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Archivo del Autor: Belen De Leon

The Iran Nuclear Deal Unraveling Raises Fears of Cyberattacks

For the last three years, Iran has restrained its state-sponsored hackers from disruptive attacks on the West. That ceasefire may now be over.
Source: Wired

Esports Overwatch League heads to hipster Brooklyn for its finals

What could be more perfect than moving the inaugural championship finals for an esports league from its Los Angeles home to Brooklyn?

For Overwatch League, the esports conference created by fiat from Activision Blizzard, the move is the first step in its plans for housing esports teams in cities around the country.

Heading from sunny Burbank, Calif. to the hipster heartland of Brooklyn conjures up echoes of the famed Dodger franchise move (in reverse) while tapping into one of the few other markets in the U.S. that might rival LA for esports popularity.

When the Overwatch regular season ends on Sunday, June 17th, six teams will face off in the league’s first post-season playoffs. Those games are set to begin July 11th and will take place in Burbank at the company’s “Blizzard Arena Los Angeles.”

After the playoffs, the final teams will fly to New York to compete for the largest share of a $1.4 million prize pool and the first Overwatch League trophy. The games are slated to begin Friday, July 27th and continue on the 28th.

“The Overwatch League Grand Finals will be an epic experience for fans and viewers,” said Overwatch League commissioner Nate Nanzer in a statement. “We want this to be the pinnacle of esports, and holding it at a world-class venue like Barclays Center, in a global capital like New York, will help us celebrate not only the league’s two best teams, but the fans, partners, and players who have joined us on this incredible journey.”

Overwatch is taking a geographic approach to its franchises with teams sponsored by cities in the U.S. and major esports hubs around the world like London, Shanghai and Seoul.

Eventually the league is looking to set up stadiums in locations outside of Burbank. With league play requiring teams to travel — like a traditional sports league.

The move to Brooklyn could be a test of how well the Overwatch experience travels and a precursor to the league starting to take its show on the road in earnest.

Tickets go on sale on Friday, May 18th, at 10 a.m. EDT, and can be bought on ticketmaster.com and barclayscenter.com, while tickets to the first two rounds of the Overwatch League postseason at Blizzard Arena Los Angeles go on sale Thursday, May 10th, at 9 a.m. PDT via AXS.com.


Source: TechCrunch

Walmart says Flipkart is ‘a key center of learning’ for its entire global business

Walmart has opened up on the thinking behind its $15 billion majority investment in Flipkart, and perhaps the most interesting facet is that the retailer plans to export ideas from the Indian e-commerce firm to the rest of its global business, including the U.S..

Walmart’s decision to follow Amazon into India is a testament to huge potential growth in the market. Internet penetration is tipped to cross 500 million this year and a rising middle-class emerging, all of which led Walmart CEO Doug McMillon to describe the deal as “a unique opportunity in a market with significant long-term growth prospects” — but the aspirations run further.

“At Walmart, we’re learning how to build — and how to partner to build — retail ecosystems around the world. India will now become a key center of learning for our entire company,” he said on a call with analysts following the announcement of the deal.

McMillon credited Flipkart for more than just an e-commerce business.

The company’s verticals span electronics, fashion and more, but Flipkart’s management team consistently returned to other services including its mobile payment arm, supply chain business than does 500,000 deliveries daily and more. They also dropped a hint at the potential to do groceries in the future, for one.

That “ecosystem” play is something that is quite unique to Asia, particularly in China, and it is an area where Walmart believes it can glean operational intelligence and potential strategy for other markets, including the U.S..

“Not only is [Flipkart] innovative [with the] problem-solving culture that they have, but they are doing some great work both in the AI space, how they are using data across their platforms but particularly in terms of the payment platform that they’ve created through PhonePe,” Judith McKenna, Walmart COO, said on the call.

“All of those things we can learn from for the future and see how we can leverage those around the international markets and potentially into the US as well,” McKenna added.

That admission is notable, and it stands to reason that Walmart — a traditional offline retailer — might seek to lean on Flipkart’s technical expertise to build out its online or tech-enabled businesses elsewhere in the world, particularly with Amazon entering offline via its Whole Foods deal. That helps bring more immediate returns since, as Walmart’s executives admitted, Flipkart isn’t likely to turn a profit any time soon since it is focused on chasing scale in India.

There’s also some synergy with Walmart’s other recent star acquisition.

McKenna added that Marc Lore, the founder of Jet.com which Walmart acquired last year for $3 billion, had been involved in scouting out Walmart during due diligence. She added that, for now, he wouldn’t be a part of the Flipkart business.

“Maybe someday we might involve him, but right now there’s plenty to do in the U.S. business and that’s what he’s focused on,” McKenna concluded.

Walmart already has an international business — which includes a physical retail footprint in India — but McKenna said the management team is “very interested” in the potential to expand Flipkart outside of India to growth that global presence, presumably using many of the aforementioned learnings taken from the Indian market.

“[International expansion] aligns with the [Flipkart] management team’s ambitions, it aligns with an operating model that we [at Walmart] are comfortable with working with. There’s no timeframe on that but it’s something that for the future we are considering,” she added.

The expansion makes sense since Walmart has spent the last couple of years regrouping its global efforts. It exited China in 2016 — instead opting for a partnership with e-commerce giant JD.com — and this month it retreated from the UK after selling its Asda business to rival high-street retailer Sainsbury’s. Perhaps its time to examine upcoming markets worldwide? In which case the $16 billion Flipkart deal begins to seem a lot more strategic.


Source: TechCrunch

Targetprocess lands Series A 14 years after launching

Targetprocess launched in 2004 in Minsk, Belarus with a mission of making it simpler to manage agile-driven programming projects. It announced it has taken its first funding in its 14-year history, a $5 million Series A led by the European Bank for Reconstruction and Development and Zubr Capital, a private equity firm in Minsk.

Why take money after all these years? It’s a long journey from 2004 to now, but Andrey Mihailenko, co-founder of Targetprocess, says the time is simply right to take on more money to expand its market vision. “The goal of taking on this funding is to get bigger. We see the opportunity right now because more companies understand the value of agile to provide faster response to change agents and quicker delivery,” he said.

He said the founders often debated over the years when to take on external investment, but decided to wait until they felt it was the right time to expand. “We delayed because venture capital is not just about money, but giving up some control and having someone else influence some of the decisions. We wanted our vision fulfilled and now seems like a perfect time because agile is [moving beyond] IT into other parts of the organization,” Mihailenko explained.

Like many startups, this one was born out of necessity when one of Mihailenko’s co-founders became fascinated with the agile programming methodology. When he couldn’t find tools to adequately manage the process, he decided to build them, and from that early work Targetprocess was born.

Today, he says his company focuses on agile teams of all sizes as the agile concept has become popularized over time and mainstreamed as an accepted practice. “Our focus is on providing a platform to enable agile teams to visualize the workflow, how they work and making sure their priorities align and that they work in an agile way,” Mihailenko said.

Their persistence appears to have paid off. From the five co-founders, they have grown to 115 employees with over 1000 clients worldwide, according to Mihailenko.The development team remains in Minsk, but they have small offices in Buffalo, NY, London and Berlin.

They plan to use the money to push into new markets by hiring new sales and marketing professionals, who can help them expand and grow. They also intend to enhance the R&D team in Minsk and expect to reach 160 employees in the next 12-18 months.


Source: TechCrunch

This Photo Was Made With Radiation From Vintage Dishes

Peter Shellenberger uses old Fiestaware and Ektachrome film to make his autoradiographs.
Source: Wired

The Physics of Swinging a Mass on a String for Fun

With a specific setup, you can control the tension in the string.
Source: Wired

Some of the top female founders in the U.S. are backing the latest Female Founders Fund

Roughly five years after the launch of its first fund in 2013, Female Founders Fund (F3) has closed on $27 million for its latest seed fund — backed by some of the startup world’s top women entrepreneurs and investors.

Backed by a clutch of seriously impressive names in the startup and tech community, entrepreneurs financed by F3’s latest endeavor can count on a rolodex that includes Melinda Gates, the co-chair of the Bill & Melinda Gates Fooundation; Katrina Lake, the founder and CEO of StitchFix; Jenny Fleiss, the co-founder of Rent the Runway and Code 8; Hayley Barna, the co-founder of Birchbox and a partner at First Round Capital; Elizabeth Cutler, the co-founder of SoulCycle; Reshma Saujani, the founder of Girls Who Code; and Whitney Wolfe Herd, the founder of Bumble.

Launched by Anu Duggal with an $8 million first fund in 2013, F3 managed to amass an impressive portfolio of 30 companies that have gone on to raise some $500 million in capital. Early successes include Zola, Maven Clinic, Tala, WayUp, and ELOQUII. In the last two months alone, Tala has raised $65 million in new capital and Zola just closed on $100 million (Zola founder Shan-Lyn Ma is also backing the latest F3 Fund).

Duggal and her partner Sutian Dong are part of a clutch of female entrepreneurs and investors who are working hard to correct the gender discrimination that has plagued the tech community broadly, and the venture capital community specifically, from its earliest days.

Along with firms like Jesse Draper’s Halogen Ventures and Susan Lyne and Nisha Dua’s BBG Ventures, F3 is laser focused on backing female founded or led companies at the earliest stages, according to Duggal.

“We are continuing to double down on our focus on investing in female-founded companies,” she said.

The industry agnostic company has placed bets in everything from fintech, healthcare information technologies, enterprise software as a service and many other industries, but sees particular opportunities in the emergence of what Duggal calls “alternate communities” and at the confluence of healthcare and wellness.

She points to the startup Peanut, an online community for millennial mothers, and HipSobriety, a new take on Alcoholics Anonymous, as examples of the thesis.

Other companies in the fund’s current portfolio include Thrive GlobalWinky Lux, and Billie.

For Sutian Dong, who joined F3 from FirstMark Capital in 2016, the opportunity for seed investment in women entrepreneurs was too compelling to pass up.

“We have seen that capital can create a massive impact down the line,” says Dong of seed investing. But the advantages of F3’s investment go far beyond its money, the two partners said.

“The network and community perspective, and the ability to access other female founders that share knowledge and support each other,” is critical, says Dong. “The reality of early stage companies is that there’s never enough people and there’s never enough time,” she said. But leveraging the largest ecosystem of female founders can help startups with recruiting, customer development services and other unanticipated needs that founders have when getting a business off the ground.

Founding executives from the F3 portfolio gathered at the firm’s F3 Summit

“Female Founders Fund has done an incredible job of consistently creating value for their portfolio founders through their network and events,” said Arianna Huffington, founder of the F3 porfolio company, Thrive Global, in a statement. “Their values of supporting innovative female entrepreneurs and playing active roles in their growth is so important to us, and it’s been such an exciting journey working with them over the past year and-a-half. I’m honored to be a part of this community and to be a part of their growth story.”

“There’s a whole group of women who have really relevant professional and personal experiences and they’re leveraging that to start new businesses,” Duggal said.

While there’s still an overabundance of work that needs to be done, this wave of new investors and entrepreneurs is having an imapct on the community. “I run this women in VC community in New York and keep a directory of female investors internationally,” says Dong. “That group has expanded well into the hundreds of women across a number of countries at the early stage.”

Both Dong and Duggal point to the success of funds like Kirsten Green’s Forerunner Ventures, Aileen Lee’s Cowboy Ventures and Jennifer Fonstadt and Theresia Gouw’s Aspect Ventures as inspiration for their success and see opportunities for more funds to tap the underserved market for investing in good female entrepreneurs.

“We are incredibly excited to continue building on our thesis that it is possible to achieve outsized returns by investing in women,” said Duggal, in a statement. “With the support of our remarkable and successful base of investors, both institutional and strategic, we will continue to build a brand that invests in and champions female founders, while underscoring the larger conversation about the shift in dynamics within venture capital.”


Source: TechCrunch

Walmart snags majority of India's Flipkart for $16 billion – CNET

The deal gives Walmart a front-row seat to India’s rapidly growing e-commerce market.
Source: CNET

The legislative Hail Mary that may save net neutrality – CNET

The internet’s on “red alert” as Democrats attempt some political maneuvering. Here’s what you need to know.
Source: CNET

Is Elon Musk just an AI set on 'eccentric billionaire' mode? – CNET

Cryptocandy, flamethrowers, nuking Mars… Elon Musk’s code is starting to glitch out.
Source: CNET

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