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Cynthia Perry, a former design research senior manager at Salesforce who left earlier this month, posted her resignation letter on LinkedIn that detailed her negative treatment at the company, Protocol first reported. In it, Perry, a Black woman, alleges she experienced “countless microaggressions and inequity” during her time there.
Ultimately, Perry said she left her job because she had been “Gaslit, manipulated, bullied, neglected, and mostly unsupported” by folks she chose not to name.
“Salesforce, for me, is not a safe place to come to work,” she wrote. “It’s not a place where I can be my full self. It’s not a place where I have been invested in. It’s not a place full of opportunity. It’s not a place of Equality for All. It’s not a place where well-being matters.”
Salesforce has long been vocal about the importance of equality. In 2016, Salesforce named Tony Prophet as its first-ever chief equality officer. That came about a year after Salesforce CEO Marc Benioff said its major diversity focus was “the women’s issue.”
Salesforce was one of the many companies that came out in support of the Black people in the wake of the killing of George Floyd.
“Now more than ever we must support one another as allies and speak up for justice and equality,” the company said in a tweet.
But companywide, Salesforce is just 3.4% Black in the U.S. while its leadership team is only 2.3% Black, according to its November 2020 diversity report.
“For privacy reasons, we can’t comment on individual employee matters but Equality is one of our highest values and we have been dedicated to its advancement both inside and outside of our company since we were founded almost 22 years ago,” a Salesforce spokesperson said in a statement to TechCrunch.
Perry is the latest Black female tech worker to speak out about her negative experience at a tech company. Last year, Ifeoma Ozoma and Aerica Shimizu Banks came forward with allegations of racial and gender discrimination at Pinterest. Then, Dr. Timnit Gebru said she was fired for speaking out about diversity issues in artificial intelligence at Google. That was shortly before Google former diversity recruiter April Curley alleged Google fired her for calling the company out “on their racist bullshit.”
Source: https://techcrunch.com/2021/02/08/ex-salesforce-manager-alleges-microaggressions-and-inequity/
DoorDash acquires a salad-making robotics startup, Twitter confirms subscription plans and Tesla makes a big bet on bitcoin. This is your Daily Crunch for February 8, 2021.
The big story: DoorDash acquires Chowbotics
DoorDash has acquired the Bay Area startup behind Sally, a salad-making, vending machine-style robot that added contactless ordering last fall.
DoorDash says the acquisition will “improve consumer access to fresh and safe meals, and enhance our robust merchant offerings and logistics platform,” though it isn’t getting specific about how it plans to use Chowbotics’ tech in its delivery platform.
This continues exploratory work that DoorDash has done with robotics, for example with Starship Technologies to test delivery robots.
The tech giants
Twitter confirms plans to experiment with new models, like subscriptions, in 2021— The company confirmed that it’s researching and experimenting with new models, but declined to provide details.
Tesla buys $1.5B in bitcoin, may accept the cryptocurrency as payment in the future — As the news broke, the price of bitcoin instantly rose by around 7% to more than $40,000 per coin.
Amazon warehouse workers to begin historic vote to unionize — On Friday, the National Labor Relations Board rejected Amazon’s attempt to delay a union vote set to begin today.
Startups, funding and venture capital
Clubhouse is now blocked in China after a brief uncensored period — Thousands of Chinese users suddenly found themselves unable to access Clubhouse on early Monday evening.
WeWork is apparently doing better, not that SoftBank wants you to talk about that — Buried in the footnotes of SoftBank’s earnings report today is some good news related to WeWork.
Automattic acquires analytics company Parse.ly — Parse.ly is now part of WPVIP, the organization within Automattic that offers enterprise hosting and support to publishers and marketers, including TechCrunch.
Advice and analysis from Extra Crunch
Oscar Health’s IPO filing will test the venture-backed insurance model — While Oscar has shown a strong ability to raise private funds and scale revenues, it’s a deeply unprofitable enterprise.
Container security acquisitions increase as companies accelerate shift to cloud — Why is there so much M&A action now?
Two $50M-ish ARR companies talk growth and plans for the coming quarters — In this installment of Alex Wilhelm’s series, we look at SimpleNexus and PicsArt.
(Extra Crunch is our membership program, which helps founders and startup teams get ahead. You can sign up here.)
Everything else
Silenced No More Act seeks to ban use of NDAs in situations involving harassment or discrimination — This proposed bill would expand the protections workers currently have through the Stand Together Against Non-Disclosures Act, which went into effect in 2019.
MIT is building a ‘one-stop shop’ for 3D-printing robots — The university’s CSAIL department showcased “LaserFactory,” a new project that attempts to develop robotics, drones and other machines than can be fabricated as part of a one-stop shop.
Hasselblad X1D II 50C: out of the studio and into the streets — We took the $10,000 camera kit out for a socially distanced spin.
The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 3pm Pacific, you can subscribe here.
Source: https://techcrunch.com/2021/02/08/daily-crunch-doordash-acquires-chowbotics/
Vaccine misinformation has been around since well before the pandemic, but ensuring that anti-scientific conspiracies don’t get boosted online is more crucial than ever as the world races against the spread of a deadly, changing virus.
Now, Facebook says it will expand the criteria it uses to take down false vaccine claims. Under the new rules, which Facebook said it made in consultation with groups like the World Health Organization, the company will remove posts claiming that COVID-19 vaccines aren’t effective, that it’s “safer to get the disease” and the widely debunked longstanding anti-vaxxer claim that vaccines could cause autism.
Facebook says it will place a “particular focus” on enforcement against groups, Pages, groups and accounts that break the rules, noting that they may be removed from the platform outright.
In the coming weeks we'll be making it harder to find accounts in search that discourage people from getting vaccinated on Instagram. These changes won't happen overnight, but will help keep our community safe and informed, especially as more claims around the vaccine emerge.
— Adam Mosseri
(@mosseri) February 8, 2021
Facebook took steps to limit COVID-19 vaccine misinformation in December, preparing the platform for the vaccine rollout while still lagging well behind the rampant spread of anti-vaccine claims. The company began removing posts containing some misinformation about the vaccine, including “false claims that COVID-19 vaccines contain microchips” and content claiming that the vaccine is being tested on portions of the population without their consent.
Why this kind of stuff didn’t already fall under Facebook’s rules against COVID-19 misinformation is anyone’s guess. The company came out of the gate early in the pandemic with a new set of policies intended to prevent an explosion of potentially deadly COVID-related conspiracies, but time and time again the company fails to evenly and firmly enforce its own rules.
Source: https://techcrunch.com/2021/02/08/facebook-vaccine-misinformation-policy/
Income-share agreements or ISAs have been gathering force as an alternative financial model for students, particularly at non-traditional schools like coding boot camps and trade schools. We’ve done some pretty deep dives into the space over the years in terms of how these loan products incentivize students and colleges to work together for better professional outcomes. Given their novelty though, one of the largest barriers to wide adoption remains the lack of capital for these models.
That’s starting to change, and companies like Blair are leading the charge.
Blair told TechCrunch that it has raised $100 million in a new debt facility to fund what it is dubbing “Blair Capital” to fund ISAs at partner institutions. The money came from an undisclosed investor, which was described by Blair CEO Mike Mahlkow as an “institutional capital partner with more than $10 billion under management.”
My colleague Mike Butcher first profiled Blair when it was coming out of YC back in summer 2019. When Blair first got started by co-founders Mahlkow, Constantin Schreiber, and David Nordhausen, it was focused exclusively on the direct-to-consumer market for ISAs. The idea was that students would go to Blair and secure an ISA with a set amount of upfront cash to cover tuition and cost of living, and then choose a school to attend. Underwriting was based on the future income potential of the student.
Blair’s technology platform allowed it to service ISAs for students, such as collecting their payments, tracking their requirements, and giving them updates on their remaining terms. But to really scale up the platform, Blair needed capital to actually underwrite ISAs and increase loan volumes on its platform.
So it looked to raise a debt facility — and then COVID-19 hit. “It was very, very, difficult to raise any kind of debt capital for direct-to-consumer ISAs,” Mahlkow explained in the milieu of a pandemic. But, “we got a lot of inbound demand from education institutions,” and particularly from alternative schools like coding boot camps.
Blair’s team. Photo via Blair.
So Blair rejiggered its platform (now dubbed Blair Servicing) away from D2C lending to being a technology servicing layer for schools offering ISAs as part of their programs. From there, it constructed Blair Capital, this new $100 million facility which can be used by its partner schools to fund their own ISA programs. That means these schools won’t have to raise their own debt capital for their ISAs if they don’t want to.
Unlike Blair’s original approach focused on consumers, underwriting for ISAs is now based on the quality of an individual school, and even more specifically an individual program. So rather than underwriting a person, Blair knows that certain programs have a given return profiles and can underwrite terms of the ISA to fit that risk.
Terms can vary widely between programs. Mahlkow explained that the company more or less has merely floors and ceilings on terms but otherwise is flexible. For instance, the company won’t do income shares above 20% (and often gets queasy even going near that number), and there are repayment caps and limits on repayment time periods as well, with most ISAs it offers being between 1-2 years or a maximum of three years.
Alternative schools with track records of student achievement can use Blair Capital right away. For newer schools without the same operating history, Blair will help guide those schools to build the early track record they need so that the company can underwrite their ISAs in the future. Either way, all schools can use Blair Servicing to handle their loans.
The school dashboard within Blair Servicing. Photo via Blair.
Blair Servicing takes a percentage fee of the money that flows back from an ISA after graduation, while Blair Capital takes an origination fee plus joins in the upside of the ISA itself. The goal is to incentive-align the loans for all parties involved.
The company, which is based in SF, remains lean at six employees. With $100 million capital to fund ISAs though, it hopes to have an outsized impact on this burgeoning industry.
Source: https://techcrunch.com/2021/02/08/blair-launches-100m-facility-to-fund-isas-for-students/
Micromobility startup Helbiz, which now operates across Europe and the USA, is merging with a special purpose acquisition company (SPAC) to become a publicly listed company, giving it a war chest to potentially roll-up smaller competitors in the space, as well as the resources to expand into “cloud” or “ghost” kitchens as part of a move into food delivery.
Helbiz intends to merge with GreenVision Acquisition Corp. (Nasdaq: GRNV), in the second quarter of 2021. The combined entity will be named Helbiz Inc. and will be listed on the Nasdaq Capital Market under the new ticker symbol, “HLBZ.”
The transaction includes $30 million PIPE anchored by institutional investors and approximately $80 million in net proceeds will be fed into Helbiz’s micro-mobility and advertising businesses, which have 2.7 million users.
Helbiz says the merged entity will have a valuation of $408 million, and by run Helbiz’s existing management under CEO Salvatore Palella.
Palella said: “Through this transaction, we’re committed to fulfilling our vision in revolutionizing transport by using micro-mobility to become a seamless last-mile solution.”
He further revealed to me that the company plans to establish ‘ghost Kitchens’ in Milan and Washington DC later this year, with the aim of introducing a 5 minute delivery time.
Helbiz has tried to differentiate itself from other players like Lime and Bird by offering e-scooters, e-bicycles, and e-mopeds all on one platform.
Key to Helbiz’s offering is an integrated geofencing platform that tends to appeal to city authorities who don’t want scooters left in random places, as well as a swappable battery that enables easier charging of the devices. Its subscription service allows users to take unlimited 30-minute trips on its e-bikes and e-scooters every month.
In Italy, the company currently operates a fleet of e-scooters and e-bicycles in Milan, Turin, Verona, Rome, Madrid, Belgrade, and in the U.S. it operates in in Washington, DC, Alexandria, Arlington and Miami.
David Fu, Chairman, and CEO of GreenVision, commented: “Helbiz has distinguished itself as the only company to offer e-scooters, e-bicycles, and e-mopeds all on one user-friendly platform… Helbiz has a proven and capital-light business model that combines hardware, software, and services with extensive customer relationships.”
