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The 'Capitalism is Broken' Economy

Culture Study Share This is the midweek edition of Culture Study — the newsletter from Anne Helen Petersen. If you like it and want more like it in your inbox, consider subscribing.  Subscribers: If you haven’t activated your invitation to Sidechannel, email me for a new one! Along with Eric Newcomer, I’ll be interviewing the CEO of Cameo this Thursday afternoon (4/22) at 4 pm ET / 1 pm PT. If you’re curious about Sidechannel, read more about it here. "We have four positions open," ...
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Creator Economy Hires, Departures, Investments: Night Media, Twitter

The audio chat-room app Clubhouse raised a Series C round that valued the company at $4 billion despite its install numbers dipping in recent months.  Apple is introducing a subscription feature for its podcasting platform. The company plans to charge creators $19.99 to be a part of the program and will take 30% of earnings in the first year. The fee drops to 15% in the second year.  Netflix is launching an unscripted series with TikTok group the Hype House. The show, produced by Wheelho...
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Why IT Leaders Should Make Cloud Training a Top Priority

Informationweek Why IT Leaders Should Make Cloud Training a Top Priority As IT operations continue drifting into the cloud, its important to ensure that organization personnel keep pace with the latest skills and practices. Adam Burden, North America technology lead for business and technology advisory firm Accenture, has a firm opinion on cloud training. "All leaders should make cloud training a priority—its a technology thats fundamentally reshaping every industry and [is] the main ingredie...
New York United States Myke Miller John Edwards Angela Moynahan Deloitte Cloud Institute

WSO2 Expands Global Customer Base and Revenues in 2020

WSO2 Expands Global Customer Base and Revenues in 2020 Expansion of WSO2’s worldwide customers, revenues, team and channels position the company for its next stage of growth February 23, 2021 09:00 ET | Source: WSO2, Inc. WSO2, Inc. Mountain View, California, UNITED STATES Mountain View, CA, Feb. 23, 2021 (GLOBE NEWSWIRE) -- WSO2, the leader in digital transformation technology, today announced that 139 enterprises joined as new custom...
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Uber investor Gurley: spending billions on self-driving was a waste

Close icon Two crossed lines that form an X. It indicates a way to close an interaction, or dismiss a notification. Uber launched its own self-driving team in 2015. Jeff Swensen/Getty Images That money would have been better spend on food delivery, he told journalist Eric Newcomer.  Ubers sold off its self-driving unit in late 2020 as it grappled with a revenue downturn.   Ubers food-delivery business has been a massive boon for the c...
Bill Gurley Donald Trump Technologies Group Early Uber Eric Newcomer Advanced Technologies Group

One of Uber's earliest investors says the billions it spent on self-driving were a 'waste of money'

One of Ubers earliest investors says the billions it spent on self-driving were a waste of money tlevin@businessinsider.com (Tim Levin) Early Uber investor Bill Gurley said the company "burned" billions of dollars on self-driving tech.  That money would have been better spend on food delivery, he told journalist Eric Newcomer.  Ubers sold off its self-driving unit in late 2020 as it grappled with a revenue downturn.   Popular Searches One early investor in the company, Bench...
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Source: msn.com

Top VCs say a16z isn't the only one with a 'direct' media plan

Close icon Two crossed lines that form an X. It indicates a way to close an interaction, or dismiss a notification. Phillip Faraone/Getty; Steve Jennings/Getty This story is available exclusively to Insider subscribers. Become an Insider and start reading now. An article on how Andreessen Horowitz has eschewed the press and is building its own media site was the talk of the VC world last week. On Monday, a16z announced journalist...
New York United States Josh Constine Margit Wennmachers Maggie Leung Donald Trump

Venture capital deals in San Francisco reached a 10-year low in 2020

Despite record-breaking investment in the venture capital industry, the Bay Area saw a sharp decline in angel and seed deals in 2020, according to a report by Pitchbook and the National Venture Capital Association. In 2020, San Francisco reached only 81.2% of the angel and seed deals it made in 2019. Although it still had more deals than any other city, it recorded a "a 10-year low in proportion of total deal count." This means, compared to other major cities, San Francisco was less dominant th...
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Digital Innovation Is the Key to Adaptability and Continued Survival

PHOTO: Diego PH on Unsplash Gartner’s annual survey of CIOs is always worth reading. Apart from identifying emerging trends in technology, it also looks at how CIOs are addressing problems in the wider enterprise that are not focused on technology, but which might have technology solutions. This year is no exception and with COVID-19 still running rampant in the U.S. and Europe, CIOs have been faced with the challenge of enabling large numbers of workers to work from home. behind paywall)...
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