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{"status":"ok","feed":{"url":"https://techcrunch.com/feed/","title":"TechCrunch","link":"https://techcrunch.com/","author":"","description":"Startup and Technology News","image":"https://techcrunch.com/wp-content/uploads/2015/02/cropped-cropped-favicon-gradient.png?w=32"},"items":[{"title":"The World Cup led to a record-breaking number of app downloads and consumer spend in Q2","pubDate":"2018-07-20 16:07:17","link":"https://techcrunch.com/2018/07/20/the-world-cup-led-to-a-record-breaking-number-of-app-downloads-and-consumer-spend-in-q2/","guid":"https://techcrunch.com/?p=1677256","author":"Sarah Perez","thumbnail":"https://techcrunch.com/wp-content/uploads/2018/07/downloads-Q2-2018.png?w=680","description":"The second quarter of 2018 was another record-breaker for mobile app downloads and revenue. According to a new report this week from App Annie, there were over 28.4 billion app downloads worldwide across both iOS and Google Play in the quarter, up 15 percent year-over-year. That number is even more remarkable because it doesn\u2019t include [\u2026]","content":"\n<p>The second quarter of 2018 was another record-breaker for mobile app downloads and revenue. According to a new <a href=\"https://www.appannie.com/en/insights/market-data/global-app-downloads-grew-15-and-consumer-spend-20-in-q2-2018-versus-a-year-ago/\">report</a> this week from App Annie, there were over 28.4 billion app downloads worldwide across both iOS and Google Play in the quarter, up 15 percent year-over-year. That number is even more remarkable because it doesn\u2019t include reinstalls or updates \u2013 only new app downloads. In addition, consumer spending in apps was up 20 percent year-over-year to reach $18.5 billion across iOS and Google Play combined.</p>\n<p>This is the most money spent in apps compared with any other quarter before, the report notes, topping the prior quarter\u2019s record-breaking $18.4 billion in app revenue, and 27.5 billion downloads.</p>\n<p>Much of the download activity in Q2 came from Google Play.</p>\n<p>On its app marketplace alone, global downloads topped 20 billion, up 20 percent year-over-year and widening the gap between itself and iOS by 25 percent points to 160 percent. (See below).</p>\n<p><img class=\"alignnone size-large wp-image-1677286\" src=\"https://techcrunch.com/wp-content/uploads/2018/07/downloads-Q2-2018.png?w=680\" alt=\"\" width=\"680\" height=\"491\"></p>\n<p>This massive download growth is attributable largely to India, says <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/app-annie/\" target=\"_blank\" data-type=\"organization\" data-entity=\"app-annie\">App Annie <span class=\"crunchbase-tooltip-indicator\"></span></a>.</p>\n<p>The country was the biggest driver of download growth year-over-year in both absolute values and growth in market share. Indonesia also played a big role in Google Play downloads.</p>\n<p>Meanwhile, the U.S., Russia and Saudi Arabia saw the largest growth in iOS downloads.</p>\n<p>In particular, Google Play app downloads included growth in categories like games, video players and editors, and \u2013 not surprisingly, given the World Cup \u2013 sports applications. And on iOS, Sports apps were also the largest driver of global iOS downloads, followed by Finance and Travel apps.</p>\n<p>The impact on the 2018 FIFA World Cup on sports app downloads was also highlighted last month by <a href=\"https://sensortower.com/blog/world-cup-streaming-app-downloads\">Sensor Tower</a>, whose own analysis found that new installs of the five leading live TV on demand apps offering channels with the World Cup grew 77 percent during the first week of World Cup coverage, compared with the three preceding weeks (excluding the NBA Finals period).</p>\n<p>Sports streaming service fuboTV saw the largest impact, growing at a whopping 713 percent and adding 309K new users in the U.S., while Hulu saw the smallest impact at 18 percent growth. <img class=\"alignnone size-large wp-image-1677293\" src=\"https://techcrunch.com/wp-content/uploads/2018/07/world-cup-streaming-apps-downloads.png?w=680\" alt=\"\" width=\"680\" height=\"478\"></p>\n<p>Single network apps grew, too, this earlier report said. FOX Sports downloads increased by 95x for the same period, while Telemundo Deportes En Vivo grew 444x, for example.</p>\n<p>App Annie added that the top 3 sports apps in Android in the U.S. during the first three weeks of the tournament were\u00a0Telemundo Deportes (#1), FOX Sports GO (#2), and FOX Sports (#3), in terms of average megabytes per user \u2013 an indication of users\u2019 live-streaming activity. The apps were also new entrants to the top 10 list of apps by total time spent, compared with the three weeks directly prior.</p>\n<p>In the U.K., over 6 million hours were spent in the top 10 sports apps on Android during the first 3 weeks of the World Cup, up 65 percent from the 3 weeks prior.</p>\n<p>The World Cup also had an impact on consumer spending in apps in the quarter.</p>\n<p><img class=\"alignnone size-large wp-image-1677307\" src=\"https://techcrunch.com/wp-content/uploads/2018/07/Consumer-Spend-Q2-2018.png?w=680\" alt=\"\" width=\"680\" height=\"491\"></p>\n<p>Sports apps on iOS were the third largest contributors to absolute growth in consumer spend and in market share in Q2, while Entertainment and Productivity apps were numbers one and two, respectively. In-app subscriptions for both Sports and Entertainment apps drove the consumer spending increases.</p>\n<p>On Google Play, Games, Social, and Music &amp; Audio apps saw the largest download growth, quarter-over-quarter.</p>\n<p>However, despite the downloads and consumer spending in sports and TV apps, the charts of the top 10 apps by worldwide downloads and consumer spending look a lot like they usually do \u2013 with Facebook apps dominating the top 10 by downloads (Messenger, Facebook, WhatsApp and Instagram were the top\u00a0 4).</p>\n<p>And the top 10 apps by spending were still largely those subscription-based entertainment services like Netflix, Tencent Video, iQIYI, Pandora, Youku, and YouTube.</p>\n<p><img class=\"alignnone size-large wp-image-1677306\" src=\"https://techcrunch.com/wp-content/uploads/2018/07/top-downloads-ww-q2-2018-1.png?w=680\" alt=\"\" width=\"680\" height=\"495\"></p>\n<p><img class=\"alignnone size-large wp-image-1677305\" src=\"https://techcrunch.com/wp-content/uploads/2018/07/top-consumer-spend-ww-q2-2018-1.png?w=680\" alt=\"\" width=\"680\" height=\"495\"></p>\n","enclosure":{},"categories":["Apps","Mobile","App Annie","app-store","Google Play","iOS App Store","sensor tower","world cup"]},{"title":"Tempow\u2019s Bluetooth stack can improve your TV setup","pubDate":"2018-07-20 15:12:04","link":"https://techcrunch.com/2018/07/20/tempows-bluetooth-stack-can-improve-your-tv-setup/","guid":"https://techcrunch.com/?p=1677272","author":"Romain Dillet","thumbnail":"","description":"French startup Tempow has been working on improving the Bluetooth protocol at a low level to make it more versatile. The company is introducing a new audio profile for your TV or set-top box. TV and set-top box manufacturers can license Tempow\u2019s software and integrate new features in their devices. It works with regular Bluetooth [\u2026]","content":"\n<p>French startup <a href=\"https://tempow.com/\" title=\"Tempow\">Tempow</a> has been working on improving the Bluetooth protocol at a low level to make it more versatile. The company is introducing a new audio profile for your TV or set-top box.</p>\n<p>TV and set-top box manufacturers can license <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/tempow/\" target=\"_blank\" data-type=\"organization\" data-entity=\"tempow\">Tempow\u2019s <span class=\"crunchbase-tooltip-indicator\"></span></a> software and integrate new features in their devices. It works with regular Bluetooth chips, but it opens up new possibilities.</p>\n<p>In particular, Tempow has been working on a one-to-many pairing model. You can pair multiple Bluetooth speakers with your TV to create a wireless surround system using good old Bluetooth speakers.</p>\n<p>The reason why soundbars slowly replaced 5.1 systems is that you don\u2019t have to run cables on the floor to the back speakers. Tempow solves that, and Bluetooth speakers are much cheaper than a bunch of Sonos speakers.</p>\n<p>With Tempow\u2019s stack, you can also stream different audio tracks to different devices. In other words, you could pair multiple headphones with your TV and watch a movie in different languages. If your kid is too young to read subtitles, you no longer need to make compromises.</p>\n<p>You can also configure each speaker individually so that you can reproduce the same sound profile across the board, even if you\u2019re using speakers from different brands.</p>\n<p>The startup first worked on an audio profile for smartphones. For instance, if you have a Moto X4 phone, you can pair it with multiple Bluetooth speakers at once. With today\u2019s news, the company is expanding beyond smartphones. But it\u2019s still about Bluetooth.</p>\n","enclosure":{},"categories":["Europe","Startups","France Newsletter","Tempow"]},{"title":"Prices for Disrupt SF 2018 passes increase in a few days","pubDate":"2018-07-20 15:00:27","link":"https://techcrunch.com/2018/07/20/prices-for-disrupt-sf-2018-passes-increase-in-a-few-days/","guid":"https://techcrunch.com/?p=1674790","author":"Emma Comeau","thumbnail":"https://techcrunch.com/wp-content/uploads/2018/07/TC-Disrupt-SF-PassReminderBanner-1600x220-1.jpg?w=680","description":"There isn\u2019t a business person alive who doesn\u2019t appreciate an advantage, but sometimes folks\u00a0need to be reminded of an advantage that\u2019s staring them right in the face. This is that reminder. Your opportunity to save up to $1,200 on passes to Disrupt San Francisco 2018, which takes place on September 5-7, comes to an end [\u2026]","content":"\n<p>There isn\u2019t a business person alive who doesn\u2019t appreciate an advantage, but sometimes folks\u00a0need to be reminded of an advantage that\u2019s staring them right in the face. This is that reminder. Your opportunity to save up to $1,200 on passes to <a href=\"https://techcrunch.com/events/disrupt-sf-2018/?ref=marketingpost12&amp;unii-trigger-open=GSLDXW\">Disrupt San Francisco 2018</a>, which takes place on September 5-7, comes to an end on <strong>July 25 at 5 p.m. PST</strong>. Why pay more? <a href=\"https://techcrunch.com/events/disrupt-sf-2018/?ref=marketingpost12&amp;unii-trigger-open=GSLDXW\">Go buy your passes today</a>.</p>\n<p>Disrupt SF 2018 is the place to be if you\u2019re at all interested in tech startups. Whether you\u2019re a founder, an investor, a marketer or a job-seeker, you\u2019ll find plenty of inspiration, opportunity and blow-your-mind technology at Disrupt. And this year, we\u2019ve gone all-out to produce our biggest Disrupt event ever.</p>\n<p>What\u2019s that mean? Well, take <a href=\"http://www.techcrunch.com/startup-battlefield\">Startup Battlefield</a> for example. We\u2019ve upped the ante on the world\u2019s best startup pitch competition by increasing the prize money to $100,000 in non-equity cash. Yeah, we did. You know the battle will be even more fierce, exciting and epic.</p>\n<p>It also means we\u2019ve tripled our floor space by moving the party over to Moscone Center West. We expect a minimum of 10,000 attendees, and you\u2019ll find more than 1,200 outstanding startups and exhibitors showcasing an incredible array of technology on our show floor in <a href=\"https://techcrunch.com/events/disrupt-sf-2018/startup-alley/\">Startup Alley</a>.</p>\n<p>Disrupt is famous for the quality of its speakers and (shameless brag) we\u2019ve outdone ourselves this year. We\u2019re offering more than 40 presentations, and here\u2019s just a taste of what you can expect: Whitney Wolfe Herd, founder and CEO, Bumble; Reid Hoffman, partner, Greylock; and Dara Khosrowshahi, CEO, Uber. <a href=\"https://techcrunch.com/events/disrupt-sf-2018/#0bba9a75-29bc-43c9-aa6b-bf3a24cdaf3f\">Check out the full speaker lineup here</a>.</p>\n<p>If you want to dig even deeper, you can check out the full <a href=\"https://techcrunch.com/events/disrupt-sf-2018/#e98b9c14-3edb-4610-a4ee-08a5cccf4e60\">Disrupt San Francisco 2018 agenda</a>.</p>\n<p>We also wanted our hackathon to reflect the grandeur of this year\u2019s Disrupt. How\u2019d we do that? By going virtual \u2014 and global. Thousands of the best hackers, developers, designers and programmers around the world can compete in our <a href=\"https://techcrunch.com/2018/03/29/introducing-the-techcrunch-disrupt-sf-18-virtual-hackathon/\">Virtual Hackathon</a>. The application for submitting a hack is August 2. If you want to compete, <a href=\"https://disruptsf2018.devpost.com/\">sign up right here</a>, right now.</p>\n<p><a href=\"https://techcrunch.com/events/disrupt-sf-2018/?ref=marketingpost12&amp;unii-trigger-open=GSLDXW\">Disrupt San Francisco 2018</a> takes place on September 5-7, and early-bird pricing disappears \u2014 along with your chance to save up to $1,200 \u2014 on July 25. You don\u2019t need to be in fintech to know a good deal when you see one. <a href=\"https://techcrunch.com/events/disrupt-sf-2018/?ref=marketingpost12&amp;unii-trigger-open=GSLDXW\">Go buy your passes today</a>.</p>\n<p><a href=\"https://techcrunch.com/events/disrupt-sf-2018/?ref=marketingpost12&amp;unii-trigger-open=GSLDXW\"><img class=\"aligncenter size-large wp-image-1671790\" src=\"https://techcrunch.com/wp-content/uploads/2018/07/TC-Disrupt-SF-PassReminderBanner-1600x220-1.jpg?w=680\" alt=\"\" width=\"680\" height=\"94\"></a></p>\n","enclosure":{},"categories":["Events","TC","CrunchMatch","Disrupt","Disrupt SF \u201918","disrupt sf 2018","Startup Alley","Startup Battlefield","TechCrunch Disrupt San Francisco 2018"]},{"title":"Dish is the first TV provider to offer support for Apple\u2019s Business Chat","pubDate":"2018-07-20 14:30:02","link":"https://techcrunch.com/2018/07/20/dish-is-the-first-tv-provider-to-offer-support-for-apples-business-chat/","guid":"https://techcrunch.com/?p=1677241","author":"Sarah Perez","thumbnail":"","description":"Dish today announced it\u2019s becoming the first TV provider to offer customer support over Apple\u2019s Business Chat. Launched earlier this year, Business Chat allows companies to communicate with their customers over iMessage in order to answer questions, provide customer service, or even enable purchases. In Dish\u2019s case, the TV provider says its customers can use [\u2026]","content":"\n<p><a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/dish/\" target=\"_blank\" data-type=\"organization\" data-entity=\"dish\">Dish <span class=\"crunchbase-tooltip-indicator\"></span></a> today announced it\u2019s becoming the first TV provider to offer customer support over Apple\u2019s Business Chat. <a href=\"https://techcrunch.com/2018/01/24/apple-to-take-on-messaging-rivals-with-launch-of-business-chat/\">Launched earlier this year,</a> Business Chat allows companies to communicate with their customers over iMessage in order to answer questions, provide customer service, or even enable purchases. In Dish\u2019s case, the TV provider says its customers can use Business Chat to reach a live agent with their questions, make account changes, schedule an appointment, and more.</p>\n<p>They can even use their credit card in Business Chat to order a pay-per-view movie or sporting event, then watch it within minutes of confirming the purchase, Dish says.</p>\n<p>This feature takes advantage of <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/apple/\" target=\"_blank\" data-type=\"organization\" data-entity=\"apple\">Apple <span class=\"crunchbase-tooltip-indicator\"></span></a> Pay, which lets you quickly make purchases using your stored payment information without having to leave the iMessage conversation.</p>\n<p>Business Chat is as secure as placing a call, where customers would have had to provide information to identify themselves as the account holder. As Dish explains, Apple Business Chat doesn\u2019t display the customer\u2019s contact information to the agents, so customers can choose if they want to share that information themselves. They\u2019re also in control of authenticating their account, if they want to make changes or purchases.</p>\n<p>\u201cTV should be simple, so we\u2019ve made reaching our live customer service representatives as easy as sending a text,\u201d said John Swieringa, Dish\u2019s chief operating officer, in a statement about the launch. \u201cAdding messaging with Apple Business Chat is a powerful way to connect with us, giving another choice so you can pick what fits with your life.\u201d</p>\n<p>Business Chat is a direct attack by Apple on social media platforms like Facebook and Twitter.</p>\n<p>Today, businesses tend to set up Facebook Pages and often offer customers the ability to reach out over Facebook\u2019s Messenger, Instagram and WhatsApp with questions. Twitter has also entered the customer service business, allowing businesses to respond to customers over tweets and DMs. Business Chat offers companies an alternative to social media, with the advantage of having access to Apple Pay built-in. (Facebook, meanwhile, hasn\u2019t established itself as a payments company nor does much of its user base keep their payment information on file with the company. The same goes for Twitter.)</p>\n<p>In addition, operating over iMessage means businesses get even closer with their customers \u2013 their conversations are in the same Messages app as chats with friends and family, not in a third-party app. And Apple isn\u2019t interested in profiting from data collection. Its main goal is to sell more devices, which in turn allows it to sell more of its own services to users, like iCloud storage and Apple Music.</p>\n<p>That said, it\u2019s not likely that businesses will abandon their social media presence for Business Chat, so it may end up being just one more place for them to check \u2013 albeit one with an install base of hundreds of millions.</p>\n<p>Dish is one of the earlier adopters for Business Chat. Other companies on the platform include Aramark, Discover, Four Seasons, Harry &amp; David, Hilton, The Home Depot, Lowe\u2019s, Marriott, NewEgg, T-Mobile, TD Ameritrade, Wells Fargo, 1-800-Flowers, and, of course, Apple.</p>\n<p>To chat with Dish via Business Chat on iPhone or iPad (iOS 11.3 or higher), customers search for \u201cDish\u201d then tap the Messages icon that appears next to the Dish search result. They can also open chat from the contact page of their MyDISH app, where they manage their Dish TV account.</p>\n","enclosure":{},"categories":["Mobile","Apple","business chat","Customer Service","Dish","social media","television","tv"]},{"title":"Facebook, Google and more unite to let you transfer data between apps","pubDate":"2018-07-20 13:08:17","link":"https://techcrunch.com/2018/07/20/data-transfer-project/","guid":"https://techcrunch.com/?p=1677199","author":"Josh Constine","thumbnail":"https://techcrunch.com/wp-content/uploads/2018/07/AI_Blue_FileSharing1.png?w=524","description":"The Data Transfer Project is a new team-up between tech giants to let you move your content, contacts, and more across apps. Founded by Facebook, Google, Twitter, and Microsoft, the DTP today revealed its plans for an open source data portability platform any online service can join. While many companies already let you download your [\u2026]","content":"\n<p>The Data Transfer Project is a <a href=\"https://datatransferproject.dev/\">new team-up between tech giants</a> to let you move your content, contacts, and more across apps. Founded by Facebook, Google, Twitter, and Microsoft, the DTP today revealed its plans for an open source data portability platform any online service can join. While many companies already let you download your information, that\u2019s not very helpful if you can\u2019t easily upload and use it elsewhere \u2014 whether you want to evacuate a social network you hate, back up your data somewhere different, or bring your digital identity along when you try a new app.\u00a0The DTP\u2019s tool isn\u2019t ready for use yet, but the group today laid out a white paper for how it will work.</p>\n<p>Creating an industry standard for data portability could force companies to compete on utility instead of being protected by data lock-in that traps users because it\u2019s tough to switch services. The DTP could potentially offer a solution to a major problem with social networks I detailed in April:<a href=\"https://techcrunch.com/2018/04/13/free-the-social-graph/\"> you can\u2019t find your friends from one app on another</a>. We\u2019ve asked Facebook for details on if and how you\u2019ll be able to transfer your social connections and friends\u2019 contact info which it\u2019s historically hoarded.</p>\n<div class=\"embed breakout\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"bs4JcUXDSn\"><p><a href=\"https://techcrunch.com/2018/04/13/free-the-social-graph/\">Facebook shouldn\u2019t block you from finding friends on competitors</a></p></blockquote>\n<p></p>\n</div>\n<p><img class=\"alignright wp-image-1677223\" src=\"https://techcrunch.com/wp-content/uploads/2018/07/AI_Blue_FileSharing1.png?w=524\" alt=\"\" width=\"320\" height=\"250\">From porting playlists in music streaming services to health data from fitness trackers to our reams of photos and videos, the DTP could be a boon for startups. Incumbent tech giants maintain a huge advantage in popularizing new functionality because they instantly interoperate with a user\u2019s existing data rather than making them start from scratch. Even if a social networking startup builds a better location sharing feature, personalized avatar, or payment system, it might be a lot easier to use Facebook\u2019s clone of it because that\u2019s where your profile, friends, and photos live.</p>\n<p>If the DTP gains industry-wide momentum and its founding partners cooperate in good faith rather than at some bare minimum level of involvement, it could lower the barrier for people to experiment with new apps.\u00a0Meanwhile, the tech giants could argue that the government shouldn\u2019t step in to regulate them or break them up because DTP means users are free to choose whichever app best competes for their data and attention.</p>\n","enclosure":{},"categories":["Apps","Developer","Media","Mobile","Policy","Social","TC","data portability","Facebook","Facebook Data Portability","Google","Microsoft","Twitter"]},{"title":"Zoox\u2019s fresh $500M, how to spend $6.3B and Microsoft\u2019s fine fiscal year","pubDate":"2018-07-20 13:00:23","link":"https://techcrunch.com/2018/07/20/zooxs-fresh-500m-how-to-spend-6-3b-and-microsofts-fine-fiscal-year/","guid":"https://techcrunch.com/?p=1676993","author":"Alex Wilhelm","thumbnail":"","description":"Hello and welcome back to\u00a0Equity, TechCrunch\u2019s venture capital-focused podcast where we unpack the numbers behind the headlines. This week we had another full house which made for a good time. Our own Connie Loizos,\u00a0Matthew Lynley and I were joined by Renata Quintini, a partner at Lux Capital. Today\u2019s\u00a0episode is a grab bag of topics, including [\u2026]","content":"\n<p></p>\n<p>Hello and welcome back to\u00a0<a href=\"https://itunes.apple.com/us/podcast/equity/id1215439780?mt=2\" target=\"_blank\" rel=\"noopener\">Equity</a>, TechCrunch\u2019s venture capital-focused podcast where we unpack the numbers behind the headlines.</p>\n<p>This week we had another full house which made for a good time. Our own <a href=\"http://twitter.com/cookie\">Connie Loizos</a>,\u00a0<a href=\"https://twitter.com/mattlynley?lang=en\">Matthew Lynley</a> and <a href=\"http://twitter.com/alex\">I</a> were joined by <a href=\"https://twitter.com/rquintini?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor\">Renata Quintini</a>, a partner at <a href=\"https://www.crunchbase.com/organization/lux-capital\">Lux Capital</a>.</p>\n<p>Today\u2019s\u00a0episode is a grab bag of topics, including some self-driving stuff, late-stage venture noodling, and Microsoft. So, this show hit on every topic I used to have listed on my OkCupid profile.</p>\n<p>First up was <a href=\"https://techcrunch.com/2018/07/17/self-driving-car-startup-zoox-is-raising-500-million-at-a-3-2-billion-valuation/\">Zoox\u2019s epic $500 million infusion</a>. The self-driving company is notable for its full-stack approach, and, as Lux is a long-time investor in the project, we had the perfect guest on hand to help us discuss it. As you can imagine, we dug around who else is working in the space, what SoftBank is up to, and why Zoox\u00a0<a href=\"https://news.crunchbase.com/news/a-quick-peek-at-zooxs-500m-round/\">might need so much capital</a>.</p>\n<p>Oddly enough everyone \u2019round the table found the dollar amount pretty reasonable. We apologize for the lack of drama.</p>\n<p>Next up we peeked at <a href=\"https://techcrunch.com/2018/07/19/insight-venture-partners-closes-on-its-largest-fund-with-6-3-billion/\">Insight Venture Partners\u2019 epic new fund</a>, and how some founders are <a href=\"https://www.wsj.com/articles/ditch-the-venture-model-say-founders-who-buy-out-early-investors-to-make-a-clear-break-1531827001\">looking to provide liquidity to their investors without exiting</a>. As you can imagine, we wanted to know how these Very Large Indeed funds are <a href=\"https://news.crunchbase.com/news/why-some-new-mega-funds-may-make-sense/\">going to return enough capital to make their LPs happy.</a>\u00a0We also spent some time chewing on what happens to startups that wind up growing, but not as quickly as their venture backers had originally hoped.</p>\n<p>Finally, <a href=\"https://techcrunch.com/\">Microsoft\u2019s earnings</a>. We don\u2019t do too much about the already-public, but Microsoft\u2019s latest digest was something that we couldn\u2019t pass up. The company posted another set of healthy growth as it <a href=\"https://news.crunchbase.com/news/the-big-5-worth-4-trillion-heading-into-earnings/\">scampers along in the $1 trillion race</a>.</p>\n<p>And that\u2019s about it. We\u2019ll be back in a week with more Equity.</p>\n<div class=\"article-content\">\n<div class=\"article-content\">\n<p><em>Equity drops every Friday at 6:00 am PT, so subscribe to us on\u00a0<a href=\"https://itunes.apple.com/us/podcast/id1215439780\" target=\"_blank\" rel=\"noopener noreferrer\">Apple Podcasts</a>,\u00a0<a href=\"https://overcast.fm/itunes1215439780/equity\" target=\"_blank\" rel=\"noopener noreferrer\">Overcast</a>, Pocket Casts, Downcast and all the casts.</em></p>\n</div>\n</div>\n","enclosure":{},"categories":["Finance","TC","Equity podcast"]},{"title":"Blavity raises $6.5 million Series A round led by GV","pubDate":"2018-07-20 12:35:32","link":"https://techcrunch.com/2018/07/20/blavity-raises-6-5-million-series-a-round-led-by-gv/","guid":"https://techcrunch.com/?p=1676862","author":"Megan Rose Dickey","thumbnail":"","description":"Blavity, the digital lifestyle media company geared toward black millennials, recently closed a $6.5 million Series A round led by GV with participation from Comcast Ventures, Plexo Capital and Baron Davis Enterprises. As part of the investment, GV Partner John Lyman is joining Blavity\u2019s board of directors. As the media landscape continues to change, with [\u2026]","content":"\n<p><a href=\"https://blavity.com/\">Blavity</a>, the digital lifestyle media company geared toward black millennials, recently closed a $6.5 million Series A round led by GV with participation from Comcast Ventures, Plexo Capital and Baron Davis Enterprises. As part of the investment, GV Partner John Lyman is joining Blavity\u2019s board of directors.</p>\n<p>As the media landscape continues to change, with some <a href=\"https://techcrunch.com/2018/07/10/univision-confirms-its-exploring-sale-of-gizmodo-media-group-and-the-onion/\">businesses up for sale</a>, a prominent black media <a href=\"https://journalisms.theroot.com/essence-drops-its-editor-in-chief-1825404496\">publication moving under new leadership</a> and other ones shuttering, Blavity is at a point where it\u2019s thinking about what phase two looks like, Blavity CEO Morgan DeBaun told TechCrunch over the phone.</p>\n<p>\u201cThere\u2019s just a lot going on where it\u2019s important now more than ever that Blavity is committed and has the resources it needs to grow as a publication,\u201d DeBaun told me.</p>\n<p>Most of the funding will go toward opening a new office that is strictly focused on engineering and data, DeBaun said. As part of that, Blavity intends to triple the size of its engineering team. The office, which will likely be in Atlanta, will be home to engineers on additional products and content creation tools to facilitate better storytelling.</p>\n<p>\u201cA lot of innovation will come out of that office in the next six to nine months,\u201d she said.</p>\n<p>Currently, Blavity employs 30 people full-time and has between 60-80 contractors across its five brands. Since launching in 2014, <a href=\"https://techcrunch.com/2017/09/18/blavity-acquires-travel-noire-a-travel-and-discovery-platform-for-black-millennials/\">Blavity has acquired Travel Noire</a>, a travel startup for black millennials and media platform Shadow and Act to expand its focus from news to lifestyle.</p>\n<p>Founded by DeBaun,\u00a0Aaron Samuels, Jonathan Jackson and Jeff Nelson,\u00a0<a href=\"http://blavity.com/\" target=\"_blank\" rel=\"noopener\">Blavity</a>\u00a0<a href=\"https://techcrunch.com/2015/09/07/blavity-hopes-to-be-the-digital-voice-of-black-millennials/\">ultimately aims to be a digital voice for black millennials</a>. Prior to this Series A, Blavity raised a little over $1.8 million from MACRO, New Media Ventures, Base Ventures, Cross Culture Ventures, Harlem Capital Partners, the Knight Enterprise Fund and others.</p>\n","enclosure":{},"categories":["Diversity","Media","TC","blavity","media","Series A"]},{"title":"EBay paid $573M to buy Japanese e-commerce platform Qoo10, filing reveals","pubDate":"2018-07-20 11:16:30","link":"https://techcrunch.com/2018/07/20/ebay-qoo10/","guid":"https://techcrunch.com/?p=1677148","author":"Ingrid Lunden","thumbnail":"","description":"EBay is a very distant second behind Amazon when it comes to e-commerce sales in the U.S., but abroad \u2014 and in particular in Asia \u2014 it is willing to invest to grow its footprint in a targeted way. In February, eBay paid a total of $573 million to acquire Qoo10, a Japanese sales platform, [\u2026]","content":"\n<p>EBay is a <a href=\"https://techcrunch.com/2018/07/13/amazons-share-of-the-us-e-commerce-market-is-now-49-or-5-of-all-retail-spend/\">very distant second</a> behind Amazon when it comes to e-commerce sales in the U.S., but abroad \u2014 and in particular in Asia \u2014 it is willing to invest to grow its footprint in a targeted way. In February, eBay paid a total of $573 million to acquire Qoo10, a Japanese sales platform, according to the <a href=\"https://investors.ebayinc.com/secfiling.cfm?filingid=1065088-18-32&amp;CIK=1065088\">company\u2019s quarterly earnings filing</a>.</p>\n<p>In more detail, the deal consisted of $306 million in cash and the relinquishment of about $266 million in shares in <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/giosis/\" target=\"_blank\" data-type=\"organization\" data-entity=\"giosis\">Giosis, <span class=\"crunchbase-tooltip-indicator\"></span></a> a pan-Asian e-commerce marketplace business originally founded as a joint venture with Korea\u2019s Gmarket.\u00a0Qoo10, which claims two million shoppers, was originally part of Giosis.\u00a0<a href=\"https://www.bloomberg.com/news/articles/2018-02-26/ebay-is-said-close-to-700-million-deal-for-qoo10-s-japan-assets\">Reports earlier this year pegged the eBay-Qoo10 deal at $700 million</a>.</p>\n<p>The acquisition is similar to a deal <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/ebay/\" target=\"_blank\" data-type=\"organization\" data-entity=\"ebay\">eBay <span class=\"crunchbase-tooltip-indicator\"></span></a> did in Korea in 2001 when <a href=\"https://investors.ebayinc.com/releasedetail.cfm?releaseid=30278\">it purchased Internet Auction Co</a> and linked the Korean service up to its global network of buyers and sellers. That integration has been successful, and today South Korea is eBay\u2019s fourth largest market based on revenue behind only the U.S., Germany and UK, respectively.</p>\n<p>Although the acquisition of <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/qoo10-japanese/\" target=\"_blank\" data-type=\"organization\" data-entity=\"qoo10-japanese\">Qoo10 <span class=\"crunchbase-tooltip-indicator\"></span></a> was <a href=\"https://techcrunch.com/2018/02/28/ebay-japan-acquisition-qoo10-jp/\">first announced in February</a>, the actual price was not disclosed until the company\u2019s earnings report dropped on Thursday.\u00a0\u201cWe believe the acquisition will allow us to offer Japanese consumers more inventory and grow our international presence,\u201d eBay explained in the filing.</p>\n<p>The deal underscores how eBay is at the same time pulling back from general plays while doubling down on more targeted opportunities. Earlier this year, the company gave up its stake in <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/flipkart/\" target=\"_blank\" data-type=\"organization\" data-entity=\"flipkart\">Flipkart <span class=\"crunchbase-tooltip-indicator\"></span></a> as part of its acquisition by Walmart, but at the same time <a href=\"https://techcrunch.com/2018/05/09/ebay-plans-to-relaunch-ebay-india-after-it-makes-1-1b-selling-its-flipkart-stake-to-walmart/\">committed to investing in a new, standalone eBay operation in India</a>, using some of the $1.1 billion in proceeds it made from selling its Flipkart stake to Walmart.</p>\n<p>EBay had an unsuccessful effort in China which\u00a0<a href=\"https://www.ft.com/content/cf6b07a4-8ef8-11db-a7b2-0000779e2340\" target=\"_blank\" rel=\"noopener\">ended in 2006</a>\u00a0and it hasn\u2019t returned to the country.</p>\n<p>According to its latest financial results, the company\u2019s U.S.-based\u00a0business accounted for $1.1 billion out the company\u2019s total quarterly sales of $2.6 billion. That North American revenue was up five percent year-on-year, but eBay\u2019s revenue from other international locations grew by more over the same period to give the company\u2019s total sales a nine percent annual increase.</p>\n<p>That didn\u2019t impress investors, however, and the company\u2019s share price dropped by 10 percent to close Thursday at $34.11.</p>\n<p>EBay doesn\u2019t break out revenue for Japan \u2014 where\u00a0Qoo10 operates \u2014 but revenue from Korean rose by 13 percent to $304 million in the most recent quarter. Sales for \u2018rest of the world\u2019 were up nine percent to $505 million.</p>\n<p>While it used to be neck-and-neck with <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/amazon/\" target=\"_blank\" data-type=\"organization\" data-entity=\"amazon\">Amazon <span class=\"crunchbase-tooltip-indicator\"></span></a> in terms of e-commerce sales and presence in the US, it has fallen behind over the years and now accounts for just 6.6 percent of online transactions in the country, versus 49.1 percent for its bigger rival.</p>\n<p>More growth abroad could be one route to improving those fortunes, with India one of the world\u2019s fastest-growing and most populous economies. But success in the country will be challenging with Flipkart joining forces with <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/walmart/\" target=\"_blank\" data-type=\"organization\" data-entity=\"walmart\">Walmart <span class=\"crunchbase-tooltip-indicator\"></span></a> and Amazon\u2019s India unit continuing to grow in strength.</p>\n<p>But eBay isn\u2019t going to go head-to-head with those two. Instead, its India operations will focus on cross-border sales, so essentially looking to connect buyers and sellers in the country with opportunities overseas within its network. That\u2019s the same model it has used to effect in other parts of the world, so its acquisition of\u00a0Qoo10 and its other international services\u00a0will be a key part of that India\u00a0strategy, and vice versa.</p>\n","enclosure":{},"categories":["Asia","eCommerce","TC","Amazon","China","e-commerce","eBay","economy","Flipkart","Giosis","gmarket","india","Japan","korea","online marketplaces","online payments","Qoo10","Software","United States","Walmart"]},{"title":"WhatsApp limits message forwarding in bid to reduce spam and misinformation","pubDate":"2018-07-20 06:57:14","link":"https://techcrunch.com/2018/07/19/whatsapp-limits-message-forwarding/","guid":"https://techcrunch.com/?p=1677112","author":"Jon Russell","thumbnail":"","description":"In a bid to cut down on the spread of false information and spam, WhatsApp recently added labels that indicate when a message has been forwarded. Now the company is sharpening that strategy by imposing limits on how many groups a message can be sent on to. Originally, users could forward messages on to multiple [\u2026]","content":"\n<p>In a bid to cut down on the spread of false information and spam, <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/whatsapp/\" target=\"_blank\" data-type=\"organization\" data-entity=\"whatsapp\">WhatsApp <span class=\"crunchbase-tooltip-indicator\"></span></a> recently added labels that indicate when a message has been forwarded. Now the company is sharpening that strategy by imposing limits on how many groups a message can be sent on to.</p>\n<p>Originally, users could forward messages on to multiple groups, but a new trial will see that forwarding limited to 20 groups worldwide. In India, however, which is WhatsApp\u2019s largest market with 200 million users, the limit will be just five. In addition, a \u2018quick forward\u2019 option that allowed users to pass on images and videos to others rapidly is being removed from India.</p>\n<p>\u201cWe believe that these changes \u2014 which we\u2019ll continue to evaluate \u2014 will help keep WhatsApp the way it was designed to be: a private messaging app,\u201d <a href=\"https://blog.whatsapp.com/10000647/More-changes-to-forwarding\">the company said in a blog post</a>.</p>\n<p>The changes are designed to help reduce the amount of information that goes viral on the service, although clearly this isn\u2019t\u00a0a move that will end the problem altogether.</p>\n<p>The change is in<span>\u00a0direct response to a series of incidents in India. </span><a href=\"https://www.bbc.com/news/world-asia-india-44856910\">The BBC recently wrote</a><span> about an incident which saw one man dead and two others severely beaten after rumors of their efforts to abduct children from a village spread on WhatsApp. Reportedly 17 other people have been killed in the past year under\u00a0similar circumstances, with police saying false rumors had spread via WhatsApp.</span></p>\n<p>In response, WhatsApp \u2014 which is of course owned by <a class=\"crunchbase-link\" href=\"https://www.crunchbase.com/organization/facebook/\" target=\"_blank\" data-type=\"organization\" data-entity=\"facebook\">Facebook <span class=\"crunchbase-tooltip-indicator\"></span></a> \u2014 <a href=\"https://techcrunch.com/2018/07/10/facebook-buys-ads-in-indian-newspapers-to-warn-about-whatsapp-fakes/\">has bought full-page newspaper ads</a> to warn about false information on its service.</p>\n<p>Beyond concern about firing up vigilantes, the saga may also spill into India\u2019s upcoming national general election next year. <a href=\"https://economictimes.indiatimes.com/tech/internet/whatsapps-message-will-be-on-election-duty/articleshow/65062452.cms\">Times Internet today reports</a> that Facebook and WhatsApp plan to introduce a fake news verification system that it used recently in Mexico to help combat spam messages and the spreading of incorrect news and information. The paper said that the companies have already held talks with India\u2019s Election Commission.</p>\n","enclosure":{},"categories":["Apps","Asia","Mobile","computing","cyberspace","Facebook","General Election","india","Instant Messaging","Internet","internet culture","Mexico","social media","WhatsApp","world wide web"]},{"title":"AnyVision AI startup locks in $28M for its body and facial recognition tech","pubDate":"2018-07-20 00:56:46","link":"https://techcrunch.com/2018/07/19/anyvision-ai-startup-locks-in-28m-for-its-body-and-facial-recognition-tech/","guid":"https://techcrunch.com/?p=1677003","author":"Lucas Matney","thumbnail":"","description":"As image recognition advances continue to accelerate, startups with a mind towards security applications are seeing some major interest to turn surveillance systems more intelligent. AnyVision is working on\u00a0face, body and object recognition tech and the underlying system infrastructure to help companies deploy smart cameras for various purposes. The tech works when deployed on most [\u2026]","content":"\n<p>As image recognition advances continue to accelerate, startups with a mind towards security applications are seeing some major interest to turn surveillance systems more intelligent.</p>\n<p><a href=\"http://www.anyvision.co/\">AnyVision</a> is working on\u00a0face, body and object recognition tech and the underlying system infrastructure to help companies deploy smart cameras for various purposes. The tech works when deployed on most types of camera and does not require highly sophisticated sensors to operate, the company says</p>\n<p>\u201cIt\u2019s not just how accurate the system is, it\u2019s also how much it scales,\u201d Etshtein tells TechCrunch. \u201cYou can put more than 20 concurrent full HD camera streams on a single GPU.\u201d</p>\n<p>The Tel Aviv-based AI startup announced today that it has closed a $28 million Series A funding round led by Bosch. The quickly growing company already has 130 employees and has plans to open up three new offices by the year\u2019s end.</p>\n<p>Right now, AnyVision is working on products in a few different verticals. Its security product called \u201c<em>Better Tomorrow</em>\u201d has been a key focus for the company.</p>\n<p>Even as tech giants in the U.S. like Amazon and Google are scrutinized for contracts with government orgs that involve facial recognition tech,\u00a0Etshtein believes that their company\u2019s solution will be an improvement over existing video surveillance technologies in terms of protecting the public\u2019s privacy.</p>\n<p>\u201cToday, the video management systems basically record everything and you can see individuals faces, you can see everything.\u201dEtshtein says. \u201cOnce our system is installed it pixelates all the faces in the stream automatically, even the operator in the control center cannot see your face because the mathematical models just represent the persons of interest.\u201d</p>\n<p>The company also recently released a product called FaceKey that leverages the company\u2019s facial recognition tech for verification purposes, allowing customers with phones that are not just the iPhone X to use their face as a two-factor authentication method in things like banking apps. Now, there have certainly been a lot of issues with maintaining the needed accuracy which is exactly what has made FaceID so novel, but AnyVision CEO\u00a0Eylon Etshtein\u00a0claims to have \u201ccracked the problem.\u201d</p>\n<p>Other products AnyVision is working on include some new efforts in the sports and entertainment spaces as well as a retail analytics platform that they\u2019re hoping to release later this summer.</p>\n","enclosure":{},"categories":["Artificial Intelligence","AnyVision"]}]};