An Indian who is not good with computers
If you’re considering becoming a customer of the CB Insights platform, read the P.S.
So if you’re looking for an internship, finance still beats tech on compensation.
Also, Two Sigma — I’m looking for a summer internship. Please hire me.
BTW, a full-time job with Two Sigma was posted in yesterday’s newsletter in case you missed it.
Race for AI
Nearly 140 private companies working to advance artificial intelligence technologies have been acquired since 2011, with over 40 acquisitions taking place in 2016 alone. We updated our timeline of AI acquisitions by corporate giants like Google, IBM, Yahoo, Intel, Apple, Salesforce, and GE.
Really, that many of you use Excel?
I learned an absolute [email protected] of you use Excel/Google docs to track dealflow. Got 200+ emails based on yesterday’s note so as a heads up, we’re just working with existing CB Insights clients on this for the time-being.
We’ll roll it out more broadly after we take care of existing clients.
We look at major bank investments to VC-backed fintech companies. Over the past 5 quarters, Citigroup, Banco Santander, and Goldman Sachs or their corporate venture units have each completed seven or more deals. Citi overtook Goldman for activity.
If you believe this, this and this, Uber’s strategy makes total sense
So everyone keeps talking about Uber’s desire to move to autonomous vehicles because when that happens, the company becomes this crazy cash and profit generating volcano.
And Uber has convinced folks of this narrative. They acquired an AI company this week called Geometric Intelligence which should help them advance these ambitions. And have generally been getting slightly more active doing acquisitions and investments.
But when (and if) this autonomous future happens, doesn’t that break the two-sided network model that makes Uber so compelling? Uber, which has raised $12.5B+, is said to be “capital efficient” cuz it sits between drivers (who incur the costs for the cars, insurance, gas, parking, traffic tickets, etc) and passengers who just summon it on their mobile phone. They just make sure supply & demand are right and then bam – mo’ money, mo’ money, mo’ money.
When autonomous happens, won’t they have to buy and maintain a bunch of these autonomous vehicles (gas, insurance, cost of vehicle, etc) and also have real estate to park them? When I hear people talk about this future, it’s generally a bunch of hand wavy nonsense built on a whole lot of assumptions:
- car ownership in the future will look different
- they’ll be so efficient as a result of driverless that it offsets these costs
- the marginal cost of a new rider will be blah blah blah
Then, of course, let’s not forget that driverless vehicles in cities which is where Uber does a lot of biz are a big unknown.
So all of you smart folks on this newsletter — what am I missing? Why is autonomous so good for Uber?
So I was at a coffee shop in LA last year and this elderly woman comes up to me and asks “Are you Indian?”
Me: “Yes I am”
She: “Oh good. Indians are good with computers. Can you help me with ______”
I didn’t hear the end cuz I was laughing so hard.
I was reminded of this story by the below graphic that looks at computer skills among different nations. Surprisingly, Japan has a lot of people who can’t use computers. And The Netherlands and Scandinavia are clearly where there is some talent.
BTW, in case you are curious, I didn’t help her cuz I’m that Indian who isn’t good with computers.
But, I am decent at math so I got that going for me.
Rethinking the ‘slowdown’
In this guest post, Rita C. Waite (@ritacwaite) of Juniper Networks dives into what’s driving opportunity within the cybersecurity space.
The Industry Standard
CB Insights data is the most trusted by those in the industry and the media. A few recent hits.
Columbia Journalism Review. A look at how major media companies have invested in new technology with a reference to CB Insights data on digital media companies’ investments.
Bloomberg. Lizette Champman (@lizette_chapman) reports on investment into insurance startup Clover Health and cites CB Insights investment data.
Business Insider. A report on Ubisoft’s VR games that are cross-platform capable with a reference to CB Insights data on investment into AR and VR companies.
CNBC. Ari Levy (@levynews) writes about SoftBank’s commitment to invest $50B in the US and refers to CB Insights data on the company’s funding and deal activity.
I love you.
P.S. Join us December 15th for a deep-dive into cybersecurity investment trends. Sign up for the briefing.
P.P.S. Big news. Our subscription pricing is going up Dec 26, 2016. We’ve simplified pricing significantly, added a bunch of capabilities, etc but are getting rid of our lowest level subscription tier. Old pricing is here.