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Top officials and business leaders discuss a possible ‘reset’ for the global economy

top officials and business leaders discuss a possible ‘reset’ for the global economy

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The coronavirus pandemic has disrupted the global economy and put millions of jobs on the line in the process. With that in mind, some of world’s top economic officials and business leaders are debating how to recover from the crisis in a way that looks beyond mainstream financial metrics like GDP.Hear from European Commissioner for the Economy Paolo Gentiloni, OECD Secretary-General Angel Gurria, World Economic Forum Managing Director Saadia Zahidi, Unilever CEO Alan Jope and Manpower CEO Jonas Prising on how they’re thinking about an economic “reset,” in a WEF panel hosted by CNBC anchor Steve Sedgwick.Subscribe to CNBC on YouTube. 

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MCWT ‘Embraces the Moment’ through Transformed Programs and a Virtual Gala in 2020

mcwt ‘embraces the moment’ through transformed programs and a virtual gala in 2020

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SOUTHFIELD, Mich., Oct. 20, 2020 /PRNewswire/ — The Michigan Council of Women in Technology Foundation’s 14th annual Signature Gala went virtual – one more pivot this year for the nonprofit working to make Michigan the No. 1 state for women in technology. The Oct. 17 digital fundraiser, with a theme of “Embrace the Moment,” raised  $352,000 in gross revenue for programs that help inspire and grow girls and women in technology. Fiat Chrysler Automobiles served as host sponsor and over 500 individuals tuned in for the evening.
“Despite the pandemic, we’ve actually had a significant year here at MCWT,” said MCWT Executive Director Chris Rydzewski. “We are a technology group, and thanks to our partners, we’ve been able to build on our strengths, adapt to an ever-changing environment, and reach even more people. The move to virtual was an opportunity to maintain our community connections and make an even bigger impact among the girls and women who need to hear our message the most.”
The event provided a behind-the-scenes look at how the nonprofit found the upside in the year’s challenges, detailing five impactful pivots:  

Sparking curiosity through virtual summer technology programs. Instead of 10 in-person camps for middle and high school girls across the state, MCWT launched …

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Justice Department files long-awaited antitrust suit against Google

justice department files long-awaited antitrust suit against google

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Sources tell FOX Business’ Charlie Gasparino that big tech is bracing for antitrust enforcement action if Democrats win the White Hose and take the Senate. The Justice Department filed an antitrust lawsuit Tuesday alleging that Google engaged in anticompetitive conduct to preserve monopolies in search and search advertising that form the cornerstones of its vast conglomerate.Continue Reading BelowThe long-anticipated case, filed in a Washington, D.C., federal court, marks the most aggressive U.S. legal challenge to a company’s dominance in the tech sector in more than two decades, with the potential to shake up Silicon Valley and beyond. Once a public darling, Google attracted considerable scrutiny over the past decade as it gained power but has avoided a true showdown with the government until now.The department alleged that Google, a unit of Alphabet Inc., is maintaining its status as gatekeeper to the internet through an unlawful web of exclusionary and interlocking business agreements that shut out competitors. The government alleged that Google uses billions of dollars collected from advertisements on its platform to pay mobile-phone manufacturers, carriers and browsers, like Apple Inc.’s Safari, to maintain Google as their preset, default search engine.TickerSecurityLastChangeChange %GOOGLALPHABET INC.1,537.28+7.33+0.48%The …

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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

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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 …

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

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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 …

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Black Mesa Winery In Velarde Honored With 2020 SBA Home-Based Business Of The Year Award

black mesa winery in velarde honored with 2020 sba home-based business of the year award

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Jerry and Lynda Burd of Black Mesa Winery with their Small Business Administration award. Courtesy photo

Honoring Black Mesa Winery are from left, owners Jerry Burd and Lynda Burd, winery account Antoinette Martinez, Karen Easton, branch manager of Century Bank Los Alamos, Justin Crossie, Small Business Administration regional administrator, Patrick Metzger, Century Bank universal banker and Espanola Mayor Javier Sanchez. Courtesy photo

SBDC NEWSPrior to COVID-19, Black Mesa Winery located in Velarde had customers visiting the Tasting Room from across the United States, Canada, Europe and Asia. The biggest share came from New Mexico, with Colorado, Texas and Arizona coming next.  They were shipping wine to 20 states.  Black Mesa Winery Wine Club consists of 400 members one of the largest in the state, with more than half of the members living outside of New Mexico.

Owners Jerry and Lynda Burd were recently awarded the Small Business Administration Home-Based business of the year award. They had lots to celebrate but the celebration came to a halt as coronavirus quickly took the world by surprise.  Change happened and Black Mesa Winery changed as well and is focusing on moving forward.  Today Black Mesa Winery is shipping to 40 states, they have innovative virtual events …

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Turkey’s tech startups make global waves

turkey’s tech startups make global waves

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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 …

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Isis Nyong’o Madison: Building e-commerce for African women’s needs against all odds | TechCabal

isis nyong’o madison: building e-commerce for african women’s needs against all odds | techcabal

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Isis Nyong’o Madison, CEO Bliss Group.

The merger between MumsVillage, a Kenyan company, and BabyBliss Nigeria is a demonstration of how e-commerce and Femtech will spread in Africa.

Realising their shared values around serving expectant and nursing mothers, both companies came together as Bliss Group to deepen their penetration in two of Africa’s biggest tech-powered economies. 

MumsVillage and BabyBliss were each under three years old as retail outlets before the merger. By combining capacities, each gains extra years of expertise to become stronger companies in each market.

Each rose to prominence through a similar course; first by creating relevant content, then building a community across multiple channels, and taking on the responsibility of delivering trusted goods to members of the community through those channels.

Bliss Group is positioning to be a trusted partner for African mothers and their infants. But the subsidiary companies have jumped various hoops, especially of perception bias, to come to life.

Isis Nyong’o Madison founded MumsVillage after years of experience at Google, Viacom and InMobi. 

Besides the goal of building a competitive product for women, she was deliberate about designing a company with a female orientation. Her teams would not be female-only but will …

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Soleadify secures seed funding for database what tracks 40M business using machine learning

soleadify secures seed funding for database what tracks 40m business using machine learning

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Usually, databases about companies have to be painstakingly updated by humans. Soleadify is a startup that uses machine learning to create profiles for businesses in any industry. The first of the company’s products is a business search engine that keeps over 40 million business profiles updated, currently used by hundreds of companies in the USA, Europe and Asia for sales and marketing activities.
It’s now secured $1.5M in seed round funding from European venture firms GapMinder Venture Partners and DayOne Capital, as well as several prominent business angels, through Seedblink, an equity crowdfunding platform based out of Bucharest Romania.
The company plans to use the funds to further improve their technology, build partnerships and expand their marketing capabilities.
On top of Soleadify’s data, they build solutions for prospecting, market research, customer segmentation and industry monitoring.
The way it’s done is by frequently scanning billions of webpages, identifying and classifying relevant data points and creating connections between them. The result is a database of business data, that is normally only available through laborious, manual research.

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

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

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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….

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