1.
Silicon Valley giants accused of avoiding over $100 billion in taxes over the last decade
Six of Silicon Valley’s biggest companies had a combined “tax gap” of more than $100 billion this decade, according to a new analysis. Fair Tax Mark, a British organization that certifies businesses for good tax conduct, assessed global tax payments from Facebook, Apple, Amazon, Netflix, Google and Microsoft between 2010 and 2019. The companies are sometimes collectively referred to as the “Silicon Six.” The research, published Monday, analyzed their 10-K filings, which are financial forms submitted by businesses to the U.S. government. [ CNBC ]
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2.
Ovo CEO talks company strategy, investments, rumors
Indonesian digital payments player Ovo is undoubtedly a newsmaker in the country’s digital ecosystem. The company has grown rapidly in the past year and it has achieved many important milestones: it acquired lending platform Taralite and online investment platform Bareksa, invested in two tech startups, and rolled out the PayLater feature. [ Tech In Asia ]
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3.
Mike Judge on the real Silicon Valley: ‘Steve Jobs didn’t build anything’
Six years ago, Mike Judge was feeling apprehensive about his new HBO series, “Silicon Valley.” He wasn’t even sure about the title. “It was just a placeholder,” the writer, producer and comedy mastermind tells The Post. “It was never meant to be the real title. But even when we got close to airing, we still didn’t have anything.” Judge was adamant that the title not be “Silicon Valley.” [ NY Post
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4.
Two of Silicon Valley’s most crucial hubs outside the US are about to get connected
Ireland and Israel are easily two of the most important non-US cities for the tech giants in Silicon Valley. Google, Facebook and Apple all have a significant presence in both countries, and they’re about to be properly connected for the first time. El Al, Israel’s national airline, is planning to launch flights between Tel Aviv and Dublin in May 2020, forming a techie golden triangle between San Francisco, Tel Aviv and Dublin. In other words, Silicon Valley’s
global empire is going to be better connected than ever before. [ sifted ]
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5.
$74 Billion Worth of Merchandise Gets Returned Around the Holidays. This Startup Is Helping Retailers Deal With It
Not all sales are final. In fact, more than half--54 percent--of all customers surveyed by research firm WBR Insights last year said they had returned at least one gift they received during the holidays. This year, UPS has said it expects to handle as many as 1.9 million returned packages per day in early January. For retailers, that means significant resources spent processing returns and repackaging them to be sold again. [ INC ] Checkout 15K+ Venture Capital Data on our platform.
6.
Canadian FinTech startup KOHO secures $25M to offer a smart spending account with no-fees
KOHO, a FinTech startup that is changing the way Canadians bank, has raised $25 million led by U.S.-based venture capital firm Drive Capital, whose portfolio boasts Duolingo, Udacity, and Root Insurance. National Bank of Canada, through its venture capital arm NAventures, also participated in the round. The funding, which came six months after announcing a Series B round, will allow KOHO to continue to deliver and scale the company’s bold mission to bring transparent and intuitive financial products to Canadians. KOHO’s Series B round was led by Portag3 Ventures and included investment from Greyhound Capital. [ Tech Startups ] Checkout 15K+ Venture Capital Data on our platform.
7.
Tiger Global Leads $20 Mn Series A In Infrastructure Marketplace Infra.Market
Mumbai-based infrastructure technology company Infra.Market on Monday (December 2) announced that it has raised $20 Mn in Series A funding round. The investment has been led by US-based investment firm Tiger Global with participation from Nexus Venture Partners. Existing investor Accel Partners also invested in the round as well as Dhruv Agarwala, founder and chief executive officer of Proptiger. With this funding, the total amount raised by Infra.Market is $24.5 Mn. The startup plans to use the funds for expansion in cities such as Hyderabad, Ahmedabad, and Chennai and also aims to grow its revenue from the existing $5 Mn per month to $20 Mn. [ Crunchbase ]
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8.
Sino-Ocean Capital Leads $50M Round In Automotive Aftermarket Service Platform Jybd.Cn
Chinese automotive aftermarket full-industry chain comprehensive service platform Jybd.cn announced that it had completed a RMB350 million (US$50 million) series B round of financing this month. At present, the company has completed three rounds of financing and has received capital from CITIC Investment Capital, Manbang Group, Shenzhen Road and Investment. The last round of financing occurred one year ago in June 2018 when the company announced the completion of a 300 million yuan
series A round of financing invested by Manbang Group. [ China Money Network ]
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9.
Eclectic Convergence 2019: A Fireside Chat with Rebecca Kaden
Rebecca Kaden Managing Partner, Union Square Ventures Rebecca Kaden is a Managing Partner at Union Square Ventures, a thesis-driven Venture Capital firm based in New York City. She invests in businesses using technology to broaden access to knowledge, capital, and well-being. Rebecca was born in New York City. She studied English and American Literature at Harvard and received her MBA from Stanford. Entrepreneurship at Cornell is a diverse, university-wide program that finds and fosters the entrepreneurial spirit in participants from every college, every field, and in every stage of life. We are grounded in the belief that individuals who exhibit an entrepreneurial spirit and have acquired
entrepreneurial knowledge can add significant value to any working environment from the smallest startup to the largest business, from non-profits to government agencies. Checkout 15K+ Venture Capital Data on our platform.
10.
The Rise of Chinese Private Sector Investment in Africa
Chinese investors have been wary of the African market. For a long time, China's cash-rich venture capital, private equity, and corporate investors have preferred the stability in the U.S. or the cultural familiarity in Southeast Asia's markets. Africa, in their view, just didn't have the profile they were looking for as an investment destination. Many felt the risk was just too high in fragmented markets where consumers lacked sufficient wealth to generate the kind of returns their portfolios demand. Checkout 15K+ Venture Capital Data on our platform.
11.
Muneeb Ali: Blockstack and Crypto Singularity | Blockstack Summit 2019
12.
Henry Kaestner | Sovereign's Capital - Retrospective
13.
CoinGeek Seoul Conference 2019: Investment in the BSV Ecosystem
In this panel at the CoinGeek Seoul Conferenece, venture capital fund heads and business owners share their advice for developers looking for funds to help their Bitcoin SV projects take off. The members of the panel include Landmark Asia Holdings President Sam Chi, Two Hop Ventures General Partner Jann Smitt, Block Crafters partner Joony Koo, and Blockchain Angel Investor Tony Tong. Checkout 15K+ Venture Capital Data on our platform.
14.
SHIYAN KOH | Hustle Fund - Singapore Venture is Here! - What's on Your Home Screen? - S1E13
15.
How Spain is Building a Strong Biotech Ecosystem
The biotech sector is rapidly gaining momentum in Spain. At Labiotech Refresh in Barcelona, Raúl Martín-Ruiz, Partner at the venture capital firm Ysios Capital, shared his experience investing in Spain’s biotech industry over the last decade.
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16.
From Slooooow Growth to Hypergrowth with Insight Partners and Collibra | SaaStr Software Community
How does a startup that launched during the financial crisis in 2008 become a unicorn company in 2019? For Collibra, a cross-organizational data governance platform, the company went from slow growth to hypergrowth. Felix Van de Maele, Co-Founder and CEO of Collibra, will be joined by Teddie Wardi, Managing Director of Insight Partners, to unpack how he built a unicorn company from idea to conception to record growth. Felix will share insights on how he founded Collibra in Belgium, successfully relocated the company headquarters to New York City, and raised $233 million total in venture capital to become a unicorn company.
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17.
Rebeca Hwang: From Ideas to Impact | Unicorner Official Slush19 Side Event
Keynote by Ms. Rebeca Hwang, Managing Director and Co-Founder of Kalei Ventures. From Ideas to Impact: The role of venture capital and global collaborative networks in turning groundbreaking research into novel applications.
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18.
Webinar: Fair Value Reporting - Valuation Best Practices
19.
Meet the CEO of an education company he started at age 11 that Amazon, Microsoft, and PwC are counting on to retrain their workers for the digital age
20.
Finding free money for your social impact startup
Congratulations; you’ve decided to launch a technology-enabled startup with a positive social impact! Nearly every major Silicon Valley venture-capital firm has now invested in a B Corp; maybe you will be one of them! The bad news: some venture capitalists have a bias against startups with an explicit positive social impact on the grounds that they have a smaller addressable market, and that the founders are not sufficiently focused on creating shareholder wealth. And of
course, effectively all venture capitalists are going to require some equity for their investment. [ Tech Crunch ]
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