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☆ Meet Michael Klausner, the Stanford law professor who is the biggest critic of the SPAC deal craze — and believes its crash was 'completely predictable'
▼ + stars: | 2022-09-23 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com time to read: +7 min

Many SPAC deals announced last year have been having a hard time closing. Now, the dismal fates of dozens of SPAC deals announced during last year's SPAC frenzy seem to vindicate his analysis. And others this year, like men's grooming brand Manscaped, SeatGeek, the live event ticket search engine, and business news outlet, Forbes, have all scrapped their SPAC deals to go public. Klausner has been paying attention to SPAC deals for a few years. Of the 275 deals announced in 2021, 240 have closed, according to Dealogic data.

☆ See the exclusive 22-slide pitch deck that AI company 4M Analytics used to raise $45 million in Series A funding
▼ + stars: | 2022-09-20 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

4M Analytics uses AI and other tools to create its 'Google maps' for underground utilities. 4M Analytics, which uses technology and resources like artificial intelligence, satellite imagery and records to locate underground utility infrastructure, has raised a total of more than $45 million in Series A funding. The latest was an extension of its Series A round — led by Insight Partners and ITI Venture Capital Partners — which raised some $30 million. "We saw the market of subsurface utility engineering and the manually intensive processes of creating maps," Malka said. 4M Analytics' technology to create these underground maps does not use sensors — it uses just satellite imagery, records, and a data engine to identify utility infrastructure underground, according to the company.

☆ 7 therapists and lawyers offer keys to navigating the stresses of Big Law
▼ + stars: | 2022-09-01 | by ( Casey Sullivan | Sindhu Sundar | ) www.businessinsider.com time to read: +3 min

Employees can use legal protections under the ADA and FMLA to seek help for mental health issues. Insider recently chronicled the stresses of Big Law life. As part of this, we spoke with lawyers who have suffered from depression and, after having taken time to address their mental health issues, have continued to lead successful careers. Beyond legal protections, companies can also work with their employees to offer arrangements that suit their needs, she said. Through the course of our reporting, several lawyers offered actionable pieces of advice that readers could find useful to think about when approaching work.

☆ Lawyers Open up About Depression and Suicide, Saying It's Key to Saving Others
▼ + stars: | 2022-08-30 | by ( Casey Sullivan | Sindhu Sundar | ) www.businessinsider.com time to read: +15 min

His doctor had prescribed him antidepressants, but he was starting to realize that his mental health issues needed additional care. They said that doing so could alleviate the struggles of others, and that it's important for law firm attorneys to understand they aren't alone. He also co-founded the Lawyers Depression Project, a support network of some 900 legal professionals around the world, an endeavor he has found meaningful. "I didn't feel like I could keep surviving in an environment that played into the worst aspects of my own mental health," Alexander said. For lawyer-specific inquiries, you can find confidential, live assistance through Lawyer Assistance Programs offered through your state bar, as well as through the Lawyers Depression Project.

☆ SPACs are running out of time to close dozens of deals with startups that hoped to go public. Here's why they're being delayed and may not get done.
▼ + stars: | 2022-08-22 | by ( Sindhu Sundar | Stephanie Palazzolo | ) www.businessinsider.com time to read: +5 min

SPAC mergers announced last year have yet to close and are up against the clock. In 2021 alone, they raised nearly $163 billion, and 275 merger deals were announced, according to data from Dealogic. Several SPAC mergers are now in limbo, among them embattled mortgage startup Better.com, fintech company Aspiration, and crypto startup Bullish, which all announced their SPAC mergers more than a year ago. Those price tags are no longer reliable as they've become outdated, adding an extra challenge to securing financing to close deals during a downturn, experts said. Deadlines to close SPAC mergers can vary depending on the lifespan of the blank-check company in question, but typically range from a year to two years.

☆ A law firm built investor networks for women-led startups that have gone on to raise more than $85 million. Here's how.
▼ + stars: | 2022-02-14 | by ( Sindhu Sundar | ) www.businessinsider.com time to read: +6 min

Davis Wright Tremaine is training women founders and creating networking opportunities. The law firm's programs "sought to provide us with a holistic overview of the social impacts of careers in tech, and the practical considerations that were important for success," she said. The law firm's programs linked founders to investors, helping to forge valuable connections for when her company strategizes for growth, Hosey said. The initiative was launched by Lynn Loacker, a partner at the firm and a longtime mergers-and-acquisitions attorney who now works full time on the firm's programs for women entrepreneurs. Helen Adeosun, the CEO of the home-care-training platform CareAcademy, participated in the firm's Women in Entrepreneurship Bootcamp and closed a $9.5 million series A round in 2020.

☆ The luxury boats owned by some of the wealthiest people in tech, from a yacht so big it has its own support boat to superyachts with swimming pools and basketball courts
▼ + stars: | 2021-08-10 | by ( Grace Kay | Sindhu Sundar | ) www.businessinsider.com time to read: +2 min

Many billionaires like Jeff Bezos and Richard Branson enjoy spending their time on luxurious yachts. Here are some of the billionaires in tech who own private yachts. Beyond the private planes occupying the hangars of billionaires, yachts have come to symbolize the highly private sites of leisure and networking reserved for the ultra-wealthy. Chartering yachts owned by billionaires like Alphabet cofounder Sergey Brin has previously cost customers anywhere from $773,000 a week to $1.2 million. Take a look at some of the yachts that have been owned by tech billionaires.

Persons: Jeff Bezos, Richard Branson, Jane, fiancée Lauren Sanchez, Bezos, MacKenzie Scott, Larry Ellison, Sergey Brin, Larry Page, Paul Organizations: Morning, Amazon, Tech, Google, Microsoft, Bloomberg

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