Beyond IoT: Building Decentralized, Intelligent Infrastructure


This post is by mattturck from Matt Turck


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As I wrote recently, the Internet of Things (IoT) has been experiencing, at a minimum, some serious growing pains.  This is particularly true for consumer IoT where a lot of old issues (interoperability) remain, while others (security) are becoming more concerning.  With a few bright exceptions, many consumer IoT products solve first-world problems, often representing … Continue reading Beyond IoT: Building Decentralized, Intelligent Infrastructure

What Can You Learn From Ring’s Astounding Success?


This post is by Mark Suster from Both Sides of the Table - Medium


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Many people will write the history on why Ring became an enormously successful company and why it became a real-world unicorn in a world when many startups are anointed that merely on paper. Since I had a ringside seat to the company before it really existed all the way through the end I thought I’d offer my version and what I think it means for our future.

If you don’t know, Ring offers home security products that started with a video doorbell, then video floodlights, outdoor stickup cams and now in-home security features that innovate in-home security alongside outside protection. It is an LA-based company that was recently acquired by Amazon, which you can read more about in this incredibly well-researched article.

But why did Ring succeed when the entire market kept saying that Nest was going to be the winner? Why did Ring become an enormous success when it produced a hardware product and the market keeps saying, “hardware is too difficult to scale?”

Here are my views …

1. Founder, Founder, Founder

At Upfront we talk regularly about how 70% of our investment decision in Seed and A rounds is the quality of the entrepreneur and 30% is the quality of the idea. Of course we have to believe that there is a viable market, a differentiated product offering and a chance to build something defensible but if you do those basics right you still get crushed without an amazingly talented founder.

The minute your company reaches its peak acceleration in terms of growth is when all of the sleeping giants wake up to compete with you and will spend massive amounts of money to keep you from capturing a growth market and other talented entrepreneurs will raise large amounts of venture capital as people start to see value in the market.

Jamie Siminoff is not only one of the single best true entrepreneurs in Los Angeles, he’s amongst the best we’ve worked with in the country. We first met Jamie when had had a startup called Simulscribe, which transcribed voicemail so you could read your messages rather than listen to them. It was a novel concept well before the major players did this for you. He launched a business called Unsubscribe, which helped consumers deal with the deluge of email lists that one gets signed up to and get rid of them all. Throughout all of this we saw a tinkerer, a problem solver and a completely obsessed leader who was competitive and wanted to win.

When Jamie told us he was going to build “Doorbot” (the name prior to Ring) and he explained to us that it was a video security doorbell sold at mass-market prices to bring security to homes that

Continue reading “What Can You Learn From Ring’s Astounding Success?”

Growing Pains: The 2018 Internet of Things Landscape


This post is by mattturck from Matt Turck


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For proponents of the Internet of Things, the last 12-18 months have been often frustrating. The Internet of Things (IoT) was supposed to be huge by now.  Instead, the industry news has been dominated by a string of startup failures, as well as alarming security issues.  Cisco estimated in a (controversial) study that almost 75% … Continue reading Growing Pains: The 2018 Internet of Things Landscape

Growing Pains: The 2018 Internet of Things Landscape


This post is by mattturck from Matt Turck


Click here to view on the original site: Original Post




  For proponents of the Internet of Things, the last 12-18 months have been often frustrating. The Internet of Things (IoT) was supposed to be huge by now.  Instead, the industry news has been dominated by a string of startup failures, as well as alarming security issues.  Cisco estimated in a (controversial) study that almost … Continue reading Growing Pains: The 2018 Internet of Things Landscape

My Talk at MIT: Beyond Finance, Considering Business and Social Impact of Blockchains


This post is by jlk from The Barefoot VC


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A couple of weeks ago I spoke at a conference entitled “Business of Blockchains” that the MIT Technology Review and MIT Media Lab organized in Cambridge.

One of the reasons I started investing in the blockchain space 4 years ago was the rush I got learning about the tech at my first bitcoin conference – akin to the chills I got when I first logged into the Internet in 1994, when I was deeply passionate about more equal access to education. There were some debates at the MIT conference on where we were in blockchain development vs the internet (is it 1960’s or 1990’s?). I’m not sure that this is the right way to frame it. Successful investors know when to draw inferences – but are also aware of conditions that create new opportunities. Pattern recognition is straightforward and linear– the way to recognize and invest in disruption is Continue reading “My Talk at MIT: Beyond Finance, Considering Business and Social Impact of Blockchains”

As connected hardware matures, investors pour more funding into fewer companies


This post is by Steve Myers from Venture Capital – TechCrunch


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USA, New Jersey, Jersey City, Close up of woman's hand putting money into jar The connected hardware space has undoubtedly gone through a renaissance over the last four years, with VCs nearly tripling their funding between 2012 and 2016. We gleaned some new data from Pitchbook around venture funding in IoT to get a quantitative understanding of whether investment in the space is continuing to grow or flattening out. Here’s what we learned. Read More

Edge Computing: the end of cloud computing as we know it


This post is by Bilal Zuberi from BZ Notes - Medium


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Just watched a great overview of Edge Computing by Peter Levine of A16Z. He is absolutely right, this is the future of computing. And all of us investing in deeptech today can attest that this massive shift in computing paradigm is happening as we speak.

Many of our portfolio companies at Lux are both enabling edge computing, and also benefitting from it. And it happening across all sorts of industries, from traditional IT and mobile computing, to consumer tech, commercial & industrial verticals, and even government/military.

These are some of the key elements of an edge-cloud computing system.

  • Distributed and ubiquitous sensing — low cost sensors that are also low power hungry and internet-connected via proprietary or open protocols.
  • Cheap (and usually solid state) data storage
  • Local processing + real-time compute, utilizing latest advances in ML and AI.

This shift to edge computing is easily observed in emerging platforms like autonomous

Continue reading “Edge Computing: the end of cloud computing as we know it”

Investing in Frontier Tech


This post is by mattturck from Matt Turck


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  Over the last few months, the usual debate around unicorns and bubbles seems to have been put on hold a bit, as fears of a major crash have thankfully not materialized, at least for now. Instead another discussion has emerged, one that’s actually probably more fundamental. What’s next in tech? Which areas will produce … Continue reading Investing in Frontier Tech

Proxy raises $1.6 million to kill the card key, and make the internet of things more accessible


This post is by Lora Kolodny from Venture Capital – TechCrunch


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Proxy's app could make card keys obsolete. A startup called Proxy has raised $1.6 million in seed funding to help people use internet-enabled devices of every kind without all the annoying login processes and standalone apps for each separate device. Proxy’s cofounders Denis Mars and Simon Ratner said they were inspired to create their technoloy, in part, by the overwhelming number of IoT devices seen in recent years at… Read More

How The Blockchain Can Unshackle Us


This post is by jlk from The Barefoot VC


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Once every 20 years or so, new technology comes to market that has the potential to change how we communicate, how we do business, and pushes the boundaries of everything we thought was possible. In the 1970’s it was the personal computer; in the mid-1990’s, the commercial Internet.

We are now in the early stages of another major technological development called the blockchain. The “blockchain” is a distributed consensus system that allows transactions, or other data, to be securely stored and verified without any centralized authority. All transactions are part of a chain, verified in blocks via different nodes in the network (hence…the blockchain) – through mathematical algorithms which ensure that transactions cannot be tampered with once they are recorded. The transactions are stored on a global ledger (which is why the concept is often referred to as a distributed ledger). While banks are currently testing out the technology for Continue reading “How The Blockchain Can Unshackle Us”

How The Blockchain Can Unshackle Us


This post is by jlk from The Barefoot VC


Click here to view on the original site: Original Post




Once every 20 years or so, new technology comes to market that has the potential to change how we communicate, how we do business, and pushes the boundaries of everything we thought was possible. In the 1970’s it was the personal computer; in the mid-1990’s, the commercial Internet.

We are now in the early stages of another major technological development called the blockchain. The “blockchain” is a distributed consensus system that allows transactions, or other data, to be securely stored and verified without any centralized authority. All transactions are part of a chain, verified in blocks via different nodes in the network (hence…the blockchain) – through mathematical algorithms which ensure that transactions cannot be tampered with once they are recorded. The transactions are stored on a global ledger (which is why the concept is often referred to as a distributed ledger). While banks are currently testing out the technology for Continue reading “How The Blockchain Can Unshackle Us”

IOT startup Notion draws $3.2 million in additional funding


This post is by John Mannes from Venture Capital – TechCrunch


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Notion Sensor Notion, a connected home startup headquartered in Denver, closed 3.2 million in additional funding as part of the second tranche of a previous seed round from last year. XL Innovation led the deal with Liberty Mutual Strategic Ventures participating. Notion has now raised a total of 5.7 million dollars in addition to a successful Kickstarter. The company currently has 11 employees and has plans… Read More