Co-Founders Of The Newly Launched Plus Venture Capital (+VC), Sharif El-Badawi And Hasan Haider, On How They Expect Their US$60 Million Fund To Boost And Bolster The Region’s Startup Ecosystem


8 min read

Opinions expressed by Entrepreneur contributors are their own.


You’re reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Plus Venture Capital (+VC) is a newly launched early-stage tech startup fund for the MENA and its diaspora, and it’s being led by two familiar names in the region’s startup ecosystem. Sharif El-Badawi and Hasan Haider, the former Managing Partners of 500 Startups’ MENA fund (500 Falcons) are behind the new US$60 million fund that aims to target 120 investments over the next three years.

At this point, it’s fair to wonder whether now is the right time to start up a new investment venture given the impact of the ongoing COVID-19 pandemic on the region’s economies, but the co-founders’ confidence in their enterprise stems from their thorough knowledge of the ecosystem in which they plan to operate. For instance, according to Haider, the sustainability

Read More

Capital Projects: New Architecture Rethinking Design in Washington D.C.

Capital Projects: New Architecture Rethinking Design in Washington D.C.

Washington D.C. has earned a reputation for iconic architecture. Emerging from the L’Enfant and McMillan Plans, Washington’s cityscape includes wide streets and low-rise buildings that sprawl out from circles and rectangular plazas. From the White House to Lincoln Memorial, Washington’s architecture was built to symbolize the nation’s values. Today, new projects are designed to rethink the city’s morphology while respecting its identity.

© Edmund SumnerCourtesy of Dwight D. Eisenhower Memorial Commission© Eric Taylor© Richard Barnes+ 11

© Nic Lehoux
© Nic Lehoux

Informed by a series of standards, the city and the National Mall were planned in accordance with the Height Act of 1910 that controlled density and height limits. Building off powerful works like Maya Lin’s Vietnam Memorial, new projects showcase a range of contemporary approaches to design across Washington. Built among historic contexts, these projects reinterpret monumentality through modern forms and expressions.

Read More

Roku Chief Financial Officer to Present at RBC Capital Markets Global Technology, Internet, Media & Telecom Virtual Conference


Roku, Inc. (Nasdaq: ROKU) announced today that Chief Financial Officer Steve Louden will present at the RBC Capital Markets Global Technology, Internet, Media & Telecom Virtual Conference on Tuesday, Nov 17, 2020. Louden is scheduled to present at 11:40 a.m. Pacific Time / 2:40 p.m. Eastern Time.


A live webcast and replay of the presentation will be available on the investor relations section of the Roku web site at https://ir.roku.com.


About Roku, Inc.


Roku pioneered streaming to the TV. We connect users to the streaming content they love, enable content publishers to build and monetize large audiences, and provide advertisers with unique capabilities to engage consumers. Roku streaming players and TV-related audio devices are available in the U.S. and in select countries through direct retail sales and licensing arrangements with service operators. Roku TV™ models are available in the U.S. and in select countries through

Read More

Capital Markets Chaos at Hand as Trump Strikes at U.S.-Listed Chinese Firms

President Donald Trump has sought to bar U.S. investors from buying the securities of Chinese companies with ties to the military of Communist China.

Trump signed an executive order on Thursday evening that bans as of Jan. 11, 2021, securities transactions in 31 companies already identified as having links with the Chinese military.

It’s a short and simple order. A simple order with complex ramifications that will sweep through Wall Street.

I said in September 2019 that pressure was building over Communist China’s access to U.S. capital markets. It may have taken a year, but this is finally a concrete move to cut off access to Wall Street for state-linked Chinese companies.

The enormous Chinese telecoms China Mobile (CHL) and China Telecom (CHA) are included on the list of 31 affected companies. Both are listed on the New York Stock Exchange, which essentially will become pointless if U.S. investors are

Read More

French drugmaker Sanofi has just invested $59 million in biotech investor Jeito Capital to fund innovation in the biopharma pipeline



logo: FILE PHOTO: Sanofi logo is seen in Paris Reuters


© Reuters
FILE PHOTO: Sanofi logo is seen in Paris Reuters

  • Sanofi, one of the world’s biggest pharmaceutical companies, has invested €50 million in new French-based VC Jeito Capital.
  • Jeito CEO Rafaèle Tordjman, managing director of innovation at Jeito Capital, spoke with Business Insider about how the fund plans to invest the money.
  • Jeito’s first fund has already invested in two companies, with plans to invest in a further 4-5 in the next year.
  • Visit Business Insider’s homepage for more stories.

France’s Sanofi, one of the world’s biggest pharmaceutical companies, has invested €50 million ($59 million) in venture capital firm Jeito Capital, Jeito CEO Rafaèle Tordjman said on Friday.

Loading...

Load Error

Jeito Capital, a Paris-based venture capital firm, plans to invest in biopharma and biotech companies across all different funding stages. Sanofi is the world’s fifth-largest drugmaker by prescription sales. Its better known over-the-counter brands include anti-acid products such as

Read More

Myth-Busting In European Venture Capital

This piece was written in collaboration with the AllocateGP team which is building a community of European emerging VC managers and forward-thinking LPs.


The European venture capital market needs a makeover. Over the last two decades, Europe has struggled to keep up with its US counterpart. Historically, returns in European venture has lagged the US, which over time have given rise to a poor perception of Europe. However, over the last few years, the European venture landscape has shown signs of significant change for the better—with the returns starting to come through. Perhaps it is time to debunk several myths that people believe about European tech, and by doing so, we will shed some light on the investment opportunities emerging in Europe.

Myth #1: Europe Lacks Innovation And Talent. 

Often, investors and entrepreneurs remark that truly breakthrough technologies

Read More

How Capital One became the first fully cloud-enabled US bank

  • The pivot to the cloud is a major IT transformation that many companies are still grappling with. 
  • Capital One just became the first US bank and one of the only major Fortune 500 corporations to be fully cloud-enabled after exiting its last physical data center, Business Insider can exclusively reveal. 
  • “Many companies might underestimate how comprehensive a transformation this is,” Melanie Frank, the bank’s vice president of technology, said.
  • “It was a cultural shift for us just as much as it was a technology journey,” she added. 
  • Sign up here to receive updates on all things Innovation Inc.

The pivot to the public cloud is one of the most drastic IT changes to hit corporate America in the past decade. 

But despite all the enthusiasm over cloud computing, the reality is many firms still operate brick-and-mortar data-storage facilities. There are many reasons for this, including concerns over security, the cost

Read More

Vivint Smart Home to Participate in RBC Capital Markets Global Technology, Internet, Media & Telecommunications Investor Conference

Vivint Smart Home, Inc. (NYSE: VVNT), a leading security and smart home company, today announced that it will present and host meetings with investors at the RBC Capital Markets Global Technology, Internet, Media, & Telecommunications Conference. Details of the presentation are as follows:

RBC Capital Markets Global Technology, Internet, Media, & Telecommunications Conference

Date:

Wednesday, November 18, 2020

Time:

4:40 p.m. Eastern Time

The presentation (fireside chat format) will be available via live audio webcast and archived on Vivint’s investor relations website at http://investors.vivint.com/.

About the Company

Vivint is a leading smart home company in North America. Vivint delivers an integrated smart home system with in-home consultation, professional installation and support delivered by its Smart Home Pros, as well as 24/7 customer care and monitoring. Dedicated to redefining the home experience with intelligent products and services, Vivint serves approximately 1.7 million customers throughout the U.S. and Canada. For more information,

Read More