Why do investors seem to care about “billion dollar exits”? Historically, top venture funds have driven returns from their ownership in just a few companies in a given fund of many companies. Plus, traditional venture funds have grown in size, requiring larger “exits” to deliver acceptable returns. For example – to return just the initial capital of a $400 million venture fund, that might mean needing to own 20 percent of two different $1 billion companies, or 20 percent of a $2 billion company when the company is acquired or goes public.

So, we wondered, as we’re a year into our new fund (which doesn’t need to back billion-dollar companies to succeed, but hey, we like to learn): how likely is it for a startup to achieve a billion-dollar valuation? Is there anything we can learn from the mega hits of the past decade, like Facebook, LinkedIn and Workday?

Complete article here–>

“We are now in version 3.0 of music’s overall digital usage; first being mobile ring backs and downloads, second being streaming and the third being consumers expressing themselves using our music on open platforms,” said Mandar Thakur, COO, Times Music, which is part of Bennett Coleman and Co Ltd that also publishes this paper.

Complete article here–>

Read more at:
http://economictimes.indiatimes.comhttps://economictimes.indiatimes.com/industry/media/entertainment/tiktok-facebook-and-instagram-bring-music-to-labels-ears/printarticle/72574067.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Spices were among the first engines of globalization, not in the modern sense of a world engulfed by ever-larger corporations but in the ways that we began to become aware, desirous even, of cultures other than our own. Such desire, unchecked, once led to colonialism.

Article here–>