15 movers and shakers driving a new breed of startups in the enterprise tech IPO rush

news image

Julia Hartz leads the vision, strategy and growth of Eventbrite, which went public in September with a $1.8 billion valuation.

She founded Eventbrite in 2006 along with her husband Kevin Hartz and Renaud Visage. Eventbrite lets users find, create and plan events, such as classes, workshops, conferences, concerts, fundraisers, performances and more. Users can also sell tickets, register for events, and manage events online.

Growing up, Hartz was a ballerina. And prior to Eventbrite, Hartz had a career in television. Her first gig in her television career was on the set of the hit show, Friends. Hartz has also worked at MTV, where she was on the development team for Jackass, and then she worked at FX Networks. There, she oversaw shows like The Shield, Rescue Me, Nip/Tuck and 30 Days.

Under Hartz’s leadership, Eventbrite was named in Fortune’s 100 Best Workplaces in the U.S., Glassdoor’s Employees’ Choice Best Places to Work, and San Francisco Business Times’ Best Places to Work in the SF bay area list. Hartz was also named one of Fortune’s 2015 40 Under 40 business leaders, Inc.’s 35 Under 35 in 2014, and Fortune’s Most Powerful Women.

Read More

from Just News Update https://ift.tt/2qO822N
via IFTTT

Advertisements

Prosecutors Have Prepared Indictment of Julian Assange, a Filing Reveals

news image

A Justice Department spokesman declined to say on Thursday what led to the inadvertent disclosure. It was made in a recently unsealed filing in an apparently unrelated sex crimes case charging a man named Seitu Sulayman Kokayi with coercing and enticing an underage person to engage in unlawful sexual activity. Mr. Kokayi was charged in early August, and on Aug. 22, prosecutors filed a three-page document laying out boilerplate arguments for why his case at that time needed to remain sealed.

While the filing started out referencing Mr. Kokayi, federal prosecutors abruptly switched on its second page to discussing the fact that someone named “Assange” had been secretly indicted, and went on to make clear that this person was the subject of significant publicity, lived abroad and would need to be extradited — suggesting that prosecutors had inadvertently pasted text from a similar court filing into the wrong document and then filed it.

“Another procedure short of sealing will not adequately protect the needs of law enforcement at this time because, due to the sophistication of the defendant and the publicity surrounding the case, no other procedure is likely to keep confidential the fact that Assange has been charged,” prosecutors wrote.

They added: “The complaint, supporting affidavit, and arrest warrant, as well as this motion and the proposed order, would need to remain sealed until Assange is arrested in connection with the charges in the criminal complaint and can therefore no longer evade or avoid arrest and extradition in this matter.”

The Justice Department has been studying whether or how to charge Mr. Assange or WikiLeaks with some kind of criminal offense since the site began publishing its trove of secret military and diplomatic documents. Prosecutors, for example, toyed with the idea of charging Mr. Assange as a conspirator in Ms. Manning’s crime of unauthorized disclosure of secrets related to national defense. And it eventually became public that a grand jury in the Eastern District of Virginia was investigating people with links to WikiLeaks.

But even as the Obama administration brought criminal charges in an unprecedented number of leak-related cases, it apparently held back from charging Mr. Assange. Members of the Obama legal policy team from that era have said they did not want to establish a precedent that could would chill investigative reporting about national-security matters by treating it as a crime.

Their dilemma came down to a question they found no clear answer to: any legal difference between what WikiLeaks was doing, at least in that era, from what traditional news media organizations, like The New York Times, do in soliciting and publishing information they obtain that the government wants to keep secret.

Read More

from Just News Update https://ift.tt/2FnLaBt
via IFTTT

North Korea claims to have ‘successfully’ tested a new ‘high-tech tactical weapon’

news image

North Korea’s state-run outlet said on Friday that its country successfully carried out tests of a new “high-tech tactical weapon” that met “all superior and powerful designing indicators.”

North Korean leader Kim Jong Un was said to have visited a test site to inspect the weapon, according to a Korean Central News Agency statement first reported by South Korean news organization Yonhap News.

“The state-of-the-art weapon that has been long developed under the leadership of our party’s dynamic leadership has a meaning of completely safeguarding our territory and significantly improving the combat power of our people’s army,” KCNA said.

The weapons test is the first reported by North Korea since Kim and the President Donald Trump met during a joint summit in Singapore this summer.

North Korea’s media reportedly did not mention any specifics about the weapon itself, but did state it had been in development since his father, Kim Jong Il, was in power. High-ranking officials were also said to have attended the event, include Jung Cheon Park, an artillery commissioner.

Signs of an underground nuclear test, such as seismic activity, were not reported, according to North Korea monitoring organization NK News.

Read more: Trump and North Korean leader Kim Jong Un meet for the first time in historic Singapore summit

The report of the weapons test comes shortly after Secretary of State Mike Pompeo was supposed to have met with his North Korean counterpart, Kim Yong Chol, in New York earlier in November. The talks were scrapped abruptly by the North Koreans, according to the State Department. The government agency says the discussions are ongoing.

Word of the weapons test comes amid the reaffirmation of a potential second summit between Trump and Kim. On Thursday, Vice President Mike Pence said Trump plans to meet Kim next year, the second such meeting after the two met in Singapore in June.

“The plans are ongoing,” Pence said. “We believe that the summit will likely occur after the first of the year, but the when and the where of that is still being worked out.”

Pence added that the meeting would not be predicated on the US’ previous demand that North Korea disclose a full list of nuclear arms, but he stressed that the leaders must “come away with a plan for identifying all of the weapons in question.”

Read More

from Just News Update https://ift.tt/2DkPkaF
via IFTTT

Here’s how to fix the financial model for Brexit

news image

Ann Pettifor, economist and author of “The Production of Money,” spoke with Business Insider about the problems she sees with the government’s Brexit strategy.

She said: “Brexit could be very good for the British economy if the government focused on the domestic economy and on demand, but they don’t want to do that.

“They’re talking about global Britain and about how we’re always going to be out there. Well, we’re not going to be out there because we don’t have enough goods to sell.”Produced by Joe Daunt. Filmed by David Ibekwe

Read More

from Just News Update https://ift.tt/2qQa6r0
via IFTTT

At Brexit Crunch Time, Theresa May Takes a Pummeling

news image

Even if Mrs. May survives an attempt by rebels within her own party to oust her, she now seems unlikely to win parliamentary approval for her agreement.

“If she doesn’t see this through, she will go down in history as a poor leader,” said Rosa Prince, the author of a May biography. When Mrs. May’s predecessor, David Cameron, stepped down, Ms. Prince said, “everyone thought, ‘Who’s a safe pair of hands?’ If she can’t survive the chaos, the whole reason she was there falls down. She fails on her own terms, and on everyone else’s as well.”

If Mrs. May is removed from office in the coming months, Ms. Prince added, she will be one of the shortest-serving prime ministers in British history.

“She wants to be remembered for something,” Ms. Prince said.

Mrs. May’s gravest challenge on Thursday came from Jacob Rees-Mogg, a bespectacled Tory who styles himself after aristocratic gentlemen in the novels of P.G. Wodehouse. Mr. Rees-Mogg, a backbencher who opposes abortion and gay rights, and supports welfare cuts and tax breaks for the wealthy, was for years one of British politics’ favorite eccentrics, described by some as the “honorable member for the 18th century.”

But in the more fiercely ideological age ushered in by Brexit, Mr. Rees-Mogg has emerged as a charismatic leader, vigorously advocating for a full break from the European Union. And it was he, on Thursday, who most theatrically vowed to block the plan his “right honorable friend” — Mrs. May — had put forward.

“My right honorable friend — and she is unquestionably honorable — said we would leave the customs union. Annex 2 says otherwise,” Mr. Rees-Mogg said in a sonorous voice, referring to a part of the deal. “My right honorable friend said that she would maintain the integrity of the United Kingdom. A whole protocol says otherwise.”

Read More

from Just News Update https://ift.tt/2qNuLvV
via IFTTT

North Korea ‘tests new high-tech weapon’

news image

North Korean leader Kim Jong-un. File photoImage copyright
Getty Images

Image caption

Kim Jong-un expressed “great satisfaction” over “state-of-the-art” weapon, North Korea’s media say

North Korean leader Kim Jong-un has supervised the successful test of a new “high-tech” tactical weapon, state-run media say.

The KCNA news agency gave no details on the type of the weapon, saying only it had been developed over a long period.

But it is the first known inspection of a major weapons test in a year.

In a summit in June Mr Kim and US President Donald Trump agreed the Korean peninsula should denuclearise, but a detailed plan was never set out.

Discussions aimed at setting up a second summit between Mr Kim and Mr Trump did not happen as planned this week and relations between the North and the US appear to have soured since the historic meeting in Singapore.

North Korean state media provided no details as to what kind of weapon this was, but it comes shortly after a report based on satellite imagery identified the extent of North’s complex network of missile bases around the country.

South Korea says it is in the process of analysing what the weapon is, but many have pointed out that the North made no commitment to halt any weapons development or shut down its missile bases.

What did the North’s media say?

“Kim Jong-un inspected the testing of a newly developed high-tech tactical weapon at the Academy of National Defence Science,” the KCNA reported.

“The testing of the high-tech tactical weapon has been carried out successfully.”

The news agency added that Mr Kim expressed “great satisfaction” over “state-of-the-art” weapon that “builds impregnable defences of our country and strengthens the fighting power of our people’s army”.

Meanwhile, South Korea’s unification ministry said it was Mr Kim’s first known inspection of a testing site since he was present at the launch of the Hwasong-15 intercontinental missile in November 2017.

The ministry said it believed this time Mr Kim was supervising the test of a traditional weapon because the term “strategic weapon” was not used by the KCNA.

Read More

from Just News Update https://ift.tt/2Fr8j66
via IFTTT

We got the first look at Oscar’s financials since Alphabet made its massive investment — and the health insurer’s losses are narrowing

news image

2018 is shaping up to be a better year for Oscar Health, a hot Obamacare startup that drew a massive investment from Google’s parent company in August.

Oscar lost $12 million in the first nine months of 2018, according to state insurance filings compiled by Business Insider.

That’s significantly less of loss than the company experienced a year ago, when it reported a $96 million loss.

Oscar currently offers health insurance plans on the Obamacare marketplace in New York, New Jersey, California, Ohio, Texas and Tennessee. It also sells plans for small employers. The company has already announced plans to sell in more states for next year, and eventually plans to expand into the market for private health insurance plans for seniors, known as Medicare Advantage.

Read more: Oscar Health is making a big bet on personalized care that people traditionally spend as much as $40,000 on

Other notable figures for the first nine months of the year, according to the filings:

  • Oscar’s revenue across six states was $539 million.
  • The company paid out $418 million in medical expenses for its customers.
  • There were about 227,000 total members as of September 30.

Oscar’s financial results are affected by a reinsurance deal that the company entered into with Axa last year. A portion of the premiums that Oscar collects are sent to Axa, a massive French insurance company. In return, Axa agrees to share a portion of Oscar’s profits or losses.

If you add back in the money that was sent to Axa, Oscar took in $934 million in gross premiums across its states in the first nine months of this year, the company said. That puts it on track to hit its $1 billion in premiums target by the end of 2018.

Alphabet backing

Oscar in August got $375 million from Google’s parent company Alphabet to bring its tech-backed health insurance plans to more people. In total, the company has now raised more than $1 billion. Its last-reported valuation was $3.2 billion, before the Alphabet investment.

Co-founded in 2012 by Josh Kushner, whose brother Jared is a senior adviser to President Donald Trump, Oscar Health is a health-insurance startup that got its start operating on the Affordable Care Act’s insurance exchanges. The goal is to be a more consumer-friendly insurance option by integrating technology.

Mario Schlosser is Oscar’s chief executive officer, and also a co-founder.

In 2019, Oscar plans to be in nine states, expanding into Florida, Arizona and Michigan.

The company also plans to go beyond the individual exchanges and the small employer market and into the Medicare Advantage market. When seniors in the US turn 65, they can choose to be part of either traditional Medicare or Medicare Advantage, which is operated through private insurers like Oscar and often provides additional healthcare benefits.

See also:

Read More

from Just News Update https://ift.tt/2RZ8arZ
via IFTTT