Advertisement

As startups accelerate in record Q3, Europe and Asia rack up huge VC results

as startups accelerate in record q3, europe and asia rack up huge vc results

BEGIN ARTICLE PREVIEW:

Investment outside North America just had its best quarter in years

Alex Wilhelm

7 hours

Venture capital activity in Europe and Asia saw a strong return to form in Q3, data indicates.
The two continents enjoyed more venture capital investment into their local startups than in some time, underscoring that strong VC results the United States saw in the third quarter were not a fluke, but part of a broader trend.

The Exchange explores startups, markets and money. Read it every morning on Extra Crunch, or get The Exchange newsletter every Saturday.

Data compiled by CB Insights shows a global acceleration in the number of dollars venture capitalists are putting to work around the globe as 2020 chews through its second half. The record figures that Q3 supplied stand in stark contrast to the fear that overtook startup-land in late Q1 and early Q2, when COVID-19 threw some young technology companies surprise turbulence.
But the dip in venture capital activity was short-lived. As many startups sold software, they found their wares suddenly in greater demand; across a host of verticals, startups benefited from an accelerated digital transformation as the world adapted to a new work environment. Aside from clear winners like video …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE

Startups run by women of color need money from investors, not empty platitudes

iam platform login page background

BEGIN ARTICLE PREVIEW:

What women of color don’t need is another white person saying “Yes, Black Lives Matter” or “our company rejects racism.” What we need is more investors willing to ask: what can I do to change the system?
Dedicating 15% of a venture fund is a platitude, a pat on the head, particularly when you consider that 46% of the country are people of color.
This current environment also stifles economic growth and chokes off the true innovation we need.
Stephanie Lee is a former staffer to former First Lady Michelle Obama and former product developer at the global brand, MAC Cosmetics.
This is an opinion column. The thoughts expressed are those of the author.
Visit Business Insider’s homepage for more stories.

Too many women of color are being asked to prove first that our ideas are worthy of investment, while white founders get the benefit of the doubt over and over again. What we don’t need is another white person saying “Yes, Black Lives Matter” or “our company rejects racism.” What we do need is more investors willing to ask: what can I do to change the way things are actually run? Though the access to investments are especially limited for women …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Startups run by women of color need money from investors, not empty platitudes”

Turkey’s tech startups make global waves

turkey’s tech startups make global waves

BEGIN ARTICLE PREVIEW:

A changing tech climate in Turkey, incubated in tech hubs, is bearing fruit as startups increasingly find success.

Early in 2020, Getir, a Turkish delivery startup made headlines when it received $38 million of investment, $28 million of which came from leading investors in Silicon Valley.This news was celebrated as Turkish startups’ strong potential was being recognised by global investors. However, a more historic moment was yet to come.Amidst the economic slowdown brought on by the Covid-19 pandemic, Peak Games was acquired by the global gaming giant Zynga for $1.8 billion, becoming the first Turkish unicorn – a billion-dollar startup.Soon after the first unicorn, came the fastest exit in Turkish startup history. Another gaming startup, Rollic Games, was sold to Zynga for $180 million only 21 months after it was founded. While the unicorn news directed everybody’s attention to new models within the gaming industry, what does it actually take to build a global startup in Turkey?Thirty years before the first unicornWhile it would be difficult to name the first technology startup in Turkey, it would be worth mentioning that not long ago, in 1992, a technology firm called Netas faced fraud allegations for simply exporting software to the UK.Not knowing what …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Turkey’s tech startups make global waves”

VC Daily: Tribe Capital’s Firstlook Connects Investors, Startups

vc daily: tribe capital’s firstlook connects investors, startups

BEGIN ARTICLE PREVIEW:

Good day. Tribe Capital, founded by former Social Capital investors, has started a new investing program that competes with AngelList. Tribe, which has its own main venture fund that has invested in startups such as Carta, Momentus, and Instabase, started Firstlook to allow its limited partners to get into a wider range of deals and select deals that they want. Tribe invests in all deals that it brings to Firstlook and “underwrites” them to make sure they are relevant for investors, said Arjun Sethi, co-founder of Tribe….

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “VC Daily: Tribe Capital’s Firstlook Connects Investors, Startups”

ViacomCBS announces new leadership for streaming services

viacomcbs announces new leadership for streaming services

BEGIN ARTICLE PREVIEW:

ViacomCBS Inc.
VIAC,
-2.89%
announced Tuesday new leadership for its streaming operations, effective immediately. Current Pluto TV Chief Executive Tom Ryan will be CEO of ViacomCBS Streaming. He will oversee CBS All Access, which will be renamed Paramount+ in early 2021, and Pluto TV, and have oversight of the company’s global streaming strategy. Marc DeBevoise will step down from his role of chief digital officer of ViacomCBS and CEO of ViacomCBS Digital. Kelly Day, current chief operating officer of ViacomCBS Networks International (VCNI) will be president of streaming for VCNI, and will oversee all digital and streaming platforms outside of the U.S. “As we plan for the launch of Paramount+, bringing together the leaders of our streaming platforms to create a unified global organization will enable us to execute a holistic strategy across both free and pay,” said ViacomCBS Chief Executive Bob Bakish. ViacomCBS’s stock, which gained 0.9% in premarket trading, has dropped 35.4% year to date through Monday, while the SPDR Communication Services Select Sector ETF
XLC,
-1.79%
has rallied 11.3% and the S&P 500
SPX,
-1.63%
has gained 6.1%.

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “ViacomCBS announces new leadership for streaming services”

New Report Ranks America’s Governors on Policy Leadership and Pandemic Response

new report ranks america’s governors on policy leadership and pandemic response

BEGIN ARTICLE PREVIEW:




ARLINGTON, Va., Oct. 20, 2020 /PRNewswire/ — The American Legislative Exchange Council (ALEC) today released the first ever Governors ranking, the 2020 Laffer-ALEC Report on Economic Freedom. The scorecard ranks America’s 50 governors based on policy performance and result, as well as executive leadership before and after the start of the COVID-19 health crisis.”State executives implement policy and respond to crisis in dramatically different ways,” said Reagan Economist Dr. Arthur B. Laffer. “At such a critical decision point, voters need fact-based, nonpartisan data to judge their leaders and hold them accountable. The objective data voters need is all about economics, and it’s all found in this ranking.”Each governor is awarded an overall rank, a results rank and a policy rank, which is expanded to list the exact criteria used so readers can clearly identify how their state leader stacks up and why. Governors and taxpayers can also use the criteria to determine state policy areas that need improvement, such as tax and spending policy, handling of federal funds from the CARES Act and economic competitiveness data. The 20 variables used to rank the governors equip readers, voters and taxpayers with an objective analysis so they can make an informed opinion.This ranking shows …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “New Report Ranks America’s Governors on Policy Leadership and Pandemic Response”

Why humour should be taken seriously in leadership – CMI

why humour should be taken seriously in leadership – cmi

BEGIN ARTICLE PREVIEW:

What would you pay for something that instantly reduces stress and puts people at ease and shows off your  judgment, experience and confidence? I bet you’d pay pretty highly, wouldn’t you? Well, here’s how to do it – and it won’t cost you a penny:
Use your sense of humour.
Let’s be clear, this is not about laughing at other people. Usually, good leaders start by laughing at themselves. This is called humility. You can see these people at work in meetings; they’re the people who speak last, often the ones encouraging others to speak as well. They know that the leader’s job is not to be the smartest person in the room (or on the Zoom call). The leader’s job is to make everyone else feel like they’re the smartest person in the room. They don’t need to take the credit for themselves because they are confident in their position.
It’s particularly important for the leader to create an environment where stress is managed and people enjoy their work. Why does that matter? Surely, capitalism’s job is to grind people into a fine powder in the pursuit of profit? If it …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Why humour should be taken seriously in leadership – CMI”

EDC selects new leader

edc selects new leader

BEGIN ARTICLE PREVIEW:

Dyke is a graduate of Columbia Southern University with a Bachelor of Administration and Management degree. She currently serves as Georgia state director for the Southern Economic Development Council, the oldest and largest regional economic development association for professionals in North America. Dyke is also a member of the Georgia Economic Developers Association, Leadership Georgia Class of 2020, Georgia Chamber of Commerce Rural Prosperity Steering Committee, board of directors of the Waycross-Ware County Chamber of Commerce, graduate of Leadership Waycross, graduate of The Georgia Academy for Economic Development, and member of the Waycross Rotary Club and Exchange Club of Waycross.

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “EDC selects new leader”

Rise in tech startups closing during pandemic despite gov support

rise in tech startups closing during pandemic despite gov support

BEGIN ARTICLE PREVIEW:

Technology startups in Britain are struggling to stay afloat during Covid-19, according to new data conducted by Plexal and Beauhurst.
The research indicated that more than 1000 startups have filed for administration since the start of lockdown.
A record number of these were in September, with 273 companies filing out of a total of 1,076 – a 181% month-on-month increase compared with August.
The conducted research analysed around 30,000 startups across the UK and found a record number have had financial issues since the start of the pandemic.
Although several government schemes have worked to support early-stage companies over the period, there is concern that those schemes now coming to an end will make the situation more precarious over the next few months.
The issue was felt most in the business hub of London, where data showed a total of 388 high-growth companies-based filings for administration, liquidation, and dissolution since the start of April. These numbers increased from 30 to 95 (a 217% rise) between August and September.
A similar trajectory is also being seen in Scotland, where 48 startups across the country filed in September, almost half (49%) of the total filings since the start of April (97).
Commenting on the research, Andrew Roughan, managing director of Plexal, said: “The government commendably …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “Rise in tech startups closing during pandemic despite gov support”

These homegrown startups are using AI and ML to change the rules of the game

these homegrown startups are using ai and ml to change the rules of the game

BEGIN ARTICLE PREVIEW:

This article is powered by WizikeyIn the latter half of the last decade, businesses across sectors saw significant growth in the adoption of Artificial Intelligence (AI) and Machine Learning (ML).A survey by the International Data Corporation (IDC) shows that by 2025, at least 50 percent of enterprise applications will have embedded AI and ML functionality as an integral part of their business operations. That’s because these technologies have shown great potential to tap into new growth opportunities by enabling businesses to make data-driven decisions, and improve efficiency through automation, among others.The Indian startup ecosystem is also seeing a surge in startups leveraging AI and ML to tap into new opportunities. As of February 2020, the market had 2,045 AI startups and more than 17,000 market followers. A report by industry body Nasscom noted that Data and AI can add $450-500 billion to India’s GDP by 2025, representing about 10 percent of the $5 trillion economy aspiration of the Indian government.From aquaculture to intra-city logistics, here is a list of homegrown startups that are creating new avenues of growth with their innovative applications of AI and ML.Aqua Connect:Aqua Connect is a Chennai-based aquaculture startup co-founded by Rajamanohar Somasundaram along with Sanjai Kumar, and …

END ARTICLE PREVIEW

READ MORE FROM SOURCE ARTICLE Continue reading “These homegrown startups are using AI and ML to change the rules of the game”