Ali Rowghani, a former Y Combinator managing director and former Twitter executive, is launching a venture firm called Maxq. Maxq is targeting $ 250 million for its debut fund, Maxq Fund I, according to an SEC filing. The firm will focus on seed-stage investments, Axios reported on Wednesday. Rowghani’s former YC colleagues Mia Mabanta, Simon […]
Hone Capital, a Silicon Valley firm, is being probed by the FBI
According to the FT, the FBI is now poking around nine-year-old Hone Capital, a Palo Alto, Ca.-based venture firm funded by a Chinese private equity firm, to determine whether some of its capital came from the Chinese government — and if it shared sensitive startup data with Beijing. Originally launched with $ 115 million from […]
“People Want Us Wiped Off The Face Of The Earth”: Pep Guardiola Takes Firm Stance On Manchester City Allegations
Manchester City manager Pep Guardiola says he feels critics of the Premier League champions want the club wiped “from the face of the Earth” over their alleged breaches of financial rules. City, who have dominated English football since Guardiola’s arrival in 2016, face a hefty points deduction or even expulsion from the league if found […]
HYBE’s Secret $25M Purchase Turns Out To Be Johnny Depp’s PR Firm, Raising Concerns
Recently, online communities were abuzz with curiosity after it was reported that HYBE had spent $ 25 million USD to acquire 51% stakes in a mysterious company. The acquisition occurred on August 1, 2024. | hybe.co.kr According to follow-up reports, the company that was acquired in this deal is a US-based public relations agency. HYBE’s […]
Internet surveillance firm Sandvine says it’s leaving 56 ‘non-democratic’ countries
Sandvine, the makers of surveillance-ware that allowed authoritarian countries to censor the internet and spy on their citizens, announced that it is leaving dozens of “non-democratic” countries as part of a major overhaul of the company. The company, which was founded in Canada, published a statement on Thursday, claiming that it now wants to be […]