For the big players at least, Venture Capital is no longer just a vehicle to support entrepreneurs and ideas, but a means to guide and influence a global market. I did a deep-dive of VCs through the lens of the transportation landscape, and how it can drive the habits and characteristics of other industries in the future.
The State of Ride-sharing:
Let’s talk about Softbank for a moment, and how powerful they’ve become - here are the major two ride-share players to-date, and how much capital they’ve accumulated:
China, with its multitude of tech decacorns, is catching up as a global economic powerhouse. It was hard to say that decades ago, let alone 2010 post the ’08 financial crisis when the world was launched into global turmoil. But as noted in the latest KPCB Internet Trends report, the Asian giant has 9 of 20 biggest internet companies in the world (by market cap) v. five years ago when they had 2.
But the more exciting news is the state of these decacorns today, and how they will affect the years to come..
TL;DR: this year is an indicator of continued strength in the tech and venture capital world.
I did a teardown of the world’s top 100 VCs named in this year’s Forbes’s Midas List (Midas: the king who turned anything he touched into gold), which was posted last week. Here’s what I found:
I'm an Investor @ Obvious Ventures (obvious.com). Previously, I was a Product Manager @ Dropbox, Uber and FiscalNote, & studied CS at Stanford. I also write on Medium.
Ping me daniel@ obviousventures.com, or follow @dcliem / AngelList– let's chat.