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International growth, primarily in China, fuels the VC market today – TechCrunch

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The venture capital business model has gone global. VC is still an exclusive club of financiers, but now with worldwide scope and scale.

According to Crunchbase projections Crunchbase News reported in Q3 2018, worldwide VC deal and dollar volume each set new all-time records. In the U.S. and Canada, deal volume declined slightly from Q2 highs but growing deal sizes pushed total dollar volume to new heights.

Much of this global growth comes from markets outside the U.S. and Canada. A recent collaborative study between Startup Revolution and the Center for American Entrepreneurship indicates that Beijing, China was the city that contributed most to global growth in venture capital investment growth.

Here’s the geographic breakdown of projected deal volume over time. Note a somewhat choppy growth pattern in U.S. and Canadian deal volume, and compare that to a more consistent growth pattern in international deal volume. (For more about how and why Crunchbase makes these projections, check out the Methodology section at the end of the global report.)

In rapidly growing startup markets like China, venture deal volume is also at all-time highs, though venture dollar volume is down slightly.1 For the Asia-Pacific region as a whole, venture deal volume is up roughly 85 percent from the same time last year. Reported deal volume in China is up more than fourfold during the same period of time.

The rise of China’s venture market may be best seen from a city-level perspective. Below is a chart displaying the 10 most active startup cities in Q3, ranked by count of venture deals for each city as reported at the end of Q3. (The Methodology section of the global report also explains what “reported” data is and how it’s used.)

Of the top 10 cities displayed above, only three countries are represented. If it weren’t for the rest of Silicon Valley bolstering the Bay Area’s numbers, Beijing would beat out San Francisco in raw deal counts. (But, then again, Beijing is home to three times as many people as the entire Bay Area.)

Using deal and dollar volume as rough metrics for vivacity (if not necessarily health), this spread in VC activity could be seen as a good thing for the market as a whole. A rising tide of global VC activity lifts all startup markets, worldwide. However, much of that growth is still concentrated in just a few big markets.

The worldwide expansion and local reinterpretation of the Silicon Valley venture capital investment model is a phenomenon with which market participants (founders and funders alike) must reckon. Founders are responding by raising lots of money in ever-larger rounds, hoping that big investor checks are enough to buy large chunks of growing markets. Investors, in turn, are raising ever-larger funds to satiate these companies’ seemingly bottomless appetites for capital.

As in most mega-trends, participants who fail to adapt to changing market conditions will end up on the losing end of the market cycle.

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Major Espresso Machine Brands Ranked Worst To Best

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Made in Italy, Lelit holds a prominent position among top-tier espresso machine manufacturers. While it may be one of the smaller Italian brands, Lelit has made a name for itself by crafting high-caliber machines. The company takes pride in its Italian roots and every Lelit machine is designed and manufactured in Italy.

Given the quality Lelit upholds, their machines come with a premium price tag. They fit the needs of businesses and quaint cafes. However, their cost might place them beyond the reach of the average household unless they have considerable disposable income or have been saving up for one. The Victoria, Lelit’s entry-level model, costs about $1,000, while their flagship, the Bianca, can be priced upward of $3,000. For such an investment, owners receive a café-grade espresso machine laden with top-notch features. Lelit’s machines are known for their precision in temperature regulation via electronic sensors, strong stainless steel construction, and sleek design.

They’re not as large as industrial-designed espresso machines, but they produce the same quality in a compact and aesthetically pleasing design. The higher-end model comes with carved wooden handles and knobs while their entry-level products use plastic in their design.

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It Sure Looks Like Microsoft Will Get To Buy Activision After All

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Although consultation on this new proposal doesn’t end until next month, the government body said this new plan overall “makes important changes that substantially address the concerns it set out” when the first proposal was submitted. It noted that it would quell the concerns that big franchises such as “Overwatch,” “World of Warcraft,” and “Call of Duty” would be under the sole control of Microsoft for cloud gaming.

However, the CMA still worries that certain aspects of the deal might not be fully upheld. It noted that Microsoft has assured that this would not be the case, as the terms will be enforceable by the CMA. Colin Raftery, senior director of mergers and Phase 1 decision maker, said, “With additional protections to make sure that the deal is properly implemented, this will maintain the structure of the market, enabling open competition to continue….”

If the CMA finds this proposal to be acceptable, Microsoft is still not in the clear. Another ongoing consultation about the acquisition determines if Microsoft can purchase any part of Activision, excluding the previously mentioned cloud services. Both consultations will be open until October 6. With the FTC’s go-ahead and the CMA’s acknowledgment that Microsoft is headed in the right direction, this deal could be getting off the ground sooner rather than later.

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Why The iPhone 15 Pro Max Might Just Win You Over Even Before You Turn It On

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The recent downside to that, though, came with the switch in Apple’s design language to squared-off edges. That transition, on the iPhone 12, wasn’t exactly new — in fact, it was heralded as a welcome nod back to one of the most popular designs in the Cupertino firm’s back catalog, the iPhone 5 — but it was the first time we’d seen that crisp aesthetic with such big screens on the iPhone 12 Pro Max.

As anybody who has used any of the Max-scale models since then will probably have discovered, there can be a downside when it comes to your fingers.

To be blunt, the iPhone is sharp. Whether using the iPhone 14 Pro Max one- or two-handed, I’d typically support the bottom edge with the little finger on my right hand. 240 grams may not sound like a lot, but when it’s all pressing down on one narrow edge, on the sensitive skin of your weakest finger, after a while you notice it.

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