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Most interesting part of this article is that the money is raised mostly by Japanese banks, earmarked for Japanese / Asian scaling. Interesting to me because $
by aresant 17y ago
Most interesting part of this article is that the money is raised mostly by Japanese banks, earmarked for Japanese / Asian scaling.
Interesting to me because $75m+ buy you a lot of technical talent overseas to build your own - what is it about ustream that makes it so compelling as an investment target vs. a new start-up buildout?
- vaksel 17y agoUstream is a top 600 site. If you started from scratch, not only is there no guarantee that you'd even reach that level(market now is saturated) but even if you did, it'd take you 3-4 years to get there.
- patio11 17y agoJapanese VC is a little quirky. Imagine companies with great big piles of money and no effective pipeline to get it to twenty somethings. I worked at a technology incubator and essentially the only option for startups was friends & family, government microcapital programs, and (for the very lucky) angel funding from local entrepreneurs. This funding environment turns out very, veeeeeeeeeeeeeeeery different companies than Silicon Valley does. Things are probably different in Tokyo, which is essentially a whole 'nother country which shares a long border and some people with Japan. (I'm only half joking.)
- prakash 17y agowhat's the startup/tech/funding scene like in Tokyo?