This year, Silicon Valley companies — most notably WeWork and Uber Technologies — are estimated to have lost about $100 billion in value. Car subscription company Fair and software company UiPath are two others that have downsized, and scooter company Lime has had to tweak its operations to prove it can be profitable. As a result, startup executives are honing their pitches and venture capitalists are more wary of investing. Ahoy Capital’s Chris Douvos noted that the five-year “rollicking” party appears to be over. Continue reading As Values Crash, Startups Focus on Profitability, Not Growth

Great Britain struck a major deal with Germany at the CeBIT 2014 trade fair to co-develop a 5G Internet service fast enough to download a movie in less than a second. German and British universities will work together on the project. Speaking at the tech summit in Hannover, Germany, British Prime Minister David Cameron said that his country risks being left behind if it does not develop ultra-fast broadband. He also announced a major investment in a grant fund and research and development for the Internet of Things. Continue reading CeBIT 2014: Germany and Britain Plan to Develop 5G Broadband