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Archivo del Autor: Belen De Leon

30 European startup CEOs call for better stock option policies

Thirty European tech CEOs of big startups signed a letter about stock options in Europe. Other tech CEOs can join the group and sign the letter before it is sent to policymakers on January 7.

As you can read in the letter below, these CEOs think Silicon Valley isn’t the only region suffering from talent crunch. It could be a “serious bottleneck to growth.”

“Over the next twelve months, Europe’s startups will need to hire more than 100,000 employees,” the letter says. “Without delay, we call on legislators to fix the patchy, inconsistent and often punitive rules that govern employee ownership—the practice of giving staff options to acquire a slice of the company they’re working for.”

Here’s the current list of signatories: Johannes Reck (GetYourGuide), Alice Zagury (The Family), Christian Reber (Pitch), Johannes Schildt (KRY / LIVI), Peter Mühlmann (Trustpilot), Ilkka Paanenen (Supercell), Taavet Hinrikus (TransferWise), Lucas Carne (Privalia), Jean-Charles Samuelian (Alan), Alex Saint (Secret Escapes), Dr. Tamaz Georgadze (Raisin), Patrick Collison (Stripe), Nikolay Storonsky (Revolut), Samir Desai (Funding Circle), Markus Villig (Taxify), Jean-Baptise Rudelle (Criteo), Nicolas Brusson (BlaBlaCar), Jacob de Geer (iZettle), David Okuniev (Typeform), José Neves (Farfetch), Felix Van de Maele (Collibra), Joris Van Der Gucht (Silverfin), Daniel Dines (UiPath), Rohan Silva (Second Home), Niklas Östberg (Delivery Hero), Dominik Richter (Hello Fresh), Dr. Raoul Scherwitzl (NaturalCycles), Alex Depledge (RESI), Juan de Antonio (Cabify).

Here’s the letter:

OPEN LETTER TO EUROPE’S POLICYMAKERS

Not Optional: Europe must attract more talent to startups

This following letter will be sent to Europe’s policymakers on 7 January 2019.

Policymakers, entrepreneurs and investors must work together to bring more talent to Europe’s startups. Here’s why.

The European tech sector has never been stronger. From London to Lisbon, Paris to Prague, Europe is now nurturing some of the world’s most dynamic and creative companies. And not all are fledgling young startups: many are already substantial, high-growth enterprises set to succeed in the global market.

The days of living in Silicon Valley’s shadow are over. We no longer lack ambition and capital. Now, Europe is a shining powerhouse of bold, new business models that drive economic growth, generate jobs and improve people’s lives.

We’d all like to see this fair weather continue, but storm clouds are gathering on the horizon.

Europe could be the world’s most entrepreneurial continent but the limited availability of talent to nurture and fuel its blossoming start-up ecosystem is a serious bottleneck to growth. That’s why we, the founders and executives of Europe’s leading tech businesses, now urge policymakers to put talent at the top of their agenda.

Over the next twelve months, Europe’s startups will need to hire more than 100,000 employees. Add to that the number of employees that start-ups yet to be born will need to get their ideas off the ground. Reaching that goal will be hard, but hard things are what we do and we’re ready to rise to the challenge.

Without delay, we call on legislators to fix the patchy, inconsistent and often punitive rules that govern employee ownership—the practice of giving staff options to acquire a slice of the company they’re working for.

This isn’t just a perk on top of a salary: universally, stock options reward employees for taking the risk of joining a young, unproven business, and give them a real stake in their company’s future success. Stock options are one of the main levers that startups use to recruit the talent they need; these companies simply can’t afford to pay the higher wages of more established businesses.

But policies that currently govern employee ownership across Europe are often archaic and highly ineffective. Some are so punishing that they put our startups at a major disadvantage to their peers in Silicon Valley and elsewhere, with whom we’re competing for the best designers, developers, product managers, and more.

If we fail to take action, we could see a brain drain of Europe’s best and brightest, leading to fewer jobs created and slower growth. That’s why we need to create startup-friendly employee share ownership schemes, to help Europe’s tech sector—its greatest engine of growth, innovation and employment—to succeed and thrive in the global labour market.

If we don’t eliminate the talent bottleneck, we risk squandering the incredible momentum that European tech has built up in recent years. The next Google, Amazon or Netflix could well come from Europe, but for that to happen, reforming the rules of employee ownership is definitely not optional.

According to Index Ventures, the company that is coordinating this effort, some countries already have startup-friendly policies while others lag behind:

The VC firm recommends overhauling policies in some countries and harmonizing policies across Europe. New rules should follow those six principles:

  1. Create a stock option scheme that is open to as many startups and employees as possible, offering favourable treatment in terms of regulation and taxation. Design a scheme based on existing models in the UK, Estonia or France to avoid further fragmentation and complexity.
  2. Allow startups to issue stock options with non-voting rights, to avoid the burden of having to consult large numbers of minority shareholders.
  3. Defer employee taxation to the point of sale of shares, when employees receive cash benefit for the first time.
  4. Allow startups to issue stock options based on an accepted ‘fair market valuation’, which removes tax uncertainty.
  5. Apply capital gains (or better) tax rates to employee share sales.
  6. Reduce or remove corporate taxes associated with the use of stock options.


Source: TechCrunch

Watch Audi, Italdesign and Airbus design and test an autonomous flying taxi

Germany automaker Audi, Airbus and Italdesign presented Tuesday a scaled-down version of its vision of the future: a drone that can pluck the cab off of an autonomous electric vehicle and then fly off to its intended destination.

The companies showed off the flying taxi concept Tuesday during Drone Week in Amsterdam.

You can watch the whole video below that shows the different steps in the process.

To be clear, what the companies showed was a working prototype and one that isn’t big enough for human being to ride in. The prototype of “Pop.Up Next” was a 1:4 scale model.

Still, the companies provided a bullish vision of the future that they say could be just a decade away.

“Flying taxis are on the way. We at Audi are convinced of that,” Dr. Bernd Martens, Audi board member for sourcing and IT, and president of the Audi subsidiary Italdesign said in a statement. “More and more people are moving to cities. And more and more people will be mobile thanks to automation. In future, senior citizens, children and people without a driver’s license will want to use convenient robot taxis. If we succeed in making a smart allocation of traffic between roads and airspace, people and cities can benefit in equal measure.”

Audi said in a description under the YouTube video, that the flying taxi service could be deployed as “soon as the coming decade.”

To prepare, Audi is conducting tests in South America in cooperation with the Airbus subsidiary Voom to learn what an on-demand flight service might look like. Customers can book helicopter flights in Mexico City or Sao Paulo, while an Audi is at the ready for the journey to or from the landing site.

“Services like this help us to understand our customers’ needs better. Because in the future, flying taxis will appeal to a wide range of city dwellers. With Pop.Up Next we are simultaneously exploring the boundaries of what is technically possible. The next step is for a full-size prototype to fly and drive,” Martens said.

Audi is also supporting the Urban Air Mobility flying taxi project in Ingolstadt, an initiative aimed at preparing test operations for a flying taxi at Audi’s site.


Source: TechCrunch

New at Amazon: Its Own Chips for Cloud Computing

Amazon follows Google in designing a chip to make cloud computing more efficient; the chip is based on designs typically seen in smartphones.
Source: Wired

GM's Job Cuts Are Another Sign of a Future With Fewer Cars

Preparing for a new sort of future, General Motors is cutting 14,000 jobs, closing three plants, and killing a bunch of car models.
Source: Wired

Samsung's S10 reportedly features 5G, huge screen video – CNET

Next year, we could see a Galaxy S10 with a 6.7-inch display and superfast wireless tech. Meanwhile, more images of Sargo (aka Pixel 3 Lite) pop up online. All that, your comments and more in this episode of Alphabet City!
Source: CNET

Facebook 'has a black people problem,' fails black workers, ex-manager says – CNET

A former employee publishes a memo saying it’s “a pattern of behavior deeply connected to the culture” at the social network.
Source: CNET

Todo lo que se sabe sobre los bebés chinos editados con CRISPR

El investigador He Jiankui, quien afirma haber creado los primeros bebés del mundo con genes editados, está siendo investigado por las autoridades sanitarias chinas, que acusan al hospital de no haber seguido el protocolo adecuado mientras la universidad se desvincula de cualquier responsabilidad
Source: MIT

El científico de los bebés CRISPR usó un informe de EEUU para justificarse

En 2017, 22 expertos consideraron que la edición genética podría llegar a usarse en embriones para evitar graves enfermedades. He Jiankui aprovechó esa conclusión para llevar a cabo su polémico experimento para, supuestamente, traer al mundo a los dos primeros bebés editados genéticamente
Source: MIT

SpongeBob SquarePants creator Stephen Hillenburg honored by fans: 'He was a genius' – CNET

The former teacher who created that famed pineapple under the sea, and all its crazy characters, has died at age 57.
Source: CNET

We're giving away gas money! – Roadshow

Three lucky winners will win $200 Visa gift cards to fuel up their automobile. This promotion ends on Dec. 11, 2018.
Source: CNET

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