Archive for May, 2020

6 VCs share their bets on the future of work

As tech companies like Twitter and Facebook gear up for longer-term remote work solutions, the future of work is becoming one of the more exciting opportunities in venture capital, Charles River Ventures general partner Saar Gur told TechCrunch. And as loneliness mounts with shelter-in-place orders implemented in various forms across the world, investors are looking for products and services that foster true connection among a distributed workforce, as well as a distributed society. But the future of work doesn’t just entail spinning up home offices. It also involves gig workers, freelancers, hiring tools, tools for workplace organizing and automation. The last couple of years have particularly brought tech organizing to the forefront. Whether it was the Google walkout in 2018 or gig workers’ ongoing actions against companies like Uber, Lyft and Instacart for better pay and protections, there are many opportunities to help workers better organize and achieve their goals. Below, we’ve gathered insights from: Saar Gur, general partner at Charles River Ventures Roy Bahat, head of Bloomberg Beta James Cham, partner at Bloomberg Beta Karin Klein, partner at Bloomberg Beta Ann Miura-Ko, co-founding partner at Floodgate Quentin Clark, managing director at General Catalyst Saar Gur, Charles River Ventures  What are you most excited about in the future of work? Future of work is one of the most exciting opportunities in venture.   Pre-COVID, few tech companies were fully remote. While it seems obvious in retrospect, the building blocks for fully remote technology companies now exist (e.g. high-speed internet, SaaS and the cloud, reliable video streaming, real-time documents, etc.). And while SIP may be temporary, we feel the TAM of fully remote companies will grow significantly and produce a number of exciting investment opportunities. I don’t think we have fully grokked what it means to run a company digitally. Today, most processes like interviewing, meetings and performance/activity tracking still live in the world of atoms versus bits. As an example, imagine every meeting is recorded, transcribed and searchable — how would that transform how we work?    There is an opportunity to re-imagine how we work. And we are excited about products that solve meaningful problems in the areas of productivity, brainstorming, communication tools, workflows and more. We also see a lot of potential in infrastructure required to facilitate remote and global teams. We are also excited by companies that are enabling new types of work. Companies like Etsy (founded 2005), Shopify (2004), TaskTabbit (2008), Uber (2009), DoorDash (2013) and Patreon (2013) have helped create a new workforce of entrepreneurs. But many of these companies are over a decade old and we fully expect a new wave of companies that give more power to the individual.

SpaceX’s first crewed spacecraft successfully docks with the International Space Station

SpaceX’s Crew Dragon ‘Endeavor’ successfully docked with the International Space Station as planned on Sunday morning, marking another key milestone during this historic Commercial Crew demonstration mission it’s conducting with NASA. On board Crew Dragon were NASA astronauts Doug Hurley and Bob Behnken, the test pilots selected to be the first ever humans to fly on board SpaceX’s Crew Dragon, and the first people ever to make the trip to orbit aboard a spacecraft built by a private company. The docking process was handled completely autonomously by Crew Dragon itself, which is designed by SpaceX to operate on autopilot from the moment of launch throughout the course of the entire mission. The spacecraft is able to dock with a newer automated international docking adapter installed on the ISS, unlike the original cargo version of Dragon, which required manual capture by the robotic Canadarm 2 controlled by astronauts on the station. The updated cargo Dragon and Crew Dragon are designed to work with the new automated system. Hurley and Behnken launched at 3:22 PM EDT (12:22 PM PDT) on Saturday, taking off from Cape Canaveral in Florida as planned. It was the second launch attempt for this mission, after weather caused a delay last Wednesday. This mission is NASA and SpaceX’s Commercial Crew Demo-2, which is the second demonstration mission of the full flight and return of the SpaceX Crew Dragon spacecraft, one of two vehicles commissioned by NASA from commercial partners to provide transportation serves for astronauts to and from the Space Station. Crossing this milestone means that essentially the first half of the mission has been completed successfully – so far, SpaceX has demonstrated that the launch process works as designed, as does manual control (the astronauts took over and ran two tests of that system), and automated docking. The ISS hatch opened at 12:37 PM EDT, and the Dragon hatch opened at 1:02 PM EDT, at which point Behnken and Hurley were welcomed onboard the ISS by the existing crew, which includes two U.S. and one Russian astronaut. Hurley and Behnken will now perform standard ISS crew activities, including conducing experiments and research, during the next several weeks before they climb back into Crew Dragon for the final portion of Demo-2 – the trip back to Earth.