The internet is something so many of us take for granted but africa still lags behind other regions in terms of online quantitative easing now some of the big tech firms are racing to bridge that gap but at what cost what happens when the same Company Controls the content and its delivery this is inside story. Hello im come all santamaria from video chatting to working from home one thing that is keeping us all going during this lockdown is a good Internet Connection think about when the online world became part of your everyday life and how transformative it was ordering banking educating building a business all from your computer and then from your phone but in africa in 2020 only 4 in every 10 people has access to the internet and so tech firms are seeing an opportunity they want to develop the internet infrastructure there for example facebook and google teaming up with Telecommunications Firms to build cables under the same project which i aim to connect the continent to the middl
Provider. Scott cooper, what does a Venture Capitalist do . Basically what we do we provide money to companies that are trying to grow and hopefully become very Big Companies like a facebook or google or an apple someday and every doing our jobs correctly, were helping them grow the company so we dont obviously work in the businesses but we can provide and navigate new challenges as they go through the business, we like making ourselves as a money provider and a supporter as a business growth. Why can a company such as the one you described go to a bank and go through traditional avenues . A good question, the problem is most of the business we invest are very risky businesses that lose money for a long period of time as they invest in the business and banks unfortunately are not in the business of doing that or taking risk of losing the capital, we are willing to take that risk and about half of what we invested we will ultimately lose all her money and any bank to your promos will no
Scott cooper, what does a Venture Capitalist do . Basically what we do we provide money to companies that are trying to grow and hopefully become very Big Companies like a facebook or google or an apple someday and every doing our jobs correctly, were helping them grow the company so we dont obviously work in the businesses but we can provide and navigate new challenges as they go through the business, we like making ourselves as a money provider and a supporter as a business growth. Why can a company such as the one you described go to a bank and go through traditional avenues . A good question, the problem is most of the business we invest are very risky businesses that lose money for a long period of time as they invest in the business and banks unfortunately are not in the business of doing that or taking risk of losing the capital, we are willing to take that risk and about half of what we invested we will ultimately lose all her money and any bank to your promos will not be too e
So, scott cooper, what does a Venture Capitalist do . Basically what we do is we provide money to companies that are trying to grow and hopefully arbecome very Big Companies like facebook or google or apple someday and then if we are doing our jobs correctly we are also helping them grow the company so we dont work in the businesses but hopefully we can provide introductions to them and help them navigate new challenges as they go through the business so we like to think of ourselves as a money provider and hopefully a supporter as the business grows. Why cant a company such as a the one you describe go through a bank and do traditional avenues. Good question. The problem is most of the businesses we reinvest in our ricky businesses and lose money for a long period of time as they invest in banks are just not in the business of doing that or taking risk of losing their capitals so we are willing to take that risk and in fact half of what we invest in will lose our money and any bank wh
All of faang higher with names like paypal up 5 today. We have two bad final hours of trade over the last two sessions and we have sold off over the last couple of hours off the session highs as we stand. Ahead on todays show, well speak exclusively with Thomas Barkin on the heels of another massive jobless number why he says we may be at the bottom of the downturn he just said that on a podcast about an hour ago. Plus, former treasury secretary, jack lew, will join us to discuss the governments tuss efforts and whether cash is going to the right places and the countdown to another big afternoon of earnings. Uber, roku, dropbox and trip adviserme adviser. Well bring you all the numbers you need the know as soon as they hit were off the session highs. Dow high was 430 points. Up 206 just shy of a percent s p 500 and nasdaq still up more than lets focus on the big stories mike is tracking the market rally. Meg has the latest on moderna jumping on news surrounding its vaccine candidate, b