see also .. In 2016 the human race spends 1000 times more money and time on Learning Commns Tech. We invite you to vote for the the most productive Youth Economies (more) linking in 3 billion new jobs that were impossible to co-create in times when distance caused communications to be expensive and the idea of an app being mobilised any time any place by anyone sounded like science fiction. see also microfranchise & health as pivotal youth economy

Let's begin with the most exciting girls empowerment economy: its human epicentre is Sir Fazle Abed in Bangladesh of the world's largest and most collaborative NGO known by hundreds of partners and millions whose education calling is girls empowerment as pre-digital BRAC and post-digital BKASH -currently the world's largest cashless economy co-created by and for girls faced with poverty's and sustainability most extreme challenges. Starting the search for how to value this youth economy was to be the last project of The Economist's Norman Macrae whose work (more) on the Entrepreneurial Revolution of millennials 3 billion new jobs began with this (Keynsian inspired - more) future history in 1972. RSVP or to start linking in text Norman's family in wsshington DC at USA 240 316 8157
next education open space new york 1 to 12 march 2016 - previous MIT 25 to 29 january - queries on linking in - or text usa 240 316 8157 Freeing 3rd grade teachers to ask parents & communities: do you live in a sustainable economy?

Tuesday, July 23, 2019

Masa Son Softbank aug 2019

SoftBank Might Lead A Fresh $100 Mn Funding Round In Snapdeal

Smaller Chinese and American investors are also expected to participate in the round
Snapdeal has recently reported to have grown its consolidated revenues by 73% YoY
Last month, Anand Piramal has invested an undisclosed amount in Snapdeal
Japanese conglomerate SoftBank is reportedly in talks with Snapdeal to invest another $100 Mn in the ecommerce unicorn. In India, SoftBank has also invested into two other ecommerce majors Paytm Mall and Flipkart. 
According to a media report which cited sources close to the development, a group of small Chinese and American investors are also interested in participating in the company’s funding round. 
“SoftBank will invest half, or up to $60 Mn in this funding round and the remaining will be given by other smaller investors,” the report added. 
Recently in July, the Gurugram-based company has raised an undisclosed amount of funding from executive director of Piramal Group, Anand Piramal, who had invested in the startup in his personal capacity. 
Led by Kunal Bahl and Rohit Bansal, Snapdeal is reported to have grown its consolidated revenues by 73% YoY to INR 925.3 Cr in 2018-19 as compared to INR 535.9 in 2017-18. 
At the same time, Snapdeal also managed to reduce its loss by 71% to INR 186 Cr in FY19 from INR 611 Cr reported in FY18. Revenue from operations for Snapdeal (standalone) grew by 87% YoY from INR 436.1 Cr in FY18 to INR 813.8 Cr in FY19.
In June 2018, founders shared that the company has been cash flow positive in June 2018 which means that the company is now earning money from its business. In the same year, Snapdeal also converted preference shares of all its stakeholders, including SoftBank and Nexus Venture Partners, into equity shares. 
Prior to this in 2017, Snapdeal had undergone a massive downturn after a SoftBank-orchestrated merger with Flipkart failed, which then led to offloading of multiple company verticals such as Freecharge and Unicommerce. Snapdeal cofounder Kunal Bahl had earlier said in a blog post, “The FreeCharge sale was an important part of Snapdeal 2.0 and without that capital, our survival as a company would have been at risk.” 
Also, earlier this month, the Delhi High Court has restrained Snapdeal from selling counterfeit Titan products. Titan alleged that sellers were posting counterfeit/infringing FASTRACK watches on Snapdeal and further that Snapdeal had also not taken down the various listings despite being notified by Titan. Prior to this, Casio has also alleged Snapdeal of selling counterfeit products.
SoftBank has recently announced the $108 Bn Vision Fund II, with commitments from tech majors such as Microsoft and Apple, along with banks like the National Bank of Kazakhstan, and Standard Chartered Bank.
Vision Fund is a technology focussed fund launched by SoftBank in 2017, with an initial corpus of $100Bn. Out of which, the company has invested around $10 Bn so far in Indian startups. SoftBank’s other key investments in India include OlaOYOHikePaytmFirstCryGrofersDelhiveryAutomation Anywhere, and Paytm Mall
SoftBank Group’s earnings before interest and taxes (EBITDA) were reported to have crossed over $18.5 Bn (2 Tn JPY) in FY18. Son had attributed this growth to its tech-centric investment corpus SoftBank Vision Fund I.
Masayoshi Son had then projected that the firm’s portfolio could potentially grow 33-times to reach a $1.8 Tn (200 Tn JPY) valuation in the next two decades.

Thursday, June 20, 2019

Ren Zhengfei Huawei

Great june update on huawei

16 min read
—Vincent Bergsma, TechNode Squared member
In Huawei’s early days, we were a hardware company, and the software was created to manage and control the hardware. Today, in 2019, the hardware is becoming commoditized, and the intelligence is embedded in the software. Huawei’s activities range from the chip sets, through to the device (e.g., smartphone, laptop, wearable, or connectivity device installed in a car), through to the base station, to the core transmission network. Huawei’s range of activity is broader than any of our competitors. Ericsson and Nokia, for example, are in the network space, not so much in the device space. Apple is in the device space, not so much in the network space.
—Joe Kelly
The fact that Huawei is engaged in all four areas on this value chain explains much of their path to success. The nature of the telecoms industry is one that heavily favors scale, and dominance in one area allows firms like Huawei to invest or subsidize other areas of business, which can create a snowball effect.

Side note: A former postal worker from Ireland who dropped out of school at 15 years old and now finds himself at the center of a global technological and political conflict, Kelly himself is perhaps as interesting as the company he represents. The Beijing Bookworm’s Peter Goff wrote a profile on him in The Irish Times that is very worth reading.