Remgro venture capital

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

Ben Cohen of Ben & Jerry’s is telling me a story about smoking pot. We’re on Zoom, and he says: “The idea came about when I was on a camping trip with a friend of mine, sitting around a fire, smoking a joint. And we were saying, ‘Wouldn’t it be nice to have pot like the old days?’” The idea Cohen is referring to is his latest venture, the eponymously named Ben’s Best Blnz , or B3. The just-launched company is a bright, bold cannabis brand that offers low-THC pre-rolls and full-spectrum vapes. Much like his endeavors in ice cream, Cohen set out to use B3’s platform as a conduit for what he refers to as “social benefit.” B3 is registered as a nonprofit, with 100% of its profits split between three entities: 10% will go to the Last Prisoner Project , an organization dedicated to freeing individuals impacted by cannabis criminalization; another 10% will be donated to the Vermont Racial Justice Alliance , whose mission is to “secure sustainable power, ensure … [Read more...] about Ben of Ben & Jerry trades ice cream for cannabis

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

Metro Pacific Investments Corp chair and president Manuel V. Pangilinan and Solar Philippines founder and CEO Leandro Leviste shake hands after signing the share purchase agreement. MANILA  -Tycoon Manuel V. Pangilinan-led Metro Pacific Investments Corp. is buying into businessman Leandro Leviste’s SP New Energy Corp., announcing on Tuesday  the infusion of a P2-billion investment in the company plus an option that could make it the solar energy startup’s single largest shareholder. In a stock exchange filing on Tuesday, Metro Pacific said it signed definitive agreements to acquire 1.6 billion common shares or a 16 -percent stake in SP New Energy, which is aggressively raising money to bankroll an ambitious pipeline of solar power projects. Solar Philippines aims to build world’s largest solar farm Pangilinan will also replace Leviste, son of Sen. Loren Legarda, as chair of SP New Energy. Leviste will remain president and CEO of the company. “Our thrust of pursuing … [Read more...] about Metro Pacific invests P2B in Leandro Leviste’s solar power firm

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

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

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

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