Category: engineer

June 7, 2019 Off

Why identity startup Auth0’s founder still codes: It makes him a better boss

By Jill T Frey

If you ask Eugenio Pace to describe himself, “engineer” would be fairly high on the list.

“Being a CEO is pretty busy,” he told TechCrunch in a call last week. “But I’m an engineer in my heart — I am a problem solver,” he said.

Pace, an Argentinan immigrant to the U.S., founded identity management company Auth0 in 2013 after more than a decade at Microsoft. Auth0, pronounced “auth-zero,” has been described as like Stripe for payments or Twilio for messaging. App developers can add a few lines of code and it immediately gives their users access to the company’s identity management service.

That means the user can securely log in to the app without building a homebrew username and password system that’s invariably going to break. Any enterprise paying for Auth0 can also use its service to securely logon to the company’s internal network.

“Nobody cares about authentication, but … Read the rest

June 5, 2019 Off

Social Capital reincarnated

By Jill T Frey

Nine months ago, the once high-flying venture capital fund Social Capital made the bold decision to stop accepting outside capital and operate as a family office, in essence.

The co-founder of the outfit, brazen billionaire and early Facebook executive Chamath Palihapitiya, pledged to upend his investment strategy and make fewer but much larger investments as a means to improve his returns. Naturally, a near-complete exodus of Social Capital’s venture capitalists followed.

Today, the firm’s three founders, Palihapitiya, Mamoon Hamid and Ted Maidenberg, have gone their separate ways. Palihapitiya is rewriting the Social Capital playbook, Hamid is busy reinvigorating Kleiner Perkins and Maidenberg is building on top of the data-driven strategy and proprietary software dubbed “Magic 8-Ball” he built at Social Capital, with a new firm called Tribe Capital.

Quietly, Tribe Capital’s co-founders, Maidenberg and former Social Capital partners Arjun Sethi and Jonathan Hsu, have deployed millions of dollars in Read the rest

June 3, 2019 Off

Apple’s new Sidecar feature is great for users, but third-parties take a hit

By Jill T Frey

Apple has a new feature it’s introducing for the Mac in macOS 10.15 Catalina that is admittedly amazing for anyone like me who happens to have both an iPad and a Mac. It’s called ‘Sidecar,’ and it lets you use your iPad as a second display – wired or wirelessly, and with Apple Pencil support for iPads that work with that stylus.

Based on what we saw at Apple’s WWDC 2019 on stage today, this should work pretty seamlessly out of the box, without anything else to install or configure. It’ll also provide support for Mac apps that already work with drawing tablets, including crucial industry stand-by Adobe Creative Suite.

This is basically something that people have been asking for since day one with the iPad, and as with most obvious omissions in Apple software and features, third-parties sprung up to fill the gap. One of the earliest was Rahul … Read the rest

May 16, 2019 Off

Part fund, part accelerator, Contrary Capital invests in student entrepreneurs

By Jill T Frey

First Round Capital has both the Dorm Room Fund and the Graduate Fund. General Catalyst has Rough Draft Ventures. And Prototype Capital and a few other micro-funds focus on investing in student founders, but overall, there’s a shortage of capital set aside for entrepreneurs still making their way through school.

Contrary Capital, a soon-to-be San Francisco-based operation led by Eric Tarczynski, is raising $35 million to invest between $50,000 and $200,000 in students and recent college dropouts. The firm, which operates a summer accelerator program for its portfolio companies, closed on $2.2 million for its debut, proof-of-concept fund in 2018.

“We really care about the founders building a great company who don’t have the proverbial rich uncle,” Tarczynski, a former founder and startup employee, told TechCrunch. “We thought, ‘What if there was a fund that could democratize access to both world-class capital and mentorship, and really increase Read the rest