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Google finance head joins Postmates board ahead of anticipated IPO – TechCrunch

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Google’s vice president of finance, has joined Postmates’ board of directors, the latest sign that the on-demand food delivery startup is prepping to take the company public.

Postmates announced Friday that Kristin Reinke, vice president of Finance at Google, will join the San Francisco startup as an independent director.

Reinke has been with Google since 2005. Prior to Google, Reinke was at Oracle for eight years. Reinke also serves on the Federal Reserve Bank of San Francisco’s Economic Advisory Council.

Her skill set will come in handy as Postmates creeps towards an IPO.

Earlier this year, the company lined up a $100 million pre-IPO financing that valued the business at $1.85 billion. Postmates is backed by Tiger Global, BlackRock, Spark Capital, Uncork Capital, Founders Fund, Slow Ventures and others. Spark Capital’s Nabeel Hyatt tweeted the news earlier Friday.

“Postmates has established itself as the market leader with a focus on innovation and route efficiency in the fast‐growing on‐demand delivery sector. Given their strong execution, accelerating growth, and financial discipline, they are well positioned for continued market growth across the U.S.,” said Reinke. “I’m thrilled to join the board.”

The startup has been beefing up its executive quiver, most recently hiring Apple veteran and author Ken Kocienda as a principal software engineer at Postmates X, the team building the food delivery company’s semi-autonomous sidewalk rover, Serve.

Kocienda, author of “Creative Selection: Inside Apple’s  Design Process During the Golden Age of Steve Jobs,” spent 15 years at Apple focused on human interface design, collaborating with engineers to develop the first iPhone, iPad and Apple Watch.

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Today’s Wordle Answer #413 – August 6, 2022 Solution And Hints

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The answer to today’s Wordle puzzle (#413 – August 6, 2022) is alien, which means to be strange or exotic, or to come from a foreign land (via Merriam-Webster). Unlike yesterday’s word, alien has a rich etymology. It comes from Latin “aliēnus”, which means not one’s own, foreign, or strange. It’s also derivative of “alius”, which also means “other”. It also has roots in Middle English “alienen”, which means to transfer or surrender property rights, or to exclude.

Here’s a fun fact: Scottish church minister and science teacher, Thomas Dick, set out in 1848 to calculate the number of aliens living inside the Solar System. According to his predictions, if the population density of outer space matched that of England, with 280 people per square mile, then the Solar System might be home to 22 trillion inhabitants (via BBC). Now that’s a very chilling thought.

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Domestic Car Sales Have Gone Through A Steep Decline Since COVID

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Sales statistics compiled by DataHerald for SlashGear show a strong decline in the number of vehicle sales over the last few years. Some sales traditions, like a January dip followed by a strong spring sales period as tax returns hit people’s bank accounts, are apparent in the data we received. An interesting thing to note is how the annual January drop seemed to be more severe in 2021. January 2020 saw a drop of around 60,000 sales when compared to the previous month, and sales declined by roughly the same number between December 2020 and January 2021. However, due to the lower sales volume overall, the dip appears to be more severe on the chart and is drastically larger if you look at it as a percentage of sales instead of raw sales numbers.

As you may expect, the biggest dip in sales occurred at the height of the April 2020 lockdown. During this period, sales figures dipped below 125,000. This is likely because many showrooms and dealerships were closed, which meant there were fewer locations where you could actually purchase a car. Unfortunately, despite a brief recovery throughout the second half of 2020 and the first half of 2021, sales numbers never got back to pre-pandemic figures. Since May 2021 we’ve witnessed a steep decline that threatens to drop sales figures as low as they were at the height of the pandemic. In May 2022, sales were below 180,000 again, with no signs of the downward trend reversing.

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Tesla Is Finally Adding This Common Feature To Its Steering Wheels

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“All cars made since November also have push center for horn – just waiting on firmware update,” Elon Musk confirmed on Twitter about the horn placement issue. This was after a Twitter user asked if it was possible to “remap the horn on the steering yoke.” In other words, if you drive a Tesla car with a steering yoke, you can use a regular horn after a software update. In addition, the update will allow you to activate the horn if you press your palm against the right side of the steering yoke. 

Another user on Reddit spotted a Tesla Model S with a sticker on the steering yoke that says “Airbag horn enabled in SW-352573.” The photo suggests that Tesla is testing a different type of steering yoke that features a regular horn on the airbag location.

This isn’t the first time Tesla has made a U-turn after it tried to re-write the rules of the traditional horn –- it was forced to recall about 500,000 vehicles that made fart noises and bleating goat sounds instead of the usual beeping horn sound, thanks to a feature Tesla called Boombox (according to CNN).

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