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July 31, 2018, 10:45 AM
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memeorandum
WeSmirchTop News
| Richard Kerby: |
Review of ~1,500 VCs shows about 40% attended either Stanford or Harvard, and the group is 82% male, 70% white, 26% asian, 3% black, and 1% hispanic — The lack of diversity within venture capital is something I have been hard at work to try and remedy and I write about frequently.
More:
Quartz, Axios, AVC, and TechCrunch
| Bloomberg: |
Samsung misses Q2 estimates with an operating profit of ~$13.4B, up 5.7% YoY, on revenue of ~$52.19B, down 4% YoY, amid weak sales of Galaxy S9 — Samsung Electronics Co.'s net income fell short of analysts' estimates as slowing growth in the global smartphone market hits demand for its Galaxy devices … | Nick Statt / The Verge: |
WhatsApp group calling for voice and video, announced at F8, now live globally on iOS and Android, with end-to-end encryption and support for up to four users — Up to four people can chat simultaneously — Back at Facebook's F8 developer conference in May, WhatsApp announced … | Axios: |
Sources: Yahoo Finance is launching a full-day live video streaming network by the end of the year that will include market and global financial news updates — Yahoo Finance is launching a full-day live video streaming network by the end of the year, three sources familiar with the plans tell Axios.| New York Times: |
A look at how robotic hands are evolving to perform more complex tasks on their own, thanks to advances in AI and machine learning — Robotic hands could only do what vast teams of engineers programmed them to do. Now they can learn more complex tasks on their own. — A robotic hand?| Ben Thompson / Stratechery: |
Despite Facebook's disappointing Q2 earnings, its moats are deeper than ever and its money-making potential is not only huge but growing — While I was mostly unplugged on my vacation last week, with the news of Facebook's disappointing earnings report and subsequent stock decline …
More:
getrevue.co and Howard Lindzon
| Dean Takahashi / VentureBeat: |
Nintendo sells 19.7M Switch consoles to date, with net sales of $1.513B in the quarter ending June 30, up 9% YoY, and profit of $394.6M, up 42% YoY — Nintendo reported net sales of $1.513 billion for the first fiscal quarter ended June 30, up 9 percent from $1.386 billion for the same period a year ago.
More:
The Verge, TechCrunch, Telegraph, Thurrott.com, Bloomberg, IGN, Neowin, Bloomberg, Engadget, and Kotaku
| Paul Sawers / VentureBeat: |
Freshworks, which offers a range of customer support and sales software, has raised $100M Series G co-led by Sequoia and Accel Partners, at a $1.5B valuation — Freshworks, which offers a range of customer support and sales software, has raised $100 million in a series G round of funding co-led … | Kirsten Korosec / TechCrunch: |
Uber says it will stop development of self-driving trucks and instead focus on self-driving cars; Uber Freight is unaffected by this decision — Uber is shuttering its self-driving trucks unit, a beleaguered program borne out of the company's controversial multi-million acquisition of Otto nearly two years ago.
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VentureBeat, TechSpot, SiliconANGLE, CNBC, The Next Web, The Verge, FreightWaves, Mashable, Fortune, SlashGear, Telegraph, CBS Pittsburgh, Engadget, Seeking Alpha, Financial Times, Slate, Business Insider, and The Loop. Tweets: @jillianiles
| Jeremy Horwitz / VentureBeat: |
Google officially launches the Chrome browser on its Daydream VR platform, with voice search, incognito mode, and a cinema mode that optimizes web video for VR — If you're excited by the prospect of browsing the web from the comfort of your VR headset, good news: Google is bringing … | Catherine Shu / TechCrunch: |
Skyline AI, which uses data science and machine learning algorithms to help real estate investments, raises $18M Series A led by Sequoia Capital — A mere four months after coming out of stealth mode with $3 million in seed funding, real estate investment startup Skyline AI announced …
More:
VentureBeat, SiliconANGLE, and Crowdfund Insider
| Julia Alexander / Polygon: |
Social media has shifted from a distraction where comedians found success to a political conversation where old jokes can lead to the end of careers — How jokes became ammo during the social media platform's shift from distraction to political warzone — How do you make a dead baby float? You take your foot off its head.| Jamie Rigg / Engadget: |
Sony reports Q1 revenue of $17.9B, beating estimates with ~$1.8B profit and sales of 3.2M PS4s, but lost nearly $97M from its smartphone division — Sony's new CEO Kenichiro Yoshida has been at the company's helm for just a few short months now, but fortunately, former chief Kaz Hirai left him an already successful company to run.
More:
The Verge, Wall Street Journal, Reuters, and Seeking Alpha
Sponsor Posts
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Command Line:
GitHub Universe 2026: Highlights from the developer's developer conference — Copilot Fusion was the belle of the ball, but the hero at the heart of the two-day event was the developer community.
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Sources:
Tobi Lütke on the AI agent revolution and future of Shopify
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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