The Syndicate

[ Tl;dr: We’re creating the world’s largest startup angel syndicate at the LAUNCH Festival on April 6th & 7th. –@Jason Calacanis ]

For close to 100 years non-accredited investors — currently defined as those making less than $200,000 a year or with less than one million in net worth excluding their home — have not been able to invest in private companies.

That all changed this past May when the SEC started allowing everyone in the United States access to what I believe is the greatest wealth creation vehicle in the world today: startups.

[ Click to Tweet (can edit before sending): http://ctt.ec/HaLW5 ]

Over the past 10 years startups like Dropbox, Mint (sold to Intuit for $170m), Yammer (sold to Microsoft for $1.2b), Fitbit (went public in June 2015), PowerSet (sold to Microsoft for $100m), Clicker (sold to CNET for $100m), Trello (sold to Atlassian for $425m), TrueCar (raised $70m in its 2014 IPO), and Cafe X (raised $5m) have presented at our event — but 97% of the people at the event were not allowed to invest in them.

This year we’re inviting all 120 startups at the LAUNCH Festival to accept investment from the 12,000 attendees, SeedInvest’s network of 150,000 investors and the tens of thousands watching at home.

We’ve known this was coming, so four years ago — back in 2013 — we created a “virtual investing” contest at the LAUNCH Festival where consumers could invest 10,000 “LAUNCH Dollars.”

This year the investments will be real!

Continue reading The Syndicate

Inside.com launches 14th newsletter

66UImi1

Inside.com has launched its 14th newsletter: inside.com/facebook. Our mission is “to make you smarter & better at your job.”

We write every single newsletter with this in mind, and we’ve perfected a format that is wildly addicting to our readers. We read hundreds of stories in a vertical, and we summarize the top 12 of them perfectly so that you can quickly get up to speed.

We respect our readers and don’t try to trick them into clicking on links to get more page views. In fact, we only want one page from you ever, and that’s on the signup form for the topic you care most about.

https://inside.com/ev (electric vehicles, autonomous driving, etc.)
https://inside.com/streaming <– netflix, amazon, etc,
https://inside.com/technically-sentient <— AI, Machine Learning
https://inside.com/readthisthing <— one great long read a day
Some upcoming newsletters you can vote on:

 

LAUNCH Incubator is looking for a Program Director

Program Director, LAUNCH Incubator

LAUNCH is looking for a driven and resourceful leader to develop content, curriculum and events for founders in the LAUNCH Incubator, as well as for our alumni and potential investments.

The ideal candidate is resourceful and a great communicator, who can listen to our founders, determine what speakers, skills and content would be most helpful to them in building their businesses, and quickly build content for them.

Responsibilities
  • Develop content for the LAUNCH Incubator, LAUNCH Festival, LAUNCH SCALE, Angel Summit and This Week in Startups that helps founders grow.
  • Manage mentors & speakers for 18 sessions of the LAUNCH Incubator. (Each session has five mentors, so this would be 90 mentors per year.)
  • Understand Lean Startup methodology to optimize your efforts.
  • Build and maintain relationships with our network of influencers.
  • Identify key topics, events, and issues for influencers to offer input on.
  • Communicate actively with our team & alumni, including reporting directly to our CEO/founder.
  • Help in selecting our incubator startups.
Qualifications
  • Five years working in and around startups.
  • Proven track record of building quality products, content and/or events.
  • An extensive network of startup people and a deep grasp of the ‘who’s who’ in areas like growth, sales/bd, saas, hr/ops, engineering, design, etc.
  • Intelligence & the ability to quickly build efficient, repeatable processes for scaling our organization.
  • Technical skills, with the ability to quickly add new ones.
  • Excellent communications and presentation skills.
Qualities
  • Hustle. You need to be able to track down busy, influential people and get them to come to our events. This requires creative communication, research, persistence, and hustle.
  • Persistence. We mentioned this above, but it bears reiteration. You might need to email someone six times before you catch their attention. We need someone willing to push hard.
  • Communication. This position requires exceptional writing ability for private (email, mailing lists) and public (social media, blog posts) communications.
  • Curiosity. To excel in this role, you need to be able to build a deep understanding of each of the verticals we publish in. That means knowing the events, companies, products, and most importantly, people, in each of these verticals and having your finger on the pulse of any changes or developments.
  • Time-management & Organization. We have thousands of founders apply for our incubator, and tens of thousands come to our events. We have to manage a deluge of interest that results in a finite amount of deep engagement. This requires organization and time management skills.

This is a full-time position, splitting time between Burlingame and San Francisco.

Compensation: $80-100k/year, plus equity

Apply: https://launchevents.typeform.com/to/WpdStG

Inside.com is looking for a Community and content development manager

Cool gig at Inside.com….

Inside.com is a network of email newsletters. We publish high quality roundups that curate, summarize, and analyze all of the most important news in many different verticals and industries. Some examples are cybersecurity, electric vehicles, virtual and augmented reality, artificial intelligence, drones, and more.
Over the past 10 months, we doubled our entire subscriber-base. Then we doubled it again. Then we doubled it a third time. And we’re just getting started. We also track net promoter scores and all of our newsletters score between 66 and 89 – which is right on par with world-renowned products like the iPhone and the Tesla Model S.
Our editorial team is masterful when it comes to creating a “presidential briefing” style update in any of these areas, but we also want to bring in voices of industry leaders to level up the content of the newsletters. This program is loosely modeled off the LinkedIn Influencer program, which you can read more about here.
We’re looking for someone to help create and grow this influencer program. The role consists of a few things:
  • Developing lists of the most influential people in all of our current and upcoming verticals
  • Identifying the best ways to contact and build relationships with these people
  • Applying a Lean Startup methodology to your outreach efforts
  • Building and maintaining relationships with our network of influencers
  • Identifying key topics, events, and issues for influencers to offer input on
  • Communicating actively with our editorial team to get this influencer content into our newsletters
Here are some key requirements:
  • Hustle. You need to be able to track down busy, influential people and get them to talk to you. This requires creative communication, research, persistence, and hustle.
  • Persistence. We mentioned this above, but it bears reiteration. You might need to email someone 6 times before you catch their attention. We need someone willing to push hard.
  • Communication. This is a growth position, not an editorial position, but we are an editorial-driven company and everybody needs to be able to write and communicate well.
  • Curiosity. To excel in this role, you need to be able to build a deep understanding of each of the verticals we publish in. That means knowing the events, companies, products, and most importantly, people, in each of these verticals and having your finger to the pulse of any changes or developments.

apply here

Heading to CES 2017; looking for interviews

Going to CES Wednesday until Sunday, currently attending the Core Dinner (Wednesday), DFJ dinner (Friday) and taping three episodes of This Week in Startups at James Siminoff’s Ring booth (GREAT product btw, I have two). Staying with my boy Tony Hsieh in his trailer park in an Airstream.

Have two of three interviews for TWIST locked up… need one more remarkable CEO/founder in the gadget/hardware/tech space…. cc: Jacqui Deegan, my producer (jacqui@launch.co).

Might do a quick hit for CNBC while there, have time for 1-2 other interviews if folks need a talking head.

The main goal: don’t get the CES flu.

Who else is going / what are your goals? <– click here for Facebook discussion about CES.

Introducing Inside Amazon

The Inside.com network of newsletters continues to grow. Today we’re launching our eleventh newsletter: Inside Amazon.

It’s an in-depth, twice-weekly look at everything happening at The Everything Store. Our team is tapped into the analysts, journalists, bloggers, insiders, and experts surrounding Amazon’s various lines of business — and bringing you all the most important news in a quick and easy read.

If you own $AMZN stock, sell products on the Amazon platform, build software on AWS, or simply have an Amazon Prime membership, we think you’ll find Inside Amazon really interesting.

Four quick asks:

  1. Head over to Product Hunt and look for Inside Amazon and join the discussion
  2. Subscribe: inside.com/amazon
  3. Send this post to a friend who’s interested in Amazon!
  4. Click to tweet a one-click subscribe card for Inside Amazon (can edit before sending)

As always, post a comment and let us know what you think.

Trump, Jobs & Tech

As some of you know, I’ve tried to stay out of politics my whole life, instead focusing on creating and funding startups — which in turn create jobs.

My core belief is that if people have great jobs, you’re going to have a great society. That’s why so many elections seem to revolve, predictably, around the issue of employment.

This election was about jobs, specifically the blue collar ones.

The consensus view, from everything we’re reading, about what happened on November 8th is:

  1. Trump won because non-college educated, white voters who feel disenfranchised came out in greater numbers than anyone anticipated, while Hillary didn’t draw out as many voters as Obama did. [1] [2] [Chart 3]
  2. Many voted for Trump, despite some obvious and significant concerns, because they wanted a profound change in Washington.
  3. Polling was significantly off, causing false confidence for the Democrats.

This leads to a lot of questions:

  1. Why didn’t Hillary inspire more voters to come out? Have things gotten that much worse for middle America under Obama, or was it just Hillary (i.e., her “unlikable” tag)?
  2. Why did women vote against Hillary in such large numbers, even after Trump’s comments about women?
  3. Is this a one-time surge of the dwindling majority? How many more elections can this base, commonly referred to as “angry white men,” be sustained?
  4. Is this outcome about race, gender, personality or jobs?
  5. What is the future of the political parties if the GOP got elected by winning the Democratic base of blue-collar workers?
  6. Can anyone be president now? Is political experience still a requirement for the top job in the land, or is Trump a one-time Black Swan event where a person who didn’t serve in the military or hold political office somehow got the top job?

At its core this election is about jobs.

We believe we have an unemployment rate of four or five percent, but our system of reporting unemployment is inherently, and intentionally, skewed. [4] We don’t count people who have given up finding work, and those are the people — and families — I believe won the election for Trump.

If we want to bridge the gap between the “two Americas” I have a simple suggestion: we start telling the truth about employment.

In talking to the smartest kids in the class, I’ve learned that the true measure of how we are doing with jobs is simply calculated:

  1. What percentage of American adults have a job (the participation rate) [5]
  2. What they are getting paid (relative wages)

You can argue about what that money buys (#2), or if people are living in new ways that offer less employment and more leisure time (#1), and most of all you can study why the people who are no longer participating have opted out (aging out plays a big role).

At the end of the day we need to talk about real numbers — not politically motivated massaged ones.

We need a plan to increase wages and create jobs, that’s obvious, but we need to set the goal posts and have a politically neutral conversation about what “winning” looks like for Americans and America.

Adding to the political fun with numbers I’ve mentioned above, we now have two very important questions to answer:

  1. What does “acceptable employment” in the 21st century look like? (more below)
  2. Will the number of jobs rapidly go away due to massive advances in robotics and AI?

Here in Silicon Valley we have been really thinking about this because, candidly, we know we are starting to have an impact.

On “acceptable employment,” consider a former retail worker who loses or leaves their job and decides to contruct a life in which they Airbnb their home a couple of days a month and work two days a week for DoorDash. Doing so cuts their income by 20% but they double their leisure time, reduce their stress by 50% and are 100% happier — is that failure or success?

How do we report this person in our labour stats? According to our reporting today, they would be a failure, but the truth is they might have a much better life.

Adding to the confusion, the leisure time example above might be considered successful or a failure by the same person in the same lifetime. Heck, they might flip back and forth between full-time employment and a “lifestyle employment” every couple of years.

We are going through a reset of the 40-hour work week.

I’m guessing you’ve run into, or know, a ridesharing driver who says they drive into a major city from 60+ miles outside of the city two days a week, doing the arbitrage of 1/4th the living costs with XX%+ of hourly wages. Is this person a success or failure for figuring out how to pay <$1,000 a month for 3x the living space as someone paying $4,000 a month in the city?

How do we account for that individual in our stats? Are they happy and productive, or unhappy?

Will self-driving cars make living 60–90 miles outside of a city and commuting possible because you can work/sleep/netflix in a car going 90 MPH in no traffic? Does that solve a lot of problems around cost of living?

How do we account for that?

Candidly, we must remember that as Americans, we’ve already won when compared to the global scale — but past performance might not be indicative of future success. [6]

Things are moving quickly and it’s confusing for everyone. 2016 is a wake-up call, but it’s our game to lose. We are still the greatest country in the world, and with continued innovation, candidness and empathy we can lead humanity through this seismic shift in employment.

Best @jason

Further reading:

[ 1 ] https://www.theatlantic.com/politics/archive/2016/11/how-trump-won/507053/

[ 2 ] http://www.theamericanconservative.com/dreher/trump-us-politics-poor-whites/

[ 3 ] https://twitter.com/yanagiz/status/796382521688727552

[ 4 ] http://fivethirtyeight.com/features/what-is-the-real-unemployment-rate/

[ 5 ] https://twitter.com/Jason/status/796797519980204032

[ 6 ] http://hdr.undp.org/en/composite/HDI

[ 7 ] https://fivethirtyeight.com/features/trump-was-stronger-where-the-economy-is-weaker/

PS — Looking forward to seeing you all at launchscale.net next week. 50+ talks about how to grow your startup, plus 50 investors are hosting “founder speed dating.”

PPS — Set the date, LAUNCH Festival 2017 is on April 5th-7th!

PPPS — My startup Inside.com is up to 11 live newsletters. You should really check out the latest, Technically Sentient, about AI, as well as sign up for Inside Streaming which is starting next month and will help you select which show to binge watch next.

Technically Sentient

screen-shot-2016-10-10-at-11-34-37-pm

I’m excited to announce another fantastic newsletter today: Technically Sentient. It’s all about artificial intelligence, robotics, and neurotechnology.

This one is special, because it’s not starting from scratch like our other newsletters have. Rob May has been doing a fantastic job writing it over the past couple of years, and now he’s bringing his expertise to Inside to reach our smart, sophisticated audience.

If you think this is interesting, here are a couple of things you can do:

  1. Head over to Product Hunt and look for Technically Sentient, and leave a comment (I’m doing a Q&A right now)
  2. Subscribe: Inside.com/technically-sentient
  3. Forward to a friend who cares about AI.

Artificial intelligence is one of the most important areas of technology emerging today, and Rob really has his finger to the pulse of it. If you care about AI, this newsletter is simply a must-read.

As always, leave a comment and let us know what you think. — @jason

Email newsletters might save journalism — here’s why

[ Tl;dr: Today we’re launching the new Inside.com – a network of high-quality email newsletters. We have eight live newsletters, and we’re launching an exciting system that allows intelligent readers like yourself to decide which newsletter we launch next. Thanks to Rocketship for building the new platform. ]

voting

When I started Inside as an app, our idea was that if we could do an exceptional job curating the news, then millions of people would download our product and use it daily.

We learned that, while a dedicated base of fans couldn’t get enough of it, most folks didn’t have space for another app in their lives. This is a lesson that has been hard-learned by a whole crop of “news-reader” style apps – from tiny startups like Circa to mega-brands like Facebook, both of which folded their news apps.

The facts are simple: people are adding an average of ZERO new apps to their phones each month, and most modern news consumption happens in social media) places like Facebook, Twitter, Snapchat, Reddit, and, of course, email).

Meanwhile, publishers increasingly rely on viral traffic – which incentivizes silly clickbait, or worse they focus on writing headlines that rank in Google (best iPhone cases FTW!).

Email incentivizes the opposite — it drives us to build a lasting relationship with our readers who demand we deliver massive value. If we don’t they click unsubscribe.

I love that newsletters are held to such a high standard — it makes our writers focused on what matters most.

When it comes to news curation, here’s what we think matters:

1) Content selected by real-world relevance, not catchy titles or more-searched terms.

2) Content selected and presented in a fair way without obvious bias or added commentary.

3) Transparency. No hidden agendas. Literally email us and ask us why we ran a story and we’ll tell you.

We’re going all in with email newsletters because I think we can save journalism by putting 99 cents of every dollar we spend on writers. Our business has close to zero infrastructure costs and massive consumer feedback.

Nine months ago, we started with the Inside Daily Brief, a twice-daily roundup of the most interesting news in the world, which had 10,000 subscribers and just one writer/editor. Now, we have an audience of 100,000 subscribers across eight newsletters, with six people on our editorial team (and it’s growing!).

We’re just getting started.

In addition to letting you subscribe to our existing newsletters, the new site also lets you vote for which newsletters we’ll launch next. Do you want us to hire a top notch writer and launch Inside Golf or Inside Space or Inside Video Games?

Cast your vote, and tell your friends – when we hit 5,000 “early adopters” we’ll launch it.

So, here’s my ask:

  • Head over to inside.com and subscribe/vote for all the newsletters you find most interesting
  • Check out our post today on Product Hunt and leave some feedback
  • Tell your friends! If we can keep growing the readership of these newsletters, we can keep improving and launching new ones. That starts with you spreading the word.
  • Hit reply to the emails we send and tell us what you love, if we make a mistake and share an intelligent response to the question of the day. I read every email reply!

– @jason

 

PS – Here’s our subscriber growth in the past few months:

screen-shot-2016-09-18-at-10-53-19-pm

If you have a newsletter and you want to join our network, please email partners@inside.com. We’re looking to not only launch our own newsletters, but host and sell the advertising in other ones too.

The Six Reasons Smart Folks are Worried About Apple

There are two huge topics of discussion in Silicon Valley right now. The first is “Who will win the level 4 autonomy race, Tesla or Uber?,” and the second is “Is Apple in trouble?”

[ Click to Tweet (can edit before sending): http://ctt.ec/1132X ]

One of the greatest parts of my life, and boy do I lead a charmed life, is that, for some crazy reason, the smartest kids in the class have decided they like to hang out with me.

I’ve been asking my investor, founder and journalist friends what worries them about Apple, and I’ve been giving it a lot of thought myself. Here are the top six (valid) reasons I’ve compiled:

1. iPhone 7 announcement fell flat
2. Project Titan is anything but
3. The Underwhelming Watch
4. How is Apple MIA on VR & AR?
5. Machine Learning & AI
6. Jobs said he solved TV, but we can’t see it

iPhone 7

We wanted VR, we wanted a new form factor and Howard Stern wanted holographic phone calls. We got Samsung’s waterproofing from two years ago, a new color (or lack of color), a camera upgrade and they took our headphone jack. 

I’m actually excited about the camera upgrades, as I’ve got kids and I like taking pictures of food, but I know that I’m in the minority of people who will upgrade a 12-24 month-old phone just to take slightly better pictures.

Those of us who drop our phones into the toilet, or who spend too much time emailing in the hot tub, will certainly appreciate the waterproofing. I’ve started to see friends making videos underwater on the Cape with the Samsung waterproof smartphone and it’s cool, but the iPhone 7 is rated just under the Samsung in terms of water protection.

As an aside, it’s kind of cool that there is actually a rating system around “immersion protection,” with the iPhone 7 being resistant and the Samsung being able to operate underwater for 30 minutes (more).

Is this Apple’s shortcoming, or simply a sign that we’ve hit Peak Smartphone? Probably 50-50, and that’s a huge problem for Apple, either way.

More importantly, Android’s operating system continues to get tighter and easier to use, and don’t get me started on how much better Google’s Project Fi is than AT&T or Verizon’s offerings, providing a real reason to switch to Android: less carrier pain!

Apple really should make their own Project Fi, as the best part of Android is kicking out Verizon.

Project Titan

Reports are they’ve rebooted away from making their own car, and earlier this year we heard they couldn’t find a partner for the project (i.e., BMW or Mercedes). The car is the missing piece to the puzzle, and the facts that they can’t get a partner, and have decided to not release their own project is really sad — or it’s a diversionary tactic!

Seriously, it’s completely possible Apple is making the car and is doing a MASSIVE head fake to the industry by leaking that they will simply be a software provider.

The Underwhelming Watch

Everyone I know bought the watch and very few are still using it. They added GPS and made it swim proof in version 2.0, but that is basically a catch-up move. My Fitbit Surge lasts for a week on a charge and has had GPS for a couple of years.

Clearly Apple missed the mark with a timepiece and now realize they need to specialize and win over the athletes. I give them credit for that.

My prediction: The smartwatch is DOA until they can put a 4G connection into it and make it a standalone device. Imagine being able to call an Uber, check your email and make a phone call on your watch while leaving your phone at home — that’s compelling!

How is Apple MIA on VR & AR?

If any company should own the VR & AR space, it’s Apple, which has a massive App Store with loyal developers, sexy hardware and made-to-use chips that are exceptional at graphics. Yet, here we are, with Oculus being bought by Facebook and leading the pack along with…. HTC’s Vive. Samsung, Google, Sony and Microsoft have really compelling products in the market as well.

Heck, Snapchat is making some AR glasses as we speak, which I’m predicting will feature people’s Snapcodes above their heads while allowing you to “blink three times quickly” to publish the last seven seconds of your life.

Yep, Snapchat will release a “Life DVR” before Apple even announces something.

[ If you missed it, here is the video from the tiny startup they bought, and their public demo. ]

That’s seven major competitors out there getting it done and we don’t even have a rumor about an Apple product. Now, VR & AR are very new and there is no clear winner, so it is possible that Apple could come from behind — like they did in smartphones and tablets — and lap the competition. But given their recent track record, it is strange we’re not even hearing rumors.

Machine Learning and AI

Apple took forever to figure out the cloud and now it looks like the same pattern might be playing itself out again with machine learning and AI.

The sexy features in products we’ll be using in the coming years might not be measured in design and hardware specs, but rather in intelligence. Do you care about what the car looks like or the fact that it doesn’t let you get in a fender bender (or lets you sleep on the way to work)?

Will you care about the UX of your next email app and calendar, or the fact that it prioritizes your email perfectly, and finds the perfect cafe, time and people to invite to solve your latest business meeting needs?

All the good stuff coming will be based on machine learning and AI and that doesn’t play to Apple’s strength — but boy does it play to Google’s!

Jobs said he solved TV, but we can’t see it

Famously, Steve Jobs told Walt Mossberg that he had solved the TV issue, and that he was going to do an actual physical TV — not just the current hockey puck device called “Apple TV” that you plug into your Samsung TV. (The one that comes with a kickass Smarthub built in that does 90% of what Apple TV already does, and some things it refuses to do, like support Amazon Prime!)

There has been no word on a physical TV in a long, long time, and Apple can’t seem to figure out how to do a skinny bundle for an OTT (over the top) service.

The Big Question People Aren’t Asking Publicly — Yet

It’s super annoying when folks say “Steve Jobs would have gotten this done” and “Jobs would never have stood for this,” but the reason folks say it is because Jobs was that good at getting the final 10% or 20% out of product — and Apple.

Without Steve, Apple seems to be getting by just fine, but these six red flags are leading folks to believe that maybe, just maybe, it’s time to start thinking about putting a visionary product person in the top seat and having Cook move back to the more natural position of COO.

Tim Cook has kept the ship tight at Apple, but there is a growing sense among the most elite and informed people I talk to that someone with a bold product — or corporate M&A — vision needs to take over.

Founder authority, which is driving Tesla, Google, Netflix, Uber, Amazon and Facebook to dizzying heights of audacious innovation, is what’s missing at Apple today. Cook has managed the transition exceptionally when you look at the stunning balance sheet, but someone has to step into the driver’s seat and prepare Apple to compete with Elon, Larry, Reed, Travis, Jeff and Mark — who are just getting started.

In my follow-up piece, I’ll outline “the Path to a Trillion,” but for now, what do you think are the biggest threats to Apple out of those six? Are there any other issues that belong in the top six?

All the best, @jason

PS – I’m writing this on my iMac Retina, while my iPhone 6s and iPad Pro charge on the desk, but I’m wearing a Fitbit Surge and have my Nexus 6 in my pocket. I just bought my first Windows machine in years to power my Oculus headset. I’m 80% Apple, 20% other right now — and the Apple part is shrinking fast.  

PPS – Our next event will feature speed dating with the 100 founders who are the most ready for their Series A, pitching to the 50 top investors in the world. You get 10 minutes to quickly meet, so this is super efficient for everyone. Founders and investors apply here.

 

Scale v4.0

Founders, friends & investors,

On November 14-15 we will invite 2,000 of you to join us for the 4th edition of our SCALE conference.

The SCALE conference has two tracks featuring 26 speakers each, and we focus on the two most important aspects of running a startup:

1. Growth
2. Raising Money

This year we are also introducing “Founder | Investor: Speed Dating,” which will be 12-minute sessions between the 100 startups we’ve determined are the “most likely to scale” in the next 18 months and the 50 investors we think are the most active and helpful in the industry (both VCs & angels). Founders & investors apply for speed dating here.

There are seven ways you can participate in the event:

1. FREE TICKETS FOR FOUNDERS: Founders can come for free by clicking to tweet this message (limited to the first 1,000 folks): http://ctt.ec/lt362

2. Buy a Summit ticket for $295, which includes lunch & downloadable copies of all the videos from the event for your team. launchscale.net/tickets

 3. Buy a VIP ticket for $995, which includes lunch, videos of all the talks, and a seat at the two intimate dinners. launchscale.net/tickets

4. If you build a tool or provide a service for startups and/or investors, you can present your tool for 10 minutes on stage in exchange for helping support the event as a partner. Email partners@launch.co

5. You can nominate someone (including yourself) to be part of the SCALE 100 speed-dating program, which is limited to 100 founders. In order to be in the SCALE 100 you need to have a product in market that has traction but that has NOT raised Series A. The goal of speed dating is to introduce the “up and coming” startups that are getting ready for their series A in the next 3-18 months. If your startup is pre-traction, you should apply to present at the LAUNCH Festival (announcement coming October 1st). Nominate your start-up

 6. We have 10 (unpaid) speaking slots left for founders or investors. If you would like to talk at this event the best way is to pitch us on a talk with the format of “How I built COMPANY NAME from X to Z, and from A to F, doing these three things.” Every talk at SCALE is designed to be massively helpful in either growing your company or helping you raise capital.

7. We have eight paid speaking slots with demo tables for partners who are looking to demo their products or services to the audience. Email partners@launch.co if interested.

WHY OUR EVENTS HAVE THE BEST CONTENT

All of our speakers must rehearse their talks at least one time with me and my team. We give candid feedback and rank the talks before you see them. We do not allow anyone on stage who doesn’t score an 8.5 of 10 on our internal scoring system. Additionally, we ask all of our attendees to rank each speaker and we send those rankings to the speakers, along with your comments. We invite the speakers who are in the top 1/3rd to speak again the next year.

All the best, @jason

PS – Featured talks are listed below. Four stars indicate that this was a top-rated speaker at one of our previous events.

****Scaling Z2: The Next Generation of Zenefits, David Sacks, Zenefits

How Casper Revolutionized Sleep & Became a $100m Company in Less than Two Years, Philip Krim, Casper

****The Super, Way Early Indicators For Hyper-Growth SaaS Companies, Jason Lemkin, SaaStr

How to Increase Conversion 30% & Retention 35% by Giving Away Your Product, Amanda Richardson, Hotel Tonight

****How to Make Your Product Viral in 5 Easy Ways, Josh Elman, Greylock

Locking Down Series A: How to Know When You Have Product-Market Fit, Satya Patel, Homebrew

Winning With Data: How to Create & Scale a Data-Driven Company, Tomasz Tunguz, Redpoint

****A Step-by-Step Practical Guide to Getting Your Series B, Jed Katz, Javelin Venture Partners

10 Lessons From Scaling Pinterest & The Hierarchy of Engagement, Sarah Tavel, Greylock

****Stay Scrappy: How to Double Your Runway by Leveraging Co-working Spaces & Shared Resources, Paul Judge, Tech Square Labs

Take the Red Pill: The Billion-Dollar Opportunities Now Emerging for Businesses that Combine Software with Real-World Operations, Glenn Kelman, Redfin

****Beyond Fundraising: Building Trust With Your Investors to Ensure Profitability, Clara Brenner, Urban Innovation Fund

****Launching a New Market: Hacks & Guerilla Tips to Gain Attention in a New Geography, Sonny Mayugba, Requested

****Think Outside the Digital Box: Promotions in the Physical Realm, Aaron Magness, Betabrand

Leveraging Data to Maximize New Client Acquisition, Retention & Monetization, Melody McCloskey, StyleSeat

Every VC Thinks They’re a BizDev Rock Star: How to Really Leverage Them & Their Network, John Heltzel, Los Altos Advisors

Want Real Disruption, Have a Real Mission: 10 Ways to Scale by Strengthening Your Purpose, James Siminoff, Ring

Out of Office, On the Clock: Scaling with Remote Talent, Brian Alvey, Clipisode

****Why Attribution Modeling is Critical to B2B Startups & How You Can Master it in Under 60 Days, Andy Artz, Social Capital

****Beyond Sand Hill Road: Finding Great Investors Outside of Silicon Valley, Jonathon Triest, Ludlow Ventures

****After the Chicken-and-Egg Problem: How to Scale a Marketplace, Abigail Keifer, RedClay

Moneyball: How to Optimize Paid Acquisition via Segmentation & Landing Pages, Edgar Blazona, BenchMade Modern

****Don’t Take NO for an Answer: Creating AMP (Angel Market Pressure), James Heller, Wrapify

****Why you should NEVER Scale With Negative Unit Economics & How You Can Turn it Around, Jason Demant, Bento

****You Make What You Measure: Why Good Metrics are Critical to Good Growth, Kyle Hill, HomeHero

How to Scale Your Startup By Selling to the Government, Stonly Baptiste, Urban Us

****Zero to 60: Lessons in Building an Org Chart from Scratch, Adam Nash, Wealthfront

How to Land Customers, Employees and Investors Through Social Impact, Shaun Abrahamson, Urban Us

The Power of NPS & Relentless “Delightification,” Jill Bourque, RushTix

****How to Get 100,000 Users for Your Bot in 100 Days, Adelyn Zhou, TopBots

Delivering Delight: Why Customer Satisfaction is Everything & How to Achieve It, David Hassell, 15Five

How to Hack Your Hiring Process: Recruiting Top Talent as a Startup with Limited Capital, Andrew Farah, Density

Top 10 Rules for Customer Success, Mei Siauw, LeadIQ

****The Power of Customer Engagement: Leveraging Feedback Loops to Unlock More Revenue from Clients, Craig Zingerline, Votion

Evolving Twitter, A message from our CEO

Twitter is an exceptionally important platform, but it’s struggling massively in the past couple of years because it can’t figure out how to be an open, anonymous platform, while controlling harassment.

[ Click to Tweet (can edit before sending): http://ctt.ec/kVdC0 ]

It’s kind of embarrassing that Twitter can’t figure this out on their own, so I figured I would redesign the product and write the memo to the user base for their CEO Jack.

You’re welcome! @jason Calacanis

twitter verified [A troll-free twitter is coming. Image by @paljasma]

Evolving Twitter, A message from our CEO

By @Jack, January 1st, 2017

On behalf of the Twitter team I’d like to wish you a happy new year and thank you for not only using our service, but for passionately sharing with us how you would like to see it evolve with the hashtag #twitter2017.

Today we’re taking a major step in the evolution of Twitter by rolling out verified accounts to all of our users. Verification isn’t a perfect process, and it will take a year to give our most active users the blue check mark, but we think it will be worth it because people will have to “own their words.”

Continue reading Evolving Twitter, A message from our CEO

Splashy Cashy: Deep Stack M&A in Silicon Valley

[ Disclaimer: This piece is pure speculation on my part, with just a little input from folks who voted on and responded to this tweet storm. I obviously haven’t spoken to the founders of any of these companies, nor would they tell me if they were considering selling (obviously). ]

If you’ve ever played poker you know that a player’s ‘stack size’ — the value of the chips they have in front of them — can deeply impact their behavior in a hand.

[ Click to Tweet (can edit before sending): http://ctt.ec/0Z7xR ]

When playing poker at the $1-$2 game, where the bet sizes are very small, you’re going to play differently depending on if you have $5,000 or $50 in front of you.

Every hand matters when you’re short stacked, but very few hands are material when you’re deep stacked, as you have the luxury of playing a lot of hands or waiting on the sidelines.

Tech companies that are wildly deep-stacked right now:

1. Apple $200b+ in cash/equivalents, $593B valuation
2. Google $75b+ in cash/equivalents, $551B valuation
3. Amazon $16b+ in cash/equivalents, $366B valuation
4. Facebook $23b+ in cash/equivalents, $362B valuation
5. Microsoft $105b+ in cash/equivalents, $457B valuation
6. Cisco $60b+ in cash/equivalents, $157B valuation

Those six companies have $470b+ in cash/equivalents and $2.5t in market cap.

Zuckerberg has been the master of acquisitions in the past couple of years, having the audacity to pay $22b for WhatsApp and $2b for a *pre-customer* Oculus. Think about that for a moment. Zuck paid $2b for a company without a market, and that may take a decade to have 100m users — if that ever happens!

And look what just happened. Unilever, GM and Walmart just sat down at the big game and shot the locks off their wallets:

1. Unilever bought Dollar Shave Club for $1b
2. GM bought Cruise for a rumored $1b+
3. Walmart is buying Jet.com for $3b
4. Verizon is buying Yahoo for $4.83b

… and let’s not forget that Bob Iger is absolutely the greatest acquirer in the business, with Disney buying Star Wars, Marvel & Pixar for a paltry $15.45b — combined! He also bought MAKER, which was probably worth the $500m for the education.

Continue reading Splashy Cashy: Deep Stack M&A in Silicon Valley

Inside Drones

Friends,

Today we’re thrilled to be launching yet another awesome newsletter: Inside Drones.

If you think this is interesting, here are a couple of things you can do:

  1. Head over to Product Hunt and look for Inside Drones, and leave a comment (I’m doing a Q&A right now)   

  2. Subscribe: drones.inside.com

  3. Forward to a friend who cares about drones.

  4. Click to tweet a subscribe button (can edit before sending)

Drones continue to shift industries from film and photography to farming and urban development. They are advancing in quality, speed, and price at staggering rates, and the innovation doesn’t appear to be slowing down.

We’re committing a substantial amount of our editorial efforts each week to understanding this industry and the communities that are growing around it, and to delivering all the news that technologists, investors, enthusiasts, and pilots are looking for.

We’ve been iterating on it in private beta with a group of 50 drone experts and founders in the space, and have dialed in an editorial angle/process that we think you’ll find compelling.

As always, leave a comment and let us know what you think. – @jason

Introducing Inside Security

inside security twitter card-01

Today we’re launching our latest newsletter. This one requires a paid subscription, but if you sign up now we’re offering the first year for free: Inside Security

The newsletter is curated and written by David Strom, a veteran reporter who has covered network security, cybersecurity, and infosec for decades. These issues have always been important, but as more and more of our lives and society’s infrastructure moves online, security is going to be increasingly important. We’ll keep you informed.

If you’re a CIO, CSO, or anyone who works professionally in security, then this is a no-brainer. But anyone who works in technology or just wants to know a bit more about the security of their devices could benefit greatly from this newsletter.

We’ve been iterating on it in private beta with a group of 50 security experts, and have dialed in an editorial angle/process that we think you’ll find compelling.

Four asks:

  1. Head over to Product Hunt and look for Inside Security, and leave a comment or show your support (I’m doing a Q&A right now)   
  2. Subscribe: security.inside.com/freeyear
  3. Forward to a friend who works in/cares about infosec and cybersecurity.
  4. Click to tweet to give your friends a free year of Inside Security (can edit before sending)


As always, post a comment and let us know what you think. – @jason

My AngelList Syndicate just hit 1,000 investors!

Screen Shot 2016-06-27 at 1.44.33 PM Screen Shot 2016-06-27 at 1.44.28 PM Screen Shot 2016-06-27 at 1.44.25 PM

I’ve been writing about the revolution in angel syndicates and crowdfunding for years now, and moments ago my syndicate (currently on AngelList) just hit 1,000 members.

As I wrote recently, we are the most active syndicate in the history of syndicates, with over 50 deals and a lot more in the pipeline.

For now, I just wanted to say thank you to Naval and the AngelList team for giving us our start! If you’re interested in angel investing, and you’re an accredited investor, I highly recommend joining AngelList.

If you want to discuss angel investing (even if not accredited), go ahead and sign up for jasonssyndicate.com, which is just content at the moment — but who knows, that might change some day! 🙂

Introducing Inside VR & AR

Today we’re launching our latest newsletter: Inside VR & AR.

As you might have guessed, it’s just like the Launch Ticker (i.e. highly curated, in-depth, no bs) except it’s focused on news related to virtual/augmented reality.

If you’re an investor, work in media or in technology and want to know what’s happening with VR/AR, or you’re a VR/AR enthusiast – we think you’ll like this newsletter. We’ve been iterating on it in private beta with a group of 50 investors and founders who operate in the virtual and/or augmented reality space, and have dialed in an editorial angle/process that we think will resonate with you.

Four asks:

  1. Head over to Product Hunt and look for Inside VR/AR, and leave a comment or show your support (I’m doing a Q&A right now)   
  2. Subscribe: vrar.inside.com
  3. Forward to friends who are interested in VR/AR!
  4. Click to tweet a one-click subscribe card for Inside VR & AR (can edit before sending)

As always, post a comment and let us know what you think. – @jason

Some thoughts on gun violence from a gun owner

Originally published in the Inside Daily Brief

I’m a gun owner, which might (or might not) come as a surprise to some of you who’ve seen me talk about gun control on social media from time to time. Of course, I talk about personal freedom a whole lot too, which I think makes me a model of how most Americans feel about guns, which is pragmatic and depressed.

There is no question we have a gun violence problem in the United States, as this weekend’s tragically record-setting mass killing in Orlando demonstrates (not to mention the murder of YouTube personality Christina Grimmie less than 24 hours earlier.) There are clearly differences between all of these horrible shootings, but you wouldn’t know that from how each side of the argument uses them to push their extreme agendas of “no guns” or “no limits on guns.”

We’ll see what the investigation in Orlando turns up, but these stories tend to triangulate around mental illness, easy access to powerful weapons and “lone wolf” terrorism. This time, we’ve also got to contend with the loathsome hate crime aspect of the senseless murder of over 50 people.

Lone wolves feel distraught, that the system has screwed them over and that they have nothing to live for, and suddenly an opportunistic radical group — or the voices in their head — leverage that isolation to achieve even more sinister goals. They’re very hard to deal with and impossible to solve for completely.

Gun control feels like our most challenging issue as a country, as our founding charter was designed to be difficult to change. Attempts to abolish the Second Amendment, in some ways, feels to patriotic Americans as evidence for why the Amendment exists — as a bulwark against unchecked government power.

Of course, the Founding Fathers didn’t give us many details about how easy it should be to get firearms, if criminals should have them, what the waiting period should be, or if you should be able to buy, say, a grenade launcher! Thanks, guys!

Perhaps the stalemate we’re in is exactly what our forefathers intended, a rough and tumble battle that makes us fight for every inch of progress or maintaining the status quo. Or perhaps the Founding Fathers didn’t anticipate that technology would exist allowing one armed individual to savagely murder over 50 people in just minutes. (How could they, in a time when the average gun took a couple of minutes to reload and the accuracy wasn’t particularly precise?)

So, here we are, a polarized country dealing with extremist groups, deadly weaponry that’s absurdly easy to obtain, a mental-illness crisis and a (largely) link-baiting media corp that makes their bones by soaking up page views and ratings when people die in random attacks.

There’s a solution to this, but only if we can assure the gun-owning public (around 33% of US adults) that the Left isn’t driving toward a gun-free society, with incremental controls as a pathway to complete abolition of gun ownership.

The reasonable compromise seems like requiring insurance based on how deadly a weapon is, combined with background checks and licensing, just like how we deal with cars. Of course, this can never happen if the Left insists on “no guns!” and the Right insists on “no limits on guns!”

In my plan, a revolver might cost, say, $100 to insure every year — about 1/3rd of the cost of the gun. A more powerful handgun with a larger magazine might be $250, while assault style riffle would be $1,000 a year.

The time to get a licenses would increase as well. Just as a standard driver’s license might take a week or two of effort, but the license to drive a big-rig might take weeks or months of training. If you want to buy an assault riffle, be prepared for a certification course and insurance, which would provide ample time for law enforcement — and the insurance companies — to red flag bad actors.

Right now, the time, cost and paperwork between wanting to pull off a mass shooting and getting powerful weapons to enact those plans is minutes. In my model, it would take months — and it should take that long if we’re going to allow them.

Now, a gun-free society would just be wonderful, unless you’re some conspiracy theorist who believes that a random individual, once thought to be unelectable, figures out how to hack the political system and take office, and then dismantle our democracy, starting with journalists, while blaming the poorest and defenseless among us. In that case, well, you might really appreciate the spirit of the Second Amendment.

What a depressing mess.

What do you think, is there a solution? Could we ever get both sides to the middle? Are you in the middle or on the left or right — and why?

Originally published in the Inside Daily Brief – subscribe to get all the best news in your inbox.

The Stunning and Expected End of Gawker

Originally published in the Inside Daily Brief

Nick Denton’s incendiary publishing empire, Gawker Media, collapsed under the weight of his excessively cruel and cutting philosophy today, an outcome many predicted, but that Denton miraculously dodged for a decade, as subjects chose to thicken their skin rather than get into protracted and destructive litigation, until Peter Thiel anonymously bankrolled them.

Gawker’s demise is an Rorschach test for the intelligencer, with journalists, billionaires, publishers and pundits all being forced to decide which aspects of Denton’s business to focus on, reconciling the loathsome (or socially just) outing of gay men, the hilarious (or illegal) tweaking of powerful media manipulator Steve Jobs by buying a stolen iPhone and the invasion of privacy of celebrities by publishing their sex tapes.

That last one, which landed a $140m bomb on Gawker, is impossible for anyone to defend, as was the outing of closeted gay man (and a non “public figure”) being shaken down by an escort (a story Denton had taken down), except by the staunchest of free speech advocates, who fall back on the “I wouldn’t publish it, but have to defend ugly free speech to keep whistleblowers protected.”

This is the crux of the entire donnybrook: where is the line between your freedom of speech and my right to privacy. If we asked 1,000 journalist if they would publish a stolen sex tape I think we all know how they would answer that question. If you asked 1,000 civilians if stolen sex tapes should be published I think we would get a similar response.

In fact, Gawker has employed countless very talented writers, who have broken dozens of important stories, and I’m guessing most of them would never publish a sex tape.

However, just as Gawker judged their subjects on their worst moments, they to are being taken down by their worst, bone-headed decisions.

In fact, the entire downfall of Gawker revolves around the outing of a gay man by a gay journalist working for a gay publisher, at a moment in time when being gay was something that would, sadly, often result in you having dramatically less professional opportunity. A time when Tim Cook and Anderson Cooper were in the closet, and when society might not have accepted their ascension to becoming the top anchorman and CEO in the world.

Gawker’s downfall has as much (or more) to do with our society’s bigotry against gay men as it does free speech. If Peter felt safe enough to run a hedge fund as a gay man (not an easy thing to do if you want money from, say, Saudi Arabia, where being openly gay could result in imprisonment, flogging or death), or if Denton and some portion of his writers, didn’t have the goal of putting gay men for some combination of page views and, I assume, to social change, none of us would have been dragged into their all-consuming group Rorschach test.

People are not all good or all bad, and Denton and Thiel are both unique, driven individuals who I know fairly well (I’ve traded emails with both in the past month), and who I see as hurt individuals now in the final act of a brutal drama of Denton’s creation.

Nick would do things differently if he could turn back the clock, and before a jury nailed him for his mistakes, so this bankruptcy is his Penance.

Gawker was worth $300,000,000 before this and I heard Denton owned 75% of the company. My guess is the company will sell for $100M, pay off creditors for the majority of that money, leaving Denton with A whopping twenty million dollars — a fraction of the $225m he would have made.

Peter Thiel will have spent $10-20m supporting these lawsuits, and get paid back all of that from the Hulk Hogan settlement, an inconsequential amount of money for someone with billions.

The whole episode will have no impact on any other publisher you know and Peter will never launch another volley of anonymous lawsuit against a publisher again.

At the end of the day we can agree that:

  1. We all want a free, vibrant press.
  2. We don’t want billionaires suing publications into oblivion because they are personally wronged.
  3. We don’t want journalists publishing people’s sex tapes, libeling them or otherwise invading people’s privacy.
  4. We want all journalists to subscribe to basic ethical concepts(i.e. fact checking, getting comments from subjects before publishing, getting multiple sources before publishing).

There is no big lesson here for journalists or publishers outside of “don’t publish stolen sex tapes.” If you follow the basic rules of the road you will should be fine. This Whole mess is an isolated, bizarre battle of will at a moment in time that doesn’t indicate on a larger or sustained trend.

Everyone back to work.

 

Introducing Inside Tesla

Today we’re launching our second newsletter: Inside Tesla. As you might have guessed, it’s just like the Launch Ticker (i.e. highly curated, in-depth, no bullshit) except it’s focused on news related to Tesla Motors.

If you own a Tesla, covet a Tesla Model 3, own shares in $TSLA or are an Elon Musk fanboy, you’re going to love it. If you like burning fossil fuels, destroying the environment, risking the future of planet earth and you don’t want to live on Mars some day, just close this tab. 🙂

Four quick asks:

  1. Head over to Product Hunt and look for Inside Tesla and join the discussion
  2. Subscribe: tesla.inside.com
  3. Send this post to a friend who owns a Tesla!
  4. Click to tweet a one-click subscribe card for Inside Tesla (can edit before sending)

As always, post a comment and let us know what you think.