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.
The iPhone Battery Percentage Is Back Where It Should Be In iOS 16 Beta 5
The iPhone battery percentage icon in the status bar has returned with the new release of iOS 16 beta 5. All iPhones leading up to the X display battery percentage in the status bar, but Apple sacrificed the convenience of the icon in favor of the then-groundbreaking notch design, which left little room for status bar data. Now, it looks like the company has figured out a way to do both.
On the models prior to the iPhone X, the battery percentage was displayed next to the battery icon. With the new design, the percentage is housed inside the battery icon, leaving space for other status bar data like Wi-Fi and cell signal information. Users no longer have to go through the hassle of opening the Control Center to check their battery level. When an iPhone running the latest iOS 16 beta is in Low Power Mode, the battery icon changes to yellow while still displaying the percentage. When charging, the battery icon turns green and shows a small charging icon next to the percentage.
The new indicator is available for the iPhone 12 and iPhone 13 models, excluding the iPhone 12 and iPhone 13 mini, as well as on the iPhone X and the iPhone XS models. If you have an eligible model and you are already running iOS 16 beta, first update to beta 5, then go into Settings, Battery, and then Battery Percentage to enable the feature. According to CNBC, Apple hasn’t said whether the new feature will make it to the final cut of iOS 16, but our fingers are crossed hoping it does.
Can Your iPad Get A Virus From Safari? Here’s What We Know
As with any other source of access to the internet, it’s possible to get viruses depending on which websites you visit and what you do on them. There are many websites out there with less than good intentions, and from these, there is a potential for harm. Apple isn’t wrong about the extent of its security measures, though, when it comes to its devices. The iPhone, like the iPad, does have a layer of security already built in, with iOS keeping each app separated from the others. This makes it harder for viruses to infect the device and spread (via Apple.)
However, you do still need to be careful about what you do when you’re using the internet on your iPad. Although viruses are unlikely to happen, malware (or malicious software) is still possible. If you visit suspicious sites promising things too good to be true, don’t appear legitimate, and/or that prompt you to download files to your iPad, you’ll want to be very wary of the site and refrain from completing any download. If you have jailbroken your iPad, you’ll want to be even more careful, as this opens it up to security issues. In general, if a site is asking you to give up sensitive information such as bank information or your credit card, you’ll want to be extra careful. Only buy things from sources you trust.
DJI Avata Leak Teases A Drone You Can Fly Indoors
Leaks suggest that the Avata will rely on three-inch propellors with a ducted design, while the mounted camera’s movements will be limited to a single axis of rotation. Alleged images of the package also appear to confirm the DJI Avata branding. The leak also mentions the ability to shoot stabilized videos at 4K resolution, a built-in propellor guard, low-latency transmission for high-resolution visuals, and a palm-sized build.
The box of Avata!
It will be released shortly. pic.twitter.com/D4frzJCOHR
— OsitaLV (@OsitaLV) August 7, 2022
If the leaked retail box imagery is to believed, the next DJI offering will come bundled with accessories such as the Goggle 2, the new Motion Controller, flight battery, headband, spare propellors, USB-C cables, lanyard, screen protector, an eyeglasses frame, and a dual-band antenna to name a few. However, it must be noted that wearing the Goggles 2 will put the small drone out of the line of sight, which means you will need a spotter. It might also be a legal headache in some regions with strict drone regulations.
— Attacco dei Giganti (@AttaccoG) August 6, 2022
For folks only intending to use it for indoor video capture (or, perhaps, to participate in drone racing), the restrictions might be a tad easier. Unfortunately, DJI hasn’t shared any official details about the Avata FPV drone’s release. However, given the recent FCC appearance of the DJI Avata alongside the Goggles 2, it is quite evident that an official debut is likely just around the corner.
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