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Valve and five game publishers fined millions for geo-blocking Steam games in EU

The Verge

The European Commission says the geo-blocking was to prevent games being activated outside Czechia, Poland, Hungary, Romania, Slovakia, Estonia, Latvia and Lithuania. Such practices deprive European consumers of the benefits of the EU Digital Single Market and of the opportunity to shop around for the most suitable offer in the EU.”.

Game 111
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Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia

TechCrunch

Though it is based in Latvia, Jeff will continue focusing on unbanked people in South and Southeast Asia, said founder and chief executive officer Toms Niparts. Jeff currently claims more than 300,000 users in Vietnam.

Asia 102
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France’s strategy for EU startup policies: Talent and money

TechCrunch

In other words, it’s a set of best practices that can be shared among Member States. In addition to compiling best practices, it can provide technical support and monitor progress. The ESNA will share best practices so that Member States see how their respective regulation compares with European standards.

Policy 86
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How To Survive And Then Reset To Ultimately Thrive

Eric Jacobsen Blog

Survive, Reset, Thrive (SRT) is a practical and innovative interconnected three-mode approach : Survive : Stabilizing your business when a shot hits. Why is it important for leaders to conceptualize the strategy as a continuous practice, rather than a checklist? Taking proactive measures. Moving quickly in response to disruptions.

Change 116
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Do You Need an AI Impact Statement?

DataRobot

According to the Guinness Book of World Records, the largest Rube Goldberg consists of 412 steps and was achieved by Scandiweb in Riga, Latvia, on December 2, 2016. There are even fun contests to build fantastically complicated machines, complete with official rules. AI governance should be proportionate to the risk.

Impact 52
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Pitch Deck Teardown: The Perfect Pitch Deck

TechCrunch

What could be improved: This company is based in Riga, Latvia, which is in north-eastern Europe. In my pitch coaching practice, I often have to ask my clients, “What are you trying to convey here?” That might “disqualify” it for a lot of investors who have location as part of their investment thesis.

Slides 72
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On Friday the EU will put startup-friendly legislation to member states — will they sign up?

TechCrunch

The idea is for EU Member States to implement a set of “best practice” policies for startups (many of which already exist in parts of the EU), ranging from startup visas to better implementation of stock options in company law. Therefore, its significance is not to be underestimated.

Germany 103