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Rainmaking Pioneers ‘RISE’ – World’s First Virtual Startup Accelerator for Departing Employees

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Mission to enable one million out-of-work people to launch their own startup in the next two yearsLONDON, July 7, 2020 /PRNewswire/ — Rainmaking, a corporate innovation and venture development firm, and parent company of Startupbootcamp, one of the world’s largest accelerators, today launches ‘RISE,’ a 20 week virtual accelerator focused on helping corporates empower their departing talent to build their own startups. Rainmaking’s mission for the programme is to enable one million out-of-work people to launch their own startup within the next two years. Startupbootcamp Logo (PRNewsfoto/Startupbootcamp)MoreThe International Labour Organization has warned that 430 million enterprises are at risk of “serious disruption” and nearly half of the global workforce are at risk of job losses.RISE has been developed to enable corporates to offer an alternative path to mass redundancies, by enabling its people to take charge of their future by building it themselves. It will be launched globally, with view to securing partnerships with leading corporates and governments. Rainmaking’s mission for the programme is to enable one million out-of-work people to launch their own startup within the next two years. Corporates participating will be able to actively support their departing talent to help them build their future and in the …

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Fintech Influencer Switzerland Interview Series: 7 Questions to Ralph Mogicato | Fintech Schweiz Digital Finance News – FintechNewsCH

fintech influencer switzerland interview series: 7 questions to ralph mogicato | fintech schweiz digital finance news – fintechnewsch

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In May 2020, Fintechnews.ch launched the Fintech Influencer Switzerland Interview series, which presents at least once a week a short interview we have conducted with a well-known, longtime Swiss Fintech Influencer to get his or her views on some of the industry’s most urging issues and hottest trends.Today we speak in our last interview with  the Swiss Fintech investor Ralph Mogicato, Ralph was nominated by Marc Bernegger.
Hi Ralph, what has changed for you personally during this pandemic?
My business life hasn’t changed much during the Covid Crisis. Since many years I work as a digital nomad. Everything is in the cloud and I am a heavy user of communication tools like Skype, Webex or Zoom. I even like Teams as a tool.
Do you think COVID-19 is the digital accelerator that the industry has been missing so far?
The dramatic consequences of the lockdown and the containment measures showed in every business where the digital loop wholes still are. I don’t know any business person who is not realizing that more digital offerings and services are better than less. Hence I call Corona also a fire accelerator for all businesses.
What is your current focus?

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Can’t rely on foreign investors. India must become aatmanirbhar in startup financing

can’t rely on foreign investors. india must become aatmanirbhar in startup financing

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Picture for representation | Dhiraj Singh/Bloomberg


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As India stares down China in Ladakh’s Galwan Valley and retaliates with boycotts of Chinese companies, it is vitally important that our economic growth be driven by innovation-driven startups. These are the companies that rapidly increase overall productivity, jobs, wealth, and thereby tax revenues.
India now has the world’s third largest startup ecosystem with more than $5 billion being invested in 2019 across 1,500 or so startups. India also has some 30 unicorns, which are startups valued at more than $1 billion. However, more than 80 per cent of the money invested in these startups comes from outside of India. Over the past few years, the Chinese have invested more than $4 billion in Indian startups and are investors in 18 of 30 Indian unicorns. We urgently need to become aatmanirbhar (self-reliant) in startup financing.

Also read: Can’t keep making money by buying cheap Chinese raw materials: JSW Group CMD Sajjan Jindal

Supporting startups
To that end, we must be able to attract substantial domestic capital to finance our startups. Three major sets of reforms may be considered to unleash domestic capital. First, unlisted investments in startups must be placed on par with investments in listed …

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Palantir, One of Silicon Valley’s Oldest Startups, Files to Go Public

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Palantir Technologies Inc. said it has confidentially filed paperwork with the Securities and Exchange Commission to go public, ending an extended wait that made the data analytics company one of Silicon Valley’s oldest private startups. Palantir had teased the market with plans to list shares for at least half a decade. Co-founded in 2004 by famed investor Peter Thiel, it sells software to aggregate big data for governments and corporations world-wide. The Palo Alto, Calif. company’s analytics were credited with helping the…

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Victress Capital, a fund founded by women to back women founders, just closed its second fund

victress capital, a fund founded by women to back women founders, just closed its second fund

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Women start 40 percent of the businesses in the U.S., but they receive just 3% of venture funding. It doesn’t take a math whiz to recognize that such an extreme funding gap could spell opportunity, but it might help if you are math minded, a longtime investor, and happen to be woman and so conceivably understand certain products and pitches better than some men.
That was certainly the thinking of both Lori Cashman and Suzanne Norris, who came together in 2016 to form Boston-based Victress Capital, a consumer-focused, seed- and early-stage firm that just closed its second fund with nearly $22 million in funding to back gender diverse teams, meaning there is at least one woman on the founding team.
Cashman is a Duke grad who has spent her career as an investor, including previously cofounding a private equity firm, Linear Capital, to invest exclusively in owner-managed businesses. Norris, meanwhile, with two degrees Harvard, has been an investment banking analyst, a management consultant, and spent nearly four years as a VP focused on e-commerce with the company Kate Spade.
The two friendly acquaintances originally joined forces to enhance their “cognitive diversity,” says Cashman, scraping together a total of $2 million from friends and …

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Car-Sharing Startups Take U.S. Loans After Covid-19 Disruptions

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(Bloomberg) — Getaround Inc. and Turo Inc., car-sharing companies that have been valued at more than $1 billion by private investors, said Monday that each took at least $5 million through the U.S. Paycheck Protection Program, a government program intended to help small businesses ride out the disruptions caused by the coronavirus pandemic.The San Francisco-based startups are among the most valuable technology companies to say they applied for and kept financial aid from the loan program after Covid-19 levied a severe toll on the transportation business. Several large companies, including Shake Shack Inc., gave back the money under public pressure.According to federal data released Monday, each company received between $5 million and $10 million in federal loans approved in late April. Some companies included on the list of loan recipients have said they did not actually apply for or accept the money, casting some doubt on the official data, but Getaround and Turo both confirmed they’d taken the loans, though they didn’t respond to questions about their exact values. “On a global basis, our business was drastically impacted by the lockdowns and restrictions stemming from the coronavirus pandemic,” Getaround said in an emailed statement. “The PPP program helped reduce …

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She’s One of the Highest-Ranking Black Women in Tech. Police Still Terrify Her.

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AUTHOR

WSJ Noted.

Updated
July 6, 2020 7:11 pm ET


“I remember telling the officers when I was walking out that I was afraid they were going to shoot me, and they just sort of looked away. I told my children and then I just stopped thinking about it.”

— Marian Croak

Read the whole story Google’s Marian Croak Aimed for the Top. She Couldn’t Escape Racism.By Rob Copeland

Read the original article by Rob Copeland here.

Copyright ©2020 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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SoftBank-backed startups among those approved for U.S. paycheck loan program

softbank-backed startups among those approved for u.s. paycheck loan program

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Monday, July 06, 2020 6:52 p.m. EDT

by Thomson Reuters

By Jane Lanhee Lee
OAKLAND, Calif. (Reuters) – Four technology startups backed by SoftBank Group Corp’s $100 billion Vision Fund were among the small companies approved for a U.S. pandemic aid program, according to data released by the Treasury Department on Monday.
Car-sharing startup Getaround Inc., which raised $300 million in a round led by SoftBank in 2018, was listed as approved for a $5-10 million loan. The Treasury Department provided only ranges for loan amounts, and did not identify by name those recipients seeking loans of less than $150,000.
In-car monitoring technology firm Nauto Inc. was approved for $2-5 million. It raised around $150 million in July 2017 in a round led by SoftBank.
Cloud technology firm Cloudminds Technology Inc. was listed for a loan of $1-2 million. It raised $186 million in May 2019 in a round that included SoftBank.
Energy technology firm Energy Vault, headquartered in Switzerland, was approved for a loan of $150,000 to $300,000. Energy Vault raised $110 million in August 2019 from SoftBank.
The funding data came mainly from data firm PitchBook.
A person close to SoftBank Vision Fund said the fund had recommended that its portfolio companies with strong cash positions or the ability to raise …

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Lynch Named Head Coach at Clemson

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THE FLATS – Georgia Tech women’s tennis associate head coach Christy Lynch has been named the new head coach at Clemson, the school announced Monday.“Christy is a Georgia Tech legend having played on the National Championship team and then returning as a volunteer coach and rising to become an associate head coach,” commented Georgia Tech head coach Rodney Harmon. “It has been a pleasure to work side by side with her for seven years and watch her growth as a coach and teacher. I am extremely proud of Christy and I know she will have a great career at Clemson.”A former Georgia Tech letterwinner, Lynch played for the Yellow Jackets from 2005-09 and was a part of one of the most memorable Georgia Tech teams in program history. During her time on the court for the Jackets, Tech won the 2007 NCAA National Championship, four ACC titles and two team National Indoor titles.Lynch, who served as a volunteer coach during Harmon’s first year in 2012-13, returned to The Flats as an assistant coach in 2014-15 and was promoted to associate head coach in 2018. In six seasons as a coach, Lynch has helped guide the Yellow Jackets to …

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Tech Talent: This Awesomely Named Developer Has a Knack for Debugging – Hypepotamus

tech talent: this awesomely named developer has a knack for debugging – hypepotamus

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Having a special name can be a gift and a curse — take it from someone named after one of the greatest and most famous basketball players of all time, and also one of today’s most popular film actors.
But if Michael Jordan could tell Cassandra Champagne anything, it’s would be that she should raise a glass to herself and toast to the opportunity to create her own path, as she’s already doing by graduating from DigitalCrafts’ Full Stack Flex Program at the end of July. No, even I can’t help myself when it comes to having a little fun with a name.
A self-described “avid reader” who earned a B.A. in English and secondary education from Keene State College in Keene, New Hampshire, Champagne says technology has always been a familiar and comforting part of her life.

“It’s been amazing to watch it continue to grow to the point that it’s now part of everyone else’s life as well,” she says. “I’ve always had a drive to help people and I know that there is so much opportunity in the technology field for me to do that.  As a developer, I’ …

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