A slew of big name entrepreneurs and celebrities are really circling the drain with their latest investment. Led by Greycroft, a who’s who of celebrity investors, including Mark Cuban, Marc […]
Startups should invest more in technology than in user acquisition and should stop trying new strategies that will burn a lot of money.
At some point within the next year or so, three Chinese consumer tech giants could go public. One is Ant Financial, the payments arm of Alibaba, which was last valued at about $150bn. Shares in ByteDance are trading in the grey market at a level that implies a valuation of about $100bn, $25bn higher than the last private fundraising for the owner of TikTok and other platforms. And then there is WeBank, a digital bank backed by Tencent, its own management, and a group of government-approved Shenzhen firms.