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☆ Crypto parties are still raging in the bear market. Here's what it's like at Mainnet, where tickets cost $2,100 and attendees network on yachts.
▼ + stars: | 2022-09-24 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Crypto enthusiasts, Web3 founders, and investors convened at Messari Mainnet in New York City this week. The tone was firmly upbeat, despite bitcoin, ether, and other digital assets struggling through a bear market. "The bear market just means more building"Nathani, like a dozen other attendees I spoke to this week, is shrugging off the crypto winter and is increasingly upbeat about what comes next. "The bear market just means more building," Brandon Rochon, lead data scientist at Covalent told Insider. Those who have been in the crypto space for long enough, he said, understand the next wave of crypto adoption is still coming, whether the economy is choppy or not.

☆ Black women are underrepresented in business and on the golf course. This Harvard Business grad is working to change that.
▼ + stars: | 2022-09-24 | by ( Ebony Flake | ) www.businessinsider.com time to read: +7 min

CitySwing seeks to create pathways for Black women on the golf course and in the boardroom. Yet she knew many women who looked like her didn't share that comfort because golf courses can be unwelcoming to Black women. Cash's realization that day gave way to an idea: create a place where people from all backgrounds — especially Black women — could golf. But the dichotomy is that the boldness required to get ahead is often read as aggressive or pushy in Black women." According to US News and World Report, some 552,000 Black women have left the workforce in the years since the pandemic began.

☆ Byju's pays $234 mln to Blackstone related to Aakash deal -source
▼ + stars: | 2022-09-23 | by ( Yuvraj Malik | ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterSignage is seen outside The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly/File PhotoSept 23 (Reuters) - India's Byju's has paid 19 billion rupees ($234 million) to Blackstone Inc , settling its dues owed to the private-equity firm as part of a $950 million deal to buy Aakash Educational, a source directly involved with the deal said on Friday. While closing the deal, Byju's had paid all of Aakash's shareholders, except Blackstone as the PE firm had agreed on deferred payment, the source said. Register now for FREE unlimited access to Reuters.com RegisterBlackstone did not immediately respond to a request for comment. ($1 = 81.1660 Indian rupees)Register now for FREE unlimited access to Reuters.com RegisterReporting by Yuvraj Malik in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ How SkyBridge founder Anthony Scaramucci is navigating the world between traditional and digital assets — plus his favorite coins and hedge funds for the tough market environment
▼ + stars: | 2022-09-21 | by ( Laila Maidan | Alyson Velati | ) www.businessinsider.com time to read: +7 min

A survey conducted by the Alternative Investment Management Association (AIMA), showed that about one-third of traditional hedge funds are investing in digital assets. Approximately one-third of the panel discussions revolved around digital assets, according to SkyBridge Capital's Anthony Scaramucci. And while some funds may still be grappling with the question of how much exposure they should allocate to digital assets, Scaramucci is pedaling forward. Long term, he believes in the appreciation of digital assets, and he's willing to pay the price of absorbing the volatility in the meantime. The pivot to digital assetsSkyBridge has pivoted heavily into crypto and blockchain technology from its traditional hedge fund of funds business.

☆ Chip-Making Push Expected to Boost U.S. Innovation
▼ + stars: | 2022-09-20 | by ( Angus Loten | ) www.wsj.com time to read: +3 min

U.S. efforts to boost domestic semiconductor manufacturing will have a beneficial impact on homegrown innovation, in part by ensuring tech startups have the resources they need to scale emerging technologies, industry experts said. Newsletter Sign-up WSJ | CIO Journal The Morning Download delivers daily insights and news on business technology from the CIO Journal team. PREVIEWMs. Levine, speaking Tuesday at The Wall Street Journal’s CIO Network online summit, said a robust domestic semiconductor industry can help unlock downstream innovation. The bipartisan Chips and Science Act, which Congress approved in July, goes a long way to boost innovation, Ms. Levine said. But in a capital-intensive industry like semiconductor fabs, where other countries have long supported private manufacturers, “it’s problematic that the U.S. isn’t involved,” Mr. Burns said.

☆ Why an influencer talent agency just acquired a startup that helps creators make media kits
▼ + stars: | 2022-09-20 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +3 min

Influencer-marketing and talent agency Viral Nation has acquired creator economy startup MediaKits. MediaKits, which launched in 2021, helps influencers design media kits using real-time social data. Influencer-marketing and talent management agency Viral Nation has acquired creator economy startup MediaKits. Creators often make media kits using software like Canva or Adobe, before sharing them with brands as PDFs. To help make these media kits more up to date and shareable, O'Brien and Adams built a tool that lets creators design media kits with real-time data from platforms like YouTube, Instagram, and TikTok.

☆ Inside the $4 billion family office of Walmart Heir Lukas Walton
▼ + stars: | 2022-09-19 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Lukas Walton, the billionaire grandson of Walmart founder Sam Walton, is reinventing the family office — building a multi-billion-dollar funding machine that powers charities, tech start-ups, public companies and activists seeking global change. Walton, 36, last year launched Builders Vision, a one-stop-shop of impact investing based in Chicago with more than $4 billion in assets. While most family offices separate philanthropy and investing, Walton has stitched them together into an impact-investing superstore – funding social and environmental causes through start-ups, public companies or charities. The Builders Vision venture capital fund, called S2G, is in the top quartile of venture capital funds by returns, according to Cambridge Associates benchmarks. Climate change, the food supply and ocean health are, after all, also investment risks, he said.

☆ How crypto billionaire Sam Bankman-Fried survived the market wreckage and still expanded his empire
▼ + stars: | 2022-09-16 | by ( Kate Rooney | ) www.cnbc.com time to read: +11 min

FTX also extended $500 million to struggling Voyager Digital, which later declared bankruptcy, and was in discussions to acquire South Korean crypto exchange Bithumb. While Bankman-Fried's cryptocurrency exchange FTX is suffering from the downturn in digital assets, he said market share growth helped offset the pain. FTX Trading Ltd. is headquartered in Antigua, with FTX Derivatives Markets based in the Bahamas, where Bankman-Fried lives. FTX Trading has acquired companies in Switzerland, Australia, Cyprus, Germany, Gibraltar, Singapore, Turkey and the United Arab Emirates, among other countries. watch nowLike Buffett, Bankman-Fried signed the Giving Pledge: a promise by the world's wealthiest individuals to donate the majority of their wealth to charity.

☆ I went from doctor to venture capitalist in less than 3 years — here's how I broke into the industry without studying finance
▼ + stars: | 2022-08-22 | by ( Ellen Nguyen | ) www.businessinsider.com time to read: +5 min

Here's her advice for making a career change into venture capital, as told to Ellen Nguyen. I started my career as a doctor at the NHS, then moved into consulting at McKinsey, and now I'm an early-stage investor at Octopus Ventures. I know many people think you have to have a financial background to get into venture capital, but it's not true. Here's my best advice for anyone wanting to break into venture capital. She also shares open opportunities in venture capital, and she's very transparent, which I find very helpful.

☆ A VC partner names the 4 key elements to a successful startup pitch — and one crucial thing founders should avoid
▼ + stars: | 2022-08-15 | by ( Nina Anika Klotz | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +5 min

He said too many founders present "short pitches of five to eight minutes." He said he was particularly annoyed by "short pitches of five to eight minutes." Have 2 decks — one short, one longer"You should have two versions of your pitch deck," Goeldi said. "We need a pitch deck that gets our attention in the first two to three minutes. "More in-depth questions will follow in further discussions, and a prerehearsed short pitch doesn't work."

☆ UPDATED: 10 ways to get funding in 2022 if you're a underrepresented founder
▼ + stars: | 2022-08-11 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +2 min

Underrepresented business owners have been hit hard throughout the pandemic. Underrepresented business owners said they struggled the most to access credit during the pandemic, a Federal Reserve survey found. And although venture capital funding hit a record high last year, it's dwindling this year as experts predict the US economy is headed toward a recession. We've also included some funding opportunities that aren't specific to underrepresented founders, but may still be relevant to their businesses. If you know of a funding opportunity that fits this list, please email this reporter at jortakales@insider.com.

☆ Family offices invested a record $120 billion in startups last year, fueling a new wave of entrepreneurs
▼ + stars: | 2022-08-09 | by ( Robert Frank | ) www.cnbc.com time to read: +7 min

Family offices more than doubled their direct investments in startups last year to more than $120 billion, remaking the venture-capital landscape and launching a new wave of family-office funded entrepreneurs. Single family offices invested $123 billion in direct venture capital deals last year, up from $55 billion in 2020, according to a report from SVB Capital. There are now more than 10,000 family offices worldwide — most created over the past decade — with over $6 trillion in assets under management. In-house deal teams "Family offices are leaning in to the venture asset class," said Shailesh Sachdeva, managing director of SVB Capital's Family Office practice. As they balloon in size and sophistication, family offices are becoming deal powerhouses in their own right.

Persons: Shailesh Sachdeva, SVB, Sachdeva, Younger, Joe Stadler, Stadler, Mark Ang, Michael Hyatt, Hyatt barraged Ang, Ang, Hyatt Organizations: SVB, UBS, UBS Global Wealth Management, University of Toronto, Hyatt Family, Hyatt Locations: Canadian

☆ Meet 16 top reverse-logistics leaders tackling retail's $761 billion e-commerce returns problem
▼ + stars: | 2022-07-15 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +19 min

Becca Meinz, the vice president of end-to-end supply chain at Best BuyBecca Meinz is the vice president of the end-to-end supply chain for Best Buy. Steve Lewis, the senior vice president of commercial strategy at GXOSteve Lewis is the senior vice president for commercial strategy at GXO. Kraig Foreman, the president of e-commerce at DHL Supply Chain North AmericaKraig Foreman is the president of e-commerce at DHL Supply Chain North America. Eduardo Vilar, the senior vice president of merchant solutions at AffirmEduardo Vilar is the senior vice president of merchant solutions at Affirm. Glen Sutton, the executive vice president at Ceva LogisticsGlen Sutton is an the executive vice president at Ceva Logistics.

☆ Family offices have become a $6 trillion powerhouse in investing—and deal-making
▼ + stars: | 2022-07-11 | by ( Robert Frank | ) www.cnbc.com time to read: +11 min

Family offices now manage more than $6 trillion in wealth, according to some estimates, surpassing the estimated $4 trillion managed by hedge funds. Many billionaire hedge fund managers, seeking lighter regulation or freedom from benchmarks and outside investor demands, are also converting to family offices. Singapore recently created a Family Office Development Team to lead and coordinate initiatives that will attract more family offices. The Wealth Management Institute has launched the Global-Asia Family Office Circle in Singapore to attract more family offices. Even family offices that serve more than one family often receive an exemption from the SEC to keep their filings confidential.

Persons: Andrew Cohen, John Paulson, Leon Cooperman, That's, Exchange Sara Hamilton, Cohen, John D, Rockefeller, J.P, Morgan, Goldman Sachs, " Cohen, Morgan Stanley, Daniel DiBiasio, We've, Michael Dell's, Goldman, Gregg Lemkau, West, Byron Trott, Sara Hamilton, Nicky, Jonathan Oppenheimer, Sergey Brin, James Dyson, Bill Hwang, Alexandria Ocasio, Dennis Kelleher, Kelleher, Archegos, Hamilton Organizations: Street, Morgan Private Bank, Forbes, Federal Reserve, Campden, Family, Exchange, JPMorgan, Bank of America, Citigroup, Credit Suisse, UBS, Deutsche Bank, Morgan Stanley Family, MSD Partners, Container Technologies, BDT Capital Partners, Wealth Management Institute, Google, SEC, Archegos Capital Management, Rep, Better Locations: Asia, U.S, Wall, West Monroe, Singapore, Alexandria, Cortez, Archegos

Shivon Zilis was pictured for the first time alongside Elon Musk and their twins on Wednesday. Musk quietly fathered twins with Zilis, a director at Neuralink, in 2021. She has a high-level role at NeuralinkIn 2017, Zilis joined Neuralink, the futuristic brain microchip company also co-founded by Musk. Tesla's new Gigafactory is located near Austin, and court documents obtained by Insider show list Musk and Zilis as residents of that address. Zilis and Musk's twins were born in November, a few weeks before Musk and the musician Grimes had their second child via surrogate.

Persons: Shivon Zilis, Elon Musk, Musk, Zilis, Elon Musk's, Walter Isaacson, —, Isaacson, Musk wasn't, Twitter —, Justine, Grimes, he's, Ray Kurzweil, I've, Sam Altman, Neuralink, Tesla, Lorena Gonzalez Fletcher, ck Elon Musk, Gonzalez, Austin Zilis Organizations: Elon, Service, SpaceX, Twitter, Yale University, Yale, IBM, Bloomberg Beta, Forbes, Canadian, Conference, Neuralink, California Locations: Zilis, Wall, Silicon, Austin, Ontario, Canada, Markham , Ontario, California, Texas, Boca Chica, South Texas

☆ A VC associate breaks down what it's like to work in venture capital: 'Our business model is to make piles of money into bigger piles of money'
▼ + stars: | 2022-05-11 | by ( Nina Anika Klotz | Nathan Rennolds | Business Insider Deutschland | ) www.businessinsider.com time to read: +5 min

Generation Z has already produced many founders, but it's still underrepresented in venture capital, Lawrence said in an interview with Insider. "Our business model is to make piles of money into bigger piles of money," Lawrence said. Lawrence said she got into venture capital because she wanted to help founders with visions she believes in. Her LinkedIn profile said she started in the operations team and then moved to the funds team. In Berlin, everyone is looking, and some funds work together, leading to everything becoming overpriced, she added.

Fewer than 200 Black women have ever raised $1 million or more in venture-capital funds. Black and Latina women founders received 0.43% of the $166 billion in VC funding from 2020.Insider is compiling a list of Black female founders who've raised $1 million or more in VC in 2021. What's more, companies led by Black women typically receive less than 1% of all venture capital funding, according to data from Crunchbase. If you're a Black female founder who's raised $1 million or more in VC funding this year, please contact Alexandra York at ayork@insider.com. An earlier version of this story misstated the time period in which 93 Black female founders had raised VC funds of $1 million or more.

☆ JOIN US FOR A LIVE EVENT ON APRIL 25: The 29-year old founder of one of the hottest startups in cannabis shares how she crafts the perfect pitch for investors
▼ + stars: | 2022-03-28 | by ( Jeremy Berke | Yeji Jesse Lee | ) www.businessinsider.com time to read: +1 min

ET, we'll be speaking with Vangst CEO Karson Humiston about crafting a perfect pitch. We'll also hear from Lerer Hippeau Partner Andrea Hippeau, who invested in Vangst in multiple rounds. ET where we'll be interviewing Vangst CEO Karson Humiston live about how to craft the perfect pitch for investors — in cannabis or any other industry. Vangst raised a $19 million Series B funding round in January, and you can see the full pitch deck she used for the round here. We'll also be joined by Lerer Hippeau's Andrea Hippeau, who has invested in Vangst over multiple funding rounds.

Credit cards are the best way to build credit, but you need good credit to get one. Founded in 2016, the company partnered with FDIC-insured WebBank to launch its credit card, Petal Card, to the general public last October. To help people with no credit build credit using the fee-free Petal® 2 "Cash Back, No Fees" Visa® Credit Card. Petal Card might not be the best credit card if you already have a robust credit history, but that's not really its purpose. Petal Card was created to help the "credit invisible" build credit with an affordable, transparent, user-friendly credit card, and in that regard, it's shaping up to be the best solution yet.

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