News 

We have new details about the VC firm being started by the Social Capital defectors — including its official name

“Not unlike Social Capital, Tribe Capital will harvest and use data to make informed decisions around investing” writes Melia Robinson for businessinsider.com. The three are now founding partners of the nascent Tribe Capital, which one source described to Business as being “like Social Capital, but without Chamath.”. Another person with knowledge of the situation said Tribe Capital will be a founder-focused firm that deploys capital into early-stage startups.Maidenberg was a founding partner at Social Capital, but he left in the fall of 2017. Source: businessinsider.com Share This:

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VCs are fleeing ex-Facebook exec Chamath Palihapitiya’s firm to launch an offshoot fund: ‘It’s like Social Capital without Chamath’

“Others said Sethi left Social Capital on good terms, and he even plans to team up with Social Capital for one of the fund’s first investments” writes Zo Bernard for businessinsider.com. Ted Maidenberg, a founding partner of Social Capital, is joining a new firm being launched by Arjun Sethi, who left Social Capital in June, Business Insider has learned. Source: businessinsider.com Share This:

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Sen. Rand Paul, R-Ky., called on Congress to get tough on immigration, saying the U.S. should have insisted that Afghan immigrants who spoke English stay in their home country.

“Rand Paul, R-Ky., called on Congress to get tough on immigration, saying the U.S. should have insisted that Afghan immigrants who spoke English stay in their home country” writes Ap Photo Kevin for washingtonexaminer.com. Paul made the comments while explaining why he thought employment immigration “is a good thing” if visa applicants can prove who they are, be willing to work, and have peaceful intentions. Source: washingtonexaminer.com Share This:

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A VC who invested in Snap and Stripe explains why there’s going to be an ‘implosion’ in the healthcare business

“Tullman’s background in healthcare combined with Taneja’s experience in tech made for the right founding team, Taneja said” writes Lydia Ramsey for businessinsider.com. One of the things he’s noticed about healthcare startups is that they tend to have a founding team of either health experts or tech experts.Hemant Taneja is optimistic about the change that’s coming to healthcare through new startups — so long as they have the right founding teams.”What you typically see is a physician who hired a couple of software developers and says ‘My thing is going…

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Votem to Be a Founding Member in Dept. Of Homeland Security Council on Elections

“The SCC will also be comprised of private sector companies, including Votem, that have an interest in making American elections more secure and threat-resistant” reports newsbtc.com. Votem is joined in the council by 23 other companies, ranging from elections providers to major publications, that have a stake in the success and betterment of domestic elections.Having conducted nine elections for both private and public clients, Votem has received praise and accolades from various institutions including the Cleveland Technology Awards and OHTech Best of Tech Awards. Source: newsbtc.com Share This:

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Petropavlovsk names new boss, dashing hopes of Kazak investor

“Gold miner Petropavlovsk has named a new chief executive, dashing the hopes of its biggest shareholder that it might lure back its founding boss” writes Jon Yeomans for telegraph.co.uk. The role had been vacant since Petropavolvsk’s founding chief executive Pavel Maslovskiy quit last summer following a boardroom coup that resulted in the ousting of chairman and co-founder Peter Hambro.Petropavlovsk mines gold in the far east of Russia. Source: telegraph.co.uk Share This:

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Crypto News 

DMM Announces Official Founding of Cryptocurrency Mining Lab

“Its most recent move involves the creation of a Research and Development specialty lab for cryptocurrency mining, which will operate under the name DMM Mining Labo” reports financemagnates.com. Its desire is to gain more exposure and accessibility to advanced tech solutions that can improve its crypto mining capabilities.DMM aims to become one of the largest cryptocurrency mining labs in the world.DMM plans to have an operation that ranks in the top three of the world’s mining farm companies in terms of scale. Source: financemagnates.com Share This:

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GBP News 

British entrepreneurs are founding nearly 420,000 new start-ups a year

“The financial crisis has given way to a more benign macroeconomic climate and an increase in consumer spending and business investment” writes Thomas Colson for businessinsider.com. Business investment has also slowed since the UK voted to leave the EU, but still rose by 0.2% in the second quarter of this year.In particular, the research found that start-ups in professional, scientific, and technical businesses have the best survival rate of any sectors, with 95% of businesses founded in 2014 still in operation in 2015, the last year for which that data is…

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