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Mobile News - Week of October 18, 2021

Issue #156 — View online — Suggest a link
Mobile

The latest news and information about startups and innovations from the mobile world.

Happy Saturday!
2021 is becoming a blockbuster year for venture and startup investing with over $158.2B in funding in just this quarter. I enjoyed reading this CBInsights State of Venture report. Sequoia Capital China is the new #1 investor by the number and completed 96 deals in 90 days. That’s 1.5 deals per business day! With a total of 848 unicorns now on the planet, the industry is on fire! 
Kari McMahon from Business Insider wrote a nice profile piece on Race Capital. =) Reflecting on what I have learned as an investor over these past 7 years:
  • As an investor, we are only as good as the next investment we make.
  • Our past glory can get us access, but does not mean you deserve to invest.
  • Investing in seed stage is about getting comfortable with feeling very uncomfortable and investing in things that you don’t understand. If you want to understand 100%, then better to focus on later stage investment
  • The future will be created by founders who are literally half your age. =) You better get used to it.
  • Investing is only a small part of the venture business. Portfolio management, portfolio support, taking care of partners, LPs and founders take discipline, love and care.
  • FOMO is our worst enemy.
  • Don’t take yourself too seriously. Otherwise you may either get a heart attack or become an asshole.
I still consider myself as a baby VC. What are your thoughts? 
P.S. Race Capital portfolio companies are hiring!  Check out our job board
P.P.S. Catherine Shu from Techcrunch was able to join FoundersHK Demo day last week and wrote up a great summary on all of the companies.  
Here are the top mobile news this week >
  • TikTok - Go after eCommerce
  • Facebook - Unfollow Everything Ban
  • Moya - South Africa’s WhatsApp competitor
  • Instacart - Workers urge customers to delete app
  • Brazil - Pix - New Mobile Payment App
  • OPPO - 440M MAU for ColorOS 
  • LinkedIn - Bye bye China

TikTok owner ByteDance is building an international shopping platform, taking on Alibaba and Amazon
South Africa’s WhatsApp competitor that doesn’t use data
Facebook permanently banned a developer after he made an app to let users delete their news feed
Pix Mobile Payment: How Brazil’s Central Bank Launched Platform
OPPO says it has 440M MAU for ColorOS
Sunset of Localized Version of LinkedIn
Techstars Startup Digest Mobile is curated by:
Edith Yeung Edith Yeung - General Partner at Race Capital
edith.yeung@startupdigestmail.com
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