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As the Start-Up Boom Deflates, Tech Is Humbled
Feb. 24, 2020 | The New York Times | By Erin Griffith.

Layoffs. Shutdowns. Uncertainty. After a decade of prosperity, many hot young companies are facing a reckoning.
cannabis  cost-cutting  economic_downturn  investors  layoffs  pullbacks  scale_downs  skepticism  shutting_down  SoftBank  start_ups  unicorns  vc  venture_capital 
6 weeks ago by jerryking
What Will a Recession Do to Venture Capital? | Real Vision
The Interview · Featuring Josh Wolfe and Raoul Pal
Published on: July 24th, 2019 • Duration: 35 minutes

Josh Wolfe, co-founder of Lux Capital, sits down with Raoul Pal to examine the indicators that are warning that the economic cycle is reaching an inflection point. Wolfe and Pal discuss the idea that inflated valuations in venture capital are being caused by the incremental buyer's desperate search for growth. Wolfe warns that if the cycle indeed turns, a liquidity crisis could emerge. Filmed on July 9, 2019 in New York.
economic_downturn  indicators  inflection_points  recessions  Softbank  start_ups  valuations  vc  venture_capital  warning_signs 
december 2019 by jerryking
SoftBank’s House of Cards Begins to Fold -
John Engle
Articles (423) 
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SoftBank’s House of Cards Begins to Fold
The Vision Fund's ambitious startup portfolio is colliding with harsh financial reality
October 09, 2019
Softbank  start_ups 
november 2019 by jerryking
SoftBank: inside the ‘Wild West’ $100bn fund shaking up the tech world | Financial Times
Arash Massoudi in London and Kana Inagaki and Leo Lewis in Tokyo YESTERDAY Print this page67
In the summer of 2014, SoftBank founder Masayoshi Son
Masayoshi_Son  moguls  Softbank  venture_capital  vc 
june 2018 by jerryking
Google Fosters South Korean Startups -
Jonathan Cheng
Updated Nov. 17, 2013

Google has done work with entrepreneurs in other countries, but says that its effort in South Korea is the product of a realization that Google executives made about two years ago: Many of the most popular games on its global mobile-app store were ones that had been developed by Korean companies.

As the company sought out innovative startups in South Korea, however, it found that many of the most promising companies were, like Classting, built around the country's rigorous educational system.

Mr. Cho, the 28-year-old former teacher, first cooked up the idea for Classting—a social-media network for the classroom that allows teachers to interact with students and their parents—after trying to first engage his students through Facebook and Twitter.

Mr. Cho found that students weren't willing to open up their social-media profiles to their teachers and parents, or that schools wanted to ban smartphones outright in the classroom.

So Mr. Cho and his co-founder, a high-school friend and programmer, developed an app they thought could fill that need. They spent two years working on the app, which they named Classting—a portmanteau of "class" and "meeting"—while working their day jobs.

Thanks to its success in startup contests funded mainly by the South Korean government, Mr. Cho and his staff have been able to give up their day jobs. And in June, Classting brought in SoftBank Ventures—its first outside investor—as the app gained traction in its home market. Classting is now being used at about 6,000 of the country's 11,000 schools, Mr. Cho said.

Classting has expanded to 13 employees and moved into a three-story, penthouse-style office in an alley off Seoul's fashionable Garosu-gil shopping district, where several South Korean startups are clustered. Classting is now putting the finishing touches on a Japanese version of the app, which it plans to roll out next year.
Google  South_Korea  South_Korean  Classting  education  SoftBank  social_media  start_ups  Silicon_Valley  venture_capital  vc 
november 2013 by jerryking

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