Startup Roundup June 21, 2016


Keep an eye on Norway: Its startup scene is about to go huge | TechCrunch

I spent a lot of my formative years in Norway, and have been periodically checking in on the Norwegian startup scene. The first time I went and had a look around was about five years ago, and what I found back then was pretty dismal. 


Twitter pays $150m for London AI startup Magic Pony

witter has acquired London artificial intelligence startup Magic Pony for around $150m (£102m), according to sources close to the company.  


Europe tech start-ups valued at $1bn dwindle — FT.com

The number of European technology start-ups reaching a valuation of $1bn or more fell in 2015, but the sector is generating strong revenues compared to its US equivalent, according to new research. 


Is Hong Kong A Sustainable Location For Entrepreneurs And Startups? – Forbes

I’m writing this while flying from Beijing back to Tel Aviv, I spent time in Hong Kong (later in Beijing) at the startup-focussed RISE conference. This indeed was an interesting trip. 


Kellogg’s creates a new fund, 1894, to back food and related startups | TechCrunch

Instead of two scoops, here’s one big one– the Kellogg Company is launching a corporate venture arm called Eighteen94 Capital (1894) to invest in food and food-related tech startups. 


Startups get much awaited tax exemptions from CBDT on investments above fair market rate

In a major incentive, startups can now issue shares to investors at higher than fair value without worrying about tax consequences. The Central Board of Direct Taxes (CBDT) has notified the much-awaited tax exemption on investments above fair market rate for startups. 


7 Ways Leaders Can Shape A More Meaningful Startup Culture – Forbes

It doesn’t take a genius to realize that it’s going to take more than a beer keg and an in-house masseuse to drive sustained performance of your startup. 


Seeding startup success | Bangkok Post: business

The entrepreneurial spirit in Asia is strong but innovative internet-based businesses need support and guidance on many fronts.


Startups get much-awaited tax exemptions – The Hindu

In a major incentive, startups can now issue shares to investors at higher than fair value without worrying about tax consequences. 


Startup spending guide: When freebies will do | TechCrunch

This is the second installment in the StartupSpending Guide series, where we are exploring how early-stage startups should spend their non-payroll money.  


A look at Amsterdam’s electric startup scene | VentureBeat | Entrepreneur | by Amir-Esmaeil Bozorgzadeh

After my recent coverage of virtual reality startups in the Netherlands, a wave of curiosity splashed into my inbox with people asking for insights about the secret sauce the government and private sector have in their hands. What is the formula that has allowed the country to catapult onto the center stage of the global startup scene in these past few years? 


You Need A Motivated Startup Team To Change The World – Forbes

I was shocked to read an old Gallup study that indicates only 13 percent of employees worldwide are actively engaged at work, and more recent data shows only a small change in the right direction. In my own experience as a startup advisor and mentor, I find that entrepreneurs who can’t attract and maintain a highly motivated team rarely even get off the ground. 


Israeli start-ups to compete with US, Europe for China award | The Times of Israel

Eight Israeli start-ups will vie with each other at an event in Tel Aviv on June 20 for a chance to compete against startups from the US, Europe and China at the finals of the Global Innovation Awards 2016 to be held in Beijing this August. 


American PR Man for Israeli Startups Killed in Tel Aviv Crash – Bloomberg

Alan Weinkrantz, a serial promoter of Israeli high-tech startups to American audiences, was killed when a driver lost control of his car and smashed into a Tel Aviv restaurant. 


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