Amazon wants to invest in start-ups, but some are nervous about taking the money
Publishing timestamp: 2017-09-13 18:20:57
Summary
Amazon's Alexa Fund invests in startups that help expand Alexa's voice technology ecosystem, but some startups and VCs are skeptical about Amazon's intentions. Despite efforts to reassure portfolio companies of a "firewall" between the fund and Amazon's product development teams, concerns remain about information sharing and potential conflicts of interest. Some investors and entrepreneurs are wary of working with Alexa Fund due to the risk of getting copied by Amazon.
Sentiment: MIXED
Keywords: amazon.com inc, business news, enterprise, technology, intel corp,
Source: https://www.cnbc.com/2017/09/13/amazon-reassured-alexa-fund-start-ups-about-competition.html