We're fortunate to be surrounded by really great startups all of the time building unique products. One of these companies is Xspaced, a startup that has a goal of helping people to make a fast and right decision when looking to buy or rent real estate. They believe that "being" on a property without physically being there makes a BIG difference (Source: Crunchbase). And we agree!
Today is Martin Luther King Jr day, which has been a national holiday since 1986. It’s a day when we can recognize a man who fought hard to tear down racially prejudiced laws and fight for peace through nonviolent means. And it's a good reminder for us that there's a lot more going on in our country than just building tech companies. We see racial issues on the news on a regular basis, but for the most part, we're fairly isolated from them.
I hope everyone is enjoying a wonderful holiday season. Last week I was asked by a high school student in San Jose if I could answer some questions for a report he was putting together. One of the questions that he asked me was particularly interesting. “Do you believe that the emergence of the Internet of Things or, more broadly, increased integration of technology in our daily lives, is positive or negative?”
I came back from Japan yesterday, energized and slightly jet-lagged with everything going on there. As I mentioned last week, there are a ton of corporate VCs (CVCs) looking to put money into Silicon Valley. The same is true from my trips to China earlier in the year. All of them have the same requests - they are not sure they fully understand, or have access to, the US startup market.
I'm in Japan this week, meeting with Japanese corporations that are interested in engaging with startups as part of their open innovation initiatives. It’s been an enjoyable journey. There are hundreds of companies here in the world’s 3rd largest economy that are interested in investing in, partnering with and acquiring US startups, and we’ve been meeting with a lot of them.