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Yale’s David Swensen Puts Money Managers on Notice About Diversity
The investment chief of the university’s $31.2 billion endowment sent a message this month to the firms that manage Yale’s money: They would be measured on their progress increasing their investment staffs’ diversity.
Tomio Geron
This could be big if he and other big LPs really push this wsj.com/articles/yales… via @WSJ
88d
As Local News Dies, a Pay-for-Play Network Rises in Its Place
A nationwide operation of 1,300 local sites publishes coverage that is ordered up by Republican groups and corporate P.R. firms.
Former Teen Startup Founder Josh Buckley Raising $150 Million for Solo Fund
Josh Buckley, a former teenage startup founder and angel investor, is raising his second venture-capital fund, according to people familiar with the matter, joining a growing group of solo general partners who are changing the early-stage venture...
Tomio Geron
Josh Buckley is raising a $150 million fund, the latest solo VC raising and investing large dollars - wsj.com/articles/forme… via @WSJVC
95d
Quarterly VC funding for female founders drops to three-year low | PitchBook
The pandemic has dealt a disproportionate blow to female business owners, with 2020 shaping up to be one of the worst investment years since 2017.
Shaq, MLK’s Son, Former Disney Executives Team Up to Create SPAC
Three former high-ranking Walt Disney executives are teaming up with basketball legend Shaquille O’Neal and one of Martin Luther King Jr.’s sons to make acquisitions in the media and technology industries.
Tomio Geron
After @SHAQ SPAC, I'm awaiting KimyeSPAC, LeoSPAC, as well as MeloSPAC, KDSPAC and AndreSPAC wsj.com/articles/shaq-… via @WSJ
103d
FirstMark Moves Beyond Venture With Blank Check Company
The expansion of the firm’s mandate is part of an evolution happening in venture capital in recent years, with some firms shifting from a focus on budding business ventures to adding different types of assets to manage and invest in, such as growth...
Tomio Geron
FirstMark jumps into SPACs, to compete w/ other VCs that have billion dollar funds - AND potentially take its own companies public wsj.com/articles/first… by @ychernova
103d
Startups Tap Upfront Cash Alternative to Venture Capital
Giving up a share of future subscription revenue is an appealing option for some fast-growing startups that don’t want to dilute their ownership stakes by raising venture capital.
Tomio Geron
SaaS companies are raking in cash upfront for deferred revenue from @pipe @GetCapchase and also @clearbanc - my story
104d
Trump Didn’t Disclose First Positive Covid-19 Test While Awaiting a Second Test on Thursday
President Trump didn’t disclose a positive result from a rapid test for Covid-19 on Thursday while awaiting the findings from a more thorough coronavirus screening, according to people familiar with the matter.
'Overlooked': Asian American Jobless Rate Surges But Few Take Notice
Asian Americans have traditionally enjoyed some of the lowest unemployment rates in the country. But the pandemic is taking a heavy toll - and Trump's blaming China isn't helping.
‘Mushrooms Have Kidnapped You’: Pandemic Feeds Russia’s Obsession With Forest Fungi
With lots of down time and a bountiful harvest, mushrooming mushrooms in forests around Moscow and St. Petersburg.
Tomio Geron
Entertaining read on mushroom obsession in Russia by @ychernova - wsj.com/articles/mushr… via @WSJ
111d
Trump’s Taxes Show Chronic Losses and Years of Income Tax Avoidance
The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of millions in debt coming due.
WSJ News Exclusive | Palantir Expected to Be Valued at Nearly $22 Billion in Trading Debut
Palantir Technologies is expected to fetch a lofty valuation in its transition to a public company despite an unusually aggressive governance structure, in the latest sign of investors’ voracious appetite for new shares.
Tomio Geron
Palantir’s shares could start trading around $10 apiece, bankers say. That equates to a market valuation of nearly $22 billion on a fully diluted basis.
117d
Snowflake’s Early Investors Rewarded For Contrarian Bet
Snowflake is the most highly valued software IPO ever based on its market capitalization at the time of the offering, as well as the largest IPO this year based on the offering size, according to IPO researcher and exchange-traded fund provider...
Tomio Geron
ICYMI: Snowflake’s early venture investors rewarded for contrarian bet
- Sutter Hill Ventures generated ~700x on its seed investment per our IPO leaderboard wsj.com/pro/venture-ca…
wsj.com/articles/snowf… via @WSJVC
118d
Conductive Ventures Raises $150 Million Second Fund
Conductive Ventures, whose sole limited partner is Japanese electronics company Panasonic Corp., has raised $150 million for its second venture fund focused on enterprise software and hardware startups.
Tomio Geron
Conductive Ventures, backed by Panasonic, raises $150 million fund to invest in hardware and enterprise startups wsj.com/articles/condu… via @WSJVC
126d
Down Rounds Rise as Startups Face Tougher Fundraising Climate
There was a second-quarter jump in the number of startups raising down rounds—funding rounds where the share price has dropped compared with the prior round—according to investing platform AngelList.
Tomio Geron
Down rounds (most unreported) have risen in the pandemic - data from @AngelList wsj.com/articles/down-… via @WSJVC
140d
OneCoin Took In Billions. Then Its Leader Vanished.
The story of OneCoin stands out even among outlandish cryptocurrency capers. The Justice Department said OneCoin accounts show it took in some $4 billion from investors world-wide in what prosecutors likened to a pyramid scheme.
Tomio Geron
What happened when Ruja Ignatova, the Cryptoqueen, suspected her boyfriend of stringing her along but instead discovered he was cooperating with the FBI wsj.com/articles/oneco… via @WSJ
144d