Forerunner Ventures' Kirsten Green: 'We need to have more women founders'In the male-dominated world of venture capital, Kirsten Green is blazing a trail. Not only is she a leading investor in the retail space, but she also supports a large number of women-led businesses. "We need to have more women founders stepping up to kind of own their own story and ask for what they want, and tell success stories and start really building confidence that these stories are out there," Green says in a new episode of CNN's Boss Files with Poppy Harlow podcast. [ CNN Money ]Ministry of Industry to launch Misr Venture Capital to finance troubled factoriesThe Ministry of Trade and Industry intends to launch Misr Venture Capital Company with capital of EGP 150m to finance troubled factories within days. Minister of Industry Tarek Kabil said that the new company will work on structuring the faltering factories to re-operate them. [ Daily News Egypt ] Tesla looks exactly like Apple pre-iPhone era, says venture capitalistScaleup Mediafund announces pay-ahead foodtech platform Hey You as new investment recipientChina’s ‘sharing economy’ is booming, stoking fears of a bubbleFancy shooting some hoops, but don’t have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice? China’s rapidly expanding “sharing economy”, which already provides car rides and bicycle hire on demand, can help. For just 2 yuan ($0.30) an hour, Nate Liu, a student at the Beijing Language and Culture University, rents a basketball from a court-side vending machine by scanning a barcode on his smartphone. [ Venture Beat ] The Community Zuck Longs to Build Remains a Distant DreamMark Zuckerberg published “Building Global Community,” a 6,000-word open letter directly addressed to Facebook’s users. “To our community,” Zuckerberg begins. “On our journey to connect the world, we often discuss products we’re building and updates on our business. Today I want to focus on the most important question of all: are we building the world we all want?” Zuckerberg goes on to propose a solution that—in true Silicon Valley fashion—involves the very company he created. With a bolded flourish, he writes, “In times like these, the most important thing we at Facebook can do is develop the social infrastructure to give people the power to build a global community that works for all of us.” [ Wired ] STC establishes ME’s largest venture capital fundMichigan outpaces the nation in venture capital growthLessons learned on growth and scaling internationally: Eventbrite co-founder and Index Ventures’ Renaud VisageIn just a few days, yours truly will be interviewing Renaud Visage on stage at Pioneers’17 in Vienna, in an attempt to completely pick his brain on the topic of growing a startup from scratch to global scale-up. Visage knows a thing or two on the subject, having been the founding technical architect of Eventbrite, an active angel investor and startup mentor. [ Tech.Eu ] 7 Lessons From 100+ Failed StartupsDriving across the US to meet with everyday Americans is becoming a popular pastime — or marketing stunt — for tech executives living in the Silicon Valley bubble. Joshua Reeves, the cofounder and CEO of the human-resources software startup Gusto, joined the likes of Mark Zuckerberg and top investor Sam Altman when he visited 11 cities in 10 states, meeting Gusto customers and learning about their businesses, goals, and values. [ Business Insider ] Laptop Ban May Expand to All International Flights, Kelly SaysHacker News Highlights: April & May 2017Saluting veteran founders and their mission-driven startupsSnapdeal founders, Nexus pump in $17.5m to tide things over Fifth generation Clare Valley lamb farmers launch micro-abattoir ventureClare Valley farmers of ethical and stress-free lamb, Michele and Phil Lally, are mothballing operations to focus on a new micro-abattoir venture.The fifth-generation farmers, who have won awards for Savannah Lamb and their free-range eco farming, are manufacturing customised micro-abattoir units in Clare to target smaller meat producers. [ Adelaide Now ] Fixing citiesLocal information is a mess, but tech and journalism are joining forces to help
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