Home / Business / All you need to know – TechCrunch

All you need to know – TechCrunch



Facebook has finally revealed the details of his cryptocurrency, Libra, which will allow you to buy things or send money to people paying no fees. You will buy or reclaim your Libra online or at local exchange centers, such as grocery stores, and spend it on interoperable third-party wallet applications or Facebook's Calibra portfolio integrated with WhatsApp, Messenger, and your own. application. Today, Facebook has published its white paper explaining the Balance and its testnet network for solving the problems of its blockchain system before its public launch in the first half of 2020.

Facebook will not fully control Libra, but will get a single vote in its governance, along with the other founding members of the Libra Association, including Visa, Uber and Andreessen Horowitz, each of whom has invested at least $ 10 million. dollars in project operations. The association will promote the Libra open source blockchain and development platform with its own Move programming language, and allow businesses to accept Libra for payment or even offer customers discounts or rewards.

Facebook is launching a subsidiary, also known as Calibra, which manages its encrypted transactions and protects user privacy by never mixing your Libra payments with your Facebook data, so it can not be used for targeting ads. Your true identity will not be linked to your publicly visible transactions. But Facebook / Calibra and the other founding members of the Libra Association will gain an interest in cash money from users who is kept in reserve in order to maintain the value of the stable Balance.

Facebook's bold attempt to create a global digital currency that fosters the financial inclusion of unbanked people actually has more intimacy and decentralization than many expected. Instead of trying to dominate the future of Libra or immediately withdraw tons of money, Facebook plays the game in the long run by transferring payments to its domain online. Facebook's blockchain vice president, David Marcus, explains the company's motive and its connection to its main source of revenue, saying: "if more business happens, more small businesses will sell more platforms, and want to buy more ads. on the platform, so it will be good for our advertising business. "

The risk and reward of building the new PayPal

In crypto-currencies, Facebook saw both a threat and an opportunity. They had the promise of disrupting the way things are bought and sold by eliminating the ongoing transaction fees with credit cards. This is dangerously close to Facebook's advertising activity that influences what is bought and sold. If a competitor such as Google or a newcomer builds a popular coin and can monitor transactions, he will learn what people are buying and can leverage the billions spent on Facebook marketing. Meanwhile, the 1.7 billion people without a bank account could choose the one that will offer them an alternative to financial services as an online identity provider. It's another thing that Facebook wants to be.

However, existing crypto-currencies such as Bitcoin and Ethereum were not properly designed to become a medium of exchange. Their price without anchorage was subject to huge and unpredictable fluctuations, which made it difficult for merchants to accept payment. And crypto-currencies miss out on their potential beyond speculation, unless there are enough places to take them away instead of dollars, and the experience of buying and spending them is easy enough for a traditional audience. But with Facebook's relationship with 7 million advertisers and 90 million small businesses, as well as his prowess in user experience, he was well placed to tackle this big problem.

Now, Facebook wants to make Libra the evolution of PayPal. We hope that Libra will become easier to implement, more ubiquitous as a means of payment, more efficient with less fees, more accessible to the unbanked, more flexible thanks to developers and more sustainable through decentralization.

"Success will mean that a person working abroad has a quick and easy way to send money to his family and that a student can pay." his rent as easily as he can buy a coffee, "writes Facebook in his documentation on Libra. That would be a big improvement over today when you pay rent in the form of unsecured checks, while abusive money transfer services charge an average of 7% of remittances abroad, which means represents $ 50 billion a year. The Balance could also fuel tiny micro-transactions worth a few cents infeasible with the attached credit card fees, or replace your prepaid ticket.

… Or it could be largely ignored by consumers who see too much concern for too little reward, or too unfamiliar and limited in its use to attract them into the modern financial landscape. Facebook has built a reputation for underutilized and over-designed products. He will need all the help he can to replace what is already in our pockets.

How does Libra work?

Now you know the basics of Libra. Cash in a local currency, get the Libra, spend it like dollars without having to pay big transaction fees or your real name, remove them at any time. Feel free to stop reading and sharing this article if it is close to your heart. But the underlying technology, the association that governs it, the portfolios you'll use, and the way payments work, all have a lot of fascinating detail. Facebook has published more than 100 pages of documentation on Libra and Calibra, and we have identified the most important facts. Let's dive in.

The Libra Association – The new oligarchy of Crypto

Facebook knew that people would not trust him to fully control the cryptocurrency they use, and he also asked for help to promote adoption. So, Facebook has recruited the founding members of Libra Association, which oversees the development of the token, the actual asset pool that confers it value, as well as the governance rules of the blockchain. Each founding member has paid a minimum of $ 10 million to become a member and eventually become a validation node operator (more details on this later), get a voice on the board of the Libra association and be entitled to a share (proportional to their investment) dividends from interest earned on users of the Balance Reserve pay the fiat currency to receive Libra.

Among the 28 founding members of the association and their industries, previously reported by Frank Chaparro of The Block, are:

  • Payments: Mastercard, PayPal, PayU (Naspers fintech arm), Stripe, Visa
  • Technology and Markets: Booking Funds, eBay, Facebook / Calibra, Farfetch, Lyft, Pago Mercado, Spotify AB, Uber Technologies, Inc.
  • Telecommunications: Iliad, Vodafone Group
  • Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
  • Venture Capital: Andreessen Horowitz, Innovative Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
  • Non-Profit and Multilateral Organizations, and Academic Institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women's World Banking

Facebook hopes to reach 100 founding members before the official launch of Libra and is open to anyone who meets the requirements, including direct competitors like Google or Twitter.

To join, members must have a half-rack of server space, a dedicated Internet connection of 100 Mbps or more, a full-time site reliability engineer and from a corporate level security. Companies must achieve two of three thresholds with a market value of $ 1 billion or $ 500 million of customer balances, reach 20 million people annually and / or be recognized as one of the 100 plus leading industry leaders by a group like Interbrand Global or the S & P group.

Cryptography-focused investors must have over $ 1 billion in assets, while Blockchain companies must have been in operation for a year, have enterprise-level security and confidentiality, and have more than $ 100 million in assets. dollars of assets. And only one-third of founding members can participate in cryptography exceptions or invite exceptions. Facebook also accepts research organizations such as universities and non-profit organizations that fulfill three criteria: working on financial inclusion for more than five years, reaching out to multiple countries, bringing together many users, being among the top 100 best of Charity Navigator or something similar, and / or $ 50 million in budget.

The Libra Association will be responsible for recruiting more founding members to act as validation nodes for the blockchain, raise funds to revive the ecosystem, design incentive programs to reward early users and distribute social impact grants. A board composed of one representative from each member will help select the association's executive director who will appoint a management team and elect a board composed of 5 to 19 high-level representatives.

Each member, including Facebook / Calibra, will only get one vote or 1% of the total vote (whichever is greater) on the board of the Libra Association. This provides a level of decentralization that protects against Facebook or any other player diverting Libra to his own advantage.

The currency of Libra – A Stablecoin

A Libra is a unit of the cryptocurrency Libra that is represented by a unicode character with three wavy horizontal lines ≋ as if the dollar were represented by $. The value of Libra is expected to remain largely stable. So it's a good medium of exchange because the merchants can be certain not to receive a Libra today which is worth less then tomorrow. The value of the Balance is linked to a basket of bank deposits and short-term government securities for a series of historically stable international currencies, including the US dollar, the British pound, the euro, the Swiss franc and the yen. The Libra Association maintains this basket of assets and can change the balance of its membership as needed to offset significant price fluctuations of any foreign currency, so that the value of a Balance remains consistent.

The Libra Association always looks for the exact starting value for Libra, but it is supposed to be closer to a dollar, a euro, or a pound so that it is easy to conceptualize. In this way, a gallon of milk in the United States could cost 3 to 4 Libra, the same price, but not exactly the same price as with a dollar.

The idea is that you will earn money while keeping a balance balance that you can spend to accept merchants and online services. You'll be able to trade your local balance in your local currency, and vice versa, through certain wallet applications, including Facebook's Calibra, third-party wallet applications, and local resellers like convenience stores or grocery stores where users already complete their data plan. mobile. .

The Balance Balance – One for one

Whenever someone pays a dollar or its local currency, that money is paid into the Libra Reserve and an equivalent Libra value is minted and distributed to that person. If a person pays money to the Libra Association, the Libra that she renders is destroyed / burned and receives the equivalent value in her local currency. This means that there is still 100% of the value of the Balance in circulation, guaranteed by real assets in the Balance Reserve. It never runs fractional. And unrelated "indexed" stable coins that are tied to a single currency like the US dollar, Libra retains its own value – although that should cash in at about the same amount of a given currency over time.

When members of the Libra Association join and pay their minimum of $ 10 million, they receive Libra investment tokens. Their share in total tokens translates into the proportion of the dividend that they earn on the interests of the assets in the reserve. These dividends are paid only after the Libra Association used the interest to pay for operating expenses, investments in the ecosystem, engineering research and grants for non-profit organizations and others. . This interest is part of what attracted members of the Libra Association. If Libra becomes popular and many people carry a large balance in foreign exchange, the reserve will increase enormously and will attract considerable interest.

The Balance Blockchain – Built for Speed

Each Libra payment is permanently written in the Libra blockchain – a cryptographically authenticated database that acts as an online public ledger designed to handle 1,000 transactions per second. The blockchain is exploited and constantly checked by the founding members of the Libra Association, each of whom has invested $ 10 million or more to have a say in cryptocurrency governance and the ability to operate a validation node. .

When a transaction is submitted, each node performs a calculation based on the existing general ledger of all transactions. Thanks to a Byzantine Fault Tolerance system, only two-thirds of the nodes must reach a consensus that the transaction is legitimate to be executed and written in the blockchain. A Merkle tree structure in the code makes it easy to recognize changes made to the Libra blockchain.

Balance transactions can not be reversed. If an attack affects more than one-third of the validator's nodes, which causes a fork in the blockchain, the Libra Association indicates that it will temporarily stop the transactions, determine the extent of the damage, and recommend software updates to solve the fork.

Transactions are not completely free. They pay a tiny fraction of a cent to pay for the "gas" that covers the cash transfer processing cost similar to that with Ethereum. These fees will be negligible for most consumers, but once added, gasoline costs will deter bad actors from creating millions of transactions to launch spam attacks and denial of service attacks.

Move coding language – for moving the scale

The Libra blockchain is open source with an Apache 2.0 license and any developer can create applications that work with the Move encoding language. The prototype of the blockchain launches its testnet today, so it is in beta mode for developers until its official launch in the first half of 2020. The Libra Association is working with HackerOne to launch a bug bonus system later this year, which will allow security researchers to safely identify. defects and defects. In the meantime, the Libra Association implements Libra Core using the Rust programming language, designed to avoid security flaws, and the Move language is not ready yet.

Move was created to facilitate blockchain code writing that follows the author's intent without introducing any bugs. It's called Move because its primary function is to move parts of the Balance from one account to another and never to let those assets duplicate inadvertently. The primary transaction code is similar to the procedure "LibraAccount.pay_from_sender (address_address, amount)". Ultimately, Move will be able to create smart contracts for program interactions with the Libra blockchain. Until Move is ready, developers can create modules and transaction scripts for Libra with the help of Move IR, which is high enough to be human-readable, but sufficient down to be translated into true bytecode Move which is written in the blockchain.

The Libra ecosystem and the Move language will be completely open to use and construction, which presents a considerable risk. Dishonest developers could attack crypto novices, claiming that their application works in the same way as legitimate apps, and that it is safe because it uses Libra. But if the scammers scam the consumers, the anger will surely burst to Facebook. Even though she has tried to distance herself sufficiently through her subsidiary Libra and the association, many people will probably think that Libra is Facebook's cryptocurrency and blame her for their misfortunes.

Using the Scale in the Wild – Calibra

So, how do you actually own and spend Libra? Through Balance portfolios like Facebook's own Calibra and others that will be created by third parties, possibly including members of the Libra Association such as PayPal. The idea is to have money sent to a friend or to pay for something as simple as sending a message to Facebook. However, you will not be able to make or receive any real payments until the official launch of next year.

None of the members of the Libra Association has agreed to provide details on what it will build on the blockchain, but we can take Facebook's Calibra portfolio as an example of the basic experience. Calibra will be launched alongside Balance currency on iOS and Android in Facebook Messenger, WhatsApp and a standalone application. When users sign up for the first time, they are subject to a Know Your Customer anti-fraud procedure, in which they must provide a government-issued photo ID and other information of their own. verification. They will have to exercise due diligence on clients and report any suspicious activity to the authorities.

From there, you can cash in Libra, choose a friend or merchant, set an amount to send it and add a description, then send them from Libra. You can also ask for Libra. It is also likely that Calibra will offer a quick way to pay merchants, giving them the urge to scan their QR code or QR code.

Privacy – at least Facebook

Facebook CEO Mark Zuckerberg explained the philosophy behind Libra and Calibra in a message published today. "It's decentralized – that is, it's run by many different organizations instead of one, which makes the system more equitable overall. It is available to anyone who has an internet connection and has low fees and costs. And this is secured by cryptography that allows you to keep your money safe. This is an important part of our vision of a social platform focused on privacy, in which you can interact in any way you want in private, from messaging to secure payments. "

By default, Facebook will not import your contacts or profile information, but may ask you if you wish. In addition, it will not communicate any of your transaction data to Facebook, so it will not be used to target you with ads, rank your newsfeed or earn money directly to Facebook. The data will only be shared in specific cases in an aggregated, anonymized manner or following a request from the law enforcement authorities.

In the event that you are hacked, scammed, or lose access to your account, Calibra will reimburse you for lost coins where possible through chat support 24 hours a day, 7 days a week. will probably become the default wallet for many Balance users, this extra protection is essential.

For the moment, Calibra will not earn money. But Kevin Weil, product manager of Facebook's blockchain team, told me that if it reached the scale, Facebook could launch other financial services via Calibra that it could monetize.

A world currency

If Facebook succeeds and legions of people take money for Libra, she and the other founding members of the Libra association could reap big dividends. And if, all of a sudden, it becomes very fast to buy things via Facebook with the help of Libra, companies will increase their ad spending there. But if Libra is hacked or unreliable, it could cost money for many people around the world while offering them cryptocurrency. And by offering an open Libra platform, shady developers could create applications that not only capture the personal information of people like Cambridge Analytica, but also their hard-earned digital money.

Facebook has just tried to reinvent the money. Next year we will see if the Libra Association will succeed.

n","protected":false},"author":333,"template":"","tc_show":[70117722],"shortlink":"https://tcrn.ch/31DrFvQ","authors":[333],"vidible_hash":"5cffdda4e98ab543c5cc173a","thumbnail_url":"https://img.vidible.tv/prod/2019-06/11/5cffdda4e98ab543c5cc173a/5cffdf25573ec6435d2582f2_o_U_v1.jpg","videoDuration":"","parentLink":"https://tcrn.ch/2ZgocB6","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tc_river_video/1842222"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tc_river_video"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/tc_river_video"}],"authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/333"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/333"}],"wp:attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1842222"}],"wp:term":[{"taxonomy":"tc_show","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_show?post=1842222"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]},"_embedded":{"authors":[{"id":333,"name":"TC Video","url":"","description":"","link":"https://techcrunch.com/author/tc-video/","slug":"tc-video","avatar_urls":{"24":"https://secure.gravatar.com/avatar/bd2040d70a38e40449e2de3e69866b11?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/bd2040d70a38e40449e2de3e69866b11?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/bd2040d70a38e40449e2de3e69866b11?s=96&d=identicon&r=g"},"links":[],"position":"","cbDescription":"","cbAvatar":"","twitter":"","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/333"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"author":[{"id":333,"name":"TC Video","url":"","description":"","link":"https://techcrunch.com/author/tc-video/","slug":"tc-video","avatar_urls":{"24":"https://secure.gravatar.com/avatar/bd2040d70a38e40449e2de3e69866b11?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/bd2040d70a38e40449e2de3e69866b11?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/bd2040d70a38e40449e2de3e69866b11?s=96&d=identicon&r=g"},"links":[],"position":"","cbDescription":"","cbAvatar":"","twitter":"","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/333"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"wp:term":[[{"id":70117722,"link":"https://techcrunch.com/shows/tctv-news/","name":"News","slug":"tctv-news","taxonomy":"tc_show","rapidData":{"pt":"","pct":""},"iconURL":"https://techcrunch.com/wp-content/uploads/2013/10/tcnewssq.jpg","bannerURL":"https://techcrunch.com/wp-content/uploads/2013/10/founder-bg.png","sponsorshipIconURL":null,"playlistHash":"569640bbe4b0e99bae00daa0","isArchived":false,"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tc_show/70117722"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tc_show"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/tc_show"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tc_show=70117722"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_river_video?tc_show=70117722"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}]]}},{"id":1845051,"date":"2019-06-17T10:12:54","date_gmt":"2019-06-17T17:12:54","guid":{"rendered":"https://techcrunch.com/?p=1845051"},"modified":"2019-06-17T14:23:23","modified_gmt":"2019-06-17T21:23:23","slug":"microsoft-brings-its-to-do-app-to-mac","status":"publish","type":"post","link":"https://techcrunch.com/2019/06/17/microsoft-brings-its-to-do-app-to-mac/","title":{"rendered":"Microsoft brings its To-Do app to Mac"},"content":{"rendered":"

Microsoft in 2017 said it would eventually shut down Wunderlist, a company it acquired, in order to forge ahead with its own “to do” app. It has since launched To-Do, as the app is called, on Windows, iOS, Android and the web and expanded its feature set. Today, it’s bringing the app to the Mac, as well.

n

The company announced this morning its To-Do app is live on the Mac App Store, where it will support most of the core features right away, including the ability to create and manage tasks, work offline, share lists, utilize tags and more. It also will integrate with Microsoft Outlook to pull in your “Flagged” email list and will support integration with Planner soon, allowing you to see any items assigned to you.

n

The Mac version also takes advantage of its new platform to offer a handful of keyboard shortcuts, like u23182 to minimize the app so it only displays the list view, and u23181 to return to viewing all your lists. You can click on a task’s text to edit it directly from the list view, as well.u00a0

n

n

It’s worth noting that Microsoft built this native Mac app using 100% AppKit, it says.

n

At Apple’s Worldwide Developer Conference this month, the company announced a new set of tools — called Project Catalyst — that allow developers to bring their iPad apps to the Mac by leveraging their existing codebase. This is expected to bring more Mac apps to Apple’s Mac App Store over time, as it simplifies the process of maintaining multiple apps for various platforms. Twitter, for example, said on Friday that it would leverage Project Catalyst to bring its app back to the Mac.

n

Microsoft, however, went a different route. We understand the company wanted to ship the new app to Mac users running older versions of macOS (macOS High Sierra and higher), which Project Catalyst wouldn’t allow.

n

A big question now is what today’s news will mean for Wunderlist — an app that has a near-perfect 4.9 out of 5 stars rating on the Mac App Store and is the No. 21 most popular free app in the store’s Productivity category.

n

As of today’s launch, Microsoft To-Do has seen a surge of downloads and jumped ahead of its predecessor — it now claims the No. 11 spot in the same category (as of the time of writing).

n

Microsoft had earlier promised that it wouldn’t close down Wunderlist until it was confident that it has “incorporated the best of Wunderlist into To-Do.” Some of the company’s initial concerns were adding support for list sharing in To-Do and rolling out support for all platforms — which Microsoft has now done with this Mac app launch.

n

We asked Microsoft if it will comment on its updated plans for Wunderlist as a result of this launch.

n

“We’re not currently working on new features for Wunderlist as we’re concentrating on our new app, Microsoft To-Do,” a spokesperson said. “Once we are confident that we have incorporated the best of Wunderlist into Microsoft To-Do, we will retire Wunderlist,” they added.

n

This is generally the same statement the company made years ago, so it doesn’t add much clarity to the situation.

n

In the meantime, the new Mac version of To-Do is a free download from the Mac App Store here.

n","protected":false},"excerpt":{"rendered":"

Microsoft in 2017 said it would eventually shut down Wunderlist, a company it acquired, in order to forge ahead with its own “to do” app. It has since launched To-Do, as the app is called, on Windows, iOS, Android and the web and expanded its feature set. Today, it’s bringing the app to the Mac, […]n","protected":false},"author":2414667,"featured_media":1845084,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"outcome":"","status":"","crunchbase_tag":0,"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"jetpack_publicize_message":"Microsoft brings its To-Do app to Mac https://tcrn.ch/31DgYJx by @sarahintampa"},"categories":[449557102],"tags":[449557101,227965,637,2704,21858,6973113],"crunchbase_tag":[],"tc_stories_tax":[],"tc_event":[],"jetpack_featured_media_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png","jetpack_publicize_connections":[],"shortlink":"https://tcrn.ch/31DgYJx","rapidData":{"pt":"","pct":""},"featured":false,"subtitle":"","fundingRound":false,"seoTitle":"","seoDescription":"","premiumContent":false,"premiumCutoffPercent":1,"tc_cb_mapping":[{"slug":"microsoft","cb_name":"Microsoft","cb_slug":"microsoft-organization","cb_link":"https://crunchbase.com/organization/microsoft"}],"associatedEvent":null,"event":null,"authors":[2414667],"hideFeaturedImage":false,"relatedArticles":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts/1845051"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/post"}],"version-history":[{"count":9,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1845051/revisions"}],"predecessor-version":[{"id":1845217,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1845051/revisions/1845217"}],"authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/2414667"}],"replies":[{"embeddable":true,"count":0,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1845051&order=asc&tc_hierarchical=flat"}],"https://techcrunch.com/edit":[{"href":"https://techcrunch.com/wp-admin/post.php?post=1845051&action=edit"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/2414667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/media/1845084"}],"wp:attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1845051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/categories?post=1845051"},{"taxonomy":"post_tag","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tags?post=1845051"},{"taxonomy":"_tc_cb_tag_taxonomy","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1845051"},{"taxonomy":"tc_stories_tax","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1845051"},{"taxonomy":"tc_event","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_event?post=1845051"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]},"_embedded":{"authors":[{"id":2414667,"name":"Sarah Perez","url":"","description":"","link":"https://techcrunch.com/author/sarah-perez/","slug":"sarah-perez","avatar_urls":{"24":"https://secure.gravatar.com/avatar/5225bb627e112543aa03bf3b2958be3f?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/5225bb627e112543aa03bf3b2958be3f?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/5225bb627e112543aa03bf3b2958be3f?s=96&d=identicon&r=g"},"links":{"facebook":"http://www.facebook.com/sarahperez","twitter":"https://twitter.com/sarahintampa","linkedin":"http://www.linkedin.com/in/sarahintampa","crunchbase":"https://www.crunchbase.com/person/sarah-perez"},"position":"Writer","cbDescription":"

Sarah currently works as a writer for TechCrunch, after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/lwzxxnshgj71bonwbik3","twitter":"sarahintampa","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/2414667"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"author":[{"id":2414667,"name":"Sarah Perez","url":"","description":"","link":"https://techcrunch.com/author/sarah-perez/","slug":"sarah-perez","avatar_urls":{"24":"https://secure.gravatar.com/avatar/5225bb627e112543aa03bf3b2958be3f?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/5225bb627e112543aa03bf3b2958be3f?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/5225bb627e112543aa03bf3b2958be3f?s=96&d=identicon&r=g"},"links":{"facebook":"http://www.facebook.com/sarahperez","twitter":"https://twitter.com/sarahintampa","linkedin":"http://www.linkedin.com/in/sarahintampa","crunchbase":"https://www.crunchbase.com/person/sarah-perez"},"position":"Writer","cbDescription":"

Sarah currently works as a writer for TechCrunch, after having previously spent over three years at ReadWriteWeb. Prior to her work as a reporter, Sarah worked in I.T. across a number of industries, including banking, retail and software.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/lwzxxnshgj71bonwbik3","twitter":"sarahintampa","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/2414667"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"wp:featuredmedia":[{"id":1845084,"date":"2019-06-17T10:12:18","slug":"microsoft-to-do","type":"attachment","link":"https://techcrunch.com/2019/06/17/microsoft-brings-its-to-do-app-to-mac/microsoft-to-do/","title":{"rendered":"microsoft to-do"},"author":2414667,"license":"","authors":[2414667],"caption":{"rendered":""},"alt_text":"","media_type":"image","mime_type":"image/png","media_details":{"width":1200,"height":628,"file":"2019/06/microsoft-to-do.png","sizes":{"thumbnail":{"file":"microsoft-to-do.png?resize=150,79","width":150,"height":79,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png?w=150"},"medium":{"file":"microsoft-to-do.png?resize=300,157","width":300,"height":157,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png?w=300"},"medium_large":{"file":"microsoft-to-do.png?resize=768,402","width":768,"height":402,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png?w=1024"},"large":{"file":"microsoft-to-do.png?resize=680,356","width":680,"height":356,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png?w=680"},"guest-author-32":{"file":"microsoft-to-do.png?resize=32,32","width":32,"height":32,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png?w=32&h=32&crop=1"},"guest-author-50":{"file":"microsoft-to-do.png?resize=50,50","width":50,"height":50,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png?w=50&h=50&crop=1"},"guest-author-64":{"file":"microsoft-to-do.png?resize=64,64","width":64,"height":64,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png?w=64&h=64&crop=1"},"guest-author-96":{"file":"microsoft-to-do.png?resize=96,96","width":96,"height":96,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png?w=96&h=96&crop=1"},"guest-author-128":{"file":"microsoft-to-do.png?resize=128,128","width":128,"height":128,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png?w=128&h=128&crop=1"},"concierge-thumb":{"file":"microsoft-to-do.png?resize=50,26","width":50,"height":26,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png?w=50"},"full":{"file":"microsoft-to-do.png","width":1024,"height":536,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]},"filesize":234764},"source_url":"https://techcrunch.com/wp-content/uploads/2019/06/microsoft-to-do.png","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/media/1845084"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/media"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/attachment"}],"replies":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1845084"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/2414667"}]}}],"wp:term":[[{"id":449557102,"link":"https://techcrunch.com/apps/","name":"Apps","slug":"apps","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/449557102"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=449557102"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=449557102"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=449557102"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":449557101,"link":"https://techcrunch.com/tag/apps/","name":"Apps","slug":"apps","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/449557101"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=449557101"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449557101"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449557101"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=449557101"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449557101"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":227965,"link":"https://techcrunch.com/tag/mac-apps/","name":"mac apps","slug":"mac-apps","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/227965"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=227965"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=227965"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=227965"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=227965"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=227965"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":637,"link":"https://techcrunch.com/tag/microsoft/","name":"Microsoft","slug":"microsoft","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/637"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=637"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=637"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=637"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=637"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=637"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":2704,"link":"https://techcrunch.com/tag/productivity/","name":"productivity","slug":"productivity","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/2704"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=2704"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=2704"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=2704"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=2704"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=2704"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":21858,"link":"https://techcrunch.com/tag/to-do-list/","name":"to do list","slug":"to-do-list","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/21858"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=21858"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=21858"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=21858"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=21858"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=21858"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":6973113,"link":"https://techcrunch.com/tag/wunderlist/","name":"wunderlist","slug":"wunderlist","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/6973113"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=6973113"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=6973113"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=6973113"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=6973113"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=6973113"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[],[],[]]}},{"id":1843853,"date":"2019-06-17T06:05:17","date_gmt":"2019-06-17T13:05:17","guid":{"rendered":"https://techcrunch.com/?p=1843853"},"modified":"2019-06-17T06:05:17","modified_gmt":"2019-06-17T13:05:17","slug":"startup-founders-need-to-decide-how-much-salary-is-enough","status":"publish","type":"post","link":"https://techcrunch.com/2019/06/17/startup-founders-need-to-decide-how-much-salary-is-enough/","title":{"rendered":"Startup founders need to decide how much salary is enough"},"content":{"rendered":"

Startup founders don’t typically launch a company as a get-rich-quick scheme. Most know that it will be a long, hard slog if they are to succeed. There will be lean years where the money is tight, and where they may personally struggle to pay their bills. They do it because they believe in the mission and they want to build a successful company, where, if all goes well, they could end up with a healthy amount of money.

n

But it takes a lot of hard work, long hours, tough times and a bit of luck to find your way through to a successful outcome, however you choose to define that. Early on every dollar you give yourself is money that’s not going into the business, and while you don’t want to starve yourself, neither do you want to run out of money, and those early dollars are especially valuable.

n

While the ultimate goal is a successful exit, not everyone gets there, and it begs the question, how much is fair to take out in the form of salary, especially in the early years when money is tight, and at what point is it reasonable to sell a bit of equity to take some money out of the business and live a more comfortable life. There are no hard and fast answers.

n

Removing financial obstacles

n

","protected":false},"excerpt":{"rendered":"

Startup founders don’t typically launch a company as a get-rich-quick scheme. Most know that it will be a long, hard slog if they are to succeed. There will be lean years where the money is tight, and where they may personally struggle to pay their bills. They do it because they believe in the mission […]n","protected":false},"author":521068,"featured_media":1843909,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"outcome":"","status":"","crunchbase_tag":0,"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"jetpack_publicize_message":""},"categories":[576602978,449162627,17396,35394854],"tags":[935707,449555225,1163985,576674110,576674108,576674109,576674107],"crunchbase_tag":[326875218],"tc_stories_tax":[],"tc_event":[],"jetpack_featured_media_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg","jetpack_publicize_connections":[],"shortlink":"https://tcrn.ch/2MOKJUm","rapidData":{"pt":"","pct":""},"featured":false,"subtitle":"","fundingRound":false,"seoTitle":"","seoDescription":"","premiumContent":true,"premiumCutoffPercent":0.11,"tc_cb_mapping":[{"slug":"boldstart-ventures","cb_name":"Boldstart Ventures","cb_slug":"boldstart-ventures-organization","cb_link":"https://crunchbase.com/organization/boldstart-ventures"},{"slug":"crv","cb_name":"CRV","cb_slug":"crvvc-organization","cb_link":"https://crunchbase.com/organization/crvvc"},{"slug":"battery-ventures","cb_name":"Battery Ventures","cb_slug":"battery-ventures-organization","cb_link":"https://crunchbase.com/organization/battery-ventures"},{"slug":"ed-sim","cb_name":"Ed Sim","cb_slug":"ed-sim-person","cb_link":"https://crunchbase.com/person/ed-sim"},{"slug":"murat-bicer","cb_name":"Murat Bicer","cb_slug":"murat-bicer-person","cb_link":"https://crunchbase.com/person/murat-bicer"},{"slug":"dharmesh-thakker","cb_name":"Dharmesh Thakker","cb_slug":"dharmesh-thakker-person","cb_link":"https://crunchbase.com/person/dharmesh-thakker"}],"associatedEvent":null,"event":null,"authors":[983141],"hideFeaturedImage":false,"relatedArticles":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts/1843853"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/post"}],"version-history":[{"count":13,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1843853/revisions"}],"predecessor-version":[{"id":1844907,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1843853/revisions/1844907"}],"authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/guest-authors/ronjourn"}],"replies":[{"embeddable":true,"count":0,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1843853&order=asc&tc_hierarchical=flat"}],"https://techcrunch.com/edit":[{"href":"https://techcrunch.com/wp-admin/post.php?post=1843853&action=edit"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/521068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/media/1843909"}],"wp:attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1843853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/categories?post=1843853"},{"taxonomy":"post_tag","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tags?post=1843853"},{"taxonomy":"_tc_cb_tag_taxonomy","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1843853"},{"taxonomy":"tc_stories_tax","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1843853"},{"taxonomy":"tc_event","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_event?post=1843853"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]},"_embedded":{"authors":[{"id":983141,"name":"Ron Miller","link":"https://techcrunch.com/author/ronjourn/","description":"","slug":"ronjourn","links":{"homepage":"https://techcrunch.com/author/ron-miller/","twitter":"http://twitter.com/ron_miller","linkedin":"http://www.linkedin.com/in/ronsmiller","crunchbase":"https://www.crunchbase.com/person/ron-miller"},"position":"Contributor","cbDescription":"

Ron Miller has been writing about the enterprise at TechCrunch since 2014.

nn

Previously, he was a long-time Contributing Editor at EContent Magazine. Past regular gigs included CITEworld, DaniWeb, TechTarget, Internet Evolution and FierceContentManagement.

nn

Disclosures:

nn

Ron is currently corporate blogger for Intronis where he writes once weekly on IT issues. He has contributed to various corporate blogs in the past including Ness, Novell and the IBM Mid-market Blogger Program.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/v1499972664/ht4i7k0bhkvpkjnlxuhp.jpg","twitter":"ron_miller"}],"author":[{"id":521068,"name":"Ron Miller","url":"","description":"","link":"https://techcrunch.com/author/ron-miller/","slug":"ron-miller","avatar_urls":{"24":"https://secure.gravatar.com/avatar/0b82cfe9f0e15c08c5816481c9f383d9?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/0b82cfe9f0e15c08c5816481c9f383d9?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/0b82cfe9f0e15c08c5816481c9f383d9?s=96&d=identicon&r=g"},"links":{"homepage":"https://techcrunch.com/author/ron-miller/","twitter":"https://twitter.com/ron_miller","linkedin":"http://www.linkedin.com/in/ronsmiller","crunchbase":"https://www.crunchbase.com/person/ron-miller"},"position":"Enterprise Reporter","cbDescription":"

Ron Miller has been writing about the enterprise at TechCrunch since 2014.

nn

Previously, he was a long-time Contributing Editor at EContent Magazine. Past regular gigs included CITEworld, DaniWeb, TechTarget, Internet Evolution and FierceContentManagement.

nn

Disclosures:

nn

Ron is currently corporate blogger for Intronis where he writes once weekly on IT issues. He has contributed to various corporate blogs in the past including Ness, Novell and the IBM Mid-market Blogger Program.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/v1499972664/ht4i7k0bhkvpkjnlxuhp.jpg","twitter":"ron_miller","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/521068"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"wp:featuredmedia":[{"id":1843909,"date":"2019-06-14T06:00:44","slug":"modern-office-interior","type":"attachment","link":"https://techcrunch.com/2019/06/17/startup-founders-need-to-decide-how-much-salary-is-enough/modern-office-interior/","title":{"rendered":"Modern office interior"},"author":521068,"license":{"source_key":"getty images","person":"Westend61"},"authors":[521068],"caption":{"rendered":""},"alt_text":"","media_type":"image","mime_type":"image/jpeg","media_details":{"width":2120,"height":1414,"file":"2019/06/GettyImages-934873218.jpg","sizes":{"thumbnail":{"file":"GettyImages-934873218.jpg?resize=150,100","width":150,"height":100,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg?w=150"},"medium":{"file":"GettyImages-934873218.jpg?resize=300,200","width":300,"height":200,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg?w=300"},"medium_large":{"file":"GettyImages-934873218.jpg?resize=768,512","width":768,"height":512,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg?w=1024"},"large":{"file":"GettyImages-934873218.jpg?resize=680,454","width":680,"height":454,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg?w=680"},"guest-author-32":{"file":"GettyImages-934873218.jpg?resize=32,32","width":32,"height":32,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"GettyImages-934873218.jpg?resize=50,50","width":50,"height":50,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"GettyImages-934873218.jpg?resize=64,64","width":64,"height":64,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"GettyImages-934873218.jpg?resize=96,96","width":96,"height":96,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"GettyImages-934873218.jpg?resize=128,128","width":128,"height":128,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"GettyImages-934873218.jpg?resize=50,33","width":50,"height":33,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg?w=50"},"full":{"file":"GettyImages-934873218.jpg","width":1024,"height":683,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg"}},"image_meta":{"aperture":"0","credit":"Getty Images/Westend61","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"Modern office interior","orientation":"0","keywords":["interior,workplace,couch,wooden table,racing cycle,pc,job,nobody"]},"filesize":1706815},"source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-934873218.jpg","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/media/1843909"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/media"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/attachment"}],"replies":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1843909"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/521068"}]}}],"wp:term":[[{"id":576602978,"link":"https://techcrunch.com/funding/","name":"Funding","slug":"funding","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/576602978"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=576602978"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=576602978"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=576602978"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449162627,"link":"https://techcrunch.com/personnel/","name":"Personnel","slug":"personnel","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/449162627"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=449162627"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=449162627"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=449162627"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":17396,"link":"https://techcrunch.com/tc/","name":"TC","slug":"tc","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/17396"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=17396"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=17396"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=17396"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":35394854,"link":"https://techcrunch.com/venture-capital-2/","name":"Venture Capital","slug":"venture-capital-2","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/35394854"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=35394854"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=35394854"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=35394854"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":935707,"link":"https://techcrunch.com/tag/battery-ventures/","name":"battery ventures","slug":"battery-ventures","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/935707"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=935707"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=935707"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=935707"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=935707"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=935707"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449555225,"link":"https://techcrunch.com/tag/boldstart-ventures/","name":"Boldstart Ventures","slug":"boldstart-ventures","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/449555225"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=449555225"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449555225"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449555225"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=449555225"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449555225"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":1163985,"link":"https://techcrunch.com/tag/crv/","name":"CRV","slug":"crv","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/1163985"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=1163985"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=1163985"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=1163985"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=1163985"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=1163985"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576674110,"link":"https://techcrunch.com/tag/dharmesh-thakker/","name":"Dharmesh Thakker","slug":"dharmesh-thakker","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/576674110"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=576674110"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576674110"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576674110"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=576674110"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576674110"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576674108,"link":"https://techcrunch.com/tag/ed-sim/","name":"Ed Sim","slug":"ed-sim","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/576674108"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=576674108"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576674108"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576674108"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=576674108"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576674108"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576674109,"link":"https://techcrunch.com/tag/murat-bicer/","name":"Murat Bicer","slug":"murat-bicer","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/576674109"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=576674109"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576674109"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576674109"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=576674109"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576674109"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576674107,"link":"https://techcrunch.com/tag/startup-issues/","name":"startup issues","slug":"startup-issues","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/576674107"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=576674107"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576674107"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576674107"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=576674107"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576674107"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":326875218,"link":"https://techcrunch.com/?taxonomy=_tc_cb_tag_taxonomy&term=dharmesh-thakker-person","name":"dharmesh-thakker-person","slug":"dharmesh-thakker-person","taxonomy":"_tc_cb_tag_taxonomy","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag/326875218"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/_tc_cb_tag_taxonomy"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?crunchbase_tag=326875218"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?crunchbase_tag=326875218"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[],[]]}},{"id":1845039,"date":"2019-06-17T09:24:47","date_gmt":"2019-06-17T16:24:47","guid":{"rendered":"https://techcrunch.com/?p=1845039"},"modified":"2019-06-17T11:15:22","modified_gmt":"2019-06-17T18:15:22","slug":"tim-cook-says-silicon-valley-has-created-too-much-chaos","status":"publish","type":"post","link":"https://techcrunch.com/2019/06/17/tim-cook-says-silicon-valley-has-created-too-much-chaos/","title":{"rendered":"Tim Cook says Silicon Valley has created too much chaos"},"content":{"rendered":"

Apple CEO Tim Cook gave a speech to Stanford graduates this weekend. In addition to the usual motivational stuff, he attacked other big tech companies in a not-so-subtle way. He painted a stark picture of Silicon Valley, saying itu2019s responsible for too many mistakes.

n

u201cToday we gather at a moment that demands some reflections. Fueled by caffeine and code, optimism and idealism, conviction and creativity, generations of Stanford graduates and dropouts have used technology to remake our society,u201d Cook said.

n

u201cBut I think you would agree that lately the results havenu2019t been neat or straightforward. In just the four years that youu2019ve been here, things feel like theyu2019ve taken a sharp turn. Crisis has tempered optimism. Consequences have challenged idealism. And reality has shaken blind faith.u201d

n

In order to counterbalance that statement, Cook named a few great inventions that were born in Silicon Valley, from Hewlett Packardu2019s oscillator to the iPhone, social media, shareable videos and Snapchat stories u2014 YouTube and Facebook werenu2019t named directly.

n

u201cBut lately it seems this industry is becoming better known for a less noble innovation u2014 the belief that you can claim credit without accepting responsibility. We see it every day now with every data breach, every privacy violation, every blind eye turned to hate speech, fake news poisoning our national conversation, the false miracles in exchange for a single drop of your blood,u201d he continued.

n

u201cIt feels a bit crazy that anyone has to say this, but if you built a chaos factory, you canu2019t dodge responsibility for the chaos. Taking responsibility means having the courage to think things through,u201d he added later.

n

Cook then focused on privacy, a topic that is dear to his heart. u201cIf we accept as normal and unavoidable that anything in our lives can be aggregated, sold or even leaked in the event of a hack, then we lose so much more than data. We lose the freedom to be human,u201d he said. u201cThe chilling effect of digital surveillance is profound and it touches everything.u201d

n

Sure, itu2019s easier to say that as the CEO of Apple. The company still generates the vast majority of its revenue from hardware. And Apple can be criticized for many business practices as well. But itu2019s hard to disagree with Cook on this topic.

n

n","protected":false},"excerpt":{"rendered":"

Apple CEO Tim Cook gave a speech to Stanford graduates this weekend. In addition to the usual motivational stuff, he attacked other big tech companies in a not-so-subtle way. He painted a stark picture of Silicon Valley, saying itu2019s responsible for too many mistakes. u201cToday we gather at a moment that demands some reflections. Fueled […]n","protected":false},"author":7636871,"featured_media":1845041,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"outcome":"","status":"","crunchbase_tag":0,"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"jetpack_publicize_message":"Tim Cook says Silicon Valley has created too much chaos https://tcrn.ch/2RhUZDe by @romaindillet"},"categories":[426637499],"tags":[291,792407],"crunchbase_tag":[197365513],"tc_stories_tax":[],"tc_event":[],"jetpack_featured_media_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg","jetpack_publicize_connections":[],"shortlink":"https://tcrn.ch/2RhUZDe","rapidData":{"pt":"","pct":""},"featured":false,"subtitle":"","fundingRound":false,"seoTitle":"","seoDescription":"","premiumContent":false,"premiumCutoffPercent":1,"tc_cb_mapping":[{"slug":"tim-cook","cb_name":"Tim Cook","cb_slug":"tim-cook-person","cb_link":"https://crunchbase.com/person/tim-cook"},{"slug":"apple","cb_name":"Apple","cb_slug":"apple-organization","cb_link":"https://crunchbase.com/organization/apple"}],"associatedEvent":null,"event":null,"authors":[7636871],"hideFeaturedImage":false,"relatedArticles":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts/1845039"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/post"}],"version-history":[{"count":2,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1845039/revisions"}],"predecessor-version":[{"id":1845043,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1845039/revisions/1845043"}],"authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/7636871"}],"replies":[{"embeddable":true,"count":2,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1845039&order=asc&tc_hierarchical=flat"}],"https://techcrunch.com/edit":[{"href":"https://techcrunch.com/wp-admin/post.php?post=1845039&action=edit"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/7636871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/media/1845041"}],"wp:attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1845039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/categories?post=1845039"},{"taxonomy":"post_tag","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tags?post=1845039"},{"taxonomy":"_tc_cb_tag_taxonomy","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1845039"},{"taxonomy":"tc_stories_tax","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1845039"},{"taxonomy":"tc_event","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_event?post=1845039"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]},"_embedded":{"authors":[{"id":7636871,"name":"Romain Dillet","url":"https://twitter.com/romaindillet","description":"Romain Dillet is a Senior Writer at TechCrunch.rnrnOriginally from France, Romain attended EMLYON Business School, a leading French business school specialized in entrepreneurship. He covers many things from mobile apps with great design to fashion, Apple, AI and complex tech achievements. He also speaks at major tech conferences. He likes pop culture more than anything in the world.rnrnHe now lives in Paris when heu2019s not on the road. He used to live in New York and loved it.","link":"https://techcrunch.com/author/romain-dillet/","slug":"romain-dillet","avatar_urls":{"24":"https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=96&d=identicon&r=g"},"links":{"twitter":"https://twitter.com/romaindillet","linkedin":"https://www.linkedin.com/in/romaindillet/","crunchbase":"https://www.crunchbase.com/person/romain-dillet"},"position":"Senior Writer","cbDescription":"

Romain Dillet is a Senior Writer at TechCrunch.

nn

Originally from France, Romain attended EMLYON Business School, a leading French business school specialized in entrepreneurship. He covers many things from mobile apps with great design to privacy, security, fintech, Apple, AI and complex tech achievements. He also speaks at major tech conferences. He likes pop culture more than anything in the world.

nn

He now lives in Paris when he's not on the road. He used to live in New York and loved it.

nn

He owns small amounts of various cryptocurrencies.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/v1474198996/bdaopvsaapmuniwou7l2.jpg","twitter":"romaindillet","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/7636871"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"replies":[[{"id":666031,"parent":0,"author":0,"author_name":"Darcy Fitzpatrick","author_url":"","date":"2019-06-17T12:37:46","content":{"rendered":"

“Sure, itu2019s easier to say that as the CEO of Apple.”

n

Actually, it’s the opposite. While every other tech company is taking the easy path, giving in to the temptation of harvesting and monetizing their customers’ data, Apple has taken the more difficult path of monetizing the products and services they produce and sell to their customers, and ensuring their customers’ data remains private and secure in the process.

n

Every other company out there is taking the easy path and Apple are staying true to their values despite how lucrative it may be in the short term to give in and follow the trend.

n"},"link":"https://techcrunch.com/2019/06/17/tim-cook-says-silicon-valley-has-created-too-much-chaos/#comment-666031","type":"comment","author_avatar_urls":{"24":"https://secure.gravatar.com/avatar/c2d34731988375cd3c4f20a1bd48cdd8?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/c2d34731988375cd3c4f20a1bd48cdd8?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/c2d34731988375cd3c4f20a1bd48cdd8?s=96&d=identicon&r=g"},"techcrunch":{"avatar":"https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg","company":"(no company found)","title":"(no title found)","user":"KCEOAFFGQUKWOIZ3DFBNCAZLKI"},"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments/666031"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments"}],"up":[{"embeddable":true,"post_type":"post","href":"https://techcrunch.com/wp-json/wp/v2/posts/1845039"}],"children":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments?parent=666031"}]}},{"id":666034,"parent":666031,"author":0,"author_name":"M E","author_url":"","date":"2019-06-17T14:24:09","content":{"rendered":"

Exactly! Thank you.

n

Apple could easily grow their revenue significantly by harvesting all the iPhone and Apple Watch data. Location, health, when we wake up and go to sleep, even what we order for food, what we buy, etc. They could even take a sliver of this and give Google & Facebook a run for their money in terms of targeted ads.

n

But they’re sticking to hardware. And hardware brings a host of issues from Chinese supply chains to foreign exchange rates, etc.

n

Bravo Apple!

n"},"link":"https://techcrunch.com/2019/06/17/tim-cook-says-silicon-valley-has-created-too-much-chaos/#comment-666034","type":"comment","author_avatar_urls":{"24":"https://secure.gravatar.com/avatar/cf975637dd3cd06b8864278da3cec0d1?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/cf975637dd3cd06b8864278da3cec0d1?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/cf975637dd3cd06b8864278da3cec0d1?s=96&d=identicon&r=g"},"techcrunch":{"avatar":"https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg","company":"(no company found)","title":"(no title found)","user":"KJUPOG5D2O4RIBPCROJGRX5UAU"},"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments/666034"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments"}],"up":[{"embeddable":true,"post_type":"post","href":"https://techcrunch.com/wp-json/wp/v2/posts/1845039"}],"in-reply-to":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments/666031"}]}}]],"author":[{"id":7636871,"name":"Romain Dillet","url":"https://twitter.com/romaindillet","description":"Romain Dillet is a Senior Writer at TechCrunch.rnrnOriginally from France, Romain attended EMLYON Business School, a leading French business school specialized in entrepreneurship. He covers many things from mobile apps with great design to fashion, Apple, AI and complex tech achievements. He also speaks at major tech conferences. He likes pop culture more than anything in the world.rnrnHe now lives in Paris when heu2019s not on the road. He used to live in New York and loved it.","link":"https://techcrunch.com/author/romain-dillet/","slug":"romain-dillet","avatar_urls":{"24":"https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=96&d=identicon&r=g"},"links":{"twitter":"https://twitter.com/romaindillet","linkedin":"https://www.linkedin.com/in/romaindillet/","crunchbase":"https://www.crunchbase.com/person/romain-dillet"},"position":"Senior Writer","cbDescription":"

Romain Dillet is a Senior Writer at TechCrunch.

nn

Originally from France, Romain attended EMLYON Business School, a leading French business school specialized in entrepreneurship. He covers many things from mobile apps with great design to privacy, security, fintech, Apple, AI and complex tech achievements. He also speaks at major tech conferences. He likes pop culture more than anything in the world.

nn

He now lives in Paris when he's not on the road. He used to live in New York and loved it.

nn

He owns small amounts of various cryptocurrencies.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/v1474198996/bdaopvsaapmuniwou7l2.jpg","twitter":"romaindillet","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/7636871"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"wp:featuredmedia":[{"id":1845041,"date":"2019-06-17T09:21:30","slug":"stanford-university-holds-commencement-ceremony","type":"attachment","link":"https://techcrunch.com/2019/06/17/tim-cook-says-silicon-valley-has-created-too-much-chaos/stanford-university-holds-commencement-ceremony/","title":{"rendered":"Stanford University Holds Commencement Ceremony"},"author":7636871,"license":{"source_key":"getty images","person":"Liu Guanguan / China News Service / VCG"},"authors":[7636871],"caption":{"rendered":"

STANFORD, CA – JUNE 16: Apple CEO Tim Cook speaks during the 128th Stanford University commencement ceremony on June 16, 2019 in Stanford, California. (Photo by Liu Guanguan/China News Service/VCG via Getty Images)

n"},"alt_text":"","media_type":"image","mime_type":"image/jpeg","media_details":{"width":4000,"height":2879,"file":"2019/06/GettyImages-1156438909.jpg","sizes":{"thumbnail":{"file":"GettyImages-1156438909.jpg?resize=150,108","width":150,"height":108,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg?w=150"},"medium":{"file":"GettyImages-1156438909.jpg?resize=300,216","width":300,"height":216,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg?w=300"},"medium_large":{"file":"GettyImages-1156438909.jpg?resize=768,553","width":768,"height":553,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg?w=1024"},"large":{"file":"GettyImages-1156438909.jpg?resize=680,489","width":680,"height":489,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg?w=680"},"guest-author-32":{"file":"GettyImages-1156438909.jpg?resize=32,32","width":32,"height":32,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"GettyImages-1156438909.jpg?resize=50,50","width":50,"height":50,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"GettyImages-1156438909.jpg?resize=64,64","width":64,"height":64,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"GettyImages-1156438909.jpg?resize=96,96","width":96,"height":96,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"GettyImages-1156438909.jpg?resize=128,128","width":128,"height":128,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"GettyImages-1156438909.jpg?resize=50,36","width":50,"height":36,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg?w=50"},"full":{"file":"GettyImages-1156438909.jpg","width":1024,"height":737,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg"}},"image_meta":{"aperture":"0","credit":"VCG via Getty Images","camera":"","caption":"STANFORD, CA - JUNE 16: Apple CEO Tim Cook speaks during the 128th Stanford University commencement ceremony on June 16, 2019 in Stanford, California. (Photo by Liu Guanguan/China News Service/VCG via Getty Images)","created_timestamp":"0","copyright":"2019 VCG","focal_length":"0","iso":"0","shutter_speed":"0","title":"Stanford University Holds Commencement Ceremony","orientation":"0","keywords":[]},"filesize":495947},"source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-1156438909.jpg","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/media/1845041"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/media"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/attachment"}],"replies":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1845041"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/7636871"}]}}],"wp:term":[[{"id":426637499,"link":"https://techcrunch.com/privacy/","name":"Privacy","slug":"privacy","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/426637499"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=426637499"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=426637499"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=426637499"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":291,"link":"https://techcrunch.com/tag/apple/","name":"Apple","slug":"apple","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/291"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=291"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=291"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=291"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=291"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=291"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":792407,"link":"https://techcrunch.com/tag/tim-cook/","name":"Tim Cook","slug":"tim-cook","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/792407"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=792407"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=792407"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=792407"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=792407"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=792407"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":197365513,"link":"https://techcrunch.com/?taxonomy=_tc_cb_tag_taxonomy&term=apple-organization","name":"apple-organization","slug":"apple-organization","taxonomy":"_tc_cb_tag_taxonomy","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag/197365513"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/_tc_cb_tag_taxonomy"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?crunchbase_tag=197365513"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?crunchbase_tag=197365513"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[],[]]}},{"id":1844860,"date":"2019-06-17T04:22:20","date_gmt":"2019-06-17T11:22:20","guid":{"rendered":"https://techcrunch.com/?p=1844860"},"modified":"2019-06-17T08:59:59","modified_gmt":"2019-06-17T15:59:59","slug":"alibaba-proposes-share-split","status":"publish","type":"post","link":"https://techcrunch.com/2019/06/17/alibaba-proposes-share-split/","title":{"rendered":"Alibaba proposes share split ahead of reported $20B Hong Kong IPO"},"content":{"rendered":"

Alibaba is being heavily linked with a public listing in Hong Kong, which could reportedly happen in Q3 and raise up to $20 billion. The firm is keeping quiet on those rumors, but it did let slip a major hint after it announced plans for a stock split.

n

Filings uploaded today (but originally released Friday) announced a proposal for a one-to-eight stock split.

n

Shareholders are invited to vote on the offer ahead of the company’s annual general meeting on July 15. The initiative has already been approved by Alibaba’s board, which is recommending that shareholders follow suit.

n

The particularly interesting part of the filing is where Alibaba explains the reasons behind the stock split.

n

“The Board of Directors is proposing the Share Subdivision to increase the flexibility for the Company in future capital market activities. Among other reasons, the one-to-eight share subdivision will increase the number of shares available for issuance at a lower per share price, and the Board of Directors believes that this will increase flexibility in the Companyu2019s capital raising activities, including the issuance of new shares,” the filing reads.

n

That would appear to clear the way for a second listing for the company, which went public in a record U.S. IPO that raised more than $20 billion in 2014.

n

Alibaba declined to provide further comment when we asked.

n

Reports last week suggested that the Chinese e-commerce giant has already filed initial paperwork for the listing, which would become the largest such float on the Hong Kong stock exchange. The city has become a destination for Chinese tech IPOs since relaxed listing rules came into effect two years ago. Ironically, a lack of flexibility was cited as a key reason why Alibaba picked the U.S. over Hong Kong for its 2014 listing.

n

Tech firms that have gone public in Hong Kong include Razer, Xiaomi, Tencent’s China Literature and selfie app company Meitu. Despite the hype, some have been guarded of Hong Kong’s suitability for tech firms, which are often not profitable when listing. Indeed, Razer CEO Min-Liang Tan previously warned that “the U.S. [public markets] are probably more cognizant of tech companies” than Hong Kong retail investors.

n","protected":false},"excerpt":{"rendered":"

Alibaba is being heavily linked with a public listing in Hong Kong, which could reportedly happen in Q3 and raise up to $20 billion. The firm is keeping quiet on those rumors, but it did let slip a major hint after it announced plans for a stock split. Filings uploaded today (but originally released Friday) […]n","protected":false},"author":5956050,"featured_media":1549123,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"outcome":"","status":"","crunchbase_tag":0,"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"jetpack_publicize_message":"Alibaba proposes share split ahead of reported $20B Hong Kong IPO https://tcrn.ch/2L1kU0G by @jonrussell"},"categories":[449557111],"tags":[929443,2666311,576595677,2639695,449556974,68714840,525935,542665,449557049,61334014],"crunchbase_tag":[],"tc_stories_tax":[],"tc_event":[],"jetpack_featured_media_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg","jetpack_publicize_connections":[],"shortlink":"https://tcrn.ch/2L1kU0G","rapidData":{"pt":"","pct":""},"featured":false,"subtitle":"","fundingRound":false,"seoTitle":"","seoDescription":"","premiumContent":false,"premiumCutoffPercent":1,"tc_cb_mapping":[{"slug":"razer","cb_name":"Razer","cb_slug":"razer-organization","cb_link":"https://crunchbase.com/organization/razer"},{"slug":"xiaomi","cb_name":"Xiaomi","cb_slug":"xiaomi-organization","cb_link":"https://crunchbase.com/organization/xiaomi"},{"slug":"min-liang-tan","cb_name":"Min-Liang Tan","cb_slug":"min-liang-tan-person","cb_link":"https://crunchbase.com/person/min-liang-tan"},{"slug":"alibaba-group","cb_name":"Alibaba Group","cb_slug":"alibaba-organization","cb_link":"https://crunchbase.com/organization/alibaba"},{"slug":"meitu","cb_name":"Meitu","cb_slug":"meitu-organization","cb_link":"https://crunchbase.com/organization/meitu"},{"slug":"china-literature","cb_name":"China Literature","cb_slug":"china-literature-organization","cb_link":"https://crunchbase.com/organization/china-literature"}],"associatedEvent":null,"event":null,"authors":[5956050],"hideFeaturedImage":false,"relatedArticles":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts/1844860"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/post"}],"version-history":[{"count":5,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1844860/revisions"}],"predecessor-version":[{"id":1845025,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1844860/revisions/1845025"}],"authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/5956050"}],"replies":[{"embeddable":true,"count":0,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1844860&order=asc&tc_hierarchical=flat"}],"https://techcrunch.com/edit":[{"href":"https://techcrunch.com/wp-admin/post.php?post=1844860&action=edit"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/5956050"}],"wp:featuredmedia":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/media/1549123"}],"wp:attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1844860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/categories?post=1844860"},{"taxonomy":"post_tag","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tags?post=1844860"},{"taxonomy":"_tc_cb_tag_taxonomy","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1844860"},{"taxonomy":"tc_stories_tax","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1844860"},{"taxonomy":"tc_event","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_event?post=1844860"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]},"_embedded":{"authors":[{"id":5956050,"name":"Jon Russell","url":"","description":"","link":"https://techcrunch.com/author/jon-russell/","slug":"jon-russell","avatar_urls":{"24":"https://secure.gravatar.com/avatar/5f5876ccfd72ee5c2620b86429e8caf5?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/5f5876ccfd72ee5c2620b86429e8caf5?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/5f5876ccfd72ee5c2620b86429e8caf5?s=96&d=identicon&r=g"},"links":{"homepage":"http://asiatechreview.com","twitter":"https://twitter.com/jonrussell","linkedin":"http://th.linkedin.com/in/jmarussell","crunchbase":"https://www.crunchbase.com/person/jon-russell-2"},"position":"Writer","cbDescription":"

Jon Russell has been a reporter for TechCrunch since 2014 covering all things tech in Asia, in particular the major players in China, India and Southeast Asia. Originally from the UK, he is based in Bangkok and has lived in Thailand since 2008. During that time, Jon has watched smartphones and the internet, most notably Facebook, completely change the daily life of people across Southeast Asia. That's pace of change is set to continue as tech and startups become all the more influential in the region, and that's what keeps Jon's interest and attention.

nn

You reach Jon via jr@techcrunch.com or use his PGP key. He's also active on Telegram (@jonrussell) and Twitter (@jonrussell) and he runs a weekly newsletter at Asiatechreview.com.

nn

Note: Jon owns a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/ea9babfujmoiwhjfy16h","twitter":"jonrussell","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/5956050"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"author":[{"id":5956050,"name":"Jon Russell","url":"","description":"","link":"https://techcrunch.com/author/jon-russell/","slug":"jon-russell","avatar_urls":{"24":"https://secure.gravatar.com/avatar/5f5876ccfd72ee5c2620b86429e8caf5?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/5f5876ccfd72ee5c2620b86429e8caf5?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/5f5876ccfd72ee5c2620b86429e8caf5?s=96&d=identicon&r=g"},"links":{"homepage":"http://asiatechreview.com","twitter":"https://twitter.com/jonrussell","linkedin":"http://th.linkedin.com/in/jmarussell","crunchbase":"https://www.crunchbase.com/person/jon-russell-2"},"position":"Writer","cbDescription":"

Jon Russell has been a reporter for TechCrunch since 2014 covering all things tech in Asia, in particular the major players in China, India and Southeast Asia. Originally from the UK, he is based in Bangkok and has lived in Thailand since 2008. During that time, Jon has watched smartphones and the internet, most notably Facebook, completely change the daily life of people across Southeast Asia. That's pace of change is set to continue as tech and startups become all the more influential in the region, and that's what keeps Jon's interest and attention.

nn

You reach Jon via jr@techcrunch.com or use his PGP key. He's also active on Telegram (@jonrussell) and Twitter (@jonrussell) and he runs a weekly newsletter at Asiatechreview.com.

nn

Note: Jon owns a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/ea9babfujmoiwhjfy16h","twitter":"jonrussell","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/5956050"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"wp:featuredmedia":[{"id":1549123,"date":"2017-09-29T08:57:21","slug":"china-zhejiang-alibaba-real-time-gmv-cn","type":"attachment","link":"https://techcrunch.com/china-zhejiang-alibaba-real-time-gmv-cn/","title":{"rendered":"CHINA-ZHEJIANG-ALIBABA-REAL TIME GMV (CN)"},"author":24893112,"license":"","authors":[24893112],"caption":{"rendered":"

HANGZHOU, March 21, 2016– People walk past a logo of China’s e-commerce giant Alibaba in Hangzhou, capital of east China’s Zhejiang Province, March 21, 2016. Alibaba China retail marketplaces real-time gross merchandize value in fiscal year 2016 reached three trillion RMB at 2:58 p.m. on March 21, 2016. This means Alibaba Group, China’s leading e-commerce company, might exceed Wal-Mart and become the world’s biggest retail platform in fiscal year 2016, according to analysis. (Xinhua/Wang Dingchang via Getty Images)

n"},"alt_text":"","media_type":"image","mime_type":"image/jpeg","media_details":{"width":2283,"height":1215,"file":"2017/09/gettyimages-516871766-e1548854716530.jpg","sizes":{"thumbnail":{"file":"gettyimages-516871766.jpg?resize=150,95","width":150,"height":95,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg?w=150"},"medium":{"file":"gettyimages-516871766.jpg?resize=300,190","width":300,"height":190,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg?w=300"},"medium_large":{"file":"gettyimages-516871766.jpg?resize=768,485","width":768,"height":485,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg?w=1024"},"large":{"file":"gettyimages-516871766.jpg?resize=680,430","width":680,"height":430,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg?w=680"},"guest-author-32":{"file":"gettyimages-516871766.jpg?resize=32,32","width":32,"height":32,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"gettyimages-516871766.jpg?resize=50,50","width":50,"height":50,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"gettyimages-516871766.jpg?resize=64,64","width":64,"height":64,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"gettyimages-516871766.jpg?resize=96,96","width":96,"height":96,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"gettyimages-516871766.jpg?resize=128,128","width":128,"height":128,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"gettyimages-516871766.jpg?resize=50,32","width":50,"height":32,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg?w=50"},"full":{"file":"gettyimages-516871766-e1548854716530.jpg","width":1024,"height":545,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg"}},"image_meta":{"aperture":"0","credit":"Xinhua News Agency/Getty Images","camera":"","caption":"HANGZHOU, March 21, 2016-- People walk past a logo of China's e-commerce giant Alibaba in Hangzhou, capital of east China's Zhejiang Province, March 21, 2016. Alibaba China retail marketplaces real-time gross merchandize value in fiscal year 2016 reached three trillion RMB at 2:58 p.m. on March 21, 2016. This means Alibaba Group, China's leading e-commerce company, might exceed Wal-Mart and become the world's biggest retail platform in fiscal year 2016, according to analysis. (Xinhua/Wang Dingchang via Getty Images)","created_timestamp":"1458518400","copyright":"Xinhua News Agency","focal_length":"0","iso":"0","shutter_speed":"0","title":"CHINA-ZHEJIANG-ALIBABA-REAL TIME GMV (CN)","orientation":"0","keywords":["ce"]},"filesize":1016979},"source_url":"https://techcrunch.com/wp-content/uploads/2017/09/gettyimages-516871766-e1548854716530.jpg","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/media/1549123"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/media"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/attachment"}],"replies":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1549123"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/24893112"}]}}],"wp:term":[[{"id":449557111,"link":"https://techcrunch.com/asia/","name":"Asia","slug":"asia","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/449557111"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=449557111"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=449557111"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=449557111"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":929443,"link":"https://techcrunch.com/tag/alibaba/","name":"alibaba","slug":"alibaba","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/929443"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=929443"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=929443"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=929443"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=929443"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=929443"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":2666311,"link":"https://techcrunch.com/tag/alibaba-group/","name":"alibaba group","slug":"alibaba-group","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/2666311"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=2666311"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=2666311"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=2666311"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=2666311"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=2666311"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576595677,"link":"https://techcrunch.com/tag/china-literature/","name":"china literature","slug":"china-literature","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/576595677"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=576595677"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576595677"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576595677"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=576595677"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576595677"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":2639695,"link":"https://techcrunch.com/tag/initial-public-offering/","name":"initial public offering","slug":"initial-public-offering","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/2639695"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=2639695"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=2639695"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=2639695"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=2639695"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=2639695"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449556974,"link":"https://techcrunch.com/tag/meitu/","name":"meitu","slug":"meitu","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/449556974"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=449556974"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449556974"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449556974"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=449556974"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449556974"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":68714840,"link":"https://techcrunch.com/tag/min-liang-tan/","name":"Min-Liang Tan","slug":"min-liang-tan","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/68714840"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=68714840"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=68714840"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=68714840"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=68714840"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=68714840"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":525935,"link":"https://techcrunch.com/tag/razer/","name":"Razer","slug":"razer","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/525935"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=525935"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=525935"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=525935"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=525935"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=525935"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":542665,"link":"https://techcrunch.com/tag/tencent/","name":"Tencent","slug":"tencent","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/542665"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=542665"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=542665"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=542665"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=542665"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=542665"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449557049,"link":"https://techcrunch.com/tag/united-states/","name":"United States","slug":"united-states","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/449557049"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=449557049"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449557049"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449557049"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=449557049"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449557049"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":61334014,"link":"https://techcrunch.com/tag/xiaomi/","name":"Xiaomi","slug":"xiaomi","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/61334014"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=61334014"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=61334014"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=61334014"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=61334014"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=61334014"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[],[],[]]}}],"ec":[{"id":1842892,"date":"2019-06-14T12:15:34","date_gmt":"2019-06-14T19:15:34","guid":{"rendered":"https://techcrunch.com/?p=1842892"},"modified":"2019-06-14T12:17:06","modified_gmt":"2019-06-14T19:17:06","slug":"you-won-the-h-1b-lottery-dont-lose-your-ticket-when-changing-jobs","status":"publish","type":"post","link":"https://techcrunch.com/2019/06/14/you-won-the-h-1b-lottery-dont-lose-your-ticket-when-changing-jobs/","title":{"rendered":"You won the H-1B lottery: Donu2019t lose your ticket when changing jobs"},"content":{"rendered":"nn

Getting an H-1B skilled-worker visa is like winning the lottery u2014 literally: With the number of new visas issued each year capped at 85,000, most of this year’s over 200,000 applicants face disappointment. But if youu2019re already working in the United States, then youu2019ve already won the H-1B lottery, and that makes you a hot commodity.

n

With H-1Bs in short supply, successful companies frequently poach skilled workers. Everyone knows the tech sector thrives on this free exchange of people and ideas, so if another employer needs your skills, why not start working for them?

n

Well, not so fast. H-1B holders can work only for the company that originally sponsored their visa application. So if you want to change employers, youu2019ll need to u201ctransferu201d your H-1B.

n

That process used to be relatively straightforward but not in the Trump era. (Boundless recently underwent this process with an employee, so we understand the pain.) The denial rate for initial H-1B applications spiked over five-fold to 32 percent just in the first quarter of fiscal 2019, up from 6 percent in 2015. Crucially, the Trump administration is targeting u201ccontinuingu201d H-1B applications used by existing employees to either renew their H-1B or switch it to a new employer. Even tech giants like Amazon are now seeing double-digit rejection rates.

n

n

The bottom line: The days of getting an H-1B transfer quickly rubber-stamped are long gone, and that makes it vital to do whatever you can to keep the odds in your favor. The stakes are high u2014 if things go south, you could lose your right to live and work in the United States. Hereu2019s what H-1B holders need to know about the right u2014 and wrong u2014 ways to set about switching employers:

n

Donu2019t take your transfer for granted.

n

First, understand that an H-1B u201ctransferu201d is actually a brand new visa application, not a simple handover of your existing H-1B visa from one employer to another u2014 thereu2019s no such thing.

n

","protected":false},"excerpt":{"rendered":"

Getting an H-1B skilled-worker visa is like winning the lottery u2014 literally: With the number of new visas issued each year capped at 85,000, most of this year’s over 200,000 applicants face disappointment. But if youu2019re already working in the United States, then youu2019ve already won the H-1B lottery, and that makes you a hot commodity.

n","protected":false},"author":133574221,"featured_media":1843468,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"outcome":"","status":"","crunchbase_tag":0,"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"jetpack_publicize_message":""},"categories":[25515,15986864,449162627,13217],"tags":[6602,267801,449558381,331275,4363,449558092],"crunchbase_tag":[],"tc_stories_tax":[],"tc_event":[],"jetpack_featured_media_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg","jetpack_publicize_connections":[],"shortlink":"https://tcrn.ch/2WKNIBY","rapidData":{"pt":"","pct":""},"featured":true,"subtitle":"H-1B holders are a hot commodity u2014 hereu2019s how to pull off a u201ctransferu201d to a new employer","fundingRound":false,"seoTitle":"","seoDescription":"","premiumContent":true,"premiumCutoffPercent":0.3,"tc_cb_mapping":[],"associatedEvent":null,"event":null,"authors":[1830880],"hideFeaturedImage":false,"relatedArticles":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts/1842892"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/post"}],"version-history":[{"count":16,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1842892/revisions"}],"predecessor-version":[{"id":1844291,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1842892/revisions/1844291"}],"authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/guest-authors/xiao-wang-anjana-prasad"}],"replies":[{"embeddable":true,"count":0,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1842892&order=asc&tc_hierarchical=flat"}],"https://techcrunch.com/edit":[{"href":"https://techcrunch.com/wp-admin/post.php?post=1842892&action=edit"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/133574221"}],"wp:featuredmedia":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/media/1843468"}],"wp:attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1842892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/categories?post=1842892"},{"taxonomy":"post_tag","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tags?post=1842892"},{"taxonomy":"_tc_cb_tag_taxonomy","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1842892"},{"taxonomy":"tc_stories_tax","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1842892"},{"taxonomy":"tc_event","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_event?post=1842892"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]},"_embedded":{"authors":[{"id":1830880,"name":" ","link":"https://techcrunch.com/author/xiao-wang-anjana-prasad/","description":"Anjana Prasad is senior advisor of immigration law and Xiao Wang is CEO at Boundless, a technology startup that has helped thousands of immigrant families apply for marriage green cards and U.S. citizenship while providing affordable access to independent immigration attorneys.","slug":"xiao-wang-anjana-prasad","links":{"twitter":""},"position":"Contributor","cbDescription":"Anjana Prasad is senior advisor of immigration law and Xiao Wang is CEO at Boundless, a technology startup that has helped thousands of immigrant families apply for marriage green cards and U.S. citizenship while providing affordable access to independent immigration attorneys.","cbAvatar":"","twitter":""}],"author":[{"id":133574221,"name":"Arman Tabatabai","url":"","description":"Arman focuses on venture capital, startups and urban tech at TechCrunch. Previously, he worked as an equity analyst at Morgan Stanley covering the Power, Utilities & Clean Tech sectors. Arman is based in New York City and can be contacted via email at arman.tabatabai@techcrunch.com.","link":"https://techcrunch.com/author/arman-tabatabai/","slug":"arman-tabatabai","avatar_urls":{"24":"https://secure.gravatar.com/avatar/1eaa0c59d23afba9c58446ab70fbf24b?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/1eaa0c59d23afba9c58446ab70fbf24b?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/1eaa0c59d23afba9c58446ab70fbf24b?s=96&d=identicon&r=g"},"links":[],"position":"","cbDescription":"","cbAvatar":"","twitter":"","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/133574221"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"wp:featuredmedia":[{"id":1843468,"date":"2019-06-13T11:49:22","slug":"conflict-2","type":"attachment","link":"https://techcrunch.com/2019/06/14/you-won-the-h-1b-lottery-dont-lose-your-ticket-when-changing-jobs/conflict-2/","title":{"rendered":"conflict"},"author":133574221,"license":{"source_key":"getty images","person":"erhui1979","person_url":"https://www.gettyimages.com/search/photographer?photographer=erhui1979&alloweduse=availableforalluses&excludenudity=true&family=creative&license=rf&sort=best&page=1#license"},"authors":[133574221],"caption":{"rendered":""},"alt_text":"","media_type":"image","mime_type":"image/jpeg","media_details":{"width":3782,"height":2524,"file":"2019/06/GettyImages-869781150-e1560452285381.jpg","sizes":{"thumbnail":{"file":"GettyImages-869781150.jpg?resize=150,112","width":150,"height":112,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg?w=150"},"medium":{"file":"GettyImages-869781150.jpg?resize=300,225","width":300,"height":225,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg?w=300"},"medium_large":{"file":"GettyImages-869781150.jpg?resize=768,576","width":768,"height":576,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg?w=1024"},"large":{"file":"GettyImages-869781150.jpg?resize=680,510","width":680,"height":510,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg?w=680"},"guest-author-32":{"file":"GettyImages-869781150.jpg?resize=32,32","width":32,"height":32,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"GettyImages-869781150.jpg?resize=50,50","width":50,"height":50,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"GettyImages-869781150.jpg?resize=64,64","width":64,"height":64,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"GettyImages-869781150.jpg?resize=96,96","width":96,"height":96,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"GettyImages-869781150.jpg?resize=128,128","width":128,"height":128,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"GettyImages-869781150.jpg?resize=50,37","width":50,"height":37,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg?w=50"},"full":{"file":"GettyImages-869781150-e1560452285381.jpg","width":1024,"height":683,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg"}},"image_meta":{"aperture":"0","credit":"Getty Images","camera":"","caption":"Illustration and Painting","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"conflict","orientation":"0","keywords":[]},"filesize":604161},"source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-869781150-e1560452285381.jpg","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/media/1843468"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/media"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/attachment"}],"replies":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1843468"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/133574221"}]}}],"wp:term":[[{"id":25515,"link":"https://techcrunch.com/column/","name":"Column","slug":"column","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/25515"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=25515"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=25515"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=25515"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":15986864,"link":"https://techcrunch.com/government-2/","name":"Government","slug":"government-2","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/15986864"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=15986864"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=15986864"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=15986864"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449162627,"link":"https://techcrunch.com/personnel/","name":"Personnel","slug":"personnel","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/449162627"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=449162627"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=449162627"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=449162627"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":13217,"link":"https://techcrunch.com/policy/","name":"Policy","slug":"policy","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/13217"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=13217"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=13217"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=13217"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":6602,"link":"https://techcrunch.com/tag/amazon/","name":"Amazon","slug":"amazon","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/6602"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=6602"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=6602"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=6602"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=6602"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=6602"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":267801,"link":"https://techcrunch.com/tag/boundless/","name":"Boundless","slug":"boundless","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/267801"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=267801"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=267801"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=267801"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=267801"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=267801"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449558381,"link":"https://techcrunch.com/tag/h-1b/","name":"H-1B","slug":"h-1b","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/449558381"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=449558381"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449558381"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449558381"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=449558381"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449558381"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":331275,"link":"https://techcrunch.com/tag/h-1b-visa/","name":"H-1B visa","slug":"h-1b-visa","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/331275"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=331275"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=331275"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=331275"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=331275"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=331275"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":4363,"link":"https://techcrunch.com/tag/immigration/","name":"immigration","slug":"immigration","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/4363"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=4363"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=4363"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=4363"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=4363"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=4363"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449558092,"link":"https://techcrunch.com/tag/trump-administration/","name":"Trump administration","slug":"trump-administration","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/449558092"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=449558092"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449558092"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449558092"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=449558092"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449558092"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[],[],[]]}},{"id":1840990,"date":"2019-06-14T10:05:51","date_gmt":"2019-06-14T17:05:51","guid":{"rendered":"https://techcrunch.com/?p=1840990"},"modified":"2019-06-14T10:05:51","modified_gmt":"2019-06-14T17:05:51","slug":"how-to-make-remote-work-work","status":"publish","type":"post","link":"https://techcrunch.com/2019/06/14/how-to-make-remote-work-work/","title":{"rendered":"How to make remote work work"},"content":{"rendered":"

Every time I see a “the future of work is remote” article, I think to myself: “How backwards! How retro! How quaint!” That future is now, for many of us. I’ve been a fully remote developer-turned-CTO for a full decade. So I’m always baffled by people still wrestling with whether remote work is viable for their company. That jury rendered its verdict a long time ago.

n

One reason companies still struggle with it is that remote work amplifies the negative effects of bad practices. If everyone’s in one place, you can dither, handwave, vacillate, micromanage, and turn your workplace into an endless wasteland of unclear uncertainty, punctuated by ad-hoc last-second crisis meetings u2014 and your employees will probably still conspire against your counterproduction to get something done, albeit much less than what they’re capable of.

n

If they’re remote, though, progress via conspiracy and adhocracy is no longer an option. If they’re remote, you need decisive confidence, clear direction, iterative targets, independent responsibilities, asynchronous communications, and cheerful chatter. Let me go over each of those:

n

Decisive confidence. Suppose Vivek in Delhi, Diego in Rio, and Miles in Berlin are all on a project. (An example I’m drawing from my real life.) It’s late your time. You have to make a decision about the direction of their work. If you sleep on it, you’re writing off multiple developer-days of productivity.

n

Sometimes they have enough responsibilities to have other things to work on. (More on that below.) Sometimes you don’t have to make the decision because they have enough responsibility to do so themselves. (More on that below.) But sometimes you have to make the business-level decision based on scant information. In cases like this, remember the military maxim: “Any decision is better than no decision.”

n

","protected":false},"excerpt":{"rendered":"

Every time I see a “the future of work is remote” article, I think to myself: “How backwards! How retro! How quaint!” That future is now, for many of us. I’ve been a fully remote developer-turned-CTO for a full decade. So I’m always baffled by people still wrestling with whether remote work is viable for […]n","protected":false},"author":18174465,"featured_media":1834069,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"outcome":"","status":"","crunchbase_tag":0,"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"jetpack_publicize_message":"How to make remote work work by @rezendi"},"categories":[14911,576596928,352,449162627,20429,576603290,17396],"tags":[220230,81,970347,576603422],"crunchbase_tag":[],"tc_stories_tax":[],"tc_event":[],"jetpack_featured_media_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg","jetpack_publicize_connections":[],"shortlink":"https://tcrn.ch/31zH0NK","rapidData":{"pt":"","pct":""},"featured":false,"subtitle":"","fundingRound":false,"seoTitle":"","seoDescription":"","premiumContent":true,"premiumCutoffPercent":0.16,"tc_cb_mapping":[{"slug":"google","cb_name":"Google","cb_slug":"google-organization","cb_link":"https://crunchbase.com/organization/google"}],"associatedEvent":null,"event":null,"authors":[18174465],"hideFeaturedImage":false,"relatedArticles":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts/1840990"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/post"}],"version-history":[{"count":7,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1840990/revisions"}],"predecessor-version":[{"id":1841995,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1840990/revisions/1841995"}],"authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/18174465"}],"replies":[{"embeddable":true,"count":1,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1840990&order=asc&tc_hierarchical=flat"}],"https://techcrunch.com/edit":[{"href":"https://techcrunch.com/wp-admin/post.php?post=1840990&action=edit"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/18174465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/media/1834069"}],"wp:attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1840990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/categories?post=1840990"},{"taxonomy":"post_tag","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tags?post=1840990"},{"taxonomy":"_tc_cb_tag_taxonomy","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1840990"},{"taxonomy":"tc_stories_tax","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1840990"},{"taxonomy":"tc_event","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_event?post=1840990"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]},"_embedded":{"authors":[{"id":18174465,"name":"Jon Evans","url":"http://rezendi.com/","description":"Jon Evans is the CTO of the engineering consultancy HappyFunCorp; the award-winning author of six novels, one graphic novel, and a book of travel writing; and TechCrunch's weekend columnist since 2010.","link":"https://techcrunch.com/author/jon-evans/","slug":"jon-evans","avatar_urls":{"24":"https://secure.gravatar.com/avatar/df4f08903b7a5c3d7078165edcf5bcf7?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/df4f08903b7a5c3d7078165edcf5bcf7?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/df4f08903b7a5c3d7078165edcf5bcf7?s=96&d=identicon&r=g"},"links":{"homepage":"http://rezendi.com","facebook":"http://www.facebook.com/rezendi","twitter":"http://twitter.com/rezendi","linkedin":"http://www.linkedin.com/in/rezendi","crunchbase":"https://www.crunchbase.com/person/jon-evans"},"position":"Columnist","cbDescription":"

Jon Evans is a novelist, journalist, and software engineer. His novels have been published around the world, translated into several languages, and praised by The Times, The Economist, and the Washington Post. His journalism has appeared in Wired, Reader's Digest, The Guardian, The Globe & Mail, and The Times of India, and he writes a weekly column for TechCrunch. Jon also has a degree in electrical engineering and a decade of experience as a software developer, building everything from smartphone apps to billion-dollar asset-allocation services.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/mlmy6vjnjotqiwd3tagc","twitter":"rezendi","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/18174465"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"replies":[[{"id":665873,"parent":0,"author":0,"author_name":"ExtraCrunch CC","author_url":"","date":"2019-06-14T10:38:18","content":{"rendered":"

Test

n"},"link":"https://techcrunch.com/2019/06/14/how-to-make-remote-work-work/#comment-665873","type":"comment","author_avatar_urls":{"24":"https://secure.gravatar.com/avatar/bb5cc129cfa915119338dc8b7950a5d2?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/bb5cc129cfa915119338dc8b7950a5d2?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/bb5cc129cfa915119338dc8b7950a5d2?s=96&d=identicon&r=g"},"techcrunch":{"avatar":"https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg","company":"(no company found)","title":"(no title found)","user":"6HGQJVD6UV6VHW6UGV6ZJG3VJI"},"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments/665873"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments"}],"up":[{"embeddable":true,"post_type":"post","href":"https://techcrunch.com/wp-json/wp/v2/posts/1840990"}]}}]],"author":[{"id":18174465,"name":"Jon Evans","url":"http://rezendi.com/","description":"Jon Evans is the CTO of the engineering consultancy HappyFunCorp; the award-winning author of six novels, one graphic novel, and a book of travel writing; and TechCrunch's weekend columnist since 2010.","link":"https://techcrunch.com/author/jon-evans/","slug":"jon-evans","avatar_urls":{"24":"https://secure.gravatar.com/avatar/df4f08903b7a5c3d7078165edcf5bcf7?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/df4f08903b7a5c3d7078165edcf5bcf7?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/df4f08903b7a5c3d7078165edcf5bcf7?s=96&d=identicon&r=g"},"links":{"homepage":"http://rezendi.com","facebook":"http://www.facebook.com/rezendi","twitter":"http://twitter.com/rezendi","linkedin":"http://www.linkedin.com/in/rezendi","crunchbase":"https://www.crunchbase.com/person/jon-evans"},"position":"Columnist","cbDescription":"

Jon Evans is a novelist, journalist, and software engineer. His novels have been published around the world, translated into several languages, and praised by The Times, The Economist, and the Washington Post. His journalism has appeared in Wired, Reader's Digest, The Guardian, The Globe & Mail, and The Times of India, and he writes a weekly column for TechCrunch. Jon also has a degree in electrical engineering and a decade of experience as a software developer, building everything from smartphone apps to billion-dollar asset-allocation services.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/mlmy6vjnjotqiwd3tagc","twitter":"rezendi","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/18174465"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"wp:featuredmedia":[{"id":1834069,"date":"2019-05-29T12:55:30","slug":"remote-work-with-cloud-technology","type":"attachment","link":"https://techcrunch.com/2019/05/29/how-we-scaled-our-startup-by-being-remote-first/remote-work-with-cloud-technology/","title":{"rendered":"Remote work with cloud technology"},"author":133574221,"license":"","authors":[133574221],"caption":{"rendered":"

Image via Getty Images / PayPau

n"},"alt_text":"","media_type":"image","mime_type":"image/jpeg","media_details":{"width":6000,"height":3000,"file":"2019/05/GettyImages-1084518636.jpg","sizes":{"thumbnail":{"file":"GettyImages-1084518636.jpg?resize=150,75","width":150,"height":75,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg?w=150"},"medium":{"file":"GettyImages-1084518636.jpg?resize=300,150","width":300,"height":150,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg?w=300"},"medium_large":{"file":"GettyImages-1084518636.jpg?resize=768,384","width":768,"height":384,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg?w=1024"},"large":{"file":"GettyImages-1084518636.jpg?resize=680,340","width":680,"height":340,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg?w=680"},"guest-author-32":{"file":"GettyImages-1084518636.jpg?resize=32,32","width":32,"height":32,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"GettyImages-1084518636.jpg?resize=50,50","width":50,"height":50,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"GettyImages-1084518636.jpg?resize=64,64","width":64,"height":64,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"GettyImages-1084518636.jpg?resize=96,96","width":96,"height":96,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"GettyImages-1084518636.jpg?resize=128,128","width":128,"height":128,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"GettyImages-1084518636.jpg?resize=50,25","width":50,"height":25,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg?w=50"},"full":{"file":"GettyImages-1084518636.jpg","width":1024,"height":512,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg"}},"image_meta":{"aperture":"0","credit":"Getty Images/iStockphoto","camera":"","caption":"Illustration showing the benefits of remote work of a freelancer at home","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"Remote work with cloud technology","orientation":"0","keywords":[]},"filesize":806848},"source_url":"https://techcrunch.com/wp-content/uploads/2019/05/GettyImages-1084518636.jpg","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/media/1834069"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/media"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/attachment"}],"replies":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1834069"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/133574221"}]}}],"wp:term":[[{"id":14911,"link":"https://techcrunch.com/developer/","name":"Developer","slug":"developer","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/14911"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=14911"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=14911"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=14911"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576596928,"link":"https://techcrunch.com/hiring/","name":"Hiring","slug":"hiring","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/576596928"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=576596928"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=576596928"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=576596928"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":352,"link":"https://techcrunch.com/opinion/","name":"Opinion","slug":"opinion","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/352"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=352"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=352"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=352"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449162627,"link":"https://techcrunch.com/personnel/","name":"Personnel","slug":"personnel","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/449162627"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=449162627"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=449162627"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=449162627"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":20429,"link":"https://techcrunch.com/startups/","name":"Startups","slug":"startups","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/20429"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=20429"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=20429"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=20429"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576603290,"link":"https://techcrunch.com/talent/","name":"Talent","slug":"talent","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/576603290"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=576603290"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=576603290"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=576603290"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":17396,"link":"https://techcrunch.com/tc/","name":"TC","slug":"tc","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/17396"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=17396"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=17396"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=17396"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":220230,"link":"https://techcrunch.com/tag/future-of-work/","name":"future of work","slug":"future-of-work","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/220230"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=220230"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=220230"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=220230"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=220230"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=220230"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":81,"link":"https://techcrunch.com/tag/google/","name":"Google","slug":"google","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/81"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=81"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=81"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=81"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=81"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=81"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":970347,"link":"https://techcrunch.com/tag/remote-work/","name":"remote work","slug":"remote-work","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/970347"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=970347"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=970347"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=970347"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=970347"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=970347"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576603422,"link":"https://techcrunch.com/tag/telecommuting/","name":"telecommuting","slug":"telecommuting","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/576603422"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=576603422"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576603422"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576603422"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=576603422"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576603422"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[],[],[]]}},{"id":1836879,"date":"2019-06-10T10:05:30","date_gmt":"2019-06-10T17:05:30","guid":{"rendered":"https://techcrunch.com/?p=1836879"},"modified":"2019-06-11T13:51:12","modified_gmt":"2019-06-11T20:51:12","slug":"what-top-vcs-look-for-in-womens-fertility-startups","status":"publish","type":"post","link":"https://techcrunch.com/2019/06/10/what-top-vcs-look-for-in-womens-fertility-startups/","title":{"rendered":"What top VCs look for in women’s fertility startups"},"content":{"rendered":"

A number of promising women’s health tech companies have popped up in the last few years, from fertility apps to ovulation bracelets — even Apple has jumped into the subject with the addition of period tracking built into the latest edition of the watch. But there hasn’t been much in the way of innovation in women’s sexual health for decades.

n

In-vitro fertilization (IVF) is now a 40-year-old invention and even the top pharmaceutical companies have spent a pittance on research and development. Subjects like polycystic ovarian syndrome, endometriosis and menopause have taken a backseat to other, more fatal concerns. Fertility is itself oftentimes a mysterious black box as well, though a full 10% of the female population in the United States has difficulty getting or staying pregnant.

n

That’s all starting to change as startups are now bringing in millions in venture capital to gather and treat women’s health. While it’s early days (no unicorns just yet) interest in the subject has been jumping steadily higher each year.

n

To shine a better light on the importance of tech’s role in spurring more innovation for women’s fertility, we asked five VCs passionate about the space for their investment strategies, including Sarah Cone (Social Impact Capital), Vanessa Larco (NEA), Anu Duggal (Female Founders Fund), Jess Lee (Sequoia) and Nancy Brown (Oak HC/FT).

n

Sarah Cone, Social Impact Capital

n

Sarah Cone, Social Impact Capital

n

Weu2019re interested in companies that create large data sets in womenu2019s health and fertility, enabling personalized medicine, clinical trial virtualization, better patient outcomes, and the application of modern AI/ML techniques to generate hypotheses that discover new targets and molecules.

n

","protected":false},"excerpt":{"rendered":"

A number of promising women’s health tech companies have popped up in the last few years, from fertility apps to ovulation bracelets — even Apple has jumped into the subject with the addition of period tracking built into the latest edition of the watch. But there hasn’t been much in the way of innovation in […]n","protected":false},"author":4917400,"featured_media":1836935,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"outcome":"","status":"","crunchbase_tag":0,"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"jetpack_publicize_message":"What top VCs look for in women’s fertility startups https://tcrn.ch/2I6Znlp"},"categories":[449557102,1772,576596927,337,446313605,20429,17396],"tags":[449547332,291,12374,10406,406669,35350,304713875,449553379,1460,91372,576599593,7383,326792,576608420,479814,449557049,202,449551602],"crunchbase_tag":[],"tc_stories_tax":[],"tc_event":[],"jetpack_featured_media_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg","jetpack_publicize_connections":[],"shortlink":"https://tcrn.ch/2I6Znlp","rapidData":{"pt":"","pct":""},"featured":true,"subtitle":"Investors are starting to pour millions into women's health tech. Does your startup have what it takes to get their attention?","fundingRound":false,"seoTitle":"","seoDescription":"","premiumContent":true,"premiumCutoffPercent":0.23,"tc_cb_mapping":[{"slug":"female-founders-fund","cb_name":"Female Founders Fund","cb_slug":"female-founders-fund-organization","cb_link":"https://crunchbase.com/organization/female-founders-fund"},{"slug":"apple","cb_name":"Apple","cb_slug":"apple-organization","cb_link":"https://crunchbase.com/organization/apple"},{"slug":"abbvie","cb_name":"AbbVie","cb_slug":"abbvie-organization","cb_link":"https://crunchbase.com/organization/abbvie"}],"associatedEvent":null,"event":null,"authors":[4917400],"hideFeaturedImage":false,"relatedArticles":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts/1836879"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/post"}],"version-history":[{"count":18,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1836879/revisions"}],"predecessor-version":[{"id":1840886,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1836879/revisions/1840886"}],"authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/4917400"}],"replies":[{"embeddable":true,"count":0,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1836879&order=asc&tc_hierarchical=flat"}],"https://techcrunch.com/edit":[{"href":"https://techcrunch.com/wp-admin/post.php?post=1836879&action=edit"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/4917400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/media/1836935"}],"wp:attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1836879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/categories?post=1836879"},{"taxonomy":"post_tag","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tags?post=1836879"},{"taxonomy":"_tc_cb_tag_taxonomy","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1836879"},{"taxonomy":"tc_stories_tax","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1836879"},{"taxonomy":"tc_event","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_event?post=1836879"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]},"_embedded":{"authors":[{"id":4917400,"name":"Sarah Buhr","url":"","description":"","link":"https://techcrunch.com/author/sarah-buhr/","slug":"sarah-buhr","avatar_urls":{"24":"https://secure.gravatar.com/avatar/fd29b49402f568221dff899bf12b7c14?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/fd29b49402f568221dff899bf12b7c14?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/fd29b49402f568221dff899bf12b7c14?s=96&d=identicon&r=g"},"links":{"homepage":"http://www.about.me/sarahbuhr","facebook":"http://www.facebook.com/sarahbuhr","twitter":"http://twitter.com/sarahbuhr","linkedin":"http://www.linkedin.com/in/sarahjanebuhr","crunchbase":"https://www.crunchbase.com/person/sarah-buhr"},"position":"Reporter","cbDescription":"

I write about the wild new frontier of biotechnology (3D printed organs, one drop blood tests, or hamburgers grown in a lab? I'm your gal), also a bit of politics, gender and diversity and sometimes they put me on camera at TechCrunch so send your fun gadgets and gizmos my way.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/v1398457833/ioey9vjllnuhsr7vvd7f.jpg","twitter":"sarahbuhr","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/4917400"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"author":[{"id":4917400,"name":"Sarah Buhr","url":"","description":"","link":"https://techcrunch.com/author/sarah-buhr/","slug":"sarah-buhr","avatar_urls":{"24":"https://secure.gravatar.com/avatar/fd29b49402f568221dff899bf12b7c14?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/fd29b49402f568221dff899bf12b7c14?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/fd29b49402f568221dff899bf12b7c14?s=96&d=identicon&r=g"},"links":{"homepage":"http://www.about.me/sarahbuhr","facebook":"http://www.facebook.com/sarahbuhr","twitter":"http://twitter.com/sarahbuhr","linkedin":"http://www.linkedin.com/in/sarahjanebuhr","crunchbase":"https://www.crunchbase.com/person/sarah-buhr"},"position":"Reporter","cbDescription":"

I write about the wild new frontier of biotechnology (3D printed organs, one drop blood tests, or hamburgers grown in a lab? I'm your gal), also a bit of politics, gender and diversity and sometimes they put me on camera at TechCrunch so send your fun gadgets and gizmos my way.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/v1398457833/ioey9vjllnuhsr7vvd7f.jpg","twitter":"sarahbuhr","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/4917400"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"wp:featuredmedia":[{"id":1836935,"date":"2019-06-04T11:55:48","slug":"beautiful-women-working-out-in-gym","type":"attachment","link":"https://techcrunch.com/2019/06/10/what-top-vcs-look-for-in-womens-fertility-startups/beautiful-women-working-out-in-gym/","title":{"rendered":"Beautiful women working out in gym"},"author":4917400,"license":{"source_key":"getty images","person":"nd3000"},"authors":[4917400],"caption":{"rendered":"

Beautiful women working out in gym together

n"},"alt_text":"","media_type":"image","mime_type":"image/jpeg","media_details":{"width":4939,"height":3293,"file":"2019/06/GettyImages-623680490.jpg","sizes":{"thumbnail":{"file":"GettyImages-623680490.jpg?resize=150,100","width":150,"height":100,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg?w=150"},"medium":{"file":"GettyImages-623680490.jpg?resize=300,200","width":300,"height":200,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg?w=300"},"medium_large":{"file":"GettyImages-623680490.jpg?resize=768,512","width":768,"height":512,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg?w=1024"},"large":{"file":"GettyImages-623680490.jpg?resize=680,453","width":680,"height":453,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg?w=680"},"guest-author-32":{"file":"GettyImages-623680490.jpg?resize=32,32","width":32,"height":32,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"GettyImages-623680490.jpg?resize=50,50","width":50,"height":50,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"GettyImages-623680490.jpg?resize=64,64","width":64,"height":64,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"GettyImages-623680490.jpg?resize=96,96","width":96,"height":96,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"GettyImages-623680490.jpg?resize=128,128","width":128,"height":128,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"GettyImages-623680490.jpg?resize=50,33","width":50,"height":33,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg?w=50"},"full":{"file":"GettyImages-623680490.jpg","width":1024,"height":683,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg"}},"image_meta":{"aperture":"0","credit":"Getty Images/iStockphoto","camera":"","caption":"Beautiful women working out in gym together","created_timestamp":"0","copyright":"nd3000","focal_length":"0","iso":"0","shutter_speed":"0","title":"Beautiful women working out in gym","orientation":"0","keywords":["Beautiful,Number 5,Wellbeing,Women,Females,Group Of People,Sport"]},"filesize":6838717},"source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-623680490.jpg","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/media/1836935"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/media"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/attachment"}],"replies":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1836935"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/4917400"}]}}],"wp:term":[[{"id":449557102,"link":"https://techcrunch.com/apps/","name":"Apps","slug":"apps","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/449557102"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=449557102"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=449557102"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=449557102"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":1772,"link":"https://techcrunch.com/bio/","name":"Bio","slug":"bio","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/1772"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=1772"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=1772"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=1772"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576596927,"link":"https://techcrunch.com/biotech/","name":"Biotech","slug":"biotech","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/576596927"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=576596927"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=576596927"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=576596927"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":337,"link":"https://techcrunch.com/health/","name":"Health","slug":"health","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/337"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=337"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=337"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=337"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":446313605,"link":"https://techcrunch.com/science/","name":"Science","slug":"science","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/446313605"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=446313605"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=446313605"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=446313605"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":20429,"link":"https://techcrunch.com/startups/","name":"Startups","slug":"startups","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/20429"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=20429"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=20429"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=20429"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":17396,"link":"https://techcrunch.com/tc/","name":"TC","slug":"tc","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/17396"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=17396"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=17396"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=17396"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":449547332,"link":"https://techcrunch.com/tag/abbvie/","name":"abbvie","slug":"abbvie","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/449547332"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=449547332"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449547332"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449547332"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=449547332"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449547332"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":291,"link":"https://techcrunch.com/tag/apple/","name":"Apple","slug":"apple","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/291"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=291"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=291"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=291"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=291"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=291"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":12374,"link":"https://techcrunch.com/tag/artificial-intelligence/","name":"artificial intelligence","slug":"artificial-intelligence","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/12374"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=12374"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=12374"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=12374"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=12374"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=12374"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":10406,"link":"https://techcrunch.com/tag/ceo/","name":"ceo","slug":"ceo","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/10406"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=10406"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=10406"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=10406"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=10406"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=10406"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":406669,"link":"https://techcrunch.com/tag/chronic-disease/","name":"chronic disease","slug":"chronic-disease","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/406669"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=406669"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=406669"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=406669"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=406669"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=406669"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":35350,"link":"https://techcrunch.com/tag/fda/","name":"fda","slug":"fda","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/35350"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=35350"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=35350"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=35350"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=35350"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=35350"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":304713875,"link":"https://techcrunch.com/tag/female-founders-fund/","name":"Female Founders Fund","slug":"female-founders-fund","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/304713875"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=304713875"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=304713875"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=304713875"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=304713875"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=304713875"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449553379,"link":"https://techcrunch.com/tag/femtech/","name":"femtech","slug":"femtech","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/449553379"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=449553379"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449553379"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449553379"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=449553379"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449553379"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":1460,"link":"https://techcrunch.com/tag/healthcare/","name":"healthcare","slug":"healthcare","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/1460"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=1460"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=1460"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=1460"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=1460"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=1460"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":91372,"link":"https://techcrunch.com/tag/medical-technology/","name":"medical technology","slug":"medical-technology","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/91372"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=91372"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=91372"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=91372"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=91372"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=91372"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[],[],[]]}},{"id":1841449,"date":"2019-06-12T09:07:46","date_gmt":"2019-06-12T16:07:46","guid":{"rendered":"https://techcrunch.com/?p=1841449"},"modified":"2019-06-12T09:07:46","modified_gmt":"2019-06-12T16:07:46","slug":"fundraising-101-do-vc-associates-matter","status":"publish","type":"post","link":"https://techcrunch.com/2019/06/12/fundraising-101-do-vc-associates-matter/","title":{"rendered":"Fundraising 101: Do VC associates matter?"},"content":{"rendered":"

Building a company is fueled by highs and lows, but one of the few moments of potential ecstasy (or perhaps for grizzled veterans, deep annoyance) is the VC outreach email. You are building your startup on deforming IKEA desks eating frozen dinners when out of nowhere, a major VC firm reaches out and wants to discuss a potential investment.

n

But then you look up your interlocutor online and find that they have that completely enigmatic title of u201cAssociate.u201d Heck, that email may well have been from me over the years.

n

What do you do? Do you connect with someone who may well be working at a prominent firm and try to engage? Do you flat out ignore it? Do you equivocate and delay?

n

In short, do VC associates matter to your fundraise?

n

First, what exactly are associates and what do they do?

n

The best way to understand the work of a venture firm is to look at their actual activities rather than the titles or listed duties of any individual person. On the investment side, there are three main activities: analytics, networking / deal sourcing, and closing.

n

","protected":false},"excerpt":{"rendered":"

Building a company is fueled by highs and lows, but one of the few moments of potential ecstasy (or perhaps for grizzled veterans, deep annoyance) is the VC outreach email. You are building your startup on deforming IKEA desks eating frozen dinners when out of nowhere, a major VC firm reaches out and wants to […]n","protected":false},"author":15408904,"featured_media":1841458,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"outcome":"","status":"","crunchbase_tag":0,"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"jetpack_publicize_message":""},"categories":[576602978,20429,35394854],"tags":[576673265,20334,576673264],"crunchbase_tag":[],"tc_stories_tax":[],"tc_event":[],"jetpack_featured_media_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg","jetpack_publicize_connections":[],"shortlink":"https://tcrn.ch/2MK9SzJ","rapidData":{"pt":"","pct":""},"featured":false,"subtitle":"","fundingRound":false,"seoTitle":"","seoDescription":"","premiumContent":true,"premiumCutoffPercent":0.12,"tc_cb_mapping":[],"associatedEvent":null,"event":null,"authors":[1719192],"hideFeaturedImage":false,"relatedArticles":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts/1841449"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/post"}],"version-history":[{"count":4,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1841449/revisions"}],"predecessor-version":[{"id":1841462,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1841449/revisions/1841462"}],"authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/guest-authors/danny-crichton-2"}],"replies":[{"embeddable":true,"count":2,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1841449&order=asc&tc_hierarchical=flat"}],"https://techcrunch.com/edit":[{"href":"https://techcrunch.com/wp-admin/post.php?post=1841449&action=edit"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/15408904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/media/1841458"}],"wp:attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1841449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/categories?post=1841449"},{"taxonomy":"post_tag","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tags?post=1841449"},{"taxonomy":"_tc_cb_tag_taxonomy","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1841449"},{"taxonomy":"tc_stories_tax","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1841449"},{"taxonomy":"tc_event","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_event?post=1841449"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]},"_embedded":{"authors":[{"id":1719192,"name":"Danny Crichton","link":"https://techcrunch.com/author/danny-crichton-2/","description":"Danny Crichton is an investor at CRV and a former contributing writer at TechCrunch. ","slug":"danny-crichton-2","links":{"homepage":"https://www.dannycrichton.com","facebook":"http://www.facebook.com/dancric","twitter":"http://twitter.com/dannycrichton","linkedin":"http://www.linkedin.com/in/dannycrichton","crunchbase":"https://www.crunchbase.com/person/danny-crichton"},"position":"Contributor","cbDescription":"

Danny is Executive Editor of TechCrunch Extra Crunch, where he covers technology and power. Previously, he was a foreign correspondent at TechCrunch based in Seoul, South Korea as well as a venture capitalist with General Catalyst in Palo Alto and Charles River Ventures in Boston and New York. He was awarded a Fulbright research scholarship to South Korea, where he researched the development of Koreau2019s startup ecosystem. He is a PhD dropout from Harvard where he studied public policy and an honors graduate of Stanford, where he studied mathematical and computational sciences. Danny is based in Brooklyn.

nn

His ethics statement is located at https://www.dannycrichton.com/ethics/

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/kx43q415v57n7kc56gvq","twitter":"dannycrichton"}],"replies":[[{"id":665833,"parent":0,"author":0,"author_name":"Marius Chawa","author_url":"","date":"2019-06-14T01:07:47","content":{"rendered":"

totally agree. relationships are everything

n"},"link":"https://techcrunch.com/2019/06/12/fundraising-101-do-vc-associates-matter/#comment-665833","type":"comment","author_avatar_urls":{"24":"https://secure.gravatar.com/avatar/4ca18687cfc6f19d03c826b6a35fac46?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/4ca18687cfc6f19d03c826b6a35fac46?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/4ca18687cfc6f19d03c826b6a35fac46?s=96&d=identicon&r=g"},"techcrunch":{"avatar":"https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg","company":"(no company found)","title":"(no title found)","user":"KPUAFPUPYWGEZ5SJBGTYKJIFXY"},"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments/665833"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments"}],"up":[{"embeddable":true,"post_type":"post","href":"https://techcrunch.com/wp-json/wp/v2/posts/1841449"}]}},{"id":665838,"parent":0,"author":0,"author_name":"Derek Bittar","author_url":"","date":"2019-06-14T02:59:38","content":{"rendered":"

Entrepreneurs need to understand that VCs mean no offenses in having associates in the frontlines. Associates make a GPs work scalable. They are the extension of the GPs work – usually very synergetic. So, beware not to underestimate an associateu2019s influence on an investment decision. Being arrogant may spoil your opportunity, no matter the size of the fund on the other side of the table.

n"},"link":"https://techcrunch.com/2019/06/12/fundraising-101-do-vc-associates-matter/#comment-665838","type":"comment","author_avatar_urls":{"24":"https://secure.gravatar.com/avatar/448a8f70751354d8fa944d473e2cf674?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/448a8f70751354d8fa944d473e2cf674?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/448a8f70751354d8fa944d473e2cf674?s=96&d=identicon&r=g"},"techcrunch":{"avatar":"https://ct.yimg.com/cy/1768/39361574426_98028a_64sq.jpg","company":"(no company found)","title":"(no title found)","user":"COGLA7RR6E5WFXRGQ4WPPHPOXY"},"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments/665838"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/comments"}],"up":[{"embeddable":true,"post_type":"post","href":"https://techcrunch.com/wp-json/wp/v2/posts/1841449"}]}}]],"author":[{"id":15408904,"name":"Danny Crichton","url":"","description":"","link":"https://techcrunch.com/author/danny-crichton/","slug":"danny-crichton","avatar_urls":{"24":"https://secure.gravatar.com/avatar/8c216d6030a712ef1dd35e2d6ffdf497?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/8c216d6030a712ef1dd35e2d6ffdf497?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/8c216d6030a712ef1dd35e2d6ffdf497?s=96&d=identicon&r=g"},"links":{"homepage":"https://www.dannycrichton.com","facebook":"http://www.facebook.com/dancric","twitter":"https://twitter.com/dannycrichton","linkedin":"http://www.linkedin.com/in/dannycrichton","crunchbase":"https://www.crunchbase.com/person/danny-crichton"},"position":"Editorial Manager","cbDescription":"

Danny is Executive Editor of TechCrunch Extra Crunch, where he covers technology and power. Previously, he was a foreign correspondent at TechCrunch based in Seoul, South Korea as well as a venture capitalist with General Catalyst in Palo Alto and Charles River Ventures in Boston and New York. He was awarded a Fulbright research scholarship to South Korea, where he researched the development of Koreau2019s startup ecosystem. He is a PhD dropout from Harvard where he studied public policy and an honors graduate of Stanford, where he studied mathematical and computational sciences. Danny is based in Brooklyn.

nn

His ethics statement is located at https://www.dannycrichton.com/ethics/

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/kx43q415v57n7kc56gvq","twitter":"dannycrichton","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/15408904"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"wp:featuredmedia":[{"id":1841458,"date":"2019-06-12T06:41:29","slug":"people-handing-over-money-3","type":"attachment","link":"https://techcrunch.com/2019/06/12/fundraising-101-do-vc-associates-matter/people-handing-over-money-3/","title":{"rendered":"People handing over money"},"author":15408904,"license":{"source_key":"getty images","person":"Image Source","person_url":"https://www.gettyimages.com/search/photographer?family=creative&photographer=Image+Source"},"authors":[15408904],"caption":{"rendered":""},"alt_text":"","media_type":"image","mime_type":"image/jpeg","media_details":{"width":5700,"height":4131,"file":"2019/06/GettyImages-88622588.jpg","sizes":{"thumbnail":{"file":"GettyImages-88622588.jpg?resize=150,109","width":150,"height":109,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg?w=150"},"medium":{"file":"GettyImages-88622588.jpg?resize=300,217","width":300,"height":217,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg?w=300"},"medium_large":{"file":"GettyImages-88622588.jpg?resize=768,557","width":768,"height":557,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg?w=1024"},"large":{"file":"GettyImages-88622588.jpg?resize=680,493","width":680,"height":493,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg?w=680"},"guest-author-32":{"file":"GettyImages-88622588.jpg?resize=32,32","width":32,"height":32,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg?w=32&h=32&crop=1"},"guest-author-50":{"file":"GettyImages-88622588.jpg?resize=50,50","width":50,"height":50,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg?w=50&h=50&crop=1"},"guest-author-64":{"file":"GettyImages-88622588.jpg?resize=64,64","width":64,"height":64,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg?w=64&h=64&crop=1"},"guest-author-96":{"file":"GettyImages-88622588.jpg?resize=96,96","width":96,"height":96,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg?w=96&h=96&crop=1"},"guest-author-128":{"file":"GettyImages-88622588.jpg?resize=128,128","width":128,"height":128,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg?w=128&h=128&crop=1"},"concierge-thumb":{"file":"GettyImages-88622588.jpg?resize=50,36","width":50,"height":36,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg?w=50"},"full":{"file":"GettyImages-88622588.jpg","width":1024,"height":742,"mime_type":"image/jpeg","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg"}},"image_meta":{"aperture":"0","credit":"Getty Images/Image Source","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"People handing over money","orientation":"0","keywords":["holding,hand,handing,dollar,banknote,arm,american culture,demand"]},"filesize":3749199},"source_url":"https://techcrunch.com/wp-content/uploads/2019/06/GettyImages-88622588.jpg","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/media/1841458"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/media"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/attachment"}],"replies":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1841458"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/15408904"}]}}],"wp:term":[[{"id":576602978,"link":"https://techcrunch.com/funding/","name":"Funding","slug":"funding","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/576602978"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=576602978"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=576602978"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=576602978"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":20429,"link":"https://techcrunch.com/startups/","name":"Startups","slug":"startups","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/20429"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=20429"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=20429"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=20429"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":35394854,"link":"https://techcrunch.com/venture-capital-2/","name":"Venture Capital","slug":"venture-capital-2","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/35394854"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=35394854"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=35394854"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=35394854"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":576673265,"link":"https://techcrunch.com/tag/cold-outreach/","name":"cold outreach","slug":"cold-outreach","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/576673265"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=576673265"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576673265"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576673265"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=576673265"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576673265"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":20334,"link":"https://techcrunch.com/tag/fundraising/","name":"fundraising","slug":"fundraising","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/20334"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=20334"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=20334"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=20334"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=20334"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=20334"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576673264,"link":"https://techcrunch.com/tag/vc-associates/","name":"VC associates","slug":"vc-associates","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/576673264"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=576673264"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576673264"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576673264"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=576673264"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576673264"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[],[],[]]}},{"id":1840497,"date":"2019-06-12T06:05:10","date_gmt":"2019-06-12T13:05:10","guid":{"rendered":"https://techcrunch.com/?p=1840497"},"modified":"2019-06-12T19:37:20","modified_gmt":"2019-06-13T02:37:20","slug":"the-future-of-car-ownership-building-an-online-dealership","status":"publish","type":"post","link":"https://techcrunch.com/2019/06/12/the-future-of-car-ownership-building-an-online-dealership/","title":{"rendered":"The future of car ownership: Building an online dealership"},"content":{"rendered":"

Buying a car is painful. Dealerships are the worst, and the options are endless. The rise of the Internet produced powerful tools for shoppers, but in the end, most buyers still have to trudge down to a car lot.

n

For this series of articles, TechCrunch spoke with several founders and investors attempting to rethink car buying. It’s clear these startups are the underdog in this fight. Most consumers buy cars the same way as their grandparents did and for good reason. Dealerships nationwide fought for years to enact laws and regulations that protect their businesses.

n

Several young companies are attempting to put the dealership online. Companies like Carvana, Shift, Vroom and Joydrive are putting the entire car buying process online, allowing customers to buy, trade-in and even test drive vehicles without talking to a salesman in an oversized golf pullover.

n

In the next part of this series, weu2019ll look at companies like Fair that are moving consumers away from purchasing and into short-term leases. Even automakers are trying something new. Tesla sells directly to consumers while Volvo, BMW, Mercedes and others are launching subscription options to give owners even more flexibility.

n

The three new dealerships

n

n

Several companies are building online car dealerships. Shoppers find and buy a vehicle solely through these sites, and often, the cars are delivered to the buyer. These online dealerships even take trade-ins.

n

Three services dominate this space, and they were all founded in 2013. Carvana, Shift, and Vroom hit the market at the same time but have experienced different paths. One thing is clear though: it takes hundreds of millions of venture capital money to build an online dealership.

n

Emily Melton, co-founder and managing partner, Threshold Ventures (formally known as DFJ Ventures), points to consumeru2019s changing expectations and an optimized process across all kinds of vehicles. She co-led Shiftu2019s Series A in 2014.

n

","protected":false},"excerpt":{"rendered":"

Buying a car is painful. Dealerships are the worst, and the options are endless. The rise of the Internet produced powerful tools for shoppers, but in the end, most buyers still have to trudge down to a car lot. For this series of articles, TechCrunch spoke with several founders and investors attempting to rethink car […]n","protected":false},"author":24986667,"featured_media":1840498,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"outcome":"","status":"","crunchbase_tag":0,"amp_status":"","relegenceEntities":[],"relegenceSubjects":[],"jetpack_publicize_message":""},"categories":[449557096,20429,2401,35394854],"tags":[576607303,149547642,13714,9012,576599635,449560960,449550757,424164039,12380594,1887395,2187984,175,449550982,4398355,449553606,80077,16797770,248027616,241409,16931,429989,576651951,3142673,13715,422087588,20860012],"crunchbase_tag":[],"tc_stories_tax":[],"tc_event":[],"jetpack_featured_media_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png","jetpack_publicize_connections":[],"shortlink":"https://tcrn.ch/2F5wBzT","rapidData":{"pt":"","pct":""},"featured":false,"subtitle":"","fundingRound":false,"seoTitle":"","seoDescription":"","premiumContent":true,"premiumCutoffPercent":0.19,"tc_cb_mapping":[{"slug":"shift","cb_name":"Shift","cb_slug":"shiftcars-organization","cb_link":"https://crunchbase.com/organization/shiftcars"},{"slug":"foundation-capital","cb_name":"Foundation Capital","cb_slug":"foundation-capital-organization","cb_link":"https://crunchbase.com/organization/foundation-capital"},{"slug":"tesla","cb_name":"Tesla","cb_slug":"tesla-motors-organization","cb_link":"https://crunchbase.com/organization/tesla-motors"},{"slug":"yuri-milner","cb_name":"Yuri Milner","cb_slug":"yuri-milner-person","cb_link":"https://crunchbase.com/person/yuri-milner"},{"slug":"techcrunch","cb_name":"TechCrunch","cb_slug":"techcrunch-organization","cb_link":"https://crunchbase.com/organization/techcrunch"},{"slug":"paul-hennessy","cb_name":"Paul Hennessy","cb_slug":"paul-hennessy-2-person","cb_link":"https://crunchbase.com/person/paul-hennessy-2"},{"slug":"sherpa-capital","cb_name":"Sherpa Capital","cb_slug":"sherpa-ventures-organization","cb_link":"https://crunchbase.com/organization/sherpa-ventures"},{"slug":"phoenix","cb_name":"Phoenix","cb_slug":"phoenix-nuclear-labs-organization","cb_link":"https://crunchbase.com/organization/phoenix-nuclear-labs"},{"slug":"marketing","cb_name":"Marketing","cb_slug":"2-the-top-marketing-inc-organization","cb_link":"https://crunchbase.com/organization/2-the-top-marketing-inc"},{"slug":"carvana","cb_name":"Carvana","cb_slug":"carvana-organization","cb_link":"https://crunchbase.com/organization/carvana"},{"slug":"vroom","cb_name":"Vroom","cb_slug":"vroom-com-organization","cb_link":"https://crunchbase.com/organization/vroom-com"},{"slug":"autonation","cb_name":"AutoNation","cb_slug":"autonation-organization","cb_link":"https://crunchbase.com/organization/autonation"}],"associatedEvent":null,"event":null,"authors":[24986667],"hideFeaturedImage":false,"relatedArticles":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts/1840497"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/post"}],"version-history":[{"count":11,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1840497/revisions"}],"predecessor-version":[{"id":1842487,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1840497/revisions/1842487"}],"authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/24986667"}],"replies":[{"embeddable":true,"count":0,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1840497&order=asc&tc_hierarchical=flat"}],"https://techcrunch.com/edit":[{"href":"https://techcrunch.com/wp-admin/post.php?post=1840497&action=edit"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/24986667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/media/1840498"}],"wp:attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1840497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/categories?post=1840497"},{"taxonomy":"post_tag","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tags?post=1840497"},{"taxonomy":"_tc_cb_tag_taxonomy","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1840497"},{"taxonomy":"tc_stories_tax","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1840497"},{"taxonomy":"tc_event","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_event?post=1840497"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]},"_embedded":{"authors":[{"id":24986667,"name":"Matt Burns","url":"","description":"","link":"https://techcrunch.com/author/matt-burns/","slug":"matt-burns","avatar_urls":{"24":"https://secure.gravatar.com/avatar/c921fdee122025b0436360dc6bb7322d?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/c921fdee122025b0436360dc6bb7322d?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/c921fdee122025b0436360dc6bb7322d?s=96&d=identicon&r=g"},"links":{"twitter":"https://twitter.com/mjburnsy","linkedin":"https://www.linkedin.com/in/mjburnsy","crunchbase":"https://www.crunchbase.com/person/matt-burns"},"position":"Senior Editor","cbDescription":"

Matt is a Managing Editor at TechCrunch.

nn

He started at TechCrunch as a freelance writer in 2008 and moved up the ranks to become the Managing Editor in early 2017. Born and raised in the heart of the automotive world, he has a special place in his heart for mobility startups and gadgets.

nn

At TechCrunch he manages the editorial side of the company's events including TechCrunch Disrupt, TechCrunch Sessions and the company's various worldwide events. Previously he was a freelance writer at Engadget and EngadgetHD where he hosted podcasts until he was removed from that role after saying a swear word. He's very sorry and promises it won't happen again.

nn

His passions include emails, run-on sentences and following through with action items developed during a conference call. And woodwork.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/v1397184754/3c0bc2aaafcba3fc8163f9e49d405eb6.jpg","twitter":"mjburnsy","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/24986667"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"author":[{"id":24986667,"name":"Matt Burns","url":"","description":"","link":"https://techcrunch.com/author/matt-burns/","slug":"matt-burns","avatar_urls":{"24":"https://secure.gravatar.com/avatar/c921fdee122025b0436360dc6bb7322d?s=24&d=identicon&r=g","48":"https://secure.gravatar.com/avatar/c921fdee122025b0436360dc6bb7322d?s=48&d=identicon&r=g","96":"https://secure.gravatar.com/avatar/c921fdee122025b0436360dc6bb7322d?s=96&d=identicon&r=g"},"links":{"twitter":"https://twitter.com/mjburnsy","linkedin":"https://www.linkedin.com/in/mjburnsy","crunchbase":"https://www.crunchbase.com/person/matt-burns"},"position":"Senior Editor","cbDescription":"

Matt is a Managing Editor at TechCrunch.

nn

He started at TechCrunch as a freelance writer in 2008 and moved up the ranks to become the Managing Editor in early 2017. Born and raised in the heart of the automotive world, he has a special place in his heart for mobility startups and gadgets.

nn

At TechCrunch he manages the editorial side of the company's events including TechCrunch Disrupt, TechCrunch Sessions and the company's various worldwide events. Previously he was a freelance writer at Engadget and EngadgetHD where he hosted podcasts until he was removed from that role after saying a swear word. He's very sorry and promises it won't happen again.

nn

His passions include emails, run-on sentences and following through with action items developed during a conference call. And woodwork.

","cbAvatar":"https://crunchbase-production-res.cloudinary.com/image/upload/v1397184754/3c0bc2aaafcba3fc8163f9e49d405eb6.jpg","twitter":"mjburnsy","_links":{"self":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/24986667"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"wp:featuredmedia":[{"id":1840498,"date":"2019-06-11T07:13:35","slug":"buying-cars-online","type":"attachment","link":"https://techcrunch.com/2019/06/12/the-future-of-car-ownership-building-an-online-dealership/buying-cars-online/","title":{"rendered":"buying-cars-online"},"author":24986667,"license":"","authors":[24986667],"caption":{"rendered":""},"alt_text":"","media_type":"image","mime_type":"image/png","media_details":{"width":3200,"height":1700,"file":"2019/06/buying-cars-online.png","sizes":{"thumbnail":{"file":"buying-cars-online.png?resize=150,80","width":150,"height":80,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png?w=150"},"medium":{"file":"buying-cars-online.png?resize=300,159","width":300,"height":159,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png?w=300"},"medium_large":{"file":"buying-cars-online.png?resize=768,408","width":768,"height":408,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png?w=1024"},"large":{"file":"buying-cars-online.png?resize=680,361","width":680,"height":361,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png?w=680"},"guest-author-32":{"file":"buying-cars-online.png?resize=32,32","width":32,"height":32,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png?w=32&h=32&crop=1"},"guest-author-50":{"file":"buying-cars-online.png?resize=50,50","width":50,"height":50,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png?w=50&h=50&crop=1"},"guest-author-64":{"file":"buying-cars-online.png?resize=64,64","width":64,"height":64,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png?w=64&h=64&crop=1"},"guest-author-96":{"file":"buying-cars-online.png?resize=96,96","width":96,"height":96,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png?w=96&h=96&crop=1"},"guest-author-128":{"file":"buying-cars-online.png?resize=128,128","width":128,"height":128,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png?w=128&h=128&crop=1"},"concierge-thumb":{"file":"buying-cars-online.png?resize=50,27","width":50,"height":27,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png?w=50"},"full":{"file":"buying-cars-online.png","width":1024,"height":544,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]},"filesize":233516},"source_url":"https://techcrunch.com/wp-content/uploads/2019/06/buying-cars-online.png","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/media/1840498"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/media"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/attachment"}],"replies":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1840498"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/24986667"}]}}],"wp:term":[[{"id":449557096,"link":"https://techcrunch.com/automotive/","name":"Automotive","slug":"automotive","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/449557096"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=449557096"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=449557096"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=449557096"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":20429,"link":"https://techcrunch.com/startups/","name":"Startups","slug":"startups","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/20429"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=20429"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=20429"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=20429"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":2401,"link":"https://techcrunch.com/transportation/","name":"Transportation","slug":"transportation","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/2401"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=2401"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=2401"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=2401"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":35394854,"link":"https://techcrunch.com/venture-capital-2/","name":"Venture Capital","slug":"venture-capital-2","taxonomy":"category","parent":0,"rapidData":{"pt":"","pct":""},"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/35394854"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=35394854"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=35394854"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=35394854"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[{"id":576607303,"link":"https://techcrunch.com/tag/autonation/","name":"autonation","slug":"autonation","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/576607303"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=576607303"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576607303"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576607303"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=576607303"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576607303"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":149547642,"link":"https://techcrunch.com/tag/beepi/","name":"Beepi","slug":"beepi","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/149547642"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=149547642"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=149547642"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=149547642"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=149547642"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=149547642"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":13714,"link":"https://techcrunch.com/tag/bmw/","name":"BMW","slug":"bmw","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/13714"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=13714"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=13714"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=13714"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=13714"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=13714"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":9012,"link":"https://techcrunch.com/tag/car/","name":"car","slug":"car","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/9012"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=9012"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=9012"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=9012"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=9012"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=9012"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":576599635,"link":"https://techcrunch.com/tag/car-buying/","name":"car buying","slug":"car-buying","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/576599635"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=576599635"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=576599635"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=576599635"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=576599635"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=576599635"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449560960,"link":"https://techcrunch.com/tag/car-dealership/","name":"car dealership","slug":"car-dealership","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/449560960"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=449560960"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449560960"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449560960"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=449560960"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449560960"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":449550757,"link":"https://techcrunch.com/tag/car-ownership/","name":"car ownership","slug":"car-ownership","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/449550757"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=449550757"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=449550757"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=449550757"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=449550757"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=449550757"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":424164039,"link":"https://techcrunch.com/tag/car-sales/","name":"car sales","slug":"car-sales","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/424164039"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=424164039"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=424164039"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=424164039"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=424164039"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=424164039"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":12380594,"link":"https://techcrunch.com/tag/carvana/","name":"Carvana","slug":"carvana","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/12380594"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=12380594"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=12380594"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=12380594"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=12380594"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=12380594"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}},{"id":1887395,"link":"https://techcrunch.com/tag/comerica/","name":"Comerica","slug":"comerica","taxonomy":"post_tag","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags/1887395"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/tags"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?tags=1887395"},{"href":"https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=1887395"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=1887395"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_topic?tags=1887395"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?tags=1887395"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[],[],[]]}}]},"isAdminBar":"","marketoEventId":"1004","marketoBrandStudioId":"1740","menus":{"main":[{"id":335981,"order":1,"parent":0,"text":"Startups","url":"https://techcrunch.com/startups/","attr":"","target":"","classes":[""],"description":"","object_id":20429,"object":"category","type":"taxonomy","type_label":"Category","children":[]},{"id":1599989,"order":2,"parent":0,"text":"Apps","url":"https://techcrunch.com/apps/","attr":"","target":"","classes":[""],"description":"","object_id":449557102,"object":"category","type":"taxonomy","type_label":"Category","children":[]},{"id":335983,"order":3,"parent":0,"text":"Gadgets","url":"https://techcrunch.com/gadgets/","attr":"","target":"","classes":[""],"description":"","object_id":449557086,"object":"category","type":"taxonomy","type_label":"Category","children":[]},{"id":335986,"order":4,"parent":0,"text":"Videos","url":"/video/","attr":"","target":"","classes":[""],"description":"","object_id":335986,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1761192,"order":5,"parent":0,"text":"Audio","url":"https://techcrunch.com/pages/podcasts/","attr":"","target":"","classes":[""],"description":"","object_id":1760429,"object":"page","type":"post_type","type_label":"Page","children":[]},{"id":1781882,"order":6,"parent":0,"text":"Extra Crunch","url":"/extracrunch/","attr":"","target":"","classes":[""],"description":"","object_id":1781882,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1599992,"order":7,"parent":0,"text":"Newsletters","url":"/newsletter","attr":"","target":"","classes":[""],"description":"","object_id":1599992,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1599991,"order":8,"parent":0,"text":"u2014","url":"/","attr":"","target":"","classes":[""],"description":"","object_id":1599991,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1599990,"order":9,"parent":0,"text":"Events","url":"/events/","attr":"","target":"","classes":[""],"description":"","object_id":1599990,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1752899,"order":10,"parent":0,"text":"Advertise","url":"https://techcrunch.com/pages/advertisement-events-calendar/","attr":"","target":"","classes":[""],"description":"","object_id":1416499,"object":"page","type":"post_type","type_label":"Page","children":[]}],"startup-battlefield":[{"id":1602061,"order":1,"parent":0,"text":"About","url":"/startup-battlefield/about/","attr":"","target":"","classes":[""],"description":"","object_id":1602061,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1602062,"order":2,"parent":0,"text":"FAQ","url":"/startup-battlefield/faq/","attr":"","target":"","classes":[""],"description":"","object_id":1602062,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1602065,"order":3,"parent":0,"text":"Battlefield Home","url":"/startup-battlefield/","attr":"","target":"","classes":[""],"description":"","object_id":1602065,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1602063,"order":4,"parent":0,"text":"Leaderboard","url":"/startup-battlefield/leaderboard/","attr":"","target":"","classes":[""],"description":"","object_id":1602063,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1787197,"order":5,"parent":0,"text":"Apply Now","url":"https://apply.techcrunch.com","attr":"","target":"","classes":["apply-now-link"],"description":"","object_id":1787197,"object":"custom","type":"custom","type_label":"Custom Link","children":[]}],"footer":[{"id":1787716,"order":1,"parent":0,"text":"TechCrunch","url":"https://techcrunch.com","attr":"","target":"","classes":[""],"description":"","object_id":1787716,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1601925,"order":2,"parent":0,"text":"Privacy Policy","url":"https://policies.oath.com/xw/en/oath/privacy/intl/index.html","attr":"","target":"","classes":[""],"description":"","object_id":1601925,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1601926,"order":3,"parent":0,"text":"About Our Ads","url":"http://adinfo.aol.com/about-our-ads/","attr":"","target":"","classes":[""],"description":"","object_id":1601926,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1687671,"order":4,"parent":0,"text":"Code of Conduct","url":"https://techcrunch.com/pages/code-of-conduct/","attr":"","target":"","classes":[""],"description":"","object_id":1678717,"object":"page","type":"post_type","type_label":"Page","children":[]},{"id":1601928,"order":5,"parent":0,"text":"Terms of Service","url":"https://policies.oath.com/xw/en/oath/terms/otos/index.html","attr":"","target":"","classes":[""],"description":"","object_id":1601928,"object":"custom","type":"custom","type_label":"Custom Link","children":[]}],"submenu":[{"id":1599997,"order":1,"parent":0,"text":"Topics","url":"#","attr":"","target":"","classes":[""],"description":"","object_id":1599997,"object":"custom","type":"custom","type_label":"Custom Link","children":[{"id":1600003,"order":2,"parent":1599997,"text":"Social","url":"https://techcrunch.com/social/","attr":"","target":"","classes":[""],"description":"How technology is shaping the way we live with each other","object_id":3457,"object":"category","type":"taxonomy","type_label":"Category","children":[]},{"id":1600004,"order":3,"parent":1599997,"text":"Mobile","url":"https://techcrunch.com/mobile/","attr":"","target":"","classes":[""],"description":"The apps, platforms and businesses redefining how we use computers","object_id":449557028,"object":"category","type":"taxonomy","type_label":"Category","children":[]},{"id":1600005,"order":4,"parent":1599997,"text":"Enterprise","url":"https://techcrunch.com/enterprise/","attr":"","target":"","classes":[""],"description":"How cloud computing, big data and new devices are changing work","object_id":449557044,"object":"category","type":"taxonomy","type_label":"Category","children":[]}]},{"id":1599998,"order":5,"parent":0,"text":"About","url":"#","attr":"","target":"","classes":[""],"description":"","object_id":1599998,"object":"custom","type":"custom","type_label":"Custom Link","children":[{"id":1601717,"order":6,"parent":1599998,"text":"Staff","url":"/pages/about-techcrunch","attr":"","target":"","classes":[""],"description":"","object_id":1601717,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1600007,"order":7,"parent":1599998,"text":"Contact Us","url":"https://techcrunch.com/pages/contact-us/","attr":"","target":"","classes":[""],"description":"","object_id":672,"object":"page","type":"post_type","type_label":"Page","children":[]},{"id":1600006,"order":8,"parent":1599998,"text":"Advertising Opportunities","url":"https://techcrunch.com/pages/advertisement-events-calendar/","attr":"","target":"","classes":[""],"description":"","object_id":1416499,"object":"page","type":"post_type","type_label":"Page","children":[]}]},{"id":1600000,"order":9,"parent":0,"text":"More TechCrunch","url":"#","attr":"","target":"","classes":[""],"description":"","object_id":1600000,"object":"custom","type":"custom","type_label":"Custom Link","children":[{"id":1600009,"order":10,"parent":1600000,"text":"Startup Battlefield","url":"/startup-battlefield","attr":"","target":"","classes":[""],"description":"","object_id":1600009,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1795710,"order":11,"parent":1600000,"text":"Sponsored Content","url":"/sponsored","attr":"","target":"","classes":[""],"description":"","object_id":1795710,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1600010,"order":12,"parent":1600000,"text":"Include","url":"/include/","attr":"","target":"","classes":[""],"description":"","object_id":1600010,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1833332,"order":13,"parent":1600000,"text":"Unicorn Leaderboard","url":"https://techcrunch.com/unicorn-leaderboard/","attr":"","target":"","classes":[""],"description":"","object_id":1208000,"object":"page","type":"post_type","type_label":"Page","children":[]},{"id":1833377,"order":14,"parent":1600000,"text":"Crunchbase","url":"http://crunchbase.com/","attr":"","target":"","classes":[""],"description":"","object_id":1833377,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1600012,"order":15,"parent":1600000,"text":"Crunchboard","url":"http://crunchboard.com","attr":"","target":"","classes":[""],"description":"","object_id":1600012,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1620756,"order":16,"parent":1600000,"text":"Apply to Startup Events","url":"https://techcrunch.com/pages/tc-startup-programs/","attr":"","target":"","classes":[""],"description":"","object_id":1617703,"object":"page","type":"post_type","type_label":"Page","children":[]}]},{"id":1600001,"order":17,"parent":0,"text":"Read Anywhere","url":"#","attr":"","target":"","classes":[""],"description":"","object_id":1600001,"object":"custom","type":"custom","type_label":"Custom Link","children":[{"id":1600013,"order":18,"parent":1600001,"text":"App Store","url":"https://itunes.apple.com/us/app/techcrunch/id526058642?mt=8","attr":"","target":"","classes":[""],"description":"","object_id":1600013,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1600014,"order":19,"parent":1600001,"text":"Google Play","url":"https://play.google.com/store/apps/details?id=com.aol.mobile.techcrunch","attr":"","target":"","classes":[""],"description":"","object_id":1600014,"object":"custom","type":"custom","type_label":"Custom Link","children":[]}]},{"id":1600002,"order":20,"parent":0,"text":"International","url":"#","attr":"","target":"","classes":[""],"description":"","object_id":1600002,"object":"custom","type":"custom","type_label":"Custom Link","children":[{"id":1600015,"order":21,"parent":1600002,"text":"China","url":"http://techcrunch.cn/","attr":"","target":"","classes":[""],"description":"","object_id":1600015,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1600016,"order":22,"parent":1600002,"text":"Japan","url":"http://jp.techcrunch.com/","attr":"","target":"","classes":[""],"description":"","object_id":1600016,"object":"custom","type":"custom","type_label":"Custom Link","children":[]}]}],"include":[{"id":1601974,"order":1,"parent":0,"text":"Our Mission","url":"/include/mission-statement","attr":"","target":"","classes":[""],"description":"","object_id":1601974,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1601975,"order":2,"parent":0,"text":"Office Hours","url":"/include/office-hours","attr":"","target":"","classes":[""],"description":"","object_id":1601975,"object":"custom","type":"custom","type_label":"Custom Link","children":[]}],"video-hub":[{"id":1605165,"order":1,"parent":0,"text":"News","url":"/shows/tctv-news","attr":"","target":"","classes":[""],"description":"","object_id":1605165,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605166,"order":2,"parent":0,"text":"Gadgets","url":"/shows/gadgets","attr":"","target":"","classes":[""],"description":"","object_id":1605166,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605167,"order":3,"parent":0,"text":"Features","url":"/shows/features","attr":"","target":"","classes":[""],"description":"","object_id":1605167,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605168,"order":4,"parent":0,"text":"Reviews","url":"/shows/reviews","attr":"","target":"","classes":[""],"description":"","object_id":1605168,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605169,"order":5,"parent":0,"text":"Interviews","url":"/shows/interviews","attr":"","target":"","classes":[""],"description":"","object_id":1605169,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605170,"order":6,"parent":0,"text":"Apps","url":"/shows/apps","attr":"","target":"","classes":[""],"description":"","object_id":1605170,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605171,"order":7,"parent":0,"text":"Disrupt","url":"/shows/techcrunch-disrupt","attr":"","target":"","classes":[""],"description":"","object_id":1605171,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605172,"order":8,"parent":0,"text":"Battlefield","url":"/shows/techcrunch-battlefield","attr":"","target":"","classes":[""],"description":"","object_id":1605172,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605173,"order":9,"parent":0,"text":"Sessions","url":"/shows/tc-sessions","attr":"","target":"","classes":[""],"description":"","object_id":1605173,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605174,"order":10,"parent":0,"text":"Crunch Report","url":"/shows/crunch-report","attr":"","target":"","classes":[""],"description":"","object_id":1605174,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605175,"order":11,"parent":0,"text":"Judah vs the Machines","url":"/shows/judah-vs-the-machines","attr":"","target":"","classes":[""],"description":"","object_id":1605175,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605176,"order":12,"parent":0,"text":"Down Round","url":"/shows/down-round","attr":"","target":"","classes":[""],"description":"","object_id":1605176,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605177,"order":13,"parent":0,"text":"Trust Disrupted","url":"/shows/trust-disrupted","attr":"","target":"","classes":[""],"description":"","object_id":1605177,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605178,"order":14,"parent":0,"text":"Built in Brooklyn","url":"/shows/built-in-brooklyn","attr":"","target":"","classes":[""],"description":"","object_id":1605178,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605179,"order":15,"parent":0,"text":"Inside Jobs","url":"/shows/inside-jobs","attr":"","target":"","classes":[""],"description":"","object_id":1605179,"object":"custom","type":"custom","type_label":"Custom Link","children":[]},{"id":1605180,"order":16,"parent":0,"text":"TC Cribs","url":"/shows/tc-cribs","attr":"","target":"","classes":[""],"description":"","object_id":1605180,"object":"custom","type":"custom","type_label":"Custom Link","children":[]}]},"playlistData":{"homepage":[],"videohub":[]},"entities":{"posts":[{"id":1845350,"date":"2019-06-18T02:01:19","date_gmt":"2019-06-18T09:01:19","guid":{"rendered":"https://techcrunch.com/?p=1845350"},"modified":"2019-06-18T02:35:44","modified_gmt":"2019-06-18T09:35:44","slug":"facebook-libra","status":"publish","type":"post","link":"https://techcrunch.com/2019/06/18/facebook-libra/","title":{"rendered":"Facebook announces Libra cryptocurrency: All you need to know"},"content":{"rendered":"

Facebook has finally revealed the details of its cryptocurrency Libra, which will let you buy things or send money to people with nearly zero fees. You’ll pseudonymously buy or cash out your Libra online or at local exchange points like grocery stores, and spend it using interoperable third-party wallet apps or Facebook’s own Calibra wallet that will be built into WhatsApp, Messenger, and its own app. Today Facebook released its white paper explaining Libra and its testnet for working out the kinks of its blockchain system before a public launch in the first half of 2020.

n

Facebook won’t fully control Libra, but instead get just a single vote in its governance like other founding members of the Libra Association including Visa, Uber, and Andreessen Horowitz who’ve invested at least $10 million each into the project’s operations. The association will promote the open-sourced Libra blockchain and developer platform with its own Move programming language plus sign up businesses to accept Libra for payment and even give customers discounts or rewards.

n

Facebook is launching a subsidiary company also called Calibra that handles its crypto dealings and protects users’ privacy by never mingling your Libra payments with your Facebook data so it can’t be used for ad targeting. Your real identity won’t be tied to your publicly visible transactions. But Facebook/Calibra and other founding members of the Libra Association will earn interest on the money users cash in that is held in reserve to keep the value of Libra stable.

n

n

Facebook’s audacious bid to create a global digital currency that promotes financial inclusion for the unbanked actually has more privacy and decentralization built in than many expected. Instead of trying to dominate Libra’s future or squeeze tons of cash out of it immediately, Facebook is instead playing the long-game by pulling payments into its online domain. Facebook’s VP of blockchain David Marcus explains the company’s motive and the tie-in with its core revenue source, telling me “if more commerce happens, then more small business will sell more on and off platform, and they’lll want to buy more ads on the platform so it will be good for our ads business.”

n

The Risk And Reward Of Building The New PayPal

n

In cryptocurrencies, Facebook saw both a threat and an opportunity. They held the promise of disrupting how things are bought and sold by eliminating transaction fees common with credit cards. That comes dangerously close to Facebook’s ad business that influences what is bought and sold. If a competitor like Google or an upstart built a popular coin and could monitor the transactions, they’d learn what people buy and could muscle in on the billions spent on Facebook marketing. Meanwhile, the 1.7 billion people who lack a bank account might choose whoever offers them a financial services alternative as their online identity provider too. That’s another thing Facebook wants to be.

n

Yet existing cryptocurrencies like Bitcoin and Ethereum weren’t properly engineered to scale to be a medium of exchange. Their unanchored price was susceptible to huge and unpredictable swings, making it tough for merchants to accept as payment. And cryptocurrencies miss out on much of their potential beyond speculation unless there are enough places that will take them instead of dollars, and the experience of buying and spending them is easy enough for a mainstream audience. But with Facebook’s relationship with 7 million advertisers and 90 million small businesses plus its user experience prowess, it was well poised to tackle this juggernaut of a problem.

n

n

Now Facebook wants to make Libra the evolution of PayPal. It’s hoping Libra will become simpler to set up, more ubiquitous as a payment method, more efficient with fewer fees, more accessible to the unbanked, more flexible thanks to developers, and more long-lasting through decentralization.

n

“Success will mean that a person working abroad has a fast and simple way to send money to family back home, and a college student can pay their rent as easily as they can buy a coffee” Facebook writes in its Libra documentation. That would be a big improvement on today, when you’re stuck paying rent in insecure checks while exploitative remittance services like charge an average of 7% to send money abroad, taking $50 billion from users annually. Libra could also power tiny microtransactions worth just a few cents that are infeasible with credit card fees attached, or replace your pre-paid transit pass.

n

…Or it could globally ignored by consumers who see it as too much hassle for too little reward, or too unfamiliar and limited in use to pull them into the modern financial landscape. Facebook has built a reputation for over-engineered, underused products. It will need all the help it can get if wants to replace what’s already in our pockets.

n

How Does Libra Work?

n

By now you know the basics of Libra. Cash in a local currency, get Libra, spend them like dollars without big transaction fees or your real name attached, cash them out whenver you want. Feel free to stop reading and share this article if that’s all you care about. But the underlying technology, the association that governs it, the wallets you’ll use, and the way payments work all have a huge amount of fascinating detail to them. Facebook has released over 100 pages of documentation on Libra and Calibra, and we’ve pulled out the most important facts. Let’s dive in.

n

The Libra Association – Crypto’s New Oligarchy

n

Facebook knew people wouldn’t trust it to wholly control the cryptocurrency they use, and it also wanted help to spur adoption. So Facebook recruited the founding members of the Libra Association, which oversees the development of the token, the reserve of real-world assets that gives it value, and the governance rules of the blockchain. Each founding member paid a minimum of $10 million to join and optionally become a validatory node operator (more on that later), gain one vote in the Libra Association council, and be entitled to a share (proportionate to their investment) of the dividends from interest earned on the Libra reserve users pay fiat currency into to receive Libra.

n

n

The 28 soon-to-be founding members of the association and their industries, previously reported by The Block’s Frank Chaparro, include:

n
    n
  • Payments: Mastercard, PayPal, PayU (Naspersu2019 fintech arm), Stripe, Visa
  • n
  • Technology and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc.
  • n
  • Telecommunications: Iliad, Vodafone Group
  • n
  • Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
  • n
  • Venture Capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
  • n
  • Nonprofit and multilateral organizations, and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Womenu2019s World Banking
  • n
n

Facebook says it hopes to reach 100 founding members before the official Libra launch and it’s open to anyone that meets the requirements including direct competitors to like Google or Twitter.

n

To join, members must have a half rack of server space, a 100mbps or above dedicated internet connection, a full-time site reliability engineer, and enterprise-grade security. Businesses must hit two of three thresholds of a $1 billion USD market value or $500 million in customer balances, reach 20 million people a year, and/or be recognized as a top 100 industry leader by a group like Interbrand Global or the S&P.

n

Crypto-focused investors must have over $1 billion in assets under management, while Blockchain businesses must have been in business for a year, have enterprise grade security and privacy, and custody or staking greater than $100 million in assets. And only up to one-third of founding members can by crypto-related businesses or invidually invited exceptions. Facebook also accepts research organizations like universities, and non-profits fulfilling three of four qualties including working on financial inclusion for over five years, multi-national reach to lots of users, a top 100 designation by Charity Navigator or something like it, and/or $50 million in budget.

n

n

The Libra Association will be responsible for picking recruiting more founding members to act as validator nodes for the blockchain, fundraising to jumpstart the ecosystem, designing incentive programs to reward early adopters, and doling out social impact grants. A council with a representative from each member will help choose the association’s managing director who will appoint an executive team, elect a board of 5 to 19 top representatives.

n

Each member including Facebook/Calibra will only get up to one vote or 1% of the total vote (whichever is larger) in the Libra Association council. This provides a level of decentralization that protects against Facebook or any other player hijacking Libra for its own gain.

n

The Libra Currency – A Stablecoin

n

A Libra is a unit of the Libra cryptocurrency that’s represented by a three wavy horizontal line unicode character u224b like the dollar is represented by $. The value of a Libra is meant to stay largely stable so it’s a good medium of exchange since merchants can be confident they won’t be paid a Libra today that’s then worth less tomorrow. The Libra’s value is tied to a basket of bank deposits and short-term government securities for a slew of historically stable international currencies including the dollar, pound, europ, swiss franc, and yen. The Libra Association maintains this basket of assets and can change the balance of its composition if necessary to offset major price fluctuations in any one foreign currency so that the value of a Libra stays consistent.

n

The Libra Association is still hammering out the exact start value for the Libra, but it’s meant to somewhere close to the value of a dollar, euro, or pound so it’s easy to conceptualize. That way, a gallon of milk in the US might cost 3 to 4 Libra, similar but not exactly the same as with dollars.

n

The idea is that you’ll cash in some money and keep a balance of Libra that you can spend at accepting merchants and online services. You’ll be able to trade in your local currency for Libra and vice versa through certain wallet apps including Facebook’s Calibra, third-party wallet apps, and local resellers like convenience or grocery stores where people already go to top-up their mobile data plan.

n

The Libra Reserve – One For One

n

Each time someone cashes in a dollar or their respective local currency, that money goes into the Libra Reserve and an equivalent value of Libra is minted and doled out to that person. If someone cashes out from the Libra Association, the Libra they give back are destroyed/burned and they receive the equivalent value in their local currency back. That means there’s always 100% of the value of the Libra in circulation collateralized with real world assets in the Libra Reserve. It never runs fractional. And unliked “pegged” stable coins that are tied to a single currency like the USD, Libra maintains its own value — though that should cash out to roughly the same amount of a given currency over time.

n

n

When Libra Association members join and pay their $10 million minimum, they receive Libra Investment Tokens. Their share of the total tokens translates into the proportion of the dividend they earn off of interest on assets in the reserve. Those dividends are only paid out after Libra Association uses interest to pay for operating expenses, investments in the ecosystem, engineering research, and grants to non-profits and other organizations. This interest is part of what attracted the Libra Association’s members. If Libra becomes popular and many people carry a large balance of the currency, the reserve will grow huge and earn significant interest.

n

The Libra Blockchain – Built For Speed

n

Every Libra payment is permanently written into the Libra blockchain — a cryptographically authenticated database that acts as a public online ledger designed to handle 1000 transactions per second. The blockchain is operated and constantly verified by founding members of the Libra Association who each invested $10 million or more for a say in the cryptocurrency’s governance and the ability operate a validator node.

n

When a transaction is submitted, each of the nodes runs a calculation based on the existing ledger of all transactions. Thanks to a Byzantine Fault Tolerance system, just two-thirds of the nodes must come to consensus that the transaction is legitimate for it to be executed and written to the blockchain. A structure of Merkle Trees in the code makes it simple to recognize changes made to the Libra blockchain.

n

Transactions on Libra cannot be reversed. If an attack compromises over one-third of the validator nodes causing a fork in the blockchain, the Libra Association says it will temporarily halt transactions, figure out the extent of the damaage, and recommend software updates to resolve the fork.

n

Transactions aren’t entirely free. They incur a tiny fraction of a cent fee to pay for “gas” that covers the cost of processing the transfer of funds similar to with Ethereum. This fee will be negligible to most consumers, but when they add up the gas charges will deter bad actors from creating millions of transactions to power spam and denial-of-service attacks.

n

Move Coding Language – For Moving Libra

n

The Libra blockchain is open source with an Apache 2.0 license and any developer can build apps that work with it using the Move coding language. The blockchain’s prototype launches its testnet today, so it’s effectively in developer beta mode until it officially launches in the first half of 2020. The Libra Association is working with HackerOne to launch a bug bounty system later this year that will pay security researchers for safely identifying flaws and glitches. In the meantime, the Libra Association is implementing the Libra Core using the Rust programming language since it’s designed to prevent security vulnerabilities, and the Move language isn’t fully ready yet.

n

Move was created to make it easier to write blockchain code that follows an author’s intent without introducing bugs. It’s called Move because its primary function is to move Libra coins from one account to another, and never let those assets be accidentally duplicated. The core transaction code looks like “LibraAccount.pay_from_sender(recipient_address, amount) procedure”. Eventually, Move will be able to create smart contracts for programmatic interactions with the Libra blockchain. Until Move is ready, developers can create modules and transaction scripts for Libra using Move IR, which is high-level enough to be human-readable but low-level enough to be translatable into real Move bytecode that’s written to the blockchain.

n

The Libra ecosystem and the Move language will be completely open to use and build, which presents a sizable risk. Crooked developers could prey on crypto novices, claiming their app works just the same legitimate ones, and that it’s safe since it uses Libra. But if consumers get ripped off by these scammers, the anger will surely bubble up to Facebook. Even though it’s tried to distance itself sufficiently via its subsidiary Libra and the association, many people will probably always think of Libra as Facebook’s cryptocurrency and blame it for their woes.

n

Using Libra In The Wild – Calibra

n

So how do you actually own and spend Libra? Through Libra wallets like Facebook’s own Calibra and others that will be built by third-parties, potentially including Libra Association members like PayPal. The idea is to make sending money to a friend or paying for something as easy as sending a Facebook Message. You won’t be able to make or receive any real payments until the official launch next year, though.

n

None of the Libra Association members agreed to provide details on what they’ll build on the blockchain, but we can take Facebook’s Calibra wallet as an example of the basic experience. Calibra will launch alongside the Libra currency on iOS and Android within Facebook Messenger, WhatsApp, and a standalone app. When users first sign up, they’ll be taken through a Know Your Customer anti-fraud process where they’ll have to provide a government issued photo ID and other verification info. They’ll need to conduct due diligence on customers and report suspicious activity to the authorities.

n

From there you’ll be able to cash in to Libra, pick a friend or merchant, set an amount to send them and add a description, and send them Libra. You’ll also be able to request Libra. It’s also likely that Calibra will offer an expedited way of paying merchants, liking scanning your or their QR code.

n

Privacy – At Least From Facebook

n

Facebook CEO Mark Zuckerberg explained some of the philosophy behind Libra and Calibra in a post today. “It’s decentralized — meaning it’s run by many different organizations instead of just one, making the system fairer overall. It’s available to anyone with an internet connection and has low fees and costs. And it’s secured by cryptography which helps keep your money safe. This is an important part of our vision for a privacy-focused social platform — where you can interact in all the ways you’d want privately, from messaging to secure payments.”

n

By default, Facebook won’t import your contacts or any of your profile information but may ask if you wish to do so. It also won’t share any of your transaction data back to Facebook, so it won’t used to target you with ads, rank your News Feed, or otherwise earn Facebook money directly. Data will only be shared in specific instances in aggregated, anonymized ways or due to a request from law enforcement.

n
n
n

not
not
not

Today, Facebook is partnering 27 organizations around the world to launch the nonprofit Libra and ...

not

posted by Mark Zuckerberg sure Tuesday, June 18, 2019

not
not
notnot

In the event that you are hacked, scammed or lost access to your account, Calibra will reimburse you for lost coins when possible through 24/7 support. Since Calibra will likely become the default wallet for many Balance users, this extra protection is essential.

not

For the moment, Calibra will not earn money. But Kevin Weil, product manager of Facebook's blockchain team, told me that if it reached the scale, Facebook could launch other financial services via Calibra that it could monetize.

not

A world currency

not

If Facebook succeeds and legions of people take money for Libra, she and the other founding members of the Libra association could reap big dividends. And if, all of a sudden, it becomes very fast to buy things via Facebook with the help of Libra, companies will increase their ad spending there. But if Libra is hacked or unreliable, it could cost money for many people around the world while offering them cryptocurrency. And by offering an open Libra platform, shady developers could create applications that not only capture the personal information of people like Cambridge Analytica, but also their hard-earned digital money.

not

Facebook has just tried to reinvent the money. Next year we will see if the Libra Association will succeed.

n "," protected ": false}," extracted ": {" rendered ":"

Facebook has finally revealed the details of its cryptocurrency, Libra, which will allow you to buy things or send money to people paying no fees. You will buy or retrieve your Libra by pseudonym online or at local interchange points such as grocery stores, and you will spend it through interoperable third-party wallet applications or Facebook's own Calibra wallet. […]n "," protected ": false}," author ": 1603003," media_selected ": 1845391," comment_status ":" open "," ping_status ":" closed "," sticky ": false," template ":" "," format ":" standard "," meta ": {" result ":" "," status ":" "," crunchbase_tag ": 0," amp_status ":" "," relegenceEntities ":[], "relegenceSubjects":[], "jetpack_publicize_message": "Facebook announces the cryptocurrency Libra: all you need to know about https: / / tcrn.ch / 2FjoqzU by @joshconstine"}, "categories":[17396],"Keywords":[], "crunchbase_tag":[], "tc_stories_tax":[], "tc_event":[], "jetpack_featured_media_url": "https: / / techcrunch.com / wp-content / uploads / 2019 / 06 /Facebook-Libra.png", "jetpack_publicize_connections" ::[], "shortlink": "https: / / tcrn.ch / 2FjoqzU", "rapidData": {"pt": "", "pct": ""}, "selected": true, "subtitle ":" Use cases, technology and motive of the new digital currency "," fundingRound ": false," seoTitle ":" "," seoDescription ":" "," premiumContent ": false," premiumCutoffPercent ": 1," tc_cb_mapping ":[], "relatedEvent": null, "event": null, "authors":[1603003], "hideFeaturedImage": false, "relatedArticles":[], "_ links": {"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts/1845350"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts"}],"sure":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/post"}], "version history":[{"count":10,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1845350/revisions"}], "predecessor version":[{"id":1845411,"href":"https://techcrunch.com/wp-json/wp/v2/posts/1845350/revisions/1845411"}]"Authors":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/1603003"}]"Answers":[{"embeddable":true,"count":0,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1845350&order=asc&tc_hierarchical=flat"}], "https: / / techcrunch.com / edit":[{"href":"https://techcrunch.com/wp-admin/post.php?post=1845350&action=edit"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/1603003"}], "wp: selectedemedia":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/media/1845391"}], "wp: attachment":[{"href":"https://techcrunch.com/wp-json/wp/v2/media?parent=1845350"}], "wp: term":[{"taxonomy":"category","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/categories?post=1845350"},{"taxonomy":"post_tag","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tags?post=1845350"},{"taxonomy":"_tc_cb_tag_taxonomy","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1845350"},{"taxonomy":"tc_stories_tax","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1845350"},{"taxonomy":"tc_event","embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/tc_event?post=1845350"}], "curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}, "_ embedded": {"authors":[{"Id":1603003"name":"JoshConstine""url":"""description":"""link":"https://techcrunchcom/author/josh-Constine/""slug":"josh-Constine""avatar_urls":{"24":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5ds=24&d=Identicon&r=g""48":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5ds=48&d=Identicon&r=g""96":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5ds=96&d=Identicon&r=g?"}"links":{"homepage":"http://wwwJoshConstinecom""facebook":"http:"//wwwfacebookcom/joshConstine""twitter":"https://twittercom/joshconstine""linkedin":"https://wwwlinkedincom/in/joshconstine/""CrunchBase""https://wwwcrunchbasecom/person/joshconstine"}"position":"Editor-at-Large""cbDescription":"[{"Id":1603003"name":"JoshConstine""url":"""description":"""link":"https://techcrunchcom/author/josh-Constine/""slug":"josh-Constine""avatar_urls":{"24":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5ds=24&d=Identicon&r=g""48":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5ds=48&d=Identicon&r=g""96":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5ds=96&d=Identicon&r=g?"}"links":{"homepage":"http://wwwJoshConstinecom""facebook":"http://wwwfacebookcom/JoshConstine""twitter":"https://twittercom/joshconstine""linkedin":"https://wwwlinkedincom/en/joshconstine/""CrunchBase""https://wwwcrunchbasecom/person/joshconstine"}"position":"Editor-At-Large""cbDescription":"[{"id":1603003"name":"JoshConstine""url":"""description":"""link":"https://techcrunchcom/author/josh-constine/""slug":"josh-constine""avatar_urls":{"24":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=24&d=identicon&r=g""48":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=48&d=identicon&r=g""96":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=96&d=identicon&r=g"}"links":{"homepage":"http://wwwJoshConstinecom""facebook":"http:"//wwwfacebookcom/JoshConstine""twitter":"https://twittercom/joshconstine""linkedin":"https://wwwlinkedincom/dans/joshconstine/""crunchbase":"https://wwwcrunchbasecom/person/josh-constine"}"position":"Editor-At-Large""cbDescription":"[{"id":1603003"name":"JoshConstine""url":"""description":"""link":"https://techcrunchcom/author/josh-constine/""slug":"josh-constine""avatar_urls":{"24":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=24&d=identicon&r=g""48":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=48&d=identicon&r=g""96":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=96&d=identicon&r=g"}"links":{"homepage":"http://wwwJoshConstinecom""facebook":"http://wwwfacebookcom/JoshConstine""twitter":"https://twittercom/joshconstine""linkedin":"https://wwwlinkedincom/in/joshconstine/""crunchbase":"https://wwwcrunchbasecom/person/josh-constine"}"position":"Editor-At-Large""cbDescription":"

Josh Constine is a technology journalist specializing in in-depth analysis of social products. He is currently Editor-in-Chief for TechCrunch and is available for lectures.

n n

Previously, Constine was the senior editor of Inside Facebook thanks to its acquisition by WebMediaBrands, covering everything related to the social network.

n n

In 2009, Constine earned a Master's degree in Cybersociology from Stanford University, in which she examined the influence of technology on social interactions. He studied the impact of privacy controls on the socialization of children, the popularity cycles of members and what influences the click rate of links posted on Twitter.

n n

Constine also earned a Bachelor of Arts degree with honors from Stanford University in 2007, with a concentration in social psychology and interpersonal processes.

n n

Josh Constine is an experienced speaker. He has hosted more than 120 live interviews in 15 countries, including Facebook CEO Mark Zuckerberg, whistleblower Edward Snowden (via live videoconference) and US Senator Cory Booker. He is available to lead panels and discussions by the fire, deliver speeches, judge hackathon and pitch competitions.

n n

Constine a été cité par les journaux Wall Street Journal, CNN Money, The Atlantic, BBC World Magazine, Slate, etc., et a été présenté à la télévision sur les chaînes Good Morning, America, The Today Show, China Central Television et Fox News. Constine figure au premier rang des journalistes techniques les plus cités sur le prestigieux agrégateur de nouvelles Techmeme.

n n[Disclosures: Josh Constine temporarily advised a college friend's social location-sharing startup codenamed 'Signal' that was based in San Francisco before dissolving in 2015. This advising role was cleared with AOL and TechCrunch's editors and has concluded. Constine's fiancu00e9e Andee Gardiner co-founded startup accelerator Founders Embassy. Constine's cousin Darren Lachtman is the founder of influencer advertising startup Niche that was acquired by Twitter, and he's since left and founded teen content studio Brat. Constine does not write about Founders Embassy or Brat. Constine has personal acquaintances stemming from college housing circa 2007 with founders at Skybox Imaging (now Terra Bella), Hustle, Snapchat, and Robinhood, but does not maintain close social ties with them nor does that influence his writing. Constine occasionally does paid speaking engagements at conferences, but only those funded by companies he does not cover. Constine owns a small position in Ethereum and Bitcoin cryptocurrencies, does not day-trade, and discloses his positions directly in articles where appropriate. Constine does not do consulting, angel investing, or public stock trading beyond public stock invesments by his parents' estate that he has no role in managing or advising.]"," cbAvatar ":" https: / / crunchbase-production-res.cloudinary.com / image / upload / v1415412437 /xje35licfau9iewxnf44.png "," twitter ":" joshconstine "," _ liens ":: {"soi":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/1603003"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}],"auteur":[{"id":1603003"name":"JoshConstine""url":"""description":"""link":"https://techcrunchcom/author/josh-constine/""slug":"josh-constine""avatar_urls":{"24":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=24&d=identicon&r=g""48":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=48&d=identicon&r=g""96":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=96&d=identicon&r=g"}"links":{"homepage":"http://wwwJoshConstinecom""facebook":"http:"//wwwfacebookcom/JoshConstine""twitter":"https://twittercom/joshconstine""linkedin":"https://wwwlinkedincom/dans/joshconstine/""crunchbase":"https://wwwcrunchbasecom/person/josh-constine"}"position":"Editor-At-Large""cbDescription":"[{"id":1603003"name":"JoshConstine""url":"""description":"""link":"https://techcrunchcom/author/josh-constine/""slug":"josh-constine""avatar_urls":{"24":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=24&d=identicon&r=g""48":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=48&d=identicon&r=g""96":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=96&d=identicon&r=g"}"links":{"homepage":"http://wwwJoshConstinecom""facebook":"http://wwwfacebookcom/JoshConstine""twitter":"https://twittercom/joshconstine""linkedin":"https://wwwlinkedincom/in/joshconstine/""crunchbase":"https://wwwcrunchbasecom/person/josh-constine"}"position":"Editor-At-Large""cbDescription":"[{"id":1603003"name":"JoshConstine""url":"""description":"""link":"https://techcrunchcom/author/josh-constine/""slug":"josh-constine""avatar_urls":{"24":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=24&d=identicon&r=g""48":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=48&d=identicon&r=g""96":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=96&d=identicon&r=g"}"links":{"homepage":"http://wwwJoshConstinecom""facebook":"http:"//wwwfacebookcom/JoshConstine""twitter":"https://twittercom/joshconstine""linkedin":"https://wwwlinkedincom/dans/joshconstine/""crunchbase":"https://wwwcrunchbasecom/person/josh-constine"}"position":"Editor-At-Large""cbDescription":"[{"id":1603003"name":"JoshConstine""url":"""description":"""link":"https://techcrunchcom/author/josh-constine/""slug":"josh-constine""avatar_urls":{"24":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=24&d=identicon&r=g""48":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=48&d=identicon&r=g""96":"https://securegravatarcom/avatar/fd3b857e7f0024396cdbd36c4c102a5d?s=96&d=identicon&r=g"}"links":{"homepage":"http://wwwJoshConstinecom""facebook":"http://wwwfacebookcom/JoshConstine""twitter":"https://twittercom/joshconstine""linkedin":"https://wwwlinkedincom/in/joshconstine/""crunchbase":"https://wwwcrunchbasecom/person/josh-constine"}"position":"Editor-At-Large""cbDescription":"

Josh Constine est un journaliste technologique spécialisé dans l'analyse en profondeur de produits sociaux. Il est actuellement rédacteur en chef pour TechCrunch et est disponible pour des conférences.

n n

Auparavant, Constine était le rédacteur principal de Inside Facebook grâce à son acquisition par WebMediaBrands, couvrant tout ce qui concerne le réseau social.

n n

En 2009, Constine a obtenu une maîtrise en cybersociologie de l'Université de Stanford, dans laquelle elle examinait l'influence de la technologie sur les interactions sociales. Il a étudié l'impact des contrôles de confidentialité sur la socialisation des enfants, les cycles de popularité des membres et ce qui influence le taux de clic des liens postés sur Twitter.

n n

Constine a également obtenu un baccalauréat ès arts avec distinction de l'Université de Stanford en 2007, avec une concentration en psychologie sociale et processus interpersonnels.

n n

Josh Constine est un orateur expérimenté. Il a animé plus de 120 entretiens sur scène dans 15 pays, dont le PDG de Facebook, Mark Zuckerberg, le dénonciateur Edward Snowden (par vidéoconférence sur scène) et le sénateur américain Cory Booker. Il est disponible pour animer des panels et des discussions au coin du feu, livrer des discours, juger des compétitions de hackathon et de pitch.

n n

Constine a été cité par les journaux Wall Street Journal, CNN Money, The Atlantic, BBC World Magazine, Slate, etc., et a été présenté à la télévision sur les chaînes Good Morning, America, The Today Show, China Central Television et Fox News. Constine figure au premier rang des journalistes techniques les plus cités sur le prestigieux agrégateur de nouvelles Techmeme.

n n[Disclosures: Josh Constine temporarily advised a college friend's social location-sharing startup codenamed 'Signal' that was based in San Francisco before dissolving in 2015. This advising role was cleared with AOL and TechCrunch's editors and has concluded. Constine's fiancu00e9e Andee Gardiner co-founded startup accelerator Founders Embassy. Constine's cousin Darren Lachtman is the founder of influencer advertising startup Niche that was acquired by Twitter, and he's since left and founded teen content studio Brat. Constine does not write about Founders Embassy or Brat. Constine has personal acquaintances stemming from college housing circa 2007 with founders at Skybox Imaging (now Terra Bella), Hustle, Snapchat, and Robinhood, but does not maintain close social ties with them nor does that influence his writing. Constine occasionally does paid speaking engagements at conferences, but only those funded by companies he does not cover. Constine owns a small position in Ethereum and Bitcoin cryptocurrencies, does not day-trade, and discloses his positions directly in articles where appropriate. Constine does not do consulting, angel investing, or public stock trading beyond public stock invesments by his parents' estate that he has no role in managing or advising.]"," cbAvatar ":" https: / / crunchbase-production-res.cloudinary.com / image / upload / v1415412437 /xje35licfau9iewxnf44.png "," twitter ":" joshconstine "," _ liens ":: {"soi":[{"href":"https://techcrunch.com/wp-json/tc/v1/users/1603003"}],"collection":[{"href":"https://techcrunch.com/wp-json/tc/v1/users"}]}}], "wp: sélectionnéemedia":[{"id":1845391"date":"2019-06-18T02:00:18""slug":"facebook-libra-2""type":"piècejointe""lien":"https://techcrunchcom/2019/06/18/facebook-libra/facebook-libra-2/""titre":{"rendu":"FacebookBalance"}"auteur":1603003"licence":"""auteurs":[{"id":1845391"date":"2019-06-18T02:00:18""slug":"facebook-libra-2""type":"attachment""link":"https://techcrunchcom/2019/06/18/facebook-libra/facebook-libra-2/""title":{"rendered":"FacebookLibra"}"author":1603003"license":"""authors":[{"id":1845391"date":"2019-06-18T02:00:18""slug":"facebook-libra-2""type":"piècejointe""lien":"https://techcrunchcom/2019/06/18/facebook-libra/facebook-libra-2/""titre":{"rendu":"FacebookBalance"}"auteur":1603003"licence":"""auteurs":[{"id":1845391"date":"2019-06-18T02:00:18""slug":"facebook-libra-2""type":"attachment""link":"https://techcrunchcom/2019/06/18/facebook-libra/facebook-libra-2/""title":{"rendered":"FacebookLibra"}"author":1603003"license":"""authors":[1603003], "caption": {"render": ""}, "alt_text": "", "media_type": "image", "mime_type": "image / png", "media_details": {"width": 2321 , "hauteur": 1303, "fichier": "2019 / 06 /Facebook-Libra.png", "tailles": {"vignette": {"fichier": "Facebook-Libra.png? resize = 150, 84 "," width ": 150," height ": 84," mime_type ":" image / png "," source_url ":" https: / / techcrunch.com / wp-content / uploads / 2019 / 06 /Facebook-Libra.png? W = 150 "}," moyen ": {" fichier ":" Facebook-Libra.png? Resize = 300,168 "," largeur ": 300," hauteur ": 168 ,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/Facebook-Libra.png?w= 300"},"medium_large":{"file":"Facebook-Libra.png?resize=768,431","width":768,"height":431,"mime_type":"image/png","source_url ":"https://techcrunch.com/wp-content/uploads/2019/06/Facebook-Libra.png?w=1024"},"large":{"file":" Facebook-Libra.png?resize=680,382","width":680,"height":382,"mime_type":"image/png","source_url":"https://techcrunch.com/ wp-content/uploads/2019/06/Facebook-Libra.png?w=680"},"guest-auth or-32":{"file":"Facebook-Libra.png?resize=32,32","width":32,"height":32,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/Facebook-Libra.png?w=32&h=32&crop=1"},"guest-author-50":{"file":"Facebook-Libra.png?resize=50,50","width":50,"height":50,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/Facebook-Libra.png?w=50&h=50&crop=1"},"guest-author-64":{"file":"Facebook-Libra.png?resize=64,64","width":64,"height":64,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/Facebook-Libra.png?w=64&h=64&crop=1"},"guest-author-96":{"file":"Facebook-Libra.png?resize=96,96","width":96,"height":96,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/Facebook-Libra.png?w=96&h=96&crop=1"},"guest-author-128":{"file":"Facebook-Libra.png?resize=128,128","width":128,"height":128,"mime_type":"image/png","source_url":"https://techcr unch.com/wp-content/uploads/2019/06/Facebook-Libra.png?w=128&h=128&crop=1"},"concierge-thumb":{"file":"Facebook-Libra.png?resize=50,28","width":50,"height":28,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/Facebook-Libra.png?w=50"},"full":{"file":"Facebook-Libra.png","width":1024,"height":575,"mime_type":"image/png","source_url":"https://techcrunch.com/wp-content/uploads/2019/06/Facebook-Libra.png"}},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"0","keywords":[]},"filesize":445975},"source_url":"https://techcrunch.com/wp-content/uploads/2019/06/Facebook-Libra.png","_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/media/1845391"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/media"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/types/attachment"}],"replies":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/wp/v2/comments?post=1845391"}],"author":[{"embeddable":true,"href":"https://techcrunch.com/wp-json/tc/v1/users/1603003"}]}}],"wp:term":[[{"id":17396"link":"https://techcrunchcom/tc/""name":"TC""slug":"tc""taxonomy":"category""parent":0"rapidData":{"pt":"""pct":""}"submenu_categories":[[{"id":17396"link":"https://techcrunchcom/tc/""name":"TC""slug":"tc""taxonomy":"category""parent":0"rapidData":{"pt":"""pct":""}"submenu_categories":[[{"id":17396"link":"https://techcrunchcom/tc/""name":"TC""slug":"tc""taxonomy":"category""parent":0"rapidData":{"pt":"""pct":""}"submenu_categories":[[{"id":17396"link":"https://techcrunchcom/tc/""name":"TC""slug":"tc""taxonomy":"category""parent":0"rapidData":{"pt":"""pct":""}"submenu_categories":[],"_links":{"self":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories/17396"}],"collection":[{"href":"https://techcrunch.com/wp-json/wp/v2/categories"}],"about":[{"href":"https://techcrunch.com/wp-json/wp/v2/taxonomies/category"}],"wp:post_type":[{"href":"https://techcrunch.com/wp-json/wp/v2/posts?categories=17396"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=17396"},{"href":"https://techcrunch.com/wp-json/wp/v2/tc_video?categories=17396"}],"curies":[{"name":"wp","href":"https://api.w.org/{rel}","templated":true}]}}],[],[],[],[]]}}],"media":[],"events":[],"battlefieldEvents":[],"battlefieldCompanies":[],"battlefieldPages":[]},"current_posts":[1845350],"request":"/2019/06/18/facebook-libra/","siteURI":"https://techcrunch.com/","totalPages":"0","trending":[{"id":"291","link":"https://techcrunch.com/tag/apple/","name":"nApple","type":"tag"},{"id":"2401","link":"https://techcrunch.com/transportation/","name":"Transportationn","type":"category"},{"id":"449557044","link":"https://techcrunch.com/enterprise/","name":"Enterprisen","type":"category"},{"id":"576621827","link":"https://techcrunch.com/tag/cybersecurity-101/","name":"nCybersecurity 101","type":"tag"}],"videoPlayerIds":{"no-ad-autostart":"56f58bbbe4b01497527036b2","regular":"56df4e9de4b0c9c31d626c18","regular-autostart":"56faf851e4b0d3dcac2e081a","sideview-autostart":"57e2c53fcc52c7730882bbfe"},"facebookPixelId":"1447508128842484","marketoAccountId":"270-WRY-762","vidibleCompanyId":"564f313b67b6231408bc51ee","recaptchaPublic":"6LeZyjwUAAAAABqkWH_Ct0efGn0B4pGU6ZLUeUvA","googleAnalyticsID":"UA-991406-1","googleAnalyticsDomains":["techcrunch.com"],"googleMapsAPIKey":"AIzaSyCodzMYMBdZIpxThSQqm79ACyheeRXPPE4","nps_survey_id":"XHSZ6RF","nps_bucket_percentage":"0","tinypass":{"scriptDomain":"https://dashboard.tinypass.com","scriptURL":"https://cdn.tinypass.com/api/tinypass.min.js","apiKey":"Fy7FpgyUxA","apiURL":"https://api.tinypass.com"},"legacyPages":{"extra-crunch-membership":1781464,"sponsored":1796357,"unicorn-leaderboard":1208000,"emerging":1208196,"exited":1208194},"apiNonce":"d68796684d","userCan":{"editPosts":false,"restNonce":null},"initialStore":{"events":{"eventTypeIDs":[],"eventPostIds":[],"featuredEventIDs":{"event_home":[]},"featuredPostIDs":{},"pastEventIDs":{"default":[]},"pastFilters":{},"pastLoading":false,"upcomingEventIDs":{"default":null},"upcomingFilters":{},"upcomingLoading":false},"section":{"allPosts":[1845350],"contentObject":null,"currentPage":1,"expandedPost":"https://techcrunch.com/2019/06/18/facebook-libra/","expandedPostIds":[1845350],"expandedIsland":"","loading":false,"component":"singlePost"}},"extraCrunchMarketingPageURL":"/subscribe","brandStudioMarketingPageURL":"/brand-studio","unicornLeaderboardSlug":"unicorn-leaderboard","newsletterURL":"http://link.techcrunch.com/join/134/signup-all-newsletters"}; /* ]]> */
[ad_2]
Source link