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Out of quarterfinals, PH volleybelles stay unfazed as they eye 5th place

first_imgNorth and South Korea plan to bid for 2032 Summer Olympics Allen Durham still determined to help Meralco win 1st PBA title No wonder Japan, fielding its Team B, remained unfazed by its two losses in Group A. Chinese Taipei finished the preliminaries without a win in Group B.That left the teams in Group C composed of Australia, Iran, Kazakhstan and Philippines to fight for the last two slots in the quarters. Australia and Iran came from behind to beat the Philippines via five sets.“The team takes this as a blessing in disguise,” said Delos Santos. “We played 14 sets in three matches, we need to recover and rest.”He said that had the Philippines made the quarterfinals, it would have played four straight days and ended up facing a top ranked team.“And now we have two days to prepare. Today we had weights training and then tomorrow ball training,” added Delos Santos. “Now we are in better shape to come up with higher placing.”ADVERTISEMENT Don’t miss out on the latest news and information. Nadine Lustre’s phone stolen in Brazil Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award LATEST STORIES Gov’t to employ 6,000 displaced by Taal Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college The team went down the to pump weights in the Sima Thani Hotel gym before heading to lunch Wednesday. The  Filipinas are set to watch Korea-Chinese Taipei quarterfinal match at Korat Sanchai Hall before heading to the swanky Terminal 21 Mall.“No need to think about what could have been, we are taking it very positive and move forward,” said coach Shaq delos Santos.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissThe Philippines, with Alyssa Valdez, Mylene Paat and Aby Marano leading the charge, destroyed Kazakhstan Tuesday night to post its first win in the Asian Volleyball Confederation Asian Cup here.The win could have easily qualified the country to the quarterfinals, but tournament used a new format that automatically seeded six teams in Groups A and B (China, Thailand, Korea, Vietnam, Japan and Chinese Taipei) to the quarterfinals based on their performances in the Asian Championships last year. Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew MOST READ Japeth Aguilar embraces role, gets rewarded with Finals MVP plum FILE – Philippine women’s volleyball team during the 2018 Asian Games. POOL PHOTONAKHON RATCHASIMA, Thailand — Team Philippines quickly became known here for strong court presence as well as for its winsome, pretty players.So it’s not surprising that when the news came of its exclusion from the quarterfinals, the Philippines simply brushed it off — and with a hair flip so to speak.ADVERTISEMENT Tim Cone, Ginebra set their sights on elusive All-Filipino crown Phivolcs: Slim probability of Taal Volcano caldera eruption They will face on Friday the loser of the Korea-Taipei match in the classification match. A win would line the Philippines up for battle for seventh place, while a loss would toss it to a contest for 9th.The best scenario is for the country to win on Friday and then on Saturday against a still undetermined opponent to finish fifth, its best ever in the tournament.“In reality, we are fighting in the level of 5th down,” said Delos Santos. “We are not there yet, but we are getting there.”With the way they played in the preliminaries, it’s only a matter of time before the Filipinas — the sport’s biggest stars back home — take the spotlight.Sports Related Videospowered by AdSparcRead Next View commentslast_img read more

Body found in Mahdia Backdam

first_imgThe body of an unidentified man was on Sunday morning found several miles from the township of Mahdia, Region Eight. Based on reports received, passersby saw the body floating in a river and immediately alerted the police.The body, according to information gathered, did not have any marks of violence and it is believed that he might have drowned during the recent flash flood in the area.When contacted, an official explained that the person might not be from Mahdia but might have been a miner who travelled into the area looking for employment.Nevertheless, the body was taken to the Mahdia Hospital Mortuary and is awaiting a post-mortem examination. Mahdia has experienced severe flash flooding over the past two days with hundreds of residents affected and having to move to higher grounds.The Civil Defence Commission (CDC) responded promptly with aids to the affected residents. In addition, it has been assessing the damage caused by the flood with the aim of having the lives of the residents returned to normalcy.last_img read more

Opposition, Govt clash over breach in fiscal laws for property valuation

first_imgOpposition Member of Parliament, Irfaan Ali on Wednesday called out Government for what he said was a violation of the Fiscal Management and Accountability Act with the commencement of works in the property valuation project ahead of the official start which is scheduled for next year.However, Communities Minister Ronald Bulkan in his defence claimed it was a pilot project that was started this year.The Administration is moving full steam ahead with its property valuations for 2019 with a $320 million contract which was signed with the Municipal Property Assessments Corporation of Ontario (MPAC) and AxiLogic Inc in October to bring property taxes up to date. Though the allocation was detailed in the 2019 Budget estimates, Ali questioned why the project was allowed to begin without thePPP/C MP Irfaan Alirequisite approval from the National Assembly.“Would the honourable Minister agree that any resources spent before 2019 is in contravention of the Fiscal Management and Accountability Act, Section 4 because grants and loans are part of public monies,” Ali questioned.Bulkan responded “the Cabinet has approved a contract in the sum of $320 million to allow for this service. What I have said is that a pilot has started in 2018 and the project itself is expected to start in 2019. Ali retorted that he was very happy to learn that Cabinet was still approving contracts. He continued asking if any money was spent outside of the $330 million contract that was signed.“What we are addressing now is expenditures for 2019 Budget; this project is expected to be executed in full in 2019,” Bulkan outlined.Ali, a former Housing Minister under the previous Administration highlighted that it was a report of Government media agency DPI (Department of Public Information) that reflected that works commenced last year but Minister Bulkan advised his colleagues that all of what is reported is not necessarily correct as he outlined that he is only dealing with provisions for 2019.“It is not in general what is being reported has a high degree of accuracy. There is a contract entered into between the Ministry and Municipal Property Assessments Corporation of Ontario that will allow for mass property valuations over a 12-18-month period,” Bulkan explained.As the clash continued, Ali again clarified is question, asking the Minister if any contract was signed prior to the provision in the 2019 Budget, committing any of the $320 million by the Communities Ministry. However, Bulkan said he was not too sure about “committing” but said the contract provided a “contract sum”, notingCommunities Minister Ronald Bulkanthat any commitments would flow from the 2019 Budget.“We have arrived at the destination; once the contract has been signed and there is a contract figure in that contract, there is a commitment of public resources and this is violation of the FMAA,” Ali quipped, accusing the Minister of financial breaches.Despite this, Minister Bulkan held out that he does not share this view with Ali. Bulkan said in the past, the property valuation project would allow for capacity building for the modernisation of property assessment. The Minister had outlined that the improvements to this system would further advance Local Government organs which are guaranteed in the Constitution of Guyana. The PPP/C has been saying for months that it will not increase rates and taxes in any of the areas it won at the 2018 Local Government Elections. However, at present, less than half of home owners in some local authority areas are paying the existing rates and taxes.Last year, Finance Minister Winston Jordan explained that efforts were being made to ensure the stability and self-sufficiency of the Local Democratic Organs (LDOs), to reduce dependence on subventions from central Government. Once completed, this will mean that property taxes will increase.last_img read more

Dorsey steals win from Chatsworth

first_imgMichael Palarca, who scored 24points, and Jeffrey Osborne, who added 18 points, keyed a rally that included a 7-0 run at the end of the third quarter. However, the duo combined for 17turnovers, including two by Osborne in which he was stripped by Dorsey point gaurd Steve Bennett who raced to the other end for a easy score. Another miscue came with 4:08remaining, when Osborne fumbled the ball trying to get off a potential tying 3-pointer. Oregon State-bound senior Omari Johnson scored 24 points to lead the Dons. Johnson scored eight in the third quarter during a 10-2 Dorsey run. Junior Jordan Hamilton chipped in with 16 points for Dorsey. Dorsey’s victory not only moved them into Thursday’s semifinals at top-seed Fairfax of Los Angeles, but denied Chatsworth its first bid to the Div. I state tournament. CITY INVITATIONAL The Chatsworth High boys’ basketball team self-destructed in the final two minutes with several turnovers as visiting Dorsey of Los Angeles escaped Tuesday with a 60-56 victory in a City Section quarterfinal playoff game. Chatsworth (18-8) battled back from a 12-point second- half deficit with a 16-1run to take a 54-51 lead with five minutes remaining. center_img University 47, North Hollywood 46: Jesse Zarate scored a team-high 12 points in the Huskies’ (21-12) loss to University of Los Angeles. Kenton Lee led the Wildcats (18-12) with 15 points. SOUTHERN SECTION PLAYOFFS DIV. IV-A Buckley 69, Whittier Christian 67: Richie Polan made two free throws with six seconds remaining to secure the first semifinal berth in program history for visiting Buckley of Sherman Oaks (23-6). Polan had 23 points and 18 rebounds, but it was the play of freshman Andrew Farhadi that was most instrumental for sixth-seeded Buckley. Farhadi was 7 of 7 from the field and scored 21 points, to go along with 18points, 10 rebounds and seven assists from Hussein Habibi in the win over the No. 3 Heralds (24-5). DIV. III-AA La Canada 75, Crossroads 68: Adam Malik scored 36 points for the Spartans, who trailed host Crossroads of Santa Monica 59-46 entering the fourth quarter, before rallying for the second-round win. Christian Nitu added 13 points for LaCanada (26-2). Merrick Ross scored a team-high 22 points for Crossroads (17-11). Oak Park 54, Monrovia 46: Kareem Maddox had 20 points and 13rebounds to lead Oak Park to a win against host Monrovia (14-14). Bobby Hillard added 14 points and 15 rebounds for the Eagles (22-6). Campbell Hall 99, Oaks Christian 34: Justin Holiday had 30 points, 16 rebounds and eight steals and Jrue Holiday had 28 points and seven assists as visiting Campbell Hall of North Hollywood routed Oaks Christian of Westlake Village. DIV. II-AA Burroughs 85, Temecula Valley 73: Jordan Lopez scored a game-high 25 points to lead host Burroughs of Burbank to a second-round victory over Temecula Valley (22-6). Marty Shin added 16 points for the Indians (18-11). DIV. I-AA Mater Dei 74, Westlake 53: Taylor King scored 24 points for Mater Dei of Santa Ana (27-3) in a second-round victory against Westlake. Mauro Ormedillo had 19 points for the Warriors (20-8). 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Arsenal centre back signing to solve problem at last? Five targets to consider

first_img 5 5 5 2. Leonardo Bonucci (Juventus) – Bonucci followed up an excellent season in Turin with an impressive Euro 2016 campaign for Italy. His performances have led to interest from Chelsea and Manchester United, but should Arsenal also join the chase? At 29-years-old, Wenger may prefer younger options, but there’s no doubt experience is needed in the Arsenal defence. Besides, with suggestions Wenger is starting to think about short-term success, with retirement in mind, proven world class talent may override concerns about age. 5. Jose Gimenez (Atletico Madrid) – The 21-year-old, who is reportedly on Barcelona and Real Madrid’s radar, could be considering an exit from Atletico having been left hurt by not playing in the Champions League final defeat earlier this year. He’s still learning the game, but could prove to be a defensive diamond. 5 4. Ashley Williams (Swansea City) – Williams might be a shock inclusion on this list, which some Arsenal fans may laugh off. But as captain for club and country, the 31-year-old may be just the leader needed in north London. He’s perhaps running out of time to move to an ‘elite’ club and after an excellent Euro 2016 campaign with Wales, may feel the time is right to test himself in the Champions League and with a team challenging for the Premier League title. Would Wenger feel the same? 3. Fabian Schar (Hoffenheim) – It’s not the first time Schar has been linked with a move to the Premier League, having attracted interest two summers’ ago. His performances for Switzerland at the Euro 2016 finals have enhanced his reputation further and he should perhaps be considered by Wenger. Comfortable on the ball and aggressive in his tackling – as well as being an attacking threat from set pieces – he could slot in well alongside Laurent Koscielny. 1. Raphael Varane (Real Madrid) – check out the remaining four centre backs Arsenal should consider signing this summer by clicking the arrow above, right – Varane is among the best central defenders under the age of 25, and will be Zinedine Zidane’s first choice as the long-term replacement to Sergio Ramos. But money talks and in recent years the Gunners have loosened the purse strings a little. Wenger favours building for the future and Varane fits the bill. Jose Mourinho is known to be an admirer of the Frenchman and has been linked with a bid at Manchester United. That should act as extra motive in Wenger cementing his interest. Arsenal fans are hoping their club sends a major signal of intent in the summer transfer window.They’ve already sealed a deal for Switzerland midfielder Granit Xhaka, followed by the less celebrated Japan striker Takuma Asano, but they aren’t likely to be finished yet.Reports have largely focused on the Gunners wanting to sign a world-class centre forward, but is there another area that perhaps needs as much attention – if not more – than their attacking options?Arsene Wenger’s defence has continued to receive criticism, with Per Mertesacker and Gabriel Paulista not seemingly the quality needed to bring the Premier League title to the Emirates.So should Wenger be targeting a new partner for Laurent Koscielny in the heart of his side’s defence?With this question in mind, talkSPORT has identified five centre backs Arsenal would be wise to consider a move for this summer.Take a look at the options, above, and let us know what you think – just leave a comment below… 5last_img read more


first_imgSinn Féin County Councillor Jack Murray has said that Ireland cannot afford to be partitioned any longer and that a reunified island makes economic sense.Cllr Murray made the comments as he joined Letterkenny Mayor, Gerry McMonagle and Derry City Councillor Colly Kelly to erect billboards to the promote the upcoming Uniting Ireland conference which will take place in the Millenium Forum, Derry on 28th January.Cllr Murray said: “A United Ireland is not necessary for idealistic or historical reasons alone. At a time of deep recession, reunification makes perfect economic sense. “On such a small island with a population of less than 6 million people, we cannot afford to have two health systems, two education systems and the duplication of all public services.“Donegal, more than any other county, has witnessed the detrimental effect of two tax systems and two competing currencies in such a small state. We can no longer afford a ‘swings and roundabouts’ situation where Donegal and Derry businesses boost and decline according to the strength of the pound or euro.“The Uniting Ireland conference in the Millennium Forum on 28th January promises to an exciting event which will discuss Irish Unity from an array of differing perspectives.“Of particular interest will be contributions from Donegal-born Ulster Unionist MLA, Basil McCrea who will give his unique perspective on the debate. “He will be joined by former Donegal County Council Manager Michael McLoone who will talk of the effects of providing infrastructural services in a county which shares over 90% of its land border with the North.“Former senior civil servant, business leader and economist George Quigley will also speak along with human rights and women’s activist Inez McCormack and Sinn Féin’s Pearse Doherty and Martin McGuinness.“The event is the latest in a series of conferences which have taken place over the last 14 months in locations such as Britain, United States, Australia and cities across Ireland.“Previous events have generated huge interest and the Derry event will be no different. Entry is free of charge and is open to all members of the public.”The Uniting Ireland – Towards a New Republic – conference will take place on 28th January at 1.30pm in the Millenium Forum, Derry. ‘IRELAND CAN NO LONGER AFFORD TO BE PARTITIONED’ – SINN FEIN was last modified: January 17th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Sinn Feinunited ireland conferencelast_img read more

Idiots can’t run our lives

first_imgI’VE given some thought to Gabrielino High School’s decision to cancel last week’s varsity football game against Duarte. Near the conclusion of the freshman football game between the two schools at Duarte last Thursday, gunfire was heard near the stadium. Gabrielino players were huddled near midfield until the police arrived. The frightening moment caused Gabrielino officials to postpone Friday’s football game at Duarte in the interest of safety. I understand that decision considering the fear it must have caused both football teams. Heck, I ducked for cover like a frightened baby during Monday night’s thunderstorms, so I feel for the players, fans and coaches who had to deal with the chilling sound of gunshots. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe top 10 theme park moments of 2019 It turns out the gunshots had nothing to do with students from either school, or the participating football teams according to Duarte principal Bill Martinez. It was an off-campus incident between idiots who had nothing to do with the game, and everything to do with spoiling a good time. Thank goodness no one was injured. But the question to play or not to play is a debatable one. Martinez wanted to play Friday’s game. He even offered to play the game at Gabrielino. He obviously felt the shooting was an isolated incident and that hosting Gabrielino would be like hosting anyone else, regardless of what happened the day before. Seriously, what makes last week’s game any safer than the next home game? center_img But Gabrielino officials wanted nothing to do with it. They thought like parents who do what most parents do when a situation like this happens near school. They pull their children out of class and take them home until they feel it’s safe to go back. These are two logical and understandable opinions. Which is why both decisions should be respected, leaving only the question of what would you have done? Personally, I would have played the game. I never like idiots controlling our fears. I don’t walk the sidelines every Friday night fearing something like this could happen, but I know it could. And if it does, and I’m fortunate enough to walk away from it, I’ll be back on the sidelines the following week. What am I supposed to do? Stay home and lock the doors? A few years ago there was a shooting following the conclusion of a high school all-star game at Pasadena City College, and it led to the postponement of the event at PCC the following year. Who loses? The seniors who watched the event growing up but couldn’t play because of a few idiots. Muir and Pasadena High Schools play their boys basketball games in the afternoon because of safety concerns of having the games played at night. Who loses? The parents and alumni who like most people, work during the day and have to miss the game because of the fear that idiots cause. There’s nothing wrong with administrators who make those tough decisions, because they’re doing so in the interest of safety. But I do hate that the idiots control how we think. Then again, what are you going to do? — Fred J. Robledo can be reached at (626) 962-8811, Ext. 4485, or by e-mail at 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Morehead State Outlasts The Bulldogs In Triple Overtime, 38-35

first_img Preview Andy Rice at Butler 11/14/2015 – 12:00 PM Full Schedule Roster Andrew Yarwood Stats John Bloss Michael Roane Eric Saubert Next Game: Conley Wilkins John Hugunin MOREHEAD, Ky. – Morehead State outlasted the Drake University football team to come away with a 38-35 triple overtime victory on Saturday at Jayne Stadium.“It was a great football game. Both teams fought hard from beginning to end and I couldn’t be more proud of our guys today in the way they fought,” said head coach Rick Fox. “As we said after the game they had chances where they could have folded because there was a bunch of adversity but our guys kept fighting all the way through. That’s why we had a chance to get the win in the end and we came up short. We got to move forward from this and finish the season out right.”The Bulldogs were able to keep up with the high powered Morehead offense and outgained MSU 456-426. Junior running back Conley Wilkins led Drake with a career-high 205 rushing yards on 31 carries and had a rushing touchdown. His 205 yards was the most rushing yards by a Bulldog since Scott Phaydavong totaled 208 yards in 2007 against Jacksonville.Senior Andy Rice completed 22-of-28 passes for 220 yards with four touchdowns and two interceptions. Rice’s favorite target was junior Keegan Gallery, who caught eight passes for 80 yards and a touchdown, while senior Eric Saubert added five receptions for 86 yards and two touchdowns.The Eagles’ starting quarterback Austin Gahafer threw for 229 yards with two tochdowns and completed 22-of-40 before being taken out of the game due to an injury with six minutes left of regulation. Jack Sherry came in off the bench and completed 6-of-9 for two touchdowns and 95 yards. Justin Cornwall led all receivers with 10 catches for 134 yards and three touchdowns.The offensive line and Wilkins led Drake to get the Bulldogs on the board first. The O-line created a huge hole for Wilkins to break out a 46-yard run on first play of the drive. One play later, the offensive line created a big enough hole for Wilkins to walk into the end zone from 12 yards out, putting Drake up 7-0 midway through the opening quarter.Drake had a chance to extend its lead after an interceptions by Caz Zyks, but the Bulldogs weren’t able to capitalize on the good field positions and turned it over on downs on MSU’s 36-yard line.The Eagles made the Bulldogs pay for not taking advantage of the good field position as they used nine-play 64-yard drive to tie it up at seven. Gahafer capped off the drive with a 19-yard touchdown pass to Cornwall, making it 7-7.Solid defense highlighted the second-quarter for both teams. The Bulldogs weren’t able to get into MSU’s territory in the second period, while the Eagles got into DU territory once. MSU’s Shavi Bash pushed a 41-yard field goal attempt right in the only scoring chance for either team.Another big run by Wilkins on Drake’s first possession of the second half set up the Bulldogs to go ahead 14-7. Wilkins recorded a 51-yard run and then used a pair of five-yard runs to put DU on MSU’s goal line. On fourth and inches from the goal line, Rice was stopped by his initial surge but spun off the pile to score on the quarterback sneak.Morehead didn’t waste any time to tie the game back up as it took MSU less than two minutes to score. A 30-yard reception by Cornwall set up a five-yard touchdown run for Ryan Watkins to tie it up at 14.Then with 1:37 left in the third-quarter, the Eagles took their first lead of the game, 21-14, on a 14-yard touchdown catch by Cornwall.The Bulldogs were able to tie it up at 21 on their first possession of the fourth-quarter. Drake got down to MSU’s 34-yard line and on fourth and one, Rice stepped up in the pocket to find an open Saubert, who broke a tackle to score a 34-yard touchdown. The Eagles retook the lead, 28-21, with 4:45 left in the game. Gahafer was injured during the drive and forced Sherry to come off the bench. Sherry missed his first pass, but then completed is next three attempts to put MSU on top.Rice then orchestrated a 14-play 78-yard game-tying drive with 38 seconds left in regulation. The Bulldogs marched all the way down to MSU’s 11-yard line and had to convert a fourth and four to keep their hopes alive. Rice found Andrew Yarwood to get the first down and put Drake down to the seven-yard line. On third and goal, Rice completed his fourth pass of the drive to Gallery for a six-yard touchdown.The Bulldogs lost the overtime coin toss and Morehead decided to defend first. The Eagles went on to intercept a tipped pass in the end zone to set up their offense to win the game. Drake’s defense kept MSU out of the end zone and then John Bloss blocked a 37-yard field goal attempt, forcing a second overtime.The Eagles only needed one play to score in the second overtime, as Sherry completed a 25-yard touchdown pass to Cornwall. The Bulldogs had to convert another fourth-down play to extend the game. On fourth and five, Rice connected with Saubert for a 14-yard touchdown pass to force a third overtime.The Eagles forced another turnover to start the third overtime and then went on to make a 23-yard field goal to win the game, 38-35.Defensively, fifth-year senior John Hugunin recorded a game-high 15 tackles (8 solo) with three of them being for a loss, while senior Michael Roane added 10 tackles.The Bulldogs return to action on Nov. 14 with a trip to Bulter.Print Friendly Version Rick Fox Caz Zyks Story Links Keegan Gallery last_img read more

Present and Future Geocache Hiders, This Quiz is For You

first_img SharePrint RelatedHow to hide a geocacheSeptember 3, 2019In “News”Four tips for hiding quality geocachesFebruary 19, 2019In “Geocaching Weekly Newsletter”DIY “Wow Power” for Your Next LogJune 8, 2014In “Geocaching Quizzes” Watch the New Video and Take the Geocache Hiders QuizHiding a geocache is a big step in the life of a geocacher. Having a geocache of your very own takes work. The planning, dedication, construction and maintenance required are nothing to scoff at—but when those smileys, fun-filled “Found it!” logs and Favorite Points start rolling in, it’s all worth it.If you’ve already hidden a geocache, watch this new video for a few ideas on how to take your geocache to the next level.Watch the VideoHave what it takes to hide the next great geocache? Take our new Hiders Quiz and see just how well you know the Geocache Listing Requirements and Guidelines.(Hier kannst Du den Artikel auf deutsch lesen)Share with your Friends:Morelast_img read more

ReadWriteMix Recap: How To Beat The Giants And Build A Company That Lasts

first_imgTags:#IPO#Keith Rabois#Khosla Ventures#LinkedIn#PayPal#ReadWrite Mix#ReadWriteMix#tech stocks#Xoom#yelp A Web Developer’s New Best Friend is the AI Wai… owen thomas Why Tech Companies Need Simpler Terms of Servic… Related Posts center_img Top Reasons to Go With Managed WordPress Hosting ReadWrite recently hosted Keith Rabois, the outspoken startup investor who joined Khosla Ventures from payments company Square earlier this year, at our San Francisco headquarters for ReadWriteMix, an events series featuring free-wheeling discussion with prominent tech figures.We started the conversation with an observation Rabois once made to me—tech companies have created a trillion dollars of value for investors over the past decade, but that value has been incredibly concentrated. The rise in value has come from at most 10-15 companies—the likes of Apple, Google, and Facebook.And while hundreds if not thousands of startups get funded every year, only a dozen or so even stand a chance of joining that pantheon.So the question for Rabois, who has worked at PayPal, LinkedIn, Slide, and Square, and backed startups like Yelp, Airbnb, and Yammer: What’s the trick?It’s The Product—But It’s Not Just The ProductWhen Rabois was at PayPal, he ran strategy and legal affairs—including figuring out how to deal with eBay, Visa, and Mastercard, all of which, he says, were trying to kill the payments startup. His training as an antitrust lawyer helped in figuring out PayPal’s competitive strategy—but PayPal didn’t fight primarily in the courts. It fought by getting eBay’s own users on its side.The advice is generally applicable to startups looking to build a business on a bigger company’s platform, as PayPal did by offering credit-card payments on eBay’s auctions site.An audience member asked if startups should band together to contest a company’s capricious or unfair manipulation of a platform on which they’re building businesses. Rabois said he didn’t think that would work.Instead, you have to fight by perfecting your product.“You have to build a product that real users love—not just use, but love,” said Rabois. “And you’ve got to figure out a way to get it in enough of their hands so they truly can’t live without it. Because then when the platform wants to change things, you have real people that are animated. And if those people are animated, they can go to the media, they can go to their congressmen. That’s what you have to have to protect yourself. Anything you do tactically isn’t going to help you. It’s got to be scaled, and it’s got to be true love…. Focus on that.”The Public RouteRabois is also on the board of two public companies, Yelp and Xoom. Yelp has seen a nice runup in its stock recently, and shares of Xoom, an international money-transfer service, are up from their IPO price even after a 59% first-day pop.That goes against conventional wisdom in Silicon Valley these days—that companies should delay going public as long as possible, and avoid the public markets if possible. (Evernote CEO Phil Libin, for example, has talked about his reluctance to take his company public.)Rabois said there were “two schools of thought”—entrepreneurs who are “deferring” IPOs, and entrepreneurs “who welcome it.”“If you’re building an enduring company, one that will last, say, 50 years, it is almost certain that the way you’re going to do that is by becoming a publicly traded company,” Rabois told me. “If your ambition in life is to transform the world through your product technology, and to continue to do that every generation, year after year, year after year, through different management, through different CEOs, a public company is a very good format to do that.”Rabois also noted that going public gives companies a currency for acquisitions.“It also means something to the public,” he said. “It’s actually a safer place to do business. And I think consumers react that way. I think LinkedIn going public was incredibly successful as a marketing campaign for the company. More people became aware of it and filled out profiles.”Rabois said we should expect to see more IPOs in September and October of this year.That’s just some of the ground we covered in our 45-minute chat. Here’s a highlights clip and a complete video of our talk. 8 Best WordPress Hosting Solutions on the Marketlast_img read more