Are Americans working hard enough? That's what Mike Moritz, a top partner at Sequoia Capital, pondered in an op-ed published on Wednesday in the Financial Times. The Silicon Valley investor compared American and Chinese tech cultures, criticizing western employees' push for things like paternity leave and work-life balance.
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Companies are working on everything from apple-picking robots to wearable technology that helps farmers grow produce more efficiently, and meet the demands of a rapidly-increasing global population. According to the UN, the world's population is approximately 7.3 billion people - and that number is expected to skyrocket to 9.7 billion by 2050.
The most challenging obstacle every new company must face in its life cycle: managing its spending to create a consistent, growing generation of revenue. At each level of a start-up's life, from growth and development to each Series of VC funding and final maturity, new companies face a unique set of financial and personnel challenges.
Diana Hall, founder and owner of ActivArmor, knew she had a good idea for a new product - a 3D-printed, open-weave cast that would be more durable, cleaner and easier to manage than a traditional cast. "I had some help with the stepping stones I needed to get started in business," Hall said, "but there were so many gaps.
Langen Mcalenn increased their FY2018 EPS estimates for shares of Unum Group in a report issued on Tuesday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the financial services provider will earn $5.30 per share for the year, up from their previous forecast of $4.50.
Defi SOLUTIONS said it raised $55 million of Series C financing in a round from Bain Capital Ventures. The deal included both direct and secondary transactions.
MIPS, provider of the eponymous processor architecture and IP cores, is once again in Silicon Valley, following the acquisition of MIPS from Imagination Technologies by Tallwood Venture Capital and Paxion Capital Partners. Tallwood's managing director, Dado Banatao and Nicholas Brathwaite, founding partner of Riverwood Capital and WRV Capital, will represent Paxion on the board of directors.
'We're not going to follow the hype': Biotech VCs are concerned by the staggering size of early-stage startup funding Money is flowing into biotech startups, with companies more and more frequently raising more than $100 million in early-stage funding rounds. Some were excited for the science, while concerned about the expectations that come along with this greater funding, while others are finding ways to look past the hype.