Innovation Shift: Not Just in China and Singapore
November 23, 2020
How much innovation will $700 million buy? I think I will find out in the next six to 12 months. “COVID Hit Startups Badly – but Something Surprising Is Happening” contains an interesting factoid, if the datum is accurate. Here’s the passage I noted:
Research from MAGNiTT, a startup data platform, revealed that $704m was invested across 564 different startups across the region in 2019. “To put it into perspective, 2009 saw $15m of funding in five venture deals,” the company noted.
The article emphasizes Covid. My thought is that other factors are contributing to this old-school Silicon Valley type surge. Regardless of the reason, some of these “deals” were ones which just a few years ago would have involved lots of Philz Coffee conversations. Not now it seems.
Stephen E Arnold, November 23, 2020
Comments
-
- Subscribe to Beyond Search
Feature archive
News archive
-
