Starting soon-'Venture Capital: Economic Rocket Launchers'🚀panel at #FII6 with VCs:
💠@KhaledAlwaleed
💠@HaniEnaya
💠Dr. Klaus Hommels
💠@christine_tsai
💠Saleh Romeih
💠GV Ravishankar
Moderated by Fadi Ghandour.
Tune in to the @FIIKSA livestream
.@khaledalwaleed: “Venture capital is the root of everything innovation - more money was given to VCs by LPs through the first 3 quarters of 2022 than in any prior full year. So long as there is innovation, there will be VC.” #FII6#venturecapital@FII6
.@khaledalwaleed in conversation with Fadi Ghandour: "Dry powder - more money - is around than ever before and nothing of innovation would be possible without VC backing - web3, digital everything, that's VC at work." #FII6#venturecapital @FII6
“This growth at any cost model isn’t current, a lot of VCs are telling founders to conserve capital – it’s a good thing, we have to focus now. For the next while, we will see quality capital deployed in quality companies.” - @KhaledAlwaleed | @FIIKSA #venturecapital#FII6
Moderator Fadi Ghandour agrees with panelists, asks a key question: "Have we taught founders to spend?" Wondering if founders have the skills to make it through a cash-constricted market, echoing @khaledalwaleed sentiments on more conservative burn. #venturecapital#FII6 @FIIKSA
Venture capital panelists all agree on a needed market correction, and that low interest rates on capital fueled what can be considered less studied spending by founders, encouraged by VCs. #venturecapital#FII6 @FIIKSA
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.@KhaledAlwaleed explains alternative proteins, the various types of startups working in food tech solutions, and cites data on GCC's reliance on imports, adding that Saudi's interest in #foodtech is leading the way alongside the UAE #KAUST_SustainableFoodSecurityKSA | @kaustcda
"Education around precision fermentation & other types of food tech needs to be ramped up," -@KhaledAlwaleed adding that a barrier to mass adoption from a cultural perspective is global, not unique to any 1 region. "Regulatory approval is a must" #KAUST_SustainableFoodSecurityKSA