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— - 3 WestCap - 2 Len Blavatnik - 2 SoftBank - 2 It's - 2 Nami - 1 WestCap's countersuit - 1 would've - 1
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Business - 4 Service - 3 Access Industries - 2 Industries - 2 US Department of Justice - 2 WestCap - 1 hasn't - 1 Rock Health - 1

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6 mentions found


☆ Tensions mount at troubled mental health startup Cerebral as another investor files a lawsuit
  + stars: | 2024-06-17 | by ( Rebecca Torrence | ) www.businessinsider.com   time to read: +5 min
Read previewThe infighting at mental health startup Cerebral is in full swing after an investor filed a lawsuit alleging another of the company's backers cost Cerebral hundreds of millions of dollars in value. This story is available exclusively to Business Insider subscribers. Access Industries' representative on Cerebral's board, Nami Park, is also an individual defendant in the lawsuit. But after Access filed its lawsuit against WestCap and Cerebral in April, that self-tender never happened, the June suit claims. With that offer buried, SoftBank still occupies one of six seats on Cerebral's board of directors.
Persons: —, WestCap, Len Blavatnik, Nami, WestCap's countersuit, would've, could've, WestCap's, SoftBank Organizations: Service, Access Industries, Business, Industries, WestCap, US Department of Justice, hasn't, Rock Health, Federal Trade Commission, FTC Locations: Delaware
☆ How one real-estate unicorn is getting past gutting layoffs and slowing deals
  + stars: | 2024-04-08 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +8 min
Rising interest rates have slammed the brakes on deals, and many real-estate companies have cut staff as revenues slowed. Founded in 2020 by real-estate executives Ryan Stroker and William Martiner, Avenue One was profitable by early 2021, company officials told Business Insider. AdvertisementAvenue One cofounder and CEO Ryan Stroker told BI in an interview how the company is navigating the difficult business environment. "I was told that I wasn't spending enough money six months before the layoffs," Stroker said. Layoffs and Big SpendingBoth Stroker and Avenue One's followup statement said the company is financially secure and described the layoffs as prudent rather than necessary.
Persons: It's, Ryan Stroker, William Martiner, Wall, Stroker, Martiner, John Burns, Ryan, Axel Springer Organizations: Service, KKR, Global, Business, MetLife, Wall, Amherst, John Burns Real Estate Consulting, BI Locations: Manhattan, Axel
☆ Exclusive: An investor in once-hot mental health startup Cerebral is suing the company
  + stars: | 2024-04-03 | by ( Rebecca Torrence | ) www.businessinsider.com   time to read: +5 min
Read previewAccess Industries, the investment firm founded by billionaire Len Blavatnik that invested in mental health company Cerebral, is suing the company and another of its backers as tensions mount inside the mental health company, according to documents obtained by Business Insider. It's the latest challenge to the once-hot mental health startup, which launched in 2020 to provide mental healthcare online. The lawsuit, filed by Access Industries on April 2 in Delaware, alleges an undercover power grab by WestCap, another Cerebral investor. A sinking shipOnce the hottest and fastest-growing mental health startup, Cerebral's fall from grace has been stunning. Since then, Cerebral hasn't raised any more venture funding, and the mental health company has conducted at least three rounds of layoffs.
Persons: —, Len Blavatnik, WestCap, David Mou, SoftBank Organizations: Service, Business, US Department of Justice, Access Industries, DOJ, Industries, Wall Street Journal, Bloomberg, US Drug Enforcement Administration, New York Locations: Delaware, WestCap
☆ Ruzwana Bashir Is Quietly Connecting the Tech World
  + stars: | 2023-11-16 | by ( ) www.businessinsider.com   time to read: +18 min
Story by Melia RussellPhotography by Lelanie FosterRuzwana Bashir is ransacking her kitchen cabinet for just the right tea. Bashir wears an Erdem floral-printed bra top, Erdem skirt, Giuseppe Zanotti shoes, Old Jewelry earrings along with her own bracelet and ring. "Part of building a business was going out and sharing what you were doing with the world," Bashir says. For years Bashir's startup had been building muscle around these capabilities; now it had an eager audience. Eating at acclaimed restaurants is fine, but Bashir prefers the more-intimate affairs at tech executives' homes because, she says, "you can stay longer."
Persons: Melia Russell, Lelanie Foster Ruzwana Bashir, Peek, She's, she's, Andy Warhol, Picasso, Bashir, I'm, Andreessen Horowitz, Jack Dorsey, Eric Schmidt, Goldman Sachs, Giuseppe Zanotti, Lelanie Foster, Bashir isn't, Elon Musk, Ronan Farrow, Roelof Botha, Mustafa Suleyman, we've, Bennett Miller, Capote, " Miller, —, doesn't, didn't, Madeleine Albright, Tom Ford, Jared Cohen, Oskar Bruening, Forbes, Mark Zuckerberg, I've, Bashir wasn't, Travis Kalanick, Adam Neumann, Ty, Emily Weiss, Bashir refashioned, Donald Trump, Bruening, Laurence Tosi's, Miller, Beyoncé, shrugs, Anna Wintour, Anna, we're, Taylor Swift, Katie Haun, Marc Benioff, Reid Hoffman, Marissa Mayer, Dick Costolo —, Cohen, Katherine Maher, Maher, Daniel Kahneman, It's, Radel, Becky Akinyode, Elaine Winter, Tiffany Bloomfield, Dela, Chad Hilliard, Enmi, Kenny Aquiles Ulloa, Cyrenae, Madison Perez, Aidan Lapp, Bashira Webb, Bryan Erickson, Jinyoung Chang, Rodriguez, Rebecca Zisser, Claire Landsbaum, Emma LeGault, Joi, Marie McKenzie, Conner Blake, Kyle Desiderio, Victoria Gracie, Nicole Forero, Virginia Alves Organizations: Google, Museum of, Business, Elon, Vogue, Roelof, Oxford University, Oxford Union, Blackstone Group, Harvard Business School, Studios, Web, Young, Organization, Dela Revoluciøn, Enmi Yang Digital Tech Locations: Manhattan, SoHo, Bahamas, United States, Balthazar, England, Israel, Petra, Istanbul, Elle, Utah, COVID, Salt Lake City, Costa Rica, Atlanta, WestCap
☆ Celsius Shareholders Are Denied Committee Status to Fight Customers for Assets
  + stars: | 2022-10-24 | by ( Soma Biswas | ) www.wsj.com   time to read: 1 min
A bankruptcy judge declined to grant Celsius Network LLC shareholders an official committee to battle the company’s customers over assets in chapter 11, finding no strong likelihood that equity holders will recoup any of their investments in the business. Equity holders including CDP Investissements Inc. and WestCap Management LLC, which together led a $400 million investment round in Celsius last year, failed to show a substantial likelihood the cryptocurrency lender is still solvent after its chapter 11 filing, U.S. Bankruptcy Judge Martin Glenn ruled Monday. The investors had sought official status in the chapter 11 case, which would have allowed them to bill their legal fees to the bankruptcy estate.
☆ Bitcoin firm NYDIG lays off about a third of employees - WSJ
  + stars: | 2022-10-14 | by ( ) www.reuters.com   time to read: +1 min
Oct 13 (Reuters) - Bitcoin company NYDIG laid off about a third of its workforce last month to cut costs, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The company laid off around 110 people on Sept. 22, weeks before replacing its top two executives, the WSJ reported. Register now for FREE unlimited access to Reuters.com RegisterNYDIG did not immediately respond to a Reuters request for comment. Earlier this month, NYDIG appointed Tejas Shah as its chief executive officer and Nate Conrad as president. Last year, NYDIG raised $1 billion in a funding round led by venture firm WestCap with participation from existing investor Bessemer Venture Partners, valuing the bitcoin company at more than $7 billion.
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