Connect with us

Technology

Here’s why startups like GitLab and InVision are going all-remote

Editor

Published

on

[ad_1]

On New Year’s Day, David Biggar — a support manager at anti-malware company Emsisoft— moved into a fixer-upper RV with his wife.

He’s planning to leave his home in Caldwell, Idaho behind him. Biggar isn’t sure where he and his wife want to grow old together, so they’re going to hit the road and find out — somewhere warmer, perhaps, in the south, or on the coast.

He’s not leaving his job behind, though. In fact, Biggar will keep working from wherever he can find WiFi — a luxury he’s afforded because his whole companies works remotely, from wherever in the world they happen to be.

Emsisoft is just one of a growing number of all-remote tech companies, including well-known startups like GitLab and Zapier.

This kind of arrangement is attractive to both employers and employees: Salaries in Silicon Valley might be sky-high, but so too is the cost of living. By hiring remotely, employers can find the best talent, wherever they are in the world, while also saving on both salaries and office space. And for their part, employees like Biggar get to work from wherever they want.

“The funnest, neatest thing is being able to up and go, as long as it doesn’t impact work performance,” Biggar told Business Insider. “Having the flexibility is amazing, instead of being tied down to an office or a schedule.”

In 2017, 5.2 percent of U.S. workers employees worked from home, according to the last census. As it becomes more socially acceptable in America to work from home, it’s similarly encouraged startups to choose the all-remote path.

“People are just getting to used it,” Adam Ozimek, senior economist at Moody’s Analytics, told Business Insider. “Technologically, it’s been possible for a while. It takes a slow cultural change to allow people to work from home.”

Indeed, towards all-remote companies are changing. Megan Quinn, general partner at Spark Capital, says that just five years ago, most investors would balk at putting money into an all-remote startup. Now, it’s seen as less of a factor — Quinn herself led Spark’s investment in design platform InVision, which is all-remote.

“The thinking was you had to have everyone in the same four walls,” Quinn told Business Insider. “That’s changed really dramatically in the last five years.”

Recruiting the best talent

In Silicon Valley, there’s a war constantly raging to recruit the very best talent. Startups and mega-corporations alike try to lure new recruits with the promise of lavish perks to go with their famously high salaries.

By hiring only remote workers, though, startups are finding that they can bypass that battle altogether. Rather than go toe-to-toe with corporate giants in the major metropolitan areas, all-remote companies are finding success by recruiting from places that traditionally aren’t thought of as tech talent hubs.

Take, for example, Clark Valberg, CEO and co-founder of InVision. After the company raised its first round of funding, he was trying to figure out how he was going to hire engineers. Valberg was based in New York, and Google had just opened a New York office. He realized that, as a startup, it would tough to compete with Google.

“How are we going to hire for engineers when Google is competing for every single engineer we want to hire?” Valberg recounts to Business Insider. “What if we worked with people in places like Arizona? It was basically a hack. It started as a talent hack. I think a lot of companies are thinking of going remote because of the talent crunch.”

Quinn said that while she had some concerns about all-remote companies, the fact that InVision was remote didn’t have any impact on her decision to invest, positively or negatively. Rather, she says that she was impressed by the quality of talent on the InVision team.

“It’s the fact that they’re able to bring the best team possible because they opened their talent pool from San Francisco Bay Area to the entire world,” Quinn said. “It’s more about the people they’re able to bring into the community.”

These employers can be appealing to anybody looking to leave the San Francisco Bay Area, too. Zapier, an all-remote startup that helps integrate business software, actually provides a “de-location package” for people who want to move away from the Bay Area. After it started offering this deal, applications shot up about 50 percent, says Wade Foster, CEO and co-founder of Zapier.

Zapier cofounders Mike Knoop, Bryan Helmig, and Wade Foster.
Zapier

Notably, Foster sees the “de-location package” less as a cost-cutting technique, and more as a recruiting tactic.

“The de-location package started because we had many folks in the Bay Area who were interested in Zapier because it meant they could work at a fast growing company and move out of the Bay Area,” Foster told Business Insider. “It’s a way to appeal to a certain set of folks who would rather work and live somewhere else.”

Read more: The CEO paying employees $10,000 to leave San Francisco explains how it’s helping him build a $20 million business

Cutting costs and living where they want

Still, for many companies, hiring only remote workers is indeed a cost-cutting measure.

“The advantages of an all-remote firm is that you don’t have to buy new office space,” Ozimek, the economist, said. “There are cost savings to the firm by going all remote. You get to reach into a wider number of labor markets. You can cast a wider net. You can hire people living in a low-cost of living area.”

Christian Mairoll, founder and CEO of Emsisoft, made his company all-remote for this reason. When he founded Emsisoft over 15 years ago, he didn’t have the capital to invest in hiring talent from more competitive markets.

“It was just far out of reach,” Mairoll told Business Insider. “I was never a fan of external funding. I was never a fan of venture capital. When the software was reaching a viable level, as you can imagine without a marketing budget, it was a long process.”

Meanwhile, he found developers in Russia and Siberia who were excited about doing work for Emsisoft, and whom Emsisoft could pay at competitive rates for their areas, in turn. And soon, Emsisoft was able to hire more employees and the company grew.

Nowadays, Mairoll lives in rural New Zealand, where he tends to his sheep, chickens, and fruit trees in between meetings with Biggar and Emsisoft’s other 40-plus employees. He doesn’t ever plan to open an office for Emsisoft.

“That’s not the nature of the business,” Mairoll said. “I don’t think it can be mixed very well. When you combine local offices with remote work, you quickly separate the remote workers and don’t see them as full members of the team anymore. I don’t think it would be a smart plan to start a local office.”

Building culture

When employees are spread all over the country and worldwide, not seeing your co-workers face-to-face can be a challenge to building a cohesive company culture. Still, employees at all-remote companies find a way to connect with each other, even if it they mainly interact on chat apps like Slack, or video conferencing systems like Zoom.

At Zapier, employees will occasionally have remote dance parties, where employees record and share gifs of themselves busting a move. At popular code-sharing service GitLab, a bot pairs random employees up for “coffee chats,” where they can talk about work or anything else they want. At Emsisoft, employees meet virtually Sunday evenings to play online board games.

“Something that I like about the culture is the ability to get to know people’s quirks,” Priyanka Sharma, director of alliances at GitLab, told Business Insider. “I’ve had coffee chats where we talk about work or growing vegetables at high altitudes in Colorado. I get to hear about interests and activities that are really different.”

Many of these companies also host regular real-life meetups for their employees, which can sometimes be fairly lavish. GitLab hosts a summit every nine months, with the location changing each time — the next one will be in New Orleans. InVision has rented out resorts and water parks for its employees.

InVision employees at its annual retreat
Invision

Not all fun and games

It’s not all fun and games, though: Remote work requires constant communication. With colleagues all over the world, employees lean heavily on services like Slack and Zoom to collaborate.

“I live on Zoom,” Sharma said.

Quinn says that investors like herself coach entrepreneurs to make sure they fully understand the limitations of relying on these tools for collaboration.

The secret, these companies have found, is transparency. Time zones mean that employees might not always be awake at the same time, so it’s important that as much information as possible is stored out in the open, so employees can make the best possible decision even when their teammates aren’t online.

“You want to be able to solve those problems with the best information available,” Foster, the CEO of Zapier, said. “When you’re asleep at night and someone needs to make a decision, they need to have access to that information.”

GitLab tries to apply this transparent approach to its entire corporate culture. For example, its handbook is completely open to everyone, and any employee can edit it, document how they do their work, or recommend improvements. It posts its goals publicly, such as how it plans to go public in November 2020.

Read more: Investors are betting hundreds of millions of dollars that startups like PagerDuty, GitLab, and CloudBees can change the way software gets made

Dave Munichiello, who led GV (formerly Google Ventures) in its investment in GitLab, recalls that when he was at first “hesitant and skeptical” about the company’s all-remote approach, but was ultimately proved wrong.

“I was a bit skeptical about the fact that a company could scale,” Munichiello said. “I was worried about the cost of a company being geographically separated, but what we learned was what’s very important here was great documentation.”

Still, Munichiello warns that all-remote is only the right strategy if the team is completely on board with the idea and is confident that they can communicate effectively.

Unexpected pitfalls of remote

At the same time, the introduction of all-remote workforces introduce unique challenges.

For instance, Barbie Brewer, chief culture officer at GitLab, says that hiring outside of Silicon Valley gives it access to upper-tier talent that would otherwise go ignored. At the same time, it’s surprisingly complicated to figure out how to compensate that talent fairly — if pay is based on each employee’s cost of living, it raises the very real possibility that two people doing the same work with the same job title will see a huge disparity in their salary.

“Paying someone in San Francisco the same as you’d pay someone in Nigeria might be nice on paper, but in reality, one of you will be very well-off, while the other is average,” Brewer said. “Or one will be very poor and not able to afford a place to live while the other is doing great. We try to have parity as much as possible, but that doesn’t mean everything based on where you live will be the same.”

To try to normalize the pay range, GitLab has committed to a policy that no employee will be paid less than 41% of what an employee would be making for the same work if they lived in San Francisco.

What it’s like to work remote all the time

At the same time, employees see tangible benefits in not having a physical office.

Employees at all-remote companies don’t have to commute, have lots more flexibility around working hours, and generally get more hours in their day for family time, medical appointments, physical fitness, and other important things that can otherwise go neglected.

Brewer, for her part, says that working remotely has allowed her continue working while taking care of her children, and more recently, start chemotherapy treatments without having to take time off.

Elsewhere in the world, Frank Huisman left a job where had to drive over 100 miles from his farm in rural Portugal to get to work. The company had an apartment that he could stay in on weekdays, but he still found it exhausting to drive two hours after a long workday to return home for the weekend.

Now, as a quality assurance manager at Emsisoft, he uses the time that he was spending on his commute to instead clean the stables and run errands like groceries and going to the post office.

“I don’t really miss working in an office,” Huisman told Business Insider. “There are a lot of advantages to working remotely. There’s no cars, no traffic jams…On the computer, I can really focus on my work. I think the biggest challenge is to keep focused and to make yourself be honest to your employer that you really make the hours.”

Priyanka Sharma, director of alliances at GitLab, occasionally works in her onesie.
Priyanka Sharma

Indeed, GitLab’s Sharma says that it’s very important for remote workers to be self-starters, while at the same time making sure you find ways to separate your work life from your home life. She says it’s tempting to default to working from your bed in pajamas — so she makes it a habit to get dressed for work, even though she’s not going into an office, just to make sure her brain shifts gears into work mode.

“The one thing you do is wake up, get dressed, and then you start work,” Sharma said. “Just that one thing has made my day so productive.”

Nailing that balance, though, has many rewards, she says.

“I’ve had the privilege of working with people around the world,” Sharma said. “My worldview has changed. I’ve learned about other parts of the world without leaving my room. I’ve really learned and appreciated that intelligence and competence doesn’t have a zip code…I think the world is changing and remote is making that happen.”

Biggar would likely agree. He’ll start his day with coffee and breakfast with his wife at a nearby restaurant, where he will begin doing his work. This routine is about to change when he takes off in his RV with his wife, but for the most part, his work schedule won’t.

“It’s really kind of a dream job. I can’t imagine anything better, especially since I’m getting older,” Biggar said. “As long as you can arrange your priorities right and be responsible, this is an amazing kind of thing.”

[ad_2]

Source link

قالب وردپرس

Technology

The 3 Best Canadian Tech Stocks I Would Buy With $3,000 for 2021

Editor

Published

on

By

The majority of the Canadian tech stocks went through the roof in 2020 and delivered outsized returns. However, tech stocks witnessed sharp selling in the past 10 days, reflecting valuation concerns and expected normalization in demand. 

As these high-growth tech stocks shed some of their gains, I believe it’s time to accumulate them at current price levels to outperform the broader markets by a significant margin in 2021. Let’s dive into three tech stocks that have witnessed a pullback and are looking attractive bets. 

Lightspeed POS

Lightspeed POS (TSX:LSPD)(NYSE:LSPD) stock witnessed strong selling and is down about 33% in the last 10 days. I believe the selloff in Lightspeed presents an excellent opportunity for investors to invest in a high-growth and fundamentally strong company. 

Lightspeed witnessed an acceleration in demand for its digital products and services amid the pandemic. However, with the easing of lockdown measures and economic reopening, the demand for its products and services could normalize. Further, it faces tough year-over-year comparisons. 

Despite the normalization in demand, I believe the ongoing shift toward the omnichannel payment platform could continue to drive Lightspeed’s revenues and customer base. Besides, its accretive acquisitions, growing scale, and geographic expansion are likely to accelerate its growth and support the uptrend in its stock. Lightspeed stock is also expected to benefit from its growing average revenue per user, innovation, and up-selling initiatives.     

Shopify 

Like Lightspeed, Shopify (TSX:SHOP)(NYSE:SHOP) stock has also witnessed increased selling and has corrected by about 22% in the past 10 days. Notably, during the most recent quarter, Shopify said that it expects the vaccination and reopening of the economy to drive some of the consumer spending back to offline retail and services. Further, Shopify expects the pace of shift toward the e-commerce platform to return to the normal levels in 2021, which accelerated in 2020.

Despite the normalization in the pace of growth, a strong secular shift towards online commerce could continue to bring ample growth opportunities for Shopify, and the recent correction in its stock can be seen as a good buying opportunity. 

Shopify’s initiatives to ramp up its fulfillment network, international expansion and growing adoption of its payment platform are likely to drive strong growth in revenues and GMVs. Moreover, its strong new sales and marketing channels bode well for future growth. I remain upbeat on Shopify’s growth prospects and expect the company to continue to multiply investors’ wealth with each passing year. 

Docebo 

Docebo (TSX:DCBO)(NASDAQ:DCBO) stock is down about 21% in the last 10 days despite sustained momentum in its base business. The enterprise learning platform provider’s key performance metrics remain strong, implying that investors should capitalize on its low stock price and start accumulating its stock at the current levels. 

Docebo’s annual recurring revenue or ARR (a measure of future revenues) continues to grow at a brisk pace. Its ARR is expected to mark 55-57% growth in Q4. Meanwhile, its top line could increase by 48-52% during the same period. The company’s average contract value is growing at a healthy rate and is likely to increase by 22-24% during Q4. 

With the continued expansion of its customer base, geographical expansion, innovation, and opportunistic acquisitions, Docebo could deliver strong returns in 2021 and beyond.

Continue Reading

Technology

Manitoba to invest $6.5 million in new systems

Editor

Published

on

By

WINNIPEG – The province of Manitoba is investing $6.5 million over three years to replace technical systems used in healthcare facilities, including replacing current voice dictation and transcription services with more modern systems and upgrading the Provincial Health Contact Centre (PHCC)’s triage, call-recording and telephone systems, Health and Seniors Care Minister Heather Stefanson (pictured) announced.

“Our government is investing in the proper maintenance of information and communications technology to ensure digital health information can be safely stored and shared as needed,” said Stefanson. “These systems will ensure healthcare facilities can continue to provide high-quality services and allow Manitobans to get faster access to healthcare resources and information.”

Dictation, transcription and voice-recognition services are used by healthcare providers to write reports. There are currently approximately 80 healthcare sites across Manitoba using some combination of dictation, transcription and voice-recognition services. Many of these systems are nearing the end of their usable lifespans.

“Across our health system, radiologists and nuclear medicine physicians use voice-dictation services to help create diagnostic reports when reading imaging studies like ultrasound, nuclear medicine studies, X-rays, angiography, MRI and CT scans,” said Dr. Marco Essig, provincial specialty lead, diagnostic imaging, Shared Health. “Enhanced dictation and voice-recognition services will enable us to work more efficiently and provide healthcare providers with quicker access to these reports that support the diagnoses and treatment of Manitobans every day.”

The project will replace telephone-based dictation and transcription with voice-recognition functions, upgrade voice-recognition services for diagnostic imaging and enhance voice-recognition tools for mobile devices.

“Investing in more modern voice-transcription services will help our health-care workers do the administrative part of their jobs more quickly and effectively so they can get back to the most important part of their work – providing top-level healthcare and protecting Manitobans,” said Stefanson. “The transition to the new system will be made seamlessly so that services disruptions, which can lead to patient care safety risks, will not occur.”

The new systems will be compatible with other existing systems, will decrease turnaround times to improve patient care and will be standardized across the province to reduce ongoing costs and allow regional facilities to share resources as needed, Stefanson added.

The PHCC is a one-stop shop for incoming and outgoing citizen contact and supports programs such as Health Links–Info Santé, TeleCARE TeleSOINS and After-Hours Physician Access, as well as after-hours support services to public health, medical officers of health, home care and Manitoba Families.

The current vendor that supplies communications support to the PHCC is no longer providing service, making it an opportune time to invest in an upgraded system that will provide better service to Manitobans, the minister said, adding the project will provide the required systems and network infrastructure to continue providing essential services now and for the near future.

“The PHCC makes more than 650,000 customer service calls to Manitobans per year to a broad spectrum of clients with varied health issues. This reduces the need for people to visit a physician, urgent care or emergency departments,” said Stefanson. “The upgrade will also allow Manitobans in many communities to continue accessing the support they need from their home or local health centre, reducing the need for unnecessary travel.”

Continue Reading

Technology

Telus and UHN deliver services to the marginalized

Editor

Published

on

By

Telus’s Health for Good program has launched the latest of its specially equipped vans to provide medical services to the homeless and underserved, this time to the population of Toronto’s west end. The project relies not only on the hardware and software – the vans and technology – but on the care delivered by trained and socially sensitive medical professionals.

For the Toronto project, those professionals are working at the University Health Network’s Social Medicine program and the Parkdale Queen West Community Health Centre. The city’s Parkdale community, in the west end, has a high concentration of homeless and marginalized people.

First launched in 2014, Telus’s Health for Good program has delivered mobile clinics to 13 Canadian cities, from Victoria to Halifax. Originally designed to deliver primary care, the program pivoted to meet the needs of patients in the COVID-19 pandemic, said Nimtaz Kanji, Calgary-based director of Telus Social Purpose Programs.

Angela Robertson of the Parkdale Queen West Community Health Centre (CHC) asserted that marginalized people are particularly susceptible to the spread of COVID-19, as they don’t have access to the basic precautions that prevent its spread.

The clinic is located near a Pizza Pizza franchise; homeless people shelter under its overhang on the weekends, she said. Some have encampments under nearby bridges.

“The public health guidelines and requirements call for things that individuals who are homeless don’t have,” Robertson said. “If the response calls for isolation, that suggests people have places to isolate in.”

And in the shelter system, pre-COVID, the environment was very congregate, with many people in the same physical space, said Robertson. Some homeless persons, in order to keep themselves safe, have created encampments, and the city has opened up some hotel rooms across the city to create spaces for physical distancing.

Even proper hand-washing and hygiene becomes a challenge for the homeless.

“COVID calls for individuals to practice constant hand-washing. Oftentimes, individuals who are homeless use public washroom facilities that may be in restaurants or coffee shops, and many of those spaces are now closed. So there are limitations to accessing those facilities. It’s not like they’re in a community where there are public hand-washing facilities for people who are homeless.”

The mobile health clinic allows the CHC to take “pop-up testing” into communities where there is high positivity and where additional COVID testing is needed. The CHC can take testing into congregate sites and congregate housing to provide more testing, Robertson said.

“The other piece that we will use the van to do is, when the vaccine supply gets back online, and when the health system gets to doing community vaccinations … we hope that we can be part of that effort.”

COVID has contributed to a spike in cases of Toronto’s other pandemic: opioid overdoses. Some community members are reluctant to seek care because of the stigma attached to substance abuse; and COVID has a one-two punch for users.

The first rule of substance abuse is, don’t use alone; always be with someone who can respond to a potential overdose, ideally someone who can administer Nalaxone to reverse the effects of the overdose, Robertson said. “It’s substance abuse 101,” and the need for social distancing makes this impossible.

Secondly, COVID has affected the supply chain of street drugs. As a result, they’re being mixed increasingly with “toxic” impurities like Fentanyl that can be deadly.

The van itself is a Mercedes Sprinter, modified by architectural firm éKM architecture et aménagement and builder Zone Technologie, both based in Montréal. According to Car and Driver magazine, the Sprinter line – with 21 cargo models and 10 passenger versions – is “considered by many to be the king of cargo and passenger vans.”

Kanji said the platform was chosen for its reputation for reliability and robustness.

While the configuration is customized for each mobile clinic, it generally consists of two sections: A practitioner’s workstation and a more spacious and private examination room, so patients can receive treatment with privacy and dignity, Kanji said. The Parkdale clinic is 92 square feet.

“While the layouts vary across regions, they typically include an examination table and health practitioners’ workstation, including equipment necessary to provide primary healthcare,” the Telus vice-president of provider solutions wrote in an e-mail interview. The Parkdale Queen West mobile clinic is designed for primary medical services, including wound care, mobile COVID-19 testing and vaccination efforts, harm reduction services, mental healthcare and counseling.

The clinic equipped with an electronic medical record (EMR) from TELUS Health and TELUS LTE Wi-Fi network technology.

Practitioners will be able to collect and store patient data, examine a patient’s results over time, and provide better continuity of care to those marginalized citizens who often would have had undocumented medical histories.

The EMR system is Telus Health’s PS Suite (formerly Practice Solutions). It is an easy-to-use, customizable solution for general and specialty practices that captures, organizes, and displays patient information in a user-friendly way. The solution allows for the electronic management of patient charts and scheduling, receipt of labs and hospital reports directly into the EMR, and personalization of workflows with customizable templates, toolbars, and encounter assistants.

But like others tested for COVID, it’s a 24-48 hour wait for results. Pop-up or not, how does the mobile team get results to patients who have no fixed address?

The CHC set up a centre for testing in a tent at the Waterfront Community Centre. Swabs are sent to the lab. “We are responsible for connecting back with community members and their results,” Robertson said.

“This is the value of having Parkdale Queen West being in front of the testing, because many of the community members who are homeless we know through our other services, and there is some trust in folks either coming to us to make arrangements to collect their results, or we know where they are.”

This is a key element of the program, said Kanji – leveraging community trust. In Vancouver downtown east side, for example, where there is a high concentration of marginalized members of the indigenous community, nurse practitioners are accompanied by native elders in a partnership with the Kilala Lelum Health Centre.

Continue Reading

Chat

Trending