Companies founded by women received less than 2% of venture capital funding in 2022— a decline from the year before. However, when women-led startups are funded, research has shown that they generate more in cumulative returns, compared to those led by men. A new VC fund aims to take this lesson to women’s sports. On Monday, venture capitalists Kara Nortman and Jasmine Robinson announced the close of a $100 million fund, the Monarch Collective, with a mission to “accelerate equity in global sport.” Nortman is a former partner at the Los Angeles-based venture capital firm Upfront Ventures. Robinson was a partner at Causeway, a fund focused on sports, media, and entertainment. The Monarch Collective, founded in January, will focus on investing in women’s teams and leagues, along with adjacent industries, such as media and gaming. The duo say they are initially considering investments in women’s soccer teams in the U.S., and in women’s teams and leagues in sports such … [Read more...] about The Monarch Collective unveils $100 million fund to bring equity to women’s sports
Brahmastra expected box office collection
‘Hamilton’ musical to be released in cinemas
The film would be a live performance of the show at New York’s Richard Rodgers Theatre that comprised the original cast. Image: Hamilton/Official Broadway Site A big-screen version of the smash-hit musical “Hamilton” is coming to movie theaters in 2021, its creator announced on Monday. The show — which has become one of the highest-grossing Broadway musicals of all time since its 2015 debut — tells the story of Alexander Hamilton, one of the founding fathers of the United States. Lin-Manuel Miranda, who also stars in “Hamilton”, said the film would be a live performance of the show at New York’s Richard Rodgers Theatre that comprised the original cast. It will be distributed by Disney and released on Oct. 15, 2021, he said in a tweet. Variety magazine said it would get theatrical runs in the U.S. and Canada. “Hamilton” has made $633 million (P32.1 billion) in box office receipts and has been seen by 2.5 million people in New York alone since arriving on Broadway in … [Read more...] about ‘Hamilton’ musical to be released in cinemas
Top 5 hotels in Hua Hin for 2023
PHOTO: InterContinental Hua Hin Picture yourself lounging on a pristine beach, sipping a cool drink as the warm sun bathes your skin. The sound of gentle waves lapping at the shore lulls you into a state of complete relaxation. In the distance, palm trees sway in the breeze, their leaves rustling softly in the wind. This is the scene that awaits you in Hua Hin, Thailand’s premier destination for luxury vacationing. Located on the stunning Gulf of Thailand, Hua Hin is a haven for those seeking a truly indulgent holiday experience. From its pristine beaches and vibrant nightlife to its world-class dining and exceptional hospitality, Hua Hin has everything you need to make your next vacation unforgettable. And when it comes to accommodations, the options are endless – but with so many choices, it can be difficult to know where to start. But don’t worry, we’ve compiled the top 5 hotels in Hua Hin for 2023 below. 5 Best Hotels In Hua Hin Intercontinental Hua Hin Resort … [Read more...] about Top 5 hotels in Hua Hin for 2023
Arrival of COVID-19 bivalent vaccines ‘on hold’
MANILA, Philippines — The Department of Health (DOH) on Tuesday said that the arrival of donated COVID-19 bivalent vaccines is currently “on hold,” as the agreement with COVAX, the vaccine manufacturer, contains conditions that still need to be studied. According to DOH officer-in-charge Maria Rosario Vergeire, the said agreement for the donated vaccines is being studied by the Department of Justice (DOJ) and the Office of the Solicitor General (OSG) because of conditions it contains such as immunity from liability and requiring the country to have indemnification. “For now it is still being further studied by the OSG and the DOJ. Kailangan po maintindihan ng mga kababayan ‘yung pong clause na nakainclude dito po sa ating mga agreements, would require us to have indemnification unang una, pangalawa is the immunity from liability,” said Vergeire in a press forum. (For now, it is still being further studied by the OSG and the DOJ. The people need to understand that the clause … [Read more...] about Arrival of COVID-19 bivalent vaccines ‘on hold’
SVB’s New Owners, The Billionaire North Carolina Family Behind First Citizens, Are Quietly Building A Banking Empire
Share to Twitter Share to Linkedin North Carolina’s First Citizens Bank doubled its size with the stroke of a pen in the early hours of Monday morning with its landmark FDIC-assisted acquisition of Silicon Valley Bank , and nobody will reap the rewards more than the family that has orchestrated its growth for the last century. Chairman and CEO Frank Holding Jr. and his four sisters Olivia Holding, Hope Bryant, Carson Brice and Claire Bristow collectively own about 20% of First Citizens’ stock and have close to 50% voting power in the company, according to SEC filings, for a cumulative stake worth $2.7 billion thanks to Monday’s 54% stock gain following the deal. The surge erased all of the stock’s year-to-date losses in the regional bank selloff stemming from SVB’s failure and contagion fears. Raleigh-based First Citizens and the Holding family have kept a low profile for decades, but the family-owned bank has been on a mission to expand nationwide via … [Read more...] about SVB’s New Owners, The Billionaire North Carolina Family Behind First Citizens, Are Quietly Building A Banking Empire
[Editorial] A critical leadership vacuum at KT
But the group is still mired in a war of nerves with the government over management affairs. Former CEO Koo Hyun-mo was appointed under the liberal Moon Jae-in administration. But he gave up a bid for another term under pressure from the conservative Yoon Suk Yeol administration. Yun’s withdrawal underscores how the KT management remains under political influence. As Koo’s term ends at the end of March, KT could be doing business without CEO for a while. Finding the next candidate for the top post is not easy. The government opposed Yun as the new head of KT, not to mention three other candidates shortlisted by the KT board of directors. The government more or less displayed its disapproval of the current KT management, accusing it of being “a cartel group.” While resigning from the nomination, Yun said that the new CEO should be able to improve the governance structure that can exceed the expectations of major stakeholders. Given that Yun’s nomination was approved by minority … [Read more...] about [Editorial] A critical leadership vacuum at KT