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Venture Capital

TikTok and the Cloud Wars, Amazon’s Store Habit

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The jockeying for ownership of TikTok seems to be turning into a subplot in the cloud wars. The unlikely cast of suitors—and almost-suitors—include database giant Oracle, Google (which reportedly considered and decided against a bid) and, of course, Microsoft. These are the same companies that have been waging a bare-knuckled battle for years to steal share and prestige customers from Amazon, the dominant cloud provider. 

And now Walmart has entered the picture, teaming with Microsoft on a joint offer for TikTok. Two years ago, Microsoft inked an expansive, five-year deal with the retailer, which helped Microsoft build credibility for its Azure cloud service. That, in turn, was good for Walmart, which doesn’t want Amazon—its retail nemesis—to walk away with the cloud market unchallenged. 

Source: https://www.theinformation.com/articles/tiktok-and-the-cloud-wars-amazons-store-habit

Venture Capital

Impeding Freedom?

Where did the notion that freedom means being able to walk around without a mask during COVID with an AK47 slung over ones shoulder? In NYC if you are pulled over for not wearing a seatbelt you can receive a ticket and get up to three points on your license. 50% of drivers who are […]

The post Impeding Freedom? appeared first on Gotham Gal.

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Where did the notion that freedom means being able to walk around without a mask during COVID with an AK47 slung over ones shoulder?

In NYC if you are pulled over for not wearing a seatbelt you can receive a ticket and get up to three points on your license. 50% of drivers who are killed in a car accident were not wearing a seat belt. Seatbelts save roughly 15,000 people’s lives a year. It is a safety issue for everyone.

Since 1980, MADD (Mothers Against Drunk Driving) have saved almost half a million lives. Most states consider drunk driving a felony. I support that drunk driving is illegal so people don’t do it.

You can’t get a drivers license until a certain age, depending on the state. You can’t buy liquor until you are 21. Cigarettes can’t be bought until you are 18. Can’t vote until you are 18. Can’t sign up for the military until you are 18. Can’t work until you are 18 unless it is a certain kind of part-time job as in kids in this country are not sitting at factories working at 13. All of these are laws that our country holds for a reason. Is that taking away our freedom?

Both drunk driving and seat belt wearing have had non-profit organizations do a great job of educating people to obey the rules. Is that impeding freedom? You can’t murder someone, you can’t break into someone’s home, you can’t steal someone else’s property, you have to pay your taxes and you have to send your kids to school vaccinated. Those are just a few laws that create a civilized society.

The politicalization of mask wearing has created this anger from many who believe that wearing a mask is taking away their freedom. I have seen nurses in North Dakota describe how people are dying in hospitals and refuse to believe that they have COVID because it doesn’t exist and die angry instead of connecting with their loved ones. How awful is that?

How about the freedom of those trying to not get COVID? Would those people feel the same way if someone broke the law by driving drunk without a seat belt that crashed into their families car and ended up killing someone they loved?

Masks save the spread of COVID. Anyone who protests that wearing a mask is impeding their freedom should be locked up inside their house where they can walk around without a mask until the pandemic comes to a close.
Perhaps there should be a law around that.

Source: https://gothamgal.com/2020/11/impeding-freedom/?utm_source=rss&utm_medium=rss&utm_campaign=impeding-freedom

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Private Equity

GlaxoSmithKline spinout SR One strikes $500m hard cap for debut independent fundraise

Transatlantic biotech investor SR One has raised its first fund in the wake of spinning out from pharmaceutical giant GlaxoSmithKline.

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Transatlantic biotech investor SR One has raised its first fund in the wake of spinning out from pharmaceutical giant GlaxoSmithKline.

SR One has hauled in $500m for the oversubscribed vehicle, with GSK the largest investor in the fund. Other LPs include institutional asset managers, endowments, foundations, pension funds and family offices.

The firm said it would use the fund to build elite biotechnology companies developing innovative medicines that address significant unmet needs.

SR One CEO Simeon George, who has been with the firm since 2007, said, “Our spin-out from GSK and successful raise of a new independent fund provide a foundation for SR One’s next chapter, enabling us to scale our investment strategy and build upon our track record of success.

“Joining our core team in Europe are Venture Partners Rodger Novak and Eliot Charles, who played key founding roles in SR One portfolio companies CRISPR Therapeutics and Principia Biopharma, respectively.”

Goldman Sachs acted as the sole global placement agent for the fundraise, while Kirkland & Ellis acted as counsel to SR One.

Copyright © 2020 AltAssets

Source: https://www.altassets.net/private-equity-news/by-pe-sector/venturegrowth/glaxosmithkline-spinout-sr-one-strikes-500m-hard-cap-for-debut-independent-fundraise.html

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Private Equity

Ashton Kutcher’s VC firm Sound Ventures eyes another $150m fundraise

Hollywood actor Ashton Kutcher and talent manager Guy Oseary are back in the venture capital fundraising market eyeing $150m for their third Sound Ventures fund.

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Hollywood actor Ashton Kutcher and talent manager Guy Oseary are back in the venture capital fundraising market eyeing $

Source: https://www.altassets.net/private-equity-news/by-pe-sector/venturegrowth/ashton-kutchers-vc-firm-sound-ventures-eyes-another-150m-fundraise.html

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