Tag: finance
Nigeria is becoming Africa’s unofficial tech capital
Africa has one of the world’s fastest growing tech markets and Nigeria is becoming its unofficial capital. While the West African nation is commonly associated with negative cliches around corruption and terrorism — which persist as serious problems, and influenced the Trump administration’s recent restrictions on Nigerian immigration to the…
Read More
KPCB has already blown through much of the $600 million it raised last year
Kleiner Perkins, one of the most storied franchises in venture capital, has already invested much of the $600 million it raised last year and is now going back out to the market to raise its 19th fund, according to multiple sources. The firm, which underwent a significant restructuring over the…
Read More
All eyes are on the next liquidity event when it comes to space startups
At the FAA’s 23rd Annual Commercial Commercial Space Transportation Conference in Washington, DC on Wednesday, a panel dedicated to the topic of trends in VC around space startups touched on public vs. private funding, the right kinds of space companies that should even be considering venture funding, and, perhaps most…
Read More
Tesla closes Shanghai factory over coronavirus concerns
Tesla was ordered by the Chinese government to shut down its Shanghai factory over concerns about the coronavirus, a closure that will delay Model 3 production and ultimately put slight downward pressure on profits in the first quarter, the automaker’s finance chief Zach Kirkhorn said during an earnings call Wednesday.…
Read More
Bankin’ and Bridge launch payment API using bank transfers
French startup Bankin’ has introduced Bridge Pay this week, an API that lets you initiate payments using bank transfers from your app. Think about it as a sort of Stripe, but for bank transfers. The API currently covers 12 major French banks, which represent around 90% of retail bank accounts…
Read More
Nutanix execs discuss how they built their 2016 IPO roadshow deck
Bringing a startup from idea to IPO isn’t an easy task, but if you can build something successful, one major milestone is to go public. Before your Nasdaq debut, however, there’s a major step — building a deck and taking it on the road for investors. Cloud computing company Nutanix…
Read More