SoundCloud Home

Our portfolio company SoundCloud, which makes one of the most popular apps in the world, is launching a new Home experience in it’s mobile apps today.

SoundCloud is the first place musicians post their music and it is the first place listeners discover new artists.

In the past, listeners had to use a feed experience (like Twitter) to discover new artists and new music. This experience works well for power users who take the time to curate a following list. But it doesn’t work great for most users.

So SoundCloud is launching a new Home experience today which moves the feed to a second tab and replaces with a curated and personalized experience for users.

Here is what the new Home looks like:

 

If you have the mobile app, you should get pushed an update today or tomorrow with the new Home experience

It is also available on the web at https://soundcloud.com/discover.

If you want to stay current on the latest in up and coming new artists, SoundCloud is the place to do that and it just got a lot better at doing that for you.

Return On Hard Decisions

I spent much of yesterday going through board decks and other year-end reports.

It was an incredibly gratifying experience after a hard year.

I spearheaded quite a few restructurings this year. A lot of people lost their jobs as a result of those efforts.

It was a year of hard decisions and hard conversations.

But as I sat in my office and read through the reports and decks, what came across loud and clear was that we had made a bunch of right decisions.

A lot of companies that were wandering in the wilderness are now headed in clear and exciting directions.

I continue to feel badly for the people who lost their jobs or quit their jobs in the wake of these restructurings. I realize that many of them had a hard year too and I am sorry for that.

But I feel great for the companies who have been revitalized and for the people who are working in them with a jump in their step and a feeling of optimism and purpose.

This time last year I had a bad feeling in my gut and was having trouble sleeping. I knew what I had to do and dreaded doing it.

Right now, I have a good feeling in my gut and am sleeping like a baby.

That is a nice return on hard decisions.

Break The Internet Tomorrow

Tomorrow, I am going to take AVC offline to show the FCC what the Internet will look like if they repeal the Net Neutrality rules.

It is part of a collective action called Break The Internet.

If you want to join me in this protest, you can get what you need here.

Hopefully, the Verizon shill who runs the FCC will get the message.

Proceed With Caution

The CEO of Coinbase, a company that I am on the Board of, wrote a note to all of their customers on Friday. That note, which he also posted to his blog,  urged caution in the trading of crypto assets such as Bitcoin and Ethereum.

This is a quote from that note:

Over the course of this year we have invested significant resources to increase trading capacity on our platform and maintain availability of our service. We have increased the size of our support team by 640% and launched phone support in September. We have also invested heavily in our infrastructure and have increased the number of transactions we are processing during peak hours by over 40x.

There may be downtime which can impact your ability to trade

Despite the sizable and ongoing increases in our technical infrastructure and engineering staff, we wanted to remind customers that access to Coinbase services may become degraded or unavailable during times of significant volatility or volume. This could result in the inability to buy or sell for periods of time. Despite ongoing increases in our support capacity, our customer support response times may be delayed, especially for requests that do not involve immediate risks to customer account security. 

The reality is that much of the infrastructure that has been built up over the past seven years to support the trading of crypto assets is struggling to handle the load that the recent excitement over Bitcoin and crypto in general has put on their systems. It reminds me of the days in the mid 90s when all of a sudden everyone wanted to get online and AOL could not handle the massive increase in dial-up customers who wanted to log onto the Internet.

Of course eventually everything got sorted out and we have highly scaled systems that can support the roughly 3 billion people who “go online” every day. But that took some time to happen.

I think we are going through a similar phase of growing pains with crypto/blockchain. And things will be messy for a while. So proceed with caution, don’t get too far out over your skis, don’t invest more than you can afford to lose, and be prudent.

Video Of The Week: Samir Desai at Slush

One of the most impressive startup executions I have witnessed in the past ten years is what the team at Funding Circle has pulled off. They have gone from a team of friends with an idea to the largest non bank lender in the western world.

In this interview at the Slush Conference, CEO Samir Desai explains how they pulled that off.

CS Education Week In NYC

All over the city this week, students in NYC’s public schools have been celebrating CS Education Week by doing events and hackathons to showcase their coding skills.

Through NYC’s CS4All program, over 1000 teachers have been trained to teach CS classes in their schools. That is over 500 schools to date. Over the course of the ten-year CS4All program, over 5,000 teachers will get this training so that all 1700 school buildings in NYC will have at least one CS teacher and many will have two, or three, or even four.

Most of these 500 schools, and many others around NYC, participated in CS Education this week. I was out in the schools along with my colleagues at the Department of Education, CSNYC, and the companies that support us, including Google, Accenture, and Alexandria Real Estate.

I met this eighth grader up in the Bronx at In-Tech Academy, a 6-12th grade school that specializes in STEM education and mostly pulls from the Kingsbridge section of the Bronx. He told me that he wants to be a game designer when he grows up. I told him he was well on his way and that he just needed to keep up his schoolwork and his excitement for coding and making things.

But it wasn’t just me out in the NYC public schools this week.

A bunch of Google engineers went out to the schools and helped with the hour of code. Google has developed a K12 CS Ed curriculum called CS First and Stephen Bloch was helping a student do a lesson from that curriculum.

The thing that most excited me this week was to meet all of the NYC public school teachers who have been trained under the NYC CS4All program to teach CS to their students.

This is a photo of a teacher named Ms Calise from Horace Mann, PS90Q in Queens, where a bunch of teachers have taken advantage of the CS4All program to learn how to teach CS skills to their students.

So, needless to say, this week has been very gratifying for me. CS Education is seeping into hundreds of school buildings in NYC and will continue to do so for the next few years until it is in every school building in NYC.

I am so thankful for the generous support of corporations and non-profits like Google, Accenture, Alexandria Real Estate, Hearst, AOL, Two Sigma, Wachtell Lipton, Math For America, Robin Hood, Hutchins Family Foundation, Paulson Family Foundation, and many many others, without whom this work could not happen.

If your company or non-profit wants to join this group and help bring CS to all students in NYC, please email me or leave a comment in this blog post and I will contact you.

Un-Super-Vised

My partner Andy and I were playing with the latest crypto craze, cryptokitties, this weekend and he suggested we sire a USV kitty.

So he contributed a parent from his collection and I contributed a parent from my collection and with the addition of some Ethereum, which I paid from my Coinbase account, we made a new kitty.

Since it is a USV kitty, we asked the USV team to send in name suggestions and Jacqueline won that contest with the wonderful name of Un-Super-Vised.

That’s a handsome cat but the thing I like most is its “lucky stripe.” God knows we need that in the startup business.

In the wake of all that excitement, Jacqueline posted her thoughts on this craze. If you want to know what to make of all of this, I’d suggest giving that a read.

Disqus and Zeta

Today, our portfolio company Disqus, which makes the software that powers the comments on this blog, is announcing that they have joined the Zeta Global empire.

Zeta Global operates the largest independent marketing cloud for enterprises. Zeta competes with companies like Salesforce, Adobe, Oracle, IBM, and others to provide enterprises the marketing services they need to grown and sustain their businesses.

Zeta Global has grown mostly by acquisition and they operate many different businesses that they have bought over the years. They will continue to operate Disqus as an independent service and brand. The Disqus management team have joined the Zeta organization and I will be joining the Zeta Advisory Board in connection with this transaction.

The Zeta management team understands that community is part of the marketing equation and they understand that Disqus powers more communities on the Internet than any other tool, by a wide margin. I expect that Zeta will continue to invest in the Disqus comment system to sustain it as the best community tool out there.

Personally, I am happy that the Disqus founders and team have found a transaction that allows them an exit while finding a good home for the Disqus comment system in the process. They have been building Disqus since the summer of 2007, over ten years. They have done a great job staying focused, winning the market, getting profitable, and now finding a great exit. It has been a pleasure to have a front row seat to that ride.