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Startups Weekly: Even Gwyneth Paltrow had a hard time raising VC
I spent the week in Malibu attending Upfront Ventures’ annual Upfront Summit, which brings together the likes of Hollywood, Silicon Valley and Washington, DC’s elite for a two-day networking session of sorts. Cameron Diaz was there for some reason, and Natalie Portman made an appearance. Stacey Abrams had a powerful Q&A session with Lisa Borders, […]
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One-year-old Bracket Capital is already an investor in Lyft, Bird, Airbnb and Coinbase
Bracket is led by Yalda Aoukar and Jihan Bowes-Little, co-founders and managing directors based in Doha, Qatar and Los Angeles, respectively. The two relative unknowns, in venture at least, have had successful careers at private equity groups and hedge funds, recently opting to steer their careers in different directions. “Venture, by its nature, is quite […]
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Reports indicate that Tesla has been subpoenaed over Elon Musks tweets
Federal securities regulators have served Tesla with a subpoena, according to a person familiar with the investigation, increasing pressure on the electric car company as it deals with the fallout from several recent actions by its chief executive, Elon Musk. Rapper Azealia Banks’ claims to have the inside track on Elon Musk’s Tesla take-private drama […]
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With no white knight in sight, Tesla shares plummet from Musks tweet-related highs
Investors definitely aren’t stoked by the deafening silence coming from Tesla after its chief executive announced in a tweet that he plans to drop a fat sack of cash on public shareholders in a bid to take the company private. Tesla’s shares have tumbled from their post-tweet highs as investors are now left with the embers […]
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MallforAfrica and DHL launch MarketPlace Africa global e-commerce site
Jake Bright MallforAfrica and DHL are giving African merchants a global stage. This week the online retailer and delivery giant launch MarketPlaceAfrica.com: an e-commerce site for select African artisans to sell wares to buyers in any of DHL’s 220 delivery countries. “We’re starting off in Nigeria and then we’ll open in Kenya, Rwanda and the rest of […]
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Video consultation service Doctor on Demand raised $74 million so everyone can see a doctor anytime
Healing America’s broken healthcare industry has been at the top of the priority list for almost every politician, entrepreneur and inventor for at least the past 40 years. Costs continue to climb (roughly 5 percent this year) and spending is already 20 percent of the nation’s GDP. For the trillions of dollars Americans spend on […]