Mr. Sparks apologized for comments he made in emails released as part of a lawsuit that claims he spread a rumor an ex-employee had Alzheimer’s.
Valo Ventures, a new firm focused on social, economic and environmental megatrends, has closed on $175 million for its debut venture capital fund.
The effort is led by Scott Tierney, a co-founder of Alphabet’s growth investing unit CapitalG, as well as Mona ElNaggar, a former managing director of TIFF Investment Management and Julia Brady, who previously worked as a director at The Via Agency, a communications workshop.
“Google is like being a kid in a candy store,” Tierney tells TechCrunch. “It’s a great place to be. For me, I thought, ‘alright, I’ve been here for seven years, I have this opportunity to create my own fund and be more entrepreneurial and take all the learnings I was fortunate to have inside of Google and apply them.’ ”
Tierney joined Google in 2011 as a director of corporate development after five years as a managing director at Steelpoint Capital Partners. In 2013, he co-founded CapitalG, where he served as a partner for the next two years. He completed his Google stint as a director of corporate development and strategic partnerships at Nest Labs, a title he held until mid-2018.
The Valo Ventures partners plan to participate in Series A, B and C deals for startups located in North America and Europe. Specifically, Valo is looking for businesses solving problems within climate change, urbanization, autonomy and mobility.
The goal is to bring an ESG (environmental, social and corporate governance) perspective to venture capital, where investors infrequently take a mission-driven approach to deal-making. To date, Valo Ventures has deployed capital to Landit, a career pathing platform for women, and a stealth startup developing an AI platform for electricity demand and supply forecasting.
More than 300 people plan to testify in Washington about the impact on companies, workers and the American consumer.
As the Trump administration prepares for an economic conference next week in Bahrain, the first leg of its Middle East peace plan, it is exerting immense pressure on two of America’s closest Arab allies to take part in a process seen as toxic by their own publics. Rather than advocates for the administration’s undisclosed “ultimate deal,” Jordan and Egypt are reluctant guests at the conference. For their part, Palestinians are also applying pressure to Arab states to boycott the economic workshop, which many Arabs fear will offer investment projects to Palestinians in return for recognizing Israeli sovereignty over Jerusalem and the West Bank – a “selling off” of Palestinian statehood.
Last month after the British government dropped a proposed definition of Islamophobia, the Muslim Council of Britain (MCB), the largest Islamic organization in the United Kingdom, called for the ruling Conservative Party to be investigated for Islamophobia.
WarnerMedia will get a first look at projects developed by the media company run by Mr. Abrams and his wife, which made hits like “Star Trek Beyond.”
A year-long study just completed and released Monday in London by an independent international tribunal concludes that China is killing prisoners in order to harvest their organs. Most of the victims are detainees from the Falun Gong religious movement.
The Pacific Justice Institute (PJI) has settled a claim on behalf of a great-grandmother who had been evicted from her longtime apartment due to her religious activities.
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