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uri: /topics/capital-flows/most-funding-dollars-flow-into-a-few-tech-hubs agent: undefined name: The State of Southeast Asia Tech 2018 description: The State of Southeast Asia Tech 2018
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Venture capital firm Andreessen Horowitz is changing up its fundraising strategy, moving away from multi-stage, multi-sector flagship vehicles, Axios has learned from multiple sources.
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Health4TheWorld, a Silicon Valley start-up providing education and technology solutions for resource-poor communities worldwide, has been named the 2018 Stevie Silver Award Winner by the American Business Awards for the category of Services.
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Mammoth isn’t not the first startup to pitch itself as reinventing entertainment for smartphones, but for the most part, that message has come from gaming companies. Co-founder and CEO Benoit Vatere said he wanted to take the mobile-centric approach beyond gaming and social media.
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Google has announced the startups that will join the latest edition of its Launchpad accelerator program, with 10 of the 24 new entrants hailing from Asia. This latest intake represents the accelerator’s fifth batch, and includes the first Bangladeshi and Pakistani startups to be selected.
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Fundraising from tech-related initial public offerings in the city, led by ZhongAn Online P&C Insurance Co., has hit a record $4.2 billion this year, according to data compiled by Bloomberg. That’s more than five times the amount raised in Hong Kong during the global dot-com boom in 2000.
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The Philippines has hit a huge milestone: it just got its first unicorn startup. Revolution Precrafted, a developer of prefabricated designer homes, has raised its series B round co-led by Singapore’s K2 VC, valuing the company at over US$1 billion, according to two sources familiar with the deal.
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Equity can be one of the most important assets for startups. Because of it’s potential upside, equity can help startups attract key talent and capital that otherwise might be drawn to more established companies capable of offering greater salaries and/or more predictable returns.
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The US market for tech IPOs has totally frozen over. Zero Internet or tech companies went public on US exchanges in the first quarter of 2016. The last time that happened was in the first quarter of 2009, during the depths of the Great Recession, according to data from Dealogic.
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When the country calls, you step up. That’s what Razer CEO Min-Liang Tan must have thought when Singapore’s Prime Minister Lee Hsien Loong posted on Twitter about the need for a unified payments system for Singapore.
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