Listed below are some of the major news of the startup sector, take a look to stay updated:
Masayoshi Son, CEO, SoftBank plans to set up a Vision Fund 2.0
Masayoshi Son plans to set up a Vision Fund 2.0, a follow-up to the $100- billion corpus he had formed last year to make investments in technology startups across the globe.
The second Vision fund is expected to be the same size as the first one, people familiar with the matter told Bloomberg. SoftBank’s India investment from the first fund includes Flipkart, Ola, Snapdeal, InMobi and Paytm.
Elon Musk provides updates about his startup The Boring Company
Earlier this week, the chief executive officer of Tesla and SpaceX, Elon Musk, unveiled further plans for his startup, The Boring Company, that’s digging tunnels across the city to bypass traffic. The Loop, as Musk has named the transit network, will have all-electric pods that can carry up to 16 passengers at once. He expects that it could cut down travel time from anywhere in downtown LA to the LAX airport to within eight minutes.
His presentation focused on assuring people that the Boring Company’s plans would in no way exacerbate the city’s already-stressed highway systems of the city.
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NITI Aayog woos foreign venture capital funds to boost startups
With hopes of renewing funding for the Modi government’s Startup India scheme, the NITI Aayog have organised a three day symposium with venture capital funds in the capital.
The symposium, organised jointly by NITI Aayog along with Vision India Foundation, also seeks to deepen the economic relationships between France and India.
French investors are likely to interact with 100 early to mid-stage Indian startups over the course of the next two days. The inaugural session was attended by Indian and foreign venture capital funds. Amitabh Kant, CEO, NITI Aayog, along with Atul Chaturvedi, Additional Secretary, DIPP addressed the session.
H2 and Google for Entrepreneurs partner to support startup community across the globe
H2, the premier global leadership network for the technology industry, and Google for Entrepreneurs announced a new global partnership, bringing together the worldwide networks and resources for technology leaders. The partnership aims to connect and support technology leaders in innovation centres globally.
H2 also announced the launch of H2 Innovate, a new program that offers fast-growing startups scaling in large global markets access to advice, capital and connections across the H2 network. The program provides participating companies referred by H2’s partners curated and targeted access to industry leaders and domain experts from H2’s member community as well as connections to H2’s partner network.
H2’s global member community consists of technology leaders from leading startups and top global firms including 99, Amazon, Apple, Carousel, CMUNE, Dropbox, Facebook, Freshworks, Etsy, Gengo, Google, HelloFresh, Justfab, LinkedIn, Lyft, MyHeritage, PopXO, People Group, PropertyGuru, Qunar, Slack, Spotify, Strava, Twitter, Ubimo and Wego among others across leading innovations centers globally.
Today’s Take Away:
All of us have big dreams about ourselves, we want to be happy, successful and live that fairytale life. But we are scared that we might have stiff competition. So what should we do?
Chris Dixon, a personal investor, has an answer to this. He suggests,
“Get big quietly, so you don’t tip off potential competitors.”
