Why venture capitalists ask for ‘The Nigeria discount’
Many years ago, I was sitting inside an investor’s office in Redwood City in Silicon Valley, and he asked me a question that threw me off-guard. He wondered if the returns on real-estate in Africa were not better than the returns on startups? His family had bought a lot of land in Tanzania for farming,…
VCs put $110 million into grammar-checking software
Venture capitalists want a piece of just about anything involving artificial intelligence, whether it’s computers learning to drive or helping people shop for clothing. The latest to get a sizable investment is a startup looking to use AI to improve people’s grammar.