A Startup Raises $11M Using Zoom, A Ransomware Maker Gives Money To Charity...and Other Small Business Tech News
Here are five things in technology that happened this past week and how they affect your business. Did you miss them?
RESTON, Va., Oct. 22, 2020 /PRNewswire/ -- StreetShares, a mission-driven financial technology company, announced today they have secured a $10 million round of funding from Motley Fool Ventures, Ally Ventures (the strategic investment arm of Ally Financial), and individual fintech angel...
Paul Tudor Jones II, a billionaire pioneer of the modern hedge fund industry, said he's even more bullish on bitcoin and lauded the "intellectual capital" behind the leading cryptocurrency.
China Tech Digest: Ping An Overseas Fund Raises $875m, Jack Ma Still Richest Man - China Money Network
Ping An Overseas, a subsidiary of Ping An of China, completed the fundraising of US$875 million in private equity funds Ping An Insurance of China announced on Monday that Ping An Overseas Holdings, its main overseas investment and asset management platform, successfully completed two private equity fundraisings, raising a total of US$875 million; among them, [...] China Tech Digest: Ping An Overseas Fund Raises $875M, Jack Ma Still Richest Man comes from China Money Network: Primary Data for China's Primary Markets! All Rights Reserved.
Summary List Placement Every year, venture capitalist Semil Shah nominates a breakout tech company of the year and his track record for picking winners has been unquestionably impressive. His 2020 pick? Hopin, a virtual events startup that has become the latest beneficiary of this year's turn towards virtual work. Shah has no relationship to this company or its investors but writes, "I sure wish I did!" Shah is the founder of seed/pre-seed firm Haystack, and a venture partner at Lightspeed.
The continent has struggled to produce many notable initial public offerings in the tech space, in stark contrast to years ago when the likes of music streaming service Spotify and payments processor Adyen went public.
Summary List Placement The "wild West" days of Silicon Valley are no longer, and law firms have increasingly been turning their attention westward, seeking to establish a presence in the Bay Area amid the tech and life sciences boom. Freshfields announced in July that it will be opening a Silicon Valley office, citing the continuing growth of "the impact and strategic importance of technology and life sciences businesses." Meanwhile, Paul, Weiss, Rifkind, Wharton & Garrison also said that it intends to establish a Northern California office, as previously reported in Bloomberg Law.
As traditional money markets boom to record highs of 4.6 trillion dollars, it is clear investors are looking for safe returns during these times of economic uncertainty.
Perhaps the most unexpected aspect of this unprecedented pandemic has been the wholehearted embrace of collaboration in the pharmaceutical industry, which was characterized as everything but a collective spirit.