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TPG Growth and CAA’s investment firm Evolution Media buy into Africa’s music business

TPG Growth and CAA’s investment firm Evolution Media buy into Africa’s music business Private equity and media giants from the U.S.  yare starting to pay attention to Africa’s burgeoning music scene. TPG Growth, the middle market and growth equity investment arm of private equity giant TPG, and Evolution Media, the investment and advisory services firm created by Creative Artists Agency and TPG, have acquired a majority stake in the South African multimedia entertainment company, TRACE. With 200 million viewers and listeners across 160 countries, TRACE has created a media empire…

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SEC cools traders’ hot plans for cryptocurrency-based exchange traded funds

SEC cools traders’ hot plans for cryptocurrency-based exchange traded funds The U.S. Securities and Exchange Commission has serious concerns about the securities industry’s plans to create exchange traded funds around cryptocurrency. In a strongly worded letter to the heads of the Securities Industry and Financial Markets Association and the Investment Company Institute, the director of the division of investment management, Dalia Blass said that there were “significant outstanding questions” around how funds that held large amounts of cryptocurrencies (and related products) would satisfy the necessary regulatory requirements. In the letter…

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Bringing luxury perks to co-living life, Ollie raises cash to expand

Bringing luxury perks to co-living life, Ollie raises cash to expand As rents continue to soar in America’s most desirable cities, companies like New York-based Ollie (no, not that one… the other one) are angling to transform the real-estate market with an updated version of an old model of co-living spaces. Once all the rage (from the 1920s through the 1960s), co-living is back again. A slew of entrants from early stage startups like Common, HubHaus, Pure House and Roam Co-living to better financed entrants like WeLive (from the multi-billion dollar…

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Expanding into new markets, Namely adds former Box exec, Graham Younger, as President

Expanding into new markets, Namely adds former Box exec, Graham Younger, as President Graham Younger, a former executive vice president of Box and longtime enterprise software executive, is joining the human resources services provider Namely as its new President. The New York-based company which provides human resources management software for mid-sized companies is growing and has plans to expand its geographic footprint with offices in Los Angeles and Atlanta. And Younger is seen as key to that effort, and the company’s march toward an eventual public offering. Younger’s addition to…

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The state of Israel’s cybersecurity market

The state of Israel’s cybersecurity market Ofer SchreiberContributor Ofer Schreiber is a partner at YL Ventures. More posts by this contributor: Trends in Israel’s cybersecurity investments The drone race is off and running, with Israel in the lead Iren ReznikovContributor Iren Reznikov is an analyst for YL Ventures. More posts by this contributor: Trends in Israel’s cybersecurity investments The drone race is off and running, with Israel in the lead The Equifax breach, WannaCry, NotPetya, the NSA leak, and many more cyber incidents – 2017 was certainly a busy year for hackers, illustrating yet…

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Larry Page-backed asteroid mining company launches cube-sat with experimental water detection tech

Larry Page-backed asteroid mining company launches cube-sat with experimental water detection tech Planetary Resources, the space mining company backed by Google’s Larry Page and Braintree founder Bryan Johnson, has taken another step in its quest to actually mine resources from asteroids and other planetary bodies. The company successfully launched its Akryd-6 cubesat, which is holding an experimental technology designed to detect water resources in space. Planetary Resources is already receiving telemetry from the spacecraft, and the company believes that the experimental technology is a critical stepping-stone for it to develop its…

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Forget the Alexa-powered toasters at CES, these innovations will really shape 2018

Forget the Alexa-powered toasters at CES, these innovations will really shape 2018 Ankur JainContributor Ankur Jain is the founder of the Kairos Society</a> and the former vice president of product at Tinder. As CES rolls out troves of new Alexa-enabled toasters, mirrors, and even shower heads, the gathering has become just another symbol of Silicon Valley’s disconnect with the needs of everyday people. Meanwhile, we had recently challenged Silicon Valley to find new solutions for life stages where we could all use a little help including: 1) Graduating with Student Loans…

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Comcast Ventures is betting on blockchain technologies in 2018

Comcast Ventures is betting on blockchain technologies in 2018 “In 2018 we’re doubling down on blockchain,” says Gil Beyda, managing director of Comcast Ventures, the investment arm of one of the world’s largest media and telecom companies. For the venture capital arm of Comcast, an investment in blockchain isn’t opportunistic, Beyda insists. “Just to be clear, if bitcoin were at $15 instead of $15,000 we would still be committing to this,” he said. Comcast Ventures has been looking at blockchain technology for a months, driven by Comcast and NBCUniversal’s long-standing interest…

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Prototype Capital launches to take pre-seed student investing out of the Ivy League

Prototype Capital launches to take pre-seed student investing out of the Ivy League The two founders of Prototype Capital believe that pre-seed investment focused on student entrepreneurs needs to change. While existing micro-investment funds focused on young entrepreneurs spend their time at Ivy League schools and elite private institutions, Prototype Capital’s founders are betting on great opportunities coming from the same places that have driven Steve Case’s “Rise of the Rest” investment thesis (and his new Rise of the Rest fund). Founded in 2015 by Rajat Bhageria, the former chief…

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Renault-Nissan-Mitsubishi launches $1 billion corporate venture capital fund

Renault-Nissan-Mitsubishi launches billion corporate venture capital fund The world’s largest automaker, Renault–Nissan–Mitsubishi, has launched a $1 billion corporate venture capital fund to focus on investments in “new mobility” including electrification, autonomous systems, network connectivity and artificial intelligence. Called Alliance Ventures, the fund has already made its first investment, taking an equity stake for an undisclosed amount in Ionic Materials — a Bill Joy-backed battery technology developer. The fund said that it will invest up to $200 million in start-ups and “open innovation partnerships” in its first year and expects to…

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