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Fox won this year’s Elevate Prize Catalyst Award, which the “Back to the Future” star plans to use to further his foundation’s work to find treatments for Parkinson’s disease. The annual prize, which went to Nobel Peace Prize winner Malala Yousafzai last year, includes $250,000 from the Elevate Prize Foundation and support to amplify the winner’s messaging. “He is a brave, good man.”Joseph Deitch, founder of The Elevate Prize Foundation, called Fox “a lightning rod for good,” as he presented him with the award. “He is an icon,” Elevate Prize Foundation CEO Carolina García Jayaram told The Associated Press in an interview. Fox Foundation, said the award comes at an important time for the nonprofit.

Persons: Michael J, Fox, Malala Yousafzai, Hillary Clinton, Michael hadn’t, ” Fox, “, Bill Clinton, ”, ” Joseph Deitch, Carolina García Jayaram, ” Garcia Jayaram, ” Deborah Brooks, ” Brooks, Brooks, it’s Organizations: Clinton Global Initiative, Fox, Associated Press, Fox Foundation, Lilly Endowment Inc, AP Locations: New York

☆ Baseball’s ‘Woke Hillbilly’ Had More Songs to Write
▼ + stars: | 2023-09-14 | by ( Scott Miller | ) www.nytimes.com time to read: +1 min

Night had fallen, spirits were moving and the songwriting baseball coach was rounding third base and headed for home. Twice in the autumn of 2020, doctors had advised a gravely ill Tim Flannery to say goodbye to his family. The right arm that sent home so many San Francisco base runners during the Giants’ three World Series titles from 2010 to 2014 waved away a final coda. The road back from the brink was as unlikely as the man himself. An infielder turned popular coach, Flannery was always something more.

Persons: Tim Flannery, Flannery, — Organizations: Giants, Major League Baseball Locations: San Francisco

☆ Craigslist founder Craig Newmark is pouring millions of dollars into combating AI's dark side
▼ + stars: | 2023-09-14 | by ( Jonathan Vanian | ) www.cnbc.com time to read: +10 min

Since the 2015 debut of Craig Newmark Philanthropies, the entrepreneur has donated many millions of dollars to various causes involving media and technology. Newmark, 70, spoke to CNBC as he was recovering from a minor heart procedure he went through in late August. At the same time, he's worried that tech companies, particularly in social media, "aren't even trying anymore to get rid of stuff they know is dishonest," he said. "Protecting kids when it comes to AI is a big issue," Newmark said, regarding his donation to Common Sense Media. Within journalism, Newmark's most high-profile endeavor is the City University of New York's Craig Newmark Graduate School in Journalism.

Persons: Craig Newmark, Everard Craig Newmark, Craig Newmark Philanthropies, Newmark, he's, aren't, I've, Rather, Jim Jordan, I'm, City University of New York's Craig, Julia Angwin, she'd, Sue Gardner, algorithmically, Thilina, doesn't, " Newmark, that's Organizations: Craigslist, LinkedIn, Facebook, Sense Media, CNBC, Tech, Meta, Twitter, Sense, Knight Foundation, Ford Foundation, City University of New, City University of New York's Craig Newmark Graduate School, Journalism, CUNY, Nurphoto Locations: San Francisco, New York, Ohio

☆ Success Academy CEO: Resource allocation is one of the important jobs I do
▼ + stars: | 2023-09-14 | 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 EmailSuccess Academy CEO: Resource allocation is one of the important jobs I doKen Griffin, Citadel founder, and Eva Moskowitz, Success Academy CEO and founder, join 'Squawk on the Street' to discuss philanthropy in education.

Persons: Ken Griffin, Eva Moskowitz Organizations: Success, Citadel

NEW YORK (AP) — The HBCU Transformation Project, a coalition of 40 historically Black colleges and universities, on Wednesday announced a $124 million gift from philanthropic funders Blue Meridian Partners to increase enrollment, graduation rates and employment rates for the schools' graduates. “This very significantly scaled grant from them signals to the philanthropic community that this is a really good investment to make,” he said of the Blue Meridian gift. The donation will expand the work of the project, which has already received $75 million from Blue Meridian Partners since 2020. Blue Meridian Partners also provided funds to those organizations to improve their capacity to support the schools. HBCUs have received significantly less support from philanthropic foundations than predominantly white schools.

Persons: Michael Lomax, ”, Lomax, HBCUs, George Floyd Organizations: Wednesday, Blue Meridian Partners, Blue Meridian, Thurgood Marshall College Fund, for Education Advancement, Department of Education, Ivy League, HBCUs, Associated, Lilly Endowment Inc, AP Locations: UNCF, Black

NEW YORK (AP) — The National 4-H Council is growing in a new direction – online – by launching its e-learning platform Clover with a collaboration with Netflix and its new movie “Spy Kids: Armageddon,” the organization announced Wednesday. The innovation, Bramble says, comes in the way the Clover platform engages with the students by using gamification and entertainment, which led to the collaboration with Netflix. “When you think of the intent behind ‘Spy Kids,’ those kids are tackling some of the world’s most pressing issues and they’re doing this through coding and gamification. “We feel that Clover can support a way to catch up, but it can’t do it alone. It’s so valuable to have an in-person program that goes along with it -- the mentoring aspect that comes with 4-H.

Persons: Jill Bramble, ” Bramble, ”, Bramble, Bob Hughes, Melinda Gates Foundation’s, ” Hughes, “, Clover Organizations: Netflix, H, Associated Press, Melinda Gates Foundation’s United States Program, Lilly Endowment Inc, AP Locations: Manhattan , New York, Manhattan , Kansas

It’s a scary day for moms, right?” French Gates said. Tragically, those solutions aren’t reaching families in the communities where mothers and kids need them most,” said Bill Gates and French Gates in the report’s introduction. Gates and French Gates also noted the increasing rates of maternal deaths in the U.S. and United Kingdom and the racial disparities in those deaths. French Gates spoke with outrage about the harrowing experience tennis star Serena Williams described after giving birth to her first daughter and suffering multiple complications, which endangered her life. It was almost like a slap in the face,” said French Gates.

Persons: — Melinda French Gates, Gates, Melinda Gates, Jennifer, Leila — Jennifer's, —, “, Rasa Izadnegahdar, ”, “ It’s, Bill Gates, French Gates, Mark Suzman, recommit, Suzman, Tom Kenyon, they’re, Izadnegahdar, there’s, ’ ”, Black, Serena Williams, Tori Bowie, aren’t, we’ve Organizations: Melinda Gates Foundation, Associated Press, Sustainable, United Nations, Child Health, World Health Organization, General Assembly, Gates Foundation, American Medical Association, Lilly Endowment Inc, AP Locations: U.S, French, Ukraine, Saharan Africa, South Asia, United Kingdom

☆ Bill Gates thought Elon Musk became 'super mean' after finding out Gates shorted Tesla stock
▼ + stars: | 2023-09-11 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +4 min

Musk shot down Gates' attempts to talk about giving to charity after Gates shorted Tesla stock. "He was super mean to me, but he's super mean to so many people, so you can't take it too personally," Gates said about Musk. Speaking about this incident to Isaacson, Gates told the writer he even apologized to Musk. "Once he heard I'd shorted the stock, he was super mean to me, but he's super mean to so many people, so you can't take it too personally," Gates told Isaacson. AdvertisementAdvertisementIn 2022 alone, Gates contributed $5 billion to the Bill and Melinda Gates Foundation, which was the largest single donation that year.

Persons: Gates, Walter Isaacson's, Elon, Bill Gates, Musk's Tesla, Walter Isaacson, Isaacson, Elon Musk, Musk, Tesla, I'd, —, Melinda Gates, Michael Bloomberg Organizations: CNBC, Service, Tesla, TED, Twitter, Melinda Gates Foundation Locations: Wall, Silicon, Gates

☆ The origin of Elon Musk’s feud with Bill Gates, according to Musk’s new biography
▼ + stars: | 2023-09-11 | by ( Paul Glader | ) edition.cnn.com time to read: +4 min

The meeting went sideways, according to Walter Isaacson’s new biography, “Elon Musk,” which hits stores Tuesday. “Hey, I’d love to come see you and talk about philanthropy and climate,” Gates texted Musk in 2022, Isaacson wrote. “Most philanthropy was “bulls—,” Musk told Gates, estimating only 20 cents of each dollar made a difference that way. Gates could “do more good for climate change by investing in Tesla,” Musk said, according to Isaacson. When Gates sent documentation about his philanthropic work and followed up with a text to Musk, Musk asked if he was still holding a short bet against Tesla.

Persons: Bill Gates, Elon Musk, Walter Isaacson’s, “ Elon Musk, Musk, Gates, “, Isaacson, Isaacson —, ” Gates, ” Musk, Melinda, Melinda Gates, Warren Buffett, Mark Zuckerberg, Michael Bloomberg, texted Isaacson Organizations: CNN, Elon, Microsoft, Melinda Gates Foundation, Tesla Locations: Austin , Texas, Washington , DC

☆ Bill Gates and Elon Musk: An excerpt from Walter Isaacson's new biography of Musk
▼ + stars: | 2023-09-10 | by ( Walter Isaacson | ) www.cnbc.com time to read: +7 min

The following is adapted from Walter Isaacson's biography "Elon Musk," publishing Sept. 12. "Hey, I'd love to come see you and talk about philanthropy and climate," Bill Gates said to Elon Musk when they happened to be at the same meeting in early 2022. In the rarefied fraternity of people who have held the title of richest person on Earth, Musk and Gates have some similarities. Gates had shorted Tesla stock, placing a big bet that it would go down in value. "How can someone say they are passionate about fighting climate change and then do something that reduced the overall investment in the company doing the most?"

Persons: Walter Isaacson's, Elon Musk, Bill Gates, Gates, They'd, Rory, schedulers, Musk, Omead Afshar, they'll, I'd, shorting Tesla, Claire Boucher, Grimes, Tesla, Walter Isaacson, Jennifer Doudna, Leonardo da Vinci, Steve Jobs, Albert Einstein, Benjamin Franklin, Henry Kissinger Organizations: SpaceX, Tesla, Washington , D.C, Twitter, CNBC, Tulane University, CNN Locations: Austin, Washington ,

☆ Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and the presidency. Here are the 3 messages, from Cooperman's new memoir
▼ + stars: | 2023-09-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +5 min

Warren Buffett wrote to Leon Cooperman about stock buybacks, taxing the rich, and Henry Singleton. When Cooperman was mulling a presidential run, Buffett joked he could "deliver Nebraska" for him. Cooperman shared a trio of messages he received from Buffett in his newly published memoir. Buffett wrote him a note after reading the letter, which Cooperman still keeps framed in his office:Dear Lee,I always enjoy both the quality of your writing and the quality of your thinking. Buffett wrote to Cooperman after his speech to express his agreement:AdvertisementAdvertisementHenry was a manager that all investors, CEOs, would be CEOs, and MBA students should study.

Persons: Warren Buffett, Leon Cooperman, Henry Singleton, Cooperman, Buffett, Goldman Sachs, trumpeted, Dear Lee, Warren, Singleton, Henry, Lee, you've Organizations: Service, Teledyne, Cooperman, Wall, Finance, Philanthropy, Omega Advisors, Business, Loews, Berkshire Locations: Nebraska, Wall, Silicon, Bronx, Iraq, Afghanistan

And at the age of 68, I’m very fortunate in that I can do sort of one-off appearances now and then. It’s arduous.”Instead, Lennox plans on performing at more events like “ Time for Change,” a fundraiser for numerous nonprofits, including Rotary International’s End Polio Now initiative. Lennox will perform on the floor of the Colosseum on Sunday, accompanied only by a piano, as part of the benefit. Political Cartoons View All 1148 Images“We are surrounded by beauty, by art and by history,” Cecchini said of Italy. And, of course, if you can have an event with an artist performing, the potential is that it gets a higher profile.

Persons: — Annie Lennox, Dave Stewart, Lennox “ won’t, “ I’m, ” Lennox, I’m, Lennox, ”, Alberto Cecchini, ” Cecchini, Italy, ” Jennifer Jones, “, Jones, Bill Gates, I’ve Organizations: Hall of Fame, Associated Press, Rotary, Rotary International, Initiative, AP, Relief, Associated, Lilly Endowment Inc Locations: Italy

“This is hugely important, both practically and symbolically,” said Tim Franklin, director of the Local News Initiative at Northwestern University's Medill journalism school. The Carnegie Corp., the Democracy Fund, the Ford Foundation, the Robert Wood Johnson Foundation and MacArthur are among a group of 20 initial funders. Philanthropies that recognize the need to strengthen democracy are beginning to see that progress on many different issues depends on the public's understanding of facts, said John Palfrey, MacArthur Foundation president. He said he expected other funding will be added in the coming months to boost the commitment beyond $500 million. Struggling local news sources have also attracted the attention of state governments, where things like tax breaks for advertisers or subscribers are being discussed, he said.

Persons: ”, Tim Franklin, Robert Wood Johnson, John Palfrey, Franklin, there's, “, Alberto Ibarguen, John S, James L, Ibarguen, wasn’t, ” Ibarguen, he's, Tom Rosenstiel Organizations: MacArthur Foundation, Foundation, Press, Local, Initiative, Northwestern University's Medill, Carnegie Corp, Democracy Fund, Ford Foundation, Robert Wood Johnson Foundation, MacArthur, Associated Press, Knight Foundation, Texas Tribune, Shawnee Mission, University of Maryland Locations: United States, Northwestern, Shawnee, Kansas, Richland, Ohio, Chicago, Dallas , Texas, Pennsylvania, Minneapolis, Boston, Dallas, Seattle, Philadelphia

A view of the United Nations Climate Change Conference flags at the venue, in Bonn, Germany, June 6, 2023. "What we want to see, all of us, is a real sense of urgency about reducing CO2 emissions," Roche Vice-Chair Andre Hoffmann said. We need to show action, and I'm not sure that what I've read so far of the COP28 will be strong enough for that." Despite rapidly falling prices for renewable energy, Roche's (ROG.S) Hoffmann said much faster action was needed. "If the change is going to be that big then financial institutions, business people will reshape and they'll say my goodness there's going to be new technological institutions, there's going to be new factories, there's going to be a new economy.

Persons: Jana Rodenbusch, Hoffmann, November's, Roche, Andre Hoffmann, I'm, Eelco van der Enden, Elvis Presley, it's, Celine Herweijer, we've, Herweijer, It's, Andrew Steer, Steer, Richa Naidu, Gloria Dickie, Clara Denina, Iain Withers, Helen Reid, Alexander Smith Organizations: United Nations, REUTERS, Reuters IMPACT, Global, HSBC, Reuters, Fund, Thomson Locations: Bonn, Germany, Asia, Dubai, American, Paris

Open Society Foundations said Tuesday that it will spin off its support for Europe's Roma communities into a new foundation and pledged €100 million, around $107 million, for that work. The Roma Foundation for Europe, which will be independent of OSF, launches in January and will be based in Brussels, said the foundations. Under Alex Soros' leadership, the foundations announced in July that it would significantly retool its structure and layoff 40% of its staff globally. “We will also keep up — and dramatically increase — our efforts to secure equal treatment for Europe’s largest ethnic minority, the 12 million Roma (who mostly live in Eastern Europe),” Alex Soros wrote. OSF will not have representatives on the board of the Roma Foundation for Europe, said Jovanovic, adding that the decision to start the foundation was made last year, independently of the restructuring.

Persons: Zeljko Jovanovic, ” Jovanovic, Alex Soros, George Soros, Soros, ” Alex Soros, Jovanovic, Alex Organizations: Roma, Roma Foundation for Europe, OSF, OSF's, Office, Associated Press, European Union, European Commission, AP, “ POLITICO, Central European University, Roma Foundation for, European Roma Institute for Arts and Culture, Roma Entrepreneurship Development, Democracy, Roma Education Fund, Associated, Lilly Endowment Inc Locations: Brussels, Roma, Europe, Berlin, “, Ukraine, Moldova, Western Balkans, Eastern Europe, Roma Foundation for Europe

NEW YORK (AP) — It’s a transaction that would be commonplace for a corporation or a sports team, but it’s the kind of deal that is practically unheard of in the nonprofit sector. The philanthropy research organization Candid will send control of its CF Insights website and the staff that gathered information about community foundations to the Council on Foundations, the association of nearly 900 nonprofit members, on Friday. It helps them make better decisions.”Chang said CF Insights can help community foundations see how its peers handled expansion or compensation. And that information pairs well with the Council on Foundations annual surveys on compensation and benefits among community foundations. That doesn’t happen in the nonprofit sector.

Persons: —, Ann Mei Chang, ” Chang, “, Kathleen Enright, ” Enright, Chang, Enright Organizations: Foundations, ”, Hawaii Community Foundation, don’t, Candid, The Aspen Institute, Urban Institute, Internal Revenue Service, Lilly Endowment Inc, AP Locations: Hawaii, Maui

☆ Through Philanthropy and Activism, Bob Barker Fought Animal Cruelty
▼ + stars: | 2023-08-26 | by ( Chris Cameron | More About Chris Cameron | ) www.nytimes.com time to read: +1 min

Bob Barker, the longtime host of the television game show “The Price Is Right” who died on Saturday, made animal rights advocacy a hallmark both of his career in show business and his life after retirement. He continued that tradition for more than 20 years, until his very last show on June 15, 2007. “There are just too many cats and dogs being born,” he explained in an interview with The New York Times in 2004. “Animals are being euthanized by the millions simply because there are not enough homes for them. In the United States, there is a dog or cat euthanized every 6.5 seconds.”

Persons: Bob Barker, ”, Barker Organizations: The New York Times, “ Locations: ”, United States

☆ Bill Gates thought school wasn't 'interesting' as a child—until a conversation with his 8th grade teacher
▼ + stars: | 2023-08-20 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Even Bill Gates thought school was boring as a kid. While in middle school, Gates didn't find learning "interesting," he recently said on his "Unconfuse Me" podcast, in an episode featuring Khan Academy CEO Sal Khan. But the teacher spotted potential, and took the opportunity to encourage Gates to put some effort into his education. Gates went on to develop his mathematics and coding skills in high school, before dropping out of Harvard University to co-found Microsoft in 1975. "I do think the AI will be like a great high school teacher who really marks your essay, and you go back and think, 'OK, I need to step up there,'" Gates said.

Persons: Bill Gates, Gates, Sal Khan, we're, tiredness, Michael Roberto, Roberto, Warren Buffett Organizations: Khan, Bryant University, Harvard Business School, Harvard University, Microsoft Locations: Yale, U.S

☆ Taylor Swift is a hero to food banks from coast to coast
▼ + stars: | 2023-08-13 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

From Georgia to Michigan to Texas to California and in between, food banks have benefited. “Taylor Swift’s donation certainly helped at a time when we’re seeing the need climb and climb and climb,” Shoemaker told CNN. Food banks around the country are contending with increased demand, higher costs and tighter supplies of donated food. Many food banks say need has increased in 2023, driven in part by the end of a pandemic enhancement to food stamps nationwide earlier this year. A flurry of other contributions followed over the next week, jumping 43% from the same period a year earlier, said Shobana Gubbi, the food bank’s chief philanthropy officer.

Persons: Taylor Swift, Terri Shoemaker, “ Taylor, ” Shoemaker, Swift, Mark Coleman, Coleman, Shobana Gubbi, Swift’s largesse, ”, Beth Martino Organizations: New, New York CNN, Arizona Food Bank Network, CNN, Lifeline, Food Bank Locations: New York, Georgia, Michigan, Texas, California, Arizona, Seattle, United States, Valley, Santa Clara , California, Las Vegas, Nevada

☆ Mark Zuckerberg and Priscilla Chan told leaders of its charity to 'clarify' their work. The result was layoffs, a plan to invest in AI, and a tacit admission their big education project failed.
▼ + stars: | 2023-08-12 | by ( Kali Hays | ) www.businessinsider.com time to read: +6 min

The organization will no longer be granting money toward educational policy, a big part of CZI's work since its founding, the emails said. As part of its "refreshed strategy," CZI said it is "transitioning" how it supports Summit Learning. The new strategy, laid out to CZI's roughly 500 employees, is to find new education products. Politics was one of its founding areas of work, alongside education and the eradication of all disease. "I give it two more years," one of the people familiar said of CZI's current education work.

Persons: Zuckerberg, Chan, Mark Zuckerberg, Priscilla Chan, Chan Zuckerberg, CZI, Sandra Liu Huang Organizations: Chan Zuckerberg Initiative, Meta, Facebook, Summit, Summit Public Schools, National Education Policy Center, University of Colorado Locations: CZI, California, Washington, Boulder

☆ Richard Hanania’s Racism Is Backed by Silicon Valley Billionaires - The New York Times
▼ + stars: | 2023-08-12 | by ( Jamelle Bouie | ) www.nytimes.com time to read: +3 min

And it served its intended purpose: to naturalize inequality of status and resources in an era defined by its yawning gaps between haves and have-nots. I mention all of this as context for Richard Hanania, a rising star among conservative writers and intellectuals. For years before appearing in the pages of newspapers and publications like this one, Hanania wrote articles for white supremacist publications under a pseudonym. “The reason I’m the target of a cancellation effort is because left-wing journalists dislike anyone acknowledging statistical differences between races,” he recently wrote. But his supposedly transgressive views are little more than the warmed-over dogmas of the long-dead ideologues who believed in the scientific truth of race hierarchy.

Persons: “, ”, Nell Irvin Painter, Brigham, Adam Cohen, Carrie Buck, John D, Rockefeller, Edwin Black, ” eugenicists, Richard Hanania, Hanania, Christopher Mathias, ” Hanania, ideologues Organizations: White People, Poland, Northwestern, American Eugenics, Rockefeller Jr, The Huffington, Blacks, New, ” Locations: Russia, Italy, “, New York City

☆ Mark Zuckerberg and Priscilla Chan's charity organization is making a major change in strategy after laying off 48 people. Read the leaked emails.
▼ + stars: | 2023-08-10 | by ( Kali Hays | ) www.businessinsider.com time to read: +9 min

The Chan Zuckerberg Initiative conducted layoffs this week, in a major blow to its education team. However, the cuts were entirely focused on employees in tech and grantmaking in CZI's education department, a core pillar of the organization's since its founding. As part of the changes, two leaders in CZI's education work are leaving their roles. While today's announcement most directly impacts our Education teammates, I know we are all affected regardless of where we sit in the organization. I am grateful for all of our Education teammates, past and present, whose contributions made our accomplishments to-date possible and carved our path forward.

Persons: Chan Zuckerberg, Priscilla Chan, Mark Zuckerberg, Zuckerberg, Chan, Brooke Stafford, CZI's, Dakarai Aarons, Sandra Liu Huang, Huang, CZI, Slack, Brizard, Brooke, Dakarai, Sandra, Priscilla Organizations: Chan Zuckerberg Initiative, Meta, CZI, Facebook, Education Policy Center, University of Colorado, Education, People Team Locations: Meta, Boulder

MrBeast sued his burger brand for making "terrible quality" food, and this week they fired back. At 24 years old, Jimmy Donaldson, also known as MrBeast, is one of the most-viewed and highest-paid creators on YouTube. He's also an entrepreneur who launched virtual restaurant brand MrBeast Burger in 2020 and a supposedly better-for-you chocolate business called Feastables in 2022. Last week, though, Donaldson sued Virtual Dining Concepts, the restaurant firm behind his burger brand by accusing it of making "terrible quality" burgers. This week, VDC fired back against MrBeast with a "breach of contract" suit.

Persons: MrBeast, Jimmy Donaldson, he's, Donaldson, giveaways, He's Organizations: YouTube, Burger, Dining, MrBeast

☆ Goldman Sachs' Rogers to step back from chief of staff role-memo
▼ + stars: | 2023-08-08 | by ( Saeed Azhar | ) www.reuters.com time to read: +2 min

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew KellyNEW YORK, Aug 8 (Reuters) - John Rogers, an influential Goldman Sachs (GS.N) executive, will step back from his role as chief of staff next month, according to an internal memo. He will be succeeded by Russell Horwitz, a Goldman veteran who will rejoin the bank after working at Citadel, according to the memo. Goldman Sachs profit dropped 60% in the second quarter, missing estimates, as writedowns in the investment bank's consumer businesses and real estate investments weighed on earnings. Horwitz, who previously worked at Goldman for 16 years, will rejoin Goldman Sachs as a partner and a member of the management committee, reporting to Solomon, the memo said.

Persons: Goldman Sachs, Andrew Kelly NEW, John Rogers, Russell Horwitz, Rogers, Dodd, Frank, David Solomon, John, Goldman, Tom Montag, Horwitz, Solomon, Saeed Azhar, Conor Humphries Organizations: New York Stock Exchange, REUTERS, Andrew Kelly NEW YORK, Goldman, Citadel, Reuters, New York Times, Thomson Locations: New York City , New York, U.S

☆ The edtech startup funding slowdown may be hitting the 'bottom of the market'
▼ + stars: | 2023-08-08 | by ( Madeline Renbarger | ) www.businessinsider.com time to read: +4 min

Edtech venture capital funding in 2023 may be on pace for its lowest annual total since 2016. The one exception to this edtech funding dropoff is in AI tools for education and upskilling. This puts the estimated total funding for 2023 at only $3.5 billion, the lowest annual total since 2016, according to HolonIQ. Additionally, there has not been a single edtech "mega round," or a startup funding round valued at over $100 million since 2022, with the exception of the Indian edtech unicorn Byju's $250 million fundraise this spring. Pujji and Mushin also indicated that AI edtech deals were the exception in this slowdown period.

Persons: VCs, It's, Vinny Pujji, Iynna Halilou, Leeor Mushin, Avalanche's Katelyn Donnelly, Mushin, they've, Chegg's, Cheggmate, Khan, Pujji Organizations: Left Lane Capital, Global, Bloomberg, Investors

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