Tag: Capital

BG Capital Group Launches Unique Lifestyle and Entrepreneurship Publication, BG Life Magazine

“We are extremely proud to launch this exciting new platform that will not only showcase our family of companies and interests around the world, but will also greatly enhance entrepreneurship worldwide,” said BG Capital Group Chairman Bobby Genovese.

“BG Life Magazine will reflect our curiosity and enthusiasm for all that is new and evolving, and for the talented people who drive those innovations.”

For updates follow us on Instagram: #bobby_genovese_

About BG Capital Group
With more than 25 years of experience in mergers and acquisitions Genovese’s BG Capital Group is based in the Bahamas with associate management offices in  Fort Lauderdale, Barbados, Los Angeles, Toronto and Vancouver.

About BG Signature
BG Signature was created to represent and oversee Genovese’s portfolio of private estates, yachts and equestrian centers located throughout the world, including his flagship BG Ocala Ranch. Today the collection has expanded to include Genovese

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The Capital Letter: Week of October 5

Call me crazy, but I’m not convinced that the latest round of talks on a new stimulus package are going as well as they might be.



a traffic light on a city street at night


© James Lawler Duggan/Reuters


Bloomberg:

President Donald Trump and House Speaker Nancy Pelosi questioned each other’s mental faculties, showcasing increasing partisan tensions as Election Day looms.

“The president is, shall we say, in an altered state right now, so I don’t know how to answer for his behavior.,” Pelosi said in an interview on Bloomberg Television Thursday.

The Democratic leader also called Trump’s changing positions this week on whether to let his administration conduct talks on fiscal stimulus “strange.” Trump pulled his team from negotiations Tuesday, prompting Pelosi to suggest to colleagues that day that Trump’s thinking might have been affected by the steroids he’s taken to battle his Covid-19, Bloomberg has reported.

“The disassociation from reality would be funny if it

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Nvidia and Huawei face an uncertain future in Britain’s high-tech capital

  • Home to some of the most talented technologists in the world, Cambridge is seen as a vital hub for technology companies like Nvidia and Huawei.
  • Nvidia announced that it intends to buy Arm and set up a new AI research center, while Huawei plans to build a $1.3 billion R&D lab in the city. 
  • However, the future of these ambitions have become shrouded in uncertainty. 



a group of people riding on the back of a boat in the water: University of Cambridge


© Provided by CNBC
University of Cambridge

LONDON — Situated in the middle of China and the U.S., the English university city of Cambridge has found itself at the center of two massive tech sagas.

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U.S. chip maker Nvidia and Chinese hardware manufacturer Huawei have big expansion plans in Cambridge but both companies have big hurdles to overcome if their dreams are to be realized.

Nvidia hopes to acquire Cambridge-headquartered Arm for $40 billion and set up a new “world-class” AI center in

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New Orleans Saints’ Malcolm Jenkins starts venture capital fund with NFL players

Malcolm Jenkins has teamed with fellow NFL players to launch a venture capital fund.

The three-time Pro Bowl safety and two-time Super Bowl champion launched Broad Street Ventures on Wednesday. The fund focuses on late stage and growth stage technology and consumer products. It has already invested in Airbnb, Epic Games, Turo, NoBull, Automattic and ZenWtr.

Jenkins, a strong advocate for racial equality, hopes his newest business introduces more Black men and women to the venture capital world.

Jenkins and co-founder Ralonda Johnson recruited additional NFL players and industry leaders to represent the fund. Among them are defensive backs Devin McCourty and Jason McCourty of the New England Patriots, safety Rodney McLeod of the Philadelphia Eagles and free-agent wide receiver Jordan Matthews. Jenkins played with McLeod and Matthews in Philadelphia. Also, television broadcaster Sharrie Williams is part of the fund.

2 Related

“While less than 1% of American venture capital

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Malcolm Jenkins starts venture capital fund with NFL players

AP
Published 6:13 p.m. ET Oct. 7, 2020 | Updated 7:36 p.m. ET Oct. 7, 2020

Malcolm Jenkins has teamed with fellow NFL players to launch a venture capital fund.

The three-time Pro Bowl safety and two-time Super Bowl champion launched Broad Street Ventures on Wednesday. The fund focuses on late stage and growth stage technology and consumer products. It has already invested in Airbnb, Epic Games, Turo, NoBull, Automattic and ZenWtr.

Jenkins, a strong advocate for racial equality, hopes his newest business introduces more Black men and women to the venture capital world.

Jenkins and co-founder Ralonda Johnson recruited additional NFL players and industry leaders to represent the fund. Among them are defensive backs Devin and Jason McCourty of the New England Patriots, safety Rodney McLeod of the Philadelphia Eagles and free agent wide receiver Jordan Matthews. Jenkins played with McLeod and Matthews in Philadelphia. Also, television broadcaster Sharrie

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Why the CEO of a $1 billion startup chose debt capital over VC funding

  • In February, Quantum Metric CEO Mario Ciabarra was fielding calls from investors at a rapid clip and getting unsolicited term sheet offers that valued the company at $1 billion. 
  • The term sheets offers slowed once the coronavirus hit but his company kept booming, growing annual recurring revenue at 70%, he told Business Insider.
  • By June, VCs were calling again, but the valuations were lower, even though revenue-under-contract had grown, said Ciabarra. 
  • So he decided not to take on a new round of funding yet. Instead, he opted for a $25 million loan from Silicon Valley Bank until he could secure a venture funding round at the terms he wants.
  • Visit Business Insider’s homepage for more stories.

In February, Quantum Metric CEO Mario Ciabarra was fielding calls left-and-right from venture capitalists eager to pour funding into the company.

“We weren’t actually trying to raise any specific amount of money,” he told

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Aquiline Capital Partners To Lead The Merger Of CodeBlue And MADSKY

NEW YORK, Oct. 2, 2020 /PRNewswire/ — Aquiline Capital Partners today announced the signing of definitive agreements in which it will merge Insurance Claims Management, Inc., which operates under the CodeBlue brand, and FV Holdings, LLC dba MADSKY Managed Repair Program (MADSKY). The combination will bring together two industry-leading providers, offering a unique and unified interior and exterior emergency services and direct repair capability. Hunter Powell, currently CEO of MADSKY, will become CEO of the combined business.

CodeBlue is a rapidly growing provider of property claims outsourcing solutions for the insurance industry, using proven science and industry-leading technology to generate superior service and cost outcomes. The company was founded by Paul Gross with the introduction of a revolutionary water damage mitigation solution. It has since expanded to provide a “whole home” set of property claims outsourcing solutions, including First Notice of Loss, Water Mitigation, Direct Property Repair, Desk

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Air Street Capital: AI industry remains strong despite academic brain drain, tech nationalization

London-based venture capital firm Air Street Capital today published the State of AI Report 2020, its third annual survey canvassing research, talent, industrial, and political trends in the field of AI. Coauthored by University College London visiting professor Ian Hogarth and AI investor Nathan Benaich, the report aims to highlight technological breakthroughs and areas of commercial application for AI as well as the regulation of AI, its economic implications, and emerging geopolitical issues.

Among other findings, this year’s report implies AI remains mostly closed source, harming accountability and reproducibility, while corporate-driven academic “brain drain” appears to be impacting entrepreneurship. Self-driving cars are in the Precambrian stages. And political leaders are beginning to question whether acquisitions of AI startups should be scrutinized or outright blocked.

AI research

According to Air Street Capital’s report, only 15% of AI research papers publish their code, and there’s been little improvement on the metric since

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These are the top bankers, lawyers, and capital providers driving the $40 billion SPAC craze

One of Wall Street’s most talked-about trends is the wave of special-purpose acquisition companies, or SPACs, that have launched IPOs at such a torrid pace that they’re on track to raise more than triple last year’s totals.



a group of people walking in front of a building: One-hundred and twelve SPACs, aka "blank-check firms," have raised more than $40 billion so far this year. REUTERS/Lucas Jackson


© REUTERS/Lucas Jackson
One-hundred and twelve SPACs, aka “blank-check firms,” have raised more than $40 billion so far this year. REUTERS/Lucas Jackson

One-hundred and twelve SPACs, aka “blank-check firms,” have raised more than $40 billion so far this year, according to the website SPAC Research. There are now 183 shell companies with $57 billion to spend on bringing other companies public, the data provider said.

There’s an entire ecosystem of advisers, salespeople, and lawyers increasingly pitching blank-check companies to investment platforms and wealthy people. Asset managers like Fidelity, T. Rowe Price, and Capital Research are also increasingly participating in the market, lending an additional aura of respectability to what had once been

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Asia’s capital raising rush delivers record fees for banks in third quarter

HONG KONG (Reuters) – Asia’s equity capital markets generated a record pay day for investment bankers in the third quarter, bolstered by surging appetite for technology deals and a rush to list on China’s new STAR Market, Refinitiv data showed.

Asia Pacific, including Japan, saw bankers garner $3.6 billion in equity capital market (ECM) fees in July-September, up 145% from the same period a year earlier. The previous peak was $3.5 billion in the fourth quarter of 2009.

Bankers are also preparing to fatten their pay packets when Ant Group raises up to $35 billion in a dual listing in Hong Kong and Shanghai likely in October.

“Global capital markets are working. An enormous amount of money is available worldwide,” said Aaron Arth, head of the Asia ex-Japan financing group at Goldman Sachs. “All signs point to a steady desire and need for capital.”

Total equity market capital raised in

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