ALA Locks in Silicon Valley Partnership with Tech Heavy Hitters
One of our stable of tech companies just entered Silicon Valley.
The zone in southern California that is ground zero for the digital revolution sweeping the globe and making untold billions of dollars.
Silicon Valley is the home town of Google, Microsoft, Apple, Facebook, Pixar, Hewlett-Packard, Adobe, Oracle, Electronic Arts, eBay, Intel - the list goes on.
Silicon Valley is the place where digital ideas go from brainwave to billion dollar tsunamis - and Applabs Technologies (ASX:ALA) has just found a surfing buddy.
ALA has just announced it will partner with a top Silicon Valley tech incubator to find, fund and finesse the hottest technology start-ups on the planet.
ALA's new partner in Silicon Valley was founded by two tech industry heavyweights, whose first venture capital fund grew from $25k to $28 million.
Their next fund is going to be bigger, this time $25 M will be invested, and ALA will have the opportunity to invest in their choice of companies on the same terms as the Silicon Valley tech stars.
So in ALA, currently capped at $8 million, investors now have exposure and leverage to some of Silicon Valley's brightest talent, all eagerly beavering away trying to uncover the next big thing in tech.
Just who are the Silicon Valley tech heavyweights on ALA's team?