logo
VC giant Andreessen Horowitz's power move has spurred some niche drama at New York Tech Week

VC giant Andreessen Horowitz's power move has spurred some niche drama at New York Tech Week

Venture capital juggernaut Andreessen Horowitz (A16z) pulled a power move at this year's Tech Week — and it's become the conference's most compelling niche drama.
Tech Week, whose current iteration was started by A16z in 2022, returned to New York City this month with a full calendar of events just as the city started heating up for summer. The conference's "decentralized" nature means anyone can throw an event and apply to have it added to the official calendar, provided they follow a set of rules.
However, one of this year's new rules has drawn criticism from some organizers and attendees: Official tech week events must use Partiful.
"The only official events platform this year is Partiful," the 2025 Tech Week guide says.
That's left Luma, a competing events platform popular at previous iterations of Tech Week, out in the cold. Versions of Tech Week's events FAQ document from 2023 and 2024 said events could use either Luma or Partiful.
And here's what's gotten tongues wagging: A16z is invested in Partiful, but not in Luma.
"I get the Partiful push this year. It's a portfolio company. Of course they're gonna try to make it the default," Olivia O'Sullivan, a partner and COO at Forum VC, wrote in a LinkedIn post critiquing the platform that led to a barrage of comments.
"Hot take: next year, the people should take back NY Tech Week and bring back Luma as the default platform," she wrote.
The change has been a headache for some organizers.
Daniel Oberhaus, the founder of PR firm Haus, told Business Insider he couldn't get his defense tech rooftop party listed on the formal Tech Week schedule because he had used Luma to invite guests.
"Most conferences we attend tend to be run through Luma," he said.
When Oberhaus asked Tech Week organizers to add his event to the official calendar, they requested that he delete the Luma invite and remake it only on Partiful, he said. Oberhaus decided to keep the initial Luma invite since "hundreds of people" had already signed up.
"Perhaps it's egg on our face in the sense that we should have just made a Partiful to begin with, but we were just using the platform we were familiar with," he said. "We had plenty of people in attendance, and we're just not on the official page now, which is, I think, a bit of a bummer for a distributed conference."
Other event organizers and attendees also groused about the changes to what they said was once a free-wheeling gathering for the technorati with few rules on how events should or shouldn't be run.
Luma cofounder Victor Pontis was measured in his response when asked for comment on the shift, but nodded to the power dynamics at play.
"With successful initiatives like this, people naturally try to claim ownership since it's valuable and well-known," Pontis said. "Having control over what qualifies as a Tech Week event gives some power."
Partiful vs. Luma
Founded in 2020 by ex-Palantir staffers, Partiful has become a go-to app for young people hosting shindigs and offers a one-stop shop for hosts to customize their event pages and send text blasts and updates.
Partiful has become especially popular in tech circles and among the under-30 crowd, and has been used by some Tech Week organizers in New York and LA in previous years.
For some Tech Week attendees at this year's New York events, however, Partiful was a new — and not necessarily preferred — platform for RSVPs.
Luma, also founded in 2020, has been a favorite event management platform for many in the tech world.
Jacob Wallach, the creator behind the TikTok account Excel Daddy, told BI that when he attended Tech Week events last year, "it felt like everything was on Luma." Wallach also hosts events regularly in New York and typically uses Luma for managing RSVPs.
On the other hand, Wallach said, Partiful is the app he and his peers often use for "birthdays, house parties, barbecues."
Despite the drama, being the sole official platform could be a boon for Partiful.
Natalie Neptune, founder of GenZtea, hosted multiple events this Tech Week. She used Partiful for these, which made it onto the official calendar, but said she typically uses Luma.
"I started using Luma last year just because New York Tech Week used Luma," Neptune said.
That same flywheel, if all goes well, could come to Partiful. The platform has also rolled out tools specifically for professional events, like collecting emails for RSVPs and syncing with calendars.
Neptune said she thinks New York Tech Week and A16z's focus on Partiful this year "definitely will have more people" using the platform.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

How the unraveling of two Pentagon projects may result in a costly do-over
How the unraveling of two Pentagon projects may result in a costly do-over

Yahoo

timean hour ago

  • Yahoo

How the unraveling of two Pentagon projects may result in a costly do-over

By Alexandra Alper WASHINGTON (Reuters) -Donald Trump's Navy and Air Force are poised to cancel two nearly complete software projects that took 12 years and well over $800 million combined to develop, work initially aimed at overhauling antiquated human resources systems. The reason for the unusual move: officials at those departments, who have so far put the existing projects on hold, want other firms, including Salesforce and billionaire Peter Thiel's Palantir, to have a chance to win similar projects, which could amount to a costly do-over, according to seven sources familiar with the matter. Trump took office vowing to rid the government of what he calls waste and abuse. The website of the Department of Government Efficiency, the agency he created to spearhead those efforts, lists over $14 billion in Defense Department contracts it claims to have cancelled. But seven months into his presidency, some of his own actions have complicated DOGE's work, from firing the Pentagon's inspector general to issuing an executive order prioritizing speed and risk-taking in defense acquisitions. Coupled with high-level vacancies in the Navy and Air Force that persisted well into the summer, the moves limit oversight of the Pentagon's contracting process and risk wasting hundreds of millions of additional taxpayer dollars as old projects are thrown out and new projects are agreed to, Reuters reporting based on sources, internal emails and documents, shows. 'There is a very real sense that we are in the regulatory Wild West with this administration – and it should come as no surprise that the traditional limits of 'normal contracting' are repeatedly going to be pushed and pressed in this environment,' said Franklin Turner, a federal contracting lawyer at McCarter & English. He said it is legal for the government to terminate any contract "for convenience," but said the Pentagon would be on the hook to reimburse the companies for wind-down costs plus take on the cost of any new replacement project. Trump officials say the administration is striving to make the contracting process more efficient. "Defense Secretary Hegseth is doing a great job restoring a focus on warfighters at the DOD while carrying out the American people's agenda to more effectively steward taxpayer dollars," White House Deputy Press Secretary Anna Kelly said in a statement. Pentagon Press Secretary Kingsley Wilson said the agency is taking "swift action" to fix the "antiquated" defense contracting process by implementing Trump's executive orders. "This is how we will rebuild the military with necessary speed while ensuring taxpayer dollars are spent wisely in the process,' she added. 'STRATEGIC PAUSE' In 2019, Accenture said it had won a contract to expand an HR platform to modernize the payroll, absence management, and other HR functions for the Air Force with Oracle software. The project, which includes other vendors and was later expanded to include Space Force, grew to cost $368 million and was scheduled for its first deployment this summer at the Air Force Academy. An April "status update" on the project conducted by the Air Force and obtained by Reuters described the project as "on track," with initial deployment scheduled for June, noting that it would end up saving the Air Force $39 million annually by allowing it to stop using an older system. But on May 30, Darlene Costello, then-Acting assistant Secretary of the Air Force, sent out a memo placing a "strategic pause" on the project for ninety days and calling for the study of alternate technical solutions, according to a copy of the memo seen by Reuters that was previously unreported. Costello, who has since retired, was reacting to pressure from other Air Force officials who wanted to steer a new HR project to SalesForce and Palantir , three sources said. Palantir co-founder Thiel was an early backer of President Donald Trump and has close ties with key Washington lawmakers, including Vice President JD Vance, whom he supported in a 2022 U.S. Senate race. Palantir in April won a $30 million contract from the U.S. Immigration and Customs Enforcement to develop an operating system that identifies undocumented immigrants and tracks self-deportations, its largest single award from the agency among 46 federal contract actions since 2011. The Air Force said in a statement that it "is committed to reforming acquisition practices, assessing the acquisition workforce, and identifying opportunities to improve major defense acquisition programs." Accenture, Costello, Palantir and SalesForce did not respond to requests for comment. Space Force, which operates within the Air Force, was set to receive the Air Force's new payroll system in the coming months. But it is also pulling out of the project because officials there want to launch yet another HR platform project to be led by Workday, according to three people familiar with the matter. The service put out a small business tender on May 7 for firms to research HR platform alternatives, with the goal of selecting a company that will recommend Workday as the best option, the people said. Space Force did not respond to multiple requests for comment. Now the Air Force and Space Force "want to start over with vendors that do not meet their requirements, leading to significant duplication and massive costs," said John Weiler, director of the Information Technology Acquisition Advisory Council, a government-chartered nonprofit group that makes recommendations to improve federal IT contracting. Oracle said in a statement it was "working closely with DOGE to accelerate the government's transformation to modern technology at the best price for the taxpayer." 'BEYOND EXASPERATED' In 2022, the Honolulu-based Nakupuna Companies took over a 2019 project with other firms to integrate the Navy's payroll and personnel systems into one platform using Oracle software and known as "NP2". The project, which has cost about $425 million since 2023, according to the Government Accountability Office, was set to be rolled out earlier this year after receiving a positive review by independent reviewer and consulting firm Guidehouse in January, according to a copy obtained by Reuters. But the head of Navy's human resources, now retired Admiral Rick Cheeseman, sought to cancel the project according to a June 5 memo seen by Reuters, directing another official to "take appropriate contractual actions" to cancel the project. Navy leaders instead mandated yet another assessment of project, according to a memo seen by Reuters, leaving it in limbo, two sources said. Cheeseman's reason for trying to kill the project was his anger over a decision by DOGE earlier this year to cancel a $171 million contract for data services provider Pantheon Data that essentially duplicated parts of the HR project. In an email obtained by Reuters, he threatened to withhold funding from the Nakupuna-led project unless the Pantheon contract was restored. "I am beyond exasperated with how this happened," Cheeseman wrote in a May 7 email to Chief Information Officer Jane Rathbun about the contract cancellation, arguing the Pantheon contract was not "duplicative of any effort." "From where I sit, I'm content taking every dime away from NP2 in order to continue this effort," he added in the email. Cheeseman did not respond to a request for comment. Rathbun and Pantheon Data declined to comment. The pausing of NP2 was "unexpected, especially given that multiple comprehensive reviews validated the technical solution as the fastest and most affordable approach," Nakupuna said in a statement, adding it was disappointed by the change because the project was ready to deploy. The Navy said it "continues to prioritize essential personnel resources in support of efforts to strengthen military readiness through fiscal responsibility and departmental efficiency." Solve the daily Crossword

How the unraveling of two Pentagon projects may result in a costly do-over
How the unraveling of two Pentagon projects may result in a costly do-over

Yahoo

time2 hours ago

  • Yahoo

How the unraveling of two Pentagon projects may result in a costly do-over

By Alexandra Alper WASHINGTON (Reuters) -Donald Trump's Navy and Air Force are poised to cancel two nearly complete software projects that took 12 years and well over $800 million combined to develop, work initially aimed at overhauling antiquated human resources systems. The reason for the unusual move: officials at those departments, who have so far put the existing projects on hold, want other firms, including Salesforce and billionaire Peter Thiel's Palantir, to have a chance to win similar projects, which could amount to a costly do-over, according to seven sources familiar with the matter. Trump took office vowing to rid the government of what he calls waste and abuse. The website of the Department of Government Efficiency, the agency he created to spearhead those efforts, lists over $14 billion in Defense Department contracts it claims to have cancelled. But seven months into his presidency, some of his own actions have complicated DOGE's work, from firing the Pentagon's inspector general to issuing an executive order prioritizing speed and risk-taking in defense acquisitions. Coupled with high-level vacancies in the Navy and Air Force that persisted well into the summer, the moves limit oversight of the Pentagon's contracting process and risk wasting hundreds of millions of additional taxpayer dollars as old projects are thrown out and new projects are agreed to, Reuters reporting based on sources, internal emails and documents, shows. 'There is a very real sense that we are in the regulatory Wild West with this administration – and it should come as no surprise that the traditional limits of 'normal contracting' are repeatedly going to be pushed and pressed in this environment,' said Franklin Turner, a federal contracting lawyer at McCarter & English. He said it is legal for the government to terminate any contract "for convenience," but said the Pentagon would be on the hook to reimburse the companies for wind-down costs plus take on the cost of any new replacement project. Trump officials say the administration is striving to make the contracting process more efficient. "Defense Secretary Hegseth is doing a great job restoring a focus on warfighters at the DOD while carrying out the American people's agenda to more effectively steward taxpayer dollars," White House Deputy Press Secretary Anna Kelly said in a statement. Pentagon Press Secretary Kingsley Wilson said the agency is taking "swift action" to fix the "antiquated" defense contracting process by implementing Trump's executive orders. "This is how we will rebuild the military with necessary speed while ensuring taxpayer dollars are spent wisely in the process,' she added. 'STRATEGIC PAUSE' In 2019, Accenture said it had won a contract to expand an HR platform to modernize the payroll, absence management, and other HR functions for the Air Force with Oracle software. The project, which includes other vendors and was later expanded to include Space Force, grew to cost $368 million and was scheduled for its first deployment this summer at the Air Force Academy. An April "status update" on the project conducted by the Air Force and obtained by Reuters described the project as "on track," with initial deployment scheduled for June, noting that it would end up saving the Air Force $39 million annually by allowing it to stop using an older system. But on May 30, Darlene Costello, then-Acting assistant Secretary of the Air Force, sent out a memo placing a "strategic pause" on the project for ninety days and calling for the study of alternate technical solutions, according to a copy of the memo seen by Reuters that was previously unreported. Costello, who has since retired, was reacting to pressure from other Air Force officials who wanted to steer a new HR project to SalesForce and Palantir , three sources said. Palantir co-founder Thiel was an early backer of President Donald Trump and has close ties with key Washington lawmakers, including Vice President JD Vance, whom he supported in a 2022 U.S. Senate race. Palantir in April won a $30 million contract from the U.S. Immigration and Customs Enforcement to develop an operating system that identifies undocumented immigrants and tracks self-deportations, its largest single award from the agency among 46 federal contract actions since 2011. The Air Force said in a statement that it "is committed to reforming acquisition practices, assessing the acquisition workforce, and identifying opportunities to improve major defense acquisition programs." Accenture, Costello, Palantir and SalesForce did not respond to requests for comment. Space Force, which operates within the Air Force, was set to receive the Air Force's new payroll system in the coming months. But it is also pulling out of the project because officials there want to launch yet another HR platform project to be led by Workday, according to three people familiar with the matter. The service put out a small business tender on May 7 for firms to research HR platform alternatives, with the goal of selecting a company that will recommend Workday as the best option, the people said. Space Force did not respond to multiple requests for comment. Now the Air Force and Space Force "want to start over with vendors that do not meet their requirements, leading to significant duplication and massive costs," said John Weiler, director of the Information Technology Acquisition Advisory Council, a government-chartered nonprofit group that makes recommendations to improve federal IT contracting. Oracle said in a statement it was "working closely with DOGE to accelerate the government's transformation to modern technology at the best price for the taxpayer." 'BEYOND EXASPERATED' In 2022, the Honolulu-based Nakupuna Companies took over a 2019 project with other firms to integrate the Navy's payroll and personnel systems into one platform using Oracle software and known as "NP2". The project, which has cost about $425 million since 2023, according to the Government Accountability Office, was set to be rolled out earlier this year after receiving a positive review by independent reviewer and consulting firm Guidehouse in January, according to a copy obtained by Reuters. But the head of Navy's human resources, now retired Admiral Rick Cheeseman, sought to cancel the project according to a June 5 memo seen by Reuters, directing another official to "take appropriate contractual actions" to cancel the project. Navy leaders instead mandated yet another assessment of project, according to a memo seen by Reuters, leaving it in limbo, two sources said. Cheeseman's reason for trying to kill the project was his anger over a decision by DOGE earlier this year to cancel a $171 million contract for data services provider Pantheon Data that essentially duplicated parts of the HR project. In an email obtained by Reuters, he threatened to withhold funding from the Nakupuna-led project unless the Pantheon contract was restored. "I am beyond exasperated with how this happened," Cheeseman wrote in a May 7 email to Chief Information Officer Jane Rathbun about the contract cancellation, arguing the Pantheon contract was not "duplicative of any effort." "From where I sit, I'm content taking every dime away from NP2 in order to continue this effort," he added in the email. Cheeseman did not respond to a request for comment. Rathbun and Pantheon Data declined to comment. The pausing of NP2 was "unexpected, especially given that multiple comprehensive reviews validated the technical solution as the fastest and most affordable approach," Nakupuna said in a statement, adding it was disappointed by the change because the project was ready to deploy. The Navy said it "continues to prioritize essential personnel resources in support of efforts to strengthen military readiness through fiscal responsibility and departmental efficiency." Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información

Hedge Fund Eisler Sued by Ex-Trader It Fired After His Arrest for £2.5 Million
Hedge Fund Eisler Sued by Ex-Trader It Fired After His Arrest for £2.5 Million

Bloomberg

time4 hours ago

  • Bloomberg

Hedge Fund Eisler Sued by Ex-Trader It Fired After His Arrest for £2.5 Million

Eisler Capital was sued by an ex-trader it fired over a delay in disclosing his arrest during a short-lived employment at the hedge fund. Bharat Garg is seeking about £2.5 million ($3.4 million) from Eisler in London alleging the hedge fund wrongfully dismissed him in December, according to court filings. Garg's arrest in November over an allegation of a sexual nature was 'not connected in any way with his employment' and the criminal investigation was dropped days after he lost the job, his lawyers said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store