When venture capital firms tell you that we're operating on a startup landscape that now favors "creativity more than cash", and the most recent tech IPO showcases the power of developer-advantaged, Partner First growth models, it's important that startup founders and senior marketing leadership pay attention.While user-first inbound marketing models continue to garner buzz among the growth hacking community, it's important that startup and enterprise leadership focused on REVENUE growth go back to school on Partner First strategy.
This past weekend, most Americans were celebrating the nation's birthday by eating hot dogs, watching fireworks, and not expecting disappointing news about Tesla's second-quarter vehicle deliveries.Well, all three happened.On Sunday afternoon, Tesla reported that in the second quarter it delivered 14,370 vehicles, below its projected 17,000 deliveries and putting the company on pace to miss its annual guidance.Of course this wasn't just any Sunday: it was the middle of a three days break for US markets which remained closed on Monday for the July 4 holiday.In other words, Tesla's vehicle deliveries were just about the last thing anyone was thinking about.Second quarter deliveries were, in fact, down from the 14,820 cars delivered in the first three months of the year.And while an individual quarter that misses expectations is not in and of itself a particularly big deal, Tesla's current struggles to produce and deliver as many vehicles as it expected leaves the company woefully short of two impending milestones.For one, the Elon Musk-run company has said it would deliver 80,000-90,000 cars this year.And so in each of the next two quarters Tesla will now need to produce about 25,000 cars — a number it has never hit in any one quarter — to meet its 2016 guidance.And perhaps the bigger issue is that the company's long-stated goal of hitting an annualized delivery rate of 500,000 cars a year or 125,000 per quarter by the end of 2018 seems as far out of reach as it ever has.As my colleague Matt Debord noted in a post on Monday, the company would fall short of this goal even using very generous bogeys of 90,000 vehicle deliveries in 2016... then doubling this figure twice.But aside from any pie-in-the-sky projections about future Tesla sales that seem ever-likely not to materialize, the company's disclosure is a most poignant an example of how little it thinks of disseminating clear and timely information to shareholders.News DumpsCompanies and governments have a long tradition of disclosing bad news at times that are inconvenient to the press, or when they think it'll be buried by something else.Hillary Clinton's emails have regularly been disclosed on Friday nights.Bank, in an absolute classic of the genre, once disclosed earnings would be down 20% year-over-year in a released published at 8:05 p.m.In this light, Tesla is doing nothing new.But this is not the only recent move from Tesla that has been anything but shareholder friendly.A bit less than two weeks ago the company proposed an all-stock deal to acquire SolarCity, a struggling non-competitor in a different industry with which is shares a co-founder Musk , and deeply entangled board connections.And though it made clear a capital raise was coming, Tesla recently issued more than $2 billion of common stock, diluting existing shareholders who were already owners of a company burning cash at an absolutely stunning rate about $2.1 billion in the last year .Take all these together and Tesla has shown a particularly paltry amount of respect for its shareholders, elevating Friday night news dumps to an entirely new level by using a very lazy Sunday afternoon as the time for an ugly reveal.Elon Musk's Reality Distortion FieldThe entire Muskiverse — Tesla, SolarCity, and SpaceX — is by now well-known to be a complicated financial web mostly backed by Musk's vast personal fortune.And in addition to providing much of the financial juice for these operations, Musk has also certainly taken up Steve Jobs' mantle as the leading creator of a reality distortion field which gives him and his companies more leeway with shareholders, customers, and fans than might otherwise be warranted.Certainly no one investing in Tesla should be expecting a stock buyback or dividend program anytime soon, and at this point investing in the company probably requires a long-term belief that in 10 or 20 years Tesla's technology sets industry standards for battery-powered, self-driving vehicles.
After ending a two-year smartphone slide with the Galaxy S7, Samsung Electronics Co. could be about to hike capital spending to sustain a revival across the company.At least $5 billion more of investment is headed to the display and semiconductor businesses, according to a survey of analyst estimates, to help Samsung ride out bumps in the phone market.Such a move reflects new optimism about the company after the success of the Galaxy S7, with the shares rallying 17 percent this year.Samsung s rise into an electronics behemoth has been fueled by the ability to get its memory chips and displays, often the most expensive components, into devices made by others.With the South Korean company said to be in talks to supply Apple Inc. with next-generation OLED screens and bring out its own phones with bendable screens, Samsung can use its cash pile of more than $60 billion to extend its lead on rivals.Samsung will probably boost spending on memory and displays, which are poised for a sudden rise as the next growth drivers.Since the company s last earnings report, the average target price of analysts has risen by 6.7 percent, backing the Galaxy S7 s ability to keep winning customers.Sales are projected to increase 4.9 percent to 50.9 trillion won.But with growth in the global smartphone market evaporating, it needs to build up its other major businesses as competitors bring out new products in an attempt to spark growth.
Alphabet has a new way to keep the pressure on employees that work in its non-Google 'Other Bets' divisions.Those subsidiaries, which lost about $800 million last quarter, are creating new types of stock that will fluctuate depending on their own divisions' performance, versus Alphabet's overall, Bloomberg's Alistair Barr reports.Employees often get a solid chunk of their total pay from stock, so "Other Bets" employees will have more of a financial stake in their own division even as Google's ads business continues to print money and swell Alphabet's price.CEO Larry Page wants the new system to push the individual divisions to act more like startups.The life sciences group Verily will soon start using the system, Bloomberg reported.The division's valuation will be based on an analysis by an independent firm and employees will be able to sell their vested Verily shares to Alphabet every six months for either cash or Alphabet equity.The division working on self-driving cars and delivery drones, X, already uses a similar system, but no word yet on its smart home subsidiary Nest, longevity division Calico, or its Access and Energy group.Google wasn't immediately available for comment.NOW WATCH: The most annoying thing about the iPhone isn't changing any time soonLoading video...
It looks like identity theft is rising and sites like Facebook and Twitter are the newIt can leave victims with big bills, or a bad credit rating the points-based system lenders use to decide if you can borrow their cash .The advice isn't to drastically change what you do online, but just think about it first and make sure your privacy settings are tight.Here are some big things to avoid posting, to help keep your identity details to yourself...But if want to make your mates feel EVEN worse about being stuck in work by posting a snap of your passport - or if you fancy sharing that shocker of a mugshot - just don't do it on social media.The chances of a random fraudster using a picture of your house to work out your new address might be slim.
Elon Musk is going off on Fortune.In two tweets fired out Tuesday morning, Musk called a report from Fortune's Carol Loomis published Tuesday "BS."Loomis' report questioned whether Tesla withheld material information from shareholders after the company learned a driver using autopilot in the company's Model S sedan had died in an accident on May 7.Loomis notes that the company sold over $2 billion of stock on May 18 — a sale that was executed before investors had learned about the autopilot death.Tesla had long-telegraphed this sale of stock, saying on its first quarter earnings call it would need to raise cash to fund a ramp-up in vehicle production.News of the crash became public last week, when the National Highway Traffic Safety Administration said it was looking into possible connections between Tesla's Autopilot system and fatal crashes.Musk's tweets were directed at Alan Murray, Fortune's editor.
News: A report showed that Grab s app surpassed Uber s in first-quarter downloads.Compared to Uber, the startup has presence in more cities in the region, The Wall Street Journal reported, citing a study by mobile-app analytics firm App Annie.The ride-hailing market in Southeast Asia is expected to grow over five times to $13.1bn by 2025 from $2.5bn last year, accroding to a recent report on Southeast Asia's internet economy conducted by Alphabet's Google and Singapore state-investment firm Temasek Holdings.Launched in 2012, Singapore-based GrabTaxi Holdings provides services such as motorcycle taxis, package deliveries and cash payment, which are tailored to fit the local needs in the region.Grab's valuation reached $1.6bn in its last round of funding in 2015 and it currently operates in 30 cities in Southeast Asia, employing 1,600 peoples.However, competing with Uber is a not an easy task for Grab, as the former has massive resources to expand globally.
You can't blame LG for not trying something new.And while a company rep insisted that this was a partial mistranslation, he did say that the G5 "did not meet the expectations of the market."The mid-year management realignment, the LG spokesperson told Mashable, is "not unheard of," but it definitely is a result of LG G5's slow sales.LG's focus in mobile, he said, is "not just about one flagship smartphone but the entire lineup," meaning LG's V-series phones and other devices in the company is offering up.The simple truth is that the LG G5 is the only mass-produced smartphone that's truly different from the pack, but that doesn't appear to have helped convince people to buy it.You can add new functionality, such as camera controls with the camera module, or a hi-fi chip with B's module, but those additional modules cost money, and not everyone is prepared to dish additional cash for a few extra features after purchasing a new smartphone.
Comcast and Netflix are like David and Goliath, Ali and Frazier, Pepsi and Coke.Now, after more than five years of legal punch-ups and backhanded business deals, Netflix and Comcast are finally finding common ground in the form of cold hard cash.According to Recode, Comcast will begin including Netflix on its cable boxes also known as the X1 platform before the end of the year, marking the end of a five-year rivalry that ensnared the internet video industry.Although terms of the agreement are still unknown, experts believe Netflix will pay a distribution cost similar to what it already pays companies like Apple and Tivo.The announcement was quite unexpected, since Comcast and Netflix were vocal adversaries for over half a decade.The competition started back in 2010, when Comcast partnered with Blockbuster to create a DVD rental company in order to compete with Netflix.
We re not sure whether or not Tesla encourages people to snap pictures of Model 3 prototypes when they visit the electric carmaker s facilities in Fremont, California.We wholeheartedly encourage it though, and a new pair of snaps have emerged to give us our best look yet at the near-final Model 3 design in a stunning silver color.DON T MISS: Foxconn spy shot reveals new iPhone 7 details no one saw comingThe release of the upcoming new Model 3 very well may be a make or break moment for Tesla.The company has built a loyal fan base among more affluent car buyers who know the company s limitations going into each sale.Model S and Model X driving ranges can vary based on conditions and driving habits, and Superchargers aren t always abundant.
Twitter announced that it has appointed Facebook s former chief technology officer and Quip chief executive Bret Taylor to its board.His term begins immediately and will expire at the annual shareholder meeting next year.As part of his service, the company will be providing cash and equity compensation.The addition is notable in that this would be one of the first instances of Twitter bringing on board someone from a rival , that being Facebook.Pundits have often remarked that there s no love lost between the two.However, the addition of Taylor could help the company enhance its ability to reach new users.Taylor s resume in the social space is well-documented.His career started out at Google where he was a creator of Google Maps and its developer API before branching off to be cofounder of social network Friendfeed, which Facebook acquired.
But as Uber celebrates those milestones, it faces an army of attackers.The ride-booking giant is spending millions fighting dozens of lawsuits over everything from the way it vets its drivers to how it advertises.Industry experts say Uber's deep pockets -- the company is worth more than $60 billion and has $11 billion in cash -- and its disruptive habit of flouting traditional industry rules as it expands around the globe make it an attractive legal target.And that doesn't include actions in state courts.Lyft, Uber's chief competitor, faced seven and Facebook had 27.Part of the problem is Uber's lukewarm relationship with its drivers -- which the company is trying to change with perks like its recently launched quasi union in New York City.
With the announcement late last week by BMW, Intel, and Mobileye of a new reference platform for autonomous cars—expected to be available in model year 2021 vehicles—the battle lines are being drawn for what promises to be one of the most interesting tech industry developments of the next several years.On the one side, you have tech giants Apple and Google, who also happen to be the two most valuable companies in the world.Either in secret or openly, they re working to create automotive platforms and possibly even cars themselves, leveraging their software and user experience expertise.In the middle, you have a range of the most important and/or most innovative semiconductor companies—names like Intel, nVidia, Qualcomm, and ARM—hungry for a new growth market and eager to cash in on what many expect to be one of strongest segments of the tech hardware economy for the next decade.From a platform and technology perspective, this is a battle that will have several different fronts.The two main campaigns will likely focus on a car s infotainment system and its autonomous driving capabilities.
The App Store is full of opportunities to throw money down the digital drain.And it doesn't help when your favorite free apps try to hard sell you premium subscriptions.Tech Insider rounded up which subscriptions are worth the cash, and which ones aren't.
We know a cash cow when we see one, and we re going to bleed this subject dry.That s a promise.Yes — that s right.In this episode of VB Engage, we continue the discussion around chatbots, as news comes in that Facebook Messenger now has 11,000 chatbots available for artificial conversations.There s just one problem.How on earth do you know what bots are available, what they do, and how people rate them?Travis and Stewart discuss this very real issue in the news segment before digging in to the sometimes murky world of influencer marketing with Andrew Grill, former CEO of Kred and current head of social consulting at IBM.We also discuss the Do Not Pay bot, which has beaten over 160,000 traffic tickets in London and is now coming to a city near you.That s a 64 percent success rate, and the bot has saved Londoners around £4 million.
If you re a high school senior who just graduated or you re already in college and you re just beginning to enjoy the summer, it s unbelievably annoying that retailers are already starting to offer back to school sales.The last thing you want to think about right now is going back to school.Of course, you are going to have to go back to school in a couple of months, so you might as well save some cash by picking up some of the things you need while they re on sale.For example, this one-day Prime Day deal is perfect for anyone heading to a dorm this fall: For just $119.99, you can get a brand new 2016 model Hisense 32H3B1 32-Inch 720p LED TV and an Amazon Fire TV Stick.Here are some key details about the Hisense TV:Full Array Backlight that makes dark images darker while keeping bright areas of the screen brighter
The European Commission wants industry to contribute three-quarters of the cashFlags in front of the European Commission headquarters in Brussels on June 17, 2015The European Union is stumping up €450 million $500 million to fund research into cybersecurity -- and wants industry to contribute three times that.The EU's executive body, the European Commission, is concerned about the vulnerability of the EU economy to cyberattacks, warning in a report Tuesday that they "could undermine the digital single market and economic and social life as a whole."The $2 billion cybersecurity public-private partnership cPPP is intended boost cross-border research into cybersecurity, and to aid development of security products and services for the energy, health, transport and finance industries, the European Commission said Tuesday.It's not the Commission's first attempt to coordinate EU member states' cybersecurity strategies.
Image caption Even plastic cards might disappear if "pay by phone" takes offWould you be prepared to manage all your finances through your smartphone?One start-up is going a step further, bringing many financial services together onto one app so that you have complete visibility of all your cash transactions in one place.As well as several mainstream banks, many other fintech firms have joined Bud, including global "send and spend" money app Revolut, peer-to-peer money transfer firm CurrencyFair, and crowd-investment platform Crowdcube.The idea is that customers will be able to aggregate all their bank and credit card accounts into one place and switch money between them quickly and easily, as well as make payments to other people at the click of a button."The Bud app fits into a wider trend in the market as banks battle it out to make their online services as effortless as possible," says John Rakowski, director of technology strategy at AppDynamics.
Apple has released four apps for use within the iOS 10 Messages app.The firm has released a series of sticker packs; Smileys, Hearts, Hands and, Classic Mac.Unfortunately, you ll need the iOS 10 public beta to take the foursome for a spin.The animated stickers will be one of the many options available to iOS 10 users when the new Messages app rolls out to the public.Apple is opening Messages up to third-party app makers through the App Store, offering access to some of the most popular apps without having to leave.Users will be able to send cash, GIFs, creat animations with JibJab, share content from news apps like ESPN, edit photos, play games, order movie tickets and and so much more.
Jia Yueting has all the trappings of a successful Chinese tech entrepreneur with global ambitions.A self-made billionaire who got his start as the IT guy at his local tax bureau, Jia s flagship internet-video company now sports a $15 billion market capitalization and a buy rating from Goldman Sachs Group Inc.Jia has pledged 87 percent of his holdings in Leshi Internet Information & Technology Corp. -- his flagship firm -- for cash that he then plowed back into his companies, regulatory filings show.The stock, which was halted in Shenzhen for the first five months of 2016, has dropped 11 percent since it resumed trading on June 3, a move that heightens Schwartz s fear that a margin call could prevent Jia from funding the plant.You can see where this leads, Schwartz said in a phone interview.The nation s firms, which boosted outbound direct investment by 62 percent in January-May from a year earlier, are branching out even as rising debt levels and weak profits at home cast doubt over their ability to secure stable funding.Faraday, whose 1,000-horsepower concept car has drawn comparisons to the Batmobile, says it has the full support of Nevada s governor and is pushing forward with the city of North Las Vegas on infrastructure planning.He said the size of the funding would be meaningful and come from Asian investors, while declining to provide more details.
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