Pitchbook 2021 venture capital report

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

Share to Twitter Share to Linkedin Topline Sam Bankman-Fried will no longer be able to use a smartphone or access the internet freely on his laptop, according to a proposed amendment to his bail conditions filed late Monday in New York federal court, as the former boss of cryptocurrency exchange FTX will have to find new ways to kill time in the seven months before he goes to trial for fraud. Key Facts The proposal, jointly submitted by prosecutors and defense for judge approval, includes a variety of restrictions, such as replacing his personal cell phone with a phone only equipped to make voice calls and send SMS text messages. Bankman-Fried’s laptop will also be replaced with a new device with similar restrictions, restricting the former billionaire’s personal Internet use to 23 websites—including Forbes , NFL.com and, oddly, DoorDash, among others (see full list below). Notably, Bankman-Fried will no longer be able to use any … [Read more...] about No More Smartphone Or League Of Legends For Sam Bankman-Fried

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

Share to Twitter Share to Linkedin Topline The World Health Organization has urged African health authorities to be vigilant to the spread of the deadly Marburg virus, following reports of a new outbreak in Tanzania and a slew of new cases in Equatorial Guinea, as experts in multiple countries scramble to contain the highly infectious Ebola-like disease for which there is no approved vaccine or treatment. Key Facts Marburg is a highly infectious viral hemorrhagic fever in the same family as Ebola. The virus is initially transmitted to people from fruit bats and spreads among humans through contact with the bodily fluids of infected people, according to the WHO. Illness begins suddenly and symptoms include high fever, muscle pains, bleeding, severe headaches, diarrhea and vomiting blood. Marburg causes serious illness and can be lethal, with fatality rates from past outbreaks varying from 24% to 88% depending on virus strain and … [Read more...] about What Is Marburg? What You Need To Know About The Killer Ebola-Like Virus Spreading In Parts Of Africa

FILE PHOTO: Drone footage over Bakhmut, Donetsk region shows devastation amid fierce fighting during Russia’s ongoing invasion of Ukraine in this still image obtained from social media video released March 26, 2023. 93rd Mechanized Brigade “Kholodny Yar” via REUTERS KYIV — Ukraine is aiming to exhaust and inflict heavy losses on Russian forces trying to capture the small eastern city of Bakhmut, the commander of Ukrainian ground forces said in a video posted on Tuesday. In a video showing him addressing soldiers in what appeared to be a large industrial warehouse, General Oleksandr Syrskyi said Russia was continuing to focus on the Bakhmut area after months of battle. Moscow sees capturing Bakhmut as vital to its efforts to establish complete control over the Donbas industrial region in eastern Ukraine. “They do not stop trying to surround and capture the city,” Syrskyi said in the video posted on the Telegram messaging app. “As of today, our main task is to wear down the … [Read more...] about Ukraine aims to exhaust Russian troops in Bakhmut–general

JOHANNESBURG  -China spent $240 billion bailing out 22 developing countries between 2008 and 2021, with the amount soaring in recent years as more have struggled to repay loans spent building “Belt and Road” infrastructure, a study published on Tuesday showed. Almost 80 percent of the lending was made between 2016 and 2021, mainly to middle-income countries including Argentina, Mongolia and Pakistan, according to the report by researchers from the World Bank, Harvard Kennedy School, AidData and the Kiel Institute for the World Economy. China has lent hundreds of billions of dollars to build infrastructure in developing countries, but lending has tailed off since 2016 as many projects have failed to pay the expected financial dividends. “Beijing is ultimately trying to rescue its own banks. That’s why it has gotten into the risky business of international bailout lending,” said Carmen Reinhart, a former World Bank chief economist and one of the study’s authors. Chinese loans to … [Read more...] about China spent $240B bailing out ‘Belt and Road’ countries, study shows