The Briefing by Martin Peers, Jessica Lessin and the team at The Information

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The Briefing

By Martin Peers, Jessica Lessin and the team at The Information

Get smarter about the day’s news in tech, media and finance by following Silicon Valley’s most-read executive newsletter.

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Recent Editions

Couchbase CEO Bob Wiederhold. Photo by Couchbase.

The Mobile Database Race Heats Up

By Steve Nellis · Nov 19, 2015 7:02am PST · 1 comment

If you want to book a flight on Irish airline Ryanair using its mobile app, it now takes a lot less time. The reason: The old version of the app had to ping a server for straightforward information like seat maps or flight schedules, bogging searches down if the connection was slow.The new version of the app runs faster by storing any... If you want to book a flight on Irish airline Ryanair using its mobile app, it now takes a lot...

Square CEO Jack Dorsey. Photo by AP.

Square’s Big Value Gap is in Options

By Alfred Lee · Nov 18, 2015 7:03am PST

When payments company Square prices its initial public offering late Wednesday, there’s sure to be plenty of analysis comparing its new public market valuation with its most recent private valuation of $6 billion. If its preliminary IPO price range is any guide, Square is expected to be worth only about $3.9 billion when it starts trading.... When payments company Square prices its initial public offering late Wednesday, there’s...

Traders on the floor of the NYSE on the day Fitbit went public. Photo by Bloomberg.

Fitbit’s Stock Slump a Lesson for Square

By Alfred Lee · Nov 18, 2015 7:02am PST

When Square starts trading on the public market later this week, how the stock fares will get an enormous amount of attention as a sign of public investors’ attitudes to tech startups. But for investors, founders and employees, it may be more meaningful to think about the share prices at which they can cash out.And that’s not for at... When Square starts trading on the public market later this week, how the stock fares will get an...

Art by Tom Dotan. Photos by Bloomberg. Data by Nielsen.

Tech Executives Make Lousy Guests

By Tom Dotan · Nov 17, 2015 7:01am PST · 3 comments

Art by Tom Dotan. Photos by Bloomberg. Data by Nielsen.

Tech Executives Make Lousy Guests

By Tom Dotan · Nov 17, 2015 7:01am PST · 3 comments

Tech companies like Apple, Snapchat and Netflix may be household names across America, but that doesn’t translate to interest in their top executives—at least when they’re late night talk show guests.Half a dozen top-tier tech executives have appeared on CBS’ new “Late Show with Stephen Colbert” since it... Tech companies like Apple, Snapchat and Netflix may be household names across America, but that...

Photo by Flickr/Sancho McCann

S’More Is Less, Tech Execs Say

By Tom Dotan · Nov 16, 2015 3:31pm PST

Fast Company’s revelation on Monday that Mark Zuckerberg is able to toast a perfect marshmallow while making s‘mores prompted some reaction from fellow tech rivals, as imagined by Tom Dotan.Jack Dorsey: The important thing to recognize here is that s'mores are fundamentally a piece of content. I like to consider myself less a... Fast Company’s revelation on Monday that Mark Zuckerberg is able to toast a perfect...

Tony Fadell. Photo by Bloomberg

Google Glass Successor Dumps Some Glass

By Jessica E. Lessin · Nov 16, 2015 11:26am PST

So much for the screen. We’ve learned that Google's revamped Google Glass project, dubbed Project Aura, is working on a wearable with a screen—and at least one without.People tell us there have been three versions of the head-mounted device in development, although the three may be consolidated into two. One version, targeted at... So much for the screen. We’ve learned that Google's revamped Google Glass project,...

Zirx CEO Sean Behr. Photo by Zirx.

On-Demand Dilemma: Profitability Versus Growth

By Amir Efrati · Nov 16, 2015 7:01am PST · 1 comment

When Zirx, an on-demand valet parking app, raised series B financing in April of this year, it was clear to CEO Sean Behr that a series C round “would never happen without positive unit economics.” In other words, the ability to show profit from each parking job.At the time, Zirx was planning to double the number of cities where it... When Zirx, an on-demand valet parking app, raised series B financing in April of this year, it...

The Information You Missed This Week

By The Information Staff · Nov 14, 2015 8:01am PST

The Weekly Digest

The Information You Missed This Week

By The Information Staff · Nov 14, 2015 8:01am PST

Good Morning! More signs this week that the narrative in tech has turned negative. Twitter’s brief post-Dorsey stock rally has dissipated and the stock is back below its IPO price. And then there’s the private tech sector’s much-publicized issues, including new reports of mutual fund writedowns. Good Morning! More signs this week that the narrative in tech has turned negative....

The Information’s 411 - Bedlam

By Tom Dotan · Nov 13, 2015 2:21pm PST

It was a tough week for the public’s view of private tech companies. A spate of stories came out about mutual funds marking down the value of their holdings in big private tech firms like Snapchat and Zenefits. It was the topic of Jessica’s column this week and as she explained on the podcast, there’s a much more nuanced... It was a tough week for the public’s view of private tech companies. A spate of stories...

The Mystery and Myths of Mutual Fund Markdowns

By Jessica E. Lessin · Nov 13, 2015 7:20am PST · 2 comments

“It’s like we went public without even knowing it.”I heard this sentiment from leaders of major private tech companies this week, as mutual funds grabbed headlines for marking down Snapchat, Blue Bottle and other massive private tech companies. All of a sudden these founders, who have been hell-bent on staying out of the public... “It’s like we went public without even knowing it.”I heard this sentiment from...

Microsoft cloud and enterprise group evp Scott Guthrie. Photo by Bloomberg.

Eyeing AWS, Microsoft Hunts for Data Center Space

By Steve Nellis · Nov 12, 2015 7:01am PST

Microsoft is looking to lease a big chunk of data center space to bolster its Azure cloud computing service in Silicon Valley, in an effort to catch up to its biggest rival, Amazon Web Services.Microsoft is in talks with data center companies Digital Realty and Vantage Data Centers to lease more than 10 megawatts of capacity in the San Francisco... Microsoft is looking to lease a big chunk of data center space to bolster its Azure cloud...

Photo by AP.

VCs’ Message: Winter is Coming

By Steve Nellis and Reed Albergotti · Nov 11, 2015 11:51am PST

Photo by AP.

VCs’ Message: Winter is Coming

By Steve Nellis and Reed Albergotti · Nov 11, 2015 11:51am PST

At Andreessen Horowitz’s annual summit last week, the venture firm invited its portfolio companies to listen to a series of pep talks from the likes of Golden State Warriors player Andre Iguodala. The event also featured a fireside chat between Amazon.com CEO Jeff Bezos and Marc Andreessen.But on the sidelines, not all the chatter was... At Andreessen Horowitz’s annual summit last week, the venture firm invited its portfolio...

Google's director of Android engineering, David Burke. Photo by Bloomberg.

The Case Against a Google Phone

By Amir Efrati · Nov 11, 2015 7:01am PST · 5 comments

Whether to build a phone from scratch and sell it directly to consumers is a matter of debate inside of Google, as we reported on Tuesday. Given the risks of such a move and the low chance of success, it seems a bad idea for Google to pull the trigger.Among the issues: Google could alienate its handset maker partners, like Samsung or Huawei, by... Whether to build a phone from scratch and sell it directly to consumers is a matter of debate...

Google CEO Sundar Pichai at Mobile World Congress earlier this year. Photo by Bloomberg.

Google Discussing Building Phone

By Amir Efrati and Jessica E. Lessin · Nov 10, 2015 12:26pm PST · 1 comment

About one year after selling Motorola, executives inside Google are once again discussing whether to build an Android phone from scratch.People who work at Google say there is debate and discussion about the topic right now—as there is with myriad ideas at “Googphabet,” one of the many internal nicknames for the new... About one year after selling Motorola, executives inside Google are once again discussing whether...

Source: CrunchBase

When Startups Don’t Raise

By Steve Nellis and Peter Schulz · Nov 10, 2015 7:02am PST · 4 comments

A mark of a growing company is a need to raise fresh funds to help finance expansion. Even when they’re making money, companies that have raised in the past tend to do so again to take advantage of higher valuations. By the same token, companies that haven’t raised money in a couple of years could be in trouble.To get a sense of some... A mark of a growing company is a need to raise fresh funds to help finance expansion. Even when...

Art by Sam Lessin

The New Winners and Losers in the Boredom Market

By Sam Lessin · Nov 9, 2015 10:01am PST · 6 comments

Art by Sam Lessin

Modest Proposals

The New Winners and Losers in the Boredom Market

By Sam Lessin · Nov 9, 2015 10:01am PST · 6 comments

Imagine trying to size the total number of hours people are mentally under-engaged each year. Let’s talk about it as the total boredom market—the fastest growing and most competitive part of the media world.It’s the market that apps like Facebook, Instagram, Snapchat and Twitter have seized control of. But that’s only... Imagine trying to size the total number of hours people are mentally under-engaged each year....

Chris Wanstrath, CEO of GitHub, which uses a bot to help run its business. Photo by Bloomberg.

State of the Business Bot Economy

By Steve Nellis · Nov 9, 2015 7:01am PST · 2 comments

Ade Olonoh runs a startup called Formstack, which makes software for building web forms. But in recent months he’s launched another product that’s totally different—Flock, a so-called “bot” that hops around in his company’s chat program to gather information from team members about what they’re working... Ade Olonoh runs a startup called Formstack, which makes software for building web forms. But in...

Larry Page, CEO of Google's parent Alphabet. Photo by Bloomberg.

The Weekly Digest

The Information You Missed This Week

By The Information Staff · Nov 7, 2015 8:02am PST

Good Morning! What with news on Square’s hoped-for IPO price range, Facebook’s stellar earnings and Activision’s purchase of King Digital Entertainment, November is already shaping up to be a big month. Good Morning! What with news on Square’s hoped-for IPO price range, Facebook’s...

The Information's 411

The Information’s 411 - Ad Stars

By Tom Dotan · Nov 6, 2015 1:29pm PST

Despite the greatest efforts of tech companies, ads don’t sell themselves. They need people to bridge the gap between digital technology, advertising and media. As Tom explains on this week’s podcast, these people are often behind-the-scenes types who typically don’t get much publicity. But they’re playing a crucial role,... Despite the greatest efforts of tech companies, ads don’t sell themselves. They need people...

Why Apps Are Getting Complicated Again

By Jessica E. Lessin · Nov 6, 2015 8:01am PST · 1 comment

Why Apps Are Getting Complicated Again

By Jessica E. Lessin · Nov 6, 2015 8:01am PST · 1 comment

The bloated app is back and, with it, new business realities.Over the past year or so, apps have gotten skinny. Facebook cleaved off Messenger and launched more standalones like Moments. Foursquare split into two, and others followed. As many have pointed out, the unbundling has been driven by the fact there’s just less real estate on... The bloated app is back and, with it, new business realities.Over the past year or so, apps have...