Tech Topics

Where are wearables heading?

(Photo credit @nadineshaabana)

A few weeks ago, I woke up and couldn’t figure out whether I slept well or not. Seems an odd statement to most people — but it shouldn’t surprise other technophiles. My Garmin Connect app wouldn’t work and it drove me nuts. Not surprisingly, I immediately turned to Twitter to see that Garmin was being subject to a ransomware attack. For nearly a week, I could see on my watch how many steps I was taking and how my heart rate was fluctuating throughout the day, but I was without the ability to see what ratio of time had I spent in REM vs deep sleep. I took for granted how I had come to rely on my smartwatch and so this week’s topic is on consumer wearables. 


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We’ve all seen how sleek and beautiful the Apple Watch is - and with a rumored new ability to integrate your Apple Watch and your Peloton bike, many users are in heaven. I opted for a Garmin watch, partly for its better focus on the athletic aspects of wearable technology and partly because I know I’ll stare at an Apple Watch as much (or more) than I already do with my iPhone. Google’s smartwatch platform Wear OS isn’t updated or discussed nearly as often as Apple’s but has comparable usage (when you combine Android-compatible + Wear OS stats). And Fitbit has been a constant presence, first with simple fitness trackers but now also offering smartwatches as well (tho who knows when their supposed merger with Google will happen).

Not surprised that Amazon has also decided to jump in with its new Halo app/watch this week. They are offering a subscription-based app with a very simple fitness tracker. Super weird/interesting feature is two tiny microphones to measure how you speak, which Amazon claims will provide insight into your emotional and physical well-being. 

Did you know that 1 in 5 Americans owns a fitness tracker or smartwatch? Imagine all that data being collected about your most personal self -- and who do you trust to keep that data safe? This is why the Garmin ransomware attack was so frustrating - what bad actor had access to my personal data and what control do I have? And why didn’t Garmin do a better job protecting my data? They had no option but to pay the ransom but it was a huge wake-up call for many other companies. 

And we barely scratched the surface of what wearable technology can do. There’s sensor-enabled fabric to help with guiding your body into yoga poses or measuring your lung functions. Companies are testing ‘digital therapeutics’ where patients wear special devices to measure physical reactions to certain prescribed drugs. And I may even try out the Dreem headset, an “advanced sleep headband” and sleep coaching program!


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I remember visiting the Arecibo Observatory in Puerto Rico on one of my many visits to see family on the island. An accident recently caused a 100-foot gash in the telescope. Terrible news for the island, for science and for our ability to imagine what lies beyond the stars: A Rip in the Fabric of Interstellar Dreams


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Have you caught IPO/SPAC fever?

(Photo credit @markuswinkler)

I was moderating a panel yesterday with multiple people who work in tech -- and one panelist offered a piece of advice to those attendees new to tech. “Keep up with tech news -- especially mergers & acquisitions -- because for some reason, tech people love to discuss M&A, IPOs, and startups.” I laughed as a) it’s true, b) I’m one of those people, and c) I had already selected this week’s newsletter tech topic as IPO fever has migrated from Silicon Valley to Wall Street. The excitement for these public listings is contagious.

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This week began with a huge wave of B2B SaaS companies deciding to file paperwork to go public. The 6 companies that filed in the US included Snowflake, Palantir, Asana, JFrog, Sumo Logic, and Unity Software. (Don’t forget - Airbnb also filed last week.) Matt Turck at FirstMark Capital did a couple of S1 teardowns here - and the big news is that Palantir hasn’t made a profit in 17 years. Not to be outdone, Jack Ma’s Ant Group filed its IPO paperwork on Tuesday to go public with concurrent listings on the Hong Kong and Shanghai markets. 

A few of the companies opted for a direct listing (which means they bypass investment banks), and so you also saw both the NASDAQ and the NYSE gain approval from the SEC this week to provide new direct listing options to companies. 

And what is a SPAC? And why does the acronym feel so ‘eww’ when you say it? SPAC = special acquisition company, and is essentially a shell company that IPOs to raise money to buy another company that isn’t strong enough to IPO - so the SPAC can take it public anyway 2 years later or so. Confused? Not surprising. Just one more weird financial instrument out there.  

The big question: why are so many tech startups are looking to IPO during a pandemic? Simple, the stock market continues its improbable rise and they want to take advantage! 

Did all these IPOs get you excited about starting your own company? Check out this Startup Best Practices Library.


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What is happening in edtech these days?

(Photo credit @hellokellybrito)


It makes sense to focus on edtech this week for a few reasons. First, I had a great networking call last Friday with a new edtech colleague. (Note: if you miss meeting new and interesting people from biotech to AI leaders because you’re stuck at home, Lunchclub.ai is worth checking out! You can only join via referral, so please join as one of my guests: https://lunchclub.com/?invite_code=liza4). Second, it’s just that time of year when hordes of students from PreK to MBA are heading back to “school.” Many places around the country are struggling with how to define what “school” will look like, and answer that question in a way that is safe for students & teachers, yet also still provides a quality education. Third, I am just passionate about education and enjoy thinking about this topic often! 


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Edtech has seen huge growth in the past few months as students, parents, educators and companies tried to fill an immediate gap, and also tried to envision an entirely new way to educate America. Back in May, Mercedes Bent (a VC at Lightspeed & a former student) wrote two great Medium articles predicting trends in K-12 education and higher education/corporate learning. One key distinction she noted was that what we saw as ‘remote learning’ in the late spring is a poor substitute for well-crafted online learning, whether for K-12 or higher ed. This may be part of what drove almost 20% of students at Harvard and other elite colleges to defer enrollment or take leaves of absence (maybe checking out Xoogler School, see below).

A related recent trend is how many tech companies and ex-employees have decided to jump into the upskilling of students & other future workers, and the various forms that these upskilling programs are taking. ServiceNow is partnering with Northeastern University on a new apprenticeship program. (I’m surprised that ServiceNow beat Salesforce to this type of official partnership as Salesforce has been trying to do similar upskilling on their products for years). Eric Schmidt, ex-CEO of Google, is launching the US Digital Service Academy to train & send tech workers into government roles. Xoogler School just launched to provide project skills, mentoring and career advice to college students who are taking a gap semester


In terms of funding, the VCs are continuing to fund new edtech ventures at some of the highest levels seen in recent years, reaching $4.1B from Jan-Jul 2020. And many say companies like 2U will benefit from closed campuses (Chegg stock is up 100% in 2020). So if you are interested in edtech, now is a great time to invest, to found something, or to join one!



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