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The Los Angeles Lakers assigned Bronny James to the team’s G League South Bay Lakers squad on Thursday. Playing a very limited role with the team, Bronny tallied four points in 13 total minutes of playing time. The 20-year-old made history in the Lakers’ season opener against the Minnesota Timberwolves in October when he and LeBron became the first father-son duo to appear together in an NBA game. James’ reassignment does not necessarily mean that NBA fans have seen the last of the rookie playing alongside his father in the NBA this season. LeBron’s talked about that.”Los Angeles Lakers guard Bronny James scored the first points of his NBA career against the Cleveland Cavaliers on October 30.
Persons: LeBron James, Bronny James, Bronny, LeBron, James ’, Redick, ” Redick, Rob, LeBron’s, Ken Blaze, Reuters James, James Organizations: CNN, Los Angeles Lakers, G, South Bay Lakers, Lakers, Minnesota Timberwolves, NBA, G League, J.J, Associated Press, , Cleveland Cavaliers, USA, Sports, Reuters, USC Trojans, Trojans, Salt Lake City Stars, LeBron’s Lakers, Philadelphia 76ers Locations: Salt Lake, El Segundo , California
Insider Today: Blackstone's juggernaut
  + stars: | 2024-10-20 | by ( Matt Turner | ) www.businessinsider.com   time to read: +5 min
This post originally appeared in the Insider Today newsletter. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. The boom in private credit at Blackstone reflects a broader shift in how companies borrow.
Persons: , Drew Houston, Jeff Bezos, Jon Gray, Blackstone, Jeenah, Jonathan Gray, Banks, Marc Rowan, Jamie Dimon, it's, Jenny Chang, Rodriguez, Barack Obama, Donald Trump, Joe Biden, BI's Alice Tecotzky, Tyler Le, Momo Takahashi, Goldman Sachs, Morgan Stanley, It's, rainmaker Jett Lara, Augustus Doricko, Doricko, Alex Diaz, he's Organizations: Business, Service, Blackstone, Blackstone Group, Reuters, JPMorgan, BI, Democratic, Apple, Investment, Goldman, Bank of America, Citigroup Locations: New York City, U.S, BI Northampton, Pennsylvania, Easton, El Segundo , California
The gunman who shot a longtime Santa Monica College employee is dead following a pursuit that ended in a standoff in El Segundo, according to the Santa Monica Police Department. Police say 39-year-old Davon Durell Dean, a Santa Monica College employee, shot his coworker Monday night on campus. At about 3 p.m. Tuesday, the suspect’s car was located in El Segundo. As a result of the standoff, access to Aviation Boulevard between 124th Street and El Segundo Boulevard was closed. In wake of the on-campus shooting, Santa Monica College said counseling and mental/emotional support services would be provided to students and faculty who have been impacted.
Persons: Durell Dean, Dean Organizations: Santa Monica College, Santa Monica Police Department, Police, Aviation, El, Authorities Locations: El Segundo
For God, for country, for rain
  + stars: | 2024-10-14 | by ( Jessica Lucas | ) www.businessinsider.com   time to read: +24 min
It's 9:30 a.m., and Augustus Doricko, the mulleted 24-year-old founder of the cloud-seeding company Rainmaker, is clutching a coffee. There's a long way to go before cloud seeding becomes a viable option for solving one of humanity's many self-made crises. El Segundo, population 17,272, has long been a bastion of American engineering, home to aerospace and defense giants like Boeing and Raytheon. Jett Lara for BIThe burning happens every Friday around 8 p.m. at a bonfire on El Segundo Beach. One of Doricko's goals is to build a church in El Segundo to "share the grace of God with other people."
Persons: Augustus Doricko, Bruno Mars, Doricko, Jessica, I'd, Jesus, He'd, that's, Rainmaker, Lauren Sánchez, Jett Lara, Billy Ray Cyrus, God, Augustus Doricko Doricko's, Cameron Schiller, Augustus, Schiller, El, That's, it's, El Segundo, Elon Musk, Isaiah Taylor, Doricko's, Taylor, Rob Coutts, , Jesus of Nazareth, Zer, he'd, Jason Flynt, Flynt, Terra, Michael Gibson, Sarah Tessendorf's, messaged Gibson, Michael, Gibson, Thiel, Peter Thiel, I'm, Katja Friedrich, Friedrich, Friedrich isn't, Jonathan Jennings, Kaitlyn Suski, dumbbells, Jackson Schultz, Elijah, birdsong, Schultz, We're, coffees, Mankind Organizations: MGM, Association, Aspen Ideas, Global Initiative, BI, El, Boeing, Raytheon, Space Industries, Chevrolet, Stamford Yacht Club, New Zealand, University of California, BI Doricko, drillers, Terra Seco, Thiel Foundation, Terra, tech's, Weather Locations: Vegas, Tennessee, El Segundo, Los Angeles, America, Silicon, Santa Clarita, Rainmaker, Beijing, Colorado, California, Smoky, El Segundo Beach, North Carolina, Texas, Stamford , Connecticut, New, Costa, Berkeley, Christianity, Fort Worth , Texas, Terra Seco, drawdowns, Lake Mead, Las Vegas, Phoenix, Juul, Fresno, San Jose, Dubai, UAE, Midwest, West Texas, New Mexico , Arizona , Nevada, Amsterdam, Milan
In today's big story, the stock market has officially enjoyed a bull rally for over two years. The big storyBullish on the bull marketNoam Galai/Getty ImagesHappy belated birthday to the stock market's bull rally! Stock market experts who spoke with Business Insider's Matthew Fox don't see things slowing down anytime soon . In fact, the average bull market lasts longer than five years, so we might not even be halfway to the finish line. The actual stock market is healthier, too, as it's no longer reliant on the Magnificent Seven's performance.
Persons: , Noam Galai, Insider's Matthew Fox, Chelsea Jia Feng, we've, Alex Brandon, Jamie Dimon, Ken Griffin, he's, Republican megadonor hasn't, BlackRock, Jett Lara, Augustus Doricko, Doricko, Roblox, Natalie Ammari, Inflation's, Z's, It's Elliott Hill's, Hill, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, Nasdaq, Dow Jones, Stock, Insider's, JPMorgan, Republican, Citadel, Wall, Menlo Ventures, Nike, Columbus, District of Columbia Locations: Chelsea, Ukraine, El Segundo , California, a16z, New York, it's, Italian American, London
The company's prototype antenna "Frankie" during testing in North Dakota on Oct. 5, 2024. North Dakota testingSetting up the company's prototype antenna in the early hours of Oct. 2, 2024. Northwood SpaceLast week the Northwood team was out in remote Maddock, North Dakota, to test its prototype antenna — "fondly dubbed Frankie," Mendler notes — by connecting to a Planet satellite in orbit. We're proud to be a part of this breakthrough in ground station technology," Planet senior director of global ground networks Joseph Breu said in a statement to CNBC. Northwood Space
Persons: Griffin, Bridgit Mendler, Mendler, Northwood, Frankie, Joseph Breu Organizations: Software, Northwood, CNBC, Service, Northwood Space Locations: Northwood, Segundo , California, North Dakota, Maddock , North Dakota
Officially, the National Bureau of Economic Research defines a recession as "a significant decline in economic activity that is spread across the economy and lasts more than a few months." The last time that happened was early in 2020, when the economy came to an abrupt halt. Economists have wrestled with the growing disconnect between how the economy is doing and how people feel about their financial standing. We're in a 'vibecession'We're in a "vibecession," Joyce Chang, JPMorgan's chair of global research, said at the CNBC Financial Advisor Summit in May. "Everything looks great but when you look beneath the surface, the disparity between the wealthy and nonwealthy is widening dramatically."
Persons: Gene Goldman, Vishal Kapoor, Joyce Chang, JPMorgan's, that's, Chang, Goldman Organizations: Cetera Financial, National Bureau of Economic Research, CNBC, Summit Locations: El Segundo , California
The logo of US toy company Mattel is seen at the 72nd toy fair (Spielwarenmesse) in Nuremberg, southern Germany, on February 2, 2023. L Catterton, the private equity firm backed by luxury goods giant LVMH, has approached Mattel , the toy maker behind Barbie and Hot Wheels, with an acquisition offer, people familiar with the matter said on Monday. Hasbro also declined to comment, while L Catterton did not respond to a request for comment. Mattel shares jumped 20% to $19.49 following the Reuters report of the approach, giving the toy maker a market value of $6.5 billion. L Catterton, which has $34 billion in assets under management, has made more than 250 investments in consumer brands since its launch in 1989, according to its website.
Persons: Barbie, Catterton, El, Price, L, Bernard Arnault Organizations: Mattel, Hasbro, Capital, Fisher, American Girl, LVMH Locations: Nuremberg, Germany, El Segundo , California, American
Keys to the Pool, Not the Room
  + stars: | 2024-07-16 | by ( Elaine Glusac | ) www.nytimes.com   time to read: +1 min
When Cadie Carroll and two college friends planned a recent weekend reunion in Sedona, Ariz., they booked a vacation rental to have more space than a hotel room and to be able to cook, something they enjoyed doing together at the University of Texas. The only thing missing was a swimming pool. For that, they booked a day at L’Auberge de Sedona where, for $100 each, they gained access to the resort pool, complimentary valet parking, lunch and a sound-healing session, part of a roster of daily activities that passholders have access to. “It felt fancy, like we were getting the five-star treatment,” said Ms. Carroll, 31, a logistics consultant in El Segundo, Calif.Day passes to resorts can be a thrifty traveler’s splurge or a local’s daycation. While the concept isn’t new, it’s grown rapidly in the wake of the pandemic as hotels, still recovering from the tourism collapse, seek to monetize their underused spaces such as pools, spas and even meeting rooms.
Persons: Cadie Carroll, , Carroll Organizations: University of Texas Locations: Sedona, Ariz, L’Auberge, El Segundo, Calif
Singapore Airlines is no longer the best airline in the world as Qatar Airways now holds the top spot, according to air transport rating firm Skytrax. Singapore Airlines is now in second position on the ranking, Skytrax announced Monday, followed by Emirates in third place which is one spot higher than last year. A series of other awards were presented by Skytrax alongside the top airlines ranking, including regional breakdowns and awards for different types of flights. Overall winner Qatar Airways was also voted the world's best business class and the top airline in the Middle East, while second-placed Singapore Airlines topped the lists for the world's best cabin crew and best first class, as well as the best airline in Asia. Delta Air Lines topped the North America regional top ten, followed by Air Canada, United Airlines, Porter Airlines and Air Transat.
Persons: Tom Bradley, Skytrax, Scoot Organizations: Lufthansa Group, Emirates, Austrian Airlines, British Airways, Tom, Los Angeles International Airport, Singapore Airlines, Qatar Airways, U.S, Delta Air Lines, Malaysia's AirAsia, North America, Air Canada, United Airlines, Porter Airlines, Air Transat Locations: El Segundo , California, Asia, United, Canada, U.S
Boeing taps debt market to raise $10 billion: Reuters
  + stars: | 2024-04-29 | by ( ) www.cnbc.com   time to read: +2 min
The Boeing logo is displayed on a Boeing building on January 8, 2024 in El Segundo, California. Boeing on Monday tapped debt markets to raise $10 billion, after the U.S. planemaker burned $3.93 billion in free cash during the first quarter following slowing production of its best-selling jet, sources familiar with the matter said. Moody's said the rating reflects Boeing's still-strong business profile, which continues to mitigate ongoing weak performance in commercial aircraft, although headwinds surrounding the division could persist through 2026. Boeing will use the bond proceeds to increase its liquidity ahead of maturities on its existing debt load, including $4.3 billion in 2025, S&P wrote on Monday. The deal's bookrunners leading the bond sale include Bank of America , Citi, JPMorgan and Wells Fargo , according to the deal's term sheet.
Persons: Moody's, bookrunners, Wells, Brian West Organizations: Boeing, U.S, Bank of America, Citi, JPMorgan Locations: El Segundo , California, maturities, Wells Fargo
Bridgit Mendler's path from Disney Channel star to space startup CEO started with — quite literally — an accident. The 31-year-old is the CEO and co-founder of Northwood Space, a company based in El Segundo, California that aims to mass-produce ground stations — otherwise known as the antennae that communicate with space satellites. "While everybody else was making their sourdough starters [during the Covid-19 pandemic], we were building antennas out of random crap we could find at Home Depot ... and receiving data from [National Oceanic and Atmospheric Administration] satellites," Mendler told CNBC on Monday while announcing her startup. "I'm studying anthropology," Mendler told ABC's "Jimmy Kimmel Live" in 2015. While at Harvard, she served as co-president of the Harvard Space Law Society, according to her LinkedIn profile.
Persons: , Charlie, Mendler, ABC's, Jimmy Kimmel, Griffin, Andreessen Horowitz, Peter Thiel's Organizations: Disney Channel, Northwood, National Oceanic, Administration, CNBC, University of Southern, USC, Massachusetts Institute of Technology, MIT Media Lab, Harvard Law School, Harvard, Harvard Space Law Society, Founders, Humba Ventures, Elon, SpaceX, Technologies, Northrop Grumman Locations: El Segundo , California, University of Southern California, Northwood
Bridgit Mendler is no stranger to reaching millions of people — now she wants to change how satellite data reaches the ground. "The vision is a data highway between Earth and space," Mendler told CNBC. "Space is getting easier along so many different dimensions but still the actual exercise of sending data to and from space is difficult. Rather than build rockets or satellites, Northwood aims to mass produce ground stations. Also known as teleports, ground stations are the typically large and often circular antennas that connect to satellites in space.
Persons: Bridgit Mendler, The Beverly Hilton, Bridgit, , Charlie, Mendler, Andreessen Horowitz, Griffin, Luthra, Lockheed Martin Organizations: The Beverly, Disney Channel, Massachusetts Institute of Technology, Harvard Law School, Federal Communications, Space Bureau, CNBC, Northwood, Founders Fund, Lockheed, Mitre Corporation, Space Locations: Beverly Hills , California, Waverly, El Segundo , California
Activist investor Barington Capital is pushing Mattel to consider selling off its American Girl and Fisher-Price brands, citing underperformance within the divisions. Mattel shares were up around 3% in premarket trading Friday following a letter sent to Mattel Thursday, which was first reported by the Wall Street Journal. American Girl and Fisher-Price, two iconic brands, are among the most popular in their respective markets. Mitarotonda said that if Mattel cannot stymie continued erosion in both Fisher-Price and American Girl, which has suffered similar declines, the company "may not be the right owner of these brands." "We believe that these brands are now detracting from the success at Mattel's other segments and hurting shareholder value," Mitarotonda said in a release.
Persons: Barbie, Barington, Price, Fisher, Barington's James Mitarotonda, Ynon Kreiz, Mitarotonda, Mattel, Kreiz, Michael Dolan, Dolan Organizations: Mattel Inc, Mattel, American, Price, Wall Street, Fisher, Bacardi, IMG, Young, Body Works, Darden Locations: El Segundo , California
Boeing withdraws bid for safety exemption for Boeing 737 Max 7
  + stars: | 2024-01-29 | by ( ) www.cnbc.com   time to read: +1 min
The Boeing Co. logo is displayed outside of company offices near Los Angeles International Airport (LAX) in El Segundo, California on January 18, 2024. Boeing confirmed late on Monday it is withdrawing a request it made to the Federal Aviation Administration last year seeking an exemption from a safety standard for its 737 Max 7 that is awaiting certification. Senator Tammy Duckworth, who chairs an aviation subcommittee, said last week she opposed Boeing's exemption request that would "prematurely allow the 737 Max 7 to enter commercial service." She noted the exemption Boeing had sought "involves an anti-ice system that can overheat and cause the engine nacelle to break apart and fall off. The FAA deferred comment to Boeing.
Persons: Tammy Duckworth Organizations: Boeing Co, Los Angeles International Airport, Boeing, Federal Aviation Administration, FAA Locations: El Segundo , California
NEW YORK (AP) — Eddie Murphy has fond childhood memories of gathering with his family in Brooklyn and being wrapped in the wonder of the season as they watched classic holiday movies. Now, his Christmas wish is his new film, “Candy Cane Lane,” will create similar memories for others. The film was written by Kelley Younger, whose family grew up on Candy Cane Lane in El Segundo, California — a neighborhood known for competitive holiday decorating. "I love Christmas movies. I love Christmas music.
Persons: — Eddie Murphy, Candy Cane, , ” Murphy, , Chris Carver, Murphy, who’s, Pepper, Jillian Bell, Carver, Tracee Ellis Ross, ” Ross, , Ross, Carol, Chuckling, Thaddeus J, Mixson, Ken Marino, David Alan Grier, Nick Offerman, Robin Thede, Chris Redd, Kelley Younger, Reginald Hudlin, Hudlin, Kid ’, , Halle Berry, Robin Givens, Martin Lawrence, Grier, Axel Foley, we’ve, Gary Gerard Hamilton Organizations: , Party, National, Beverly Hills, Associated Press Locations: Brooklyn, El Segundo , California, Hollywood, @GaryGHamilton
Business Insider wants to hear from you. Over 494,000 people left Texas between 2021 and 2022 (though the state gained a net population of 174,261.) "The property tax percentage rate is higher," Marie Bailey, a Texas-based realtor who moved from El Segundo, California, to Prosper, Texas, in 2017, previously told Business Insider. AdvertisementFor Texans, "the Midwest has emerged as popular recently because it is just by and large the most affordable region," Hannah Jones, Realtor.com's economic research analyst, told Business Insider in October. Burse told Business Insider in September that it played a crucial role in her decision to relocate to Texas in 2021.
Persons: , I'm, I've, we've, Marie Bailey, Hannah Jones, they've, Jackie Burse, Burse, Bob McCranie, McCranie, Texas hasn't, Nick Thomas, he's, Thomas, Jules Rogers, hadn't, Rogers Organizations: Texas, Business, Service, Lone Star, Lone, Lone Star State, KXAN News, Austin Locations: Texas, Knoxville, Realtor.com, El Segundo , California, Prosper , Texas, Marie Bailey As Texas, California, Dallas, New York, Florida, Florida and Texas, Austin, Los Angeles, San Francisco, Portland , Oregon, Houston, Pacific, Portland
But while housing and gas is significantly cheaper in Texas, property taxes are typically higher. "Every time a prospective client calls me, it's one of the first things I talk about," Bailey told Business Insider. But while housing, gas, and grocery prices tend to be lower in Texas, California has Texas beat when it comes to property taxes. In her work as a realtor, Bailey said she typically sees property tax percentage rates in Texas sitting between 1.6% to 2.7%. Advertisement"Considering I could never afford a house at all in California, property tax or not, it's a non-issue for me," Crossan said.
Persons: , Marie Bailey, Bailey, Janelle Crossan, Crossan, Charles Denson, Gill, Denson, " Denson, Jennifer, Chuck Balek, Jennifer Balek, Chuck Organizations: Service, Golden State for, Lone Star State, Business, Denson & Company, Texans Locations: Texas, Golden, Golden State for Texas, California, El Segundo , California, Prosper , Texas, Costa Mesa , California, New Braunfels , Texas, Texas , California, Camarillo , California, Rockwall , Texas, New Branfels
Beyond Meat’s revenue fell nearly 9% in the third quarter as higher sales of its plant-based meat in Europe failed to make up for plummeting demand in the U.S. Beyond Meat cut its third-quarter and full-year revenue forecast last week, saying an anticipated rebound in plant-based meat sales during the quarter didn't occur. But in the U.S., he said, ads funded by the meat industry and others have led consumers to see plant-based meat as overly processed and unhealthy. The higher price of plant-based meat has also hurt U.S. sales at a time when consumers are stressed about inflation, he said. Frozen plant-based meat sales, including items like tenders and nuggets, were down 6%.
Persons: Ethan Brown, It's, Brown, McDonald’s, U.S . Brown, , El Organizations: FactSet, Panda Locations: Europe, U.S, China, U.S ., Meat's, El Segundo , California
The plant-based meat company said Thursday that the reduction of about 65 employees is part of a broader corporate review. U.S. demand for plant-based meat has plummeted this year. Frozen plant-based meat sales, including items like tenders and nuggets, were down 6%. Plant-based meat is also fighting perceptions that it's overly processed and unhealthy, stoked in part by ads released by rival food companies. McDonald's has tested Beyond Meat's products in the U.S. but hasn't added them to its permanent menu.
Persons: , Ethan Brown, Brown, El, McDonald's, hasn't Organizations: FactSet Locations: El Segundo , California, Europe, U.S
Elf Bar disposable vape flavored vaping e-cigarette products are displayed in a convenience store on June 23, 2022 in El Segundo, California. The findings, a part of the 2023 National Youth Tobacco Survey, showed that from 2022 to 2023 e-cigarette use among high school students declined to 10% from 14.1%, a drop representing about 580,000 fewer high schoolers. Current use of any tobacco product by high school students declined by an estimated 540,000 students, to 1.97 million in 2023 from 2.51 million in 2022. E-cigarette usage has been the most commonly used tobacco product among both high school and middle school students for a decade. "The FDA remains concerned about youth tobacco product use, and we cannot and will not let our guard down on this issue," King said.
Persons: Patrick T, FALLON, PATRICK T, Brian King, King, we're Organizations: Juul Labs, US Food and Drug Administration, Getty, Tobacco Survey, Food and Drug Administration, Centers for Disease Control, Prevention, FDA's Center for Tobacco Products, FDA, Esco Locations: El Segundo , California, AFP
LONDON (Reuters) - The U.S. 10-year Treasury yield briefly reached 5% for the first time since 2007, marking a fresh milestone in a relentless push higher for government borrowing costs. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermidFurther signs of resilience in the U.S. economy help explain the latest sell off in Treasuries, as traders have unwound bets the U.S. Federal Reserve would soon start to lower interest rates. He highlighted what everyone has seen with the strong economic growth data and the retail sales figure that came out. Just like how the market forced the Fed to stop quantitative tightening in 2019, it might be forcing the Fed to rethink QT today.
Persons: Brendan McDermid, Jerome Powell, MICHAEL SCHULMAN, EL, , NOAH, ” BRIAN JACOBSEN, MENOMONEE, QUINCY KROSBY, Powell Organizations: Treasury, New York Stock Exchange, REUTERS, U.S . Federal, Fed, NORTH Locations: New York City, U.S, Treasuries, EL SEGUNDO, CALIFORNIA, CHARLOTTE, NC, WISCONSIN, NORTH CAROLINA, Ukraine, Russia
Now may be the time to shop for an office lease. As office vacancies soar to record highs in some markets, office landlords often have no choice but to find new and creative ways to attract new clients. "When you have 55-year-old managing partners of a law firm looking for office space, and they see the golf simulator, they get pretty excited," he said. Long-term leases, which usually feature landlord-financed renovations to the office space, are now being offered with lease-termination options. Office landlords without access to this capital level are often left with only one lever: renting below market price.
Persons: Michael Cohen, Michael Lirtzman, Anthony Tahlier, Andrew Lustgarten, Lirtzman, Sterling, Lustgarten, it's, Matt Petit, Goldman Sachs, Risa Letowsky, Letowsky, Watts, Tishman Speyer, aren't, That's, Cohen, they've, he's, hasn't Organizations: Colliers, Kastle Systems, West Chicago, Sterling Bay's, Century, El, New, Palm, Chase, Wall, JPMorgan, Deutsche Bank, Adler, Stachenfeld, Silverstein, Lawyer Locations: Chicago, Bian, Sterling, Los Angeles, New York, Miami, Liberty, Chase Manhattan, Alamo, CBRE, Los Angeles and New York, LA, United States
"We watched like maybe one play, because we were so engaged in talking about building a launch vehicle," Mueller told Isaacson. Musk agreed, but Isaacson writes that this meant Musk considered "Mueller an employee, rather than a cofounder, of SpaceX." "You cannot ask for two years of salary in escrow and consider yourself a cofounder" Musk told Isaacson. Elon Musk with a SpaceX rocket in March 2004 in El Segundo, Los Angeles. "I am very proud of what we have achieved at SpaceX," Mueller told the University of Idaho in 2018.
Persons: Tom Mueller, Elon Musk, Mueller, Musk, Elon Musk's, Walter Isaacson, here's, Los Angeles Mueller, Isaacson, who'd, Chris Thompson, Musk Mueller, There's, Elon, Paul Harris, It's, Mueller's, Peter Thiel Organizations: SpaceX, Service, University of Idaho, TRW, Reaction Research Society, PayPal, Ebay, Super, Exploration Technologies Corporation, Merlin, Pathfinder Locations: Idaho, Wall, Silicon, Los Angeles, Canada, Saint Maries, El Segundo , Los Angeles
Like many PeerStreet investors who spoke with Insider, Mincher has a strong résumé. Another form of crowdfunding, equity crowdfunding, works a bit like the stock market without the onerous and expensive process of initial public offerings. The PeerStreet investors who spoke with Insider said the outcome of this case could determine whether they stick with real-estate crowdfunding. Others, such as Fundrise, have moved away from crowdfunding in favor of a model for private real-estate investment trusts, similar to the BREIT later offered by Blackstone. Fritton, the former Patch of Land CEO, said Fundrise's fund model was the wave of the future for real-estate crowdfunding.
Persons: Michael Burry, Christian Bale, Burry's, Crowdfunding, Burry, Andreessen Horowitz, they're, Braun Mincher, PeerStreet, who've, Judge Laurie Selber Silverstein, Brew Johnson, he's, Braun, Mincher, , it's, Michael Burry Astrid Stawiarz, Ian Ippolito, Ippolito, John McNellis, PeerStreet Ippolito, McNellis, El, Marc Andreessen, Phil McCarten, Silverstein, wouldn't, Sean Quinn, Doug Lyon, Lyon, that's, Jason Fritton, Kirk Brett, there's, Brett, iFunding, CrowdStreet, Nightingale's Elie Schwartz, Nightingale, Schwartz, Yieldstreet, Fritton Organizations: CNBC, Main, PeerStreet, Facebook, McNellis Partners, Funding Trust, Fairfield University, Magnetar, Adler, Securities and Exchange Commission, Department of Justice, Securities, Exchange Commission, SEC, Investors, Blackstone Locations: Delaware, El Segundo , California, crowdfunding, There's
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