Techmeme
September 15, 2019, 6:30 PM

Top News

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.
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 …
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.
Andy Greenberg / Wired:
Researchers: execution errors prevented the Crash Override malware, which took down the Ukrainian power grid for an hour in 2016, 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.
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.
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.
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.

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Intel:
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Jason Snell / Six Colors:
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