All posts filed under: News

This is DIGIRAM, the digital telegram – “digigram” – from Silicon Valley. I write on what I consider trends and emerging topics in technology and the Silicon Valley community, I list my personal Silicon Valley tops and flops, and report on events I plan to attend.

Digigram Newsletter of January 2023!

Published by Gert Christen

Welcome back to DIGIGRAM! Thanks to those who read our last issue and inquired about USA Launching Pad and the recent Connected Life class at UC Berkeley. Excited to share that the next USA Launching Pad starts in March, and Connected Life will make a comeback in the fall semester (it was voted the second-most popular startup class at UC Berkeley, woohoo!). 2023 is off to a stormy start – literally! San Francisco just recorded the wettest 22-day period since 1862. It was so wet that it saturated sand dunes, which gave way to drop a world-war II bunker onto the beach below. Looks like a scene from the “1941” movie! Luckily, the sun has finally returned to dry out a soaked California. Photo: “Relocated” bunker at Fort Funston (Source) In this edition of Digigram: #1: MIT & Climate Energy Prize – This long-running competition for student-led climate startups is solving some of the biggest issues facing our environment. Hear from this year’s organizing team about how promising young people from the world’s best universities fight climate change today. #2: …

2023 MIT Climate Energy Prize

Published by Gert Christen

I am thrilled to be working to bring the MIT Climate & Energy Prize competition to Europe this year as a part of my work as senior advisor to McKinsey. This is the largest and longest-running competition among university students to launch companies tackling climate change. Teams compete for $100,000+ in prize money and have access to mentoring and other resources. Founded in 2007, the MIT Climate & Energy Prize has received over 750 applications, offered world-class mentoring to over 260 teams, and granted more than $3.3M in non-dilutive cash prizes. Over 220 MIT Climate & Energy Prize companies have successfully launched and raised $1.7+ billion in follow-on funding. Over 100 startups, including two dozen from Europe’s best universities, applied for this year’s competition. The best climate startups from each continent will be chosen in Paris on March 9 and in Boston on March 16 to compete for the grand prize at MIT in Boston on April 13. If you’re interested in learning more about the competition, you can watch our recent webinar. We welcome volunteers to spend …

Streaming Replacing Cable

Published by Gert Christen

In the June 2021 DIGIGRAM, we made predictions for the consolidation of the entertainment industry in our article “Shapeshifting of Entertainment Ecosystems.” The trends we discussed have only continued as the three largest streaming companies, Netflix, Amazon, and Disney/Hulu, now control over 60% of viewers in the streaming market. Image: A new king of streaming emerged at the end of 2022: Prime Video by Amazon overtook Netflix. (Source) Now Roku, the company best known for making boxes to stream other companies’ content, just unveiled its own television offering at CES. They aren’t first-movers in this category, as Amazon introduced its own line of 4k TVs integrated with Alexa some years ago. However, Roku’s offering demonstrates the ongoing trend of switching from cable TV to streaming first. In mid-2021, streaming accounted for only a fourth of America’s TV viewing time – most streaming was happening on laptops or phones. However, in July 2022, streaming services got more TV viewing time than cable networks for the first time. As cord-cutting continues, 87% of U.S. households had a subscription to a streaming service …

Hybrid Work and San Francisco Commercial Real Estate

Published by Gert Christen

The COVID-19 pandemic has completely shifted the state of work in the country. While many employers are demanding their employees return to the office, workers are seeking much more flexible arrangements. A survey from Gallup in June 2022 found that approximately 56% of full-time employees in the U.S., or more than 70 million workers, say their job can be done remotely. Of those surveyed, 50% were adapting to hybrid work schedules, 30% were exclusively working remotely, and only 20% were working entirely from their office. The same survey found that six out of 10 employees working exclusively remotely are “extremely likely to change companies” if not offered remote flexibility at work. In Silicon Valley, 2-3 days of remote working has emerged as the new normal, with Wednesdays and Thursdays as the days when most employees work at the office. With technology moving in the direction of catering to remote and hybrid employee needs, employees are moving out of more expensive cities in an effort to save money, cut back on commute time, and achieve better work/life balance. If you’ve …

“Connected Life” Startup Class at UC Berkeley

Published by Gert Christen

I just finished teaching my latest course at UC Berkeley, “Connected Life”. In this course, we examined our “always-on” lifestyle and how this expectation of being ever-connected in our social and professional lives continues to develop, especially in a post-COVID world that allows for work via connectivity. We examined connectedness from an entrepreneurial standpoint to solve previously unsolvable problems using apps, data, IoT for machines, AI for decision-making, robotics for automation, and beyond. The course explored practical applications of e.g. 5G-connected smartphones, machines, and sensors, empowering entrepreneurs to solve previously unsolvable problems. For example, a surgeon can now use technology to save patients’ lives on the other side of the world, or anyone can be automatically alerted if a faraway family member needs help. However, questionable uses have also appeared, such as the constant battle to protect private data against illegal use for commercial, political, or criminal gain. The course explored the use of technologies at the foundation of connectivity for people, communities, businesses, factories, and the environment and what happens when there is a lack of equity in …

USA Launching Pad Brings Mitipi to the USA

Published by Gert Christen

For many years startup and scale-up entrepreneurs have asked me about how to enter the US market successfully. As someone who built businesses in the USA before, I’ve experienced firsthand how complicated it can be. Getting noticed, creating messaging that resonates with the American culture, and campaigning and selling in the US are very different than in other countries. It is a very big country, and the biggest problem may be to know where even to start. To navigate these obstacles, I founded USA Launching Pad, which helps foreign companies build their sales in the USA and be more successful more quickly. Our team of experienced American business builders supports entrepreneurs every step of the way with our proven method and our personal networks. This fall, we worked with a cohort of three tech companies to bring them into the US market. One of these companies is Mitipi, who are innovating the home security market by creating a deterrent from burglaries and home invasions. Their first product, KEVIN, is a plug-and-play smart device that simulates sounds and projects images that make …

Digigram Newsletter of December 2022

Published by Gert Christen

Welcome back to DIGIGRAM! After a bit of a hiatus, I am back to give you an update on the latest topics, trends, and stories from Silicon Valley and beyond. A lot has happened in the world over the last year. While a lot of gloom befell the world, there have also been some incredible milestones this year. There is much to celebrate that happened in 2022! For instance, in the last year, we’ve had these incredible technological and scientific breakthroughs: The United States Senate passed a bill to boost domestic chip manufacturing. The law also includes $67 billion to fund research into how to slow down climate change, a new record! I hope that a significant portion will go towards developing climate technologies. A new report found that if the current pace of wind and solar growth continues, the world will meet its climate targets. Switzerland qualified for the last 16 nations at the soccer World Cup. And was promptly eliminated by Portugal – oh well… In this edition of Digigram: #1: Mitipi and KEVIN’s …

Shapeshifting of entertainment ecosystems:

Published by Gert Christen

Content is king! And in TV, the trend clearly shows us moving away from watching traditional channels paid via cable TV and moving towards subscription-based streaming services. Streaming benefitted from COVID with record growth: However, as the competitive battle heats up among the providers, winning new subscribers and preventing existing ones from leaving is becoming harder. As a consequence, providers started looking for more ammunition: attractive content to keep their viewers within their own walled garden longer and to attract new subscribers. A reshuffling of the assets in this industry has begun, and we have a front-row seat to a textbook case of a formerly new industry entering a more mature phase. WarnerMedia TV and Discovery merged to create a new premium mouthful, “pure-play direct-to-consumer entertainment company.” WarnerMedia was previously owned by AT&T, the U.S. telecom provider who, with this move, turned their entertainment assets into an independent business. This spinoff was a glycemic index-busting sweet deal for AT&T, as it received up to $43 billion dollars, which it can now pour into the 5G …