Rachel Premack, provided by Published 3:29 pm PDT, Sunday, October 7, 2018 Courtesy of Transfix The truck driver shortage has dominated America's headlines in the logistics space this year. However, Transfix CEO Drew McElroy said the driver shortage isn't the only thing that's dragging the industry down. With billions of miles being driven empty every year and technology like GPS not being widely implemented, McElroy said the trucking industry can be "incredibly wasteful." The US will be short 175,000 truck drivers by 2026, according to the American Trucking Associations. Fewer drivers mean that fewer goods can be moved in a timely fashion, which limits companies from selling more and consumers from enjoying what they're used to finding in stores or online. Today, a lack of drivers is already delaying orders and making goods more expensive as freight rates climb. But not everyone agrees that the shortage is the only thing constraining the trucking industry, which … [Read more...] about The US has a major truck driver shortage — but the co-founder of a trucking startup that’s attracted $80 million in funding says there are 3 other issues that are making the shortage seem worse than it is
caption InVision’s 700 employees. The company doesn’t have a physical headquarters — every employee works remotely. source InVision InVision is a software startup that has 700 employees but no office space. The company was founded on remote work. InVision’s chief people officer, Mark Frein, explained how the company makes it work. When InVision was founded in 2011, its CEO and founder, Clark Valberg, knew he’d have to get creative to maintain a competitive edge. Google had recently increased its presence in Manhattan, making it all the more difficult to snag coveted East Coast tech talent. To open an office in New York’s punishing real-estate market wasn’t an appealing prospect. It seemed wasteful to shell out money for office space when InVision’s core product – a software focused on augmenting the work of user-experience designers – could be built entirely from a laptop. So why not do … [Read more...] about All 700 employees at this startup work remotely. Here’s why one of its top execs says it’s given them a major edge over the competition.
caption You’ll learn how to learn — and how to walk away. Tejas Konduru, founder of Via, and Monica Lee, founder of Game One, watch Brian Scordato’s presentation at a Tacklebox Accelerator workshop. source Hollis Johnson/Business Insider Many people wonder how to start a business successfully. According to Brian Scordato, the founder of Tacklebox Accelerator, the first thing to do is keep your day job. Tacklebox is a six-week program geared toward founders with full-time jobs. Scordato helps those founders bring their business concepts to fruition, slowly and steadily. Tacklebox doesn’t take equity; instead it charges founders $2,500. Scordato and Tacklebox alums and mentors say even if you go through the program and realize you don’t want to pursue your business idea any longer, that’s still a positive outcome. Tacklebox has a broad definition of success, and Scordato thinks it’s OK … [Read more...] about Keep your day job, move slowly, and don’t worry about building a unicorn: A New York ‘startup school’ eschews everything Silicon Valley ever taught us
Smartphone users who unlock their device with a glance already understand the creeptastic potential of facial-recognition technology. In China, so do shoppers, airline passengers, ride-share hailers, and students. Unconstrained by strict privacy protections and buoyed by AI-enabled state surveillance—and hefty government investment—Chinese startups are leading the race to ID your face. $620 million, Series C, May 2018 $300 million, Series C, June and July 2018 $600 million, private equity, July 2018 Megvii Face++ funding: PitchBook About First to Market Debut: Nov 2013 | Retirement: Oct 2015 | Appearances in print: 12 “When I was assigned First to Market, I had no idea how VC funding really worked. I prepared by watching Shark Tank to learn about valuation.” —Victoria Tang, former WIRED research editor and First to Market writer This article appears in the October issue. Subscribe now. [email protected]: More Retro WIRED Join us for a four-day … [Read more...] about First to Market: Facial Recognition Startups
caption The value of the equity held by female founders such as 23andMe’s Anne Wojcicki is a small fraction of that held by their male counterparts. source Steve Jennings/Getty Images for TechCrunch Silicon Valley has long had a diversity problem. Women, African-Americans, and Latinos are underrepresented in the tech industry and tend to be paid less than their white male counterparts. But the diversity problem is even worse than that; a new study found that the gender disparity in equity – or stock ownership – held by tech workers and founders is even worse than the pay gap. In Silicon Valley, stock holdings can be much more important and valuable than salaries. The disparity is important, because Silicon Valley’s ecosystem centers around startup founders who cash in their shares when their companies go public or are acquired. It’s no surprise that the tech industry has a diversity problem. But it turns out that the problem is … [Read more...] about Tech’s diversity problem is even bigger than we realized — here’s why that’s so bad for the next generation of startups