Global Bytes

John Wood: Founder Room To Read

Recommended book of the month Leaving Microsoft to Change the World by John Woodfounder of Room To Read.  An inspiring story of John’s journey in enhancing education to the less privileged children in the developing world. Get Shit Done. Watch the video to know more. Review of the book coming up soon.

India Has Landed

“We Just Lost The Moon” Tom Hanks Apollo 13

“We just lost the moon” crossed my mind when I got up yesterday in the morning and heard Vikram lander missing landing on the moon by a whisker. With 90-95% of the Chandrayaan 2 objectives achieved, India has finally officially arrived as the next dominant superpower. The feat ensured ISRO as a significant global space exploration force respected and admired globally. India has landed inspired from the title Eagle Has Landed a metaphor of the superpower status achieved by India recently. The science exploration series under Science & Technology kick starts soon. Coming up  

The other side of global economy

IMF estimates $7T or 8% of global GDP in private wealth hidden in offshore financial centers mostly from illicit activities. Further the gain government revenues would be $1T  by reducing corruption around the world by one-third. A thoughtful article mentions the risks posed by cybercrime, crptocurrencies, dark web etc. Read the article here.

India fires ahead with major reforms

Indian government boosted critical reforms in the financial sector by merging public sector banks. Read here.

 

 

McAfee, CrowdStrike and Cybersecurity

McAfee is coming out with an IPO this year and might seek a $8B valuation. TPG owns about 51% stake in the IPO with Intel as the other major investor. Thoma Bravo, the present owner of McAfee, owns an undisclosed sum of money in the venture. The turnaround in the company is due to its focus on cloud computing, yet the valuation is not close to Crowdstrike and Zscalr, which have prominence on cloud computing. CrowdStrike rallied more than 70% on the day of its listing closing at $70. Its IPO price was $34. 

Cyber threats are the most significant disruptive force in technology in the wrong way, with an annual cost of $600 billion to $8 trillion to the global economy according to Cybersecurity Ventures. The recent UN high panel report The Age of Digital Interdependence recognizes the evils of Cyber Security as a significant impediment for Digital Cooperation.

Further, the cloud is one of the most positive disruptive technologies and one of the reasons behind revival in Microsoft fortunes in recent times. An increasing number of small and medium enterprises both in developed and emerging markets move to cloud for managing the day to day operations. McAfee old rival, Symantec has given a YTD return of 21.8% this year. For one thing, McAfee is moving in the right direction. 

GIIN and SOCAP

Register for the upcoming GIIN impact investor forum or other key events in impact investing sector including SOCAP event. Here

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