{"id":3680,"date":"2020-05-17T10:26:54","date_gmt":"2020-05-17T06:26:54","guid":{"rendered":"https:\/\/techxmedia.com\/?p=3680"},"modified":"2020-07-21T20:08:16","modified_gmt":"2020-07-21T16:08:16","slug":"startups-weekly-how-will-we-build-the-city-of-future","status":"publish","type":"post","link":"https:\/\/techxmedia.com\/en\/startups-weekly-how-will-we-build-the-city-of-future\/","title":{"rendered":"Startups Weekly: How will we build the city of future?"},"content":{"rendered":"\n

Get this weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7am PT), just subscribe here<\/a>.<\/em><\/p>\n\n\n\n

Commercial real estate, the traditional heart of most cities, may have lost its reason to exist in the last few months. The world is about to find out what the situation is as more locations start to reopen.<\/p>\n\n\n\n

First up in our ongoing coverage of the topic, Connie Loizos caught up with a couple proptech investors this week for TechCrunch<\/a>, who saw existing trends accelerating \u2014 with many medically focused additions.<\/p>\n\n\n\n

Brendan Wallace of Fifth Wall is looking for more aggressive pickup of smart tech in general, along the lines of what you already see in some other countries. \u201cHe notes sensors that can determine how many people are in a room or pass through a turnstile. He points to facial recognition tech that can help keep points of physical contact to a minimum. He imagines that more companies might embrace robots to patrol buildings and, possibly, to clean them, too.\u201d<\/p>\n\n\n\n

Darren Bechtel of Brick and Mortar saw tech remaking the construction site, with growing practices like using large-scale pre-fabricated components: \u201cIf you\u2019re limited by how many people can work in the field, and you have to put in controls for people not working on top of each other, the question becomes: how can you do the work in a more controlled environment, with a next-gen HVAC system [to purify the air] and markings on the floor?\u2026. People are now saying, \u2018How much can we prepare off-site?\u2019\u201d<\/p>\n\n\n\n

Buildings are also going to be focused on health features, Connie wrote. \u201c[B]oth Wallace and Bechtel mentioned advanced air purifiers and air handling units used to recondition and circulate air as part of a heating, ventilating and air-conditioning plan. Both say it will likely become a growing area of interest for building owners and developers.\u201d<\/p>\n\n\n\n

What about beyond the buildings? A few writers here put together some thoughts in a post for Extra Crunch<\/a>. Here\u2019s Danny Crichton\u2019s view from Brooklyn:<\/p>\n\n\n\n

Few of us can live in the dreary confines of a suburban enclave our entire workweek. And so I expect to see a revitalization of the classic Main Street clusters that once dotted towns across America as people appreciate the close proximity of amenities that they need throughout their day and remote work makes it possible to skip the commute to the central business district.<\/p>

It\u2019s not going to be a simple transition, of course. The built environment alone will probably take decades to fully transition. But the spirit of Jane Jacobs lives on and will move beyond the downtown core neighborhoods she observed to spread to medium and perhaps even small towns across the country and throughout the world.<\/p><\/blockquote>\n\n\n\n

If you want more on the topic, check out our recent investor survey with six other top proptech investors from late March<\/a> (for subscribers).<\/p>\n\n\n\n

Just want to settle down at home and get to work? Check out Darrell Etherington\u2019s TechCrunch guide to setting up a pro-grade videoconference studio<\/a>.<\/p>\n\n\n\n

\"dollar<\/figure>\n\n\n\n

The $100M ARR club continues to grow, despite everything<\/h2>\n\n\n\n

When Alex Wilhelm rejoined TechCrunch late last year, he kicked things off with a list of companies that he called \u201cthe $100M ARR club<\/a>\u201d to signify unicorns that were also generating a lot of revenue<\/em>. It was a clever way of organizing which of the hundreds of highly valued companies heading towards IPOs were most set up for success, and our readers agreed.<\/p>\n\n\n\n

But, with entire market categories whipsawed by the pandemic<\/a>, it has been hard to find companies willing to share numbers lately. He still found a few, as he\u00a0wrote up for Extra Crunch<\/a>\u00a0this week:\u00a0ActiveCampaign<\/a>,\u00a0Recorded Future<\/a>\u00a0and\u00a0ON24<\/a>. Here\u2019s a vignette from the CEO of ActiveCampaign:<\/p>\n\n\n\n

While we had the CEO\u2019s attention, TechCrunch wanted to know if ActiveCampaign was taking incoming fire from COVID-19 and its related economic and labor disruptions. As some other SMB-focused software companies have told us, the answer is no. Here\u2019s [Jason] VandeBoom:<\/p>

We anticipate continued growth in 2020 and are already seeing further acceleration to support this. The past four months have been the best in company history and we\u2019ve seen monthly trials double in that timeframe and new customer acquisition numbers at 4500, 5500, 6000 and 7000 respectively from January to April.<\/p>

He did hedge those results a little, adding that while his firm has \u201cseen some acceleration from COVID-19 and the digital transformation that it is inspiring,\u201d the CEO is more convinced that \u201cthe need for customer experience is what is fueling the majority of this growth.\u201d<\/p><\/blockquote>\n\n\n\n

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This week in China trade news\u2026.<\/h2>\n\n\n\n

The already basic trade agreement between the Trump administration and the Chinese government from last year looks ready to blow up; the administration banned selling more tech to Huawei; TSMC plans to open a factory in Arizona following urging from the US government; Foxconn profits crashed\u2026 Danny Crichton has a clear takeaway on TechCrunch for startups<\/a> about the latest headlines:<\/p>\n\n\n\n

[T]he world of semiconductors, of internet infrastructure, of the tech ties that have bound the U.S. and China together for decades \u2014 they are frayed and are almost gone. It\u2019s a new era in supply chains and trade, and an open world for new approaches to these huge existing industries.<\/p><\/blockquote>\n\n\n\n

If your company is not already planning for a more chaotic, multi-polar world than what most of us can remember living through, it may already be too late.\"\"<\/p>\n\n\n\n

(Photo by CHRISTOPHE ARCHAMBAULT\/AFP via Getty Images)<\/p>\n\n\n\n

Investor survey: hospitals to increase tech focus after pandemic<\/h2>\n\n\n\n

Sarah Buhr talked to top investors in the healthcare B2B and infrastructure businesses for one of our investor surveys this week on Extra Crunch<\/a>. They generally seemed to agree that the pandemic was going to push the system wholesale towards better technology. Here\u2019s Bilal Zuberi of Lux Capital:<\/p>\n\n\n\n

While a lot of our healthcare infrastructure will take a little bit of time recovering from the stress COVID placed on it, we anticipate this to provide a push to the system to adopt new technologies that enable distributed health, build resiliency in our delivery networks and deploy data-enabled healthcare. Hospital balance sheets might struggle in the short term to buy new technologies, but payers as well as large businesses might participate in infrastructure development and deployment in a bigger way. We anticipate selling to hospitals to be difficult in the short term, as they try to recover from the revenue shortfall they experienced during COVID-19, but will generally emerge more interested in adopting new technologies, digital and remote health solutions and automation in various functions. Needless to say, a wide-scale digital transformation of our healthcare industry is underway, and there is no looking back.<\/p><\/blockquote>\n\n\n\n

Don\u2019t miss our other survey this week, on how the mobility investors are viewing the pandemic<\/a>.<\/p>\n\n\n\n

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Protecting your equity as a startup employee<\/h2>\n\n\n\n

Wouter Witvoet of fintech startup SecFi wrote a guest post for TechCrunch<\/a> going over some key points for anyone working at a startup right now (or recently). As an occasional startup founder and\/or employee myself, I\u2019d like to recommend this one for special consideration: \u201cNegotiate for equity during a pay cut or furlough.\u201d<\/p>\n\n\n\n

Startups typically offer equity as a means of deferred compensation and as a way to incentivize employees to own a piece of the company they are building. The compensation is deferred as most startups are cash-strapped and cannot afford to pay you what a larger company may be able to.<\/p>

If your company is now asking you to take a pay cut, or even take no pay during this time, you should consider asking for additional equity to make up for the lost compensation. While not all companies may be amenable to offering more equity, there is no cash outlay from the company\u2019s standpoint, so it\u2019s an efficient way for your company to compensate you for your sacrifice while preserving their cash.<\/p>

In addition, offering more equity shows a commitment from management to their employees during this difficult time. It may be the win-win scenario for your company and yourself in the long-run so it\u2019s worth having the conversation with management to discuss if this is available for you.<\/p><\/blockquote>\n\n\n\n

At first it seems weird when you consider typical venture dynamics. The founders have probably already lost leverage against the company\u2019s investors. These investors have probably already lost leverage against their<\/em> LPs. So nobody is naturally included to give up even more. And the employees were already last in line on the cap table and first to go, so why should founders do anything different?<\/p>\n\n\n\n

Tactically, the best employees will be attracted go work at bigger more stable companies as the pandemic recession stretches on \u2014 and you might not have the cash to afford the effort to rehire. Strategically, now is the time to build the esprit de corp that will carry your company forward into better times\u2026 a few extra basis points for the team now could help deliver a priceless return.  <\/p>\n","protected":false},"excerpt":{"rendered":"

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