Feb 4 – 5 Key Stories From The Digital World

By February 4, 2019 Insight

1. 2018: The Year VC In Latin America Began To Close The Gap

  • In 2010, VCs invested less than US$200M in Latin American startups. In the past two months [last 2 months of 2018], Latin American startups have raised more than US$1B, nearly matching what Latin American startups raised in 2017 (US$1.1B)
  • We are witnessing an unprecedented pace of acceleration. And as funding rounds increase in size and exits become more common, Latin American startup valuations are also starting to rise
  • LAVCA counts seven new public, private, and acquired Latin American unicorns in 2018

2. Ray Kurzweil on humanity’s nanobot-filled future

  • The most important application of the medical nanorobots is that we will connect the top layers of our neocortex to synthetic neocortex in the cloud.
  • Just as your phone makes itself a million times smarter by accessing the cloud, we will do that directly from our brain
  • …the cloud is doubling in power every year. It’s not limited by a fixed enclosure, so the non-biological portion of our thinking will continue to grow. If we do the math, we will multiply our intelligence a billion-fold by 2045, and that’s such a profound transformation that it’s hard to see beyond that event horizon

3. The United States Of Venture Capital: The Most Active VC In Each State

  • Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country
  • NEA was the only investor to take the top slot in more than one state, leading in DC and New Jersey investments.
  • Number of shake-ups since we last conducted this analysis in May 2017, with 21 changes in top investor. Chicago Ventures overtook Pritzker Group Venture Capital in Illinois, and NEA replaced Fortify Ventures in DC. Meanwhile Smart Money VC Bessemer Partners was booted off the map, edged out by Quake Capital in Hawaii.

4. The Strategy of Selecting an IoT Platform

  • One of the most important jobs for an IoT platform is to make it easy to provision, update, and manage lots of devices and to keep everything secure
  • The three largest cloud servicer providers are Amazon, Microsoft, and IBM. These (3) providers comprise almost 80% of the market and have a $52 billion revenue run rate (Dec 2018)
  • Emerging technologies, such as IoT platforms, should be treated more like strategic partnerships than assets or commodities because time and expense predictions for technology projects, in general, are abysmal.

5. Commuters become crypto users, as DOVU signs loyalty deal with rail service

  • The DOVU system works by creating a distributed marketplace for transport data. That would mean vehicle hire, insurance companies, ridesharing and others could be connected to create a network of transport-related data resources.
  • Go-Ahead will use DOVU’s blockchain-powered reward platform to learn more about its customers and to incentivize changes in passenger behavior.
  • Users will be able to “earn” cryptocurrency when they share their travel data; this then will help Go-Ahead better understand travel habits and better communicate with customers.