Founders Corner: Wealthfronts Andy Rachleff on growing a business

June 23, 2017

Shripriya Mahesh is a partner at Omidyar Network. Rob Veres is a partner at Omidyar Network. Omidyar Networks Emerging Tech team has launched the second season of its podcast,Founders Corner, with lessons from todays premier founders and CEOs. We will be speaking with some of the top executives in tech. This season features investor and entrepreneur Reid Hoffman; Yancey Strickler, CEO and co-founder of Kickstarter; Gina Bianchini, CEO and founder…

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SoftBanks massive Vision Fund raises $93 billion in its first close

May 21, 2017

SoftBanks huge $100 billioninvestment fund the most significant tech money in history Apple, Qualcomm, UAE-basedMubadala Investment Company, Saudi Arabias PID populace money, Foxconn, and Foxconn-owned Sharp. The schedule is for the fund to reach its $100 billion target within the next six months through commitments from other investors. The fund is committing to a minimum of $100 million transaction checks, with a focus on both minority and majority are dealing…

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For investors seeking a purpose-built CRM toolkit, Affinity raised $13.5 million to get you covered

May 19, 2017

For the venture capitalists, hedge funders, investment bankers and private equity folks trawling the skyways looking for deals, theres nothing more important than a strong network. But for most firms keeping track of meetings, managing follow-ups, and plotting a next move is still a pretty low-tech process (ironic considering all the CRM tools these guys have built for others). Well, now theres a company calledAffinity, thats hoping to give investors…

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Uber enters Myanmar with a licensed taxi service

May 12, 2017

Uber has launched its service in Myanmar, the Southeast Asian country formerly known as Burma, Reuters reports, using the same model as Grab. Theres plenty of logic behind that change of approach.Even after operating in Asia for four years, Ubers service sits in Phandeeyar,a community project in Yangon thats

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500 Startups closes $15M fund to back founders inthe Middle East and North Africa

May 11, 2017

Fresh off closing a $10 million fund earlier this year acquisition of Souq was really awatershed moment for the region, Dave McClure, founding partner of 500 Startups, explained to me in an interview. The implication is that there is serious regional interest in venture capital investment. SoftBank $3.5 billion investment in Uber also comes to mind as indicative of the trend. Right nowgovernment-supported programs are incentivizing people to set up…

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Tencent to open AI research center in Seattle

April 29, 2017

Chinese tech corporation Tencent will be opening a brand-new AI research center in Seattle, open its first data center in Silicon Valley . Yu Dong, formally of Microsoft Research, is said to be leading the U.S. effort. He lately met Tencent and is normally focused on the nexus of communication approval and penetrating learn. Tencenthas a clear interest in developing a personal assistant that could hold its commodities together and…

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The Internet of Cows herds hackers to support the global cattle industry

April 27, 2017

Cows are generally not top of mind amongthosewho call the animal pen,South of Market, San Francisco, home. But Internet of Cows hackathon, in partnership with The Silicon Valley Forum, the startup put groupsto work brainstorming solutionsfor monitoring herds, exporting goods and securing loans. This is the fourth time that the 17 person BovControl team has hosted thishackathon. The companys mission is to enhance food production. Its core product, a mobile…

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Theranos says it has been mischaracterized in allegations the company faked tests

April 22, 2017

Theranos secretly bought lab equipment through a husk firm, bullshitted testing and inappropriately pumped up the financial services outlook to investors, according to allegations in recently unsealed courtroom papers, first reported by the including some of founder Elizabeth Holmes sharesif they predicted not to sue. PFM and two other investors now respond Theranos has been pressuring them to lower the clothing, recommending they should accept more equity or the company…

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Analyzing the spectrum of corporate innovation from R&D to VC

April 22, 2017

Scott Lenet is President of Touchdown Ventures. More posts by this contributor: “Darth Ventures” and the efficacy of Sith management techniques Innovation is a hot topic, and it can be confusing for large corporations. With terms like acceleratorand A useful framework for understanding corporate innovation distinguishes what innovation assets are controlled by the corporation from what belongs to others. inside or For the record, R&D: Inside-Inside Research and development has been…

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