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Alex Mike

Jeff Bezos’ Blue Origin will be providing NASA with a valuable scientific tool ahead of the U.S. space agency’s goal of returning to the Moon: The ability to run experiments in simulated lunar gravity much closer to home, in suborbital space.

NASA revealed that Blue Origin will be modifying its reusable New Shepard sub-orbital launch vehicle to add Moon gravity approximation via rotation of the spacecraft’s capsule. That’ll effectively turn it into one big centrifuge, which will mean that objects inside will experience a gravitational force very close to that found on the lunar surface.

It’s not like there aren’t already ways to simulate lunar gravity, but the way that New Shepard will implement its system will provide two benefits that none of these existing methods can match: Longer duration, offering over two minutes of continuous artificial Moon gravity exposure, and larger payload capacity, which will unlock experimental capabilities that are currently impossible just due to space restrictions.

Blue Origin anticipates that this new capability for New Shepard will be ready to roll by 2022 – important timing because the whole idea is to help support NASA’s Artemis program, which is its mission series that will see a return to human Moon exploration, including establishment of a more permanent crewed research presence both in lunar orbit and on the surface.

Gravity on the surface of the Moon is about one-sixth as powerful as that here on Earth. NASA also points out that it will require experimentation not only in preparation for lunar missions, but also to support eventually crewed launches to Mars, which has gravity that’s just over one-third as strong as it is here.

Blue Origin is also working with NASA on human landers for its lunar missions, through a space industry team-up that includes Lockheed Martin, Northrop Grumman and Draper.

Alex Mike Mar 9 '21
Alex Mike

This morning Techstars Music is announcing 11 new companies that have joined its ranks, along with a partnership with Atlanta media house Quality Control.

While it’s easy to mentally bunch everything Techstars does together under the singular “Techstars” name, it’s actually made up of 40+ interconnected accelerator programs each with its own focus and portfolio. The majority of these are focused on a specific region — programs like Techstars Boulder, Boston, or LA. Others focus on a specific vertical or industry — like Sports, Space, or, in this case, Music.

So what all does that “Music” focus cover? It’s not just music creation tools, or apps for artists. As Techstars Music Managing Director Bob Moczydlowsky put it in a Q&A last year, “we don’t invest in music companies — we invest in companies solving problems for music. “.

Their past portfolio includes Endel, which generates “personalized soundscapes” meant to help you focus or fall asleep faster, and Blink Identity, a company looking to replace the paper/digital concert ticket with facial recognition machines.

The companies in the 2021 class, in alphabetical order:

Well as if disappearing men in suits and Katya's memory loss weren't a big enough start to the week LOOK WHAT JAIME JUST FOUND pic.twitter.com/U1U8POf5Xy

— Luna Gardner (live-tweeted comic) (@CRC_Luna) March 9, 2021

555 Comic: A company that develops “virtual characters” and uses them to tell stories through social media (like the tweet above). Imagine one artist having multiple “personas”, with each genre they dabble in represented by a different character, each with an evolving backstory. (Fun trivia: the number five said aloud in Japanese sounds like “Go”; the company’s name is a play on “Go Go Go!”)

BlackOakTV: A subscription, on-demand video service focusing on content made by black creators. Currently costs $4.99 a month with apps available on most major platforms.

Creative Futures Collective: A networking/mentoring program aiming to “unearth the next generation of creative industry leaders from disenfranchised backgrounds” and connect them with jobs and paid internships.

Fave: A social platform meant to help connect an artist’s “superfans” with each other and allow them to compete to earn reward from the artist.

HappsNow: a fully white-labeled ticketing platform meant to give artists/venues more control of the experience.

Holotch: Capture volumetric 3D video with off-the-shelf technology and stream it live. Imagine an artist capturing a performance live, and being able to watch them perform in your living room through augmented reality “holograms”.

Music Tech Works: A super simplified catalog and workflow for figuring out who owns the rights to a song and acquiring a license to use it.

Rares: A platform for investing in shares of particularly notable sneakers — think gameworn shoes, one-offs, or those that were never mass produced.

Remetrik: A software platform that aims to bring all of the (often labyrinthian) accounting involved with music royalties into one place in a simple and transparent way.

Volta Audio: A platform for artists to build immersive, evolving VR experiences

Westcott Multimedia: An automated advertising platform that looks for events related a music catalog (like, say, an artist’s birthday, or a song being played in the background of a viral video) and builds marketing campaigns around them.

Along with this latest class, Techstars Music is also announcing that it’s partnering with Quality Control, the media house behind Quality Control Music — best known as the label behind Migos, Lil Yachty, and Lil Baby. Quality Control joins Techstars Music as a “member” company (sort of like their equivalent to an LP, offering investment, helping with sourcing and vetting companies and mentoring them once they’re in); existing members include Amazon Music, AVEX, Bill Silva Entertainment, Concord, Peloton, Entertainment One, Right Hand Music Group, Royalty Exchange, Sony, and Warner Music Group.

Moczydlowsky tells me that Techstars Music alumni companies have raised over $105m since the first class in 2017, and that the group above has already raised over $3M ahead of its Demo Day in May.

Alex Mike Mar 9 '21
Alex Mike

Many companies have turned to self-serve sales, which may encourage people to try freemium or open source versions of a product. Some percentage of these users may turn into paying customers, and in the best case will act as leaders to bring a product into their organization.

Calixa, an early stage startup believes that this type of sale, known as a bottom up sales motion, requires a new kind of tool to manage the process, and today it announced a $4.25 million seed round.

Kleiner Perkins led the round with help from Operator Collective, Liquid 2 Ventures and a bunch of individual investors. The round closed in February 2020, but is only being announced today.

Calixa co-founder and CEO Thomas Schiavone says the roots of the company began when he was working at Twilio in 2010, and saw how powerful it was for developers to purchase tooling themselves. And an idea began to form that CRM tools like Salesforce weren’t built to deal with this kind of sales motion.

“What I realized [at Twilio] was that developers were just signing up more and more every day, and that if you really wanted to stay on top of what was going on and try to effectively grow and retain those accounts, you weren’t looking in Salesforce,” Schiavone told me.

He said that he decided to start Calixa in 2019 to solve this problem once and for all. While this kind of user-driven, bottom up sale has been in place at software companies for years, he still saw a dearth of tools for dealing with its unique qualities in one place.

“We saw a great opportunity to build something that democratizes […] running a bottom up company by not only giving all customer facing teams the ability to see what’s going on with customers, but also take action,” he said.

This ability to manage the process and maybe extend a trial, issue a credit or even reset a password while letting these teams see and understand the underlying customer data was what set it apart from traditional CRMs.

“The central thesis here is that Salesforce and other CRMs, don’t have that data. They’re too divorced or too much in this rigid world of the typical sales model, and you need something different to be an effective company,” he said.

To use the product, you simply sign up and then link the various accounts the product needs to compile the data it needs. It uses various API connectors to make this happen, and all it requires is that you enter your user name and password to access the accounts and begins pulling together the data.

Bucky Moore, a partner at lead investor Kleiner Perkins says that the pandemic has accelerated the move to a bottom up approach as in person sales models have been impossible. “Core to the success of this strategy is a data-driven understanding of each customer and user. By democratizing this capability to companies of all sizes, Calixa’s opportunity is to become the de-facto customer operations platform for the modern software business,” Moore said.

Schiavone reports the company has 7 employees spread across the U.S., Canada and Columbia. He says that as he hires, he will have offices in cities close to his clusters of employees, but he sees a hybrid approach where employees can decide just how much they want to be in the office.

The company spent last year building the product and working with 21 beta customers. The product will be generally available starting today.

Alex Mike Mar 9 '21
Alex Mike

Most companies claim they want a diverse staff but at the same time, complain they don’t know how to go about recruiting more diverse candidates.

Enter SeekOut — a startup that is out to give companies no excuses with its AI-powered platform.

A group of former Microsoft executives and engineers —  Anoop Gupta, Aravind Bala, John Tippett, Vikas Manocha — founded SeekOut in 2016. The team started out building a messaging platform that provided a deep level of information about people that others might be emailing. When they realized that what customers really were after was the information they were uncovering, and not so much the messaging capability, the company pivoted in 2017.

Today, SeekOut’s goal is to help talent acquisition teams to recruit “hard-to-find and diverse talent.” The startup wouldn’t name names but said it is working with 6 out of the 10 “most highly valued companies” by market cap in the U.S. Overall, it had about 500 customers as of January across a range of industries from technology to pharmaceutical to aerospace and defense to banking.

Over the years, SeekOut has built out a database with hundreds of millions of profiles using its AI-powered talent search engine and “deep interactive analytics.” It finds talent by scouring public data and using natural-language and machine-learning technologies to understand the expertise of each candidate and build a complete 360-degree view of each potential employee. Specifically, it blends info from public profiles, GitHub, papers and patents, employee referrals, company alumni, candidates in ATS systems.

While SeekOut initially focused strictly on technical talent, it has since broadened its base to helping recruiters and sources find more diverse candidates in general as well as people with simply “hard-to-find” skill sets. And it claims to do it with “unprecedented speed and precision” via a blind hiring method designed to reduce bias. SeekOut then gives recruiters a way to engage with candidates instantly by getting access to the right contact information in a “single click.”

SeekOut co-founders (left-to-right) Anoop Gupta, Aravind Bala, Vikas Manocha and John Tippett. Image courtesy of SeekOut

The startup is hitting such a sweet spot that it attracted the attention of Tiger Global Management, the global investment firm that just led a $65 million Series B that values SeekOut at around $500 million.

Existing backers Madrona Venture Group and Mayfield also participated in the financing, which brings SeekOut’s total funding since inception to $73 million.

In a world where so many startups have yet to turn a profit, SeekOut is a refreshing exception. Since its $6 million Series A raise in May 2019, the SaaS company says it has grown its subscription revenue (ARR) by “more than 10-fold” (although it declined to reveal hard revenue figures). And it’s been profitable, or cash-flow positive, each of the last two years.

Gupta, who serves as the company’s CEO, said its platform (dubbed Talent-360) helps companies not only find diverse talent, but helps them improve retention by finding the “right” candidate to begin with.

While there was a pause almost across the board in hiring when the COVID-19 pandemic began, the emergence of remote work as a new normal has forced companies to think more creatively about hiring — especially since they are not constricted by geography as in the past — according to Gupta.

“This freedom also means their need for tools like SeekOut increased and we have seen our business take off as a result,” he told TechCrunch. “The focus on diversity hiring and our unique approach to finding the talent and offering blind hiring features has super charged the adoption.”

SeekOut’s Insights dashboard.

Mario Linares, head of talent acquisition at Aviatrix, acknowledges that competition for talent among software companies is fiercer than ever

“SeekOut’s innovative AI-powered search, global power filters, diversity filters, and talent pool insight have been critical components of Aviatrix’s global growth plan,” he said in a written statement.

For Tiger Global Partner John Curtius, SeekOut’s platform has the potential “to transform the world of HR.”

“We are impressed by the customer love and traction SeekOut is experiencing,” he said in a written statement.

Looking ahead, SeekOut plans to use its new capital to speed up the development and expansion of its platform and build customer success, engineering, sales and marketing teams in Seattle. And it plans to use its own platform to do it.

The company also plans to double its headcount of 50 over the next year.

Alex Mike Mar 9 '21
Alex Mike

Rep. Barbara Lee (D-13 California) took time out of her busy schedule this week to join us for TechCrunch Sessions: Justice. During our our wide-ranging discussion, she talked about the issues in tech that unfortunately do not get enough attention: a lack of diversity in tech, the so-called pipeline problem, the digital divide and access for all to the legal cannabis marketplace.

Rep. Lee has represented the 13th District of California — Oakland and the surrounding East Bay cities — since 1998. Since then she has been an active member of the Congressional Black Caucus, which formed 50 years ago this month with 13 members and continues to have an enduring impact on the nation.

“They were truly the conscience of the Congress,” Lee says, “because these 13 members of Congress on each and every issue, they pushed the envelope for justice — for racial justice. Yes, for the African American community, but in their initial founding statement, they said for all marginalized communities in this country. And so if you fight for justice for African Americans, you’re fighting for justice and equality for everyone who has been left out of this country’s promise of the American dream.”


On a lack of diversity in tech

Rep. Lee, along with Rep. Maxine Waters and other Congressional Black Caucus members have visited companies in Silicon Valley and New York to address the issue of diversity in tech. In 2015, as a part of TECH2020 [PDF], the members met with CEOs of some of the biggest companies in the world to get their take on diversity in tech and the struggles the wider industry seems to have when it comes to increasing representation on their teams.

We’ve made many trips to Silicon Valley and to New York and have met with the tech sector over and over and over again. We see a glimmer of hope, but not much. When you look at the numbers of the workforce in terms of employees, I think we’re looking from maybe — as it relates to African Americans — but maybe from 2 to about 7%. If that. When you look at the retention numbers, cultural hostility in many respects that tech sector employees tell me they were faced once they’re in, they don’t stay a long time, because the culture has not been a culture friendly for African Americans and Latinx individuals. And it’s a problem. And we’re gonna keep pushing. I co-chair TECH2020, which we started five years ago. And we’ve heard so many excuses from tech sector.… We’ve got to crack that culture. And I’m telling you, we’ve got to do before we exercise our regulatory reform, and I’ll stick because there’s no way in America, any tech sector, any company should have only — and especially in California, only 2 to 7% of African Americans in the in the workforce. (Timestamp: 2:48)

The conversation around diversity in tech is one that began years ago. Public diversity reports illustrate the struggle that companies still find themselves engaged in. And potential unwillingness to address the issue. Rep. Lee says she and other members of the Congressional Black Caucus have their eyes on the industry as a whole. And she talked a bit more about what tools the federal government has in its arsenal to help encourage companies to engage in equitable hiring.

We have Black members everywhere on key committees that are conducting oversight and making sure that the tech sector, especially those — many received federal contracts, and they’re required to comply with executive order 11924. And they just don’t. They get away with it. And so no, I’m not satisfied. I think we made some progress, we see more diversity officers and more human resources officers who are African American, and I work closely with them. And I know the challenges that they’re faced with it. So I try to help them from the outside to make those companies respond in a more adequate and in a fair and equitable manner. (Timestamp: 5:26)


On the so-called ‘pipeline problem’

The “pipeline.” It’s what company heads point to when they’re asked why their rosters lack diversity. The thing is, it’s not real.

It’s a total myth. First of all, we have — I know African American engineers, African American professionals who, quote qualify for these jobs. But I do know there’s unconscious bias, i.e. racism in the companies. And so a lot of the companies have developed these anti-racist policies and programs where they tried to do the deep dive and try to help people understand unconscious bias and what have you, but they don’t take the results and implement them. And so it’s just really, you know, it’s not good. When you look at the tech sector jobs, I believe it’s about 40% are non-tech-related. And so you can’t tell me that we don’t have African American accountants, and, you know, auditors, African American communications firms, all of the services that they buy, they don’t contract with, and the non-tech jobs they don’t hire black people for. And so it’s a shame and disgrace, but we’re gonna keep pushing. (Timestamp: 6:08)


On investing in diversity

Oakland, Calif.-based Kapor Capital, the investment arm of the Kapor Center for Social Impact, raised $125 million for its third fund. The firm’s investing thesis promotes startups that are committed to building diverse teams and a culture of inclusion.

Thank god for Kapor… They’re committed to racial equity and racial justice. And in terms of their venture capital strategies in terms of how they seed firms to begin to enter into this space. What they do all over the state and in the country is remarkable. And I’m so proud that they are in Oakland, because Oakland, I think, is a microcosm of all of the possibilities, but all the challenges that we as African Americans and people of color have in America. (Timestamp: 10:55)


On cannabis

There remains a disproportionate number of Blacks incarcerated due to drug offenses. And as states continue to legalize marijuana, most recently in New Jersey just last week, the industry is seeing incredible growth. But Black Americans are being excluded from the economic benefits of that. As the co-chair of the Cannabis Caucus, Rep. Lee has plans to ensure the capital in the burgeoning legal cannabis market is available to all.

I also have legislation is called the RESPECT Act, which is about equity in the industry. The licenses — as of last year only maybe 1% or less were granted to African Americans. This is a trillion-dollar industry. And I don’t want to see what’s happening in the tech sector happening in the cannabis sector now, so we’re at the beginning of this. So we have in the MORE Act and in my bills, requirements to set up offices of equity and how you bring companies and help companies — I know in my own district we have an Office of Equity — to help them weed through the bureaucracy to get their licenses. But also access to capital. Sometimes it’s [$300K] to $500K just for a license… But I am determined — I am determined that we’re going to see those who have been most affected by these, this horrific draconian war on drugs get access to the industry and to the benefits. This industry creates jobs – good-paying jobs. They create economic opportunities, and they create community reinvestment opportunities, and so why not? And we’ve got to move forward. And we’re making a lot of progress. (Timestamp: 13:03)

Read the full transcript here.

 

Alex Mike Mar 9 '21
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