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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

Saudi Push for Tech Deals Stirs Silicon Valley Debate

Posted on 18 July 2016

As Saudi Arabia and its oil-rich sovereign-wealth fund prepare to become bigger players in tech deal making, Silicon Valley insiders are weighing the consequences. Technology investors like to tout the social benefits of the companies they support. But the industry often overlooks investors’ own principles and beliefs, focusing more on their investment record and size of their checks.
To some venture capitalists and founders, Uber’s agreement with Saudi Arabia represented its tacit endorsement of that government. Saudi Arabia is the only country in the world where women aren’t allowed to drive, and one of several countries where homosexuality is illegal………………………………………..Full Article: Source


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