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Archivo del Autor: Belen De Leon

Andreessen Horowitz is planning to launch a dedicated crypto fund

The SEC may be firing off subpoenas to crypto investment funds and ICO projects left, right and center — apparently over 80 — but that isn’t stopping Andreessen Horowitz, the influential Silicon Valley firm known as A16z, from starting its own crypto-based fund.

The rumor has been going around for a while — not a huge surprise since the firm has invested in the likes of Coinbase, Earn.com and CryptoKitties and co-founder Marc Andreessen (pic above) is a big crypto advocate — but it now appears there is genuine substance to it. Recode spotted a couple of A16z job vacancies that seem to confirm that the wheels are in motion.

One for a ‘Finance and Operations Manager, Crypto Assets‘ and another for a ‘Legal Counsel, Crypto Assets‘ explicitly detail that the firm is planning “a separately managed fund focusing on crypto assets.” The legal role itself includes “compliance with appropriate SEC regulations,” and in particular “managing the firm’s/fund compliance with all SEC/other regulations,” while the operations manager is tasked with the challenging job of valuing crypto assets among other responsibilities.

Some of the responsibilities A16z has for its legal counsel job role

A number of traditional VC funds have invested in crypto companies and, in a few cases, joined initial coin offerings (ICOs), but there hasn’t been a stampede. The more prolific crypto investors have been dedicated funds like Pantera Capital, Polychain Capital and Sparkchain Capital. Those firms hold crypto assets — most of which is in Ethereum — in order to invest and divest in company tokens and cryptocurrencies as part of ICOs or just generally as retail investors do.

Despite the potential for big gains and the ability to liquidate an investment at any time, crypto is in a legal grey area and that has put many U.S. investors off, even if some have dabbled on the side through personal investments. If it goes ahead, A16z’s fund might blaze a trail for others to follow.

Disclosure: The author owns a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life.


Source: TechCrunch

This concert wristband tests if your drink has been spiked – CNET

The Sip Safe is possibly the most important wristband you’ll wear at a gig.
Source: CNET

Apple hires former Samsung vice president to tackle Korea: report – CNET

South Korea’s biggest phone manufacturer lost its vice president to its fiercest global rival at its home ground.
Source: CNET

YouTube releases its first report about how it handles flagged videos and policy violations

YouTube has released its first quarterly Community Guidelines Enforcement Report and launched a Reporting Dashboard that lets users see the status of videos they’ve flagged for review. The inaugural report, which covers the last quarter of 2017, follows up on a promise YouTube made in December to give users more transparency into how it handles abuse and decides what videos will be removed.

“This regular update will help show the progress we’re making in removing violative content from our platform,” the company said in a post on its official blog. “By the end of the year, we plan to refine our reporting systems and add additional data, including data on comments, speed or removal and policy removal reasons.”

But the report is unlikely to quell complaints from people who believe YouTube’s rules are haphazardly applied in an effort to appease advertisers upset their commercials had played before videos with violent extremist content. The issue came to the forefront last year after a report by The Times, but many content creators say YouTube’s updated policies have made it very difficult to monetize on the platform, even though their videos don’t violate its rules.

YouTube, however, claims that its anti-abuse machine learning algorithm, which it relies on to monitor and handle potential violations at scale, is “paying off across high-risk, low-volume areas (like violent extremism) and in high-volume areas (like spam).”

Its report says that YouTube removed 8.2 million videos during the last quarter of 2017, most of which were spam or contained adult content. Of that number, 6.7 million were automatically flagged by its anti-abuse algorithms first.

Of the videos reported by a person, 1.1 million were flagged by a member of YouTube’s Trusted Flagger program, which includes individuals, government agencies and NGOs that have received training from the platform’s Trust & Safety and Public Policy teams.

YouTube’s report positions views a video received before being removed as a benchmark for the success of its anti-abuse measures. At the beginning of 2017, 8% of videos removed for violent extremist content were taken down before clocking 10 views. After YouTube started using its machine-learning algorithms in June 2017, however, it says that percentage increased to more than 50% (in a footnote, YouTube clarified that this data does not include videos that were automatically and flagged before they could be published and therefore received no views). From October to December, 75.9% of all automatically flagged videos on the platform were removed before they received any views.

During that same period, 9.3 million videos were flagged by people, with nearly 95% coming from YouTube users and the rest from its Trusted Flagger program and government agencies or NGOs. People can select a reason when they flag a video. Most were flagged for sexual content (30.1%) or spam (26.4%).

Last year, YouTube said it wanted to increase the number of people “working to address violative content” to 10,000 across Google by the end of 2018. Now it says it has almost reached that goal and also hired more full-time anti-abuse experts and expanded their regional teams. It also claims that the addition of machine-learning algorithms enables more people to review videos.

In its report, YouTube gave more information about how those algorithms work.

“With respect to the automated systems that detect extremist content, our teams have manually reviewed over two million videos to provide large volumes of training examples, which improve the machine learning flagging technology,” it said, adding that it has started applying that technology to other content violations as well.

YouTube’s report may not ameliorate the concerns of content creators who saw their revenue drop during what they refer to as the “Adpocalpyse” or help them figure out how to monetize successfully again. On the other hand, it is a victory for people, including free speech activists, who have called for social media platforms to be more transparent about how they handle flagged content and policy violations, and may put more pressure on Facebook and Twitter.


Source: TechCrunch

Drink-a-day startup Hooch adds a perk-filled premium membership plan

Hooch, the subscription startup that allows members to claim one free drink per day from hundreds of different bars and restaurants, is adding a new membership level called Hooch Black.

Signing up for Hooch Black will cost you significantly more than the regular subscription — instead of $9.99 per month, it’s $295 per year. And you don’t just get in automatically; you actually need to fill out an application.

But in exchange for that money and work, Hooch Black members get access to a variety of perks (on top of the standard drink-a-day option), including deals at more than 100,000 hotels worldwide — co-founder and CEO Lin Dai said that because they’re are only visible to members, Hooch gets access to lower “unpublished” prices that you won’t find elsewhere online, with discounts as high as 60 percent.

It also offers preferred reservations, discounts and free champagne at select restaurants. And there are other giveaways, too — in New York City, the launch offerings include Hamilton and Governor’s Ball tickets.

Dai suggested that Hooch has always been meant as an antidote to apps that “facilitate a couch economy” — instead of delivering stuff to your home, Hooch convinces you to go out to bars. Dai said Hooch Black “continues the concept” with all additional perks tied to real-world experiences. (There’s some couch-centric stuff too, like a $100 Postmates credit.)

Hooch Black

In addition, Hooch Black members will get access to what Dai described as an “concierge who can make travel arrangements and dining reservations for you.” (Those reservations don’t have to be with Hooch partners, by the way.) He compared the experience to an American Express concierge, but with the advantage that the communication is handled in the Hooch app: “No one wants to pick up the phone anymore.”

About that application: Dai said he wants to limit the initial membership to around 295 people in the three launch cities of New York, San Francisco and Los Angeles. He hopes to bring in more people eventually, but at first, having thousands of members would “dilute the experience,” particularly since some of the benefits (like access to celeb-hosted parties) don’t really scale.

At the same time, Dai said the application is “not about income or job title.” Instead, he sees the service as appealing to the same audience of “young professionals or millennial hustlers” as Hooch itself. So the application is focused on your bigger ambitions and “how hard you want to work to get there.”

Dai also noted that Hooch’s current membership is roughly even between men and women, something he’s hoping to continue with Hooch Black.

“We want to build a very inclusive community,” he added. “The primary criteria is, I would say, aspiration. We’re not just catering to a specific income level or race or gender.”


Source: TechCrunch

On Avengers: Infinity War red carpet, Vin Diesel's jacket is so Groot – CNET

The cast of the biggest Marvel film yet hit the red carpet in Hollywood Monday night, and I’m not crying, you’re crying.
Source: CNET

Wounded US soldier gets first penis and scrotum transplant – CNET

A US combat veteran wounded by an IED is the recipient of a total penis and scrotum transplant performed by Johns Hopkins doctors during a complex 14-hour surgery.
Source: CNET

Atlanta Spent $2.6M to Recover From $52,000 Ransomware Scare

Whether to pay ransomware is a complicated—and costly—calculation.
Source: Wired

Falcon Northwest Tiki 2018 review

The original Falcon Northwest Tiki was one of our all-time favorite gaming PCs. We loved its compact form factor, powerful internals, and unique exterior design. That means the 2018 model has some big shoes to fill.

The post Falcon Northwest Tiki 2018 review appeared first on Digital Trends.


Source: Digital trends

YouTube removed 8.3 million videos in 3 months – CNET

The video-sharing site has grappled with criticism it’s not reacting fast enough to inappropriate content.
Source: CNET

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