ceo

  • Nigeria’s Black Friday sales test the e-commerce models of startups Jumia and Konga Crunch Network

    Nigeria’s Black Friday sales test the e-commerce models of startups Jumia and Konga

    Africa’s two leading e-commerce startups, Jumia and Konga, topped their 2015 Black Friday merchandise sales in Nigeria—even as the country weathers currency volatility and recession. The shopping spree of the continent’s most populous nation has become a de facto test event for each venture’s business model. Collectively backed by over $400 million in VC funding, both… Read More

  • Crunch Report | Tesla and SolarCity-powered Island

    Tesla and SolarCity power an island in American Samoa, after skipping last year Apple holds its Black Friday sale, robots will be helping with shopping at Westfield malls in San Francisco, Michigan doubles down on autonomous cars and Munchery gets a new CEO. All this on Crunch Report. Read More

  • Crunch Report | Tesla Acquisition of SolarCity Approved

    LinkedIn now blocked in Russia, Tesla acquisition of SolarCity is approved, SpaceX wants to bring internet access to everyone, AOL lays off 7 percent of workforce, Zesty replaces CEO and restructures. All this on Crunch Report. Read More

  • What we learned about Elon Musk’s Mars plan in his Reddit AMA

    What we learned about Elon Musk’s Mars plan in his Reddit AMA

    Elon Musk, founder and CEO of SpaceX, hosted a Reddit “Ask Me Anything” this afternoon. He noted that the AMA should focus on SpaceX’s plans for Mars, which Musk revealed during the International Astronautical Congress last month. This will be under /r/spacex, not the general AMA. Meant to be supplemental to the IAC talk. — Elon Musk (@elonmusk) October 23… Read More

  • Mark Zuckerberg’s Africa tour tracks tech’s growing interests on the continent Crunch Network

    Mark Zuckerberg’s Africa tour tracks tech’s growing interests on the continent

    After a surprise Nigeria visit to meet with techies in Lagos, Mark Zuckerberg took his Africa tour to Kenya this Thursday. There, the Facebook CEO visited the iHub innovation space, reviewed the BRCK mobile Wi-Fi device, had lunch with Kenyan ICT Cabinet Secretary Joseph Mucheru and met with tech leaders Juliana Rotich and Erik Hersman. Like the Lagos expedition, the trip was unannounced. Read More

  • Mark Zuckerberg meets with African tech leaders on Nigerian tour Crunch Network

    Mark Zuckerberg meets with African tech leaders on Nigerian tour

    Facebook CEO Mark Zuckerberg is in Nigeria. News of his unannounced trip broke Tuesday with social media photos of him visiting the Co-Creation Hub (Cchub) innovation center in Lagos. Zuckerberg then dropped in at Andela, a software developer accelerator, in which he and his wife’s foundation invested $24million earlier this year. It seems Zuckerberg travels a bit like the… Read More

  • Salesforce acquires MetaMind

    Salesforce acquires MetaMind

    MetaMind, a Palo Alto-based AI startup founded in July 2014, is being acquired by Salesforce. According to a new post published at the company’s website by CEO Richard Socher — a Stanford PhD who studied machine learning, deep learning, natural language processing and computer vision — Salesforce plans to use its technology to “further automate and personalize… Read More

  • Africa’s commercial drones take off Crunch Network

    Africa’s commercial drones take off

    Some of Africa’s first commercial drone startups are generating clients and income. South Africa’s Rocketmine and Ghana’s Aeroshutter are completing services such as 3D volumetric image processing, aerial advertising, and music video production for multinational mining companies, global telecoms firms, and African pop stars. Read More

  • Overseeing A Successful Founder-CEO Succession Crunch Network

    Overseeing A Successful Founder-CEO Succession

    Replacing a founder-CEO is no small matter. The founder-CEO is the core around which a startup grows. Replacing that “core” is a highly divisive and hotly debated topic in startup and VC circles. Ideally, the founder-CEO takes the startup to its exit — but history shows that most founder-CEOs are replaced, voluntarily or involuntarily, within the first 3-5 years. Read More

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