By Edith Yeung

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

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Mobile News - Week of October 4, 2021

Happy Saturday!I traveled to Los Angeles for the very first time since the pandemic began this past week and spoke at Saastr on the topic of Launching Your Startup From $0 to $10M in Revenue. Check out my super fun meme-based slide.My partner Alfred Chuang wr…


Mobile News - Week of September 20 2021

Happy Monday!  I just committed to speak at Web Summit Lisbon this year on November 1-4.  Yes I am traveling!  My very first international flight after almost 2 years.  Check out this 20VC interview with Sequoia’s Doug Leone.  It’s inspiring for me as a baby …


Mobile News - Week of September 13 2021

Congrats to team Solana (one of my portfolio companies) for climbing to seventh in the Crypto Top 10! Solana is slowly becoming the de facto standards for DeFi and NFTs. Here are the hundreds of projects now building on Solana.On October 4th at 6 pm PST, Foun…


Mobile News - Week of September 6 2021

Congrats to Databricks for closing $1.6B Series H funding led by Morgan Stanley with participation from us - Race Capital! My partner Alfred first met Ion Stoica and Ali Ghodsi in 2013 while they were still working on the idea of Spark - data analytics in the…


Mobile News - Week of August 30, 2021

2021 is flying by... I cannot believe we are only one week away from September.Among its many indirect impact, Covid-19 has led to a startup boom in the US. The number of applications for new businesses in the US grew 24% last year to 4.3 million, the highest…


Mobile News - Week of August 9, 2021

Many of you know that I am originally from Hong Kong. Despite all the social unrest, eight Hong Kong companies have now crossed the $1 billion valuation unicorns status.Collectively, they’ve raised over $5.46 billion in sectors ranging from crypto to logistic…


Mobile News - Week of July 26, 2021

Join me, Race Capital and Laela Sturdy at CapitalG at this super fun Extra Crunch Live TechCrunch pitch-off next Wednesday Aug 4 at 11:30 am!It is usually a combination of an interview with a founder/investor duo and an audience pitch-off. But as it is summer…


Mobile News - Week of July 19, 2021

One of our portfolio companies FTX: Cryptocurrency Derivatives Exchange just raised the largest round for any crypto exchange.Here are their highlights:⛳️ FTX was founded in May 2019💰 Raised $900M Series B at $18B valuation♻️ $10B daily trading volume📈 75X gr…


Mobile News - Week of July 12, 2021. Race Capital is Hiring!

We are hiring Director of Operations at Race Capital 🏎️🏎️🏎️!We believe that timing is everything and it’s all about the people. We are looking for someone who wants to help change how the world works as our Director of Operations and manage our internal opera…


Mobile News - Week of July 12, 2021

I am thrilled to announce our Race Capital seed investment in Opaque Systems - Ion Stoica's (founder of Databricks) latest company.Opaque will redefine how the world analyzes encrypted data in the cloud.  The team is building a full stack data infrastructure …


Mobile News - Week of June 28, 2021

Where Is the crypto and blockchain industry headed in 2021?Sam Bankman-Fried, founder and CEO of FTX (one of our Race's portfolio companies) talked about what's next for Bitcoin on Yahoo Finance. Here’s a brief summary of his interview + my thoughts on the cu…


Mobile News - Week of June 21, 2021

This week, my partner Chris McCann wrote an extensive piece on DeFi Infrastructure 101 — Overview & Market Landscape and this quickly became #1 when you google "DeFI Infrastructure". This article delineates Race Capital's view on Decentralized Finance (De…


Mobile News - Week of June 7, 2021

I am very excited to announce the launch of the FoundersHK Accelerate Program.  The applications for the FoundersHK Accelerate Program are now open till July 12th, 2021.  We want to help you, Hong Kong founders, to speed up your growth regardless where you ar…


Mobile News - Week of May 31, 2021

Tech M&A has totaled $136.2 billion in 2020, more than double the year-ago levels. This is according to data provider Dealogic as reported by Kane Wu's from Reuters. COVID-19 has forever changed how businesses operate, communicate, sell, market, and recru…


Mobile News - Week of May 24, 2021

Big congrats to Jack McDonald, Arthur Britto (founder of Ripple) and the Polysign team for raising Series B led by Cowen!I am excited that Race Capital got to participate in this round. Cowen holds over $12 billion in assets under management and they are one …


Mobile News - Week of May 10, 2021

I finally got my second shot of the vaccine last week!  With all the partners at Race now vaccinated, we will all be meeting again in person like normal soon. =)Meanwhile, nothing has slowed us down. We have been super busy issuing term sheets and convertible…


Mobile News - Week of May 3, 2021

Big congrats to Noam Ben-Zvi and Team for raising Series B! I am honored to be an investor and part of their journey since 2017. collects geolocation data from mobile devices users, and creates anonymized and aggregated consumer profiles. …


Mobile News - Week of April 19, 2021

I am hosting a FoundersHK FinTech Investment Talk with Catherine Zhou, Global Head of Ventures, Digital Innovation & Partnerships at HSBC on Catherine is the Global Head of Ventures, Digital Innovation & Partnerships at HSBC. She is driving group leve…


Mobile News - Week of April 12, 2021

Four months into 2021, US venture funding reached $64 billion with some mega funding events like Cruise’s $2 billion round led by Microsoft and GoPuff's $1.15 billion round led by Softbank. Who else is leading these mega rounds? Here is a short list: Franklin…


Mobile News - Week of April 5, 2021

The need for technological change in education has been exacerbated by the COVID-19 pandemic. According to the United Nations, 1.6 billion students in 190 countries, approximately 94% of all students in the world, saw their schools temporarily closed due to t…