Famend investor Kevin Ryan thinks the massive cash is in healthcare – TechCrunch

Kevin Ryan has become very wealthy by being in the right place at the right time – including the online advertising network DoubleClick, which he joined as the twelfth employee and eventually headed as CEO (it was later acquired twice) – as well as co-founding numerous companies , including software company MongoDB, which is currently valued at around $ 30 billion as a publicly traded company. (Ryan still owns “at least half of my shares” in the company, he says.)

The other day we spoke to Ryan about his biggest and newest bet on health technology. As we reported earlier, his investment firm AlleyCorp is stalling $ 100 million mostly of Ryan’s own capital into creating and funding outfits in space – on top of the roughly 20 related bets the outfit has already made. We wondered how he got so involved when his previous projects had almost nothing to do with each other. You can hear this conversation here or view excerpts below.

TC: To someone who is not careful, your extreme focus on health technology comes as a surprise. What sparked your initial interest?

KR: One of the things I always do from the AlleyCorp perspective is to think about what 5 to 10 year trends we want to bet on. Some areas can be overcrowded and you think there is no chance, everything is already taken care of. And sometimes you think there is a great opportunity. And so, two or three years ago, I felt like there were huge opportunities in both New York and healthcare in general because there are so many aspects of the healthcare system that are just not working well. It’s incredibly expensive, the electronic records aren’t great, it’s super inefficient. Most of us are very frustrated with this whole health system, which means opportunity.

TC: You mostly oversee your own capital here. Why not borrow billions of dollars to invest, which you, as a proven entrepreneur and investor, could probably do in this current market?

KR: Partly because the area of ​​the ecosystem in which I like to play and in which I feel most comfortable and know best is still in its early stages. So, do I want to invest in a $ 3 billion company and hope it hits $ 10 billion? I don’t really play there. I want to be in the early stages where it’s riskiest and that just requires less capital. By the way, we are not tied up with capital, otherwise we would not bring all these other things to the market [including incubating a number companies inside AlleyCorp like Nomad Health, which raised a $63 million round earlier this year, and Pearl Health, which closed an $18 million round in September].

When we start a new business, we have to bring in $ 1.5 million to $ 2 million to get a business off the ground and then we raise money [from] outside and when we have to raise a lot of money, we collect a lot of money and keep investing, we try to limit our investment in a single company to around $ 10 million. But no, there are many options. And here I want to play.

TC: And this model works even in a world where we are now seeing $ 100 million seed rounds?

KR: The changed environment only helps us. Take pearl health. We have invested $ 1.5 million in this company and are starting with a large equity position. It depends on the company, but we’ll probably have 30-60% somewhere between our partners because the management team has a lot and sometimes there are co-founders on it, so it’s a great position.

Then a company like Andreessen Horowitz comes with a high valuation, a big step up – and we put another $ 3 million or $ 4 million into that round – but we decide who comes in. And by the way, if there is a round at, I don’t know, $ 400 million, then we’re probably going to stop investing. That’s what happens to seed capital. Other big buys will come, we will be watered down, and that’s not a problem. Our money is most effective when we think we can make 10 times our money.

TC: So you are not interested in participating in the later stages.

KR: No. I’ve invested every now and then. We just put a ton of money into Nomad, and Nomad is valued at around $ 250 million. But I think it’s a $ 2 billion company that can be started, so I still feel good about it [our bigger investment], but it’s probably the last round we’ll invest in. There are other people out there who play the role of investing money who think they will get 2 or 3 times the return on it, which is fantastic for their fund. You are much later; they’ll just be inside [a company] for five years. We want to put our money in, be in it for nine years and earn 100 times our money,

TC: Many of your contemporaries are beginning to step out of the venture capital industry, or at least out of their companies. I was wondering how you feel about it. Do you have a right hand at AlleyCorp? What if you decide to step down at some point?

KR: First of all, I don’t think that’s going to happen anytime soon. But you know it’s Brenton [Fargnoli], Conduct health efforts; it’s wendy [Tsu] who works in the non-medical field. And then I guess that in a year we will have two or three more partners and that I would be practically the managing partner of the company. But I’m fine for another 10 years.

Kevin O’Leary says everybody ought to speak about cash by the third date

Chocolate and flowers may be the first gifts when a couple first goes out, but if you ask Kevin O’Leary, the best thing you can give a new romantic partner is transparency about your finances.

The chairman of O’Shares ETFs and judge on CNBC’s New Show “Money Court” tells CNBC Make It that when a new couple is on their third date, they should put their cards on the table and “discuss your financial goals for the rest of their life”.

O’Leary, who also recommends couples sign a marriage contract before marriage, says the main reason couples split up is financial stress caused by factors such as different views on how to handle finances. By talking about money early on, couples can help avert nasty surprises down the line, O’Leary says.

“Are you in debt? Was your family bankrupt? Do you have a brother who went bankrupt? All of these difficult conversations have to be had before marriage, before people move in together,” says O’Leary. “Because within five to seven years they will manifest as the reason for the breakup.”

Couples shouldn’t argue about money, but rather come to an agreement, he says.

“Money is ultimately a family member,” says O’Leary. “Without a strong financial foothold, you cannot have a successful family and have to pursue and enjoy the same financial goals.”

While being honest about their finances early on with a romantic partner can be challenging and sometimes embarrassing, O’Leary believes that doing so will lead to stronger relationships.

“It’s a business, that’s marriage. It’s a personal business,” says O’Leary. “It’s a partnership, and what’s behind it? Cash flow. Not very romantic, but it’s the truth.”

Don’t miss out on CNBC’s new Money Court series starring Kevin O’Leary on Wednesdays at 10 p.m. ET.

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Do not miss: “It has no inherent value”: Kevin O’Leary calls Dogecoin “pure speculation”

Why Kevin Durant respects Draymond Inexperienced’s management fashion

What KD respects in Draymond’s leadership style originally appeared on NBC Sports Bayarea

Kevin Durant has had no shortage of Superstar teammates throughout his career. And as such, he was constantly surrounded by some of the most competitive and demanding players the NBA has to offer. Of course, he can be damn competitive and challenging himself.

Maybe that’s why he’s able respect Draymond Greens leadership style, even if the former Defensive Player of the Year has crossed the line more than anyone else Durant has played with.

“We’re all underdogs, of course, with chips on our shoulders because it’s hard to get here,” Durant said in Bleacher Reports “Chips with Draymond Green”. “But the person who went too far was always Draymond Green, to the point where I felt like you wanted to find out that you weren’t messing around. For example, you won’t run over me even though I have a … second round pick and I’m too small and not as skilled as you want me to be, or I don’t play the way you traditionally like for people my size. “

Obviously, there have been times when the chips on their respective shoulders caused Durant and Green to head into each other. especially their arguments in court during a game between the Warriors and LA Clippers in 2018. But Durant explained how he benefited overall from the way Green does his business.

“But you’ve pushed it to the point where it’s cool for me to be who I am and not keep apologizing for it,” Durant added, “because you don’t want to harm anyone, but you wanted to you finished, you wanted finished. And we all respected that. And we all thought of that as guys that get into the league and want to fit into this system so badly, want to be a part of this whole thing, then you realize you see guys who [are] just at their own little pace, and that’s more like my rhythm.

The story goes on

“So, a lot of guys I’ve played with, from [Russell Westbrook] to James [Harden] to [Kyrie Irving] to Steph [Curry] after Klay [Thompson], they all move to the beat of their own drum. That encourages a lot of people to do the same; not just basketball players, but people in general who just watch us. Since I was dealing with everyone every day, I started to think that way. I started to see the beauty in all of this shit. “

TIED TOGETHER: KD admits his only regret to Draymond about the Warriors’ tenure

Many have the resolution of. attributed to the dynastic warriors on the incompatibility of Durant and Green. But they certainly see each other a lot.

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Kevin Wilson Memorial Golf Outing raises cash for psychological well being consciousness

FORT WAYNE, Ind. (WANE) – A new golf getaway is designed to honor a lost life while working to prevent the loss of another.

The first Kevin Wilson Memorial Golf Outing took place at the Eel River Golf Course with the aim of raising awareness of resources that help people with mental health problems.

“It was basically to say that suicide is something that needs to be talked about more often,” said organizer Robert Freon, a friend of Wilson. “To let people know that they are in a crisis, that there is a place to go, that there is a place to call, they can even text them to get something . that they need help. And we’re here to help. “

Freon organized the event in honor of Wilson, who died of suicide last year. All proceeds from the event will go to Stop Suicide Now, in northeast Indiana.

“We’ve never had a big fundraiser for our organization,” said Colleen Carpenter. “We are staffed with volunteers who come from all walks of life to come together and find out what our community needs to stop suicide.”

The group creates and distributes educational toolkits and offers training to help people fight mental struggles … a problem they believe has increased since the COVID outbreak.

“COVID has been tough for a lot of people, with anxiety and depression going through the roof, especially among our young people,” said Carpenter. “So if someone thinks of suicide, please call a hotline. There are several text blinds out there that can help people, and I know Kevin’s family would like to be told to seek help with mental health problems or thoughts of suicide. “

Seeing the turnout they had in their first year reassures the people who knew and loved Wilson.

“It makes me so happy that everyone is out here supporting him and supporting him and the people who are going through what he’s been through,” said Brooklyn Robin, a friend of the Wilson family.

“There are a lot of people taking care of it,” Freon said. “And it means something. If we only save one person, if we save a life, that is our goal today. “

Kevin Feige hints at future MCU spin-offs | Leisure

Kevin Feige has pointed out future spin-offs and prequels in the Marvel Cinematic Universe.

The Marvel boss wowed fans by suggesting that “exploring the past, present and future of the MCU” is “on the agenda for all characters.”

During a press conference on ‘Black Widow’, the prequel in which Scarlett Johansson repeats her role as Natasha Romanoff / Black Widow, Feige said, “This movie and story is certainly a special case for Natasha.

“But the idea of ​​exploring the MCU’s past, present, and future certainly resides in the cards for all of our characters. This particular story of this particular line-up is very personal, very specific to Natasha. “

Meanwhile, the president of Marvel Studios recently stated that ‘Loki’ will have more “impact” on the MCU than any other show.

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Feige is convinced that the new show – with Tom Hiddleston as the title character – which just landed on Disney + will usher in a whole new era for Marvel, just like what was done for ‘WandaVision’ and ‘The Falcon and the Winter Soldier’ Happened.

He said, “It’s hugely important. It will maybe have more impact on the MCU than any of the previous shows. What everyone thought about ‘WandaVision’ and was kind of true, and ‘The Falcon And The Winter Soldier’, which was kind of true, applies even more to ‘Loki’. “

And the producer promised that the character would “evolve” throughout the show.

He teased what fans could expect from the show, adding, “They want to see the characters change and evolve after about six hours. We’re not doing these shows radically, are we?”

Assessment: Kevin Hart reveals vary in tearjerker ‘Fatherhood’ | Leisure

This picture, published by Netflix, shows Kevin Hart in a scene from “Fatherhood”.

This picture, published by Netflix, shows Melody Hurd (left) and Kevin Hart in a scene from “Fatherhood”.

Review: Kevin Hart shows reach in bags under the eyes 'fatherhood'

This picture, published by Netflix, shows Kevin Hart (left) and Alfre Woodard in a scene from “Fatherhood”.

Review: Kevin Hart shows reach in bags under the eyes 'fatherhood'

This picture, published by Netflix, shows Alfre Woodard from left, Thedra Porter and Frankie Faison in a scene from “Fatherhood”.

Film writer by LINDSEY BAHR AP

Kevin Hart can make us laugh and cry, it seems, even if the vehicle is practically designed to start the waterworks. in the “Fatherhood,” On Netflix on Friday he plays a new father whose wife dies shortly after giving birth and he raises his daughter alone.

To be fair, there were a lot of built-in bags under the eyes that failed (remember “Life Itself”?). But something has to go very, very wrong for a movie to mess up that premise. But “Fatherhood” doesn’t just work on this emotional level – it’s also a cut above the rest, thanks to a clever and funny and basically authentic script (directors Paul Weitz and Dana Stevens) and Hart’s inspired cast.

The story is based on Matthew Logelin’s memoir “Two Kisses for Maddy: A Memoir of Loss and Love” about the loss of his wife after the birth of their daughter. It has had a few other lives since its release 10 years ago, first as a lifetime movie, then as a Channing Tatum vehicle, before eventually landing Weitz (“About a Boy”) as director and Hart as its star.

Hart plays Matt, a Boston professional with a beautiful woman. The film introduces him at her funeral before cutting back how it happened. The script does a good job of introducing you to Matt and Liz (Deborah Ayorinde) and turning them into more than just a boring substitute for “woman” while you prepare for what’s to come. And of course it’s not about her, but about Matt and his little daughter Maddy. He doesn’t even have time to grieve. He has to keep a little person alive.

Kevin Hart guidelines out extra kids | Leisure

Kevin Hart’s house is “too loud” to have more children.

The ‘Fatherhood’ actor – who has Heaven (16) and Hendrix (13) with ex-wife Torrei and Kenzo (3) and Kaori (8) with wife Eniko – believes he has four children and confirms that he has no plans to give birth to more babies.

He told Entertainment Tonight, “Isn’t this house loud enough? I think it is, doesn’t it? I think it’s loud enough in here.”

“It is good. We’re in a good place, a family of six and a couple of dogs, there’s a lot going on right now, what we’ve decided, then that’s what it is.

“We love being parents, we love all the little ones we have now. I mean, we have teenagers and two toddlers, man. It’s the perfect age separation. It’s the perfect budget. It’s everything you’d think plus more. “

The 41-year-old star takes on a more serious role in “Fatherhood,” in which he plays a single father who copes with the sudden loss of his wife and takes pride in portraying a black father in a “positive light.” .

He said, “I’m going to play a black dad in a positive light. And I’m not a crack, I’m not in jail, I’m not a dead guy. He’s not a criminal. It’s like a guy that’s really trying to get one to find new meaning and reason, to live and to appreciate. “

Kevin believes the film is a “celebration” of black dads that he hopes can help eradicate stereotypes.

He added, “In my opinion it will be a festival and I think fathers in general can attend this celebration, but it has such a positive and powerful impact when this character is played a man of color and played along a narrative of the good associated with him.

“Think about it, it’s not something you see often. There’s a stereotypical bond that always comes with the black man clinging to the movie as a father. And this is an opportunity to break that, the narrative, too.” to change.”

Kevin Spacey’s film comeback | Leisure

Kevin Spacey is said to be celebrating his comeback on the big screen in “L’uomo che disegnò Dio” (The Man Who Drawn God).

The 61-year-old actor’s career collapsed three years ago after a series of sexual misconduct allegations were made against him. Kevin now plans to get back into acting by playing a detective investigating a wrongly accused pedophile in ‘L’uomo che disegnò Dio’.

The film will also star Vanessa Redgrave and is set to be directed by her husband, Italian filmmaker Franco Nero, who, according to The Telegraph, will play a blind artist wrongly accused of sexual abuse.

Meanwhile, last year, Kevin – who has denied the allegations against him – compared his situation to that of workers laid off due to the Covid-19 pandemic.

In the podcast “Bits & Pretzels” he said: “I think it won’t surprise anyone to say that in autumn 2017 my world completely changed.

“My job, a lot of my relationships, my standing in my own industry were all gone in a matter of hours.

“I don’t often like telling people that I can relate to their situation because I think it undermines the experience they may be having, which is their own unique and very personal experience.

“But in this case, I feel like I can relate to what it feels like when your world suddenly ends.

“And so, although we may have found ourselves in similar situations, for very different reasons and circumstances, I still believe that some of the emotional struggles are very similar.

“And so I have empathy for what it feels like to suddenly find out that you can’t go back to work or that you could lose your job and that it’s a situation that you have absolutely no control over.”

Kevin Feige: Casting Tilda Swinton in Physician Unusual was a mistake | Leisure

Kevin Feige thinks it is a “mistake” to cast Tilda Swinton in “Doctor Strange”.

The 60-year-old actress portrayed The Ancient One in the 2016 blockbuster, but now the president of Marvel Studios has admitted the backlash to cast her as the Tibetan guru was a “wake-up call” and he realized they could still avoid stereotypes hiring one Asian actor for the role.

Speaking to Men’s Health magazine, he said, “We thought we were so smart and up to date.

“We’re not going to do the old wise Asian man stereotype. But it was a wake-up call to say, ‘Well, wait, is there another way to find out? Is there one? Is there another way not to get in To guess the cliché and cast an Asian actor? ‘And of course the answer to that is yes. “

Marvel had previously defended themselves against allegations of “whitewashing” the character, insisting that they “regularly deviate from stereotypes” in their storytelling.

In a statement at the time of the backlash, they said, “Marvel has a very strong diversity in the cast of films and regularly deviates from stereotypes and source material in order to bring its MCU [Marvel Cinematic Universe] to live.

“The Ancient One is a title that is not exclusively held by one character, but rather a nickname passed down over time, and in this particular film the embodiment is Celtic.

“We are very proud that the hugely talented Tilda Swinton is this unique and complex character alongside our diverse cast.”

And Tilda previously defended her own casting as well, insisting that she be hired to avoid offensive stereotypes, as film directors wanted to avoid “that kind of Fu Manchu, an old man sitting on a mountain called The Ancient One.” .

She added, “You made this decision not to uphold these racist stereotypes.”

Kevin McCarthy rejects bipartisan plan for 9/11-style Capitol assault fee | US Capitol breach

House Republican leader Kevin McCarthy said Tuesday he was opposed to a proposal to set up an independent and non-partisan commission to investigate the deadly January 6 attack on the Capitol.

McCarthy’s opposition will undermine Republican support before it is voted on this week. Democrats control the house, but McCarthy’s opposition could reduce the legislature’s chances of setting up the commission in the evenly divided Senate.

In one statementMcCarthy accused House Speaker Nancy Pelosi of maliciously negotiating and “playing political games”.

He said: “Given the political misdirections that have undermined this process, given the now dual and potentially counterproductive nature of these efforts, and given the short-sighted scope of the speaker who did not examine the interrelated forms of political violence in America, I cannot read this legislation support. ”

McCarthy has long said the commission should look beyond the Capitol uprising and investigate left-wing groups protesting police violence following the murder of George Floyd.

Pelosi flatly rejected this approach and tried to model the body on the model of the non-partisan and independent 9/11 commission, which investigated and produced a report on the terrorist attacks in New York, Washington and Pennsylvania.

Bennie Thompson from Mississippi and John Katko from New York, the top Democrat and Republican on the House Homeland Security Committee, made a compromise proposal last week.

The commission would be split evenly between Democratic and Republican candidates, neither of whom serve government officials, and both factions would have to agree that subpoenas be issued.

Donald Trump supporters broke the Capitol in service of his lie that the election was subject to mass fraud and in an attempt to stop the confirmation of Joe Biden’s victory. Some rioters were looking for lawmakers, including then Vice President Mike Pence, to catch and possibly kill them. More than 400 were billed.

McCarthy said He supported federal efforts to hold attackers accountable, but claimed the proposed commission could disrupt such work.

Liz Cheney, the Wyoming representative who has been expelled from the leadership of the House of Republicans for opposition to Trump and tries to downplay the Capitol uprising. led calls for McCarthy, willingly or forced to testify regarding his conversation with Trump during the attack.

Washington state Republican Jaime Herrera Beutler said McCarthy told her when he asked the president to retrieve his supporters, Trump replied, “Well, Kevin, I think these people are more upset than the elections You.”

In a recent interview on Fox News, McCarthy Avoided questions about Beutler’s statement – but did not deny it.

Cheney told ABC last week, “I would hope he doesn’t need a subpoena, but I wouldn’t be surprised if he got a subpoena.”

But McCarthy has thrown his support behind Trump, whose rule over the Republican Party is almost complete despite his two impeachments – the second for inciting the Capitol uprising – and his final electoral defeat.

Capitol Police said this month that threats against members of Congress increased 107% year over year.