

Google, Microsoft, and Snap earnings, plus the state of VC in the Middle East | E1834
7 snips Oct 25, 2023
Explore the dynamic state of venture capital in the Middle East, with insights on its evolving ecosystem and the cultural shifts making it a startup hotspot. Dive into the Q3 earnings reports from Google, Microsoft, and Snap, highlighting Google's revenue growth against cloud struggles and Microsoft's triumphant financials propelled by AI. Discover Snap's revenue resurgence amidst ongoing challenges. This episode captures the exciting intersections of tech, finance, and entrepreneurship, offering a tantalizing glimpse into the future.
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Middle East VC Boom
- The Middle East, particularly Saudi Arabia, is experiencing rapid economic and social change, driven by a commitment to venture capital.
- This reminds Jason Calacanis of the startup ecosystems that emerged in Stockholm and Australia.
Future of VC
- Jason Calacanis predicts the Middle East will become the second largest player in venture capital within 10 years.
- This growth will be driven by family offices transitioning from traditional businesses to venture capital.
Relocate to UAE
- Founders struggling with EU regulations should consider relocating to the UAE.
- The UAE offers golden visas, grants, tax benefits, and other incentives.