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Archivo del Autor: Belen De Leon

Google is replacing Home devices bricked by firmware update – CNET

Google says there’s also a flash memory issue that’s corrupting the file system on some devices.
Source: CNET

Verizon, AT&T, T-Mobile and Sprint partner to make text messaging as smart as iMessage – CNET

The carriers are working together on a messaging standard called RCS.
Source: CNET

The SaaS gold rush will become the ‘Hunger Games’

SaaS has been the motherlode of enterprise software investing for two decades now. Venture investors, entrepreneurs, and Wall Street have all learned to pile on, leading to a shared consensus that cloud investing is “a sure thing.” Nothing is more destructive to investors over the long term than a sure thing, so I began to wonder, “what could cause the wonderful economics of cloud investing to unravel?â€�

My conclusion is that while the cloud is obviously here to stay, the next five years in cloud investing will neither be the same nor as easy as the last 10. My reason for writing this post is not to be a party pooper, but to provide a context for startups to navigate this potentially harsher environment. This post identifies three different startup strategies, all of which can work even in the more competitive cloud economy that I envisage. More on that below.

Big picture, the summary points are as follows:

First, cloud company valuations are at all-time highs which cannot be justified by improved company operating performance but can explained by 20 years of consistent 30% growth in the cloud software market. This has given investors the comfort to “pay up.�

Second, within the next two to three years, there will be a “growth crunch� as many cloud markets saturate. At that point the Gold Rush will become the Hunger Games, as cloud companies large and small compete against each other for survival.

Third, there will be three winning strategies for a startup when this happens: fight, or compete head on in an existing cloud market; focus, or find those parts of the cloud market where there is still low competition and good growth; fly, which is to build a company based on more than just the move to the cloud.

Fourth, “beyond the cloud� means “assume the cloud� and build on top of that stack using newer technologies and a design approach where instead of the user working for the software, the software works for (or instead of) the user. At Scale, we think of this as building the Intelligent Connected World (ICW).

Let’s walk through the details.

How did we get here?

We got here because the cloud model works. It works as a computer architecture, and there is no clear replacement architecture on the horizon. It works for customers by aligning incentives with vendors to keep their software working. And it works – brilliantly – as a financial model. In a world of low growth and low interest rates, SaaS looks like a perpetual motion machine and the valuations show it. Today the median SaaS multiple is 8.5x run rate versus an all-time average of 5.6x. Higher growth companies trade at even loftier multiples of 20x and 30x.

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Are cloud companies performing better than ever?

The short answer is no. The four charts below show growth rate, profitability, Sales Efficiency and the Rule of 40 (a combination of growth and profitability) for the entire public SaaS universe from 2004 to today. Each chart also shows separately the median for three sub-periods within this time period: pre-crash (2004 to 2008), the crash period (2009 to 2011), and post-crash (2011 to today).

The story is the same in every case. Pre-crash operating performance was stellar in what was then a new uncrowded market. The crash was brutal on growth and forced companies to get profitable fast. But since 2011, growth rates, EBITDA, Sales Efficiency and Rule of 40 measures have all been roughly flat and provide no justification for almost a doubling of valuations in the last two years.

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So why are these companies trading so richly?

It’s all about the growth

Sometimes the answer is in plain sight. The big picture in all the above numbers is that public companies in this sector have been growing at 30% plus for 15 years now, since the Salesforce IPO in 2004. Growth has not gone up but, far more importantly, it has not gone down.


Source: TechCrunch

"Faltan unos años para crear ordenadores cuánticos que funcionen bien"

Hablamos en exclusiva con el CEO de Google, Sundar Pichai, sobre cómo la compañía ha logrado la supremacía cuántica, un hito que a su juicio supone el comienzo de un gran avance en el campo. Combinada con la IA, el líder tecnológico está convencido de que la computación cuántica impulsará avances para resolver desafíos como el cambio climático
Source: MIT

Una versión de CRISPR para curar casi cualquier enfermedad genética

La llamada edición de calidad puede reescribir mutaciones genéticas sin cortar la cadena de ADN como hace la tijera genética. Gracias a ello, la nueva técnica consigue una mayor precisión que su antecesora y corrige la mayoría de las 75.000 mutaciones genéticas asociadas a enfermedades
Source: MIT

Pompeo Was Riding High—Until the Ukraine Mess Exploded

The US secretary of state may be a Trump favorite, but in light of the Ukraine scandal, Mike Pompeo’s ambitions for higher office seem to have dimmed.
Source: Wired

CBD for pain relief: What the science says – CNET

Should CBD be part of your pain-management arsenal? We dig into the scientific research.
Source: CNET

After its first earnings miss in two years, Amazon shares get walloped in after-hours trading

Amazon shares fell by nearly 7%, or $118.38, in after-hours trading on Thursday after the company reported its first earnings miss in two years.

Financial analysts had predicted that the launch of one-day shipping would eat into Amazon’s earnings, but even with the forewarning investors pummeled the stock after the market closed. It didn’t help that the company predicted revenues for the fourth quarter — including the all-important holiday season — also look soft.

The good news for Amazon amidst all the bad news was that revenue was actually up at the company. For the quarter Amazon raked in $70 billion, beating analysts’ expectations of $68.8 billion.

However, the company reported a profit of $2.1 billion, or $4.23 a share versus the $4.62 that analysts had projected. And even though sales were up this year, earnings per share were down from $5.75 in the year-ago period. As MarketWatch noted, it’s the first time earnings at the company have shrunk since 2017.

Screen Shot 2019 10 24 at 2.24.19 PM

Another potential warning sign for investors was the revenue from the company’s web services business, which came in at $9 billion. Analysts had predicted roughly $9.2 billion from the business line. If competition starts eating into the services business (which still grew at a healthy 35% over the year-ago period), that could spell problems for the company’s stock — which has used AWS revenues to buoy spending elsewhere.

The company has been spending heavily all year to offer new services. The expansion of its free one-day delivery program has cost Amazon more than $800 million in the second quarter.

Amazon founder and chief executive Jeff Bezos defended the move to one-day shipping in a statement.

“Customers love the transition of Prime from two days to one day — they’ve already ordered billions of items with free one-day delivery this year. It’s a big investment, and it’s the right long-term decision for customers,” Bezos said. “And although it’s counterintuitive, the fastest delivery speeds generate the least carbon emissions because these products ship from fulfillment centers very close to the customer — it simply becomes impractical to use air or long ground routes.â€�

Looking ahead to the holiday season Amazon predicted net sales of between $80 billion and $86.5 billion, with operating income between $1.2 billion and $2.9 billion, versus $3.8 billion from a year-ago period. Analysts were expecting to see revenue numbers more in the $87 billion range.


Source: TechCrunch

Zuckerberg in Twilight

The Facebook CEO’s latest trip to Washington, where he was grilled by a skeptical Congress, is captured perfectly in this one photograph.
Source: Wired

Lotame unveils Cartographer, its new approach to tracking user identity

Lotame, a company offering data management tools for publishers and marketers, today unveiled a new product called Cartographer — described by CMO Adam Solomon as “our new people-based ID solution.”

In other words, it’s Lotame’s offering to help businesses connect their visitor and customer data across platforms and devices.

We’ve written about plenty of other cross-device targeting technologies — and in fact, Lotame acquired one of them, AdMobius, in 2014. But Solomon said the landscape has become more challenging given privacy regulations and especially updated browsers that place new limits on the types of cookies that can be used to track users.

“There’s been an explosion of first-party cookies,” Solomon said, referring to cookies that are stored on the domain you’re actually visiting (as opposed to third-party cookies, which are increasingly blocked).

He argued that these “short-lived” cookies then create problems for publishers: “If you’re in Safari visiting the same site every day, a new ID could be generated” each day. So Cartographer deals with this by using data science and machine learning to attempt to “cluster” different IDs together that likely belong to the same user.

“Every day when we see an ID, we’ll capture it,” Solomon said. “We’re graphing those cookies together, these dozens or hundreds of cookies that we believe, based on our technology, that these cookies belong to the same individual.”

He also said that connecting IDs in this way is crucial to the whole “Russian nesting doll” of how a publisher or advertiser understands identity on the internet: “Cookies ladder up to devices, devices ladder up to people, people ladder up to households.” So by connecting cookies to people, Lotame can also offer better household-level data.

And far from being an attempt to circumvent privacy restrictions, Solomon argued that Cartographer actually makes it easier for publishers to stay compliant with Europe’s GDPR and California’s CCPA rules, because they can do a better job of storing a customer’s privacy preferences.

Grant Whitmore, chief digital officer at Lotame customer Tribune Publications, made a similar point: “One of the things that I think all publishers are wrestling with right now is really the disconnect that is occurring in the adtech landscape and the legislative landscape and really managing the persistence of that consent.”

Whitmore continued, “One of the unintended consequences of that legislation and some of what is happening in the browser space is that we could be forced into a position where we are having to ask you every single time you visit a site whether it’s okay to sell your data, whether it’s okay to track.”

And he said that’s one of the big reasons Tribune is deploying Cartographer across all its properties, including its nine core newspaper sites. Though he acknowledged that it’s more broadly useful too.

“From the standpoint of our core business, getting a more complete picture of who a user is across these device types … That is of ongoing importance to us,” Whitmore said. “As we fight in this very competitive landscape, our ability to bring our understanding of who a user is, what their interests are … and providing good solutions — whether on the advertising front or whether that’s handling digital subscription offers — is just table stakes at this point.”

Solomon, meanwhile, said that Cartographer’s benefits go beyond “just figuring which IDs cluster together to represent an individual,” because it’s also ensuring that there’s proper ID synchronization with other data and ad-buying platforms.

“We make sure there’s maximum connectivity, maximum dial tone, with all the ecosystem participants,” he said.


Source: TechCrunch

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