The document discusses similarities between the tech bubble burst of 2000 and current private equity markets, examining whether a PE bubble may be forming. It notes huge increases in money flowing into PE, larger fund and deal sizes without barriers, and similarities to classic bubbles like abandonment of downside caution and rapid price growth beyond fundamentals. Reasons for concern include more capital than ever searching for deals and investors increasing already large PE allocations.
A look at the Venture Capital industry heading into 2020. Some have questioned whether the industry has a future. This deck does a detailed look at where the industry is and why the future of VC still looks bright.
Fundstrat Bitcoin & Blockchain presentation for Upfront SummitMark Suster
An equity analyst case for the value in cryptocurrencies. Thomas Lee of Fundstrat was lead equity researcher for JP Morgan before founding Fundstrat. He takes a market approach to valuing Bitcoin and other cryptocurrencies. Here is his presentation for the #UpfrontSummit 2018.
Details the rise, fall and rise of the venture capital industry in the USA, the consequent implications on the environment Asia finds itself in, with the opportunity presenting itself.
A look at the Venture Capital industry heading into 2020. Some have questioned whether the industry has a future. This deck does a detailed look at where the industry is and why the future of VC still looks bright.
Fundstrat Bitcoin & Blockchain presentation for Upfront SummitMark Suster
An equity analyst case for the value in cryptocurrencies. Thomas Lee of Fundstrat was lead equity researcher for JP Morgan before founding Fundstrat. He takes a market approach to valuing Bitcoin and other cryptocurrencies. Here is his presentation for the #UpfrontSummit 2018.
Details the rise, fall and rise of the venture capital industry in the USA, the consequent implications on the environment Asia finds itself in, with the opportunity presenting itself.
10 trends that are shaping the world of mobile gamingPocket Gamer Biz
At Pocket Gamer Connects Helsinki 2014, Will Freeman gave us his 10 trends that are shaking up the world of mobile gaming.
1. PUBLISHING IS DEAD. LONG LIVE PUBLISHING SERVICES
2. YOU SHOULD GO TO FINLAND
3. THE RETURN OF PREMIUM?
4. ASIAN M&As ARE CONTINUING TO RESHAPE THE GLOBAL POWER BALANCE
5. THE FUTURE OF DISCOVERABILITY
6. BRAZIL’S CONTINUED RISE
7. IS PC STEALING MOBILE’S GRASS ROOTS STUDIOS?
8. HAS CROWDFUNDING LOST ITS WAY?
9. IPOS: ON THE RISE OR FAILING DISMALLY?
10. COULD BRAND MARKETING BE BACK?
The latest collection of things we (Atomico) found interesting and important in tech and VC land, but that didn’t necessarily get the attention they deserve. We think of them as our hidden little gems. We’ll add to the collection over time, so bookmark the page and keep coming back for updates or to dig into the archive.
Global Technology Trends & Top Ten Startup Hubs 2019Bernard Moon
Update report by SparkLabs Group (www.sparklabsgroup.com) that provides an overview of general technology trends, global venture capital trends, and startup trends around the world. Snapshots of the top 10 startup hubs in the world: Silicon Valley, NYC, London, Stockholm, Shanghai, Tel Aviv, Beijing, Seoul, Boston, and Los Angeles.
...how quickly venture backed
technology companies market capitalization changed (grew) and whether there had
been a change in the “Time To Market Cap” during different periods of history. November 2014
2020 has been a challenging year. Yet, amidst the various trials, widespread digital transformation has sparked several triumphs in SaaS. For instance, UiPath made history this summer when they became the first European Cloud Decacorn. Now we’re 10 months in, the question on everyone’s lips is what’s just happened and what’s coming next? In this keynote presentation, Philippe Botteri, Partner and Varun Purandare, VP at Accel will present original findings from Accel’s 2020 Euroscape. They'll explore the biggest trends in SaaS, deep dive into COVID's impacts on the ecosystem and share the region’s top 100 cloud companies.
0507 057 01 98 * Adana Klima Montaj Servisleri, Adana Klima Montaj Servisi, Adana Klima Montaj Servisleri, Arçelik Klima Montaj Servisi Adana, Beko Klima Montaj Servisi Adana, Demirdöküm Klima Montaj Servisi Adana, Vestel Klima Montaj Servisi Adana, Aeg Klima Montaj Servisi Adana, Bosch Klima Montaj Servisi Adana, Ariston Klima Montaj Servisi Adana, Samsung Klima Montaj Servisi Adana, Siemens Klima Montaj Servisi Adana, Profilo Klima Montaj Servisi Adana, Fujitsu Klima Montaj Servisi Adana, Baymak Klima Montaj Servisi Adana, Sharp Klima Montaj Servisi Adana, Mitsubishi Klima Montaj Servisi Adana, Alaska Klima Montaj Servisi Adana, Aura Klima Montaj Servisi Adana, Adana Çukurova Klima Montaj Servisleri, Adana Yüreğir Klima Montaj Servisleri
The first report on the Israeli Internet industry, written in 2012. Sheds light on the biggest companies and the most important trends in one of the world's most important hi tech hotbeds.
The second report on the Israeli Internet industry, written in 2014. Highlights the changes in the industry since 2012: the growth, B2C strengths, the changing entrepreneurs and more.
The European SaaS world changed forever when Daniel Dines, the founder of UiPath made the cover of Forbes last month as ‘Boss of the Bots’. Who would have thought five years ago that a Romanian SaaS company would be valued at $7B and reach that valuation in record time?
It is prime time for European SaaS companies and the third edition of the Accel Euroscape, the list of the top 100 SaaS companies from Europe and Israel, shows the rising position of Europe on the global SaaS stage, benchmarks how European SaaS companies compare to their US counterparts and lays out five predictions for the European SaaS market.
In State of the Cloud 2021, we explore the major milestones and changes within the cloud economy and original analysis on what’s driving today’s private cloud valuations. In addition, we share new frameworks and emerging strategies to help founders measure growth endurance and drive go-to-market momentum. Plus, we dive into our seven predictions for 2021.
Top takeaways
Cloud companies have not just reset in the New Normal, but have thrived with a record-breaking market capitalization of more than $2 trillion.
There’s been a changing of the guard afoot: MT SAAS has overtaken FAANG.
Cloud multiples are rising to new heights, with both public and private cloud trading over 20x.
Cloud growth rates and access to capital are at all-time highs, with the average Cloud 100 company growing 80% YoY and $186 billion going into private cloud companies in 2020 alone.
Good-better-best of growth endurance is 70%-75%-80%.
GTM strategies have adapted in the New Normal; best practices include product-led growth, usage-based pricing, and the adoption of cloud marketplaces.
10 trends that are shaping the world of mobile gamingPocket Gamer Biz
At Pocket Gamer Connects Helsinki 2014, Will Freeman gave us his 10 trends that are shaking up the world of mobile gaming.
1. PUBLISHING IS DEAD. LONG LIVE PUBLISHING SERVICES
2. YOU SHOULD GO TO FINLAND
3. THE RETURN OF PREMIUM?
4. ASIAN M&As ARE CONTINUING TO RESHAPE THE GLOBAL POWER BALANCE
5. THE FUTURE OF DISCOVERABILITY
6. BRAZIL’S CONTINUED RISE
7. IS PC STEALING MOBILE’S GRASS ROOTS STUDIOS?
8. HAS CROWDFUNDING LOST ITS WAY?
9. IPOS: ON THE RISE OR FAILING DISMALLY?
10. COULD BRAND MARKETING BE BACK?
The latest collection of things we (Atomico) found interesting and important in tech and VC land, but that didn’t necessarily get the attention they deserve. We think of them as our hidden little gems. We’ll add to the collection over time, so bookmark the page and keep coming back for updates or to dig into the archive.
Global Technology Trends & Top Ten Startup Hubs 2019Bernard Moon
Update report by SparkLabs Group (www.sparklabsgroup.com) that provides an overview of general technology trends, global venture capital trends, and startup trends around the world. Snapshots of the top 10 startup hubs in the world: Silicon Valley, NYC, London, Stockholm, Shanghai, Tel Aviv, Beijing, Seoul, Boston, and Los Angeles.
...how quickly venture backed
technology companies market capitalization changed (grew) and whether there had
been a change in the “Time To Market Cap” during different periods of history. November 2014
2020 has been a challenging year. Yet, amidst the various trials, widespread digital transformation has sparked several triumphs in SaaS. For instance, UiPath made history this summer when they became the first European Cloud Decacorn. Now we’re 10 months in, the question on everyone’s lips is what’s just happened and what’s coming next? In this keynote presentation, Philippe Botteri, Partner and Varun Purandare, VP at Accel will present original findings from Accel’s 2020 Euroscape. They'll explore the biggest trends in SaaS, deep dive into COVID's impacts on the ecosystem and share the region’s top 100 cloud companies.
0507 057 01 98 * Adana Klima Montaj Servisleri, Adana Klima Montaj Servisi, Adana Klima Montaj Servisleri, Arçelik Klima Montaj Servisi Adana, Beko Klima Montaj Servisi Adana, Demirdöküm Klima Montaj Servisi Adana, Vestel Klima Montaj Servisi Adana, Aeg Klima Montaj Servisi Adana, Bosch Klima Montaj Servisi Adana, Ariston Klima Montaj Servisi Adana, Samsung Klima Montaj Servisi Adana, Siemens Klima Montaj Servisi Adana, Profilo Klima Montaj Servisi Adana, Fujitsu Klima Montaj Servisi Adana, Baymak Klima Montaj Servisi Adana, Sharp Klima Montaj Servisi Adana, Mitsubishi Klima Montaj Servisi Adana, Alaska Klima Montaj Servisi Adana, Aura Klima Montaj Servisi Adana, Adana Çukurova Klima Montaj Servisleri, Adana Yüreğir Klima Montaj Servisleri
The first report on the Israeli Internet industry, written in 2012. Sheds light on the biggest companies and the most important trends in one of the world's most important hi tech hotbeds.
The second report on the Israeli Internet industry, written in 2014. Highlights the changes in the industry since 2012: the growth, B2C strengths, the changing entrepreneurs and more.
The European SaaS world changed forever when Daniel Dines, the founder of UiPath made the cover of Forbes last month as ‘Boss of the Bots’. Who would have thought five years ago that a Romanian SaaS company would be valued at $7B and reach that valuation in record time?
It is prime time for European SaaS companies and the third edition of the Accel Euroscape, the list of the top 100 SaaS companies from Europe and Israel, shows the rising position of Europe on the global SaaS stage, benchmarks how European SaaS companies compare to their US counterparts and lays out five predictions for the European SaaS market.
In State of the Cloud 2021, we explore the major milestones and changes within the cloud economy and original analysis on what’s driving today’s private cloud valuations. In addition, we share new frameworks and emerging strategies to help founders measure growth endurance and drive go-to-market momentum. Plus, we dive into our seven predictions for 2021.
Top takeaways
Cloud companies have not just reset in the New Normal, but have thrived with a record-breaking market capitalization of more than $2 trillion.
There’s been a changing of the guard afoot: MT SAAS has overtaken FAANG.
Cloud multiples are rising to new heights, with both public and private cloud trading over 20x.
Cloud growth rates and access to capital are at all-time highs, with the average Cloud 100 company growing 80% YoY and $186 billion going into private cloud companies in 2020 alone.
Good-better-best of growth endurance is 70%-75%-80%.
GTM strategies have adapted in the New Normal; best practices include product-led growth, usage-based pricing, and the adoption of cloud marketplaces.
Irrational Exuberance: A Tech Crash is ComingJeffrey Funk
These slides apply Nobel Laureate Robert Schiller's concept of irrational exuberance (and a book) title to the current speculative bubble of 2019. Over investments in startups and a lack of profitability in them are finally starting to catch up with the venture capital industry and the tech sector that relies on it. Investments by US venture capitalists have risen about six times since 2001 causing the total invested in 2018 to exceed by 40% the peak of 2000, the last big year of the dotcom bubble. But the number of IPOs has never returned to the peak years of 1993 to 2000; only about 250 were carried out between 2015 and 2017 vs. about 1,200 between 1995 and 1997.
The reason is simple: startups are taking longer to go public because they are not profitable. Consider the data. The median time to IPO has risen from 2.8 years in 1998 to 7.7 years in 2016 and the ones going public are less profitable than they were in the past. Although only 22% of startups going public in 1980 were unprofitable, 82% were unprofitable in 2018. The same high percentages of unprofitability have only been achieved twice before, in 1998 and 1999 right before the dotcom bubble burst. Furthermore, startups that have recently done high profile IPOs such as Snap, Dropbox, Blue Apron, Fitbit, Trivago, Box, and Cloudera are still not profitable.
F-Prime Capital prepared a market analysis for 2018's year-end discussion. We are sharing it with our broader community in the hope that someone will find in informative, interesting or at least entertaining.
Mariana Mazzucato: The Entrepeneurial StateIKT-Norge
A professor of innovation economics, Mariana Mazzucato explains how the schism between the risk-taking private sector and the investment-averse public sector is not only a myth, but one that directly runs counter to progress and growth. IKT-Norge conference NEO2014
We are in the midst of an unprecedented flood of innovation. The convergence of technological mega-trends in mobile, social networking, cloud computing, and big Data is something we at Menlo Ventures call The Right Now Economy. Previously impossible, The Right Now Economy centers around the idea that information can now be accessed, analyzed, and acted upon almost instantaneously - anytime and anywhere. This mega-trend is disrupting established industry sectors and players, creating opportunities for emerging growth companies to displace previously unassailable incumbents.
The Role of Venture Capital in the US EconomyMark J. Feldman
National Venture Capital Association
Venture Capital’s Voice:
Public Policy & American Competitiveness
Robert E. Grady
Managing Director, The Carlyle Group
Chairman, NVCA
Chicago, Illinois
December 6, 2006
Introduction:
"Investing in 2023" is a comprehensive document designed to provide individuals and businesses with valuable insights and strategies for navigating the ever-changing landscape of the investment world. As we embark on a new year, the document explores the key trends, opportunities, and challenges that are expected to shape the investment landscape in 2023. Whether you are a seasoned investor or a newcomer to the world of finance, this document aims to equip you with the knowledge and tools necessary to make informed investment decisions in a dynamic and evolving market.
Key Topics Covered:
Economic Outlook: The document begins by examining the global economic outlook for 2023, including an analysis of major economies, emerging markets, and key indicators influencing investment trends. It delves into macroeconomic factors such as GDP growth, inflation rates, interest rates, and fiscal policies, offering a foundation for understanding the broader economic environment.
Market Trends and Opportunities: This section explores the emerging trends and sectors expected to drive growth and present lucrative opportunities in 2023. It provides an overview of industries such as technology, renewable energy, healthcare, and emerging markets, shedding light on the factors contributing to their growth and potential investment prospects.
Risk Assessment and Mitigation: Investing involves inherent risks, and understanding them is crucial for making informed decisions. This document discusses various types of investment risks, including market volatility, geopolitical uncertainties, and regulatory changes. It provides insights into risk assessment and management strategies, offering guidance on how to mitigate potential pitfalls and protect investment portfolios.
Investment Strategies: With an emphasis on long-term value creation, this section explores different investment strategies that can be employed in 2023. It covers both traditional and alternative investment approaches, including stocks, bonds, real estate, commodities, and private equity. The document highlights the benefits and risks associated with each strategy and provides guidelines for constructing diversified portfolios.
Sustainable Investing: Given the growing importance of environmental, social, and governance (ESG) considerations, this section explores the concept of sustainable investing and its impact on investment decision-making in 2023. It discusses the integration of ESG factors into investment analysis and explores sustainable investment opportunities across various asset classes.
Technological Advancements: Technology continues to reshape the investment landscape, and this section examines key technological advancements expected to impact investing in 2023. It covers topics such as artificial intelligence, blockchain, robo-advisors, and digital currencies, providing insights into how these innovations are transforming traditional investment practices.
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Webinar Exploring DORA for Fintechs - Simont Braun
Rubenstein SuperReturn Presentation
1. The Similarities & Differences Between The Tech Bubble Burst of 2000 & The Current Private Equity Markets: Are We On The Verge Of A PE Bubble Burst? David M. Rubenstein Co-Founder and Managing Director February 28, 2007
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17. Source: Forbes Tech Bubble Had Numerous Symptoms (In Retrospect) 378% 386% 427% 442% 458% 482% 483% 508% 525% 698% First-Day Return 120 Network Equipment CacheFlow 1999 144 Internet Software webMethods 2000 173 Internet Retailing FreeMarkets 1999 110 Network Equipment Cobalt Networks 1999 234 Internet Services Akamai Technologies 1999 28 Internet Services theglobe.com 1998 284 Network Equipment Sycamore Networks 1999 216 Telecom Products Avanex 2000 125 $132 Offer Value Telecom Products Computer Software Business Foundry Networks 1999 VA Linux Systems 1999 Company Year ($ mil)
18. Source: Forbes Tech Bubble Had Numerous Symptoms (In Retrospect) 330% 13 Consulting Services Intgrtd. Sys. Consultg. 1996 357% 155 Telecom Products Finisar 1999 356% 110 Internet Services FirePond 2000 337% 68 Network Equipment Crossroads Systems 1999 331% 160 Internet Services Priceline.com 1999 331% 72 Internet Services Andover.Net 1999 313% 60 Telecom Services Wireless Facilities 1999 303% 91 Internet Services Neoforma.com 2000 42 $120 Offer Value Internet Services Internet Services Business 364% Ask Jeeves 1999 371% Selectical 2000 First-Day Return Company Year ($ mil)
24. Distributions To LPs from U.S. Buyout Market Remain High Source: Thompson Venture Economics, data for partnerships and investment bank affiliate or subsidiary partnerships; includes primary U.S. market buyout funds; 2006E is annualized estimate, data as of 9/30/06
25. U.S. Buyout Has Outperformed Public Markets Source: Thomson Venture Economics, PE data as of 9/30/06 and for partnerships and investment bank affiliate or subsidiary partnerships; Bloomberg, market data as of 6/30/06 35.7 27.2 41.5 23.2 24.8 20.0 U.S. Buyout Top Quartile 8.3 10.5 8.7 5.0 9.9 9.4 7.1 5.7 8.0 DJIA 9.2 8.6 6.9 5.1 10.3 S&P 500 9.1 8.8 7.0 6.2 11.0 Russell 3000 10.2 9.8 6.3 8.1 8.5 NASDAQ 21.0 11.0 12.7 8.7 14.5 8.8 U.S. Buyout All Quartile 1-year 15-year 20-year 10-year 3-year 5-year (IRR %) 37.2 U.S. $2 bil plus Top Quartile
26. Europe Buyout Has Outperformed Public Markets Source: Thomson Venture Economics, PE data as of 6/30/06 and for partnerships and investment bank affiliate or subsidiary partnerships; Bloomberg, market data as of 6/30/06 37.3 23.6 26.8 28.7 22.5 14.7 Europe Buyout Top Quartile 14.1 6.1 6.5 4.6 13.1 0.7 FTSE 22.2 12.5 13.2 13.7 10.9 7.0 Europe Buyout All Quartile 1-year 15-year 20-year 10-year 3-year 5-year (IRR %)
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31. Reasons For Concern: Investors Increasing Already Large Allocations Source: Dow Jones – Private Equity Analyst, data as of July 2006 15% 7,500 50,000 Michigan Department of Treasury 10% 10,000 100,000 GIC Special Investments 10% 7,924 79,241 Ontario Teachers’ Pension Plan Board 10% 8,089 80,891 Canada Pension Plan Investment Board 5% 10,457 209,143 ABP Investments 7,920 10,000 10,400 10,835 11,520 $12,426 Allocation 132,000 56,000 130,000 69,900 128,000 $207,100 Total Assets 6% 15% 8% 16% 9% 6% % To PE Florida State Board of Administration Washington State Investment Board New York State Common Retirement Fund California Public Employees’ Retirement System California State Teachers’ Retirement System Oregon State Treasury ($ mil) Institution
32. Reasons For Concern: Funds Bigger In U.S. (1) Estimated target fund size. Source: Firm press releases; Citigroup Estimates; Capital IQ; PEI Average % increase: 130% Blackstone V KKR Millennium II Apollo VI Bain Capital IX TH Lee VI (1) (1) TPG V Warburg IX (1) Carlyle V
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34. Reasons For Concern: Funds Bigger In Asia Source: Capital IQ Average % increase: 141% CVC Asia Pacific II Carlyle Asia Partners II CCMP Capital Asia II Newbridge Asia IV Carlyle Japan Partners II
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39. Reasons For Concern: 2005-2007YTD: 9 of 10 Biggest U.S. Buyouts Source: Dealogic; FT; WSJ; 2006-2007YTD ‡‡ Estimated, deal not closed ‡‡ ‡‡ ‡‡ ‡‡ ‡‡ KKR/TPG/GS United States TXU $45.0 2007 Bain/Lee United States Clear Channel 25.7 2006 Apollo/TPG United States Harrah’s 25.7 2006 Blackstone United States EOP 36.0 2006 Carlyle/Merrill/CDR SuperValu/CVS/Cerberus Blackstone/Carlyle/Permira/TPG Carlyle/GS/AIG KKR KKR/Bain/ML Acquirer United States United States United States United States United States United States Location Freescale 17.6 2006 HCA 32.7 2006 Albertson’s 17.4 2006 Kinder Morgan 21.6 2006 Hertz 15.0 2005 RJR Nabisco 31.4 1988 Target Value Date ($ bil)
40. Reasons For Concern: 2005-2006: 7 of 10 Biggest Buyouts in Europe Source: Dealogic; 2005-2006 ‡‡ Estimated, deal not closed ‡‡ ‡‡ Renova Group Russia SUAL Holding 5.2 2006 Permira/Saban Germany ProSiebenSat 7.7 2006 3i/Colonial First State UK AWG 7.9 2006 Weather Invest. Italy Wind Telecom. 12.1 2005 KKR/Wendel France Legrand 5.0 2002 KKR/Silverlake/Apax/Bain/ Alpinvest Netherlands Philips Semiconductor 7.4 2006 Apax/Blackstone/KKR/Permira/ Providence Denmark TDC € 12.8 2006 Value (€ bil) AlpInvest/Blackstone/ Carlyle/Hellman/KKR/Lee Netherlands VNU 9.2 2006 BC/CVC/Permira Italy Seat Pagine Gaille 5.7 2003 UK Location 5.6 Madison Dearborn Acquirer Jefferson Smurfit sub. 2002 Target Date
41. Reasons For Concern: 2005-2006: 6 of 10 Biggest Asia (ex Japan, Australia) Buyouts Source: Dealogic; 2005-2006 ‡‡ Estimated, deal not closed Ripplewood Korea Daewoo Electronics 721 2006 Onex Singapore Omni Industries 799 2001 CVC/Fransisco/Court Square Warburg Pincus KKR MBK Partners Gilbert Global Equity Colony Lone Star GS Acquirer Korea India India Taiwan Korea Singapore Korea China Location Hynix Semicon. 822 2004 Anam Semicon. 950 1999 ICBC $2,582 2006 HDFC Securities 874 2000 China Network Sys. 932 2006 Raffles 1,019 2005 Flextronics Software 900 2006 KEB 1,194 2006 Target Value Date ($ mil)
42. Reasons For Concern: 2005-2006: 6 of 10 Biggest Japan Buyouts Source: Dealogic; AVCJ; APER; 2005-2006 ‡‡ Estimated, deal not closed Cerberus/Nikko Japan Seibu Railway Co. 1,390 2005 Harbor Holdings Japan World Co. 1,900 2005 Colony Capital Ripplewood/ABN/ Bank of Nova Scotia/Citi GS/Mori Trust Unison Capital Carlyle/Kyocera GS/Newbridge/Ripplewood/TVG/PPM GS/Daiwa/Sumitomo Mitsui CVC/Nomura Acquirer Japan Japan Japan Japan Japan Japan Japan Japan Location LTCB/Shinsei Bank 1,149 1999 Fukuoka Hawks Town (from Daiei) 915 2003 DDI Pocket/Willcom 2,023 2004 Skylark $3,155 2006 Recruit Cosmos 1,516 2005 Japan Telecom 2,210 2003 Fujita Corp. 1,349 2005 Sanyo Electric 2,585 2005 Target Value Date ($ mil)
43. Reasons For Concern: 2005-2006: 7 of 10 Biggest Latin America Buyouts Source: Dealogic; 2005-2006 Advent Uruguay Banco Comercial 167 2005 Advent Argentina OCA 280 2004 GP Investimentos Brazil CEMAR 350 2003 Newbridge/Advent/Capital Heartland Industrial Oaktree/Onex Southern Cross AIG Blackstone/Soros/AIG Advent Acquiror Mexico Brazil Mexico Chile Brazil Mexico Brazil Location Controladora Milano 200 2006 ESSBIO 405 2006 Brasif Duty Free Shop $500 2006 Grupo Cinemex 285 2002 Grupo Providencia 466 2006 COTEMINAS 200 2005 Avantel 500 2006 Target Value Date ($ mil)
44. Reasons For Concern: Credit Statistics Tighter in U.S. / Convenants More Favorable Source: Standard & Poor’s LCD; excludes Media and Telecom loans; data as of 4Q06 30% 52% (34%) (36%)
45. Reasons For Concern: Credit Statistics Tighter in Europe / Covenants More Favorable Source: Standard & Poor’s LCD; data as of 4Q06 29% 26% (13%) (15%)
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61. The Similarities & Differences Between The Tech Bubble Burst of 2000 & The Current Private Equity Markets: Are We On The Verge Of A PE Bubble Burst? David M. Rubenstein Co-Founder and Managing Director February 28, 2007