The Luxury Leader: Sonia Cheng – How the CEO of the Rosewood Hotel Group Manages Her Empire?

Sonia Cheng, CEO of the Rosewood Hotel Group Manages Her Empire. She Is Overseeing a Portfolio of 67 Properties Globally and a brood of four young children at home, Cheng appears to be juggling it all.

The Harvard-educated entrepreneur Sonia Cheng comes from a $20 billion Hong Kong family with roots in jewelry and real estate and worked in investment banking and private equity before taking the helm of her family’s Rosewood brand – Rosewood Hotel Group in 2011, becoming its CEO at age 30. She spoke to CNBC about revamping hotels for a new generation — from the Carlyle in New York to the Crillon in Paris.

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No detail is too small for Sonia Cheng to consider when it comes to personalizing the properties in her Rosewood Hotel Group. That goes especially for the new Rosewood Hong Kong, which the 38-year-old CEO opened earlier this year in her hometown on the waterfront property that her grandfather first developed more than four decades ago. “I know exactly what 
is lacking in the hotel market here and what Hong Kong 
people would want to see,” says Cheng, sitting in the hotel’s commodious bridal suite inspired by her own search for wedding venues. “Every Rosewood property has an individuality where it celebrates the local culture.”

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What’s the biggest challenge of running a company?

Hiring and developing the right people. It’s a people business. So, managing different personalities, different backgrounds, different skill sets, being able to identify the strengths and weaknesses: It’s crucial for the business.

What do you look for in an employee?

Passion, humility and being collaborative.

What’s the best business advice you were given?

My father and my grandfather gave me lots of advice. My father always emphasized that people will make your business successful. My grandfather was a very humble man even though he was so successful. That was also how he built a really great loyal team that helped build his empire.

What’s the first thing you do when you get into the office?

As soon as I arrive, it’s straight to the emails.

Your biggest pet peeve at work?

Texting on the phone or when people get distracted by the phone when we’re in a meeting.

Your preferred form of communication?

I’ve been using WhatsApp a lot. It’s quick and easy messaging. But email still works because it gives you time to think before responding. Sometimes with WhatsApp, because you know people are waiting for your reply, you can be too hasty. In the end, an in-person meeting is best to encourage transparency and communication. That’s what holds a culture together.

What do you do every day to keep yourself sane?

I try to fit in a workout. I run on a treadmill at home or take kickboxing and circuit training classes near our office. It’s quite efficient, like 45 minutes.

What would you tell your younger self?

When I was younger, I was even more impatient. I tended to want to move things very quickly, sometimes too quickly. It’s important to take the time to really think through strategies and decisions. That would be something I would advise my younger self.

What’s something that you would want to improve in your work life?

Work-life balance. I’m always trying to find a good balancing point. It’s never easy. I think trying to find time for myself is important.

Do you believe in to-do lists?

I do. My list is so long. It’s never-ending.

How do you cultivate female leadership in the company?

We don’t actually make an effort to make sure that we hire women. We hire for the skill set rather than gender. For some reason, most of our senior leadership is female. It’s just natural.

Read more info via:
https://www.cnbc.com/sonia-cheng-the-rosewood-ceo-on-her-family-and-her-hong-kong-hotel
https://www.rosewoodhotels.com/en/default
https://www.rosewoodhotels.com/en/hong-kong

Claire Chen, Founder of MOQI Brand’s MOQIPEOPLE digital magazine, Speaker at Horasis Global Meeting 2019

默契人MOQIPEOPLE INSIDER:
#GlobalSummit #horasis #April6to9
#HorasisGlobalMeeting2019 #Cascais
#4thHorasisGlobalMeeting #Globalization
#TheForemostGlobalSummitOfTheYear
#thoughtleadership #Entrepreneur #Enterprise
#Startup #VC #Corporations #Corporategovernance

Claire Chen, a founder of 默契MOQI Brand – a startup digital magazine of 默契人moqipeople.com is thrilled and honored to speak at the upcoming 2019 Horasis Global Meeting on 6-9 April, to talk about “Enriching Diversity in the workplace” with discussions set to revolve under the theme of “Catalyzing the Benefits of Globalization” to ‘Inspiring our Future’ in the City of Cascais; the Horasis Global Meeting is led by Chairman Frank-Jürgen Richter, co-hosted by the Portuguese Government and the City of Cascais.

The 2019 4th Horasis Global Meeting gathers over 800 senior world leaders from business, government, academia, and civil society will gather in the enchanting fishing town of Cascais, one of Europe’s legendary seaside resorts of Cascais located just 30 minutes from Lisbon Airport.

Startups to join power brokers at 4th #Horasis Global Meeting in Cascais, Portugal, 6-9 April. At the four-day conference, startups will meet with world leaders to discuss key issues in economic inequality and the day’s persisting social dilemmas, politicians and business leaders will meet to debate and advance policies that can give rise to a more fair form of globalization, capable of nurturing and sustaining economic development globally to the benefit of all segments of society.

Over the course of the four-day of conference event, talks and discussions will be held on topics such as sustainable development, populism, climate change, cryptocurrencies, the next financial crisis, immersive technologies, diversity in the workplace, the fourth industrial revolution, the post-truth era, halting sexual harassment, modelling sustainable migration, blockchain, AI and many more.

The event will gather a long list of the world’s most prominent leaders. Among the political leaders to attend will be António Costa, Prime Minister of Portugal, Armen Sarkissian, President of Armenia, Hage G. Geingob, President of Namibia, Ilir Meta, President of Albania, Juliane Bogner-Strauß, Federal Minister for Women, Families and Youth, Austria, Guillermo Dietrich, Argentina’s Minister of Transport, and Sahar Nasr, Egypt’s Minister of Investment and International Cooperation. Joining them will be numerous CEOs and representatives of the world’s most respected corporations, including José Manuel Barroso, Chairman of Goldman Sachs International, Galia Benartzi, Co-Founder of Bancor, Deborah Wince-Smith, President, United States Council on Competitiveness, and many others.

Horasis – a global visions community dedicated to inspiring our future – provides a unique platform for companies to globalize their organizations. In addition to the Horasis Global Meeting, Horasis hosts summits with a focus on China, India, and South East Asia. Horasis have been called a ‘World Economic Forum for emerging markets’ (New York Times)

Via horasis.org
The Global Visions Community
Thurgauerstrasse 40, CH-8050 Zurich, Switzerland
Burgstrasse 8, CH-8280 Kreuzlingen
Switzerland

Read more info via:
The Meeting Report 2018
https://horasis.org/wp-content/uploads/Horasis-Global-Meeting-2018-report.pdf

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默契人MOQIPEOPLE of The Week: #Horasis #GlobalSummit #HorasisGlobalMeeting2018 #TheForemostGlobalSummitOfTheYear What an Excellent Horasis Global Meeting in Cascias! Thanks Super to Chairman Frank-Jürgen Richter hosted the Horasis Global Meeting at the Congress Center, Cascias, Portugal. I am thrilled and honored to share the report of the 2018 #Horasis Global Meeting held in Cascais, Portugal over 5-8 May. I talked about “what are the inspirations?” And “how do we ensure a viable work-life balance? by giving some examples of story telling as ever evolving role of ‘inspired of life’ under the theme ‘Inspiring our Future’. Also a few questions address to our panel section we have discussed: The present chaotic world might be revitalized by an injection of happiness. How can we develop inspirations to counteract negativity? What are the inspirations? How do we ensure a viable work-life balance within the ethics and mores of each nation? • Claire Chen, Founder and Chief Executive Officer, 51 Pegasi, USA • Laura Hermann, Partner, Potomac Communications Group, USA • Saskia Kunst, Founder, Consiglio Corporate Development, The Netherlands • Paul Cayford, Architect, Founder, Principal, Cayford Design, United Kingdom. Chaired by • Jorge Braga de Macedo, Professor, Nova School of Business and Economics; Former Minister of Finance, Portugal The Meeting Report – Shall serve as catalyst to stimulate further thinking on the issues raised at the meeting. Horasis have been called a ‘World Economic Forum for emerging markets’ (New York Times) There were more than 600 senior business world leaders, senior government leaders (including several heads of government and key ministers) and academicians from 70 countries gathered together for an unparalleled experience devising novel ideas to sustain and nurture our development in the future – a leitmotiv which follows the newly evolved mission of Horasis. The event was very successful as well as to be the foremost global summit of the year. The Meeting Report – Read more via: https://horasis.org/wp-content/uploads/Horasis-Global-Meeting-2018-report.pdf https://instagram.com/p/Bjs43kqBfrN/

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Over 800 World Leaders Around The World To Gather At The 2019 Horasis Global Meeting For A Vision Of Development On Sustainable Globalization

MOQIPEOPLE INSIDER:
#The2019HorasisGlobalMeeting #dialogues #globalization #economics
#politics #cascais #horasis

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Over 800 World Leaders Around The World To Gather At The 2019 Horasis Global Meeting For A Vision Of Development On Sustainable Globalization

This April 6th-9th marks the 4th Horasis Global Meeting in Cascais, Portugal.

The fourth global meeting Horasis Global Meeting 2019 will bring together over 800 world high-level business and government leaders, including those from the U.S., will gather in the enchanting city, offering an ideal platform to explore and foster cooperation, impact investing, and sustainable growth across the world. To engage in discussions that revolve under the theme: “Catalysing the Benefits of Globalization.” And with the aim of fostering innovation and entrepreneurship.

After its creation in 2016, Horasis launched by Dr. Frank-Jürgen Richter, Horasis was founded on the principle that tackling the world’s most pressing economic, social, and political issues necessitates productive dialogue and collective collaboration. The Horasis Global Meeting has become one of the world’s foremost discussion forums, thanks to its dedication in advancing collaborative solutions for sustainable growth.

Horasis: The Global Visions Community is an independent international organization dedicated to inspiring our future. Horasis is a visions community – together with our members we explore, define, and implement trajectories of sustainable growth.

Horasis hosts annual meetings to advance solutions to the most critical challenges facing corporations today. Among the participants are the Chief Executive Officers of the world’s most respected corporations as well as key business leaders from emerging markets. Also participating are renowned thought leaders and relevant public figures including heads of government and ministers.

Horasis is using its unrivalled history of partnership with corporations from emerging markets to create a powerful platform for cooperation between emerging and developed markets. From the first meeting in 2005, annual gatherings have been held around the globe. The flagship events are the Horasis Global Meeting as well as regional summits focusing on China, India and South East Asia.

This year’s discussions will include sustainable development, populism, climate change, cryptocurrencies, the fourth industrial revolution, diversity in the workplace, and blockchain, among others.

The 2019 Horasis Global Meeting conference event will gather a long list of the world’s most prominent leaders. Among the political leaders to attend will be the Prime Minister of Portugal, António Costa, the President of Armenia, Armen Sarkissian, and the heads of state from Albania and Namibia. Joining them will be numerous CEOs and representatives from the world’s highest earning corporations, including José Manuel Barroso, Chairman of Goldman Sachs International, Galia Benartzi, Co-Founder of Bancor, and Deborah Wince-Smith, President, United States Council on Competitiveness.

2018 Horasis Global Meeting

Additional speakers include José Manuel Barroso, Chairman of Goldman Sachs International, Galia Benartzi, Co-Founder of Bancor, Deborah Wince-Smith, President, United States Council on Competitiveness, and others.

Bloomberg Interview of Frank-Jürgen Richter, Chairman, Horasis

Frank-Jürgen Richter, chairman at Horasis, previews the upcoming Horasis Global Meeting that will bring together 600 CEOs and discusses French President Emmanuel Macron’s visit with U.S. President Donald Trump, and the future of trade. He speaks with Bloomberg’s Mark Barton on “Bloomberg Markets.” (Source: Bloomberg, 25.04.2018)

“Horasis was founded on the principle that tackling the world’s most pressing economic, social, and political issues necessitates productive dialogue and collective collaboration,” said Horasis Chairman Mr. Richter. 

The 2019 Horasis Global Meeting is co-hosted by the Portuguese Government and the City of Cascais. The event will be held at the seaside resort of Cascais.

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Watch and read more info via:

Home


https://www.linkedin.com/company/horasis/about
https://www.facebook.com/HorasisOrg

4th Horasis Global Meeting gathers over 800 senior business and government leaders, aiming to foster innovation and entrepreneurship

Global gains, local losses? Frank-Jurgen Richter, chairman of Horasis RT — Worlds Apart
https://www.rt.com/shows/worlds-apart-oksana-boyko/452902-economics-justice-globalization-trump/?fbclid=IwAR28xzraFS1NmSvRz6CB2xFsH9fVmWteP5hZoc2IkbVLyzwcH3YvgmbylLM

Heads of State and World Leaders to Convene at Horasis Global Meeting 2019 to Explore How Best to Catalyse The Benefits Of Globalization – Colombia Focus

Heads of State and World Leaders to Convene at Horasis Global Meeting 2019 to Explore How Best to Catalyse The Benefits Of Globalization

Leaders from around the world will debate at Horasis Global Meeting 2019 on sustainable globalization

Líderes de todo el mundo debatirán en Horasis Global Meeting 2019 sobre la globalización sostenible

World Leaders to gather at Horasis Global Meeting for a vision of Development

World Leaders to gather at Horasis Global Meeting for a vision of Development

Exclusively Interview With Jim Breyer the Founder and CEO of Breyer Capital on LIVE Davos 2019 – The World Economic Forum in Davos, Switzerland

 

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MOQIPEOPLE INSIDER:

Exclusively Interview With Jim Breyer the Founder and CEO of Breyer Capital on LIVE Davos 2019 – The World Economic Forum in Davos, Switzerland

Sara: Welcome back to Squawk on the street live CNBC from the World Economic Forum in Davos, Switzerland.

Sara: Joining me now is Jim Breyer the founder and CEO of Breyer Capital, he was also an early investor and Facebook sat on the company board for a decade wears many hats talking about AI and much more.

Sara: Welcome Jim, nice to have you.

Jim: Sara, a pleasure…thank you!

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Sara: I actually wanted to start up of David was talking with Viacom. Earlier they made a deal today to buy a streaming service TV you’re on the board of 21st Century Fox. How can all of these companies have their own streaming services? How many streaming services can we have?

Jim: We have dozens of streaming services but there will be dozens that are highly unprofitable there’s no doubt Netflix and Amazon were very much at the forefront of my 21st-century, Fox and Disney decided that grade scale matters and whether it’s Comcast the parent company that course reported nice numbers today like your parent company. Absolutely, 21st-century, fox and Disney there will be a couple other major studios and it’s not unlike the technology business.

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Jim: My view is there are 3 to 5 very important worldwide media companies going forward. There are 3 to 5 technology companies that are going to be truly important. And it’s also great time to be a TV script writer, television producer, independent software AI developer building on the cloud services and some very optimistic about not only entrepreneurship and innovation, which is represented in today’s Viacom transaction but the opportunity to use a lot of the new technologies around cloud services to build wonderful businesses or nonprofit.

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Sara: But you said you see the big players really owning the world is streaming so what does that mean is there’s room for new fox to start streaming services?

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Jim: My view though is 10 years from now as an investor. The top 20 companies in the world by market cap will be in the US and China, 18 of the 20 will be technology oriented, but that also means AI first or technology first whether it’s Comcast or Disney or Facebook, Netflix, Google, Tencent others what really matters is building a great customer and enterprise software experiences and I do believe I am two years in to an AI 10 year investment strategy. I made six investments AI last year after receiving approximately 10,000 AI business plans and they run the game from cancer research to helping police forces do a better job to helping our troops all around the world have better information.

Sara: Who’s winning? The US or China on AI it’s running that race?

Jim: It’s never a soundbite but it makes the space race look tame in certain areas like facial recognition China is far ahead, in security solutions sold into governments, the US is catching up but we need to move faster, in areas like devices are of those Korea and Japan on the display devices but in semiconductors, the US has at least a five-year lead which is why I love Nvidia and Intel so many of the semiconductor stocks long-term. There will be slowdowns but the US far away has at least a five-year lead when it comes to semiconductor technologies.

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Sara: How you played out in the public market as explosion of growth of AI?

Jim: I like it with some of the great software companies Salesforce, Microsoft many of the enterprise software companies that are selling into businesses and commercial accounts. I would buy Microsoft again and again and hold it and I do really like what would be the FAANG stocks, forgetting about valuations for a moment because I’d like to spend 2 to 3 years on public equity holdings. And then for private companies that I’m investing in many of them partnering with salesforce and Microsoft Oracle and others it’s a 7 to 10-year bet.

Jim: Facebook in 2005 Mark was 20 and I was there, and I helped navigate very treacherous public offering as we all remember that piece fundamental business is long-term are so important and Instagram may be even with all the accolades the most underrated application in the world.

Sara: Well, 2018 was another turbulent period for Facebook, loosing public trust, what does 2019 hold tight?

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Jim: I’ve heard. I just hate to throw darts and pile on when a lot of people are, but Facebook and I sent this to Sheryl, and I said this to Sheryl and Mark and others we as Facebook should’ve been much more transparent much more out front and I hope, and I believe 2019.

Sara: So, do they get it?

Jim: I believe Mark really gets it, but I have a long-term buyer. I feel Mark Zuckerberg is a genius.

Sara: Does he deserve to be CEO and Chairman, or should they split that?

Jim: He deserves to be CEO and chairman and Sheryl Sandberg deserves president and they’re terrific and they’re a great team and this is one of the idiosyncrasies of the world we live in. I really believe in chairman and CEO for founders and young companies being in charge and whether it’s media companies whether it’s the best technology companies whether it was of the emerging AI companies where I’m spending a lot of time very often with Chairman and CEO.

Sara: Even when that company is going through the turmoil that Facebook is going for what’s the real execution and leadership questions?

Jim: There been terrible decisions in many cases and I really believe that it’s not a function of the chairman CEO being in the same position up but then again, it’s a venture capitalist my big successes and is a technology investor the biggest successes is open the chairman and CEO in the same spot.

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Sara: Very quickly want to ask about China because you have been in China for more than a decade and very bullish on it cross-border deals and dried up completely can you invest in China right now during this trade war?

Jim: And the answer is yes, and I’ve been investing in China for 15 years. The team I’ve worked with investors series A Tencent and Baidu another we continue to make significant investments in China and will continue to do it. But the Internet and a lot of the opportunities in China and US diverged. But I’ll remain very active.

Sara: They don’t get approval to work together.

Jim: They do not get any approvals to work together cross-border investing for now is dead. But 3 to 5 years from now, I’m still very optimistic up. It’s really helpful for US companies in Chinese companies to build often together in different parts of the world. India will be the next show then for the market.

Sara: We can talk to you for hours about all these big topics. Thank you for sharing some of your time here.

Jim: Thank you.

Sara: Thank you so much for Jim Breyer, Breyer capital.

Originally published at www.iqmediacorp.com on Aired: January 23, 2019 at 10 am EST.

AI SUPERPOWERS Dr. 李開復Kai-Fu Lee

默契人MOQIPEOPLE INSIDER:

#AI #李開復KaiFuLee 

 #AISUPERPOWERS2018

Dr. 李開復 Kai-Fu Lee 给大学生的公开课:你该这样做选择

由教育部、创新工场、北京大学联合主办的DeeCamp 人工智慧训练营已经进行两周了。

作为夏令营的讲师,我上周给学生们上了一门AI课。没想到课后学生们咨询我最多的话题是:大学毕业后究竟应该工作,创业,还是读博当老师?也有很学生问AI是不是泡沫了,我们还要不要学等问题。

所以我又找时间跟夏令营的学生们做了一场职业选择问答课,帮大家答疑解惑。以下问答也许对其他学生也有帮助,分享给大家:

话题一:不支持应届生盲目创业

Q1:大学生创业应该怎么创?

我不支持应届大学生创业,在座的每一位现在拿商业计画书给我,我一个都不会收。为什么?因为创业就不是一个刚毕业的学生能做的。创新工场投资了300多个项目,只有两三个是刚毕业的学生做的,比如说旷视科技Face++。

刚毕业的时候,你会经验不足、人脉不够、不懂管理,所有我们担忧的问题,在这个过程中都会发生。所以,没有经验的创业,成功的概率微乎其微。想创业的同学不要那么急,你加入一个公司,快则两年,慢则三四年,再制定商业计画时,我们肯定会更慎重的考虑。

Q2:既然创业不能急,我们该找什么样的公司呢?

我觉得有几个选择:

首先大公司是有优势的,因为它有数据,有好的老板、好的体系,在AI时代有一个好的老板非常重要,要看他在不在乎、懂不懂AI,给不给你用他们的大数据。如果符合这些条件,我觉得国内的这些大公司都可以考虑。

但问题是,进入大公司,你就会被划分到一个个小小的部门,成为大机器的小齿轮,比如说你做技术就只能做技术,你想了解用户体验不可能;或者说你是做训练优化,你就做训练优化,你不要问数据怎么用,也不要担心产品怎么用。大公司不会让你接触到全方位的数据及产业运营。

如果要去创业公司,也可以有几种走法:

第一种,找一个已经走入我们视线的公司,比如Face++、商汤、依图等,进入这样一家做AI的公司,你也会学到很多。他们的规模可能已经几百上千人,但你仍然有机会见识到跨部门的运行。

第二种选择,是去那些非AI的公司,规模虽然不是很大,但有上升的潜力,并且已经认识到AI的重要性。

这些公司的特点是数据多、用户多,日活几千万后,突然发现他们需要AI的支援。当你选择这样一家公司时,你需要确定这个公司是懂AI并且在乎AI,比如说知乎、美图,或者每一个独角兽公司都是可选择的物件。

第三类是非常初创的公司,只有几十个人,比如我们投资的景驰。如果你更多想创业而不是找工作,在小公司里你会学得更多。公司的任何问题,无论产品、使用者、竞争、市场和技术等等,你都会接触到。

对于要创业的人来说,你要乐于接受,因为这是一个对CEO最好的培训,每一个有趣或枯燥的事你都要去做。

但是有一个底限,这家公司最少要有10个人。因为大部分三四个人的公司还是有局限性的,最好是10-50个人的公司。

最后一个建议,你在挑公司的时候,肯定是判断不了公司好或者坏的。我见过口才非常好的创始人,但是公司做的一塌糊涂,我也见到过非常内向木讷、说话无聊到听了就想睡觉的那种人,但是公司却很棒。那怎么分辨呢?

答案很简单,看投资方是谁。你们研究一下,看看有哪些国内或国际基金是可以相信的。这些基金经常出现在各种排行榜上,最好的个人或机构天使、最好的早期、或最好的AB轮早中期投资机构。你们去看看名单,看他们投了哪些项目。创新工场当然是其中之一,但值得尊重的基金至少有50个以上,数量蛮多的。

Q3:如果AI公司不幸在我进入之后倒闭了,接下来的路如何走?

这真是一个很传统但让我害怕的问题。不过你一点都不用担心,如果在座各位进入了前50名VC或天使投资的AI公司,两年之后这个公司倒闭了,我们绝对帮你找到工作,甚至帮你做出下一家公司。

在创业的路上,我们没有失败这个词,只有失业。创业的风险是存在的,但是工程师不会失败,积累的经验永远是加分项。

话题二:工作还是读博?

Q1:听说博士才能进 AI 公司,那我们不是应该先读一个博士?

千万不要相信这个,不排除有一些公司迷信博士,但你们不妨去找找那些寻找AI人才、而不是AI博士的公司,比如说创新工场人工智慧工程院。

当届毕业生,无论是博士、硕士、本科,实力可能相差不大。博士可能读了一个很差的学校,论文有可能根本没出版过,本科生也有学的比博士多的、更厉害的,所以你们要在毕业前这段期间发出光芒,让大家看到你虽然没有博士学位,但你仍然擅长于此。

Q2:如果要读博,国家、导师、学校的重要性怎么排序?

第一个顺序要选导师,第二个选学校,第三选地域。

比如,CMU(卡耐基梅隆大学)现在已经不是老师选学生,而是学生选老师了,这种机制是超级加分的。在CMU叫做marriage process,你去了以后有大概有五六十个老师给你讲他们的科研,最后你要一个个见他们。五六十个导师抢三十多个学生,学生都是很顶尖的。

如果没有这种制度,只是老师选学生的,那你们可以做的是什么?给老师们发Email呀。不要写太多,因为老师时间宝贵,你要写一页就能写完的。在Email里告诉老师你对他有关注,读过他的哪些论文,最后提出你的疑惑或者观点。

发邮件的前提是你真的读懂了文章。因为老师通常会给你回邮件解释,然后你可以回复,“噢,你的解释让我突然茅塞顿开,正好我明年要申请博士班……”。

如果你坚定要出国读AI的博士,美国、英国和加拿的几所大学可以优先考虑。对于大部分的学科而言,英国和加拿大是远远落后美国,但在机器学习方面,加拿大和英国有几所很不错的学校。

Q3:如果进不了好学校,还要读博士吗?

想像一下,你本科毕业后要花三四年的时间在一个三流的学校,写一些没有人读的论文,毕业之后也找不到一个好的教职,那还有什么意义?所以当你们找不到一个好的学校时,我建议你可以先在某个学校读个硕士。 (美国读博不一定要先取得硕士学位)

假设可以进美国前四十的学校,那就先读硕士,再申请前三十名的博士,宁可多花点时间也要读到好学校的博士学位。

还有同学说我读不了好的博士,我读博士后可不可以?我告诉各位,世界上没有博士后这个学位。博士后在美国是什么职位呢?就是找不到工作的博士生帮导师打工的职位,一般顶级博士毕业之后都开始做教职了,很少做博士后的,当然如果是在世界排名第一的学校做博士后,我们另说。

如果你真的进不了好学校怎么办?也不要沮丧,在这些排名略差的学校里面,找找看有没有顶级学校毕业的老师。因为你还要面对的一个现实是,即便你进了一个前十名的学校读博士,恐怕也找不到一个毕业于前十名学校的教师。

我有个非常要好的朋友就是在美国排名前五的大学毕业的,毕业之后想在美国找一个 Tenure EE professor(电子工程终身教职)多难你知道吗?每年申请CMU、MIT、Berkeley教职的有1000多人,但职位只有几个。所以你即便拿到前十名大学的毕业学位,如果你真的想去教书的话,你最好做好最坏的心理准备。

那如果你到一个排名五十名后的学校做教职,那你这一生会很不幸,因为大概也做不出什么成果。你们有谁看过哪一个美国第五十名学校做出什么伟大的研究呢?即便他是美国前五名大学毕业的,这个概率也微乎其微。为什么?因为老师的成果大多来自于学生,你在第五十名的学校能找到最好的学生吗?

但是如果反过来就有机会了,如果你进了前25名的学校,有一个老师他是三年前刚从一个前三名的学校毕业的,跟着这个老师做研究还是非常有希望的,这就是读博士的方向,希望对大家有帮助。

话题三:未来工作与AI

Q1:请问区块链跟AI到底哪个比较好?比较值得投资?

AI确定是会改变世界的,但区块链是一个有比较大的可能性,在未来的一段时间里面改变这个世界。我都比较看好,但很难把两者作比较,因为一个是已知的、一个是未知的。

Q2:请问人工智慧的泡沫期是不是到来了?

人工智慧会在未来15到25年不断成长、改变世界,它的整个产业链也会从CV(电脑视觉)走进NLP(自然语言处理),走向新的领域。

就像25年前,网路刚刚兴起,也是几经起伏,最后被广泛的应用。回溯一下网路的发展,经过了几波浪潮,从之前是PC上网为主,然后流览器带来一波浪潮,接下来是门户网站的机会,之后是搜寻引擎带来了广告、社交,而后的电商,移动互联网出现,而且逐渐成为主力。

所以网路在25年前是泡沫吗?在过去的25年中,我们可以列出12波、或是15波的网路发展,所以无论你就业是在25年前或者是去年,你都有可能赶上下一波浪潮。互联网的机会都还没有结束,人工智慧怎么会结束呢?所以泡沫的说法是不存在的。

那是不是表示所有AI公司都没有泡沫?也不是,现在AI公司很多估值过高,非AI公司也拿着AI的光环去忽悠投资人的钱,还有很多不懂的投资人真的投了,这些现象也是存在的。这些现象累积久了,肯定需要泄一泄气,让它回归到正常的状态,才能再往下走。所以才会看到接二连三的跌宕起伏,但从长期来说,未来的25年肯定是乐观的趋势。

你们做AI,也要有一个与时俱进的学习态度,就像如果25年前你进入网路,你说你一辈子就都做流览器,那后来就没工作咯!只要你与时俱进,不断反覆运算、不断学习新知识,任何一个行业都是没有泡沫的。比如当时做UC流览器的何小鹏,人家现在在做什么?人家造车了,对不对?但是对他来说汽车就是互联网的延伸啊!

再稍微做一点广告,你们再过30年后再看,我们创新工场所投资的AI公司,成功率一定是业界最高的,当然失败的肯定也会有。所以一个真正懂行的VC,他是可以看得清清楚楚的。

最后还要发布一则预告:

继DeeCamp之后,8月底创新工场联合搜狗、美团点评、美图发起的AI Challenger2018全球AI挑战赛也将拉开帷幕。从9月上旬开始,我们将在全国多所大学展开“校园行”活动,届时会有AI行业的顶级大咖亲临学校,与学生们现场互动;世界各地也将有参赛选手和爱好者组织的AI技术交流活动哦。具体日程资讯,本月内会公布。

Via Dr. 李開復 Kai-Fu Lee

Public Opening for college students: you should choose like this

The Deecamp Artificial Intelligence Training Camp, co-hosted by the ministry of education, innovation workshop, Beijing University, has been in place for two weeks.

As a lecturer in summer camp, I had an ai class for students last week. I didn’t expect the students to consult me on the most topic after the class: should I work, Entrepreneurship, or read the bo teacher after college graduation? There are also students who ask ai is not foam, we still have to don’t learn to wait.

So I’m looking for time to make a career choice and answer class with summer camp students to help everyone answer questions. The following quiz may also help other students, share it to everyone:

Topic one: do not support fresh birth blind entrepreneurship

Q1: how should college students be created?

I don’t support fresh college students entrepreneurship, every one of them is now getting a business plan book for me, and I won’t collect one. Why? Because Entrepreneurship is not a student who just graduated. Innovative workshops invest more than 300 projects, only two or three are made by students who just graduated, for example, kuang tech face++.

When just graduated, you will have insufficient experience, not enough connections, not understand management, all our concerns, will happen in this process. So, without experience, the odds of success are negligible. Classmates who want to start their business, don’t be so anxious, you join a company, two years fast, three or four years, and we will definitely consider it more carefully when we make a business plan.

Q2: since entrepreneurship can’t rush, what kind of company should we look for?

I think there are several options:

First big company is advantageous because it has data, there are good boss, good system, there is a good boss in ai era very important to see he is not care, understand not understand ai, give not for you Their big data. If these conditions are met, I think these big companies in the country can be considered.

But the problem is, enter the big company, you will be divided into a small and small sector and become a small gear for big machines, for example, you do technology just do technology, you want to know the user experience impossible; or say you Is to do training optimization, you do training optimization, you don’t ask the data how to use, also don’t worry about the product how to use. The big company won’t let you contact the full range of data and industrial operations.

If going to startup company, there can be a few ways to go:

First, looking for a company that has gone into our sight, such as face++, aliexpress soup, under, etc, enter such a company to do ai, you will also learn a lot. Their scale may have been hundreds of thousands, but you still have a chance to see the cross-sector run.

The second option is to go to the companies that are non-AI, the scale though not big, but with the potential of rising, and already recognize the importance of ai.

These companies are characterized by a lot of data, a lot of users, and a few million days after the day, suddenly found that they need ai’s support. When you choose a company like this, you need to be sure that this company is understand ai and cares about ai, for example, the United, the United, or every independence company is an optional item.

The third class is very startups, only dozens of people, such as the king we invest. If you more want to entrepreneurship instead of looking for work, in the small company you will learn more. Any questions of the company, regardless of products, users, competition, market and technology, and so on, you will be contacted.

For those who are going to entrepreneurship, you have to be happy to accept because it is the best training for the CEO, every funny or boring thing you are going to do.

But there is a bottom limit, the company is at least 10 people. Because most of the three-four-person companies are still limited, preferably 10-50 people’s companies.

Last advice, when you’re picking the company, it’s definitely not to judge the company good or bad. I’ve seen a very good founder, but the company has done a mess, and I have also met the kind of people who are very within, talking boring to the people who want to sleep, but the company is awesome. So how to tell?

The answer is simple, see who the investor is. You guys study and see which domestic or international funds can be believed. These funds often appear on various charts, the best individual or agency angel, the best early, or the best ab wheel early mid-term investment agency. You guys go check out the list and see what items they voted for. Innovative workshops are of course one of them, but the funds worth respect are at least 50 more and a lot.

Q3: if ai company unfortunately collapses after i enter, how is the next road going?

It’s really a tradition but scares me. But you don’t have to worry about it, if you guys enter the first 50 VC or angel investment ai company, after two years this company is closed, we definitely help you find a job and even help you make the next home The company.

On the way to entrepreneurship, we didn’t fail the word, only unemployment. The risk of entrepreneurship exists, but engineers do not fail, and the accumulated experience is always added.

Topic Two: work or read bo?

Q1: heard Dr. can enter ai company, then shouldn’t we read a Phd first?

Don’t believe this, don’t rule out some company superstition Dr, but you guys may want to find the company that looks for ai talent, not Dr. Ai, for example, the innovative workshop artificial intelligence engineering.

When Graduate Graduates, whether Phd, Master, undergraduate, strength may vary. Dr. May read a very poor school, and the paper is probably not published at all, undergraduate students have more than Dr. Learn and more powerful, so you guys have to make a glow during the period before graduation, let everyone see You don’t have a Phd, but you’re still good at it.

Q2: if to read the importance of bo, country, mentor, school, how to sort?

First order to pick up mentor, second pick school, third pick geographical.

For example, CMU (Card University of card) is now not a teacher to choose a student, but a student elected teacher, and this mechanism is super plus. In cmu, it is called marriage process, and after you go, there are probably teachers who give you their research, and finally you have to see them all. Fifty-six mentors robbed more than students, and students are very top.

If there is no such system, just teacher pick students, then what can you guys do? Email the teachers. Don’t write too much, because teacher time is precious, you have to write a page to finish it. Tell the teacher in email that you have a concern about him, read his thesis, and finally raise your doubts or views.

The premise of email is that you really read the article. Because teachers usually give you back to the mail to explain, then you can reply,” awww your explanation makes me suddenly ever, exactly I’m going to apply for the Phd class next year……”.

If you are determined to go abroad to read ai’s Phd, several universities in the United States, UK and Canada can prioritize. For most disciplines, the UK and Canada are far behind the us, but in machine learning, there are several very nice schools in Canada and Britain.

Q3: if not in good school, still have to read Dr.?

Imagine, you have to spend three or four years after your undergraduate graduation in a three-stream school, write some papers that have no read, and after graduation, can’t find a good teaching job, then what’s the point? So when you guys can’t find a good school, I suggest you can read a master in a school first. (American reading poh doesn’t necessarily have to get a master’s degree first)

Assuming that we can enter the first schools in the United States, then read the master first, and apply for the first doctors, rather take a little more time to read the Phd degree in the good school.

Also classmate said I can’t read good Dr. I read postdoctoral can not? I’m telling you, there’s no postdoctoral in the world. What position is postdoctoral in America? It is the job of a Phd student who can’t find a job. The General Top Phd has started to do the teaching job after graduation, and rarely do the post-Doctoral, of course, if it is in the world ranked first school to do the post-Doctoral, we

What if you really can’t get in the good school? Also don’t be depressed, in these ranking schools, look for teachers who have no top school graduation. Because the reality you still have to face is that even if you get into a top ten school reading dr, I’m afraid I can’t find a teacher who graduated from the top ten schools.

I have a very good friend who graduated from the top five college in the United States, and after graduation, wanted to find a tenure ee professor (E-engineering lifelong teaching post) in the us. How hard do you know? Every year, there are more than 1000 people applying for cmu, MIT, Berkeley, but there are only a few positions. So even if you get the top ten college graduation degrees, if you really want to go to teach, you better do the worst psychological preparation.

Then if you come to a school in a rank of fifty -, then you will be unlucky in your life, because probably don’t make any results. Have any of you ever seen which great study of the th school in America? Even if he was graduated from the top five universities in the United States, the odds were negligible. Why? Because teacher results are mostly from students, can you find the best students in the th school?

But if in turn there is a chance, if you get into the top 25 school, there’s a teacher who just graduated from a top three school three years ago, follow this teacher for research still very promising The of, that’s the way to read Dr., hope to help everyone.

Topic three: future work with ai

Q1: what is the comparison between the block chain and ai? Compare Worth Investment?

Ai sure is going to change the world, but the block chain is a relatively big possibility to change the world in the future. I’m all better, but it’s hard to compare both, because one is known and one is unknown.

Q2: May I ask if the bubble period of artificial intelligence is coming?

Artificial intelligence will grow in the next 15 to 25 years and change the world, and its entire chain of industry will also go from CV (computer visual) TO NLP (Natural Language processing), towards new areas.

Like 25 years ago, the network just came up, and it was also a lot of twists and downs, and it was finally Retrace the development of the network, after a few wave waves, from before it was pc online, then the flow brought a wave of wave, followed by the portal chance, after the search engine brought advertising, social, and then electricity Aliexpress, mobile internet appeared and gradually became the main.

So the network is foam 25 years ago? In the last 25 years, we can list 12 wave or 15 wave of network development, so whether you employment is 25 years ago or last year, you are all likely to catch up with the next wave tide. The Internet opportunities are not over, how can artificial intelligence end? So the statement of foam is not available.

Does that mean all ai companies have no foam? Also not, now ai company many valuation too high, non ai company also take ai’s aura to fool investors money, and many not understand investors really voted, these phenomena also exist. These phenomena are tired of jī jiǔ and definitely need to be leaked and let it return to normal state before going down. That’s why it will be seen after a successive ups and downs, but in the long term, the next 25 years will definitely be an optimistic trend.

You guys do ai, also have to have a learning attitude with the times, like if you enter the network 25 years ago, you said you’ve been doing the streamer for a lifetime, then it’s not working later! As long as you get in with the times, keep anti-Review, keep learning new knowledge, any industry is without foam. For example, ho peng, who did the UC flow at that time, what are people doing now? People make cars, right? But for him, the car is an extension of the internet!

To make a little more ad, you will see again after another 30 years, and the ai company that we have invested in the innovation workshop must be the highest in the industry, and of course the failure will definitely have. So a really knowledgeable vc, he can see clearly.

Finally to post a trailer:

After Deecamp, at the end of August, the innovative workshop joint search dog, the us review, the ai challenger2018 global ai challenge, launched by the United States, will also pull the curtain. Starting from early September, we will launch the “campus line” event at many universities across the country, which will have the top big curry in the ai industry to come to the school, interact with the students; there will also be an ai of contestants and lovers in all parts of the world. Technology exchange event oh. Specific schedule information will be announced this month.

Via Dr. 李開復 Kai-Fu Lee

Meet Me At Starbucks For A Gin And Tonic?

MOQIPEOPLE INSIDER:
#Lifestyle #F&B
Starbucks is About to Start Serving Cocktails (No, Not For Breakfast)

Would you go to Starbucks for a drink before, say, a movie?

Starbucks knows that the morning coffee routine can be dull.

Moreover, it’s always fancied itself to be a little Italian.

The coffee chain’s management has, though, always wished it could make Starbucks the place that you can go at any time of day, not just when you have a hangover.

So it’s going to start serving cocktails like
Italian-style.

As the Seattle Times reports, a new Seattle Reserve Starbucks will enjoy such delicacies as olives, parmigiano reggiano and, oh, cocktails such as Aperol and Campari.

And when do Italians partake of such delicacies?

Why, on their way to do doing something else.

“We want to be a part of the community and are looking forward to being a stop on the way to sporting events, on the way to theater, on the way to concerts,” Starbucks’ Shauna McKenzie-Lee told the Seattle Times.

Meet me at Starbucks for a gin and tonic?DEE18BB7-7823-4A0E-838E-9FA1F072F567

Famed VC Jim Breyer on finding the next Mark Zuckerberg (and much more)

MOQIPEOPLE INSIDER:

Famed VC Jim Breyer on finding the next Mark Zuckerberg (and much more)

Connie Loizos
TechCrunch November 8, 2017

Jim Breyer

Yesterday, at the Web Summit conference in Lisbon, we caught up with Jim Breyer, among the most famous venture capitalists in Silicon Valley thanks to a decades-long track record of smart bets, most notably in Facebook.

Yesterday, at the Web Summit conference in Lisbon, we caught up with Jim Breyer, among the most famous venture capitalists in Silicon Valley thanks to a decades-long track record of smart bets, most notably in Facebook. Breyer was the managing partner at Accel Partners, which invested $12.7 million in Facebook in 2005 when the company was priced around $100 million, and that returned many billions of dollars to its investors after the company went public in 2012.

In 2013, Breyer segued out of the firm, opening up his own family office, called Breyer Capital, where he has continued to make bold bets. Breyer has also partnered over the years with the Chinese firm IDG Capital Partners, which formerly collaborated with Accel Partners and where Breyer Capital has since become an anchor investor in a series of funds that now manage more than $4 billion.

Breyer will be taking the stage today, but he also sat down with us behind the scenes yesterday to talk about Facebook, Softbank, and ICOs, among other factors playing an outsize role in the startup ecosystem. You can find much of that conversation below, edited for length.

TC: You’ve just come to Lisbon from China. How much time do you spend there?

JB: I’m there four times a year. I probably have 100 partners who are part of IDG China, where Breyer Capital is a sponsor and I’m a general partner on the investment committee and we cover 10 cities in China.

TC: Meanwhile, you’re also overseeing Breyer Capital, your family office. How active is that, and is its focus exclusively on U.S. companies?

JB: We make six to 10 new investments a year, investing in artificial intelligence and deep learning mostly, and how it applies to finance, healthcare, publishing, and other large verticals, and yes, [the investments are stateside].

Breyer Capital, it’s a family office, makes six to 10 new investments a year, starting in 2013. Still a partner in historical Accel funds, investing in AI mostly and deep learning and how it applies to finance healthcare publishing and other large vertical. Breyer stateside investments.

TC: Before sitting down today, I’d seen a CNBC interview you’d given, where you said you expect to see a number of big companies focused around artificial intelligence that are even bigger, much bigger, than Facebook and its ilk today. I think of Google and Facebook and Amazon and Apple as having an insurmountable lead, given the monopoly they have on these huge data sets. Why are you so sure that’s not the case?

JB: Mark Zuckerberg, Tim Cook, [Alibaba founder] Jack Ma, [Tencent founder] Pony Ma, [Baidu founder] Robin Li — these are phenomenal founder-driven companies and I expect the Apples, Facebooks, Amazons, Alphabets, and Baidus will only get stronger in many ways. But the early stages to apply deep learning and true artificial intelligence to large verticals [is immense].

For example, doctor recommendations around cancer research — both in the U.S. and China, where we can pull together data from hospitals, analyze that data in ways that have never been possible before, and provide better potential advice to doctors and nurses — those are just great opportunities for startups.

TC: That sounds great. At the same time, I’m still confused as to how nascent AI teams get very far. It seems that most are either getting pulled into these bigger companies before their companies can really prove themselves, or else they’re having to focus on very small verticals — like assessing the health of cabbages — and building a data set around them. Can AI teams still build big defensible businesses?

JB: I’m no longer on the board of Facebook, but I have these conversations with Mark Zuckerberg and Sheryl Sandberg all the time, and it’s interesting. Facebook continues to grow dramatically but they’re also optimistic about startups and building new companies than ever before. Yes, there are strong founder-driven companies, but I don’t think it’s about fringe opportunities.

TC: You mentioned AI in healthcare. Where else do you see these bigger opportunities?

JB: I’m an investor in [the publicly traded video distribution platform] Bright Cove, and out of Brighcove came Circle Internet, which is a four-year-old blockchain company that’s applying AI to financial services to address how to deliver better payment services around the world, who should receive some lending, and should whether they should receive it it in euros, pounds, dollars, or different coins. A lot of that is AI applied to the blockchain and to digital currencies.

TC: You think we’ll see giant AI companies. Do you think you’ve met the next Mark Zuckerberg yet?

JB: I don’t think I’ll ever find a Mark Zuckerberg. And the combination of Mark Zuckerberg and Sheryl Sandberg, who I helped Mark hire in 2008 – I don’t think I’ll ever find a team like that again. Sheryl’s opportunities to make Mark better, Mark’s opportunities to make Sheryl better – that combination is the best single leadership combination in the world. In fact, they’re two of the key references on so many of the new deals that I do.

TC: You’re getting their advice on potential investments?

JB: Absolutely — and reference checks on people who might be from Google or Apple or Amazon. Not a day goes by when I’m not in contact with Facebook executives about a potential new deal or recruiting. They’ve been a wonderful source of both references on new deals in AI, specifically, or in talent management and referrals of executives who I meet who are potentially future founders or future executives of these AI companies.

TC: Does that put the company or executive or founder on the watch list of Facebook and — for good or bad — does it increase the likelihood that Facebook will try and gobble them up at an early stage?

JB: The experience I have is that when I’m meeting with the top talent, the ability at some point – say 12 or 24 months from now – to speak with Sheryl Sandberg or Mark Zuckerberg or some of the senior people at Facebook, they view it as a big positive.

TC: Are Sheryl Sandberg and Mark Zuckerberg de facto venture partners of yours, or is that overstating things?

JB: That would be too much. But they are very much part of almost every due diligence process that I’ve done.

TC: Do you help them with their diligence? Do either of them make private investments?

JB: They don’t make too many private investments, but I certainly offer them advice and sometimes they listen on either people or opportunities or . . . different elements of Facebook and its global opportunities.

TC: Speaking of Facebook, can you comment on these newly revealed ties between early Facebook investor Yuri Milner and the Kremlin? He’s very well-regarded in Silicon Valley circles. Does this development change anything?

JB: I’m a fan of Yuri. I’ve known him since 2010. I just don’t know more than that. He’s a very good investor. Would it affect your dealing with Milner right now?
[Shrugs.] I just don’t know [what’s going to happen].

TC: I’ve heard you say that according to experts you’ve talked with, AI will have the same self-learning ability as humans by 2050. How does that impact how you proceed as an investor?

JB: I take a 20-year view on investing. With AI, I’m firmly in the camp that the benefits for the next couple decades far outweigh the negatives. Based on the very best computer scientists who I routinely meet with, at Stanford, MIT, Berkeley, Tsinghua, Oxford and Cambridge – there is a belief that the pace is extraordinary. But it’s likely not before 2050 where we reach a point of singularity and the robots and the machine learning is potentially more intelligent than what is today human intelligence.

TC: And then? Are you worried about the world your grandchildren will be navigating?

JB: I absolutely believe that philosophically, we should be thinking about the ethical implications long term of artificial intelligence and how it’s applied, and that should be part of what we do as investors and entrepreneurs and academics. Those are discussions that I love being a part of. I don’t think that we can just push that aside and not have those discussions.

TC: Do you think there will be a limited number of companies and jobs? Will people be relying on a basic income? What do you see beyond 2050? What about 100 years from now?

JB: I love that, that’s real long term! [Laughs.] I think the pie will get bigger for almost everyone, [with] the right implementation of technologies. I’m on the board of Harvard University and I’m part of the president’s search, and I’ve been spending a lot of time with presidential candidates. And these are questions I ask many of the academics I’m talking with, and I think we’ll see universities, colleges and education very positively affected by these technologies, because I think we can educate students around the world. Teaching will improve. Most importantly, learning will improve if we all take a long-term view, and I believe many jobs will be created that we can’t predict right now.

TC: Do you think we’ll need to regulate artificial intelligence, as Elon Musk has suggested time and again needs to happen?

JB: I think it would be a huge mistake to actively regulate artificial intelligence and artificial intelligence technologies. I do think there’s a role for government officials to be thinking about jobs as they related to artificial intelligence. But in terms of regulation, it would be a mistake because we’re just at the beginning of innovation [and because] it’s global. In many ways, we’re in a race with other economies – whether China or some of the European centers that are trying to recreate Silicon Valley-like hubs – so I think it would be a mistake to regulate research at this point.

TC: Where are we going to see the most growth in coming decades? In the states? In Europe? In China? Do you think Silicon Valley will lose its place as the power center of tech?

JB: I would never bet against Silicon Valley, having done this for a couple of decades. Silicon Valley and China will remain so much at the center.

TC: And on a par with one another?

JB: I think so. China has five million graduating engineers every year. That’s 10x [the number of engineers graduating each year from U.S. schools]. We have the very best universities in the world. At the same time, China is developing a phenomenal group of technologists, engineers, and mathematicians.

TC: We haven’t talked about Japan, but how does Softbank change the landscape, in your opinion? Does the capital at its disposal change everything?

JB: It does. I know the SoftBank leadership. We’ve co-invested together. We compete at times. The late-stage venture capital business is forever changed by what Softbank is doing.
For the earliest-stage companies, where there might be a group of brilliant scientists and engineers, 20 to 30 people, and they aren’t looking to raise $50 million; they’re looking to raise $10 million. It’s very competitive still and it’s where I love to partner and compete. The opportunity to scale and build a global business is still very high.

TC: Do you think SoftBank is a kingmaker? I suppose there’s a chance they’ll actually drown some companies in capital, but I’d be worried if they funded a competitor of mine.

JB: In certain segments where capital and scale make such a difference, Softbank is going to change the nature of the game. For a lot of industries in a lot of segments, such as AI, you’re trying to find 10 or 20 of the very best medical AI researchers in the world, and that’s where it’s the talent scarcity more than a capital scarcity that plays a central role. But for certain other businesses, SoftBank is making a very big difference.

TC: Before you go, ICOs. Here to say? Short-term phenomenon?

JB: I think they’ll be a part of the overall financing landscape over the next five to 10 years, and that we’ll see ICOs and different coins. It’s very hard to predict: Does Ethereum win? Which other coin might it be? But for sure, the nature of fintech and digital finance will result in more fundraising options for entrepreneurs at all stages. I just don’t think it will change overnight.

TC: You own bitcoin. Have you participated in any pre-sales of ICOs?

JB: Not yet, but I’m looking closely and globally. There are a lot of opportunities that I’m evaluating but I haven’t decided are compelling at this point.
This article originally appeared on TechCrunch.

via TechCrunch.com

The RealReal Company Just Raised $50 Million in VC Funding – led by this Female-Founded Company

MOQIPEOPLE INSIDER:

Heads up! #Startup #Entrepreneur
Finally, freat news for the RealReal appears to be the real real thing.

Julie Wainwright, founder and CEO of consignment website of the RealReal Company Just Raised $50 Million in VC Funding – led by this Female-Founded Company.

Venture Capital’s Funding Gender Gap Is Actually Getting Worse – What is perhaps more surprising is that things haven’t improved—and have actually worsened—over the past year.

Venture capitalists invested $58.2 billion in companies with all-male founders in 2016. Meanwhile, women received just $1.46 billion in VC money last year, according to data from M&A, private equity, and venture capital database PitchBook. That massive disparity is due both to the differences in the number of deals and the average deal size by gender.

On Tuesday, the consignment company confirmed that it has raised $50 million from private equity firm Great Hill Partners in the biggest round led by a female-founded company this year, according to data from M&A, private equity, and venture capital database PitchBook.
That brings the company’s fundraising total to $173 million, making it one of the most well-capitalized women-run startups; Rent the Runway has received $179 million in funding so far after closing its Series E round last December. The clothing rental company’s $60 million round was the biggest raised by female founders in recent history, according to Forbes.

The RealReal news comes a little over a year after the startup closed its $40 million Series E round, but raising capital didn’t initially come easily to founder and CEO Julie Wainwright. Speaking to Fortune in March, she said she had initially found it difficult to woo investors.
“When you have different businesses that aren’t proven that may appeal more to a female [customer], a female investor is going to be able to evaluate that” better than a male investor could, she said. “I think in general, most VCs are trying to do their jobs, but there are a lot of unconscious biases.”

Wainwright recalled one particular episode when—in a pitch meeting—a male VC put his shoes on the table and told her that he could not see ever wanting to sell them or buy another man’s shoes. Needless to say, he is not a current investor.

TechCrunch reports that The RealReal is on track to sell $500 million through the platform this year and, in another parallel to Rent the Runway, may be opening a series of brick-and-mortar stores this year.

Read more info. via:
https://www.therealreal.com/about

2017 Women of Influence

MOQIPEOPLE of The Week:
Congrats to MATRIXX Software Founder and Vice President of Marketing, Jennifer Kyriakakis, has been honored in the Silicon Valley Business Journal 2017 ‘Women of Influence’ list.

“It is an honor to be recognized by the Silicon Valley Business Journal alongside an impressive group of women, each of whom is affecting real change in their respective industries,” said Kyriakakis. “I am proud to be part of a leadership team that is offering opportunities for women in tech and Silicon Valley.”:

Kyriakakis is also a recent recipient of the 2017 Women in Business Gold Stevie®, recognized for ‘Best Product or Service of the Year’ for MATRIXX Go Digital. Earlier this week, she was a finalist in the Light Reading Leading Lights ‘Tech Pioneer of the Year’ award.

Read more via:

MATRIXX Software Founder Jennifer Kyriakakis Receives Woman of Influence Award