Need to resize a video for IGTV? Add subtitles for Twitter? Throw in sound effects for YouTube? Or collage it with other clips for the Instagram feed? Kapwing lets you do all that and more for free from a mobile browser or website. This scrappy new startup is building the vertical video era’s creative suite full of editing tools for every occasion.
Pronounced “Ka-pwing,” like the sound of a ricocheted bullet, the company was founded by two former Google Image Search staffers. Now after six months of quiet bootstrapping, it’s announcing a $ 1.7 million seed round led by Kleiner Perkins.
Kapwing hopes to rapidly adapt to shifting memescape and its fragmented media formats, seizing on opportunities like creators needing to turn their long-form landscape videos vertical for Instagram’s recently launched IGTV. The free version slaps a Kapwing.com watermark on all its exports for virality, but users can pay $ 20 a month to remove it.
While sites like Imgur and Imgflip offer lightweight tools for static memes and GIFs, “the tools and community for doing that for video are kinda inaccessible,” says co-founder and CEO Julia Enthoven. “You have something you install on your computer with fancy hardware. You should able to create and riff off of people,” even if you just have your phone, she tells me. Indeed, 100,000 users are already getting crafty with Kapwing.
“We want to make these really relevant trending formats so anyone can jump in,” Enthoven declares. “Down the line, we want to make a destination for consuming that content.”
Enthoven and Eric Lu both worked at Google Image Search in the lauded Associate Product Manager (APM) program that’s minted many future founders for companies like Quip, Asana and Polyvore. But after two years, they noticed a big gap in the creative ecosystem. Enthoven explains that “The idea came from using outdated tools for making the types of videos people want to make for social media — short-form, snackable video you record with your phone. It’s so difficult to make those kinds of videos in today’s editors.”
So the pair of 25-year-olds left in September to start Kapwing. They named it after their favorite sound effect from the Calvin & Hobbes comics when the make-believe tiger would deflect toy gunshots from his best pal. “It’s an onomatopoeia, and that’s sort of cool because video is all about movement and sound.”
After starting with a meme editor for slapping text above and below images, Kapwing saw a sudden growth spurt as creators raced to convert landscape videos for vertical IGTV. Now it has a wide range of tools, with more planned.
The current selection includes:
- Meme Maker
- Multi-Video Montage Maker
- Video Collage
- Video Filters
- Image To Video Converter
- Add Overlaid Text To Video
- Add Music To Video With MP3 Uploads
- Resize Video
- Reverse Video
- Loop Video
- Trim Video
- Mute Video
- Stop Motion Maker
- Sound Effects Maker
Kapwing definitely has some annoying shortcomings. There’s an 80mb limit on uploads, so don’t expect to be messing with much 4K videos or especially long clips. You can’t subtitle a GIF, and the meme maker flipped vertical photos sideways without warning. It also lacks some of the slick tools that Snapchat has developed, like a magic eraser for Photoshopping stuff out and a background changer, or the automatic themed video editing found in products like Google Photos.
The No. 1 thing it needs is a selective cropping tool. Instead of letting you manually move the vertical frame around inside a landscape video so you always catch the action, it just grabs the center. That left me staring at blank space between myself and an interview subject when I uploaded this burger robot startup video. It’s something apps like RotateNFlip and Flixup already offer. Hopefully the funding that also comes from Shasta, Shrug Capital, Sinai, Village Global, and ZhenFund will let it tackle some of these troubles.
Beyond meme-loving teens and semi-pro creators, Kapwing has found an audience amongst school teachers. The simplicity and onscreen instructions make it well-suited for young students, and it works on Chromebooks because there’s no need to download software.
The paid version has found some traction with content marketers and sponsored creators who don’t want a distracting watermark included. That business model is always in danger of encroachment from free tools, though, so Kapwing hopes to also become a place to view the meme content it exports. That network model is more defensible if it gains a big enough audience, and could be monetized with ads. Though it will put it in competition with Imgur, Reddit and the big dogs like Instagram.
“We aspire to become a hub for consumption,” Enthoven concluded. “Consume, get an idea, and share with each other.”
Centralized crypto exchanges like Coinbase are easy but expensive because they introduce a middleman. Not-for-profit project 0x allows any developer to quickly build their own decentralized cryptocurrency exchange and decide their own fees. It acts like Craigslist, connecting traders without ever holding the tokens itself. And instead of having to bootstrap their way to enough users trading tokens on their app alone so that there’s liquidity, 0x offers cross-platform liquidity between users on the different projects it powers.
The problem is the user experience of decentralized apps is often crappy compared to the consumer apps we’re used to across the rest of tech. From sign-in to recovering accounts to conducting transactions, it’s a lot more complicated than Facebook Login, PayPal, or Shopify. Bitcoin and Ethereum prices remain well below half their peaks because it’s difficult to do much with cryptocurrency right now. Until the decentralized infrastructure improves, the dreams of how blockchains can improve the world remain distant.
0x is trying to fix that by ensuring developers all don’t have to reinvent the exchange wheel.
It began as a for-profit exchange before the team recognized the massive usability gap. So instead it became a decentralized exchange protocol, and raised $ 24 million in an ICO for its ZRX token. That’s how relayers — the apps who use it to build exchanges for ERC20 tokens atop the Ethereum blockchain — can charge fees. It also gives those who collect the most a say in the governance of the protocol.
Some of the top projects on 0x like Augur and Dydx are going strong. Last week Coinbase announced it was exploring whether it might list ZRX and several other currencies for trade on its exchange, helping perk up the price after declines since the new year.
Now 0x is putting some of its $ 24 million to work. It just hired former Facebook designer Chris Kalani to help it improve the usability of its APIs and the products built on top of them. His skills helped Facebook embrace mobile around its 2012 IPO. He then built Wake, raising $ 3.8 million for the design prototype sharing tool that let teams get instant feedback on their works-in-progress. Kalani sold Wake to design platform InVision in April, and after a few months assisting the transition, he’s joined 0x.
“There are very few designers involved in the [blockchain] space” Kalani tells me. “There’s not a lot of people who had worked on anything at a large-scale or from the consumer perspective. We’re focused on making crypto more approachable.”
Sustaining a crypto not-for-profit
After talking to four leaders in different parts of the blockchain industry, the consensus was that 0x was an elegant protocol for spawning decentralized exchanges. But the question kept coming up about whether the project will be sustainable. The company doesn’t have to earn enormous amounts of revenue, but concerns about its longevity could scare away developers. One, who asked to remain anonymous, described 0x saying, “the best analogy is trying to monetize Linux.”
0x is open source, so it could be forked so developers can sidestep ZRX. 0x hopes that the shared liquidity feature will keep developers in line. It only works with the unforked version, and is now being used by 0x-powered projects, including Radar Relay, ERC dEX, Shark Relay, Bamboo Relay and LedgerDex.
While some centralized exchanges have suffered security troubles and hacks, those with stronger records like Coinbase continue to thrive while banking off high fees. That in turn lets them offer better liquidity and invest more in the user experience, widening the gap versus decentralized apps. “People trust Coinbase with large amounts of capital but they wouldn’t trust themselves,” Kalani admits. But he thinks it’s early in the game, and as users become more knowledgeable and comfortable with holding their own tokens for use on decentralized exchanges, 0x and ZRX will thrive.
There’s also competition within the decentralized exchange space from Kyber’s liquidity network, and AirSwap’s peer-to-peer exchange marketplace. But for any of these to thrive, the mainstream crypto owner will have to get better educated. That could fall to 0x.
One alternative path for the not-for-profit would be selling developer services and consulting to those building on top of it. Or it could always do another ICO. But for now, there are a lot of projects out there that don’t want to foot the upfront cost to build their own secure and compliant exchange from scratch. Kalani concludes, “The way Stripe allowed developers and businesses to build on top of it, and not have to worry about regulatory issues and all the infrastructure necessary to take payments, I think 0x is going to do something similar with exchanges for crypto.”
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Startups making delivery and transport easier than ever are a hit with venture capitalists, so it’s not a surprise that young tech companies delivering home staples — living room sets, dining room tables, couches and more — are raising big dollars.
From 2010 through 2017, venture investors have outfitted U.S.-based furniture startups with a little over $ 1.1 billion in funding across 96 known rounds. But that funding has not been spread equally over time, as the following chart shows:
Total dollars funneled into U.S.-based furniture startups, according to Crunchbase, hit an all-time high of $ 432.7 million across 12 rounds in 2011. Wayfair, an e-commerce site dedicated to selling furniture, raised a significant $ 165 million Series A that year, accounting for more than a third of the total deal volume.
But while funding hasn’t surpassed 2011 levels, from that year through 2015, round counts steadily climbed. During this period, investments into seed and early-stage startups made up more than 70 percent of known deals.
Whether or not this cohort of seed and early-stage startups will act as fodder for late-stage investors is not yet clear. Before that happens, Stephen Kuhl thinks that there’s more work to be done.
Kuhl, the CEO of Burrow, a company that sells furniture over the internet, told Crunchbase News that “selling traditional furniture made in China or Mexico isn’t innovative, and as such we wouldn’t expect to see a lot of venture funding.” But that doesn’t mean that venture interest in the sector is doomed. Kuhl added that “a new company has to offer a unique product, experience and brand that is altogether [10 times] better than traditional offerings. Expect the money to follow the new brands that truly shake up the status quo.”
That may bear out. The funding data we examined tells one particular story: venture money has shown a preference for delivery and a consumer that doesn’t easily call the place they live in “home.”
Deliver, don’t move, furniture
For city dwellers, modular, utilitarian couches are taking hold. And it’s increasingly clear you don’t have to leave your couch to purchase one.
Let’s return to Burrow, which has raised a total of $ 19.2 million, according to Crunchbase. The startup has created a modular couch built for those who live in dense urban environments and may move often.
“Our customers are reflective of larger trends in the market. They’re more likely to be renters rather than homeowners,” Kuhl explained. “They’re likely to move multiple times over the course of a few years, and they crave thoughtful, high-quality goods.”
To account for this new type of customer, Burrow delivers each section of the couch in distinct packages. Burrow claims on its website that its direct to consumer business model and its ability to ship parts of couches, rather than one whole couch, removes “over 70 [percent] of standard shipping costs.” The couch also includes modern amenities such as a USB charger, and Burrow has also “launched an AR app that helps customers visualize a Burrow in their home,” according to Kuhl.
However, Burrow isn’t completely eschewing the showroom as part of its selling strategy. In a podcast interview with TotalRetail, Kuhl noted that the startup has “partner showrooms” in co-working spaces and other retail locations in more than 20 cities.
Of course, while modular design is helpful for city dwellers, there are those who enjoy a bit more of a personal twist. Interior Define, a Chicago-based startup, has raised $ 27.2 million to offer direct to consumer couches and dining room sets. And, according to Interior Define’s founder Rob Royer, its appeal is being driven by a new breed of consumers who are interested in brands that have “an authentic mission, deliver on a promised experience, and offer a real value proposition (not just a lower price).”
That said, both of these options still require that the furniture be owned — an unnecessary burden if you move often or just like fresh looks without the commitment. Through Feather, customers can subscribe to a whole living room, bedroom or dining room for as low as $ 35 a month. According to Crunchbase, the New York-based startup has raised $ 3.5 million from established venture firms such as Y Combinator and Kleiner Perkins.
There are also startups looking to simply help brands sell more furniture by using artificial intelligence and augmented reality. One such startup, Grokstyle, has raised $ 2.5 million for an app that identifies furniture by image as well as style and pricing preferences.
In general, streets, kitchens and even front doors are being claimed by venture-backed startups. What you sit on might as well be paid for, in part, by venture capitalists, too.
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That’s why we’re announcing Google Measurement Partners, a program that brings together new and existing partnerships to offer brands a variety of options to measure their advertising media.
The program is launching with 20+ verified partners across seven specializations: viewability, reach, brand safety, brand lift, sales lift, app attribution, and marketing mix modeling. Partners offer various solutions that work across Google advertising products, including Google Marketing Platform (including Display & Video 360 and Search Ads 360), Google Ads, YouTube, and more. Existing partner programs like App Attribution and Marketing Mix Modeling are now included in Google Measurement Partners.
Our launch partners are recognized leaders within their focus areas and provide solutions widely used by the industry. They meet rigorous standards for accuracy and use reliable methodologies to measure KPIs that matter for marketers. And we work closely with them to ensure the solutions respect user privacy.
With trust and transparency at its foundation, Measurement Partners continues our commitment to providing both quality and choice when it comes to measuring performance and helping marketers better understand their customers. Alongside our partners, we’ll keep working to establish commonly accepted standards and advanced measurement solutions that help raise the bar for the industry.
Posted by Babak Pahlavan, Senior Director of Product Management, Analytics Solutions and Measurement
Alex Jones’ Infowars is a fake news-peddler. But Facebook deleting its Page could ignite a fire that consumes the network. Still, some critics are asking why it hasn’t done so already.
This week Facebook held an event with journalists to discuss how it combats fake news. The company’s recently appointed head of News Feed John Hegeman explained that, “I guess just for being false, that doesn’t violate the community standards. I think part of the fundamental thing here is that we created Facebook to be a place where different people can have a voice.”
In response, CNN’s Oliver Darcy tweeted: “I asked them why InfoWars is still allowed on the platform. I didn’t get a good answer.” BuzzFeed’s Charlie Warzel meanwhile wrote that allowing the Infowars Page to exist shows that “Facebook simply isn’t willing to make the hard choices necessary to tackle fake news.”
Facebook’s own Twitter account tried to rebuke Darcy by tweeting, “We see Pages on both the left and the right pumping out what they consider opinion or analysis – but others call fake news. We believe banning these Pages would be contrary to the basic principles of free speech.” But harm can be minimized without full-on censorship.
There is no doubt that Facebook hides behind political neutrality. It fears driving away conservative users for both business and stated mission reasons. That strategy is exploited by those like Jones who know that no matter how extreme and damaging their actions, they’ll benefit from equivocation that implies ‘both sides are guilty,’ with no regard for degree.
Instead of being banned from Facebook, Infowars and sites like it that constantly and purposely share dangerous hoaxes and conspiracy theories should be heavily down-ranked in the News Feed.
Effectively, they should be quarantined, so that when they or their followers share their links, no one else sees them.
“We don’t have a policy that stipulates that everything posted on Facebook must be true — you can imagine how hard that would be to enforce,” a Facebook spokesperson told TechCrunch. “But there’s a very real tension here. We work hard to find the right balance between encouraging free expression and promoting a safe and authentic community, and we believe that down-ranking inauthentic content strikes that balance. In other words, we allow people to post it as a form of expression, but we’re not going to show it at the top of News Feed.”
Facebook already reduces the future views of posts by roughly 80 percent when they’re established as false by its third-party fact checkers like Politifact and the Associated Press. For repeat offenders, I think that reduction in visibility should be closer to 100 percent of News Feed views. What Facebook does do to those whose posts are frequently labeled as false by its checkers is “remove their monetization and advertising privileges to cut off financial incentives, and dramatically reduce the distribution of all of their Page-level or domain-level content on Facebook.”
The company wouldn’t comment directly about whether Infowars has already been hit with that penalty, noting “We can’t disclose whether specific Pages or domains are receiving such a demotion (it becomes a privacy issue).” For any story fact checked as false, it shows related articles from legitimate publications to provide other perspectives on the topic, and notifies people who have shared it or are about to.
But that doesn’t solve for the initial surge of traffic. Unfortunately, Facebook’s limited array of fact checking partners are strapped with so much work, they can only get to so many BS stories quickly. That’s a strong endorsement for more funding to be dedicated to these organizations like Snopes, preferably by even keeled non-profits, though the risks of governments or Facebook chipping in might be worth it.
Given that fact-checking will likely never scale to be instantly responsive to all fake news in all languages, Facebook needs a more drastic option to curtail the spread of this democracy-harming content on its platform. That might mean a full loss of News Feed posting privileges for a certain period of time. That might mean that links re-shared by the supporters or agents of these pages get zero distribution in the feed.
But it shouldn’t mean their posts or Pages are deleted, or that their links can’t be opened unless they clearly violate Facebook’s core content policies.
Why downranking and quarantine? Because banning would only stoke conspiratorial curiosity about these inaccurate outlets. Trolls will use the bans as a badge of honor, saying, “Facebook deleted us because it knows what we say is true.”
They’ll claim they’ve been unfairly removed from the proxy for public discourse that exists because of the size of Facebook’s private platform.
What we’ll have on our hands is “but her emails!” 2.0
People who swallowed the propaganda of “her emails”, much of which was pushed by Alex Jones himself, assumed that Hillary Clinton’s deleted emails must have contained evidence of some unspeakable wrongdoing — something so bad it outweighed anything done by her opponent, even when the accusations against him had evidence and witnesses aplenty.
If Facebook deleted the Pages of Infowars and their ilk, it would be used as a rallying cry that Jones’ claims were actually clairvoyance. That he must have had even worse truths to tell about his enemies and so he had to be cut down. It would turn him into a martyr.
Those who benefit from Infowars’ bluster would use Facebook’s removal of its Page as evidence that it’s massively biased against conservatives. They’d push their political allies to vindictively regulate Facebook beyond what’s actually necessary. They’d call for people to delete their Facebook accounts and decamp to some other network that’s much more of a filter bubble than what some consider Facebook to already be. That would further divide the country and the world.
When someone has a terrible, contagious disease, we don’t execute them. We quarantine them. That’s what should happen here. The exception should be for posts that cause physical harm offline. That will require tough judgement calls, but knowing inciting mob violence for example should not be tolerated. Some of Infowars posts, such as those about Pizzagate that led to a shooting, might qualify for deletion by that standard.
Facebook is already trying to grapple with this after rumors and fake news spread through forwarded WhatsApp messages have led to crowds lynching people in India and attacks in Myanmar. Peer-to-peer chat lacks the same centralized actors to ban, though WhatsApp is now at least marking messages as forwarded, and it will need to do more. But for less threatening yet still blatantly false news, quarantining may be sufficient. This also leaves room for counterspeech, where disagreeing commenters can refute posts or share their own rebuttals.
Few people regularly visit the Facebook Pages they follow. They wait for the content to come to them through the News Feed posts of the Page, and their friends. Eliminating that virality vector would severely limit this fake news’ ability to spread without requiring the posts or Pages to be deleted, or the links to be rendered unopenable.
If Facebook wants to uphold a base level of free speech, it may be prudent to let the liars have their voice. However, Facebook is under no obligation to amplify that speech, and the fakers have no entitlement for their speech to be amplified.
Image Credit: Getty – Tom Williams/CQ Roll Call, Flickr Sean P. Anderson CC
The Opera Android browser will soon be able to hold your cryptocurrencies. The system, now in beta, lets you store crypto and ERC20 tokens in your browser, send and receive crypto on the fly, and secures your wallet with your phone’s biometric security or passcode.
You can sign up to try the beta here.
The feature, called Crypto Wallet, “makes Opera the first major browser to introduce a built-in crypto wallet” according to the company. The feature could allow for micropayments in the browser and paves the way for similar features in other browsers.
From the release:
We believe the web of today will be the interface to the decentralized web of tomorrow. This is why we have chosen to use our browser to bridge the gap. We think that with a built-in crypto wallet, the browser has the potential to renew and extend its important role as a tool to access information, make transactions online and manage users’ online identity in a way that gives them more control.
In addition to being able to send money from wallet to wallet and interact with Dapps, Opera now supports online payments with cryptocurrency where merchants support exists. Users that choose to pay for their order using cryptocurrency on Coinbase Commerce-enabled merchants will be presented with a payment request dialog, asking them for their signature. The payment will then be signed and transmitted directly from the browser.
While it’s still early days for this sort of technology it’s interesting to see a mainstream browser entering the space. Don’t hold your breath on seeing crypto in Safari or Edge but Chrome and other “open source” browsers could easily add these features given enough demand.