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U.S. Vice President Kamala Harris speaks at a campaign rally at the Georgia State Convocation Center in Atlanta on July 30, 2024. More than 100 VCs on Wednesday pledged their support to Vice President Kamala Harris, the de facto Democratic nominee, as she ramps up her campaign to take on Trump in the November election. The group, calling itself VCs for Kamala, is made up of investors and entrepreneurs from a range of established and rising funds, and different demographic groups. "We spend our days looking for, investing in and supporting entrepreneurs who are building the future," the group said in its pledge. The VCs for Kamala list highlights a deepening political divide in Silicon Valley and the broader tech industry.
Persons: Kamala Harris, Donald Trump, Kamala, Vinod Khosla, Reid Hoffman, Mark Cuban, Aileen Lee, Rebecca Kaden, Elon Musk, VCs Marc Andreessen, Ben Horowitz, Trump, Musk, Shaun Maguire, 8VC's Joe Lonsdale, Musk's, David Sacks, Hoffman, Greylock, Harris, Erika Lucas Organizations: Republican, Democratic, Trump, Khosla Ventures, LinkedIn, Dallas Mavericks, Cowboy Ventures, Union Square Ventures, America PAC, Sequoia, Craft Ventures, Republican National Convention, Musk, Convention Locations: Georgia, Atlanta, Silicon Valley, Chicago
But despite SVB Private's elite clientele, the holiday gift guide isn't intended to make headlines for boasting extravagant items like the Neiman Marcus luxury wish list. Instead, the list highlights SVB clients, which is organized by vendor rather than category and includes quotes from each founder. SVB Private's gift guide includes Flanagan Wines, owned by client Eric Flanagan, pictured with his wife, Kit. During the pandemic, Gregory's 400-plus winery clients were struggling with restaurants closed and wine tastings off-limits. Flanagan has sold wine through SVB's monthly specials and appreciated getting brand awareness with SVB's rich tech clients.
Persons: SVB, Marcus, Eric Flanagan, Flanagan, They're, Greg Gregory, SVB's, Gregory, Jes Wolfe, Rebel, Jeanette Epps, Aileen Lee, Milo, Peter Celinski, Celinski, They've, I'd, I've Organizations: Bank, SVB, Business, First Citizens Bank, Silicon Valley Bank, Valley Bank Locations: Tahoe, Silicon, That's, Milo
Everyone seems to agree that artificial intelligence is going to upend Wall Street. Insider's Paige Hagy and Bianca Chan have a fascinating story on how AI talent doesn't seem to be sticking around at big banks. What's even more foreboding is that AI talent isn't leaving for other banks. But struggling to hold on to AI talent seems especially concerning when one considers what's at stake — like, uh, humanity — and the speed at which it'll happen. Here are the three reasons banks can't seem to hold on to AI talent.
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