April 6, 2015
Good investment lays hidden under a mountain of gold pushing startups. Startups our the worlds innovation and breath of fresh air. The deficit is to enjoin the investments to promote unique ideas that may come from those who do not fit the traditional startup archetype.
The news from Silicon Valley is the hidden gem investing in startups “This is where BBVA of Bilbao gathers intelligence on Silicon Valley startups threatening to disrupt the traditional banking system,” reports the Seattle Times in “Big banks embrace disruptive ‘fin tech’ startups.”
“BBVA, which operates in the United States under its Compass subsidiary, is one of many big banks trying to decode the ever-evolving world of financial technology, or “fin tech,” covering realms as varied as payment systems and debt collection. BBVA Ventures, which was started in 2011, has been making relatively small investments in startups, allowing the bank to gain access to the companies’ founders and early insights into how their technologies are playing out.”
“Bank executives say they are most interested in forming partnerships with the startups by making investments of as little as $500,000, rather than focusing entirely on scoring huge profits like a traditional venture-capital fund. While many of BBVA’s investments fly below the radar of Silicon Valley dealmakers, the bank has also made a few larger, splashier investments.”