in , ,

Samsung starts $100 million venture funds for start ups in Silicon city

Samsung Logo on Wall

There are a lot of start up companies coming up on a daily basis in the Silicon Valley. If you have an idea that can revolutionize, or even change some aspect of our daily life, you can turn that into reality by hiring a few engineers who will be willing to work for a start up. There are in fact more such engineers than one would expect.

But one of the major factors which matters
for a start up is funds. Not all awesome ideas originate in the minds of millionaires. And it is not so easy to find an investor who would be happy and willing to invest in your ideas, and ready enough to lose or profit millions of dollars.

Now, we all know Samsung. The South Korean consumer electronics company which has changed the world of electronics in so many ways that it is in turn changing the world. We have a number of Samsung in our lives, starting from TVs, to refrigerators, to smart phones, to tablets, to what not. The company has already become a market leader. Now, it wants to ride a different horse.

The South Korean tech giant wants to become an investor for Silicon Valley start ups. Yes, you read it right. The company now has a $1 million venture fund that it will invest in early stage start ups in the Silicon Valley. The funding will concern remote computing, cyber security, mobility, and mobile privacy. “The fund, known as the Samsung Catalyst Fund, will function more like a seed investment fund and will work alongside the larger $1 billion Samsung Venture Fund in providing partnership opportunities and guidance to startup companies,” writes Boy Genius Reports.

Young Sohn, the president and chief strategy officer of Samsung’s device solutions unit says, “Our role is not to be an incubator. We are going to be bringing expertise to these companies.” This is a good news for a lot of start up companies who are looking for funding.

Source: Boy Genius Reports

Leave a Reply

Your email address will not be published. Required fields are marked *

The Redmond based software giant, Microsoft, has a good hold on the market when it comes to computers, both desktops and laptops. But in the post PC market, eh. There are many players in the post PC market who do better than Microsoft. For example, Apple is doing very well in the tablet and smart phone market, and Samsung has become the top dog when it comes to Android based smart phones, but may not be for tablets. Coming back to PCs, there are a number of Linux based operating systems on the rise, Ubuntu is on the top and being the operating system of choice for many people. The operating system was just introduced on smart phones as well. Microsoft may be a bit scared of what these Linux based operating system might do to the PC market, and servers as well. Microsoft offers the exact same thing that these offer, an operating system for both stand alone personal computers and servers. Dell is one of the major partners that bring revenue to Microsoft. Dell puts the latest Windows operating system on its computers, thereby charging its customers for every such issue of the operating system sold, and in return paying to Microsoft. But lately, Dell and a few other original equipment manufacturers (OEMs) have been releasing laptops with Linux based operating systems on them, which is bad for Microsoft. So, the company decided to load Dell a good amount of money, $2 billion. This way, Microsoft is influencing the presence of itself on Dell hardware, again, both PCs and servers. This way, the alternative operating systems, which are based on Linux, will find fewer places in Dell’s hardware line. You may say that influencing one such OEM will not make a big difference. But when you are talking about the world’s third biggest PC manufacturer, it does make a difference. What do you think?

Microsoft scared of Linux, hence loans Dell to distribute PCs with Windows

Android’s Next Step: Marketing for the Mini Consumer