News Technology

Huawei CEO Hopes For ‘Open Policy’ From Biden Administration

Mabel R. Acton 2 months ago

The CEO and founder of Chinese telecom giant Huawei called Tuesday for an open approach from new US President Joe Biden, after the firm was battered by sanctions imposed by Donald Trump’s administration.

Ren Zhengfei said his “confidence in Huawei’s ability to survive has grown” despite its travails across much of the western world where it is maligned as a potential security threat.

After saying the firm’s “production capacity can be expanded”, he implored the Biden White House to change tack on the company.

“We hope the new US administration would have an open policy for the benefit of American

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Eight-Second Videos Gave DCM A $12 Bln Return In China Last Week. What’s The Silicon Valley VC Eyeing Next?

Mabel R. Acton 2 months ago

Hurst Lin was working in tiny Newport, Vermont (population 4,200) as an engineer fresh out of Dartmouth after being sent there by northeastern U.S. phone company Nynex to fill in during a strike in the 1989. “I walked into town and everyone was saying, ‘Obviously, this guy is a scab; there are no Chinese people here,’” he recalled with a smile. Less than 2% of Vermont’s population is Asian even today.  Looking to meet others, Lin regularly headed off in another unlikely direction for a native

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Nexthink Reaches $1.1 Billion Valuation with $180M in Series D Financing Round, Names Former Adobe CEO to its Board of Directors

Mabel R. Acton 2 months ago

LAUSANNE, Switzerland & BOSTON–(BUSINESS WIRE)–Feb 8, 2021–

Nexthink, the leader in digital employee experience (DEX) management software, today announced a $180 million Series D financing round reaching a valuation of $1.1 billion. Permira, through its Growth Opportunities Fund, led the round alongside existing investors including Highland Europe and Index Ventures. In addition to the investment, the company has announced that Bruce Chizen, former CEO of Adobe and senior advisor at Permira, will join its board of directors. The latest round will be used to accelerate Nexthink’s innovation, rapid growth and expansion, particularly in the US.

“The rise in

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CEO Gender ‘Primary Determining Factor’ To Get Funded: 48,000-Company Study

Mabel R. Acton 2 months ago

Updated Feb 9 with quotes from Laura Lenz, partner at OMERS Ventures

Want to do a startup? Better be a man.

According to a Santa Clara University study of 48,000 companies on Crunchbase, a startup-focused business directory, having a Y chromosome is “the primary determining factor for attaining funding.” Being a man, in other words, is more important for startup funding than attending a top university or even having prior startup exits. Plus, contrary to expectations that gender equality is getting closer and closer, funding for female founders — which was already bad — is getting worse.

Almost incredibly

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