Day: May 1, 2019

Are Climate Action Supporters Avoiding the Green New Deal Label?

Source: Forbes Innovation On:

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Has the GND label become a taboo even among climate action supporters? We looked at U.S. Congress co-sponsors and 50 top environmental organizations. We find House members from safe liberal districts sponsor it and a handful of environmental organizations endorse it.

Fair Pay To Play And Video-Game Likeness: Revisiting The NCAA’s Restrictions On Athlete Compensation

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Is the NCAA’s compensation ban on image rights reasonably necessary to maintain the high demand for college football and basketball? Should the reform on these issues come from an antitrust court or federal legislation? We put these questions to three experts following the NCAA antitrust litigation.

How Two Millennial Women Disrupted The Bridal Industry And Landed Serena Williams As Investor

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Floravere, a direct-to-consumer wedding dress company, is the brainchild of Molly Kang and Denise Jin, two friends who set out together to disrupt the traditional bridal industry and quickly brought on board Serena Williams’ Serena Ventures as well as Felicis Ventures as investors.

Juul, the San Francisco e-cigarette startup that city officials want to kick out, is trying to buy a 29-floor office tower in the heart of the city

Source: Business Insider On:

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Juul Labs, an e-cigarette startup that has raised more than $12 billion in funding, is reportedly nearing a deal to purchase a high-rise building in downtown San Francisco to house its rapidly growing staff.

According to a report in the San Francisco Chronicle on Wednesday, Juul has its sights on 123 Mission Street, a 29-floor building near the city’s Transbay area in the Financial District. The company recently purchased a renovated historic building near Pier 70 in the city’s developing Dogpatch neighborhood, the report said.

Read More: Founders Fund made its first alcohol investment. Here’s how the 28-year old woman who founded the company is trying to change drinking culture for the better.

Juul spokesperson Ted Kwong would not confirm the report, but said that the company had grown from 200 employees to 2,000 in the last year, with a a majority of the workers located in the company’s San Francisco headquarters.

“As a result, we are currently looking for additional office space in San Francisco and the surrounding Bay Area, but we have nothing to announce at this time,” Kwong told Business Insider via email.

Juul first gained notoriety for its aggressive marketing for its flavored e-cigarettes aimed at teens. The company is now partly owned by Altria, the tobacco giant that makes Marlboro cigarettes, and has come under intense scrutiny from federal and local health officials for its claims that vaping is a healthy alternative to cigarettes.

According to the San Francisco Chronicle report, the building in question is five times the size of the company’s current office space, and was last sold in 2018 for $290 million. If Juul purchases the building, the deal will be one of the largest in San Francisco history for a tech company that doesn’t specialize in real estate, according to the report.

The company’s Dogpatch presence ignited a firestorm among San Francisco politicians and residents, and officials introduced legislation in March that would prohibit e-cigarette companies like Juul from occupying city-owned property, according to a San Francisco Chronicle report.

SEE ALSO: Divvy, the Utah startup that keeps a safe distance from the ‘noise’ of Silicon Valley, just raised $200 million in its 3rd funding round in a year

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