Security researchers at Check Point say the company has uncovered evidence that Chinese hackers managed to hijack $1 million in seed money during a wire transfer between a Chinese venture capital firm and an Israeli startup—without either side realizing anything was wrong.
"Within Alphabet, Google was always the tail that wags the dog. That's where all the money and employees are," said Vineet Buch, a partner at Firebolt Ventures who was a product management director at Google for more than eight years until late 2018.
As funding in the insurtech vertical continues to surge and the current crop of insurtech companies grows and matures, a common dilemma facing the successful companies is whether to move from being just an insurance producer (i.e., an insurance agency, brokerage or managing general agent), to becoming a fully licensed insurance company.
Trade tensions, Chinese debt reduction and other factors have led to a 90 percent drop in Chinese investment into the U.S. over the last couple of years. Despite this decline, venture capital in the U.S. continues to be popular, with U.S.-based VC firms raising over $28 billion in the first half of 2019.
The co-founders of Outcome Health and several former executives have been charged by the Department of Justice (DOJ) in a $1 billion fraud scheme targeting clients, lenders and investors.
The State Investment Council voted to adopt recommendations that will target a greater number of commitments to New Mexico and nationally-based venture capital firms actively investing in the state.
Years after Intermountain Healthcare began funding outside ventures to spur innovation at the Salt Lake City-based health system, the approach took its own innovative turn. The organization created a separate company to manage its venture investments.
The last couple of years count as only the third time in history when private equity-backed acquisition values, measured as a multiple of cash flow, have exceeded valuations in global stock markets, according to Bain & Company.
<p>For tech startups trying to secure funding and go public, being in the black is the new black. At a recent tech conference in Lisbon, potential investors responded with a common message: show us how you're going to make money.</p>
<p>It's hard to express how significant and powerful some of these families are becoming in this ecosystem. They're building massive venture portfolios in some cases. For instance, there's a family is putting $1.5 billion to work in venture alone.</p>