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Texas Tech AD apologizes to team after firing Stollings | Fort Worth Business Press

texas tech ad apologizes to team after firing stollings | fort worth business press

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LUBBOCK, Texas (AP) — Texas Tech athletic director Kirby Hocutt publicly apologized Friday to players on the women’s basketball team for what they experienced under fired coach Marlene Stollings.Stollings was fired Thursday, a day after a scathing newspaper report alleging a culture of abuse in her program. Hocutt said Friday that the school had already conducted an in-depth review of the coach’s two seasons with the program before that report.“We have failed them and we have to do better. They are strong. And I appreciate the strength and the courage that they have displayed,” Hocutt said about the players.Hocutt said Stollings’ contract was terminated “with cause based on objectionable behavior.” That distinction would relieve Texas Tech from financial obligations for the final four seasons remaining on the deal.Assistant coach Mikita Lowry Dawkins was also fired.Players made claims of abuse over the past two years in season-ending exit interviews that were obtained through an open records request by The Intercollegiate, an investigative media outlet for college sports. The details were published by USA Today.That report indicated that players dreaded a heart monitoring system they said was misused in punitive ways, had to endure demeaning …

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Which other US tech hubs step up chase for Israeli startups? Now that COVID chaos haunts NYC

which other us tech hubs step up chase for israeli startups? now that covid chaos haunts nyc

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With COVID-19 ravaging most of the United States, the Northeast initially bore the brunt of the virus early in the spring. While there was a great deal we did not know about the virus at the time, many of the hard lessons were learned in the Northeast. But as American and Israeli ecosystems have shown, the tech community has been resilient, particularly with work-from-home protocols and the fact that venture capital is still being deployed in the ecosystem.Once we ease into the ‘new normal’, Israeli startups are still going to need to enter the US market, and while the number of employees making the move may change, companies are going to need a physical presence in the States. Even before the pandemic, many small cities focused on economic development and worked to lure startups (Israeli or otherwise), and that trend has been accelerated due to the migration of professionals from major tech regions like New York and San Francisco.As things are still developing, we do not know what the new normal will look like, but as it seems now, the Northeast United States looks to be the part of the country whose policies are going to allow a …

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Australian startups push for bigger role in vaccine making

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“This is a major problem in Australia whereas the US government mandates that a proportion of even the largest procurement contracts must flow to small to medium sized enterprises.”Vaxine is planning its phase two and three trials of its COVAX-19 product and has been looking overseas for broad-scale manufacturing options given Australia would not have capacity to produce its doses onshore.The company is hopeful it can work with the Australian government to deploy its vaccine locally if successful but has not yet been able to engage policymakers in that conversation.A spokesman for Health Minister Greg Hunt said the government was working on a range of fronts to secure vaccine supply for Australians. “Negotiations are well underway with COVID-19 vaccine developers on access and supply. The Australian government is considering advance purchasing options as well as local manufacturing options,” the spokesman said.The government acknowledges that its key focus has been engaging biotechnology giant CSL in manufacturing.”Our clear expectation and intention is to be able to provide manufacturing onshore through CSL either being a producer of Australian vaccines or producing under licence for an overseas vaccine supplier,” the spokesman said.Contract manufacturers say CSL is best placed …

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What’s Next: In bets on future, startup investment remains healthy as deals keep getting done

what’s next: in bets on future, startup investment remains healthy as deals keep getting done

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Southeast Michigan’s technology startup community has spent several years on the come up as companies woo more investment and some achieve “unicorn” status with valuations of $1 billion or more. The onset of the coronavirus pandemic, and the still-present economic uncertainty that has resulted, has slowed some of that investment, but by and large, most experts remain confident that the growth of startups in the region will continue. What we’ve learned: For starters, many startup founders have found ways to pivot their business models to remain relevant and operational during the pandemic and ensuing lockdowns. Delivery services for food and other various staples remains a popular trend, and companies like Detroit-based ToDoolie Inc. and Ann Arbor-based Refraction AI have found ways to get by by tapping into those markets.All told, the pandemic and resulting economic crisis have been disruptive to the startup community in the United States, as well as the venture capital investors so many count on. But it’s been “hardly apocalyptic,” as put in a recent report by Pitchbook and the National Venture Capital Association.”Much of the slowdown occurred during the early part of the (second) quarter, when uncertainty over COVID-19’s impact on the economy was …

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Quantum Leaps In Technology Further Evolve Accessories For Pre Fall 2020

quantum leaps in technology further evolve accessories for pre fall 2020

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Facing a violently changing world, today’s executives will soon have to deal with challenges that were non-existent seven months ago. In a word, we now live in a culture of extremes. In a current work climate that has forcefully pushed office time into a great level of uncertainty, building for the unknown might just be the right path on the new journey into un-chartered territory. Quantum leaps in technology are necessary for the newest accessories in womenswear 2020. Entirely fresh styles and materials —along with new production methods that have never been seen before. Moreover, dressing in polished business attire (at home) during office hours— increases productivity. Now, more than ever, the American workforce needs to operate the very best possible to keep the engine running until we reach safe ground.
Made from highly responsive material that performs amazingly well in the real world, the luxury women’s accessories line-up for late summer-pre-fall is built from advanced high-performance materials that breath with ease and race into the future. And while this is the kind of tech that would normally end up in apparel, new product offerings are taking accessories to the next level.
The accessory market segmentation is discovering what …

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The Weekly Notable Startup Funding Report: 8/10/20 – AlleyWatch

the weekly notable startup funding report: 8/10/20 – alleywatch

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ChargePoint
$127.0M – Series H

Campbell-based ChargePoint develops and manufactures technology for their network of electrical vehicle charging stations. Founded by Dave Baxter, Harjinder S. Bhade, Milton T. Tormey, Praveen Mandal, and Richard Lowenthal in 2007, ChargePoint has now raised a total of $658.2M in total equity funding and is backed by investors that include American Electric Power, Braemar Energy Ventures, Canada Pension Plan Investment Board, Chevron Technology Ventures, Clearvision Ventures, GIC, Linse Capital, and Quantum Energy Partners.

Crossbeam
$25.0M – Series B

Philadelphia-based Crossbeam finds overlapping customers and prospects with your partners while keeping the rest of your data private and secure. Founded by Bob Moore and Buck Ryan in 2018, Crossbeam has now raised a total of $40.9M in total equity funding and is backed by investors that include FirstMark, Okta Ventures, Partnership Leaders, Redpoint, Salesforce Ventures, Slack Fund, and Uncork Capital.

Farmers Business Network
$250.0M – Series F

San Carlos-based Farmers Business Network is a farmer-to-farmer network developed to help farmers optimize their financial performances. Founded by Amol Deshpande and Charles Baron in 2014, Farmers Business Network has now raised a total of $571.4M in total equity funding and is backed by investors that include Balyasny Asset Management, Baron Capital, …

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Startups Weekly: What countries want your startup?

startups weekly: what countries want your startup?

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Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7am PT). Subscribe here.
They say business needs certainty to succeed, but new tech startups are still getting funded aggressively despite the pandemic, recession, trade wars and various large disasters created by nature or humans. But before we get to the positive data, let’s spend some time reviewing the hard news — there is a lot of it to process.
TikTok is on track to get banned if it doesn’t get sold first, and leading internet company Tencent’s WeChat is on the list as well, plus Trump administration has a bigger “Clean Network” plan in the works. The TikTok headlines are the least significant part, even if they are dominating the media cycle. The video-sharing social network is just now emerging as an intriguing marketing channel, for example. And if it goes, few see any real opening in the short-form video space that market leaders aren’t already deep into. Indeed, TikTok wasn’t a startup story since the Musical.ly acquisition. It was actually part of an emerging global market battle between giant internet companies, that …

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How I accidentally gatecrashed a startup’s morning meeting

how i accidentally gatecrashed a startup’s morning meeting

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There’s a certain kind of panic that at some point gets us all.
You just got to work but did you leave the oven on at home? The gut-punch “call me ASAP” message from your boss but now they’re not answering their phone. Or that moment you unexpectedly see your camera light flash on your computer and you’re suddenly in a video call with a ton of people you don’t know.
Yes, that last one was me. In my defense it was only slightly my fault.
I got a tip about a new security startup, with fresh funding and an idea that caught my interest. I didn’t have much to go on, so I did what any curious reporter did and started digging around. The startup’s website was splashy, but largely word salad. I couldn’t find basic answers to my simple questions. But the company’s idea still seemed smart. I just wanted to know how the company actually worked.
So I poked the website a little harder.
Reporters use a ton of tools to collect information, monitor changes in websites, check if someone opened their email for comment, and to navigate vast …

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Why Startups Going Out Of Business Is Not Necessarily A Bad Thing

why startups going out of business is not necessarily a bad thing

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The title of this article may incite anger, and understandably so, especially if you are running or working at a company that is struggling during these testing times. But bear with me, and you would see how the Covid-19 induced economic hardship is not as bad as it seems for the overall startup ecosystem.In this piece, I argue that economies evolve through cycles of growth and shrinkage and that the overall health of an ecosystem, much like the Amazon forest, depends on the constant reinvention of various species. For the jungle to thrive and sustain, an act of “creative destruction” is not only inevitable but also, sometimes, urgent. And we are amid those times.A recent report by NASSCOM puts the COVID-19 induced mortality rate for startups at as high as 40% and states that about 70% of tech start-ups have a runway of less than 3 months. The results are based on a survey of 250 startups, of which 60% are bootstrapped and over 70% are in early and mid-stage tech tenure. Once you pay attention to the profile and the sheer size of startups you quickly understand that the picture is not as bad as it seems. When was the startup mortality rate …

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These three startups were recently accused of misstating their financial information, highlighting how little such companies may have to disclose to their VC backers and other investors

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Recent alleged financial misstatements at a trio of startups highlights the much lower reporting standards for private companies.Unlike public companies, private ones aren’t required by law to have their results independently audited,  and they aren’t mandated to release quarterly or annual reports.What information such companies do disclose to their investors is typically governed by the contracts the two parties sign when investors buy stakes in the companies, but those agreements can allow the companies to limit the information they share with earlier backers or those with fewer shares.Although financial shenanigans can take place at both private and public companies, the fact that there’s less information available to investors about private companies can make it harder for investors to assess their performance, startup experts told Business Insider.Visit Business Insider’s homepage for more stories.

One of the benefits private companies enjoy is they don’t have to follow all the rules that govern publicly traded ones, particularly when it comes to disclosing their financial information.Those companies’ investors may not have accurate or up-to-date information about them — and their management teams might be able to engage in financial shenanigans or even fraud a bit more easily — sometimes causing the …

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