lunes, 30 de agosto de 2021

Ryan Reynolds is coming to Disrupt

Ryan Reynolds is America’s sweetheart, despite being both Canadian and somewhat irreverent. The actor, producer, screenwriter and entrepreneur has been nominated for a Golden Globe and Grammy for his work on the Deadpool franchise.

But it wasn’t just his acting that made Deadpool a record-breaking, billion-dollar franchise. Reynolds is one of the world’s greatest when it comes to fast-vertising, which he’s leveraged into his production company and marketing firm Maximum Effort, which ran some of the cheapest, and most impactful marketing for Deadpool from the start.

Maximum Effort is also responsible for some of the best ads of the past few years. It would be hard to forget his campaigns for Aviation Gin (remember how quickly he turned a terrible Peloton ad into an hilarious Aviation Gin ad) or the devilishly funny Match.com spot.

His creative chops are impressive, but come with some clever entrepreneurial grit. Reynolds is an owner of Aviation Gin, which sold for more than $600 million in 2020, and an owner of Mint Mobile, a fast-growing MVNO. Reynolds has brought his marketing expertise to Mint Mobile, too, without becoming the joke.

Obviously, we’re thrilled to have him join us at Disrupt (Sept 21-23) for a fireside chat to talk about how he leverages both his creativity and his platform in the world of entrepreneurialism, and pick his brain on how startups can use fast-vertising to have a maximum impact on a minimum budget.

We’ll also get a feel for his investment appetite in the world of startups.

Reynolds joins a whole host of amazing speakers at Disrupt, including Canva CEO Melanie Perkins, investor Chamath Palihapitiya, Calendly CEO Tope Awotona, and Slack CEO Stewart Butterfield. Get your ticket now for under $100 for a limited time!



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martes, 24 de agosto de 2021

It’s time for the VC community to stop overlooking the childcare industry

Square. Uber. Zillow. Airbnb. Besides being some of the biggest technology companies, what else do these titans have in common? They all operate in entrenched, highly fragmented, geographically localized and regulated industries. That means they required a lot of upfront venture capital investment to disrupt their respective markets. And the investment has paid off — these are now some of the most valuable companies in the world.

Venture capital alone hasn’t funded some of the largest companies. One of today’s most successful tech entrepreneurs was funded by massive infusions of investment from the federal government — Elon Musk received $4.9 billion in public subsidies for his companies, including SpaceX and Tesla. Moreover, government investment, via tax credits for electric vehicle purchases, made it more affordable for consumers to buy the green transportation they needed.

But one massive industry has not yet benefited from the large amounts of money that both venture capital and government can provide: Childcare. Families in the United States spend $136 billion on infant and child care every year, and the market is only growing. If you include school-age care and education for all children under 18, that number grows to $212 billion. In investor terms, the TAM (total addressable market) is huge.

To put things in perspective, one new company has raised more funding in 2021 than the entire childcare industry.

So where is the investment? Biden’s current compromise on an infrastructure plan does not include many provisions for childcare. Venture investment in this space is nascent and insufficient. In 2020, only $171 million was invested in care and early childhood education. The funding situation has improved in 2021, with $516 million invested in childcare, but it’s still just a tiny fraction of the $288 billion of venture capital invested so far this year.

To put that in perspective, a single new company has raised more funding in 2021 than the entire childcare industry.

Funding emerging childcare technology may require a lot of upfront capital. For starters, the industry is regulated and safety is and should remain a priority. Caring for and educating young children takes training, skill and love — it cannot be done by a computer.

But there are so many facets of the industry that are ripe for innovation. Parents sometimes take weeks to find a childcare provider that meets their needs. In some markets, there is not nearly enough supply (three children for every licensed slot) to meet the demand. Assessing quality, pricing and availability is challenging, and payments and business operations tools for the nation’s 300,000+ daycares are still often pen, paper and Excel spreadsheet affairs.

This industry just needs patient investors with long-term perspectives.

This is a great time to diversify investment portfolios and support relatively recession-proof companies meaningfully expanding access to childcare. COVID has finally started to bring this largely offline industry online. Parents are now willing to go digital for childcare decisions and providers are adopting new online technologies at a record pace. These tailwinds provide the perfect conditions for startups.

Solving this problem is a huge business opportunity that affects so much else. When the millions of parents with young children can’t find care, they can’t work. We saw this over and over again since the start of the pandemic. The average American family can spend up to 25% of their income on early childhood care, while the average care worker makes approximately $12 an hour.

Unlocking innovation here at scale will require public and private investment. Government shapes and enables markets, from the explosion of technology that followed from Kennedy’s investment in the space race to more recent fundamental investments in wind, solar and electric vehicles. NASA catalyzed dozens of new technologies in the 1960s because it had both a generous budget and the flexibility to work with the best private-sector contractors available to solve specific problems.

The revitalization of the childcare sector would benefit from an ambitious and galvanizing “moonshot” goal, like providing universal, free childcare for all Americans.

By collaborating with flexibility and creativity across the public and private sectors, we can achieve a basic shared goal that other democracies have already fulfilled — the accessible provision of high-quality childcare for all members of society.



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sábado, 21 de agosto de 2021

Samsung’s refined Galaxy Fold

Samsung wasn’t quite ready to declare the Galaxy Note dead. Not just yet. When we put the question to the company again after this month’s Unpacked event, a rep told us:

Samsung is constantly evaluating its product lineup to ensure we meet the needs of consumers, while introducing technology that enhances users’ mobile experiences. We will not be launching new Galaxy Note devices in 2021. Instead, Samsung plans to continue to expand the Note experience and bring many of its popular productivity and creativity features, including the S Pen, across our Galaxy ecosystem with products like the Galaxy S21 Ultra and including to other categories like tablets and laptops. We will share more details on our future portfolio once we’re ready to announce.

It’s not an answer, exactly, so much as a reiteration of its earlier announcement that there will be no new Note for 2021. Asked whether it was simply a matter of chip shortages, Samsung sent us a similarly non-committal response:

The current volatility of the semiconductor market is being felt across the entire technology industry and beyond. At Samsung, we are making our best efforts to mitigate the impact, and will continue to work diligently with our partners to overcome supply challenges.

Image Credits: Brian Heater

It’s too early to declare the Galaxy Fold 3 the heir to the Note’s decade-long phablet throne. What is for certain, however, is that new features introduced for the Galaxy S line and the company’s high-end foldable have rendered the device fairly redundant. What seems most likely, meanwhile, is Samsung’s wait and see approach. A good selling Fold 3 is as compelling an argument for the Note’s redundancy as any. But that continues to be a big “if.”

Samsung was smart to position early Folds as exciting experiments. It’s never easy to be among the first to market with a new technology, especially with the sorts of scales Samsung tends to trade in. The original Fold brought with it some major questions, both in terms of reliability and adoption. Without retreading the former too much here (we’ve written plenty about it), let’s just say the company went back to the drawing board a couple of times with that first round.

As for the latter, the company revealed back in 2019 that it sold one million units that first year. It was a surprising — and impressive — figure. Obviously it can’t hold a candle to the sorts of numbers the company puts up with the S and Note Series, but for an unproven $2,000 device a few months after launch, it was certainly a positive sign that — at the very least — early adopters were along for the ride.

Image Credits: Brian Heater

The Fold 2 found the company more directly addressing some of the biggest issues that arrived with its predecessor, making for a more robust and well-rounded device. The Fold 3 isn’t a radical departure by any stretch, but there are some key updates and refinements on board here. Top-level, here’s what’s new:

  • S-Pen support
  • IPX8 water resistance
  • Slightly larger external display
  • Under-display camera
  • Strengthened interior screen protector, frame and front glass

So what, precisely, does all of that add up to? For Samsung, the answer is simple: a new flagship. It’s one of those words in the mobile world with a bit of a floating definition. Samsung, after all, previously had two flagships, in the form of the S and Note series. Whether this a tech passing moment for the Note or a declaration of a third flagship for the Galaxy line is dependent on the words written above. What it does signal, however, is Samsung’s stated confidence that this is the moment its high-end foldable goes mainstream.

The first step toward mainstreaming the product is a no brainer. Price. The Fold 3 is still not, by any stretch of the imagination, an affordable device. At $1,800, it’s fittingly still the price of two flagship phones put together. But a $200 drop from its predecessor marks a considerable step in the right direction. One imagines/hopes things will continue to go down as Samsung is able to scale the tech further. Those seeking an “affordable” foldable should be taking a closer look at the new Flip, which actually ducks below the $1,000 price point. More on that in a later review.

There are bound to be issues with any new form factor — even one from a company with Samsung’s know how. I have this visceral memory of walking around gingerly with the original Fold for fear of breaking the thing. There’s a certain expectation of usage during the review process — that you’ll effectively treat the device as you would your own, but the earliest Fold didn’t afford that opportunity, leaving me a bit tense throughout that I might inadvertently damage the $2,000 phone.

And, well, I did. And I certainly wasn’t the first. There were enough issues to warrant reinforcing the device before sending it out into the broader world. It was the right move, to be sure. I don’t think anyone was expecting the Fold would be indestructible, but, again, there’s that expectation of standard usage that the earliest unit didn’t live up to.

The primary fix was two-fold: extending the protective film to the edges after the first looked far too similar to the removable screen protectors Samsung (and other) phones ship with, and second, the company added a brush mechanism to the interior of the hinge mechanism that would still allow some debris in, but would sweep it away through the process of opening the product. That would remove it before it had an opportunity to damage the screen.

The second generation upgraded to a more durable foldable glass. The new version extends those protections further. It is, notably, the first version of the Fold that doesn’t greet you with a laundry list of restrictions the moment you open the box. That’s a good sign. As a rule, I’d say users should probably adhere to a similar “normal usage.” And probably invest in one of those cases. It’s an $1,800 phone, after all.

Image Credits: Brian Heater

The most notable addition on the durability front is the IPX8 rating. That’s water resistance for up to 1.5 meters for as long as 30 minutes. The company’s foldables line was a little slow on the uptake in terms of the sort of waterproofing/water resistance that has become nearly standard for premium phones — and understandably so, given the complex mechanisms required. The “X” in the rating, however, indicates that there’s no dustproofing here, for the simple reason that the hinge is actually designed to let particles in (as noted above).

The front and back of the device are now covered with Gorilla Glass Victus — Corning’s latest. Per Corning, “In our lab tests, Gorilla Glass Victus survived drops onto hard, rough surfaces from up to 2 meters. Competitive aluminosilicate glasses, from other manufacturers, typically fail when dropped from 0.8 meters. Additionally, the scratch resistance of Gorilla Glass Victus is up to 4x better than competitive aluminosilicate.” The phone’s body and hinge, meanwhile, are built out of alloy Samsung calls “Armor aluminum, which it claims is “the strongest aluminum used in modern smartphones.”

Perhaps most important of all is the inclusion of a stronger reinforced screen protector that extends further to the sides, making it a lot more difficult and less tempting to try to peel it off. The added protection is necessary both for standard usage (you really don’t want a phone that’s going to get damaged from too much tapping) and opens it up for S Pen functionality. The company now has three lines that utilize its stylus and all of the productivity features contained therein.

Image Credits: Brian Heater

In addition to the S Pen Pro, the company introduced a Fold-specific model. The $50 stylus is smaller and features a retractable tip, specifically designed to lessen the pressure on the screen. I played around with both styli and didn’t notice a dramatic difference between the two, and while Samsung doesn’t explicitly warn against using the Pro, I’d go for the Fold Edition out of an abundance of caution. (The system also issues a warning if you attempt to use an older version of the S-Pen.)

The company offered TechCrunch the following statement on stylus compatibility:

Only the latest S Pen Fold Edition and S Pen Pro are compatible as they are set to a different frequency than standard S Pens. However, S Pen Pro is compatible with other S Pen-enabled devices—such as Samsung Galaxy tablets, Chromebooks, and smartphones. Users can switch the frequency of the S Pen Pro using the switch at the top.

The 7.6-inch canvas lends itself well to S-Pen functionality. Of course, the Fold — like other foldables — still has a visible crease in the center. That takes some getting used to, compared to the Note. But if you’re a stylus devotee, the functionality fits in well with a growing suite of productivity tools like multiple active windows and app split view. Samsung has compiled quite a productivity workhouse here.

Of course, unlike the Note (and like the S line), the Fold doesn’t feature a built-in slot for the S Pen. It seems likely there may have been some structural integrity issues barring its inclusion — or, at the very least, it probably would have added even more thickness to what is already a fairly thin device when folded up. Samsung does offer up an S Pen case for those serious about taking their stylus with them — and are otherwise worried about losing it.

The primary display hasn’t changed much since last year. It’s still 7.6 inches with a 120Hz refresh rate and a 2208 x 1768 resolution, with support for HDR10+. The 6.2-inch front screen doesn’t have the high dynamic range format, though it has been bumped up to 120Hz from 60Hz. The Fold 2 upgraded the exterior screen size last year, and it makes a big difference. There are plenty of times you just don’t want to deal with unfolding the thing. The aspect ratio is still much to skinny to rely on it most of the time, but App Continuity is a nice feature that lets you seamlessly jump between screens on enabled apps.

Image Credits: Brian Heater

The biggest addition on the screen front is more of a subtraction, really. The pinhole camera is gone from the main screen. In its place is an under-display camera — the first on a Samsung device. The technology has been a longstanding holy grail for companies. Samsung’s not the first to offer the feature — companies like Oppo and ZTE have sported the feature for a little while now. The Fold uses similar technology, applying a thin layer of pixels above the hole punch. The spot is still visible, particularly when there’s a white image on the screen, but at first blush, it does offer something more contiguous.

Image Credits: Brian Heater

If you follow the space at all, you know that the image performance of these cameras have been less than ideal thus far. And Samsung suffers the same fate. The above shots were taken on the front 10-megapixel and under-display four-megapixels cameras respectively. There’s a haze or blur on the under-screen camera — really not up to the standards we expect from a premium smartphone in 2021.

In an earlier conversation with Samsung, the company was pretty candid about this — and the reason the Fold is the first of its phones to sport the tech. It’s here because you’ve got the additional option of the front-facing camera for selfies, so you’re not reliant on a, frankly, subpar camera. Certainly I wouldn’t rely on it for shooting photos — which is already admittedly awkward with the large form factor. I suppose it can work for teleconferencing in a pinch, but even then, you’re probably better off with the front one. File it as something Samsung can improve on in future updates, as the underlying tech improves.

Image Credits: Brian Heater

The main camera system, meanwhile, is largely unchanged since the last version at:

  • 12MP Ultra Wide. F2.2, Pixel size: 1.12μm, FOV: 123-degree
  • 12MP Wide-angle. Dual Pixel AF, OIS, F1.8, Pixel size: 1.8μm, FOV: 83-degree
  • 12MP Telephoto. PDAF, F2.4, OIS, Pixel size: 1.0μm, FOV: 45-degree

It’s a great camera setup that shoots excellent photos, with the added bonus of being able to switch between a 7.6 and 6.2 inch viewfinder (honestly, again, the full screen is kind of awkward for shooting in most scenarios, so I largely stuck with the smaller one).

[gallery ids="2192373,2192378,2192379,2192377,2192376,2192375,2192374,2192372"]

The battery meanwhile, takes a small hit, down from 4,500mAh to 4,400mAh, split between two modules behind the display halves. It’s a step in the wrong direction, if only a small one. A big device like this tends to be power hungry. Depending on your usage, you should be able to get through a day. That’s not going to be huge problem so long as many of us are still largely stuck at home, but probably not something you’re going to sit around and binge videos on all day without plugging it in.

Naturally, the Fold sports the latest Snapdragon — the 888. That’s coupled with 12GB of RAM and 256GB of storage on the model Samsung sent us. Doubling the storage will bring the price tag up to $1,900.

Image Credits: Brian Heater

It’s been impressive to watch Samsung take the Fold from troubled early adopter tech to something far more stable in the course of two generations. But while the company is ready to toss around words like mainstream in the context of its foldables, it’s hard to shake the feeling that such goals are still a long ways away.

The price is heading in the right direction, but the product is still prohibitively expensive for most. I certainly can’t answer the question of why you need such a product, though the advantages of a larger screen make themselves known pretty quickly. In many instances, the form factor is still a bit cumbersome.

If the Galaxy Note is suddenly redundant, the fault lays more with the Galaxy S series than the Fold. And if Samsung is looking for a truly mainstream foldable experience, it may want to take a longer look at the Galaxy Z Flip. In terms of size, price, flexibility and good looks, that’s looking like the one to beat. Review coming soon.



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jueves, 19 de agosto de 2021

Amazon rolls out India’s first celebrity voice on Alexa with Amitabh Bachchan

Amazon has rolled out India’s first celebrity voice feature on Alexa with the nation’s biggest movie star Amitabh Bachchan as the company makes a push to lure more users in the world’s second-most populated nation.

The company, which rolled out the voice of Samuel Jackson on Alexa in the U.S. in 2019, said users in India can add the Bollywood legend’s voice to their Echo devices (starting today) or Amazon shopping app (in a few weeks) for an introductory price of 149 Indian rupees ($2) for the first year. (Starting second year, the annual price will move to $4.)

The 78-year-old actor is providing Amazon with stories from his life, a selection of poems from his father, tongue twisters, and motivational quotes. Amazon customers can also ask Alexa to play music, set alarms, get weather updates and get answers in Bachchan’s signature style.

And the company said it is also applying neural speech technology to make Alexa sound like Bachchan even if there’s no direct pre-recording. (Amit ji, remind me to ask you about Amazon’s antitrust situation in India later today.)

Image credits: Amazon

“Working with Amazon to introduce my voice on Alexa was a new experience in bringing together the magic of voice technology and artistic creativity. I am excited that my well-wishers can now interact with me via this new medium, and looking forward to hear how they feel about this,” said Bachchan in a statement.

A household name, Bachchan emerged as Bollywood’s top star in the 1970s playing characters who battled corruption and social injustice. He has also done scores of advertisements for brands and initiatives from everything including hair oil, biscuits, cold drinks, jewelry, state tourism, banks to UNICEF-backed polio vaccination campaign.

The company announced its collaboration with Bollywood legend last year. But the pandemic forced Amazon’s engineering teams to work remotely for this project. There were also additional complications. Globally, users can trigger Alexa with one-word wake alert. Alexa, do this, for instance. But in case of Bachchan, Amazon has introduce a two-word wake system to Alexa. “Amit ji.” (Where ‘ji’ is a Hindi word to pay respect.)

“At Amazon & Alexa, we consistently innovate on behalf of our customers and building the Amitabh Bachchan celebrity voice experience with one of India’s most iconic voices has been a labor of love. Creating the world’s first bi-lingual celebrity voice required us to invent & re-invent across almost every element of speech science – wake word, speech recognition, neural text-to-speech and more,” said Puneesh Kumar, Country Leader for Alexa, Amazon India, in a statement.

“While we are proud of the many India-first innovations and desi-delighters in this, it’s still Day 1 and we will continue to enrich this experience as science evolves.”

India is a key overseas market for Amazon, which has deployed over $6.5 billion and is increasingly making investment in startups. This isn’t the first time the company has signed up Bachchan for one of its businesses. The company last year acquired Bachchan’s “Gulabo Sitabo” movie rights for streaming globally on Prime Video.



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jueves, 12 de agosto de 2021

Contact, a platform for creatives backed by Maisie Williams, raises $1.9M Seed led by Founders Fund

With the pandemic digitizing every aspect of our lives, the Creator Economy has taken off like never before, with some estimates saying it’s now a $100Bn+ market. And yet, managing your professional life as a model, actor, writer or designer remains a mish-mash of emails, manual booking processes, and dreaded PDFs. Creatives face late payments, often opaque industry practices, even as top talent agencies have collectively achieved a valuation of $20Bn in value. But while modeling talent can be charged as much as a 20-40% commission fee, social media has been gradually displacing traditional agencies by reducing the barriers to entry and making talent more accessible. However, as everyone knows, social media is nowhere near a place anyone can manage their career.

Late last year the Contact platform launched, initially offering models a way to take bookings and manage some aspects of their work. It’s now looking to address the wider problems referred to above, with a new round of funding involving some key players in the creative industries.

It’s backed and supported by Maisie Williams, best known for her work on Game of Thrones, who has become Creative Strategist and Advisor to the startup after becoming a passionate advocate for better conditions for creatives in the industry.

Contact has now raised a $1.9 million (£1.4 million) Seed round of funding led by Founders Fund. Also participating is LAUNCH (the fund led by investors Jason Calacanis), Sweet Capital (via Pippa Lamb), Rogue VC (via Alice Lloyd George) and Angel investors Simon Beckerman (co-founder of Depop), Eric Wahlforss (co-founder of SoundCloud and now Dance), Abe Burns and Joe White.

Although Contact’s initial incarnation is addressing the modeling world, its vision is far bigger. Contact co-founder and CEO Reuben Selby — a fashion designer who was formerly of William’s founding team, when she started her career — has worked with Nike, Thom Browne, and JW Anderson. He says the platform aims to become a scalable back-end solution across the $104.2 Billion Creator Economy, “democratizing” access to the world’s best creative talent.

Reuben Selby

Reuben Selby

Selby, who recently spoke about being a founder with autism is also the founder and creative director of his own label Reuben Selby, and co-founder of Cortex a creative agency and community. Selby is joined by CTO Josh McMillan previously of Deliveroo, Daisie, the Government Digital Service, and among others.

While its competitors might, broadly speaking, include Patreon, Creatively, and The Dots, it’s fair to say that Contact’s vision to bring many aspects of these platforms under one roof could be described as ambitious, it is also tantalising.

In a radical move for what is an industry dominated by agencies, individuals and businesses can discover and book creators and creative services directly, without going through an agency.

Contact initially launched its platform in October 2020 with the ability to discover and book fashion models, but post-fundraising plans to roll out other creative verticals such as photographers, stylists, videographers, and more.

Selby says the idea for Contact has been informed by his own personal experiences trying to break into the creative industry as a model, photographer, and creative director. After finding scant methods for secure and safe ways to get paid – while booking companies lacked basic technological tools – he realized that ‘middle-men’ and agencies were there main ones that benefitted, taking cuts on both sides and often still delivering a sub-par-product.

So how does Contact work?

When a Creator joins, they are able to showcase their portfolio across different creative services and take direct bookings.

A business can then browse and discover talent using filters, shortlist creative talent, providing details about the job, and book creators directly. Creatives can accept or reject jobs via the web platform or, soon, via a smartphone app. Once the job has been completed, the talent gets paid out via Contact.

Since soft-launching within the modeling vertical, Contact says it has onboarded almost 600 creatives and over 1,400 clients including Depop, Farfetch, Nike, Vivienne Westwood, and Vogue. Users of the platform have increased 100% YoY, says the startup.

Selby says Contact intends to remain in the background and allow the talent to brand itself independently across different verticals. Crucially, Contact does not take money from creators, only booking companies, from which it will levy a 20% fee on transactions.

Commenting, Trae Stephens, Partner at Founders Fund, said: “We are always excited when we find founders who seem to have been born to build a specific company. Reuben definitely seems like one of those founders. We are really excited to watch the company scale and expand into new creative verticals.”

Pippa Lamb, Partner at Sweet Capital, added: “The team at Contact have been pushing frontiers in the creator economy long before ‘the creator economy’ became a buzzword. Contact possesses a rare combination of world-class technical talent with the raw innovation of today’s most creative minds. We are excited about this next chapter.”

Williams, best known for playing Arya Stark on Game of Thrones, is no stranger to working on startups. She previously contributed to the Daisie platform, which continues to connect creators with one another to work on each others’ projects, helping creators find collaborators for their art.

But clearly her desire to disrupt the creative world largely controlled by ‘middle men’ was not sated by the experience.

Speaking to me in an exclusive interview, Williams and Selby outlined their vision:

Selby said the existing marketplace for models is just the start: “The vision has always been about creatives, and getting creatives paid for their work. We basically started out in one vertical, the modeling industry… and we’re in the process of rolling out new verticals so bringing on photographers, makeup artists, stylists, etc. But that’s a very very small part of the overall vision.”

He said the focus now is “on the distribution of work, how that relationship works with that audience, how they can monetize it. So it’s basically giving them a toolkit to monetize their creativity rather than just the physical constraints. That’s what we’re exploring right now. We have this marketplace but we see that as being a very small part, but the larger piece.”

He said the marketplace model can connect brands directly to creators or creatives, but, he said, brands continue to have a great deal of power: “The creators are just sitting there waiting for somebody to give them something. So we’re now working out how they can just distribute by their own work and monetize it in their own ways, with the back end of how all of the logistics work, and the operational side handled by the product that we’ve built, handling the payments and the licensing and insurance.”

Despite being a major Hollywood star, Williams told me the creative and entertainment industry she’s familiar with and works in remains stuck in an old world of emails and links, rather than the kinds of platforms the tech industry is used to building and using: “Being someone who has been represented by talent agencies for my career, that whole interaction online is emails. At no point are any of the assets digitised. There’s no ‘vault’ where all of my scripts go. There’s no place where I can upload all of my audition tapes. It’s always just a link in an email. There’s not really an industry standard. From an agency perspective, none of the work that they is very streamlined or directional.”

She says that need to change: “There’s a casting process and at the moment, and it’s a hugely dated way of doing things between the casting directors and the actors, the writers etc. We want to build a very streamlined process.”

Speaking about the investors he’s assembled to back Contact, Selby said the team chose Founders Fund to be their lead investor because of their approach: “The way that they work with founders… I found that personally very empowering. [They] give you a lot of freedom and space to think creatively. So there was a clear alignment.”

Talking about the other Angel investors in the round he said: “People like Eric and Simon are majorly connected in fashion and music culture in general.”

Speaking about how the entertainment industry might react to Contact, Williams said: “Actors have many other things that they do. Being able to have a platform that they can monetize all those other things is really important, especially because, as an actor you spend a lot of time unemployed.” But said the system is constructed in such as a way that “you’re only valuable as the auditions your agent puts you up for. It’s not very inspiring or rewarding. So a lot of actors make their own shows on streaming platforms or create their own documentaries or sell their work in other ways.”

She said Contact wants to be able to facilitate that through the platform, and for creatives to have more independence: “The film industry and the music industry is full of incredibly talented people who are multi-talented across many different industries. But they are still, kind of held by representatives and agencies and record labels or managers who have a lot of power in, sort of, keeping them ‘small’. Being able to introduce something which can offer so many other tools, I think, is really important.”

It’s clear that the vision Selby, his co-founders, and Williams have, is very big. The question is, will they be able to pull it off?

It has to be said, however, that the combination of a passionate Gen-Z-influential team (with added star power), a full-blown technology platform, heavyweight US investors, and Angels pulled from creative industries certainly points to the potential for success.



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martes, 10 de agosto de 2021

Following the IPCC’s report, we need more technology to respond to more disasters

This week, the Intergovernmental Panel on Climate Change released its major sixth assessment report on the physical science of climate change. The details are grim, if getting more precise as better and more comprehensive data becomes available. As my colleague Mike Butcher summarized yesterday, it’s “stern and blunt in its conclusions.”

While many of the themes of the report will be familiar to any person not living under (an ever increasingly hot) rock, one part jumped out at me as I was perusing through the documents. The working group assessed that regardless of mitigation and adaptation strategies, many of the negative changes happening to Earth will continue unabated in all future scenarios. From the summary report:

Many changes due to past and future greenhouse gas emissions are irreversible for centuries to millennia, especially changes in the ocean, ice sheets and global sea level. […] Mountain and polar glaciers are committed to continue melting for decades or centuries (very high confidence). Loss of permafrost carbon following permafrost thaw is irreversible at centennial timescales (high confidence) …

In short, there is already momentum toward a warmer and more chaotic world, and we have limited tools to stop many of these trends.

There has been a rush of initiatives, investments, and startups bubbling around the theme of climate tech, with projects focused on everything from improving the yields and decreasing the emissions of agriculture and food production, to improving the power grid, and to reducing the emissions from air conditioning in buildings. Those initiatives are fine and important, but they don’t get at one of the toughest challenges facing us this century: that disasters are here, they are coming, and they are going to continue to get more intense as the century rolls on.

Just this past week, we have seen the second largest fire in California’s state history with the Dixie Fire, currently blazing across hundreds of thousands of acres in the northern reaches of the state. Meanwhile in Greece, hundreds of wildfires are causing an unprecedented crisis in that country. Droughts, floods, hurricanes, typhoons and more are intensifying and ravaging ever more billions of people across every continent.

One response to solving this problem is improving resilience — building up cities and structures as well as food and water systems that are fortified against these natural calamities. Many of those projects though are costly and also time-consuming, measured over the course of decades rather than months.

Instead, we need a more immediate push to develop better disaster response technology today. I’ve covered a wide segment of these companies over the past few months. There’s RapidSOS, which is adding more data into emergency calls to make responses faster and more efficient. There’s Qwake, which raised $5.5 million to build hardware and cloud services to allow firefighters to visualize their environments in smoky conditions. Meanwhile, YC-backed Gridware has also raised more than $5 million to create sensors to identify failures in the power grid faster.

In short, there are a growing crop of disaster tech startups — but more are going to be needed to fight the panoply of disasters that will strike in the years ahead.

There’s so much to do: better mental health resources for victims and first responders, easier access to recovery funds to heal lives, higher-quality sensors and data analyses to identify disasters earlier, faster logistics to evacuate people out of harm’s way. In fact, there are quite literally dozens of fields that need more investment and founder attention.

It’s not an easy market, as I pointed out in an analysis of sales cycles. Budgets are tight, disasters are random, and technology is often an afterthought. In some ways though, that friction is a font of creativity — how to build these next-generation of services and how to sell them is the risk that leads to the potential high return.

As the IPCC’s report made clear this week, the chaotic weather and intense disasters we’ve seen the past few decades aren’t going to abate any time soon. But with ingenuity, we can respond better to the disasters that are already on their way, and save lives and treasure in the process.



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domingo, 8 de agosto de 2021

Digital transformation depends on diversity

Across industries, businesses are now tech and data companies. The sooner they grasp and live that, the quicker they will meet their customer needs and expectations, create more business value and grow. It is increasingly important to reimagine business and use digital technologies to create new business processes, cultures, customer experiences and opportunities.

One of the myths about digital transformation is that it’s all about harnessing technology. It’s not. To succeed, digital transformation inherently requires and relies on diversity. Artificial intelligence (AI) is the result of human intelligence, enabled by its vast talents and also susceptible to its limitations.

Therefore, it is imperative for organizations and teams to make diversity a priority and think about it beyond the traditional sense. For me, diversity centers around three key pillars.

People

People are the most important part of artificial intelligence; the fact is that humans create artificial intelligence. The diversity of people — the team of decision-makers in the creation of AI algorithms — must reflect the diversity of the general population.

This goes beyond ensuring opportunities for women in AI and technology roles. In addition, it includes the full dimensions of gender, race, ethnicity, skill set, experience, geography, education, perspectives, interests and more. Why? When you have diverse teams reviewing and analyzing data to make decisions, you mitigate the chances of their own individual and uniquely human experiences, privileges and limitations blinding them to the experiences of others.

One of the myths about digital transformation is that it’s all about harnessing technology. It’s not.

Collectively, we have an opportunity to apply AI and machine learning to propel the future and do good. That begins with diverse teams of people who reflect the full diversity and rich perspectives of our world.

Diversity of skills, perspectives, experiences and geographies has played a key role in our digital transformation. At Levi Strauss & Co., our growing strategy and AI team doesn’t include solely data and machine learning scientists and engineers. We recently tapped employees from across the organization around the world and deliberately set out to train people with no previous experience in coding or statistics. We took people in retail operations, distribution centers and warehouses, and design and planning and put them through our first-ever machine learning bootcamp, building on their expert retail skills and supercharging them with coding and statistics.

We did not limit the required backgrounds; we simply looked for people who were curious problem solvers, analytical by nature and persistent to look for various ways of approaching business issues. The combination of existing expert retail skills and added machine learning knowledge meant employees who graduated from the program now have meaningful new perspectives on top of their business value. This first-of-its-kind initiative in the retail industry helped us develop a talented and diverse bench of team members.

Data

AI and machine learning capabilities are only as good as the data put into the system. We often limit ourselves to thinking of data in terms of structured tables — numbers and figures — but data is anything that can be digitized.

The digital images of the jeans and jackets our company has been producing for the past 168 years are data. The customer service conversations (recorded only with permissions) are data. The heatmaps from how people move in our stores are data. The reviews from our consumers are data. Today, everything that can be digitized becomes data. We need to broaden how we think of data and ensure we constantly feed all data into AI work.

Most predictive models use data from the past to predict the future. But because the apparel industry is still in the nascent stages of digital, data and AI adoption, having past data to reference is often a common problem. In fashion, we’re looking ahead to predict trends and demand for completely new products, which have no sales history. How do we do that?

We use more data than ever before, for example, both images of the new products and a database of our products from past seasons. We then apply computer vision algorithms to detect similarity between past and new fashion products, which helps us predict demand for those new products. These applications provide much more accurate estimates than experience or intuition do, supplementing previous practices with data- and AI-powered predictions.

At Levi Strauss & Co., we also use digital images and 3D assets to simulate how clothes feel and even create new fashion. For example, we train neural networks to understand the nuances around various jean styles like tapered legs, whisker patterns and distressed looks, and detect the physical properties of the components that affect the drapes, folds and creases. We’re then able to combine this with market data, where we can tailor our product collections to meet changing consumer needs and desires and focus on the inclusiveness of our brand across demographics. Furthermore, we use AI to create new styles of apparel while always retaining the creativity and innovation of our world-class designers.

Tools and techniques

In addition to people and data, we need to ensure diversity in the tools and techniques we use in the creation and production of algorithms. Some AI systems and products use classification techniques, which can perpetuate gender or racial bias.

For example, classification techniques assume gender is binary and commonly assign people as “male” or “female” based on physical appearance and stereotypical assumptions, meaning all other forms of gender identity are erased. That’s a problem, and it’s upon all of us working in this space, in any company or industry, to prevent bias and advance techniques in order to capture all the nuances and ranges in people’s lives. For example, we can take race out of the data to try and render an algorithm race-blind while continuously safeguarding against bias.

We are committed to diversity in our AI products and systems and, in striving for that, we use open-source tools. Open-source tools and libraries by their nature are more diverse because they are available to everyone around the world and people from all backgrounds and fields work to enhance and advance them, enriching with their experiences and thus limiting bias.

An example of how we do this at Levi Strauss & Company is with our U.S. Red Tab loyalty program. As fans set up their profiles, we don’t ask them to pick a gender or allow the AI system to make assumptions. Instead, we ask them to pick their style preferences (Women, Men, Both or Don’t Know) in order to help our AI system build tailored shopping experiences and more personalized product recommendations.

Diversity of people, data, and techniques and tools is helping Levi Strauss & Co. revolutionize its business and our entire industry, transforming manual to automated, analog to digital, and intuitive to predictive. We are also building on the legacy of our company’s social values, which has stood for equality, democracy and inclusiveness for 168 years. Diversity in AI is one of the latest opportunities to continue this legacy and shape the future of fashion.



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