Technology

Apple is continuing to flesh out its lineup of TV series for its upcoming streaming service and Netflix competitor, assumed to be offered sometime next year as part of a subscription bundle with Apple Music. The companylatest addition is a dramatic mystery series, currently known as the untitled Hilde Lysiak project. The show is inspired by the real-life story of the 11-year-old investigative reporter who scooped local news outlets by being the first to expose a murder in her hometown ofSelinsgrove, PA.

Lysiak may not be a household name, but her story is impressive.

The Columbia Journalism Review profiled her online news operation,Orange Street News, in a story titled, &Is this 8-year-oldnewspaper better than yours&

The young reporter is not a hobbyist at her chosen profession — she attends town meetings, she covers neighborhood crime without police cooperation, and she shows up on the scene of breaking news, the article explains.

She also beat the local daily paper in being the first to cover a murder in the area when she was only 9 years old. When criticized by Facebook commenters (aren&t they lovely) for being a kid covering graphic news like this before all the facts were in, she fought back.

&I just like letting people know all the information,& the reporter said.

&Because of my work, I was able to inform the people that therea terrible murder hours before my competition even got to the scene. In fact, some of these adult-read newspapers were reporting the wrong news or no news at all,& she explained in a YouTube video.

As to how she got the scoop, Lysiak said, &I got a good tip from a source and I was able to confirm it.&

Her site today continues to feature a number of crime reports, included break-ins, drugs, abuse, assaults and more, alongside stories of local interest, like the gas smell that shut down Orange Street, for example.

Clearly, Lysiakwork is great fodder for a feel-good show about smart and ambitious kids, but italso one of increased importance in an era where journalism itself is under attack.

Apple has givena straight-to-series order to the untitled Hilde Lysiak project, which will have 10 episodes in its debut season.

The series is produced byAnonymous Content and Paramount Television, is created and executive produced by Dana Fox (How To Be Single and Ben and Kate) and Dara Resnik (Daredevil), along with executive producers Joy Gorman Wettels (13 Reasons Why) and Sharlene Martin (Smallville). Jon M. Chu (Crazy Rich Asians, Now You See Me 2) will direct and executive produce.

The show will begin by following a young girl who moves from Brooklyn to the small lakeside down her father had left behind. The protagonist will then work to unveil the truth regarding a cold case that everyone in town, father included, has tried to bury.

Hence the &inspired by& label — in real life, Lysiakfather didn&t try to bury the truth.

In fact, he inspired her pursuit of chasing stories by taking her with him to the newsroom of the New York Daily News, where he had worked as a journalist himself.

The show will join a varied lineup at Apple, which now includesa reboot of Steven SpielbergAmazing Stories, a Reese Witherspoon- and Jennifer Anniston-starring series set in the world of morning TV,an adaptation of Isaac AsimovFoundation books,a thriller starring Octavia Spencer,a Kristen Wiig-ledcomedy,a Kevin Durant-inspiredscripted basketball show, adocumentaryaboutextraordinaryhomes, aseriesfrom &La La Land&s& director and a series about Emily Dickinson, among others.

When Docker burst on the scene in 2013, it brought the idea of containers to a broad audience. Since then Kubernetes has emerged as a way to orchestrate the delivery of those containerized apps, but Docker saw a gap that wasn&t being addressed beyond pure container deployment that they are trying to address with the next release of Docker Enterprise Edition. Docker made the announcement today at DockerCon in San Francisco.

Scott Johnston, chief product officer at Docker says that Docker Enterprise Editionnew federated application management feature helps operations manage multiple clusters, whether those clusters are on premise, in the cloud or across different public cloud providers. This allows federated management of application wherever they live and supports managed Kubernetes tools from the big three public cloud providers including Azure AKS, AWS EKS and Google GKE.

Johnston says that deploying the containers is just the first part of the problem. There is a whole set of issues to deal with outside of Kubernetes (and other orchestration tools) once your application begins being deployed. &So, you know, you get portability of containers with the Docker format and the Kubernetes or Compose description files, but once you land on an environment, that environment has deployment scripts, security models, user management and [so forth]. So while the app is portable, the management of these applications is not,& he explained.

He says that can lead to a set of separate deployment tools creating a new level of complexity that using containers was supposed to eliminate. This is especially true when deploying across multiple clouds (and on prem sometimes too). If you need load balancing, security, testing and so forth — the kinds of tasks the operations team has to undertake — and you want to apply these in a consistent way regardless of the environment, Johnston says that Docker EE should help by creating a single place to manage across environments and achieve that cloud native goal of managing all your applications and data and infrastructure in a unified way.

In addition to the federated management component, Docker also announced Windows Server containers on Kubernetes for Docker Enterprise Edition. It had previously announced support for Linux containers last year.

Finally, the company is introducing a template-based approach to Docker deployment to enable people in the organization with a bit less technical sophistication to deploy from a guided graphical process instead of a command line interface.

The federated application management is available in Beta starting the second half of this year, support for Windows Server Containers will be included in the next release of Docker Enterprise Edition later this year and Templates will be available in Docker Desktop in Beta later this year.

Index Ventures — a firm with investments in companies like recent IPO Dropbox, a series of successful gaming companies like King, and others including Slack and coming IPO Zuora — has seen a lot of moves in the past few months.

There was thedeparture of partner Ilya Fushman earlier this year, but the firm also brought on Sarah Cannon from CapitalG as one of their recent big hires. Index has also promoted former Dropboxer Mark Goldberg to partner. Prior to joining Index, Cannon led investments in companies like Looker, MultiPlan, Oscar and Care.com. Cannon will primarily be focusing on growth stage, and is also now a board observer for Slack. Goldberg has been at the firm for around three years and worked on deals like Nova Credit and CoverWallet.

We sat down with the two new partners to discuss some of their plans, as well as some broader parts of the venture ecosystem. Herethe interview, which has been lightly edited for clarity.

TC: What does the investment committee decision process look like these days

Mark Goldberg: In the last stage, we have a partner presentation, where the entrepreneur presents and we debrief. Then ita vote at the partner level. Everyone votes 1-10, and if itover 7 itapproved. If itbetween 5 and 7, itthe sponsor discretion. On average itaround in the seven range. Some partners always rank lower, their most enthusiastic is at 8.It ends up being a pretty intellectually honest discussion, every vote is the same. I&ve worked at other funds before, and it seems like it becomes more of horse trading. This feels like a constructive debate, we operate as one team. Italso 6:30 a.m. pacific on Mondays, so therethat.

TC: When working with entrepreneurs, how do you keep them moving forward — especially when some seem allergic to product changes

Goldberg:I speak more to my background to being an early business hire at Dropbox, but itstaying focused don the end user and building something people actually want to use. Regardless the paradigm, [we ask], are you building a product where at the end of the day is the end customer happy user.

Sarah Cannon: In the board room so much of where we can help is focus. My role is not making decisions but helping the management team align on priorities and sharing an example from a company they respect.It is often most helpful to connect them to another portfolio company. At CapitalG, we were investors in Lyft and Stripe, and a lot of learning would be between those companies. We would say, let me connect you to the head of product at Lyft. After that coffee, the priorities have been reduced to just a few.

TC: Whatthe filter for companies

Goldberg: First off, the [series] A is where we&re really focused. I think historically Index had really built a brand in Europe. King, SuperCell, Skype, and others.When we set up the team in the U.S., we ended up getting pushed into more series B. We would have loved to see the Series A on many of these companies, but we were new it was harder to proactively get to these great deals at the earlier stage. So we&re pushing earlier into that Series A. Maybe 7 of the last 10 deals have been [series] A for us. The challenge is, how do we find these great founding teams and category winners at that stage. Despite the valuations, we want you to hit those check boxes.

Cannon: As you move later stage, itmuch more on the unit economics. Thatpart one — really understanding the unit economics, how big of a business can this actually be. The market could be really large, but whatthe size of the prize. Those are the two things I focus on. Iteasy to look at the unit economics. There are exceptions to the rule, like Amazon, where the margins didn&t look good along the way… Traditionally these companies haven&t made money, and thathow you miss really exceptional businesses. They are transformative businesses. Thatreally how I&ve shifted my way of thinking.

For consumer companies, I think of that has to be massive user traction and if you&re seeing wild adoption or a differentiated technology.

TC: How do you think about the state of how we talk about mental health in Silicon Valley right now How do you help your founders in this respect

Goldberg: I think being a founder is an extremely lonely job. I think one of the things that a strong venture partner can do is be a really good sounding board. The emotional fluctuations in these businesses are extreme. A founder has to be, even if they&re resilient and have a lot of grit, they&re absolutely going to feel the highs and lows. If you talk about what makes a venture fund and partner valuable, itthe ability to damper some of that volatility by being available. If someone calls me on a Saturday night, i&m picking up the phone and being present and having that perspective. If you&re doing this job well, you can help the entrepreneur feel less lonely.

Cannon: [Part of it is] regulating on both the highs and the lows. You&ve had the benefit of working with a lot of companies. You can say, this is a great moment, celebrate, but itnot like we&re going public tomorrow. In the lows, you remind them of the good times, you&re modulating to the middle and giving some perspective.. Itimportant to step in as an investor, and to say, ‘ok, this was a scary moment but this is why I have conviction in your business.&

Ita topic thata lot of shame. Itvery much like an artist, therean individual genius creator but therea dark side. Therea very known perspective in the founder world. I hope we have a few brave founders who come out and say, look, I really struggled, herehow I managed to deal with it.

TC: How have things changed given the shift in the venture landscape, such as with mega-funds like Softbank

Goldberg: We see it as a good thing, for us itadditional optionality for a lot of our portfolio companies. Before SoftBank a lot of times your option is [just going public]. Softbank is not the only one, thereSequoia growth, therea lot of money sloshing around the late stage. Itbeen a boon for our companies — we&re generally playing at a stage before we&d be competitive [with that].

Cannon: For the later stage, itabsolutely changing the return profile. To Softbankcredit, ita brilliant strategy, itlike an index on the private markets.

TC: How do you differentiate between founders for companies you invest in

Cannon:For me, the adjustment [to earlier stage] has been a couple things, like adjusting your risk reward. You&re taking a lot greater risk. Iteasier to rely on cohort data, thinking that I&ve seen this for three years. [At earlier stages] itless data, and you&re taking more risk, you need to spend more time about thinking about the team. You need to believe that founder is capable of bringing on that high quality team. To move earlier stage, you have to have a lot more conviction. In later stages you have a bunch of investors already at the cap table.

Goldberg: I think itabsolutely critical that the market is multistage. We&re stage agnostic and expertise driven. We&ll see a company at the series A or series B, and we get to know the founding team. We don&t wait for the round to form, we preempt it, and if we don&t do the deal we have a relationship going forward.

Cannon: [I also think it&s] very specific to the business. If itan IT infrastructure startup, the person needs to be highly technical people. It maps to the business. Do they know their own strengths and weaknesses, do they know the strengths and weaknesses of their existing members.

TC: How do you think about diversity going forward

Cannon: The major focus is how do I address this challenge. The numbers speak for themselves in terms of diversity of all types. A lot of founders aren&t happy with where they are, we think about what specifically can we do about it. Thatwhere we&ve been having a lot of discussions — how are you giving fair reviews, how do you make sure your compensation is the same. Therealways the question about funnel and how do I see different candidates. My view on that is we should do a much better job in venture and companies in screening for the specific attributes you need in the job. We want to push people, rather than going to pools that are easy, such as just to banking, and say the attributes important to an investor is high emotional intelligence, analytical thinking, and such. They don&t necessarily come from the same people.

Goldberg: Whatchanged is it is now a board-level conversation. At the last 4-5 meetings, this is now a topic on par with the KPIs of the business. That didn&t used to exist. I agree with the tactical points, we can do a better job with diversity, we&re having those conversations..

TC: What about applications of ideas like the Rooney Rule

Cannon: I think thatexactly the tactical thing. People are just begging for an idea, something I can commit to changing my funnel. Changing my process to be more fair, founders I think are very more open to it.

TC: How do you manage expectations with your base of LPs, especially as the time threshold between an IPO and the founding stretches

Goldberg: I think we&re fortunate that as a fund culture and with the LP base, we&re afforded the ability to make a long term view. While the timeline is stretching, we don&t feel pressure. To the extent the companies continue to build value, the returns are gonna look good enough. We have not felt the urgency to try and realize gains faster, and part of that is our broader philosophy and ethos around investing. We&re here to support the entrepreneurs, and I don&t want to be prescriptive in an exit.

I think we need to be thoughtful when we take a secondary investment. Doing large secondaries in early companies can be detrimental. When we&re looking at rounds where secondaries are available we ask about proceeds being distributed, we want to know [if itjust certain executives or for the whole team].

Cannon: You do want to think about the employees who have made significant contributions. In a market where companies are staying private much longer, for the employees, I do want us to find a way to have some liquidity. The key is how you structure it. You could buy a house, but you don&t need a mansion.

Goldberg: What I don&t like is when founders or a select set of executives are able to take money. As long as itequitably done in a way, like 10% to 15% liquidity being offered for employees.

TC: What are some learnings you&ve picked up from whathappening in China

Cannon: We are not currently investing in China, but I want to learn form China and see what insights we can get from businesses there and how they will be different in the US. If you look at live video, a lot fo companies have taken off there. The social e-commerce business, mid-messaging, how does that change with transactions.

Goldberg: On the fintech side, italmost like the world has inverted, I used to do a lot of cleantech where we were worried China would copy the IP. In fintech, the most innovative companies are coming out of China. If you look at digital payments in China versus the west, they were already way ahead of the curve, and now iteven more so. It really is, for us, about learning whataround the future. We&re pushing ourselves.

TC: The majority of that is owned by a few platforms like WeChat or Alipay. Is that a good thing

Goldberg:Some of these platforms are becoming monolithic conglomerates at this point. My broader thesis in this point is, we&re gonna see a new set of companies and winners from the last few years that are gonna re-bundle the rest of the feature rich companies into larger platforms. They&re building massive user bases with extreme engagements. You imagine what else can you cross-sell once you have that engagement and brand affinity. We&re gonna see massive category winners of the next digital bank in the US.

TC: How are you thinking about ICOs

Goldberg: We&re watching them opportunistically. I think crypto and blockchain have gotten a huge amount of airtime in the press, to me itdistracting for financial services. The incumbents are absolutely vulnerable in a way they&ve never been before. We&re seeing huge success..

Cannon: We&re very expertise driven. The two areas are really around blockchain and AI. We just had a presentation we call Monday musings — we&ve had them on gaming, bitcoin, and crypto in general — thatan area where we&re actively trying to build our knowledge set. I think therea lot of interest and the timing is of vigorous debate.

One of the challenges is to be an effective unit of economic transaction without the regulatory infrastructure like know your customer. As long as we have nation states we certainly will not see all transactions on blockchain. Regulators will have a way to regulate these transactions since at some point you are going to have to transfer your bitcoin into dollars or some other currency at some point.

Goldberg: I have had a challenge to find a [high-potential] Dapp. (Dapp is short for decentralized app)

TC: Where are you finding these new areas of talent

Goldberg: I haven&t found a magic bullet. Itan aggressive push to reach a diverse set of channels of sourcing.

Cannon: [Companies have big pools of strong candidates], the challenge early stage is itharder to find out about those companies. At the beginning ithard for people that aren&t as well networked. Whata role that a large company has a big pool, how can they help them connect. I think about how to do that in a scalable way.The innovation that Google really did have is doing interviews. Rather than saying we&re gonna get people from top schools, we&re gonna have a test that tests for the engineering skills for this job. If you can prove you have these specific skills, I think thata great way. You get people who have the skillsets.

TC: What are you looking for in startups that say they specifically focus on machine learning

Sarah: The way I thought about investing in AI is three buckets. One was on the generalized AI, and what would replace a human. Thata lot of science and a lot of risk in the very early stage.The second bucket is vertical AI where I think health care and financial services are most interesting. The third bucket is what I call machine learning for everybody else or democratizing access to ML. Google and Facebook can afford to hire data scientists of incredible caliber, but most companies can&t. Therean interesting company to be built sharing standard ‘algorithms as a service& with those companies.

On the vertical side, a lot of is is tech constraints. I&d love to get into contracts, but [you have to] think about whatpossible — what you can do with a camera, where we are with machine vision and the applications of that with an immediate business context. [We look at] how many engineers and data scientists you have, what are the top 5 applications of your technology. You&ll very quickly find they&re doing something that could be automated quickly.

Goldberg: 99% of the pitches that I hear across industries talk about machine lerning. Itbecome so ubiquitous as italmost meaningless, or itas horizontal as big data. What I look for is proprietary data. What is really critical is itnot just algorithms but your ability to train a model faster than anyone else and in a way thatmore unique. You have access to some data pool, and the data is ultimately what sets it apart. For the vast majority, ita buzzword that they think will increase the valuation. A way to test that is to look at the technical DNA in the team. To me thata lot of suss out is this really machine learning, or is this empty words on a page.

TC: What are the verticals you focus on right now

Goldberg: There are massive segments of the economy coming online right now. Agriculture, construction, logistics, we look at where the data has been locked up in offline form like on paper or excel. As software brings it online, a lot of those industries are ripe for machine learning.

Cannon: I am focused on consumer and the consumerization of the enterprise. On the consumer side I cover marketplaces, millennial purchasing behaviors and what we can learn from China. On the consumerization of enterprise side I&m focused on productivity, particularly tools used across business units.

TC: What signals are you looking for in consumer startups

Cannon: I always think chance favors the prepared mind. I do want to do thesis work in consumer, and think about areas where I see patterns. When I see the monthly active users data, [I ask], does it conform to the world. Millenials have contrarian thinking, one thing that stood out when the Robinhood founders talk, was that millenials didn&t want to pay an upfront fee. I wonder if there are other models they&re resistant to. Maybe they don&t want to be monetized by ads, and are there businesses that could evolve based on that view.

Update:Cannon reached out to clarify a few things from the interview, which we&ve sprinkled some updates throughout.