Connect with us

Private Equity

7 Easy Steps to Make America Functional Again

Paul Graham, cofounder of Y Combinator, wrote in a thoughtful essay: “The defining quality of an ideologue, whether on the left or the right, is to acquire one’s opinions in bulk. You don’t get to pick and choose. Your opinions about taxation can be predicted from your opinions about same-sex marriage.…Accidental moderates, on the other […]

If this was helpful to you, please sign up for my newsletter.

The post 7 Easy Steps to Make America Functional Again appeared first on David Teten.

Avatar

Published

on


Paul Graham, cofounder of Y Combinator, wrote in a thoughtful essay:

The defining quality of an ideologue, whether on the left or the right, is to acquire one’s opinions in bulk. You don’t get to pick and choose. Your opinions about taxation can be predicted from your opinions about same-sex marriage.…Accidental moderates, on the other hand, not only choose their own answers, but choose their own questions….It’s possible in theory for one side to be entirely right and the other to be entirely wrong. Indeed, ideologues must always believe this is the case. But historically it rarely has been.

I’m an “accidental moderate”, with a history of voting for and supporting candidates labeled Democrat, Republican, and sometimes other parties. Many years ago, I was Chairman of the Young Jewish Leadership PAC, the only Jewish Republican PAC in the US.  (That was before the US Republican party moved far more to the right than all of their peers in traditional conservative parties in Western Europe and Canada.)

That said, I’m endorsing Joe Biden/Kamala Harris for President. As an investor, I can work with a CEO with whom I have differences of opinion on strategy. After all, we all share the common goal of helping a company succeed.  I can’t work with a CEO who’s a liar, disorganized, immature, nepotistic, ignores reality, racist, sexist, xenophobic, is physically and mentally not up to the job, and/or cares more about himself than about the organization he’s supposed to lead. Trump’s incompetence was apparent in 2016 and it’s even more apparent now.

Quoting John Bolton, one of many Trump colleagues who are now aggressive critics, our current President is not “fit for office” and doesn’t have “the competence to carry out the job”. I disagree with many of the current administration’s positions and agree with some, but that’s far less important than the fact that the current President and some in his administration are simply unqualified for the jobs they’re holding.  

Our nation is in desperate need for leadership. Not only does Joe Biden have the necessary experience — having led the Obama administration’s response to crises such as the Ebola epidemic and the Great Recession — but he also has character, competence, and empathy. I miss that.

I hope you will join me to Make America Functional Again. Here are 7 simple actions you can take, all free except for the last:

  1. Register to vote at IWillVote.com.
  2. Fill out the census form at Census2020.gov, to make sure you and your family count.
  3. Join me as a member of the newly-launched Innovators for Biden (Twitter, Instagram, Facebook, LinkedIn).  You can join at https://secure.joebiden.com/onlineactions/Voiv4qHRdUSYTJc33P6Y5A2. The next event is a videoconference on June 30 with Biden Campaign Senior Advisor Jake Sullivan, who worked in the Obama Administration as Deputy Assistant to the President and National Security Advisor to Joe Biden.
  4. Join a Biden Innovator Practice Areas. If you work in a certain occupation or industry segment and would like to start your own group, contact the Biden campaign. 25 people within one industry or occupation can do amazing things. Contact Rusty Rueff, rusty(@)rueff.com .
  5. Take a regional leadership role. Innovators for Biden is now establishing regional chapters in: NYC, NorCal, SoCal, Northwest, DC, New England, Atlanta, Austin, Dallas, Chicago, and International.  Contact Guicela at Sandoval-LopezG(@)dnc.org.
  6. Download the “Team” app by Tuesday Company on the app store. Tuesday Company helps you leverage your personal relationships and professional expertise to further the causes and candidates you care about.  Disclosure: I’m an Advisor to Tuesday Company.
  7. Contribute to the Biden campaign: https://secure.joebiden.com/onlineactions/K3W1hrzem0S9ecZxawBI4g2?attr=102022344
    or send checks payable to: Biden Victory Fund, 430 South Capitol Street, SE, Washington, D.C. 20003

Lastly, in response to my Republican friends:

I have friends who support Trump because they consider themselves Republicans. According to David Frum, every Republican presidential nominee of the past three decades has put on public record his contempt for and opposition to Donald Trump. They know a lot more than the rest of us about the office of the President. (exception: Bob Dole, 1996.)  I also suggest look up the long list of Trump administration officials turned aggressive critics.

I have friends who support the current President because of his (false reputation for) success in business. I ask them: would you invest in the Trump Organization, a company he still owns?  They’re actively looking to talk with possible investors. If not, why would you want him running the country you live in? If you were an investor in any company with an executive who behaved like Trump, is there any scenario where you would NOT fire him?

I have friends who support Trump because they think Biden is a “socialist” and they think Democrats/”liberals” are terrible for America. Biden was Vice President from 2009 to 2017. I don’t recall America turning socialist or unliveable then. 

I have friends who support Trump because they are libertarian. I used to consider myself libertarian. Then I realized that many social challenges (pandemics most obviously, but also social instability, climate crisis, national security) have no libertarian solution, and in world history there’s never been a true libertarian society. 

I have friends who support Trump because they consider him pro-Israel.  I refer you to Dennis Ross (Why Trump Is Bad for Israel) and Bret Stephens (Donald Trump Is Bad for Israel.) As a counterpoint, Joe Biden wrote an op-ed earlier this year: “My plan to fight anti-Semitism.”

I’ll close with lifelong conservative George Will, who wrote, Trump must be removed. So must his congressional enablers.

Source: https://teten.com/blog/2020/06/19/6-ways-you-can-make-america-functional-again/

Private Equity

Alternative Investments: Accelerate’s Alt ETFs Now On RBC Dominion Securities A+ Platform

Accelerate Financial Technologies Inc announced this week that its alternative ETFs have been added to the RBC Dominion Securities A+ platform. RBC Dominion Securities describes the A+ as the next level of wealth management.

Avatar

Published

on

Alternative Investments: Accelerate’s Alt ETFs Now On RBC Dominion Securities A+ Platform

https://platodata.net/wp-content/uploads/2020/10/alternative-investments-accelerates-alt-etfs-now-on-rbc-dominion-securities-a-platform.jpg

The A+ is for you if “you require serious investment management for your serious money.”

Accelerate Financial Technologies Inc announced this week that its alternative ETFs have been added to the RBC Dominion Securities A+ platform.

RBC Dominion Securities describes the A+ as the next level of wealth management.

For select clients with serious money, the platform provides greater convenience, customization, RBC’s Unified Managed Account technology, access to elite money managers worldwide, and tax efficiency.

Accelerate’s Alt ETFs on RBC A+

The range of alternative ETFs from Accelerate allows investors to diversify beyond stocks and bonds by including alternative asset classes in their portfolios.

The firm is known as a pioneer in institutional caliber alternative ETFs including hedge fund and private equity ETFs. It claims it is “disrupting the asset management industry by offering performance-oriented alternative investment strategies previously reserved for wealthy investors at a fee significantly lower than competitors.”

“We are pleased to be chosen by RBC Dominion Securities, a global leader in wealth management, as one of the select group of high-quality investment managers on the exclusive A+ platform for RBC Dominion Securities advisors and their clients,” said Accelerate CEO Julian Klymochko. “In an era of rock-bottom interest rates and record-high stock market volatility, we are pleased to provide investors with diversification, alternative yield, and alpha generation solutions through alternative investment strategies including absolute return, arbitrage, enhanced equity, and private equity replication.”

Selected ETFs

The alternative ETFs on the RBC Dominion Securities A+ platform include:

  • Accelerate Absolute Return Hedge Fund (TSX: HDGE) – a diversified, liquid, and performance-oriented long-short equity hedge fund
  • Accelerate Arbitrage Fund (TSX: ARB) – provides exposure to SPAC arbitrage and merger arbitrage investment strategies
  • Accelerate Enhanced Canadian Benchmark Alternative Fund (TSX: ATSX) – combines exposure to the S&P/TSX 60 plus a long-short Canadian equity overlay
  • Accelerate Private Equity Alpha Fund (TSX: ALFA) – designed to provide investors with private equity-like investment returns

Related Story:  Liquid Alt ETF Provider Accelerate Offers Ready-Made Alternative Investment Strategy                                                

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

Shape

Latest Alternative Investment News

Source: https://dailyalts.com/accelerates-alt-etfs-now-on-rbc-dominion-securities-a-platform/

Continue Reading

Private Equity

Venture Capital: AgTech Startup Benson Hill Lands $150M

Benson Hill, an agtech startup based in St. Louis, announced Thursday its close of a $150 million Series D round led by Wheatsheaf and GV (formerly Google Ventures). It uses biotechnology and data science to enhance the nutritional qualities and sustainability of crops.

Avatar

Published

on

Venture Capital: AgTech Startup Benson Hill Lands $150M

https://dailyalts.com/wp-content/uploads/2020/10/light-switch-field-bensonhill.jpg

Benson Hill uses biotechnology and data science to enhance the nutritional qualities and sustainability of crops.

Benson Hill, an agtech startup based in St. Louis, announced Thursday its close of a $150 million Series D round led by Wheatsheaf and GV (formerly Google Ventures).

The company said other strategic and ESG focused investors also participated. These included Argonautic Ventures, Caisse de dépôt et placement du Québec (CDPQ), Emart, GS Group, Louis Dreyfus Company, iSelect Fund, Fall Line Capital, Mercury Fund, Prelude Ventures, Prolog Ventures, S2G Ventures, and additional strategic and family office investors.  (FOOD navigator-USA.com)

Benson Hill technology

Benson Hill uses biotechnology, data science, and AI to enhance the nutritional qualities, flavor, and sustainability of crops and vegetables.

The firm’s “Cloud Biology” is the fusion of data, machine learning, and AI techniques with biology. Its “CropOS” is a proprietary platform that facilitates the accessibility and actionability of Cloud Biology.

The CropOs platform uses plant phenotyping, predictive breeding, and environmental modeling algorithms to better control the plant breeding process and realize these advantages:

  • Produces plants that are highly productive, highly nutritious, and better tasting
  • Better texture
  • Reduce the number of processing steps
  • Reduce the need for additives
  • Grow plants that “do more with less,” thus boosting sustainability

The company’s work so far has been concentrated around soybeans.

Its new, ultra-high-protein (UHP) soy products spiked the interest of investors. They come from a highly productive non-GMO soybean that is rich in oleic oil content.

Use of funds

Benson Hill plans the commercial launch of the first Ultra-High Protein soybean varieties in 2021, among other product launches.

It also plans to expand its team by adding top talent and continue the development of Cloud Biology and CropOS.

“As a society, we’re at a crossroads made more evident as the pandemic has revealed strengths and vulnerabilities in our food system,” said Matt Crisp, Benson Hill CEO. “Food choices that create enjoyment, make us stronger, and help preserve our environment need to be accessible to everyone, and the power of plant diversity and technology innovation can help fuel that evolution.

Related Story:   Smart Farm Technology To Take The Drudge Out of Plant Breeding

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

Shape

Latest Alternative Investment News

Source: https://dailyalts.com/agtech-startup-benson-hill-lands-150m/

Continue Reading

Private Equity

FinTech: Alliance Data Buys BNPL Fintech Bread For $450M

Alliance Data Systems (NYSE: ADS) said Thursday that it will acquire Bread and its digital platform for $450 million of which $100 will be paid through Alliance stock. The transaction would expand Alliance Data’s own digital offerings by including buy-now-pay-later (BNPL) products.

Avatar

Published

on

FinTech: Alliance Data Buys BNPL Fintech Bread For $450M

https://dailyalts.com/wp-content/uploads/2020/10/DSC02228_CROP_03-bread.jpg

Alliance Data will pay in cash and stock for the acquisition.

Alliance Data Systems (NYSE: ADS) said Thursday that it will acquire Bread and its digital buy-now-pay-later (BNPL) platform for $450 million of which $100 will be paid through Alliance stock.

The transaction would expand Alliance Data’s own digital offerings by including BNPL products. BNPL is a major trend now that consumers have embraced the interest-free, zero-fee facility to pay in installments. Alliance is a provider of data-driven marketing, loyalty, and payment solutions. (Alliance)

Digital BNPL is particularly popular with millennials and the younger set. They prefer not to run up credit card debt and like the speed and convenience. The technology and products acquired from Bread will address this segment of the population.

Bread already has tie-ups with merchants such as online jewelry seller Noémie, the luxury watch seller Hublot and Newton Baby, the crib mattress provider.

BNPL customer experience

“Bread’s flexible, easily-integrated payment solutions, coupled with Alliance Data’s Enhanced Digital Suite, will improve the digital customer experience and support increased acquisition and checkout rates, offering the best payment product to the right consumer at pivotal moments in the customer’s online shopping journey,” Alliance said in a statement.

Alliance intends to leverage Bread’s solutions along with its own existing private label, general-purpose and commercial products.

COVID-19

Its brand partners will therefore get another advantage in the eCommerce channel, with online businesses already getting a boost from COVID-19.

“With the timing of the holiday season upon us, the COVID-19 pandemic has accelerated the adoption of digital technologies, and perhaps nowhere as significantly as in financial services and payments,” said Val Greer, chief commercial officer, Alliance Data.

BNPL is now crowded with cash-rich players

Payments giant PayPal (NASDAQ: PYPL) announced in August that it would begin offering BNPL services, recognizing that COVID-19 had triggered a dramatic increase in their popularity.

Other players in the BNPL field include Klarna, Affirm, Afterpay, and Quadpay.

In a recent study, Tech Crunch found that PayPal had the highest retailer coverage with a presence of 65% retailers. Afterpay was a distant second at 10%, then Affirm 6%, Klarna 5%, and QuadPay 2%.

The study concluded that PayPal was primed to dominate the BNPL wars.

Related Story:   PayPal Challenges Klarna In U.K. BNPL Tussle                                                

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

Shape

Latest Alternative Investment News

Source: https://dailyalts.com/alliance-data-buys-bnpl-fintech-bread-for-450m/

Continue Reading
Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Blockchain3 hours ago

Venture Capital3 hours ago

Venture Capital3 hours ago

Venture Capital3 hours ago

Venture Capital3 hours ago

Venture Capital3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Saas3 hours ago

Startup3 hours ago

WHO warned world leaders to stop using lockdowns as a ‘primary control method’ for the pandemic

Press Releases3 hours ago

New E-Book Aims to Eradicate Most Student Loan Debt While Fighting Hunger Too

Press Releases4 hours ago

Community First Bancorporation Announces Third Quarter 2020 Financial Results

Blockchain4 hours ago

Sleepy Swiss town launches Tezos-backed Coronavirus aid program

Blockchain4 hours ago

Italian Technician Sets Up Ethereum Mining Farm Using Airport Computers: Report

Blockchain4 hours ago

Crypto.com Coin, Maker, Ethereum Classic Price Analysis: 31 October

Press Releases4 hours ago

Proposition 24 Would Help Protect Californians From Online Hackers

Blockchain5 hours ago

DAI’s growth is crucial to DeFi, here’s why

Blockchain5 hours ago

Ethereum, Stellar Lumens, Basic Attention Token Price Analysis: 31 October

Press Releases5 hours ago

Sheremetyevo Airport Prepares Infrastructure and Equipment for Sustainable Winter Operations

Press Releases5 hours ago

The Islands Of The Bahamas Announces Updated Travel And Entry Protocols

Press Releases6 hours ago

Pritzker Hageman Food Safety Lawyers File E.coli Lawsuit for Client Sickened After Consuming Food at Chipotle

Blockchain6 hours ago

Analyst: Ethereum Could Rally Towards $432 if Bulls Flip One Key Level

Blockchain6 hours ago

Institutions are Bitcoin’s latest hodlers, here’s why

Blockchain6 hours ago

Litecoin, Zcash, BitTorrent Price Analysis: 31 October

Trending