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Showing posts from May 17, 2015

Where he once collected food stamps, Jan returned to sign a $19B deal

Jan Koum toiled at Yahoo for nearly ten years. His attempt to get a job at Facebook was turned down. Jan developed WhatsApp. The number of users quickly surged to hundreds of millions. This time Facebook bought his firm for $19 billion – the most expensive acquisition ever for a venture-backed startup. Jan signed the deal papers at the site of the social-services office where he once stood in line to collect food stamps. This only happens in the US!

Singapore success and the US connection

The nation of Singapore is admired the world over. Founding father Lee Kuan Yew (who died recently) envisioned the big picture as well as sweated the details to take Singapore FROM a country of unruly politics, high unemployment, high inflation, and evaporating economy TO a country with the world's busiest port, top airline, and tenfold increase in GDP (between 1965 and 80). Lee had a US connection. He remained – until the end – a fan of American entrepreneurship and ingenuity. To help keep peace in Asia, he provided safe harbor for US warships. Besides, much of the foreign investment that poured into Singapore was from US tech companies.

More: Time, April 6, 2015