radical candour from a deep generalist
Love hearing Fred and just his candid take on so many subjects.
Also some pragmatism around crypto but at the same time very interesting ideas of where it can go.
The post 40m mark talks about digital goods and things crypto can unlock. Crazy stuff but still possible.
I read Fred and always admire his experience and just straight talk about the VC industry.
Go listen.
a16z Podcast: Technological Trends, Capital, and Internet ‘Disruption’ — a16z — Overcast
Need to dig into some of this.
CARPEREZ.ORG – Carlota Perez
— Read on www.carlotaperez.org/
Awesome addition to Singapore and the SEA funding scene.
Opening our Singapore office | Eight Roads
— Read on eightroads.com/en/
I am gonna check this out…
FOR: LEVEL3 FOUNDERS
An exclusive forum where startup founders can be inspired, share ideas and
knowledge, learn about opportunities, and make vital connections within the
startup ecosystem. We have Michael Smith Jr., Partner at SeedPlus to lead
the session.
One of my fave founder’s dropping some knowledge and giving some hints into the future.
Worth a read.
Southeast Asia’s startups suffering from Series B crunch, says Kredivo’s Garg
Awesome read. I need to pick up The Economist this week.
I think this one comment sums up what no other ecosystem in the world has.
The density. And he even misses of few of the players in the density – the VC’s, the lawyers and even the companies (many used to be startups) that buy the startups – all are in one big area.
Maybe this shouldn’t be what makes an ecosystem thrive since we all talk about the power of tech in decentralisation and distribution but it seems in this case – density really does matter.
Silicon Valley has always had one important advantage over other regions when it comes to the tech sector. There is a much higher density of talent, capital, employment opportunity, and basic research in Silicon Valley versus other locations. When I say density, I mean physical density. If you walked a mile, how many tech companies would you pass along the way? That metric in Silicon Valley has always been higher than elsewhere and still is. So even though the return on capital (human and invested) has significant headwinds in today’s Silicon Valley, it is still a lot easier to deploy that capital there. And I think that will continue to be the case for a long time to come.
CRA CRA
Looks like there are, or will be, some more Crazy Rich Asians in Singapore. Terra has raised $32 million to fuel its vision of creating Project Terra, the next generation of digital money, based on blockchain and cryptocurrency technology.
— Read on venturebeat.com/2018/08/29/terra-raises-32-million-to-build-the-future-of-money-with-blockchain/
Long PDF read analysing or pontificating Softbanks chance of success as a VC fund.
Very interesting.
On October 14, 2016, SoftBank shocked the world with the announcement of its $100 billion Vision Fund, which would focus on investing in late-stage technology companies. Within 7 months of the announcement, SoftBank had already cemented $93 billion in commitments. To put the unprecedented scale and speed of the Vision Fund into perspective—it took all US-based venture funds 4 years to raise $143 billion from 2014 to 2017.
In its short history, the Vision Fund has already led enormous financing rounds across the globe, from billion dollar plus investments in ride-sharing services like Uber to a $300 million investment in Silicon Valley’s dog-walking and dog-sitting app, Wag. In comparison, the median global VC deal size for late-stage companies was only around $11 million in 2017. The sheer amount of capital deployed has left the venture capital world stunned, with many questioning if competitive returns are possible at this massive funding scale.
At EquityZen, we decided to take a step back and analyze what it would take for the Vision Fund to deliver competitive returns.
Putting India on the map in a big way.
Berkshire Hathaway Invests in India’s One97 Communications – Bloomberg
Dreampipe's Blog 