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Microsoft’s Talks to Buy TikTok Follow Headwinds for Investor Plan

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Microsoft is in serious talks to acquire TikTok, the hugely popular Chinese-owned video app, The Information has confirmed, after separate talks for a U.S. investor group to buy the app ran into headwinds on both political and business grounds.

Senior ByteDance executives see Microsoft as more able to afford Tiktok, which could be worth $30 billion or more, and to have a management team that could absorb the app more easily than if it was a standalone company. ByteDance founder Zhang Yiming also has ties to Microsoft, having worked there early in his career. TikTok’s global general counsel Erich Andersen also has a strong Microsoft connection: he joined TikTok in January after 20 years at the software giant.

Source: https://www.theinformation.com/articles/microsofts-talks-to-buy-tiktok-follow-headway-for-investor-plan

Entrepreneur

100X.VC Unveils Its Class 02 Investments

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100X.VC, a venture capital firm (1) led by serial investor Sanjay Mehta has disclosed its class 02 investments. It includes nine seed-stage startups from several sectors from the VC Pitch Day held on Friday, 18 September.

The company stated that class 02 funding was completed via iSAFE notes. It would allow investors to make cash investments for a convertible instrument. Hence, the investor would be able to buy shares in the future price. 

The firm, launched in 2019, has received over 4,500 applications to date. It includes startups from agritech, blockchain, automotive, edtech, fintech, governance, etc. The 100X.VCC Partner Ninad Karpe stated that the team is delighted to give nine startups part of our Class 02 investment. He added that the year brought us a lot of challenges. However, we are proud of our class 02 startups for their determination, tenacity, and perseverance. 

The Class 02 Startups of 100X.VC

Before the VC Pitch Day, all nine startups attended industry experts’ masterclasses. 100X.VC team also organized several prep sessions for the startups. The class 02 startup includes Fyllo, Mindpeers, Pracify, BatteryPool, Jetsons Robotics, Ava, SAWO Labs, Our Eye.ai, and SharedPro. These startups belong to different categories, such as agritech, mental health-tech, HR tech, EV, robotics, healthcare, AI, etc. 

As per the company’s claim 100X.VC invested in 20 seed-stage startups in 2019. It had its VC Pitch Day event on 7 December, Mumbai. The company also declared its purpose of investing in more than 100 seed-stage startups by the current fiscal year. 

Sanjay Mehta and Ninad Karpe launched 100X.VC. The partners have invested in over 130 startups in various segments as individuals. The Mumbai-based fund also includes other prominent names like Yagnesh Sanghrajka, Vatsal Kanakiya, and Shashank Randev. 

At the time of its launch, 100X.V firm announced that it would invest in 100 startups every year. It would further also help startups with their expertise and resources. It would help the startups to increase their capacity to develop a scalable business model. 


Rucha Joshi is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student. She’s currently working as a content writer and is always interested in a challenge.

Source: https://timesnext.com/100x-vc-unveils-its-class-02-investments/

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SaaS

SaaS Ventures takes the investment road less traveled

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Most venture capital firms are based in hubs like Silicon Valley, New York City and Boston. These firms nurture those ecosystems and they’ve done well, but SaaS Ventures decided to go a different route: it went to cities like Chicago, Green Bay, Wisconsin and Lincoln, Nebraska.

The firm looks for enterprise-focused entrepreneurs who are trying to solve a different set of problems than you might find in these other centers of capital, issues that require digital solutions but might fall outside a typical computer science graduate’s experience.

Saas Ventures looks at four main investment areas: trucking and logistics, manufacturing, e-commerce enablement for industries that have not typically gone online and cybersecurity, the latter being the most mainstream of the areas SaaS Ventures covers.

The company’s first fund, which launched in 2017, was worth $20 million, but SaaS Ventures launched a second fund of equal amount earlier this month. It tends to stick to small-dollar-amount investments, while partnering with larger firms when it contributes funds to a deal.

We talked to Collin Gutman, founder and managing partner at SaaS Ventures, to learn about his investment philosophy, and why he decided to take the road less traveled for his investment thesis.

A different investment approach

Gutman’s journey to find enterprise startups in out of the way places began in 2012 when he worked at an early enterprise startup accelerator called Acceleprise. “We were really the first ones who said enterprise tech companies are wired differently, and need a different set of early-stage resources,” Gutman told TechCrunch.

Through that experience, he decided to launch SaaS Ventures in 2017, with several key ideas underpinning the firm’s investment thesis: after his experience at Acceleprise, he decided to concentrate on the enterprise from a slightly different angle than most early-stage VC establishments.

Collin Gutman from SaaS Ventures

Collin Gutman, founder and managing partner at SaaS Ventures (Image Credits: SaaS Ventures)

The second part of his thesis was to concentrate on secondary markets, which meant looking beyond the popular startup ecosystem centers and investing in areas that didn’t typically get much attention. To date, SaaS Ventures has made investments in 23 states and Toronto, seeking startups that others might have overlooked.

“We have really phenomenal coverage in terms of not just geography, but in terms of what’s happening with the underlying businesses, as well as their customers,” Gutman said. He believes that broad second-tier market data gives his firm an upper hand when selecting startups to invest in. More on that later.

Source: https://techcrunch.com/2020/09/18/saas-ventures-takes-the-investment-road-less-traveled/

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Private Equity

PE firms increasingly paying themselves dividends through new portfolio company debt – report

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Private equity firms are using portfolio company loans to pay themselves dividends at the highest ratio in five years as

Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/pe-firms-increasingly-paying-themselves-dividends-through-new-portfolio-company-debt-report.html

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