LinkedIn's Reid Hoffman: To Scale, Do Things That Don't ScaleEditor’s Note: In the new podcast Masters of Scale, LinkedIn co-founder and Greylock partner Reid Hoffman explores his philosophy on how to scale a business -- and at Entrepreneur.com, entrepreneurs are responding with their own ideas and experiences in our hub. This week, we’re discussing Hoffman’s theory: the only way to scale is to do things that don't scale. Square reports $462 million in Q1 2017 revenue, gross payment volume of $13.6 billionSquare’s ($SQ) first quarter 2017 earnings are out, revealing that it generated total net revenue of $462 million, a 22 percent annual increase and an earnings per share loss of $0.04. It continues to see its gross payment volume increase, coming in at $13.6 billion — a 33 percent year-over-year increase, but a drop from last quarter’s $13.7 billion. Wall Street analysts had been expecting the company to generate $450.76 million in revenue for the quarter with an earnings per share loss of $0.08. [ Venture Beat ] 500 Startups Demo Day (Batch 20)Startup Foundations, Day 1: Why Primary invests in people first-Written by Cat Hernandez, Talent Partner at Primary Venture Partners Facebook and DiversityNow this is awkward. Just as Facebook Chief Operating Officer Sheryl Sandberg is rolling out a new book, along comes fresh evidence that America’s most celebrated coach for women in the workplace seems to be presiding over a company that frustrates the relatively few women it employs. According to the Journal: Why the Co-Founder of Rent the Runway Left Her Own Company to Join WalmartJennifer Fleiss just went from running her own company to joining the world's largest company. Fleiss, a co-founder of clothing rental service Rent the Runway, will oversee Code Eight, the first portfolio company in Walmart Stores' newly launched incubator, Store No. 8. [ Fortune ] E729: Founder Richard Craib shares A.I. hedge fund Numerai, blockchain & mission to manage world’s $What a Top Healthcare VC Looks for in FoundersBryan Roberts knows a thing or two about investing. Roberts, who is an investor at venture capital firm Venrock, has seen nine of his portfolio companies reach $1 billion or more of value. His investments include athenahealth, Illumina, Doctors on Demand and others. Roberts says that there are three things he looks for in entrepreneurs he is investing in First, the founder needs to have considerable intelligence, which Roberts says in "wide supply these days." Second, the founder needs to have a sense of humility and the ability to listen. That's because he's observed that successful CEOs who have an ability to admit what they don't know and will do what they can to learn. [ Fortune ] How to Get Users and Grow - Alex SchultzVR/AR Breakdown: VCs investing heavily to make it a realityVirtual reality (VR) and augmented reality (AR) are clearly the talk of the tech world, at least according to (fictional) entrepreneur-turned-incubator-manager Erlich Bachman in the latest episode of HBO's hit show "Silicon Valley." But does the data back him up? 94% Of Female Founders Experience Bias In Fundraising. We Want To Fix It. Whilst fundraising is challenging for most entrepreneurs, and building a company is hard for all, it can be more so for women. Overcoming implicit bias and breaking into predominantly male venture networks adds to the battle. To better understand the challenges women face in fundraising, Crunchbase spoke to Lisa Wang, co-founder of SheWorx. Through their series of women-focused leadership events, that connect companies with investors, Lisa found that: A Veteran’s Playbook For Global ExpansionDenali Tietjen, General Catalyst Kozlowski is a seasoned pro on taking tech companies global: at Etsy, she spearheads the company’s expansion efforts and manages operations across 10 offices that support 28.6M customers in nearly every country in the world. Before Etsy, she had a three-year run at Evernote where she supported the company’s majority international user-base as COO. Prior to that, she was an executive at China-based Alibaba Craig Newmark Founded Craigslist To Give Back, Now He's A BillionaireOn March 1, 1995, Craig Newmark fired off an email to his friends. Having been laid off from his job at Charles Schwab, where he had explored the early promise of the internet as a computer engineer, he decided he had reached a time in his life to “give back.” [ Forbes ] Mark Zuckerberg insists that Facebook Live also saves livesIn the wake of terrible headlines about Facebook users uploading abusive and violent videos, CEO Mark Zuckerberg announced today the company's plan to hire 3,000 more people to its community operations team to help filter out such content. But he also felt compelled to point out the good side of Facebook Live. On this quarter's earnings call, Zuckerberg brought our attention to a person who used the platform while contemplating suicide. Facebook decided to keep the live stream going until the police could intervene. In this sense, said Zuckerberg, Facebook is about "helping people when they are in need." [ Fast Company ] With $25 Million From Sequoia, Greylock, Crew Wants To Be The Slack For Truly Mobile WorkersThe story of Crew, a mobile communications platform for truly mobile workers that officially launches on Thursday, began more than two years ago over a Mexican lunch in a gritty restaurant in San Francisco’s Mission district. That was long before Crew scored a previously-unannounced $8 million financing round led by Sequoia Capital and before it nabbed an additional $15 million in a round led by Greylock Partners (also unannounced). [ Forbes ] These 8 hardware startups are tackling some of society’s biggest problemsWe have been hearing stories after stories of the poor in India using WhatsApp, Facebook, and YouTube on their budget smartphones and about how the internet is transforming their lives. But India is still deficient in basic necessities like water, healthcare, electricity, infrastructure, or education – more than half of the country’s people have scarce access to these. [ Tech In Asia ] Waymo-Uber Judge Torn Over Strong Evidence Minus Smoking Gun
The judge presiding over Waymo’s trade-secrets fight with Uber Technologies Inc. said it seems “overwhelmingly clear” the engineer at the center of the case took confidential files but there’s no “smoking gun” proof the ride-hailing company illegally used the information. [ Bloomberg ] Emerging AI: 7 Industries Including Law, HR, Travel And Media Where AI Is Making An ImpactArtificial Intelligence is being hailed as the new linchpin of the tech industry. Although machine learning algorithms have been around for decades, the advances in hardware processing capabilities and access to big data have ushered in a new era of AI applications. Areas like healthcare, IoT, and cybersecurity, where there are a massive number of data points available, were quick to adopt and experiment with AI algorithms. But deals are slowly emerging in other verticals like legal tech, travel tech, real estate, and media & entertainment. [ CB Insights ] |