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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

My first-ever performance review was for a huge consulting firm. It felt like drinking water from a firehose: How could I condense everything I’d done and learned into a few paragraphs? I stayed up all night, hacking together a list. But when I was done, I realized I’d missed the mark. All I had created was a record of the activities I’d done. The “so what?” wasn’t there. It wasn’t an ideal way to kick off my career. So, I developed a system that helped me track and celebrate my milestones and prepare for my reviews—without subjecting myself to disgusting coffee and all-nighters. Here’s my system, and how you can adapt it for your performance reviews. Step 1: Identify your metrics A successful performance review connects your accomplishments to metrics that matter. So, how do you identify the most important metrics? Pull verbs from your job description When you boil down a job description down, the verbs are what matter. Those words—along with … [Read more...] about A simple 5-step system to ace performance reviews

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

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

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

Cast members Jennifer Aniston and Adam Sandler arrive at the Los Angeles premiere of “Murder Mystery” at the Regency Village Theatre on Monday, June 10, 2019 in Westwood, Calif. Image: Jordan Strauss/Invision/AP LOS ANGELES — When it came to their kissing scenes in Netflix’s “Murder Mystery,” Jennifer Aniston had one requirement of co-star Adam Sandler. “I did have him learn to oil the beard up a little bit,” the actress said in a joint interview this week. “Conditioned.” Sandler said kissing his longtime friend on camera isn’t all that awkward, except when his wife Jackie and children are on set encouraging him a little too much. “The only awkward part is hearing my wife on the side going, ‘Harder! Harder! Kiss her harder! Deeper!” he joked. “They (Jackie and the kids) watched the kissing. They love it. They love Aniston, and they want her to have good things and they say, ‘Give her something nice.'” “That was awkward,” Aniston said. “Murder Mystery” follows a longtime … [Read more...] about Jennifer Aniston to Adam Sandler before kissing scenes: ‘Oil up the beard’

Jennifer Aniston attends the world premiere of “Dumplin'” at TCL Chinese Theatre on Thursday, Dec. 6, 2018, in Los Angeles. Image: Richard Shotwell/Invision/AP LOS ANGELES — Jennifer Aniston calls it “amazing” that “Friends” still has an audience big enough to prompt multi-million dollar business deals to keep it from disappearing on Netflix. “I find it amazing that it’s continued to have such love and such an audience and such an appetite for it,” Aniston told The Associated Press Thursday at the premiere of her Netflix film “Dumplin”. After an outcry from fans, Netflix announced earlier in the week that it was keeping the adventures of Ross, Rachel, Phoebe and Joey available to subscribers through 2019 — at a reported $100 million (around P5.2 billion) price tag to the streaming service. READ: ‘Friends’ staying on Netflix through 2019 “I think it says a lot about the show. Especially since it takes place at a time where it’s so different from now. You know, people … [Read more...] about Jennifer Aniston: Netflix ‘Friends’ deal a testament to show’s value

Friends. Image: Warner Bros. TV via AFP Relaxnews Enormously popular 1990s and 2000s sitcom “Friends” is to remain available on streaming service Netflix until 2020, after which point it may well end up on WarnerMedia’s upcoming platform. Airing from 1994 to 2004 on NBC, Netflix had acquired “Friends” as the result of an online streaming deal that began January 1, 2015. Fans had been preparing to lose all ten seasons when, over the weekend, the Netflix page for “Friends” began warning users that the show would disappear from Jan. 1, 2019. That’s no longer the case, if it ever was, with Netflix confirming via Twitter that “‘Friends’ will still be there for you in the U.S. throughout 2019.” The Holiday Armadillo has granted your wish: “Friends” will still be there for you in the US throughout 2019 pic.twitter.com/Yd0VqRzk3r — Netflix US (@netflix) December 3, 2018 International branches of the streaming giant echoed the sentiment. The subscription … [Read more...] about ‘Friends’ staying on Netflix through 2019

The Richard Rodgers Theatre is seen on June 6, 2019 located on 226 West 46th Street where “Hamilton”, one of Broadway’s biggest hits, is playing in New York. Photo by TIMOTHY A. CLARY / AFP) NEW YORK — After triumphing on Broadway, the lower 48 states and London’s West End, “Hamilton” is eyeing its first non-English production as well as tours throughout Europe and Asia. The much-decorated musical, currently being staged nightly in London and New York as well as four other US cities, last month announced plans to launch in Sydney in early 2021 in a production expected to tour Australia before going to Asia, its producer said in an interview. The “Hamilton” team is also working with a German hip-hop artist and playwright to develop a German-language version of the work. The show, which is performed by a mostly non-white cast and mixes pulsating rap numbers with ballads and traditional musical numbers, has been credited with invigorating Broadway, thrilling audiences of … [Read more...] about After conquering Broadway, ‘Hamilton’ eyes global tour