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As India’s start-up ecosystem matures, a new trend is emerging: <keyword id="23791918" type="General" weightage="20" keywordseo="micro-acquisitions" source="Orion">micro-acquisitions</keyword>. This approach – focussed on buying smaller businesses – has become increasingly popular among Indian entrepreneurs looking for cost-effective growth avenues. Platforms like <keyword id="23791917" type="General" weightage="20" keywordseo="flippa" source="keywords">Flippa</keyword> are at the forefront of this shift, facilitating these transactions by offering a user-friendly, data-rich environment where buyers and sellers can connect seamlessly. In a country that has seen rapid growth in entrepreneurship, micro-acquisitions represent a shift from the traditional emphasis on large scale deals. And this trend is being fuelled by an influx of domestic funds and micro venture capital (VC) firms dedicated to nurturing early-stage startups. <h2>Changing Mindsets: Why Micro-Acquisitions?</h2>Entrepreneurs are turning to micro-acquisitions for the flexibility, speed and cost-efficiency that they offer. By targeting smaller, less capital intensive deals, they are able to side step the complexities of a traditional M&amp;A, making it a viable pathway for expansion and growth. Besides these can also help entrepreneurs diversify their holdings and adapt to market demands without overcommitting resources. Flippa allows Indian entrepreneurs to access a global marketplace where they can identify businesses aligned with their objectives. <h2>The M&amp;A Landscape in India</h2>While the US mergers and acquisitions market has seen slower growth, private capital inflows in India are on the rise, according to <a href="https://www.pwc.com/gx/en/services/deals/trends/private-capital.html">PwC</a>. The second quarter of 2024 proved to be a landmark period for Indian startups, with a 57% year-on-year surge in megadeals driving fundraising to an eight-quarter high of $5.2 billion, as reported by <a href="https://www.dealstreetasia.com/reports/india-deal-review-q2-2024">Deal Street Asia</a>. Flippa has capitalised on this trend. A marketplace founded in 2009 for buying and selling online businesses, it has amassed over 3 million users worldwide. As of <a href="https://flippa.com/data-insights?buy_sell=PR_DataInsights_EmbedGraphs">October 2024</a>, Flippa had 396,000 active buyers on its platform with a combined wallet of $75 billion, an increase of 15,000 active buyers month-on-month. This broad, engaged user base gives Indian entrepreneurs a diverse pool of acquisition targets, from digital properties to app-based ventures. Notably, data-driven app acquisition companies like KalaGato leverage Flippa to identify the right opportunities. “If you’re trying to get into the market, a platform like Flippa is a great place to start,” said Aman Kumar, Founder of KalaGato. <h2>Cutting Edge Technology At Work</h2>Flippa’s technology sets it apart, using a proprietary <a href="https://flippa.com/product/recommender-engine">matching algorithm</a> powered by an AI-driven graph neural network that assesses over 100 factors to match buyers and sellers. This technology streamlines the acquisition process, helping entrepreneurs find suitable opportunities more efficiently, especially in a crowded market like India, where navigating business brokers or directly approaching potential sellers can be time-consuming and fraught with challenges. “Flippa as a platform is continuously evolving. Once you start looking at exits or the potential to exit a business, then a platform like Flippa is super useful,” Kumar adds, emphasising the platform's adaptability to the needs of modern entrepreneurs. Another standout feature is its <a href="https://flippa.com/product/deal-room">multi-user Deal Room</a>. This comprehensive digital sales hub allows users to manage the entire sales process for online businesses and digital assets in one place. Sellers can communicate with buyers in real time, filter messages, and review offers and Letters of Intent (LOIs) within the Deal Room itself. This organisation is particularly helpful for entrepreneurs who may be overwhelmed by the volume of inquiries when trying to sell their business. The Deal Room provides real-time notifications about buyer engagement, ensuring that users can respond promptly and keep negotiations moving forward. Buyers are invited to the Deal Room on a scheduled basis, creating a structured interaction environment. <h2>Prioritising Security and Trust</h2>A secure transaction environment is crucial, especially for entrepreneurs new to acquisitions. Flippa’s <a href="https://flippa.com/product/insurance">insurance</a> policies offer this layer of security for both buyers and sellers. The Buyer Protect policy safeguards buyers against financial losses resulting from seller misrepresentation or breaches of warranty, covering up to 100% of the enterprise value of the business. Meanwhile, the Seller Protect policy shields sellers from potential financial losses, creating a balanced environment for transactions. This dual protection reinforces trust and allows the involved parties to focus on growth without worrying about potential hidden risks. <h2>Market Insights for Informed Decision-Making</h2>To further assist users in making informed decisions, <a href="https://flippa.com/product/market-insights/">Flippa Market Insights</a> provides valuable data on online businesses and digital assets. This tool enables users to compare prices of similar businesses, benchmark performance metrics like average order value and customer lifetime value, and access real-time sales data, including historical performance information. Users can filter this data by time period, business model, and price point, ensuring they have the insights needed to navigate the acquisition landscape effectively. Flippa’s expert vetting team reviews the stated financial performance of every asset priced above USD $50,000, providing an additional layer of credibility to the listings. <h2>A Bright Future for Micro-Acquisitions in India</h2>With the Indian startup ecosystem thriving and the appetite for micro-acquisitions only expected to grow, Flippa stands at the forefront by connecting ambitious entrepreneurs with the resources they need to succeed. Whether you’re an established business owner looking to expand your portfolio or a newcomer eager to dip your toes into entrepreneurship, Flippa offers a wealth of opportunities in this exciting landscape. So, if you are interested in starting your exit journey, get a free valuation for your business here - <a href="https://flippa.com/free-valuation">get a FREE valuation</a>. Disclaimer: This article is generated and published by the Insider Studios team. You can get in touch with them on <a href="mailto:insiderstudios@businessinsider.in">insiderstudios@businessinsider.in</a>

The rise of micro-acquisitions in India: How Flippa is driving the trend

<keyword id="19913963" type="General" weightage="100" keywordseo="Indian-startups" source="keywords">Indian startups</keyword> have experienced a remarkable surge in funding during the first eight months of 2024, with a significant increase of 53.1% compared to the same period in 2023, according to a report by <keyword id="19910824" type="General" weightage="20" keywordseo="GlobalData" source="keywords" meta.keywordsubtype="org" meta.entityname="GlobalData" meta.hostid="261" meta.entityid="GlobalData">GlobalData</keyword>. From January to August 2024, Indian startups secured $7.5 billion in <keyword id="19913965" type="General" weightage="20" keywordseo="venture-capital" source="keywords">venture capital</keyword> funding, a sharp rise from the $4.9 billion raised during the same timeframe in the previous year. The report highlighted that not only did the total funding amount grow, but the average deal size also increased. A total of 780 venture capital deals were completed between January and August 2024, compared to 742 deals in the same period in 2023. These deals contributed to the $7.5 billion raised this year, marking a 5.1% rise in deal volume alongside the impressive 53.1% growth in funding value. GlobalData's report emphasised India's growing prominence in the Asia-Pacific region as a major hub for venture capital investments, ranking second only to China. Globally, India secured a spot among the top five countries in terms of both the number of venture capital deals and the total funding value. "The marked increase in venture funding value highlights the burgeoning investor confidence in India's <keyword id="19930407" type="General" weightage="20" keywordseo="startup-ecosystem" source="keywords">startup ecosystem</keyword>,” explains Aurojyoti Bose, lead analyst at GlobalData. "India's performance signals a promising landscape in the <keyword id="20948843" type="General" weightage="20" keywordseo="VC-funding" source="keywords">VC funding</keyword> market". From a global perspective, India accounted for 7.3% of the total venture capital deals between January and August 2024, with a 4.6% share of the total funding value. Additionally, India saw a notable increase in high-value VC deals, with several investments exceeding $100 million. Some of the standout funding rounds this year included <keyword id="12437554" type="General" weightage="20" keywordseo="zepto" source="Orion">Zepto</keyword>, which raised $665 million and $340 million in two separate rounds, Meesho's $300 million round, <keyword id="20201450" type="General" weightage="20" keywordseo="pharmeasy" source="keywords">PharmEasy</keyword> securing $216 million, OYO raising $173.5 million, and Radiance receiving $150 million. These impressive funding rounds underscore the continued momentum and strength of India’s startup ecosystem in 2024, setting the stage for further growth and innovation in the coming years. (With inputs from ANI)

Indian startup finance ecosystem still going strong, report shows over 50% growth in VC funding over last year

Shares of <keyword id="19956271" type="General" weightage="100" keywordseo="Ola-Electric-Mobility" source="keywords">Ola Electric Mobility</keyword> were in a freefall today, tanking about 4.55% on the NSE and 4.88% on BSE. Today also marked 30 days since the company was listed on the bourses (August 9th), bringing down shutters on the one-month lock-in window anchor investors are mandated to hold stocks for, before deciding to offload 50% of shareholding. Around 18.18 crore shares, or about 4% of company's outstanding shares were eligible for trading in the market post the 30-day lock-in, which hurtled Ola's stock towards Rs 100. While the stock managed to gain some ground later in the day, and was trading at Rs 114.10 when the markets closed today, slightly up from its intraday low of Rs 109. However, it still remained a far cry from its all-time high price of Rs 157.4, which it had hit on August 20th, 2024. Ola Electric, which currently dominates the Indian EV space, debuted on stock exchanges last month, and was looking to raise Rs 6,145.56 crore via fresh issue, along with an OFS (offer for sale) of 8.49 crore equity shares. The IPO was oversubscribed by around 4x. Going ahead, the Bhavish Aggarwal-led startup is also set to face intense competition from fellow EV maker Ather Energy. With its IPO set to hit the markets soo, Ather is looking to raise Rs 3,100 crore via fresh issue, and an OFS of about 2.2 crore equity shares. Per the DRHP (draft red herring prospectus) filed by Ather, its net worth for FY24 stood at Rs 545.9 crore. The remaining 50% of Ola Electric's shares will be eligible for offloading by anchor investors in 60 days from now, or 90 days since the date of allotment. While this event will certainly test Ola's buoyancy in the market, the fact remains that Ola was off to a stellar start days after its listing, when the stock price accelerated to Rs 157.4 on August 20th, 2024. This skyrocketed the company's valuation well beyond that of established Indian 2-wheeler giants like Hero Moto Corp and Bajaj, albeit briefly. In fact, for a small period, Ola Electric Mobility had recorded valuations higher than that of Tesla's. For perspective, Ola's market capitalization, as of today, stood at Rs 50,327.57 crore. Bajaj Auto, which listed on the exchanges in 2008, presently has a market value of Rs 3,02,993.79 crore, while Hero Moto Corp, which was listed in 2003, currently has a market value of Rs 1,14,788.59 crore. However, ever since hitting this peak on August 20th, Ola's prices have only been on a downward journey. However, now that the stock has witnessed a price correction of sorts, the question remains- has Ola corrected enough, or are we still in for further downside? As per SEBI registered Investment Advisor Gaurav Goel, Ola continues to trade in the expensive zone despite recent correction. "The recent mercurial rise in the stock has been more on the promise it holds for the future. It is the largest <keyword id="23099550" type="General" weightage="20" keywordseo="E-Scooter-Manufacturing" source="keywords">E-Scooter Manufacturing</keyword> company in India, with 31% market share in the E2W sector, selling 3,29,618 scooters in FY24. Recently, it also forayed into the motorcycle segment with several new “Roadster” models at an attractive pricing. It is building an Ola Gigafactory for cell production in Tamil Nadu, and a Battery Innovation Centre in Bangalore", Goel explained. "However, we feel that despite attractive future plans, the stock is currently overpriced. Despite rising revenues, we need to see how quickly it is able to translate widening losses into profits", he continued. <h2>Gaping holes, take a long-term approach </h2>It is hard to overlook the wide, year on year losses that the company continues to incur. As of March 2024, the company had racked up an operating loss of Rs 1,266 crore. Per its Q1FY25 financials, the company's losses before taxes during April-June 2024 grew to Rs 347 crore, up from Rs 267 crore in the year-ago period. The company's cash flows from operating activities continued to be in red, rising from Rs 2,520.25 crores in March 2021 to Rs 15,072.71 crore as of March 2023. Generally, if a company is regularly registering negative cash flows from its primary, operational activity, it is a troubling sign, indicating that the company is spending more than what its making. Ola continues to rack up major losses in its cell business, which reported a loss of Rs 5 crore in Q1FY25. The segment's operating expenses, however, doubled from Rs 11 crore in Q1FY24 to Rs 22 crore in Q1FY25. Per Agrawal, the indigenously developed 4680 Bharat Cell, which will be integrated in all Ola vehicles starting Q1FY26, will help in bettering the company's profit margins, given that cells constitute around 30-35% of overall vehicle's cost. Which is why experts suggest not to buy into any short-term euphoria surrounding the stock, and instead, opt for a long-term approach. While there is scope, it is largely unchartered waters, which will have to face the tides of multiple market volatilities and cycles, before it starts to generate sustainable, significant returns. Goel believes that while the new vehicle segment is a good space to enter, the competition here is going to be stiff. Customer actual response in terms of sales is yet uncertain. "We recommend a buy on dips on this stock. An entry level of Rs 100 would be good point for purchase. It should be kept for the long-term, for a period of at least 3-5 years for realization of its potential"

Shares of Ola Electric have tapered down from their record-highs. Is this a good time to buy in?

<ul class="summary-list"><li>Ukraine's drone units are operating more like scrappy startups than traditional military units.</li><li>The Wall Street Journal visited a battalion that was formed by unpaid civilians but has evolved.</li></ul>Some of Ukraine's drone units are operating more like edgy tech start-ups than military units, as they continue to play an oversized role in the country's military defenses.According to a report by <a target="_blank" class="" href="https://www.wsj.com/world/europe/ukraine-gamers-drone-pilots-russia-85a1af3b?mod=hp_lead_pos82&amp;mod=hp_lead_pos8">The Wall Street Journal</a>, drone pilots are now the deadliest soldiers on the modern battlefield. And the way they operated is far from traditional military approaches.The Journal met with Clear Eyes, a drone battalion that started out as unpaid civilian enthusiasts relying on commercial drones to track Russian military movements.The battalion's headquarters now has workshops for engineers, a pilot-training school, as well as a ping-pong table.Meanwhile, the group uses houses in eastern Ukraine as bomb factories and tech hubs to modify Soviet-era rocket-propelled grenades and upgrade Russian glide bombs to create larger munitions for their drones.Heorhiy Volkov, 37, the owner of a marketing agency who leads the battalion, sometimes gives the impression of heading a startup rather than a military unit, according to the Journal.Volkov said the key to success is innovation, logistics, and communications, as well as solid military tactics."One good pilot doesn't change anything," he said, adding: "We are a team of civilians who want to kill Russians with our cleverness and technology."The Journal reported that the majority of personnel in Ukrainian drone units never served in the military before, and largely ignore aspects of ranks, including saluting and waiting for orders.Since the launch of Russia's full-scale invasion in February 2022, Ukraine has turned to drones to try to give it an edge against Russia's larger military.Ukraine has used drones to conduct strikes on Russian <a target="_blank" class="" href="https://www.businessinsider.com/russia-air-defenses-cant-stop-ukraine-from-striking-deep-intel-2024-9">ammunition depots</a>, and <a target="_blank" class="" href="https://www.businessinsider.com/ukraine-attacks-russian-energy-infrastructure-small-cheap-drones-2024-1">gas</a> and <a target="_blank" class="" href="https://www.businessinsider.com/one-drone-liutyi-behind-majority-ukraine-attacks-russia-oil-facilities-2024-5">oil</a> facilities deep inside Russia, eroding Russia's <a target="_blank" class="" href="https://www.businessinsider.com/ukraine-strikes-ammo-depots-impacting-russia-weaponry-advantage-experts-2024-10">artillery advantage</a>.Earlier this year it used unconventional strategies and innovative naval technologies, including <a target="_blank" class="" href="https://www.businessinsider.com/ukraine-says-sea-baby-drones-hit-russia-ships-anywhere-black-sea-2024-7">sea drones</a>, to go after Russia's Black Sea Fleet, forcing it to relocate away from its Crimea headquarters.<a target="_blank" class="" href="https://www.businessinsider.com/video-ukraine-night-attack-russia-position-flaming-dragon-drone-2024-9">In September, nighttime</a> <a target="_blank" class="" href="https://www.businessinsider.com/video-ukrainian-dragon-drone-appears-destroy-russian-tank-2024-10">footage</a> released by <a target="_blank" class="" href="https://www.businessinsider.com/ukraine-fiery-dragon-drones-aim-strike-terror-russia-soldiers-experts-2024-9">Ukraine</a> showed "dragon drones" dropping molten material on Russian positions, likely as part of efforts to <a target="_blank" class="" href="https://www.businessinsider.com/ukraine-fiery-dragon-drones-aim-strike-terror-russia-soldiers-experts-2024-9">instill fear</a> in Russian troops.The Journal also interviewed Oleksandr Dakhno, a 29-year-old former director of a coworking space.Dakhno is now a drone pilot who claims to have killed about 300 Russian soldiers in a year and a half, and to have once flown a drone with a 9-pound bomb into a school auditorium where Russian soldiers were sheltering.In October, Ukrainian President Volodymyr Zelenskyy said his country can now produce 4 million drones a year, and is ramping up production."In extremely difficult conditions of the full-scale war under constant Russian strikes, Ukrainians were able to build a virtually new defense industry," he added.

Ukraine's drone teams are operating more like tech startups than military units

<ul class="summary-list"><li>Before he was the vice president-elect or a senator, <a target="_blank" class="" href="https://www.businessinsider.com/trump-vice-president-jd-vance-career-facts-2024-7">JD Vance</a> was a venture capitalist.</li><li>He maintains ownership stakes in several funds, according to his disclosure forms.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/election-results-congress-historic-firsts-2024-11">JD Vance</a> is a man of many careers: attorney, author, senator, vice president-elect, and, perhaps less well-known, venture capitalist.For about six years between graduating from law school and becoming a United States senator from Ohio, Vance held various positions in the space before eventually starting his own fund, Narya Capital.Over his career, Vance has been involved in investments across a broad range of business areas. Through Narya, he continues to hold a portfolio of investments in several startups, though he gave up his role as a partner there in 2022 and doesn't actively run or advise any of the companies.<h2 id="4b0a6db6-89d6-4a96-93e8-e561475e4b10">Vance's early VC career</h2>After a brief stint at a now-defunct biotech startup, Vance got a job at his benefactor <a target="_blank" href="https://www.businessinsider.com/peter-thiel">Peter Thiel's</a> venture fund Mithril Capital.He went on to work as a managing partner at <a target="_blank" class="" href="https://www.businessinsider.com/rise-of-the-rest-steve-case-jd-vance-2018-1">Rise of the Rest</a>, part of Steve Case's Revolution venture firm. The fund's mission is to invest in companies outside major tech hubs — New York, Silicon Valley, Boston — and Vance, whose outsider persona was cemented by his memoir <a target="_blank" class="" href="https://www.businessinsider.com/jd-vance-hillbilly-elegy-transformation-trump-vice-president-2024-7">"Hillbilly Elegy"</a>, was <a target="_blank" class="" href="https://www.businessinsider.com/jd-vance-venture-capital-opioid-nonprofit-tech-record-ohio-senate-2021-8">seen as a perfect fit for the fund</a>.Vance was active in a number of deals for the firm, including leading investments in storage-sharing startup Neighbor, agtech company AppHarvest, and AI outfit Pryon, Rise of the Rest confirmed.<h2 id="114f37cf-0035-49cd-8b40-1bd02d5bdb6c">Vance co-founded Narya Capital in 2019</h2>After two years, Vance broke out on his own, cofounding <a target="_blank" href="https://www.businessinsider.com/hillbilly-elegy-jd-vance-launches-vc-fund-backed-by-thiel-2020-1">Narya Capital</a> in 2019 with investments from Thiel, former Google CEO Eric Schmidt, and VC veteran Marc Andreessen.Vance still owns pieces of the funds that he helped advise. According to his vice president and senate disclosure forms, he has a stake in Narya Capital Fund I, Narya Capital Fund II, and Rise of the Rest Seed Fund.His stake in Narya Capital Fund I is worth between $500,001 and $1 million. His holdings through Narya's Capital Fund II and the Rise of the Rest's Seed Fund are smaller, worth as much as $15,000 and $250,000, respectively, according to his disclosure forms.Through all three funds, he holds a portfolio of investments in dozens of startups. He doesn't actively run or advise any of the companies, and gave up his role as a partner in Narya in December 2022 after winning his senate seat, according to disclosure forms.It's not entirely clear which Rise of the Rest companies Vance has a stake in. The fund has two $150 million investment vehicles and did not disclose which portfolio companies are in which fund.Narya, meanwhile, has only completed one fundraise so far — its $120 million Fund I. The fund has a dozen active investments, according to its website, and because Vance has a stake in the fund, he technically owns a stake in each.The companies vary in their mission: One is a gene therapy company founded by Vivek Ramaswamy's brother, while another is a Catholic meditation and prayer app. Thiel, one of Vance's mentors, is listed as a separate investor in many of the companies, per PitchBook.Some are the type of companies that could work with the government.True Anomaly, an aerospace company for which Narya participated in two rounds of funding, <a target="_blank" class="" href="https://www.trueanomaly.space/newsroom/true-anomaly-selected-for-30m-space-systems-command-contract-in-support-of-victus-haze-tactically-responsive-space-mission">won a $30 million government contract</a> from the US Space Force in April. ValueBase, a property valuation software, lists local governments among its customer base on its website.Nayra has had two exits: <a target="_blank" class="" href="https://www.businessinsider.com/what-is-rumble-conservative-video-youtube-competitor-joe-rogan-2022-2">Rumble</a>, the conservative-leaning social video platform that went public in 2022, and AppHarvest, which went public in 2021.Criminal conflict of interest laws do not apply to the president and vice president.Luke Schroeder, a spokesperson for the vice president-elect, said that Vance has complied with all required disclosures and is not directly involved in the funds.<h2 id="883278a9-d442-4e81-aeb4-b282861515b7">Here are Narya's current portfolio companies</h2>Deal details, unless noted with a comment from the company, come from PitchBook.<table style="width: 652px"></colgroup></colgroup><tbody><tr><td>Company</td><td>Industry</td><td>Deal Description</td></tr><tr><td colspan="1" rowspan="1">AcreTrader</td><td colspan="1" rowspan="1">Farmland investment</td><td colspan="1" rowspan="1">Narya contributed to AcreTrader's $12 million Series B round in 2021. "Senator Vance has no involvement in AcreTrader's operations or strategic direction," the company said.</td></tr><tr><td colspan="1" rowspan="1">AmplifyBio</td><td colspan="1" rowspan="1">Biotech</td><td colspan="1" rowspan="1">Narya took part in the company's $200 million, early-stage investment round in 2021.</td></tr><tr><td colspan="1" rowspan="1">Atomic Industries</td><td colspan="1" rowspan="1">Manufacturing</td><td colspan="1" rowspan="1">In 2023, Narya contributed to a $16.5 million early-stage round.</td></tr><tr><td colspan="1" rowspan="1">Branch</td><td colspan="1" rowspan="1">Insurance</td><td colspan="1" rowspan="1">Narya took part in Branch's 2022 $147 million Series C. During his time at Rise of the Rest, Vance led an investment in Branch.</td></tr><tr><td colspan="1" rowspan="1">Chapter</td><td colspan="1" rowspan="1">Medicare advisory</td><td colspan="1" rowspan="1">Narya contributed to three of Chapter's fundraising rounds: A 2021 $17 million Series A round, 2022 $42 million Series B round, and 2024 $50 million Series C round. Peter Thiel is also an investor in Chapter.</td></tr><tr><td colspan="1" rowspan="1">Hallow</td><td colspan="1" rowspan="1">Religion</td><td colspan="1" rowspan="1">Narya invested in Hallow's 2021 $40 million Series B round."We worked with another partner at the fund on the investment - not with JD at all," Alex Jones, Hallow's CEO, told BI. Thiel is also an investor in Hallow.</td></tr><tr><td colspan="1" rowspan="1">Kriya Therapeutics</td><td colspan="1" rowspan="1">Gene therapy</td><td colspan="1" rowspan="1">Narya contributed to three of Kriya's funding rounds, including a $87.6 million Series A in 2020, $100 million Series B in 2021, and $430 million Series C in 2023. Kriya Therapeutics is founded by Shankar Ramaswamy, the brother of Vivek Ramaswamy.</td></tr><tr><td colspan="1" rowspan="1">Realm Alliance</td><td colspan="1" rowspan="1">Security services</td><td colspan="1" rowspan="1">Earlier this year, Narya took part in Realm Alliance's seed round.</td></tr><tr><td colspan="1" rowspan="1">Strive</td><td colspan="1" rowspan="1">Asset Management</td><td colspan="1" rowspan="1">Narya invested in Strive's $20 million seed round in 2022 and $30 million Series B earlier this year. Thiel is also an investor in Strive.</td></tr><tr><td colspan="1" rowspan="1">True Anomaly</td><td colspan="1" rowspan="1">Space</td><td colspan="1" rowspan="1">Narya contributed to True Anomaly's $100 million Series B in 2023 and $17 million Series A in 2022. The company won a contract from the US government earlier this year.</td></tr><tr><td colspan="1" rowspan="1">ValueBase</td><td colspan="1" rowspan="1">Property valuation</td><td colspan="1" rowspan="1">Narya took part in ValueBase's $6.3 million seed round earlier this year.</td></tr></tbody></table>

Before politics, JD Vance had a career in venture capital. Here are the startups he's invested in.

<ul class="summary-list"><li>Ethan Shaotran, a Harvard senior, is developing an AI scheduling assistant called Spark.</li><li>Shaotran balances his startup with full-time studies, leveraging time blocks and AI note-takers.</li></ul>This as-told-to essay is based on a conversation with Ethan Shaotran, 22, a startup founder and senior at Harvard University. It has been edited for length and clarity. Business Insider has verified his education and funding grant.I've always loved building things, and I started designing iOS apps when I was in middle school. Growing up in the Bay Area, which is known for being an <a target="_blank" class="" href="https://www.businessinsider.com/san-francisco-new-york-london-tech-where-to-live-2024-8">innovation hub</a>, also helped instill that entrepreneurship-type mindset of working hard and learning on the fly.In the last three years at college, my passion for building things reemerged, and I came up with the idea for my startup, Energize AI. My AI scheduling assistant idea, Spark, was inspired by what I was doing at school and how challenging it is to coordinate all your commitments.At the moment, I'm working on Spark on my own, and I'm in the process of taking it from private to public access. I already have a few <a target="_blank" class="" href="https://www.businessinsider.com/life-of-startup-founder-no-vc-funding-money-2023-10">paying customers,</a> which increases the need for reliability. Spark received a $100,000 grant from<a target="_blank" class="" href="https://www.businessinsider.com/openai-tech-giants-oppose-california-ai-bill-kill-switch-2024-8"> OpenAI</a> last year.I juggle <a target="_blank" class="" href="https://www.businessinsider.com/most-promising-startups-2024-according-top-vcs-2024-8">working on the startup</a> with being a full-time computer science student at Harvard. I take four to five classes each semester and take meetings with companies and customers. I spend about 85 hours a week working on the startup, most of which is spent writing code.I also constantly move around between San Francisco — where I'm based — and Harvard's campus in Boston.Here are three ways I stay on top of my startup and college commitments:<h2 id="7d49a0a8-7578-4637-ae33-7fe678ed067c">Time blocks</h2>A strategy that has worked well for me is blocking my time as much as possible. I decide when are my meeting hours, when are my other hours, and I try to abide by that as much as possible. It has been the single best way to keep me focused. For example, I will take three hours of calls, followed by one big time block for coding and working on improving Spark.Blocking my time off has been helpful because there is such a big cultural difference between academia and the startup world. I wish it was a more friendly <a target="_blank" class="" href="https://www.businessinsider.com/founders-putting-startup-dreams-on-hold-in-the-tech-downturn-2024-7">environment for young founders</a>. Among my computer science classmates, there is a very small amount of individuals who are really willing to take the risk and build something different.<h2 id="65b1c299-d7b3-43b1-87ca-6dc944af1092">AI note taker</h2>My next goal is to onboard three large enterprises and have them using Spark at a company-wide level, which means I'm on a lot of calls. I use an AI note-taker to make sure I can just stay focused on the call and not get distracted by writing things down. These note-takers transcribe the conversation and make a summary that is easy to refer to later.<h2 id="7ccfc570-62e2-4e14-901c-3257b3cd5df9">Planned distractions</h2>When I first started Harvard, I wanted to make the most of the four years and meet interesting people, like those taking liberal arts classes.I haven't been able to do as much of this since the past semester since Spark has become my first priority. But I have found arts to be a helpful distraction in between all the meetings, classes, and exams.A productivity tip that helps me is I've been taking a lot of painting, photography, or visual medium classes at Harvard. Those have been really helpful for relaxation in many ways.Going to the gym in the evenings has been very helpful in clearing my head. It is usually the hardest part of my day, and my other tasks, like taking meetings or writing code, do not seem like a big deal compared to lifting heavy weights.

I'm a Harvard senior who balances college and my OpenAI-backed startup through these 3 productivity tips

<ul class="summary-list"><li>Getting overseas funding could become difficult for Israel's tech industry amid the war, experts told Reuters.</li><li>Tech accounts for 14% of jobs in Israel and generates about one-fifth of the country's GDP.</li></ul>Israel's tech startups have already been facing a tough year attracting funding amid the implosion of a <a href="https://www.businessinsider.com/how-silicon-valley-bank-imploded-2023-3">major lender for start-ups,</a> global recession fears, and rising borrowing rates. And now, it may get harder for companies to attract funding — at least for a few months, according to experts.The tech sector is a vital part of Israel's economy — it accounts for 14% of jobs in the country and generates about one-fifth of the country's <a href="https://www.imf.org/external/datamapper/NGDPD@WEO/ISR?zoom=ISR&amp;highlight=ISR" target="_blank" rel="noopener">$525 billion</a> <a href="https://innovationisrael.org.il/en/reportchapter/high-techs-contribution-economy" target="_blank" rel="noopener">GDP in 2022.</a> It is also home to a large <a href="https://www2.deloitte.com/il/en/pages/innovation/article/the_israeli_technological_eco-system.html" target="_blank" rel="noopener">number of startups</a>, earning the tech hub near <a href="https://www.businessinsider.com/israel-tel-aviv-world-most-expensive-city-to-live-in-2021-12" target="_blank" rel="noopener">Tel Aviv</a> the nickname "Silicon Wadi" — a play on Silicon Valley. "Overseas investment will slow for the next couple of weeks and months, especially to the extent that there are still hostilities going on," Jon Medved, the CEO of OurCrowd, one of Israel's largest venture capital firms, told <a href="https://www.reuters.com/technology/war-with-hamas-threatens-funding-recovery-israels-vital-tech-industry-2023-10-10/" target="_blank" rel="noopener">Reuters</a> on Tuesday."Certainly, while we are in the midst of the war, it's hard to imagine major deals happening," Avi Hasson, a former venture capitalist and the CEO of non-profit Startup Nation Central, told Reuters.More immediately, tech companies are sorting out their <a href="https://www.reuters.com/world/middle-east/israels-tech-sector-could-face-disruptions-after-attacks-investors-2023-10-09/" target="_blank" rel="noopener">operations</a> as staff are being <a href="https://www.businessinsider.com/tech-bosses-and-workers-joining-up-to-fight-in-israel-2023-10" target="_blank" rel="noopener">called up for the war.</a>Investment in Israel's tech startups has already been falling for seven straight quarters even before the war started, according to a <a href="https://www.storydoc.com/5d662c0f663f17d29047f62992d9038e/66572350-ec72-4654-9e6c-e0f7d2c74fb1/6515192d0bd06b000b150ad7" target="_blank" rel="noopener">report</a> by the think tank Startup Nation Policy Institute, released on September 30.Tech investment in Israel fell to $5.6 billion in the first nine months of this year — 62% lower than the $14.7 billion in the same period in 2022, according to the think tank. This drop is far steeper than the 43% decline in the US and a 48% fall in Europe."A large part of the decline in Israeli investment is most likely due to the global slowdown. However, declines in Israel between 2022 and 2023 were sharper, likely caused by the political instability," the institute's analysts wrote.Despite the uncertainty, some US tech investors have pledged support for Israel.New York-based venture capital fund Insight Partners has <a href="https://twitter.com/insightpartners/status/1711425522800918782" target="_blank" rel="noopener">pledged to donate</a> $1 million to charitable organizations in Israel and will match up to another $1 million in donations. General Catalyst, another VC firm, also <a href="https://twitter.com/generalcatalyst/status/1711127989818184010" target="_blank" rel="noopener">pledged $250,000</a> for humanitarian efforts on the ground.Tech insiders also express optimism for the industry, citing Israel's reputation as an established tech hub."Israeli tech has earned the confidence of investors in terms of being able to function during conflict and also recover from it," Hasson told Reuters. "So, I don't see investors losing faith in Israel so quickly."

Israel's tech hub is a crucial part of its economy. Now, startups could face tougher funding rounds amid the war, experts say.

<ul class="summary-list"><li>UK startup Global Airlines wants to fly Airbus A380s across the Atlantic but already faces delays.</li><li>Maintenance, livery, and interior work are ongoing in the company's first superjumbo, 9H-GLOBL.</li></ul><a target="_blank" href="https://www.businessinsider.com/european-startup-airline-bought-a380-fly-between-the-us-uk-2023-5">UK-based startup Global Airlines</a>, which planned to begin flying Airbus A380s between New York and London as early as summer 2024, is already delaying its launch to 2025.A company spokesperson <a target="_blank" href="https://www.flightglobal.com/airlines/uk-start-up-global-indicates-first-flights-pushed-to-2025-as-work-on-a380-progresses/158817.article">told FlightGlobal</a> that its first aircraft — a double-decker registered as <a target="_blank" href="https://www.planespotters.net/airframe/airbus-a380-800-9h-globl-global-airlines/3v4wvk">9H-GLOBL</a> — is still in need of a complete paint job, interior, and required maintenance checks.He said the livery is being painted, and the cabin plans are "progressing," while the maintenance work is expected to start in the coming weeks and will put the airline "a step closer toward launching passenger flights next year.""[Operations] and maintenance timelines, like for any airline, have led us to reappraise when we'll be operational," the spokesperson said. He noted that 2025 "is the target" date and that the company is "working with various partners to achieve this."Global did not immediately respond to a request for comment.Since its launch, <a target="_blank" href="https://www.businessinsider.com/onlyfans-tom-stokely-joins-airline-startup-global-airlines-2024-1">Global has touted a luxurious interior for its A380</a>, which is planned to have 471 seats in economy, business, and first class.Global has so far acquired one of the four A380s it has set out to operate but has not disclosed a price. The <a target="_blank" href="https://www.businessinsider.com/global-airlines-bought-airbus-a380-fly-between-us-uk-2024-2">first is an 11-year-old superjumbo previously flown by China Southern</a> Airways.It had been sitting in a boneyard in the Mojave Desert from December 2022 until April 2024, when it made its way to Glasgow Prestwick Airport in <a target="_blank" href="https://www.businessinsider.com/airline-startup-betting-on-airbus-a380-made-first-transatlantic-flight-2024-5?amp">Scotland for the work needed to enter commercial service</a>."This was meant to be impossible, but what a super-human group of people who have a burning passion to make aviation better," Global found James Asquith said on <a target="_blank" href="https://x.com/james_asquith/status/1786016535263232094">X</a> after the flight. The 35-year-old is famous for being the youngest person to visit every sovereign country.<h2 id="b98d0b4d-7942-4a7b-8337-8004aa05f714">Global's plan is ambitious but questionable</h2>Asquith's <a target="_blank" href="https://www.businessinsider.com/etihad-airbus-a380-plane-see-inside-economy-business-first-class-2024">ambitious plan to fly the fuel-hungry A380 across the Atlantic</a> has raised eyebrows due to the quad-engine plane's inefficiency and high operating costs.The pandemic accelerated the retirement of superjumbos by airlines like Air France and Thai Airways in favor of more efficient widebodies, and a lack of orders forced <a target="_blank" href="https://www.businessinsider.com/airbus-draws-heart-sky-with-last-airbus-a380-built-emirates-2021-12">Airbus to end production of the A380 in 2021</a>.Some carriers, like <a target="_blank" href="https://www.businessinsider.com/qatar-airways-airbus-a380-not-retiring-boeing-777x-replacement-2024">Qatar Airways and Emirates</a>, have found the A380's sweet spot on very specific high-demand routes in a strong hub-and-spoke network.The NYC-London route is extremely competitive, with dozens of flights between the two cities daily.<div type="image" title="Global Airlines' Airbus A380 at Glasgow Prestwick Airport." height="1575" width="2100" msid="111148539" hostid="261" sizebytes="124240"></div>It'll be <a target="_blank" href="https://www.businessinsider.com/airbus-a380-superjumbo-history-boeing-747-emirates-2017-11">difficult to attract enough customers to fill an A380</a> — especially for a new carrier when there are already plenty of established mainline and low-cost options already available.Nevertheless, Global remains optimistic. The carrier recently announced a chauffeur service that it hopes will set it apart from the competition."I am hopeful that to-and-from airport transfers, along with some other exciting announcements we have coming up, will persuade even more passengers to fly with Global Airlines," Asquith <a target="_blank" href="https://www.globalairlines.com/article/global-airlines-and-blacklane-to-offer-complimentary-airport-rides-for-first-and-business-travellers">said</a> in a February press release announcing the special service.

An airline startup that hopes to fly Airbus A380s between New York and London is delaying its launch to 2025

<ul><li>The event focuses on Web3, D2C, metaverse, SaaS, in addition to conversations around corporate governance and building resilient businesses.</li><li>The event will include over 50 speakers, over 20 investors and has more than 20 sessions that include keynotes, masterclasses, panel discussions and exclusive lunch table sessions.</li><li>The 2-day event is spread across <keyword id="3658" type="General" weightage="100" keywordseo="india" source="Orion">India</keyword>’s leading sStartup hubs – Delhi-NCR and Bengaluru.</li></ul>Dubbed as India's largest and most definitive startup event for tech entrepreneurs, TiE Delhi-NCR’s India Internet Day (iDay) is all set to commence. The event will be held at two different locations and nation’s leading startup hubs. It is slated for September 1-2 in Bengaluru and Delhi-NCR. The theme for iDay 2022 is ‘Riding the wave: Building Winning Businesses Today’. Over 100 key industry stakeholders, ace investors, unicorn founders will be a part of conversations revolving around building resilient businesses, trends in D2C, Web3, metaverse, SaaS, crypto and beyond. Now in its 11th edition, the iconic India Internet Day has been running successfully for over a decade, curated by key leaders from the Indian startup ecosystem. iDay will showcase best practices, exciting opportunities and defining future trends. Expected attendees include tech pioneers, innovators, ideators, investors, mentors, incubators, accelerators, evangelists and budding entrepreneurs. The conference plays host to in-depth sessions, engaging keynotes by leading founders, investors and market experts of the digital world, in addition to exclusive lunch table sessions. “It has been an honour to co-chair this edition of India Internet Day, which has always been the premier event for tech entrepreneurs. The importance of this platform is even more amplified now, when founders need to learn from one another on how to build enduring, resilient businesses. Like they say - when the going gets tough, the tough get building,” said Mayak Khanduja, partner, elevation capital &amp; co-chair, India Internet Day. The exceptional line up for the event includes institution builders, leading tech entrepreneurs, nation’s best investors and policy makers including Deepak Bagla, Invest India; Mayank Khanduja, Elevation Capital; Rajan Anandan, Sequoia India &amp; SEA; Deep Kalra, MakeMyTrip; Mohit Bhatnagar, Sequoia India; Mukul Arora, Elevation Capital; Kiran Vasireddy, Kalaari Capital; Ashwini Asokan, Vue.ai, Blox.ai; Upasana Taku, Mobikwik; Ravi Chhabria, NetApp India; Gaurav Gupta, Squareboat; Ashish Hemrajani, BookMyShow; Ashish Singhal, CoinSwitch; Vidit Aatrey, founder &amp; CEO, Meesho &amp; many more. “Over the past decade, India Internet Day has emerged as a leading platform showcasing India’s internet growth story. After a resounding debut in 2012, it has grown from being relevant to being indispensable for stakeholders across the ecosystem. iDay hosts the entire gamut of the internet mobile industry in India like no other forum,” said Geetika Dayal, executive director, TiE Delhi-NCR. “This year iDay focuses on building robust, resilient &amp; future ready companies which can survive &amp; succeed in the midst of headwinds. We are happy to bring iDay to Bengaluru in collaboration with TiE Bangalore this year,” added Dayal. The conference is supported by <keyword id="3003094" type="General" weightage="50" keywordseo="startup-india" source="Orion">Startup India</keyword>, Elevation Capital, Sequoia Capital, Microsoft, AWS, Squareboat, Netapp Excellarator, Kalaari Capital, Client Associates, Google Cloud, Kalaari and NTT Data-TiE Pune. As a commitment towards being a responsible organization TiE Delhi-NCR is continuing to build on its initiatives to adopt sustainability and make its events truly sustainable. As a first formal step towards being carbon neutral, it is tracking its carbon emissions for the India Internet Day and adopting steps to reduce emissions, waste generated and water wastage. India Internet Day 2022 is going to officially be a carbon neutral event. All the emissions offset undertaken, shall be published for public knowledge, post third party validation. About TiE Delhi-NCR’s India Internet Day From its inception #iDay has set out to be a leadership conference that looks to set conversations around vision 2025 for the industry. It’s one of India’s most exciting gatherings of the internet community designed to deliver powerful content and showcase the possibilities, which the internet holds for the present and the future. The conference sees participation from all major and relevant technology companies from across the country. India Internet Day 2020 co-chairs include – Mayank Khanduja &amp; Ashwini Asokan along with the team Abhishek Gupta, Alok Mittal, Arvind Jha, Deep Kalra, Dev Khare, Gautam Gandhi, Karan Mohla, Latika Pai, Miten Sampat, Prasanto K Roy, Rajan Anandan, Rajat Garg, <keyword id="262068" type="General" weightage="50" keywordseo="rajesh-sawhney" source="Orion">Rajesh Sawhney</keyword>, Ravi Gururaj, <keyword id="8713499" type="General" weightage="50" keywordseo="shereen-bhan" source="Orion">Shereen Bhan</keyword>, <keyword id="3380503" type="General" weightage="50" keywordseo="suchita-salwan" source="Orion">Suchita Salwan</keyword> and Vani Kola – who are the torchbearers who put together the conference that has emerged as the voice of India’s internet industry. About TiE Delhi-NCR TiE Delhi-NCR is among the most active and vibrant chapters across the vast TiE network. In the last two decades, it has continuously taken the lead in creating an increasingly positive ecosystem for entrepreneurs and investors. With a strong mentor support base, marquee events and focused workshops throughout the year it has emerged as one of the most valuable platforms supporting entrepreneurship, nationally. TiE Delhi-NCR conducts a wide range of programmes to help entrepreneurs. These include TiEcon, Startup Expo, TiE Institute, TiE Young Entrepreneurs along with Special Interest Groups (SIGs) across sectors.

India’s largest event for tech entrepreneurs, TiE Delhi-NCR’s India InternetDay - now connects two startup hubs

New Delhi, March 31 (IANS) <keyword id="10387" type="General" weightage="100" keywordseo="microsoft" source="Orion">Microsoft</keyword> on Thursday launched its 'Startups Founders <keyword id="6590294" type="General" weightage="80" keywordseo="hub" source="Orion">Hub</keyword>' in <keyword id="3658" type="General" weightage="80" keywordseo="india" source="Orion">India</keyword> to support founders at every stage of their journey with access to more than $300,000 in benefits. Startups in the country will also be able to gain mentorship and skilling opportunities with industry experts and 'Microsoft Learn' initiative. The company said that the Hub is available to all startups in India, including those without third-party validation or funding. "As a platform company, our cloud services and solutions are designed to empower founders to concentrate on what they do best - innovate at their own pace," said <keyword id="1668247" type="General" weightage="50" keywordseo="sangeeta-bavi" source="Orion">Sangeeta Bavi</keyword>, Director-Startup Ecosystem, <keyword id="28250" type="General" weightage="50" keywordseo="microsoft-india" source="Orion">Microsoft India</keyword>. Microsoft for Startups Founders Hub has been created following extensive research and conversations with hundreds of founders who explicitly shared their need for access to a digital ecosystem. "We look forward to how our new offering will support more founders in <keyword id="21718" type="General" weightage="50" keywordseo="asia" source="Orion">Asia</keyword> and provide access to the technology, tools, and resources they need to build and run their business," Bavi added. As the third largest ecosystem for startups in the world, India is home to nearly 100 unicorns with a total valuation of over $320 billion. To date, the country has close to 67,000 startups that are officially recognised by the Department for Promotion and Internal Trade. Microsoft is also partnering with companies like OpenAI, a global leader in AI research and deployment, that develops AI systems to provide startups with exclusive benefits and discounts. The Hub is designed specifically for early-stage startups to lower the barriers of business creation, said Microsoft. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/india-finds-its-third-gaming-unicorn-in-games24x7/slidelist/90557732.cms">India finds its third gaming unicorn in Games24x7</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/apps/news/youtube-tv-brings-picture-in-picture-support-for-iphones-and-ipads/articleshow/90559830.cms">YouTube TV brings picture-in-picture support for iPhones and iPads</a>

Microsoft to support Indian entrepreneurs, launches 'Startups Founders Hub' in India

<ul class="summary-list"><li>A data center somewhere is powering your online shopping and binge watching.</li><li>Data centers run 24/7 and consume vast amounts of energy and water.</li></ul>Sending emails. Shopping online. Scrolling social media. Streaming Netflix.These activities seem like innocuous ways to kill a few hours. Though we may never think about how much data we're using, or the cloud it's stored on, <a target="_blank" href="https://l.businessinsider.com/a/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=08a31e55edbf46709f3ecf7b76cd4a22&amp;_e=AAWmNX6lvfNseQk9FArnnMcWwDWne3_6EExrx3b69h1Ery_kjQ6oisk61NlbFQow8FuGiQxpJ52ouGI94ugBrIc_fsPB35HfJk8v0RtzkTBCdhdTtb7RA3LQnNC7Lnpo7PnrIZ0bYzB0xinXNNCApp2TUhA9Kg6ICtSFRRctD-WcTaVzWW_Y1j1QjsAXlKHJDES_ZKrlWsG8RTZDy2S-XJjGIPyVF1f175xUg8SHlD-Xz1ljBkzPEUUMzHxDzhRYPXcEalLX7kfJKJvP_K5hVqAJMz8bXP5O-BX8A9PHjLkpfF_zAItYk45f64Zobr3K1---mdARaX5z4EGdjNZP5UcYai86ECXzdRs4aRrzWR2NpUbM4JJEs11lNn8Odq-2kleUn7jOZ8SWAQg2tLMS0LWYVBNlATPRHG2NHsafuw2O0sbszARLYaYqkXRmh8EFcwRMlxEbjvB9FNAHKV5-ow%3D%3D">there's an environmental toll</a>. Our cloud usage is powered by a growing network of data centers in buildings filled with rows and rows of routers and servers. Demand is only expected to grow as companies lean on data analytics to make decisions <a target="_blank" href="https://l.businessinsider.com/a/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=08a31e55edbf46709f3ecf7b76cd4a22&amp;_e=AAWmNX6lvfNseQk9FArnnMcWwDWne3_6EExrx3b69h0AEFBpI-6azLICztnzcbzTu2Dntfxe44dJqskVhENDXpiywuoZtGccR40fh_zuG2KUZr9EUuwgyVkIY71fFG-0MF15f8q2HK9qZ5whPXRSWJjMlQs8bdN_3Q-QMsDni13Jo-_-H0JMgV-xMFlRPi49XrAjN89_B7rFiO3ZySaKwOxIuDSRifeO0g8uSzaQV3GrrKcCuLD9Es3MuT9f_2MgE8zubGVdg-sVzaCBMRDNu0rv7TDC-YrUBCX_hnvst7qCIJkPHHfpbdijk9oaiO322qOCFSrqTXVqd8rhOhgmRn5SyjrJb8QLCrAw4Ru3JbuxxUCIyoSebClQpmOG1qbONyGEVS4dZiA0DCI4j6RiLOtI7VUI3CjDkYEBISHzTdmccZr1O_b05sXzEa-dAL9pm4EsUTPoImNV6L-UFvXxQVQV51AJJsJWMVOsBXbkFHk%3D">and increasingly use AI</a>. Data centers run 24/7 and consume vast amounts of energy and water, partly because of the giant fans and evaporative cooling required to keep temperatures low. In states including Virginia, Arizona, and Nebraska, utilities <a target="_blank" href="https://l.businessinsider.com/a/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=08a31e55edbf46709f3ecf7b76cd4a22&amp;_e=AAWmNX6lvfNseQk9FArnnMcWwDWne3_6EExrx3b69h3JG_qPXZrA3mZ8vn1mJPQADuUNJ5NUKwtfCv2hN11-Ilgsv12KmQd6appAOVoWKiSGsfEGXwjym0Ut2IrxJtJe6kOdK4W1Es9FaKpj8PmyCdPXbAfP51wIKNqzOkHKLJNz5UBHhc1Sdj4O3UPY1pLbvzccVyfBQOpTxctJGn1BhSIBoOCJ2oDje1tgWtfPuG-8DCorfJUg94IxzmDbg_eKgr38fksF_5Az5kPyqQ0-Ke54ADdBqUbWB4mb5LwfOhaNuOoELHsk0MbreE9etwNYuF3cEAKfMlCQxTQksUnUsKdm_CgAKhrw0xWljf85MZbsfdQWuSEdhSuGrQT2p8_ZQtBfbukrxPShujeS5VnqSgBK-6orMFeT3o8o4P7ZPg20L8j9Ffra9vxhUznhHBZz_qjr27fy2CT3VA7R4R12LQ%3D%3D">are considering or planning</a> more gas-fired power plants to keep up with the continuous electricity demand. Hyperscaling data centers puts tech giants like Microsoft, Amazon, and Google in a tough spot when it comes to their goals of drastically slashing greenhouse-gas emissions this decade.The problem has led to a hunt for greener data-center technologies. Among them is liquid cooling, which directly cools the tiny microchips central to electronic devices. <a target="_blank" href="https://l.businessinsider.com/u/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=08a31e55edbf46709f3ecf7b76cd4a22&amp;_e=AAWmNX6lvfNseQk9FArnnM0UMdyJzQJfcsyo_KbzoKBprvStCIQbh2AeJKUXl5p1eLvkieymUlZCrY8d-aKYkIlvd137G5LHId_OOPIhJSBBXoFGUHN9eo7-CvyQOKRdOOfxtMrKy9B3ts0qGRcUe7LroDc6yxsSUhmo21wx7DXvsTt1tgegFEyZtdASQcJu4Ahs9xpygdVMIG7ybpvkmZ938wqXu_V2r0u18SLKcuE86y5BytWaonrcdVE7x5NrGweFT2XjZixrhrXkeTKWnE1CnogT5dky9GnWe1stduTUGM_clrd3p5KQrb83g-m8AUdtmix9N1lY3IVKx_DNX9yBf_X1M6Ev731GYUWo7xaB9PTdj6MT3_d9Jwbpq-a8b02xTN1sMQfVDhzWgXUhsVsrvOakCQvicNyKzguDj3KtA7VLraGfjXq5cEK4La_ZAVg3JPCLJb6pPOID_jgvMHfAzc0H0trrpSKssu1mwj3COuf6sAZ2d0aIa7gd7uzsLGUZWe3gPenmyJXlb90QtpHIw4NMieupbC6sYBHuBr8OTGhLZJYWcklrb2wjOsjK2npAe8dGqfjQFMhLFGYbySUJ7RVHOTgh0oc9swuC12kwIYn6bmI5j0FzoWpYH6r2HmbDYQ3iV6ZfuzmT99np-UrGCjQsSGvjwTTGgUTN0EPC3OIQ5ehNHOEKItZ69TndeePxE-xmr-YCWHxaRVWyjw%3D%3D">Persistence Market Research</a> has predicted that the industry's valuation — estimated at about $2 billion in 2021 — will surge to $31 billion by 2032."We think to solve the biggest problem, you have to focus on the smallest pieces," Bernie Malouin, the founder and CEO of the liquid-cooling startup JetCool, told Business Insider. Malouin spent eight years at MIT developing metal plates with hundreds of jets that push through a water-based coolant. These solutions, known as SmartPlates, sit on top of the microchips in computer servers to "surgically remove" the hot spots, he said. Water is a lot more efficient at absorbing heat than air.Data centers have thousands of servers — just imagine how hot a room with thousands of microwaves would get, Malouin said.JetCool's technology could save data centers up to 15% of their overall power consumption, based on internal tests, the company said. A partnership with Sabey Data Centers last year <a target="_blank" href="https://l.businessinsider.com/u/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=08a31e55edbf46709f3ecf7b76cd4a22&amp;_e=AAWmNX6lvfNseQk9FArnnPl6bVAdMRiunCqnq8U4sQIWmshbkxhPebTUNaWACWtMeHkHcSuxo7OApKOPZVUUXyOJLeuI_ewUei9R50utdI46MH4wTz2-qo2AjbO50-pRRQYfhDfm6joHHWR-vSQTiEsgohFWFXcNQxsLCOJWDqSO0cls00R8-lUAHPi92Z38EfMpCzGZpFwxt5fXRYHmah5dpam3JXrEKRjqHWFAScoigFEYAbicBiT3B1T4eiVig3UClQiVkBFKY9QaG2cFZS1bdIi5QaiXzWjGDwh0PZCE9mbXcz7-TK1Vbtlv4CwfYkJImGdH6Id1yOX_wSr1W4GSZlN_ydoDXuqDRE8SpxikZpzFiGs_Xu9T22marzSzbFxExcn4mWEpXds6kPFKWHneH_ngHlpG8dx9x1Q09SqLYW5oQ996eGh8iGQDEhoMpjJYb8V9tMejYzI_f9JvUViMN5uL0V_LUlSfgLLfUCoKko41b7tbFewFo7bnhUkn5kFZy3idcQuvBOR0NcJAVrfU1X5hdVPga_3XCKqegViuEGX3FKKa7ifQugd9WzUV">demonstrated a 13.5% reduction</a> in power use. It'd be expensive for existing data centers to implement a new cooling strategy, and Malouin said JetCool's technology is better suited for new builds. <a target="_blank" href="https://l.businessinsider.com/u/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=08a31e55edbf46709f3ecf7b76cd4a22&amp;_e=AAWmNX6lvfNseQk9FArnnC_5u2wOnNcmjMcTAsIYEgbyQbzWI0NmxF7osvxokyyQ_QEA4pROpKLxmulpgZCST273ReLWo0Ktrc9GX4P2-qH5FKXy47E2N5YazDTyhVGtFZ8jngBlMWcRmAWEGF5l7i_g6Gjd-pfHcFX135GBF8PMEBO77nsBXSHwPy06UXc4_RQ749Q4Q5rfmfcwc0_5YA4ZL85LmkHz0eFKd9xVLWmLH4AvuGyGkO99xxnDooaI9oM3qkEK3pjLMLGW7Br2I2-4RUCCoZ1adtlngzu_C3hGCBs3NbtpR7tOJbWKQwWqCBchhwx1iAupzPonXdNYKWx81ALCOMhU_RFoKBr_mk4dySUhcsLkLxOZPvd_8lGsoXG85XLgzwOQo_WFXgns495LRFLPyLBupRr3GjtQZFrqwn8SV9Hk8Qv_0KPy4tKxI1uKR3PH1crp0BvcBL6xiVxvX_cG-K25BTyOfObdtg13pBHdKrUCJDMzYtCfz-zTmigBj_PT0xpU5lgI3O65T1q9xo47xKif9zdCQ2aS3NY%3D">Bloomberg reported</a> in December that Microsoft was exploring liquid cooling for the future, especially because of AI's massive computing requirements.Malouin said JetCool was working with hyperscalers on data-center hubs for AI but declined to disclose which companies. Last year Dell launched servers with JetCool's technology and the startup closed a $17 million fundraising round. Malouin said he sees a lot of potential in Europe, which <a target="_blank" href="https://l.businessinsider.com/u/click?_t=c8e10479a20f45bba5aad6c5f6fbb009&amp;_m=08a31e55edbf46709f3ecf7b76cd4a22&amp;_e=AAWmNX6lvfNseQk9FArnnJEtIPxg4XiIiWH3MwmHl7cqWQ9NToEuJ39exKhGcpIB8zlJJv5BjfRr7ChMAjf4iPOO5omD5WU5SNJiID-M0TD5y120x4dc0jgcaUVBi7fdZb6mM5BWXiVW90i0oLQ_-nLxZVMSpij9EP91TxxmpD_nPdljGsjvoMlmFnSsk85jZLQIif8UR3bh4IStUCzBqO2qlQ2S_TcRczOHLMAER-MLTZWerpaK0Ez7QdJiASuA_i0CExzUjdE4Bz58h5cdEFRTm4_WT71KaNizpGVw0SlLmx-WVzZea2aV8QZKqiNC5UV0WJ-gdcxTLmR5MMCuPha2t4lUVO2Cz1DUa2C-V5hjNiqr5vMVZjlvehbhgcqHBmafAzGclk5sXIQy7KBhEyrtkdaHNjg1oiFq9ed7idUUdhlJojWlapLE4YGkzy3dgydy7GZcunSNHDBXjJ1G8tYjspLbJ-iUOGtNz5tkm7uhFjx5jGsazgJTyJnjAiJU8armcaRi0oqEkOhbiLiTmiLlPeqOsup5koEOyUla5w8%3D">recently updated its energy-efficiency law</a> to encourage large data centers to limit their power and water use.This article is part of Business Insider's weekly newsletter on sustainability. <a target="_blank" rel="noopener noreferrer" class="c-link" href="https://www.businessinsider.com/subscription/newsletter/insider-sustainability">Sign up here</a>.

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