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Wall Street - 1

Search resuls for: "Marc Vartabedian"


4 mentions found


☆ Eyeing an Electric Vehicle Boom, Venture Investors Back Mining Startups
  + stars: | 2023-08-25 | by ( Marc Vartabedian | ) www.wsj.com   time to read: 1 min
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Organizations: Wall Street
☆ First Citizens Won the SVB Auction. Can It Win Over SVB’s VC and Startup Clients?
  + stars: | 2023-04-12 | by ( Marc Vartabedian | ) www.wsj.com   time to read: 1 min
While First Citizens Bancshares Inc. may not have the record of Silicon Valley Bank in serving the startup ecosystem, venture capitalists and entrepreneurs who are familiar with the Raleigh, N.C.-based bank say its emphasis on customer relations fits well with SVB’s flexible approach to serving clients. Venture and startup players had wondered about the fate of SVB since the Federal Deposit Insurance Corp. took ownership of it in March and put it up for auction. First Citizens has since taken on most of the assets and liabilities...
☆ Startups Have Headed Off Failure By Doing These Things
  + stars: | 2023-02-27 | by ( Marc Vartabedian | ) www.wsj.com   time to read: 1 min
When the venture-capital financing market began to sputter last year, investors told their portfolio companies to make swift changes or risk going under. Roughly a year later, a picture is emerging of what type of belt-tightening occurred and what worked best. Startups made a variety of cuts to survive, investors say. Some made traditional moves, such as trimming new product offerings. Others took more unconventional paths like preserving sales and marketing divisions, which have traditionally been among the first on the...
☆ Venture Capitalists Seek to Buy Phoenix Suns With Potential Financing From Peter Thiel and Others
  + stars: | 2022-12-10 | by ( Marc Vartabedian | ) www.wsj.com   time to read: 1 min
Two venture capitalists have submitted a bid to buy the Phoenix Suns and Mercury professional basketball teams for $3 billion, an offer that could include financing from tech mogul Peter Thiel, according to people familiar with the matter and an offer sheet reviewed by The Wall Street Journal. The group is one of a handful of potential buyers, according to the people. The bid was submitted by Jack Selby, the managing director of West Hollywood, Calif.-based investment firm Thiel Capital, which was founded by Mr. Thiel, and Jason Pressman, the managing director of Menlo Park, Calif.-based venture firm Shasta Ventures.
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