Traffic lights were invented to improve pedestrian safety, but they also created streets that put cars first. But what if traffic lights could respond to the actual conditions at the intersection — perhaps stay red for an elderly walker or turn green for a crowded bus? In this episode, we explore an innovation that could change the hierarchy of the street: adaptive traffic lights.
City of the Future is produced by Benjamen Walker and Andrew Callaway. Our hosts are Vanessa Quirk and Eric Jaffe. Mix by Sharif Youssef. Music is by Adaam James Levine-Areddy (check out his band at amsterdamlost.com). Art is by Tim Kau. Special thanks to all who made this episode possible: Willa Ng, Ryan Vilim, Richard Saylor, Kara Oehler, Claire Mullen, Taylor Wizener, and Sven Kreiss.
Joining Andile Masuku and guest co-host Rushil Vallabh of Secha Capital on this African Tech Roundup podcast is Grant Phillips. Grant is the Founder and CEO of PhilTech Consulting and has partnered with both Convergence Partners and Stockdale Street (the Oppenheimer Family’s South African private equity outfit) to "build out technology ecosystems across Africa". He was previously the CEO and Chairman of the Nairobi-based credit reference bureau and debt management outsource organisation CRB Africa as well as CEO of TransUnion’s Pan-African business.
Listen in to hear Andile, Rushil and Grant unpack the provocative assertion that venture capital is a Ponzi scheme, recently made by the American-Sri Lankan Founder and CEO of Social Capital Chamath Palihapitiya. Head to [1:18:12] if you'd like to skip straight to that conversation.
Chamath - a bona fide billionaire - was an early senior executive at Facebook. Following that, Chamath founded Social Capital which he claims, its first 8 years, made double what Berkshire Hathaway made in its first 8 years of business. But now, apparently, he's done with the limited partnership VC model and with running a successful hedge fund. Hence, he's decided to reorganise Social Capital into a holding company that will pick investments on the basis of both solid business fundamentals and "value to humanity"— and offer investees all the finance and growth support they need to thrive.
Given media reports regarding Rocket Internet's puzzling plans to exit their investment in the struggling online shopping platform Jumia via a stock exchange listing in the US, Africa's early-stage investment ecosystem might do well to soberly reflect on Chamath's controversial aversion to the VC model largely popularised by Silicon Valley.
Topics discussed in this episode:
Somalia’s Premier Bank announces a USD1 million fund to invest in Somali startups [14:45]
Kenya earmarks just under USD10 million for local phone manufacturing [15:55]
Airtel Africa raises USD1.25 billion [18:14]
Update on MTN Nigeria's regulatory woes [21:36]
Rocket Internet set to list Jumia in the US [24.09]
The International Finance Corporation (IFC) could invest USD3 million in Kobo360 [30:26]
South Africa is getting Amazon Web Services (AWS) data centres [43:42]
Naspers is agressively reorganising its portfolio [48:03]
Angola Cables' South Atlantic Cable System (SACS) is live [52:06]
Zambia's Central Bank warns against trading cryptocurrencies [54:05]
Liquid Telecom completes acquisition of CEC Liquid Telecom (Zambia) [59:04]
Nexxus Ventures backs South African equity crowdfunding startup Uprise.Africa [1:00:57]
Education fintech Prodigy lands a billion dollar line of credit [1:03:32]
Standard Bank South Africa set to launch a mobile virtual network operator (MVNO) [1:07:28]
Malawi plans to force businesses to accept digital payments [1:09:02]
Andela pays coders at least 50% less than Silicon Valley coders earn [1:09:40]
Facebook continues to lose top executives + Facebook data breach [1:10:55]
Apple & Amazon accused of having servers compromised by spyware-laden chips [1:12:32]
Apple and Samsung fined by Italy for planned obsolescence [1:13:17]
Uber keen to buy Careem [1:14:36]
Airbnb wants to share equity with home sharing listees [1:15:00]
Discussion: Is VC a Ponzi Scheme? [1:18:12]
Resources referenced in this episode:
The Africa Innovation Paradigm Whitepaper: http://bit.ly/AfricanInnovationParadigmReport
Chamath Palihapitiya This Week In Startups Interview: http://bit.ly/ChamathInterview
Social Capital 2018 Annual Letter: http://bit.ly/SocialCapital2018AnnualLetter
Today, we're talking about the big names on the campaign trail in the final days before Election Day, and Big Tech's open letter about a possible government policy.
Plus: an HBO blackout for some customers and House of Cards legacy as its final season arrives.
Those stories and more in less than 10 minutes.
Award-winning broadcast journalist and former TV news reporter Erica Mandy breaks it all down for you.
Head to www.theNewsWorthy.com to read more about any of the stories mentioned today (or see below).
Amanda Holmes reads Langston Hughes’s poem, “Let America Be America Again.” Have a suggestion for a poem? Email us: podcast@theamericanscholar.org. If we select your entry, you’ll win a copy of a poetry collection edited by David Lehman.
This episode was produced by Stephanie Bastek and features the song “Canvasback” by Chad Crouch.
Today's Rapid Response Friday revisits some cases we've previously discussed with recent positive developments: the Summer Zervos lawsuit and the future of political gerrymandering in Pennsylvania.
We begin with the Zervos lawsuit we first covered in Episode 176, in which a state trial court judge has ordered Donald Trump to respond to discovery served by Zervos's attorney. What's next for the President and why does it have Yodel Mountain implications? You'll have to listen and find out!
After that, we revisit our discussion from Episodes 146 and 148 regarding the Pennsylvania Supreme Court's opinion redrawing congressional maps in that state. The U.S. Supreme Court -- and yes, that's the Brett Kavanaugh-and-Neil-Gorsuch-laden Supreme Court! -- just declined to intervene to protect the Republicans. Why is that, and how is that a map forward? We tell all!
Then, we return to the Gary Hart story we discussed last episode. Was Hart really set up? Listen and find out!
Finally, we end with an all new Thomas Takes The Bar Exam #100 that is the dreaded real property question Thomas needs to get right in order to hit "60% at the half." Can he do it?!?? You'll have to listen and find out! And, of course, if you'd like to play along with us, just retweet our episode on Twitter or share it on Facebook along with your guess and the #TTTBE hashtag. We'll release the answer on next Tuesday's episode along with our favorite entry!
Appearances
None! If you'd like to have either of us as a guest on your show, drop us an email at openarguments@gmail.com.
Federal tactics aimed at enforcing immigration law should be very concerning to law-abiding American citizens. Matthew Feeney discusses the findings of his new paper.
President Trump wanted to make this the election of the caravan. For red state democrats, that’s becoming the case. So with only days to go until midterms how will Trump’s immigration rhetoric shape close races? Slate’s Jim Newell joins us today to discuss the state of red state democrats. Plus, BuzzFeed’s Caroline O’Donovan spent the day in Mountain View, CA at Google’s headquarters to cover the walkout of its employees in protest of what they say is the company's lenient treatment of executives accused of sexual misconduct. She joins us to debrief on the day out West.
President Trump wanted to make this the election of the caravan. For red state democrats, that’s becoming the case. So with only days to go until midterms how will Trump’s immigration rhetoric shape close races? Slate’s Jim Newell joins us today to discuss the state of red state democrats. Plus, BuzzFeed’s Caroline O’Donovan spent the day in Mountain View, CA at Google’s headquarters to cover the walkout of its employees in protest of what they say is the company's lenient treatment of executives accused of sexual misconduct. She joins us to debrief on the day out West.
On The Gist, Pew’s analysis of European opinion surveys is out. Let’s look at Greece!
In the interview, the American electorate has come to sort itself not just on political issues, but by worldview. Life is either a gauntlet of hazards (say Republicans) or an array of sights to see (as the Dems think). In their latest book, Prius or Pickup?, political scientists Marc Hetherington and Jonathan Weiler warn that these philosophical differences are sharper than what separated the voting blocs of previous generations.
In the Spiel, Trump is out with a racist political ad, surprising precisely no one.
