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....Kalanick’s departure has been preceded by those of many other senior figures in the company. Most recently venture capitalist David Bonderman resigned from Uber’s board of directors last Tuesday evening after making a sexist comment at the all-staff meeting where the Holder report’s recommendations were presented. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 06:19:56 AM
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.... The ejection of the founder of Uber as its chief executive last week was that rarest of Silicon Valley events: shareholders taking action to repair a tech company’s culture by removing an executive. The shareholders were venture capitalists who owned chunks of the business, so this was not like the public shareholder revolts seen at British Gas owner Centrica or WPP. ... [Read full article on Guardian ]
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.... The recent launch of SnapChat’s Snap Spectacles to much fanfare inevitably calls to mind its predecessor Google Glass, which suffered a well-documented demise. “Google Glass wasn’t ready for primetime and they made a huge deal about it and they shouldn’t have,” says Michael Mullany, general partner at US venture capital firm Icon Ventures. ... [Read full article on Guardian ]
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.... If Uber was a normal public company, subject to even a gentle governance regime, he would have been fired years ago. As it is, Kalanick’s resignation counts as a minor triumph for the venture capitalists who own about 40% of privately controlled Uber. ... [Read full article on Guardian ]
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Latest Finance News related to Venture Capital

Uber and the ‘brogrammers’ feel the consequences of changing the world image
.... The ejection of the founder of Uber as its chief executive last week was that rarest of Silicon Valley events: shareholders taking action to repair a tech company’s culture by removing an executive. The shareholders were venture capitalists who owned chunks of the business, so this was not like the public shareholder revolts seen at British Gas owner Centrica or WPP. ...
Uber CEO Travis Kalanick should have gone years ago | Nils Pratley image
Source : Guardian [Read Article] Wednesday 21st of June 2017 10:01:21 AM
.... If Uber was a normal public company, subject to even a gentle governance regime, he would have been fired years ago. As it is, Kalanick’s resignation counts as a minor triumph for the venture capitalists who own about 40% of privately controlled Uber. ...
Uber CEO Travis Kalanick resigns following months of chaos image
Source : Guardian [Read Article] Wednesday 21st of June 2017 06:19:56 AM
....Kalanick’s departure has been preceded by those of many other senior figures in the company. Most recently venture capitalist David Bonderman resigned from Uber’s board of directors last Tuesday evening after making a sexist comment at the all-staff meeting where the Holder report’s recommendations were presented. ...
Don't believe the hype: the downside of being the next big thing image
Source : Guardian [Read Article] Tuesday 20th of June 2017 09:00:00 AM
.... The recent launch of SnapChat’s Snap Spectacles to much fanfare inevitably calls to mind its predecessor Google Glass, which suffered a well-documented demise. “Google Glass wasn’t ready for primetime and they made a huge deal about it and they shouldn’t have,” says Michael Mullany, general partner at US venture capital firm Icon Ventures. ...
Sir John Hegarty: Einstein didn't have a brainstorm session image
Source : Guardian [Read Article] Wednesday 14th of June 2017 06:00:19 AM
....”. After running BBH for over 30 years, Hegarty has turned his attention to the next generation of entrepreneurs with the incubator for seed stage companies he co-founded alongside venture capitalist Tom Teichman in 2014. ...
Embattled Uber CEO Travis Kalanick takes indefinite leave of absence image
Source : Guardian [Read Article] Tuesday 13th of June 2017 06:36:50 PM
.... On Sunday, the board of directors voted unanimously to adopt the recommendations of a workplace review led by the law firm of the former US attorney general Eric Holder. Further complicating the situation, venture capitalist David Bonderman resigned from Uber’s board of directors Tuesday evening after making a sexist comment at the all-staff meeting where the Holder report’s recommendations were presented. ...
Walking away: when is it time to call it quits on your business? image
Source : Guardian [Read Article] Wednesday 7th of June 2017 06:00:50 AM
....Investors were interested, too. After initially using £200,000 of their own savings and redundancy money, the sisters approached two venture capitalist who invested £750,000 in 2013. ...
Peer-to-peer lending promised 6%, but I’ve been left red-faced and in the red image
....Some have taken Zopa’s withdrawal as a warning that credit standards in the rest of the sector are slipping. Yet, Zopa announced this week that it had obtained new venture capital funding and expects to lend around £1bn this year. ...
Another Uber executive quits but losses improve image
Source : BBC [Read Article] Thursday 1st of June 2017 11:41:41 AM
....8bn in net revenues. However, it has also raised what is estimated to be more venture capital than any start-up in history, some $11bn, and it needs to prove to its private investors that it can turn a profit. ...
TransferWise becomes profitable six years after being founded image
....4m in the year ended March 2016, but says it was profitable this calendar year. TransferWise has investors including Sir Richard Branson, Facebook investor Peter Thiel, Betfair co-founder David Yu, and venture capital firm Andreessen Horowitz. ...
Improbable sums? Cambridge graduates' tech firm raises $500m image
Source : Guardian [Read Article] Friday 12th of May 2017 08:24:58 AM
....However, Improbable does offer perks including unlimited holidays, free breakfast and lunch, and a so-called life concierge to “relocate families, organise parties, order pizza and service bikes”. Before SoftBank’s investment, Improbable raised $20m in 2015 from backers, including US venture capitalist Andreessen Horowitz, which supported Facebook and Twitter, valuing the firm at $100m. ...
Mistake-fixing start-up Grammarly raises $110m image
Source : BBC [Read Article] Tuesday 9th of May 2017 01:59:44 PM
....That's the amount raised in a funding round by Grammarly, a firm that boasts of having what it calls "the world's most accurate online grammar checker". It has persuaded venture capital firms including General Catalyst, IVP and Spark Capital to support its platform. ...
​Enemies of the state​:​ the 40-year Tory project to shrink public services image
.... The Sheffield engineering startup Magnomatics is developing a magnetic gearbox for hybrid cars that was invented at Sheffield University in 2000 and cuts fuel consumption by 35%. Such projects take patience and funding, both in scarce qualities among short-termist venture capitalists; only state support with adequate research funds could see the gearbox through to use in cars for 2022. ...
Proptech: the businesses transforming the housing market image
Source : Guardian [Read Article] Monday 8th of May 2017 06:00:55 AM
....The amounts involved on the investment side are significant across many proptech startups. Property tech venture capital platform PiLabs launched in 2014 and has already spent £113m backing 47 founders in the sector; London startup Nested, which guarantees a valuation price for sellers and promises to close a sale in 90 days, has recently raised £8m; and rental startup Goodlord has landed £7. ...
Former Jaeger owner: I could save it image
Source : BBC [Read Article] Thursday 4th of May 2017 03:38:06 PM
....Mr Tillman has been outspoken in his criticism of Lloyds Banking Group, whom he claims failed to give him 48 hours to repay them following a difficult period of trading in 2012. Lloyds subsequently sold Jaeger to venture capital business, Better Capital. ...
UK technology firms turn to Silicon Valley to ward off Brexit blues image
Source : Guardian [Read Article] Thursday 13th of April 2017 06:00:19 AM
.... “Getting more British startups to the west coast – where they can taste the pace of innovation and scale of thinking – can only be a good thing,” he said. “But a single new flight route won’t put the north of England on top-tier Silicon Valley venture capitalists’ radars. ...
The new age of Ayn Rand: how she won over Trump and Silicon Valley image
Source : Guardian [Read Article] Monday 10th of April 2017 05:49:09 PM
....So why does Trump claim to be inspired by her? The answer, surely, is that Rand lionises the alpha male capitalist entrepreneur, the man of action who towers over the little people and the pettifogging bureaucrats – and gets things done. As Jennifer Burns puts it: “For a long time, she has been beloved by disruptors, entrepreneurs, venture capitalists, people who see themselves as shaping the future, taking risky bets, moving out in front of everyone else, relying only on their own instincts, intuition and knowledge, and going against the grain. ...
Rocket launch firm blasts onto Milan stock market image
Source : BBC [Read Article] Monday 10th of April 2017 01:05:19 PM
....". Most of the investment in space launch companies has come from private venture capital firms. ...
Technology is a marvel – now let’s make it moral | Martha Lane Fox image
....Or it could be one that calls on every sector to build innovative, forward-thinking cyber security. Consider how Israel has private companies, venture capitalists, research universities and the military all working to make sure their nation is safe from digital attack. ...
Has the tech bubble peaked? Signs that the startup boom may be fizzling image
....These startups are running out of money because VCs are being more discerning about where they place their money, making fewer, bigger bets. “The number of investments [in the private market] has fallen by about a third, but the amount of capital is around the same,” said Tomasz Tunguz, a venture capitalist at Redpoint, adding that some of the “fast money” from hedge funds and mutual funds had shifted away from the sector. ...
TV company behind Question Time could sell for up to £300m image
Source : Guardian [Read Article] Wednesday 15th of March 2017 03:54:39 PM
.... It is understood that first-round bids by interested parties are due to be lodged imminently. In 2014, Tinopolis held talks with MSD Capital, the venture capital firm chaired by the computer entrepreneur Michael Dell. ...
Charlotte Hogg: a family tree deeply rooted in the British establishment image
.... Douglas, who retired from parliament shortly after the expenses scandal, holds the title of 3rd Viscount Hailsham. Her mother, Sarah Hogg, now a baroness, is an economist whose career has spanned newspaper and TV journalism, heading Major’s No 10 policy unit and then becoming the first woman to chair a FTSE 100 company – the venture capital group 3i. ...
'I was stuck' image
Source : BBC [Read Article] Wednesday 8th of March 2017 12:30:12 AM
....Why I can't post images of things going wrong . She had changed her career several times already, starting out as a chemical engineer, then deciding to move into venture capital - investing in small and start-up companies - which required going back to college to study. ...
Government abdicating responsibility for social care, say providers image
Source : Guardian [Read Article] Tuesday 7th of March 2017 07:00:36 AM
....Despite the pressure on the sector, Green defended the large companies in the industry, such as private equity-owned Four Seasons, which have significant debts and are paying millions of pounds in interest ever year. “I have politicians that sneer at me about venture capital taking over the sector. ...
How US school turned $15,000 into $24m with Snapchat flotation image
Source : Guardian [Read Article] Friday 3rd of March 2017 05:36:45 PM
....”. Chiu explained that five years ago Saint Francis parent Barry Eggers, a venture capital investor, had convinced the private school in Mountain View to invest in Snapchat after watching his children become obsessed with the messaging service based on disappearing photos. ...
Middle-aged dog walkers to lead Mountain Warehouse across US image
Source : Guardian [Read Article] Monday 27th of February 2017 09:35:52 AM
.... Last autumn Neale feared its clothing prices would have to rise following the devaluation of sterling against the dollar but says the depreciation of China’s renminbi against the greenback – as well as better deals struck with suppliers keen to get their hands on its high volume orders – means they are no longer necessary. After working with several private equity backers – Italian, Greek, Icelandic and finally the UK taxpayer in the shape of Lloyds Banking Group’s venture capital arm – Neale bought the business back in 2013 in a £85m deal backed by RBS. ...
Snapchat IPO: Evan Spiegel tries to sell investors on his top product – himself image
.... The rest of the voting shares are owned by Benchmark, the Silicon Valley investor that counts Uber and Twitter among its other wins, which owns 12. 7% of Class A shares, another venture capital firm, Lightspeed. ...
Canada's Trump? image
Source : BBC [Read Article] Wednesday 22nd of February 2017 12:33:29 AM
.... . Since selling his business, O'Leary co-founded a mutual fund company and a venture capital investment company. ...
Amazon Web Services: the secret to the online retailer's future success image
Source : Guardian [Read Article] Thursday 2nd of February 2017 07:00:23 AM
....Some spotted this transformation as it happened, but drew the wrong conclusions. In 2001, venture capitalist Steve Jurvetson argued that Amazon should spin its logistics operation off from its web storefront, letting other companies outsource their warehousing and dispatching to the new firm while Amazon focused on its website business. ...
Can post-Brexit London survive as Europe's cultural and financial capital? image
....In recent years, the “silicon roundabout” of Old Street and the wider east London area has grown into Europe’s largest technology cluster. Some 40,000 technology businesses – one fifth of the UK total – are thought to be based in inner London, and the city is rated the best environment for digital startups in Europe, with levels of venture capital activity higher than anywhere outside of the US. ...
Theresa May’s cabinet: pretty rich, but nothing on Trump’s image
Source : Guardian [Read Article] Tuesday 17th of January 2017 09:00:34 AM
.... He has properties in London reported to be worth upwards of £6m. Not much about the home secretary’s finances are known (“I think we have to think very carefully about the balance between transparency and privacy,” she said last year when MPs were coming under pressure to publish their tax returns), but before entering parliament and her steep rise through the ranks, Rudd was an investment banker and venture capitalist. ...
Cyber security takes centre stage in the age of Trump image
Source : Guardian [Read Article] Monday 16th of January 2017 07:30:17 AM
....Raising money for cyber security companies is particularly difficult. Van Someren, who is managing partner at venture capital firm Amadeus Capital Partners, says: “Investors generally try to make sure they have some reasonable degree of understanding, in good conscience, of what they are investing in. ...
The women-led startups smashing the glass ceiling image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:22:41 AM
....The biggest hurdle to women growing numerous, large businesses is a lack of funding opportunities – exacerbated by the fact that the vast majority of investors are men. According to a CrunchBase report, just 10% of global venture capital funds between 2010 and 2015 funded startups with at least one female founder. ...
Airbnb UK tax history questioned as income passes through Ireland image
Source : Guardian [Read Article] Monday 19th of December 2016 07:01:13 AM
....”. Airbnb was established in 2008 and is now backed by multiple venture capital firms including Google Capital. ...
Four hippies image
Source : BBC [Read Article] Monday 19th of December 2016 01:03:22 AM
.... . And along the way, Mr Goldberg - who has the chief executive job title - has chosen to stay independent, shunning increasingly frequent offers from venture capitalists interested in the now hot vegan market. ...
Who is Peter Thiel and why is he advising Donald Trump? image
Source : BBC [Read Article] Wednesday 14th of December 2016 03:57:24 PM
.... Mr Thiel is believed to have become a key member of the Trump transition team. In addition, employees from Mr Thiel's venture capital fund and staff at some of the firms he founded have also been seconded to work with Mr Trump. ...
Uber employees 'spied on ex-partners, politicians and Beyoncé' image
Source : Guardian [Read Article] Tuesday 13th of December 2016 12:17:32 PM
.... In 2014, Buzzfeed revealed the existence of the “God View” tool, after Uber’s New York general manager discussed using it to track a reporter’s journey. The tool’s existence appears to date back to 2011, when venture capitalist Peter Sims says he was tracked by a visitor to Uber’s Chicago offices, where the God View data was shown on a large public screen. ...
Fitbit confirms Pebble takeover deal image
Source : BBC [Read Article] Wednesday 7th of December 2016 03:45:27 PM
.... Now its demise - because that is effectively what the sale to Fitbit means - is a measure of how the climate around both those ideas has darkened. The first Pebble watch was the standout Kickstarter success that seemed to validate the idea of using crowdfunding rather than venture capital to get a tech hardware idea off the ground. ...
Hammond's £400m for venture capital funds is no joke – unfortunately image
Source : Guardian [Read Article] Thursday 24th of November 2016 08:28:46 PM
. The best joke in Philip Hammond’s autumn statement was the line about how he is injecting £400m of venture capital funding into the British Business Bank “to tackle the longstanding problem of our fastest-growing technology firms being snapped up by bigger companies, rather than growing to scale”. ...
Skyscanner sold to China's Ctrip in £1.4bn deal image
Source : Guardian [Read Article] Thursday 24th of November 2016 05:04:39 AM
....4bn deal price paid by Ctrip values it at 80 times its annual profit. While Williams and his co-founders will sell their shares, the deal hinged on the blessing of the largest investor, venture capital firm Scottish Equity Partners. ...
Plant hire group Hewden collapses after Brexit warning image
Source : Guardian [Read Article] Tuesday 22nd of November 2016 04:52:46 PM
.... The remainder are currently being kept on, in part to help service Hewden’s 40 plant hire depots across the UK. “This is a sickening blow for workers in the run up to Christmas and is the result of a succession of venture capitalists hawking Hewden around the market over a number of years to make a quick buck,” said Unite national officer Bernard McAulay, who mainly represents crane operators at Hewden. ...
Google and Facebook back post-Brexit UK, but tech worries linger image
Source : Guardian [Read Article] Monday 21st of November 2016 06:22:22 PM
.... “Perhaps the irony of all of these good news stories is that it will put even more pressure on the talent issue,” Shaw adds. For overseas companies looking to expand, particularly those that already have a European headquarters, the UK remains attractive, according to Suranga Chandratillake, a general partner of venture capital firm Balderton. ...
Richard Branson reveals prototype for supersonic passenger aircraft image
Source : Guardian [Read Article] Tuesday 15th of November 2016 01:00:17 PM
.... He said his plane could work on 500 different routes, but would concentrate initially on London to New York, San Francisco to Tokyo, and Los Angeles to Sydney. Scholl declined to state how much money Virgin had pumped into the venture, but listed a dozen well-known Silicon Valley venture capital firms and angel investors who had invested funds. ...
Ctrl+Z: Silicon Valley leaders U-turn on Donald Trump image
Source : Guardian [Read Article] Friday 11th of November 2016 10:00:16 AM
....Zuckerberg was not alone in his change of tune. “We in the tech community are willing to work with President-Elect Trump to help those Americans who need it most,” tweeted venture capitalist and erstwhile Trump critic Chris Sacca. ...
Brexit bienvenue image
Source : BBC [Read Article] Tuesday 4th of October 2016 11:21:32 PM
....Until now, most Fintech start-ups have chosen London, because of its looser regulatory system. But with the improving regime in Paris, with easier access there to venture capital and other sources of finance - and above all with the risk of losing passporting rights once Brexit kicks in - there is now a strong case for pulling out of London. ...
Killer bots image
Source : BBC [Read Article] Monday 3rd of October 2016 11:06:54 PM
....One catalyst for the interest was Facebook's announcement earlier this year of a bot framework that streamlines the bot-creation process. One report suggests that this massive amount of interest has unleashed a $4bn (£3bn) flood of venture capital funding into big and small bot developers. ...
Money makers image
Source : BBC [Read Article] Friday 30th of September 2016 11:11:19 PM
.... . Enterprising technology-driven businesses like ToLet have to prove themselves, sometimes with very little capital, in the hope that big time venture capital firms take notice. ...
Leaks reveal Amber Rudd's involvement in Bahamas offshore firms image
Source : Guardian [Read Article] Wednesday 21st of September 2016 06:00:27 PM
....A fresh leak of tax haven data names the home secretary as having been a director of two companies in the Bahamas – a fact she did not refer to earlier this year when defending David Cameron over his father’s investment fund in the same country. The Guardian has also discovered new details about her previous career in venture capital during the boom and bust 1990s. ...
Tech start-up funding 'appallingly bad' in UK image
Source : BBC [Read Article] Sunday 18th of September 2016 11:00:32 PM
....Others point out that Silicon Valley has had longer to perfect the process. Eileen Burbidge has worked at Apple and Yahoo and is now a venture capitalist based in London. ...
The ultra-Orthodox Jews combining tech and the Torah image
Source : BBC [Read Article] Thursday 8th of September 2016 11:14:54 PM
.... . The world of tech meet-ups and venture capital funding rounds is very different from the inward-looking, religious life of the Haredim, though, and integrating can be challenging says Yoni Reiss, a Haredi coder who has worked for a number of tech companies. ...
Shenzhen's start up scene: from ski sensors to worm farms image
Source : BBC [Read Article] Tuesday 30th of August 2016 01:52:21 AM
....The southern Chinese city of Shenzhen is famous for making electronics, but it's also become a popular spot for start-ups from all over the world. Hax is a venture capital firm hoping to spot the entrepreneurs with the most promising ideas and then help them turn those ideas into products. ...
A woman's workplace image
Source : BBC [Read Article] Monday 29th of August 2016 11:00:18 PM
.... . I was knocked back by venture capitalists because I didn't have any experience in the area I was seeking investment - but neither would anyone else as it was completely new! . ...
Apple tackles iPhone one-tap spyware flaws image
Source : BBC [Read Article] Thursday 25th of August 2016 11:51:30 PM
.... . Pressure is also being put on Francisco Partners Ltd, the San Francisco-based venture capital firm that has a controlling stake in NSO Group. ...
Basketball star Kobe Bryant sets up investment fund image
Source : BBC [Read Article] Monday 22nd of August 2016 03:35:45 PM
. US basketball star Kobe Bryant has formed a partnership with venture capitalist Jeff Stibel to launch a $100m (£76m) investment fund. ...
Deliveroo offers concessions in pay row image
Source : BBC [Read Article] Sunday 14th of August 2016 01:17:51 PM
.... . Set up in 2013 by William Shu, a former investment banker, and software developer Greg Orlowski, Deliveroo has attracted hundreds of millions in funding from venture capital firms. ...
Deliveroo riders protest over payment changes image
Source : BBC [Read Article] Thursday 11th of August 2016 09:42:03 PM
.... It said riders had "reacted positively" to the new payment structure in trials this year and that they could earn more than twice as much, the Guardian reported. Set up in 2013 by William Shu, a former investment banker, and software developer Greg Orlowski, Deliveroo has attracted hundreds of millions in funding from venture capital firms. ...
Shaving start-up firm bought by Unilever image
Source : BBC [Read Article] Wednesday 20th of July 2016 08:17:48 AM
....Dollar Shave Club, which now also sells male personal wash, skincare and hair styling products, logged $152m in turnover last year and is "on track" to exceed $200m this year. The firm was valued at around $615m following its latest venture capital funding round in November. ...
Armour materials maker Permali lands major defence contracts image
Source : Daily Express [Read Article] Wednesday 13th of July 2016 12:00:00 PM
....Now that success has been followed by another win for the firm that has been chosen to make protective panels for UK engineering company Supacat’s new HMT Extenda vehicle. Permali, owned by private founders and venture capital house 3i, has grown turnover to £10 million, with customers worldwide and forecasts a 50 per cent increase by 2019. ...
Handy bank? image
Source : BBC [Read Article] Monday 4th of July 2016 11:08:54 PM
....Payments providers, peer-to-peer lenders, "robo advisers", trading platforms, and foreign exchange companies have all been catching investors' attention. For instance, global Bitcoin-based payment app Circle raised $60m (£45m) at the end of June in a cash-raising exercise led by Beijing-based venture capital company IDG Capital. ...
Brits wanted image
Source : BBC [Read Article] Tuesday 28th of June 2016 04:05:37 AM
....Senator Yzer is not beyond doing some convincing herself. She intends to court many of the venture capital firms that poured more than €2bn (£1. ...
LinkedIn’s rapid 14-year growth led to $26.2bn Microsoft deal image
Source : Guardian [Read Article] Monday 13th of June 2016 04:01:20 PM
.... Jeff Weiner, a former Yahoo executive, is chief executive. The company attracted capital from venture capital investors, starting in 2003 when Sequoia Capital took a stake. ...
City news: Approved Food, Trade fair and Invstr image
Source : Daily Express [Read Article] Sunday 12th of June 2016 04:25:00 PM
.... We are considering finance to move to a new larger place, which needs serious money. It could come from crowdfunding, venture capital or high-net worth individuals. ...
Are England’s academies becoming a cash cow for business? image
Source : Guardian [Read Article] Sunday 12th of June 2016 08:00:18 AM
.... Cleaning, catering and building maintenance at the struggling school were to be outsourced to a private company. The academy had been taken over 11 weeks previously by Bright Tribe Multi-Academy Trust, a government-favoured academy chain established by venture capitalist Mike Dwan, which has ambitions to run more than 200 schools. ...
Elizabeth Holmes's fall from hero to zero highlights problems of rich lists image
....But if it’s important to try to figure out not just who controls our economy, but how many billions they actually are worth (whether it’s made up of stakes in public or private companies, real estate, inherited wealth held in trusts, or other assets), doing so can be tricky, as the Theranos mess shows all too clearly. If a group of intoxicated venture capitalists choose to describe a company as somehow being “worth” $9bn, because a group of equally intoxicated investors had invested $400m, who is to say they are wrong. ...
Saudi Arabia's Uber venture: a case of if you can't beat 'em, join 'em image
.... The investment, which values the six-year-old taxi-hailing startup at $62. 5bn, is one of the largest ever made in a privately held company, and is roughly the same size as the sum total of all investments in the UK’s tech sector over the course of 2015, according to the venture capitalist David Galbraith. ...
Make profit motive an ally in corruption fight, says offshore expert image
Source : Guardian [Read Article] Thursday 2nd of June 2016 03:32:07 PM
....In a new book, Jason Sharman, a professor at the Centre for Governance and Public Policy at Australia’s Griffith University, contends that efforts to combat kleptocracy should become a profit-driven industry because the current system of conventions, treaties, laws and regulations is ineffective. The Despots’ Guide to Wealth Management, published next year, recommends that law firms, venture capitalists and vulture funds should become the primary players in the hunt for looted wealth, even if that means they keep a substantial proportion or all of the recovered assets. ...
City news: Marks & Spencer, Intu Properties, Gojimo and Co-op image
Source : Daily Express [Read Article] Sunday 22nd of May 2016 12:01:00 AM
.... He said that while the firm is concentrating its efforts on increasing its market share in the UK, he wants to expand Gojima’s into the US, Ireland and South Africa. To do that, the venture capitalbacked firm will need to tap its investors for more funds, he said. ...
The inside story of Facebook’s biggest setback | Rahul Bhatia image
Source : Guardian [Read Article] Thursday 12th of May 2016 05:00:19 AM
....” Services such as Free Basics were effectively declared illegal. Many of Facebook’s supporters – in India and abroad – were aghast: why would a poor country reject the assistance of one of the world’s biggest and most powerful tech companies? Marc Andreessen, the powerful venture capitalist who sits on Facebook’s board, contemptuously suggested a misguided resentment of the west was to blame. ...
Upmarket tailor Austin Reed 'on radar' of Dragons' Den star image
Source : Guardian [Read Article] Thursday 5th of May 2016 06:06:32 PM
.... It is considered unlikely any buyer would be willing to take on the entire store estate. Austin Reed is also thought to be in the sights of private equity firm Better Capital, led by veteran venture capitalist Jon Moulton, which also owns Jaeger. ...
An Uber for everything: the surge in on-demand apps image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 05:30:24 PM
....What happened next may sound familiar to would-be moguls piling into an Uber-inspired gold rush with wide eyes and iPhones for spades. The Mayfair meeting rooms of venture capitalists are echoing with the same phrase: “It’s Uber for . ...
The battle over the future of bitcoin image
Source : Guardian [Read Article] Tuesday 3rd of May 2016 07:00:48 AM
....It’s unclear if Wright declaring himself to be bitcoin’s mythical creator, Satoshi Nakamoto, will help resolve that process. Wright is on the side of people like Blockchain’s Smith, a former financial services consultant whose firm raised more than $30m in venture capital, has offices in London and New York, and counts Virgin’s Sir Richard Branson as an investor. ...
Welsh billionaire Terry Matthews backs Tata Steel UK buyout plan image
Source : Guardian [Read Article] Wednesday 20th of April 2016 04:31:38 PM
....The consortium also is thought to be pushing the government for support. It is keen for any management or employee buyout to enjoy tax breaks that it claims would be available for venture capitalists. ...
'Car makers know they have a problem': the startup giving power to buyers image
Source : Guardian [Read Article] Wednesday 13th of April 2016 09:59:40 AM
....6m and £12. 5m, from investors including the venture capital firm Balderton Capital, which backed Betfair and Love Film. ...
New Crop – the vegan venture fund fighting for animal rights image
Source : Guardian [Read Article] Wednesday 6th of April 2016 08:37:24 PM
....Most investment funds are, first and foremost, about making money. Not New Crop Capital, a venture capital fund started by animal-welfare activists to support entrepreneurs whose products will save the lives of cows, pigs, chickens and fish. ...
With £40bn for the taking, SMEs are venturing into space image
Source : Guardian [Read Article] Wednesday 6th of April 2016 06:51:47 AM
.... It launched in January 2014 after receiving £150,000 investment from Innovate UK, (the UK’s innovation agency) conditional on raising matched funding. It obtained this by winning another £500,000 from Longwall Ventures, a venture capital firm. ...
The innovators: the smart systems driving motorists towards smarter cities image
.... In January, Telensa announced it had secured £12. 5m in venture capital from the Environmental Technologies Fund and the Silicon Valley Bank. ...

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