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Source: GV has for years been using an algorithm, dubbed The Machine, to help make investment decisions

“When venture capitalists at GV do it, they go to something called “The Machine.”” reports axios.com. When most venture capitalists want approval to make a new investment, they go to their partners.The first is that some GV investors have been known to try gaming the machine, manipulating inputs to get the desired results. Source: axios.com Share This:

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for years has used an algorithm that effectively permits or prohibits both new and follow-on investments

“When venture capitalists at GV do it, they go to something called “The Machine.”” reports axios.com. When most venture capitalists want approval to make a new investment, they go to their partners.The first is that some GV investors have been known to try gaming the machine, manipulating inputs to get the desired results. Source: axios.com Share This:

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Funds honoring slain Capital Gazette staff members have raised nearly $685,000

“Already, the Merrill Family Foundation, founded by the late Philip Merrill, a former owner and publisher of the Capital Gazette, contributed $100,000 to that fund” reports washingtonpost.com. A separate fundraising effort through GoFundMe started by Madi Alexander, a data reporter for Bloomberg Government, has since been combined with the family fund.Thousands of people have contributed nearly $685,000 to a pair of funds created after the June 28 mass shooting in the Capital Gazette newsroom, and donations small and large continue to come in.The Crooked Crab Brewing Co. in Odenton raised…

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News Stocks 

Lions Gate started at outperform with $28 stock price target at Imperial Capital

“Imperial Capital initiated coverage of Lions Gate Entertainment Corp on Thursday with an outperform rating and price target of $28” writes Sarah Toy for marketwatch.com. “Lions Gate’s LGF.A, +3.94% overall strategy and niche in the marketplace is simple to digest and investor-friendly,” analyst David Miller wrote in a note to investors. Source: marketwatch.com Share This:

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Insight Venture Partners closes 10th fund at $6.3 billion

“New York-based venture capital (VC) firm Insight Venture Partners has closed its tenth fund at a whopping $6.3 billion” writes Paul Sawers for venturebeat.com. News emerged last year that Insight was targeting a $6 billion tenth fund, and by July it had raised more than half that figure. Sequoia Capital, however, is already approaching a new $8 billion fund, according to reports earlier this year.There are bigger investment funds out there, for example SoftBank’s jaw-dropping $100 billion Vision Fund, but Fund X is among the biggest U.S. venture funds to emerge…

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Crypto News 

Nervos Network raises $28 million to make enterprise blockchain networks

“Nervos Network has raised $28 million to build a next-generation blockchain network for the enterprise” writes Dean Takahashi for venturebeat.com. Nervos will use the money to grow its product and engineering teams, accelerate development of its enterprise blockchain solutions, and do strategic partnerships.Founded by a team of blockchain and crypto veterans from Ethereum, imToken and Yunbi, Nervos is a network of interoperable protocols built on top of an open network and designed for enterprise applications.Public chains compromise scalability and performance for the sake of security, while permissionless chains forgo security…

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Crypto News 

Decentralised Capital to Create Australia’s First Insured Crypto Vault

“The partnership endeavors to create the first insured cold storage vault for digital assets in Australasia” reports financemagnates.com. According to Decentralised founder and director, Stephen Moss, the crypto vault aims to take advantage of Australia’s growing market for storage solutions in the digital currency market.According to the report, the vault will target both wealthy and institutional investors, plus exchanges and initial coin offering issuers. Source: financemagnates.com Share This:

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Over $250 billion has been ‘squandered’ by mining companies over the last 10 years

“Global mining companies have had a good run since the start of this century” writes Business Insider Australia for businessinsider.com. But research from Morgan Stanley shows big miners weren’t averse to shooting themselves in the foot while the money was flowing in.The following chart, based on research from Price Waterhouse Coopers, tells the story: It shows that in the period from 2008-2017, global mining companies invested around $939 billion in major projects.Looking ahead, “the industry has made changes that suggest the capital destruction of the last 15 years should not…

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Alphabet’s GV leads $16 million investment in site rental firm Peerspace

“SAN FRANCISCO (Reuters) – Alphabet Inc’s venture capital unit GV led a $16 million investment this month in Peerspace Inc, a self-serve online booking tool for event spaces, the firms told Reuters on Tuesday” writes Midwest Communications Inc for 95kqds.com. Foundation Capital and Red Bridge Partners also participated in the latest financing, which nearly doubles Peerspace’s total capital raised to $34 million. Source: 95kqds.com Share This:

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Coinsilium Hires Ambrian Capital Founder as Advisor for Gibraltar Branch

“He is the founder of Ambrian Capital and is currently chairman of an investment fund called Golden Prospect Precious Metals” reports financemagnates.com. Coinsilium has hired Malcom Burne to be a project advisor to its Gibraltar-registered subsidiary TerraStream, Coinsilium is a London-based investment company that focuses on blockchain startups. At Terrastream he will be working with a mining sector advisor named Richard Lloyd. Source: financemagnates.com Share This:

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