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Angelgate
Angelgate is a controversy surrounding allegations of price fixing and collusion among a group of ten angel investors in the San Francisco Bay Area. Emergence The issue The scandal began in September 2010 after Michael Arrington, editor of the TechCrunch publication, wrote in his blog that he had been turned away from a secret meeting among so-called "super angels" he knew, held at Bin38, a wine bar in San Francisco's Marina District. The participants at the meeting, among other things, discussed how they could compete with other angels, venture capitalists, and the Y Combinator business incubator for the limited pool of worthy investment opportunities. Arrington said that after the meeting, he had been informed by two of the attendees that the investors had discussed how to fix low valuations for new start-up companies, and how to keep better-funded venture capitalists from investing. The blog became the subject of discussion among the Silicon Valley start-up community over the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ron Conway
Ronald Crawford Conway (born March 9, 1951) is an American venture capitalist and philanthropist. He has been described as one of Silicon Valley's "super angels". Early career Conway graduated from San Jose State University with a bachelor's degree in political science. Conway worked with National Semiconductor Corporation in marketing positions from 1973 to 1979, and at Altos Computer Systems as president and CEO from 1988 to 1990. He was the CEO of Personal Training Systems (PTS) from 1991 to 1995. PTS was acquired by SmartForce/SkillSoft. Investing Conway began angel investing in the mid-1990s, with investments in Marimba Systems, Red Herring magazine, and others. He raised $4 million for his first venture capital fund, called Adam Ventures, in 1997. In December 1998 he started Angel Investors LP, a venture capital firm. Within two months he had raised $30 million for its first fund, Angel Investors I. Angel Investors closed on its second fund, Angel Investors II, at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dave McClure
David "Dave" McClure is an entrepreneur and angel investor based in the San Francisco Bay Area, who founded the business accelerator 500 Startups (now 500 Global), serving as CEO until his resignation in 2017. He founded Practical Venture Capital soon after, a new venture capital fund that will continue to work with companies he previously funded through 500 Startups. Biography McClure was born in Morgantown, West Virginia and grew up in Columbia, Maryland. He graduated from Johns Hopkins University in 1988 with a Bachelor of Science in Mathematical Engineering. Technology startups McClure founded Aslan Computing, a technology consultancy, in 1994, and sold the company to Servinet/Panurgy in 1998. He subsequently worked as a technology consultant to Microsoft, Intel and other high-tech companies. He was director of marketing at PayPal from 2001 through 2004. He then launched and ran marketing for Simply Hired in 2005 and 2006. After leaving PayPal, McClure became a frequent in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Fixing
Price fixing is an anticompetitive agreement between participants on the same side in a market to buy or sell a product, service, or commodity only at a fixed price, or maintain the market conditions such that the price is maintained at a given level by controlling supply and demand. The intent of price fixing may be to push the price of a product as high as possible, generally leading to profits for all sellers but may also have the goal to fix, peg, discount, or stabilize prices. The defining characteristic of price fixing is any agreement regarding price, whether expressed or implied. Price fixing requires a conspiracy between sellers or buyers. The purpose is to coordinate pricing for mutual benefit of the traders. For example, manufacturers and retailers may conspire to sell at a common "retail" price; set a common minimum sales price, where sellers agree not to discount the sales price below the agreed-to minimum price; buy the product from a supplier at a specified maxi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Silicon Valley
Silicon Valley is a region in Northern California that serves as a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical areas San Mateo County and Santa Clara County. San Jose is Silicon Valley's largest city, the third-largest in California, and the tenth-largest in the United States; other major Silicon Valley cities include Sunnyvale, Santa Clara, Redwood City, Mountain View, Palo Alto, Menlo Park, and Cupertino. The San Jose Metropolitan Area has the third-highest GDP per capita in the world (after Zurich, Switzerland and Oslo, Norway), according to the Brookings Institution, and, as of June 2021, has the highest percentage of homes valued at $1 million or more in the United States. Silicon Valley is home to many of the world's largest high-tech corporations, including the headquarters of more than 30 businesses in the Fortune 1000, and thousands of startup companies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anti-competitive Practices
Anti-competitive practices are business or government practices that prevent or reduce competition in a market. Antitrust laws differ among state and federal laws to ensure businesses do not engage in competitive practices that harm other, usually smaller, businesses or consumers. These laws are formed to promote healthy competition within a free market by limiting the abuse of monopoly power. Competition allows companies to compete in order for products and services to improve; promote innovation; and provide more choices for consumers. In order to obtain greater profits, some large enterprises take advantage of market power to hinder survival of new entrants. Anti-competitive behavior can undermine the efficiency and fairness of the market, leaving consumers with little choice to obtain a reasonable quality of service. Anti-competitive behaviour is used by business and governments to lessen competition within the markets so that monopolies and dominant firms can generate superno ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jerry Springer
Gerald Norman Springer (born February 13, 1944) is a British-American broadcaster, journalist, actor, producer, former lawyer, and politician. He hosted the tabloid talk show ''Jerry Springer'' between September 30, 1991 and July 26, 2018, and debuted the ''Jerry Springer Podcast'' in 2015. From 2007 to 2008, Springer hosted '' America's Got Talent'', and from September 2019 until 2022, Springer hosted the courtroom show ''Judge Jerry''. Early life Gerald Norman Springer was born in the London Underground station of Highgate while the station was in use as a shelter from German bombing during World War II, and grew up on Chandos Road, East Finchley. His parents, Margot (; a bank clerk) and Richard Springer (owner of a shoe shop), were German-Jewish refugees who escaped from Landsberg an der Warthe, Prussia (now Gorzów Wielkopolski, Poland). His maternal grandmother, Marie Kallmann, who was left behind, died in the gas vans of Chełmno extermination camp (German-occupied Po ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Downfall (2004 Film)
''Downfall'' (german: Der Untergang, it, La caduta – Gli ultimi giorni di Hitler) is a 2004 German-language historical war drama film directed by Oliver Hirschbiegel from a screenplay by its producer, Bernd Eichinger. It is set during the Battle of Berlin in World War II, when Nazi Germany is on the verge of defeat, and depicts the final days of Adolf Hitler (portrayed by Bruno Ganz). The cast includes Alexandra Maria Lara, Corinna Harfouch, Ulrich Matthes, Juliane Köhler, Heino Ferch, Christian Berkel, Alexander Held, Matthias Habich, and Thomas Kretschmann. The film is a German-Austrian-Italian co-production. Principal photography took place from September to November 2003, on location in Berlin, Munich, and in Saint Petersburg, Russia. As the film is set in and around the ''Führerbunker'', Hirschbiegel used eyewitness accounts, survivors' memoirs, and other historical sources during production to reconstruct the look and atmosphere of 1940s Berlin. The screenplay wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Flash Mob
A flash mob (or flashmob) is a group of people who assemble suddenly in a public place, perform for a brief time, then quickly disperse, often for the purposes of entertainment, satire, and artistic expression. Flash mobs may be organized via telecommunications, social media, or viral emails. The term, coined in 2003, is generally not applied to events and performances organized for the purposes of politics (such as protests), commercial advertisement, publicity stunts that involve public relation firms, or paid professionals. In these cases of a planned purpose for the social activity in question, the term smart mobs is often applied instead. The term " flash rob" or "flash mob robberies", a reference to the way flash mobs assemble, has been used to describe a number of robberies and assaults perpetrated suddenly by groups of teenage youth. Bill Wasik, originator of the first flash mobs, and a number of other commentators have questioned or objected to the usage of "flash mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Bureau Of Investigation
The Federal Bureau of Investigation (FBI) is the domestic intelligence and security service of the United States and its principal federal law enforcement agency. Operating under the jurisdiction of the United States Department of Justice, the FBI is also a member of the U.S. Intelligence Community and reports to both the Attorney General and the Director of National Intelligence. A leading U.S. counterterrorism, counterintelligence, and criminal investigative organization, the FBI has jurisdiction over violations of more than 200 categories of federal crimes. Although many of the FBI's functions are unique, its activities in support of national security are comparable to those of the British MI5 and NCA; the New Zealand GCSB and the Russian FSB. Unlike the Central Intelligence Agency (CIA), which has no law enforcement authority and is focused on intelligence collection abroad, the FBI is primarily a domestic agency, maintaining 56 field offices in major cities throug ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chris Sacca
Christopher Sacca (born May 12, 1975) is an American venture investor, company advisor, entrepreneur, and lawyer. He is the proprietor of Lowercase Capital, a venture capital fund in the United States that has invested in seed and early-stage technology companies such as Twitter, Uber, Instagram, Twilio, and Kickstarter, investments that resulted in his placement as No. 2 on '' Forbes''' Midas List: Top Tech Investors for 2017. Sacca held several positions at Google Inc., where he led the alternative access and wireless divisions and worked on mergers and acquisitions. Between 2015 and 2017, he appeared as a "Guest Shark" on ABC's ''Shark Tank''. In early 2017, Sacca announced that he was retiring from venture investing.In 2021, Sacca announced that he was back into venture investing with a focus on Climate issues. Early life and education Chris Sacca was born on May 12, 1975, and raised in Lockport, a suburb of Buffalo. His father was an attorney, while his mother was a pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Startup Company
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Collusion
Collusion is a deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal right. Collusion is not always considered illegal. It can be used to attain objectives forbidden by law; for example, by defrauding or gaining an unfair market advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities. It can involve "unions, wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties". In legal terms, all acts effected by collusion are considered void. Definition In the study of economics and market competition, collusion takes place within an industry when rival companies cooperate for their mutual benefit. Conspiracy usually involves an agreement between two or more sellers to take action to suppress competition between sellers in the market. Because competition among ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
