Rocket Internet, the German-based e-commerce startup incubator from the Samwer brothers, is today announcing another round of funding for its strategy to build out its footprint into emerging markets. Today it’s the turn of Middle-East-based fashion commerce site Namshi, which is getting $13 million from Summit Partners. This is the second time Summit, a Rocket regular, has invested in Namshi… → Read More
Talk to 500 Startups’ Dave McClure about what’s important for his seed fund and accelerator going forward and, it’s not just about finding and supporting whiz-bang entrepreneurs, it’s supporting entrepreneurial and ecosystem growth outside of the U.S. Many of the top accelerators in the U.S. have been working to expand their programs and networks at home and abroad before the accelerator bubble… → Read More
Earlier this year, young venture capital fund and startup accelerator 500 Startups announced some changes that indicated its intent to move beyond adolescence into adulthood, and expand its scope beyond the U.S. The firm raised a new, bigger fund, added new partners, and increase its focus on identifying and investing in talented international entrepreneurs.
Dave McClure and company have… → Read More
Over the last several months, the biggest Western social gaming companies have been making moves, and attracting attention as a result. Japanese gaming giant GREE bought Funzio for $210 million to help it move into Western markets, and Zynga grabbed Draw Something creator OMGPOP for $183 million. Meanwhile, European social gaming companies, like Sweden’s King.com and Germany’s wooga have been… → Read More
Endeavor– a non-profit that encourages high-impact entrepreneurship in the emerging world– likes to go to counties where people wouldn’t expect a lot of sophisticated high-growth entrepreneurship to be. Thirteen years ago when Endeavor started that was easy, just go outside Western Europe or the US. But today, entrepreneurship is exploding in places we wouldn’t have expected from Russia to… → Read More
Maybe it was sabotage? Hmmmmmm The International Telecommunications Union, a UN organization, has not ruled out sabotage as the cause of some of those undersea cable outages that plagued the Middle East a few weeks ago. The official explanation—that a ship’s anchor did the damage—apparently can only explain one outage. Essentially, the ITU doesn’t want to rule anything out… → Read More
[photopress:goneundersea.jpg,full,right] Not quite sharks with lasers attached to their heads. ’twas an abaonded anchor that cut all those Middle East undersea Internet cables. The 5.5 ton (!) anchor is owned by one of the companies (FLAG Telecom) whose cables were cut. No one knows exactly how the anchor cut the cables—have you seen how complicated those things are?—but FLAG is… → Read More
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