Tag: Venture

OnePlus co-founder reportedly leaving phone maker for own venture

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OnePlus co-founder Carl Pei


Josh Miller/CNET

The co-founder of Chinese smartphone maker OnePlus has seemingly left the company, according to a report Monday. Carl Pei was absent from an internal memo listing OnePlus’ leadership, Android Police reported citing a screenshot by a Reddit user who suggested that Pei had either stepped down or was removed from the position.

The reported departure comes just ahead of the OnePlus 8T event, which is scheduled for Wednesday. Pei’s is departing OnePlus to start his own venture, according to TechCrunch, although no details about that venture were immediately available.

OnePlus didn’t immediately respond to a request for comment.

In 2019, OnePlus ranked eighth in the US market with just 0.6% market share, according to Counterpoint Research, but its phone sales more than tripled last year

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Venture Funders Flock to Religious Apps as Churches Go Online

(Bloomberg) —

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Covid-19 has upended the traditional Sunday service, taking sermons from the pulpit to the screen. It’s sparking a long overdue digital awakening for churches across the country and investors are taking notice.

The pandemic has given more people a reason to seek solace in God and faith-based communities at the same time that houses of worship were forced to close their doors. Pastors have resorted to streaming on YouTube or Facebook Live in a bid to keep congregations engaged. Membership in spiritual apps has surged. The top Christian meditation apps raked in 2.3 million downloads in the U.S. from March to August, up 325% from the same period a year earlier, according to mobile data and analytics company App Annie.

Traditionally secular venture capitalists have largely shied away from religion. In Silicon Valley, “no one wanted to touch religion five years ago” says Peter Pham, co-founder

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New Orleans Saints’ Malcolm Jenkins starts venture capital fund with NFL players

Malcolm Jenkins has teamed with fellow NFL players to launch a venture capital fund.

The three-time Pro Bowl safety and two-time Super Bowl champion launched Broad Street Ventures on Wednesday. The fund focuses on late stage and growth stage technology and consumer products. It has already invested in Airbnb, Epic Games, Turo, NoBull, Automattic and ZenWtr.

Jenkins, a strong advocate for racial equality, hopes his newest business introduces more Black men and women to the venture capital world.

Jenkins and co-founder Ralonda Johnson recruited additional NFL players and industry leaders to represent the fund. Among them are defensive backs Devin McCourty and Jason McCourty of the New England Patriots, safety Rodney McLeod of the Philadelphia Eagles and free-agent wide receiver Jordan Matthews. Jenkins played with McLeod and Matthews in Philadelphia. Also, television broadcaster Sharrie Williams is part of the fund.

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“While less than 1% of American venture capital

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Malcolm Jenkins starts venture capital fund with NFL players

AP
Published 6:13 p.m. ET Oct. 7, 2020 | Updated 7:36 p.m. ET Oct. 7, 2020

Malcolm Jenkins has teamed with fellow NFL players to launch a venture capital fund.

The three-time Pro Bowl safety and two-time Super Bowl champion launched Broad Street Ventures on Wednesday. The fund focuses on late stage and growth stage technology and consumer products. It has already invested in Airbnb, Epic Games, Turo, NoBull, Automattic and ZenWtr.

Jenkins, a strong advocate for racial equality, hopes his newest business introduces more Black men and women to the venture capital world.

Jenkins and co-founder Ralonda Johnson recruited additional NFL players and industry leaders to represent the fund. Among them are defensive backs Devin and Jason McCourty of the New England Patriots, safety Rodney McLeod of the Philadelphia Eagles and free agent wide receiver Jordan Matthews. Jenkins played with McLeod and Matthews in Philadelphia. Also, television broadcaster Sharrie

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Edtech Startup Winuall Raises INR 14.7 Cr From Prime Venture Partners and BEENEXT

The company said it will use the fresh capital to enhance product capabilities and hire across technology, product, AI and business development teams

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Education technology company Winuall on Wednesday said it has raised INR 14.7 crore funding from Prime Venture Partners, BEENEXT, Ramakant Sharma, founder of LivSpace along with a clutch of angel investors.

Founded in 2019 by Ashwini Purohit and Saurabh Vyas, Winuall ties up with small and medium coaching centres to help them digitise the learning experience for their students with online study material, assessments and live classes.

It achieves this by offering institutes and tutors a software-as-a-service (SaaS) plug and play platform on a subscription model. The company provides tutors and institutes tools like class scheduling, batch

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4 Tests For Launching A Venture In The Pandemic

Times of rapid and dramatic change can shift the tectonic plates of opportunity. The current pandemic is such a time — meaning that leaders should looking for suddenly-surfaced opportunities around which to  build a new business.

How can you decide which of these new opportunities is the right one for you? I offer students In my Foundations of Entrepreneurial Management course at Babson College a way to think about this question. The most important principle to keep in mind is that most startup ideas people pitch to me don’t work because the founders are trying to solve the wrong problem.

Here are the four tests potential founders should apply to make sure their new venture idea is solving the right problem:

1. Compelling evidence of ‘customer pain.’

I have interviewed hundreds of company founders over the last 10 years and I’ve found that the most common reason they started their

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Offset Wants To Help Artists Thrive Using Tech With Latest Venture

(AllHipHop News) 

Offset is working with bosses at gaming and events company Axis Replay to develop new ways for artists to connect with fans.

As the COVID-19 pandemic continues, live shows remain off the cards, with acts heading online for livestream concerts to keep fans entertained during the crisis.

The format has become the new normal for stars and their followers worldwide and, speaking to Forbes, Offset, real name Kiari Kendrell Cephus, insists he’s determined to push the concept to the next level with his latest venture.

“Fans and artists have been very patient during this long break,” he explained. “As we are all figuring out ways to get back into a normal way of life, we deserve to experience those great live moments we love.

“Music is a universal language. It allows us to connect with one another on a happier level. Right now, we can all use

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Dr. Sabah al-Binali Joins OurCrowd as UAE-Based Venture Partner & Head of Gulf Region

Israel’s most active venture investor to increase tech investment and deal flow in the region

OurCrowd, the world’s largest global venture investing platform and Israel’s most active venture investor, today announced the appointment of Dr. Sabah al-Binali as UAE-based venture partner and head of the Gulf region.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201005005723/en/

Dr. Sabah al-Binali, Emirati investor and seasoned executive, has been appointed as UAE-based venture partner and head of the Gulf region for Jerusalem-based OurCrowd. (Photo: OurCrowd)

Dr. al-Binali will oversee the development of OurCrowd’s business in the region. OurCrowd plans to meet the growing demand for meaningful ties with Israel expressed by the investment and entrepreneurial communities in the UAE and neighboring states following the signing of the Abraham Accords.

Dr. al-Binali is a seasoned financial services executive with 22 years of experience in investments and an entrepreneurial leader with a

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Macquarie, Siemens units create U.S. distributed energy joint venture



a close up of a building: The headquarters of Siemens AG is seen in Munich


© Reuters/MICHAEL DALDER
The headquarters of Siemens AG is seen in Munich


NEW YORK (Reuters) – Units of Macquarie Group and Siemens AG are forming a venture named Calibrant Energy, that will invest in the emerging energy-as-a-service (EaaS) sector in the United States, according to a joint statement on Monday.

Electricity generation is forecast to increasingly move away from traditional structures involving large fossil fuel-burning power plants, towards localized systems using renewable energy and battery storage, known as distributed energy.

For entities embracing this model, they can choose to ‘outsource’ their power systems to a specialist entity, in the same way firms hire technology platforms rather than develop their own systems – so-called software-as-a-service (SaaS).

Video: Mission Produce CEO on IPO, Possible Push Into Mango and Sustainability (TheStreet)

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Set up by Macquarie’s Green Investment

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U.S. tech venture investing gets a boost from pandemic

By Jane Lanhee Lee

OAKLAND, Calif (Reuters) – Brian Bell, chief executive of Split Software, was in a meeting pitching investors when California announced the shelter-in-place policy to prevent the spread of the coronavirus in March. In the days that followed all of his meetings were delayed or canceled as venture capital investments froze.

But since then things haven’t just thawed, they are boiling over. According to previously unreleased data from PitchBook, in the first nine months of 2020, U.S. venture capital firms invested $88.1 billion in tech startups, up from $82.3 billion in the first nine months of 2019. Tech investments represented 78% of venture capital investments last year and 74% in 2018.

Venture capitalists say $3 trillion in stimulus funding has investors looking to put cash to work, and top venture capital firms continue to launch massive funds. Greylock Partners, an early investor in Airbnb, started raising money

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