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Thursday, March 12, 2020

5G devices were less than 1% of US smartphone purchases in 2019

{rss:content:encoded} 5G devices were less than 1% of US smartphone purchases in 2019 https://ift.tt/2vhx4gJ https://ift.tt/2QaD16i March 12, 2020 at 10:49PM

No surprise, really, that 5G smartphone sales are on the way up. Frankly, there’s really no other way to go, according to the latest numbers from NPD’s Mobile Phone Tracking. The firm noted that 5G handsets accounted for less than 1% of total sales in the U.S.

The hurdles are also what you’d expect: namely, pricing and the lack of 5G availability. There’s also the fact that for much of 2019, there simply weren’t that many phones to purchase. When the devices did start arriving from companies like LG, Samsung and OnePlus, the numbers started trending upward, with an increase of roughly 9x from the first to the second half of the year.

Awareness, too, increased notably. Some nine in 10 surveyed consumers in the U.S. had some familiarity with 5G in the second half of the year, up from 73% in the first half. Meanwhile, 65% expressed “interest” in purchasing the tech. How that translates to actual sales, however, is another question entirely.

That should improve as the price of manufacturing these devices comes down, thanks to lower-cost components from companies like Qualcomm. And in markets like the U.S., 5G coverage will be greatly expanded by year’s end, making it a much more appealing purchase. And, of course, never underestimate the impact of Apple’s first 5G iPhone.

Smartphone manufacturers have very much been banking on the increased interest in 5G to help correct the larger trend of flagging sales.

Of course, it remains to be seen how COVID-19 will impact sales. It seems safe to assume that, like every aspect of our lives, there will be a notable impact on the number of people buying expensive smartphones. Certainly things like smartphone purchases tend to lessen in importance in the face of something like a global pandemic.

Heartbeat Health raises $8.2M to improve cardiovascular care

While you’ve probably spent a lot of today thinking about the COVID-19 pandemic, it’s worth remembering that other health issues aren’t going away — and that heart disease remains the leading cause of death in the United States.

Heartbeat Health is a startup working to improve the way that cardiovascular care is delivered, and it announced today that it has raised $8.2 million in Series A funding.

Dr. Jeffrey Wessler, the startup’s co-founder and CEO, is a cardiologist himself, and he told me that he “stepped off the academic cardiology path” about three years ago because he “saw some of the work being done in digital health space and became incredibly enamored of doing this for heart health.”

Wessler said that the delivery methods for cardiovascular care remain largely unchanged. To a large extent because that’s because the existing model works, but there’s still room to do better.

“As of the last seven or so years, we’re in a new era where we’ve figured out how to treat people well once they get sick,” he said. “But we’re doing a very bad job of keeping them healthy.”

To address that, Heartbeat Health has created what Wessler described as a “digital first” layer, allowing patients to talk with experts via telemedicine, who can then direct them to the appropriate provider — who might be a “preferred Heartbeat partner” or not — for in-person care.

This initial interaction can help patients avoid “a lot of inefficiencies,” he said, because it ensures they don’t get sent to the wrong place, and “kick[s] things off right with evidence-based, guideline-based testing, so that they’re not just falling into the individual practice habits of random doctors.”

In addition, Heartbeat Health tries to collect all the relevant heart data (which might come from wearable consumer devices like an Apple Watch or Fitbit) in one place, and to track results about which treatments are most effective.

“Ultimately, we want to be the software, the technology powering it all, but we don’t want to leave any patient behind at the beginning,” Wessler said.

He added that the program works with most commercial insurance and is already involved in the care of 10,000 New York-area patients. And apparently it’s been embraced by the cardiologists, who Wessler said always tell him, “We’ve been waiting for that layer to come in and unify this incredibly fragmented system, as long as it works with us and not against us.”

The funding was led by .406 Ventures and Optum Ventures, with participation from Kindred Ventures, Lerer Hippeau, Designer Fund and Max Ventures.



https://ift.tt/eA8V8J Heartbeat Health raises $8.2M to improve cardiovascular care https://ift.tt/39MIcRB

Verizon increases network infrastructure investment by $500M

{rss:content:encoded} Verizon increases network infrastructure investment by $500M https://ift.tt/2IGkieH https://ift.tt/2IGzWa7 March 12, 2020 at 10:34PM

Verizon said Thursday it will boost investment in network infrastructure, increasing its capital guidance by $500 million, to prepare for the rise in telecommuting and online learning amid the coronavirus outbreak.

Verizon has not seen any measurable increases in data usage even as some business, schools and other organizations are asking its employees to work remotely, Chairman and CEO Hans Vestberg told CNBC in an interview. He added that the company is monitoring it 24/7 because “patterns can change.” (TechCrunch is owned by Verizon.)

Still, the company is increasing its capital guidance from $17 billion to $18 billion to $17.5 billion to $18.5 billion in 2020. Vestberg said the company would continue to add to its network infrastructure. Verizon said in a statement that the effort aims to accelerate the company’s transition to 5G and help support the economy during this period of disruption.

“In these times, it’s important to show the market and the country that there are people investing as well,” he added in the CNBC interview.

Verizon said in a statement that it has been closely monitoring network usage in the most impacted areas and will work with and prioritize network demand to assist needs of U.S. hospitals, first responders and government agencies.

The decision follows an escalating global crisis caused by COVID-19, the coronavirus strain that was declared a pandemic by the World Health Organization earlier this week. COVID-19 has wreaked havoc on the stock market, pushing shares lower in every industry, and caused numerous closures, including the professional sports games, the cancellation of the NCAA March Madness basketball tournament and Disneyland. Shares of Verizon closed down 3.65% to $51.20.

New Twitter client Brizzly+ lets you ‘edit’ and auto-delete your tweets

Brizzly, the name associated with a long-gone Twitter client, and later, a goofy project highlighting our addiction to social media, is coming back. And this time, it’s focused on serving the needs of Twitter power users in search of features Twitter itself has failed to build — like an Edit button and an auto-deletion option for tweets, among other things.

These features and more are a part of a new subscription service, Brizzly+, which offers a robust toolset built on the Twitter API.

Brizzly+ offers a simple Twitter client that shows your home timeline and allows you to like and post tweets.

But the most in-demand feature is Brizzly’s version of an Edit button for tweets.

Twitter, for whatever reason — complexity, confusion, or just not caring — has consistently refused to build an Edit button, despite the feature being a top request among Twitter users who want to correct typos in their tweets. That left third-party Twitter apps to step in to meet users’ needs. In the third-party Twitterific app, for example, the company worked around the problem by adding a “Delete and Edit Tweet” action that would let you correct a tweet by replacing it with a new one.

Brizzly+ handles the edit tweet feature a bit differently, however. According to Brizzly founder Jason Shellen, former Head of Product at Slack, the Brizzly+ ‘Undo’ feature involves the client briefly storing your tweets before posting them. This allows you to go back and make corrections as needed before they go live. You can even configure how long of a delay you need, which can be anywhere between 10 seconds and 10 minutes.

Another feature called “Redo Tweet” will help you to fix your typoed tweets after they’ve gone live. This works more like Twitterific, as it deletes the old tweet and replaces it with a new one. But Brizzly+ helpfully copies the post into a new field, allowing you to make the changes quickly.

Auto-deleting tweets has become a more in-demand request among Twitter users in recent years. In part, this is because things posted online years ago on the then much smaller social network today may come across as too personal, too oversharing or just embarrassing. But some high-profile Twitter users have also been targeted by critics who dug up old tweets to shame them. One of the more notable examples was the 2018 firing of director James Gunn from the “Guardians of the Galaxy” franchise after Twitter users pulled up a series of past, offensive tweets. Gunn was later reinstated but the campaign to take him down raised awareness of how older tweets could be problematic.

A number of services are available today that focus on mass-deletion or auto-deletion or bot. Some even have hundreds of thousands or even millions of users, according to a 2019 story by The New York Times.

With Brizzly+, Twitter users can opt to instead just have their tweets automatically erase themselves after 24 hours. Once enabled, the feature turns Twitter posts into ephemeral instead of permanent content. That’s similar to something Twitter itself is now testing with its Stories-like feature, called “Fleets.” But Fleets are a part of a separate product, so they don’t really address users’ concerns over their tweeted content.

There’s also a handy addition to the Brizzly+ auto-delete feature called “Fave to Save.” This allows you to set a threshold of likes for your tweets in order to prevent them from being auto-deleted. The option may make sense for people who are less concerned with their tweets’ content, but want to seem more popular on Twitter by highlighting their best content when you visit their profile.

Finally, for a little fun, Brizzly+ lets you replace Twitter’s “What’s happening?” prompt in the edit window with a custom phrase of your own choosing.

Brizzly’s founder Jason Shellen has worked on a number of top social and communication apps over the years, most recently, Slack. Earlier in his career, he worked at Pyra Labs, maker of Blogger, which sold to Google in 2003. At Google, he continued to work on Blogger, created Google Reader, and helped Google acquire companies like Feedburner, Picasa, and Measure Map. After Google, Shellen sold his startup Thing Labs, maker of Brizzly, to AOL in 2010 where he stayed to work on AIM and messaging. His next startup, Hike Labs, sold to Pinterest.

Shellen bought back Brizzly from AOL/Oath (Oath became Verizon Media, which also owns TechCrunch). In 2018, he relaunched it for a joke before developing Brizzly+. That original post-to-nowhere version of Brizzly remains, but is now called Brizzly Zero.

The new Brizzly+ subscription service costs $6 per month which reduces to $5 per month, when billed annually. It’s also offering a two-week free trial.

For now, Brizzly+ is only a web client, but the company lists a native iOS app among the ideas it’s planning to work on next, along with image upload, dark mode, tweet history deletion, and others.

Twitter has had a contentious history with third-party clients, even actively trying to shut them down at times But interestingly, Twitter has been expressing support for Brizzly+.

“We love to see developers building things that improve on a core piece of Twitter — like Tweet compose. They’re helping people do things that weren’t otherwise possible,” said Ian Cairns, Head of Product for Twitter’s Developer Platform, in a statement shared with TechCrunch. “This was one of the best parts of the Twitter API in the early days, and we know we haven’t always made it easy. We’re starting to change that,” he added.



from Social – TechCrunch https://ift.tt/2QaeOgC New Twitter client Brizzly+ lets you ‘edit’ and auto-delete your tweets Sarah Perez https://ift.tt/39GSFhv
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Senate bill seeks to ban Chinese app TikTok from government work phones

On Thursday, Sen. Josh Hawley (R-MO) and Rick Scott (R-FL) introduced legislation to further restrict the use of the popular viral video app TikTok on government devices.

The bill seeks to expand existing federal guidance prohibiting use of TikTok to encompass any U.S. government-issued device. The legislation is the most recent effort by U.S. lawmakers to limit Chinese-built tech software, devices and components for fear that those products have the potential to be leveraged by the Chinese government.

While other Asia-based social apps have struggled to gain a global foothold, TikTok quickly amassed more than a billion users worldwide and became a household name alongside American social media stalwarts like Facebook and YouTube. The app is owned by Beijing-based tech startup ByteDance.

Growth does appear to be slowing for ByteDance, but the app’s ubiquity raises alarms among China hawks like Hawley, who warns that the app could be compelled to share data with the Chinese government. In a release with the bill’s text, Sen. Scott called TikTok a “risk to our networks and a threat to our national security.”

“As many of our federal agencies have already recognized, TikTok is a major security risk to the United States, and it has no place on government devices,” Hawley said.

The bill comes as the Trump administration prepares a draft order that would ban federal agencies from buying foreign-made drones, another effort to curtail Chinese technology in the United States.



from Social – TechCrunch https://ift.tt/eA8V8J Senate bill seeks to ban Chinese app TikTok from government work phones Taylor Hatmaker https://ift.tt/2wOMMQM
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Revolut lets you purchase gold

Fintech startup Revolut has introduced a new trading feature for premium users. Starting today, Premium and Metal users can access gold exposure from the app.

Revolut works with a gold services partner (London Bullion Market Association) so that money that you spend on gold exposure is backed by real gold held by this partner. In other words, you’re not going to receive gold coins in the mail. You can just invest money based on the price of gold.

The startup has been building a financial hub and already lets you purchase cryptocurrencies and buy public shares. Gold is part of a new feature called Commodities.

There are multiple ways to invest in gold. You can purchase gold exposure directly at market price, set a limit price to auto-exchange gold when it reaches a certain price or get cashback in gold for Metal customers.

At any time, you can convert your gold investment back into fiat currencies or cryptocurrencies. If you spend money with your Revolut card and you only have gold, Revolut will use your gold exposure automatically. You can also transfer gold exposure to another Revolut user.

According to the company’s website, Revolut charges a 0.25% markup when you trade gold during the week and a 1% markup from Saturday at midnight to Monday at midnight U.K. time.

It’s worth noting that gold isn’t protected through the Financial Services Compensation Scheme in the U.K. “However, in the unlikely event of Revolut’s insolvency, all Precious Metals holdings will be sold and proceeds will be credited to your e-money account,” Revolut says. You’ll have to trust their word.



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The 7 deadly sins of startups

Pride. Greed. Lust. Envy. Gluttony. Wrath. Sloth.

You’ve probably heard of the Seven Deadly Sins, but I bet you’ve never wondered how they apply to starting a company. The answer: surprisingly well!

Over the years, I’ve talked about the seven habits every company should try to avoid and the seven (non-biblical) virtues each company should strive for. Done right, they will help founders focus, save time and avoid some common — and painful — mistakes.

For the purpose of this post, I’ve paired each sin with its closest corresponding virtue.

Sin No. 1: Lust (don’t focus on what other companies have)

As a founder, you have to pay attention to your competitors. Just don’t let that attention turn into lust for what they have — whether it’s a flashy marketing campaign, a fancy office or a killer staff.

Executive lust: Lusting after leadership can be especially tempting. So your competitor hired a rockstar executive who seems to be doing all the right things. It’s easy to think you need your own COO, or CRO, or CCO right now — and they need to be just like the person filling that role at the other successful company that looks nothing like yours.

Think carefully about what you need, why and what role that person will play day in and day out. What strengths and weaknesses do they have? What gaps do you need to fill? And what matters most to your customers and your business? It’s also important to think about your stage and your go-to-market model. When it comes to personnel, one size never fits all.



https://ift.tt/eA8V8J The 7 deadly sins of startups https://ift.tt/3cSUZE9

YC-backed Giveaway is a peer-to-peer marketplace that uses virtual currency

YC-backed Giveaway lets folks give away their unused or unnecessary items in a marketplace. Unlike other buy/sell or donation platforms, Giveaway uses a virtual currency on the platform to reward people for listing their products for free on the app.

Users earn Karma coins each time they list an item on the website. Folks can then use that Karma to claim items listed on the app.

The first person to try to claim an item offers zero Karma for the item. From there, a countdown begins, allowing others to offer more Karma for the item until the clock runs out. The user who offered the most Karma gets to claim the item. They are then connected to the giver via the app and can set a time and place to meet for the transaction. The person who claimed the item can inspect it and then approve the transaction, triggering the exchange of Karma coin.

Users can also rate and review each other on the platform for the quality of their items.

The app promotes giving items away to earn Karma but does offer a flow for purchasing the virtual currency. One Karma coin is equal to about $.30.

Giveaway was founded by Artem Artemiuk, Siarhei Lepchankou, and Siarhei Stasilovich. The idea came to them when traveling in Austria and coming across a store that allowed customers to choose one item for free.

After building the platform, the trio launched the app in their home market of Belarus and saw strong early growth. Since, Giveaway has expanded to Russia, Ukraine, Kazakhstan, and now the United States.

Artemiuk, Giveaway CEO, said that the company is laser focused on pre-moderation, which uses a combination of machine learning and human input to ensure that inappropriate items don’t make it on the platform, including drugs, tobacco, alcohol, and weapons.

In terms of business model, Giveaway takes a percentage of all Karma coins purchased on the platform, which account for about 30 percent of all Karma. Giveaway also sees the opportunity to generate revenue through an enterprise product within the app, allowing big corporations to opt for Giveaway over sometimes costly recycling options, and pay for the opportunity to do so.

Giveaway has raised $150K from Y Combinator and will present at the accelerator’s upcoming demo day.



https://ift.tt/eA8V8J YC-backed Giveaway is a peer-to-peer marketplace that uses virtual currency https://ift.tt/3cRRBJv

Deep North raises $25.7M for AI that uses CCTV to build retail analytics

Amazon and others have raised awareness of how the in-store shopping experience can be sped up (and into the future) using computer vision to let a person pay for and take away items without ever interacting with a cashier, human or otherwise. Today, a startup is announcing funding for its own take on how to use AI-based video detection get more insights out of the retail experience. Deep North, which has built an analytics platform that builds insights for retailers based on the the videos from the CCTV and other cameras that those retailers already use, is today announcing that it has raised $25.7 million in funding, a Series A round that it plans to use to continue expanding its platform.

Deep North’s AI currently measures such parameters as daily entries and exits; occupancy; queue times; conversions and heat maps — a list and product roadmap that it’s planning to continue growing with this latest investment. It says that using cameras to build its insights is more accurate and scalable than current solutions that include devices like beacons, RFID tags, mobile networks, smartphone tracking and shopping data. A typical installation takes a weekend to do.

The funding is being led by London VC Celeres Investments (backer of self-driving startup Phantom AI, among others), with participation also from Engage, AI List Capital and others. The startup is not disclosing its valuation, and previously Deep North has not disclosed how much it has raised.

Previously known as VMAXX, the Bay Area-based startup, according to CEO and co-founder Rohan Sanil, currently is in use by customers in the US and Europe. It does not disclose customer names, but Sanil said the list includes shopping centers, retailers, commercial real estate businesses and transportation hubs.

There are a number of retail analytics plays on the market today, but up to now the vast majority of them have been based on using other kinds of  non-visual (and non-video) data to build their pictures of how a business is working, including logs of sales, card payments, in-store beacons, in-store WiFi and smartphone usage.

This list is, indeed, extensive and already provides a startling amount of data on the average shopper, but it has its drawbacks. Some people don’t use in-store WiFi; beacons are not as ubiquitous as CCTV; certain shopping data is a false positive, in the sense that if you don’t buy anything, it’s harder to track why not and where everything went wrong in getting you to shop; and perhaps most importantly you can’t see how shoppers are behaving, where they are looking and walking.

“The data collected [by these other means] is only 30-60% accurate and then extrapolated,” Sanil notes in a blog post. And that is not the only challenge. “The other is the enormous cost of the technology along with the software – which requires a team of programmers to get anything beyond stock analysis – plus being locked into a single vendor.”

Video systems “make a lot more sense,” he adds, and so does using those that are already installed in retailers’ locations. “The customers we see have no interest in deploying and paying for additional infrastructure, when the average store has several cameras already, and a typical big box store has dozens. Making our vision work means quantifying what a camera can see – and seeing through the cameras already in use.” The company typically integrates with 60-70% of a company’s installed cameras to run its analytics.

It’s that differentiation that has attracted investors. “Deep North’s platform allows retailers to gain real time insights on data points that were previously unattainable in the physical world. By leveraging existing video footage to understand activity and behavior, operators can now make informed decisions with the help of their prescriptive analytics engine,” said Azhaan Merchant of Celeres Investments, in a statement.

CCTV has had a problematic profile in the world of data privacy, where people pinpoint it as enemy number one in our rapidly expanding surveillance economy, and have ironically pointed out that it rarely is fit for the purpose it was originally set out to serve, which is deterring and identifying shoplifters. It’s notable to me that Deep North doesn’t actually ever use the term CCTV. (“Customers use a variety of terms for their cameras including CCTV, camera networks and loss prevention cameras so we’ve chosen to use a broader term that encompasses them,” a spokesperson said.)

Whatever you choose to call them, if a retailer has already made the leap into having these cameras installed, using them for analytics gives that business another way of getting a better return on investment. Sanil says that in any case, its platform is respectful of privacy.

“Deep North is not able to ascertain the identity of any individual captured via in-store footage,” he said. “We have no capability to link the metadata to any single individual. Further, Deep North does not capture personally identifiable information (PII) and was developed to govern and preserve the integrity of each and every individual by the highest possible standards of anonymization. Deep North does not retain any PII whatsoever, and only stores derived metadata that produces metrics such as number of entries, number of exits, etc. Deep North strives to stay compliant with all existing privacy policies including GDPR and the California Consumer Privacy Act.” (It has operations in Europe where it would need to comply with GDPR.)

Still, Deep North’s combination of computer vision with retail technology is a signal of a bigger trend. Many providers of security cameras have started to incorporate retail analytics into their wider offerings, and those that are concentrating on check out, like Amazon but also startups like Trigo, are likely also to consider this area too. Longer term, as retailers, but also their IT providers, look to get more intelligence about how their businesses are working in a bid for better margins, we’re likely to see even more players in this space.

For Deep North, that might mean also expanding into a wider set of products that not only are able to generate insights into how people shop, but then to use to those to build recommendations into how stores are laid out, or prompts to shoppers for what they might consider next as they browse.



https://ift.tt/eA8V8J Deep North raises $25.7M for AI that uses CCTV to build retail analytics https://ift.tt/2Q9J5fw

Uber and Lyft plunge, erasing recent gains after promising profits

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.

A few weeks ago, Uber and Lyft, kicking bags of the 2019 stock market and regularly cited as examples of venture-backed excess, were back to fighting form.

After encouraging Q3 2019 reports from both ride-hailing giants that included fresh profitability promises and timelines, Uber upped the ante by moving its profitability goal up when it reported Q4 results earlier this year. Shares of the famous company rallied. When Lyft failed to mimic the declaration in its own Q4 earnings report, it was dinged by investors. But from the time of their Q3 2019 earnings reports to recently, Uber and Lyft were coming back up for air.

Suddenly, it was perfectly reasonable to be optimistic about the two ride-hailing companies that had become more famous for their sticky losses than their growth potential; as the pair had matured from upstart to public company, their money-losing methods appeared increasingly permanent, making the Q3 2019 and Q4 2019 profit declarations investor balm.

But after the rally came the novel coronavirus and COVID-19. Since then, the two companies have lost huge amounts of ground. Their shares fell 9.8% (Uber) and 11.8% (Lyft) yesterday alone. In pre-market trading this morning, they are down even more. I wanted to get my head around what could be causing this, so let’s run through each company’s most recent profit forecasts, results, share price gains and losses, and what investors are telling the world through their recent selloff. (Hint: DoorDash’s IPO probably isn’t happening soon.)



https://ift.tt/eA8V8J Uber and Lyft plunge, erasing recent gains after promising profits https://ift.tt/3aNoPYF

YC-backed Legionfarm lets competitive gamers pay to play with pro coaches

Legionfarm, a YC-backed company, is looking to bring coaches to the competitive gaming world. Esports teams at the very top often have coaches, but the rest of the massive competitive gaming scene has to find a way to improve on their own, either via sheer time played or with creative new training platforms.

There is a huge demand for skilled teammates that can help you hone your skills, while at the same time, there is a broad community of near-pro gamers who haven’t landed a spot on an esports team and want to earn a living with their skills.

Legionfarm is a platform built to solve both problems.

The company was founded by Alex Belyankin, who is a former pro gamer and was once in the top .01 percent of World of Warcraft players.

Competitive gamers can sign up to become a coach on the platform, going through a process that looks at their stats within a particular title. Less than the top 0.1 percent are accepted as coaches and told how to manage sessions, including asking the customer’s goal at the beginning of the session.

On the other side, gamers can pay to play with one (or two) of these coaches in hour-long increments. Legionfarm allows users to specify if they want to play with two coaches, one coach and a friend, or one coach and another customer.

Users can also determine what kind of lobby they want to enter, such as a public or a ranked lobby.

[gallery ids="1957951,1957952"]

Here’s how it works.

When a user buys a session on the website, they are given instructions to join a Discord bot, which puts them in game chat with the coaches and asks for their gamertag for that specific title. The coaches then invite the customer to a lobby, and fire up the match.

To be clear, Legionfarm coaches are not coming from the same pool of streamers and pro gamers we’ve come to know and cheer on in the esports world. Rather, Legionfarm seeks out the very best and most skilled amateur players based on the publisher’s rankings and stats to become coaches. These are people who otherwise aren’t making money via Twitch or a salary via an esports organization, but are still in the top 0.1 percent of gamers by skill.

In other words, Legionfarm is creating pro gamers, rather than hiring them.

The average cost of a session is $16/hour, with Legionfarm taking half of the revenue and the rest going to the coach.

Legionfarm currently offers nine titles to choose from, including Apex Legends, Fortnite, CoD: Modern Warfare 2019, League of Legends, and Destiny 2. The company has run more than 300,000 gaming sessions with its 7,000 coaches.

Legionfarm is currently available via the web and through a Facebook Messenger bot, with plans to launch an app soon. Founder and CEO Alex Belyankin also teased new functionality that would allow Twitch viewers to request a session with the streamer directly from the chat.

Legionfarm has raised a total of $1.7 million from TMT Investments and Y Combinator, and will present at Y Combinator’s upcoming demo day.



https://ift.tt/eA8V8J YC-backed Legionfarm lets competitive gamers pay to play with pro coaches https://ift.tt/2vkf4lU

Men’s at-home health startup Vault takes in $30 million from Tiger Global

Vault, an at-home healthcare practice specializing men’s medicine has announced the raise of $30 million in funding from Tiger Capital Group, Declaration Capital and Redesign Health to reach more potential patients and expand to more areas beyond New York, Florida, Tennessee and Texas, where it currently offers treatments.

Founder and CEO Jason Feldman, who formerly headed Amazon’s Prime Video Direct and Global Innovation teams before launching Vault last summer, told TechCrunch his startup aims to bring specialized medicine into men’s homes to give them “a better body, better sex and a better brain.”

He tells TechCrunch he started the company after noticing how many of his male friends seemed embarrassed about medical conditions or simply didn’t know they could do something about it.

Vault operates on the assumption men face certain barriers to going to the doctor for things like hormonal imbalance and erectile dysfunction. The startup tries to remove these barriers by making it easy to book at-home appointments and get a work-up with a nurse practitioner.

“I want to de-stigmatize men’s health.” Feldman told TechCrunch. “You tell a guy to go see the doctor about his heart health and he likely won’t but you tell him you’ll bring him a doctor to help his penis and it’s a different story.”

Like many new concierge medical services that have popped up in the last few years, Vault does not take insurance, instead signing patients up via membership for $133 to $300 per month, depending on the type of service you sign up for. Compare that to Forward, which caters to both men and women and offers unlimited in-office visits and testing for $149/month or Roman, a men’s “digital clinic,” which offers free online evaluations, $15 doctor’s visits and prescription medications for similar services to Vault like erectile dysfunction, hair loss and testosterone support — although Roman requires patients see a physical doctor of their choosing within the last three years before they’re able to get prescriptions via digital services.

But Feldman doesn’t think his startup is anything like what’s out there right now, claiming it as the first national men’s healthcare provider. Vault offers specialty packages like testosterone therapy or the “sex kit” for an increased sex drive or stronger erections, something that sometimes diminishes as men age.

So far, Feldman has signed up over 500 medical practitioners to come to various home locations and has hired a chief medical officer to ensure medical standards are being met. He now plans to use the new funding to open up operations in 42 cities across the U.S. and work on spreading the word to all men nationwide that Vault is here for them.



https://ift.tt/eA8V8J Men’s at-home health startup Vault takes in $30 million from Tiger Global https://ift.tt/3cS5FTt

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