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Archivo del Autor: Belen De Leon

Razer Blade (2018) review: The sharp-looking Blade rides the knife edge between gaming and work – CNET

The newly upgraded Razer Blade is the perfect laptop for undercover gaming.
Source: CNET

How a Uranium Hunter Sniffs Out Nuclear Weapons

Every bit of uranium ore has a chemical fingerprint specific to its source on Earth. Track the metal, and you can track the ne’er-do-well who took it.
Source: Wired

How Tech Shaped San Francisco’s Unresolved Mayor’s Race

This was supposed to be the election where the city rebelled against years of tech-fueled growth. It’s not turning out that way.
Source: Wired

The FCC's Net Neutrality Rules Are Dead, but the Fight Isn't

Efforts continue in Congress, the states, and the courts, to prevent internet providers from blocking or favoring certain content.
Source: Wired

Amazon's Prime discount at Whole Foods coming to 10 more states – CNET

The company also introduced a handful of new discounts just for Prime members.
Source: CNET

Pan-European seed fund firstminute hits a final fund close of $100M

New UK early stage VC firstminute Capital launched in June last year to the tune of $60m, with European VC Atomico as its first cornerstone investor. They were joined by 30 unicorns founders from Europe and the US. Last September they brought in the huge China-based company, Tencent reaching a fund size of $85m.

Today firstminute capital, the London-based pan-European seed fund announced a final close of $100m, and detailed its first batch of early-stage investments made since September.

Two institutional investors have now joined. Henkel, the €60bn publicly-listed FMCG giant, is making its first investment into a European seed fund, and Lombard Odier, one of Europe’s largest private banks, also joins.

The fund has three partners: Brent Hoberman CBE, Spencer Crawley and Henry Lane-Fox. Hoberman is chairman and co-founder of Founders Factory, a corporate-backed incubator/accelerator based in London, and also of Founders Forum, a series of invitation-only, but influential annual global events for leading entrepreneurs. He co-founded lastminute.com in April 1998, and sold to Sabre for $1.1bn in 2005. Crawley is co-founder and General Partner was previously Business Development at AppDirect (a San Francisco-based cloud commerce platform provider, backed by Peter Thiel’s Mithril Capital, latest valuation $1bn+), Investment Associate at DMC Partners (Goldman Sachs spin-out Special Opportunities fund), and Analyst in the Moscow office of Goldman Sachs. Lane-Fox is a partner at Founders Forum, Co-founder and CEO of Founders Factory, Co-founder of SmartUp.io, and previously part of the founding team of lastminute.com.

Hoberman said: “We’re excited to reach a significant milestone for firstminute, that helps us continue to support the most ambitious entrepreneurs globally. The latest investors to get behind the fund further increase our ability to have real impact, and we are buoyed by the rapid progress our portfolio founders are making. With our young and hard-working investment team, and our invaluable venture partners, we are hopeful that we can make our brand promise – of aspiring to be Europe’s most helpful seed fund – a reality. We were aiming to raise $60m for our first fund, and so to have closed our first fund at $100m is a strong signal for European technology.”

The link to Founders Forum is not insignificant. Hoberman curates an eclectic mix of founders investors and new entrepreneurs which has allowed him to tap a wide range of enthusiastic investors to his fund. These include the co-founders of lastminute.com, Adyen, Supercell, Skyscanner, Trulia, Skype, Autonomy, Betfair, King.com, BlaBlaCar, Qunar, Carphone Warehouse, Datamonitor, PartyGaming, Tradex Technologies, Net-a-Porter, Capital One Bank, Fox Kids Europe, Webhelp, Airtel, PartyGaming and others, alongside other successes such as Marketshare, Ticketbis, Nordeus and LoveFilm. Tommy Stadlen, author, former Obama campaign speechwriter and co-founder of Swing, which exited to Microsoft, is both an investor in firstminute and a venture partner.

firstminute says it has a European focus – with the flexibility to follow local lead funding events in the US and Israel – and says it typically plans to invest $1m into seed-stage businesses.

There will be a sector agnostic remit for the fund, but wil take a particular interest in Robotics, vertical AI, Healthtech, Blockchain, SaaS, Cyber, Gaming and D2C.

The fund also released more details of its portfolio companies to date including:

• Cambridge self-driving start-up Wayve<br />
• Fuel delivery business Zebra
• Wireless charging platform Chargifi
• ICO exchange Templum (which has raised an additional $10m).

Firstminute says three of its portfolio have raised subsequent rounds within 6 months of its investment.

The geographic spread of their 17 investments to-date has been UK, Germany, Portugal and Israel, as well as four investments in the US.

Family offices also feature heavily in the fund.

These include the JCDecaux family (€6bn market cap business), Baron Davies of Abersoch (former Labour minister and Standard Chartered CEO & Chairman), Sir Paul Ruddock (former CEO of Lansdowne Partners and Chairman of Oxford University’s Endowment) and Alex de Carvalho (founder of Public.io and Heineken non-executive director).

Firstminute is also now introducing its full-time operating team consisting of six investors: Lina Wenner (Cambridge, BCG), Camilla Mazzolini (OLX, Berenberg), Elliot O’Connor (founder of Code at Uni), Sam Endacott (Goldman Sachs), Anais Benazet (Founders Forum) and Clara Lindh (former freelance journalist).

Finally, three venture partners complete the set-up. Steve Crossan, formerly of DeepMind and Google and co-founder and former CTO of Brandwatch.com, currently also an XIR at Atomico; Arek Wylegalski, formerly of Index Ventures in London, and currently exploring opportunities in the blockchain space; and Tommy Stadlen.


Source: TechCrunch

2019 Volvo V60 first drive review: The best kind of cookie cutter – Roadshow

Volvo’s launched several knockout vehicles in a row, and the V60 keeps that trend alive.
Source: CNET

Xiaomi posts $1.1B quarterly loss ahead of much-anticipated IPO

A month after it filed for a much-anticipated Hong Kong IPO, Xiaomi has revealed a little more financial information after a monster 621-page document disclosed a $1.1 billion (seven billion RMB) loss for the first quarter of the year.

The IPO, which could raise up to $10 billion value Xiaomi at high as $100 billion, is set to be the largest IPO raise since Alibaba went public in the U.S. in 2014. That prospect got a boost with a dose of positive financial growth despite a loss incurred by one-off payments.

The document, which was filed was an application to issue a CDRs as part of a dual-listing that would include Mainland China, showed that Xiaomi’s revenue for the quarter jumped to 34 billion RMB, or $5.3 billion. That’s compared to 114.6 billion RMB ($17.9 billion) in total sales for all of last year, according to digging from TechCrunch partner site Technode.

While Xiaomi posted a loss for the quarter, the firm actually posted a 1.038 billion RMB ($162 million) profit for the period when one-time items are excluded. Xiaomi previously registered a 43.9 billion RMB ($6.9 billion) loss in 2017 on account of issuing preferred shares to investors (54 billion RMB) but it did post a slim profit in 2016.

The company is ranked fourth based on global smartphone shipments, according to analyst firm IDC, and it is one of the few OEMs to buck slowing sales in China.

China is, as you’d expect, the primary revenue market but Xiaomi is increasingly less dependent on its homeland. For 2017 sales, China represented 72 percent, but it had been 94 percent and 87 percent, respectively, in 2015 and 2016. India is Xiaomi’s most successful overseas venture, having built the business to the number one smartphone firm based on market share, and Xiaomi is pledging to double down on other global areas.

Interestingly there’s no mention of expanding phone sales to the U.S., but Xiaomi has pledged to put 30 percent of its IPO towards growing its presence in Southeast Asia, Europe, Russia “other regions.” Currently, it said it sells products in 74 countries, that does include the U.S. where Xiaomi sells accessories and non-phone items.

Despite its design progress, relative age as an eight-year-old company and the fact it is shooting for a $100 billion, Xiaomi left some spectators disappointed when it wheeled out a very iPhone X-looking new device earlier this month. While the company claims the Mi 8 is packed with new technology, it’s hard to look past the fact that a number of its visual designs are identical to Apple’s flagship smartphone. Xiaomi could have made a stronger statement of intent with the launch, but it will hope its financials can do the talking as it moves into the last moments of preparation before its public listing.


Source: TechCrunch

Inside Anduril, Palmer Luckey's Bid to Build A Border Wall

How the Oculus founder, along with ex-Palantir executives, plan to reinvent national security, starting with Trump’s agenda.
Source: Wired

A Single Drone Helped Mexican Police Drop Crime 10 Percent

Over four months, police in Ensenada, south of Tijuana, used a DJI drone to help make 500 arrests and cut robberies by 30 percent.
Source: Wired

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