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☆ This startup ditched plans to go public and sold to a private equity firm for $3 billion. Here's the pitch deck it used.
▼ + stars: | 2024-09-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

European private equity firm Hg expressed interest in buying a majority stake in the enterprise software company. For startups, private equity represents a deep-pocketed buyer willing to move quickly, pay a premium, and potentially help the business by tapping into complementary companies in their portfolio. AuditBoard is the kind of startup that private equity goes gaga over. Bidding warArnold then delivered the pitch deck that he had shown to public market investors just weeks before. Here's the 19-slide pitch deck that AuditBoard used to court a $3 billion buyout from private equity.

Persons: —, Scott Arnold, Morgan Stanley, Arnold, AuditBoard, Corporates, Daniel Kim, Jay Lee, It's, Fortune, Alex Johnson, Johnson, Morgan Stanley's, Roxanne Oulman's, Nic, Humphries — Hg's, Goldman Sachs, Humphries, he's Organizations: Service, Business, Battery Ventures, Tiger Global, Morgan Locations: Silicon Valley, San Francisco, Shutterfly, Paris

☆ The US naval presence around the Middle East is getting a firepower boost. Here are the warships already there and what's on the way.
▼ + stars: | 2024-08-13 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

Facing this possibility, the Pentagon has deployed a number of military assets to the Middle East this month to defend Israel and US troops in the region. When these forces arrive on station, they will join a wide range of existing naval capabilities in the Middle East and Eastern Mediterranean that were already deployed in response to various conflicts and crises. AdvertisementAdditionally, two destroyers — USS Bulkeley and USS Roosevelt — have been in the area for several weeks. Warships in transitA MH-60S Sea Hawk helicopter flies next to the aircraft carrier USS Abraham Lincoln on August 2. The coming Lincoln strike group consists of the aircraft carrier USS Abraham Lincoln and the destroyers USS Spruance, USS Stockdale, USS Frank E. Petersen, and USS O'Kane.

Persons: —, Israel —, Defense Lloyd Austin, Sydney Milligan, Bulkeley, Roosevelt —, Laboon, Cole, Aden —, Theodore Roosevelt, Theodore Roosevelt Carrier, Dwight D, Michael Murphy, John S, McCain, Daniel Inouye, Russell —, Abraham Lincoln, Daniel Kimmelman, Roosevelt, USS Stockdale, Frank E, Petersen, USS O'Kane, Austin, Pat Ryder Organizations: Service, US Navy, Business, Pentagon, Defense, Sydney, Ready Group, US European Command, 24th Marine Expeditionary Unit, US Central Command, Oman Sailors, Hornet, Theodore Roosevelt Carrier Strike Group, Eisenhower Carrier Strike, Warships, Communication, US, Abraham Lincoln Carrier Strike Group, Lincoln, Pentagon Press, Air Force Locations: Israel, Iran, Tehran, East, American, Gibraltar, Lebanon, New York, Souda, Crete, Yemen, Red, Gulf, Aden, Oman, CENTCOM, Gulf of Oman, Beirut, Philippine, Georgia, The Ohio

☆ Dollar slips as Fed outlook shifts
▼ + stars: | 2023-03-23 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

That's a contrast to Europe where markets see another 50 bp or so to go, and the gap sent the euro surging. Dollar/yen fell 0.7% overnight and was edging lower in the Asian morning at 131.19. "From the foreign exchange perspective, we think that argues for further dollar weakness as the ceiling for the Fed cycle has clearly come down." The risk-sensitive Australian dollar recoiled sharply from a two-week high of $0.6759 to be back at $0.6707 on Thursday morning. The New Zealand dollar also gave up overnight gains, but was firm in morning trade at $0.6238.

While big banks have dominated headlines, the country's 4,258 community banks, which are more risk-averse, account for more than 90% of all chartered banks. Her comments marked a shift in emphasis to include community banks that were not mentioned in her earlier testimony. "The community banks in this country, we know, are strong and resilient. Yellen's shift to include community banks "was certainly better, it was an attempt for her to kind of restate what she was saying and acknowledging the importance of the community banks," Williams said. Community banks play an important political role.

☆ Despite stark gender inequality in South Korea, hostility to feminism is growing
▼ + stars: | 2022-12-04 | by ( Haeryun Kang | ) www.nbcnews.com time to read: +8 min

SEOUL, South Korea — Lee Yunju has poked her head in the feminism aisle of the library at her university in Daegu, South Korea. President of South Korea Yoon Suk Yeol. In South Korea, it’s the gender issue.”To some, the gender ministry is a symbol of what they see as the excesses of feminism. The gender ministry was founded in 2001 under the Kim Dae-jung administration, South Korea’s first left-leaning government. The gender ministry aims to protect the marginalized in our society.

☆ In a tech downturn, breakout stars of venture capital are going abroad to hunt for funding. Here's why.
▼ + stars: | 2022-11-14 | by ( Melia Russell | ) www.businessinsider.com time to read: +9 min

The flow of capital motivated more investors to split from established firms and raise their own funds, but it hasn't always been easy. For years they've gone abroad to raise capital from limited partners, mostly wealthy individuals and family offices. This isn't new territory for international investors. He continues to use his personal wealth to back startups and venture funds mostly stateside, including Sequoia Capital, Andreessen Horowitz, and Brianne Kimmel's Worklife Ventures. Even those with ties to international investors may struggle to raise funds as fears of a global recession escalate.

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