MOUNTAIN VIEW, California — For an entrepreneur watching Brexit from California, it’s hard not to notice a familiar pattern. In Silicon Valley, startups famously follow the so-called Transition Curve, cycling from “uniformed optimism” to “informed pessimism,” followed by a “crisis of meaning,” and then, almost inevitably: “crash and burn.” After growing up in a small Scottish town, then getting my start with semiconductors in the Netherlands, I have lived in Silicon Valley for nearly 25 years. What I’m seeing in my homeland looks like nothing more than the emotional rollercoaster that most entrepreneurs experience while trying to realize their vision of a startup. The question, of course, for the United Kingdom is simple. Will Brexit end up like so many Silicon Valley dreams, in disappointment and failure? Or does it have a chance of reaching the elusive alternate ending: “informed optimism,” a pivot to … [Read more...] about Move fast and break things: How Brexit is like Silicon Valley
Silicon valley startups
Silicon Valley startup Juul Labs Inc. will begin selling its e-cigarettes in the U.K. this week seeking to replicate its runaway U.S. success -- though with a smaller nicotine hit.A Juul starter kit -- including the device, a battery charger and four liquid pods -- will be available to buy online and in 250 vape stores in the U.K. this week. The company is funding international expansion with a capital increase that’s expected to reach $1.2 billion, which would value the startup at $15 billion.“There are 7.5 million adult smokers in the U.K. and they aren’t well served by the e-cigarettes that are out there,” Juul U.K. managing director Dan Thomson said Monday in an interview. “This is a huge opportunity for us.”Juul has grabbed 68 percent of the U.S. e-cigarette market in just three years, according to the Nielsen research firm. The device’s rapid rise has convinced some investors that big tobacco is increasingly vulnerable as smokers ditch … [Read more...] about $15 Billion Silicon Valley Upstart Takes on Big Tobacco in U.K.
This year’s Techsylvania Startup Avalanche brought 15 startups from 13 countries to Cluj, Romania, to pitch to investors and compete for a curated trip to Silicon Valley, to meet with more potential investors, partners, clients, mentors, and more. The competition was organised by Techsylvania in partnership with Risky Business, a Cluj-based accelerator fund. Troop Travel from Spain was the winning startup, with a strategic platform for finding the best meeting locations for globally distributed teams, optimizing cost, time, and experience. This year, a surprise prize of a table at Techcrunch Disrupt was also offered. The 15 startups, selected from more than 280 applicants, included solutions targeted towards diverse industries, including AI, drones, horeca, agriculture, HR, travel, IoT, medtech, and more. More than 40 investors from the region and world joined, including angel local investors like Calin Fusu, Sergiu Biris, and Voicu Oprean; international angel investors; and … [Read more...] about Troop Travel from Spain wins Techsylvania’s Startup Avalanche, goes to Silicon Valley to meet potential investors and clients
Kumul Game Changers (KGC), the Pacific’s leading entrepreneurship programme, has yielded another high potential local entrepreneur for leading international startup programme, Draper University Heroes program, in Silicon Valley in America. Papua New Guinean David Eri, 34 year old Gulf lad from the Kumul GameChangers 2017 cohort departs PNG for Draper University San Mateo- Silicon Valley in the United States on Friday 15th, June 2018. His participation was made possible through generous financial support of his primary sponsor, Oil Search Limited, and the endorsement of the Kumul Foundation Inc. Eri was selected from the 40 participants from PNG and the Pacific who were selected into the Kumul GameChangers 2017 programme. Eri, who is currently employed by Oil Search Ltd as the Emergency Services Coordinator said that his participation in the KGC 2017 programme was an experience that boosted his confidence as an individual to interact and learn from other … [Read more...] about Third Kumul GameChanger leaves for Silicon Valley
You most likely haven't heard of Domo Inc., but the Utah-based software startup has received a healthy amount of attention in Silicon Valley largely because it has a charismatic founder who made tech investors (and himself) rich once before.You should know Domo, though, because it has emerged as the poster child for what can go wrong when startup founders have too much power and not enough guardrails. Domo on Friday filed for an initial public offering, which is usually a celebratory milestone for a young company. It's not for Domo. The company warned in the IPO filing that it must go public or find other sources of cash by August, or else it must start slashing costs. Josh James, the founder and CEO, has 40 times the voting power of other stockholders, which is notably high even by the standards of founder-empowered tech companies. And as a kicker, James has found several ways to use the company as a personal piggy bank. It’s a mess. I have no … [Read more...] about Here’s the Poster Child for Silicon Valley Excess