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
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How machine learning is helping scientists forecast bird migration
With chatbots like ChatGPT making a splash , machine learning is playing an increasingly prominent role in our lives. For many of us, it’s been a mixed bag. We rejoice when our Spotify For You playlist finds us a new jam, but groan as we scroll through a slew of targeted ads on our Instagram feeds. Machine learning is also changing many fields that may seem surprising. One example is my discipline, ornithology—the study of birds . It isn’t just solving some of the biggest challenges associated with studying bird migration; more broadly, machine learning is expanding the ways in which people engage with birds. As spring migration picks up, here’s a look at how machine learning is influencing ways to research birds and, ultimately, to protect them. The challenge of conserving migratory birds Most birds in the Western Hemisphere migrate twice a year , flying over entire continents between their breeding and nonbreeding grounds. While these journeys are … [Read more...] about How machine learning is helping scientists forecast bird migration
Tired of the office? These jobs have the happiest remote workers right now
It’s no surprise that working from home has been popular for many workers, but it hasn’t been a win for every profession across the board. Glassdoor recently surveyed workers to determine how important remote work was to them as a benefit, and how employees across various levels of seniority and various occupations view their experiences working from home. In general, the survey found that the ability to work from home was among the top three benefits for more than two-thirds (68%) of the respondents. Remote work was only a few percentage points behind vacation and paid time off in popularity, which 71% of respondents found important, and health insurance, which was a top-three benefit for 69% of respondents. Working from home—or WFH for short—has particularly been a hit with a few specific professions, according to the Glassdoor survey. Here are the top 10 professions, ranked by how satisfied employees were with working from home: Social Worker Customer … [Read more...] about Tired of the office? These jobs have the happiest remote workers right now
What’s happening at Deutsche Bank? Stock drops amid fears that banking crisis will get worse
Shares in Deutsche Bank fell sharply Friday, dragging down other major European banks and leading German Chancellor Olaf Scholz to express confidence in the country’s largest lender after fears about the global financial system sent fresh shudders through the market. Deutsche Bank shares were down 8.8% in late-afternoon trading on the German stock exchange after falling as much as 14%. That followed a steep rise in the cost to insure bondholders against the bank defaulting on its debts, known as credit default swaps. Rising costs on insuring debt were also a prelude to Swiss lender Credit Suisse’s government-backed rescue by rival UBS. That hastily arranged takeover Sunday aimed to stem the upheaval in the global financial system after the collapse of two U.S. banks and jitters about Credit Suisse’s long-running troubles led its shares to tank and customers to pull out their money. Asked whether Deutsche Bank could be the next Credit Suisse, Scholz said, … [Read more...] about What’s happening at Deutsche Bank? Stock drops amid fears that banking crisis will get worse
Globe keeps diversity and gender balance strong with women in leadership team
Globe is setting a new trend with women outnumbering their male counterparts in leadership positions. This comes at a time when most Philippine boardrooms are still dominated by men. Some 52% of Globe’s executive roster are women, with 49 holding the top two ranks in the corporate hierarchy, compared to 45 men as of end 2022. This marks the first time in at least five years that there were more female executives in Globe’s core business. Women ranked managers and directors have also been increasing in the last five years, rising from 958 in 2018 to 1,193 as of end 2022. Even while there are still more men in middle management, the female population is catching up. These figures buck the trend as cited in a March 2019 study by the Makati Business Club that was supported by UN Women, the European Union and Women Empower Asia. The study “Women in the Philippine C-Suite” found that only about three percent of C-Suite positions in business across the country are … [Read more...] about Globe keeps diversity and gender balance strong with women in leadership team
LA Santos says he’s still waiting for his big break
LA Santos LA Santos said that he is still waiting for his big break in show business to happen, but that he is taking his career one step at a time. Speaking to reporters during the mediacon for his new movie “Maple Leaf Deams” with Kira Balinger, Santos vowed to do his best and never tire of learning the ropes in showbiz, which he’s learned to love. He said that he would dedicate his triumphs to his mother, who was fully supportive of him. “Hanggang ngayon ay naghihintay pa rin ako ng big break ko. Umpisa pa lang talaga ng career ko, gusto ko lang mapasaya ‘yung nanay ko po. ‘Yung mommy ko po, mapagmahal siyang tao. Gusto niya lang ipakita ang pagmamahal sa tao. Gusto lang niyang i-share ang pagmamahal sa tao,” he said. (Until now I am still waiting for my big break. At the start of my career, I just want to make my mom happy. My mom, she’s a very loving person. She just wants to show love to people. She wants to share love to the people). Santos also said that he would … [Read more...] about LA Santos says he’s still waiting for his big break
‘Friends’, ‘Grace and Frankie’ creator outfoxes sexism
This 2016 photo provided by Netflix shows writer/producer Marta Kauffman, from left, Jane Fonda, as Grace Hanson, and Lily Tomlin, as Frankie Bergstein, in a scene from “Grace and Frankie”. Image: Netflix/Melissa Mosley via AP Ask Marta Kauffman if there will be a “Friends” reunion someday, and the answer is a crisp “nope.” Kauffman, who created the enduringly popular sitcom with David Crane and was an executive producer from start to finish, is focused on what’s now and next, not what’s past. She’s moved on from the 1994-2004 network-airbrushed adventures of young New York pals to the unvarnished pains and pleasures of older women — and, subordinately, men — in “Grace and Frankie”. The Netflix comedy is in the hunt to add 2019 Emmy Award nominations to those earned in its first four seasons by stars Jane Fonda and Lily Tomlin, who also have received Screen Actors Guild, Golden Globe and other nods of recognition. “Friends” can boast of nabbing a best comedy series Emmy in … [Read more...] about ‘Friends’, ‘Grace and Frankie’ creator outfoxes sexism
‘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
GOP Senator Blocking Pentagon Promotions Over Abortion Policy
Republican Sen. Tommy Tuberville of Alabama is single-handedly holding up confirmations of top Department of Defense (DOD) positions over what he calls executive overstep into Congress’ jurisdiction over abortion policies, according to the senator and media reports. Secretary of Defense Lloyd Austin declared in February that the department would provide leave and funding for military personnel to travel out of state for abortions if they are based in a state that bans or heavily restricts the procedure. Tuberville said he plans to continue blocking about 160 promotions of military commanders to key positions in the Indo-Pacific and Middle East and for NATO until DOD reverses the policy and shows no sign of letting up, according to Punchbowl News and Tuberville. “I hate to have to do this. It’s unfortunate. But we make the laws over here. The DoD doesn’t. This is not about abortion. It’s about taxpayer-funded abortions,” Tuberville told Punchbowl. “If this was about a list … [Read more...] about GOP Senator Blocking Pentagon Promotions Over Abortion Policy
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