Black Panther has crossed the $1 billion mark worldwide

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Marvel’s Black Panther is continuing its winning streak at the box office. This weekend, it crossed the $ 1 billion mark in its worldwide box-office totals, after beating out the four-day totals of Disney’s last big movie, Star Wars: The Last Jedi.

Box Office Mojo says the latest installment of the Marvel Cinematic Universe is the first to stay in the top box-office slot for four straight weeks. The film was helped by a solid debut in China this weekend, where it earned $ 66.5 million in its first three days, according to Variety. The massive box office haul only adds to the impressive set of records that the film has already shattered: the largest February debut of all time (beating Deadpool), the second largest Marvel debut (after The…

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Steve Jurvetson was pushed out of his firm as the lines between personal and professional crossed

Jurvetson was asked to leave because DFJ caught him lying about what it considered serious allegations.

Steve Jurvetson, who started his career in Silicon Valley as a wunderkind founder of one of its marquee venture capital firms, has become one of its highest-profile investors, palling around with its most flamboyant tech superstars and backing its edgiest startups.

But on Monday, he crashed to earth way more swiftly than his career had rocketed skyward two decades ago.

His partners at DFJ spent a weekend pondering his fate, sources said — first placing him on a leave of absence last Saturday, then voting him out on Sunday, and then finally informing some of the firm’s top limited partners at a golf-filled gathering, along with some portfolio companies, on Monday.

Jurvetson was asked to leave because DFJ caught him lying about what it considered serious allegations, a source familiar with the situation said.

DFJ’s investigation found, in part, a pattern of dishonesty with women, according to other sources, including extra-marital affairs that, in the eyes of some, crossed into the professional world. Jurvetson also contributed to a difficult work environment, a source alleged. The complete circumstances that forced Jurvetson from his job are still in dispute, although both sides say his decision to depart was mutual.

Partners at DFJ unanimously decided it would be better for Jurvetson to leave, a source close to the firm said, with even founding partners Tim Draper and John Fisher deciding his time there was done.

DFJ declined to comment for this story. Jurvetson also declined to comment, referring Recode to the statement he issued earlier in the week. In Jurvetson’s statement, he said he left because of the acrimony that arose between DFJ partners in the wake of the investigation.

To be clear, no one has publicly emerged to allege sexual harassment by Jurvetson. But behind the scenes, it appears as though individual colleagues interpreted an ambiguous set of facts through, in part, a lens of how the transfer of power would affect them personally.

Jurvetson’s resignation surprised many tracking the case. The 50-year-old investor is also the highest-profile venture capitalist to be ousted from his lofty position since women this year started to speak out about a range of abuse from male investors in Silicon Valley and beyond.

It began after investigators also uncovered a messy personal life, said multiple sources — which Jurvetson himself clearly alluded to in his own public statement.

Those sources said DFJ’s external investigators at the law firm Simpson Thacher and Bartlett discovered from at least two women — who confirmed their accounts to Recode — that Jurvetson had allegedly carried out affairs with multiple women simultaneously. Some of the women also said they felt led on by the married man and were unaware of the other relationships.

On its face, allegations of personal misconduct — however problematic — may not seem to many to be enough for a firm to agree to part ways with one of its founders. But the line between personal and professional has become ever thinner in the business world, leaving Jurvetson in a precarious position.

That’s because several of the women making allegations work in the tech industry and first met him at professional conferences. The firm’s move to push Jurvetson out also seems in part preventative — while a woman might not be pitching DFJ today, they might pitch the firm in the future. In other words, Silicon Valley’s power players are always at work, even when they are not.

The company said in its statement announcing his departure last week: “DFJ’s culture has been, and will continue to be, built on the values of respect and integrity in all of our interactions.”

Within the office, Jurvetson was also considered to be dismissive, sometimes using a curt tone with colleagues, sources said. That behavior gave him few allies in the workplace when he needed it.

Jurvetson did acknowledge in his statement that questions about his personal conduct had eventually triggered his departure.

“I have also learned that an ill-advised relationship, where the other person is left feeling hurt, angry or scorned, can have far reaching consequences in the digital age. It is inaccurate and unfair to describe any of this as harassment or predation,” he wrote on Facebook.

But he added, “I think my personal life, and other people’s personal lives, should stay personal.”

And, indeed, multiple women whom Recode interviewed said their sexual relationships with Jurvetson were not forced, and did not involve an implicit workplace quid-pro-quo.

While the allegations do not resemble the scandals that have forced other powerful Silicon Valley men out of their jobs in recent months, they do shed some light on what investigators found.

“He’d sort of create a soap opera for himself,” said one of the women who dated Jurvetson, who requested anonymity to protect her career. “He lied to us.”

This woman was not aware that Jurvetson was seeing several other women at the same time. She met Jurvetson at a conference at which the venture capitalist spoke.

The pair carried out a consensual affair as Jurvetson’s marriage wound down, the woman said, and saw one another about once a month. They would sometimes attend professional conferences together, but she described their relationship as “one hundred percent personal.” She said she also saw other men at the time.

A second woman who dated Jurvetson told Recode she was searching for career opportunities in venture capital and startups. The woman, who declined to give her real name out of professional concerns, said she only later realized he was also dating the first woman, although she herself was also seeing other men in what she described as an off-again, on-again relationship with Jurvetson.

Business and romance did occasionally mix in small doses. Jurvetson at one point did offer advice on a startup idea the woman had presented along with a co-founder, she said. The project didn’t end up launching at all. Jurvetson once also made an introduction for her to a venture capital firm for a possible job. She ultimately wasn’t interested in the gig, she said, and stressed to Recode she did not consider it a major favor.

Several of the women met one another at the TED conference in Vancouver, where Jurvetson is a regular, in the March of 2015, one of the women said. That conference is said to be a flashpoint in the Jurvetson drama, as several women dating him discovered that they were not alone in their personal involvement with the investor.

One woman, Keri Kukral, has been the most public in alleging improper conduct. She wrote in a Facebook post last month that “women have been banned from TED” due in part to DFJ founding partners — she did not specifically name Jurvetson. Kukral edited her post last week to remove the TED allegation.

Kukral also alleged that “predatory behavior is rampant” at the firm, a charge that a DFJ partner has disputed as “patently wrong.”

Kukral declined to meet with DFJ’s external investigator at Simpson Thacher, Alexis Coll-Very, as of last week, according to a Facebook post by Kukral. Coll-Very said in a letter to Kukral she had until last Thursday to inform investigators whether she would participate in an interview. Kukral did not.

Jurvetson, who has since gotten a separation and is now engaged to another woman, said in his statement that he was the subject of “vicious and wholly false allegations about sexual predation and workplace harassment.”

Not everyone agrees with DFJ’s decision to dismiss Jurvetson. His departure has stoked anger from some of its limited partners, who have become concerned about the future of the firm since it was revealed last week at their annual meeting in Half Moon Bay, according to a person in touch with the firm in recent days.

And the stakes are high. Jurvetson was, prior to his ouster, a “key man” on DFJ’s most recent venture fund, according to a report filed by one of its limited partners, alongside Josh Stein and Andreas Stavropoulos. Legally, those three are the decision-makers at the fund, according to SEC documents. The terms of the fund requires that at least two so-called key men remain. So if another man after Jurvetson were to stop managing the fund’s investments, the fund could dissolve.

Jurvetson was DFJ’s star and a founder — before shortening it, the name of the firm was Draper Fisher Jurvetson. Deemed a whiz kid ever since he led a $ 300,000 investment in Hotmail ahead of its sale to Microsoft for $ 400 million when he was only 30 years old, Jurvetson became one of its key rainmakers. And he has been close, for example, to big tech players like Elon Musk, a relationship that has given DFJ access to SpaceX, which is now valued at over $ 20 billion.

Jurvetson, Stein and Stavropoulos sat on the management committee for DFJ’s 12th early-stage venture fund, which operates quite independently of its growth practice, a fund that focuses on more mature companies. The leaders on DFJ’s later-stage fund are Fisher, Mark Bailey, Randy Glein and Barry Schuler.

Some of DFJ’s partners were “shocked” by the swiftness of his ouster, the person in touch with the firm said. As of late last week, Jurvetson was still setting up meetings for his CEOs. But the tone changed suddenly over the weekend, the person said.

Along with the disgruntled LPs, multiple sources said some of the firm’s approximately 50 employees were nervous about the potential departures of other investors in the wake of Jurvetson’s leaving. The entire investing team, though, attended their annual, pre-scheduled LP meeting, said a source close to the fund.

Jurvetson, meanwhile, spent his week trying to move on. He attended Tesla’s glitzy truck unveiling by Musk on Thursday evening as a VIP. That afternoon, he appeared as scheduled at a speaking engagement hosted by Draper, his longtime business partner. He spoke at the event about the ethics of artificial intelligence, appearing in a fireside chat that followed other investors who traded views on topics like cryptocurrency.

The sole difference? Projected on the front screens beneath those investors’ names were their job titles.

Jurvetson’s was blank.

Recode – All

Bitcoin Officially Crossed the $5,000 Mark

Editor’s note: This piece was written prior to the China ICO announcement and the subsequent correction. 

The Bitcoin Bull

Yet again, Bitcoin has managed to beat the expectations of many, regardless of how little or much analysts have expected the cryptocurrency to gain. On Saturday, Bitcoin prices crossed the $ 5,000 threshold, signaling a sell-off by some large scale traders. This is expected when assets reach a high point. Many investors set sell orders when these high points are reached. Often, they expect the prices to dip and savvy investors can either pocket the profits or reinvest at the dip price point if they expect another surge.

That is exactly what some of the most bullish investors are predicting. Cryptocurrency can be a volatile market, so no prediction can be considered a sure thing. However, since the beginning of the year, it seems that the more optimistic estimations have proved to be victorious.

Image credit: CoinDesk
Image credit: CoinDesk

Bubble Schmubble

As of writing this piece, the price of Bitcoin has dropped a bit to $ 4,575.04, an even further dip than the price point at which value leveled after yesterday’s impressive rally. Still, there is plenty of room for that optimism to continue. Should a less than expected number of investors sell their coins, it will signal an increased level of confidence in the currency and prices will once again continue to surge.

The word “bubble” gets thrown around a lot in crypto circles. Yet, even if Bitcoin is perceived to be in one, these bubbles tend to prove themselves resilient and can last for a long time. Many investors are looking to Bitcoin as a safe haven in these increasingly uncertain times and are taking money out of gold to invest in crypto. Once again, we cannot know how the market will fare in the near future, let alone in the long run. But, at least for now, we will continue to ride this rollercoaster for its steep climbs and short falls.

Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.

The post Bitcoin Officially Crossed the $ 5,000 Mark appeared first on Futurism.


Survey shows IIoT has “crossed the chasm”, claims Zebra

Zebra Technologies study reveals IIoT has "crossed the chasm"

Zebra Technologies, manufacturer of mobile computers, scanners, and barcode printers, has released the findings from its annual Manufacturing Vision Study.

The global study of 1,100 executives from automotive, high tech, food, beverage, tobacco and pharmaceutical companies, conducted on Zebra’s behalf by Peerless Insights, sought to uncover trends emerging within the industrial manufacturing space.

Central to the findings is evidence of a concerted push towards Industry 4.0 and the smart factory vision. Manufacturers are increasingly looking to achieve intelligent exchange of information between sensors, devices and machines in factories, in order to achieve more with less. Zebra’s study supports this view, suggesting that by 2022, 64 percent of manufacturers expect to be fully connected, compared with just 43 percent today.

Wearables and voice

The company believes technology such as radio frequency identification (RFID), automated systems and other emerging technologies will be used more frequently to monitor the physical processes of a plant and enable better informed decisions in areas such as predictive maintenance.

Zebra also found that over half (55 percent) of manufacturers plan to adopt wearable technologies by 2022. In its report, the company suggests that, “while still a relatively young technology, wearables offer a plethora of opportunities to improve safety and increase productivity on the plant floor. For example, some solutions can monitor a worker’s physical condition and alert supervisors if issues arise that could be considered a health hazard.”

Likewise, there will be a boom in the adoption of voice technologies in the coming five years. Zebra believes that 51 percent of manufacturers are planning to expand their use of voice technology in the years between now and 2022, with the most significant growth reportedly coming from those with annual revenues in excess of $ 1 billion. Adoption among these manufacturers is anticipated to come in at 55 percent by 2022.

“As manufacturers seek to eliminate the need to store excessive inventory, voice technologies will play a key role in just in time (JIT) manufacturing and automating processes,” the company said.

Consequently, there will be a decline in the use of manual processes, such as pen and paper, which is currently used by a surprisingly high 62 percent of manufacturers to track vital steps in the production cycle. Given how inefficient this is, it it may only be used by one in five manufacturers by 2022.

Read more: TestPlant CEO: IoT has broken the established IT testing model

“IIoT has crossed the chasm”

Commenting on the findings, Jeff Schmitz, senior vice president and chief marketing officer, Zebra said: “Manufacturers are entering a new era in which producing high-quality products is paramount to retaining and acquiring customers as well as capturing significant cost savings that impact the bottom line. The results of Zebra’s 2017 Manufacturing Vision Study prove that IIoT has crossed the chasm, and savvy manufacturers are investing aggressively in technologies that will create a smarter, more connected plant floor to achieve greater operational visibility and enhance quality.”

Smart factories are surely coming, but with the advent of increased efficiency and greater productivity levels, chief executives fear a backlash from employees. An automation survey released in January by accountancy firm, PwC, found that around half of executives worry that the fourth industrial revolution, where robots and sensors work alongside people in factories, will be met with distrust by workers.

Speaking about these findings, Kevin Ellis, chairman and senior partner of PwC, said that “With the current pace of technological change, it is hard to predict what jobs will look like in the future, so as well as developing digital skills, it is important that employees are adaptive and able to respond to the next skills challenge. Those that can will be in high demand.”

“Emerging technology development will require diverse thinking to ensure the fourth industrial revolution is representative of the population and doesn’t leave anybody behind as we reshape our economy,” he added.

Read more: Brewing company draughts in Rockwell Automation to boost production

The post Survey shows IIoT has “crossed the chasm”, claims Zebra appeared first on Internet of Business.

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