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The HP-Autonomy lawsuit: Timeline of an M&A disaster

CIO

The 1990s: Founding myth 1990: Mike Lynch, an academic in Cambridge, England, borrows—or so the legend goes—£2,000 to start Cambridge Neurodynamics, going on to develop the software that would later give rise to Autonomy. Lynch’s lawyers will later claim that HP executives spent just six hours in conference calls with his team.

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Accord, which offers a platform to manage sales processes, secures $10M

TechCrunch

CEO Ross Rich says that the new funds, which bring Accord’s total raised to $17 million, will be put toward the startup’s engineering, sales and marketing teams. The brothers say that they discovered the challenges of modern B2B sales firsthand as their teams scaled from a handful of reps to thousands on the go-to-market team.

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5 pitfalls to avoid when partnering with startups

CIO

In the Indian market alone, startups have increased 90-fold over the past five years, from 726 in FY 2016-17 to 65,861 in FY 2021-22, according to Indian Commerce and Industry Minister Piyush Goyal. In the absence of a multistage due diligence process, an enterprise could face third-party risks.

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8 investors weigh in on the state of insurtech in Q3 2022

TechCrunch

“Short term, it might be more difficult to raise at valuations we have seen before the public market adjustment, but with a strong business model and an experienced management team that understands the market and growth KPIs, it is possible,” she said. How does the insurtech landscape in emerging markets compare to developed markets?

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How Pariti is connecting founders with capital, resources and talent in emerging markets

TechCrunch

” So , how is the team at Pariti setting out to solve these problems? Pariti then assesses each company across more than 70 information points ranging from the team and market to product and economics. In a nutshell, Pariti helps founders connect with affordable talent, access capital and develop their businesses.

Resources 251
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South African payments gateway Ozow raises $48M Series B led by Tencent

TechCrunch

And this is certainly due to the consumer and merchant education that we had to go through over the past seven years as it was quite an innovative solution that no one was really familiar with before.”. From 2016 to 2017, Ozow raised a combined $1.2 Faster deals, less diligence: The African startup market mirrors its larger rivals.

Banking 269
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Ex-Uber software engineers raise $3M for Sperta, a 6-month-old startup that wants to help fintechs better manage fraud risk

TechCrunch

Working together at Uber’s risk team, Yifu Diao and Ming Fang came to realize that with the hypergrowth the company was seeing came fraud challenges. When Fang joined Uber’s risk team in 2016, there was a need to use Mastermind at dispatch time — when drivers and riders are matched.

Fintech 204