Cameron Poetzscher gives his list of the top three fintech companies in Asia. Topping his list is Filipino fintech Coins.ph. This company is capitalizing on blockchain technology, one of the most disruptive technologies of our day. Utilizing bitcoin and blockchain, Coins.ph has created an innovated digital wallet platform. Second on the list is Dianrong, located in Shanghai. Dianrong is innovating the trending peer-to-peer lending marketplace. It has succeeded in capturing a significant untapped consumer base, taking advantage of a lending market ignored by banks. Third on the list is TookiTaki, Singapore’s leading data analytics company. Expanding beyond its founding purpose, TookiTaki is using machine learning to provide clients with cutting-edge marketing forecasting models.
4 Ways to Bounce Back From a Startup Failure -- Even When the Outlook Looks Grim
Bill Gates is quoted as saying, “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”
In the article, “Four Ways to Bounce Back from a Startup Failure,” author Toby Nwazor shares important tips for founders based on research and the experience of some of the leading entrepreneurs in the world. The four tenants for how to deal with failure seem straightforward:
Being at the top of your corporate game is a challenge, and balancing your career and family life requires a special strategy. But cultivating a relationship with someone who is also a corporate giant can be particularly daunting. This BrooWaha article focuses on five power couples who have healthy marriages, happy families and thriving careers.Lisa and Brian Sugar, founders of PopSugar, for example, decided to blend work and family life instead of balancing between them.
Selfgrowth.com featured five Australians who have overcome the challenges of being in a foreign environment to become hugely successful in the US. At the head of the list, naturally, is media tycoon Rupert Murdoch. He began with a few newspapers in his home country and New Zealand and then hit the road, first conquering the UK and then capturing the American media market.
Investment Banks Forego $60 Million in Didi Chuxing and Uber Technology Deal
The China Business Unit at Uber Technologies Inc. was recently acquired by the Chinese firm, Didi Chuxing. This deal was valued at $35 billion and was brokered without the use of investment banks, saving both sides circa $60 million in fees.
Technology companies across China have shunned external advisers when making investments and acquisitions of foreign corporations. While tech mergers and acquisitions in China increased by 100% in 2015, to approximately $68 billion, fee volumes increased by just 60%. Chinese firms typically avoid paying for financial consultation, and they are more likely to use in-house advisers -- based on the widespread perception that the costs of seeking external advice far outweigh the benefits.
However, bankers based in Asia discreetly acknowledge that their M&A business operations are hampered by the use of in-house advisers. There is an increasing drive towards closer collaboration with technology entrepreneurs in China. The fees are generated by companies that offer banking services such as FX and cash management, and this is important when IPOs are announced.
Former Goldman Sachs vice president, Cameron Poetzscher, is among an elite group of high-profile executives leading Uber Industries Inc. towards an IPO.
Uber, Cameron Poetzscher, IPO, Gautam Gupta, Ian Kleinfeld, venture capital, technology IPO,
Uber Technologies Inc. has assembled one of the most competent management teams in the history of corporations, with investment bank Goldman Sachs providing the human capital. As the much-awaited IPO approaches on Wall Street, Uber Technologies Inc. is readying for the challenge. Many mid-level bankers are now on board with Uber. These employees are at least 3-4 years beyond their Master of Business Administration (MBA), and many of these Uber employees are vice presidential material.
Uber Technologies is expected to hit the elite $10 billion club in 2016 as a massive investment haul comes in.
Cameron Poetzscher is spearheading corporate development at the company.
Uber Expected to Top $10 Billion Valuation
A new entrant to the $10 billion club of companies could soon hit the markets. Uber Technologies Inc. of San Francisco is currently negotiating another round of financing that could push the company’s valuation over $10 billion. This information was recently made public. If it happens, the company will see a threefold increase in its current value of $3.5 billion. In 2015, the company generated $258 million over several rounds of financing