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September 15, 2019, 8:00 PM
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memeorandum
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| David Coats / VC by the Numbers: |
Analysis: ~51% of capital invested into US VC-funded companies exiting over the last decade lost money, while less than 4% generated a 10x or greater return — In fact, we are highly skewed. — Most of us know intuitively that venture investing is a hits driven business.
More:
AVC and Howard Lindzon
Tweets: @modestproposal1, @federicoantoni, @semil, @merket, @trace_cohen, @trengriffin, and @skupor
| Financial Times: |
Sources: Libra representatives to meet officials from 26 central banks, including the Federal Reserve and the Bank of England, in Basel, Switzerland on Monday — Facebook will be quizzed by global regulators on its planned Libra coin project amid concerns from EU governments over the threat …
More:
Engadget, PYMNTS.com, Reuters, and Cointelegraph
Tweets: @mehreenkhn, @pauvilagarcia, and @kiffmeister
| Rob Walker / New York Times: |
Despite what media and politicians say, there is no tangible tech backlash from consumers, who shrug off warnings of a dystopian future and embrace new tech — Worse, we think there is one. — Mr. Walker is the author of “The Art of Noticing.” — It's fun, and increasingly fashionable, to complain about technology.
Tweets: @evanselinger, @caseynewton, @marcgunther, @wiczipedia, @wiczipedia, @antoniogm, @pakman, @antoniogm, @antoniogm, @stevelohr, and @felixsalmon
| Christoph Rauwald / Bloomberg: |
Volkswagen is unifying its fragmented IT efforts under a new Car.Software unit, which will develop “vw.os”, with first cars with new software shipping next year — - Combined operations to pool about 10,000 software workers — Move will boost efficiency across 12 automotive brands| Wall Street Journal: |
As AT&T's CEO plans to retire, AT&T's TV business keeps declining, the Time Warner integration looks shaky, and now an activist shareholder pushes for changes — Plans by CEO Randall Stephenson to leave the helm to a longtime ally triggered the threat of a proxy fight by an aggressive Wall Street activist investor| Jeremy Horwitz / VentureBeat: |
An overview of Qualcomm's various R&D projects aimed at making 5G technology ubiquitous over the next few years — It was easy to call 5G inevitable. Whatever it was, some next-generation cellular technology was certain to follow 2G, 3G, and 4G into the mainstream of global life.
Tweets: @natetibbits, @bassilelkadi, and @horwitz
| Connie Loizos / TechCrunch: |
Interview with Cloudflare co-founder Michelle Zatlyn on its IPO, its dual-class stock structure giving employees 10x the voting rights over public shares, more — Shares of Cloudflare rose 20% today in its first day of trading on the public market, opening trading at $18 after it priced … | Andy Greenberg / Wired: |
Researchers: flaws in the Crash Override malware, which took down the Ukrainian power grid for an hour in 2016, kept it from causing lasting damage — A fresh look at the 2016 blackout in Ukraine suggests that the cyberattack behind it was intended to cause far more damage.| Renee Dudley / ProPublica: |
Ransomware hackers are targeting managed service providers, causing chaos for the city governments, medical clinics, and smaller businesses who use them for IT — On July 3, employees at Arbor Dental in Longview, Washington, noticed glitches in their computers and couldn't view X-rays.
Tweets: @sesmith, @propublicail, @propublica, @guptamnka, @propublica, @danlgolden, and @propublica
| Srividya Kalyanaraman / AmericanInno: |
CIMCON Lighting, whose smart city platform simplifies the deployment of sensors, cameras, and other devices, such as Wi-Fi access points, raises $33M Series C — Burlington-based smart city solutions maker CIMCON raised $33 million in a Series C round led by Digital Alpha.
More:
PR Newswire, Smart Cities World, and Biometric Update
| Jeff Abramowitz / Wired: |
Launched 20 years ago, Wi-Fi nearly lost out to the rival HomeRF, which was developed and promoted by a group including Compaq, HP, IBM, Intel, and Microsoft — Opinion: Launched 20 years ago this week, Wi-Fi nearly hit a dead spot. — We all love Wi-Fi, except when we can't connect.
Tweets: @davwrigh, @mgsiegler, @joshelman, @wired, @wired, and @oliakanevskaia
| Cyrus Lee / ZDNet: |
China Unicom and China Telecom, the two smaller mobile carriers among China's big three operators, are teaming up to build 5G networks across 15 Chinese cities — China Unicom has struck a deal with its rival China Telecom to build their 5G networks together to cut costs.Sponsor Posts
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Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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