Unicorns have added $1 trillion in value over past year

Less than two weeks ago, we published an article with the headline “2021 is a unicorn frenzy.” At that point, there had been 199 new unicorns (private companies worth $1+ billion) created this year, per Crunchbase—up from 163 last year and the most in a decade. Link:...

SoftBank Prepares $5 Billion For Latin America Funding

SoftBank Group Corp. plans to invest an additional $5 billion in Latin American companies, according to people familiar with the matter. Link: https://www.bloomberg.com/news/articles/2021-07-09/softbank-said-to-prepare-5-billion-for-latin-america-funding

The Latin American Startup Opportunity

Just over a decade ago, a bright young MBA student from Stanford walked into Sequoia’s offices on Sand Hill Road and fervently articulated the opportunity for startups in Latin America. That student was David Vélez. Link:...

Pentagon Scraps $10 Billion Cloud Deal Award to Microsoft

The Pentagon scrapped a $10 billion cloud-computing contract awarded in 2019 to Microsoft Corp. after several years of wrangling between the government and some of the biggest U.S. tech companies over the deal, indicating it plans to divide the work between Microsoft...