Update: SpaceX aborted the launch with 13 seconds to go, citing the issue with the positioning of an engine nozzle that’s responsible for steering the rocket in the second stage as the cause. The company said it was exercising “an abundance of caution” in postponing the launch, but wanted to be absolutely sure. The next launch window is at 9:38 AM ET on Sunday morning. At… Read More
Bain Capital Private Equity, Bow Street and Adama Partners have closed their previously announced take-private acquisition of online jeweler Blue Nile for $40.75 per share. As a result of the closing, Blue Nile's stock will stop trading on the NASDAQ on February 21, 2017.
Wolfgang Ischinger, head of the Munich Security Conference, German Defence Minister Ursula von der Leyen and Microsoft founder Bill Gates, from left, attend a press conference prior to the Munich Security Conference in Munich, southern Germany, Friday. MUNICH >> Germany's defense minister told the U.S. on Friday that Washington has an interest in both a stable European Union and a united NATO, and cautioned against turning the fight against terrorism into a "front against Islam and Muslims." Minister Ursula von der Leyen also acknowledged that it won't be enough in the future to rely on American military strength and "duck away" when things get tough.
An Economic Times article quotes Venture Intelligence data on venture exits:
Exits for venture-backed companies added up to $1.5 billion across 64 deals in 2016, as compared to $1.56 billion across 66 deals in 2015, show data from Venture Intelligence. Total investments added up to $2.2 billion last year, down from $4.9 billion in 2015.
Venture Intelligence is India's longest serving provider
A Forbes article quotes Venture Intelligence data on VC investments in 2016:
In 2016, as many as 620 transactions were sealed in the PE/VC space, according to data available with research firm Venture Intelligence. Of this, about 65 percent comprised startup investments. In 2015, the year that created history for the highest amount of PE and VC investments, both by value and volume, of the
Until Thursday afternoon, Dani Deifel Cecil was an instructional aide at the Panama Buena Vista School District. She was fired because of comments she posted on Facebook.
Samsung’s vice chairman is arrested on bribery charges, Beepi closes down and sells off its operations and reports show that Theranos might be winding down. All this on Crunch Report. Read More
Yes, after pulling herself out of her 1950’s rut as a swimsuit model to become everything from a doctor, lawyer, computer scientist, astronaut and even the President of the United States, Barbie has now become a 3D animated hologram that can serve up the weather, on command. As first reported in Wired, The Hello Barbie Hologram debuted at the New York Toy Fair this week. And like… Read More
It might be of particular interest to TC readers to know that from Brad Feld’s perspective — and he’s been in the startup world for 30 years — non-tech companies acquiring tech startups is neither a new nor sustainable trend, despite the vast amounts of ink such acquisitions have received in the press. Here’s what he had to say on whether we’re seeing a… Read More
Shai Bernstein is an associate professor of finance at Stanford Graduate School of Business, specializing in corporate finance and entrepreneurial finance. At the end of November, the U.K. government also focused heavily on the industry as part of its Autumn Statement, with plans to invest A 2 billion into science and tech innovation, as well as a plan to invest A 400 million via the British Business Bank into VC funds for growth capital.