‘Jones’ Tagged Posts

Daniel Jones is alleged to have left International Founders Capital to ‘elevate his personal fund’

International Founders Capital, the enterprise capital arm of Rocket Web, has seen various its London funding group depart over the past couple o...

 

International Founders Capital, the enterprise capital arm of Rocket Web, has seen various its London funding group depart over the past couple of years, however probably the most vital departure could have solely simply occurred.

Based on a number of sources, Daniel Jones, Basic Associate at GFC, has left the VC agency and is considered planning to boost his personal fund. A spokesperson for GFC declined to touch upon the document when requested to verify he’s not at GFC. Jones couldn’t be reached for remark on the time of publication.

Rumours of Jones’ departure started circulating in late March, and someday in April portfolio firms have been knowledgeable by GFC about adjustments within the U.Okay. group and particularly that he was leaving. Individually I perceive from a number of sources that the reason is given by GFC is that Jones has determined to take up the problem of elevating a fund of his personal.

Maybe an indication of how depleted the GFC London group is correct now — within the final two years, the agency has misplaced affiliate Julien Bek to Accel, affiliate Julia Morrongiello to Level 9 Capital, and precept Nicholas Shares to White Star Capital — various portfolio firms are being informed that Rocket Web co-founder and CEO Oli Samwer is to be their essential contact for now going ahead. He’s primarily being supported by GFC Associate Levin Bunz, based on an individual acquainted with the matter.

In the meantime, Jones’ exit from GFC is sure to be a loss to the U.Okay. tech startup scene, even when he does go on to ultimately elevate his personal fund. He was and stays a well-liked determine amongst GFC portfolio firms and as a Basic Associate was all the time any individual thought to have the ear of Samwer, and due to this fact an influential determine at GFC and Rocket Web.

As one supply with information of how GFC operated within the U.Okay. put it: “Daniel Jones was an important non-Samwer at International Founders. He constituted not less than half of the decision-making and the vast majority of the legwork on each time period sheet GFC issued.”

Based on his LinkedIn profile, Jones’ U.Okay. GFC investments embrace Goodlord, Echo and Nested. In the previous couple of years, the stage-agnostic VC agency has additionally backed U.Okay. startups Quiqup, OpenRent, and HomeTouch, amongst others.

Russian hackers breached Dow Jones for trading tips: Bloomberg

 

Russian hackers breached Dow Jones for trading tips: Bloomberg

The Federal Bureau of Investigation, Secret Service and the Securities and Exchange Commission conducting an investigation that began at least a year ago, Bloomberg reported.

“Since Bloomberg published his article, we have worked hard to establish whether the allegations contained in it is correct. To date we have not been able to examine such evidence to find” – Dow Jones spokeswoman Colleen Schwartz said in an email.

Dow Jones, the publisher of the Wall Street Journal and a unit of Rupert Murdoch’s News Corp., publicly last week, a violation of its systems that put payment card and contact details of approximately 3,500 individuals.

Dow Jones said that there was unauthorized access to its systems at certain times between August 2012 and July 2015

“We are aware of the Dow Jones burglary and looking for it” – FBI spokesman Kelly Lang Messer said via e-mail.

Lang Messer added she could confirm nothing else in the Bloomberg report.

The hackers sought information, including stories prepared for publication, Bloomberg said Friday, referring to two people familiar with the investigations.

The Secret Service could not immediately be reached for comment on the Bloomberg report. The SEC declined to comment

(Reporting by Supantha Mukherjee, Jessica Toonkel and Joseph Menn; Editing by Savio D’Souza, Sriraj Kalluvila and Michael Perry).