[Ro in Business Insider] 5 ways the election could upend digital health, according to 14 healthcare CEOs, investors, and policy experts

Ro, a direct-to-consumer health startup, is working with states to make those laws less restrictive, according to Adam Greenberg, Ro’s general counsel.

Read more here.

The post [Ro in Business Insider] 5 ways the election could upend digital health, according to 14 healthcare CEOs, investors, and policy experts appeared first on OurCrowd Blog.

OurCrowd Blog

Ant Group could raise as much as $34.5B in IPO in what would be world’s largest IPO

The long-anticipated IPO of Alibaba-affiliated Chinese fintech giant Ant Group could raise tens of billions of dollars in a dual-listing on both the Shanghai and Hong Kong exchanges.

Shares for the company formerly known as Ant Financial are expected to price at around HK$ 80, or roughly 68 to 69 Chinese Yuan. The company is selling around 134 million shares in the Hong Kong portion of its debut, worth around $ 17.25 billion American dollars at HK$ 80 apiece.

Given that the share sale is expected to raise a similar amount of money from its Shanghai listing, the company’s IPO could raise as much as $ 34.5 billion. That tally would make the debut the largest in history, besting the recent Aramco IPO that raised around $ 29.4 billion.

Alibaba owns a 33% stake in Ant Group. At its currently expected share price, Ant Group would be worth as much as $ 310 billion, according to the New York Times, or $ 313 billion per CNBC.

Ant Group’s huge IPO fits its own epic scale. As TechCrunch reported in July, Ant had around 1.3 billion annual active users in March of this year, a number that could have risen in recent quarters. Ant’s Alipay competes with Tencent’s WeChat Pay in the huge and lucrative Chinese market.

The Ant Group IPO could be viewed as a moment in which the United States stock markets showed weakness. When Alibaba went public back in 2014, it did so via the New York Stock Exchange. The Chinese tech giant later dual-listed on the Hong Kong exchange. To see Ant Group dual-list on the Hong Kong and Shanghai indices without a float in New York shows what is possible outside of the United States when it comes to capital financing.

Fintech startups have broadly seen their fortunes rise during 2020, as the global pandemic changed consumer behaviour and moved more commerce and payments into the digital realm. And IPOs have generally performed strongly as well, meaning that Ant Group could find a few tailwinds for its equity when it begins to trade.

Ant has not been content to stick to its knitting, keeping itself busy by investing in other startups. The company took a small stake in installment-payment service Klarna earlier this year, for example.

At a valuation of more than $ 310 billion, Ant Group would be worth about as much as JPMorgan Chase, the most valuable American bank today. It would also best U.S.-based digital payments leader PayPal, which is currently valued at $ 236 billion, as well as Square, which is valued at $ 77 billion.

Startups – TechCrunch

Equity Shot: The DoJ, Google, and the suit could mean for startups

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.

It’s a big day in tech because the US Federal Government is going after Google on anti-competitive grounds. Sure, the timing appears crassly political and the case is not picking up huge plaudits thus far for its air-tightness, but that doesn’t mean we can ignore it.

So Danny and I got on the horn to chat it up for about 10 minutes to fill you in. For reference, you can read the full filing here, in case you want to get your nails in. It’s not a complicated read. Get in there.

As a pair we dug into what stood out from the suit, what we think about the historical context, and also noodled at the end about what the whole situation could mean for startups; it’s not all good news, but adding lots of competitive space to the market would be a net-good for upstart tech companies in the long-run.

And consumers. Competition is good.

You can read TechCrunch’s early coverage of the suit here, and our look at the market’s reaction here. Let’s go!

Equity drops every Monday at 7:00 a.m. PT and Thursday afternoon as fast as we can get it out, so subscribe to us on Apple PodcastsOvercastSpotify and all the casts.

Startups – TechCrunch

First Mover: As Ethereum Enthusiasm Builds, ‘Bear Case’ Could Still See Prices Double – Nasdaq

First Mover: As Ethereum Enthusiasm Builds, ‘Bear Case’ Could Still See Prices Double  Nasdaq
“nigeria startups when:7d” – Google News

Brazil’s Black Silicon Valley could be an epicenter of innovation in Latin America

Over the last five years, Brazil has witnessed a startup boom.

The main startups hubs in the country have traditionally been São Paulo and Belo Horizonte, but now a new wave of cities are building their own thriving local startup ecosystems, including Recife with Porto Digital hub and Florianópolis with Acate. More recently, a “Black Silicon Valley” is beginning to take shape in Salvador da Bahia.

While finance and media are typically concentrated in São Paulo and Rio de Janeiro, Salvador, a city of three million in the state of Bahia, is considered one of Brazil’s cultural capitals.

With an 84% Afro-Brazilian population, there are deep, rich and visible roots of Africa in the city’s history, music, cuisine and culture. The state of Bahia is almost the size of France and has 15 million people. Bahia’s creative legacy is quite clear, given that almost all the big Brazilian cultural patrimonies have their roots here, from samba and capoeira to various regional delicacies.

Many people are unaware that Brazil has the largest Black population in any country outside of Africa. Like counterparts in the U.S. and across the Americas, Afro-Brazilians have long struggled for socio-economic equity. As with counterparts in the United States, Brazil’s Black founders have less access to capital.

According to research by professor Marcelo Paixão for the Inter-American Development Bank, Afro-Brazilians are three times more likely to have their credit denied than their white counterparts. Afro-Brazilians also have over twice the poverty rates of white Brazilians and only a handful of Afro-Brazilians have held legislative positions, despite comprising more than 50% of the population. Not to mention, they make up less than 5% of the top level of the top 500 companies. Compared with countries like the United States or the United Kingdom, the racial funding gap is even more stark as more than 50% of  Brazil’s population is classified as Afro-Brazilian.

Bahia could be an epicenter of innovation in Latin America

Salvador (Bahia’s capital) is the natural birthplace of Brazil’s Black Silicon Valley, which largely centers around a local ecosystem hub, Vale do Dendê.

Vale do Dendê coordinates with local startups, investors and government agencies to support entrepreneurship and innovation and runs startup acceleration programs specifically focusing on supporting Afro-Brazilian founders. The Vale do Dendê Accelerator organization has already been in the spotlight at international and national publications because of its innovative work in bringing startup and tech education from mainstream to traditionally underserved communities.

In almost three years, the accelerator has supported 90 companies directly that cut across various industries, with high representation from the creative and social impact sectors. Almost all of the companies have achieved double-digit growth and various companies have gone on to raise further funding or corporate backing. One of the first portfolio companies, TrazFavela, a delivery app that focuses on linking customers and goods from traditionally marginalized communities, was supported by the accelerator in 2019. Despite the lockdown, the business grew 230% between the period of March and May after incubation and recently signed an agreement for further support and investment from Google Brasil.

There is a clear recognition of the business case for Afro-Brazilian businesses. Another company supported in the beginning with mentoring by Vale do Dendê is Diaspora Black (which focuses on Black culture in the tourism sectors). It attracted backing from Facebook Brasil and grew 770% in 2020.

The same is true for AfroSaúde, a health tech company focused on low-income communities with a new service to prevent COVID-19 in favelas (urban slums, which incidentally have high Black representation). The app now has more than 1,000 Black health professionals on its platform, creating jobs while addressing a health crisis that had been tremendously racialized.

We’re at the brink of a renaissance here in Bahia

Despite Brazil’s challenging economic situation, large national and global companies and investors are taking notice of this startup boom. Major IT company Qintess has come on board as a major sponsor to help Salvador become the leading Black tech hub in Latin America.

The company announced an investment of around 10 million reais (nearly $ 2 million USD) over the next five years in Black startups, including a collaboration with Vale do Dendê to train around 2,000 people in tech and accelerate more than 500 startups led by Black founders. Also, in September, Google launched a 5 million reais (around $ 1 million USD) Black Founders Fund with the support of Vale do Dendê to boost the Afro-Brazilian startup ecosystem.

There is no doubt that the new wave of innovation will come from the emerging markets, and the African Diaspora can play an important role. With the world’s largest African diaspora population in the hemisphere, Brazil can be a major leader on this. Vale do Dendê is keen to build partnerships to make Brazil and Latin America a more representative startup and creative economy ecosystem.

Startups – TechCrunch

My guide to how I made money online so that I could afford to begin my startup

Hey guys. When I was trying to work on my startup, I was struggling to afford to pay for important parts that could help me finish my work. This made me take a slight detour into trying to find quick ways to earn some money online as opposed to getting a job so that I could stay at home and continue to put work into my passion. This post will contain the top 6 ways I've earned money online and I will start off with the 3 that were the most profitable. This is a slight edit of another post I made but I hope it can still be helpful to some of you here.


Here are my top 3:

1: Freelancing Jobs

Although this method is not as profitable as the 2nd method below, having a skill that can be done online could be quite lucrative depending on what your field is. The most popular sites for this are Fiverr, Upwork, & Freelancer, but I'd recommend doing some research before choosing a marketplace since there are so many websites for this. Here's a link from Quora showing the current top sites:

https://www.quora.com/What-are-the-best-freelancing-sites

2: Money-Making Methods

The most common way to make money online is to just use money-making methods from websites that offer them. It's a little lazy but it's the most popular for a reason. The biggest issue with these is that the methods don't last long & stop working after around 6 to 12 months. This repost taken from r/entrepreneur nicely organizes all of these sites into an updated chart:

https://www.reddit.com/r/MoneyInfo/comments/hyvxzk

3: Steps to Selling eBooks

I think selling eBooks online are an under-discussed topic here & this guide is very informative if you are looking to get into this lucrative area. Some say this field is currently oversaturated but I'd argue it's worth it if you have the right idea. Here's the post:

https://www.reddit.com/r/Entrepreneur/comments/88kn65


These next 3 are still helpful but I didn't think they were as important as the previous guides:

4: Affiliate Marketing Guide

Helpful & brief guide on Affiliate Marketing. It's a bit dated but it gave some informative tidbits that I thought some of you would find useful:

https://www.reddit.com/r/Entrepreneur/comments/2wnsue

5: Full-Blown Beginners Guide

Here is a helpful post from the Work Online subreddit on getting started with making money online. Looks like the post was made to promote his eBook but I think you guys can still learn something from it:

https://old.reddit.com/r/WorkOnline/comments/a4nvc7

6: SEO Tutorial to get Ranked

SEO has been tough for me in the past but I wish I read this post back in the day. I'd say this is currently the smartest route for advertising your business (depending on your field):

https://old.reddit.com/r/Entrepreneur/comments/4wbdcz


Thanks for reading this post and let me know if there's any corrections or if you have any criticisms. In my next post, I will include a link to my blog if any of you are interested. Like I said, if any of you found this helpful, I will definitely try to continue these posts by making another compilation for the end of November. Thanks again!

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Why Embracing Freelancers Could Be the Key to Success in the COVID-19 Era

The world as a whole is facing the most challenging time in recent history. The health and economic effects of COVID-19 caught most countries off guard. Mid-March and early April were extremely volatile, and the information on how the virus spread was oftentimes contradictory. We knew one thing for certain: staying home would save lives. However, staying home also had major negative effects on the economy, and our businesses.

Unemployment in the U.S. rose to 14.5 percent in April, slowly recovering to 10.2 percent in July. However, while governments have released unprecedented stimuli packages (to the tune of 3 trillion in the U.S. and 750 billion in the EU), there are still individuals falling through the cracks. That is why startup companies are taking a hard look at how to reimagine the critical and fast-evolving world of work.


StartupNation exclusive discounts and savings on Dell products and accessories: Learn more here

The rise of freelancing in the COVID-19 era

Historically, the gig economy has been viewed adversely, with many people associating it solely with the Postmates and Ubers of the world and their lack of benefits that those with permanent employment generally can access. However, in the context of an economy reeling from COVID-19, freelancing now means something quite different. Millions of people have lost their jobs, which has resulted in a surge of individuals becoming freelancers and gig workers to make ends meet.

While this may seem like a major transition now, the outcome will be a more knowledgeable and effective workforce with long-term benefits that will push a generation to think differently about how they work.

The perks of utilizing freelancers

The future of remote work is now one of the most discussed topics as business owners are being forced to reevaluate hiring strategies, with many choosing to use multiple freelancers with highly-targeted skills for the price of a single employee.

This realization across industries has pushed the gig economy to the edge of a major transformation, and rapid growth during the pandemic is just the tip of the iceberg. The months of remote work in 2020 have shown companies that even complex roles and tasks can be effectively executed by a talented freelancer who never steps foot in the physical office.

This, combined with the economic benefits, is particularly important for startups, which strive to operate as lean as possible.

For specific projects such as website design, white papers, press releases, product descriptions, email newsletters, or even podcasts and audio advertising spots, freelancers are an affordable and effective way to get quality content while keeping core staff focused on the company’s key objectives.

There is no longer a reason to hire someone full-time to continually support these projects. Instead, pay someone up front, build and maintain the relationships with a network of freelancers, and utilize them on a project-to-project basis.


Related: How to Get Out of Day-to-Day Operations and Into Leadership

Looking ahead five years

The key to effectively managing project-based freelancers is to utilize a third-party platform that can act as a go-between to connect businesses with a pool of potential candidates at the right cost, which ensures quality work is delivered on time.

Although some startups hesitate to do this for fear of losing control of the quality of deliverables, the reality is that the right third-party service will have a pool of thousands of carefully vetted freelancers that will allow them to deliver projects that are of the highest quality far faster than traditional avenues.

The transition to these services will lead to a few fundamental truths in five years’ time:

  • Real-time content creation: Freelance service marketplaces will no longer sell businesses on a relationship with a particular person. Instead, they’ll show some sample creatives and supply a freelancer who can match that spec. As a result, a 24-hour turnaround for creative projects will be industry-standard by 2025.
  • Hyper-localized content, anywhere: Creating hyper-localized content around the world won’t just be for the major multinationals anymore. By utilizing a network of freelancers, companies of any size will be able to complete robust, hyper-local projects that previously would have been cost-prohibitive.
  • An end to freelance ghosting: As startups increasingly turn to freelance services partners, the concept of “freelance ghosting” will become a thing of the past. These third-party suppliers have access to thousands of candidates and can look after all of the project logistics to ensure rapid completion.

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If you’ve never considered using freelancers because the risk seemed to outweigh the reward, I encourage you to take a second look at how working with a third-party freelance service can alleviate some of the stress of your company’s day-to-day operations.

The bottom line is that standard recruiting confines startups to only hiring employees for one specific area or field. However, embracing the use of freelancers gives startups the ability to cut down on overhead costs and grow your market by unlocking a diverse field of workers with a range of experience, education, and skill to fit any project need.

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