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Enterprise software investments may be tepid now, but they’re poised to engage

Logan Bartlett Contributor Share on Twitter Logan Bartlett is a vice president with Battery Ventures . More posts by this contributor The SaaS Success Database Have we reached “peak software”? Just like the idea of “peak oil”—the hypothetical point at which global oil production could max out—you could say we’re approaching a saturation point for venture-capital investments in software companies. Recent data from Pitchbook shows that venture investing in software companies has plateaued: The amount of VC money invested in these companies–$32 billion last year—remained roughly constant over the last four years. The actual number of venture-backed software investments, mostly for business-focused companies, has actually declined, from 4,068 in 2014 to 2,980 last year. But software is not, in fact, a declining industry. As I explore with my colleague Neeraj Agrawal in a recent report called  Software 2018 , released last month, a closer look at the Pitchbook data shows that the falloff in software deal volumes is primarily in the Bay Area, where an overheated market has boosted valuations and caused some investors to temporarily pull back. Investment in other U.S. regions, and globally, is actually going up. Investment in software companies based in Europe, Canada and Australia/New Zealand, for example, was $5.4 billion in 2017, up nearly 69% from the previous year. Perhaps more important, a number of broader, global mega trends continue to fuel software innovation today, promising more new companies and more new jobs. These trends include everything from the rise of artificial intelligence, which is pushing software into new fields like autonomous driving, to the recent corporate tax cuts in the U.S., which could free up hundreds of billions of dollars for big corporations to buy up software startups.

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Q&A with Chris Cox, Facebook’s product chief across all its platforms, on free speech, working with fact checkers, Instagram’s toxic comments filter,…

Nicholas Thompson / Wired : Q&A with Chris Cox, Facebook's product chief across all its platforms, on free speech, working with fact checkers, Instagram's toxic comments filter, regulation   —  CHRIS COX HAS long been the chief product officer for Facebook.  He has also recently been promoted to run product at WhatsApp …

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Netgear’s Arlo security camera spinoff files for IPO; S-1: 1.9M users, 40% of US consumer connected camera systems market, ~$101M in previous quarter…

Claudia Assis / MarketWatch : Netgear's Arlo security camera spinoff files for IPO; S-1: 1.9M users, 40% of US consumer connected camera systems market, ~$101M in previous quarter revenue   —  Arlo Technologies Inc., the security-camera making unit of Netgear Inc. NTGR, +1.70% has filed for a initial public offering, seeking to sell up to $100 million in shares.

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Switzerland’s principal stock exchange, SIX Swiss Exchange, says it’s developing a blockchain-based platform to tokenize traditional securities…

Wolfie Zhao / CoinDesk : Switzerland's principal stock exchange, SIX Swiss Exchange, says it's developing a blockchain-based platform to tokenize traditional securities   —  Switzerland's principal stock exchange has announced that it is developing a blockchain-based platform to tokenize traditional securities.

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Source: Twitter has been suspending 1M+ accounts per day in recent months, more than double its rate from October, in its fight against disinformation…

Washington Post : Source: Twitter has been suspending 1M+ accounts per day in recent months, more than double its rate from October, in its fight against disinformation   —  SAN FRANCISCO - Twitter has sharply escalated its battle against fake and suspicious accounts, suspending more than one million accounts …

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Israeli publication CTech retracts claim of Apple notifying Intel about not using its 5G chips, and Intel says the "5G modem part of the story is…

Jeremy Horwitz / VentureBeat : Israeli publication CTech retracts claim of Apple notifying Intel about not using its 5G chips, and Intel says the “5G modem part of the story is inaccurate”   —  Following yesterday's report from Israeli publication CTech that Apple has decided not to use an Intel 5G modem called …

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