Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience. August 28, 2018

Venture Capital Needs Some Geographic Diversity

The U.S. high technology industry looks like it may be too concentrated. One sign of this is the lack of geographic diversity in the venture capital industry, which is highly concentrated in a few technology hubs, mostly on the coasts.
Read by 44% of LPs May 30, 2018

Why NY Beats Silicon Valley As A Home For Startups

On the second episode of Converge, Zola co-founder and CEO Shan-Lyn Ma comes on the show to tell us why she's building her company in New York. Zola runs a popular online wedding registry where couples have saved more than $1 billion worth of merchandise. Days after I spoke to her, Ma announced a new $100 million round of funding that puts the startup among New York's tech elite. But why did she start the company in New York? Ma attended school at Stanford and later worked at Yahoo.
Read by 63% of LPs March 14, 2018

Carleton College Names BlackRock's Deshler As CIO

Carleton College is pleased to name Kelsey Deshler as its new chief investment officer (CIO). Deshler was most recently global head of manager research at BlackRock in New York City. She will relocate to Minnesota and join Carleton in late March.
Read by 51% of LPs February 26, 2018

Why New York Is Tech's Second City

With 7,500 firms employing 120,000 workers, New York is the sector's official second city. And the boom is just beginning.
Read by 49% of LPs January 25, 2018

New York City Wants To Create A Biotech Hub

<p>New York City is asking: If biotech can make it anywhere, can't it make it here? The city government is asking for proposals on how to use $100 million in funds and city land to create a "life sciences hub" with the goal of making the city competitive with Boston and San Francisco as a place to start biotechnology companies.</p>
Read by 61% of LPs January 10, 2018

Oil Giants Sued By NYC Over Climate Change Allegations

New York City sued five major oil companies, claiming they have contributed to global warming, on the same day officials announced they will sell off billions in fossil fuel investments from the city's pension funds.
Read by 55% of LPs August 15, 2017

Warren Buffett Builds Stake In Synchrony Financial, Trims GE Position

Berkshire Hathaway Chairman and CEO Warren Buffett built a new position&nbsp;in consumer finance company&nbsp;Synchrony Financial and boosted his holdings of Bank of New York Mellon by more than 50% in the second quarter of 2017, according to a regulatory filing Monday from&nbsp;Berkshire Hathaway.
Read by 70% of LPs August 08, 2017

Mistery Chinese Billionaire Targets Manchester United Shares In Mammoth Deal

<p>A group is working on behalf of an unnamed billionaire Asian buyer to judge the potential interest of various independent shareholders in selling up. The club is listed on the New York stock exchange and the negotiators want to secure something in the region of an 8&nbsp;percent stake.</p>
Read by 37% of LPs July 12, 2017

HK Hedge Fund Asks Judge To Block Sale Of Guo Wengui's US$78m Manhattan Flat

Fugitive tycoon Guo Wengui has put his lavish Manhattan apartment on the market but a Hong Kong-based hedge fund suing Guo for an unpaid loan wants a New York judge to block the sale, Forbes magazine reported. The full-floor apartment overlooking Central Park in The Sherry-Netherland &acirc; from where Guo has made a series of allegations against top Communist Party officials in recent months &acirc; was listed for US$78 million by Guo last month, two years after he paid US$67.5 million for it...
Read by 49% of LPs June 19, 2017

Martin Shkreli Asks For $3M Lower Bail To Pay Legal Fees

Martin Shkreli, known to the world as a &quot;pharma bro,&quot; has asked for a $3 million reduction of his $5 million bail in order to help pay his legal fees. Shkreli has been accused of defrauding investors and is facing felony charges for taking money from the pharmaceutical company Retrophin to allegedly pay defrauded investors in two separate hedge funds. His lawyer, Benjamin Brafman, told U.S. District Judge Kiyo Matsumoto of the Eastern District of New York that Shkreli needs relief from that amount in order to access funds in an E*Trade securities account, the report said. Shkreli&#39;s financial problem...
Read by 65% of LPs