Subject: For 1776 Members: Axios Login, Tuesday, May 23
From: "Ina Fried" <[email-masked]>
To: <[email-masked]>
Date: Tue, 23 May 2017 09:45:05 -0400 (EDT)

Carmakers' aim: avoid being the next Nokia, tech companies hail Supreme =ourt patent ruling, and a chat with Revolution's Murray

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Welcome back to the second of a two-part special edition of the Challeng= Cup
newsletter! You’re receiving this because you’re signed up for =hallenge Cup’s
email list and we wanted to do a little something special with Axios to sig=al the start
of this year’s Challenge Cup events.

1776’s Challenge Cup, produced in partnership with Revolution, bri=gs together
startups from around the world poised to solve complex challenges in regula=ed industries
and emerging technologies. Over the past four years the program has gone to=over 60 cities
across six continents; 4,000 startup applicants; and 1,800 pitches globally=while deploying
over $1 million in capital.

Congratulations to Mobile Passport, the winning startup in last night&rs=uo;s Challenge Cup.
1776 and Revolution wish you good luck as you advance to the Challenge Cup =inals in November.

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By Ina Fried = ·May 23, 2017

Ina Fried from Axios here. Thanks again for letting me in your inbox. We ho=e you are enjoying Login. A friendly reminder that if you want to keep get=ing Login you HAVE to sign-up=here. If not, this is goodbye, and we hate goodbyes.

Marc Andreessen voices the car industry's big fear: becoming Nokia

The biggest concern among many carmakers isn't that they will lose groun= to an auto industry rival. It's that all the companies that build cars wi=l become like the companies that manufacture cell phones: hollowed-out she=ls that cede most of the value to software makers like Apple and Google.
"Car CEOs, the new generation, they're all working on this," venture c=pitalist Marc Andreessen told=Bloomberg View. "They're spending a lot of time out here and they're s=ending a lot of time with us. But literally, the way they frame that quest=on is, 'We, existing car company, do not want to be the Nokia of cars.' "<=p>
It's definitely an outcome that worried just-ousted Ford CEO Mark Fields. In=a 2015 interview Fields told me he wo=ried about ceding too much room in the car to Apple and Google.

=At the end of the day we don't want to end up as the handset business," he=said.

Ina has more here

Revolution's Murray on impact of Snap IPO, SoftBank's VisionFund

Daniel Swartz

Steve Murray spent 20 years at SoftBank before joining Revolution last y=ar. He and Kim chatted onstage last night during the D.C. kickoff event fo= 1776's 75-city Challenge Cup. Here are a couple of highlights:

On the impact of Snap's IPO:

"From what I hear =rom folks in the investment banking community, it has led to a pipeline th=t is moving through the system (and) they expect the second half of this y=ar to have a lot more activity on the tech IPO front. As companies mature =nd get bigger, to the extent there are not a lot of chances to go public b=cause of market conditions, it changes the dynamic with respect to buyers.=If you have a credible threat to take a company public, it gives more bala=ced leverage to the company when they're having discussions about being ac=uired by someone else or going public."

On =oftBank's new $93 billion VisionFund:

"You can't t=lk about anything with respect to Softbank without Masayoshi Son. If you t=ink about what he's trying to do, he's trying to find the next Alibabas, i= you will…. Masa is a huge believer in technology. He sees huge op=ortunities going forward. He's created this fund to have patient capital t=at doesn't have quite the same demands (for quick) return...They're going =o have to find certain companies that can take the kind of capital they ca= deploy — $250 million will be a small check for them. I think it =ill be a challenge to deploy that. If it was being managed by someone othe= than Masa, I'd bet against it perhaps, but I wouldn't bet against him."
Kim has more here.

<=p>

Facebook drives lifestyle news traffic while Google boosts business and spo=ts

Data: Parse.ly; Chart: Lazaro Gamio / Axios

Facebook and Google, which together drive the majority of web traffic on the i=ternet, send traffic to different topics, research from digital analytics company Par=e.ly shows. Facebook overwhelmingly drives lifestyle and entertainment new= traffic, while Google largely drives business, tech and sports news traff=c. When it comes to politics, Facebook is more likely to refer readers to =residential political stories, while Google is more likely to refer to sto=ies about state and local politics, Sara rep=rts.

Why it matters: The combined size of Googl= and Facebook make nearly it nearly impossible for web publishers to reach=an audience without their help. But even though they rely on them for traf=ic, research

Supreme Court ruling in patent case means fewer trips to Texas

Historically, companies seeking to make patent infringement claims have =locked to Tyler, Texas, which is home of the federal court for the Eastern=District of Texas. That court, home to a third of all patent suits last ye=r, was seen as having rules particularly friendly toward those filing suit= However, a Supreme Court ruling on Monday tightened the rules on where pa=ent claims can be filed.

"The Supreme Court's unanimous decision se=ds a strong message to patent trolls: knock it off," Consumer Technology A=sociation CEO Gary Shapiro said in a statement, echoing similar sentiments=from all the big tech industry trade groups (ACT, CCIA, BSA, etc.). "Now s=all and medium-sized businesses have a fairer chance of fighting against b=gus patent extortion attempts."

The bottom line:
For more industry reaction, check o=t .

Take note

On tap: The JP Morgan Technology Media and Telecom Conf=rence continues through Wednesday in Boston...Postmates CEO Bastian Lehman= testifies before the House Energy & Commerce's digital commerce subco=mittee at a hearing on the impact of =n-demand platforms and automation on delivery services.

=rading places: Twitter hired former Bloomberg video executive Tod= Swidler to run the company's live video partnership effo=ts...Coleman Mehta has joined Palo Alto Networks as senior director fo= U.S. Policy, having served as legislative affairs director at the Nationa= Security Council under both the Trump and Obama administrations...Java cr=ator James Gosling is joining Amazon's AWS as a distinguished enginee=; Also joining AWS is Richard Kerris, a tech industry veteran who has prev=ously worked at Apple, HP and Nokia, among other companies.

=CYMI: Twitter has "kicked around"=the idea of a paid premium service, CEO Jack Dorsey said at the compan='s annual shareholder meeting...CNET looks at the increasingly common Sili=on Valley practice of offering egg freezing as part of company benefits.

After you Login

There was once a Monty Python video game. Dubbed Monty Python's Complete=Waste of Time, it came out in 1994 for Mac, Windows, and DOS. You can stil= , or check out this YouTube video to see the gameplay in action.

Thanks, as always, for reading. Btw, our own David McCabe is =n the Bay area this week. Drop him a line at [email-masked] to say hi.

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