![]() I feel like a kid in a candy store, there's so many great sources of public data to choose from I hardly know what to visualize first, and I'm surprised there aren't more people taking advantage of this bounty. Who'd have thought that analyzing which pages link to each other could become a gushing fountain of money for Google, once they had enough pages crawled? ![]() Even junk data becomes valuable at scale. What they didn't understand was that if you have enough of them, important and interesting patterns start to emerge. Individually they only displayed a name, a handful of friends and some pages each user liked, which seemed worthless. I think the root cause of my troubles with Facebook was that they didn't realize what a rich source of information the public profiles they exposed to search engines were. Just as mining companies are using new technology to extract metal from decades-old piles of waste material, so researchers are starting to pull useful information from data that the big players see as valueless. What's really changed in the last few years is that the technology for grabbing large amounts of data and analyzing it is now incredibly cheap. Things that the everyday folk leave behind Making good use of the things that we find I realized that Recycled Data might be a better theme, which makes me a Womble: I've always struggled to find the right label for what I do, Implicit Data was the original inspiration for Defrag, these days Big Data is en vogue, but none of them are very descriptive. As I was exchanging emails with him about the conference I found the theme to The Wombles kids show from the 70's going through my head. trends here.I'm excited to be doing a presentation at Defrag again this year, Eric Norlin gathers together an amazing bunch of people. Catch up on global Q3 investment trends here and U.S. Crunchbase News has aggregated all our charts and tables covering venture investment in Q3 of 2017.The firm, which principally focuses on Series B and C investments, also plans to open a satellite office in SanFrancisco. Icon Ventures, a Palo Alto,Calif.-based technology VC firm, has closed on $265 million for its sixth fund.The ride-hailing company is also in advanced talks with other investors for another $1 billion. Ola, Uber’s chief rival in India, has raised $1.1 billion in a new financing led by Tencent and joined by SoftBank.The Berlin-based company, which has raised more than $360 million in venture funding, is currently unprofitable but laid out a strategic goal to reach breakeven in 15 months. Meal kit provider HelloFresh filed to raise up to $352 million in an initial public offering on the Frankfurt Stock Exchange.There are a few people betting a couple bucks that it can. If that gross profit can become real profit is the next question. ![]() That bodes well for its industry, as it is possible to generate gross profit off of ridesharing. Uber’s ridesharing business is gross margin positive, we learned after the company disclosed elements of its third-quarter financials. So what is another billion or two on top of the total? Not much, perhaps, in comparative terms, but in terms of raw scale, quite a lot.īack in August, when rumors swirled that Go-Jek - another ridesharing company - would raise over $1 billion, also led by Tencent, we asked “how many billions does it take to make ridesharing work?” We joked that the answer was always “more.” Toss in the impending Uber-SoftBank deal, and there are almost more billion-dollar-plus ridesharing deals this year than I can keep straight without a scratch pad. Uber’s equity sales and debt have brought in over $11 billion. After all, Ola will have raised around $4 billion when this round is all said and done. The scale of Ola’s raise is unlikely to surprise observers in the sector. Ola competes with Uber, Didi, and other ridesharing companies with large aspirations. The company also reports that it is in “advanced talks” to raise another billion, bringing its new round’s total value to “over US$2 billion.” Ola has greatly expanded its capital base by raising over one billion dollars led by Tencent. The Great Ridesharing Wager continues.įollow Crunchbase News on Twitter & Facebook Morning Report: Ola raised $1.1 billion more, and may have another $1 billion awaiting it. ![]() Freelance Writers: How To Pitch Crunchbase News.
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