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Since the majority of VC returns come from a small number of deals, “obvious” investments seldom return such incredible multiples. In other words, if it seems this obvious to us then it must be this obvious to many other investors and probably to many other teams gearing up to compete.
The dynamics that play into this forecast, aside from the impact of COVID, include a youthful population (the youngest globally), rising smartphone adoption and internet penetration that has led to a burgeoning tech ecosystem backed by local and international VC dollars. Sectoral transformation.
Shared transportation in Nigeria, Africa’s largest country by population, is a thriving business, at least when done the conventional way: offline. CEO Damilola Olokesusi founded Shuttlers in 2016 to address the issue of inefficient transportation costs in Nigeria’s most renowned urban city, Lagos.
As drivers we look out for them, as pedestrians we might be annoyed if they steer in our way but the riders themselves have developed better norms as happens in all forms of transportation. They’re not new. They’re not novel. They’re invisible. And their usage is growing. Hats off to the teams that have done this.
Plentywaka , a Nigerian bus-booking platform, today announced that it has been accepted into the Techstars Toronto accelerator program. Due to the nature of its business, Plentywaka had to make a slight pivot and began transporting essential services across Lagos, especially food items. It also opened a logistics service.
We studied that very challenge while researching our new book, “The Entrepreneur’s Faces.” Below, we profile five of the 10 different types of entrepreneurs we discuss in our book, and why these are the key people you want on your side from the start. We found that new ventures require radically different talents and skills.
Freightify , a startup that refers to itself as the “Shopify for maritime freight,” provides white-label rate management and e-booking tools that freight forwarders can use to set up online stores, reducing the time they need to spend on administrative work. The startup announced today it has raised $2.5
Over the last decade, there have been many innovations that have changed our lives by addressing long-standing pain points in age-old industries like transportation and financial services, and in so doing, raised complicated questions for policymakers and society. This week, I’ll plan to share?—?in in no particular order?—?two
In Amsterdam, rich people take public transport, not private buses. Booking.com started in 1996 and was later acquired by Priceline Group (now called Booking Holdings) in 2005. For this survey, we interviewed the following Amsterdam-focused investors: • Janneke Niessen, partner, CapitalT VC. Renaat Berckmoes , partner, Fortino.
Despite the uncertainty in the tourism sector from the Covid pandemic, the PEV team didn’t slow down but instead went on to launch two startups — Elephant Bookings, a software as a service (SaaS) product, and Nomad.Africa, a content-to-commerce magazine. Bookaway books $35M to scale up its ground transportationbooking platform.
The startup said Tuesday it has raised $9 million in funding from DN Capital and Amplo VC. Despite this fast growth, Schoenack said more than half of Kyte’s bookings come from recurring users. Consumers have been more willing to try alternatives like Kyte to travel as COVID-19 has turned many off from air travel. ”
Startups/VC. Calendly : The explosive growth of meeting-booking service Calendly was bound to attract competition. Transit security is big business : Flush with a $50 million Series B, Shift5 is working to build transportation security. And in case you missed it overnight, the Nvidia-ARM deal is kaput. Fantastical v.
Canadian-based VC firm The Xchange led the round, SOSV and Shock Ventures participated, while Techstars Toronto made a follow-on investment. Plentywaka is primarily a bus-booking platform but, per its website, has more than 900 vehicles, ranging from cars to vans to buses.
Ukraine’s startup ecosystem was thriving before the war and making great progress, with Ukrainian startups raising $832 Million in VC funding in 2021. VC Funding was steadily growing before the war and there are more than 50 VC firms continuing to operating in the country. Secured seed finding from SMRK VC.
Here are six reasons why good presentation decks are impactful: Importance of Narrative – Last year I was turned on to an amazing book by Jonathan Gottschall titled The Storytelling Animal. The goal is to bring the investor to the VC equivalent of Q.E.D.
A combination of university talent pipelines, top-rated quality of life, growing startup ecosystem, and growing VC funding has Tree Town topping lists as one of the best places to start a tech company or find a top tech job. Spellbound has gone from bootstrapped XR startup to award-winning company with a growing team. and the world.
Released in 2011, “Start-up Nation: The Story of Israel’s Economic Miracle” was a book that laid claim to the idea that Israel was an unusual type of country. As in other countries in “COVID 2020”, VC tended to focus on existing portfolio companies. Via Transportation raised $400 million in Q1.
For decades, there were several blocks where angels and VC partners camped out at café tables, taking pitches between lattes. DeWitt, who became a VC after selling Drop, Inc. ” There’s an inherent power imbalance when asking a stranger for money, but “VCs should work to earn your trust,” writes DeWitt.
Whether it’s bundling bookings, payments or just trip planning, startups are selling these mobility-as-a-service (MaaS) offerings as a lifeline to make transit agencies the backbone of urban mobility. Digging deeper, he pulled numbers from Crunchbase and PitchBook to track VC activity in Africa over the last three months.
Only two other companies are aiming at backyard deliveries with this end-to-end capability: Amazon’s Prime Air, which serves only Amazon, and Alphabet’s (Google) Wing, currently focused on medical supplies and library books. The use of drones for food deliveries is forecast to increase dramatically. Life lessons from a venture visionary.
Startups and VC. Come stay in my guest room : Ingrid reports how property management for vacation rentals is big business, and Guesty books $170 million to double down on property management tools for Airbnb and other rental platforms. How should web3 companies approach fundraising during a downturn?
Allow untrusted network participants to trade If you started a business 200 years ago you could mostly only trade in your local economy and you relied about “traders” who could transport your products great distances to those who might like to buy them in foreign lands. We’ll have to see how it all plays out.
Startups and VC. Uber and Omio join forces in the UK so that users can book trains, coaches and bus travel, Natasha L reports. The ride-hailing giant sees this as a way to not only get into longer distance travel, but also to capture, or recapture, travelers moving between different forms of transportation. Big Tech Inc.
Startups and VC. Hold my battery: Package-transporting drones are cool. As per Jaclyn , surging demand for this year’s most hotly anticipated EVs is smashing order books and lengthening waitlists. The Titanium-clad M-A Titan takes film, and — if that weren’t unobtainable enough — costs an eye-watering $20,000.
Getting to Yes and What Happens Next: An Unfiltered Chat with a Top VC , with Mayfield. BF 200 Fast-Pitch Sessions — Clean Tech, Climate, Mobility and Transportation. Use the event app to book one-on-one meetings with other attendees at the show or at any of these events you attend. . – 1:50 p.m.: 2:00 p.m. – 2:00 p.m. –
The Station is a weekly newsletter dedicated to all things transportation. This week it’s a dual-hosted event with transportation editor Kirsten Korosec and transportation reporter Rebecca Bellan steering the ship, er, car. Gross bookings rose 33% to $29.1 billion, up 105% from last year. billion from $21.9
We have [in our portfolio] companies decarbonizing food, fashion, data storage, transportation, chemicals, mining. If I had to choose a few to start, I’d say food, transportation and energy. TC: And if Trump gets reelected?
So if Internet and mobile technologies can be used to change real estate or transportation, why not healthcare? I got very lucky early on because someone introduced me to a book by David Goldhill called “Catastrophic Care.” ” What’s interesting about the book is David’s an outsider.
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