2015年9月30日 星期三

Exclusive First Look Into Twitter's New Office In New York City


Jared Harrell / BuzzFeed News

Earlier this year, Twitter's New York City operation completed a move into a brand new office at 245 West 17th St. in the city's Chelsea district. The move brought together four disparate offices -- located in New York's Midtown, Union Square, SoHo and NoMad neighborhoods -- into a single, 12-floor headquarters.

After San Francisco, New York is Twitter's second largest office, so the new NYC HQ will likely be a critical home for Twitter's business for years to come. It's already home to the team building one of Twitter's most important forthcoming products: Project Lightning.

Moreover, the New York office is a way to keep the company grounded. Having a big domestic operation outside of San Francisco's tech hothouse helps the company in several ways, but is especially valuable culturally and when it comes to recruiting. It's easier to meet people who don't work in tech in New York, and, conversely, it's easier to hire people who do work in tech there. It's also not a bad city to be in when you're in the media business.

On Monday, Twitter invited BuzzFeed News into the office, the first time it had shown it to the public. Here's what we saw.

Jared Harrell / BuzzFeed News

Twitter (naturally) works in an open-plan setup. There are no cubicles and managers sit together with their reports at long desks. Every other week, the office comes together for a "Local Tea Time" an all-hands bringing the entire building together to share thoughts.

Now that the office is up and running, celebrities visit regularly. Last week, Donald Trump stopped by. On Monday, Tom Hanks and Steven Spielberg paid a visit. The celebs often speak with Twitter's employees in open sessions, helping foster a sense of community more common in smaller companies. BuzzFeed News watched Hanks and Spielberg, for instance, lead the crowd in a chorus of "Happy Birthday" after a Twitter employee asked the two to send their wishes to her mother, a big fan.

Tom Hanks and Steven Spielberg address Twitter's New York office

Alex Kantrowitz / BuzzFeed News

More than 80 engineers work in the office, led by Vijay Pandurangan, a Director of Engineering. In an interview, Pandurangan discussed the projects the New York team is working on, including Project Lightning, some machine learning efforts, and the company's location-focused projects. The location part was especially intriguing.

New York is a cramped, highly-populated city with lots of buildings, so it's a great place to work on location functionality since the margin of error is very small. Pandurangan offered one scenario of a possible location-focused project the New York team might work on: "One of the things that could be cool is, for instance, [if] there's an earthquake in San Francisco and I open Twitter, wouldn't it be cool if it were pushed to the phone that, 'Oh, there's an earthquake near you.'" Twitter has no specific plans to build this exact product, Pandurangan said, but the example shows the type of work his team is thinking about.

Jared Harrell / BuzzFeed News

Jared Harrell / BuzzFeed News

Twitter New York keeps in touch with San Francisco and other Twitter offices via video conferencing technology, which is all over the office. "If you look around, I've worked strongly with the IT folks to really try and get it the point where it is ubiquitous," Pandurangan said. "It's enormously impactful in terms of our abilIty to execute."

Be careful, you may run into videoconferencing-Twitter-employee-robots too.

Vine, which Twitter acquired in 2012, is also in the building. The sub-50-person company-within-a-company sits on building's top floor. "We have many of the benefits of being a startup in that it's a small team, we have a big impact, we can move quickly, we have a strong culture, everybody knows each other," said Jason Toff, Vine's General Manager. "We also have the backing of one of the biggest tech companies in the world. We have access to their resources and knowledge so it's really the best of both worlds."

Jason Toff

Jared Harrell / BuzzFeed News

Vine's team is half engineering, Toff said, and then a mix of product, design, content, editorial, marketing, and operations. Vine relies on Twitter proper for some functions such as HR and Finance. It does not yet sell ads, so there is no sales team.

Instead of reporting into larger departments within Twitter, the heads of each department report into Toff and Toff reports to Kevin Weil, the Senior-VP of product at Twitter. "Kevin oversees design in addition to product and Periscope so it's more broad than what a normal product leader might encompass," Toff said.

Toff said living and working in New York City has helped him build a better product. "There's such a dramatic difference in the types of people that are on the team and that we encounter on a daily basis," he said. "In San Francisco, as much as I loved living there, I found that every single person I interacted with worked in tech, be it my neighbor, be it my Uber driver, be it my friends."

Jared Harrell / BuzzFeed News

"It's been really refreshing seeing people on the team and people you interact with on the subway and your neighbors and your friends who don't work in tech who are much more representative of the world. I think that leads to a better product," Toff said.

Pandurangan also spoke highly of the benefits that come along with operating in multiple cities. "You can get access to talent that you cannot get in the Valley," he said. "Some of it is because everybody is trying to hire people in San Francisco and there's lots of contention. Some of it is because you look at what you see with housing prices around [San Francisco] and how difficult it is to sustain yourself. A lot of that stuff can be alleviated by going to different cities and hiring the best engineers who are there."

Matt Derella

Jared Harrell / BuzzFeed News

Twitter VP of Sales Matt Derella met us in a simple yet elegant conference room for a quick discussion before our visit came to a close. "From marketing and media partners through to engineering talent and M&A opportunities, having a flagship office in NYC is of tremendous value," he said. Working out of New York provides easy access to the ad agencies of Madison Avenue, along with a line into the city's advertising technology industry, which works closely with Twitter.

Derella also brought us to a wall with a neon sign featuring a the hashtag #lovewhereyouwork. The hashtag, Derella said, originated in the company's London office, where a Twitter employee suffering from cancer tweeted it to thank her team for giving her her a knit blanket. Though the employee ultimately lost her fight with cancer, the hashtag lives on, Derella said. "We try to create a sense of family here."

At the elevator, we ran into none other than Mr. Steven Spielberg, who was also preparing his exit. The Academy Award winning director, who does not have a Twitter account, looked at the 'down' button before taking care of one last order of business: a smiling photo in front of the Twitter logo behind reception.


Lauren Zaser / BuzzFeed News



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SoFi's Billion Dollar Funding Round Is One Of The Biggest Ever


The online lender is one of just six American startups to ever raise $1 billion in a single funding round.

AP

One of the superstars of the online lending industry has raised $1 billion from investors, in one of the largest funding rounds ever for an American startup.

SoFi announced today that it was raising the new equity from Japanese technology conglomerate Softbank — a new investor — along with existing investors like the the hedge fund Third Point.

This comes after a $200 million round early this year that valued the company at just over $1 billion. While SoFi didn't disclose a valuation this time around, the Wall Street Journal reported in August that the Softbank investment would value the company at about $4 billion, making it the most valuable privately held online lending startup.

There has only been 19 venture capital funding rounds worth $1 billion or more, according to Pitchbook, which tracks the industry. Four of those were for Uber; just six American companies, including SoFi, have ever completed a billion-dollar round.

On Tuesday, online lender Avant said it had raised $325 million in a funding round that valued the company at $2 billion. Prosper, which mostly does personal loans to people with good credit scores, was valued at $1.9 billlion in its most recent round. Lending Club, another online lender, went public in December of last year and, despite its stock sinking below its IPO price, has a market capitalization of almost $5 billion.

SoFi, which was founded in 2011, started out refinancing student loans. That can be a great business in a growing economy, as many college graduates may be considered risky borrowers by traditional metrics (they have no income, for instance, and can have very large outstanding debts), but actually have good job and income prospects. When SoFi was founded in 2011, the first loans were to graduates of elite business schools like Stanford, where its founder, former Wells Fargo trader Mike Cagney, graduated from.

SoFi also expanded into mortgages late last year and now offers mortgages in 23 states. It started offering personal loans in February, and has begun selling those loans to investors.

"We have an aspiration to change banking and create an alternative solution to allow people to check out of the banking system entirely," Cagney said, mentioning wealth management and insurance as possible areas SoFi could enter.

But that won't be happening in the public markets, for now. After the company raised $200 million and garnered a billion-dollar "unicorn" valuation, there were reports that the company was considering an initial public offering.

But like so many fast-growing startups (Cagney says SoFi has been profitable for two years), they were able to raise a massive round from a new private investor and stay insulated from the public markets.

Cagney described Softbank as a "long term, patient capital partner" that told SoFi it was able to grow even faster than the company previously thought. "Personal and mortgage loans were growing ahead of schedule and we needed incremental capital to support that growth," Cagney said.

Lending Club "went out there and raised $1 billion publicly and they have to deal with the public," Cagney said. "We could raise $1 billion from the private investor."



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Android 6.0: The 5 best new features in Marshmallow


With Google’s big fall event behind us, here are the best new features in the Android 6.0 operating system.

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Jack Dorsey To Be Named Permanent Twitter CEO


An announcement is expected as early as Thursday, Re/code reports.

Getty/Kimberly White

Jack Dorsey will be named permanent CEO of Twitter as early tomorrow, according to report published today in Re/code.

The move will bring to a close a painful, months-long search for a permanent CEO at Twitter, which has been without a permanent leader at the top since the departure of its former CEO Dick Costolo in July. Dorsey is expected to continue to run Square, a payments company where he also serves as CEO.

Dorsey, in his short tenure as interim-CEO, has been pushing big changes. Under his watch, the company has tested a 'News' tab, widely rolled out a 'Buy' button and is in the process of rethinking the service's 140 character limit.

As Dorsey moved things forward, the Twitter board worked slowly, eliciting criticism from Twitter investors and Wall Street analysts. The naming of Dorsey should quiet those critics, at least for the new CEO honeymoon period. After that, Dorsey will be forced to prove he can grow the company's userbase and, along with it, revenue.

Twitter and Square both declined comment.



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New TiVo Bolt Seems Like a Binge-Watcher's Dream


Love watching TV shows without commercials?

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Video Profile "Pics" Are Coming To Facebook


Revamped Facebook profile features a video profile picture option, temporary profile photos, and room for a short bio.

Facebook

Starting Wednesday, the company is rolling out an option to post a video as your profile "picture." The feature will at first be only available to a small number of people using iOS in California and the United Kingdom. But Facebook hopes to launch it more broadly soon.

Facebook

They will also likely make people's appearance on the platform appear less polished — a nod to social media's raw revolution.


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MonoRover R2 scooter rolls into view


Segways are out and rovers are in, but what does this mean in our growing world of technology?

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Do teens still use Facebook?


It isn't just what you say on social media, often it is where you say it. It may seem like new social media platforms are appearing everyday. Three eight graders who took part in a landmark study on social media, detailed in the "CNN Special Report: #Being13 - Inside the Secret World of Teens," helped us breakdown how teens use some of the most popular platforms.











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Scientists find their first biofluorescent reptile


That's not a "Teenage Mutant Ninja Turtle" floating before your eyes. You're seeing the first biofluorescent reptile discovered by scientists.











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Edward Snowden hits 1 million Twitter followers


NSA whistleblower Edward Snowden has racked up more than a million Twitter followers, just 24 hours after making his debut on the micro-blogging site.

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That billboard may be watching you, then changing its message


Staring at a billboard while stuck in traffic?

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9 everyday objects that are about disappear














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Google's algorithm for happiness


Google engineer Chade-Meng Tan claims he has the secret to a contented, stress-free life. But what happens when you try the happiness advice and look at the science.











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