Share to Twitter Share to Linkedin Sergey Gribov is a Partner at Flint Capital , an early-stage venture fund that invests across Israel, USA and Europe. In 2021, American VC-backed companies raised $329.9 billion . This is a nearly 100% increase over the record-breaking $166.6 billion raised in 2020. On top of this, early-stage VC activity surpassed $80 billion for the first time, and annual exit values soared to more than $774 billion. This huge influx of funds led to skyrocketing startup valuations in 2021. However, as the end of the Covid-19 pandemic appears to be on the horizon, entrepreneurs and investors alike are wondering what the future holds. Can these sky-high valuations last? Is this investment frenzy sustainable, or should we brace for a crash? Fortunately, the answers to these questions paint a brighter picture than you might expect. How The Federal Reserve Influences The VC Market The U.S. Federal Reserve is … [Read more...] about Startup Valuations Now: Are We In A Bubble?
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Biden in Japan to launch regional economic plan to counter Beijing
US President Joe Biden shakes hands with Japanese Foreign Minister Yoshimasa Hayashi upon his arrival at Yokota U.S. Air Force Base in Fussa, on the outskirts of Tokyo, Japan on Sunday, May 22, 2022. (Photo by Kim Kyung-Hoon/Reuters) - A + A TOKYO/BEIJING/WASHINGTON (May 22): President Joe Biden arrived in Japan on Sunday to launch a plan for greater US economic engagement with the Indo-Pacific, facing criticism even before the programme is announced that it will offer scant benefit to countries in the region. On the second leg of his first Asia trip as president, Biden is to meet with leaders of Japan, India and Australia, the "Quad", another cornerstone of his strategy to push back against China's expanding influence. Biden meet with Japanese business leaders, including the president of Toyota Motor Corp 7203.T, at the ambassador's residence in Tokyo shortly after arriving, said a person familiar with the matter. On Monday, he is to call on Emperor Naruhito … [Read more...] about Biden in Japan to launch regional economic plan to counter Beijing
Indonesia’s fractured student movement losing power to effect change
JAKARTA, May 22 (Jakarta Post/ANN): Indonesia’s student movement is struggling to retain its role as an agent of change, as previously united fronts fragment and alliances with the governing elite are nurtured, not avoided. Over the past five years, a number of student demonstrations have been staged in protest of state policies deemed detrimental to the welfare of the people and to democracy. However, these protests have either been ignored by policymakers or have been met with state violence. During the 2019 #ReformasiDikorupsi (reform corrupted) protests in opposition to several controversial pieces of legislation, for instance, university students took to the streets in cities across the country alongside workers’ and farmers’ unions. The students opposed the electoral candidacy of former graft busters, as well as plans to revise the Corruption Eradication Commission (KPK) Law and the Mining Law. They also called for ongoing human rights abuse cases to be resolved and for … [Read more...] about Indonesia’s fractured student movement losing power to effect change
The New Virtual Economy Of The Metaverse
Share to Twitter Share to Linkedin Michel Kilzi is a serial entrepreneur, data intelligence expert with a vision to redefine the role of data as an asset. If there’s one thing that’s the talk of the town today, it’s the metaverse. A blend of virtual reality, augmented reality, sensorial tech and spatial computing, the metaverse promises to give us new experiences from our couches or cubicles. But the metaverse is not just some gaming space, sci-fi dream come true. Nor is it limited to tech companies—it is an entirely new economy. Even traditional firms, including restaurants like McDonald's and retailers like Nike , are preparing for the metaverse to become a space where you’ll be able to go shopping, play games, meet friends, attend concerts, work and generally build a virtual life. Since the metaverse is still in its infancy, there is no clear path to profitability for most businesses; everyone is scrambling to strike gold first. As we … [Read more...] about The New Virtual Economy Of The Metaverse
How several states are taking the lead on restoring overtime pay
This article is from Capital & Main , an award-winning publication that reports from California on economic, political, and social issues. After decades of decline in overtime pay, the Biden administration is considering action to sharply expand access in a time of high inflation. This is the fourth article of a four-part series examining the 40-year effort by big business and elected officials to deny Americans extra pay for extra work. advertisement advertisement With Americans struggling with inflation, workers’ advocates are banking on a White House that has promised to make millions more workers eligible for overtime wages that pay time and a half. Two presidents who made similar promises over the last 45 years failed to deliver, resulting in outdated federal overtime guidelines and underfunded labor enforcement. But during decades in which lawmakers and lobbyists cut away at overtime access, states like Washington and California … [Read more...] about How several states are taking the lead on restoring overtime pay
Chanel Unveils Renovated 18 Place Vendome In Paris
Share to Twitter Share to Linkedin “May my legend prosper and thrive. I wish it a long and happy life!” said Gabrielle Chanel; this is what we can read in ‘The Allure of Chanel’ written by Paul Morand in 1996. For sure, Gabrielle Chanel will forever be a legend. Wednesday May 18, 2022 was a big day for the house of CHANEL . After one year of renovation, CHANEL opened its iconic address 18 place Vendôme , exactly 90 years after the creation of “Bijoux de Diamants”, the only High Jewelry Creation collection created by Gabrielle Chanel in 1932. The spectacular three story building has been reinvented by Peter Marino for a second time. “It is definitely a unique and extraordinary boutique. There is no other boutique in the world like this” , said Frédéric Grangié, President of Chanel Watches and Jewelry on the day of the opening. “It is like a Venitian palace, it is simply sublime, there is no equivalent in the world” . The flagship at 18 … [Read more...] about Chanel Unveils Renovated 18 Place Vendome In Paris
Jokowi’s approval rating hits six-year low
JAKARTA (The Jakarta Post/Asia News Network): President Joko 'Jokowi' Widodo's approval rating has hit a six-year low amid dissatisfaction over soaring cooking oil prices and the perceived failure of an export ban to swiftly reduce the rising cost of goods, a new poll showed on Sunday (may 15). Figures released by Jakarta-based pollster Indikator Politik Indonesia showed that satisfaction with the nation's president, widely known by as Jokowi, fell to 58.1 per cent this May. The figures are the lowest rating since December 2015 when the president's approval slumped to 53 per cent. The decline, which follows a 12-point drop from January to April this year, comes as Indonesia has struggled to reign in domestic cooking oil prices, a household staple in Indonesia, and after a shock decision to ban palm oil exports late last month. Indonesia is the world's largest producer of palm oil and the policy decision stunned global markets. At the time president Jokowi said the need for … [Read more...] about Jokowi’s approval rating hits six-year low