Tag: venture

How the Capital One Venture X Business card can unlock valuable rewards for your company

by  on  in Business Card Companies

Small-business owners have enough to worry about without always trying to maximize their credit card rewards. It’s easy enough to choose a card that promises a high sign-up bonus and lots of perks to save you money on expenses or enhance your travel. But when it comes time to redeem those hard-earned points and miles, it can be difficult to know where to start.

That’s where the Capital One Venture X Business Card comes in handy. With the Venture X Business, you’ll enjoy a simple earning structure, flexible redemption options, premium perks and an array of business-centric capabilities that place the card in a league of its own.

Here’s why you should consider the Venture X Business card for your small business.

Flexible redemption options

AJ_WATT/GETTY IMAGES

One of the most powerful aspects of the Venture X Business is the flexibility you have for your rewards — and the most efficient option for busy small-business owners is the purchase eraser feature.

This allows you to use your miles to cover travel purchases that you’ve made on your card in the last 90 days, essentially reimbursing yourself for the expense. Eligible purchases that can be covered with Capital One miles include train tickets, Uber rides and even Airbnb purchases.

You can also cover hotel stays, airfare and rental cars booked outside of Capital One Travel — allowing you to book directly with your favorite travel providers and still enjoy any elite status perks to which you’re entitled. This flexibility is unparalleled when compared to other premium business cards.

However, if you’re already invested in the world of loyalty programs, you also have the option to transfer miles to one of Capital One’s transfer partners. This can help unlock even more value for your rewards — but the important thing is that

… Read More ...

US venture capital giant Sequoia to split off China business

by  on  in Business Financial News

The venture capital giant Sequoia Capital is splitting its China business into a separate entity amid rising tensions between Washington and Beijing.

The renowned Silicon Valley group, which made bets on fast-growing tech companies such as TikTok parent ByteDance and Alibaba, said on Tuesday it would run its Chinese business as a “completely independent” entity from its US operation.

The Chinese arm will give up the Sequoia name and instead be called HongShan, a romanisation of its Chinese name, which means redwood.

The VC group will also separate its Indian and south-east Asian business into a third entity, it said, adding that the changes would take place by March next year.

Roelof Botha, managing partner of Sequoia Capital, said in an interview that a decision to break up was taken in the past few months. “It really was a very complicated decision. Over the years, we have reassessed the cost-benefit trade-off of this arrangement and whether it was the right structure for the firm. We realised it was time for this.”

Neil Shen, the billionaire founder of Sequoia China, told the Financial Times: “There’s much less in common now” between the different Sequoia entities. He said conversations about splitting the businesses “have been evolving over the last two to three years”.

The split marks an end to one of the most successful US-China investing alliances. It has reaped rewards for the American mother ship and seeded generations of Chinese tech companies since Shen launched Sequoia China in 2005 as an arm of Sequoia Capital.

Shen has raised billions of dollars from US investors as recently as last year and has been confronted with the delicate task of investing in Beijing’s priority areas such as semiconductors and artificial intelligence, while staying on the right side of Washington’s push to introduce controls

… Read More ...