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Be aware: In Could, I wrote an article titled “The New Work From House Economic system.” Then in August, I wrote a bit referred to as “Tech Firms Flee California (Lastly).” I like to recommend studying these first should you haven’t.


For many years, California has dominated each know-how and enterprise capital within the U.S. Virtually half of all enterprise capital comes from a tiny space round San Francisco. 

The economic system round Silicon Valley and San Francisco had an unbelievable, multi-decade financial increase as a result of all of the wealth that was created. It appeared like an unstoppable development. 

However that’s all altering now. Even earlier than the present disaster, issues had reached a tipping level in San Francisco. Taxes have been too excessive. Authorities bureaucracies have been too large. Housing was means too costly.

COVID-19 merely sealed the deal. The rise of distant work means folks don’t must pay $4,000 for a single bed room residence in San Francisco to work at a know-how firm. Virtually each tech agency now has distant work choices. Right now you may reside in a fairly priced home in Idaho and nonetheless work for a profitable wage with an enormous tech firm.

Collapsing Hire, Fleeing Firms

Because of this development, rents in San Francisco have collapsed. Based on the residence itemizing service Zumper, the typical one bed room residence in San Fran is down from $3,700 pre-crisis to $2,700 at the moment. That’s a HUGE 27% lower in just some months. A drop like that’s virtually unparalleled.

The newest large tech agency to flee the Bay Space for Texas is HP Enterprise, a tech agency with 2,600 workers. And my August and Could items have many extra examples — this isn’t only a one-time occasion. A few of the most well-known VCs on this planet have additionally not too long ago introduced they’re leaving — together with Keith Rabois

The exodus is underway — and I believe it’s going to proceed for a while. I don’t suppose the complete tech economic system of California goes to break down. The Bay Space will proceed to be the largest innovation heart within the U.S. for years to come back. However severe change is underway, and it’s going to be nice for the remainder of the nation.

ROC (Remainder of Nation)

For these of us that don’t reside in San Francisco, the significance of those modifications can’t be overstated.

Wealth is about to get extra evenly distributed all through the nation. Proficient staff in all places now have a shot to work on the hottest corporations. You don’t must reside in probably the most crowded and costly cities on this planet anymore to take action.

Right now there’s not sufficient innovation occurring exterior of the large tech hubs. I believe that is about to vary. Startups will start to unfold all through the nation like wildfire. 

The power for anybody to be a startup investor has an enormous function to play right here as effectively. As I wrote about a couple of weeks again, the SEC not too long ago elevated the restrict on how a lot startups can increase per 12 months utilizing Regulation Crowdfunding to $5 million (up from $1 million). 

It is a massively vital and (very) well timed enchancment. For a lot of startups, $5 million is sufficient to kickstart loads of progress and innovation — and will probably be occurring throughout the nation. I consider this methodology of funding goes to be vital to progress exterior of the large tech hubs going ahead.

So regardless of all of the challenges we face going ahead, there are additionally many issues to be enthusiastic about. The tech exodus from California is actually close to the highest of the listing.

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It’s rainin’ e-bikes! Possibly it’s the crisp late-autumn air, or possibly it’s only a need to train safely within the nice outside, however no matter it’s, November 2020 will certainly go down as e-bike month right here at Indiegogo. A whopping Three of our prime 5 campaigns go to pedal-assist bicycles, every with its explicit advantages. And the way are you going to energy these pedals? Electrical energy and caffeine after all, and campaigns round every of those aptly spherical out our prime 5. 

Listed here are our prime 5 campaigns for November.

1. Reevo E-Bike

  • $2,253,424 USD raised
  • 1,248 backers
  • Delaware, USA

Our no 1 marketing campaign this month tops the rostrum for a second month in a row. Reevo, a bicycle that would slot in in a sci-fi film, is making its means onto a road close to a lot before its futuristic design would counsel. They’ve cracked the code on spokeless, hubless wheels and are attaching them to a light-weight e-bike body so you’ll be able to flip heads when you flip the cranks. The groundbreaking design additionally affords riders with further cupboard space IN THE CENTER of the wheel rim. So why journey just like the Flintstones in 2021 with a traditional bike? Go full Jetsons with Reevo.

2. Area of interest Zero Espresso Grinder

  • $11,783,891 USD raised
  • 16,609 backers
  • Hampshire, UK

One other acquainted face is available in at quantity 2. One of the best a part of waking up in November was backing the Area of interest Zero espresso grinder, hailed as “a sport changer in espresso grinding.” The Area of interest Zero espresso grinder goals at making barista-quality espresso accessible inside any house kitchen by a design that provides espresso connoisseurs the freshest grind each time.

What makes it so particular? The Area of interest group outfitted the Zero with massive industrial-grade burrs (the machine half that does the grinding) with twice the grind space of ordinary burrs, delivering excellent high quality all whereas leaving the grind unburnt and tasting nice.

3. Biktrix Juggernaut E-bike

  • $1,001,469 USD raised
  • 497 backers
  • Saskatoon, Canada

Our second e-bike pedals in at quantity Three this month. This time it’s the Biktrix Juggernaut, a pedal-assist bicycle that may take you farther and sooner than virtually another manufacturing e-bike on the market. With a prime pace of 35 mph and a max vary of as much as 200 miles, the Juggernaut can take you from New York to the Washington DC suburbs in a single day, all on a single cost. And the actually monstrous clearance for 26”x4.8” tires will preserve you comfy over just about any terrain you’ll be able to throw at it, together with sand, gravel, or mountain bike trails. Is there something the Juggernaut can’t do?

4. ElecHive Moveable Energy Station

  • $875,259 USD raised
  • 686 backers
  • San Diego, CA

Do you know that buying a gasoline generator can set you again as much as $1,000? And naturally the funding doesn’t finish there. As soon as you purchase one, it’s important to fill up on gasoline, preserve oil available, and pay pricey upkeep charges to maintain the darn factor working. Electrical energy stations are altering all of this, and the ElecHive 2200 is main the cost. Due to its superior battery pack expertise, the ElecHive 2200 has reached the final word vitality density for a product of its type. Its highly effective battery can present a large 2,200W of energy output, similar to a normal wall socket, and it packs a mind-bending 2,400Wh, which implies all of your gadgets will keep powered just about so long as you want them. And all this heavy-duty energy suggestions the scales at solely 34 kilos and is as small as a basketball. Rating!

5. Rocket E-bike

  • $1,235,939 USD raised
  • 874 backers
  • Belfast, Northern Eire

Our quantity 5 marketing campaign this month is yet one more e-bike! However in case you’re considering this is rather like the others, nay, it’s a Rocket E-bike, the world’s first e-bike with 100-mile vary, regenerative braking, all-terrain tires, and a compact and foldable body. The Rocket’s progressive design means that you can recapture the pace you scrub whereas braking, placing a few of the energy again into the battery to increase your using time. The Rocket additionally simply folds down in seconds for environment friendly storing in your automotive, workplace, storage, or closet. If you happen to ask us, this rocket is about to take off.

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Serious about exploring extra campaigns? Try our group favorites.

Rankings, quantity raised, and different stats are present as of 11/30/20.

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Blockchain platform VeChain (VET) has up to date the E-HCert App in order that it might transcend sustaining COVID-19 information whereas onboarding one other hospital based mostly in Cyprus.

As talked about in a weblog publish by VeChain, the Coronavirus disaster has proven the world the true worth of digital applied sciences and it has additionally demonstrated their “more and more very important function in healthcare.”

Throughout this previous yr, VeChain, together with I-Dante, labored cooperatively on blockchain-based medical options. Each organizations helped with creating the E-HCert App — which is described as an archival answer for COVID-19 RT-PCR and antibody check information.

As confirmed by the VeChain crew:

“[A new] answer was carried out on the Mediterranean Hospital of Cyprus and between June to August 2020, recorded the check outcomes of greater than 8,000 individuals who subsequently used them as a part of the flight arrival course of on the Worldwide Airport of Larnaca.”

The VeChain growth crew additionally famous:

“Pushed by confirmed worth in an actual world setting, the E-HCert App is now launching its newest iteration; a Digital Lab Check Pockets providing an ecosystem of blockchain-enabled companies, bringing medical check outcomes to the arms of sufferers while healthcare authorities preserve the integrity of the info.” 

After proving its efficacy on the Mediterranean Hospital of Cyprus, one other non-public medical facility, Aretaeio Hospital, has reportedly joined the VeChain ecosystem by integrating the E-HCert App all through its lab testing companies, the announcement confirmed.

The hospital laboratories of Cyprus repeatedly produce giant quantities of knowledge, equivalent to intensive paper trails for lab check outcomes for sufferers. The system depends on the present Laboratory Data Techniques (LIS) answer that assists medical specialists with managing knowledge produced from a sequence of advanced assessments and actions.

In accordance with VeChain, the present processes have “a number of deficiencies.” As an example, the affected person reportedly wants to attend a number of days for the completion of various assessments earlier than with the ability to obtain their outcomes. The hospital laboratory additionally must contact the affected person, present bodily check outcomes whereas the affected person must maintain a tough copy of their ends in good situation in order that they will entry healthcare companies sooner or later.

As healthcare programs proceed to bear numerous integrations with fashionable digital instruments, the “want for compliance with knowledge privateness insurance policies equivalent to GDPR turns into more and more very important,” the VeChain administration crew famous. They added that sufferers “want a legally compliant, non-public and safe methodology to view and share their very own well being data.”

VeChain claims:

“Blockchain know-how represents the most effective alternative to radically reshape the present paradigm and alter the supply of healthcare, check outcomes, therapeutics, diagnostics in addition to advance the method and safety of knowledge trade between events.”

In addition they talked about that E-HCert represents a brand new sort or class of healthcare document system that “combines interoperability, immutability, traceability and compliance.” VeChain’s administration additional famous that for Aretaeio Hospital, after the affected person completes a lab check, the outcomes are mechanically uploaded to the E-HCert app and the VeChainThor public blockchain.

The VeChain crew added:

“Constructed on VeChainThor Blockchain, the E-HCert pockets could be securely accessed utilizing non-public credentials given to the affected person after a registration course of within the Hospital. As soon as full, the info is instantly accessible to its proprietor, out there to be used to show his or her well being standing as required.”

(Word: for extra data on this replace, test right here.)

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