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☆ Nintendo founder's YFO set to raise Toyo bid -source
▼ + stars: | 2023-09-25 | by ( Makiko Yamazaki | ) www.reuters.com time to read: +1 min

It took about nine months for Toyo to form a special committee to assess YFO's offer, which YFO said acted against shareholders' interest. At an annual meeting in June, Toyo shareholders approved seven of nine directors backed by YFO, allowing these directors to form a majority of the board. It had been possible for YFO to hold talks with Toyo since the board reshuffle, the source said. YFO had already notified Toyo of its proposal and believes it could start a tender offer by late December, the source said. Expectations for a sweetened offer from YFO have in recent weeks boosted Toyo shares, which closed at 1,241 yen on Monday.

Persons: Yamauchi, Toyo, YFO, YFO's, Makiko Yamazaki, Alexander Smith Organizations: Japan's Toyo, Toyo, YFO, Thomson Locations: TOKYO

☆ Instacart founder Apoorva Mehta says his 'empty fridge' was the inspiration for the delivery startup
▼ + stars: | 2023-09-25 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

Instacart founder's empty fridge was the "lightbulb moment" for coming up with the idea for the delivery startup, he said. Apoorva Mehta walked away with over $1.1 billion in net worth after the delivery startup's IPO on Wednesday. AdvertisementAdvertisementMehta walked away with a fortune of over $1.1 billion after his delivery startup's IPO on Tuesday. Before starting the company, Mehta quit his job at Amazon in 2010 and moved to San Francisco to become an entrepreneur. During the early stages of Instacart, Mehta also said he missed the application deadline for the startup accelerator YCombinator by over two months.

Persons: Apoorva Mehta, Instacart, Mehta, Fidji Simo, — Aswath, NYU's Stern School of Business —, Damodaran Organizations: Service, Meta, Bloomberg, SEC, NYU's Stern School of Business, Amazon, CNBC Locations: Wall, Silicon, San Francisco, Friday's

☆ 'The scholar, the pragmatist, and the rainmaker:' How three Bloomberg Beta VCs bet on AI before it became a buzzword
▼ + stars: | 2023-09-18 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

Bahat brings this same radical directness to Bloomberg Beta, the early-stage venture capital fund housed within the larger Bloomberg empire that he's run for the past decade. And Bloomberg Beta was making investments in generative AI as far back as 2015, before the term "generative AI" even existed. "It felt like we were just waiting for the right moment," said Cham, Bloomberg Beta partner and de-facto chief technologist, "where the rest of the world would see it." Bloomberg Beta made the decision early on to publish its entire operating manual on GitHub, including sensitive information about average check size and investment criteria. Kieran Snyder, the founder of generative AI startup Textio which Bloomberg Beta invested in in 2015, has a shorthand for describing the role of Beta's three partners.

Persons: Roy Bahat's, Bahat, James Cham, Karin Klein, Shivon Zillis, Elon Musk's, Cham, ChatGPT, VCs, Bloomberg Beta, Dan Doctoroff, Mike Bloomberg, Doctoroff, Bahat's chutzpah, Bloomberg —, Bloomberg Philanthropies, Tade Oyerinde, Sam Altman, Peter Thiel's Founder's, Roy didn't, Oyerinde, Kieran Snyder, who's, Apple Lisa, Klein, Karen, Snyder, Roy, Zilis Organizations: Port Authority, World Trade Center, IGN, Bloomberg Beta, Bloomberg, LinkedIn, Elon, Beta, Apple, New Locations: New York, Silicon Valley, East, California

☆ Hugh Hefner's son says he's made $33,000 since joining OnlyFans – because he's a 'nepo baby'
▼ + stars: | 2023-09-16 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Hugh Hefner's son has earned more than $33,000 since joining OnlyFans as a creator in March. He admits he's a nepo baby and wouldn't have the same opportunities if it wasn't for his famous dad. The term nepo baby — short for nepotism baby — became popular after New York magazine examined the world of Hollywood nepotism. Hefner readily admits he's a nepo baby: "If I wasn't Hugh Hefner's son I wouldn't have seen the same opportunities I have been given. "I don't have an allegiance towards OnlyFans or Playboy, but OnlyFans has helped me grow a lot," he said.

Persons: Hugh Hefner's, Marston Hefner, Hugh Hefner, —, he's, Hefner, I wouldn't, Dan Tuffs, OnlyFans, Daren Organizations: OnlyFans, Service, New York, Playboy Locations: Wall, Silicon, Los Angeles

☆ Griffin of Citadel hedge fund lays out roadmap to future philanthropic giving
▼ + stars: | 2023-09-13 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

Companies Citadel Income Fund FollowNEW YORK, Sept 13 (Reuters) - Ken Griffin, the world's most successful hedge fund manager in terms of earnings, has already donated more than $2 billion to charity during his lifetime and on Wednesday laid out a roadmap for his future philanthropic giving to find faster solutions to the world's biggest problems. Griffin, who laid the foundations for Citadel in his Harvard dormitory, launched Griffin Catalyst (GriffinCatalyst.org), a platform that illustrates how he thinks about giving and showcases his partner organizations and how they have put his money to work. Already a big donor to schools and universities, Griffin said his giving will focus on six areas: Education, Science & Medicine, Upward Mobility, Freedom & Democracy, Enterprise & Innovation and Communities. Earlier this year Griffin donated $300 million to his alma mater. Early in his career, Griffin also donated time tutoring Chicago children in math.

Persons: Ken Griffin, Griffin, Griffin Catalyst, Svea Herbst, Bayliss, David Gregorio Our Organizations: Citadel, Harvard, Griffin Catalyst, Science & Medicine, Upward Mobility, & Democracy, Enterprise, Innovation, Forbes, U.S . State Department, U.S . Food, Drug Administration, Chicago, Svea, Thomson Locations: Chicago, United States, Wuhan, China

NEW YORK (AP) — “I always know, because I've lived life long enough, you can change things," Bethann Hardison said at the start of "Invisible Beauty,” a new documentary focused on her more than five decades in fashion. “She has changed the way beauty is defined.”Hardison co-wrote and co-directed the film with Frédéric Tcheng ("Halston," “Dior and I”). TCHENG: I didn't know who Bethann was when I was asked to do a short film when she received the Council of Fashion Designers of America’s Founder's Award (2014). She’s really changed the way fashion looks. I think the fashion model might be here to stay, but I have my foot on the clutch, just in case.

Persons: — “, I've, Bethann Hardison, Hardison, ” Tracee Ellis Ross, “, ” Hardison, Frédéric, “ Dior, Frédéric Tcheng, hadn’t, America’s Organizations: Garment District, Girls ' Coalition, Diversity Coalition, of Fashion Designers Locations: “, Versailles, ”, New York, London, Paris, Milan, Brooklyn

Fujishima said the alleged sex abuse had really happened and that she would stay on the company’s board to see through a victim compensation program. A group of men who accused Kitagawa of raping them as children said they were pleased the company apologized, but some had reservations. The three-month probe concluded that Johnny Kitagawa sexually assaulted and abused boys as far back as the 1950s and targeted at least several hundred people. The men who have come forward say Kitagawa raped, fondled and abused them while they were working for his company as dancers and singers. One man who came forward recently said he was routinely molested when Kitagawa had yet to found his company.

Persons: Julie Keiko Fujishima, Johnny Kitagawa, ” Fujishima, Fujishima, Kitagawa, Yukihiro Oshima, Noriyuki Higashiyama, “, ” Higashiyama, ”, Higashiyama, ” ___ Yuri Kageyama Organizations: TOKYO, Johnny & Associates, BBC Locations: Tokyo

☆ Robinhood pays $605 million for 55 million shares once owned by Sam Bankman-Fried following a 4-way tussle
▼ + stars: | 2023-09-02 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Robinhood bought 55 million of its shares worth $605 million that Sam Bankman-Fried once owned. Robinhood, SBF, FTX, and a bankrupt crypto lender had all laid claim to the seized shares. AdvertisementAdvertisementRobinhood has bought back more than $600 million worth of its own shares that were owned by Sam Bankman-Fried before his arrest. In a regulatory filing with the Securities and Exchange Commission (SEC) Friday, the trading platform said it had acquired 55 million shares from the United States Marshal Service (USMS). Shares in Robinhood closed 2% higher Friday following the release of the filing, valuing the company at about $10 billion.

Persons: Robinhood, Sam Bankman, Fried, FTX, BlockFi Organizations: Department of Justice, Morning, Securities and Exchange Commission, SEC, United States Marshal Service, DoJ, Emergent Fidelity Technologies, Emergent Fidelity, Marshal Service Locations: Bankman, Robinhood

☆ Bezos snubbed Musk's SpaceX for huge satellite launch contract, Amazon shareholder says
▼ + stars: | 2023-09-01 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +5 min

An Amazon shareholder lawsuit says the company snubbed SpaceX for valuable satellite launch contracts because of Jeff Bezos' personal rivalry with Elon Musk , who has taunted his fellow billionaire's space ambitions for years. Last year, Amazon announced what it called the biggest rocket deal in the commercial space industry's history, signing launch contracts with United Launch Alliance (ULA), Arianespace, and Bezos' Blue Origin. Blue Origin has yet to provide a statement in response to CNBC's request for comment on the lawsuit. In January 2022, the suit says Bezos' team told the Amazon audit committee that two contracts had been fully negotiated with Blue Origin and ULA. "Bezos, it must be assumed, could not swallow his pride to seek his bitter rival's help to launch Amazon's satellites," the suit adds.

Persons: Jeff Bezos, Elon Musk, Bezos, –, Andy Jassy, Eisenhofer, Origin's, ULA Organizations: SpaceX, Tesla, Origin, Cleveland Bakers, Teamsters Pension Fund, Amazon, Elon, United Launch, CNBC, CB, Blue, FCC, Foods Locations: Delaware, New York

☆ SEC orders LA-based company to pay $6.1 million for alleged sale of NFTs as unregistered securities–what investors should know
▼ + stars: | 2023-09-01 | by ( Cheyenne Devon | ) www.cnbc.com time to read: +1 min

On Monday, the SEC fined Impact Theory, a Los Angeles-based entertainment company, $6.1 million, alleging the NFTs sold by the company were unregistered crypto asset securities, per an August 28 press release. The SEC alleges Impact Theory told investors who purchased them that they would "profit from their purchases" if the company was successful down the road. Impact Theory reportedly raised about $30 million through its NFT sales. Impact Theory hasn't admitted or denied the SEC's allegations, but has agreed to a cease-and-desist order. The company will also destroy any remaining NFTs in its possession and return funds to investors who purchased NFTs, according to the SEC's press release.

Persons: hasn't Organizations: Securities and Exchange Commission, SEC Locations: Los Angeles

[1/2] Trevor Milton, (C) founder and former-CEO of Nikola Corp., exits the Manhattan Federal Courthouse following an appearance in New York City, U.S., July 29, 2021. U.S. District Judge Edgardo Ramos said the juror's online posts did not show she lied about her views during jury selection. Prosecutors accused Milton of using social media and news-media interviews to make false and misleading claims, including that Nikola built an electric- and hydrogen-powered "Badger" pickup from the "ground up." They said the juror had lied when she answered "no" when asked if she used social media. Ramos said it appeared the juror had not intentionally concealed her social media use because she had disclosed using YouTube.

Persons: Trevor Milton, Eduardo Munoz, Nikola, Edgardo Ramos, Milton, Jeff Bezos, Mark Zuckerberg's, Ramos, Jody Godoy, Andy Sullivan Organizations: Nikola Corp, REUTERS, Nikola, District, Prosecutors, YouTube, Court, Southern District of, Thomson Locations: Manhattan, New York City, U.S, United States, Milton, Southern District, Southern District of New York, New York

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, arrives at court as lawyers push to persuade the judge overseeing his fraud case not to jail him ahead of trial, at a courthouse in New York, U.S., August 11, 2023. Bankman-Fried, 31, has pleaded not guilty to fraud and conspiracy charges stemming from the November 2022 collapse of his now-bankrupt cryptocurrency exchange. Bankman-Fried's lawyers asked that he be returned to his parents' custody, so he can prepare adequately for trial. Bankman-Fried's lawyers said their client wasn't being given time to sort through the deluge, depriving him of his constitutional right to a fair trial. Danielle Kudla, a prosecutor, said her office had delivered a hard drive with evidence for Bankman-Fried to the MDC earlier on Wednesday.

Persons: Sam Bankman, Eduardo Munoz, FTX, District Judge Lewis Kaplan, Kaplan, Palo, Mark Cohen, Danielle Kudla, Luc Cohen, Jonathan Stempel, Jonathan Oatis Organizations: REUTERS, U.S, District, Brooklyn's Metropolitan Detention Center, Google, Attorney's, MDC, Thomson Locations: New York, U.S, Manhattan, Brooklyn's, Palo Alto , California, Bahamas, Bankman

☆ LA media company settles first SEC enforcement case over NFTs
▼ + stars: | 2023-08-28 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Signage is seen at the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. The SEC said Impact Theory marketed its Founder's Keys--sold in "Legendary," "Heroic" and "Relentless" tiers--as a means to profit from its business by investing at an early stage. Impact Theory allegedly raised $29.9 million by selling 13,921 Founder's Keys in late 2021, and received $978,000 of royalties from secondary sales. The SEC said Impact Theory also compared its NFTs with "handing ($20) to Mark Zuckerberg in his dorm room," referring to the billionaire Facebook co-founder. SEC commissioners Hester Peirce and Mark Uyeda partially dissented from Monday's settlement, saying the regulator owed investors better guidance on NFTs.

Persons: Andrew Kelly, Disney, Mickey Mouse, Willie, Mark Zuckerberg, Antonia Apps, Hester Peirce, Mark Uyeda, Peirce, Uyeda, Nathaniel Chastain, Jonathan Stempel, David Gregorio Our Organizations: U.S . Securities, Exchange Commission, SEC, Washington , D.C, REUTERS, Los, U.S, Securities, Walt Disney, Disney, Facebook, Thomson Locations: Washington ,, Los Angeles, York, Manhattan, New York

☆ Fintech firm Ramp raises $300 mln at lowered valuation of $5.8 bln
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

Aug 22 (Reuters) - Ramp, a developer of financial management software, has raised $300 million in its latest funding round to accelerate expansion in new categories, the company said on Tuesday, notching up a valuation of $5.8 billion. The new funding is at a lower valuation from the $8.1 billion achieved by the New-York based startup in a funding round last year, a spokesperson of the company confirmed. The latest funding round was co-led by Thrive Capital and Sands Capital along with existing investors Founder's Fund and General Catalyst among others. Previous investors in the fintech include Microsoft Corp (MSFT.O) CEO Satya Nadella, Goldman Sachs (GS.N), Redpoint Ventures and Thrive Capital. The financial management company intends to expand its software into adjacent categories in an attempt to make customer's businesses more "efficient", said Chief Executive Officer Eric Glyman.

Persons: Satya Nadella, Goldman Sachs, Eric Glyman, Pritam Biswas, Shailesh Organizations: New, Sands Capital, Founder's Fund, Catalyst, Microsoft Corp, Redpoint Ventures, Thomson Locations: York, Bengaluru

☆ Jeff Bezos' Fiancee Flaunts 'Loud Luxury' Vacation Style
▼ + stars: | 2023-08-22 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

Lauren Sanchez, Jeff Bezos' fiancee, has traded in quiet luxury for "loud luxury." Sanchez's vacation style has included vibrant colors, loud patterns, and flashy sequined ensembles. Sanchez and Bezos have been galavanting across Europe this summer aboard the Amazon founder's $500 million megayacht, and Sanchez has packed a variety of 'loud luxury' pieces. Instead of donning neutral color palettes and label-less attire, two crucial components of quiet luxury dressing, Sanchez's summer Yacht style has included an array of colorful and flashy ensembles that broadcast brand names. Another white dress she wore in Spain was entirely encrusted in pearls, writes the Daily Mail.

Persons: Lauren Sanchez, Jeff Bezos, Sanchez, Pucci, Piana, Kendall, Louis Vuitton, logoed Chanel, Daniela Gregis, Mimi Liberté Organizations: Service, Daily Mail, Daily, GQ, Wall Street Locations: Europe, Wall, Silicon, Saint, Portofino, Ibiza, Spain

☆ A message to OpenAI's Sam Altman was an AI startup founder's last ditch effort to help save her company — and it worked
▼ + stars: | 2023-08-21 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +5 min

The AI startup was recently named by VCs as one of 2023's most promising startups. Thompson named her startup Milo, an acronym for "my important loved ones," and raised some early funding from the accelerator Y Combinator in 2020. "You never hear someone talk about the power of these models to help families," said Brad Lightcap, OpenAI's chief operating officer. On Milo, parents can send text messages of grocery lists, photos of permission slips or sign-up-sheets for school activities to the Milo chatbot. To date, Milo has raised an undisclosed amount of pre-seed and seed capital from Y Combinator, OpenAI, Magnify Ventures, Bronze Ventures, and several angel investors.

Persons: Milo, Avni Patel Thompson, Sam Altman, VCs, Thompson, Mary, Archa Jain, Brad Lightcap, Milo chatbot, Cleo, Sara Ittelson, I'm Organizations: Starbucks, Reebok, Accel, Bronze Ventures Locations: Y

☆ Jeff Bezos' hot yacht summer with fiancée continues in Croatia with Orlando Bloom, Katy Perry, and Usher
▼ + stars: | 2023-08-17 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

The pair was photographed walking and sailing with A-listers Katy Perry, Orlando Bloom, and Usher. Weeks earlier, the couple hosted a lavish engagement party on Bezos' $500 million yacht. Bezos and Sanchez were recently seen enjoying the summer weather with Katy Perry, Orlando Bloom, and Usher, according to photos published in People. Bezos, Sanchez, Perry, Bloom, and Usher were photographed walking around Dubrovnik, Croatia, according to the report, a coastal city known for being a filming location for "Game of Thrones." Just weeks ago, the couple hosted an engagement party on Bezos' $500 million yacht in Italy, according to Page Six.

Persons: Jeff Bezos, Lauren Sanchez, Katy Perry, Orlando Bloom, Usher, Weeks, Bezos, Sanchez, Perry, Bloom, it's, Lil Nas X, Bill Gates, Leonardo DiCaprio, Kris Jenner, Mackenzie Scott Bezos Organizations: MEGA, Sanchez's, Amazon, Bezos Locations: Croatia, Europe, Dubrovnik, Portofino, Italy

☆ Sam Bankman-Fried donated millions to 'weed out anti-crypto' politicians, new evidence says
▼ + stars: | 2023-08-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Prosecutors say Sam Bankman-Fried donated $100 million to politicians using FTX funds. Messages from Ryan Salame quoted in a court filing say SBF wanted "to weed out anti-crypto" politicians. Although prosecutors have put that number as high as $100 million because they say Bankman-Fried funneled millions more through FTX executives. Prosecutors' evidence includes messages from Ryan Salame, the former co-CEO of FTX's Bahamian affiliate company, who prosecutors say is "a co-conspirator in the defendant's illegal campaign finance scheme." Salame's message added it was likely Bankman-Fried would "route money through me to weed out that republican side," according to the filing.

Persons: Sam Bankman, Fried, Ryan Salame, SBF, George Soros, Mike Bloomberg, hasn't, Salame Organizations: Morning, Washington D.C, Prosecutors, Republicans, FTX's Bahamian, Republican Locations: Washington, The Bahamas

Sam Bankman-Fried will head to jail on Friday after a judge sided with a request by federal prosecutors to revoke the FTX founder's bail over alleged witness tampering. Judge Lewis Kaplan denied Bankman-Fried's request for delayed detention pending an appeal. "My conclusion is there is probable cause to believe the defendant tried to tamper with witnesses at least twice," said Judge Kaplan during his ruling. Judge Kaplan previously issued a direct and stern warning to Bankman-Fried in July over his conversations with the media. It is an argument that proved sufficient to convince Judge Kaplan to send Bankman-Fried to jail ahead of his trial.

Persons: Sam Bankman, Fried, Judge Lewis Kaplan, Bankman, Kaplan, Kaplan's, Palo, billionaire's, Judge Kaplan, Caroline Ellison, Ellison Organizations: Brooklyn's Metropolitan Detention Center, The New York Times, Freedom, Press, New York Times, Bankman, Alameda Research, Times Locations: New York, Putnam , New York, Brooklyn's, Bankman, Palo Alto , California, Bahamas

A New York judge will decide on Friday, during a hearing that starts at 2 p.m. ET, whether to send Sam Bankman-Fried to jail. Federal prosecutors have asked U.S. District Judge Lewis A. Kaplan to revoke the FTX founder's bail over alleged witness tampering. Kaplan previously issued a direct and stern warning to Bankman-Fried in July over his conversations with the media. The government told the judge in a letter that next week it plans to file a new superseding indictment.

Persons: Sam Bankman, District Judge Lewis A, Kaplan, Fried, Palo, billionaire's, Caroline Ellison, Ellison Organizations: U.S, District, The New York Times, Freedom, Press, Bankman, Alameda Research, Prosecutors, Bahamas Locations: York, Manhattan, Bankman, Palo Alto , California

☆ Fintech VCs are readying their checkbooks as cash-strapped startup founders run out of options
▼ + stars: | 2023-08-08 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Fintech funding has been on a decline from 2021's peak levels, but VCs see signs of a rebound. VCs are itching to get back to dealmaking as they see early signs of a rebound in the fintech industry. Cash-strapped founders who didn't want to fundraise in a down market and get valuations slashed are running out of options and time. They dominated the fintech market in the past several years, but the shine is wearing off, Shriner said. Fintech VCs will get to spend more time on due diligence, looking beyond so-called "vanity metrics," Fernandez said.

Persons: Cash, didn't, Mark Peter Davis, Davis, We're, Tripp Shriner, Robert Ruark, Ruark, B2C, VCs, Shriner, — crowdedness, Stephanie Choo, Marcos Fernandez, KPMG's Ruark, Fintech, Fernandez Organizations: Interplay, Investors, Point72 Ventures, KPMG, Tiger, Portage Ventures, Fiat Ventures Locations: dealmaking, VCs, overvaluations

☆ Jeff Bezos and Lauren Sanchez's superyacht engagement party reportedly included business titans and celebs, from Bill Gates and his girlfriend to Leonardo DiCaprio
▼ + stars: | 2023-08-07 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

Some big names attended, including Bill Gates, Bumble CEO Whitney Wolfe Herd, and Kris Jenner. The party took place on Bezos' $500 million yacht, which first set sail in February. Jeff Bezos and Lauren Sanchez celebrated their engagement last week — and their party aboard the Amazon cofounder's $500 million superyacht attracted some big names. Attendees included Kris Jenner, Bumble CEO Whitney Wolfe Herd, and fashion designer Sarah Staudinger, according to photos on Sanchez's Instagram. Bezos and Sanchez have been spending lots of time on their $500 million yacht, which first hit the seas in February.

Persons: Jeff Bezos, Lauren Sanchez, Bill Gates, Bumble, Whitney Wolfe Herd, Kris Jenner, Sarah Staudinger, Instagram, Paula Hurd, Page, Wendi Murdoch, Rupert Murdoch's, Ari Emanuel, Staudinger, Andrew Garfield, Tobey Maguire, Rania Al Abdullah, Queen of Jordan, Leonardo DiCaprio, Bezos, DiCaprio, Sanchez, Mackenzie Scott Organizations: Morning, Black Ops Aviation, Good Locations: Positano, Italy

☆ Meet Reed Jobs, the Apple cofounder's son who just launched a VC fund to invest in cancer treatments
▼ + stars: | 2023-08-01 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Reed Jobs, the son of Steve Jobs, launched Yosemite, a VC firm that will invest in cancer treatments. Reed Jobs, Steve Jobs's oldest son, is striking out on his own. Jobs, one of three children of the Apple cofounder and philanthropist Laurene Powell Jobs, is launching Yosemite, a venture capital firm that will invest in new cancer treatments, according to a press release. The 31-year-old was inspired by his father to start the fund after Steve Jobs died from complications of pancreatic cancer in 2011, he told The New York Times. Jobs's latest business venture will build on his previous work as a managing director at the Emerson Collective, the mission-driven corporation founded by his mother.

Persons: Reed Jobs, Steve Jobs, Jobs, mother's Emerson, Steve Jobs's, Laurene Powell Jobs, John Doerr, Emerson, —, Walter Isaacson, Yosemite Organizations: VC, Apple, New York Times, Memorial Sloan Kettering Cancer Center, The Rockefeller University, Times, Emerson, Emerson Collective's, Stanford Locations: Yosemite, Hawaii

☆ Facebook cofounder slams Elon Musk, calling Tesla and SpaceX 'scams he got away with'
▼ + stars: | 2023-07-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +6 min

Dustin Moskovitz said Elon Musk's successful companies could be seen as "scams he got away with." The Facebook cofounder said Musk sucked up resources from others by overpromising with Tesla. Moskovitz pointed to Musk's promises on autonomous cars, and a report that he exaggerated Tesla ranges. Apparently Mark Zuckerberg isn't the only Facebook founder that's wary of Elon Musk. Spokespeople for Tesla, SpaceX, and Musk also did not respond to a request for comment ahead of publication.

Persons: Dustin Moskovitz, Elon Musk's, Musk, Mark Zuckerberg, that's, Elon Musk, Moskovitz, he's, overpromising, Tesla, Bruce Bennett, —, Elon, BYD, Nikola wasn't, Rivian wasn't, he'll Organizations: Facebook, SpaceX, EV, Reuters, Ford, General Motors, Toyota, Nikola, Elon, Tesla

☆ I'm surprised by Meta's complete turnaround, says Big Technology's Alex Kantrowitz
▼ + stars: | 2023-07-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm surprised by Meta's complete turnaround, says Big Technology's Alex KantrowitzAlex Kantrowitz, Big Technology founder, joins 'Closing Bell' to discuss the founder's thoughts on Meta's earnings results, Meta's ability to turn the story around, and if Threads is a real competitor to Twitter.

Persons: Meta's, Big, Alex Kantrowitz Alex Kantrowitz Organizations: Big Technology, Twitter

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