve done nothing wrong. Even though I’m confident this is the right business decision, it is upsetting and disappointing.

On a personal note, I’ve never thought about my job as “just business.” I care about the people at BuzzFeed more than anything other than my family. This will be a tough week for all of us and I realize it will be much worse for the people losing their jobs. To them, I want to say thank you, I’m sorry our work together is ending this way, and I hope we get to work together again in the future. Our loss will be to the benefit of other organizations where I know you will go on to make formidable contributions.

We will be back to you with specifics on the process by Monday at the latest. Thank you all in advance for your compassion and kindness as we go through this process.

Jonah


Source: TechCrunch

AWS launches WorkLink to make accessing mobile intranet sites and web apps easier

If your company uses a VPN and/or a mobile device management service to give you access to its intranet and internal web apps, then you know how annoying those are. AWS today launched a new product, Amazon WorkLink,  that promises to make this process significantly easier.

WorkLink is a fully managed service that, for $5 per month and user, allows IT admins to give employees one-click access to internal sites, no matter whether they run on AWS or not.

After installing WorkLink on their phones, employees can then simply use their favorite browser to surf to an internal website (other solutions often force users to use a sub-par proprietary browser). WorkLink the goes to work, securely requests that site and — and that’s the smart part here — a secure WorkLink container converts the site into an interactive vector graphic and sends it back to the phone. Nothing is stored or cached on the phone and AWS says WorkLink knows nothing about personal device activity either. That also means when a device is lost or stolen, there’s no need to try to wipe it remotely because there’s simply no company data on it.

IT can either use a VPN to connect from an AWS Virtual Private Cloud to on-premise servers or use AWS Direct Connect to bypass a VPN solution. The service works with all SAML 2.0 identity providers (which is the majority of identity services used in the enterprise, including the likes of Okta and Ping Identity) and as a fully managed service, it handles scaling and updates in the background.

“When talking with customers, all of them expressed frustration that their workers don’t have an easy and secure way to access internal content, which means that their employees either waste time or don’t bother trying to access content that would make them more productive,” says Peter Hill, Vice President of Productivity Applications at AWS, in today’s announcement. “With Amazon WorkLink, we’re enabling greater workplace productivity for those outside the corporate firewall in a way that IT administrators and security teams are happy with and employees are willing to use.”

WorkLink will work with both Android and iOS, but for the time being, only the iOS app (iOS 12+) is available. For now, it also only works with Safar, with Chrome support coming in the next few weeks. The service is also only available in Europe and North America for now, with additional regions coming later this year.

For the time being, AWS’s cloud archrivals Google and Microsoft don’t offer any services that are quite comparable with WorkLink. Google offers its Cloud Identity-Aware Proxy as a VPN alternative and as part of its BeyondCorp program, though that has a very different focus, while Microsoft offers a number of more traditional mobile device management solutions.


Source: TechCrunch

A former Bessemer Venture Partners principal just closed his own $30 million fund, and here’s how

Sunil Nagaraj, who’d studied computer science as an undergrad at UNC Chapel Hill, landed two pretty nice gigs after deciding to pursue an MBA at Harvard Business School. First, he founded a venture-backed company called Triangulate — though he recognized when it was time to shut it down two years later. He then wound up working as a principal for Bessemer Venture Partners, a top-tier venture firm with locations around the world.

Nagaraj helped source a number of deals at the firm over the next six years, too, investments that made him proud, like bets on the identity platform Auth0 and the space startup Rocket Lab, for example. But he was itching to meet with even younger companies, and he was itching to strike out on his own. So in the summer of 2017, he did, and now, 18 months of so later, Nagaraj says he has finally closed his debut fund with $30 million.

The name of the firm is Ubiquity Ventures, and its focus is on “software beyond the screen,” says Nagaraj, pointing to one investment, New Zealand-based Halter, as an example of what he means. How it works: with the help of a solar-powered, GPS-enabled neck band for cows, Halter’s app allows farmers to remotely guide their herds when it’s time for the animals to milked. Its software also keep the cows out of rivers and drains by creating virtual fences and can detect when cows are in heat or about to give birth, among other things.

We asked Nagaraj last night about leaving Bessemer, and what he has learned that other aspiring VCs — as well as current VCs who aspire to leave their firms — might learn from his path. Our chat has been edited for length.

TC: You had a plum gig at Bessemer. Why leave it?

SN: I learned everything I know about venture investing from the team at Bessemer, especially from working alongside [partner] David Cowan . . But even though Bessemer’s large fund size and robust team provide enormous support and rigorous processes, that can be the wrong fit for very early seed capital and nascent technical sectors with uncertain outcomes. There are certain things I treasure about my new role that wouldn’t have been possible at any large firm, including spending one day each week coding and nerding out on new technologies.

TC: What gave you the confidence to bounce?

SN: There’s never a moment where it feels comfortable or rational to jump. Every founder of a startup or VC firm rolls their eyes when they hear someone say “I would jump for the right opportunity.” For me, I was in the midst of uncovering my inner nerd and beginning to see some of my investments take off, and those things, combined with some inspiration from the OG wave of single GP firms — and Manu Kumar at K9 Ventures in particular — got the ball rolling.

TC: Who wrote your first check who was not a family member?

SN: David Cowan. Next was John Hollar, CEO of the Computer History Museum for the last 10 years. (He stepped down last year.) We’ve known each other since 2009, when I arrived in the Valley and launched the Computer History Museum NextGen Board. He was a reference for VCs when I raised venture capital as an entrepreneur in 2010 and his confidence in Ubiquity was a critical jump start.

TC: What was the hardest check to land?

SN The hardest capital to raise was institutional capital. Institutional investors like universities and pension funds tend to be savvier and have their pick of the litter, so I feel fortunate to have both categories of investors in my debut fund. Understandably, there are many hurdles to clear on track record, references, and portfolio construction for an institutional investor to commit to a new fund.

TC: You’ve already made nine investments, so presumably you were investing as you were getting your capital commitments. How much of the fund is left?

SN:  Yes, I have been investing since my first closing at the end of September 2017. I can’t say exact numbers, but Ubiquity is on schedule with capital deployment. Levl, which prevents the spoofing of wireless devices, and Eclypsium, which protects software in the real world from malware, were my first two investments; I made both in October 2017.

TC: How many companies do you anticipate funding altogether with this first fund?

SN: 20

TC: What happens if a company like Halter takes off and you want to continue funding it? Is the plan to use SPVs? AngelList?

SN: I have a healthy capital reserve for follow-on funding. After that, my priority is to ensure my LPs have access, likely via SPVs.

TC: Does Ubiquity have a geographic focus?

SN: Two portfolio companies are in the Pacific Northwest, another splits its time between Palo Alto and Israel, three more are in Palo Alto, and two are in Pasadena. Then there’s Halter in New Zealand. It’s not a total accident that zero are in San Francisco itself. My focus on software beyond the screen, deeply technical founders, and reasonable valuations hasn’t uncovered any SF investments so far.

TC: Are you price sensitive? What did you learn about this at Bessemer?

SN: Price matters to anyone buying anything. There’s a pervasive belief that a few companies make up all the returns in the Valley, so you shouldn’t worry about price if you have a winner. This may be true when looking retrospectively, but it’s sloppy thinking to apply when it is impossible to know if your current deal will be one of the massive winners. Also, high prices and pricing a deal to perfection too often results in down rounds and a messy aftermath for founders. My time at Bessemer allowed me to see so many good and bad startup outcomes, where price discipline only helps.

TC: How much traction does a startup need to have to get a check from you?

SN: Zero. I’m looking to back founders who are technical, know their problem space cold, and are going after a problem that fits tightly with Ubiquity’s thesis of software leaping off the screen and into the real world around us. I meet technical experts pre-idea, as well as founders with early products. My investments rarely have revenue when I invest,  but they should by the end of their seed runway.

TC: How much of an ownership stake are you targeting?

SN: Ten to twenty percent.

TC: What’s harder about starting your own firm than you anticipated would be the case?

SN: I wrongly believed that launching a venture firm would be similar to launching a startup. In startup fundraising, VCs are evaluating a specific product/market/customer. They have a very compressed time frame to decide. And they have monthly board meetings to provide regular input and even trigger changes.

With VC firm fundraising, their own investors have no concrete data about the future investments that will eventually populate the fund.  They’re on the receiving end of quarterly updates. And they’re called “limited” partners because they exercise no authority over investment decisions. The two worlds couldn’t be more different. As a result, LPs are charged with a much trickier decision and have a much deeper diligence process to make what amounts to a 10-year commitment.

TC: Anything easier than you’d guessed it would be, striking out on your own?

SN: Having no overhead allows me to focus 100 percent of my time on startups. It is more wonderful than I imagined.


Source: TechCrunch

LG Gram 14 2-in-1 vs. HP Spectre x360 13

LG’s Gram 14 uses a lightweight chassis and a lot of battery capacity to battle some other great 2-in-1 options. Can it take on the leader, HP’s Spectre x360 13 that is on our “best of” lists?

The post LG Gram 14 2-in-1 vs. HP Spectre x360 13 appeared first on Digital Trends.


Source: Digital trends

Photo Gallery: Our Favorite Cosplay From NYC's Black Comic Book Festival

At the seventh annual iteration of the convention, fans paid homage to favorites from Sailor Moon to ‘Coming to America’’s Prince Akeem.
Source: Wired

John McAfee has recruited 'hundreds' of masked look-alikes for his 2020 presidential bid – CNET

The crypto-enthusiast is enlisting volunteers to wear masks of his face and hit the campaign trail. Why? Because he’s on a boat on the run from the IRS.
Source: CNET

Google may break ad blockers with upcoming Chrome change – CNET

It’s an unintended consequence of a security and performance upgrade plan. Google says it doesn’t want to disable content blocking.
Source: CNET

Twitter CEO Jack Dorsey: 7 things you didn't know about the tech mogul – CNET

Dorsey told Rolling Stone that Facebook CEO Mark Zuckerberg once served him a goat Zuckerberg had killed himself.
Source: CNET

Dell’s 75-inch monitor is a Surface Hub competitor built for the classroom

Dell’s new 75 4K Interactive Touch Monitor is a 75-inch display that’s built for classroom collaboration. With multi-touch and pen input support, Dell is positioning its new display as an alternative to Microsoft’s Surface Hub.

The post Dell’s 75-inch monitor is a Surface Hub competitor built for the classroom appeared first on Digital Trends.


Source: Digital trends

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