Intense Exercise Could Curb Your Appetite, Study Suggests

In a study done with mice, horses and people, researchers found clues as to which types of exercise suppress appetite and why.

#exercise, #food, #obesity, #research, #stanford-university, #weight

A feud over fossil fuel money

Some faculty and students at Stanford want the university to reject industry donations. It’s the latest clash in a wider battle over whether to shun oil and gas money.

#global-warming, #greenhouse-gas-emissions, #internal-storyline-no, #internal-sub-only-nl, #mergers-acquisitions-and-divestitures, #oil-petroleum-and-gasoline, #stanford-university

Bolt Built $11 Billion Payments Business With Inflated Metrics and Eager Investors

The start-up has had a meteoric rise, thanks to its charismatic co-founder, Ryan Breslow. But he sometimes stretched the truth to get there.

#advertising-and-marketing, #authentic-brands-group, #blackrock-inc, #brooks-brothers, #e-commerce, #entrepreneurship, #fashion-and-apparel, #forever-21, #shopify-inc, #shopping-and-retail, #stanford-university, #start-ups, #stripe-inc, #venture-capital

Can Business Schools Really Help Us ‘Reimagine Capitalism’?

It’s not your grandfather’s M.B.A.

#business-schools, #capitalism-theory-and-philosophy, #colleges-and-universities, #executives-and-management-theory, #humanities, #psychology-and-psychologists, #sociology, #stanford-university, #university-of-toronto

John Doerr Gives Stanford $1.1 Billion for Climate School

The billionaire venture capitalist said the study of climate change and sustainability would be the “new computer science.”

#colleges-and-universities, #doerr-john, #global-warming, #greenhouse-gas-emissions, #philanthropy, #stanford-university

Obama Calls for More Oversight of Social Media in Speech at Stanford

Tech companies’ power has “turbocharged” political division and requires government scrutiny, the former president said in a speech at Stanford University.

#alphabet-inc, #computers-and-the-internet, #corporate-social-responsibility, #google-inc, #obama-barack, #palo-alto-calif, #politics-and-government, #project-democracy, #regulation-and-deregulation-of-industry, #rumors-and-misinformation, #social-media, #speeches-and-statements, #stanford-university, #tiktok-bytedance, #youtube-com

New DNA Analysis Supports an Unrecognized Tribe’s Ancient Roots in California

A collaboration between researchers and the Muwekma Ohlone Tribe offers new evidence that their ancestors have lived in the Bay Area for thousands of years.

#archaeology-and-anthropology, #genetics-and-heredity, #muwekma-ohlone, #native-americans, #proceedings-of-the-national-academy-of-sciences, #research, #san-francisco-bay-area-calif, #stanford-university, #university-of-illinois-urbana-champaign, #your-feed-science

We Can Limit Global Warming If We Don’t Waste Time

We don’t know exactly what a net-zero emissions energy system will look like, but we know enough to keep us busy for at least a decade.

#alternative-and-renewable-energy, #carbon-capture-and-sequestration, #electric-power-research-institute, #global-warming, #greenhouse-gas-emissions, #intergovernmental-panel-on-climate-change, #solar-energy, #stanford-university

Paige Bueckers Has Performed in Minneapolis Before

In December, UConn’s star player had an ugly knee injury. On Friday night, she will try to lead her team to a national title game.

#auriemma-geno, #basketball-college, #bueckers-paige-2001, #colleges-and-universities, #national-collegiate-athletic-assn, #ncaa-basketball-championships-women, #stanford-university, #university-of-connecticut

Women’s Final Four: Schedule and Analysis

On Friday, Louisville and South Carolina face off in a matchup of No. 1 seeds, followed by No. 2 Connecticut against No. 1 Stanford. The women’s national championship game is Sunday.

#basketball-college, #boston-aliyah-2001, #brink-cameron-2001, #bueckers-paige-2001, #colleges-and-universities, #espn, #henderson-destanni-1999, #minneapolis-minn, #national-collegiate-athletic-assn, #ncaa-basketball-championships-women, #north-carolina-state-university, #staley-dawn, #stanford-university, #university-of-connecticut, #university-of-south-carolina, #van-lith-hailey-2001

Women’s Final Four: South Carolina, Stanford, Louisville, and UConn Remain

The Final Four features three No. 1 seeds, South Carolina, Stanford and Louisville, and the blue blood Connecticut. But it hasn’t been an easy tournament for favorites.

#auriemma-geno, #basketball-college, #bueckers-paige-2001, #ncaa-basketball-championships-women, #staley-dawn, #stanford-university, #university-of-connecticut, #university-of-louisville, #university-of-south-carolina, #vanderveer-tara

The N.C.A.A. Undervalued Women’s Basketball. Marketers Didn’t.

The N.C.A.A. had to confront its inequitable handling of its Division I women’s tournament. This year, the women are enjoying an endorsement windfall.

#advertising-and-marketing, #bueckers-paige-2001, #national-collegiate-athletic-assn, #ncaa-basketball-championships-women, #prince-sedona, #social-media, #stanford-university, #title-ix-gender-discrimination-legislation, #university-of-connecticut, #women-and-girls

Stanford Wins a Rematch With Texas and a Trip to the Final Four

Stanford, a No. 1 seed, took one of its three losses this season in November against Texas, but it bested the Longhorns on Sunday to reach the national semifinals.

#basketball-college, #brink-cameron-2001, #ncaa-basketball-championships-women, #schaefer-vic-1961, #stanford-university, #university-of-texas-at-austin, #vanderveer-tara

Women’s March Madness: Elite 8 Schedule, Tip Times and Analysis

No. 1 seed South Carolina plays No. 10 seed Creighton (7 p.m. Eastern, ESPN). No. 1 seed Stanford plays No. 2 seed Texas (9 p.m. Eastern, ESPN).

#creighton-university, #ncaa-basketball-championships-women, #stanford-university, #university-of-south-carolina, #university-of-texas-at-austin

N.C.A.A. Women’s Tournament: South Carolina and Texas Advance to the Round of 8

South Carolina, the top overall seed, beat North Carolina, while Texas topped Ohio State in a game that came down to the final seconds.

#basketball-college, #creighton-university, #iowa-state-university, #national-collegiate-athletic-assn, #ncaa-basketball-championships-women, #north-carolina-state-university, #ohio-state-university, #schaefer-vic-1961, #stanford-university, #university-of-connecticut, #university-of-north-carolina, #university-of-notre-dame, #university-of-south-carolina, #university-of-texas-at-austin

N.C.A.A. Women’s Tournament: What to Watch as the Round of 16 Begins

All four No. 1 seeds remain and two, South Carolina and Stanford, are in action on Friday, as is Creighton, one of two No. 10 seeds still in the field.

#basketball-college, #creighton-university, #iowa-state-university, #national-collegiate-athletic-assn, #ncaa-basketball-championships-women, #north-carolina-state-university, #ohio-state-university, #schaefer-vic-1961, #stanford-university, #university-of-connecticut, #university-of-north-carolina, #university-of-notre-dame, #university-of-south-carolina, #university-of-texas-at-austin

How Sedona Prince Spurred the Conversation on Equity in March Madness

Sedona Prince’s viral TikTok from the 2021 N.C.A.A. women’s tournament led to a gender equity review in college basketball and to changes in the women’s event.

#auriemma-geno, #basketball-college, #bueckers-paige-2001, #close-cori-1971, #curry-stephen, #emmert-mark, #kaplan-roberta-a, #national-collegiate-athletic-assn, #ncaa-basketball-championships-women, #prince-sedona, #staley-dawn, #stanford-university, #university-of-oregon, #vanderveer-tara, #womens-rights

N.C.A.A. Women’s Bracket: Double-Digit Seeds Could Be the Ones to Watch

All four of the top teams — Stanford, South Carolina, North Carolina State and Louisville — look vulnerable this year.

#basketball-college, #ncaa-basketball-championships-women, #north-carolina-state-university, #stanford-university, #university-of-louisville, #university-of-south-carolina

Private Equity Investor Sentenced to 15 Months in College Bribery Case

Prosecutors said John Wilson, 62, of Lynnfield, Mass., paid more than $1.2 million to ensure that his three children would be admitted to elite universities as purported Division I athletic recruits.

#abdelaziz-gamal, #admissions-standards, #college-admissions-scandal-2019, #colleges-and-universities, #harvard-university, #singer-william-1960, #stanford-university, #university-of-southern-california, #wilson-john-b-1959

John Arrillaga Sr., Who Helped Build Silicon Valley, Dies at 84

Starting in the 1960s, he developed the area’s farmland into office parks that housed fast-growing technology companies.

#arrillaga-john-sr-1937-2022, #colleges-and-universities, #computers-and-the-internet, #deaths-obituaries, #peery-arrillaga-real-estate-firm, #philanthropy, #real-estate-commercial, #silicon-valley-calif, #stanford-university

The Field Is Crowded, but Mostly Behind South Carolina

Increasing parity in women’s college basketball, and a slew of coronavirus interruptions, makes the regular season less predictable. But the Gamecocks still stand out.

#auriemma-geno, #basketball-college, #national-collegiate-athletic-assn, #ncaa-basketball-championships-women, #stanford-university, #university-of-arizona, #university-of-connecticut, #university-of-north-carolina, #university-of-south-carolina

James F. Fries, Who Studied the Good Life and How to Live It, Dies at 83

He showed that while a healthy lifestyle won’t help us live much longer, it can stave off chronic disease and disability until our final years.

#deaths-obituaries, #diet-and-nutrition, #exercise, #fries-james-f-1938-2021, #medicine-and-health, #stanford-university, #take-care-of-yourself-the-complete-illustrated-guide-to-self-care-book

Can an Athlete’s Blood Enhance Brainpower?

Scientists who injected idle mice with blood from athletic mice found improvements in learning and memory. The findings could have implications for Alzheimer’s research and beyond.

#alzheimers-disease, #animal-cognition, #brain, #elderly, #exercise, #longevity, #memory, #mice, #nature-journal, #proteins, #research, #stanford-university, #tests-medical, #veterans, #veterans-affairs-department, #your-feed-science

As We Live Longer, How Should Life Change? There Is a Blueprint.

“The New Map of Life” reimagines education, careers, cities and life transitions for lives that span a century (or more).

#carstensen-laura, #elderly, #government-accountability-office, #longevity, #national-academies-of-the-united-states, #stanford-university

South Carolina Women’s Basketball Soars in Place, Atop the Rankings

The Gamecocks were already ranked No. 1 when they beat Connecticut, but the victory elevated a sense that Coach Dawn Staley is building a perennial title contender.

#basketball-college, #staley-dawn, #stanford-university, #university-of-connecticut, #university-of-maryland, #university-of-south-carolina

A Cog in the College Admissions Scandal Speaks Out

A former sailing coach who took a plea deal for shuffling bribes to Stanford’s athletic program says his colleagues knew where the money was coming from.

#admissions-standards, #bribery-and-kickbacks, #coaches-and-managers, #college-admissions-scandal-2019, #college-athletics, #sailboats-and-sailing, #singer-william-1960, #stanford-university, #vandemoer-john

Two Parents Are the First to Face Trial in College Admissions Scandal

At issue are the parents’ conduct, U.S.C’s admissions practices and possibly the fairness of the college admissions process itself.

#abdelaziz-gamal, #admissions-standards, #college-admissions-scandal-2019, #colleges-and-universities, #harvard-university, #parenting, #singer-william-1960, #stanford-university, #university-of-southern-california, #wilson-john-b-1959

Exoskeleton Suits: A New Device to Help You Walk and Run Better

Scientists are developing devices and clothing that make running and walking easier and more enjoyable.

#laboratories-and-scientific-equipment, #legs, #muscles, #research, #running, #science-journal, #stanford-university

The Pandemic Exodus: Kindergarten Enrollment Drops

As the pandemic took hold, more than 1 million children did not enroll in local schools. Many of them were the most vulnerable: 5-year-olds in low-income neighborhoods.

#charter-schools, #coronavirus-2019-ncov, #coronavirus-reopenings, #e-learning, #education-k-12, #honolulu-hawaii, #income-inequality, #jackson-miss, #philadelphia-pa, #quarantine-life-and-culture, #race-and-ethnicity, #stanford-university, #united-states

Acrew Capital, Jeff Bezos back Colombia-based proptech La Haus’ $100M debt, equity round

La Haus, which has developed an online real estate marketplace operating in Mexico and Colombia, has secured $100 million in additional funding, including $50 million in equity and $50 million in debt financing.

The new capital was obtained as an extension to the company’s Series B, the first tranche of which closed in January. With the latest infusion, Medellin, Colombia-based La Haus has now secured $135 million total for the round and over $158 million in funding since its 2017 inception.

San Francisco Bay Area venture firms Acrew Capital and Renegade Partners co-led the round, which also included participation from Jeff Bezos’ Bezos Expeditions, Endeavor Catalyst, Moore Strategic Ventures, Marc Benioff’s TIME Ventures, Rappi’s Simon Borrero, Maluma, and Gabriel Gilinski. Existing backers who put money in this round include Greenspring Associates, Kaszek, NFX, Spencer Rascoff’s 75 & Sunny Ventures, Hadi Partovi and NuBank’s David Velez. 

Jerónimo Uribe (CEO), Rodrigo Sánchez-Ríos (president), Tomás Uribe (chief growth officer) and Santiago Garcia (CTO) founded the company after Jerónimo and Tomas met Sánchez-Ríos at Stanford University. Prior to La Haus they started and ran Jaguar Capital, a Colombian real estate development company with over $350 million of completed retail and residential projects. 

The company declined to reveal at what valuation the extension was raised, with Sánchez-Ríos saying only that it was “a significant increase” from January.

The Series B extension follows impressive growth for the startup, which saw the number of transactions conducted on its Mexico portal climb by nearly 10x in the second quarter of 2021 compared to the 2020 second quarter. With over 500 homes selling on its platform (via lahaus.com and lahaus.mx) the company is “the market leader in selling new housing in Spanish-speaking Latam by an order of magnitude,” its execs claim.  La Haus expects to have facilitated more than $1 billion in annualized gross sales by the end of the year. 

The startup was founded with the mission of making it easier for people to buy homes and helping “solve LatAm’s extreme housing inequality.” Its end goal is to accelerate access to new housing by both generating and curating supply and demand and then matching it with its technology, noted Sánchez-Ríos. 

“In the last six months, our chief product officer has built a product that allows this to happen 100% digitally,” he said. “Before it would take a lot of time, people involved and visits. We want to provide people looking for a home a similar experience as to people looking for their next flight at delta.com.”

It has done that by embedding its software to developers’ new projects so that it can bring that digital experience to its users. 

“They are able to view the projects on our sites, we match them and then they can see in real time which units of a particular tower are available, and then select, sign and pay for everything digitally,” Sánchez-Río said.

Image credit: La Haus

The need for new housing in the region and other emerging markets in general is acute, they believe. And the pace of building new homes is slow because small and mid-sized developers – who are responsible for building the majority of new homes in Latin America – are cash constrained. At the same time, mortgages are mostly not affordable for consumers, with banks extending only a fraction of the credit to individuals compared to the U.S., and often at far worse terms. 

What La Haus is planning to do with its new capital – particularly the debt portion – is go beyond selling homes via its marketplace to helping extend financing to both developers and potential buyers.It plans to take the proprietary data it has been able to glean from the thousands of real estate transactions conducted on it platform to extend capital to developers and consumers “more quickly, with much lower risk and at better terms.”

Already, what the startup has accomplished is notable. Being able to purchase a home 100% digitally is not that easy even in the U.S. Pulling that off in Latin America – which has historically trailed behind in digital adoption – is no easy feat. By year’s end, La Haus intends to be in every major metropolitan area in Mexico and Colombia. 

Its ultimate goal is to be able to help new, sustainable homes “to be built faster, alleviating the inequality caused by lack of access to inventory.”

To Acrew Capital’s Lauren Kolodny, La Haus is building a solution specific to the issues of Latin America’s housing market, rather than importing business models – such as iBuying – from the U.S.

“For many people in the United States home equity is their largest asset. In Latin America, however, consumers have been challenged with an impenetrable real estate market stacked against consumers,” she wrote via email. “La Haus is removing barriers to home ownership that stifles millions of people from achieving financial security. Specifically, Latin America has no centralized MLS, very costly interest rates, no transactional transparency, and few online informational tools.”

La Haus, Kolodny added, is breaking down these barriers by consolidating listings online, offering pricing transparency and educating consumers about their financing options.

Acrew first invested in the startup in its $10 million Series A and has been impressed with its growth over time.

“They have a unique focus on new housing — a massive industry worldwide, but especially in emerging markets where new housing is so necessary,” Kolodny said. “The management team…knows real estate in Latin America better than anyone we’ve met.”

For its part, the La Haus team is excited to put its new capital to work. As Sánchez-Río put it, “$50 million goes a lot further in Mexico and Colombia than in the U.S.”

“We are going to be very aggressive in Mexico and Colombia, and plan to go from four to at least 12 markets by the end of the year,” Jeronimo told TechCrunch. “We’re also excited to roll out our financing solution to developers and buyers.”

#acrew-capital, #bezos-expeditions, #colombia, #cto, #david-velez, #finance, #funding, #fundings-exits, #greenspring-associates, #hadi-partovi, #jeff-bezos, #la-haus, #latin-america, #lauren-kolodny, #marc-benioff, #medellin, #mexico, #moore-strategic-ventures, #nubank, #proptech, #real-estate, #recent-funding, #renegade-partners, #retail, #stanford-university, #startup, #startups, #time-ventures, #venture-capital

Nowports raises $16M to build the OS for LatAm’s shipping industry

Nowports, an automated digital freight forwarder in Latin America, has raised $16 million in Series A funding.

Mouro Capital — a venture capital fund focused on fintechs and adjacent businesses that is backed by Banco Santanderled the round for the Monterrey, Mexico-based startup. Foundation Capital also participated in the financing, which included participation from existing backers Broadhaven Ventures, InvestoVC, Monashees, Base10 Partners and Y Combinator.

A number of angels also put money in the round, including Justo.mx founder Ricardo Weder, Luuna’s Carlos Salinas from Luuna and Tinder co-founder Justin Mateen. The investment brings Nowports’ total raised since its 2018 inception to over $24 million.

Nowports raised its initial seed round in 2019 after graduating from Y Combinator’s Winter 2019 batch with a mission to innovate the freight forwarding industry by helping companies improve the import process. Its software and services track freight shipments from ports to destinations across Latin America. Over time, it has expanded its offerings and now also automates insurance policies for, and provides financing, to its clients. 

“In this way, we allow our clients to import and export more, which helps them grow their businesses and improves the foreign trade conditions of the region,” said Nowports CEO and co-founder Alfonso de los Rios.

2020 was a good year for Nowports, which saw its revenue climb by 605% compared to 2019.

“Our 2021 goal is 400% to 600%,” de los Rios told TechCrunch.

The company currently has offices in Mexico, Chile, Colombia, and Uruguay. Nowports plans to use its new capital in part to expand its 160-person team to China, according to de los Rios. It also plans to expand its logistics and financial services and to “solidify its most important routes.”

Image Credits: CEO and co-founder Alfonso de los Rios / Nowports

“With platforms, algorithms with AI and integrations, our platform allows companies to take control of their shipments and plan and predict the best timing to move the freight based on the needs of their own company,” he said at the time of the company’s seed raise. “Our goal with the series A is to position ourselves as the biggest digital freight forwarder in the region and expand our venture financing solution.”

Tens of millions of containers are imported and exported from Latin America each year, and nearly half of them are either delayed or lost due to mismanagement. And, an estimated 50% of shipping containers suffer delays due to disorganized processes or errors during transport, which ends up costing companies billions per year. It’s a big opportunity. And, Nowports pledges to shippers that its digital management software will keep track of each container. 

“Slow, inefficient, and manual processes in international logistics are disassociated from today’s technological world”, said Nowports co-founder and COO Maximiliano Casal. “Customers are looking for solutions that can improve their logistics processes adapted to current challenges of international trade.”

The two co-founders of Nowports met at a program at Stanford University, with de los Rios hailing from a family with deep ties to the shipping industry. He and Casal linked up and the two began plotting a way to make the deeply inefficient industry more modern and transparent. To familiarize himself with the market for which he’d be developing a technology, Casal worked with a freight forwarder in Kansas City that had been operating for more than 30 years.

Michael Sidgmore, co-founder and partner of seed round lead investor Broadhaven Ventures, described the team as “visionaries in the freight forwarding industry who see the ability to build the operating system for the shipping industry, much like Carta has done for equity ownership.”

The need to track and digitize the supply chain process was never more apparent than with the recent blockage of the Suez Canal by the Ever Given, which became a meme that represented the impacts of inefficiencies in the supply chain, Sidgmore said. 

“Nowports has created industry leading technology to help its customers know when to turn starboard or port side,” he added.

Chris Gottschalk, senior advisor of Mouro Capital, said the Nowports platform brings both “transparency and technology” to a global client base.

#articles, #base10-partners, #chile, #china, #co-founder, #colombia, #finance, #financial-services, #foundation-capital, #freight-forwarding, #funding, #fundings-exits, #insurance-policies, #justin-mateen, #kansas-city, #latin-america, #logistics, #mexico, #mouro-capital, #nowports, #operating-system, #recent-funding, #ricardo-weder, #stanford-university, #startup, #startups, #supply-chain, #transport, #uruguay, #venture-capital, #y-combinator

A Stanford Student Mocked the Federalist Society. It Jeopardized His Graduation.

The Stanford student sent a satirical flier that drew a complaint from the conservative group. The university then placed a hold on his diploma.

#colleges-and-universities, #comedy-and-humor, #conservatism-us-politics, #conway-george-t-iii, #demonstrations-protests-and-riots, #elections-attorneys-general, #federalist-society, #freedom-of-speech-and-expression, #hawley-josh-d-1979, #law-schools, #paxton-ken, #stanford-university, #storming-of-the-us-capitol-jan-2021, #tribe-laurence-h, #united-states-politics-and-government

Jeeves emerges from stealth with $131M in debt and equity and a16z as a lead investor

Jeeves, which is building an “all-in-one expense management platform” for global startups, is emerging from stealth today with $131 million in total funding, including $31 million in equity and $100 million in debt financing. 

The $31 million in equity consists of a new $26 million Series A and a previously unannounced $5 million seed round.

Andreessen Horowitz (a16z) led the Series A funding, which also included participation from YC Continuity Fund, Jaguar Ventures, Urban Innovation Fund, Uncorrelated Ventures, Clocktower Ventures, Stanford University, 9 Yards Capital and BlockFi Ventures.

A high-profile group of angel investors also put money in the round, including NFL wide receiver Larry Fitzgerald and the founders of five LatAm unicorns — Nubank CEO David Velez, Kavak CEO Carlos Garcia, Rappi co-founder Sebastian Mejia, Bitso CEO Daniel Vogel and Loft CEO Florian Hagenbuch. Justo’s Ricardo Weder also participated in this round and Plaid co-founder William Hockey put money in the $5 million seed funding that closed in 2020 after the company completed the YC Summer 2020 batch.

The “fully remote” Jeeves describes itself as the first “cross country, cross currency” expense management platform. The startup’s offering is currently live in Mexico — its largest market — as well as Colombia, Canada and the U.S., and is currently beta testing in Brazil and Chile. 

Dileep Thazhmon and Sherwin Gandhi founded Jeeves last year under the premise that startups have traditionally had to rely on financial infrastructure that is local and country-specific. For example, a company with employees in Mexico and Colombia would require multiple vendors to cover its finance function in each country — a corporate card in Mexico and one in Colombia and another vendor for cross-border payments.

Image Credits: Left to right: Jeeves co-founders Dileep Thazhmon and Sherwin Gandhi

Jeeves claims that by using its platform, any company can spin up their finance function “in minutes” and get access to 30 days of credit on a true corporate card, noncard payment rails, as well as cross-border payments. Customers can also pay back in multiple currencies, reducing FX (foreign transaction) fees.

“We’re building an all-in-one expense management platform for startups in LatAm and global markets — cash, corporate cards, cross-border — all run on our own infrastructure,” Thazhmon said. 

“We’re really building two things — an infrastructure layer that sits across banking institutions in different countries. And then on top of that, we’re building the customer-, or end user-facing app,” he added. “What gives us the ability to launch in countries much quicker is that we own part of that stack ourselves, versus what most fintechs would do, which is plug into a third-party provider in that region.” 

Image Credits: Jeeves

Indeed, the company has seen rapid early growth. Since launching its private beta last October, Jeeves says it has grown its transaction volume (GTV) by 200x and increased revenue by 900% (albeit from a small base). In May alone, Jeeves says it processed more transaction volume than the entire year to date, and more than doubled its customer base. It says that “hundreds of companies,” including Bitso, Belvo, Justo, Runa, Worky, Zinboe, RobinFood and Muncher, “actively” use Jeeves to manage their local and international spend. On top of that, it says, the startup has a waitlist of more than 5,000 companies — which is part of why the company sought to raise debt and equity.

The shift to remote work globally due to the COVID-19 pandemic has played a large role in why Jeeves has seen so much demand, according to Thazhmon.

“Every company is now becoming a global company, and the service to employees in two different countries requires two different systems,” he said. “And then someone’s got to reconcile that system at the end of the month. This has been a big reason why we’re growing so fast.”

One of Jeeves’ biggest accomplishments so far, Thazhmon said, has been receiving approval to issue cards from its own credit BIN (bank identification number) in Mexico. It can also run SPEI payments directly on its infrastructure. (SPEI is a system developed and operated by Banco de México that allows the general public to make electronic payments.)

“This gives us a lot of flexibility and allows us to offer a truly unique product to our customers,” said Thazhmon, who previously co-founded PowerInbox, a
Battery Ventures-backed MarTech company that he says grew to $40 million in annual revenue in three years.

Jeeves says it will use the fresh capital to onboard new companies to the platform from its waitlist, scale its infrastructure to cover more countries and currencies as well as do some hiring and expand its product line.

A16z General Partner Angela Strange, who is joining Jeeves’ board as part of the investment, is extremely bullish on the startup’s potential.

Strange says she met Thazhmon about a year ago and was immediately intrigued.

“Not only were they working to provide the financial operating system within a country, starting in Mexico, they were designing their software platform to scale across multiple countries,” she said. “Finally — a multicountry/currency expense management & payouts platform, where increasingly companies have employees and operations in multiple countries from the start and can use a single company to manage their financials.”

Strange, who has been investing in Latin America for the past few years, notes that most companies in the region are unable to get a corporate credit card.

“That’s only the tip of the iceberg,” she told TechCrunch. “It’s cumbersome for companies to make bank to bank payouts, handle wires, and they usually also have expenses in the U.S. (and often other countries) so there is also FX. And they manage multiple bank accounts. Not only is paying hard, reconciliation on the backend takes weeks.”

As such, Strange said, with every country having their own bank transfer system, rules around who can issue a credit card, approved payment processors, currencies and bank accounts — payments and expense management across countries can be complex.

Jeeves, according to Strange, “gets as close to the networks/payment rails as possible” since it has its own issuing credit BIN versus needing to connect through legacy players.

Providing an orchestration layer on top of all the rails gives Jeeves the ability “to handle all the payment and reconciliation complexity” so “their customers don’t have to think about it,” she added.

 

#a16z, #andreessen-horowitz, #andressen-horowitz, #angela-strange, #apps, #bank, #banking, #bitso, #brazil, #canada, #chile, #clocktower-ventures, #colombia, #credit-card, #daniel-vogel, #david-velez, #expense-management, #finance, #financial-infrastructure, #financial-services, #funding, #fundings-exits, #jaguar-ventures, #jeeves, #latin-america, #mexico, #money, #national-football-league, #nfl, #nubank, #online-payments, #operating-system, #payment-card, #payments, #profile, #rappi, #recent-funding, #runa, #software-platform, #stanford-university, #startup, #startups, #tc, #uncorrelated-ventures, #united-states, #urban-innovation-fund, #venture-capital, #william-hockey

Experts from Toyota, Ford and Hyundai will discuss automotive robotics at TC Sessions: Mobility

The events of the past year have only served to accelerate interest in all things robotics and automation. It’s a phenomenon we’ve seen across a broad range of categories, and automotive is certainly no different.

Of course, carmakers are no strangers to the world of robotics. Automation has long played a key role in manufacturing, and more recently, robotics have played another central role in the form of self-driving vehicles. For this panel, however, we’re going to look past those much-discussed categories. Of late, carmakers have been investing heavily to further fuel innovation in the category.

It’s a fascinating space – and one that covers a broad range of cross-sections, from TRI’s (Toyota) Woven City project to Ford’s recent creation of a research facility at U of M to Hyundai’s concept cars and acquisition of Boston Dynamics. At TC Sessions: Mobility on June 9, we will be joined by a trio of experts from those companies for what’s sure to be a lively discussion on the topic.

Max Bajracharya is Vice President of Robotics at Toyota Research Institute. Previously serving as its Director of Robotics, he leads TRI’s work in robotics. He previously served at Alphabet’s X, as part of the Google Robotics team.

Mario Santillo is a Technical Expert at Ford. Previously serving as a Research Engineer for the company, he’s charged with helping lead the company’s efforts at a recently announced $75 million research facility at the University of Michigan, Ann Arbor. The work includes both Ford’s own robotics work, as well as partnerships with startups like Agility.

Ernestine Fu is a director at Hyundai Motor Group. She heads development at the newly announced New Horizons Studio, a group tasked with creating Ultimate Mobility Vehicles (UMVs). She also serves as an adjunct professor at Stanford University, where she received a BS, MS, MBA and PhD.

Get ready to talk robots at TC Sessions: Mobility. Grab your passes right now for $125 and hear from today’s biggest mobility leaders before our prices go up at the door.

 

#alphabet, #boston-dynamics, #companies, #director, #engines, #ernestine-fu, #google, #hyundai-motor-group, #manufacturing, #max-bajracharya, #michigan, #new-horizons, #robot, #stanford-university, #tc, #toyota, #toyota-research-institute, #university-of-michigan

Brazilian proptech startup QuintoAndar lands $300M at a $4B valuation

Fintech and proptech are two sectors that are seeing exploding growth in Latin America, as financial services and real estate are two categories in particular dire need of innovation in a region.

Brazil’s QuintoAndar, which has developed a real estate marketplace focused on rentals and sales, has seen impressive growth in recent years. And today, the São Paulo-based proptech has announced it has closed on $300 million in a Series E round of funding that values it at an impressive $4 billion.

The round is notable for a few reasons. For one, the valuation – high by any standards but especially for a LatAm company – represents an increase of four times from when QuintoAndar raised a $250 million Series D in September 2019.

It’s also noteworthy who is backing the company. Silicon Valley-based Ribbit Capital led its Series E financing, which also included participation from SoftBank’s LatAm-focused Innovation Fund, LTS, Maverik, Alta Park, an undisclosed US-based asset manager fund with over $2 trillion in AUM, Kaszek Ventures, Dragoneer and Accel partner Kevin Efrusy.

Having backed the likes of Coinbase, Robinhood and CreditKarma, Ribbit Capital has historically focused on early-stage investments in the fintech space. Its bet on QuintoAndar represents clear faith in what the company is building, as well as its confidence in the startup’s plans to branch out from its current model into a one-stop real estate shop that also offers mortgage, title, insurance and escrow services.

The latest round brings QuintoAndar’s total raised since its 2013 inception to $635 million.

Ribbit Capital Partner Nick Huber said Quintoandar has over the years built “a unique and trusted brand in Brazil” for those looking for a place to call home.

“Whether you are looking to buy or to rent, QuintoAndar can support customers through the entire transaction process: from browsing verified inventory to signing the final contracts,” Huber told TechCrunch. “The ability to serve customers’ needs through each phase of life and to do so from start to finish is a unique capability, both in Brazil and around the world.”

QuintoAndar describes itself as an “end-to-end solution for long-term rentals” that, among other things, connects potential tenants to landlords and vice versa. Last year, it expanded also into connecting a home buyers to sellers.

Image Credits: QuintoAndar

TechCrunch spoke with co-founder and CEO Gabriel Braga and he shared details around the growth that has attracted such a bevy of high-profile investors.

Like most other businesses around the world, QuintoAndar braced itself for the worst when the COVID-19 pandemic hit last year – especially considering one core piece of its business is to guarantee rents to the landlords on its platform.

“In the beginning, we were afraid of the implications of the crisis but we were able to honor our commitments,” Braga said. “In retrospect, the pandemic was a big test for our business model and it has validated the strength and defensibility of our binsess on the credit side and reinforced our value proposition to tenants and landlords. So after the initial scary moments, we actually felt even more confident in the business that we are building.”

QuintoAndar describes itself as “a distant market leader” with more than 100,000 rentals under management and about 10,000 new rentals per month. Its rental platform is live in 40 cities across Brazil, while its homebuying marketplace is live in 4. Part of its plans with the new capital is to expand into new markets within Brazil, as well as in Latin America as a whole.

The startup claims that, in less than a year, QuintoAndar managed to aggregate the largest inventory among digital transactional platforms. It now offers more than 60,000 properties for sale across Sao Paulo, Rio de Janeiro, Belho Horizonte and Porto Alegre. To give greater context around the company’s growth of that side of its platform: in its first year of operation, QuintoAndar closed more than 1,000 transactions. It has now surpassed the mark of 8,000 transactions in annualized terms, growing between 50% and 100% quarter over quarter.

As for the rentals side of its business, Braga said QuintoAndar has more than 100,000 rentals under management and is closing about 10,000 new rentals per month. The company is not profitable as it’s focused on growth, although it is unit economics are particularly favorable in certain markets such as Sao Paulo, which is financing some of its growth in other cities, according to Braga.

Now, the 2,000-person company is looking to begin its global expansion with plans to enter the Mexican market later this year. With that, Braga said QuintoAndar is looking to hire “top-tier” talent from all over.

“We want to invest a lot in our product and tech core,” he said. “So we’re trying to bring in more senior people from abroad, on a global basis.”

Some history

CEO Braga and CTO André Penha came up with the idea for QuintoAndar after receiving their MBAs at Stanford University. As many startups do, the company was founded out of Braga’s personal “nightmare” of an experience – in this case, of trying to rent an apartment in Sao Paulo.

The search process, he recalls, was difficult as there was not enough information available online and renters were forced to provide a guarantor, or co-signer, from the same city or pay rent insurance, which Braga described as “very expensive.”

“Overall, I felt it was a very inefficient and fragmented process with no transparency or tech,” Braga told me at the time of the company’s last raise. “There was all this friction and high cost involved, just real tangible problems to solve.”

The concept for QuintoAndar (which can be translated literally to “Fifth Floor” in Portuguese) was born.

“Little by little, we created a platform that consolidated supply and inventory in a uniform way,” Braga said.

The company took the search phase online for the first time, according to Braga. It also eliminated the need for tenants to provide a guarantor, thereby saving them money. On the other side, QuintoAndar also works to help protect the landlord with the guarantee that they will get their rent “on time every month,” Braga said.

It’s been interesting watching the company evolve and grow over time, just as it’s been fascinating seeing the region’s startup scene mature and shine in recent years.

#articles, #brazil, #coinbase, #cto, #finance, #financial-services, #funding, #fundings-exits, #kaszek-ventures, #kevin-efrusy, #latin-america, #player, #property-technology, #proptech, #quintoandar, #real-estate, #recent-funding, #renting, #ribbit-capital, #sao-paulo, #series-e, #silicon-valley, #softbank, #stanford-university, #startup, #startups, #techcrunch, #technology, #venture-capital

Yes, Steinbeck Wrote a Werewolf Novel. Don’t Expect to Read It.

A scholar of American literature at Stanford says it’s worth publishing. The agents representing the Steinbeck estate strongly disagree.

#books-and-literature, #manuscripts, #occult-sciences, #ransom-harry-center-the-university-of-texas-at-austin, #souder-william, #stanford-university, #steinbeck-john, #writing-and-writers

Associated Press Begins Review of Social Media Policy After Emily Wilder Firing

The news agency known for unbiased journalism faces criticism from its own staff after a young news associate was dismissed.

#associated-press, #news-and-news-media, #social-media, #stanford-university, #wilder-emily

USWNT’s Catarina Macario Is Just Getting Started

Born in Brazil, developed in the United States and now a pro headed to an important pre-Olympic camp, the 21-year-old forward is proving she belongs alongside the world’s best players.

#andonovski-vlatko, #content-type-personal-profile, #macario-catarina, #olympique-lyonnais-soccer-team, #rapinoe-megan, #soccer, #stanford-university, #united-states-womens-national-soccer-team

How City Hall in New York City Saved Local News

City agencies are spending at least half of their ad budgets on local newspapers and websites. 

#adams-eric-l, #advertising-and-marketing, #biden-joseph-r-jr, #budgets-and-budgeting, #chicago-ill, #city-council-nyc, #corp-for-public-broadcasting, #de-blasio-bill, #executive-orders-and-memorandums, #federal-budget-us, #garcia-kathryn, #minorities, #new-york-city, #new-york-state, #news-and-news-media, #newspapers, #online-advertising, #politics-and-government, #stanford-university, #state-legislatures, #university-of-north-carolina, #wiley-maya

The Kids Are Making ‘Marriage Pacts’ to Distract Themselves From Doom

A dating questionnaire that started as an undergraduate assignment at Stanford has taken off on college campuses.

#colleges-and-universities, #coronavirus-2019-ncov, #dating-and-relationships, #marriages, #online-dating, #quarantine-life-and-culture, #stanford-university

Stanford, Facing Pressure, Reverses Plan to Cut 11 Sports

The change of plans came within weeks of the teams potentially dissolving.

#colleges-and-universities, #fencing-sport, #rowing, #stanford-university, #suits-and-litigation-civil, #tessier-lavigne-marc, #volleyball

Geothermal technology has enormous potential to power the planet and Fervo wants to tap it

Tapping the geothermal energy stored beneath the Earth’s surface as a way to generate renewable power is one of the new visions for the future that’s captured the attention of environmentalists and oil and gas engineers alike.

That’s because it’s not only a way to generate power that doesn’t rely on greenhouse gas emitting hydrocarbons, but because it uses the same skillsets and expertise that the oil and gas industry has been honing and refining for years.

At least that’s what drew former the former completion engineer (it’s not what it sounds like) Tim Latimer to the industry and to launch Fervo Energy, the Houston-based geothermal tech developer that’s picked up funding from none other than Bill Gates’ Breakthrough Energy Ventures (that fund… is so busy) and former eBay executive, Jeff Skoll’s Capricorn Investment Group.

With the new $28 million cash in hand Fervo’s planning on ramping up its projects which Latimer said would “bring on hundreds of megawatts of power in the next few years.”

Latimer got his first exposure to the environmental impact of power generation as a kid growing up in a small town outside of Waco, Texas near the Sandy Creek coal power plant, one of the last coal-powered plants to be built in the U.S.

Like many Texas kids, Latimer came from an oil family and got his first jobs in the oil and gas industry before realizing that the world was going to be switching to renewables and the oil industry — along with the friends and family he knew — could be left high and dry.

It’s one reason why he started working on Fervo, the entrepreneur said.

“What’s most important, from my perspective, since I started my career in the oil and gas industry is providing folks that are part of the energy transition on the fossil fuel side to work in the clean energy future,” Latimer said. “I’ve been able to go in and hire contractors and support folks that have been out of work or challenged because of the oil price crash… And I put them to work on our rigs.”

Fervo Energy chief executive, Tim Latimer, pictured in a hardhat at one fo the company’s development sites. Image Credit: Fervo Energy

When the Biden administration talks about finding jobs for employees in the hydrocarbon industry as part of the energy transition, this is exactly what they’re talking about.

And geothermal power is no longer as constrained by geography, so there’s a lot of abundant resources to tap and the potential for high paying jobs in areas that are already dependent on geological services work, Latimer said (late last year, Vox published a good overview of the history and opportunity presented by the technology).

“A large percentage of the world’s population actually lives next to good geothermal resources,” Latimer said. “25 countries today that have geothermal installed and producing and another 25 where geothermal is going to grow.” 

Geothermal power production actually has a long history in the Western U.S. and in parts of Africa where naturally occurring geysers and steam jets pouring from the earth have been obvious indicators of good geothermal resources, Latimer said.

Fervo’s technology unlocks a new class of geothermal resource that is ready for large-scale deployment. Fervo’s geothermal systems use novel techniques, including horizontal drilling, distributed fiber optic sensing, and advanced computational modelling, to deliver more repeatable and cost effective geothermal electricity,” Latimer wrote in an email. “Fervo’s technology combines with the latest advancements in Organic Rankine Cycle generation systems to deliver flexible, 24/7 carbon-free electricity.”

Initially developed with a grant from the TomKat Center at Stanford University and a fellowship funded by Activate.org at the Lawrence Berkeley National Lab’s Cyclotron Road division, Fervo has gone on to score funding from the DOE’s Geothermal Technology Office and ARPA-E to continue work with partners like Schlumberger, Rice University and the Berkeley Lab.

The combination of new and old technology is opening vast geographies to the company to potentially develop new projects.

Other companies are also looking to tap geothermal power to drive a renewable power generation development business. Those are startups like Eavor, which has the backing of energy majors like bp Ventures, Chevron Technology Ventures, Temasek, BDC Capital, Eversource and Vickers Venture Partners; and other players including GreenFire Energy, and Sage Geosystems.

Demand for geothermal projects is skyrocketing, opening up big markets for startups that can nail the cost issue for geothermal development. As Latimer noted, from 2016 to 2019 there was only one major geothermal contract, but in 2020 there were ten new major power purchase agreements signed by the industry. 

For all of these projects, cost remains a factor. Contracts that are being signed for geothermal that are in the $65 to $75 per megawatt range, according to Latimer. By comparison, solar plants are now coming in somewhere between $35 and $55 per megawatt, as The Verge reported last year

But Latimer said the stability and predictability of geothermal power made the cost differential palatable for utilities and businesses that need the assurance of uninterruptible power supplies. As a current Houston resident, the issue is something that Latimer has an intimate experience with from this year’s winter freeze, which left him without power for five days.

Indeed, geothermal’s ability to provide always-on clean power makes it an incredibly attractive option. In a recent Department of Energy study, geothermal could meet as much as 16% of the U.S. electricity demand, and other estimates put geothermal’s contribution at nearly 20% of a fully decarbonized grid.

“We’ve long been believers in geothermal energy but have waited until we’ve seen the right technology and team to drive innovation in the sector,” said Ion Yadigaroglu of Capricorn Investment Group, in a statement.  “Fervo’s technology capabilities and the partnerships they’ve created with leading research organizations make them the clear leader in the new wave of geothermal.”

Fervo Energy drilling site. Image Credit: Fervo Energy

#africa, #alternative-energy, #articles, #berkeley-lab, #biden-administration, #bp-ventures, #capricorn-investment-group, #chevron-technology-ventures, #department-of-energy, #ebay, #energy, #engineer, #entrepreneur, #executive, #fiber-optic, #geothermal-energy, #greenhouse-gas, #houston, #jeff-skoll, #renewable-energy, #rice-university, #schlumberger, #stanford-university, #tc, #temasek, #texas, #united-states, #vickers-venture-partners

Alchemy raises $80M at a $505M valuation to be the ‘AWS for blockchain’

Blockchain developer platform Alchemy announced today it has raised $80 million in a Series B round of funding led by Coatue and Addition, Lee Fixel’s new fund. The company previously raised a total of $15.5 million, so the latest financing brings its total raised to $95.5 million since it launched in 2017.

The latest round caught our attention for a few reasons.

First, the company, which describes itself as the backend technology behind the blockchain industry, went from public launch to a $505 million valuation in a matter of just eight months. During that time, Alchemy says it powered over $30 billion in transactions for tens of millions of users all over the world. Second, the startup says it also already powering the majority of the NFT industry.

And finally, its investors in the round include a high-profile mix of institutions and individuals such as DFJ Growth, K5 Global, the Chainsmokers, actor Jared Leto and the Glazer family (owners of the Tampa Bay Buccaneers and Manchester United). They joined existing backers including Yahoo co-founder and former CEO Jerry Yang, Pantera Capital, Coinbase, SignalFire, Samsung, Stanford University, Google chairman and Stanford University President John L. Hennessy, Charles Schwab, LinkedIn co-founder Reid Hoffman and others.

Sources with inside knowledge of Alchemy’s operations tell TechCrunch that the company has already grown its business more than eightfold since it signed the Series B term sheet. They also said Alchemy had over $300 million of investor demand wanting to enter the round and is being inbounded to do another financing at “many times” the current valuation.

TechCrunch talked with Alchemy co-founders Nikil Viswanathan (CEO) and Joe Lau (CTO) about the raise and their passion for the startup’s mission was clear. As is its explosive growth.

“We realized that in order for space to thrive and build to its full potential, we needed to build a developer platform layer for blockchain,” Viswanathan told TechCrunch.

Alchemy’s goal is to be the starting place for developers considering to build a product on top of a blockchain or mainstream blockchain applications. Its developer platform aims to remove the complexity and costs of building infrastructure while improving applications through “necessary” developer tools.

The startup powers a range of transactions across nearly every blockchain vertical, including financial institutions, exchanges, billion-dollar decentralized finance projects and multinational organizations such as UNICEF. It has also quickly become the technology behind every major NFT platform, including Makersplace, OpenSea, Nifty Gateway, SuperRare and CryptoPunks.  

“Every time you open DoorDash, you’re using Amazon’s infrastructure,” Lau said. “Every time you interact with an NFT, you’re using Alchemy. It’s being powered by Alchemy underneath the hood.”

While the pair would not provide hard revenue figures, the company – which operates as a SaaS business – says it increased its revenue by 600% in 2020.

For inside players, Alchemy’s efforts are paving the way for the whole industry. 

“The cryptoeconomy is innovating faster than any technological movement that came before it, and Alchemy has been a key driver of that,” said Coinbase President and COO Emilie Choi. “Alchemy enables developers to build the rich ecosystem of applications necessary for mainstream blockchain adoption.”

Pantera Capital’s Paul Veradittakit describes Alchemy as “the Amazon Web Services (AWS) of the blockchain industry” that is “enabling the vision of a decentralized web.”

“While in Web 2.0, Microsoft, Apple and AWS are three of the most valuable companies in the world because they are the developer platform powering the computer and internet industries, Alchemy is primed to do the same for the blockchain,” he said.

The company believes the comparison to AWS is fair, noting that: “Just as AWS provides the platform that powers Uber, Netflix and much of the technology industry, Alchemy powers infrastructure for many large players in the blockchain industry.”

Alchemy plans to use its new capital to expand its developer platform to new blockchains, fuel global expansion and to open new offices in the U.S. and globally. The startup is based in San Francisco and is planning to open an office in New York.  

“We are going to use the funds to support new chains with our developer platform,” Viswanathan said. “We also expect to 5x the team this year.”

But to be clear, Alchemy prides itself on being lean and mean.

“We just went from 14 to 22 employees,” Lau said. “We have intentionally wanted to keep the team as small as possible.”

The blockchain space has been the subject of increased investor interest as of late.

In March, BlockFi, which describes itself a financial services company for crypto market investors, announced it had closed on a massive $350 million Series D funding that valued it at $3 billion. Also last month, Chainalysis, a blockchain analysis company, revealed the close of $100 million in Series D financing, which doubled its valuation to over $2 billion.

#alchemy, #amazon, #amazon-web-services, #apple, #articles, #bank, #bitcoin, #blockchain, #ceo, #chairman, #charles-schwab, #co-founder, #coinbase, #computing, #cryptocurrencies, #cryptocurrency, #cto, #decentralization, #dfj-growth, #doordash, #driver, #emilie-choi, #funding, #fundings-exits, #google, #jared-leto, #jerry-yang, #linkedin, #manchester-united, #microsoft, #netflix, #new-york, #nikil-viswanathan, #pantera-capital, #president, #recent-funding, #reid-hoffman, #saas, #samsung, #san-francisco, #stanford-university, #startup, #startups, #tc, #technology, #uber, #united-states, #venture-capital, #yahoo

Imagine, Surgery Without a Scar

A new study shows that a 20-year-old drug prevents scarring in mice. If it works on humans, it could change the lives of those with disfiguring wounds.

#burns, #drugs-pharmaceuticals, #gurtner-geoffrey, #longaker-michael, #research, #science-journal, #skin, #stanford-university, #surgery-and-surgeons

Injective Protocol raises $10M from Pantera Capital, Mark Cuban for its ‘DeFi Robinhood’

Back in December last year Injective Protocol, launched the testnet for its DeFi protocols for cross-chain derivatives trading, with backing from giant crypto exchange Binance. It has now raised $10 million in a “party” funding round. Participating in the round was Pantera Capital, BlockTower, Hashed, Cadenza Ventures (formerly BitMex Ventures), CMS, and QCP Capital. Billionaire NBA team owner and Shark Tank judge Mark Cuban has also made a strategic investment into Injective, according to my sources.

Injective’s main competitors (centralized and decentralized exchanges) include CME Group, BitMEX, LedgerX and OKEx, among others. The advantage of the approach used by Injective (it says) combines the advantages of decentralized exchanges: resistance to front running, scams, and hacks, with the speed, low transaction fees, and no gas fees associated with centralized platforms. Developers can also create their own derivatives and markets to trade.

Eric Chen, CEO of Injective Protocol said in a statement: “Legacy institutions and practices create a number of artificial delays and middlemen that prevent innovation in the financial markets ecosystem. At Injective, our goal is to enable an unparalleled decentralized trading experience, whereby retail traders globally can for the first time access limitless markets without the typical predatory fees and slow transaction times”.

The background to this is that Injective is essentially trying to build a decentralized competitor to Robinhood, because their platform allows the creation of synthetic tokens that represent stock in public companies like Apple and indices like S&P 500. This means meaning trading can happen 24/7 with instant finalization, as DeFi promises.

“Why do I invest in Injective: the whole stop out because of the capital requirements, Robinhood didn’t do it on purpose to hurt traders, they just didn’t have enough equity and they would have gone bankrupt because they had too many customers. But if you’re doing it in a decentralized manner every investor gets to see how much Injective has of all of this, there’s no hiding it and that creates an opportunity”, said Mark Cuban on his investment in Injective.

The potential here is that brokers wouldn’t be able to block trades on certain stocks, as they did with GameStop, as pointed out by Cuban above.

Injective’s team is drawn from Stanford University, came up with its project in 2018, and Chen was working at hedge funds and worked in cryptographic research at a blockchain-focused fund.

#apple, #binance, #ceo, #cryptocurrencies, #decentralized-exchange, #decentralized-finance, #digital-currencies, #ethereum, #europe, #financial-technology, #gamestop, #injective-protocol, #mark-cuban, #national-basketball-association, #nba, #pantera-capital, #robinhood, #stanford-university, #tc

Why Stanford Should Clone Itself

If elite colleges are serious about diversity of class and race, there’s a simple solution.

#admissions-standards, #colleges-and-universities, #grading-of-students, #income-inequality, #ivy-league, #stanford-university, #united-states

Stanford Wins N.C.A.A. Women’s Basketball Title for First Time in 29 Years

The Cardinal survived a game against in-conference rival Arizona and a season that left them without a home for nine weeks amid the pandemic.

#basketball-college, #national-collegiate-athletic-assn, #ncaa-basketball-championships-women, #pacific-12-conference, #san-antonio-tex, #stanford-university, #university-of-arizona

The Women’s Final Four Guide: Preview, Start Time and More

Two No. 1 seeds, South Carolina and Stanford, face off in one semifinal. Another No. 1, UConn, takes on a No. 3 seed, Arizona, in the other game of the Final Four.

#basketball-college, #bueckers-paige-2001, #colleges-and-universities, #ncaa-basketball-championships-women, #staley-dawn, #stanford-university, #university-of-arizona, #university-of-connecticut, #university-of-south-carolina

N.C.A.A. Tournament Women’s Final Four: A First-Timer Crashes a Group of Powers

Seeking its first title since 2016, UConn faces an Arizona team making its debut in the national semifinal. Two No. 1 seeds, Stanford and South Carolina, will play in the other matchup.

#auriemma-geno, #basketball-college, #ncaa-basketball-championships-women, #staley-dawn, #stanford-university, #university-of-arizona, #university-of-connecticut, #university-of-south-carolina, #vanderveer-tara

South Carolina Rolls Past Texas Into the Final Four

Texas was held scoreless in the fourth quarter as the Gamecocks started their celebration early.

#basketball-college, #collier-charli-1999, #national-collegiate-athletic-assn, #ncaa-basketball-championships-women, #schaefer-vic-1961, #staley-dawn, #stanford-university, #university-of-louisville, #university-of-south-carolina, #university-of-texas-at-austin