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‘This is Your Life in Silicon Valley’: Nomiku Founder CEO Lisa Fetterman on why Silicon Valley doesn’t care about female founders

20:11 | 21 June

Welcome to this week’s transcribed edition of This is Your Life in Silicon Valley. We’re running an experiment for Extra Crunch members that puts This is Your Life in Silicon Valley in words – so you can read from wherever you are.

This is your Life in Silicon Valley was originally started by Sunil Rajaraman and Jascha Kaykas-Wolff in 2018. Rajaraman is a serial entrepreneur and writer (Co-Founded, and is currently an EIR at Foundation Capital), Kaykas-Wolff is the current CMO at Mozilla and ran marketing at BitTorrent. Rajaraman and Kaykas-Wolff started the podcast after a series of blog posts that Sunil wrote for The Bold Italic went viral.

The goal of the podcast is to cover issues at the intersection of technology and culture – sharing a different perspective of life in the Bay Area. Their guests include entrepreneurs like Sam Lessin, journalists like Kara Swisher and Mike Isaac, politicians like Mayor Libby Schaaf and local business owners like David White of Flour + Water.

This week’s edition of This is Your Life in Silicon Valley features Lisa Fetterman – the Founder/CEO of Nomiku (a Y Combinator alum). Lisa talks extensively about why Silicon Valley does not care about female founders, and proposes a solution to the problem.

If you are interested in diving deep into the diversity problem in technology, this episode is for you.

For access to the full transcription, become a member of Extra Crunch. Learn more and try it for free. 

Rajaraman: Welcome to season three of This is Your Life in Silicon Valley. A podcast about the Bay Area, technology and culture. I’m your host Sunil Rajaraman and I’m joined by my co-host Jascha Kaykas-Wolff.

Kaykas-Wolff: So, now I got a straw poll for you. Are you ready?

Rajaraman: I’m ready.



Blockchain startup Tron closes BitTorrent acquisition

21:45 | 24 July

BitTorrent is now officially a part of Tron, the file sharing service confirmed in a blog post today. The news confirms rumors that have been floating around since the middle of last month. BitTorrent didn’t confirm any specifics, but Tron, a relatively new entrant in the wild world of blockchain startups, was said to have paid around $126 million in cash for company.

BitTorrent, of course, is no spring chicken. The San Francisco-based software company was founded way back in 2004, developing protocol that would become become synonymous with file-sharing in a post-Napster world. 

At present, BitTorrent claims around 100 million active users globally, with its self-titled client and BitTorrent Now, the latter of which tends to be video/music focused. The company will maintain those clients, operating out of Tron’s SF offices to “provide robust support for Tron’s global business development and partnerships, while pursuing its vision for the world’s largest decentralized ecosystem.”

As Variety notes, BitTorrent recently looked to put user concern about the acquisition to rest, stating that it “has no plans to change what we do or charge for the services we provide. We have no plans to enable mining of cryptocurrency now or in the future.”

The companies haven’t disclosed their plans beyond that.



ICOs are becoming funds

21:00 | 19 June

What does a startup do with $48 million? $130 million? $1.7 billion? This question – one integral in the whole ICO craze – hasn’t quite been answered yet but it’s going to be far more interesting as ICOs and cryptocurrencies transform from purely product-oriented companies into actual funds.

Take the news that the creator of the TRON token bought BitTorrent for $140 million purportedly to lend legitimacy to the platform. “One shareholder we spoke to says there are two plans,” wrote TechCrunch’s Ingrid Lunden. “First, it will be used to ‘legitimize’ Tron’s business, which has met with some controversy: it has been accused of plagiarizing FileCoin and Ethereum in the development of its technology. And second, as a potential network to help mine coins, using BitTorrent’s P2P architecture and wide network of users.”

Given a $4.8 billion market cap, the cost of buying a beloved network brand, even one as tainted by controversy as BitTorrent, is miniscule. Further, it allows TRON to fill its war chest with solid businesses even as its own efforts end laughably with ham-handed announcements about non-existent partnerships and failed pumping by the idiosyncratic John McAfee.

In short, all of those massive ICO raises aren’t going to Aeron chairs and food truck rodeos in the company parking lot. Those smart enough to machinate their way into an ICO raise aren’t interested in product, no matter what they claim. They are interested in becoming investors, gobbling up products and people in order to gain a stranglehold on the space. Further, these ICOed organizations are often already registered as broker-dealers in various jurisdictions and have all of the legalities in place to take and invest large sums of cash. In short, if you think any successful ICOed company will deliver actual product before it would buy itself into multiple iterations of that same product I have a few tokens to sell you.

Startups start small for a reason. None of the current crop of successful ICOs have any technical merits, no matter how dense their white papers. While PhDs and computer scientists have great ideas, ultimately their ideas fail when dashed against the realities of the market. Most startups die because they are underfunded but they are underfunded because the risk associated with their ideas are far too high to ensure a win.

ICOs on the other hand are wild bets that a person who is connected to the crypto space will know better what to do with unearned crypto riches than the owners of those riches. It is a bet that the ICOing org is willing to work a little harder to make 10,000 Ether or a few hundred Bitcoin pay off in the long run and it’s a bet that the congregation of all that crypto wealth will bring the true sharks out to help turn a small investment into a big one. And you never get rich releasing a single product. You get rich buying and controlling multiple products.

The other important consideration? VCs will soon find themselves fighting for deals with ICOed companies. While it won’t happen soon and perhaps the big houses won’t feel it at all, expect smaller VCs to lose LPs as those LPs dump their cash into Maltese ICOs and not Sand Hill Road. It’s an interesting and overdue turnaround.

So don’t expect these ICOed companies to invest in fancy offices and ping pong tables (although they will.) If you’re a startup founder expected these ICOed companies to invest in you.



BitTorrent inventor announces eco-friendly bitcoin competitor Chia

20:47 | 8 November

A bitcoin transaction wastes as much electricity as it takes to power an American home for a week, and legendary coder Bram Cohen wants to fix that. And considering he invented the ubiquitous peer-to-peer file transfer protocol BitTorrent, you should take him seriously.

Cohen has just started a new company called Chia Network that will launch a cryptocurrency based on proofs of time and storage rather than bitcoin’s electricity-burning proofs of work. Essentially, Chia will harness cheap and abundant unused storage space on hard drives to verify its blockchain.

“The idea is to make a better bitcoin, to fix the centralization problems” Cohen tells me. The two main issues he sees in bitcoin are in environmental impact and the instability that arises from the few bitcoin miners with the cheapest access to electricity exerting outsized influence.

Chia aims to solve both.

Bitcoin uses proofs of work to verify the blockchain. That’s because it’s prohibitively expensive to make a fake blockchain as it wouldn’t have as much work demonstrated as the real one. But over time that’s given a massive advantage in collecting the incentives for mining bitcoin to those who operate close to low-cost electricity and naturally chill air to cool the mining rigs.

Chia instead relies on proofs of space in file storage, which people often already have and can use for no additional cost. It combines this with proofs of time that disarm a wide array of attacks to which proofs of space are susceptible.

“I’m not the first person to come up with this idea,” says Cohen, but actually implementing requires the kind of advanced computer science he specializes in.

After inventing torrenting in the early 2000s and briefly working on Steam for Valve, Cohen had been at BitTorrent building a new protocol for peer-to-peer live video transfer. But mismanagement on the business side caused the company to implode. Now it’s limping along, and Cohen says “it doesn’t need me day-to-day.” So while he’s still on the board, he left in early August to start Chia Network.

Chia Network co-founder Bram Cohen

Cohen has teamed up with early bitcoin exchange Tradehill’s COO Ryan Singer and they’ve raised a seed round for Chia to ramp up hiring. Cohen wouldn’t say how much it had raised, laughing that, “I’m not sure how much we want to announce right now, but it was a very hot round.” The goal is do some early sales of Chia in Q2 2018, with a full launch of its cryptocurrency by the end of 2018, though Cohen says that’s a stretch goal.

Cohen is a brilliant technologist, but it will take more than that to convince people to switch over from bitcoin to Chia. He tells me the plan for Chia is “do some smarter things about its legal status and do a bunch of technical fixes that you can do when starting from scratch.”

It’s too early to guess how this will all play out, but at least someone is trying to address the ecological impact of cryptocurrency instead of just complaining about it. Cohen seems excited though. “It’s technically ambitious and there’s a big meaty chunk of work to do. I’ve done enough raising money and recruiting. Now for the real work.”



The Netgear ReadyNAS 524X is a data hoarder’s delight

22:14 | 3 October

 As a member of the Data Generation, I’ve found that my photos, videos, and documents quickly expand to fill their containers. A standard USB drive is quickly replaced by another, larger one while home network file servers fall by the wayside as they get full, old, and dangerously lossy. In short, it’s time for the big guns. That’s why I was pleased to try out the Netgear… Read More



BitTorrent Live’s “cable-killer” P2P video app finally hits iOS

02:42 | 22 December

Cable companies rule TV because they control the expensive wires and satellites that can deliver low-latency live content at scale. Cable companies can then dictate how much per monthly paying subscriber they offer the channel owners for access because there are few alternatives for live distribution. And the cable companies can charge consumers exorbitant prices because they’re sometimes the only game in town.

But BitTorrent has now done for live video what it did for file downloads: invented peer-to-peer technology that moves the burden of data transfer from a centralized source to the crowd. Instead of cables and satellites, BitTorrent piggybacks on the internet bandwidth of its users.

Since P2P live streaming is so much cheaper than traditional ways to deliver live content, BitTorrent could pay channel owners more for distribution per viewer. And BitTorrent can offer that content to viewers for free or much cheaper than a cable subscription. The transfer technology and the app that aggregates these channels are both called BitTorrent Live.

Now, almost a year after the protocol’s debut on smart TVs, and six months after it was supposed to arrive on iPhone, the BitTorrent Live app quietly became available on iOS this week. Until now it’s only existed on Mac, Apple TV and Amazon Fire TV — much less popular platforms. And that’s after being in development since 2009.

The app features 15 channels, including NASA TV, France One, QVC Home and TWiT (This Week In Tech) that you can watch live. The latency is roughly 10 seconds, which could be faster than terrestrial cable, as well as systems like Sling TV that can delay content more than a minute.

The problem right now is that BitTorrent Live has a pretty lackluster channel selection. It’s still working on striking deals with more name-brand channels. It could offer some for pay-per-view, but cheaper than the same content on traditional TV due to the reduced broadcasting costs.

To get channels to sign on, BitTorrent Live will need more viewers… which will require better content. That’s a bit of a chicken and egg problem. But with today’s launch bringing it to a massively distributed mobile platform, it could start to attract an audience worthy of luring in better channel makers.



Everything you need to know about the NSA hack (but were afraid to Google)

18:14 | 16 August

In what Edward Snowden deems “not unprecedented,” hackers calling themselves the Shadow Brokers have collected NSA-created malware from a staging server run by the
Equation Group, an internal hacking team. The Shadow Brokers published two chunks of data, one “open” chunk and another encrypted file containing the “best files” that they will sell for at least $1 million. Wikileaks has said they already own the “auction” files and will publish them in “due course.”

They’ve also released images of the file tree containing a script kiddie-like trove of exploits ostensibly created and used by the NSA as well as a page calling out cyber warriors and “Wealthy Elites.” The page also contains links to the two files, both encrypted. You can
grab them using BitTorrent here.

The “free” file contains many staging programs designed to inject malware into various servers. From my cursory inspection the files look to be more functional than damaging and show NSA hackers how to quickly deploy their tools and then close infiltrations without a trace. It is yet unclear how these files can be used to damage networked computers although I’m sure there is something of value in the trove.

The Shadow Brokers wrote:

How much you pay for enemies cyber weapons? Not malware you find in networks. Both sides, RAT + LP, full state sponsor tool set? We find cyber weapons made by creators of stuxnet, duqu, flame. Kaspersky calls Equation Group. We follow Equation Group traffic. We find Equation Group source range. We hack Equation Group. We find many many Equation Group cyber weapons. You see pictures. We give you some Equation Group files free, you see. This is good proof no? You enjoy!!! You break many things. You find many intrusions. You write many words. But not all, we are auction the best files.

Snowden suggests that the hackers were Russian although the simplistic grammar above could be a cover.

What Does It Mean?

First, we need to understand what these files are and what they do. These are hacking tools including RATs – or remote access Trojans – and exploits designed to attack web and file servers. The “free” files are all dated from the Summer of 2013 which suggests they aren’t completely up to date and they contain fairly innocuous-looking tools with ominous names like “eligiblebombshell” and “escalateplowman.” Most of these are human-readable and written in Python or shell script although there are some compiled binaries.

Some of the files – BANANAGLEE, for example – appeared in the leaked Snowden files which suggests the files are real and sourced from the NSA’s own servers. Without training, however, it is not clear if any of the files are particularly dangerous on their own.

These are, however, the files that an NSA agent would use if they were trying to hack your server. While a folder of files isn’t as exciting as, say, a whirring, clicking magic hacking machine we’d see in the movies, this is the stuff an agent would download, use, and delete when trying to take control of a server. Snowden suggests that all of these files were on a staging server somewhere within the Equation Group servers and by admitting they scoured the Group’s “source range” we learn that the Shadow Brokers found one Equation Group server and methodically tried IP addresses in that range.

The hackers have received a little over a bitcoin in their online wallet and no one has come forward to pay for the “best files.”

As for the auction the Equation Group will release the files to the highest bidder and they promise the files are “better than stuxnet,” a virus used to slow down Iran’s nuclear enrichment programs. They wrote:

We auction best files to highest bidder. Auction files better than stuxnet. Auction files better than free files we already give you. The party which sends most bitcoins to address: 19BY2XCgbDe6WtTVbTyzM9eR3LYr6VitWK before bidding stops is winner, we tell how to decrypt. Very important!!! When you send bitcoin you add additional output to transaction. You add OP_Return output. In Op_Return output you put your (bidder) contact info. We suggest use bitmessage or I2P-bote email address. No other information will be disclosed by us publicly. Do not believe unsigned messages. We will contact winner with decryption instructions. Winner can do with files as they please, we not release files to public.

Don’t Panic

The hack of an NSA malware staging server is not unprecedented, but the publication of the take is. Here's what you need to know: (1/x)

— Edward Snowden (@Snowden) August 16, 2016

The files don’t appear to contain any identifying data nor do they clearly point to any single agent in the field. Owning these files on your computer, however, could suggest to a foreign power that you are part of the NSA’s nefarious schemes, a slight concern when crossing borders.

This isn’t a damaging leak, per se. It is a dump of tools used by NSA agents in the field, akin to the image of the TSA master keys used to create 3D printed copies. It’s an embarrassing breach and should have never happened.

This is not new data, either. The hacker seems to have been ejected from the server in June 2013 and unless the auction files contain newer exploits, most of these tools are probably neutered or out of date. Barring some serious file intrusion on an operative’s computer these files cannot identify any single agent or part of the agency. Finding these files is like finding a toolbox on the side of the road. You can figure out if the owner was a carpenter or a plumber based on the tools inside but, without further information, you can’t identify the owner herself.

OK, Panic

The fact that any of this was found is a black eye for the NSA. While Snowden rightly notes that the agency is not made of magic, leaving an entire staging server up, even in the benighted summer of 2013, is a foolish and reckless move. Now that these files are public state actors can easily pin a certain type of attack on the NSA. “This leak is likely a warning that someone can prove US responsibility for any attacks that originated from this malware server,” wrote Snowden. Further, it shows that the NSA is sloppy, something that anyone with a passing knowledge of government IT would understand.

For example, one script recommends that users copy an exploit in place of the common sendmail program.

put /current/bin/FW/DurableNapkin/durablenapkin.solaris. sendmail -> put the tool up as "sendmail"

The NSA hackers go on to describe the close-out commands to be used to shut things down, culminating in the lines:

# Now type GO to send 1 packet or type GO 25 to send 25 packets.. whatever



Considering I read those lines on my insecure MacBook on a beautiful August morning in 2016 it’s clear that someone, somewhere, screwed up. Given that there is an entire file containing further exploits we’re led to wonder where else they slipped.



BitTorrent offers creators cash grants and promotional support through its new Discovery Fund

19:09 | 9 August

Over the past few years, BitTorrent has worked to move beyond its associations with online piracy by giving tools to musicians, filmmakers and other creators so they can distribute and market their work.

Now the company’s taking that mission a step further, by funding the work of a select group of creators. Straith Schreder, BitTorrent’s vice president of creative initiatives, told me that the new Discovery Fund isn’t so much aimed at bringing new movies, songs and other artistic work into existence. Instead, it’s supposed to help that work find an audience.

After all, she said that when BitTorrent surveyed independent creators at the end of last year, they identified online distribution as the biggest challenge they face.

“Basically, your career lives and dies by discovery,” Schreder said.

So BitTorrent will be providing between $2,500 and $100,000 in funding to 25 different creators (BitTorrent might even “stretch” to accommodate more than 25 creators, Schreder said). Some of that funding will come in the form of support and promotion on the BitTorrent platform, but the money could also pay for ad campaigns on other sites.

Nor is the content expected to remain exclusive to BitTorrent — Schreder said the company is just asking for a brief period of exclusivity (seven to 10 days for music, 30 days for video), but after that, the creator can distribute their work however they please. (They also retain ownership of the work.)

“It’s about being able to — via a grant — explore new work across mediums,” Schreder said. “And understanding how to build content, how to build art for the Internet, and being able to back it.”

Related Articles

BitTorrent Now's music and video streaming app comes to iOS, Apple TV BitTorrent Supersizes Sync, With An Enterprise App Built By Onehub And An Expanded API Vimeo Announces $10M Fund For Filmmakers Who Distribute Through Vimeo On Demand
BitTorrent is already announcing one of the winners — the filmmakers behind the dream-focused anthology movie collective:unconscious.

Schreder added that because of the focus on distribution and promotion, BitTorrent is looking for projects that are already in-progress (rather than an idea that you want to get started): “It’s really about getting [the project] over the line, in collaboration with the creator.”

You can read more about the Discovery Fund on the BitTorrent blog.



BitTorrent Now’s music and video streaming app comes to iOS, Apple TV

17:36 | 15 July

BitTorrent’s name may still be associated with piracy, but BitTorrent the company has been working to legitimize the peer-to-peer technology as a tool that can be used to distribute content in legal ways. Its products have over 170 million users, the company claims. Today, its streaming application BitTorrent Now is launching on iOS and Apple TV, in order to allow content creators to tap into that audience.

The app first launched on Android in June, with promises of an iOS release in the near future.

Similar to music streaming apps like SoundCloud, BitTorrent Now allows artists to upload their work to BitTorrent’s platform, where it can then be discovered by a broader community. However, unlike many other services, BitTorrent Now doesn’t limit itself to only one type of content: it can host songs, films, music videos and more from these independent creators.

On mobile, that content was distributed by BitTorrent’s servers in a more traditional fashion, but the company has been working to build in support for peer-to-peer technology. However, the BitTorrent Now network, which is also available on the desktop, is “powered by fans” the company’s website explains – that is, the first people who download content then become the distribution point for others downloading it.

The company says the mobile app still uses a client/server system for the time being, however. This is “temporary,” as the p2p components are being developed.

For the most part, you won’t find today’s big-name, mainstream artists on BitTorrent Now – it’s more about discovering up-and-coming talent. That being said, the company does have a few notable names on board, including The Onion, Super Deluxe, IHEARTCOMIX, Major Lazer, Flume, G-Eazy, A24 Films, Drafthouse Films, David Cross, and The FADER, for example.

The app allows users to follow their favorite artists, create playlists see what’s trending in the BitTorrent community as a whole, and receive curated recommendations. You can also explore the content in the app by genre or tags, like “rock,” “house,” “mixtape,” “folk,” “book,” “comedy,” and others.

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BitTorrent Now also supports background play on iOS and a sharing function (that uses iOS’s native share sheet) if you want to spread word to your friends via social networks, text, or email.

The challenge for BitTorrent Now is in carving out a niche for itself among when there are so many other avenues available for content discovery, including from the “indie” artists that BitTorrent is after. In addition to SoundCloud, artists can share their work on Bandcamp, YouTube, Vimeo, or even their own websites or larger social networks, like Facebook.

However, BitTorrent does allow creators to set their own terms, which gives it an appeal. Using BitTorrent’s “bundles,” artists can give away their content for free, require subscriptions, or ask for payment. The artists also get users’ email addresses, and keep the majority of the proceeds.

But for fans, these varying options mean that, in some cases, you’ll be watching ad-supported content, and in other cases, you’ll need to pay. That can lead to a sort of disjointed experience, which not everyone will find ideal.

The BitTorrent Now app is live now on iTunes and Apple TV.



Windows users finally have a good BitTorrent client

19:03 | 28 March

Popular OS X and Linux BitTorrent client Transmission is coming to Windows. It’s not quite ready for prime time — gHacks spotted the first Windows build on the official repository — but it’s already better than any other Windows BitTorrent client out there.

This isn’t the first build for Windows, as there was an unofficial Windows build under the name Transmission-QT. But this time, it looks like the Transmission team wants to avoid confusion by releasing Windows builds on its website.

According to TorrentFreak, the next version should mark the official release on Transmission’s download page. But nothing is stopping you from downloading the initial release already.

Why is Transmission better than your average BitTorrent client? Transmission is free and doesn’t try to shove any ad down your throat. It’s not cluttered like µTorrent or Vuze as it doesn’t have a built-in video player or search engine.

Transmission is lightweight and open source. It focuses on downloading and does it very well. That’s why OS X and Linux users have used it massively for the past decade. If you’re like me and have purchased a ton of games from Humble Bundle, Transmission and Humble Bundle let me download my large games much more reliably than with a traditional HTTP download.

From my quick testing, it looks like the Windows app has the same features as its OS X counterpart. You can monitor RSS feeds, watch a folder for new .torrent files, control your client from a command-line interface or web interface and more.

Transmission also became famous as a build was recently infected with the first fully functional OS X ransomware. Apple revoked the ransomware’s Mac app development certificate and Transmission quickly released a new build to remove the ransomware. So let’s hope that the Transmission team has enhanced the security of its repository, as well.

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Featured Image: nrkbeta/Flickr UNDER A CC BY-SA 2.0 LICENSE


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