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Why utilities need to be back in public hands

Start Up Blog

Energy is shifting away from coal to renewables (primarily solar) and we need to build out an ‘energy internet’ to replace our ageing grid. These are industries where the most efficient way to serve a market is with a single operator or system. Just this week I was in Sri Lanka and they already have 5G well underway.

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Facebook Acquires Israel’s Snaptu For an Estimated $60-70 Million

VC Cafe

Founded in 2007 by Ron Makavy, Micha Berdichevsky, and Barak Naveh, Snaptu raised a total of $9 million in three rounds: $3 million from Carmel Ventures, $5 million a year ago (March 2010) from Sequoia and $1 million from private investors, including Spotlab, an angel fund operated by former Israeli MP Neomi Blumental. source: [link].