article thumbnail

Egypt’s e-commerce platform Wasla nabs $9 million from retail finance provider Contact

TechCrunch

Contact has been in the business of consumer finance since 2001, while Wasla was founded in 2018 by former Serag Meneassy and Taymour Sabry , both ex-Rocket Internet entrepreneurs, and investment banker Mahmoud El Said. “It’s

eCommerce 223
article thumbnail

The tech layoffs continue

David Heinemeier Hansson

I was working for a venture-backed software company in 2001, and with the writing of the dot-com implosion on the wall, I applied to Copenhagen Business School for refuge. It took years to recover from that, and brought some rough years for anyone trying to break into or stay in the industry. The bust reached all the way to Copenhagen.

.Net 83
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

‘Graceful way out’: Investors propose some struggling founders close shop and return funding

TechCrunch

I do know one company that returned 70% of its capital during the 2001 cycle after everything shut down, and one of the co-founders was able to raise a successful round a few years later, but I’m unclear if it was correlation or causality. I haven’t been involved in return-of-capital scenarios prior to this cycle. Isn’t that interesting?

article thumbnail

Flashback Friday

Coveros

In a previous post , Mike Sowers asked readers to think about where they were in February of 2001 at the inception of the Agile Manifesto. Consultant Chao Din was a technical manager with the Bureau of Census using Microsoft and Oracle technologies,NET, C#, C/C++, PL/SQL, and was in charge of Computer Maturity Model (CMM) Level 2 compliance.

Agile 52
article thumbnail

Sci-Fi. or Fantasy? (1984 to 2008 via 2001)

elsua: The Knowledge Management Blog

Another classic example of good science fiction is 2001. I invite you to download and read The Sentinel , which is the short story upon which 2001, A Space Odyssey is based. He constantly reviews open or "free" culture that is available via the net. You'll be accessing the 1984 Audio Book via OpenCulture.

article thumbnail

Crowding Out

The Agile Manager

It only took a couple of years for tech to recover from the 2001 dot-com crash. Even if real net income has contracted, nominal has not, so buybacks and dividends haven’t been crowded out by rising expenses. Tech has had a pretty easy ride for the last twenty years. Mobile went big in 2009, forcing companies to invest.

Energy 52
article thumbnail

Step 1: Acknowledge the need to move from a team focus to systems thinking

Net Objectives

“We cannot solve our problems with the same thinking we used when we created them” Einstein The team focus of 2001 is no longer viable. Early adopters could adopt Scrum without regards to the bigger picture. The key was having a cross-functional team that Scrum and XP were designed for.

SCRUM 40