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Benchmark's GP, Everett Randle on Why Mega Funds Will Not Produce Good Returns
Ev Randle is a General Partner @ Benchmark, one of the best funds in venture capital. In their latest fund, they have Mercor ($10BN valuation), Sierra ($10BN valuation), Firework ($4BN valuation), Legora ($2Bn valuation) and Langchain ($1.4Bn valuation). To put this in multiples on invested capital, that is a 60x, two 30x and two 20x. Before Benchmark, Ev was a Partner @ Kleiner Perkins and before Kleiner, Ev was an investor at Founders Fund and Bond. ----------------------------------------------- Timestam ...
华润等在成都成立医药产业股权投资基金 出资额10亿
Xin Lang Cai Jing· 2025-11-10 03:48
天眼查工商信息显示,近日,华润(成都)医药产业股权投资基金合伙企业(有限合伙)成立,执行事 务合伙人为华润医药科技(成都)合伙企业(有限合伙),出资额10亿人民币,经营范围为创业投资。 合伙人信息显示,该基金由成都市重大产业化项目二期股权投资基金有限公司、博雅生物(300294)、 东阿阿胶(000423)、华润双鹤(600062)、江中药业(600750)等共同出资。据媒体报道,今年7 月,华润系旗下多家上市公司发布公告称,将与上海复星医药产业发展有限公司、成都国企等共同投资 设立华润医药(成都)创新投资基金合伙企业(有限合伙),将聚焦医药健康主责主业和战略新兴产 业。 ...
X @Wu Blockchain
Wu Blockchain· 2025-11-09 13:14
Hyperliquid Founder Talks About the Biggest Challenge in the Project's DevelopmentHyperliquid founder Jeff said in an interview with TBPN on October 22 that the biggest challenge in the project's development is finding a balance between the ideal of decentralization and the practical pace of progress. The team insists on rejecting any venture capital (VC) involvement, choosing to slow down development rather than compromise the purity and credibility of the protocol. This approach aims to ensure that Hyperl ...
X @The Block
The Block· 2025-11-06 19:17
Robot Ventures leads $5.2 million seed round for Sprinter, a 'solving-as-a-service' startup founded by Ethereum OGs https://t.co/FDe7Xrej83 ...
Is $4.5BN Not Good Enough…?
For me, it's like I don't even want to take meetings with mortal founders. >> This is one of the spiciest shows yet. It's my favorite show of the week.Jason Lmin, Rory O'Driscoll breaking down the biggest news in tech that's happened over the last 7 days. >> This actually shows that sometimes Bill Gurley is wrong cuz his idea is that these IPO share allocations are called free money. >> The amount of wealth in Silicon Valley is just unprecedented in our lifetimes.It's just gone up dramatically the last 18 m ...
Hudson Pacific (HPP) Q3 2025 Earnings Transcript
Yahoo Finance· 2025-11-05 18:14
Reaffirming the region's leadership in innovation and capital formation. These trends underscore growing optimism which in turn sets a constructive backdrop for the industry's driving markets as well as the need for West Coast office space heading into 2026. In San Francisco and the Peninsula, leasing accelerated sharply in the third quarter, led by tech and AI tenants such as Roblox, while Silicon Valley recorded its fourth consecutive quarter of declining vacancy as demand from AI software and hardware fi ...
Hudson Pacific Properties(HPP) - 2025 Q3 - Earnings Call Transcript
2025-11-05 18:00
Financial Data and Key Metrics Changes - Total revenues for Q3 2025 were $186.6 million, down from $200.4 million in the prior year, primarily due to asset sales and lower occupancy [18] - General and administrative expenses improved to $13.7 million from $19.5 million, a 30% reduction reflecting organizational efficiency measures [18] - Funds from operations (FFO) excluding specified items increased by 17% year-over-year to $16.7 million, or $0.04 per diluted share, compared to $14.3 million, or $0.10 per diluted share in the prior year [18][19] - Same-store cash net operating income (NOI) was $89.3 million, down from $100 million in the prior year, mainly due to lower office occupancy [19] Business Line Data and Key Metrics Changes - The office portfolio ended Q3 2025 at 75.9% occupied, up 80 basis points sequentially, and 76.5% leased, up 30 basis points sequentially [11] - The studio operations saw a trailing 12-month occupancy of 65.8%, a sequential increase of 220 basis points, while Coyote stages were 48.3% leased, up 90 basis points [15] - 75 office leases were executed in Q3, totaling 515,000 sq ft, with 67% being new deals [11] Market Data and Key Metrics Changes - U.S. venture capital investment in Q3 2025 was strong, tracking about 15% above full-year 2024 levels, with AI accounting for nearly two-thirds of the deal value [4][5] - In San Francisco and the Peninsula, leasing accelerated sharply, particularly from tech and AI tenants [5] - Seattle recorded its first decline in availability in nearly four years, driven by AI investments surpassing $1.5 billion [5] Company Strategy and Development Direction - The company is focused on leasing, with a strong emphasis on capturing growth opportunities in the AI and technology sectors [4][24] - The acquisition of a 45% interest in the Hill 7 office property in Seattle is aimed at unlocking value through restructuring and increasing occupancy [9] - The company is evaluating options for the redevelopment of its Washington office property into a mixed-use project, indicating a strategic shift towards residential development [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery in the West Coast office market, particularly due to the expansion of AI companies [3][24] - The company anticipates FFO for Q4 2025 to be between $0.01 and $0.05 per diluted share, reflecting expected lower studio NOI due to seasonality [21][22] - Management noted that the current funding environment is one of the strongest since the 2021 peak, which is expected to support future growth [5] Other Important Information - The company has $1 billion in liquidity, with 100% of its debt fixed or capped, providing financial flexibility [20] - The studio business is expected to benefit from California's expanded film and television tax credit, which has already allocated funds to 74 new productions since July [7][8] Q&A Session Summary Question: Update on occupancy trends over the next 12-36 months - Management indicated that they expect to see positive net absorption and improved occupancy trends, with 50% coverage on next year's expirations already in place [29][31] Question: Key milestones for studio recovery - Management highlighted that content spending is increasing, and the new tax credits are expected to drive production growth, particularly in California [34][36] Question: Rents trends across the portfolio - Rents are stabilizing across the portfolio, with improvements noted in San Francisco and Seattle, driven by strong AI demand [40][41] Question: Plans for non-core asset sales - Management confirmed that while there is no immediate pressure to sell, they are evaluating opportunities to dispose of non-core assets as market conditions improve [43][44] Question: Impact of AI on leasing strategies - AI tenants are focused on growth and are seeking high-quality, flexible spaces, which is influencing leasing strategies [59][62]
Save the Date: 2nd Princeton CorpGov Forum May 21, 2026
Yahoo Finance· 2025-11-04 18:47
CorpGov will host the second Princeton CorpGov Forum on Thursday, May 21, 2026, at The Nassau Inn in Princeton, New Jersey. The forum will feature an afternoon of panels, firesides and networking, followed by a networking reception with cocktails and heavy hors d’oeuvres. ​ The event will be digitized into a report published on CorpGov and content partners Yahoo Finance, Bloomberg Terminals, Reuters via LSEG Workspace, and AlphaSense, filmed in 4K with professional editing. We invite institutional invest ...
X @Bloomberg
Bloomberg· 2025-11-04 10:35
Deep-pocketed Chinese venture firms offer Latin America's startups much-needed capital, but it comes with geopolitical risks, says @JPSpinetto (via @opinion) https://t.co/K7hi2Gb8QG ...
X @TechCrunch
TechCrunch· 2025-11-04 00:37
TxO was founded by a16z in 2020 to support founders who do not have access to traditional venture networks, and many of TxO’s participants were women and minorities who, overall, receive very slim amounts of venture capital dollars.And now, it's been shut down, with its March 2025 cohort becoming its last.https://t.co/prQTa1kjfh ...