Guaranteed funds

Share to Twitter Share to Linkedin The Black founder turned investor will write seed and pre-seed checks, backed by investors including Bank of America and billionaire Melinda French Gates. In March 2021, Monique Woodard closed part of the first fund for her new venture capital firm, Cake Ventures, and got to work. Many firms point to technological changes as the north star for their portfolios; a smaller but growing number focus on underrepresented founders who can get overlooked by some of Silicon Valley’s traditional check writers. Woodard, a veteran of startups and VC for two decades, was more interested in new businesses driving demographic change in a handful of very specific areas three complementary “layers” of a cake: our aging and longevity-minded population; the increased earning power of women in society; and the shift to “majority-minority,” as Woodard put it, a “new majority” of early tech adopters coming from Asian, Black and Latino … [Read more...] about Monique Woodard Unveils Cake Ventures, New $17 Million Fund Focused On ‘Demographic Change’

Representative image The coal ministry has decided that the first revision in Performance Bank Guarantee (PBG) would be done upon grant of mine opening permission for respective coal mines, a move that is expected to reduce financial burden on the bidders. A bank guarantee is a kind of guarantee from a lending organisation. As per the provisions of the tender document, PBG to be submitted for each successfully auctioned coal mine is to be revised annually based on the National Coal Index (NCI) for the month of April in the beginning of the year, the coal ministry said in a statement. Since NCI has become double since the launch of first commercial coal mine auctions in 2020, several representations were received from the industry for relaxation in PBG revision provisions. It was requested that unprecedented increase in NCI has led to significant financial burden on successful bidders, whose mines are in the pre-operationalisation stage, impacting fund availability for mine … [Read more...] about First revision in performance bank guarantee upon grant of coal mine opening permission: Govt

Share to Twitter Share to Linkedin Giancarlo Stanton of the Miami Marlins hits his 42nd homerun in the third inning during the game ... [+] between the Miami Marlins and the Colorado Rockies at Marlins Park on August 13, 2017 in Miami (Photo by Mark Brown/Getty Images) Investment firm MSD Partners, founded by Michael Dell, wants to contribute $175 million in fnancing to a group led by Bruce Sherman and Derek Jeter to buy the Miami Marlins. Forget for a minute why it is hard to believe MLB would approve the MSD prefered equity as part of the financing to buy the team. Instead, examine why MSD would want this deal. The preferred equity in this case includes a mandatory payment to MSD with an interest rate of 14%. Also, the preferred in this instance has a guaranteed "put" from MSD in three years, meaning the Marlins would have to pay the entire amount of the loan back at that time. If the new owners of the Marlins do not have the … [Read more...] about Fund Founded By Michael Dell Wants To “Short” The Marlins And Jeter

Share to Twitter Share to Linkedin Bhaskar Ahuja is the founder of Originscale Corp , a serial entrepreneur and product manager who specializes in startup product management. Raising funds for your startup is no easy task. There's a lot you need to consider, from creating a compelling pitch deck to building the perfect team and having all of the proper documents. But beyond that, there are specific characteristics necessary for any startup founder looking to make their fundraising efforts successful. Let’s explore those characteristics and how they can help you. Believing In Your Vision As a founder, it's your job to believe in the vision you have for your company. It's essential to have faith in yourself and your product or service and to articulate why you are passionate about it and how it can make a real difference. When people cannot see what founders are seeing—a revolutionary change—having an immense conviction in what you preach is … [Read more...] about Unlocking Funding For Your Startup

The mutual fund industry has been mushrooming in recent times. Over the past 5 years, the AUM has doubled to cross Rs 39.88 lakh crore¹, as on December 31, 2022, and the number of accounts stood at 14.11 crore .  This certainly suggests that more people are investing in mutual funds than ever before. But did you know that, there are 44² AMFI-registered fund houses which together offer thousands of mutual fund schemes. In 2022 alone, a total of 155 new mutual fund schemes were launched until November 2022³. On the face of it, that can make choosing the right scheme difficult. However, if you are willing to do a little homework before you decide what scheme and from which mutual fund house is best for you, the choice becomes easier. Here are some questions that you should consider, in the context of your unique financial situation and requirements. • Will this scheme enable me to meet my financial goals? Every investment we make must be mapped to a goal which we hope to achieve … [Read more...] about Checklist for investing in Mutual Funds

ZURICH — President Ferdinand “Bongbong” Marcos Jr. kept the doors open for new suggestions on how to customize the proposed sovereign wealth fund to the country’s needs. “The more we study it, the more it’s clear that although the sovereign wealth funds around the world have the same name, they’re all very different. They’re different in purpose, they’re different in methodology and of course, they operate in a different context of law,” Marcos said in a press briefing on Friday at the end of his week-long participation at the World Economic Forum (WEF) meetings. “So we have to design it very specifically to the Philippine condition, and that’s what the legislators are trying to do now: to make sure that it is customized for us and it will be a good thing for us. So that’s the process that we’re undergoing now,” Mr. Marcos said. In a chance interview with the media, House Speaker Martin Romualdez, who was part of the Philippine delegation, said the Maharlika fund became a … [Read more...] about Marcos wants to ‘design, customize’ Maharlika fund to PH’s needs

Nancy Davis’ hedge against rising prices, celebrated when it launched in 2019, has yet to hit the jackpot due to freakish circumstances in the debt market. Written by Brandon Kochkodin , Forbes Staff FALLING BEHIND Since inception, IVOL's total return is 8% lower than Schwab's TIPS ETF T ravel back through the mists of time to the faraway land of 2019. Inflation, at least for anyone younger than Jay Powell, was the stuff of legend — about as plausible as unicorns, fire-breathing dragons or a killer virus that would shut down the world economy. Not so for Nancy Davis, the CIO of Quadratic Capital Management. While others were asking whether inflation was dead , Davis was pitching her firm’s Interest Rate Volatility & Inflation Hedge ETF (IVOL). IVOL is a chimera, a lion with a goat’s head sticking out of its back. Most of its assets are held in a bond ETF that any mom or pop can buy. The rest of the money goes to options bets that are off … [Read more...] about This Investment Fund, Once $3.5 Billion, Was Designed To Combat Inflation. How Could It Be Losing The Battle?

Under the new system proposed by Sebi, the client money stays in the custody of the client till settlement (Representative image) The Securities and Exchange Board of India ( Sebi ) is proposing a game-changing reform in the secondary market. It has put out a consultation paper on allowing investor money to flow directly from his/her bank account to the secondary market, instead of from an account maintained by their stock brokers. A similar system is already in place for the IPO market, where a person can subscribe to an issue through the Application Supported by Blocked Account (ASBA) route. Here, the money is forwarded to complete the order only if the person is allotted shares; otherwise, the money is freed up. Also read: SAT sets aside Sebi's disgorgement order against NSE Why is this proposal momentous? While it protects investors’ money from being misused by intermediaries, including stockbrokers, it could mean higher brokerage fee and the end of many small … [Read more...] about Explained: Why is Sebi’s ‘blocking funds’ proposal causing sleepless nights?

Non-banking financial companies (NBFC) are hopeful that the government will announce some measures to augment liquidity in the upcoming budget, industry experts said. This comes against the backdrop of a sharp rise in the cost of funds across debt instruments. “We are hoping for some liquidity-enhancement measures in the upcoming budget that would bring relief to them at a time when the cost of funding has increased,” said YS Chakravarti, MD & CEO, Shriram Finance. However, some expect there will be no announcement for NBFCs in the budget. “We believe the Reserve Bank of India (RBI) and government have managed the liquidity through the pandemic period very well and structural measures of co-lending mechanism announced earlier would bode well for future,” said Vivek Bansal, group CFO, InCred Financial Services Ltd. Liquidity-enhancement measures give NBFCs easier access to funds at a relatively lower rate compared to the market rate. Also read: Budget 2023: … [Read more...] about Budget 2023: NBFCs hope budget will offer liquidity-enhancement measures

The reforms industry is rooting for in the Budget range from measures aimed at boosting consumption and capital expenditure to spurring investment and innovation. Startups in India are now starting to feel the pinch. The earlier movers had access to seemingly bottomless piles of money, leading to sky-high valuations  But the funding tap has since been turned off, dropping 33 percent on-year in 2022, as per a PwC India report released on January 16. While the government has several programmes to help startups with funding, those new to the business are seeking wider fiscal support, incentives, and tax relaxations as rising inflation and interest rates pose a big challenge. To be sure, India’s startup economy has mushroomed, aided by the government’s ‘Startup India’ programme launched in 2015. The Department for Promotion of Industry and Internal Trade (DPIIT) also created the Startup India Seed Fund Scheme with an outlay of Rs 945 crore to provide financial assistance to … [Read more...] about MY BUDGET | Tax exemptions, ease of FDI, lesser regulatory burden: What startups want