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User blogs
Today, there are a number of website builders aimed at creators who want to point fans to a dedicated landing page from their social media profile. If you’ve spent any time on TikTok or Instagram, you’ve likely come across one of these simplified “link in bio”-style websites — like those hosted by Linktree, for example. A new startup called Beacons is now entering this market with the goal of making “link in bio” websites even more powerful. Its website builder offers creators an expanded set of tools to monetize their community, including through donations, sales, paid requests, affiliate shopping and more.
After signing up for the service, Beacons walks the user through a series of questions, many which can be answered with just a “yes” or “no.” For example, Beacons may ask the user if they want to accept donations or collect followers’ emails, if they make TikTok or YouTube videos, and which category they’re in, in terms of the content they create.
This information is used to set up their Beacons landing page with the right content sections, which Beacons calls “blocks.” At launch, Beacons offers around a dozen of these configurable blocks, like email and SMS collection modules, video embed blocks for TikTok or YouTube creators, music blocks for embedding a track or album, a Twitter block to embed a tweet or Twitter profile, and link blocks, similar to Linktree, among others.
There’s even a “friends” block, which is like a modern-day Myspace Top 8. This lets you link out to your friends on either Beacons, Instagram, Twitter or TikTok.
An area where Beacons differentiates itself from other “link in bio” website builders, however, is with its set of “monetization” blocks. Today, it has four tools for creators who want to generate revenue from their online presence. One of these is similar to Cameo, as it allows the creator to set up a menu of options to take fan requests for personalized content. For instance, fans could ask a fitness influencer to critique their routine, or they could pay to have their burning questions answered by someone they admire. The creator can then send out a personalized response either publicly or privately.
Other monetization blocks allow creators to accept donations or sell digital downloads — like e-books or paid video content, for instance.
Image Credits: Beacons
The fourth, and perhaps most interesting, monetization block is a TikTok shopping feature. It allows creators to embed their TikTok videos where they recommend products directly on their Beacons website. From here, they can add affiliate links to the products in question, allowing them to directly generate revenue when fans purchase the items they’ve featured.
This particular feature comes at an opportune time. Today, TikTok is only beginning to formalize its plans around e-commerce. In a recent presentation to marketers, TikTok spoke of its plans to launch new online shopping tools that would allow brands to more directly reach TikTok’s younger audience. TikTok has also partnered with Shopify on social commerce, and has experimented with live video shopping, including with a holiday event hosted by Walmart.
But TikTok’s creators have already been driving shopping trends across categories like fashion, beauty, home décor, household items, toys and much more, to the point that “TikTok made me buy it,” has become a common excuse for the impulse purchases prompted by TikTok’s viral content. By allowing creators to now more directly and financially benefit from these trends is the next logical step.
Image Credits: Beacons
The idea for Beacons comes from co-founders Neal Jean, Jesse Zhang, Greg Luppescu and David Zeng. Neal, Jesse and David met while in the PhD program at Stanford studying different areas of research, like machine learning and AI. Greg, meanwhile, did his Master’s at Stanford, then went on to work at Apple on the Apple Watch team.
Neal, Jesse and David had teamed up on Beacons and went through the Y Combinator Summer 2019 batch, iterating on ideas and pivoting the product several times. Some of those early concepts may eventually return — like a Shopify integration that would connect creators with brands selling on Shopify, for example.
The broader focus, however, had always been on helping creators make money, says Neal.
“Even before our current product, we were really focused on trying to help creators solve monetization,” he explains. “When we kind of made this mini-pivot into the more Linktree-like product, we thought about building features that can help creators actually generate revenue — which I don’t think Linktree or any of the existing incumbents in the space were doing. Even today, you can’t actually make any money through Linktree,” he notes.
Linktree, of course, is only one of many “link in bio” websites on the market today, which means Beacons still faces a lot of competition. Other rivals include Linkin.bio, Lnk.bio, Shorby, Tap.bio, Feedlink.io, Link in Profile, Milkshake, Campsite, bio.fm, url.bio and biolincs.me, for example.
Unlike some of its competitors, Beacons offers its tools for free and instead monetizes through a premium plan ($10/mo) that allows creators to use their own custom domain. It also makes money by taking a percentage of sales on the requests and sales blocks, which is either 9% on the free plan or 5% on the paid plan. This rev share doesn’t bring in much money today — only “hundreds” of dollars — but the team believes that will scale as the startup grows and gains a large user base.
“Our strategy is…to continue building out more of these different kinds of revenue streams for creators,” says Neal. “And as we do that, I think, the fraction of transactional revenue will become higher relative to the subscription revenue than it is today.”
Since launching in private beta last September, Beacons has seen 90,000 sign-ups and now has over 20,000 people who are considered active users of the product — most arrived in the last couple of months when the service began to roll out some of its newer features. So far, Beacons hasn’t done any paid marketing, with around 77% of new users coming to Beacons because they saw it on someone else’s profile.
The team raised a small, post-YC angel round of around $600,000 but is looking to fundraise in the future.
The beauty of podcasting is that anyone can do it. It’s a rare medium that’s nearly as easy to make as it is to consume. And as such, no two people do it exactly the same way. There are a wealth of hardware and software solutions open to potential podcasters, so setups run the gamut from NPR studios to USB Skype rigs (the latter of which has become a kind of default during the current pandemic).
We’ve asked some of our favorite podcast hosts and producers to highlight their workflows — the equipment and software they use to get the job done. The list so far includes:
Articles of Interest’s Avery Trufelman
First Draft and Track Changes’ Sarah Enni
RiYL remote podcasting edition
Family Ghosts’ Sam Dingman
I’m Listening’s Anita Flores
Broken Record’s Justin Richmond
Criminal/This Is Love’s Lauren Spohrer
Jeffrey Cranor of Welcome to Night Vale
Jesse Thorn of Bullseye
Ben Lindbergh of Effectively Wild
My own podcast, RiYL
Eleanor Kagan, Senior Producer, “Welcome to Your Fantasy,” Pineapple Street Studios. Image Credits: Eleanor Kagan
Launching today from Spotify and Pineapple Street Studios (in association with Gimlet), “Welcome to Your Fantasy” explores the true crime tale behind the Chippendales phenomenon of the 1980s. Historians and “Past/Present” hosts Natalia Petrzela, Nicole Hemmer and Neil J. Young will unravel the tale over the course of an eight-episode series. The show took 18 months to create, bolstered by considerable resources from Spotify. Pineapple Street Senior Producer Eleanor Kagan (Another Round, See Something Say Something and Thirst Aid Kit) runs us through the gear the team used to create the series both in-person and remotely, once the pandemic hit.
Dancer Scott Layne walks host Natalia through one of his routines during an interview. Image Credits: Eleanor Kagan
For in-person interviews not recorded in Pineapple’s Brooklyn studio, my basic reporting kit includes a Zoom H5, which has two XLR channels and allows me to give one Rode NTG-2 shotgun mic to the host Natalia and the other to the interviewee. (On mic stands, of course — the mic itself is prone to handling noise.) I’ve got a Rode pistol grip for when we, say, knock on doors in the neighborhood of the former Chippendales club in LA, looking for people who had been around when the party scene at the club was supposedly causing wars between the owners, neighbors and the police. (Luckily, we found Naomi, 94, who had been there since 1972 and had stories for days. She’s in the podcast.) Christine showed me how she brilliantly uses a cross-body camera strap attached to her recorder so she can hang it comfortably around her. For gear bags I used to swear by the Lowepro Passport Sling, but now that I’m older (lol), one-strapping isn’t comfortable for a long day in the field, so I use a regular backpack. My kit also includes Sony MDR-7506 headphones, an assortment of three- and six-foot XLR cables (always have backups), a deadcat, extra SD cards, an Electro Voice RE50/B mic, pens, snacks, release forms and batteries. So many batteries.
Producer Christine records historian Neil describing the LA neighborhood where the original Chippendales club opened. Image Credits: Eleanor Kagan
Then the pandemic hit. We all went on lockdown. We had done most of our interviews but there were a few we still needed, plus all the host tracking for the series. So we shipped Natalia a kit: a Zoom H6, a Shure SM7B cardioid dynamic announcer microphone, a CloudLifter CL-1 Microphone Activator, a broadcast arm, XLR cables and a windscreen. Natalia set up shop in her closet, surrounded by clothes, a fleece blanket on the floor, and as many cushions as she was willing to pull off her couches and chairs. (Sound bounces off of hard surfaces. The soft materials absorb it so the recordings won’t sound echoey or “roomy.”) We sent our amazing engineer Hannis Brown mic tests so he could diagnose the set-up from afar and suggest tweaks. And Natalia, bless her, was incredibly game to essentially become her own recording engineer ON TOP OF hosting an entire show. We quickly got accustomed to doing everything remotely and over Zoom, as all of us everywhere did.
Natalia’s closet studio. Image Credits: Eleanor Kagan
When it came to remote interviewing, we would connect over Zoom, and both Natalia and our interviewee would record themselves. (We always recorded the Zoom as a backup too.) It was up to us producers to talk our interviewees through self-syncing. Experience and teamwork was of the utmost importance here. Interviewees only had so much time, and explaining how to set up a recording on a smartphone (or iPod!, yes, really) and transfer a test recording quickly, and then troubleshooting any audio problems in their location was important to getting a high-quality interview without taxing anyone’s patience. There are several useful guides and graphics out there that walk through the set-up. There’s something a little bit lost, of course, when we don’t get to walk into people’s homes for interviews, or even when former Chippendales dancers can’t produce their original costume in the middle of the interview — as one guy did. But everyone was incredibly kind and patient and willing to do this for us, for which we are very, very grateful.
In the end, we interviewed about 70 people for this series. We wrote 26 drafts of our first episode. We reviewed 100+ hours of archival footage. And I believe there are still more stories to be told when it comes to Chippendales.
Thankfully, no matter where in the world anyone is, we have the tools to do it.
Source: https://techcrunch.com/2021/02/10/how-i-podcast-welcome-to-your-fantasys-eleanor-kagan/
As a deep tech investor, I have often noticed that deep tech startups go through a different evolution cycle than a typical B2B or B2C company.
Accordingly, the challenges they face along the way are different — commercialization tends to be more complex and founders are often required to approach it differently.
Deep tech companies are usually built around a novel technology that offers significant advances over existing solutions in the market; often they create new markets that don’t yet exist. Taking these technologies from “lab to market” requires substantial capital carrying a much higher degree of risk than an average venture investment.
The majority of VCs are often surprised by the amount of complexity involved in building a successful deep tech company.
Typically, the underlying intellectual property (IP) of a deep tech company is unique and hard to recreate, resulting in a significant competitive advantage.
High risk, high reward
Since most deep tech companies are built around a fundamentally new and unproven technology, they carry higher risk. Typically, the tech has been tested in a lab or a research center and the early results are therefore often derived in a controlled environment. As a result, while building a product, founders are likely to encounter technical challenges along the way and won’t be able to eliminate the technology risk until later in the process.
By comparison, if a company is building a marketplace for used cars, for example, the technology risk is almost zero. Deep tech companies have the capability to create new markets with little competition and can replace existing technologies while fundamentally transforming an industry.
Microsoft, Nvidia, ARM, Intel and Google were all deep tech startups in the beginning. These companies will almost always require higher capital, carry higher risk and have longer time to return on investment.
However, if successful, they could deliver outsized returns over an average venture investment.
Technology-first approach
An obvious, but fundamental difference with deep tech companies is their technology-first approach. Typically, the founder has developed a novel technology or IP as part of their Ph.D. thesis or postdoc work and is in search for a real-world problem it can solve. Most startups, in general, pick an existing problem in a market they know well and develop a product that solves for that problem and they have a clear sense of the problem they need to solve.
Deep tech entrepreneurs take the opposite approach and as a result they often suffer from SISP (a solution in search of a problem), as Y Combinator calls it. Founders need to be aware of this and must be willing to pivot and repivot based on market and customer feedback. Investors should be prepared for this before backing the company and support the founders as they navigate through the challenges of building a successful deep tech company.
Toyota Motor North America said Wednesday it will bring three new electrified vehicles to the U.S. market, as the automaker seeks to win over customers by offering a variety of lower emission and zero-emission cars and SUVs.
Two of the new vehicles will be all-electric and one will be a plug-in hybrid, the company said Wednesday. Sales of the vehicles are expected to being in 2022.
The aim, according to Bob Carter TMNA’s executive vice president of sales, is to offer customers multiple choices of powertrain that best suits their needs. The automaker is developing and selling hybrids, plug-in hybrids like the Toyota Prius and Toyota RAV4 and fuel cell vehicles such as the Toyota Mirai.
The company said that by 2025, its Toyota and luxury Lexus models will have an electrified option. The automaker is also developing a dedicated battery electric platform called e-TNGA, that can be configured to meet different needs.
This all-of-the-above approach is aimed at reducing greenhouse gas emissions and capturing more market share, which Toyota believes can only be achieved through variety. Toyota wants to to have 40% of new vehicle sales be electrified models by 2025. By 2030, the company expects that to increase to nearly 70%.
“We believe the fastest way to lower greenhouse gases in the transportation sector is to offer drivers lower carbon choices that meet their needs,” Gill Pratt, chief scientist of Toyota Motor Corporation and CEO of Toyota Research Institute, said in a statement. “At every price point and with multiple powertrains, we can put more people in cleaner automobiles across North America to have the greatest near-term impact on total carbon emissions.”
The company’s internal research, which was built off of a tool that shows the trade-off between GHG Emissions and total cost of ownership, found that emissions of a currently available battery-electric model and a plug-in hybrid model are roughly the same in on-road performance when factoring in pollutants created by electricity production for the average U.S. energy grid used to charge batteries.
Manufacturing is a component of GHG emissions, Toyota noted. Researchers found that the production of a PHEV emits less GHG since it uses a smaller, lighter weight battery. The company also argued that plug-in hybrids are less expensive to buy and own, compared to a BEV.
The company’s argument — that BEVs and PHEVs can provide similar environmental benefits — syncs up with its business plan.
Source: https://techcrunch.com/2021/02/10/toyota-to-bring-three-new-electrified-vehicles-to-u-s-market/
Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.
“Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops, a founder or seeking a job in Silicon Valley, I would love to answer your questions in my next column.”
Extra Crunch members receive access to weekly “Dear Sophie” columns; use promo code ALCORN to purchase a one- or two-year subscription for 50% off.
Dear Sophie:
We’ve been having a tough time filling vacant engineering and other positions at our company and are planning to make a more concerted effort to recruit internationally.
Do you have suggestions for attracting workers from abroad?
— Proactive in Pacifica
Dear Proactive,
Yes, I have many suggestions on what you can do to support international talent interested in moving to the United States. Immigration is a great benefit for attracting the best and the brightest team members from around the globe. And providing immigration security through visa practices and green card programs supports retaining these valued individuals. Consider sponsoring international students and other qualified candidates in the upcoming H-1B lottery in March.
As it now stands, the H-1B lottery will be random this year, not pay-to-play. We anticipate the electronic lottery process will follow these dates:
- March 9 at 9 a.m. PST: H-1B registration process opens.
- March 25 at 9 a.m. PDT: H-1B registration process closes.
- March 31: You’ll know if your H-1B beneficiaries were selected electronically in this initial round of the lottery.
- April 1: First date to file H-1Bs selected in the lottery to request a 10/1/2021 or later start date.
- June 30: Last anticipated day to complete filing of selected H-1B petitions in this initial round of the lottery.
- After June 30: Possibility of a second lottery for registrations submitted in March.
Image Credits: Joanna Buniak / Sophie Alcorn (opens in a new window)
Through the H-1B and other proactive immigration-support measures you can take, your international team members will enjoy a greater sense of immigration security. This allows them to focus on their job rather than worrying about their immigration status. Here are my recommendations for drawing international talent from abroad and fostering productivity and loyalty.
Establish your company’s immigration policy
I recommend working with an experienced immigration attorney who can help your company develop an immigration policy based on your company’s core values, recruiting and immigration budget, and growth plan. Think of immigration as a benefit and a way to differentiate your company from others when recruiting top talent. Providing immigration benefits and immigration security goes a long way toward building team member loyalty and longevity.
For some companies, the best policy may be to have no policy, but it’s important to be deliberate about it and how that will affect your ability to make decisions and budget. For other companies, they implement a limited immigration policy to, for example, hire 40 engineers as soon as possible. Even with a decentralized workforce, a new recruit may be happy to move from Ukraine to Idaho even if your company is not based there.
