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Sec Charges Venture Capital Fund Founder With Fraud
The Securities and Exchange Commission on Monday charged Michael B. Rothenberg, whose firm Rothenberg Ventures LLC managed San Francisco-based technology venture capital funds, with overcharging investors to fund personal projects, including sending millions of dollars to his own virtual reality production company. The SEC alleges Rothenberg marketed his firm of nearly 200 investors and more than $64 million in assets under management as uniquely positioned to identify millennial entrepreneurs and invest in "frontier technology" companies. Full investment news article
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Rothenberg Ventures,
New Investing App Titan Launches Robo Hedge Fund
Investment management app Titan, with a product similar to hedge funds, is graduating from the Y Combinator this week. : Drawing comparisons to Blackrock, Wealthfront and Robinhood, investing management app Titan is graduating from Y Combinator this week. "Titan’s first product isn’t technically a hedge fund, but it’s built like one," reports TechCrunch. The app, with reportedly more than $10M in AUM, is the latest mobile-friendly, millennial-focused investing app aiming to take a bite out of the legacy financial services ... Full investment news article
Relevent to this post: Y Combinator
BlackRock Inc.,