Showing posts with label Uber. Show all posts
Showing posts with label Uber. Show all posts

Weekend Highlights; Cloud Computing Wins Preakness Stakes, Techies Stoked; Pittsburgh Welcomed Uber’s Driverless Car Experiment. Not Anymore



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Cloud Computing Wins Preakness Stakes, and Techies Are Stoked
(Fortune)

FCC won't publish evidence of alleged DDoS attack, amid net neutrality battle (ZDNet)


EMR change cited as one of the reasons IBM Watson and MD Anderson collaboration failed (iMedicalApps)

Pittsburgh Welcomed Uber’s Driverless Car Experiment. Not Anymore. (NY Times)


Walmart’s U.S. Online Sales Rise 63% (Fortune)

Salesforce sails into record territory, and analysts see calm waters ahead (Marketwatch)

2017 Healthcare Prognosis (Venrock)
Will Epic start making acquisitions? Would people rather bet on Flatiron, Clover or Oscar?

Cloud-services company's [EvolveIP} Upper Macungie office could grow after acquisition of Arizona firm (Morning Call)


U.S. Startups Fail to Attract Crowd of Small Investors (Bloomberg)

Huntsman Is Said to Be Close to Merger With Clariant (NY Times: DealBook)


Weekend Highlights: Comcast Promotes Marcien Jenckes to President, Advertising; Feds investigate Uber over use of tool to evade Philly authorities



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Comcast Promotes Marcien Jenckes to President, Advertising (Multichannel News)

PTC holding the course and sticking to its story (GraphicSpeak)

CenturyLink Pushes OTT TV Launch to Early Q3 (Multichannel News)
CenturyLink will be rolling out the OTT product to customers in its own footprint as well as nationally.

Feds investigate Uber over use of tool to evade Philly authorities (NewsWorks)

Shareholder advisors challenge SAP board in row over pay
(Reuters)
McDermott's comp doesn't seem out of line by US standards.

New offices in Cuba, Philadelphia part of Quebec's expanding international presence (Montreal Gazette)

IBM: If Buffett’s Selling, So Should You, Says Bernstein (Barron's Tech Trader Daily)





4/14: Uber shows some numbers; NewSpring Capital invests in Bucks County telecom company



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NewSpring Capital invests $14.3M in Bucks County telecom company (Philadelphia Business Journal)

Tiny WYBE-TV gets an offer - $131.5 million - it couldn't refuse (Philly.com)

Uber, Lifting Financial Veil, Says Sales Growth Outpaces Losses (Bloomberg)

Feds Arrest Former Susquehanna International Group Engineer For Theft Of Trading Code (Forbes)


Comcast Wins Spectrum – What's Next? (Light Reading)





Verizon considering topping AT&T's bid for Straight Path: source (Reuters)

Anaplan grows into a platform play – is that enough? (Brian Sommer / Diginomica)

Microsoft, Oracle, NetSuite: Why Some Cloud Deals Are Fake News (Fortune)





DC Sales AI company Afiniti valued at $1.6 billion, files for IPO (VentureBeat)

B2B PAYMENTS IBM Targets Pharmaceuticals With Blockchain Supply Chain Tech (Pymnts)


3/24: Alteryx pops 16% in trading debut; Inside Uber’s self-driving car mess



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Alteryx pops 16% in trading debut (CNBC)
SAP-backed Sapphire Ventures had a 13% pre-IPO stake in Alteryx. It also made out well on MuleSoft's IPO.




German Software Maker SAP Sees Benefits From Trump Tax Plans (Bloomberg)

SAP launches $35 million startup fund (ZDNet)







Big Companies Want to Move to the Cloud But Still Have No Idea How
(Fortune)

Inside Uber’s self-driving car mess (Recode)


Amazon: How You Can Possibly Compete with Them? Asks Raymond James Barron's Tech Trader Daily)

[Newtown-based] Drone company lands at Embry-Riddle’s research park (Daytona Beach News-Journal)
In October, Aerial Applications mapped all of Savannah, Georgia, for Comcast Cable after Hurricane Matthew struck.







3/21: Uber's press conference; Is Philly's life sciences cluster falling behind?



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Walmart e-commerce CEO Marc Lore says the company will make more acquisitions (Recode)

Uber is having a press conference call on Tuesday to discuss efforts to 'improve company culture' and hire a COO (Business Insider)

Uber’s messy breakup with Jones complicates search for COO (Bloomberg via Denver Post)

Uber offers more promises to fix its toxic culture, but the CEO is staying (The Verge)


The Inescapable Gravity Of Biotech’s Key Clusters: The Great Consolidation Of Talent, Capital, & Returns (Life Sci VC)
Philly / NJ is not one of them, Cambridge-based VC concludes.

Microsoft just showed off exactly what Salesforce was worried about (CNBC)
SAP cited as reference customer for new Sales Navigator Enterprise Edition. But how does it fit with Dynamics CRM?

SAP Ariba LIVE Dispatch: SAP’s Procurement Transformation, Ariba AI, Direct Procurement, FreeMarkets Alumni and More (Jason Busch / SpendMatters)


Apple’s Next Big Thing: Augmented Reality (Bloomberg)

Akamai accelerates Netflix-like video services and game downloads (VentureBeat)

Comcast puts cable division into the hands of former Comcast Cellular President Watson (FierceCable)


Malvern cybersecurity firm sells to Denver company to create 'explosive' combo (Philadelphia Business Journal)
Denver firm Optiv was bought out by KKR late last year, bypassing a planned IPO.


Sunday Highlights: IBM's MaaS360 links up with Watson; More change at Uber




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Not trying to outdo Comcast, this Philly start-up finds its own home-automation niche (Philly.com)
StratIS is a Philly-based IoT business that generates real revenue.

IBM intros cognitive assistant to tackle enterprise device sprawl (ZDNet)
IBM announced Monday the release of the MaaS360 Advisor, a Watson-based cognitive assistant. Its MaaS360 business (Fiberlink), is still largely based out of Blue Bell.


Duke basketball debuts new SAP-powered statistics site, just in time for NCAA tournament (TechRepublic)
Didn't do much good.

In Silicon Valley, a Voice of Caution Guides a High-Flying Uber
(NY Times)

Uber president Jeff Jones is quitting as management turmoil at the ride-hailing company deepens (Recode)




Saturday highlights: Vanguard Group systems crash for a while; PHH has bleak outlook




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Google is testing VoLTE support for some Project Fi subscribers (VentureBeat)

The $99 Billion Idea: How Uber and Airbnb Won (Bloomberg Business Week)

Kraft Heinz Takeover Bid Shakes Up Big Food and Its Slow Growth (Bloomberg)
Could shake up some Philly-area food businesses as well.

'Massive exodus' continues from active funds, and Vanguard is reaping the gains (CNBC)





PHH cuts South Jersey jobs, loses $202M, exits joint venture (Philadelphia Business Journal)

Appeals Court Agrees To Hear CFPB/PHH Case (Pymnts)

With No Frills and No Commissions, Robinhood App Takes On Big Brokerages (NY Times)

Measuring Dark Social Using Google Analytics (TOMASZ TUNGUZ / RedPoint)

Rider University adds computer science major to meet demand
(NJ.com)




Links 1/20: Pai to Be FCC Chair; SAP CEO on Trump: 'You have to give people a chance'



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Pai to Be FCC Chair (Multichannel News)


SAP CEO on Trump: 'You have to give people a chance' (Yahoo Finance)

SAP’s Leonardo points towards Applied Data Science as a Service (Diginomica)

Thoma Bravo Buys Enterprise Software Developer Planview; SaaS M&A Continues (Mergers & Acquisitions)


Taxi companies' lawsuit against Newark over Uber is tossed (AP via Philly.com)



Sunday highlights: Newtown Square-based My Alarm Center's new DIY division paying dividends






Links 8/17: Disney, NBC in Battle to Stream Sports (and More); Comcast 'Carefully Evaluating Our Options' for Mobile






Links 6/2: Neat turns its receipt-scanning app into subscription-based SaaS; PA looking to lead transportation revolution



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Big Data Firm Qlik Technologies OKs $3 Billion Private Equity Offer (Investor's Business Daily)

Neat turns its receipt-scanning app into subscription-based software (SearchCloudApplications)
Outsourced much of its software development.


SAP reshuffles product, executive decks to better target smaller companies (ZDNet)


PA Looking to Lead Transportation Revolution (Politics PA)

Uber's No Good, Very Bad Deal with Saudi Arabia (Dan Primack/Fortune)


Veeva Systems Inc Is Just Getting Started (Motley Fool)

.


Ex-Employee Sues Oracle Over Alleged Cloud Accounting Shenanigans, Oracle Plans Countersuit (CRN)


Sunday Morning Tech Buzz 10/25: Why some Unicorns are in trouble; SevOne celebrates 10 yrs; IMPACT 2015 Capital Conference November 3rd & 4th

Tom Paine



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(Where I somehow try to answer questions I haven't been able to answer the rest of the week, at a time when I'm least capable of doing so. And sometimes don't finish on time. This week, my excuse is that I made a rare visit to church.)









Also on the First Round Capital front, Uber, which on paper is worth alot to FRC, is said to be talking about raising another $1 billion, possibly pushing its valuation near $70 billion. These reports about Uber, when appearing in the "responsible press", usually turn out to be accurate and often conservative.

Meanwhile, an NYU professor and well-known expert on valuations thinks Uber is only worth about $23.4 billion, approximately. And Fortune looks at the private
company valuation game
and why there are so many unicorns now.

The problems with some unicorns is that they are built upon a pile of assumptions,
one stacked on top of another, that can collapse like a house of cards. Its too early to say, but there's a chance that DraftKings and FanDuel may have suffered irreperable damage from the alleged insider dealing scandal at DraftKings, Even if every one is cleared of wrongdoing, it still puts the spotlight on them and its unclear whether states and the federal government will continue to find their games legitimate. The US Attorney for Southern New York subpoenad DraftKings this week, reportedly asking for information about an employee’s activities and potential misuse of inside data.

I don't understand the science behind the Theranos situation as well, but that company's been valued at $9 billion, so there's a lot at stake.

Another unicorn, restaurant search engine Zomato, laid off 300 out off some 3,000 employees globally, the primary targets being people who collect content about restaurants. Technical.ly Philly reported that it ditched Philly entirely, shutting down its 15 person office, consisting of mostly content collectors.

TechCrunch reported that Zomato has raised over $223 million in funding, and in April the company disclosed its $1 billion valuation.

And that's how bubbles get started. Some people have a great deal of money to invest and their hurdle rates (expected returns) are low because interest rate are so historically low. Irrational assumptions, questionable due diligence, and failure to consider possible risk scenarios compound the problem. I'm not really crying for those investors who get burned on some of these deals.

But I won't call it a bubble now because I haven't seen enough blood in the street, as some people say. There have been rounds of layoffs at several area banks and FMC is cutting 800 + employees (some locally), as examples, but I haven't seen it hit much in Philly's tech sector.




SevOne held its first User Conference last week at UDel, though it was fairly small because its customer base is still a concentrated group of large customers and it was closed to the public. And it was fairly quiet, with not a great deal of information coming out of it, probably by design. But it certainly attracted considerable attention. My post on the user conference received amazing traffic on Twitter, though I suspect much of it were from bots set to respond to any mention of SevOne, paticularly after my post was retweeted by SevOne.

But its an exciting time for SevOne, which may or may not have attained unicorn status by now. In terms of dynamic, scalable monitoring of large network performance (and it handles some huge ones) SevOne appears to be ahead of the pack at the moment. And the market for large network management tools is exploding, with the emergence of mobile devices, Internet of Things applications, and the sheer number of devices now in use. SevOne will face big decisions in the next year or two: whether to go public, acquire or be acquired, and how broad its product line should be (right now its rather narrow). As well as tactical decisions about how to manage the products it has.

SevOne also used the occasion to celebrate its tenth anniversary of its founding, holding it at the University of Delaware where the Bakalovs started it. And part of the event was held in its future Delaware head offices at the Star complex on campus.





But one other firm that deserves much credit for SevOne's success was quiet; Osage Venture Partners, a fairly small VC at the time, had the vision to get in early. Osage is still in SevOne because it participated in its latest round; I don't know whether it got anything out at the time of Bain's investment snd partial recap.


Just a reminder, and I'll have more info next week, that the IMPACT 2015 Capital Conference, one of PACT's most important annual events, is right around the corner, to be held on November 3rd & 4th at the Ritz-Carleton Philadelphia.


Saturday Highlights: More Uber $ said to be coming; Why ESPN's video clips are disappearing from YouTube







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The Wharton Network At Its Best (Wharton Entrepreneurship Blog)
On Josh Kopelman being awarded the 2015 Alumni Achievement Award.

Uber Said to Plan Another $1 Billion in Fund-Raising (New York Times)

Township in New Jersey (Evesham) partners with Uber and BeMyDD to cut its DUI numbers (Ars Technica)

How the Mets moved on from Madoff (Fortune)

Here's why ESPN's video clips are disappearing from YouTube
(Fortune)




Google Cars: Great for bicyclists, but fit for the road?


Tom Paine



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I was recently contacted though email by a member of a small, multinational group that publishes a website (specifically by the editor, based in Copenhagen) who had seen a recent post ( this was the article referenced) and perhaps a little discussion on my site about self-driving autos and their practicality and safety. He pointed me to an article on their site, written by Luke Ameen, that highlighted Google's prototype car and the several ways it would improve bicycle safety, which I imagine is what readers of their website would be most interested in.

Their website, IceBike.org, is beautifully done, and the article, "8 reasons cyclists should love Google Cars", is highlighted here. I guess Ice Biking is something I'm not very familiar with (is it in the Winter X games?), but the scope of the website is broader than that, generally focusing on biking in cold weather climates where snowy or icy conditions are more common. The post does a great job of highlighting all the computer-aided features of the Google Car that could reduce car / bike incidents.

The post on Google Cars is so well done, in fact, that I might have almost thought it was astroturfed (placing things on social media that appear to be grassroots generated but are in fact put together by the organization) which Google is often accused of, though I don't know if there is any truth to those claims. I asked the editor, Mads Phikamphon, "did Google or its representatives provide any assistance, or compensation of any kind related to the preparation of this blog post"?. His response was no, and I accepted that.





The competition over self-driving cars is reaching a feverish pitch, with would-be entrants (both auto makers and tech companies) competing against each for talent, better test results, and the goal of gaining approval in cities, states, or even nations. There is a strong desire among participants to establish an early leadership position. Some are also pushing timetables up to levels that frankly seem unrealistic to me, talking about having largely self-driving cars on the road in the hands of the general public by 2020.

Phikamphon, who says he does some IT consulting in his day job, and I had an interesting email exchange about the issue. I stated my perhaps luddite conviction, based on what little knowledge of software engineering I possess, that I doubted whether all the variables involved in an open road environment (opposed, say, to parallel parking) could be reliably solved in the short term. I used the example of driving on I-287 in New Jersey during rush hour; perhaps the neural net of a lucid human brain is best suited to handle the rapid decision-making required. And how comfortable would people be in an environment like that where there was a mix of driver-operated and self-driving cars?

I-287: So many decisions / Creative Commons





Of course, if all cars were fully automated the answer might be different. But the political will to accomplish that, as well as the economic switching costs, would cause massive problems.

I told Phikamphon (something he wss probably well aware of) that in America driving - the right to drive where you want in the way you want - is considered a fundemantal freedom by many, something that would be very hard to pry away.

Perhaps, in parts of California, and metro ares like New York, self-driving cars might be an acceptable alternative to the pain felt by rush hour (often lasting much more than an hour) drivers. One thing operations researchers found was that if you could regulate a system so that all the moving parts going in the same direction were going the same speed, throughput increased dramatically. So a lot more vehicles could be pushed through the Schuylkill during a typical one hour rush hour period. And most bottleneck accidents could be eliminated, at least in theory.

In Europe (and I hesitate to speaak for a continent I've spent so little time in), public works are more organized, and people seem more willing to accept a system for organizing if they believe its in the public's (and their own) best interests. Also, we briefly talked of Asia, which contains at least half the world's population, and is rapidly catching up to the West in automobile ownership. I think China might be the ultimate market where such a system might be needed. India, with its rather chaotic public works history, might be a tougher sell.

But all this discussion is built around the predicate that a universe of fully autonomous vehicles can work, an assumption I still question. And I think too often when we look to a centrally planned solution to a perceived problem (such as electric cars), the results are middling at best, a total failure at worst. And a complete changeover to self-driving cars is not going to happen solely from the bottom up. Many new public regulations, and public works expenditures, are going to be required.



Carnagie-Mellon's Role and Uber's efforts in Pittsburgh


An interesting side issue is the role of Carnegie-Mellon University in championing the development of "autonomous cars",  as they are  sometimes referred to.

Its Robotics Institute has been working on the problem for 31 years, and much of the development being implemented now originated there. Chris Umson, who is featured in the IceBike post, taught and worked in the CMU program until lured away to be lead engineer of Google's program. Umson will remain its technical director while John Krafcik, who previously led Hyundai’s business in the U.S., was hired last month to step into a new CEO role.







Earlier this year, there were reports that Uber had hired as many as 50 researchers out of the Robotics Institute and set them up across the street to kickstart Uber's own program.

I'll leave you with two views of the autonomous car issue, each of which I agree with in part.


"Features of automated self-driving cars will appear incrementally and organically, with vehicles eventually driving themselves. This will make the cars affordable and encourage public adoption," said Raj Rajkumar, a professor of electrical and computer engineering and the co-director of the GM Collaborative Research Lab at Carnegie Mellon. (Rajkumar also holds a courtesy appointment in the Robotics Institute.)

The second is from a recent interview that David Mindell, an MIT professor, did with MIT News. Self-driving cars should not be fully self-driving, he says, based on studies of past experiences with automation in extreme environments. “Google’s utopian autonomy is a more brittle, less functional solution than a rich, human-centered automation." While "it’s reasonable to hope” that technology will help to “reduce the workload” of drivers in incremental ways, he says, total automation is not the logical endpoint of vehicle development.


Updates:
Tesla Releasing Autopilot Software for Model S Cars (Wall Street Journal)

Microsoft looks to stop bike crashes before they happen, testing Minority Report-style predictive intelligence (Geekwire)


Wall Street Journal's billion dollar startup club; no Philly companies, but several with connections here



Tom Paine



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The Wall Street Journal on Thursday published its list of so-called "unicorns", privately held startups that have established reported valuations of $1 billion or greater.

Seventy-three companies made the cut and the number of billion dollar startups has almost doubled over the past year. None were from the Philadelphia area, though I counted several with ties to Philadelphia investors.

Four are in First Round Capital's portfolio: Uber ($41.2 billion), Square ($6 billion), AppNexus ($1.2 billion) and Fab ($1.2 billion). Most of FRC's stakes in these companies are relatively small, though some reports I saw a few month ago when Uber was valued at $17 billion suggested that its stake might worth upwards of $1 billion at the time. Fab, according to founder Jason Goldberg, was never actually valued over $1 billion ($875 million was tops, according to him), although it was widely reported to be. Fab is expected to be sold off soon at a fraction of that value. AppNexus is said to be looking toward an IPO, though the market for adtech IPOs is shaky right now. No one seems quite sure of what to make of Square's prospects at the moment. There has been IPO talk but also speculation that it was seeking buyers.

Also making the billion dollar club is Fanatics, the Jacksonville-based ecommerce retailer of sports apparel ($3.1 billion) that Michael Rubin spun out from GSI Commerce into his Kynetic Group when GSI was acquired by Ebay. It achieved that valuation through a $170 million round led by Alibaba and Temasek Holdings in 2013, and would probably be worth more today. Fanatics still has some staff in King of Prussia. Another GSI Commerce spinout to Kynetic, ShopRunner, reached a $600 million valuation through Alibaba's $200 million investment in 2013, but it has moved its headquarters to Silicon Valley though it still has people here.


Comcast Ventures had three investments in startups valued at $1 billion or more: Houzz ($2.3 billion), Instacart ($2 billion) and DocuSign ($1.6 billion). Sapphire Ventures (the renamed SAP Ventures) is also in DocuSign in addition to Nutanix ($2 billion). Susquehanna Growth Equity (Bala Cynwyd) has a stake in Credit Karma ($1 billion).

Fortune published a similar list last month, and Fortune's Dan Primack points out a few of the contrasts between the two. Fortune's list is really quite different near the bottom, and it includes MediaMath, a New York adtech firm in which Safeguard Scientifics was an early investor.

As for the Philadelphia area, the top three candidates I can think of now are iPipeline, SevOne, and Monetate, but I wouldn't harbor a guess as to how close to billion dollar valuations they could be. Of course, there may be others on the Life Sciences side; for example, CHOP-developed Spark Therapeutics busted past the $1 billion mark after its IPO late last month, though it did not achieve that valuation as a private company. An article in Insurance Journal from November, discussing possible iPipeline IPO plans, cited sources as saying that iPipeline could be valued at $500 million.

Update 3/4: Add Nextdoor to Comcast Ventures' Unicorn list, according to a new round announced today.



Links 12/12/2014: NY State launches $50 million venture fund; Comcast expands hyperlocal EveryBlock service







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CenturyLink bulks up its cloud, buys Cognilytics (ZDNet)
Cognilytics does SAP Hana implementations.

CenturyLink expands high-speed gigabit Internet in Seattle to 20K homes (Geekwire)
CenturyLink advancing on two different fronts.


East Beats West In IT Rivalry, Investors Say (CRN)


Comcast Expands Reach Of Hyper-Local Info Service (Multichannel News)

New Relic’s IPO Spikes 31% In Initial Trading (TechCrunch)

Chinese Tech Giant Baidu to Invest $600 Million in Uber, Says Report (Wired)


The 30 Most Successful UPenn Alumni Of All Time (Business Insider)
Interesting list, although I'm not sure I agree with some selections. One who I didn't realize went to Wharton was John Sculley.

New York State Will Start $50 Million Venture-Capital Fund (Bloomberg)
First Round Capital's Howard Morgan will lead a voluntary advisory committee, and the fund will be managed by Brian Keil, a former managing director of a $250 million venture-capital fund sponsored by NBC Universal and General Electric Capital Corp (before Comcast acquired NBCU).

N.J.'s $118 million canceled social service contract did not protect state's interests, auditor says (NJ.com)

Princeton Scientists 3D Printing LEDs Into Contact Lenses (Medgadget)

Marin County Board OKs $14 Million for Civic Center Computer Program (TechWire)
Replaces scrapped SAP implementation.


Links 12/4/2014: Uber raises at least $1.2 billion at $41 billion valuation; More on Zonoff's round






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SHaaS Provider Zonoff Raises $31.8M; Hires Staples Home Automation Exec (CE Pro)

SAP Completes Acquisition of Concur (PR Newswire)


Comcast publicly doubts its own claim that merger won’t reduce competition (Ars Technica)


Coalition Opposes Comcast-Time Warner Cable Merger (New York Times)

U.S. FCC restarts clock on Comcast-TWC, AT&T-DirecTV mergers (Reuters)

Uber Announces $1.2 Billion Raise to Focus on Asia Pacific (Re/code)

Uber Valued at $40 Billion in $1.2 Billion Equity Funding (Bloomberg)


THE RIDE AHEAD (TRAVIS KALANICK/Uber Blog)


Online lender On Deck to be valued at up to $1.19 bln in IPO (Reuters)
First Round Capital was an early investor, and SAP Ventures (now Sapphire) joined in later rounds.


AWS Unveils Simplified, Flexible Pricing for Cloud Services (Spend Matters)

Veeva Systems Opens New Data Centres in Europe to Support Global Growth (PR Newswire)


SAP has a magic technology to improve enterprise integration (Oleg Shilovitsky/Beyond PLM)

Google Gets Serious About Channel, Launches Partner Program For Enterprise Apps (CRN)


ICD-10 Delay Again? Don't Do It (Information Week)


First Round Capital. first institutional investor in Uber, has yet to comment on controversy


Tom Paine



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Josh Kopelman/ Uber Blog

Josh Kopelman and First Round Capital are in an interesting position relative to Uber, although there might not be much they can do to influence it.

I wrote in June about how First Round Capital came to lead the seed round in Uber, as described by Business Insider. The First Round team knew of the concept of Uber through its association with Garret Camp, co-founder of FRC-backed StumbleUpon who reportedly came up with the idea for it (Camp at last word is Uber's non-executive chairman). FRC became Uber's first institutional investor. Now, by Fortune's assumptions, those seed round stakes of $500,000 may be worth up to $1 billion or more. And there is talk of raising another round at a somewhat higher valuation.

Kopelman is also, personally, an investor in Sarah Lacy's website PandoDaily, as is a partner with another VC firm that's invested in Uber (at least two other VC firms have invested directly in both). Lacy has been in many ways at the center of the conflict with Uber.

The long-simmering, but relatively quiet, controversy about Uber's corporate behavior exploded after BuzzFeed's piece published November 18 alleged that a senior Uber executive, Emil Michael, suggested at a dinner with media present (thought to be off the record) that it might hire opposition researchers to look into reporters' personal lives. That stirred up several other questions about Uber's corporate behavior. Despite CEO Travis Kalanick's tweeted apologies for Michael's comments, a lot of crap is still flying from all sides, as they say.

Some have tried to portray this struggle in political terms, though along confusing lines; some compare Uber users to Republicans, while others compare Uber to a progressive movement against a long-entrenched taxi monopoly trying to halt progress. No doubt a key hire is former Obama campaign manager and top White House aid David Plouffe (I wrote about his hire in August, and pointed out his Delaware roots) as SVP, Policy & Strategy. I don't know how much his fingerprints are on Uber's PR yet, but his aggressive tactics and dependence upon social media influence at the grass roots level as used on the Obama campaigns might be evident here.


Kopelman hasn't commented (and didn't respond to a Philadelphia Business Journal request for comment). Garret Camp hasn't commented. I tried to find out the current makeup of Uber's board but found multiple versions on the web and none on Uber's website; a request for an update to Uber was not answered.

Lacy said on Fox Business Wednesday that she emailed several common investors in Pando and Uber that "said, you know, I need to know frankly for our relationship what the ground rules of journalism are between your firm and Pando. And frankly, for the safety of my family, where do you stand on this alleged proposed plan to spend $1 million discrediting me? And no one’s written back" as of Wednesday.

Kopelman personally made an appearance behind the wheel for UberX in its abortive attempt to start up in Philadelphia in late October, before the PPA crackdown. And he followed up with a string of tweets pointing out some other ridiculous laws on the books in Pennsylvania.

To be sure, FRC is a small minority shareholder in Uber at this point. If its shares were worth $1 billion as of the last valuation, it was out of a total of $18.2 billion post money (after the funds were booked). Fortune's Dan Primack commented in today's TermSheet email that he didn't know how Uber is structured, "but do know that many of Silicon Valley's hotter startups structured their early investment rounds in a manner that precludes actual VC control." (Update: Primack: Don't overstate investor power at Uber. I don't think FRC has a board seat any more, as often happens. I believe Rob Hayes was taken off to make room for a larger investor.

There is a legitimate debate over the degree of regulation required in the Taxi industry, though its over regulated now. I'm not going to draw a conclusion on how Uber has acted, though it does seem in several respects to be boorish and overbearing. Many First Round Capital portfolio companies have pushed it to the brink in the process of creating a new market or service, and have tested the legal system while doing so (think Aereo), but have almost always been above board ethically. But Uber presents a different set of issues, that may or may not be smoothed over, at a critical point in its growth trajectory.

Update 11/25: Uber directors (per Form D filed with SEC 11/13/2014) include Travis Kalanick (CEO), David Bonderman (TPG Capital), Garret Camp, David Drummond (Google), Ryan Graves (Uber Head of Global Operations) and J. William Gurley (Benchmark Capital).


Update 11/26: Bloomberg reports that Uber is seeking to raise another $1 billion at a $40 billion valuation.

Update 11/29: Uber shut down in Nevada, Thailand, awaiting key court decision in France.

Update 12/6: Uber Raises $1.2 Billion At A $41 Billion Valuation, Vows To Become 'Smarter And More Humble' (Business Insider)




Links 11/20/2014: Salesforce off a bit on lower-than-expected guidance; Concur shareholders approve $8.3 billion SAP deal





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Netflix Still Dominates Streaming, but Amazon Is Picking Up Steam (Re/code)

Comcast says it’ll stop wasting your time, offers technician tracking tool (Ars Technica)


Wall Street cool on Salesforce.com numbers despite 29% YoY growth (Diginomica)

Salesforce’s Benioff: The Wave analytics cloud’s market potential is ‘far beyond’ $1B (VentureBeat)

NGO Connect and the New Nonprofit Technology Revolution (Salesforce Foundation)
Explains Salesforce Foundation's investment in Villanova-based RoundCorner and NGO Connect.

Concur Beats Its Financial Expectations For Its 2014 Fiscal Year (Business Travel News)
Meanwhile, Concur shareholders approve $8.3 billion acquisition by SAP.

SAP talks up Hana but small companies slow to sign on (PC World)



Uber’s Massive Fundraising Campaign Forges Ahead Amid Controversy (Wall Street Journal: Digits)

Amazon to Lease Entire Manhattan Building, Hinting at Retail Ambitions (WSJ: Digits)


Unisys Selected to Provide Cloud Infrastructure Solutions to Help Consumer Financial Protection Bureau Protect U.S. Citizens from Financial Crime
(PR Newswire)

Comcast Takes Ethernet Everywhere (Light Reading)

Web Video Channel Guide PlutoTV Raises $13 Million (Re/code)


Links 10/30/2014: LiquidHub acquires digital marketing agency Foundry9; Uber urges Philly to follow DC model





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SAP's Bill McDermott provides a CEO's plan to defy disruption (Fortune)

Forrester Shows Little Love for SAP, Marketo in Marketing Wave (CMS Wire)

Concur CEO says SAP acquisition is a ‘big bet’ that will accelerate company growth (GeekWire)
How many times have you heard this before an acquisition?
"Singh said that the tie-up between SAP and Concur won’t be a typical acquisition deal. He emphatically stressed that his company won’t disappear as a result of the acquisition closing. Instead, Concur’s partnership with SAP will provide tools and funding to expand the business."

Security Is Focus in SAP's Government Cloud Portfolio (CIO Today)


LiquidHub Acquires Digital Marketing Agency Foundry9
(Business Wire)


Uber exec Plouffe urges Philadelphia to model D.C.'s laws (Philadelphia Inquirer)

Time Warner Cable Misses Estimates on Drop in TV Users (Bloomberg)

Arris Beats The Street In Q3 (Multichannel News)
Arris acquired the Horsham-based business formerly known as Motorola Home from Google last year.

Study: Comcast and Verizon connections to Cogent dropped below 0.5Mbps (Ars Technica)


Verizon Ventures Seeks To Double Portfolio And Investment Capital (TechCrunch)

Execs From Apple Pay Competitor Finally Speak, but Big Questions Remain (Re/code)


Merger reflects growth in retail-store data analytics (Crain's New York)
First Round Capital-backed NOMi (New York) merges with Brickstream.

Blackstone’s Tac-Ops Adds Philadelphia Insurer in Blitzer’s Bet (Bloomberg)

ChargeItSpot: The Next Indispensable Retail Service? (Wharton Entrepreneurship Blog)