Technology

We&re just hours away from Applebig iPhone event and it looks like the company may have leaked its own news. AllThings.how spotted the names of future Apple products on Apple own website.

According to AllThings.how, Apple updated the product sidemap file minutes before taking the Apple Store down to add the new product pages. And this sitemap pointed to pages of unreleased products.

In particular, you could see links to products pages for the iPhone Xs, the iPhone Xs Max and the iPhone Xr. It lines up with previous rumors.

According to previous rumors, Apple is going to update the iPhone X with better components. In addition to this rumored iPhone Xs, there will be a bigger version of this device —a gigantic 6.5-inch iPhone Xs Max. Finally, Apple is going to replace the iPhone 8 with the iPhone Xr, a 6.1-inch device with an LCD display and a design inspired by the iPhone X.

Based on this sitemap file, the iPhone Xs and Xs Max should come in space gray, silver or gold. You&ll get to choose between 64GB, 256GB and 512GB. The iPhone Xr should be available in black, white, red, yellow, coral or blue. Storage starts at 64GB as well, and you can pay a bit more to get 128GB or 256GB of storage.

In addition to iPhone names, the updated XML file contains interesting information about the new Apple Watch. A previous leaked image obtained by 9to5Mac showed a new edge-to-edge display.

And it looks like the Apple Watch display will be slightly larger indeed. According to todayleak, the small Apple Watch will feature a 40mm display (instead of 38mm). The bigger version will sports a 44mm display (instead of 42mm). It doesn&t sound like a huge increase, but you should also see an improved screen resolution.

Finally, the sitemap doesn&t indicate any change in the iPad and Mac lineups. Maybe Apple won&t mention those products at all. The company might also talk about updates that will be available later this year. Or Apple could unveil updated devices in the coming months.

Again, this is just a sidemap and it doesn&t necessarily reflect the final names of those products. But given the timing of this leak, it sounds more than plausible.

Women in tech are not only significantly under-funded by venture capitalists, but they also often lack access to the early-stage support granted to their male counterparts.

To enroll in a startup accelerator like Y Combinator, for example, its expected founders relocate to the Bay Area for three months. Women, who are more often caregivers, might not be able to do that, and even if they can, the program may not cater to their specific needs.

Female Founders Alliance (FFA), a relatively new network of female startup founders, has built a free, non-dilutive 5-week accelerator for women by women. Called ‘Ready, Set, Raise,& its goal is to help more female-founded startups raise VC through workshops, 1-on-1 coaching, legal clinics, communications and speech coaching and more.The accelerator, sponsored by Trilogy Equity Partners, kicked off at the end of August and will culminate with a private demo day with VCs in Seattle on September 27th.

&I don&t know many women who can uproot their families for three months to go live in another city,& FFA founder Leslie Feinzaig told TechCrunch. &When I was working on my company, I wanted to apply to Y Combinator but I was a new mom, it was 100% a non-starter.&

Feinzaig knows the trials and tribulations of raising VC as a female entrepreneur all too well. As the founder of an edtech startup called Venture Kits, she tried, unsuccessfully, to procure venture backing. That struggle is why she started FFA, which began as a Facebook group to connect female founders in the Seattle area but has expanded across North America.

The accelerator is designed toallow founders to tune into the programming remotely. Participants are only required to be on-site in Seattle, where FFA is based, for one week, during which the organization is providing free housing and childcare.

FFAaccelerator is among a new class of efforts created for women in tech. All RaiseFounders For Change initiative, for example, and new female-focused funds, like Sarah KunstCleo Capital, are all working to close the gender funding gap.

&I know it seems to people like therea lot happening around female founders and diverse founders, but in the context of the size and scale of that gender gap, we are barely getting started,& Feinzaig said. &We need all the accelerators. We need hundreds of funds. We are nowhere close to making a real dent in equal leadership.&

Today, FFA is announcing their inaugural class of startups, eight in total. Herea closer look at the group:

• Chanlogic: Based in Seattle, the SaaS startup provides a product for e-commerce channel managers.
• Esq.Me Inc.: A Portland-based document marketplace for lawyers created by lawyers.
• Future Sight AR: A Houston-based AR product for engineering, procurement and construction companies.
• geeRemit: Based in Raleigh, the startup leverages the blockchain to power remittances to Africa.
• Magic AI: A Seattle-based AI startup for livestock care.
• MoxieReader: Based in New York, an edtech startup focused on improving child literacy through tech.
• Pandere Shoes: Based in Anchorage, the startup is creating expandable shoes.
• Zeta Help: A San Francisco-based financial support platform for millennial couples.

Becoming an angel investor is simple in principle: have money and invest. Unfortunately for many of the smartest founders in the startup ecosystem, that requirement can prove a complete block on investing in the companies they see day after day, since early liquidity can be hard to find for founders.

Spearhead was launched earlier this year with a mandate to identify promising startup founders and give them cash to invest in startups autonomously. The brainchild of AngelListNaval Ravikant and AccompliceJeff Fagnan, the program identifies promising startup founders and provides them with $200,000 of investible capital, and potentially $1 million. It also sets them up with the right legal entities to invest.

It selected its first cohort — a group of 19 founders selected from 1,500 applications — earlier this year, and the program announced that its second cohort is open for applications today.

Ravikant explained to me that Fagnan and him designed Spearhead to be very different from the scout programs offered by venture firms. &This is the first program that is trying to turn you into a capitalist, and not a laborer,& he explained. &Unlike a traditional scout program, we are not training scouts, we are building full-fledged VCs … [The founders] are not getting a slice of carry in a fund, they are getting carry in their own funds.& He emphasized that &this is really about teaching, learning, and scaling the craft of investing.&

Training founders to be angels is a competitive space, with First Round offering an &Angel Track& program that teaches founders and emerging investors the ropes of investing. What makes Spearhead unique is the programcapital commitment — you don&t just learn to make investments, you actually get a pool of capital by which to invest from.

Since Spearhead creates independent funds for its members, the founders in Spearhead are free to raise additional capital from outside investors and expand their funds beyond Spearheadinitial seed capital.

Founders investing in founders

Fagnan noted he had some &sleepless nights& as he and Ravikant designed Spearhead. &Just because we put people in this program, we didn&t know if they are going to write a check,& he said. That was particularly true since &we definitely skewed toward people who didn&t consider themselves angels.& Being an operator and being an angel investor require very different skillsets and knowledge, and it wasn&t clear at all that founders could context-switch easily.

The good news: they can. So far, the first cohort has made roughly 50 seed investments into startups, mostly at the pre-seed and seed stages.

One major surprise with the first cohort is that the founders were much more sophisticated about venture capital dynamics than expected. &What we got wrong, we thought we would spoon-feed venture 101,& Fagnan said. But instead, during office hours, &italmost the same level of discussion as the principals and partners at Accomplice.&

I talked with six of the founders in the program about their experience. One pattern that came up consistently in my chats is that these founders have all had to go through their own venture capital fundraises, and they wanted to share their lessons learned with other founders to help them succeed and be the kind of venture capitalist that they needed for their own businesses.

For instance, Alice Zhang at Verge Genomics explained that she hoped to use her angel fund to bridge the gap between traditional life sciences investors and a new wave of healthtech startups that are led by computer scientists. &I have a thesis that there will be an explosion of companies that are going to be at the intersection of technology and the life sciences,& she said, but venture capitalists targeting the industry don&t fully see that emerging pattern yet. &I&m spending a lot of time on weekends helping founders in this space.& So far, she has invested in two companies.

That intention to help other founders in a focused industry also applied to Noah Ready Campbell at Built Robotics, who says that when it comes to robotics investing, &a lot of things that were impossible five years ago are possible now.& He saw an opportunity to use his fund to &help participate in the robotics community in the Bay Area& and accelerate the industry. Heinvested in four companies so far, typically with $50k checks.

For others though, itless about industry and more about who they know. Alex MacCaw, a well-known JavaScript developer, former Stripe engineer, and founder of Clearbit, told me that a large component of his dealflow is &a bunch of ex-Stripes which I call the Stripe mafia.& He invests very early, and &sometimes there isn&t even a domain name, but I do it based on the fact that I know the founder pretty well.& Hedone five deals so far.

Building an affinity network

The founders of Spearhead (Image from Spearhead)

Beyond investing in other startups, the founders in the program also emphasized that they are learning from each other. Spearhead hosts a variety of in-person get-togethers, and also holds regular office hours to allow the founders to ask questions and get feedback on their deals from Ravikant and Fagnan, as well as AccompliceCack Wilhelm and AngeListJake Zeller.

Prasanna Sankar, who was director of engineering at Zenefits and left with Zenefits co-founder Parker Conrad to create Rippling, said that one of the biggest things he has had to learn is the difference between angel investing and stock market investing. &We don&t make an investment for the price, so it is like the opposite of the stock market,& he said. &If you are a new angel, it would take five years to have these experiences… but these guys can fast-track your exposure to these things.& He has invested in five startups, mostly at $25k checks and with one at $50k.

Ankur Nagpal at Teachable emphasized that learning from the other founders in the cohort didn&t just train him on being a better angel investor, but also how to operate his business better. &Everyone operates so differently,& he said, and talking with others helped him learn ¬ just what you should be doing, but also about how you are different from other businesses.&

Fagnan noted that a large priority in the first cohort was geographical representation, and he expected that Spearhead would design its next cohort to have &fewer people taking deeper accountability to each other.&

The next-generation of venture capitalists

For Ravikant and Fagnan, the dream of their program was to create the next-generation of competent and committed angel investors scattered around the country. They have certainly gotten that plan underway, but the question is how far will these cohort members go in their investing careers

Many founders I talked to insisted that their focus remains 100% on their companies, and that angel investing as just a side passion. Outside of MacCaw at Clerabit, almost no one was intending to scale up their funds beyond the initial seed capital, and even MacCaw was just looking to have a little more cash to invest since he has already invested his whole fund.

Ultimately, that might play well for Spearhead, since one of the challenges of traditional venture capital funds is their increasing scale. Ravikant noted that the sort of pre-seed checks that these investors are writing are hard for venture capital firms to do given their size.

Sankar said that &I always thought that Silicon Valley startup as an asset class is one of the most undervalued and underrated.& That seems to match Ravikantentire mantra, who told me that &I want to quintuple down on [Spearhead].& He hopes that more of his founders can build distinguished track records, and become the leading angel investors of their generation. We hope that they are &going to be bigger than Naval and Jeff sometime, and if not, then we have failed.&

Spearheadfirst cohort of 19 founders included:

• Alex Yampolskiy (Fund Name: Caro Kann)
• Alex MacCaw (Fund Name: Earl Grey)
• Alice Zhang (Fund Name: Alice Zhang Angel Fund)
• Amrit Saxena (Fund Name: Saxena Capital)
• Andrew Bialecki (Fund Name: Broad Street Ventures)
• Ankur Nagpal (Fund Name: Litcoin Capital)
• Evan Weaver (Fund Name: Catapult Pre-Seed Fund I)
• Grant Miller and Marc Campbell (Fund Name: MC GLMNOP)
• Jay Desai (Fund Name: Jay Desai Angel I)
• John Capodilupo (Fund Name: Wolfhead Capital)
• Laura Behrens Wu (Fund Name: LBW)
• Nikhil Srinivasan (Fund Name: Mitra Ventures)
• Noah Ready-Campbell (Fund Name: Nybble Ventures)
• Oisin Hanrahan and Umang Dua (Fund Name: HD Ventures)
• Prasanna Sankar (Fund Name: IDK Fund)
• Preethi Kasireddy (Fund Name: PK Angel Fund)
• Roger Chen (Fund Name: 6ff3d9 I)
• Tiffany Zhong (Fund Name: Pineapple Capital)
• TJ Parker (Fund Name: TJ Parker Fund One)

The story was updated to fix Noah Ready Campbellstartup name.It isBuilt Robotics,not Ready Robotics.