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Archivo del Autor: Belen De Leon

2020 Lincoln Aviator Grand Touring hits the road with plug-in power – Roadshow

With emphasis on the “power,” the Aviators twin-turbocharged plug-in hybrid V6 boasts nearly 500 horsepower and 630 pound-feet of torque.
Source: CNET

The 2020 Lincoln Aviator takes flight with plug-in hybrid power video – Roadshow

Lincoln’s more reasonably sized three-row model debuts a number of tech firsts for the brand, not the least of which is a plug-in hybrid option.
Source: CNET

2020 Lincoln Aviator plug-in hybrid first drive review: This changes everything – Roadshow

With more power and the potential to dramatically improve efficiency, Lincoln’s first twin-turbo plug-in hybrid V6 promises to raise the bar for the brand.
Source: CNET

Zomato hits roadblocks in India as restaurants lose appetite for gold

Zomato, one of India’s biggest food delivery startups, has major ambitions. It is increasingly expanding its reach in the country to serve dozens of new cities and towns every few weeks.

It is investing heavily in building cloud kitchens to quickly meet demand for certain food items. And it is internally working on “Project Kisan�, something which has not been reported earlier, to procure raw material directly from farmers and fishermen to better control the supply of items to restaurants. It also wants to deliver food by drones in the coming future.

To boost its revenue, Zomato is also trying to bring Zomato Gold, a two-year-old subscription program as part of which it allows customers dining in at a restaurant to access a number of discounted deals on food and drinks, to users who prefer to eat at home, sources familiar with the matter have told TechCrunch in recent weeks.

Zomato Gold is already a hit with customers. The company expects Gold, which has amassed more than 800,000 customers, to bring in $20 million to $25 million in revenue by end of this year.

But before Zomato goes about extending the program, Zomato Gold’s foundation has come under severe scrutiny from a number of restaurant partners in India who say that the startup’s offering is hurting their bottom line and brand image.

More than 2,000 of the 6,500 partners of Zomato Gold have opted out of the program in recent days. The disruption occurred over the weekend after the National Restaurant Association of India (NRAI), a trade body that represents more than 500,000 restaurants in the country, kick started a #LogOut campaign against Zomato and other dining startups such as Nearbuy, Dineout, EazyDiner, and Magicpin.

zomato nrai

Image: Manish Singh / TechCrunch

The Gold program was supposed to be a win-win for both Zomato and restaurant partners. Zomato presents users with restaurant menus, the option to book tables or get food delivered. Thereby, restaurants get better discovery and hopefully some patrons, but more importantly, improved reviews because of the freebies. And for Zomato, which charges a fee for Gold subscription, it is able to better monetize its customer base.

But somewhere down the line, Zomato opened what was supposed to be a program for a limited number of subscribers to everyone, making it unfeasible for restaurants to handle the additional traffic.

Deepinder Goyal, CEO of Zomato, has acknowledged the resistance and admitted that the company has made mistakes. “Somewhere, we have made mistakes and things haven’t gone as planned. This is a wake up call that we need to do 100x more for our restaurant partners than we have done before.�

Zomato, which operates in two dozen countries, and other food startups and restaurant partners met earlier this week to reach a conclusion. That also did not go as planned.

“Over the past two days, NRAI has held extensive meetings with all restaurant aggregators and we were bemused to learn that the aggregators were promoting deep discounts to stay competitive amongst each other. While one aggregator gave 1+1 (one drink or food item free on purchase of another drink or food item), the other had to adopt a 50% discount scheme in order to stay relevant,� Rahul Singh, President of the NRAI, said in a statement.

Singh noted that it is restaurant partners that have to bear the cost of deep discounts that food aggregators offer on their platforms. “Restaurants do not get any share of the proceeds that aggregators generate from guests as subscription fees,â€� he added.

Zomato, on its part, assured that it will bring changes to its Gold program by mid-September to introduce measures to prevent over usage by customers. But late Wednesday, NRAI rejected the proposal calling it insufficient and said restaurants will continue to stay off Zomato.

The restaurant association said the problem is deep discounts that Zomato is bandying out through its Gold program and the startup’s proposed changes don’t really address that.

“It’s a tweak in the drug, which doesn’t solve the addiction. Since the launch in November 2017, this program has been shifting goalposts. What started as an exclusive invite only privilege, became a marketplace for bargain hunters, a word admitted by the Zomato founder in recent tweets. This Gold has lost its sheen. We stand united in the cause to obviate the deep discounting phenomenon and will therefore #stayloggedout,� the NRAI said in a statement.

Restaurants have also complained that if they do not accept Zomato Gold program, they risk disappointing customers who have come to expect that every restaurant has enrolled to Zomato Gold. These customers then leave bad ratings on Zomato, which significantly affects the number of orders they get. Zomato makes most of its revenue from promoting and selling listings on its platform.

A Zomato spokesperson told TechCrunch that the company was committed to making some changes to its program, but declined to comment further.


Source: TechCrunch

A $44m series B Drop in the bucket for millennial loyalty

Commerce and marketing are radically changing these days. Consumers are increasingly looking for brands they identify with, while at the same time, the cost of acquiring users is increasing year-over-year for marketers. For brands, that math makes marketing complicated: they want to reach the right customers with the most efficient acquisition channels in order to drive the best return.

Toronto-headquartered Drop thinks it has a formula — and one that might put some dollars (Canadian and U.S.) in consumers’ pockets. Drop is a mobile app that scans your credit card purchases and then proceeds to give you offers on things you might want to spend.

Those offers have now led to a big offer from VCs, to the tune of a $44 million series B round of capital led by Onsi Sawiris of HOF Capital . In addition, the Royal Bank of Canada joined the round as a strategic investor.

When we last caught up with CEO and founder Derrick Fung, Drop had recently raised its series A from NEA. In the interim, the startup has continued to grow rapidly, providing customers $19 million in rewards and helping to drive $350 million in sales to 300 merchant partners, according to the company.

Fung said that “our thesis … from two years ago is generally the same: consumers, especially this new generation of consumers, are all looking for new ways to save money and improve their financial health.â€� Meanwhile, “with retailers, they’re all hungry to find more cost-effective ways to market. And I’d say more than ever before, Facebook, Google, and the traditional platforms are just very expensive.â€�

Drop App Offer@2x

Drop offers consumers ways to gain points and spend them, such as this offer from Warby Parker. (Via Drop)

Drop wants to take those digital ad dollars and turn them into much more direct engagement with actual consumers. “What we’ve introduced, which we think is very unique, is instead of displaying ads, we are essentially cutting the consumer in on the deal. […] That’s what makes our platform more cost effective, because the consumer actually gets something in return.â€�

While Drop is now available in the U.S. and Canada on both iOS and Android, Fung says that the company’s next two markets will be Australia and the United Kingdom.

The loyalty space has heated up in the last few years with different strategic plays. Bumped, an app that pays consumers in the stock of the companies they shop at, has raised capital from Canaan. Meanwhile, New York City-based Lolli has taken a similar approach but pays out bitcoin instead.

Despite those new entrants, Fung believes that Drop’s current focus on points is the right call. “I’d say that based on research we’ve done, points is still the most favorite reward for consumers,â€� he said.

Since the company’s last fundraise, it acquired YC-backed Canopy Labs, which offered a service that helped companies evaluate customer journeys on their sites. The acquisition was designed to accelerate Drop’s machine learning capabilities to better match merchants and consumers as the company expands the depth of its two-sided marketplace.

The company currently has 77 employees across its Toronto and New York offices, and expects to double that count in the next 18 to 24 months. In addition to HOF and RBC, the round was joined by previous investors NEA, Sierra, and White Star Capital.


Source: TechCrunch

Compete in Startup Battlefield at Disrupt Berlin 2019

Lasst die Spiele beginnen, startup founders — let the games begin! In case you haven’t heard, the application window for the Startup Battlefield at Disrupt Berlin 2019 is wide open and waiting for you. Don’t miss the chance to launch your early-stage startup on an international stage in front of some of tech’s most influential movers and shakers. Grab this opportunity and apply to compete today.

What’s at stake? How does $50,000 sound? How does intense investor interest and global media exposure sound? Pretty darned good, amirite? Keep in mind that it won’t cost you anything to apply or to participate in the Startup Battlefield. No fees, no equity — no kidding.

All participants benefit from the exposure, and they all become part of the Startup Battlefield alumni community. Since 2007, 857 startups have launched their dreams on the Startup Battlefield stage and gone on to collectively raise $8.9 billion while producing 112 exits. Companies like Vurb, Dropbox, Mint, Yammer and many more. Is your startup the next big name?

Here’s how the world-famous pitch competition works.

The application process is simple, but very competitive. Veteran TechCrunch editors closely review every application looking for high-potential startups. They’ll select approximately 15-20 companies to compete

If your startup makes the cut, you’ll receive free pitch coaching from TechCrunch in the form of six rigorous weeks. The Battlefield team will help you fine-tune your pitch, demo and presentation skills. Come the big day, you’ll be ready to slay.

Startup Battlefield consists of two rounds. Each team has six minutes to pitch to a world-class panel of judges — followed by a six-minute Q&A session. The founders who make it through to the second round will present again to a fresh set of judges.

One remarkable startup will win the day, the Disrupt Cup, serious bragging rights and, oh yes, that $50,000 prize. All teams benefit, and we’re not just saying that to make you feel better. The event takes place in front of a huge audience filled with investors, media and tech icons — and we record and live-stream the whole shooting match around the world.

Participating in the Startup Battlefield can change the trajectory of your business. You’ll get to exhibit in Startup Alley for the entire show. Imagine starting conversations with potential investors or partners with, “We competed in TechCrunch’s Startup Battlefield.â€� You’ll have their attention.

The Startup Battlefield takes place at Disrupt Berlin 2019 on 11-12 December. Don’t miss out on this opportunity to debut your early-stage startup to the world and take it to new heights. Apply to Startup Battlefield today. Lasst die Spiele beginnen!

Pro Tip: You can use the same application to apply for the TC Top Picks program. If you make the cut, you’ll receive a free Startup Alley Exhibitor Package, VIP treatment and lots of media and investor exposure.

Is your company interested in sponsoring or exhibiting at Disrupt Berlin 2019? Contact our sponsorship sales team by filling out this form.


Source: TechCrunch

ThredUp, whose second-hand goods will start appearing at Macy’s and JCPenney, just raised a bundle

ThredUp, the 10-year-old fashion resale marketplace, has a lot of big news to boast about lately. For starters, the company just closed on $100 million in fresh funding from an investor syndicate that includes Park West Asset Management, Irving Investors and earlier backers Goldman Sachs Investment Partners, Upfront Ventures, Highland Capital Partners and Redpoint Ventures.

The round brings ThredUP’s total capital raised to more than $300 million, including a previously undisclosed $75 million investment that it sewed up last year.

A potentially even bigger deal for the company is a new resale platform that both Macy’s and JCPenney are beginning to test out, wherein ThedUp will be sending the stores clothing that they will process through their own point-of-sale systems, while trying to up-sell customers on jewelry, shoes, and other accessories.

It says a lot that traditional retailers are coming to see gently used items as a potential revenue stream for themselves, and little wonder given the size of the resale market, estimated to be a $24 billion market currently and projected to become a $51 billion market by 2023.

We talked yesterday with ThredUp founder and CEO James Reinhart to learn more about its tie-up with the two brands and to find out what else the startup is stitching together.

TC: You’ve partnered with Macy’s and JCPenney. Did they approach you or is ThredUp out there pitching traditional retailers?

JR: I think [the two companies] have been thinking about resale for some time. They’re trying to figure out how to best serve their customers. Meanwhile, we’ve been thinking about how we power resale for a broader set of partners, and there was a meeting of the minds six months ago

We’re positioned now where we can do this really effectively in-store, so we’re starting with a pilot program in 30 to 40 stores, but we could scale to 300 or 400 stores if we wanted.

TC: How is this going to work, exactly, with these partners?

JR: We have the [software and logistics] architecture and the selection to put together carefully curated selections of clothing for particular stores, including the right assortment of brands and sizes, depending on where a Macy’s is located, for example. Macy’s then wraps a high-quality experience around [those goods]. Maybe it’s a dress, but they wrap a handbag and scarves and jewelry around the dress purchase. We feel [certain] that future consumers will buy new and used at the same time.

TC: Who is your demographic, and please don’t say everyone.

JR: It is everyone. It’s not a satisfying answer, but we sell 30,000 brands. We serve lots of luxury customers with brands like Louis Vuitton, but we also sell Old Navy. What unites customers across all brands is they want to find brands that they couldn’t have afforded new; they’re trading up to brands that, full price, would have been too much, so Old Navy shoppers are [buying] Gap [whose shopper are buying] J. Crew and Theory and all the way up. Consistently, what we hear is [our marketplace] allows customers to swap out their wardrobes at higher rates than would be possible otherwise, and it feels to them like they’re doing it in a more [environmentally] responsible way.

TC: What percentage of your shoppers are also consigning goods?

JR: We don’t track that closely, but it’s typically about a third.

TC: Do you think your customers are buying higher-end goods with a mind toward selling them, to defray their overall cost? I know that’s the thinking of CEO Julie Wainwright at [rival] The RealReal. It’s all supposed to be a kind of virtuous circle of shopping.

JR:  We like to talk about buying the handbag, then selling it, but plenty of people will also buy a second-hand Banana Republic sweater because it’s a value [and because] fashion is the second-most polluting industry on the planet.

TC: How far are you going to combat that pollution? I’m just curious if you’re in any way try to bolster the sale of hemp, versus maybe nylon, clothes for example.

JR: We aren’t driving material selection. Our thesis is: we want to stay out of the fashion business and instead ensure there’s a responsible way for people to buy second hand.

TC: For people who haven’t used ThredUp, walk through the economics. How much of each sale does someone keep?

JR: On ThredUp, it isn’t a uniform payment; it depends instead on the brand. On the luxury end, we pay [sellers] more than anyone else — we pay up to 80 percent when we resell it. If it’s Gap or Banana Republic, you get maybe 10 or 15 or 20 percent based on the original price of the item.

TC: How would you describe your standards? What goes into the reject pile?

JR: We have high standards. Items have to be in like-new or gently used condition, and we reject more than half of what people send us. But I think there’s probably more leeway for the Theory’s and J.Crew’s of the world than if you’re buying a Chanel dress.

TC: Unlike some of your rivals, you don’t sell to men. Why not?

JR: Men’s is a small market in secondhand. Men wear the same four colors — blue, black, gray and brown — so it’s not a big resale market. We do sell kids’ clothing, and that’s a big part of our market.

TC: When Macy’s now sells a dress from ThredUp, how much will you see from that transaction?

JR: We can’t share the details of the economics.

TC: How many people are now working for ThredUp?

JR: We have less than 200 in our corporate office in San Francisco, and 50 in Kiev, and then across four distribution centers — in Phoenix; Mechanicsburg [Pa.]; Atlanta; and Chicago — we have another 1,200 employees.

TC: You’ve now raised a lot of money in the last year. How will it be used?

JR: On our resale platform [used by retailers like Macy’s] and on building our tech and operations and building new distribution centers to process more clothing. We can’t get people to stop sending us stuff. [Laughs.]

TC: Before you go, what’s the most under-appreciated aspect of your business?

JR: The logistics behind the scenes. I think for every great e-commerce business, there are incredible logistics [challenges to overcome] behind the scenes. People don’t appreciate how hard that piece is, alongside the data. We’re going to process our 100 millionth item by the end of this year. That’s a lot of data.


Source: TechCrunch

You’ve Been Drinking Microplastics, But Don’t Worry—Yet

A new WHO report says drinking microplastic particles isn’t yet a threat to human health. But we need way more research.
Source: Wired

Eminem’s publisher accuses Spotify of copyright infringement in new lawsuit

Eminem’s music publisher Eight Mile Style has filed a lawsuit against Spotify, accusing the service of “blatant copyright infringement” in streaming “Lose Yourself” and other Eminem songs.

As explained by The Hollywood Reporter, the suit is tied Spotify’s implementation the Music Modernization Act, which was signed into law last year. Under the MMA, Spotify can obtain a compulsory license to stream a song, but it would still need to file a “notice of intention” and pay rightsholders.

However, Eight Mile says, “Spotify did not have any license to reproduce or distribute the Eight Mile Compositions, either direct, affiliate, or compulsory, but acted deceptively by pretending to have compulsory and/or other licenses.”

For example, the complaint describes the service’s treatment of “Lose Yourself” as “the most egregious example of Spotify’s willful infringement,” saying that Spotify placed the song in the Copyright Control category, which is “reserved for songs for which the copyright owner is not known so the song cannot be licensed.”

Eight Mile then characterizes this position as “absurd”: “Spotify, and [the Harry Fox Agency], its agent … certainly knew (and had the easy means to know) that Eight Mile is the copyright owner of ‘Lose Yourself.’”

In addition, Eight Mile claims that even though the songs in question have been “streamed on Spotify billions of times,” the service has “not accounted to Eight Mile or paid Eight Mile for these streams but instead remitted random payments of some sort, which only purport to account for a fraction of those streams.”

The complaint also takes issue with protections that Spotify might claim under the MMA, saying that if the law limits Spotify’s liability, then it represents “an unconstitutional denial of due process (both procedural and substantive), and an unconstitutional taking of vested property rights.”

This isn’t the first time Eight Mile has challenged digital music platforms: It sued Apple over copyright issues more than a decade ago, and ultimately settled.

In an emailed statement, Eight Mile’s attorney Richard Busch described this as “a very important lawsuit for all songwriters that raises vital issues for those whose songs stream on Spotify or other Digital Music Providers.”

We’ve reached out to Spotify for comment and will update if we hear back.


Source: TechCrunch

T-Mobile customers report outage, can’t make calls or send text messages

T-Mobile customers across the U.S. say they can’t make calls or send text messages following an apparent outage — although mobile data appears to be unaffected.

We tested with a T-Mobile phone in the office. Both calls to and from the T-Mobile phone failed. When we tried to send a text message, it said the message could not be sent. The outage began around 3pm PT (6pm ET).

Users took to social media to complain about the outage. It’s not clear how many customers are affected, but users across the U.S. have said they are affected.

A spokesperson for T-Mobile did not immediately comment, but a T-Mobile support account said the cell giant has “engaged our engineers and are working on a resolution.”

T-Mobile is the third largest cell carrier after Verizon (which owns TechCrunch) and AT&T. The company had its proposed $26.5 billion merger with Sprint approved by the Federal Communications Commission, despite a stream of state attorneys general lining up to block the deal.


Source: TechCrunch

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