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10 things in tech you need to know today

Apple CEO Tim Cook speak to the press during a tour of the Flextronics computer manufacturing facility, with US President Donald Trump, where Apple's Mac Pros are assembled in Austin, Texas, on November 20, 2019. MANDEL NGAN/AFP via Getty Images Good morning! This is the tech news you need to know this Tuesday. Sign up here to get this email in your inbox every morning.Have an Amazon Alexa device? Listen to this update by searching "Business Insider" in your flash briefing settings.And ...
Tags: Apple, Amazon, Facebook, Lyft, China, US, Los Angeles, Trends, Intel, Tim Cook, Alibaba, Travis Kalanick, Andreessen Horowitz, Biden, Donald Trump, Nordic


SoulCycle's top instructors had sex with clients, 'fat-shamed' coworkers, and used homophobic and racist language, insiders say

Hello everyone! Welcome to this weekly roundup of Business Insider stories from co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.Read on for more on SoulCycle's top instructors mistreating staff, Moderna's research revolution, and Google CEO Sundar Pichai's leadership shift. Bryan R. Smith/Getty; BFA; Olivia Atherton; Skye Gould/Business Insider Hello!We now have two promising coronavirus vaccines, with Moderna's promising results this week...
Tags: Google, Amazon, Hollywood, California, France, China, Trends, Nike, Palo Alto, Larry Page, Atlantic, Sergey Brin, Retail, Silicon Valley, Graham, Pfizer


A16z is now managing $16.5 billion, after announcing two new funds

Andreessen Horowitz (a16z) has closed a pair of funds totaling $4.5 billion, the firm confirmed in a blog post this morning. The firm has raised $1.3 billion for an early-stage fund focused on consumer, enterprise, and fintech; and closed a $3.2 billion growth-stage fund for later-stage investments. The firm did not immediately respond to request for comment. The funds may seem somewhat typical, given the size of new funds that venture firms have been raising in recent years, Still, these are e...
Tags: Fundings & Exits, TC, Microsoft, Ipo, San Francisco, Tech, Venture Capital, Fund, Airbnb, Andreessen Horowitz, New York Stock Exchange, Github, Justice Department, Affirm, Early Stage, Anthony Albanese


Affirm revealed its IPO paperwork. Here's a look inside the buy now, pay later frenzy, the new twist on financing that is a must have for everyone.

Klarna markets itself as a 'smoooth shopping' experience. Thomas Concordia/Getty Images Point-of-sale financing isn't new, but it's gotten renewed attention as a wave of startups like Affirm, Afterpay, and Klarna acquired millions of new users during the coronavirus pandemic. On Wednesday, Affim published its S-1, the paper detailing its planned initial public offering.  These fintechs offer consumers the ability to buy now, pay later, both online and in-store. And now, incumbents ...
Tags: Apple, Google, Amazon, Japan, UK, Etsy, Australia, France, Finance, China, US, Trends, Paypal, David, Canada, Tencent


Roblox files to go public

Roblox, the child-friendly gaming company, filed to go public today. Its listing comes one day after the lending company Affirm initiated its own public offering and a mere two days after Airbnb’s filing. Roblox filed confidentially to go public in mid-October, but its numbers were unreleased until today when it published its S-1 document. The company is not the first gaming platform company to go public this year, with gaming engine Unity debuting earlier this year. After its IPO, Unity ...
Tags: Fundings & Exits, Startups, Apps, Tech, SEC, Airbnb, Andreessen Horowitz, New York Stock Exchange, Tiger Global, Initial Public Offering, First Round Capital, Exit, Index Ventures, Unity, GAAP, ALTOS


Levels raises $12M from a16z and others to bring its biowearable to market

Levels today is announcing a large seed round to help bring its biowearable metabolic sensor to market. The innovative platform pairs continuous glucose monitoring (CGM) with an impressive software suite to provide the wearer with deep insights about their health. The company’s founders strongly feel that this approach helps users close the loop between food, exercise and well-being. Levels provides actionable health information by constantly monitoring the wearer’s blood sugar using proven tech...
Tags: Health, TC, US, Tech, Andreessen Horowitz, Michael Arrington, Levels, CGM, Marc Randolph, Netflix Dick Costolo, Matt Dellavedova, NBA Cleveland Cavaliers Levels, Josh Clemente, TechCrunch Levels, Casey Means, Dr Casey Means Co


Jeff Bezos was an early investor in Airbnb, which means he's likely to net millions from the home-sharing company's highly anticipated IPO

Amazon CEO Jeff Bezos. MANDEL NGAN/AFP via Getty Images Jeff Bezos is about to get a payday thanks to Airbnb's IPO.  The Amazon CEO was an early Airbnb investor, participating in Airbnb's Series A and Series B rounds in 2010 and 2011, respectively.  It's not clear how much Bezos invested in the company at the time and whether he still owns all of his shares. A spokesperson for Bezos Expeditions did not immediately respond to Business Insider's request for comment on its Airbnb investment. ...
Tags: Amazon, Ipo, Trends, Getty Images, Venture Capital, Airbnb, Andreessen Horowitz, Ashton Kutcher, Jeff Bezos, Brian Chesky, Reuters, Bezos, PitchBook, Tech Insider, Bezos Expeditions, Avery Hartmans


The cofounder of the new social app Upstream explains why he moved his family from NYC to Miami and may build the company from there

Upstream CEO Alex Taub and his family in their new Miami home. Alex Taub Alex Taub, 33, is cofounder and CEO of Upstream, a new professional social networking app and platform. After he and his wife and daughters contracted COVID-19, they decided to swap their two-bedroom apartment in NYC for the extra space, yard, pool, and sunny weather that Miami offered. With his new lack of commute and added space, Taub is more productive in his work than ever; the hardest part is being away from fami...
Tags: Travel, Business, New York, Adobe, NYC, US, Entrepreneurs, Trends, Tech, Austin, Iowa, Manhattan, Miami, Andreessen Horowitz, Barkbox, Upper West Side


Why I left NYC: Upstream cofounder Alex Taub moved his family to Miami during the pandemic and now wants others to do the same

Upstream CEO Alex Taub and his family in their new Miami home. Alex Taub Alex Taub, 33, is cofounder and CEO of Upstream, a new professional social networking app and platform. After he and his wife and daughters contracted COVID-19, they decided to swap their two-bedroom apartment in NYC for the extra space, yard, pool, and sunny weather that Miami offered. With his new lack of commute and added space, Taub is more productive in his work than ever; the hardest part is being away from fami...
Tags: Travel, Business, New York, Adobe, NYC, US, Entrepreneurs, Trends, Tech, Austin, Iowa, Manhattan, Miami, Andreessen Horowitz, Barkbox, Upper West Side


Fishtown Analytics raises $29.5M Series B for its data engineering platform

Fishtown Analytics, the Philadelphia-based company behind the dbt open-source data engineering tool, today announced that it has raised a $29.5 million Series B round led by Sequoia Captial, with participation from previous investors Andreessen Horowitz and Amplify Partners. The company is building a platform that allows data analysts to more easily create and disseminate organizational knowledge. Its focus is on data modeling, with its dbt tool allowing anybody who knows SQL to build data tra...
Tags: Startups, Cloud, Enterprise, California, Tech, Philadelphia, Andreessen Horowitz, Snowflake, Databricks, Sequoia, Matt Miller, Amplify Partners, Within, Recent Funding, Fishtown Analytics, Initially Handy


These are the key commercial real-estate deals and trends to watch: data-center investment surge; flex-space consolidation

We have the latest news on commercial real-estate deals, analysis, and trends. Katie Warren/Business Insider The pandemic threw the real-estate world into disarray, as people emptied out of offices, hotels, and malls and worked from their homes. That disruption has transformed how people and companies finance, operate, and occupy real estate. Some big firms like WarnerMedia and Uber have been rethinking office needs — and some commercial real-estate deals were put on ice as financing dries ...
Tags: Apple, Amazon, Facebook, Lyft, Asia, UK, New York, Texas, Softbank, New York City, US, San Francisco, Trends, Tech, Bank Of America, Andreessen


These are the key commercial real-estate deals and trends to watch: ByteDance data centers, WeWork demands rent

We have the latest news on commercial real-estate deals, analysis, and trends. Katie Warren/Business Insider The pandemic threw the real-estate world into disarray, as people emptied out of offices, hotels, and malls and worked from their homes. That disruption has transformed how people and companies finance, operate, and occupy real estate. Some big firms like WarnerMedia have been rethinking office needs — and some commercial real-estate deals were put on ice as financing dries up. Cowor...
Tags: Apple, Amazon, Facebook, Asia, Hbo, UK, New York, Texas, Softbank, New York City, US, San Francisco, Trends, Tech, Georgia, Bank Of America


Key commercial real-estate deals and trends to watch: ByteDance data centers, WeWork demands rent

We have the latest news on commercial real-estate deals, analysis, and trends. Katie Warren/Business Insider The pandemic threw the real-estate world into disarray, as people emptied out of offices, hotels, and malls and worked from their homes. That disruption has transformed how people and companies finance, operate, and occupy real estate. Some big firms like WarnerMedia have been rethinking office needs — and some commercial real-estate deals were put on ice as financing dries up. Cowor...
Tags: Apple, Amazon, Facebook, Hbo, UK, New York, Texas, Softbank, New York City, US, San Francisco, Trends, Tech, Georgia, Bank Of America, Andreessen


Intel acquires SigOpt, a specialist in modeling optimization, to boost its AI business

Intel has been doubling down on building chips and related architecture for the next generation of computing, and today it announced an acquisition that will bolster its expertise and work specifically in one area of future technology: artificial intelligence. The semiconductor giant today announced that it has acquired SigOpt, a startup out of San Francisco that has built an optimization platform that can be used to run modeling and simulations (two key applications of AI tech) in a better way....
Tags: Enterprise, San Francisco, Tech, Intel, Artificial Intelligence, M&a, Nvidia, Cia, Andreessen Horowitz, Anthony, Cto, Clark, Scott Clark, AI Analytics Toolkit, Patrick Hayes, Raja Koduri Intel


JPMorgan's wealth revamp — BofA equities move — WeWork wants to get paid

Spencer Platt/Getty Images Wednesday was an absolute blood bath for the markets. A rise in reported coronavirus cases has led Europe to announce some lockdowns, according to Bloomberg, while CEOs for some of the largest tech companies appeared before US Congress. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.Like the newsletter? Hate the newsletter? Feel free to drop me a line at [email protected]
Tags: Europe, New York, US, San Francisco, Trends, Bank Of America, Bloomberg, Manhattan, WeWork, Andreessen Horowitz, US Congress, New York Stock Exchange, Nyse, Reuters, Jpmorgan, Brian Moynihan


Key commercial real-estate deals and trends to watch: data centers are red hot, and studio space investment is booming

We have the latest news on commercial real-estate deals, analysis, and trends. Katie Warren/Business Insider The pandemic threw the real-estate world into disarray, as people emptied out of offices, hotels, and malls and worked from their homes. That disruption has transformed how people and companies finance, operate, and occupy real estate. Some big firms like WarnerMedia have been rethinking office needs — and some commercial real-estate deals were put on ice as financing dries up. Cowor...
Tags: Apple, Amazon, Facebook, Hbo, UK, New York, Texas, Softbank, New York City, US, Trends, Tech, Georgia, Bank Of America, Andreessen, Brooklyn


Here’s how fast a few dozen startups grew in Q3 2020

Earlier this week I asked startups to share their Q3 growth metrics and whether they were performing ahead of behind of their yearly goals. Lots of companies responded. More than I could have anticipated, frankly. Instead of merely giving me a few data points to learn from, The Exchange wound up collecting sheafs of interesting data from upstart companies with big Q3 performance. The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsle...
Tags: Fundings & Exits, Startups, TC, Digital, Tech, Remote Work, Fertility, SaaS, Andreessen Horowitz, Canva, PPP, TechCrunch, Cowboy Ventures, Exchange, Bluevine, Don


These are the key commercial real-estate deals and trends to watch: data centers are red hot, and studio space investment is booming

We have the latest news on commercial real-estate deals, analysis, and trends. Katie Warren/Business Insider The pandemic threw the real-estate world into disarray, as people emptied out of offices, hotels, and malls and worked from their homes. That disruption has transformed how people and companies finance, operate, and occupy real estate. Some big firms like WarnerMedia have been rethinking office needs — and some commercial real-estate deals were put on ice as financing dries up. Cowor...
Tags: Apple, Amazon, Facebook, Hbo, UK, New York, Texas, Softbank, New York City, US, Trends, Tech, Georgia, Bank Of America, Andreessen, Brooklyn


Acapela, from the founder of Dubsmash, hopes ‘asynchronous meetings’ can end Zoom fatigue

Acapela, a new startup co-founded by Dubsmash founder Roland Grenke, is breaking cover today in a bid to re-imagine online meetings for remote teams. Hoping to put an end to video meeting fatigue, the product is described as an “asynchronous meeting platform,” which Grenke and Acapela’s other co-founder, ex-Googler Heiki Riesenkampf (who has a deep learning computer science background), believe could be the key to unlock better and more efficient collaboration. In some ways the product can be...
Tags: Fundings & Exits, Startups, TC, Europe, Berlin, Tech, Andreessen Horowitz, Dubsmash, Benedict Evans, Christian Reber, Recent Funding, Grenke, Visionaries Club, Acapela, Roland Grenke, Heiki Riesenkampf


This serial founder is taking on Carta with cap table management software she says is better for founders

Yin Wu has co-founded several companies since graduating from Stanford in 2011, including a computer vision company called Double Labs that sold to Microsoft, where she stayed on for a couple of years as a software engineer. In fact, it was only after that sale she she says she “actually understood all of the nuances with a company’s cap table.” Her newest company, Pulley, a 14-month-old, Mountain View, Ca.-based maker of cap table management software aims to solve that same problem and has so f...
Tags: Fundings & Exits, Startups, TC, Microsoft, Stanford, Funding, Tech, Venture Capital, Andreessen Horowitz, Morgan Stanley, Stripe, General Catalyst, Caffeinated Capital, Braintree, Yu, Wu


Descript, Andrew Mason’s platform to edit audio by editing text, now lets you edit video, too

Descript, the latest startup from Groupon co-founder Andrew Mason, made a splash in the world of audio last year with a platform for easy audio editing based on how you edit written documents, adding features like an AI-based tool that uses a recording of you to let you create audio of any written text in your own voice. Today the startup is moving into the next phase of its growth. It is launching Descript Video, with a set of tools to take screen recordings or videos and then create titles,...
Tags: Google, Media, Washington Post, Groupon, Tech, Artificial Intelligence, New York Times, Andreessen Horowitz, Bose, Otter, Andrew Mason, Bay Area, Mason, WebEx, Descript Mason, Descript


Anyscale adds $40M to bring its Ray-based distributed computing tech to the enterprise masses

The world of distributed computing took on a new profile this year when [email protected], a 20-year-old distributed computing project, found itself picking up thousands of new volunteers to help Covid-19 researchers generate more computing power to fold proteins and run other calculations needed for screening potential drug compounds to fight the novel coronavirus. Today, a startup that is also tapping the potential and opportunity in distributed computing is announcing a round of growth funding to ...
Tags: Google, Amazon, Python, TC, Tech, Intel, Andreessen Horowitz, Berkeley, UC Berkeley, Apache Spark, Nea, Ray, Apple Google, Microsoft Intel, Nishihara, Stoica


A Letter From The Casai CEO: Announcement of $48M Series A Funding

I am excited to officially announce our emergence from stealth mode with news of our Series A of $23M, led by the inimitable Angela Strange at Andreessen Horowitz. We are also humbled to announce our partnership with Brian Lewis at TriplePoint Capital for a debt facility of up to $25M. This recent capital follows our previously unannounced $5M seed round, led by Marcelo Lima at Monashees Capital and Nico Szekasy at Kaszek Ventures, bringing us to a total of $53M.
Tags: Travel, Andreessen Horowitz, Kaszek Ventures, Brian Lewis, TriplePoint Capital, Angela Strange, Monashees Capital, Marcelo Lima, Nico Szekasy


Audio learning startup Knowable switches to a $9.99-per-month subscription model

Knowable, the Andreessen Horowitz-backed startup focused on audio learning, is switching business models. When the company launched last year, it charged users on a per-class basis. Starting today, it’s shifting entirely to a subscription model, where listeners pay $50 annually or $9.99 per month for unlimited access to the Knowable library. “This gets us closer to our mission of daily, actionable learning,” co-founder and CEO Warren Shaeffer told me. In other words, the subscription encourages ...
Tags: Startups, Media, Education, Tech, Alexis Ohanian, Andreessen Horowitz, Mark Bittman, Knowable, Amy O Leary, Shaeffer, Warren Shaeffer, Alex Benzer, Benzer


Casai Raises $48 Million, Mexico's Largest Series A, to Build a New Kind of Hospitality Brand

Casai, an emerging markets hospitality brand that offers beautiful and intelligent living spaces suited for the nomadic generation, today announces a $48 million Series A including $23 million in equity funding and up to $25 million in debt financing from TriplePoint Capital. The round is the largest Series A raised by a company in Mexico today and one of the largest in Latin America. Led by Andreessen Horowitz, the equity funding includes participating investors Andreessen Horowitz's Cul...
Tags: Travel, Mexico, Andreessen Horowitz, Latin America, DST Global, Kaszek Ventures, Tom Stafford, Runa, Casai, Loft Kavak, Casai Raises 48 Million Mexico


Merging Airbnb and the traditional hotel model, Mexico City’s Casai raises $23 million to grow in Latin America

With travel and tourism rising across Latin America, Casai, a startup combining Airbnb single unit rentals with hotel room amenities, has raised $23 million to expand its business across Latin America. The company, which initially was as hit hard by regional responses to the COVID-19 pandemic as other businesses in the hospitality industry has recovered to reach nearly 90 percent of total capacity on the 200 units it manages around Mexico City. The company was co-founded by chief executive Nico...
Tags: Travel, Google, TC, Real Estate, Mexico, Tech, Engineer, Andreessen, Tourism, Mexico City, Sharing Economy, Airbnb, WeWork, Andreessen Horowitz, Financial Services, Laser


With thousands of subscribers, The Juggernaut raises $2 million for a South Asian-focused news outlet

As paid newsletters grow in popularity, Snigdha Sur, the founder of South Asian-focused media company The Juggernaut, has no qualms about avoiding the approach entirely. In October 2017, Sur started The Juggernaut as a free newsletter, called InkMango. As she searched for news on the South Asian diaspora, she found that articles lacked original reporting, aggregation was becoming repetitive and mainstream news organizations weren’t answering big questions. Then InkMango crossed 700 free read...
Tags: New York City, Tech, Queens, Andreessen Horowitz, Bronx, Mumbai, Athletic, Padma Lakshmi, Browner, Balaji Srinivasan, Precursor Ventures, Chhattisgarh India, Juggernaut, Old Town Media Angels, Kabam Holly Liu, Michaela Stone Cross Snigdha Sur


Free-to-play gaming giant Roblox confidentially files to go public

The gaming company Roblox announced today that it had confidentially filed paperwork with the SEC to make its public debut. In February, the company which operates a free-to-play gaming empire with tens of million of users, was valued at $4 billion after a Series G funding round led by Andreessen Horowitz . The company has raised more than $335 million in venture capital funding according to Crunchbase. The company has not detailed the number of shares in plans to offer and furthermore note...
Tags: TC, Gaming, Video Games, Tech, Andreessen, Software, SEC, Andreessen Horowitz, Unity Technologies, Roblox, Video Gaming, U.S. Securities and Exchange Commission


10 things in tech you need to know today

Fortnite parodied Apple's famous 1984 ad Epic Games Good morning! This is the tech news you need to know this Monday. Sign up here to get this email in your inbox every morning.A judge ruled Apple doesn't have to bring Epic Games' 'Fortnite' back to the iPhone App Store. Epic sued Apple in August over allegations of anticompetitive behavior.60 employees voluntarily resigned from Coinbase over its new 'apolitical' policy. Tensions came to a head in a company-wide meeting when employees d...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Trends, Nvidia, Andreessen Horowitz, Jeff Bezos, Google Ventures, Coinbase, Sundar Pichai, Alexa, Salesforce Ventures, Pichai, Priscilla Chan, Nordic


Human Capital: Uber engineer explains why he spoke out against Prop 22

Welcome back to Human Capital where we discuss the latest in labor, and diversity and inclusion in tech. This week’s eyebrow-raising moment came Wednesday when the U.S. Department of Labor essentially accused Microsoft of reverse racism (not a real thing) for committing to hire more Black people at its predominantly white company. And that wasn’t even the most notable news items of the week. Instead that award goes to Uber engineer Kurt Nelson and his decision to speak out against his empl...
Tags: Google, TC, Uber, Microsoft, Unions, Labor, California, Biz, US, Tech, Diversity, Kickstarter, Poland, Silicon Valley, Paradigm, Andreessen Horowitz