September, 2023

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Ontario Teachers’, PSP-owned Cubico buys Uruguay renewable projects

PE Hub

Cubico Sustainable Investments is a London, UK-based renewable energy company. The post Ontario Teachers’, PSP-owned Cubico buys Uruguay renewable projects appeared first on PE Hub.

Investing 284
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Gen Z's Main Career Aspiration Is to Be an Influencer, According to a New Report

Entrepreneur - VC

According to a new report, over half (57%) of Gen Zers would be an influencer on social media given the opportunity, and a similar amount (53%) view influencing as a respectable career choice.

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Trending Sources

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24 Things I Believe About Investing

A Wealth of Common Sense

Here are some things I believe about investing. 1. I believe simple beats complex. The problem is simple is much harder to implement because complex will always sound more intelligent and appealing. 2. I believe the timing of buy or sell decisions matters less than your holding period. Picking tops and bottoms is for the lucky and the liars. Patiently holding onto your investments is more important for most investors than.

Investing 132
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The Least Bad Choice

The Big Picture

I have been watching various sentiment polls and Right/Wrong Track questionnaires with detached bemusement. Bemused because they are so silly, and detached because I know I can’t change human nature. What I can do is share a few modest insights; hopefully, these will allow you to gain a fresh perspective you might not have otherwise considered or perhaps even garner a better understanding of what is happening right here and now.

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Duckbill Raises $33M in Seed and Series A Funding

FinSMEs

Duckbill, a Boston, MA-based maker of an execution engine that gives people a personal assistant combined with AI’s efficiency, raised $33m in seed and Series A funding. The round was led by Forerunner Ventures, with participation from Greycroft Partners, Inspired Capital, General Catalyst, G9 Ventures, Red Antler, uture Back Ventures by Bain & Company and […] The post Duckbill Raises $33M in Seed and Series A Funding appeared first on FinSMEs.

Funds 133
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What to Do About These High Interest Rates

Mr. Money Mustache

Whoa, have you seen what just happened to interest rates!? Suddenly, after at least fourteen years of our financial world being mostly the same, somebody flipped over the table and now things are quite different. Interest rates, which have been gliding along at close to zero since before the Dawn of Mustachianism in 2011, have suddenly shot back up to 20-year highs. – Which brings up a few questions about whether we need to worry, or do anything about this new development.

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It Can Be Hard Raising Capital For a Small Business — But These 3 Ways Really Work.

Entrepreneur - VC

It can be hard to raise capital for a small local business if you haven't learned the right strategies. Ultimately, however, raising capital is possible at any level — if you employ the correct approach. Here's how.

Capital 144
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The U.S. Housing Market vs. The Canadian Housing Market

A Wealth of Common Sense

Way back in 2017, I wrote about how bananas Canadian housing prices were. This was the chart I used at the time: Canada basically skipped the housing bust from the Great Financial Crisis. Well, things got even more bananas in the ensuing years. Here’s the updated version: Canadian housing prices can remain irrational longer than you can stay solvent or something like that.

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Nobody Knows Anything, Dot Plot Edition

The Big Picture

The September Federal Reserve meeting is behind us we still have November and December ahead of us. Markets are nervous expecting another hike before years over before two cuts in 2024. My advice: ignore those expectations as they have been wildly inaccurate over the past few years; they have been mostly inaccurate over the past decade. When it comes to forecasting economic outcomes, the Fed is no better or worse than anybody else.

Funds 130
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Invoke AI Raises $3.75M in Seed Funding

FinSMEs

Invoke AI, an Atlanta, GA-based maker of open-source generative artificial intelligence (AI) software for artist and creative teams, raised $3.75M in Seed funding. The round was led by Storm Ventures, with participation by SignalFire and Universe Software. The company intends to use the funds to expand the support of the open-source software project’s community of architects, ad agencies, […] The post Invoke AI Raises $3.75M in Seed Funding appeared first on FinSMEs.

Funds 116
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Generative AI, SEO, and what leaders should know: Google search in the future

Insight Partners

SEO and content are two of the most important marketing channels used by Insight’s portfolio and forward-looking founders are starting to ask us questions about the impact of generative AI on search results. Our team has been researching the topic, and we believe the impacts will be significant. GenAI will have a transformative effect on users’ search experience, and there will be myriad second-order impacts of that change in the scaleup ecosystem.

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Valsoft acquires industrial data analytics company Fusion

PE Hub

With headquarters in Montreal, Valsoft is an acquirer and developer of vertical market software businesses. The post Valsoft acquires industrial data analytics company Fusion appeared first on PE Hub.

Companies 274
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Beyoncé's Request to Fans Sparks a Surge in Sales for Small Businesses, Turning Side Hustles Into Major Money-Makers

Entrepreneur - VC

Beyoncé celebrated her birthday by urging fans to wear silver to her concerts during Virgo season. The request sparked a surge in sales for many small business owners. Read more about the Renaissance World Tour's economic impact, here.

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Should Your Investment Manager Have Skin in the Game?

A Wealth of Common Sense

A reader asks: My job is to run a concentrated 20 company portfolio (all listed companies, buy and hold, long term horizon etc.). I get a base salary and a bonus for performance. So a good amount of my annual earnings are tied to the performance of the companies I pick. I also have a small personal investment account. My question is around how I should think about investing this – should I use the fact that I spend.

Investing 133
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Jeremy Grantham, Bubble Historian

The Reformed Broker

Welcome to the latest episode of The Compound & Friends. This week, Michael Batnick, Jeremy Grantham, and Downtown Josh Brown discuss being the “Bubble Historian”, Inflation, Modern Valuations, the Four most Dangerous Words, Real Estate, Impact Investing, and much more! You can listen to the whole thing below, or find it wherever you like to listen to your favorite pods!

Investing 122
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Lucid Scientific Raises $7M in Series A Financing

FinSMEs

Lucid Scientific, an Atlanta, GA-based life science instruments company, raised $7M in Series A funding. The round, which brought the total amount to $13M, was led by IAG Capital Partners. Additional participants included the Georgia Research Alliance’s Venture Fund, and Dynamk Capital. IAG Venture Partner Dr. Ehsan Jabbarzadeh will join Lucid’s Board of Directors.

Financing 116
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MiB: Jon McAuliffe, the Voleon Group

The Big Picture

This week, we speak with Jon McAuliffe , who is co-founder and chief investment officer at the Voleon Group , heading the firm’s investment strategy, research, and development. Previously, he developed and managed statistical arbitrage trading strategies at D.E.Shaw. McAuliffe has a unique track record of successful innovation applying statistical methods to real-life prediction problems, particularly in the financial markets.

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Gryphon Investors agrees to buy AirX Climate Solutions

PE Hub

ACS is a full-service, specialty HVAC service provider. The post Gryphon Investors agrees to buy AirX Climate Solutions appeared first on PE Hub.

Investors 249
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Levi Strauss CEO Says His 'Biggest Regret' Is Not Firing More People Sooner: 'I Held On to Somebody Longer Than I Should Have'

Entrepreneur - VC

Charles Bergh spoke with CNBC about his strategy when taking over the plummeting denim company in 2011, and how clearing out executives was his strategy to "change the culture.

Companies 139
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Where the Housing Bubbles Are

A Wealth of Common Sense

Jeremy Grantham was on The Compound and Friends with Michael and Josh last week talking bubbles. [link] says real estate is a global bubble and prices should fall 30% or so. I partially agree and partially disagree with Grantham here. I continue to believe the U.S. housing market is not in a bubble. Is the housing market broken in many way.

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JSW Infrastructure IPO (Subscribe)

Fintoo

Highlights Issue Size –: 235,294,118 shares Issue Open/Close – Sept 25 /Sept 27, 2023 Price Band (Rs.) 113 – 119 Issue Size (Rs.) – 28,000 mn Face Value (Rs) 2 Lot Size (shares) 126 JSW group arm JSW Infrastructure incorporated in 2006, is the fastest expanding port-related infrastructure company in terms of installed cargo handling […] The post JSW Infrastructure IPO (Subscribe) appeared first on Fintoo Blog.

Companies 115
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Erudit Raises $10M in Series A Funding

FinSMEs

Erudit, a San Francisco, CA-based AI company that helps leaders improve culture and productivity, raised $10M in Series A funding. The round was led by Conexo Ventures, Athos Capital, Ignia Partners, True Blue Partners and Fondo Bolsa Social. The company intends to use the funds to accelerate its workforce intelligence technology development and revenue growth. […] The post Erudit Raises $10M in Series A Funding appeared first on FinSMEs.

Funds 114
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MiB: Elizabeth Burton, Goldman Sachs Asset Management

The Big Picture

This week, we speak with Elizabeth Burton , managing director and client investment strategist at Goldman Sachs Asset Management. She advises institutional clients on investment strategies and portfolio objectives, working alongside global client advisers and product strategists across public and private markets. Previously, she was CIO at the Employees’ Retirement System of the State of Hawaii, and managing director in the quantitative strategies group at the Maryland State Retirement Age

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The hands and feet of AI and the renewable energy transition

Top 1000 Funds

A foundation stone of the transition to renewable energy - semiconductors - is paradoxically a major contributor to the problem it’s helping to solve. How asset owners think about investing in a solution that is also part of the problem is a challenging and complex task.

Assets 109
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TikTok Is Using New Tracking Software to Keep Tabs on Employees

Entrepreneur - VC

TikTok has reportedly rolled out a new internal software called MyRTO in order to track employees' in-office attendance -- and failure to comply could result in serious consequences.

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How to Outperform

A Wealth of Common Sense

Kerala is a coastal state in India with a large fishing industry. Beginning in 1997, mobile phones were introduced to the region. By 2001 more than 60% of the fishers and traders were using phones to coordinate sales and set prices for the fish. Robert Jensen used data from this market in a research paper called The Digital Provide to show how the addition of more information impacted fish prices in the marketplace.

Financing 122
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Private equity M&A set to whittle sector down to 100 ‘next-generation’ firms

Financial Times M&A

Split between managers that can raise money and those that cannot will lead to consolidation, predicts Partners Group CEO

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Novel Biotechnology Raises $2.5M in Seed Funding

FinSMEs

Novel Biotechnology, a Toronto, Canada-based biotechnology startup developing solutions for plasmid DNA production, raised $2.5M in Seed funding. The round saw participation from angel investors, along with the Ontario Center of Innovation (OCI), which provided $500k. The company intends to use the funds to expand its existing plasmid services business and expedite its platform R&D […] The post Novel Biotechnology Raises $2.5M in Seed Funding appeared first on FinSMEs.

Funds 109
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Unemployment Up 0.3% = Fed on Hold

The Big Picture

The Fed is done. It’s unimaginable that they will do anything at the September FOMC meeting, and barring any radical change in the data, it’s unlikely they will be doing anything in November. I have been saying since June 2022 that inflation had peaked; the data has been leaning that way since May 2022. If you were watching the video instead of the still pic , it was apparent that the biggest risk to the economy then was less rising prices than a tardy FOMC over-tightening.

Returns 126
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Sai Silks Kalamandir IPO (Avoid)

Fintoo

Highlights Issue Size –: 54,099,027 shares Issue Open/Close – Sept 20 /Sept 22, 2023 Price Band (Rs.) 210 – 222 Issue Size (Rs.) – 12,010 mn Face Value (Rs) 2 Lot Size (shares) 67 Sai Silk (Kalamandir) Ltd (SSKL) are among the top 10 retailers of ethnic apparel, particularly sarees, in south India in terms […] The post Sai Silks Kalamandir IPO (Avoid) appeared first on Fintoo Blog.

Investing 111
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Retail Theft Forces Nike to Permanently Close Beloved Portland Location

Entrepreneur - VC

Nike announced it will permanently close its factory store in Portland, Oregon, amid rampant and ongoing theft. The athletic giant's decision comes amid a series of retail closures across the country due to crime and shoplifting.

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How Rich Are American Households?

A Wealth of Common Sense

The Federal Reserve has tracked household balance sheet data going back to 1952. Each quarter they provide details on total financial assets and liabilities for households and nonprofit organizations. This data doesn’t tell us where the economy is heading but it can help understand how Americans are generally positioned for whatever happens next.

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Chelsea FC raises $500mn from Ares

Financial Times M&A

Premier League club joins forces with US alternative asset manager as it looks for ways to boost revenue

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Fhenix Raises $7M in Seed Funding

FinSMEs

Fhenix, a Tel Aviv, Israel-based provider of a blockchain empowered by homomorphic encryption (FHE), raised $7M in Seed funding. The round was led by Multicoin Capital and Collider Ventures, with participation from Node Capital, Bankless, HackVC, TaneLabs and Metaplanet. Other investors included Tarun Chitra’s and Robert Leshner’s Robot Ventures. The company intends to use the […] The post Fhenix Raises $7M in Seed Funding appeared first on FinSMEs.

Funds 114