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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 It’s a huge market at the end of the day, you have roughly 250 million people.

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

TechCrunch

A growing number of investors have begun suggesting that certain venture-backed startups that have yet to find so-called product-market fit throw in the towel. It’s a lousy job market, and most founders feel an obligation to take care of their employees. After all, the money could be invested in something more impactful.

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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. Contrast that to Denmark, which has a very flexible labor market. The bust reached all the way to Copenhagen.

.Net 85
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Crowding Out

The Agile Manager

It only took a couple of years for tech to recover from the 2001 dot-com crash. True, energy is less a factor on most company income statements than it was fifty years ago, but logistics and distribution firms - the companies that get raw materials to producers and physical products to markets - will feel the pinch.

Energy 52
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AI Development: Benefits of AI in Business

iTexico

HAL from 2001: A Space Odyssey , robotic uprising and independence in R.U.R. , Improving speed to market (21%): Artificial intelligence is capable of analyzing and coming to a decision with large amounts of data faster than humans can. Improving bottom-line growth (19%): Bottom-line growth refers to a company’s net earnings.

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The Tech Sector: Bull, Bubble or Both, and What it Means For IT (Part I)

The Agile Manager

That's great during a bull market, but painful during a bear market. This could simply be the next stage of what may be a multi-year bull run for tech, similar to its 1983-2001 bull run that had several mini-cycles. The net effect is, capital is still highly nervous. There's no certainty of how this will play out.

.Net 40
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Glamorous Celebrity Deaths and Minimal Taxes in 2010 :: Women on.

Women on Business

Houston energy magnate Dan Duncan who died earlier this year had an estimated net worth of $9 billion, and television industry mogul John Kluge died with a $6.5 This is a change from the 2010 law which based taxation of inherited assets on their original cost basis, instead of their current fair market value. billion estate.

Media 80