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23hours ago

Smithsonian’s Investment Office Was 'A Startup Inside A 160-Year-Old Organization,’ Says CIO Amy Chen | Q&A

Amy Chen is the first chief investment officer at the Smithsonian Institution, the world’s largest museum, educational and research complex, since 2006. In this interview, she discussed how the investment office was like a startup inside of a 160-year-old organization, how they addressed their liquidity concern going into the recent market drawdown, and why European venture is an area they're excited about.
Read by 44% of LPs 17 minutes ago

Everywhere Basic Income Has Been Tried, In One Map: Kenya; Iran; Alaska; Stockton, California; And More

Grace receives $22 a month as part of a 12-year universal basic income study run by the charity GiveDirectly that began in October 2016 in Western Kenya. | Yasuyoshi Chiba/AFP/Getty Images Which countries have experimented with basic income -- and what were the results? The idea of a basic income was, for decades, something of a policy fantasy.
Read by 65% of LPs 17 minutes ago

Robo-advisor Wealthsimple Hits Unicorn Status With Tcv Deal

Wealthsimple Inc. raised money from an investor group led by Technology Crossover Ventures that will give the Canadian investment firm unicorn status. The Toronto-based startup closed a fresh round of C$114 million ($87 million) in funding led by Menlo Park, California-based TCV that values it at more than $1 billion, the company said in a statement Wednesday, confirming a report by Bloomberg on Tuesday. Other investors in the round include Greylock Partners, Meritech Capital Partners, Two Sigma Ventures and Allianz X, the tech investment fund of Munich-based insurer and asset manager Allianz SE.
Read by 58% of LPs 47 minutes ago

Travis Kalanick's Cloudkitchens Has Spent $130M On Real Estate

Uber founder Travis Kalanick's food-delivery startup has spent more than $130 million on real estate as it looks to build out a network of "ghost kitchens," a new report says. Entities linked to CloudKitchens -- which rents food-prep spaces to delivery-only restaurants -- have snapped up more than 40 properties in almost two dozen cities...
Read by 59% of LPs 47 minutes ago

Wrap-up Of Federal And State Chemical Regulatory Developments, October 2020 | Bergeson & Campbell, P.c.

TSCA/FIFRA/TRI - EPA States TSCA Section 21 Petition For Risk Management Rule Not Valid, Treats It As An APA Petition: In a letter dated July 28, 2020, the U.S. Environmental Protection Agency (EPA) acknowledged the receipt of a TSCA Section 21 petition requesting EPA to "initiate a proceeding for the issuance of a risk management procedural rule under TSCA section 6" submitted on behalf of the National Association of Manufacturers, the American Coatings Association, the National Association of...By: Bergeson & Campbell, P.C.
Read by 60% of LPs 1 hour, 7 minutes ago

Sym Raises $9M In Series A Funding Round Led By Amplify Partners

SAN FRANCISCO--(BUSINESS WIRE)-- #devsecops--Sym, the security workflow platform for engineers, today announced it raised $9 million in a Series A funding round led by Amplify Partners.
Read by 39% of LPs 1 hour, 17 minutes ago

Handshake Raises $80M More To Build A More Diversity-focused Linkedin For College Students - Techcrunch

College graduates this year (and perhaps in the near-term) have been looking for work in what is one of the most challenging job markets in a decade due to the coronavirus and its impacts on the economy and how people can interact with each other. Today, a startup that's helping them with that job hunting [...]
Read by 56% of LPs 1 hour, 17 minutes ago

Stoneweg Us Exceeds $25M Target Capital Raise For Sw Fund I Real Estate Fund; Company To Serve As General Partner Of The Fund

ST. PETERSBURG, Fla., Oct. 20, 2020 /PRNewswire/ -- Stoneweg US, a real estate investment firm specializing in multifamily acquisitions and developments, announced the closing of its SW Fund I RE Fund with a total capital raise of $26MM, exceeding the Fund's capital target by $1MM....
Read by 56% of LPs 1 hour, 47 minutes ago

How To Get Hired At Blackstone, According To Insiders

We spoke with Blackstone president Jon Gray, headhunters who recruit for the firm, and its global head of HR to learn what it takes to stand out.
Read by 37% of LPs 2 hours, 17 minutes ago

Clifford Chance Names Singapore Partner In New Global Financial Investment Role

Kai-Niklas Schneider will take up a new position on the firm's global executive team focusing on financial investors. : Clifford Chance has promoted Singapore office head Kai-Niklas Schneider to its global executive team. Schneider will take up a newly-created role on the firm's executive leadership group, focusing on global financial investors such as private equity firms and asset managers. Vincent Chow is a reporter for International and China Law & Practice, based in Hong Kong.
Read by 40% of LPs 2 hours, 17 minutes ago

Porch Ceo: Spac Deal Gives Us $200M And A Clean Slate

Porch's merger with a blank-check company will wipe out its history of losses and set the stage for massive revenue growth, according to the startup's chief executive. In an interview with The Real Deal, founder and CEO Matt Ehrlichman defended Porch's finances after an IPO filing revealed $263 million in cumulative losses as well as liquidity concerns. Ehrlichman said the deal would give Porch $200 million in cash and no debt. "It gives us a The post Porch CEO: SPAC deal gives us $200M and a clean slate appeared first on The Real Deal New York.
Read by 70% of LPs