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Here’s the pitch deck that Divvy used to raise a $30 million Series A

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Divvy is one of the many Silicon Valley startups working to change the way people buy homes. For Divvy, it’s specifically interested in providing alternative financing options for potential home buyers who don’t qualify for traditional mortgages.

It does so by purchasing homes outright and allowing customers to pay it back in a series of monthly payments — 25% of that payment goes toward building equity and 75% goes toward paying “rent.”

“The customers do feel like they’re owning a home and they are building up equity within in it,” Divvy CEO Adena Hefets told Business Insider in an interview last November. “The difference is that we’re doing it in a more manageable way.”

Top venture capitalists have bought into Divvy’s methodology as well.

Last October, Divvy raised a $30 million Series A round led by Andreessen Horowitz, with participation from Caffeinated Capital, DFJ, and Affirm CEO, Max Levchin.

Hefets told us that in its first year, Divvy helped buy homes for over 100 customers, but that the company has much higher hopes. Divvy’s official mission, she says, is getting 100,000 families their first homes.

“That’s what we’re trying to do in the next, no more than five years. We want 100,000 homes,” Hefets said. “We want that to be the first home that a family can buy and we want it to be the stepping stone that allows people to transition from renting to eventually owning their own homes.”

Here’s the investor deck that helped Divvy sell its mission to VCs and raise a $30 million Series A (sensitive numbers have been redacted):

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Putin wants his own private internet

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New Russian laws could soon isolate the country’s Runet from the rest of the internet as it seeks to tighten its grip on the information that flows in and out of the country.

A new bill, backed by President Vladimir Putin and Moscow lawmakers, is currently being pushed through parliament which would create a single command post from which local authorities can manage and even halt information flowing across the internet in Russia.

The country’s so called “Sovereign Internet” bill is being portrayed by Putin as a defensive response to the Trump Administration’s new cyber strategy that would allow the US to launch offensive measures against Russia and any other nation states known for committing nefarious activities online.

Andrei Soldatov, author of “The Red Web: The Kremlin’s Wars on the Internet”, told Bloomberg that he thinks the law isn’t aimed at foreign threats but at quelling civil unrest, saying:

“This law isn’t about foreign threats, or banning Facebook and Google, which Russia can already do legally. It’s about being able to cut off certain types of traffic in certain areas during times of civil unrest.” 

Sovereign internet

The law, currently in draft form, was co-authored by KGB veteran Andrei Lugovoi who’s wanted in the UK for the murder of a renegade agent, is actually a mixture of several bills, some of which have been in development for years.

According to Putin, the ultimate goal is to ensure that the Runet continues to function in the event that the US tries to block Russia from accessing the rest of the internet.

If the bill does pass, the country would install special boxes with tracking software at the thousands of exchange points that link it to the rest of the web. These units would feed data into a central nerve center from which regulators could analyze web traffic and reroute traffic that they do not deem appropriate for the Russian populace.

Russian censorship has grown stronger in recent years and if Putin has his way, the country’s internet will soon resemble that of China’s where access to the outside web is blocked by the Great Firewall.

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The Internet Has Become A ‘Completely Out-Of-Control Monster,’ Warns Successor Of Man Who Created It

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Nearly 30 years ago a group of scientists at a Swiss physics institution came up with a novel idea to share data and work between themselves across the globe. The groundbreaking concept was the brainchild of Sir Tim Berners-Lee, whose vision for a “decentralized information management system” eventually gave birth to the world wide web.

Fast forward three decades and the internet has invaded all corners of the globe and governs all areas of life. It has become a power without equal. Some have suggested it has become a Frankenstein’s monster which needs to be reined in, and fast

One such person is Francois Fluckiger, the man who would become Sir Tim’s successor at CERN, the European Organization for Nuclear Research.

The Daily Mail reports that Fluckiger believes fake news, privacy threats, and online bullying have all conspired to turn the internet into a “completely out-of-control monster.”

When Sir Tim left CERN’s web team in 1994, Fluckiger picked up the reins. He has since retired, and although he has hailed the web as one of the three major inventions of the 20th century, he believes it has morphed into something almost unrecognizable from its early days.

“One has to ask oneself if we did not, in the end, create a completely out-of-control monster,” said Fluckiger.

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Bali’s silent day: No flights, internet on New Year

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Bali’s airport will close for 24 hours, the internet will be turned off and streets emptied as the island in Indonesia observes its New Year with an annual day of silence.

‘Nyepi’ begins at 6 AM on Thursday, clearing beaches and all public spaces of people except for special patrols to ensure silence is observed. For the second year, phone companies will turn off the mobile internet on the island, home to more than four million people.

Balinese will stay indoors, covering windows and keeping lights off for the day of reflection.

“A day of silence to mark Saka (Balinese calendar) New Year for us is an opportunity to restart life with a pure heart,” said Wayan Gota, a hotel manager in Kuta, one of the island’s tourist hotspots.

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