Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Boris Johnson will be meeting President Donald Trump to discuss a potential post-Brexit trade deal just as he tries to court EU leaders for a new withdrawal agreement.World Politicsread more
U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Accountants in Hong Kong took to the streets on Friday to call for the government to accept five demands of the people, including the complete withdrawal of a now-suspended...China Politicsread more
Recent trade friction between the two Asian powerhouses has morphed into a dispute with political implications that go far beyond the region.Asia Politicsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
The unlikely alliance would in theory enjoy a relatively comfortable majority in the parliament's lower house but would rely on a handful of sympathetic but unaligned...Europe Politicsread more
Bank Indonesia on Thursday cut its key policy rate by 25 basis points to 5.5% to support growth amid an increasingly fragile global economy.Central Banksread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The U.S Energy Information Administration (EIA) says Australia is on track to consistently export more LNG than Qatar.Oil and Gasread more
Venture capital legend Dick Kramlich, who co-founded New Enterprise Associates almost 40 years ago, is back in the game.
Kramlich's new firm Green Bay Ventures is setting out to raise $130 million, according to a regulatory filing on Tuesday. Green Bay doesn't yet have a website but a landing page indicates the focus will be "early stage technology."
According to a source familiar with the firm, Green Bay will be investing in start-ups developing technology and products in manufacturing, energy, transportation, logistics, real estate and communications. Notably absent are consumer internet companies like Buzzfeed, Groupon, and Diapers.com, all of which received investment from NEA.
Kramlich is a towering figure in venture capital. After making a personal bet on Apple, the firm Kramlich started in 1978 with Chuck Newhall and Frank Bonsal made early hardware bets on 3Com, Juniper Networks and TiVo and in more recent years made a bundle on software investments in Tableau and Workday.
NEA's website says Kramlich has been involved in 10 companies that have grown into businesses worth more than $1 billion. Just last month, NEA filed to raise a mammoth $3 billion fund.
Kramlich is starting Green Bay with Anthony Schiller, who started managing Kramlich's family money in 2011, and Casey Tatham, who runs finance for the family office.
The trio is opening the fund at a time when venture capital is plentiful, even as tech IPOs are coming off their weakest year since 2009. Venture firms raised $41.6 billion in 2016, the most in 10 years, according to the National Venture Capital Association.
Green Bay has already made investments in RapidAPI and Capriza.