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FOCUS-Startups spring from ashes of Big Tech purge

"We're investing $2 million in 20 companies - if we just find one unicorn it almost returns the fund, which I think is a really unique opportunity for us as fund managers," said Masha Bucher, co-founder at Day One Ventures. "Looking at the last economic cycle, companies like Stripe, Airbnb, Dropbox have been created in crisis." HOT: GAMING AND AI Also in November, multi-stage fund Index Ventures, which has bankrolled Facebook, Etsy and Skype, launched its second Origins fund, which will invest $300 million in early-stage startups. ....

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Dropbox, Inc. (NASDAQ:DBX) Shares Sold by National Bank of Canada FI

National Bank of Canada FI cut its stake in shares of Dropbox, Inc. (NASDAQ:DBX – Get Rating) by 10.8% in the third quarter, HoldingsChannel.com reports. The fund owned 31,419 shares of the company’s stock after selling 3,817 shares during the period. National Bank of Canada FI’s holdings in Dropbox were worth $650,000 at the end […] ....

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Visa invites Asia Pacific's top startups to shape the future of payments

SINGAPORE, Nov. 4, 2022 /PRNewswire/ Visa, a world leader in digital payments, is today announcing an open call for startups across Asia Pacific to apply for the Visa Accelerator Program 2023. Now in its third year, the Visa Accelerator Program selects a small group of startups to collaborate on some of the most pressing challenges in the payments industry. The 2023 program will focus on developing solutions in the following areas: Web 3.0, global money movement, embedded finance, merchant and small business enablers, andopen banking solutions. The Visa Accelerator Program was launched in 2019 and has since enabled the growth of some of Asia Pacific's most prominent startups. The five startups from the 2022 cohort presented their proof-of-concepts at the Visa Accelerator Spotlight event, after working with Visa product and business development teams to bring their concepts to life and expand their businesses into new markets across the region. Startups from the 2021 and 2022 coho ....

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