Ahead of Dell’s spin out, VMware appoints longtime exec Raghu Raghuram as its new CEO

Five months after it was announced that Pal Gelsinger would be stepping down as CEO of VMware to take the top job at Intel, the virtualization giant has finally appointed a permanent successor. Raghu Raghuram — a longtime employee of the company — has been appointed the new CEO. He will be taking on the new role on June 1. Until then, CFO Zane Rowe will continue in the role in the interim.

Raghuram has been with the company for 17 years in a variety of roles, most recently COO of products and cloud services. He’s also held positions at the company overseeing areas like datacenters and VMware’s server business. Putting a veteran in at the helm sends a clear message that VMware has picked someone clearly dedicated to the company and its culture. No drama here.

Indeed, the move is coming at a time when there is already a lot of other change underway and speaks to the company looking for stability and continuity to lead it through that. About a month ago, Dell confirmed long-anticipated news that it would be spinning out its stake in VMware in a deal that’s expected to bring Dell at least $9 billion — putting to an end a financial partnership that initially kicked off with an eye-watering acquisition of EMC in 2016. That partnership will not end the strategic relationship, however, which is set to continue and now Raghuram will be in charge of building and leading.

For that reason, you might look at this as a deal nodded through significantly by Dell.

“I am thrilled to have Raghu step into the role of CEO at VMware. Throughout his career, he has led with integrity and conviction, playing an instrumental role in the success of VMware,” said Michael Dell, chairman of the VMware Board of Directors, in a statement. “Raghu is now in position to architect VMware’s future, helping customers and partners accelerate their digital businesses in this multi-cloud world.”

Raghuram has not only been the person overseeing some of VMware’s biggest divisions and newer areas like software-defined networking and cloud computing, but he’s had a central role in building and driving strategy for the company’s core virtualization business, been involved with M&A and, as VMware points out, “key in driving partnerships with Dell Technologies,” among other partners.

“VMware is uniquely poised to lead the multi-cloud computing era with an end-to-end software platform spanning clouds, the data center and the edge, helping to accelerate our customers’ digital transformations,” said Raghuram in a statement. “I am honored, humbled and excited to have been chosen to lead this company to a new phase of growth. We have enormous opportunity, we have the right solutions, the right team, and we will continue to execute with focus, passion, and agility.”

The company also took the moment to update on guidance for its Q1 results, which will be coming out on May 27. Revenues are expected to come in at $2.994 billion, up 9.5% versus the same quarter a year ago. Subscription and SaaS and license revenue, meanwhile, is expected to be $1.387 billion, up 12.5%. GAAP net income per diluted share is expected to be $1.01 per diluted share, and non-GAAP net income per diluted share is expected to be $1.76 per diluted share, it said.

#dell, #enterprise, #personnel, #talent, #tc, #virtualization, #vmware

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Severe vulnerabilities in Dell firmware update driver found and fixed

A computer screen filled with numbers is interrupted by a rudimentary image of a padlock.

Enlarge / At least three companies have reported the dbutil_2_3.sys security problems to Dell over the past two years. (credit: Blogtrepreneur / Flickr)

Yesterday, infosec research firm SentinelLabs revealed 12-year-old flaws in Dell’s firmware updater, DBUtil 2.3. The vulnerable firmware updater has been installed by default on hundreds of millions of Dell systems since 2009.

The five high-severity flaws SentinelLabs discovered and reported to Dell lurk in the dbutil_2_3.sys module, and they have been rounded up under a single CVE tracking number, CVE-2021-21551. There are two memory-corruption issues and two lack of input validation issues, all of which can lead to local privilege escalation and a code logic issue which could lead to a denial of service.

A hypothetical attacker abusing these vulnerabilities can escalate the privileges of another process or bypass security controls to write directly to system storage. This offers multiple routes to the ultimate goal of local kernel-level access—a step even higher than Administrator or “root” access—to the entire system.

Read 3 remaining paragraphs | Comments

#biz-it, #dell, #firmware-update, #infosec, #patch, #tech, #update

0

Equity Monday: TechCrunch goes Yahoo while welding robots raise $56M

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.

This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here.

This morning was a notable one in the life of TechCrunch the publication, as our parent company’s parent company decided to sell our parent company to a different parent company. And now we’re to have to get new corporate IDs, again, as it appears that our new parent company’s parent company wants to rebrand our parent company. As Yahoo.

Cool.

Anyway, a bunch of other stuff happened as well:

We’re back Wednesday with something special. Chat then!

Equity drops every Monday at 7:00 a.m. PST, Wednesday, and Friday at 6:00 AM PST, so subscribe to us on Apple PodcastsOvercastSpotify and all the casts!

#apollo, #china, #cloud, #dell, #earnings, #equity-podcast, #flywire, #fundings-exits, #lyft, #path-robotics, #paypal, #square, #startups, #uber, #verizon, #wealthsimple, #yahoo

0

Dell dumps another big asset moving Boomi to Francisco Partners and TPG for $4B

It’s widely known that Dell has a debt problem left over from its massive acquisition of EMC in 2016, and it seems to be moving this year to eliminate part of it in multi-billion chunks. The first step was spinning out VMware as a separate company last month, a move expected to net close to $10 billion.

The second, long expected, finally dropped last night when the company announced it was selling Boomi to a couple of private equity firms for $4 billion. Francisco Partners is joining forces with TPG to make the deal to buy the integration platform.

Boomi is not unlike Mulesoft, a company that Salesforce purchased in 2018 for $6.5 billion, although a bit longer in tooth. They both help companies with integration problems by creating connections between disparate systems. With so many pieces in place from various acquisitions over the years, it seems like a highly useful asset for Dell to help pull these pieces together and make them work, but the cash is trumping that need.

Providing integration services is a growing requirement as companies look for ways to make better use of data locked in siloed systems. Boomi could help and that’s one of the primary reasons for the acquisition, according to Francisco executives.

“The ability to integrate and connect data and workflows across any combination of applications or domains is a critical business capability, and we strongly believe that Boomi is well positioned to help companies of all sizes turn data into their most valuable asset,” Francisco CEO Dipanjan Deb and partner Brian Decker said in a statement.

As you would expect, Boomi’s CEO Chris McNabb put a positive spin on the deal about how his new bosses were going to fuel growth for his company. “By partnering with two tier-one investment firms like Francisco Partners and TPG, we can accelerate our ability for our customers to use data to drive competitive advantage. In this next phase of growth, Boomi will be in a position of strength to further advance our innovation and market trajectory while delivering even more value to our customers,” McNabb said in a statement.

All of this may have some truth to it, but the company goes from being part of a large amorphous corporation to getting absorbed in the machinery of two private equity firms. What happens next is hard to say.

The company was founded in 2000, and sold to Dell in 2010. Today, it has 15,000 customer, but Dell’s debt has been well documented, and when you string together a couple of multi-billion deals as Dell has recently, pretty soon you’re talking real money. While the company has not stated it will explicitly use the proceeds of this deal to pay off debt as it did with the VMware announcement, it stands to reason that this will be the case.

The deal is expected to close later this year, although it will have to pass the typical regulatory scrutiny prior to that.

#boomi, #cloud, #dell, #enterprise, #francisco-partners, #integration, #ma, #mergers-and-acquisitions, #private-equity, #tc, #tpg

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What the MasterClass effect means for edtech

MasterClass, which sells a subscription to celebrity-taught classes, sits on the cusp of entertainment and education. It offers virtual, yet aspirational learning: an online tennis class with Serena Williams, a cooking session with Gordon Ramsay. While there’s the off chance that an instructor might actually talk to you — it has happened before — the platform mostly just offers paywalled documentary-style content.

The vision has received attention. MasterClass is raising funding that would value it at $2.5 billion, as scooped by Axios and confirmed independently by a source to TechCrunch. But while MasterClass has found a sweet spot, can the success be replicated?

Investors certainly think so. Outlier, founded by MasterClass’ co-founder, closed a $30 million Series C this week, for affordable, digital college courses. The similarities between Outlier and its founder’s alma mater aren’t subtle: It’s literally trying to apply MasterClass’ high-quality videography to college classes. This comes a week after I wrote about a “MasterClass for Chess lovers” platform launched by former Chess World Champion Garry Kasparov.

Two back-to-back MasterClass copycats raising millions in venture capital makes me think about if the model can truly be verticalized and focused down into specific niches. After 2020 and the rise of Zoom University, we know edtech needs to be more engaging, but we don’t know the exact way to get there. Is it by creating micro-learning communities around shared loves? Is it about gamification? Aspirational learning has different incentives than for-credit learning. In order to be successful, Outlier needs to prove to universities it can use MasterClass magic for true outcomes that rival in-person lectures. It’s a harder, and more ambtious promise.

My riff aside, I turned to two edtech founders to understand how they see the MasterClass effect panning out, and to cross-check my gut reaction.

Taylor Nieman, the founder of language learning startup Toucan:

Although I do love how these models try to lean into this theme of “invisible learning” like we leverage with Toucan, it faces the same issues as so many other consumer products that try to steal time out of people’s very busy days. Constantly competing for time leads to terrible engagement metrics and very high churn. That leads me to question what true learning outcomes could occur from little to no usage of the product itself.

Amanda DoAmaral, the founder of Fiveable, a learning platform for high school students:

Masterclass is important for showing us why educational content should be treated more like entertainment. All of our bars for content quality is much higher now than it ever was before and I’m excited to see how that affects learning across the board.

For students, it’s about creating environments that support them holistically and giving them space to collaborate openly. It feels so obvious that these spaces should exist for young people, but we’ve lost sight of what students actually need. At my school, we built policies that assumed the worst in students. I want to flip that. Assume the best, be proactive to keep them safe, and create ways to react when we need to.

Anyways, that’s just some nuance to chew on during this fine day. In the rest of this newsletter, we will focus a lot on tactical advice for founders, from the money they raise to the peacock dance they might want to do one day. Make sure to follow me on Twitter @nmasc_ so we can talk during the week, too!

The peacock dance

You know when male peacocks fan their feathers to court a lover? That, but for startups trying to get acquired. As one of our many rabbit holes on Equity this week, we talk about Discord walking away from a Microsoft deal, and if that deal ever existed in the first place or if it was just a way to drum up investor excitement in the audio gaming platform.

Here’s what to know: Discord is reportedly pursuing an IPO after walking away from talks with multiple companies that were looking to acquire the audio gaming giant.

Discord aside, the consolidation environment continues to be hot for some sectors.

Four business people used ropes to tighten their money bags, economic austerity, reduced income, economic crisis

Image Credits: VectorInspiration / Getty Images

Even venture capital knows that the future isn’t simply venture capital

Clearbanc, a Toronto-based fintech startup that gives non-dilutive financing to businesses, has rebranded alongside a $100 million financing that valued it at $2 billion. Now rebranded as Clearco, the startup wants to be more than just a capital provider, but a services provider, too.

Here’s what to know: The startup has been on a tear of product development for the past year, launching services such as valuation calculators or runway tools. It’s a step away from what Clearbanc originally flexed: the 20-minute term sheet and rapid-fire investment. I talk about some of the levers at play in my piece:

Many of Clearco’s newest products are still in their infancy, but the potential success of the startup could nearly be tied to the general growth of startups looking for alternatives to venture capital when financing their startups. Similar to how AngelList’s growth is neatly tied to the growth of emerging fund managers, Clearco’s growth is cleanly related to the growth of founders who see financing as beyond a seed check from Y Combinator.

abstract human brain made out of dollar bills isolated on white background

Abstract human brain made out of dollar bills isolated on white background. Image Credits: Iaremenko / Getty Images

Don’t market your opportunity away

Keeping on the theme of tactical advice for founders, let’s move onto talking about marketing. Tim Parkin, president of Parkin Consulting, explained how startup founders can use marketing as a tool to stand out in the noisy environment. Differentiation has never been harder, but also more imperative.

Here’s what to know: Parkin outlines four ways that martech will shift in 2021, strapped with anecdotes and a nod to the importance of investing in influencers.

Red ball on curved light blue paper, blue background. Image Credits: PM Images / Getty Images

Around TechCrunch

Your humble yet favorite startup podcast, Equity, got nominated for a Webby! Me and the team need your help to win, so please vote for us here. Your support means a ton.

This newsletter will always be free, but if you do want to support me, feel free to use code STARTUPSWEEKLY for 25% off a subscription to Extra Crunch.

Across the site

Seen on TechCrunch

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Seen on Extra Crunch

Dear Sophie: How can I get my startup off the ground and visit the US?

How to pivot your startup, save cash and maintain trust with investors and customers

How startups can ensure CCPA and GDPR compliance in 2021

As UiPath closes above its final private valuation, CFO Ashim Gupta discusses his company’s path to market

European VC soars in Q1

zoom glitch

Image Credits: TechCrunch

Thanks for reading along today and everyday. Sending love to my readers in India and everyone around the world that is facing yet another deadly surge of this horrible disease. I’m rooting for you.

N

#chess, #clearbanc, #clearco, #dell, #discord, #edtech, #education, #entertainment, #funding, #fundraising, #garry-kasparov, #masterclass, #microsoft, #outlier, #startups, #startups-weekly, #tc, #unicorn

0

Once VMware is free from Dell, who might fancy buying it?

TechCrunch has spilled much digital ink tracking the fate of VMware since it was brought to Dell’s orbit thanks to the latter company’s epic purchase of EMC in 2016 for $58 billion. That transaction saddled the well-known Texas tech company with heavy debts. Because the deal left VMware a public company, albeit one controlled by Dell, how it might be used to pay down some of its parent company’s arrears was a constant question.

Dell made its move earlier this week, agreeing to spin out VMware in exchange for a huge one-time dividend, a five-year commercial partnership agreement, lots of stock for existing Dell shareholders and Michael Dell retaining his role as chairman of its board.

So, where does the deal leave VMware in terms of independence, and in terms of Dell influence? Dell no longer will hold formal control over VMware as part of the deal, though its shareholders will retain a large stake in the virtualization giant. And with Michael Dell staying on VMware’s board, it will retain influence.

Here’s how VMware described it to shareholders in a presentation this week. The graphic shows that under the new agreement, VMware is no longer a subsidiary of Dell and will now be an independent company.

Chart showing before and after structure of Dell spinning out VMware. In the after scenario, VMware is an independent company.

Image Credits: VMware

But with VMware tipped to become independent once again, it could become something of a takeover target. When Dell controlled VMware thanks to majority ownership, a hostile takeover felt out of the question. Now, VMware is a more possible target to the right company with the right offer — provided that the Dell spinout works as planned.

Buying VMware would be an expensive effort, however. It’s worth around $67 billion today. Presuming a large premium would be needed to take this particular technology chess piece off the competitive board, it could cost $100 billion or more to snag VMware from the public markets.

So VMware will soon be more free to pursue a transaction that might be favorable to its shareholders — which will still include every Dell shareholder, because they are receiving stock in VMware as part of its spinout — without worrying about its parent company simply saying no.

#cloud, #dell, #dell-vmware-spinout, #ec-cloud-and-enterprise-infrastructure, #ec-news-analysis, #enterprise, #finance, #tc, #vmware

0

Extra Crunch roundup: UiPath’s IPO filing, predicting revenue, how to pivot properly, much more

This is not a boast, but a warning: I could write a how-to article on almost any topic.

Give me enough time to do some research, and I can put together a reliable step-by-step for building a custom gaming PC, installing a hot water heater or interpreting public health data. But since I’ve never actually done those things, I would encourage you to ignore any advice I have to offer.

Trusted advice comes from experience. That’s why Ron Miller interviewed three entrepreneurs who have each built multiple companies to uncover some essential truths about achieving product-market fit:

  • Pouyan Salehi, CEO and co-founder, Scratchpad
  • Rami Essaid, CEO and founder,  Finmark
  • Melonee Wise, CEO and co-founder, Fetch Robotics

The basic tenets presented in Ron’s story will resonate with anyone who’s launched a startup.

Alex Wilhelm was particularly prolific this morning: For The Exchange, he studied UiPath’s 2020 quarterly results to get a clearer picture of its first S-1/A filing. Is the “somewhat slack news regarding UiPath’s potential IPO valuation” a harbinger of things to come?


Full Extra Crunch articles are only available to members.
Use discount code ECFriday to save 20% off a one- or two-year subscription.


In a follow-up, he recapped news from the public debuts of Coinbase, UiPath, Zenvia, AppLovin and Grab, all of which “adds up to a somewhat muddled picture of the current IPO market.” It feels like we’re in a turbulent window, but it’s also possible that we’re in the calm after the storm, he suggests.

Final note: I asked TechCrunch graphic designer/illustrator Bryce Durbin to create an image to accompany this primer on raising a Series A round. He didn’t just exceed my expectations — it’s my favorite TechCrunch illustration ever. Thanks, Bryce!

I hope you got something out of reading Extra Crunch this week. Have a great weekend.

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

 

Building the right team for a billion-dollar startup

Image Credits: Bryce Durbin/TechCrunch

From building out Facebook’s first office in Austin to putting together most of Quora’s team, Bain Capital Ventures managing director Sarah Smith has done a bit of everything when it comes to hiring.

At TechCrunch Early Stage, she spoke about how to ensure the critical early hires are the right ones to grow a business. As an investor, Smith has a broad view into the problems companies face as they search for the right candidates to spur organizational success.

She touched on a number of issues, such as who to hire and when, when to fire and how to ensure diversity from the earliest days.

So you want to raise a Series A

"So you want to raise a Series A" pamphlet in the style of "The Simpsons"

Image Credits: Bryce Durbin/TechCrunch

During a seed-funding round, a founder needs to convince a venture capital investor on a vision. But during a Series A fundraise, napkin-stage ideas don’t make the cut — a founder needs product progress, numbers and revenue (or at least a plan to eventually generate some).

In many ways, the stakes are higher for a Series A — and Bucky Moore, a partner at Kleiner Perkins, joined TechCrunch Early Stage last week to give founders tactical advice on the process of raising one.

Moore spoke about storytelling over semantics, pricing and where his firm sees itself “raising the bar” for startups.

With the right tools, predicting startup revenue is possible

For a long time, “revenue” seemed to be a taboo word in the startup world. Fortunately, things have changed with the rise of SaaS and alternative funding sources such as revenue-based investing VCs.

Still, revenue modeling remains a challenge for founders. How do you predict earnings when you’re still figuring it out?

How we dodged risks and raised millions for our open-source machine learning startup

Image Credits: erhui1979 / Getty Images

If you have a great idea within the open-core framework, expect your risks to be much lower than with a traditional business structure.

Clearly communicate this fact to venture capitalists for the best chance at securing the seed funding your organization needs.

But it takes more: Boasting a strong community around an emerging open-source product essentially serves as an “introduction letter” to venture capitalists. It highlights the founders’ ability to successfully execute their vision, as well as the mission to bring their product to a commercial reality.

Additionally, the iterative nature of open-source projects leads to fostering a sense of teamwork between the founders, their team and investors and stakeholders.

Founder and investor Melissa Bradley outlines how to nail your virtual pitch meeting

Image Credits: Ureeka

Melissa Bradley is the co-founder of a startup called Ureeka, an investor at 1863 Ventures and a professor at Georgetown’s business school. So it’s not an understatement to say that she understands the fundraising process from every angle.

She both invested and fundraised for her own startup during this last year, where the landscape has shifted drastically. At TechCrunch Early Stage, she led a session on how to nail your virtual pitch meeting.

Bradley covered how to allocate your time during the meeting, how to prepare, how to close out the meetings with a clear list of action items and what to avoid.

Scale CEO Alex Wang and Accel’s Dan Levine explain why sometimes unconventional VC deals are best

Image Credits: Eric Millette / Scale AI

Scale CEO and co-founder Alex Wang credits its success since founding — which includes raising over $277 million and achieving breakeven status in terms of revenue — to early support from investors, including Accel’s Dan Levine.

Accel haș participated in four of Scale’s financing rounds, and Levine wrote one of the company’s very first checks. So on this past week’s episode of Extra Crunch Live, we spoke with Levine and Wang about how that first deal came together, and what their working relationship has been like in the years since.

 

Ride-hailing’s profitability promise is in its final countdown

Let’s parse Uber’s latest, vet its profit promise, consider its rivals and their performance, then ask ourselves if the great ride-hailing and food-delivery booms will ever make back the money they cost to scale.

 

UiPath’s first IPO pricing could be a warning to late-stage investors

Co-founder and CEO of UiPath Daniel Dines

Image Credits: Noam Galai/Getty Images

For UiPath, its initial IPO price interval is a disappointment, though the company could see an upward revision in its valuation before it does sell shares and begins to trade.

But more to the point, the company’s private-market valuation bump followed by a quick public-market correction stands out as a counter-example to something that we’ve seen so frequently in recent months.

Is UiPath’s first IPO price interval another indicator that the IPO market is cooling?

 

How to choose and deploy industry-specific AI models

Image of flow chart on a blackboard.

Image Credits: alexsl / Getty Images

As artificial intelligence becomes more advanced, previously cutting-edge — but generic — AI models are becoming commonplace, such as Google Cloud’s Vision AI or Amazon Rekognition.

While effective in some use cases, these solutions do not suit industry-specific needs right out of the box. Organizations that seek the most accurate results from their AI projects will simply have to turn to industry-specific models.

Any team looking to expand its AI capabilities should first apply its data and use cases to a generic model and assess the results.

Let’s dive into each of these approaches and how businesses can decide which one works for their distinct circumstances.

Atomico’s talent partners share 6 tips for early-stage people ops success

Photo of Talent Partners Caro Chayot and Dan Hynes

Image Credits: Atomico

In the earliest stages of building a startup, it can be hard to justify focusing on anything other than creating a great product or service and meeting the needs of customers or users.

However, there are still a number of surefire measures that any early-stage company can and should put in place to achieve “people ops” success as they begin scaling, according to venture capital firm Atomico‘s talent partners, Caro Chayot and Dan Hynes.

Long story short: You need to recruit for what you need, but you also need to think about what is coming down the line.

5 questions about Grab’s epic SPAC investor deck

grab 1

Image Credits: Roslan Rahman/Getty Images

Southeast Asian superapp Grab is going public via a SPAC.

Grab, which provides ride-hailing, payments and food delivery, will trade under the ticker symbol “GRAB” on the Nasdaq exchange when the combination is complete.

Let’s walk through several key points from Grab’s SPAC investor deck, including growth, segment profitability, aggregate costs and COVID-19, among other factors.

Expect an even hotter AI venture capital market in the wake of the Microsoft-Nuance deal

Microsoft’s huge purchase of health tech AI company Nuance led the technology news cycle this week. The $19.7 billion transaction is Microsoft’s second-largest to date, only beaten by its purchase of LinkedIn some years ago.

For the AI space, the sale is a coup. Nuance was already a public company, but to see Microsoft offer a firm premium over its public-market value demonstrates the value that AI technology can have to wealthy companies. For startups working in the AI space, the Nuance deal is good news; the value of AI revenue was repriced by the acquisition’s announcement — and for the better.

In light of the megadeal, The Exchange dug into the AI venture capital market. What’s happening on the startup side of the coin in the artificial intelligence and machine learning (AI/ML) space?

What’s fueling hydrogen tech?

market-maps-hydrogen-fuel-cell

Image Credits: Bryce Durbin

When the word “hydrogen” is uttered today, the average non-insider’s mind likely gravitates toward transportation — cars, buses, maybe trains or 18-wheelers, all powered by the gas.

But hydrogen is, and does, a lot of things, and a better understanding of its other roles — and challenges within those roles — is necessary to its success in transportation.

Hydrogen is now capturing the attention of governments and private sector players, fueled by new tech, global green energy legislation and post-pandemic “green recovery” schemes.

5 product lessons to learn before you write a line of code

Rearview shot of a young businesswoman having a brainstorming session in a modern office

Image Credits: LaylaBird / Getty Images

Before a startup can achieve product-market fit, founders must first listen to their customers, build what they require and fashion a business plan that makes the whole enterprise worthwhile.

The numbers will tell the true story, but when it happens, you’ll feel it in your bones because sales will be good, customers will be happy and revenue will be growing.

Reaching that tipping point can be a slog, especially for first-time founders. To uncover some basic truths about building products, we spoke to three entrepreneurs who have each built more than one company.

Inside the US’ epic first-quarter venture capital results

In broad strokes, the United States had a crushing venture capital start to the new year, pandemic be damned.

That is especially true when we consider 2020’s full-year figures. Last year, venture capitalists deployed some $166 billion into U.S.-based startups across 12,546 rounds. In contrast, if the first quarter’s pace was maintained during the rest of 2021, the United States would see around 16,000 rounds worth around $280 billion.

Of course, we cannot see the future, so those projections are merely shared to underscore how active the first quarter proved to be.

Dear Sophie: How can I get an H-1B without the lottery?

lone figure at entrance to maze hedge that has an American flag at the center

Image Credits: Bryce Durbin/TechCrunch

Dear Sophie:

For the past few years, our company has put very promising candidates into the annual H-1B lottery. None of them have been selected — and none of them meet the requirements for other work visas like an O-1A.

We lost out again in this year’s H-1B lottery. Are there any other ways we can obtain H-1Bs for our team members?

— Soldiering on in Sunnyvale

 

Alexa von Tobel outlines how founders should manage personal finances

Alexa von Tobel

Image Credits: Alexa von Tobel

Few people are more knowledgeable on the topic of how founders should manage their finances than Alexa von Tobel.

She is a certified financial planner, started her own company in the midst of the recession (which happened to be a wildly successful personal finance startup that sold for hundreds of millions of dollars) and is now a VC who invests and advises founders.

At Early Stage 2021, she gave a presentation on how founders should think about managing their own wealth. Startup founders can often put all their money into their venture and end up paying more attention to the finances of their company than their own bank account.

Von Tobel outlined the various steps you can take to stay out of debt, build credit and accumulate wealth through investments to ensure you have financial peace of mind as you take on the most stressful venture of your life: Starting a company.

How to pivot your startup, save cash and maintain trust with investors and customers

Olive CEO Sean Lane

Image Credits: Olive

A few years ago, founder Sean Lane thought he’d achieved product-market fit.

Speaking to attendees at TechCrunch’s Early Stage virtual event, Lane said Queue, a secure digital check-in tablet for hospital waiting rooms that reduced wait times by uniting and correcting electronic medical records, was “selling like hotcakes.” But once Lane realized it would only ever address one piece of a much bigger market opportunity, he sold off the product, laid off two-thirds of the people affiliated with it and redirected the employees who were left.

Lane explained that what he really wanted to build is what his company — since renamed Olive — has now become, a robotic process automation (RPA) company that takes on hospital workers’ most tedious tasks so nurses and physicians can spend more time with patients.

Building customer-first relationships in a privacy-first world is critical

Concept of knowledge, data and protection. Paper human head with pad lock.

Image Credits: jayk7 (opens in a new window) / Getty Images

In business today, many believe that consumer privacy and business results are mutually exclusive — to excel in one area is to lack in the other. Consumer privacy is seen by many in the technology industry as an area to be managed.

But the truth is that the companies that champion privacy will be better-positioned to win in all areas. This is especially true as the digital industry continues to undergo tectonic shifts in privacy — both in government regulation and browser updates.

For startups choosing a platform, a decision looms: Build or buy?

Blank green arrow signs pointing in both directions on top of a metal post.

Image Credits: Chris Jongkind (opens in a new window)/ Getty Images

Founders shouldn’t be worried about starting companies that rely on other platforms.

Platforms exist to help startups get to users and customers faster and should be used as a means to an end, but everyone must get their piece.

Coinbase’s direct listing alters the landscape for fintech and crypto startups

Coinbase’s direct listing was a massive finance, startup and cryptocurrency event, and the transaction’s effects will be felt for some time in the public market, but also among the startups and capital that comprise the private market.

In the buildup to Coinbase’s flotation — and we’d argue especially after it released its blockbuster Q1 2021 results — there was a general expectation that the unicorn’s direct listing would provide a halo effect for other startups in the space.

The widely held perspective raised two questions: Will the success of Coinbase’s direct listing bolster private investment in crypto-focused startups, and will that success help other areas of financially focused startup work garner more investor attention?

Billion-dollar B2B: Cloud-first enterprise tech behemoths have massive potential

Abstract minimalist conceptual multiple coloured zig zag strip joined as one moving upwards on blue background.

Image Credits: twomeows (opens in a new window)/ Getty Images

The “billion-dollar B2B” paradigm refers to the forces shaping a new class of cloud-first, enterprise-tech behemoths with the potential to reach $1 billion in ARR — and achieve market capitalizations in excess of $50 billion or even $100 billion.

One of the biggest factors driving billion-dollar B2Bs is a simple but important shift in how organizations buy enterprise technology today.

How startups can ensure CCPA and GDPR compliance in 2021

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Image Credits: tumsasedgars (opens in a new window) / Getty Images

Data is the most valuable asset for any business in 2021. If your business is online and collecting customer personal information, your business is dealing in data, which means data privacy compliance regulations will apply to everyone — no matter the company’s size.

Small startups might not think the world’s strictest data privacy laws — the California Consumer Privacy Act (CCPA) and Europe’s General Data Protection Regulation (GDPR) — apply to them, but it’s important to enact best data management practices before a legal situation arises.

Should Dell have pursued a more aggressive debt-reduction move with VMware?

Michael Dell, founder and chief executive officer of Dell Inc., speaks during the 2015 Dell World Conference in Austin, Texas, U.S., on Wednesday, Oct. 21, 2015. Dell said trimming debt for the massive deal to combine his namesake company with EMC Corp. should progress relatively quickly in the next couple of years. Photographer: Matthew Busch/Bloomberg via Getty Images

Image Credits: Bloomberg / Getty Images

When Dell announced it was spinning out VMware, the move itself wasn’t surprising; there had been public speculation for some time.

But Dell could have gone a number of ways in this deal, despite its choice to spin VMware out as a separate company with a constituent dividend instead of an outright sale.

It seems Dell hopes to have its cake and eat it too with this deal: It generates a large slug of cash to use for personal debt relief while securing a five-year commercial deal that should keep the two companies closely aligned.

What we all missed in UiPath’s latest IPO filing

Robotic process automation platform UiPath filed its first S-1/A this week, setting an initial price range for its shares. The numbers were impressive, if slightly disappointing because what UiPath indicated in terms of its potential IPO value was a lower valuation than it earned during its final private fundraising.

Here at The Exchange, we wondered if the somewhat slack news regarding UiPath’s potential IPO valuation was a warning to late-stage investors.

But in good news for UiPath shareholders, most everyone — ourselves included! — who discussed the company’s price range didn’t dig into the fact that the company first disclosed quarterly results to the same S-1/A filing that included its IPO valuation interval. And those numbers are very interesting, so much so that The Exchange is now generally expecting UiPath to target a higher price interval before it debuts.

But let’s dig into the company’s quarterly results to get a clearer picture of UiPath.

The IPO market is sending us mixed messages

If you only stayed up to date with the Coinbase direct listing this week, you’re forgiven. It was, after all, one heck of a flotation.

But underneath the cryptocurrency exchange’s public debut, other IPO news that matters did happen this week. And the news adds up to a somewhat muddled picture of the current IPO market.

To cap off the week, let’s run through IPO news from UiPath, Coinbase, Grab, AppLovin and Zenvia. The aggregate dataset should help you form your own perspective about where today’s IPO markets really are in terms of warmth for the often unprofitable unicorns of the world.

#applovin, #dell, #entrepreneurship, #extra-crunch-roundup, #fintech, #s-1, #startups, #tc, #uipath, #venture-capital

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Should Dell have pursued a more aggressive debt-reduction move with VMware?

When Dell announced it was spinning out VMware yesterday, the move itself wasn’t surprising: there had been public speculation for some time. But Dell could have gone a number of ways in this deal, despite its choice to spin VMware out as a separate company with a constituent dividend instead of an outright sale.

The dividend route, which involves a payment to shareholders between $11.5 and $12 billion, has the advantage of being tax-free (or at least that’s what Dell hopes as it petitions the IRS). For Dell, which owns 81% of VMware, the dividend translates to somewhere between $9.3 and $9.7 billion in cash, which the company plans to use to pay down a portion of the huge debt it still holds from its $58 billion EMC purchase in 2016.

VMware was the crown jewel in that transaction, giving Dell an inroad to the cloud it had lacked prior to the deal. For context, VMware popularized the notion of the virtual machine, a concept that led to the development of cloud computing as we know it today. It has since expanded much more broadly beyond that, giving Dell a solid foothold in cloud native computing.

Dell hopes to have its cake and eat it too with this deal: it generates a large slug of cash to use for personal debt relief while securing a five-year commercial deal that should keep the two companies closely aligned. Dell CEO Michael Dell will remain chairman of the VMware board, which should help smooth the post-spinout relationship.

But could Dell have extracted more cash out of the deal?

Doing what’s best for everyone

Patrick Moorhead, principal analyst at Moor Insights and Strategies, says that beyond the cash transaction, the deal provides a way for the companies to continue working closely together with the least amount of disruption.

“In the end, this move is more about maximizing the Dell and VMware stock price [in a way that] doesn’t impact customers, ISVs or the channel. Wall Street wasn’t valuing the two companies together nearly as [strongly] as I believe it will as separate entities,” Moorhead said.

#cloud, #dell, #ec-cloud-and-enterprise-infrastructure, #ec-news-analysis, #enterprise, #finance, #tc, #vmware

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Dell is spinning out VMware in a deal expected to generate over $9B for the company

Dell announced this afternoon that it’s spinning out VMware, a move that has been suspected for some time. Dell, acquired VMware as part of the massive $58 billion EMC acquisition (announced as $67 billion) in 2015.

The way that the deal work is that Dell plans to offer VMware shareholders a special dividend of between $11.5 and 12 billion. As Dell owns approximately 81% of those shares that would work out to somewhere between $9.3 and $9.7 billion coming into Dell’s coffers when the deal closes later this year.

Even when it was part of EMC, VMware had a special status in that it operates as a separate entity with its own executive team, board of directors and the stock has been sold separately as well.

“Both companies will remain important partners, providing Dell Technologies with a differentiated advantage in how we bring solutions to customers. At the same time, Dell Technologies will continue to modernize its core infrastructure and PC businesses and embrace new opportunities through an open ecosystem to grow in hybrid and private cloud, edge and telecom,” Dell CEO Michael Dell said in a statement.]

While there is a lot of CEO speak in that statement, it appears to mean that the move is mostly administrative as the companies will continue to work closely together, even after the spin off is official. Dell will remain as chairman of both companies. What’s more, the company plans to use the cash proceeds from the deal to help pay down the massive debt it still has left over from the EMC deal.

The deal is expected to close at the end of this year, but it has to clear a number of regulatory hurdles first. That includes garnering a favorable ruling from the IRS that the deal qualifies for a tax-free spin-off, which is seems to be a considerable hurdle for a deal like this.

This is a breaking story. We will have more soon.

#cloud, #dell, #enterprise, #finance, #tc, #vmware

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Dell refreshes its entire Inspiron lineup with Intel Tiger Lake CPUs

The back panel on this 2021 Inspiron 16 Plus is pretty minimal.

Enlarge / The back panel on this 2021 Inspiron 16 Plus is pretty minimal. (credit: Dell)

This week, Dell is launching its 2021 Inspiron laptop line. The new lineup features refreshed models with Tiger Lake CPUs for Inspiron 13, 14, 14 2-in-1, and 15 laptops—and a brand-new Inspiron 16 Plus.

If you’re not familiar with Dell branding, Inspiron is its budget laptop lineup—but in this context, “budget” means solid laptop designs targeted to price-sensitive customers, but not bottom-of-the-barrel cheap stuff. You’ll find the same Intel i3, i5, and i7 CPUs in these Inspiron models as you’d find in more expensive Dell Latitudes, HP Probooks, and so forth.

2021 Inspiron 13

In most of the world, the Inspiron 13 is available in one color—”Platinum Silver with tonal blocking.” Chinese customers get a Peach Dust option (also with tonal blocking) as well. The Inspiron features a 13.3″ display in 1920×1200 or 2560×1600 16:10 resolution, and it comes with a choice of Intel i3-1125G4, i5-11300H, or 17-11370H CPU, and (on the i5 and i7 models) an optional Nvidia GeForce MX450 GPU. Weight starts at 1.25kg (2.75lb)—we’re not shown a full range of weights, but we don’t see any options that should plump things up much, either.

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#budget-laptops, #dell, #inspiron, #laptop, #tech

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Dell Alienware launches its first AMD-powered gaming laptop since 2007

This time last year, we covered one of the first Ryzen 9 gaming laptops—Asus’ ROG Zephyrus G14. A year later, Dell is joining the Ryzen-powered gaming laptop party with its new Alienware m15 Ryzen Edition.

Last year, the Achilles heel of Ryzen-powered gaming laptops was mediocre GPU selection—for whatever reason, most manufacturers didn’t spec RTX 3000-series GPUs along with Ryzen processors. That’s thankfully no longer the case in 2021—the new Alienware m15 pairs Ryzen 7 5800H or Ryzen 9 4900HX with up to 32GiB RAM and a choice of RTX 3060 or RTX 3070 graphics. (Asus is also offering high-end GPUs this year—we’re in the process of hands-on testing a ROG Zephyrus G15 with Ryzen 9 5900HS and RTX 3070 this week.)

You can get a quick peek at the Alienware m15 in this short hype video.

The new m15 offers three display choices—1080 p at 165 Hz or 360 Hz, or 1440 p at 240 Hz—and an optional keyboard upgrade to Cherry MX. There’s a standard 2.5Gbps wired Ethernet adapter to go with the Killer AX1650 Wi-Fi 6—and unlike the ROG Zephyrus gaming laptops, the Alienware m15 has an integrated 720 p webcam.

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#alienware, #amd-ryzen-5000, #dell, #gaming-laptop, #nvidia, #nvidia-rtx, #ryzen-5000, #ryzen-mobile, #tech

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Testing platform Tricentis acquires performance testing service Neotys

If you develop software for a large enterprise company, chances are you’ve heard of Tricentis. If you don’t develop software for a large enterprise company, chances are you haven’t. The software testing company with a focus on modern cloud and enterprise applications was founded in Austria in 2007 and grew from a small consulting firm to a major player in this field, with customers like Allianz, BMW, Starbucks, Deutsche Bank, Toyota and UBS. In 2017, the company raised a $165 million Series B round led by Insight Venture Partners.

Today, Tricentis announced that it has acquired Neotys, a popular performance testing service with a focus on modern enterprise applications and a tests-as-code philosophy. The two companies did not disclose the price of the acquisition. France-based Neotys launched in 2005 and raised about €3 million before the acquisition. Today, it has about 600 customers for its NeoLoad platform. These include BNP Paribas, Dell, Lufthansa, McKesson and TechCrunch’s own corporate parent, Verizon.

As Tricentis CEO Sandeep Johri noted, testing tools were traditionally script-based, which also meant they were very fragile whenever an application changed. Early on, Tricentis introduced a low-code tool that made the automation process both easier and resilient. Now, as even traditional enterprises move to DevOps and release code at a faster speed than ever before, testing is becoming both more important and harder for these companies to implement.

“You have to have automation and you cannot have it be fragile, where it breaks, because then you spend as much time fixing the automation as you do testing the software,” Johri said. “Our core differentiator was the fact that we were a low-code, model-based automation engine. That’s what allowed us to go from $6 million in recurring revenue eight years ago to $200 million this year.”

Tricentis, he added, wants to be the testing platform of choice for large enterprises. “We want to make sure we do everything that a customer would need, from a testing perspective, end to end. Automation, test management, test data, test case design,” he said.

The acquisition of Neotys allows the company to expand this portfolio by adding load and performance testing as well. It’s one thing to do the standard kind of functional testing that Tricentis already did before launching an update, but once an application goes into production, load and performance testing becomes critical as well.

“Before you put it into production — or before you deploy it — you need to make sure that your application not only works as you expect it, you need to make sure that it can handle the workload and that it has acceptable performance,” Johri noted. “That’s where load and performance testing comes in and that’s why we acquired Neotys. We have some capability there, but that was primarily focused on the developers. But we needed something that would allow us to do end-to-end performance testing and load testing.”

The two companies already had an existing partnership and had integrated their tools before the acquisition — and many of its customers were already using both tools, too.

“We are looking forward to joining Tricentis, the industry leader in continuous testing,” said Thibaud Bussière, president and co-founder at Neotys. “Today’s Agile and DevOps teams are looking for ways to be more strategic and eliminate manual tasks and implement automated solutions to work more efficiently and effectively. As part of Tricentis, we’ll be able to eliminate laborious testing tasks to allow teams to focus on high-value analysis and performance engineering.”

NeoLoad will continue to exist as a stand-alone product, but users will likely see deeper integrations with Tricentis’ existing tools over time, include Tricentis Analytics, for example.

Johri tells me that he considers Tricentis one of the “best kept secrets in Silicon Valley” because the company not only started out in Europe (even though its headquarters is now in Silicon Valley) but also because it hasn’t raised a lot of venture rounds over the years. But that’s very much in line with Johri’s philosophy of building a company.

“A lot of Silicon Valley tends to pay attention only when you raise money,” he told me. “I actually think every time you raise money, you’re diluting yourself and everybody else. So if you can succeed without raising too much money, that’s the best thing. We feel pretty good that we have been very capital efficient and now we’re recognized as a leader in the category — which is a huge category with $30 billion spend in the category. So we’re feeling pretty good about it.”

#allianz, #austria, #bnp-paribas, #computing, #dell, #deutsche-bank, #developer, #devops, #enterprise, #insight-venture-partners, #lufthansa, #ma, #neotys, #software-engineering, #software-testing, #starbucks, #toyota, #tricentis, #ubs, #verizon

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Planting seed investments on tech’s frontiers nets KdT Ventures $50 million for its latest fund

Like other venture investors over the past year, Cain McClary, co-founder of the investment firm KdT Ventures, recently made the jump to Austin. But unlike the rest of them, he was coming from Black Mountain, NC.

McClary had spent the better part of the last three years with his co-founder Mack Healy building out a portfolio that would be the envy of almost any investor looking at financing startups whose businesses depend on innovations at the borders of current technological achievement.

Since 2017, when the firm closed on the first $3.5 million of what ended up being a $15 million fund (they had targeted $30 million), McClary and Healy managed to find their way onto the cap table of businesses like the green chemicals manufacturer, Solugen; health diagnostics technology developer, PathAI; the Nigerian genetic dataset developer, 54Gene; the novel biomaterials developer, Checkerspot; and the genetics-focused therapy company, Dyno Therapeutics. 

That portfolio — and the subsequent top decile performance that Cambridge Associates has said comes with it — has allowed McClary and Healy to close on an oversubscribed $50 million new fund to invest in promising startup companies.

KdT co-founders Cain McClary and Mack Healy. Image Credit: KdT Ventures

Hailing from a small Tennessee town outside of Leipers Fork (itself a small Tennessee town) McClary studied medicine at Tulane and business at Stanford where he linked up with Healy through a mutual friend.

Healy, who had done stints throughout big Bay Area startups like Airbnb, Databricks, and Facebook brought the software expertise (and some capital to stake the firm) while McClary provided the life sciences know-how.

Together the two men set out to hang their investment shingle at the intersection of software and life sciences that was proving to be fertile ground for new business creation. Each company in the firm’s portfolio depends on both the advances in understanding how to code computers and living cells.

McClary had left California for personal reasons when he launched the fund in 2017 and in 2020 relocated to Austin for professional ones. Healy had already set up shop in the city and it was easier, McClary said to fly out to San Francisco to look for companies from the Austin airport than it was from Ashville.

Also, both men were placing big bets on the Dell Medical School at the University of Texas to become the breeding ground for the type of entrepreneurs that the firm is looking to back.

Mack was there… the Dell Medical School and we think it’s going to be produce the types of entrpereneurs that we want to support. Houston has a med system. I firmly believe that texas has a place at the table in the future 

“The way that we define it is that we like to invest in the physical layer of the world,” said McClary. “That includes not only medicine, but chemicals and agriculture. All of that is driven by some of the things that we have this sourcecode for the physical world.”

Mapping the unmapped corners of the frontier tech startup world means that the firm not only has a presence in Austin, but has hired principals to scour Houston and Research Triangle Park in North Carolina for hot deals.

That doesn’t mean the firm is forsaking California though. One of the most recent deals in the KdT portfolio is Andes Ag, an Emeryville, Calif.-based startup that’s applying yield-boosting microbes directly to seeds in an effort to improve crop performance for farmers.

“The KdT team speaks the language of science, making them an outlier in this area of venture investing,” said JD Montgomery of Canterbury Consulting, a limited partner in KdT’s first and second fund. “They are passionate about building the science companies of the future that will tackle some of the significant challenges our world faces in the next decade and beyond.”

#54gene, #airbnb, #austin, #california, #cambridge-associates, #chemicals, #co-founder, #corporate-finance, #databricks, #dell, #economy, #entrepreneurship, #facebook, #finance, #fork, #houston, #money, #north-carolina, #partner, #pathai, #private-equity, #san-francisco, #solugen, #stanford, #startup-company, #tc, #texas, #tulane, #university-of-texas, #venture-capital

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Microsoft’s Azure Arc multi-cloud platform now supports machine learning workloads

With Azure Arc, Microsoft offers a service that allows its customers to run Azure in any Kubernetes environment, no matter where that container cluster is hosted. From Day One, Arc supported a wide range of use cases, but one feature that was sorely missing when it first launched was support for machine learning (ML). But one of the advantages of a tool like Arc is that it allows enterprises to run their workloads close to their data and today, that often means using that data to train ML models.

At its Ignite conference, Microsoft today announced that it bringing exactly this capability to Azure Arc with the addition of Azure Machine Learning to the set of Arc-enabled data services.

“By extending machine learning capabilities to hybrid and multicloud environments, customers can run training models where the data lives while leveraging existing infrastructure investments. This reduces data movement and network latency, while meeting security and compliance requirements,” Azure GM Arpan Shah writes in today’s announcement.

This new capability is now available to Arc customers.

In addition to bringing this new machine learning capability to Arc, Microsoft also today announced that Azure Arc enabled Kubernetes, which allows users to deploy standard Kubernetes configurations to their clusters anywhere, is now generally available.

Also new in this world of hybrid Azure services is support for Azure Kubernetes Service on Azure Stack HCI. That’s a mouthful, but Azure Stack HCI is Microsoft’s platform for running Azure on a set of standardized, hyperconverged hardware inside a customer’s datacenter. The idea pre-dates Azure Arc, but it remains a plausible alternative for enterprises who want to run Azure in their own data center and has continued support from vendors like Dell, Lenovo, HPE, Fujitsu and DataOn.

On the open-source side of Arc, Microsoft also today stressed that Arc is built to work with any Kubernetes distribution that is conformant to the standard of the Cloud Native Computing Foundation (CNCF) and that it has worked with RedHat, Canonical, Rancher and now Nutanix to test and validate their Kubernetes implementations on Azure Arc.

#cloud-computing, #cloud-infrastructure, #cloud-native-computing-foundation, #computing, #dell, #fujitsu, #hpe, #kubernetes, #lenovo, #machine-learning, #microsoft, #microsoft-ignite-2021, #microsoft-azure, #ml, #nutanix, #red-hat, #redhat, #tc

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Microsoft updates Teams with new presentation features

It’s (virtual) Microsoft Ignite this week, Microsoft’s annual IT-centric conference and its largest, with more than 26,000 people attending the last in-person event in 2019. Given its focus, it’s no surprise that Microsoft Teams is taking center stage in the announcements this year. Teams, after all, is now core to Microsoft’s productivity suite. Today’s announcements span the gamut from new meeting features to conference room hardware.

At the core of Teams — or its competitors like Slack for that matter — is the ability to collaborate across teams, but increasingly, that also includes collaboration with others outside of your organization. Today, Microsoft is announcing the preview Teams Connect to allow users to share channels with anyone, internal or external. These channels will appear alongside other teams and channel and allow for all of the standard Teams use cases. Admins will keep full control over these channels to ensure that external users only get access to the data they need, for example. This feature will roll out widely later this year.

What’s maybe more important to individual users, though, is that Teams will get a new PowerPoint Live feature that will allow presenters to present as usual — but with the added benefit of seeing all their notes, slides and meeting chats in a single view. And for those suffering through yet another PowerPoint presentation while trying to look engaged, PowerPoint Live lets them scroll through the presentation at will — or use a screen reader to make the content more accessible. This new feature is now available in Teams.

Also new on the presentation side is a set of presentation modes that use some visual wizardry to make presentations more engaging. ‘Standout mode’ shows the speakers video feed in front of the content, for example, while ‘Reporter mode; shows the content above the speaker’s shoulder, just like in your local news show. And side-by-side view — well, you can guess it. This feature will launch in March, but it will only feature the Standout mode first. Reporter mode and side-by-side will launch “soon.”

Another new view meant to visually spice up your meetings is the ‘Dynamic view.’ With this, Teams will try to arrange all of the elements of a meeting “for an optimal viewing experience,” personalized for each viewer. “As people join, turn on video, start to speak, or begin to present in a meeting, Teams automatically adjusts and personalizes your layout,” Microsoft says. What’s maybe more useful, though, is that Teams will put a gallery of participants at the top of the screen to help you maintain a natural eye gaze (without any AI trickery).

As for large-scale meetings, Teams users can now hold interactive webinars with up to 1,000 people inside and outside of their organization. And for all of those occasions where your CEO just has to give a presentation to everybody, Teams supports broadcast-only meetings with up to 20,000 viewers. That’ll go down to 10,000 attendees after June 30, 2021, based on the idea that the pandemic will be mostly over then and the heightened demand for visual events will subside around that time. Good luck to us all.

For that time when we’ll go back to an office, Microsoft is building intelligent speakers for conference rooms that are able to differentiate between the voices of up to 10 speakers to provide more accurate transcripts. It’s also teaming up with Dell and others to launch new conference room monitors and speaker bars.

#artificial-intelligence, #ceo, #computing, #dell, #enterprise, #microsoft, #microsoft-ignite-2021, #microsoft-powerpoint, #microsoft-teams, #microsoft-office, #operating-systems, #presentation-software, #reporter, #software, #speaker, #tc, #web-conferencing

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The pandemic was top of mind in the tech of CES 2021

Of course COVID-19 was bound to be an unavoidable topic during the first-ever all-virtual CES. After all, the topic is at front of mind regardless of the topic these days. Close to a year into the pandemic, presenters still understandably feel obligated to address the always-present elephant in the room. Sometimes it was as simple as acknowledging the strangeness of moving from the Las Vegas Convention Center to a Microsoft-powered virtual venue. Other times it felt far more forced.

When it comes to the technology itself, there’s no doubt that the pandemic is going to have a profound effect on the industry for years to come, from health measures to remote work setups. Sometimes it’s a genuinely organic evolution aimed at adapting technology to an ever-changing world. In other cases, it can feel far more exploitative — like the consumer electronics equivalent to a beer commercial discussing “these uncertain times.”

I’ve written a lot about how the pandemic will impact robotics and AI going forward. The short version is that companies will no doubt be more enthusiastic about embracing these technologies, after bumping up against the limitations of a human workforce with a deadly and highly contagious virus spreading across the world.

We saw some glimpses of robotics’ response. Though there tends to be a far longer lead time than in the consumer category. The clearest and most immediate example had to be the prevalence of UV outfitted robotics. LG, Ubtech and Ava Robotics all bombarded my inbox with their take on the category. The desire for disinfecting technology should be clear during a pandemic, and robotics offer both a way to automate a dull and repetitious process like this, while removing a potential human viral vector from the equation.

Image Credits: Razer

UV disinfecting made appearances in a number of other form factors. Phones have been a target for the tech for a few years now. After all, it didn’t take COVID-19 to teach us that smartphones are mobile petri dishes we watch TikToks on. Products like CleanPhone from Canadian startup Glissner are looking to enter a space that’s been thus far dominated by PhoneSoap, which was genuinely ahead of the curve on the phenomenon.

Targus’s keyboard may well have been the most widely reported-on UV solution of the show, because, well, it’s a bit wacky, with an ultraviolet lamp that sits above it.

Masks are another piece of the puzzle that have slowly been infiltrating the show, but really hit a fever pitch this year. Obviously wearing a face mask in public is only a new phenomenon in some countries — in other parts of the world like East Asia it’s long been a normal part of life. Last year, Portland-based Ao Air grabbed some headlines with its own take on the category.

Razer’s Project Hazel was undoubtedly the most prominent mask to debut at the show. It’s big and flashy and a bit of a diversion for a company that primarily trades in gaming peripherals. The N95 mask sports LEDs to indicate charging status and make the wearer’s face visible in dark surroundings. There’s also technology built in to make the wearer’s voice clearer. For the moment, however, it’s hard to see them as much beyond a headline grabber.

One piece I genuinely expected to see more of was remote work. We caught glimpses, like the Dell monitor with Microsoft Teams conferencing built in. Microsoft pitched its new Surface as a remote work machine, but frankly, it didn’t feel any more targeted at that vertical than any other portable Surface.

No doubt many of the innovations companies are working on will have to wait until CES 2022. Fingers crossed, we’ll see them next year in Vegas.

#ces, #ces-2021, #dell, #hardware, #microsoft, #razer, #targus, #ubtech

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PC sales finally saw big growth in 2020 after years of steady decline

A promotional shot for Lenovo's ThinkPad X1 Titanium Yoga laptop, one of the new 2021 laptops meant to capitalize on growing traditional PC sales.

Enlarge / A promotional shot for Lenovo’s ThinkPad X1 Titanium Yoga laptop, one of the new 2021 laptops meant to capitalize on growing traditional PC sales. (credit: Lenovo)

During the Consumer Electronics Show this week, research firm IDC released a report on worldwide traditional PC sales in 2020, and it tells a rosier story than we’ve been used to in recent years. In the fourth quarter of 2020, PC shipments grew 26.1 percent over the same period last year.

That means 13.1 percent year-over-year growth overall, and the best year and month for PC sales in quite some time. In total, 91.6 million traditional PCs were shipped in the fourth quarter of 2020. “Traditional PCs” in IDC’s report include systems like desktops, laptops, and work stations. For years, sales of these kinds of computers were declining at worst or growing negligibly at best even as other, newer computing gadget categories like smartphones, smart speakers, and tablets grew relatively rapidly.

IDC notes that the last time the market saw this kind of growth was way back in 2010, when modern multitouch smartphones were still building momentum and Apple’s very first iPad had only just launched.

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#acer, #apple, #ces2021, #dell, #desktops, #hp, #idc, #laptops, #lenovo, #notebooks, #pc, #tech, #workstations

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Pat Gelsinger stepping down as VMware CEO to replace Bob Swan at Intel

In a move that could have wide ramifications across the tech landscape, Intel announced that VMware CEO Pat Gelsinger would be replacing interim CEO Bob Swann at Intel on February 15th. The question is why would he leave his job to run a struggling chip giant.

The bottom line is he has a long history with Intel, working with some of the biggest names in chip industry lore before he joined VMware in 2009. It has to be a thrill for him to go back to his roots and try to jump start the company.

“I was 18 years old when I joined Intel, fresh out of the Lincoln Technical Institute. Over the next 30 years of my tenure at Intel, I had the honor to be mentored at the feet of Grove, Noyce and Moore,” Gelsinger wrote in a blog post announcing his new position.

Certainly Intel recognized that the history and that Gelsinger’s deep executive experience should help as the company attempts to compete in an increasingly aggressive chip industry landscape. “Pat is a proven technology leader with a distinguished track record of innovation, talent development, and a deep knowledge of Intel. He will continue a values-based cultural leadership approach with a hyper focus on operational execution,” Omar Ishrak, independent chairman of the Intel board said in a statement.

But Gelsinger is walking into a bit of a mess. As my colleague Danny Crichton wrote in his year-end review of the chip industry last month, Intel is far behind its competitors, and it’s going to be tough to play catch-up:

Intel has made numerous strategic blunders in the past two decades, most notably completely missing out on the smartphone revolution and also the custom silicon market that has come to prominence in recent years. It’s also just generally fallen behind in chip fabrication, an area it once dominated and is now behind Taiwan-based TSMC, Crichton wrote.

Patrick Moorhead, founder and principal analyst at Moor Insights & Strategy agrees with this assertion, saying that Swan was dealt a bad hand, walking in to clean up a mess that has years long timelines. While Gelsinger faces similar issues, Moorhead thinks he can refocus the company. “I am not foreseeing any major strategic changes with Gelsinger, but I do expect him to focus on the company’s engineering culture and get it back to an execution culture” Moorhead told me.

The announcement comes against the backdrop of massive chip industry consolidation last year with over $100 billion changing hands in four deals with NVidia nabbing ARM for $40 billion, the $35 billion AMD-Xilink deal, Analog snagging Maxim for $21 billion and Marvell grabbing Inphi for a mere $10 billion, not to mention Intel dumping its memory unit to SK Hynix for $9 billion.

As for VMware, it has to find a new CEO now. As Moorhead says, the obvious choice will be current COO Sanjay Poonen. Holger Mueller, an analyst at Constellation Research says it will be up to Michael Dell who to hand the reins to, but he believes Gelsinger was stuck at Dell and would not get a broader role, so he left.

“VMware has a deep bench, but it will be up to Michael Dell to get a CEO who can innovate on the software side and keep the unique DNA of VMware inside the Dell portfolio going strong, Dell needs the deeper profits of this business for its turnaround,” he said.

The stock market seems to like the move for Intel with the company stock up 7.26%, but not so much for VMware, whose stock was down close to the same amount at 7.72% as went to publication.

#dell, #enterprise, #intel, #personnel, #tc, #vmware

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Dell’s 40-inch curved monitor is perfect for a home office command center

Dell’s kicking off 2021 with a new addition to its monitor lineup that aims to hit a variety of sweet spots. The Dell UltraSharp 40 Curved WUHD monitor offers 39.7″ of screen real estate, with a 5120 x 2160 resolution that matches the pixel density of 4K resolution on a 32-inch conventional widescreen display. It comes equipped with Thunderbolt 3 for display and data connectivity, as well as 90W of charging for compatible computers, and a 10Gbps Ethernet connection for networking. In short, Dell’s latest (which is available beginning January 28) looks to be a true ‘one display to rule them all’ contender, particularly for those searching for a way to optimize their home offices.

The basics

Dell’s UltraSharp 40 has a 60Hz, 39.7″ diagonal display in 21:9 aspect ratio with WUHD resolution (not quite true 5K, but exceptional for a curved monitor this size). It offers 100% sRGB and 98% P3 color reproduction, and comes with a stand that has height adjustability, tilt and swivel, and that features a hidden cable channel for cable management. Built-in speakers provide 9W each of sound reproduction so you don’t need to worry about adding externals.

Image Credits: Darrell Etherington

In terms of wired connections, it offers Thunderbolt 3, RJ45 Ethernet, and USB 10Gps ports (three on the rear, and one in front) as well as one USB-C port for easy access on the front. There’s also 3.5mm audio line out (though it’s worth noting that this doesn’t work with headphones), and two HDMI ports plus one DisplayPort for more traditional display connectivity if you’re not going the Thunderbolt route. Finally, a standard security lock slot allows you to anchor the display in any shared environment.

The display itself is bright, clear and viewable at a wide range of angles, with a more matte finish that provides excellent viewing in a wide range of lighting conditions. A joystick control button provides easy navigation and operation of the built-in on-screen menu and integrated features, including picture-in-picture.

Design and features

First and foremost, the Dell UltraSharp 40 delivered excellent visual quality. Especially for a display this size, in a curved form factor, at this resolution, it’s going to be something that satisfies everyone from telecommuters mostly handling meetings and spreadsheets, to photographers and video professionals looking for image quality that is highly color-accurate and provides crystal clear detail.

The WUHD resolution means that you can run the display in a range of different configurations, depending on how much screen real estate you want or need. For instance, I’ve been using it at the 5160 x 2160 res, and it provides ample workspace for arranging multiple windows side-by-side, and tiled vertically. I typically use three displays at once in my day job (there’s a lot of tab and browser windows involved) and the Dell UltraSharp 40 makes it so that I can comfortably work with just a single monitor instead. It’ll work with Apple’s HiDPI modes on its modern Macs for clear and crisp visuals with larger on-screen elements, too, however, if you don’t need all that room.

Dell’s integrated stand is simple and effective, providing a range of maneuverability options that allow for significant travel in height adjustment. You won’t get a portrait mode full swivel in this display – but that’s not surprising given how long it is on its longest edge, compared to the vertical. You do get tilt if you need it, and the ability to angle back and forwards depending on how you have it positioned. The end result is a display that’s very large, but easy enough to adjust for your comfortable use.

Image Credits: Darrell Etherington

The display comes calibrated out of the box, but also includes plenty of options for adjusting things like contrast and brightness using the built-in menus. This also including a very useful multi-device display setup, including both picture-in-picture features for multiple sources, and a picture-by-picture mode that splits the display into two equal side-by-side sections for multiple inputs. Another useful feature for working with the display with multiple computers: keyboards and mice connected via the monitor will automatically detect and switch between controlling both connected PCs.

Besides the display size and resolution, the other thing that makes the UltraSharp 40 a fantastic option for a home workstation is its range of ports and added bonuses like built-in speakers. The speakers aren’t going to win any audiophile awards, but they’re better than the ones that come built into your laptop and they obviate the need for additional equipment if you’re looking to spare your desk surface space. With any modern Thunderbolt-equipped Mac, the Dell UltraSharp 40 really is a one-cable wonder that offers very little in the way of compromises.

Bottom line

Image Credits: Darrell Etherington

With the Dell UltraSharp 40, the company continues its tradition of delivering extremely high-quality display products at a reasonable price. The $2,100 price tag may seem steep, but for what you’re getting it’s a very fair price point, and Dell’s displays also have very high reliability that means an investment in their monitors is likely to keep you satisfied for many years to come (two of my home office displays are some of Dell’s very first 4K monitors, which have served me reliably for over half a decade).

Because of its wide aspect ratio and curve, this display really does replace two smaller 4K screens for most uses, and so the cost framed that way actually makes even more sense. In short, Dell’s UltraSharp 40 is a home office beast, which fills a sweet spot for a wide range of remote professionals.

#dell, #digital-imaging, #displayport, #electronics, #ethernet, #gadgets, #hardware, #hdmi, #reviews, #tc, #technology, #thunderbolt

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Dell monitors embrace video calls with pop-up webcams and Teams buttons built in

Dell’s latest monitors reflect the growing need for simple, solid solutions to video conferencing needs, with a clever pop-up camera and a perhaps too clever by half Teams integration. The new displays integrate a number of advanced features — but they’re still made strictly with offices in mind.

The new Dell 24, 27, and 34 Video Conferencing Monitors are clearly meant to be a turnkey solution to the need at many companies for video-capable setups that don’t cost a fortune.

The most interesting feature is a pop-up camera at the top; this isn’t the first one of these by far (we’ve seen them going back a few years) or even the first by Dell, but it is the first of theirs in a monitor as opposed to an all-in-one system, and it is probably the best one yet.

Dell's monitor has a pop-up camera.

Image Credits: Dell

The five-megapixel camera (which translates to somewhat more than 1080p, likely around 3K) won’t blow any minds, so if you want things like optical background blur and improved lighting, you’ll have to build your own setup. But it should be perfectly fine for work calls, and having it slip away when not in use is reassuring to the privacy-conscious.

An additional, non-obvious reason to like this setup is it means the camera isn’t confined to the bezel of the monitor itself, possibly allowing for a better lens and bigger sensor. I’ve asked Dell for the detailed specs and I don’t expect anything extraordinary, but it’s always better to have space than to pack the camera module into the margins.

At the bottom of these new screens is a pleasantly felted speaker bar, with just enough wattage for calls to sound fine — it won’t work for bangers, though.

But on the left side of that speaker are some interesting, if not entirely practical, new buttons. Most prominent is a dedicated Microsoft Teams button, along with call, volume, and mute buttons.

Close up of Teams button on Dell monitor.

Image Credits: Dell

I don’t know about you, but I wouldn’t want one of those. And not just because we don’t use Teams.

Maybe this is just me, but I don’t like the idea of reaching forward and whacking my monitor, which I’ve carefully positioned, every time I want to adjust the volume or answer a call, or mute myself — good luck doing it subtly when the whole view shakes every time. Even if I did, I wouldn’t want a button dedicated specifically to a single brand of video conferencing. Seems limiting when so many video platforms are in play.

I would be far more likely to pay for a puck with those controls on it as well as a mono speaker for voices and mic that’s closer to me. And by the way, it might be better to leave noise cancellation to the software side of things — calling apps often integrate their own, and who knows how built-in noise blocking interacts with those.

No doubt this is a simpler product solution, of course, and also presumably one that Microsoft and Dell worked together on. The pop-up webcam also has an IR camera that works with Windows Hello, the face-recognition login method I didn’t realize existed until very recently.

Obviously this is Dell and Microsoft going after enterprise customers who are already in their ecosystem. But as a Dell monitor lover myself, I wouldn’t mind having a pop-up camera — minus the unnecessary sound bar and Teams button. Where’s the love, Dell?

The new video conferencing monitors will be available next month, starting at $520 for a 24-inch, then going up to $720 for the 27-inch and $1,150 for the (curved) 34-inch.

#ces-2021, #dell, #gadgets, #hardware, #microsoft, #microsoft-teams, #monitors, #tc

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Google, Intel, Zoom and others launch a new alliance to get enterprises to use more Chrome

A group of industry heavyweights, including Google, Box, Citrix, Dell, Imprivata, Intel, Okta, RingCentral, Slack, VMware and Zoom, today announced the launch of the moderncomputing.com.

The mission for this new alliance is to “drive ‘silicon-to-cloud’ innovation for the benefit of enterprise customers — fueling a differentiated modern computing platform and providing additional choice for integrated business solutions.”

Whoever wrote this mission statement was clearly trying to see how many words they could use without actually saying something.

Here is what the alliance is really about: even though the word Chrome never appears on its homepage and Google’s partners never quite get to mentioning it either, it’s all about helping enterprises adopt Chrome and Chrome OS. “The focus of the alliance is to drive innovation and interoperability in the Google Chrome ecosystem, increasing options for enterprise customers and helping to address some of the biggest tech challenges facing companies today,” a Google spokesperson told me.

I’m not sure why it’s not called the Chrome Enterprise Alliance, but Modern Computing Alliance may just have more of a ring to it. This also explains why Microsoft isn’t part of it, though this is only the initial slate of members and others may follow at some point in the future.

Led by Google, the alliance’s focus is on bringing modern web apps to the enterprise, with a focus on performance, security, identity management and productivity. And all of that, of course, is meant to run well on Chrome and Chrome OS and be interoperable.

“The technology industry is moving towards an open, heterogeneous ecosystem that allows freedom of choice while integrating across the stack. This reality presents both a challenge and an opportunity,” Google’s Chrome OS VP John Solomon writes today.

As enterprises move to the cloud, building better web applications and maybe even Progressive Web Applications that work just as well as native solutions is obviously a noble goal and it’s nice to see these companies work together. Given the pandemic, all of this has taken on a new urgency now, too. The plan is for the alliance to release products — though it’s unclear what form these will take — in the first half of 2021. Hopefully, these will play nicely with any browser. A lot of these ‘alliances’ fizzle out quite quickly, so we’ll keep an eye on what happens here.

Bonus: the industry has a long history of alliance like these. Here’s a fun 1991 story about a CPU alliance between Intel, IBM, MIPS and others.

#chrome, #chrome-os, #citrix, #citrix-systems, #cloud-computing, #computing, #dell, #google, #google-chrome, #ibm, #identity-management, #intel, #microsoft, #mips, #okta, #operating-systems, #os, #ringcentral, #software, #spokesperson, #tc, #vmware, #web-applications, #web-apps, #web-browsers, #zoom

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Tiger Lake is coming in Dell XPS 13, XPS 13 DE, and XPS 13 2-in-1

Ubuntu will be available and supported even for XPS 13s, which weren't bought as "Developer Edition" this time around.

Enlarge / Ubuntu will be available and supported even for XPS 13s, which weren’t bought as “Developer Edition” this time around. (credit: Dell)

The latest update to Dell’s XPS 13 product line will be available beginning Wednesday, September 30, and will feature 11th-generation Intel CPUs, aka Tiger Lake. We know a lot of AMD fans are going to be disappointed at no Team Red option—honestly, we’re a little disappointed, too; we’ve been extremely impressed with this year’s AMD Renoir laptop CPUs.

However disappointed AMD fans might be, Tiger Lake represents a pretty massive upgrade from last year’s Ice Lake and Comet Lake lineup, as we saw directly when we had the chance to test a prototype Tiger Lake laptop earlier this month. The four core/eight thread i7-1185G7 we expect in the highest-end XPS 13 models might not be a match for an eight core/sixteen thread Ryzen 7 4800U—but it hangs pretty even with an eight core/eight thread Ryzen 7 4700U, even on massively multithreaded workloads.

Meanwhile, not every workload is massively multi-threaded—and the Tiger Lake i7 we tested demonstrated extremely fast single-threaded performance. More importantly, its Xe integrated graphics were far and away the highest performing iGPU we’ve ever seen—they aren’t ready to take the place of a gamer’s Nvidia RTX series discrete GPU, but we suspect they sounded a death knell for Nvidia’s cheaper MX series of discrete laptop GPUs.

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#dell, #linux, #linux-on-laptops, #premium-laptops, #tech, #uncategorized, #xps-13

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Extra Crunch Partner Perk: Discount on Dell XPS Laptop and Dell for Entrepreneurs Program

We’re excited to announce a new Partner Perk from Dell for Extra Crunch members. Starting today, annual and 2-year Extra Crunch members can get a discount on a Dell XPS Laptop as well as a discount on membership to the Dell for Entrepreneurs Program.

What is the Dell for Entrepreneurs Program?

The Dell for Entrepreneurs Program is committed to empowering others by being an end-end solution provider to help entrepreneurs grow and scale. The program includes IT consultation (from accessories, to systems, to cloud/ software solutions), access to capital for technology needs, and rewards, discounts, and more. Discounts on membership will vary.

What’s the discount on the laptop? 

The discount on the Dell XPS Laptop is 5%, but if purchased before September 23 the discount is 10%.

What is Extra Crunch?

Extra Crunch is a membership program from TechCrunch  that helps you spot technology trends and opportunities, build better startups and stay connected. It features thousands of articles, including weekly investor surveys, daily market analysis and expert interviews on fundraising, growth, monetization and other work topics.

Extra Crunch also features Extra Crunch Live Q&A sessions with startup experts, a 20% discount on TechCrunch events, access to Partner Perks and better ways to use and navigate TechCrunch.com.

Join our growing community of founders, investors and startup teams here.

What are Partner Perks?

The Extra Crunch Partner Perks program is a great way for our annual members to save a few bucks on software costs. Since launching the program last fall, we’ve added more than a dozen new perks, including discounts on Crunchbase, DocSend and more. To see a full list of Partner Perks, head here.

How do I claim the discount on the Dell XPS laptop?

Head here, and enter your email address. Click submit. The discount on the laptop will be emailed to you immediately after your email address has been submitted.

How do I get the discount on the Dell for Entrepreneurs Program?

Head here, and then scroll down to the section “How to Apply.” Click the button “apply now,” and fill out the form. A Dell representative will follow up within a few business days. 

#dell, #extra-crunch, #extra-crunch-partner-perks, #hardware, #startups

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