Salamis Equity

Here’s What Immigrants Contribute To Your Congressional Districts

A new tool developed by New American Economy, a bipartisan immigration reform advocacy group, shows that immigrants are contributing billions of dollars in taxes and spending power to congressional districts across Dallas, North Texas and the rest of the state

The data shows that immigrants in the five congressional districts that include portions of the city of Dallas have a joint spending power of about $18.3 billion:

$1.9 billion in District 5.
$4.2 billion in District 32.
$2.6 billion in District 30.
$3.8 billion in District 33.
$5.8 billion in District 24.

Across the Dallas-Fort Worth metro area, New American Economy’s analysis shows that immigrants:

•Make up almost 19% of the population
•Pay about $10.6 billion in taxes
•Have a spending power of about $33.2 billion
•And that 102,884 own businesses
•Immigrants own about 40% of businesses and hold upwards of $13.4 billion in spending power in Dallas County alone, a separate New American Economy analysis from earlier this year found.

Source: The Dallas Morning News

https://www.dallasnews.com/news/immigration/2019/10/25/heres-what-immigrants-contribute-to-your-congressional-district/

BREAKING NEWS

Andela Announces Plans to Scale Down in Nigeria, Kenya & Uganda
*focus now on Rwanda as a pan African hub
. . “As part of this shift, we have also had to make an extremely difficult decision as it relates to a number of talented junior engineers.

Today, we are announcing that we are closing the D0 program in Nigeria, Kenya, and Uganda. Moving forward, we will be focusing D0 training efforts on our pan-African hub in Rwanda.

In addition, we will be letting go of approximately 250 Andelans in Nigeria and Uganda, with an additional 170 potentially impacted in Kenya, who we don’t believe we’ll be able to find meaningful work for over the next year. . . “

Read more via https://andela.com/insights/the-future-of-andela/

How Michael Jordan Will Make $145M in 2019

https://www.forbes.com/sites/kurtbadenhausen/2019/08/28/how-michael-jordan-will-make-145-million-in-2019/?utm_source=newsletter&utm_medium=email&utm_campaign=daily-dozen

How much of your company will VC own at the time you exit? We looked at the level of VC ownership of 122 tech companies at the time they went public to answer that question. The median and average level of VC ownership at exit was 52% and 51% respectively.

By the time of exit, VC will likely own half your business

Bravo Sammy!

VC will own 50% of your business How much of your company will VC own at the time you exit? We looked at the level of VC ownership of 122 tech companies at the time they…

Billion-Dollar AI Exits

Our timeline visualizes AI company exits valued at $1B+ at acquisition or IPO, including electric AV company NIO’s public offering and Roche's massive acquisition of cancer tech company Flatiron Health.

Artificial intelligence is a sector that attracts big investor checks: Q2’19 recently saw record quarterly funding to AI startups at $7.4B. This included several $100M+ mega-deals to companies like robotic process automation company UiPath and AI-powered insurance startup .

It’s also a sector that produces some very valuable exits.

Since 2013, 7 AI companies have exited via IPO or M&A valued at $1B+ — four of which have taken place in the last 2 years. Using CB Insights data, we visualized these 7 exits together in one timeline.

Our analysis considers first exits only. For more on billion-dollar exits, see Visualizing Tech Giants’ Billion-Dollar Acquisitions.

KEY TAKEAWAYS

• NIO is the highest-valued exit on our list. The Shanghai-based electric autonomous vehicle manufacturer went public on the NYSE at a valuation of $6.4B in September 2018. Notably, NIO still ranks as third on the list of top-funded AI startups ever, with $2.2B in pre-exit equity funding.

• The highest-valued M&A deal on our list goes to cancer-focused healthcare startup Flatiron Health. Pharma giant Roche Holdings acquired the company in early 2018, valuing it at upwards of $2.1B.

• 3 companies on our list reached unicorn valuations prior to exiting: NIO ($5B), Mobileye ($1.5B), and Flatiron Health ($1.3B).

•Auto was a popular focus for many companies on our list. NIO and GM’s Cruise both focus on autonomous vehicles, while Mobileye develops advanced driver assistance systems.

Source: CB Insights