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Wednesday, February 19, 2014
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Nearb

NearbVenmo, the mobile payment app, has had a wild few years. They shook up their industry so hard that they were acquired twice within 4 years of launch; once by Braintree for $26.2M, and again when Paypal acquired Braintree for $800M.


Their trick? Make paying your friends easy and (mostly) free. Today, they’re making it even easier: you don’t even have to be friends with the person you’re paying, anymore. Just stand near them.


As it stood before, you could only pay other Venmo users if they were your “friend” on the service — a process which, though pretty quick, still required a bit of manual setup. You had to know their name, email, or phone number, for example.


As of today, you don’t need to know a damned thing about the person to pay them (that is, as long as they’re on Venmo, too.)


With the introduction of a new (aptly-named) Venmo Nearby feature, you just open the app, swipe to the left, and find your new friend amongst the list of Venmo users within a few dozen feet. Venmo says it’s finding other users over both Bluetooth and WiFi, calling on the same tech that powers Apple’s nascent iBeacon system (alas, that means the feature is iOS 7-only, for now. Sorry, Android users.)


Need to pay back your friend-of-a-friend-of-a-friend who was cool enough to put down his card for the bar tab, but can’t remember his name? Just swipe open the Nearby drawer, tap his face, and send a few bucks his way.


And if you don’t want random nearby weirdos to be able to throw cash your way? You can, of course, disable the proximity features.





12:39 PM

Venmo, the mobile payment app, has had a wild few years. They shook up their industry so hard that they were acquired twice within 4 years ...

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Smartphone sales have been rising. The 968 million smartphones sold surpassed feature phone sales for the first time, Gartner reported. However, sales actually topped 1 billion, according to IDC. What's the difference of 32 million between friends? Not much. Here's a more important point: High-end smartphone sales have been slowing fast, while low-end smartphone sales have been rising fast. This may lead to the assumption that in order for smartphone manufacturers to do well, they need to sell sub-$200 -- and even sub-$150 -- "smartphones."


12:23 PM

Smartphone sales have been rising. The 968 million smartphones sold surpassed feature phone sales for the first time, Gartner reported. Ho...

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summon app

San Francisco-based InstantCab has raised some new funding, and plans to use that money to begin expansion into new markets. But first, the company has rebranded its service as Summon, and announcing a new app and lower-cost pricing scheme for rides from “personal drivers.”


Summon is one of the newer on-demand transportation startups that have emerged over recent years, competing with companies like Uber, Lyft, and SideCar. Launched in the San Francisco Bay Area, its differentiating factor was a sort of hybrid approach that combined the ability to hail either a taxi or a peer-to-peer ride share driver.


The company has closed a new round of financing that was led by BMW i Ventures. While it isn’t disclosing the amount raised, existing investors like Khosla Ventures, Initialized Capital, Beenos Partners, and Greg Kidd also participated in the round.


Summon is currently available in San Francisco, the East Bay, and parts of the South Bay. But with the funding it’s looking to expand, with plans to launch in cities like Los Angeles, Boston, and New York over the coming months.


When it looks to launch in those cities, it’ll be offering a bit of an alternative to existing services that operate there. Summon users can e-hail either a taxi or a so-called “personal driver” depending on how long they’d like to wait, how much they’d like to pay, and what sort of experience they’d like to have.


For taxi rides, Summon charges a $1 fee over the amount that a ride usually costs. But personal drivers cost up to 30 percent less, based on per-mile and per-minute rates. That price comes after the company issued a pretty significant fare reduction for personal rides a month ago.


One other way that Summon hopes to differentiate is a lack of surge pricing on its rides. While Uber recently lowered rates, regular users have noticed that there are significant increases in the cost of fares during rush hour and other peak times. Even Lyft has implemented its own version os surge pricing, which it calls Prime Time Tips, to have more driver supply on the road during peak times.


With all that in mind, the company has recently tripled the number of drivers available and hopes to continue to add more to meet passenger demand.





12:09 PM

San Francisco-based InstantCab has raised some new funding, and plans to use that money to begin expansion into new markets. But first, the ...

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allyourbitcoin

So this is a fun little bit of news: we’re now officially accepting Bitcoin for TechCrunch Disrupt in New York which will happen on May 5 – 7, 2014 at the Manhattan Center. We are working with Coinbase to accept the coins and we’ll be accepting the real time exchange value so when you buy your purchase price is locked in.


If you started mining years ago this may be your chance to rock out at Disrupt for free and if you’re one of those paranoid types this is a great way to hide your tracks until you arrive at the event at which time you’ll be wearing a name badge so all bets are off. That said, we hope this helps more people attend Disrupt and we’ll be accepting bitcoin for events for the foreseeable future.


You can buy tickets with Bitcoin right here. See you at Disrupt!





11:10 AM

So this is a fun little bit of news: we’re now officially accepting Bitcoin for TechCrunch Disrupt in New York which will happen on May 5 –...

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trumaker

Technology has a way of making things that have historically been accessible to the wealthy and connected a bit more within reach to the rest of us. Uber’s done it with limos, Fancy Hands with personal assistant services, Everlane with luxury-caliber t-shirts.


Trumaker is another startup in this realm, with the aim of bringing made-to-measure men’s clothing to the mainstream. And the company just closed on $6.5 million to scale out its service nationwide.


The raise, which was led by Javelin Venture Partners with participation from RRE Ventures and others, serves as Trumaker’s Series A. This brings the total investment in the San Francisco-based Trumaker to $8.4 million.


As I wrote back in June 2013 when the company closed its seed round, Trumaker is focusing on made-to-measure in the casual space, starting with the kinds of button-down shirts men wear with jeans. The company has no brick and mortar stores: Instead, it employs contractors called “Outfitters” who come to clients wherever they are and take their measurements to ensure a proper fit. The Outfitter then programs those measurements into Trumaker’s mobile app, along with the customer’s custom order. His measurements are stored in his personal profile so he can order more shirts online by himself.


Right now, Trumaker has Outfitters in San Francisco, Chicago, Los Angeles, Orange County, Boulder, and Milwaukee. In an interview this week, Trumaker CEO Mark Lovas said that the new funding will be used to expand into other metropolitan markets nationwide. The funding will also be used to build out Trumaker’s full-time staff, which is currently at around 15 employees, and further hone its technology platform.


Eventually, Lovas says the company plans to add more products such as sweaters and belts, but for the near-term Trumaker’s focus is staying on shirting.


Trumaker is not the only company looking to lead the next generation of made-to-measure men’s apparel. J. Hilburn, which was founded in 2007 and has raised some $26 million from backers including Battery Ventures, is one of the most prominent existing players in the space. Lovas says that Trumaker is set apart from J. Hilburn and others in that it has had an e-commerce focus from the start. He also says that the style of the Trumaker brand is unique, in that it’s more casual than other made-to-measure offerings.


Overall, though, Lovas says that there is more than enough space for many brands to succeed. In the same way that brick-and-mortar has had room for J. Crew and Banana Republic and Land’s End and Club Monaco and so many others, the e-commerce apparel landscape should be able to accommodate a variety of brands. It may sound like an almost naive kumbaya kind of sentiment to hear from a CEO, but it also makes a lot of sense.


Lovas swung by TechCrunch headquarters to talk about the fund raise and Trumaker’s plans for the future. Watch our conversation in the video embedded below:






10:24 AM

Technology has a way of making things that have historically been accessible to the wealthy and connected a bit more within reach to the res...

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Ukraine is in the midst of what can only be described violent social upheaval, as protesters occupying a central Kiev square have been killed in violent clashes with Police last night.


The wider political battle – which has seen cities across Ukraine demonstrate in favour of closer ties with the European Union and against closer ties with Russia – has also been widely backed by the technology community there.


IT_Namet (in English: the ‘Tent of Informational Technologies’) – the organization set up in Maiden Square has been there since the start, providing internet access and acting as a focal point for tech people joining the protest. But last night IT_Namet was attacked by security forces and burned over-night.


I’ve been in contact with the people running IT_Namet as its known, but while it appears no one from the tech community was actually killed during the attack, tech professional Alexei Lymarenko was, according to colleagues, “beaten nearly to death” and has serious facial trauma. Unfortunately he was with Ukrainian journalist Veremei Vyacheslav who was, tragically, killed in the clashes with Police.


The group issued the following statement calling on the tech community internationally to support them:



“From the very beginning #IT_Namet was built with the aim of a peaceful protest. Members of the IT-community never had weapons, except for tablets and smartphones connected to the Internet. So, the real purpose of security forces actions was not anti-terrorism, as it was claimed, but the destruction of unarmed people. We regret that tonight IT professional Lymarenko Alexei suffered. He was together with Ukrainian journalist Vyacheslav Veremei. Vyacheslav was killed, and Alex, who was beaten nearly to death, has serious traumas of his face. Although # IT_Namet was destroyed tonight, our beliefs and our support for peaceful protest remained unchanged. The “IT spіlnota” (IT community), which united people representing the IT industry, is expanding its activity beyond # IT_Namet. “IT spіlnota” will set out to spot the violence of authorities, to save people’s lives. Now every member of the IT-community can itself make his/her choice on the tools to protect their rights and the rights of people who yesterday were violated by their summary execution. We highly appreciate any actual support of IT-community abroad.”






10:24 AM

Ukraine is in the midst of what can only be described violent social upheaval, as protesters occupying a central Kiev square have been kille...

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It looks like 3-D virtual try-on technology will soon make an appearance on eBay. The marketplace giant is announcing the acquisition of PhiSix, a company that develops 3-D visualization and simulation technologies for clothing.


The computer graphics company creates 3D models of clothing from photos, pattern files and other sources and simulates the behavior of the garments. PhiSix’s technology allows consumers to see how clothes fit, and look and move in different environments without actually having to try them on. The company could power a virtual fitting room so that shoppers can determine fit with physically accurate simulations of the garments. PhiSix is also able to recommend a size for the user’s body based on basic measurement inputs.


PhiSix was founded in 2012 by Jonathan Su, a former Intel research scientist who received his PhD in computer science from Stanford University. Su’s background is in special effects, and he has helped develop simulation technologies being used today by major Hollywood companies like ILM and DreamWorks to create scenes with life-like behavior and movement. Su and his team of three engineers will all be joining eBay’s Innovation and New Ventures team.


The in-store experience is equally compelling, explained Steve Yankovich, vice president of Innovation and New Ventures of eBay, in a call this morning. The startup’s 3D models would allow shoppers to use a virtual fitting room to view the clothes in various scenarios – such as walking down the street or hitting a golf club, rather than just using a dressing room. Customers could also use the technology to recommend other outfit in their size, and purchase the clothing directly from an app.


Yankovich also said that eBay is planning to integrate the technology across many of its properties, including the marketplace, mobile apps, and even third-party retailers that use eBay Enterprise (formerly Magento). Specifically on the marketplace, Yankovich explains that virtual try on features could help reduce the friction that some purchasers face when contemplating whether they should purchase an item without seeing it or trying it on.


Of course, it’s important to note that virtual try-on technologies have been around for some time. But they haven’t really picked up much traction as a de facto replacement for physically trying on clothing Yankovich acknowledges this but believes that if the company integrates the technology in the right way and keeps iterating, this will be the future.


eBay’s taking more steps to make its marketplace and other assets more of a shopping destination. Offering technologies like virtual try could help make the product experience better, as Yankovich says. The company is also reportedly debuting a new vertical this spring called The Plaza on eBay that will focus on direct-to-consumer sales.





10:24 AM

It looks like 3-D virtual try-on technology will soon make an appearance on eBay. The marketplace giant is announcing the acquisition of Ph...

Read more »
 
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