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Tiger Global Partner Alex Cook Leaves Firm, Sources Say

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Alex Cook, a partner at Tiger Global who has overseen among the largest investments within the financial technology sector, is leaving the firm after nearly seven years, three people aware of the matter told TechCrunch.

Cook has informed multiple people around him in regards to the news of his departure in recent days, although he has not explained why he’s leaving. The sources requested anonymity since the discussions were private. A Tiger Global spokesman didn’t immediately reply to a request for comment.

His departure joins other high-profile departures at Tiger Global. Scott Shleifer, who previously led the firm’s private equity division, resigned last yr. John Curtius, who led the firm’s software investments, left at the tip of 2022.

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Cook anchored multiple fintech deals for Tiger Global, including TradingView, TrueLayer, Scalapay, Xendit, Selfbook, Fazz, Jar, and Refyne. The median deal size of his deal was around $35 million, while the median valuation was over $250 million, in line with PitchBook.

The departure got here as a surprise to at the least among the founders. Cook had been chatting with the founders steadily—several times every week, by some accounts. He had taken on responsibility for managing relationships with among the startups within the portfolio that Shleifer had previously overseen, in line with people aware of the matter.

Cook has focused heavily on emerging markets, particularly India, where he has steadily visited and met with founders in person. For example, in July 2022, he told founders in Bengaluru, India, that Tiger Global was going to decelerate its investment pace, TechCrunch reported on the time.

The development comes at a difficult time for Tiger Global, which recently raised $2.2 billion for its latest VC fund, its smallest fundraising in a decade and a stark contrast to previous years, when investor demand was strong and allowed the New York giant to lift larger funds, including a record $12.7 billion fund.

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Amid a difficult fundraising climate marked by investor wariness toward VC and personal equity investments as a result of falling valuations and a slowdown in deals, Tiger Global announced a big leadership change in November, with founder Chase Coleman taking on the role of enterprise chief from Shleifer. Coleman took responsibility for managing relationships with among the company’s key portfolio startups around the globe, in line with people aware of the matter.

This article was originally published on : techcrunch.com

Technology

Fanbase of the Isaac Hayes III social application over USD 5.2 million, gains traction when Tiktok Ban is approaching

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Isaac Hayes, Karen, gated cmmunity


As the Tiktok Ban, the social application of Isaac Hayes III, Fanbase, has approached, gained adhesion from over $ 5.2 million secured by social financing.

Hayes, son of the legendary R&B singer, Isaac Hayes, founded the social media platform in 2018. According to the website, the creators can earn Revenues through their content. In addition, users can get money because of the interactions in the application. The platform, although free, also has levels of subscription to go further with monetization.

“For people who value content and community, fanbase is a free, free new generation social network that allows each user to earn money from the first day,” explains the company’s website.

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Although it has been available for years, the application is gaining latest popularity, because TiTOK time ends in the United States. The platform based in Atlanta also increased on the App Store charts. Fanbase has recently won a spot for six social media rankings and 16 in the general downloads of the App Store. In this manner he also exceeded 5 million milestones in social financing.

Hayes wrote about reaching LinkedIn in the post.

Hayes not only wants society to hitch the application, but participate in its development as investors. According to Afrotech, users It can occur Investors for a minimum amount of USD 399 per black start-up.

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He hopes that he’ll turn out to be one other dominant social application on the market, which allows every user to find a way to make a profit.

“I am the only recognized black application for social media, which exists currently founded on the entire planet, but is owned by infrastructure and property,” said Hayes Podcast “Black Tech Green Money”.

“Instead of being clients of our creations, we transform our innovations into acquisitions, and therefore this is my pitch to tell people:” Look. Facebook and Instagram is not going to be, and Tiktok is not going to be the king of the hill. There is no activity that lasted and dominated constant. Everything is falling. “

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(Tattranslate) Social media

This article was originally published on : www.blackenterprise.com
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Ex warehouse worker earns 132,000 USD without a bachelor’s degree

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WAREHOUSE WORKER, SALARY,

The 33-year-old Scrum champion reveals his journey to success.


Meet Shanelle Gibson, 33-year-old Scrum champion, who now earns $ 132,000 per year-just a decade after the work of 12-hour warehouse changes for just USD 15 per hour-and-board of the diploma.

“Regardless of whether you succeed in college or not, it does not specify who you are as a person”, he said CNBC will make him as a part of the abandonment of a series of steps.

“You can read books and take camps for online; There are so many ways to improve your skills. Whatever you want to do, if you have the right attitude and you put your job, you will achieve it. “

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It all began in 2015, when the 23 -year -old Gibson had a revelation when putting clothes within the warehouse. She realized that her current work was not a profession path she had imagined.

Gibson watched his friends graduated and introduced high careers. At the identical time, she navigated her own path after leaving Valdost State University in Georgia to avoid combating student loans’ debt.

“I just had the” moment Aha “in which I looked around these mountains of boxes and tired people working with me and I thought:” I should not be here; I feel that I’m intended for the proven fact that it’s greater than this minimum wage. I’m not joyful – Gibson remembered. “It prompted me to quit smoking and I just started to apply everywhere.”

Definitely to make a change, Gibson sent her CV to Craigslist, through which the Recruitment Manager at ParkingSoft, Startup of Parking Management Software, noticed her request and invited her to conduct an interview on the role of a telephone dispatcher on the office in Atlanta. After securing the work, Gibson quickly impressed her team and was promoted inside a few weeks to a customer support analyst due to her initiative in solving clients’ problems, and never simply transferring connections to the service team.

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Experience, along together with her earlier work in retail trade, all supported in Gibson’s passage to master work.

“This work started my technological career,” she said. “All technical skills I have learned to do this work – from SQL [a programming language] to Jira [project tracking software] He made me a more confident, competitive candidate for higher paid technological work, even without a diploma. “

After servicing several roles of customer support, Gibson was increasingly frustrated by the monotony of labor. A friend suggested that she discover that she became a Scrum master. After further review, Gibson decided to participate in a two -day course of USD 400 at Scrum Alliance.

According to Courser, Master Scrum is “the use of agile project Management to the master Project, teams and team members. Because Scrum Masters can work in many settings, your tasks and responsibilities may differ. Depending on where you work, you can deal with the role of a facilitator, trainer or project manager. ”

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Shortly after obtaining the certificate, Gibson secured her first position of Scrum champion in Unitedhealthare. In 2022, she developed her profession, joining her current company because the important master of Scrum, winning an annual salary of over 100,000 USD.

“I knew that I was talented and busy, but society tells us that you need a higher degree to find a high paid job,” she said. “The blow to this milestone helped me understand that there is no special formula to get six characters; It depends on you how hard you want to work on this goal and not allow you to limit you a kind of requirements. “


This article was originally published on : www.blackenterprise.com
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Macron will present an investment package worth USD 112 billion, France’s response to Stargate Stargate

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French President Emmanuel Macron answers questions of French Journalist Laurent Delahousse and Indian Journalist Palki Sharma Upadhyay during a televised interview broadcasted on TV channel France 2 and in India on the eve of the Artificial Intelligence (AI) Action Summit, at the Grand Palais, in Paris, on February 9, 2025.

At the tip of the local time of local time, the President of France, Emmanuel Macron, announced a complete of EUR 109 billion in private investments within the AI ​​ecosystem – or about $ 112 billion at current exchange rates. This week, Paris hosts the Summit of Artificial Intelligence Action – the third international peak focused on AI after previous events in Bletchley Park, Great Britain and Seoul in South Korea.

“I can say that Europe will accelerate tonight, France will accelerate,” said Macron in an interview with France 2 and the primary post of India, raising EUR 109 billion investments in artificial intelligence, which he said that he could be deployed “in the next few years “.

He added that a pot of cash is represented by “exactly the equivalent of France of what the United States announced from Stargate – $ 500 billion – is the same indicator.” (With 68 million inhabitants France has 5 x fewer people than the USA)

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TechCrunch began counting all investment guarantees from foreign and native players who’ve been entering the previous couple of days. From EUR 30 billion to EUR 50 billion from the United Arab Emirates (and MGX), EUR 20 billion from the Canadian investment company Brookfield, EUR 10 billion from BPIFRANCE and EUR 3 billion from the French Telecommunications Company Iliad, we achieved a complete of up to 83 billion EUR (USD 85 billion) from Sunday.

Several corporations haven’t yet announced their plans. During the interview, Macron mentioned Orange and Thales as other investors in this system.

Most investments will be allocated to latest data -oriented data centers. Hence the comparison with Stargate.

Macron also discussed the French AI startups, which moved their headquarters to the USA, corresponding to Mistral, Owkin and Wandercraft. He said that he believes that Europe remains to be competitive when it comes to the beginning of artificial intelligence – even suggesting that Deepseek is an opportunity to catch up.

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“There was a race to increase the scale. Everyone thought you always had to be bigger and stronger. What did Deepseek do with his open models? They took all available innovations from the latest OPENAI model and adapted them to their own model, using a more economical approach, “he said. “Everyone will continue to do it. And that’s why you have to be in this race. “

Mistral Data Center project

Arthur Mensch, co -founder and general director of Mistral, also announced plans to invest billions within the AI ​​cluster. The Paris company might be the one European company working on foundation models that may compete with models corresponding to Alibaba, Anthropic, Deepseek, Meta, OpenAi and others.

“We will do something and invest a few billion euros in a cluster that will be created in Essonne so that we can train even more efficient systems in a few months,” said Mensch on the French TV1 TF1.

The commercial may very well be seen as one other response to the Stargate project, an investment program worth $ 500 billion run by OpenAI and Softbank to construct many data centers for AI within the United States.

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Reminding that almost all of the French electricity production comes from nuclear power plants. France also produces more electricity than it uses.

Because technology corporations have a look at latest locations of hungry power centers-ideally driven by electricity without coal-francity can introduce itself as an ideal location in Europe for these projects.

“In France we have an extraordinary advantage. We produce one of the most decarbonized, controlled and safe electricity in the world, “said Macron, adding:” We have the safest and most stable network. And we export this low -emission electricity. “

According to the French president, the country exported 90TWh of electricity to neighboring countries in 2024. France is now planning to use this law to attract foreign investment.

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(Tagstranslate) France

This article was originally published on : techcrunch.com
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