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This November, Election Night Could Stretch Into Election Week Or Month

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Nina Ahmad declared victory as the Democratic nominee for Pennsylvania auditor general nine days after the state’s June 2 primary. Matt Rourke/AP hide caption

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Matt Rourke/AP

Nina Ahmad declared victory as the Democratic nominee for Pennsylvania auditor general nine days after the state’s June 2 primary.

Matt Rourke/AP

On the night of Pennsylvania’s June 2 primary, things looked bleak for Nina Ahmad.

The former deputy mayor of Philadelphia was running in a crowded Democratic primary field to become the state’s auditor general in a race that could be a preview of things to come across the country in November.

If Ahmad won, she’d become the first woman of color to be nominated for an executive leadership position in the state.

But she trailed in the race by tens of thousands of votes on election night. Supporters began reaching out with sympathy.

“People were worried; they emailed [about how I lost] and said I’m so sorry,” Ahmad said. “I said, ‘Just hold your horses.’ “

The election night results mostly reflected the totals from the western part of the state. But Ahmad’s base was in the east, in vote-rich Philadelphia, which was still counting votes.

It was a full week after election day, a week that involved her and her daughters refreshing results’ websites “every two minutes,” before she took the lead. She declared victory officially Thursday, nine days after election day.

More than half of all ballots cast in the Pennsylvania primary were by mail, and as states across the country transition to the historic amount of mail voting happening as a result of the pandemic, similar stories are playing out in other primaries.

Experts and election officials are already sounding the alarm that voters need to expect the same sort of delay in November’s presidential election.

“We really need to get into a mindset that we will not know who the winner of the election is on election night,” said Nathaniel Persily, an election law professor at Stanford University.

The biggest reason for the delays is that mail ballots take longer to process than in-person votes.

Officials need to verify signatures, open envelopes, and in many states, including Pennsylvania, much of that process can’t begin until the day of the election due to state law.

None of that is inherently a problem — it doesn’t mean anything is wrong with the tabulation or the accuracy of the count. If anything, it’s an indicator that election officials are working through the sort of safeguards that prevent fraud or errors.

But problems arise because voters don’t understand that, Persily said. And then these sorts of delays can become fertile ground for conspiracy theories.

Republican Rick Scott, now a U.S. senator from Florida, takes the stage at his election night party in 2018. Days later, as his margin of victory tightened due to mail votes still being processed, he accused Democrats of trying to “steal” the election without providing evidence. Tom Williams/CQ Roll Call via Getty Images hide caption

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Tom Williams/CQ Roll Call via Getty Images

Republican Rick Scott, now a U.S. senator from Florida, takes the stage at his election night party in 2018. Days later, as his margin of victory tightened due to mail votes still being processed, he accused Democrats of trying to “steal” the election without providing evidence.

Tom Williams/CQ Roll Call via Getty Images

“In some ways, this is the worst year to have a pandemic that affects election administration because we were already worrying about disinformation and loss of confidence,” Persily said. “And so now we have the additional challenge to voter confidence that’s posed by the possibility that all kinds of votes are going to be counted after Election Day.”

This scenario has already played out multiple times in the past two years.

When the Iowa caucus app famously malfunctioned in February leading to a delay in results, theories flooded the Internet about whether it was an inside job by one of the campaigns.

And in recent general elections, such as in California, Florida and Arizona during the midterms, Republicans, including President Trump, questioned the legitimacy of votes counted after Election Day because they skewed more toward Democrats.

“I will not sit idly by while unethical liberals try to steal this election from the great people of Florida,” said now-Sen. Rick Scott, R-Fla., as his race tightened in the days after the election as mail ballots continued to be processed.

On the contrary, the reason ballots counted after Election Day often tilt in favor of Democrats is because they are usually being processed in densely populated urban voting jurisdictions, where more Democrats are usually clustered (such as South Florida or Philadelphia).

Many voting rights advocates, including Debra Cleaver, who founded the nonprofit voter outreach organization VoteAmerica, said they are worried about what Trump will say if the same thing happens later this year.

“Given who is currently in the White House, that is going to lead to some wild accusations,” Cleaver said. “Twitter is gonna be on fire.”

The irony is that the delay in results come from the precautions election officials take to prevent the issues with mail ballots about which Trump often worries openly.

“One of the reasons that the results take longer is [officials are] being diligent,” Cleaver said. “That’s actually what we should be pushing for as a country. So we should celebrate the fact that we’re actually counting every vote.”

In Pennsylvania, the problem could be alleviated somewhat with a rule change.

Secretary of State Kathy Boockvar is lobbying the Legislature to pass a law that would allow local election officials to begin opening mail ballots before Election Day to prepare them to be scanned, as is allowed in most states that process a large number of mail ballots.

“Even if you didn’t start counting until Election Day, you could do so much of the process weeks before,” Boockvar said.

Regardless, she said the reason conspiracy theories around results “have legs” is because there’s been a failure by election officials, candidates and journalists to set voter expectations properly.

“There’s the headlines that say this is a disaster if there’s a delay, and that’s not right,” she said. “If we all anticipate that accurate vote counts, with a higher volume by mail, or for any reason, for a pandemic or for civil unrest, take longer because it takes longer to make sure the count is accurate, then that’s the opposite of a disaster.

“That’s what every single voter and official should want for this country.”

Ahmad, for one, is at peace with the delay. “Patience is a virtue, my mother told me. And I am finding that to be true emotionally,” she said. “What I’m learning is you have to trust the process.”

Source: https://www.npr.org/2020/06/13/875811989/this-november-election-night-could-stretch-into-election-week-or-month?utm_medium=RSS&utm_campaign=news

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The Briefing: RVShare raises over $100M, Google disputes charges, and more

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Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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RVShare raises over $100M for RV rentals

RVShare, an online marketplace for RV rentals, reportedly raised over $100 million in a financing led by private equity firms KKR and Tritium Partners.

Akron, Ohio-based RVShare has seen sharp growth in demand amid the pandemic, as more would-be travelers seek socially distanced options for hitting the road. Founded in 2013, the company matches RV owners with prospective renters, filtering by location, price and vehicle types.

Previously, RVShare had raised $50 million in known funding, per Crunchbase data, from Tritium Partners. The company is one of several players in the RV rental space, and competes alongside Outdoorsy, a peer-to-peer RV marketplace that has raised $75 million in venture funding.

Funding news

  • BrightFarms closes on $100M: Indoor farming company BrightFarms said it secured more than $100 million in debt and new equity capital to support expansion plans. The Series E round of funding was led by Cox Enterprises, which now owns a majority stake in the company, and includes a follow-on investment from growth equity firm Catalyst Investors.
  • Anyscale inks $40MAnyscale, the Berkeley-based company behind the Ray open source project for building applications, announced $40 million in an oversubscribed Series B funding round. Existing investor NEA led the round and was joined by Andreessen Horowitz, Intel Capital and Foundation Capital. The new funding brings Anyscale’s total funding to more than $60 million.
  • Klar deposits $15M: Mexican fintech Klar closed on $15 million in Series A funding, led by Prosus Ventures, with participation from new investor International Finance Corporation and existing investors Quona Capital, Mouro Capital and Acrew. The round brings total funding raised to approximately $72 million since the company was founded in 2019. The funds are intended to grow Klar’s engineering capabilities in both its Berlin and Mexico hubs.
  • O(1) Labs rakes in $10.9M: O(1) Labs, the team behind the cryptocurrency Mina, announced $10.9 million in a strategic investment round. Co-leading the round are Bixin Ventures and Three Arrows Capital with participation from SNZ, HashKey Capital, Signum Capital, NGC Ventures, Fenbushi Capital and IOSG Ventures.
  • Blustream bags $3M: After-sale customer engagement company Blustream said it raised $3 million in seed funding for product usage data and digital transformation efforts for physical goods companies via the Blustream Product Experience Platform. York IE led the round of funding for the Worcester, Massachusetts-based company with additional support from existing investors.Pillar secures another $1.5M: Pillar, a startup that helps families protect and care for their loved ones, raised $1.5 million in a seed extension to close at $7 million, The round was led by Kleiner Perkins.

Other news

  • Google rejects DOJ antitrust arguments: In the wake of a widely anticipated U.S. Justice Department antitrust suit against Google, the search giant disputed the charges in a statement, maintaining that: “People use Google because they choose to, not because they’re forced to, or because they can’t find alternatives.”
  • Facebook said to test Nextdoor rival: Facebook is reportedly testing a service similar to popular neighborhood-focused social Nextdoor. Called Neighborhoods, the feature reportedly suggests local neighborhood groups to join on Facebook.

Illustration: Dom Guzman

Venture investors and leaders in the fintech space can visualize a future where such startups will move toward again rebundling services.

Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.

Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

Source: https://news.crunchbase.com/news/briefing-10-21-20/

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Crunchbase

Syte Sees $30M Series C For Product Discovery

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Online shopping has become the norm for most people in 2020, even coaxing traditional retail brands to up their presence to stay competitive. However, now that shoppers can’t see and touch products like they used to, e-commerce discovery has become a crucial element for customer acquisition and retention.

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Enter Syte, an Israel-based company that touts creating the world’s first product discovery platform that utilizes the senses, such as visual, text and voice, and then leverages visual artificial intelligence and next-generation personalization to create individualized and memorable customer experiences, Syte co-founder and CEO Ofer Fryman told Crunchbase News.

To execute on this, the company raised $30 million in Series C funding and an additional $10 million in debt. Viola Ventures led the round and was joined by LG Technology Ventures, La Maison, MizMaa Ventures and Kreos Capital, as well as existing investors Magma, Naver Corporation, Commerce Ventures, Storm Ventures, Axess Ventures, Remagine Media Ventures and KDS Media Fund.

This brings the company’s total fundraising to $71 million since its inception in 2015. That includes a $21.5 million Series B, also led by Viola, in 2019, according to Crunchbase data.

Fryman intends for the new funding to be put to work on product enhancements and geographic expansion. Syte already has an established customer base in Europe, the Middle East and Africa, and will now focus expansion in the U.S. and Asia-Pacific.

Meanwhile, Syte has grown 22 percent quarter over quarter, as well as experienced a 38 percent expansion of its customer base since the beginning of 2020.

“Since we crossed $1 million annual recurring revenue, we have been tripling revenue while also becoming more efficient,” Fryman said. “We can accelerate growth as well as build an amazing technology and solution for a business that needs it right now. We plan to grow further, and even though our SaaS metrics are excellent right now, our goal is to improve them.”

Anshul Agarwal, managing director at LG Technology Ventures, said Syte was an attractive investment due in part to its unique technology.

“They have a deep-learning system and have created a new category, product discovery that will enable online shopping in a way we never had the ability to do before,” Agarwal said. “The product market fit was also unique. We believe in the strong execution by the team and the rapid growth in SaaS. We looked at many different companies, and the SaaS metrics that Syte showed are the strongest we’ve seen in a while.”

Illustration: Li-Anne Dias

Venture investors and leaders in the fintech space can visualize a future where such startups will move toward again rebundling services.

Root Inc., the parent company of Root Insurance, launched its initial public offering and is looking at a valuation of as much as $6.34 billion.

Clover Health posted rising revenues and a narrower loss in its most recent financial results, published in advance of a planned public market debut.

Crunchbase News’ top picks of the news to stay current in the VC and startup world.

Source: https://news.crunchbase.com/news/syte-sees-30m-series-c-for-product-discovery/

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Coinpedia

GenTech Proudly Secures Deal with TruLife Distribution to Drive Growth in SINFIT Digital Sales

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Denver, CO, October 21, 2020 – OTC PR WIRE – GenTech Holdings, Inc. (OTC PINK: GTEH) (“GenTech” or the “Company”), an emerging leader in the high-end Premium Coffee (www.secretjavas.com), Hemp Wellness (www.hakunasupply.com) and Functional Foods (www.SINFITnutrition.com) marketplaces, along with its SINFIT Nutrition brand (“SINFIT”), is excited to announce that the Company has signed a new marketing, sales, and distribution agreement (the “Agreement”) with TruLife Distribution (“TruLife”) (TruLifeDist.com), a leader in marketing, distribution, compliance, e-commerce, and advisory services in the Functional Foods marketplace. The main focus of the new Agreement will be to accelerate the growth of e-commerce sales of SINFIT products, particularly over the Amazon.com platform.

TruLife provides direct access to sales on Amazon, Walmart, Rakuten, Wish, TopHatter, and other top e-commerce platforms, allowing clients to instantly list, ship, and sell products through any major platform, with an experienced team of experts and a proven track record of success in brand placement and digital sales strategies.

“We have already demonstrated a significant & expansive growth curve since taking control of the SINFIT brand in June,” commented Harold Vaca, VP Domestic Sales of SINFIT. “But the vast majority of that growth has been driven by large purchase orders from major distribution partners, both domestic and international. We are also committed to aggressively pursuing end-market consumer direct purchases through our e-commerce footprint, which will provide additional growth and diversify our cash flow ecosystem, making our overall strategy less dependent upon any one source of demand, while driving further growth in total sales.”

Management notes that e-commerce sales represent a sizeable portion of overall retail sales growth worldwide, with more than $3.5 trillion in online sales accounting for over 14% of total pre-pandemic global retail sales. Since the onset of the global health crisis, that ratio has shifted decisively further in favor of e-commerce sales, which is not likely to entirely revert back upon the advent of a viable and widely accessible vaccine.

Vaca added, “We have seen an epic process of market penetration for e-commerce platforms this year as major online retailers have begun to reach a much wider base of consumers – people who haven’t ever shopped much online, but have been forced to during recent months out of personal health concerns. Many of them will almost certainly continue to make use of e-commerce now that they have tried it out, at least to some extent, making e-commerce an essential sales channel for SINFIT products. TruLife has the network, team, experience, and resources to dramatically augment our e-commerce performance.”

SINFIT branded products registered over $2.2 million in global sales in 2019, and are now approved for sale and available for purchase on the Walmart.com and Amazon.com e-commerce platforms as well as in over 2,500 GNC locations in North America and over 10,000 global physical and e-commerce stores across more than 10 countries around the world.

SINFIT products as well-positioned relative to peers and to the long-term macro tailwind defining the functional foods market, which saw sales top $267 billion in February of this year on a global basis, with sales in the US reaching $63 billion, according to Euromonitor 2020. This trend is part of a larger supportive momentum in the general category, with global sales of organic food and drink topping $105 billion in 2018 (Ecovia 2019). U.S. organic food sales also reached $47.9 billion, up 5.9% in 2018 (OTA 2019). In 2019, 77% of U.S. adults used dietary supplements, an all-time high (CRN 2019). U.S. supplement sales are estimated to have reached $49.3 billion in 2019, up 6.2% (NBJ 2019).

About GenTech Holdings, Inc.:

GenTech Holdings, Inc. is a publicly traded company under the symbol GTEH. The Company launched a high-end Coffee Subscription service in early 2020 called Secret Javas, owns a Functional Food company, SINFIT Nutrition and recently closed its acquisition on Products-Groups’ “Hakuna Supply”.

Forward-Looking Statements
This press release may contain forward-looking statements, including information about management’s view of GenTech, Inc.’s future expectations, plans and prospects. In particular, when used in the preceding discussion, the words “believes,” “expects,” “intends,” “plans,” “anticipates,” or “may,” and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of GenTech, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on GenTech’s future results. The forward-looking statements included in this press release are made only as of the date hereof. GenTech cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, GenTech undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by GenTech.

Corporate Contact:
invest@gentech.group

www.gentechholdings.com

Source: https://otcprwire.com/gentech-proudly-secures-deal-with-trulife-distribution-to-drive-growth-in-sinfit-digital-sales/

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