Posts Tagged ‘#VentureCapital’

Two new projects moving through Port of San Diego Blue Economy Incubator

Posted on: March 22nd, 2021 by Kirenaga Partners

The Port deployed the incubator’s seventh project, ecoSPEARS, which will remove PCBs from contaminated sediments in America’s Cup Harbor; and approved its ninth project, FREDsense, which will provide real-time metals analysis for stormwater monitoring in the bay.

SAN DIEGO—In the same way Silicon Valley made a name for itself in the technology field, some at the Port of San Diego are hoping to do the same for San Diego Bay in the blue economy sector. The Port created the Blue Economy Incubator in 2016 to launch blue tech ventures in the bay and the seventh project to come out of the program was recently deployed and a ninth was recently approved.

“There’s no reason why, just like the Santa Clara Valley came to be known as the Silicon Valley, that the San Diego Bay could one day come to be known as the blue technology bay,” said Port Commissioner Rafael Castellanos.

On Dec. 14, ecoSPEARS was deployed in America’s Cup Harbor for a two-year pilot project. ecoSPEARS uses a NASA-developed technology, Sorbent Polymer Extraction and Remediation System (SPEARS), to remove toxic contaminants from sediment and will be used in the harbor to remove Polychlorinated Biphenyls (PCBs).

“The goal here is to help develop technologies that will result in a cleaner bay,” Castellanos said.

SPEARS uses a scalable mat-liner of plastic spikes filled with a proprietary reagent to reach contaminated sediment around challenging areas such as piers, harbors, pylons, or sensitive wetland areas where dredging may not be feasible. The technology absorbs PCBs like a sponge without the use of any harmful chemicals or byproducts and without harming the aquatic habitat.

Read the full article here

Franklin Templeton buys AdvisorEngine in bigger play for advisor desktop

Posted on: May 6th, 2020 by Kirenaga Partners

AdvisorEngine’s platform includes several pieces of core financial advisor tech, including CRM, portfolio management, reporting, marketing and a white-label robo advisor.

Franklin Templeton plans to use AdvisorEngine to create new proprietary technology, including a goals-based financial planning tool and digital portfolio construction analytics. Future products will emphasize “smart automation,” especially the next generation of Junxure, an advisor CRM AdvisorEngine acquired in 2018.

“We’re in the midst of the fourth industrial revolution, and technological advances are reshaping how financial solutions are delivered,” said Franklin Templeton CEO Jenny Johnson in a statement.

Read the full article here and another release here

Connecting Potential Investors with Local Tech Entrepreneurs

Posted on: January 16th, 2020 by Kirenaga Partners

Digital technology has often been referred to as “the modern frontier” or “the electronic frontier,” recalling images of homesteads, covered wagons, and fur skin caps. But Tuesday’s Upsurge Florida event—organized by Economic Development Administration, in coordination with the Sarasota Chamber of Commerce and Bridge Angel Investors, and quietly paid for by Goldman Sachs—used a different image: open water. Framed by beautiful Sarasota Bay, the event occurred at the Sarasota Yacht club, and sought to connect potential investors with local tech entrepreneurs. Water spanning towards the horizon, teasing endless possibility, made a compelling image for an event provoking its attendees to imagine a brand new Florida. A Florida where the capital, like the water, is fluid and plentiful.

The tone of the event was educational—a succinct one hour program (sandwiched between two leisurely paced mixers), aimed at walking its audience through the idea of investing in small scale, early-stage technology companies. Attendees were ‘accredited investors’ meaning that they met certain SEC standards for net worth and minimum income. Speakers like StarterStudio’s Terry Berland, an alumni of McKinsey Consulting, and a veteran of the technology industry, walked these potential investors through Tampa Bay’s financial and academic landscape.

“We see Sarasota-Bradenton as a part of Tampa Bay,” said Terry Berland. “Tampa Bay in our minds is Tampa, St. Pete, Lakeland, Sarasota-Bradenton and all the points in between. We got this grant to promote awareness of the tech industry in the entire 1-4 corridor, and Sarasota is one of our main assets in that pursuit.”


Posted on: April 15th, 2019 by Kirenaga Partners

Two weeks ago, the ride-sharing company Lyft had its IPO – raising more than $2 billion with a $20+ billion market cap. Since then, Lyft’s stock price has declined by 16% while the overall market has risen.

But here’s the deal: investors who think Lyft has been a failure are Missing the Game. Quite simply, investment alpha is no longer being generated by the public markets. Rather, investment alpha is being generated and captured in the private markets, and those investors who fail to realize that the game has changed are suffering poor portfolio returns as a result.

In this newsletter, we dissect trends in the overall marketplace and the specifics of the Lyft transaction. We focus on who gets paid and the implications for individual investors and their investment portfolios.

Click on the link below and read away. We think you’ll enjoy it, and may even give some serious consideration to re-positioning your portfolio.

Kirenaga Observations: Lyft Off?

Yale Endowment Allocation to Venture Capital Approaches 20%

Posted on: March 11th, 2019 by Kirenaga Partners

The Yale endowment, one of the largest of its kind and pioneer of the alternative investment heavy strategy now so popular across the industry, has increased its allocation to venture capital to 19% as of June 2018. This continues a trend of increased emphasis on venture capital strategies. The allocation to venture capital has risen sharply from the 13.7% weighting seen in 2014.

Perhaps unsurprisingly, we share the endowment’s bullish assessment of venture capital as an asset class. Therefore, we hope this development encourages more investors to consider venture capital allocations for their portfolios.

Finally, you can read a Bloomberg News Network piece on the changes to the Yale portfolio at the link below.

Full Article