Subscribe to our free daily newsletters
. 24/7 Space News .




Subscribe to our free daily newsletters



INTERNET SPACE
Surf's up for startups at Web Summit 2017
By Thomas CABRAL
Lisbon (AFP) Nov 7, 2017


The next generation of Internet giants gather this week in Portugal for four days of tech-fuelled networking, nights out and -- for the first time this year -- surfing of the offline variety.

Web Summit, which likes to promote itself as "the Davos for geeks" and provides a platform for startups to hook up with venture capitalists and hear about new trends from industry leaders such as Facebook, will see around 60,000 tech experts convene in Lisbon, where participants will look to catch a break either in or out of the water.

"Lisbon is kind of the surf capital of Europe, so not going surfing would be a very significant missed opportunity," said Web Summit CEO Paddy Cosgrave.

Around 250 participants arrived in the Portuguese capital ahead of Tuesday's official start to enjoy some of Europe's best waves.

Mircea Baldean, founder and CEO of Canada-based startup MeetVibe, said he was looking forward to the networking opportunities at the event.

"It's my first time in Lisbon, my first time surfing and my first time at Web Summit... as an entrepreneur you have to be ready to do new things every day."

But the event isn't all beach shorts and wipeouts: there's serious money up for grabs with some of the world's largest tech firms scouting for the next big app or technology in which to invest.

Organisers claim that around a third of startups who display their products at the Web Summit find a donor within 12 months.

"We've got 1,500 of the most active investors from around the world and a sample of 2,000 really high potential startups," said Cosgrave.

Speakers at this year's event include former US President Al Gore, UN Secretary General Antonio Guterres and former olympian and campaigner Caitlyn Jenner -- as well as representatives from Internet giants such as Amazon and app-based behemoths Uber and Tinder.

- Work hard, play hard -

The stakes are high: organisers say one fifth of all venture capital invested in the last three years went to firms that participated in Web Summit -- accounting for tens of billions of euros.

But they are also open about its out-of-hours approach to networking, and hope relationships forged in the bars and restaurants of Lisbon can go on to power the next waves of online innovation.

"The truth is a lot of the best relationships are built over dinner, over long walks in the city and other social activities. So we put a huge emphasis on what happens after 5 pm," said Cosgrave.

For Michael Memeteau, a founder of an energy startup who will be acting as an unofficial guide for one of the after-hours "pub crawls", it's the social aspect that makes Web Summit so popular.

"The thing is to keep some energy for the night, as the quality of exchanges is better," he said. "In fact I'm only going to go to three of the actual talks."

Tommy Otzen, CEO of Danish start up Kubo Robot and winner of last year's Web Summit "Pitch" competition to find the best new firm, said his company received a one-million-euro investment off the back of the conference.

"Our success at last year's Web Summit was what triggered that relationship, because we got a lot of media attention," he said.

tsc/pg/su/iw

Facebook

AMAZON.COM

INTERNET SPACE
Sprint, T-Mobile scrap merger talks
San Francisco (AFP) Nov 4, 2017
US wireless operators Sprint and T-Mobile announced Saturday they had called off merger talks after failing to clinch mutually agreeable terms, ending a potential tie-up that would have dramatically impacted the sector in the United States. T-Mobile, an affiliate of Germany's Deutsche Telekom, and Sprint, a subsidiary of Japan's SoftBank, are the third and fourth largest US wireless operator ... read more

Related Links
Satellite-based Internet technologies


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

INTERNET SPACE
How Does Your Space Garden Grow

NanoRacks Deploys Second Kaber-Class Microsatellite This Week, First On-Orbit Assembly

Saudi Arabia to invest $1 billion in Virgin Galactic

Scientist devises a solar reactor to make water and oxygen from moon rocks

INTERNET SPACE
Arianespace to launch Embratel Star One D2

What Ever Happened to Sea Launch?

SpaceX launches Korean satellite, sticks rocket landing

Arianespace to launch Inmarsat's fifth Global Xpress satellite

INTERNET SPACE
Next Mars Rover Will Have 23 'Eyes'

In desert of Oman, a gateway to life on Mars

Winters leave marks on Mars' sand dunes

Winters on Mars are shaping the Red Planet's landscape

INTERNET SPACE
Space will see Communist loyalty: Chinese astronaut

China launches three satellites

Mars probe to carry 13 types of payload on 2020 mission

UN official commends China's role in space cooperation

INTERNET SPACE
New Chinese sat comms company awaits approval

Myanmar to launch own satellite system-2 in 2019: vice president

Eutelsat's Airbus-built full electric EUTELSAT 172B satellite reaches geostationary orbit

Turkey, Russia to Enhance Cooperation in the Field of Space Technologies

INTERNET SPACE
Liquids take a shine to terahertz radiation

Voltage-driven liquid metal fractals

Jellyfish-inspired electronic skin glows when it gets hurt

One-step 3-D printing of catalysts developed at Ames Laboratory

INTERNET SPACE
Overlooked Treasure: The First Evidence of Exoplanets

Scientists discover new type of deep-sea hunting called kleptopredation

'Monster' planet discovery challenges formation theory

One small doorstep for man: Cosmic mat welcomes aliens

INTERNET SPACE
Jupiter's X-ray auroras pulse independently

Haumea, the most peculiar of Pluto companions, has a ring around it

Ring around a dwarf planet detected

Helicopter test for Jupiter icy moons radar




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement