<span>Monthly Archives</span><h1>November 2018</h1>
    Startups

    And the winner of Startup Battlefield at Disrupt Berlin 2018 is… Legacy

    November 30, 2018

    At the very beginning, there were 13 startups. After two days of incredibly fierce competition, we now have a winner.

    Startups participating in the Startup Battlefield have all been hand-picked to participate in our highly competitive startup competition. They all presented in front of multiple groups of VCs and tech leaders serving as judges for a chance to win $50,000 and the coveted Disrupt Cup.

    After hours of deliberations, TechCrunch editors pored over the judges’ notes and narrowed the list down to five finalists: Imago AI, Kalepso, Legacy, Polyteia and Spike.

    These startups made their way to the finale to demo in front of our final panel of judges, which included: Sophia Bendz (Atomico), Niko Bonatsos (General Catalyst), Luciana Luxandru (Accel), Ida Tin (Clue), Matt Turck (FirstMark Capital) and Matthew Panzarino (TechCrunch).

    And now, meet the Startup Battlefield winner of TechCrunch Disrupt Berlin 2018.

    Winner: Legacy

    Legacy is tackling an interesting problem: the reduction of sperm motility as we age. By freezing men’s sperm, this Swiss-based company promises to keep our boys safe and potent as we get older, a consideration that many find vital as we marry and have kids later.

    Read more about Legacy in our separate post.

    Runner-Up: Imago AI

    Imago AI is applying AI to help feed the world’s growing population by increasing crop yields and reducing food waste. To accomplish this, it’s using computer vision and machine learning technology to fully automate the laborious task of measuring crop output and quality.

    Read more about Imago AI in our separate post.


    Source: Tech Crunch Startups | And the winner of Startup Battlefield at Disrupt Berlin 2018 is… Legacy

    Tech News

    US mobile app stores had their biggest day ever on Black Friday 2018

    November 30, 2018

    Black Friday wasn’t just a boon for e-commerce retailers, it helped the mobile app stores break new records, too. According to a new report from Sensor Tower, the combined consumer spending across the U.S. Apple App Store and Google Play on Black Friday 2018 reached $75.9 million — a record for the most ever spent in a single day on both stores.

    The App Store accounted for most of that figure, however, with U.S. consumers spending a record $52 million on Black Friday. That’s a 31.6 percent increase in spending over last year’s shopping event, when consumers then spent $39.5 million.

    It’s also notably higher than Christmas 2017, when spending reached $39.8 million — typically a strong day for app purchases and in-app sales, as consumers unwrap new iPhones.

    The App Store’s $52 million was more than double the $23.9 million spent on Google Play during the same time.

    Sensor Tower attributes the increased spending to a variety of factors, largely driven by mobile gaming. Game makers this year got in on the Black Friday action by offering players discounts on in-app purchases and other special bundles.

    On the U.S. App Store, mobile gaming accounted for 68 percent of Black Friday spending, with consumers spending $35.4 million on games. That’s a 63 percent increase from the week prior, the report notes.

    Other categories saw a boost, too, including Food & Drink and Sports — both reflective of the leisure time consumers had over the holidays. Food & Drink grew 34 percent while Sports grew 49 percent, Sensor Tower found, with top apps like NYT Cooking and ESPN: Live Sports and Scores benefiting from the surge.

    Though the Black Friday shopping holiday is heavily associated with the U.S. because of its ties to Thanksgiving, the sales event is making its way around the world, too.

    On the mobile app stores, that meant worldwide consumer spending saw a jump this year, as well.

    The firm found that $117.3 million was spent by App Store users outside the United States on Black Friday, bringing the global total to $169.3 million, up 18.4 percent from 2017. The spending outside the U.S. was up 13.9 percent year-over-year, but that’s lower than the U.S.’s year-over-year growth of 31.6 percent between Black Friday 2017 and Black Friday 2018.

    Also of note: While Amazon had its biggest day ever on Cyber Monday 2018, Cyber Monday didn’t perform as well on the app stores. In the U.S., app revenue was up about 20 percent versus the previous Cyber Monday, to reach an estimated $37 million.

    Source: Tech Crunch Mobiles | US mobile app stores had their biggest day ever on Black Friday 2018

    Startups

    N26 says it now has more than 2M customers

    November 30, 2018

    N26 announced today that it now has more than 2 million customers — up from 1.5 million in October.

    The German fintech startup’s CEO Valentin Stalf was interviewed onstage at Disrupt Berlin with Tandem CEO Ricky Knox, where they discussed the growth of what are sometimes called challenger banks or neobanks — new banks that are taking on the incumbents by focusing on digital tools.

    Stalf said N26 is seeing more than €1.5 billion in transactions each month, with €1 billion in deposits. He also discussed the company’s recent launch in the United Kingdom — he didn’t know the exact number of U.K. users, but estimated that the company has tens of thousands of U.K. accounts, with between 1,500 and 2,000 new signups on a single day three days ago.

    Meanwhile, Knox said Tandem now has nearly half a million users in the U.K. (“This year, we’re seeing everybody’s growing really quickly.”) He also noted that because Tandem allows users to aggregate different accounts, he’s noticed some of those users are starting to become more focused on individual services.

    “What tends to happen, particularly with the early adopter audience, is they will open [an] account with everybody because they want to check it out, they want to get the best product,” he said. “And then what you’ll see is over time, them kind of picking a horse — depending on the functionality they like, depending on, you know, the service they’re getting there — and settling in.”

    Tandem is also expanding geographically, specifically to Hong Kong through a deal with Convoy Global Holdings. Asked why he’s making the leap to Asia before launching in other European markets, Knox said, “There are a load of massive Asian markets … The exciting thing here is the opportunity, as I said, for a global bank, and some of these Asian markets are really ripe for disruption.”

    In discussing the different models for challenger banks, Knox warned against the dangers of the “marketplace bank” model, where banks make money by connecting customers to third-party services.

    “What we found is, the more we try and push revenue in that area there, the less customers love it,” he said. “That’s the challenge with marketplaces: If you build your business model around it, you’ve got an inherent contradiction between customers loving you less when you make more money.”

    Instead, Knox argued that customers have a better experience if the bank is willing to recommend free or low-priced services: “And actually at the backend, we’re still making money the same way the bank makes money. So we’re able to fund, if you like, all this great customer stuff at the front end.”

    Moderator Romain Dillet quickly pointed out that Stalf was shaking his head while Knox was making his arguments.

    “What we see with our customers is, I think if we have a great product, they’re normally also willing to pay a little bit for it,” Stalf said. “It needs to be transparent, and it needs to be a good value to consumers. But I think it’s untrue that customers are always not choosing a product if you price it.”

    As for whether we’ll be seeing consolidation in the industry over the next few years, Knox argued, “I’d say there’s plenty of room for the existing cadre of neobanks to be incredibly successful on a global basis without any mergers or acquisitions.” He suggested it’s more likely that the established banks start trying to acquire the challengers, although he said, “That’s not a route we want to take.”

    “I think there’s a couple players that are set for being a global bank, and I think we are trying to take the shot to be a global bank,” Stalf added. “I think it’s about building up 50 to 100 million users in the next couple years.”


    Source: Tech Crunch Startups | N26 says it now has more than 2M customers

    World News

    Galaxy S10 specs, price and release date rumors: 6 cameras? 5G? 3 new phones? – CNET

    November 30, 2018
    1. Galaxy S10 specs, price and release date rumors: 6 cameras? 5G? 3 new phones?  CNET
    2. Samsung Galaxy S10 – Early Look  Dave Lee
    3. Galaxy S10 will have a feature that’s not available on any other Android or iPhone  BGR
    4. Galaxy S10 specs, price and release date rumors: 5G? 3 models? 6 cameras?  CNET
    5. Galaxy S9 tells us S10’s secret weapon in photos  SlashGear
    6. View full coverage on Google News

    Source: Google News | Galaxy S10 specs, price and release date rumors: 6 cameras? 5G? 3 new phones? – CNET

    Tech News

    Instagram now lets you share Stories to a Close Friends list

    November 30, 2018

    No one wants to post silly, racy or vulnerable Stories if they’re worried their boss, parents and distant acquaintances are watching. So to get people sharing more, and more authentically, Instagram will let you share to fewer people. Today after 17 months of testing, Instagram is globally launching Close Friends on iOS and Android over the next two days. It lets you build a single private list of your best buddies on Instagram through suggestions or search, and then share Stories just to them. They’ll see a green circle around your profile pic in the existing Story tray to let them know this is Close Friends-only content, but no one gets notified if they’re added or removed from your list that only you can view.

    “As you add more and more people [on any social network], you start not to know them. That’s obviously going to change the things that you’re sharing and it makes it even harder to form very deep connections with your closest friends because you’re basically curating for the largest possible distribution,” said Instagram director of product Robby Stein, who announced the news onstage at TechCrunch Disrupt Berlin. “To really be yourself and connect and be connected to your best friends, you need your own place.”

    I spent the last few days demoing Close Friends and it’s remarkably smooth, intuitive and useful. Suddenly there was a place to post what I might otherwise consider too random or embarrassing to share. Teens already invented the idea of “Finstagrams,” or fake Instagram accounts, to share feed posts to just their favorite people without the pressure to look cool. Now Instagram is formalizing that idea into “Finstastories” through Close Friends.

    The feature is a wise way to counteract the natural social graph creep that occurs as people accept social networking requests out of a sense of obligatory courtesy from people they aren’t close to, which then causes them to only share blander content. Helping people express their wild side as must-see content for their Close Friends could drive up time spent on the app. But there’s also the risk that the launch creates private echo sphere havens for offensive content beyond the eyes of those who’d rightfully report it.

    “No one has ever mastered a close friends graph and made it easy for people to understand,” Stein notesThe path to variable sharing privacy winds through a cemetery. Facebook’s “Lists” product struggled to find traction for a decade before being half-shut down. Google+’s big selling point was “Circles” for sharing to different groups of people. But with both, users found it too boring and confusing to make a bunch of different lists they could share to or view feeds from. Snapchat launched its own Groups feature two months ago, but it’s easy to forget who’s in which list and they’re designed around group chat. Most users just end up trying their best to reject, unfollow or mute people they didn’t want to see or share with.

    Now after almost 15 years of Facebook, 12 years of Twitter, eight years of Instagram and seven years of Snapchat, that strategy has failed for many, leading to noisy feeds and a fear of sharing to too many. “People get friend requests and they feel pressure to accept,” Stein explains. “The curve is actually that your sharing goes up and as you add more people initially, as more people can respond to you. But then there’s a point where it reduces sharing over time.”

    So Instagram chose to build Close Friends as just a single list in hopes that you won’t lose track of who’s part of it. As the feature rolls out today, there’ll be an explainer Story from Instagram about it in your tray, you’ll get walked through when you hit the Close Friends button on the Story composer, and there’ll be a call out on your profile to configure Close Friends in the Settings menu. You’ll be able to search for your close friends or quickly add them from a list of suggestions based on who you interact with most. You can add or remove as many people as you want without them knowing, they just will or won’t see your green circled Close Friends story. “We’re protecting you and your right to share or not share to certain people. It gives you air cover,” Stein tells me.

    From then on, you can use the Close Friends shortcut in the Stories composer to share it with just those people, who’ll see a green “Close Friends” label on the story to let them know they’re special. Instagram will use the signal of who you add to help rank and order your Stories tray, but it won’t automatically pop Close Friends Stories to the front. When asked if Facebook would use that data for personalization too, Stein told me, “We’re the same company,” but said using it to improve Facebook is “not something that we’re actively working on.”

    There’s no screenshot alerts, similar to the rest of Instagram Stories, but you won’t be able to DM anyone someone else’s Close Friends Story. That’s it. “We haven’t invented any new design affordances or things you need to know,” Stein beams. For now it’s meant for user profiles, but publishers, social media celebrities and brands would probably love ways to build fan clubs through the feature. Perhaps Instagram would even allow creators to charge users to be admitted to Close Friends. If not, some savvy influencers will probably do it anyways as they try to make Instagram more like Patreon.

    Instagram’s Robby Stein (left) tells TechCrunch’s Josh Constine about Close Friends at Disrupt Berlin

    The one concern here is that Close Friends could create little bunkers in which people can share objectionable content without consequence. It’d be sad to see it harbor racism, sexism or other stuff that doesn’t belong anywhere on Instagram. Stein says that because you’re talking with friends instead of strangers on a Reddit, “it self regulates what it’s used for. We haven’t seen a lot of that usage in the testing that we’ve done. It’s still a broadcast channel and it doesn’t generate this group discussion. It doesn’t spiral.”

    Overall, I think Close Friends will be a hit. When it started testing a prototype called Favorites in June 2017 it worked with feed posts too, but Instagram decided the off the cuff posts wouldn’t fit right next to your more widely broadcasted highlights. But confined to Stories, it feels like a natural and much-needed extension of what Instagram was always supposed to be but that’s gotten lost in our swelling social networks: giving the people you love a window into your life.


    Source: Tech Crunch Mobiles | Instagram now lets you share Stories to a Close Friends list

    World News

    Trump's whirlwind G20 set to begin after he cancels Putin meeting – CNN

    November 30, 2018
    1. Trump’s whirlwind G20 set to begin after he cancels Putin meeting  CNN
    2. G20 summit: Angela Merkel’s plane ‘makes emergency landing’ on way to Argentina  The Independent
    3. Trump and Melania jet off to Buenos Aires but the president can’t stop tweeting  Daily Mail
    4. President Trump departs White House for G20 in Argentina – Full remarks  CNN
    5. Leaders gather for G20 Buenos Aires talks amid rising tensions  BBC News
    6. View full coverage on Google News

    Source: Google News | Trump's whirlwind G20 set to begin after he cancels Putin meeting – CNN

    Startups

    Floyd Mayweather and DJ Khaled to pay SEC fines for flogging garbage ICOs

    November 30, 2018

    Floyd Mayweather Jr. and DJ Khaled have agreed to “pay disgorgement, penalties and interest” for failing to disclose promotional payments from three ICOs including Centra Tech. Mayweather received $100,000 from Centra Tech while Khaled got $50,000 from the failed ICO. The SEC cited Khaled and Mayweather’s social media feeds, noting they touted securities for pay without disclosing their affiliation with the companies.

    Mayweather, you’ll recall, appeared on Instagram with a whole lot of cash while Khaled called Centra Tech a “Game changer.”

    “You can call me Floyd Crypto Mayweather from now on,” wrote Mayweather. Sadly, the SEC ruled he is no longer allowed to use the nom de guerre “Crypto” anymore.

    Without admitting or denying the findings, Mayweather and Khaled agreed to pay disgorgement, penalties and interest. Mayweather agreed to pay $300,000 in disgorgement, a $300,000 penalty, and $14,775 in prejudgment interest. Khaled agreed to pay $50,000 in disgorgement, a $100,000 penalty, and $2,725 in prejudgment interest. In addition, Mayweather agreed not to promote any securities, digital or otherwise, for three years, and Khaled agreed to a similar ban for two years. Mayweather also agreed to continue to cooperate with the investigation.

    “These cases highlight the importance of full disclosure to investors,” said Stephanie Avakian of the SEC. “With no disclosure about the payments, Mayweather and Khaled’s ICO promotions may have appeared to be unbiased, rather than paid endorsements.”

    The SEC indicted Centra Tech’s founders, Raymond Trapani, Sohrab Sharma, and Robert Farkas, for fraud.


    Source: Tech Crunch Startups | Floyd Mayweather and DJ Khaled to pay SEC fines for flogging garbage ICOs

    World News

    Why the Mets' proposed trade for Robinson Canó and Edwin Díaz makes sense, and doesn't deserve scorn – Yahoo Sports

    November 30, 2018
    1. Why the Mets’ proposed trade for Robinson Canó and Edwin Díaz makes sense, and doesn’t deserve scorn  Yahoo Sports
    2. New York Mets and Seattle Mariners are close to a deal involving Robinson Cano, according to reports  ESPN
    3. Sources: Mets close to deal for Cano, Diaz  MLB.com
    4. Mets’ deal for Robinson Cano, Edwin Diaz all but done  New York Post
    5. What will Robinson Cano be worth over next five years  ESPN
    6. View full coverage on Google News

    Source: Google News | Why the Mets' proposed trade for Robinson Canó and Edwin Díaz makes sense, and doesn't deserve scorn – Yahoo Sports