Jay Z Is Planning a VC Fund | Crunch Report

TL;DR

Verizon confirms revised terms to acquire Yahoo for $4.4 billion, Jay-Z plans to start a VC fund, former Uber engineer shares allegations of sexual harassment, Boeing focuses on satellite business, and Skurt raises $10 million Series A for car rental service.

Transcript

verizon is finally buying yahoo jay-z is planning a vc fund flowing double down on satellites and more it's tuesday februari 21st and this is crunch report how's it going people I got something called tech news to share with you right here okay there we go and the ultimate will they won't they it's happening guys it's all happening so slow today ya... Read More

Key Insights

• 😘 Verizon's acquisition of Yahoo is finally progressing, with revised terms and a lower price agreed upon.
• 💤 Jay-Z's foray into venture capital signals his interest in investing in startups and supporting young entrepreneurs.
• 🦺 The allegations of sexual harassment at Uber highlight the importance of addressing workplace issues and fostering a safe environment for employees.
• 💇 The satellite industry is evolving, with Boeing focusing on cost-cutting measures and embracing nanosatellites.
• 😨 Skurt's innovative car rental service aims to make the process more convenient by delivering and picking up cars for users.

Questions & Answers

Q: What are the revised terms for Verizon's acquisition of Yahoo, and how does it affect the final price?

Verizon will pay $350 million less than originally planned, resulting in a final acquisition price of $4.4 billion. The companies have also agreed to share legal and regulatory liabilities related to the Yahoo data breaches.

Q: What are Jay-Z's plans for his venture capital firm?

Jay-Z intends to focus on seed investments in young startups. He will partner with J Brown, co-founder of Roc Nation, and receive support from Sherpa Capital.

Q: What allegations has former Uber engineer Susan Fowler made against the company?

Fowler has detailed incidents of sexual harassment and HR negligence in a blog post. She claims that Uber failed to take appropriate action and hopes that her allegations will lead to an investigation.

Q: How is Boeing focusing on its satellite business?

Boeing plans to streamline production, utilize 3D printing technology, and reduce costs associated with building satellites. This move comes as nanosatellites gain popularity and drive growth in the industry.

Q: How does Skurt's car rental service work?

Skurt offers a convenient car rental service where users can request a car through an app, and it will be delivered and picked up wherever they are located. The company plans to expand its operations to other major US cities.

Summary & Key Takeaways

• Verizon and Yahoo have agreed on new terms for the sale, with Verizon paying $350 million less than originally planned and sharing legal liabilities for data breaches.

• Jay-Z is planning to create his own venture capital firm, focusing on seed investments in startups.

• Former Uber engineer Susan Fowler exposes incidents of sexual harassment and HR negligence, prompting CEO Travis Kalanick to promise an investigation.

• Boeing aims to streamline satellite production by leveraging 3D printing technology, reducing costs, and meeting the demand for nanosatellites.

• Car rental service Skurt has raised $10 million in a Series A funding round to expand its operations in major US cities.