Rhea LiuChen Ou, CEO of Jumei.com, disagreed with the opinion that a winter for entrepreneurs is coming and expressed confidence in entrepreneurship at a forum held by venture capital fund Zhen Fund last Thursday, reported Sina Tech.Chen Ou, 31 years old, was once featured in Forbes magazine as a promising CEO.He founded Jumei.com, an e-commerce platform known for selling cosmetics and makeup.Jumei.com debuted on the Nasdaq last May at USD 22 per share.Xu Xiaoping, one of Jumei s angel investors said profits have increased 800 percent in 4 years.Following the downturn of the Chinese stock market in August, investors have become more wary of investing in once popular Internet businesses.Some critics have warned of a so-called winter for entrepreneurs approaching because many startups have since crumbled with the break in the capital chain.Chen Ou, however, holds a different opinion.High valuations are always accompanied by protective provisions.Protective provisions might not hinder a company when it is able to maintain financial stability, but will likely harm a company if it faces the prospect of a great decrease in valuation or possible acquisition.
The investor Nicolai Wadström traveling money to the venture capital company Bootstrap Labs next fund. Today Bootstrap Labs total of 18 employees, four full-time experts and advisors part time. The basic idea is still alive, it is useful to combine human capital with venture capital, says Nicolai Wadström. We aggregate massive amounts of data in the world. Nicolai Wadström think it will be a good investment fall, also in the correction of the market that has taken place in the spring. Many other US companies have also opened offices in the valley to get closer and buy into various startup companies.
Oliver Samwer, the billionaire founder of Berlin startup incubator, Rocket Internet, has teamed up with London-based venture capital firm LocalGlobe to back a new property company Goodlord in a £2 million seed funding round.Cofounded in London in 2014 by former Foxtons estate agent Richard White and brothers Philip and Tom Mundy, Goodlord is an online service that allows tenants to pay their holding deposits, complete their references and sign the agreement from their computer, or mobile phone."Our platform connects all the stakeholders and it does it in a way that is transparent and fair to all sides," said White, the company's chief executive, in a statement.Tenants want to go and see a property and say 'Yes I ll take it' and for the deal to happen right there."Goodlord — already transacting thousands of tenancies a month — said it will use the new funding to hire more people to help build out its infrastructure and to add new features across its platform.The company currently has between 15 and 20 staff."Samwer pledged the money through his new fund, Global Founders Capital.NOW WATCH: Bumble founder: Men should stop putting these 4 things in their profilesLoading video...
E-commerce site for food beefs up - take money from both existing and new investors. Listed Mat.se increased its sales by almost 70 percent last year, to just over 200 million. Price was set at SEK 7.50 per share. We are very pleased with the great interest from both existing and new Swedish and international investors, says Måns Danielson, CEO of Mat.se. Mat.se was founded in 2012 and is listed on First North. The rights issue will strengthen our financial position and is an important step in the financing of our continued growth and expansion, says Måns Danielson.
Photo: Enoch YiuChina, the world s second largest venture capital market, may have seen a record number of new start-ups last year, but it s struggled on another abstract metric of success -- the output of unicorns, or young companies with a valuation of at least US$1 billion.Premier Li s visit, which the fund managers considered as a sign of government support for start-ups, has helped rekindle interest from venture capital and entrepreneurs alike.Chinese unicorns stand the best chance of spring up from the fields of technology, media, culture, consumption and health care, he said.Technology and entertainment are other fast growing sectors.Internet concepts that only offer information online are not likely candidates.Even if the start-ups fail to reach unicorn status, Guo said they could be successful if they have the right business model and can follow the Chinese saying of accumulate a lot, use little.
They re startups hoping to win investments from HPE s venture capital arm.Putting money into startups is a way for the company to contend with new technologies from rivals like Amazon.com Inc. and Google.Every quarter she hosts Coffee With Meg gatherings, listens to presentations from startups, asks pointed questions, and helps decide who will get the company s money.Whitman s VC push comes after witnessing huge writedowns that cost the company more than $15 billion early in her tenure.Also in 2012, it said it would write down about $8 billion after purchasing Electronic Data Systems four years earlier.In November, HP underwent a massive corporate split from what s now called HP Inc., which sells computers and printers.The purpose of this is for us to actually be in the market all the time, understanding the emerging technologies, he said.Corporate venture capital is nothing new; Google and Intel Corp. both have investment arms.Ananth said the group is also looking at possibly expanding internationally and getting into new fields such as artificial intelligence.Already, HPE is seeing gains from its investments.
The Swedes behind tinders Chinese counterpart Tantan receive heavy capital from including Russian billionaire Yuri Milner's DST Global venture capital companies, can Breakit now reveal. This time the company has taken in $ 32 million in venture capital, corresponding to approximately SEK 266 million from existing investors as well as the well-known investment company DST Global, which led the round. The money will be used to continue to grow and build the product, said Yu Wang Breakit, which reveals that the company is valued at SEK 1,2 billion in the deal. Yu Wang says that it is a good figure, but think the potential is much greater than that. We see it as we can get up to 50 million daily users within two-three years. In Asia, there are currently no truly dominant player, and China is a very big country, he says.
The newly trademark and license agreement means that the newly formed company HMD Global will create a new generation of mobile phones and tablets with the Nokia brand. HMD is also planning to buy the right to use the Nokia brand of simpler phones, so-called "feature phones", from the American IT giant Microsoft, which took over Nokia's mobile phone business in 2014, according to a press release from Nokia. The company receives exclusive rights to manufacture mobile phones and tablets with the Nokia mark the next ten years and will invest more than $ 500 million, over four billion, over three years, according to the press release. Behind the HMD is the venture capital company Smart Connect, led by Nokia veteran Jean-Francois Baril. HMD will be an independent company in relation to Nokia, which will neither invest in or hold shares of HMD. But Nokia will have one of five chairs in the HMD's board and check that the work responds to what Nokia sees that consumers' expectations of the brand in terms of issues such as design and quality.
Niklas Zennström, the cofounder and former CEO of Skype, encouraged startup founders in London on Wednesday to try and behave like ducks when things get stressful.Speaking at the Second Home startup space, Zennström said: " Running a business is a lot of pressure for different reasons.You re going to run out of cash.'"The billionaire, who founded file-sharing site Kazaa prior to Skype, added: "As the founder, you cannot blink.You need to always be very confident it s going to be fine, even if you re panicking."Over the last 10 years, the Swede has been investing in promising startups worldwide through Atomico — a venture capital company he set up in London after selling Skype to eBay for $2.6 billion £1.8 billion .The fund has backed the likes of music streaming service Last.fm, "Angry Birds" creator Rovio, and taxi app Hailo.
It is very likely that the HMD includes Foxconn Global power circuit. HMD Global says on its website that the company owns a fund called Smart Connect and HMD's management. The fund in turn leads to acquisition of Nokia's director of the year 1999-2011 worked as Jean-Francois Baril. essential HMD-organization of is the fact that he is established in early 2015 Ginko Ventures, the venture capital company called founder and shareholder. Ginko and Foxconn are still not HMD's owners, says the company's communications Britain to hand the attending representative of the Office of Communications. Story updated 17.39 Foxconn comment on a post.
News: Several Intel Capital employees are expected to be transferred with portfolio.The company said 212 portfolio firms have gone public on several exchanges globally and more than 383 were acquired or participated in a merger.Earlier this month, Intel sold $2.75bn worth of bonds to refinance existing debt and a portion of notes that are due to mature in 2017.The company is shifting its focus to cloud in order to address the decline in the personal-computer market and its failure to capitalise on the switch to smartphones.As part of its changing focus, Intel is planning to cut 12,000 jobs, which equates to 11% of its workforce.The company hopes to save $750m this year, with annual run-rate savings of $1.4bn by mid-2017.
Expedia Inc. s chief executive officer is expecting more company in the world of online travel booking, predicting Facebook Inc. will follow Google into the business.Facebook is already working on e-commerce, letting users save their payment information on the social media giant s site and purchase products they see advertised there directly through buy buttons.Google now lets users book trips and lodging directly through its search engine, a feature the U.S. Justice Department cited when it approved Expedia s takeover of Orbitz last year, saying Google was increasing competition.The development would bring both risks and opportunities for Expedia and rivals, Khosrowshahi said.For years, hotel companies have tried to find ways to drive more sales through their own websites so they can avoid the premiums paid to the likes of Priceline and Expedia when customers book lodgings and trips through them.If Facebook pushes into travel booking it will most likely follow Google s lead, building a tool that lets hotel chains and online travel agents show up in search results on the social network, Dan Wasiolek, an analyst with Morningstar Inc., said in an interview.This new targeted advertising platform in theory is supposed to offer a better way to target travelers when they re planning a trip and when they re in the destination, Henry Harteveldt, founder of the travel industry research firm Atmosphere Research Group, said in an interview.Travel companies including Hyatt Hotels Corp. and Air France-KLM are using Facebook s Messenger application to talk to customers.So is Expedia, said John Morrey, vice president and general manager of Expedia U.S. That s another area that Facebook could expand its presence in, Harteveldt said, either by getting more companies to do business on Messenger or building its own booking tool in the app.Expedia, which celebrated its 20th anniversary last week, went on a $6 billion acquisition spree in 2015 by buying Orbitz and vacation rental company HomeAway.Startups like GetYourGuide GmbH, Vayable Inc. and Peek Travel Inc. have raised venture capital for their own tour-booking websites and applications.
An investor who is interested in technology related to food and food industry in recent years is Gustaf Brandberg, one of the people behind the venture capital company Gullspångsälven Invest. Already in May last year told Gustaf Brandberg for Breakit that the goal was to make investments in companies with a technological and innovative level. We have identified four areas that we want to focus on: energy, food, health, education and resource efficiency, he said then. Since then the company when it comes to particular foods including invested in Mat.se recently took in $ 100 million in capital, kylpåsen Ifoodbag and Oatley, which produces oat milk, according to Gustaf Brandberg is very tech and research behind. He keeps on producing food without sugar. We look for companies where there are clear synergies with companies we already own.
View photosMoreRepublican U.S. presidential candidate Donald Trump poses for a photo after an interview with Reuters in his office in Trump Tower, in the Manhattan borough of New York City, U.S., May 17, 2016.In a Reuters interview, the New York billionaire said technology start-ups that had never earned a profit were able to sell shares at very high prices, likening the situation to the overheated stock market in 2007."I'm talking about companies that have never made any money, that have a bad concept and that are valued at billions of dollars, so here we go again," Trump said.Some startup founders rejected Trump's generalization that all companies are burning cash and overvalued; certainly many of them are, and in the last several months a correction has started to rectify years of exuberant investments."So far he has been saying dumb things but they seem to be getting dumber and dumber," Vivek Wadhwa, an entrepreneur and Stanford University fellow, told Reuters."There is nothing in his Trump's track record to show that he has been out here and met with any technology leaders and knows this industry and knows about innovation," said Aaron Ginn, co-founder of the Lincoln Initiative, a community that promotes libertarian and technology-friendly values.
In Berlin s venture capital arms race, E.ventures is the latest tech investor to stock up.The firm, with operations in Germany, San Francisco, Brazil and Asia, said it s closed a $150 million fund to invest in early-stage European technology startups and has hired Bernardo Hernandez, a veteran of Google Inc. and Yahoo Inc., as its fifth general partner.The company is also raising a U.S. fund that may be as large as $175 according to a filing with the Securities and Exchange Commission.Along with an existing $290 million growth fund, E.ventures becomes one of the largest VCs angling for stakes in Germany s burgeoning startup scene.Hernandez, a Spaniard who started at Google in its marketing division in 2005 and later joined executive Marissa Mayer when she became Yahoo s Chief Executive Officer, plans to move from California to Berlin in June, said Christian Leybold, a general partner at E.ventures.E.ventures is the latest German VC to raise a big new fund in hope of competing for the startups being created in Berlin and elsewhere.Project A Ventures, Cherry Ventures and BlueYard Capital have all raised funds in excess of $135 million this year.In Europe, "there are companies in our portfolio from Stockholm to Lisbon.Founded in the late 1990s by veterans of German media company Bertelsmann and the European branch of AOL Inc., E.ventures uses software and some 70 data sources to track "performance indicators" of startups to see who s growing faster than expected and may warrant a meeting, said general partner Matthias Schilling.It also positions itself as willing to invest enough time to guide entrepreneurs.The firm s press release announcing its latest fund did not shy away from candidly noting, with choice language, the kinds of people "founders do not like".E.ventures focuses on consumer Internet, online media and mobile computing startups and invests in companies including NGINX, an open-source Web server, and Farfetch, an online luxury retailer.
This time it s e.ventures, which has closed a new $150 million early-stage fund to invest in European startups.Hernández has founded multiple companies, including real estate listing site idealista, and has been a senior director of product at Google and the general manager at Flickr.He also has 10 years of experience investing, including founding his own VC firm in 2008, StepOne Ventures in San Francisco, in a bid to help European companies access the U.S. market.Mobile marketplace Wallapop, social network Tuenti, and retail CRM Index are some of Hernández s more notable investments.Meanwhile, e.ventures new fund will be focused on seed and Series A rounds, and, says the VC, will be deployed alongside its existing $290 million growth fund, which invests at later stages and is used for subsequent funding rounds.In this regard, e.ventures is talking up its ability to support its portfolio startups with capital and operational expertise through the full investment lifecycle, although that isn t entirely unique in European VC or elsewhere.
Many startups are starting to put the materials together to go public, but that doesn't mean the IPO market has warmed up to tech, says venture capitalist Sandy Miller of IVP.For now, those companies are content watching from the sidelines, and very few have even taken the steps to confidentially file, he added.If anything, he doesn't expect the IPO window to open until Q3 at the very earliest.More likely, companies will wait until Q4 or even 2017 before going public — and this is after a year when the first quarter saw no IPOs from a tech company whatsoever.Why the chill?As a result, many will wait until post-election — or at least once it's more clear who will win — to know how the markets will react, IVP partner Eric Liaw added.While much of the focus has been on the billion-dollar "unicorn" companies, which have been grazing from buckets of cash for awhile, Miller predicts that the industry is more likely to see smaller, profitable companies go public first.Companies like Yelp, OpenTable, and Zillow are examples of companies that went through a smaller offering, Liaw said.Meanwhile, startups that are trying to raise money through venture capital instead of going public will find a different atmosphere than the last few years.
SINGAPORE—A venture-capital firm launched last year by Facebook Inc. co-founder Eduardo Saverin and a partner has raised more than $143.6 million in the first close for its first fund, according to a regulatory filing Thursday.B Capital Group, which was founded in 2015 by the Brazilian-born Mr. Saverin and Raj Ganguly, a veteran of private-equity firm Bain Capital LLC, said in a document reviewed by The Wall Street Journal Thursday that it sees promising opportunities to invest in innovative tech firms around the world, not just in traditional hot spots like Silicon Valley.The fundraising comes as some venture capitalists are starting to curtail funding in Asia amid weakness in the global economy, worries over China s volatile stock market and talk of a bubble in the U.S.The World Bank in January said that India, which is home to some 1.3 billion people, will be the world s fastest-growing developing economy until at least 2018.B Capital Group also said in a document reviewed by The Wall Street Journal that it had already invested undisclosed amounts in its first two portfolio companies.Mr. Ganguly declined to comment on the size of the Ninja Van and Evidation investments, or on a possible time frame for investing the new funds.
Ultimately, it is about building a virtual bank, where consumers not only get a better understanding, tips and advice on all their finances, but also can act on it, says Fredrik Hedberg, founder and product manager at Tink. The round also involved the Danish venture capital company Sunstone Capital as well as the Dutch bank ABN Amro, which Tink has partnered with in the past. We think it should be easy to make smart financial choices and want to contribute to greater transparency, which will benefit both the consumer and the best banks. Getting investors with extensive experience as well as develop partnerships with traditional banks is obviously a big step for a company Tink says Daniel Kjellén, founder and CEO of Tink. Through the partnership with Tink will enable us to develop even better digital offerings for our customers. The combination of our integrated offering and Tinks functionality is a good example of how established banks and Fintech companies can create customer benefits together, "says Christoffer Ore, head of the department for business and private customers at SEB.
The amount of money being invested into food delivery startups declined rapidly in the first quarter of 2016, according to research from venture capital analysis firm CB Insights.Grocery and restaurant delivery companies raised $609 million £416 million in the first quarter of the year, down from $2 billion £1.4 billion for the final quarter of 2015.CB Insights' data shows that food delivery startups are set to raise half as much money in 2016 as they did in 2015.In 2015, $5.4 billion £3.7 billion was raised by some 259 food delivery startups, up from 58 in 2012.London's Deliveroo raised a $100 million £68 million funding round in November 2015, while Berlin's Delivery Hero raised $110 million £75 million in June 2015.The most well-funded food delivery startup to date hails from China, with Shanghai-based ele.com raising $2.3 billion £1.6 billion from investors at Silicon Valley fund Sequoia, Chinese tech giant, Alibaba, and many others."US-based companies have attracted 45% of food delivery deals since 2012, followed by India with 18%, China with 10%, and Germany with 6%," wrote CB Insights on its blog."However, the dollar breakdown looks rather different."China s five mega-rounds since 2012 three to Ele.me and two to Womai contribute to the nation s 41% share of food delivery dollars over the five-year period, even as it took just 10% of deals.Germany has racked up six $100 million mega-rounds: three to Delivery Hero, one to HelloFresh, and two to FoodPanda."Of Germany s food delivery mega-rounds, investor Rocket Internet participated in four.
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