Source: Entrepreneur.com
Below is Founding Partner Suneel Gokhale’s account.
The rapid spread of COVID-19 and the resulting market crash has investors and startups within the technology ecosystem fearing the worst. Founders are extremely worried about raising capital and cash flow, and investors globally have already started to pull back on deals just months removed from a venture capital market flush with cash and large financing rounds.
Source: Entrepreneur.com
Below is our KSA partner Maan Eshgi’s account.
People are calling the COVID-19 pandemic a “triple black swan” event for MENA: public health crisis, economic downturn, and depressed oil price environment. It reinforces the extent to which MENA’s fate is linked with the rest of the world. I share the anxiety of others right now, but for me, it has been a proud moment to see the firm measures undertaken by regional governments to ensure the safety of their citizens and residents.
Source: Entrepreneur.com
Below is Founding Partner Sonia Gokhale’s account.
These are the scariest times I have lived through in my entire life. The COVID-19 pandemic is a worldwide humanitarian crisis, and we are encouraging founders to think first about their teams, families, and loved ones. In terms of macro, non-financial events having this type of widespread impact on the economy and broader life, I must admit we were not “prepared” for this. I didn’t think I’d be working from home for the foreseeable future, or trying to figure out if I am six feet away from a person as I walk by them.
Source: Entrepreneur.com
Below is Founding Partner Tammer Qaddumi’s account.
I can find ways to relate to this crisis we are in right now with the COVID-19 pandemic. I’m from Houston, a hurricane bullseye zone. Every few years, shops shutter, people hunker down- basically, the world stops in advance of an impending disaster.
Source: Entrepreneur.com
The below is Founding Partner Sonia Weymuller’s account.
This time is one of self-reflection for many investors. The coronavirus pandemic and its ramifications have highlighted (and will likely accelerate) the broader movement towards more conscious thinking when we invest.
Source: Wamda
UAE-based investment platform VentureSouq has sold its stake in German-based Frontier Car Group, an online and offline used-car marketplace, to the OLX Group, part of Naspers’ classifieds business.
Source: Entrepreneur.com
Any business can be distilled down to its two core components: capital and labor. There is always variability in the proportion of the two, how they work together, and what ultimately gets produced out of these inputs.
Source: ZAWYA
The Business Incubators and Accelerators Company (BIAC), a subsidiary of Saudi Technology Development and Investment Company (TAQNIA), wholly-owned by the Public Investment Fund (PIF), has joined forces with VentureSouq (VSQ), a pan-regional investment platform, to launch a new investment services vertical within BIAC that is designed to bridge the funding gaps of promising startups in Saudi Arabia
Source: Arabian Business
The Business Incubators and Accelerators (BIAC) and pan-regional investment platform VentureSouq (VSQ) have teamed up to launch a new investment services vertical designed to bridge the funding gap of promising Saudi start-ups.
They invest. They run companies. And they rule the region’s VC space. Who are they? What do they have in…