Compass Goes Public, CEO Says Capital Raise Goal Met

Tech-enabled real estate company Compass closed its first day of trading at $20.15, about 12 percent above its IPO price. The company priced its shares at $18 apiece, the low end of its target range. Compass raised about $450 million through its IPO, and began trading at $21.25 on Thursday, around 22 percent above its IPO price.
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A Different Kind of Capital

Jesse Jackson wanted to be a U.S. senator from D.C. Not just a “shadow senator,” but a real one. For that reason—though not solely that reason—he’d often say, “Statehood for the District of Columbia is the most important civil rights issue in America today.” Proponents have been saying as much ever since, including just last week.
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How is edtech spending its extra capital?

In the past week, the consolidation environment is making a clear statement. The data agrees. Per Crunchbase data, there were 45 edtech exits in 2019 and 24 edtech exits so far in 2021. The same database shows just 35 exits for all of 2020. As we discussed nearly six months ago, the ability to buy (and be bought) has changed.
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10 Dos and Don'ts When Raising Capital for a Fast-Growing New Business

Opinions expressed by Entrepreneur contributors are their own. It’s a great problem to have. Your business is growing, but to keep the momentum going, you need additional investment fast. In the rush to get a green light from a venture capitalist, it’s easy to lose sight of all the future meetings you hope to have with that person.

Record Capital Raises Face 'Three Stooges' Syndrome As Distressed Debt Market Fails To Materialize

A combination of economic recovery and overcrowding has seemingly canceled the distressed asset boom that so many private funds had planned for. Private equity funds in the U.S. have raised $250B for commercial real estate loans as of March 23, including a record $75.8B for distressed debt specifically, according to Preqin data reported by Bloomberg. But lenders' patience with property owners devastated by an exogenous shock has perhaps prevented the anticipated wave of foreclosures from happening.
Urban Milwaukee

About That Foxconn Venture Capital Fund

In August 2018, three months before he faced the voters in his reelection campaign, Gov. Scott Walker announced yet another wondrous thing Foxconn would be doing, creating a $100 million venture capital fund in conjunction with three other companies, that would invest in startups and early-stage businesses. “This is yet another example of the Foxconn Bonus, and this is only the beginning,” Walker declared.
Commercial Observer

Venture Capital Firm RTP Global Takes 5K SF on Fifth Avenue

RTP Global, the venture capital firm founded by Russian investor Leonid Boguslavsky, will move its New York City offices to 100-104 Fifth Avenue, Commercial Observer has learned. The firm signed a 5.5-year lease for 5,045 square feet on part of the 17th floor of Clarion Partners’ 20-story Flatiron District building...
Washington Technology

AWS, venture capital firm launch space startup accelerator

Amazon Web Services and a venture capital firm have jointly put out a call for space startups to join an accelerator and mentoring program run by the cloud computing giant. Submissions are due April 21, after which AWS and its partner in U.K.-headquartered Seraphim Capital will choose an initial 10 companies to participate in the four-week program lined up for June.

CBRE Adds SVP to Senior Housing Capital Markets Team

John Sweeny handled more than $3 billion of senior housing transactions throughout his career, bringing more than 15 years of experience to his new position. John Sweeny has joined CBRE’s Senior Housing Capital Markets team as senior vice president. In his new position, he will oversee investment sales across the U.S.

Is the Capital One Venture card worth it?

Editor’s note: This is a recurring post, regularly updated with new information. When you’re unsure whether a travel rewards credit card is the right one for you, oftentimes, you have to analyze your travel goals and determine which card fits your style. If your end goal is to save on travel, the current limited-time 100,000-mile bonus available with the Capital One Venture Rewards Credit Card will guarantee you’ll save $1,000 or more on your next trip. And — there’s a real chance you could save more than that.
Troy Record

Schumer announces new semiconductors jobs coming to Capital Region

WASHINGTON — After working to secure provisions in the National Defense Authorization Act to boost American-based semiconductor manufacturing and R&D, U.S. Senate Majority Leader Chuck Schumer recently announced, following a call with the CEOs of IBM and Intel, that a collaboration between the two companies for a major new investment in the domestic semiconductor industry is expected to add hundreds of new jobs to the Capital Region at IBM’s Albany Research Center and its research and industry partners in the area.

Rockport Terminals acquired by Jones Capital

Houston headquartered Jones Capital has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast. Though strategically located within 28 miles of the Port of Corpus Christi, Rockport Terminals is outside of the port’s tariff zone. With more than 250 acres of industrial land, it offers access to the Intracoastal Waterway, nearby railways, and many major highways.

Hedge Fund Alden Global Capital Poised To Acquire Tribune Publishing

The hedge fund Alden Global Capital is poised to acquire full control of Tribune Publishing. It already owns nearly 200 papers around the country. Those who have worked for the company say: beware. AILSA CHANG, HOST:. Most local newspapers have been gutted by changes in how people consume the news...
Des Moines Business Record

Kessinger to step down as Capital Crossroads director, rejoin Weitz Co.

Capital Crossroads is searching for a new director after Emily Kessinger announced she is leaving the organization to join Weitz Co. as business development manager. Kessinger has served as director of Capital Crossroads since January 2020. Her last day with Capital Crossroads is April 9. She will begin her new role at Weitz on April 15.

Domain name registry Donuts acquired again, this time by Ethos Capital

The news: Donuts, a domain name registry based in Bellevue, Wash., has been acquired by Ethos Capital, a private equity firm based in Boston. Terms of the deal were not disclosed. Ethos Capital previously invested in Donuts last year. What Donuts does: Founded in 2010 by Paul Stahura, the company...