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What top enterprise VCs are thinking, using data effectively, ethics, Light, and Flipkart – TechCrunch

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Top VCs on the changing landscape for enterprise startups

TechCrunch had our debut confab for enterprise types this week at Yerba Buena Center in SF, where we heard from Aaron Levie, CEO of Box, Apple VP Susan Prescott of Apple, and Microsoft Azure CTO Mark Russinovich. We were sold out, which perhaps isn’t all that surprising given the amount of interest in enterprise these days. Expect more events to come.

Our Silicon Valley editor Connie Loizos hosted a panel with leading enterprise VCs, and she selected the most interesting points from that conversation and from her calls with them for Extra Crunch members. Hear a bit from Jason Green of Emergence Capital, Rebecca Lynn of Canvas Ventures and Maha Ibrahim of Canaan Partners and what they are investing in these days.

And if you want to hear even more from Jason Green and yours truly, head over to TechCrunch’s VC podcast Equity, where we shot live from Yerba Buena along with host Kate Clark with a special focus on enterprise startups.

Maha Ibrahim: I feel like people are focusing too much on metrics and not as much on [the total addressable market]. We make money [when a startup strikes on a] huge, huge market.

But there’s [also] so much correlation between consumer and enterprise startups in that we want customers that love the product. We want customers that come back and come back and come back to us, without us having to pay for them to come back. So the equivalent in a consumer company would be me having to spend advertising dollars to acquire that customer again, as opposed to that customer just coming back because he or she loves what I’m doing. The same goes for the enterprise.

How early-stage startups can use data effectively

Silicon Valley may be obsessed with using data to improve startup outcomes, but the reality is quite a bit more nuanced. Koen Bok, co-founder of interactive design tool Framer, has put together an extensive guide here on how to to use data — and when not to.

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OnePlus 9 reveal event with Hasselblad confirmed – but there’s a shadow hanging over it

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Those of you looking for more information on the OnePlus 9 line of devices will want to mark your calendars for later this month, as OnePlus has announced when it will reveal more about the phones. In addition to confirming the OnePlus 9 event reveal date, OnePlus also announced a new three-year partnership with Hasselblad that will presumably bolster the cameras on OnePlus phones.

OnePlus has set its OnePlus 9 reveal event for March 23rd, 2021 – just over two weeks from today. The teaser OnePlus shared today on Twitter suggests that the team up with Hasselblad will be a major focus of the event – as one would expect – so if you’ve used OnePlus phones in the past and found the camera quality to be lacking, this event could be worth tuning into.

As always, we’re expecting OnePlus to reveal multiple phones in the OnePlus 9 lineup, and today’s teaser also seemingly confirms that those phones will support 5G. Beyond those tidbits of information, we don’t have any official details on what the OnePlus 9 series will offer. Of course, there have been plenty of leaks about the OnePlus 9 – some of which outed the Hasselblad partnership before it was formally announced – so we might be able to get an idea of what to expect from those.

OnePlus may not be alone in hosting a device reveal event on March 23rd. Earlier today, we heard a rumor that claimed Apple is also plotting a reveal event of its own for March 23rd, and while we’re not necessarily expecting Apple to reveal new phones (those typically come in the fall), OnePlus may not like having to compete for eyeballs.

We’ll see if that Apple event is indeed confirmed for the 23rd and, if it is, whether or not OnePlus has any kind of response to that. Otherwise, be sure to check back here on the 23rd for all you need to know from the OnePlus 9 reveal event.

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Tesla is secretly preparing to switch on a huge mega battery in Texas

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Tesla has secretly constructed a huge battery facility in Texas, part of what appears to be an attempt to add power storage to the state pummeled with bad weather in February. Texas’ electric grid was reportedly hours from collapse at one point, as freezing temperatures saw electricity demand soar and rolling outages take vast swathes of the state offline for days.

It proved to be a wake-up call for energy provisions in Texas, especially as power companies began passing on ridiculously high peak charges to customers. Electricity bills in the tens or hundreds of thousands of dollars were reported by some, as power companies found themselves relying on suddenly extortionately expensive natural gas and other energy sources.

Tesla has long positioned its stationary power products as being ideal for situations like those. Exponentially larger than the battery packs found in Tesla vehicles, the units act as a temporary store for electricity. Much as a Tesla Powerwall can save power in a domestic environment – whether from solar or cheaply off-peak from the grid – when it’s plentiful, and then supply it again during outages or periods of peak pricing, Tesla Energy’s large scale installations could do the same for towns or even cities.

Several such projects were known to be underway – including in Los Angeles, CA, and in South Australia – but a new installation has been spotted in Texas. Registered as Gambit Energy Storage LLC, Bloomberg reports, the Tesla Subsidiary is located in Angleton, roughly 40 miles south of Houston. It’s positioned next to a Texas-New Mexico Power substation.

The facility is equipped with more than 100 megawatts of storage, it’s said. Bloomberg estimates that an installation of that size could keep around 20,000 average homes powered up “on a hot summer day.”

According to Ercot, the Electric Reliability Council of Texas, the Gambit battery could go into commercial operations on June 1. Tesla didn’t begin the project itself, however. It’s believed to have purchased the Gambit facility from Plus Power.

Elon Musk recently relocated to Texas, moving from California as Tesla and SpaceX ramp up business activities in the state. That doesn’t mean he’s been universally positive about his new home, however. Indeed, during the outages he was vocal on Twitter about how poorly Texas’ energy companies were handling the crisis. At the time, Tesla’s involvement in the Gambit facility was not common knowledge.

Battery backup is increasingly common around the grid, as energy companies make provisions for downed cables or unseasonable demand. However most such facilities are significantly smaller than those Tesla Energy is working on. Part of their charm is that they can be electricity-source agnostic, capturing spare power from traditional coal or gas generation, or from green sources like solar and wind. Texas has some installations of the latter, initially erroneously blamed for the state’s energy troubles in February, though it was later identified as primarily issues with fossil fuel power stations that left so many Texans without electricity.

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If this March Apple event leak is true, OnePlus has reason to worry

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Now that March is here, we’re getting into spring reveal event territory, and today we may have learned the date for the next Apple event. Assuming today’s rumor turns out to be true, that event could just be a couple of weeks away. We’re also hearing about the devices Apple might announce during this event, so thanks to think leak, we could already have a very good idea of what to expect from Apple’s next event.

On Twitter today, Youtuber and noted leaker Jon Prosser suggested that Apple’s next event will be happening on March 23rd. Previous leaks suggested a March 16th date for the event, so even though the leaked information seems to agree that the event is happening at some point in March, Prosser’s leak moves the date back a bit.

In a follow-up tweet, Prosser says a “reliable source” told him that AirTags, iPad Pro, AirPods, and Apple TV are all “ready.” We’re told to “take that however you like,” though the suggestions certainly seems to be that any or all of these products could be revealed during Apple’s event.

It’s worth pointing out that, should this date turn out to be correct, Apple won’t be the only company hosting a reveal event on March 23rd. OnePlus has also confirmed that it will be fully revealing the OnePlus 9 lineup on March 23rd, so if Apple is indeed plotting the same date for its own event and neither company reschedules, that will be a packed day in the world of consumer technology.

We’ll see what Apple announces, but if this event is happening at some point in March, then we should get official word of it soon. We’ll let you know when that official word comes down the pipeline, so stay tuned for more.

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