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Archivo del Autor: Belen De Leon

Creative Destruction Lab’s second Super Session is an intense two-day startup testbed

Canadian startup program Creative Destruction Lab (CDL) escapes succinct description in some ways — it’s an accelerator, to be sure, and an incubator. Startups show up and present to a combined audience of investors, mentors, industry players (some of whom, like former astronaut Chris Hadfield, verge on celebrity status) — but it’s not a demo day, per se, and presentations happen in focused rooms with key, vertically aligned audience members who can provide much more than just funding to the startups that participate.

North founder Stephen Lake onstage at CDL’s Super Session 2019

Seven years into its existence, CDL really puts on a show for its cornerstone annual event (itself only two years old), and clearly shows the extent to which the program has scaled. From an inaugural cohort of just 25 startups with a focus on science, CDL has grown to the point where it’s graduating 150 startups spanning cohorts across six cities associated with multiple academic institutions. It has consistently added new areas of focus, including a space track this year, for which Hadfield is a key mentor, as is Anousheh Ansari, the first female private space tourist to pay her own way to the International Space Station and the co-founder and CEO of Prodea Systems.

The ‘Super’ in Super Session

This is the second so-called “Super Session” after the event’s debut in 2017. It includes roughly 850 attendees, made up of investors, mentors, industry sponsors and the graduating startups themselves. As CDL Fellow Chen Fong put it in his welcoming remarks, CDL’s Super Session is an opportune moment for networking, mentorship and demonstration of the companies the program has helped foster and grow.

A keynote track included talks by Ansari and Hadfield, as well as from Celmatix CEO and founder Piraye Beim, and a fireside chat with North founder and CEO Stephen Lake. Subjects ranged from the importance of the linkage between exploration and technology, to what Beim described as “probably the first CDL talk to include menstrual health, vibrators, incontinence and menopause, all in the span of 15 minutes.” Lake meanwhile discussed the future of seamless human-computer interfaces, and Ansari discussed her work founding the Xprize program and the impetus behind the current momentum and interest in private space innovation.

Celmatix CEO and founder Piraye Beim speaking at the 2019 Creative Destruction Lab Super Session in Toronto

The variety in the keynote speaker mix and topic selection is reflective of the eclectic and comprehensive nature of CDL’s modern program, which scouts globally for prospective startup participants. Its six hubs then enter into a matching process with startups signed on to take part, where each scores the other, and that leads to placement.

How CDL works

CDL’s originating thesis is all about supplying the limiting resource in a startup ecosystem; the thing which the program’s organizers think is the missing ingredient that differentiates Silicon Valley from any other innovation hub in the world. Namely, CDL theorizes that this missing ingredient is what CDL Director of Community Kristjan Sigurdson calls “entrepreneurial judgement.”

Sigurdson explains that this basically boils down to the ability to know what are the most important things you need to do as an entrepreneur, and in what order. The missing piece, he says, isn’t ideas, funding availability or a lack of effort — instead, it’s the kind of judgement that results from experience. CDL’s model, which emphasizes five sessions, is held periodically, during which a panel of mentors helps startups set three clearly defined objectives they can accomplish within the next eight weeks.

After each of these sessions, some triage occurs — essentially CDL mentors gathered in closed-door meetings are asked if they’d work with any of the startups that presented during the session. If startups don’t receive sponsorship in these closed-door meetings, they’re not asked to participate in the next session, and effectively are out of the program. All told, the program graduates around 40-45% of the startups that enter the program, Sigurdson said.

Group session with small group mentoring on site at Creative Destruction Lab’s 2019 Super Session in Toronto

CDL is also a bit out of the ordinary in that it takes no equity from the startups it works with — it’s fundamentally an academic program, started by the University of Toronto, and is designed to provide real-world business cases for the school’s MBA students to work on. But it’s become so much more — providing mentorship and guidance as described, and also connecting researchers who often enter into formal advisory roles with CDL companies.

Sigurdson also noted that CDL has actually seen “much higher investment levels” versus the average for more traditional incubation or acceleration programs. “It’s a program that I think allows companies to raise money much more organically even though it’s an artificial program we created,” he said, referencing CDL’s own comparative research.

Lab-grown and forged in fire

True to its name, Creative Destruction Lab in practice feels like a generative cauldron of ideas, shared with peers and industry specialists for debate, discussion and reformation. Sessions are remarkable to witness — where else are you going to see brand new companies get direct feedback from astronauts and representatives of global space agencies, for instance.

Creative Destruction Lab opening keynote for its Super Session 2019 event

The model is unique, but clearly effective, and able to scale — as evidenced from its growth to what it is today from its starting point in 2012, when one founder described it as “7 people in a room.” The room featuring presentations from space-track companies alone featured around 50 people in attendance for instance – almost all of which were top-flight industry leaders and investors, including Hadfield, Ansari, CDL alumni Mina Mitry of Kepler Communications and prominent Toronto angel investor Dan Debow. Startups presenting in the space track included Wyvern, a hyperspectral imaging company; Mission Control, a startup that wants to be the software layer for Moon rovers; and Atomos, which is building a space tug for extra-atmospheric “last-mile” transportation solutions.

It’s easy to see why this program results in solid investment pipeline, given the profile of the sponsors and mentors involved. And it’s another strong stake in the ground for the claim that Canada’s startup scene, with Toronto as its locus of gravity, is increasingly earning (and outperforming) its reputation as a global center of innovation.


Source: TechCrunch

AMD Ryzen 9 3900X vs. Intel Core i9-9900K: Spec comparison

One of the most important head to head hardware battles in 2019 is the Core i9-9900K vs. Ryzen 9 3900X. Whichever wins will be the best gaming processor the world has ever seen. Here’s why we think the winner deserves the crown.
Source: Digital trends

LG’s UltraGear monitors are blazingly fast, with a 1ms response time

At E3 2019, LG announced its newest line of gaming monitors, the UltraGear. Both versions of the UltraGear gaming monitor will feature a super-fast 1ms response time and a Nano IPS display.
Source: Digital trends

Google Drive will stop syncing with Google Photos in July

Google Photos and Google Drive have long synced files together, however that has apparently lead to some confusion as Google announced that Photos and Drive will stop syncing starting in July.
Source: Digital trends

These Ancient Peoples Smoked the Chronic at Funerals

A finding in western China suggests humans were seeking out high-octane weed for rituals 2,500 years ago.
Source: Wired

These Sumptuous Images Give Deep Space Data an Old-World Look

Eleanor Lutz is a biologist with a knack for producing visually rich data visualizations. She released her latest series, Atlas of Space, this month.
Source: Wired

The Cold War Project That Pulled Climate Science From the Ice

A top secret US nuke installation in Greenland was supposed to end with 600 missiles aimed at the USSR. Instead it opened the door to a huge breakthrough in climate research.
Source: Wired

Watch SpaceX launch Canadian observation satellites aboard a re-used Falcon 9

SpaceX has a launch scheduled today from California’s Vandenberg Air Force base, currently targeting a launch window of 14 minutes that opens at 7:17 AM PT (10:17 AM ET). The RADARSAT Constellation mission will carry a constellation of three satellites to low-Earth orbit, built by MDA for use by the Government of Canada in observing Canadian territory and surrounding ocean, with the added ability of being able to also provide imagery from anywhere around the world on top of its primary purpose.

The Government of Canada will make use of the new satellites’ capabilities to generate accurate maps of the sea ice present in Canada’s oceans and across the Great Lakes to help map and navigate those bodies of water for commercial interests. The satellites also have receivers on board to help them tag and ID any seafaring “ships of interest,” according to the mission description. Other uses for the imagery captured by the satellites including helping farmers boost yields from crops will reducing energy consumption, and assisting with the handling of disasters including wild fires.

The first stage of the Falcon 9 rocket to be used in this mission was flown once before – and only a few months ago in March, when it was used in an uncrewed demonstration mission for SpaceX’s Crew Dragon capsule.

Currently, the spacecraft is vertical at the launch pad awaiting the launch window. A backup window is set for Thursday, June 13 at 7:17 AM PT. The webcast above should go live around 15 minutes prior to the lift scheduled for today at 7:17 AM PT.


Source: TechCrunch

Go-Jek doubles down on India with yet another talent acquisition

Go-Jek may be based in Southeast Asia, but the multi-billion-dollar ride-hailing firm continues to tap India for engineering talent. The Indonesia-headquartered firm announced today that it has acquired AirCTO, a recruitment platform based in Gurgaon.

The acquisition, the price of which has not been disclosed, is a talent grab. AirCTO’s platform uses a mix of AI and humans to help companies hire “top” developer talent — that’s of interest to Go-Jek because the company intends to double down on India, which houses a significant number of its R&D workforce already thanks to prior acquisitions.

Indeed, the company said that AirCTO’s entire team will join it to develop “products that accelerate the recruitment of talent” within its ranks.

First up, the deal will see a Gurgaon office opened as part of a wider plan to hire 100 new tech staff this year to increase Go-Jek’s headcount in India to 500. The firm said that some of that hiring could come from other acquisitions — that makes sense given that Go-Jek is the midst of raising a round that it claims has already passed the $1 billion mark at a valuation approaching $10 billion.

It’s challenging to keep up with Go-Jek acquisition spree because many of its deals are not announced at the time, or, indeed, at all.

But we do know there have been many. According to Crunchbase data, AirCTO is its tenth purchase. Three of those came from India — C42 Engineering, Pianta and Leftshift Technologies — to form an offshored R&D division. In addition, the company’s group CTO is Ajey Gore, a hire from India who spends a large chunk of his time at Go-Jek’s Bangalore office.

Go-Jek isn’t alone in setting up R&D centers in India, rival Grab, which is backed by SoftBank’s Vision Fund and valued at $14 billion, is present in the country, too.

Aware of the limits of the talent pool in its native Southeast Asia, Grab has long maintained engineering outposts overseas. These include Beijing, Seattle and — as of 2017 — Bangalore, in addition to various countries in Southeast Asia. Grab has also made an acquisition in India.

Back on the battlefield of Southeast Asia, Grab and Go-Jek are competing to become the region’s ‘super app.’ Since Uber exited more than a year ago, the ride-hailing war has developed into a contest to become the daily go-to app for the region’s 600 million consumers. That’s seen Go-Jek and Grab steadily add new features and services. Those range from the obvious like food and grocery deliveries, to messages, haircuts and other services on demand, and now even games, video streaming and other entertainment.

Grab operates in eight countries while Go-Jek, which finally forayed outside of Indonesia last year, is present in four.


Source: TechCrunch

Alibaba’s Ant Financial and Hellobike team up on $145M e-bike battery JV

Shared e-scooters aren’t just gaining popularity in the United States; they’re hitting the streets of China, too. Recognizing the possibility that some people just don’t want to pedal that last mile, China’s transportation startup Hellobike is setting up a 1 billion yuan ($145 million) joint venture with Alibaba’s financial affiliate Ant Financial and battery maker CATL to provide battery-swapping services for scooters.

That’s according to an announcement from Hellobike on Wednesday, though it did not specify individual shares of the three partners.

Hellobike, backed by Ant Financial, has evolved from a bike sharing service into a one-stop app to include ride-hailing and other transportation means. That puts it in competition with car-hailing leader Didi Chuxing and Mobike, the bike sharing service now owned by Meituan Dianping.

Three-year-old Hellobike claims it’s now serving more than 200 million users in some 360 cities around China. It has its eye set on electric bikes for some time, especially when it comes to capturing users in smaller cities where buildings are more spread out. Its existing battery-swapping service, according to the announcement, can fulfill the energy need of more than two million bikes daily, and the JV will potentially give its network a boost.

Contemporary Amperex Technology, or CATL, seems like a key partner for Hellobike as it’s China’s largest battery maker for electric vehicles and has years of experience supplying to local carmakers as well as more recently international players Volvo and Toyota.

“China is ‘a country on two wheels,” said Yang Lei, Hellobike’s co-founder and chief executive officer, adding that there are one billion trips that are completed on two-wheelers in China each day. For some context, the country has a population of about 1.4 billion.

Many people in China own electric scooters. Food delivery workers ride them to navigate through rush hour traffic. Grandparents send their grandchildren to school on sun and rain-proof e-bikes. The problem, Hellobike claims, is that private bikes and their batteries can get stolen and charging stations are hard to find. What’s more, most batteries for scooters on the market currently fail to meet international environmental standards.

The three-way joint venture hopes to solve these issues by putting up battery-swapping infrastructure across the country. Users will scan a bar code at one of the swapping stations, take out a fresh, charged battery to replace their drained one, and pay via Ant’s e-wallet, which claims to have one billion users so most people can access the service without downloading a new app.


Source: TechCrunch

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