December 4, 2020
  • 5:30 am Moment iPhone 12 Case with MagSafe features a rugged, dual-compound construction » Gadget Flow
  • 5:28 am Comcast to narrow focus of Comcast Ventures, leading to partner defections
  • 5:25 am NFL to make history with first all-black officiating team as Los Angeles Rams face Buccaneers in Tampa | NFL News
  • 8:00 am H1N1 FLU BREAKING NEWS: 41 more US deaths, Tamiflu resistance, UK vaccine priorities, state deputizes more healthcare workers
  • 7:05 am Benchmarking research of campsites in Croatia

first_imgMany of Comcast Ventures’ best performing investments through the years have been strategic in nature, including CTI Towers, which Melody Investment Advisors acquired earlier this month, said the people. It has become increasingly difficult to compete for targets as more funds, such as SoftBank‘s Vision Fund, General Atlantic and Insight Venture Partners, raise tens of billions of dollars for startups. The last two years have both been record setting in terms of venture dollars invested in U.S. companies, according to The National Venture Capital Association.Refocusing Comcast Ventures on companies that support broadband distribution and streaming video could help Comcast stay ahead of trends while being more disciplined on investments the company understands best.Disclosure: Comcast is the owner of NBCUniversal, parent company of CNBC.WATCH: Venture capitalist Bob Davis weighs in on Big Tech regulation and the future of VC Amy Banse, the head of funds for Comcast Ventures, announced her retirement in September. Dave Zilberman, a 15-year Comcast Ventures veteran, said this week he was leaving for Norwest Venture Partners .When Banse announced her departure, Comcast said CFO Michael Cavanaugh would take over leadership of Comcast Ventures. In the past two months, Cavanaugh and former Comcast CFO Michael Angelakis, who now runs the private investment firm Atairos with capital from Comcast, reviewed the fund’s strategy and decided it’s a better fit within Schwartz’s business development unit, one of the people said.Schwartz was one of the founding partners of Comcast Ventures more than 20 years ago. He will decide if Comcast is better served acquiring companies or making seed, venture or later-stage investments. Comcast will continue to support the existing Comcast Ventures portfolio.- Advertisement – Comcast Ventures, the corporate venture capital firm, is folding into Comcast‘s business development division and shifting its strategy to focus only on strategic investments.Partners were informed of the change this week, according to people familiar with the matter, who asked not to be named because the discussions were private. While Comcast Ventures will continue to operate under Comcast chief business development officer Sam Schwartz, it will no longer invest in a broad array of companies, instead focusing only on startups that can support Comcast initiatives. That change, combined with the fund’s decreased independence from Comcast, will likely lead to a number of partner defections, the people said.“Comcast Ventures has been a valuable innovation pipeline, providing insight into adjacent industries and investment opportunities” a spokesperson told CNBC. “We are aligning our approach to venture investing more closely with our business units and repositioning Comcast Ventures under the strategic business development team at Comcast Cable.  Our business development teams across the company continue to invest in new technology and businesses, which we believe will yield more strategic opportunities and benefits for Comcast and the companies in which we invest.”- Advertisement – – Advertisement –center_img Brian Roberts, Chairman and CEO of ComcastDavid A. Grogan | CNBC – Advertisement –last_img read more

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first_img(REUTERS) – India Test captain Virat Kohli remains sceptical on the accuracy of ball-tracking technology but hinted India might be ready to finally embrace the Decision Review System (DRS).The influential Indian cricket board (BCCI) has been a staunch opponent of the DRS system, which aims at reducing umpiring howlers by detecting edges and predicting ball trajectory to get correct catch and leg-before decisions.The BCCI does not allow DRS in bilateral series involving its team but Kohli said they had been discussing the issue for a while.“We want to definitely think about it but it’s something we have had discussion on and certainly look to probably introduce it in future,” Kohli said on the eve of the second Test against New Zealand at Kolkata’s Eden Gardens.“These are the things we have had meetings on. There were areas which we felt can be debated … specially the ball-tracking and the Hawk-Eye.”“We won’t take (erroneous umpiring) decisions too hard because we in the first place decided that we won’t use DRS. For us to say then that umpires made an error and it’s going against us, it’s not logical.“Once DRS is in place, once DRS is up and running for us as well, then you can say what are the grey areas.”Addressing media in place of New Zealand skipper Kane Williamson, who is down with a bug, opener Tom Latham vouched for technology.“I suppose we’ve had it in the past back home and it is a good system that tends to work,” the left-hander said.“It gets rid of that decision that probably isn’t out or is out, that major decision that is called incorrectly. We enjoyed it back home, if (India started using it) that’d be great.”Williamson skipped training but would be available as the tourists seek to level the series after losing the series opener in Kanpur, Latham said.“Kane is a little bit ‘crook’ today so he won’t be training. There is no discomfort, he is just down with a bug. Nothing too major, he is just resting up and getting right for tomorrow.”Kohli confirmed off-spinner Ravichandran Ashwin, who claimed half the Kiwi wickets in Kanpur despite bowling with a corn on his middle finger, was available for the match.The India captain did not rule out off-spinner Jayant Yadav making his Test debut in a three-pronged spin attack.“We felt adding an off-spinner, because they have five left-handers in their batting line-up, would help us at a stage where possibly we are looking to play three spinners,” Kohli said.“The whole idea was to bring in another guy who can bowl at the left-handers.”last_img read more

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first_img0Shares0000The Mayor of Milan has apologised to Napoli’s Senegalese defender Kalidou Koulibaly for racist chants during the match against Inter © AFP / Marco BERTORELLOROME, Italy, Dec 27 – The mayor of Milan said on Thursday he was ashamed of the racist chants directed at Senegal defender Kalidou Koulibaly during Wednesday’s Serie A match between Inter and Napoli at the San Siro.Sala also asked the Napoli player for forgiveness on behalf of the city of Milan. The 27-year-old had been subjected to monkey noises from home supporters throughout the match. He was later sent off as Inter won the game 1-0.Victory, though, was overshadowed by the chanting.“The boos aimed at Koulibaly were shameful,” said Sala on Facebook.“A shameful act towards a true athlete who wears the colour of his skin with pride.”The mayor, who was at the San Siro for the match, said he would continue to go to games but would not tolerate any racist chanting.“I will continue to watch Inter but at the first chant I will make a small gesture. I will get up and leave. I will do it for myself, aware that whoever abuses a black athlete won’t give a damn about me,” said Sala.“I apologise to Kalidou Koulibaly on my own behalf and on behalf of the people of Milan who testify to feeling that we are brothers even in these difficult times.”Napoli coach Carlo Ancelotti revealed that the Napoli staff had asked the referee three times to suspend the match because of the chants.“The solution exists,” Ancelotti told Sky. “You have to stop the match. You just have to know when, after how many announcements. And if we don’t know, then next time we may have to stop play ourselves.”Koulibaly apologised on Twitter for the defeat and being sent off but said: “I am proud of the colour of my skin. (Proud) to be French, Senegalese, Neapolitan: a man.”0Shares0000(Visited 1 times, 1 visits today)last_img read more

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