The rise of social media influencers who share financial advice and investment tips, known as ’finfluencers,’ has become increasingly popular in recent years. These individuals use their online platforms to educate and inform their followers about various financial topics, including cryptocurrencies. However, the UK’s Financial Conduct Authority (FCA) has issued a warning to both ‘finfluencers’… Continue reading ‘Finfluencers’ and firms warned by UK that crypto meme ads can’t be misleading
Category: firms
The struggle to diversify venture investments is under fresh fire
The struggle to diversify venture investments is under fresh fire. With the growing demand for greater diversity in the venture capital industry, the pressure is on to make meaningful changes. However, the lack of diversity in venture capital is still stark. The National Venture Capital Association reported that in 2019, only 9.5% of venture capital… Continue reading The struggle to diversify venture investments is under fresh fire
Here’s what the Fearless Fund lawsuit could mean for venture
The Fearless Fund, an early-stage venture fund focused on investing in companies run by underrepresented entrepreneurs, is making headlines after filing a lawsuit in California against a number of venture capital firms for anti-competitive practices. The lawsuit has raised questions about the power dynamics in the venture capital industry, particularly in regards to diversity and… Continue reading Here’s what the Fearless Fund lawsuit could mean for venture
Commentary: The old guard in venture reigns supreme
In the world of venture capitalism, it appears that the “old guard” still reigns supreme. Many of the top venture firms have been around for decades, with a few of the original partners still closely involved and having a major influence on decision-making. Though there have been some recent entrants into the business, it’s clear… Continue reading Commentary: The old guard in venture reigns supreme
Meta firms fined in Australia over ‘Onavo Protect’ consumer protection breach
In a landmark case, a court in Australia has fined several meta-firms over consumer protection breaches related to their ‘Onavo Protect’ app. The Court of Federal Circuit of Australia found that the firms had breached Australia’s consumer protection laws by using ‘Onavo Protect’, an app developed and offered to consumers, to collect extraneous and personal… Continue reading Meta firms fined in Australia over ‘Onavo Protect’ consumer protection breach
TikTok CEO says it wasn’t ‘spying’ when ByteDance employees surveilled journalists
In a recent statement, TikTok Chief Executive Kevin Mayer plans to set the record straight on the allegation that employees of the Chinese-owned video app had been conducting surveillance on journalists. According to Mayer, employees of ByteDance, the Chinese tech company that owns TikTok, acted contrary to company policies when ByteDance employed investigative firms in… Continue reading TikTok CEO says it wasn’t ‘spying’ when ByteDance employees surveilled journalists
Emerging managers hope the new SVB offers the same support to new VCs
As venture capital firms become more established, there is growing need for new, emerging managers to get their start in the space. These firms face a number of challenges, including access to capital, finding experienced talent, and navigating the various regulatory requirements of the industry. This is where Silicon Valley Bank (SVB) comes in. SVB… Continue reading Emerging managers hope the new SVB offers the same support to new VCs
Brex CEO is trying to raise over $1 billion in a weekend for SVB-related bridge loans
The CEO of Brex, Henry Wei, is trying to raise well over $1 billion in a weekend to provide bridge loans to technology companies. In a statement this week, Wei described the fundraising efforts as crucial to helping a large number of firms that had been negatively impacted by the coronavirus pandemic. The bridge loans… Continue reading Brex CEO is trying to raise over $1 billion in a weekend for SVB-related bridge loans
If Sequoia, Paradigm and Thoma Bravo settle a new lawsuit, it could upend VC; here’s why
If there’s one thing venture capitalists fear, it’s getting dragged into a lawsuit. But that could be the reality if three of the largest firms in the industry, Sequoia, Paradigm, and Thoma Bravo, decide to settle a new suit. If they do, it could have far-reaching implications for the VC industry and shake up the… Continue reading If Sequoia, Paradigm and Thoma Bravo settle a new lawsuit, it could upend VC; here’s why
Kapor Capital’s new crew is raising an opportunity fund
Kapor Capital, the leading Silicon Valley investment firm founded by venture capitalist Mitch Kapor, has just announced the launch of their new crew, an opportunity fund for minority-led venture capital funds. The new crew, a co-investment fund, is capitalizing on the groundswell of venture capital funds founded by minority-led firms. This fund is focused on… Continue reading Kapor Capital’s new crew is raising an opportunity fund