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Top related persons:
— - 1 VCs - 1 Susan Lyne - 1 Nisha Dua - 1 Lyne - 1 Dua - 1 Nordstrom - 1 clamoring - 1
Top related locs:
York U.S Spring Nara Dua Lyne
Top related orgs:
BBG Ventures - 1 California Endowment - 1 Mizuho - 1 Service - 1 AOL - 1 Founders - 1 Spring Health - 1 Verizon - 1

Search resuls for: "California Endowment"


3 mentions found


☆ BBG Ventures raises $60 million for its latest fund and moves beyond just backing female founders
  + stars: | 2024-10-30 | by ( Leena Rao | ) www.businessinsider.com   time to read: +4 min
New York-based BBG Ventures has raised a new $60 million fund. The latest fund will invest in both female founders and those with diverse backgrounds. Ten years later, the seed stage fund has raised a new $60 million fund and is moving beyond just backing female founders to any entrepreneur from a diverse background. AdvertisementWhen Verizon bought AOL in 2015, BBG Ventures separated and raised a new $50 million fund. Related storiesDua explained that the decision to move beyond exclusively backing just female founders reflects the duo's shift in thesis around innovation.
Persons: —, VCs, Susan Lyne, Nisha Dua, Lyne, Dua, Nordstrom, clamoring Organizations: BBG Ventures, California Endowment, Mizuho, Service, AOL, Founders, Spring Health, Verizon, State of Michigan Retirement Services, Illumen, Investments, Fairview Capital, Bank of America Locations: York, U.S, Spring, Nara, Dua, Lyne
☆ 'PayPal Mafia' member says Google and Meta intentionally overhired engineers to prevent them from working at other companies.
  + stars: | 2023-03-09 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
"PayPal Mafia" member says Google and Meta "do fake work." The companies over-hired thousands of employees to fulfill a "vanity metric," said investor Keith Rabois. He's part of the infamous PayPal cohort (pictured above — he's number nine) that went on to play influential roles at other major tech companies. Rabois estimates that Facebook parent company Meta and Google each have thousands of employees who don't do much. He even suspects that Google intentionally overhired engineers to prevent them from working at other companies.
☆ Half of Sequoia Capital's VC funds since 2018 have posted losses for the University of California's endowment
  + stars: | 2023-03-08 | by ( Ben Bergman | Darius Rafieyan | ) www.businessinsider.com   time to read: +6 min
The University of California endowment has invested over $800 million in Sequoia funds since 2018. The returns show ten Sequoia funds across all stages and geographies are now underwater for the investor. The University of California's massive $28 billion endowment, a limited partner in 20 Sequoia Capital funds since 2018, is underwater on half those investments, according to documents obtained by Insider. Meanwhile ten of the Sequoia funds that UC Investments has invested in have been marked down in value on paper. One of UC Investment's largest commitments to Sequoia is $232 million earmarked for the 2022 Sequoia Capital Fund.
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