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The FAA’s new rules for flying drones in the US won’t allow Amazon to deliver packages by air

Feb16
by on February 16, 2015 at 5:36 am
Posted In: Around the Web, drones, Insider, UAS

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The US’ Federal Aviation Administration and Department of Transportation have unveiled a proposal for rules governing the use of drones in the country. The regulations [PDF link] aim to maintain aviation safety standards, but also make it difficult for companies hoping to use drones to courier packages. The listed limitations include flying unmanned aircraft weighing less than 55lb only between sunrise and sunset, and keeping the drone within a pilot’s line of sight, under 500 feet altitude. Operators are also prohibited from dropping cargo from drones. That effectively kills Amazon’s plans for revolutionizing its delivery methods. Paul Misener, Amazon vice-president…

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LG’s new smartwatch is a stylish all-metal affair

Feb16
by on February 16, 2015 at 4:27 am
Posted In: Around the Web, Gadgets, MWC2015, smartwatch

LG Watch Urbane
LG is set to unveil the Watch Urbane, its latest Android Wear smartwatch that features a round stainless steel body and full circular Plastic OLED (P-OLED) display at this year’s Mobile World Congress next month. Aimed at fashion-conscious gadget aficionados, the Watch Urbane looks more like a traditional timepiece and features a narrower bezel than the sporty G Watch R, and comes in polished silver and gold finishes. It also has a natural leather strap that can be replaced with any 22mm wide band to suit the wearer’s style. Under the hood, it’s quite similar to the Watch R. It…

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Apple might be working on a car, but it probably won’t see the light of day anytime soon

Feb15
by on February 15, 2015 at 8:31 pm
Posted In: Analysis and Opinion, Around the Web, Insider, Opinion

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Rumors are swirling this week that Apple has quietly been building a car for the last year. The Wall Street Journal reported last week that Apple plans to build a 1,000-strong team for working on its car project: The Cupertino, Calif., company has several hundred employees working secretly toward creating an Apple-branded electric vehicle, according to people familiar with the matter. The project, code-named “Titan,” initially is working on the design of a vehicle that resembles a minivan, one of the people said. The timing of this report is interesting, considering that just last week rumor sites spotted an Apple-owned minivan cruising around. via…

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A first-time founder’s guide to term sheets: Equity investments, continued

Feb15
by on February 15, 2015 at 7:05 pm
Posted In: Analysis and Opinion, Around the Web, Entrepreneur

termsheets3
Andrej Kiska is an Associate at Credo Ventures. If you haven’t read the first part on equity term sheets, I strongly recommend doing so before moving on. For a general introduction to term sheets and the trade-off between high valuation and complex investment structure, please refer to the introductory post to the guide. Let’s dig into the remaining set of terms entrepreneurs can typically find in an equity-round term sheet, which the first post didn’t cover. They are mostly the complex points, which are often misunderstood and can lead to serious quarrels. The terms Liquidation preference: a very important clause…

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