‘Yaran-e-Watan’ to enable Pakistani diaspora to support anti-Covid-19 efforts - ARY News

Yaraan-e-Watan zafar mirza

ISLAMABAD: Special Assistant to Prime Minister (SAPM) on Health Dr Zafar Mirza on Friday launched an online platform, “Yaran-e-Watan” to enable overseas Pakistani health professionals to support the country’s efforts to cope with the coronavirus pandemic.
I am happy to launch today Pakistan Diaspora Health Initiative (یاران وطن) @YaranWatan through which our overseas Pakistani health professionals can support national efforts in dealing with #coronavirus outbreak in their homeland,” he said in a tweet.
Briefing the media on the initiative, he said the initiative has been launched in collaboration with the Ministry of National Health Services, Regulations and Coordination, the Ministry of Overseas Pakistanis and Human Resource Development with support from the Pakistani diaspora health organisations.
He said the platform will help utilise the full potential of the diaspora community, including medical doctors, nurses, pharmacists, administrators, health economists, public health professionals and other professionals, in developing Pakistan’s health sector.

Former Pakistan cricketer, wife test negative for coronavirus - ARY News

former cricketer sadiq muhammad

KARACHI: Former Pakistan cricketer Sadiq Mohammad and his wife tested negative for the novel coronavirus on Friday.
“Happy to inform that both Sadiq sb & his wife have tested negative. Alhamdolillah,” Sindh Government spokesperson Murtaza Wahab said in a tweet.
Samples of the former cricketer and his wife were collected for a coronavirus test the other day.
Their samples were collected at their residence after Sadiq said he was suffering from symptoms similar to those of the coronavirus and requested the Sindh government to test him at his home.
He said he is 74 years old and didn’t want to go to hospitals where he may risk contracting the infection.

Medics being provided all equipment to fight Covid-19: Dr Zafar Mirza - ARY News

Dr Zafar Mirza coronavirus lockdown doctors

ISLAMABAD: Special Assistant to Prime Minister on Health, Dr Zafar Mirza, said that the federal government is providing all necessary equipment to the doctors and paramedical staff through National Disaster Management Authority (NDMA) to fight coronavirus pandemic, ARY News reported on Friday.
Dr Zafar Mirza, while talking to ARY News programme ‘Sawal Yeh Hai’, said that doctors have their own concerns regarding the coronavirus pandemic. He added there was no objection in admitting that the virus could be eliminated through a complete lockdown. However, Pakistan could bear consequences of a complete lockdown like China, he said.
“25 per cent of the total population of 220 million in Pakistan are living below the poverty line and a complete lockdown will become a disaster for them. The government can increase the testing capacity through the imposition of a smart lockdown. However, the provincial governments are independent in making their own decisions.”
“My sympathies go out to all doctors and other medical staff. Through NDMA, we are fulfilling all requirements of the medics. If we don’t use the medical equipment properly, we will definitely face a shortage. I want to ask the hospital administrations to train their medical staff members amid the emergency situation.”
Earlier in the day, a group of female doctors urged people to stay at home to keep the deadly coronavirus at bay.
Speaking at a press conference in Karachi, they appealed to the government to ensure enforcement of lockdown restrictions in letter and spirit to contain further spread of the infection.
Dr Nusrat Shah, one of the doctors, said it is only through a strict lockdown imposed for at least a period of a month and a half that the virus spread could be contained. Pleading with people to observe social distancing and other safety protocols, she said the rising number of cases is adding to the burden on health professionals.
The doctor said most pregnant women come to hospital when they are seriously ill. She added they find it difficult to save pregnant women affected by the deadly infection which not only put their lives but those of their children in danger.
“If doctors start dying, who will save patients,” she said.
Another health professional, Dr Nighat said the government has so far failed to do its job in ensuring that precautionary measures are followed.
She added the country’s rickety healthcare system will not be able to tackle the influx of coronavirus patients.

Couple killed in Shikarpur after four years of free-will marriage - ARY News

Shikarpur killing sister free will marriage

SHIKARPUR: In what appeared to be a chilling murder, a couple was killed after four years of their free-will marriage in Shikarpur area of the Sindh province, ARY NEWS reported.
According to police, the incident occurred in suburb area of the Shikarpur district, where a man killed his sister and brother-in-law over free-will marriage.
“The couple contracted the marriage four years ago,” said the police.
They said that the accused was able to flee away from the scene after the incident and police have initiated a search for him. The bodies have been shifted to a hospital for medico-legal formalities.
Violent acts against couples who contract free-will marriage have been reported in the country from time to time.
In one such incident, a young person in Sadiqabad was brutally tortured with his nose chopped off for contracting free-will marriage.
The shocking incident took place in Chowk Bahadur area of the Sadiqabad tehsil in Rahim Yar Khan.
According to the youngster’s family, the girl’s brothers along with other people subjected him to brutal torture and cut off his nose.
The victim has been shifted to Shaikh Zayed Hospital in critical condition.
His family members said over fifteen people beat Ahmed Ali black and blue after kidnapping him.
They appealed to Chief Minister Sardar Usman Buzdar to take notice of the incident and bring the culprits to justice.
Reports say the boy and a girl named Samera Bibi got married out of their own free-will a year and a half ago, which angered the family of the girl, that was looking for an opportunity to settle a score with the boy.
A first information report (FIR) of the incident has been lodged at the Saddar Sadiqabad police under kidnapping and attempt to murder charges.
Meanwhile, three key accused, Arif, Asif and Siraj have been arrested as raids are being conducted to arrest their accomplices.

FIA seeks two weeks to submit forensic report on wheat, sugar scam - ARY News

FIA Wajid Zia forensic report

ISLAMABAD: The Federal Investigation Agency (FIA) has sought more time to submit a detailed forensic report on the sugar and wheat scandal, ARY News reported on Friday.
Sources privy to the development relayed FIA director general Wajid Zia sought two weeks’ time from the federal government for submission of the report, which granted his request.
They said two more officers, Arsalan Watto and Ayaz Khan, have been added to the team conducting a forensic audit of the matter. It will visit different sugar mills in connection with its forensic audit.
The report will be presented to Prime Minister Imran Khan after two weeks, the sources added.
Earlier, on April 7, Special Assistant to Prime Minister (SAPM) on Information and Broadcasting Firdous Ashiq Awan had said Prime Minister Imran Khan will take action against those behind the recent sugar and wheat crises in the country on the basis of a final inquiry report.
She added the inquiry report on the sugar crisis raised many a question on the sugar policy.
SAPM Awan said Prime Minister Khan took strong exception to threats extended to the inquiry commission that carried out a thorough probe into the shortages of wheat and sugar which took a heavy toll on the masses in January.
She quoted the premier as saying that if relevant elements again resort to such an act, they will not go unpunished, adding he clarified that no one will be allowed to create hurdles to dispensation of justice.

Playbook PM: From an idea to a sarcastic quip

Presented by PhRMA: POLITICO's must-read briefing on what's driving the afternoon in Washington
Apr 24, 2020 View in browser
 
POLITICO Playbook PM

By Jake Sherman, Anna Palmer, Garrett Ross and Eli Okun

Presented by

WE ALL USED OUR OWN EYES AND EARS Thursday to witness -- either in person, or on a screen -- President DONALD TRUMP suggest that disinfectants might be able to help cure the body of Covid-19.

WE WATCHED HIM MOTION TOWARD DEBORAH BIRX while he asked her to study this, along with whether ultraviolet lights might also cure the disease. WE WATCHED HIM call WaPo's PHIL RUCKER "fake news" because he suggested people want to hear more than just rumors during the White House briefings -- the president said he was just there to deliver "ideas," and people should still consult with doctors.

MANY OF US ALSO KNOW -- because we are functioning human beings on planet Earth who were not born yesterday -- that it's not prudent to put such substances inside your body because they can make you really sick, or perhaps kill you.

BUT HERE'S WHAT HAPPENED since the president said that.

-- HE GOT BACKUP ... W.H. PRESS SECRETARY KAYLEIGH MCENANY issued a statement razzing the media: "President Trump has repeatedly said that Americans should consult with medical doctors regarding coronavirus treatment, a point that he emphasized again during yesterday's briefing. Leave it to the media to irresponsibly take President Trump out of context and run with negative headlines."

-- MORE THAN 100 PEOPLE called Maryland's emergency hotline asking about whether injecting or ingesting disinfectants could help cure Covid-19, according to Gov. LARRY HOGAN'S comms director MIKE RICCI. The state's emergency management agency said: "This is a reminder that under no circumstances should any disinfectant product be administered into the body through injection, ingestion or any other route."

-- THE MAKER OF LYSOL put out a public statement saying that "under no circumstance should our disinfectant products be administered into the human body (through injection, ingestion or any other route)."

-- SCOTT GOTTLIEB -- TRUMP'S former FDA director -- went on CNBC's "Squawk Box" to say: "I think we need to speak very clearly. There's no circumstance under which you should take a disinfectant or inject a disinfectant for the treatment of anything, and certainly not the treatment of coronavirus. There's absolutely no circumstance in which that's appropriate, and it can cause death and very adverse outcomes, so people should not be doing that if that was an impression that was left by any of the reporting around comments that have been made in the last 24 hours."

THE PRESIDENT THEN SAID today in the Oval Office that he was "asking a question sarcastically to reporters like you just to see what would happen," per the print pooler, Chris Johnson of the Washington Blade.

SPEAKER NANCY PELOSI ended her news conference this morning with this: "[The White House] told me, it came right from the president: No money for the post office. Instead inject Lysol into your lungs as we shut down the states."

-- TRUMP, in the Oval Office, standing with Sens. JOHN CORNYN (R-Texas), ROY BLUNT (R-Mo.) and DAN SULLIVAN (R-Alaska), and Reps. LIZ CHENEY (R-Wyo.), STEVE SCALISE (R-La.) and KEVIN MCCARTHY (R-Calif.), also said the Postal Service is a "joke," according to Reuters' Jeff Mason.

 

A message from PhRMA:

In these unprecedented times, America's biopharmaceutical companies are coming together to achieve one shared goal: beating COVID-19. We are working with governments and insurers to ensure that when new treatments and vaccines are approved, they will be available and affordable for patients. Explore our efforts.

 

ALSO ... THE FOOD AND DRUG ADMINISTRATION, which oversees medical treatments in the U.S., has now cautioned against the use of hydroxychloroquine outside of hospitals or clinical trials because of potential heart problems. The announcement

Happy Friday afternoon.

MORE FROM PELOSI'S news conference: "Speaking of Mitch [McConnell], what's gotten into him? The president is asking people to inject Lysol into their lungs and Mitch is saying the states should go bankrupt." ... Republicans, PELOSI said, "reject science and reject governance."

-- PELOSI ON WHETHER VOTE BY MAIL IS A RED LINE FOR HER in future negotiations: "I don't know how many more bills we will have. But I don't intend to negotiate them in this room."

-- PELOSI: "There will not be a bill without state and local."

RUDY GIULIANI suggested on Fox News that the government also contact trace for cancer, obesity and heart disease, which is, of course, impossible, since they are not contagious diseases. The clip

DISPATCH FROM A PARALLEL REALITY -- "Vanquish the Virus? Australia and New Zealand Aim to Show the Way," by NYT's Damien Cave in Sydney: "Both nations are now reporting just a handful of new infections each day, down from hundreds in March, and they are converging toward an extraordinary goal: completely eliminating the virus from their island nations.

"Whether they get to zero or not, what Australia and New Zealand have already accomplished is a remarkable cause for hope. Scott Morrison of Australia, a conservative Christian, and Jacinda Ardern, New Zealand's darling of the left, are both succeeding with throwback democracy — in which partisanship recedes, experts lead, and quiet coordination matters more than firing up the base." NYT

VP MIKE PENCE said today the administration is now encouraging states "to restart elective surgery wherever possible even on a county-by-county basis," per Chris Johnson.

D.C. TO HEDGE FUNDS: BUZZ OFF! -- "Hedge funds, private equity firms barred from small business aid," by Zach Warmbrodt and Victoria Guida

NEW: ANNA and JAKE will interview Michigan Gov. GRETCHEN WHITMER on Monday at 9:30 a.m. for a virtual Playbook Interview. Register to watch

WHAT'S ON THE PRESIDENT'S MIND -- @realDonaldTrump at 10:49 a.m.: "Great News! Randall Stephenson, the CEO of heavily indebted AT&T, which owns and presides over Fake News @CNN, is leaving, or was forced out. Anyone who lets a garbage 'network' do and say the things that CNN does, should leave ASAP. Hopefully replacement will be much better!"

-- STEPHENSON'S RETIREMENT was part of a long-planned transition. Veteran AT&T exec JOHN STANKEY will take the reins July 1. More from John Hendel

 

BUILDING A SUSTAINABLE FUTURE: A DIFFERENT KIND OF NEWSLETTER: "The Long Game" explores the convergence of private sector leaders, political actors, and NGO/Academic experts on the key sustainability issues of our time. Subscribe for a nuanced look at sustainability news, trends, solutions and the leaders focused on building a future for generations to come. Launching soon. Subscribe today.

 
 

THE NEXT LIFELINE -- @marcorubio: "PPP should be relaunching Monday morning. It will will include not just the $310 billion @potus will sign today, but also an additional significant amount of money from #PPPloans being returned by several publicly traded large companies."

FACT CHECK ... DALLAS MORNING NEWS' TODD GILLMAN: "No, Trump did not put a Labradoodle breeder in charge of COVID-19 response"

DRAIN THE SWAMP -- "Want a mask contract or some ventilators? A White House connection helps," by NBC's Jon Allen, Phil McCausland and Cyrus Farivar: "In early March, Mike Bowen, the executive vice president of the medical mask manufacturer Prestige Ameritech, found the perfect way to drum up some federal business: He went on Steve Bannon's podcast, which is highly popular at the White House. ...

"A month later, at the explicit request of the White House, Prestige Ameritech had a $9.5 million contract with the Federal Emergency Management Agency. It then won another deal with the state of Texas and was given 50 National Guard members, deployed by Republican Gov. Greg Abbott, to work shifts at its suburban Fort Worth manufacturing facility. ...

"Using the unilateral authority of the White House, Trump and his aides have consolidated power in a period of national crisis, picking winners and losers based in part on personal relationships, ideological affinity and partisan loyalty. Ultimately, that favoritism has created a two-track system of haves and have-nots in what Trump calls the 'war' against the coronavirus." NBC

HOW TO GET GEAR -- "Frantic for Coronavirus Gear, Americans in Need Turn to China's Elite," by NYT's Alexandra Stevenson, Nicholas Kulish and David Gelles in Hong Kong: "An ad hoc network of companies, wealthy individuals, academics and former diplomats has emerged to help the United States get the Chinese-made goods it needs to save patients and protect front-line workers — and, perhaps, help polish China's dented image along the way. They are trying to navigate snarled supply chains, connect wary buyers and sellers and help overwhelmed local officials in desperate need of equipment.

"The group includes people like Jack Ma and Joseph Tsai, the co-founders of Alibaba, the Chinese e-commerce giant; Marc Benioff, the co-founder of Salesforce, who struck a pact with Alibaba last year to sell its services in China; and Yichen Zhang, the chairman of Citic Capital, a major Chinese investment firm affiliated with a state-run conglomerate." NYT

NOT SO FAST ON CONTACT TRACING: "Coronavirus: Actually, we don't have an app for that," by POLITICO Europe's Janosch Delcker: "Taken on their own, contact tracing apps such as those currently being developed across Europe will have limited impact on the spread of coronavirus and could even give people a false sense of security, according to computer scientists and experts in artificial intelligence. ...

"In an analysis released this week, the London-based Ada Lovelace Institute warned about what it described as a lack of evidence that apps help to curb the spread of the virus, urging the government to shelve plans for a U.K. contact tracing app." The analysis

 

OUR NEIGHBORS NEED YOUR HELP: Layoffs, school closures, and health fears. Everyone is struggling, and our neighbors need our help now more than ever. From grab-and-go dinners for kids to boxes of groceries for seniors, you can help provide critical support for people in the greater D.C. community who need it most. No one should go hungry during this pandemic. Together, we can make sure no one has to. Please support the Capital Area Food Bank's COVID-19 response today.

 
 

ON THE GROUND IN HONG KONG -- "One country, one system: The week that China shredded its promise on Hong Kong," by WaPo's Shibani Mahtani and Timothy McLaughlin in Hong Kong: "With the world distracted by the novel coronavirus pandemic, China has carried out a power grab in the former British colony, whose way of life it had pledged to preserve until 2047. In recent days, authorities have said for the first time that Beijing's representative offices in the territory can "supervise" Hong Kong's internal affairs — a step that legal experts say violates its constitutional firewall with the mainland.

"The Basic Law stipulates that the city should run its own affairs, including the police and immigration system, apart from defense and foreign relations. Beijing officials also called for Hong Kong to introduce a national security law — shelved when an earlier attempt at its introduction sparked massive protests in 2003 — and reached further into the city's legislature with attacks on pro-democracy lawmakers." WaPo

LINKING UP -- "Biden Will Fund-Raise With D.N.C. and His Appointee Will Lead the Committee," by NYT's Reid Epstein and Shane Goldmacher: "Joseph R. Biden Jr.'s presidential campaign and the Democratic National Committee have agreed to a joint fund-raising accord and installed the Biden campaign's choice as the D.N.C.'s chief executive, the latest signs that the party's presumptive presidential nominee has consolidated control over its broader functions.

"The new agreement, which party officials said would be made formal on Friday, will allow the former vice president to raise $360,800 from individual donors, with $5,600 going to the Biden campaign and the rest earmarked for the party committee. At the request of the Biden campaign, Mary Beth Cahill, a D.N.C. senior adviser who briefly served as its interim chief executive in 2018, will take over from Seema Nanda. Ms. Cahill, a longtime operative for the party, served as campaign manager for John Kerry's 2004 presidential campaign." NYT

FOLLOW THE MONEY -- "Top Dem Operative David Brock Accused of Illegally Profiting From His Political Empire by Conservative Group," by The Daily Beast's Lachlan Markay and Lachlan Cartwright: "The complaints, which were filed by the Patriots Foundation, a right-leaning nonprofit, and reviewed by The Daily Beast, detail a series of transactions that, the group says, show the injection of money from a tax-exempt group Brock founded into a private, for-profit news business that he owns. ...

"The nonprofit at issue is the American Bridge 21st Century Foundation, and it's part of a constellation of entities that Brock has seeded over the years and which he tasked in early 2017 to, in his words, 'kick Donald Trump's ass.' The foundation is the 'dark money' affiliate of AB PAC, a super PAC that is pouring millions of dollars into an effort to defeat Trump in November. Brock's network also includes a for-profit news venture called the American Independent. That outlet is owned by a company he formed in late 2015 called True Blue Media LLC." Daily Beast

THE TRUMP ADMINISTRATION -- "Trump team moves to scrap protections for LGBTQ patients," by Dan Diamond: "The health department is close to finalizing its long-developing rewrite of Obamacare's Section 1557 provision, which barred health care discrimination based on sex and gender identity. The administration's final rule on Thursday was circulated at the Justice Department, a step toward publicly releasing the regulation in the coming days." POLITICO

IN MEMORIAM -- "Terry Lenzner, lawyer and investigator who served Nixon subpoenas, dies at 80," by WaPo's Harrison Smith: "Terry Lenzner, a Harvard-trained lawyer who served subpoenas on President Richard M. Nixon before becoming one of Washington's most dogged and feared private investigators, telling his employees to 'scorch the earth' while digging up information for politicians and corporations, died April 23 at a hospital in the District." WaPo

 

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Extra Crunch Friday: 7 VCs look into the future of fintech

Extra Crunch Newsletter
Extra Crunch logo
Extra Crunch Roundup logo

Friday, April 24, 2020 By Walter Thompson

Welcome to Extra Crunch Friday

Welcome to Extra Crunch Friday image

Image Credits: MicroStockHub / Getty Images

Earlier this week, we asked eight venture capitalists who invest in fintech to share their impressions about how the industry has shifted in recent weeks.

In a follow up, seven VCs agreed to share their predictions of things to come:

  • Matt Harris, Bain Capital Ventures
  • Charles Birnbaum, Bessemer Venture Partners
  • Jackson Gates, Manresa Ventures
  • Rob Moffat, Balderton Capital
  • Brendan Dickinson, Canaan
  • Yann Ranchere, Anthemis
  • Cherry Miao, Accel

These Extra Crunch VC surveys are more than just Q&As — our reporters use the intelligence and insight gleaned from the responses to originate stories that dig even deeper to the trends and facts we uncover.

Please join us next week for two Extra Crunch Live sessions: on Tuesday, we’re hosting Freada Kapor Klein and Mitch Kapor of Kapor Capital, and on Thursday, April 30, Mark Cuban will join our virtual speaker series.

Thanks for reading, and have an excellent weekend.

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

Read more

Lightspeed's Nicole Quinn on investing in quarantine behaviors

Lightspeed's Nicole Quinn on investing in quarantine behaviors image

Image Credits: Steve Jennings / Getty Images (Image has been modified)

“I’m an extrovert, so I definitely get energy from meeting people in-person,” said Nicole Quinn, a partner at Lightspeed Venture Parters who’s invested in Calm, Rothy’s and Cameo.

Last week, LVP announced that it had closed on $4.2 billion in new capital across three funds, so Lucas Matney interviewed Quinn about where she’s looking to invest, her changing schedule and who she’s talking to these days.

Read more

Extra Crunch Live: Join Mark Cuban for a Q&A on April 30 at 11am ET/8am PT

Sponsored by TechCrunch

One of the world's top investors is joining us for an Extra Crunch Live conference call — will you be there?

Read more

Are China's coronavirus-related trends shaping the future for American VCs?

Are China's coronavirus-related trends shaping the future for American VCs? image

Image Credits: STR / Getty Images

After a slowdown prompted by the COVID-19 outbreak, new VC deals have started to pick up in China.

The 2003 SARS pandemic helped spur the launches of Taobao and e-commerce giant JD.com, so we examined five cohorts that have closed the most deals in China, as they may predict the post-pandemic environment.

Read more

Extra Crunch Live: Navigating the pandemic with an equitable lens

Extra Crunch Live: Navigating the pandemic with an equitable lens image

Join TechCrunch reporter Megan Rose Dickey on Tuesday, April 28 for an upcoming edition of Extra Crunch Live, our new virtual speaker series.

Her guests will be Freada Kapor Klein and Mitch Kapor, founding partners of Kapor Capital who will discuss how startups should approach this ever-changing new reality and strategies for promoting diversity and inclusion.

Audience members will be able to ask questions, but only Extra Crunch members can join the conversation — sign up here to reserve a spot.

Read more

CrowdStrike's new CTO talks tech challenges in the coronavirus age

CrowdStrike's new CTO talks tech challenges in the coronavirus age image

Image Credits: Tek Image Science Photo Library / Getty Images

Incoming CrowdStrike CTO Michael Sentonas spoke to security reporter Zack Whittaker about the challenges he’s faced since stepping into the role two months ago.

He’s working extended hours to manage teams spread across Europe and the U.S. from his home in Australia in the midst of a global pandemic, but “in some respects things have been business as usual,” says Sentonas.

Read more

New data detail decline in Silicon Valley's Q1 venture activity

New data detail decline in Silicon Valley's Q1 venture activity image

Image Credits: Getty Images

Senior Editor Alex Wilhelm unpacked data from Silicon Valley’s Q1 2020 venture market and found that “January was great” and “February was good,” but “March was a mess.”

Data from Fenwick and West show that deal volume was down considerably after a January that saw "the largest number of venture financings in a single month in at least five years."

Read more

Cowboy VC's Aileen Lee: Your coronavirus scenario planning should be more conservative

Cowboy VC's Aileen Lee: Your coronavirus scenario planning should be more conservative image

The COVID-19 pandemic has made some companies more relevant than ever, but many startups are laying off staff, paring back on marketing and taking other steps to conserve precious cash.

Cowboy Ventures founder and managing partner Aileen Lee and partner Ted Wang joined Jordan Crook for an Extra Crunch Live session this week that addressed scenario planning, whether to apply for a PPP loan and other issues that are top of mind for founders these days.

Read more

Facebook's $5.7 billion bet on Indian giant Jio spells trouble for Amazon and Flipkart

Facebook's $5.7 billion bet on Indian giant Jio spells trouble for Amazon and Flipkart image

Image Credits: SUSANA BATES / AFP / Getty Images

Buying a 9.99% stake in India's Reliance Jio Platform gives Facebook a major boost in the world’s second-largest internet market and presents a threat to major players in e-commerce and payments, reports Manish Singh.

Read more

What happens if Magic Leap shuts down?

What happens if Magic Leap shuts down? image

Image Credits: Brian Ach / Getty Images

Magic Leap this week laid off nearly 1,000 employees — half of its workforce — and announced it would drop its consumer offerings to focus on enterprise customers.

There’s been plenty of hype in AR/VR, but the technology is difficult and expensive to produce. Magic Leap was a driving force when it came to building a developer ecosystem for this frontier technology: what happens to the industry if it can’t execute a dramatic turnaround?

Read more

6 investment trends that could emerge from the COVID-19 pandemic

6 investment trends that could emerge from the COVID-19 pandemic image

Image Credits: picture alliance / Getty Images

History indicates that early-stage investing is resilient when public and private markets are volatile — angel and seed activity increased 34% during the last recession.

Given how much dry powder VCs have in reserve, we analyzed recent early-stage deals to identify six potential investment trends that may persist after the crisis has passed.

Read more

The changing face of employment law during a global pandemic

The changing face of employment law during a global pandemic image

Image Credits: taseffski / Getty Images

Jeff Bezos has announced plans to test every Amazon employee for the novel coronavirus, a proposal that pits public safety against personal privacy.

Reporter Brian Heater spoke to an employment law attorney about the latest updates from the U.S. Equal Employment Opportunity Commission regarding workplace testing for COVID-19.

Read more

Pandemic reset leads investors to focus on resilience, adaptability

Pandemic reset leads investors to focus on resilience, adaptability image

Image Credits: Richard Drury / Getty Images

Investors will always want to invest in growing companies that solve intractable problems, but the COVID-19 pandemic has reset expectations across the board.

In this guest post, several VCs talk about how founders should plan their next raise “in terms of timing, valuation and amounts.”

Read more

Digging into Europe's Q1 venture results

Digging into Europe's Q1 venture results image

Image Credits: picture alliance / Getty Images

“In dollar terms, Q1 2020 was good for Europe,” but “in deal terms it was weak,” reports Alex Wilhelm, who rolled up his sleeves and got elbow-deep in a grip of data covering the first three months of the year.

The second and third quarters are expected to be even worse, “and with deal volume already behind, little ground will be made up,” he concludes.

Read more

The good, better and best of cloud and SaaS growth

The good, better and best of cloud and SaaS growth image

Image Credits: ChristianChan / Shutterstock

Bessemer Venture Partners released its 2020 cloud report this week, so Alex Wilhelm chewed over six metrics BVP used to define success and analyzed its cloud startup scorecard.

“Bessemer's cloud and SaaS exits include Twilio, Shopify, PagerDuty, Box, and a few others, so they're worth listening to at least a little on the topic,” he writes.

Read more

Read more stories on TechCrunch.com

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