Benedict's
Newsletter

This is a weekly newsletter of what I've seen in tech and thought was interesting. I work at Andreessen Horowitz.

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✏️ My blog posts

Cameras that understand: portrait mode and Google Lens. Link

🗞 News

Amazon bought Eero, one of the leading startups selling mesh wifi access points for the home (you put multiple units throughout the house, which automatically connect to each other, giving better coverage). Amazon bought Ring last year, and obviously already has Alexa: Amazon is building a strategy around connecting and controlling devices in your home, perhaps for prosaic things like letting in delivery people, but more fundamentally because Amazon wants to plumb your home for Prime - to own the last ten yards of physical distribution. Link

Amazon has launched a private label cosmetics label. There is no product that people will not buy online. Meanwhile Amazon is systematically working its way through every part of the retail strategy book from the last century, including, yes, private labels. Link

FedEx will try to help retailers compete with Amazon with next-day delivery. Fedex and UPS are obviously nervous of Amazon's moves into last-mile delivery. Meanwhile any brand selling online has to match as much of Amazon's logistics offer as possible (but without putting themselves in Amazon's hands), but it's really hard to do this without Amazon's scale - Fedex might help, but still doesn't have the integrated, start-from-zero model. On the other hand, the more that e-commerce moves from commodity products to experience, the more that vendors want to own the logistics and deliver a unique, un-Amazon experience - the commodity brown Amazon box doesn't work as well.  Link

With Amazon and a bunch of startups working on unmanned retail checkout, Walmart says they gave up because they couldn't solve the theft problem. Link

The New York Times now has more revenue from digital - mostly the pay wall - than print. Remember when a pay wall was an obviously stupid idea? Link

It appears that US mobile operators have been extremely lax in how they sold access to location data, with almost anyone (including random 'bounty hunters' - yes, these still exist in the USA, in the 21st century) able to track anyone they wanted. Link

Angela Ahrendts, Apple's head of retail, is leaving after 5 years. Link

Spotify is buying two podcasting companies, Gimlet Media and Anchor. Podcasts (and email newsletters) are taking off in a big way and Spotify is both diversifying beyond music per se and trying to get more direct control of content. Link

In case you missed it: Jeff Bezos and the National Enquirer. Link

🔮 Reading 

Google is now doing 'federated' machine learning: training global models based on data that never leaves your phone. Link

The UK government has published a review (The "Cairncross Review') on the economics of the online news business, with particular focus on the competitive dynamics of online advertising. Link

Good status update on VR from Oculus. Link

How DTC brands see the purpose of stores ('rent is the new marketing'). Link

Analytics in fashion. Link

How criminals work around the security intended to make a stolen iPhone unusable: from bribing Apple employees to demanding passwords at gunpoint. Link

Useful framework from Ericsson on IoT. Link

Joi Ito on the risks of machine learning (especially where poorly-understood) perpetuating existing biases. Link

a16z's Frank Chen on the state of AI. Link

a16z: 16 Mini-Lessons for Startup Founders. Link

Useful Credit Suisse primer on the mechanics and economics of share buybacks: how they work, how they're different to dividends and how they're the same, and how a company chooses which and whether to do. Link

Intriguing essay on light switches. Tech that works disappears. Link

Research on the importance, meaning (and over-hype) of 'fake news'. Link

Ex-Cons Create ‘Instagram for Prisons’ Link

😮 Cool things of the week

This week's superhero movie has a fun website that pays homage to the web of the mid 1990s. Link

The BBC archive has the best vox pop ever. Link

ColouriseSG, a nice ML-based project: upload your old family photos and it will face a go at colourising them. Very good results, mostly. Link

📊 Statistics

Okta's annual survey of business apps. A good sample of what tech-forward companies are using. Link

Apparently Amazon is now spending as much on advertising and marketing as P&G or Unilever. Link 

Qualitative Ofcom study of what UK children are watching and why. Link

The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment. Please also see https://a16z.com/disclosures.

All views contained herein are my own and do not represent the views of AH Capital Management ("a16z" or “Andreessen Horowitz”) or any a16z affiliate.
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