iStock/Thinkstock(SANTA FE, Tx.) — An active shooter incident took place this morning at Santa Fe High School near Galveston, Texas, according to the school district.Witnesses said a shooting took place in an art class, ABC station KTRK in Houston reported.School officials said a lockdown had been initiated.One student told KTRK she was in first period when the fire alarms went off. Students were told to evacuate and staff members instructed them to run across the street and hide.Police cars were seen swarming the scene and Bureau of Alcohol, Tobacco, Firearms and Explosives agents were responding.Harris County Sheriff Ed Gonzalez said sheriff’s county deputies are headed to the scene to help.Additional details were not immediately available.This story is developing. Please check back for more updates.
Future CityproptectTechnology “[Adam] Neumann played up WeWork’s prospects on the call and the conversation piqued [Vivek] Ranadivé’s interest.”— Reuters, on the WeWork founder’s role in facilitatinga SPAC deal with BowX Acquisition Corp. Share via Shortlink Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Click here to join the thousands of knowledgeable readers who subscribe to Future City. 8 years, $1.5B and 19,000 agents later … Compass goes publicFrom Compass’ launch in 2012 to its IPO last week, The Real Deal has chronicled the startup’s unmatched growth. On its first day of trading on April 1, the company’s stock closed at $20.15 per share — giving it a $7.7 billion market cap, or nearly $10 billion including fully diluted shares. The IPO raised a total of $450 million.“The goal was never a valuation, the goal was successful financing,” CEO Robert Reffkin said during an appearance on CNN. “And this met that goal.”A trip into the archives reflects Compass’ meteoric rise and the speed bumps it hit along the way.ADVERTISEMENT2013After an official launch in 2012, Urban Compass burst into public view with $8 million in seed funding. The rental firm’s debut press conference was attended by former Mayor Michael Bloomberg, but Compass quickly pivoted to sales and later dropped “Urban” from its name.2014It was the shot heard around the brokerage world when Leonard Steinberg joined the upstart firm, along with Gordon Golub, Kyle Blackmon and others. Rivals soon complained that Compass was attracting agents by writing big checks. “Every advisory business I know gives equity to the people that help build it,” Reffkin told TRD at the time.2015Amid a massive hiring spree, Compass was slapped with a string of lawsuits from rivals including Citi Habitats, Corcoran, Brown Harris Stevens, Modern Spaces and Saunders & Associates. The Corcoran case stood out for revealing a job offer from Compass. All the suits were settled, except Saunders’, which prevailed in a jury trial in 2018.2016Compass became a unicorn, but questions lingered regarding how it calculated annual sales figures. Reffkin insisted investors weren’t pushing an IPO anytime soon.2017Compass raised $550 million in the span of several weeks — $100 million from Fidelity followed by $450 million by SoftBank. At the time, it was SoftBank’s biggest bet yet on real estate tech.2018SoftBank invested another $400 million in Compass, which announced an audacious plan to capture 20 percent market share in 20 major U.S. cities by 2020. “There’s nothing that will stand in the way of their growth now,” industry consultant Steve Murray told TRD at the time.2019In a pivotal year, Compass raised $370 million (at a $6.4 billion valuation), lost a string of high-profile execs and defended itself against comparisons to WeWork, after the co-working firm’s botched IPO attempt. In July 2019, Compass was slammed with a wide-ranging lawsuit from rival Realogy.2020A few months into the new year, Compass was still working toward the 2020 by 2020 goal — with mixed results. As it marched toward an IPO, Compass beefed up its C-suite and board of directors.2021Compass filed confidentiality for an IPO, but its contracts with agents, which have tough golden handcuffs, increasingly came under scrutiny. The firm’s S-1 dropped in March, revealing $1 billion in cumulative losses, $3.7 billion in 2020 revenue, and a $270 million net loss the same year. Although it initially targeted a $10 billion valuation, Compass downsized the offering a day before the IPO. On April 1, Reffkin and Ori Allon rang the opening bell. Zigg, don’t zaggDave Eisenberg’s Zigg Capital just raised what appears to be the second-biggest venture fund focused on proptech.The $225 million fund is more than double the size of Zigg’s first fund, which deployed $100 million into 25 startups since 2018. Zigg will continue to focus on early-stage startups but will be able to write bigger checks and participate in growth-stage rounds.At $503 million, Fifth Wall has the biggest proptech fund. But Zigg isn’t the only one raising bigger funds. Camber Creek closed a $155 million proptech fund in October, and Metaprop is raising a $200 million growth-stage fund. Eisenberg, who sold 3D imaging startup Floored to CBRE, co-founded Zigg with ex-Morgan Stanley analyst Ryan Orley. Its portfolio includes VTS (lease management), Kasa (short-term rentals) and Snapdocs (online closings). An IPO never looked so good …Porch Group cut its losses in half in 2020, after going public in one of proptech’s first SPAC deals.The home-services company reported $51.6 million in net losses in 2020, down from $103.3 million in 2019. On paper, revenue dropped 5 percent to $73.2 million. But that didn’t account for divestitures, including Serviz, a home-repair company Porch sold.CEO Matt Ehrlichman called 2020 a “transformative” year for Porch, which announced its $523 million merger with Proptech Acquisition Corp., in July. Despite shaky finances, Ehrlichman said the deal gave $200 million and no debt. Porch’s valuation soared to $1 billion ahead of trading. It was trading close to $18 last week, giving it a market cap of $1.6 billion.STAT OF THE WEEK48%Drop in tech companies’ office leasing in 2020, per CBRE. TAMI tenants still leased more space than any other industry. Tags Lennar’s Midas touchLennar could make $1.5 billion from its prudent proptech bets.The homebuilder has invested $324 million into 20 startups, reported The Information. Through LenX, its investing arm, Lennar made an early bet on Blend (now valued at $3 billion) and Notarize (which raised $130 million at a $760 million valuation last month).But its biggest paydays could come from Opendoor, Doma and Hippo.It has a 23 percent stake in title startup Doma, formerly States Title, that could be worth more than $800 million after it goes public in a SPAC deal. And it reeled in $470 million from Opendoor’s IPO last year. “They were very good at choosing the right partners, helping them grow, and did it at an opportune time,” Hippo CEO Assaf Wand said.Hear me roarTiger Global just raised a $6.65 billion fund — one of the biggest venture funds to date and even more impressive considering it only set out to raise $3.75 billion.While the Chase Coleman-led firm may be known for investing in companies like Peloton, Stripe and Roblox, it’s made some hefty bets on proptech of late. For one, it’s leading the $295 million PIPE investment in Matterport’s upcoming SPAC IPO.In February, Tiger also led a $110 million round in Divvy, a rent-to-own real estate startup, and a $95 million round in Rhino, a security-deposit alternative. Prior investments include leading a $55 million round in Qualia, a real estate closing software, and a $50 million round in NoBroker.com, a real estate portal in India. Digitizing mortgages for mom-and-pop lendersMortgage startup Maxwell just raised $16.3 million to help small and mid-sized lenders streamline their business.The Series B, led by Fin VC and TTV, will let Maxwell scale its offerings after a breakout year spurred by historically low interest rates.The Denver-based startup launched in 2016, and claims it has facilitated $100 billion in loan volume. After its refi business took off last year, Maxwell is now handling $6 billion in mortgage volume monthly.Maxwell uses loan data from a network of 250 lenders to provide real-time data that can be used to automate part of the underwriting process. The company targets community lenders that originate $50 million to $5 billion in mortgages per year.Small bytes✊ Knock, which pre-finances home purchases, hired bankers to weigh IPO options. It’s reportedly looking to raise $400M to $500M.🚧 nPlan, a London-based construction tech startup, closed a $18.5M round led by GV (formerly Google Ventures).🌞 SoftBank’s looking for 100K sf in Miami, where it’s committed $100M to local startups.🏢 Industrious hit 600K sf of flex space in Manhattan, with a new location West 30th Street.💰 Rently, a self-touring startup, said it raised money from McCarthy Capital, which invests $15M to $75M in companies with revenue of $10M+.💸 Rechat, which develops software for real estate agents, raised $1M from New Valley Ventures.
Greensky Bluegrass have delivered a masterful set of songs that strike a near perfect balance between instrumentation and imagery on their latest release, Shouted, Written Down & Quoted. Combining the hard work and dogged persistence that any enterprise needs to succeed with an inescapable emotional resonance effortlessly created, Greensky has moved the bar higher yet again. Hundreds of shows a year have afforded each member a chance to hone their skills individually, which the have taken to full effect. That said, it is their progression as a unit, various stringed instruments rising and falling in an ego-less effort to serve the song that has become one of Greensky’s most important dynamics.Listen to the full album streaming below, and check out our full length review:Never ones to shy away from big themes, Greensky opens the album with “Miss September,” featuring mandolin player Paul Hoffman showing his introspective side pondering issues of trust while picking a ringing lead. Hoffman dutifully provides a percussive heart for the rest of the band to play off, which they adorn with a circling rhythm that is both rich and light all at once. Though Hoffman’s voice is one of the most emotive and entrancing in the bluegrass world to begin with, the addition of a slight echo gives the world-weary viewpoint of “Past My Prime,” a sense of resignation and significance whose subtlety is another sign of the progression of the band as a whole.“Run Or Die” has a disturbing effect on listeners, as the deep tones strike subliminal emotional chords in listeners that evoke a primal fight or flight impulse which is hard to deny. On “Room Without A Roof” guitarist Dave Bruzza‘s gruff vocals take and contemplative picking the tempo down and the tone infinitely more tender and confessional. The gentle but persistent ebb and flow of the instrumentation matches the lyrical promise made that “…forever I’ll be waitin’ here for you” perfectly.For a band known for conveying complex concepts and feelings, the topic of things unsaid is a intriguing one. On “Hold On,” they play against type with sharp, staccato notes that come and go from the ether illustrating the nervous worry at the heart of the composition, but the moments of united jamming and shared chorus prove hopeful and uplifting. Emotions are provoked by the band in so many separate ways, from tempo changes at key moments to ratchet or loosen tension, plaintive howls from the ever expressive Hoffman or the singing nature of drop steel guitarist Anders Beck.Beck’s long and expressive notes are at the heart of some of Greensky’s most memorable music moments past and and present. On “Living Over,” he seems to sing through his strings during the ostensibly instrumental breaks while banjo player Michael Bont counters with rolling plucked lines that seem to tumble endlessly from the heavens. Once again the willingness to share the focal point adds to the effect of the music as a whole. Luckily for both of them bassist Mike Devol holds down the center of each song with a tone so spellbinding it borders on supernatural.When Greensky leans more towards the traditional sound of bluegrass, the faster pace and stronger acoustic instruments naturally take the center stage, as on “Fixin’ To Ruin” and album closer “Take Cover.” If and when the band wants to go exploring in the psychedelic end of the spectrum, they have not just the tools, but the affinity to meld the two extremes to an engrossing whole. Somewhere in the center of their varied dimensions, the core of the band expands with each intake of inspiration and exhale of new creation.The music of Greensky Bluegrass may arrive on studio releases, but their true lives begin on the road, where these songs are sure to find fans eager to add them to the pantheon of favorites from albums past. Shouted, Written Down & Quoted is a snapshot into a band at its prime. One day long from now, Greensky fans will be pondering questions of favorite songs and albums, and once again Greensky has added rich musical fuel sure to stoke the fires of future debates.Want to win an exclusive private picnic concert from Greensky Bluegrass at Suwannee Hulaween? Enter the contest below…
Although more than half of all new cancers and two-thirds of annual cancer deaths worldwide occur in low- and middle-income countries, with the cancer burden disproportionately affecting the poor, a new report offers upbeat, realistic recommendations on ways to alleviate the problem, according to a November 5, 2011 Lancet editorial.The report, Closing the Cancer Divide: A Blueprint to Expand Access in Low and Middle Income Countries, was released October 28 at a global conference at Harvard by the Global Task Force on Expanded Access to Cancer Care and Control in Developing Countries (GTF.CCC). The Task Force was convened in November 2009 by Harvard School of Public Health, Harvard Medical School, the Dana-Farber Cancer Institute, and the Harvard Global Equity Initiative.
Dell EMC World Austin provided the perfect opportunity to announce the latest enhancements to the Dell EMC market-leading portfolio of data protection software. Data domain Virtual Edition 3.0 along with Enhanced Cloud data protection and manageability and Prosupport One for Data Center highlighted the latest announcements.Alex Almeida (@alxjalmeida), Manager, Technical Marketing for Data protection reviews the high-level announcements this week on Dell EMC The Source Podcast. For the latest Dell EMC Data Protection announcements be sure to follow @DellEMCProtectDidn’t get a chance to visit Austin? You can check out all the keynotes and select breakouts sessions in the “Live” library hereDon’t forget to mark your calendars for Dell EMC World Las Vegas, May 8th – 11tt, 2016 at The Las Vegas Venetian.The Source Podcast: Episode #69: Dell EMC World Austin Data Protection UpdateAudio Playerhttp://traffic.libsyn.com/thesource/EMC_The_Source_Episode_69_audio.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. Don’t miss “Dell EMC The Source” app in the App Store. Be sure to subscribe to Dell EMC The Source Podcast on iTunes, Stitcher Radio or Google Play and visit the official blog at thesourceblog.emc.comEMC: The Source Podcast is hosted By Sam Marraccini (@SamMarraccini)
This type of cross-industry collaboration is critical for our business success. Firstly, the technology sector is outgrowing our potential talent pool. Consider the numbers – there are 1.1 million computing-related job openings in U.S. expected by 2024. Yet only 45% of these jobs could be filled by U.S. students graduating with a computing bachelor’s degree by 2024. Working together we can pool resources to invest in the organizations we all agree have the greatest specialty in the cultural, social and economic challenges at play.Secondly, diverse perspectives drive innovation. If you believe, as we do, in the critical role that innovative technology plays in transforming our world, we all benefit from broad participation in the technology workforce.Finally, every company will eventually become a tech company. Creating a tech talent pool doesn’t just help us, but it helps our customers too. These are the jobs of the future. Our Chairman and CEO, Michael Dell, describes our responsibility perfectly:“Technology continues to transform our world in unprecedented ways. Now more than ever, it’s imperative that we have diverse perspectives helping to shape our collective future, and that means as an industry we have a responsibility to address skills gaps and break down barriers to participation.”Philanthropic dollars are one of many ways Dell Technologies is putting its weight behind addressing the tech skills gap for women of color and other underrepresented groups. Last month, we introduced the Dell ReStart program, which supports candidates eager to rejoin the workforce after stepping away from their careers. We recently joined Northeastern University’s ALIGN program, which provides a direct path for women and under-represented minorities to a Master’s of Science in Data Science, Computer Science, or Cyber Security. And today we pledged to join the HBCU Partnership Challenge, a commitment to create strategic partnerships with Historically Black Colleges and Universities (HBCU) to develop top under-represented minority talent.Our global teams are passionate about engaging in support of our future workforce. This month’s employee volunteer focus is around inspiring our future workforce through 1:1 mentorship. Learn more about the importance of mentorship in the below video featuring 15-year old STEM advocate, author and student, Quinn Langford.https://youtu.be/rPEAjTrhniwThis effort is a journey. We know we have more to do, but we believe that through commitment and collaboration, we may have a real shot at changing the numbers and bringing new and innovative perspectives to the tech table. Today, Pivotal Ventures, an investment and incubation company created by Melinda Gates and McKinsey & Company released new research on closing the gender gap in tech. The report analyzes philanthropic contributions from 32 leading tech companies. It reveals that only 5% of company’s philanthropy goes toward gender diversity in tech and even less (0.1%) goes toward women of color.The low investment has gotten the tech industry’s attention, and we’re responding by joining forces in a new initiative launched by Pivotal Ventures called the Reboot Representation Tech Coalition. The collaboration seeks to align philanthropic donations and to increase funding with the ultimate goal of doubling the number of underrepresented women of color graduating with computing degrees by 2025.Dell Technologies joins this effort as a founding member alongside Intel, Microsoft, Adobe, and Oath. Collectively, 12 tech companies have committed more than $12 million to this goal, which represents a 30x increase in funding.
“Mother of the Huddle” Helen Hiatt has watched over the LaFortune grocery store’s grounds since 1967, working her way from the old cigarette counter to the cash register over the past 44 years. “I came in on Monday morning and that afternoon I was working,” she said. “I sold cigarettes for 11-and-a-half years. And then when they quit selling cigarettes on campus I lost my job there, so I went back to that register [in the Huddle Mart] and I worked there for 25 years.” Hiatt said she became acquainted with many varsity football players as they frequented the Huddle after practice. “They’d come in and talk to me about their problems and different things, and they started calling me their second mother,” Hiatt said. “It continued on and I got to be ‘The Mother of the Huddle’ after so many years. And [former quarterbacks] Joe Theismann and Joe Montana and … the football players would come in.” University President Emeritus Father Theodore Hesburgh and Executive Vice President Emeritus Father Edmund Joyce used to joke with Hiatt about how long she had worked at the Huddle, she said. “So I worked 35 hours a week then and … in my 80s, I went down to 15 hours a week,” she said. “When I had my 85th birthday, the manager … got me a cake as big as three of those tables out there.” Hiatt said Notre Dame’s current students seem different than those in years past, but it is difficult to identify how. “But they’re still nice, they’re still wonderful to me,” she said. “The kids get by with more than they did when I was a kid. The parents are more lenient with them, I think.” Working at the Huddle has had its challenges, Hiatt said. She said that while most people she encounters have been kind, some managers, students and parents have given her a rough time. “My motto was, ‘Just keep your mouth shut. You’ll be here longer than they are,’” she said. “And that’s what it’s been like.” Despite some difficult moments, Hiatt said most people treated her well. “The people are nice to me,” she said. “I like to be around people and I like my work. If I don’t want to work, I can sit down and rest a little bit.” Retail associate Beverly Fillmore said she has worked with Hiatt on the Huddle staff for 27 years. “She will do just about everything she can possibly do for you,” Fillmore said. “She’s a wonderful woman and we call her ‘The Mother of the Huddle’ because she takes care of all of us here.” Hiatt, who is legally blind, said she hoped to continue working at the Huddle for as long as possible. She works most weekdays from 11 a.m. to 2 p.m. stocking condiments and keeping the facilities clean. Hiatt said she will be 90 years old in June, but still loves to work. “This October, I’ll be here 45 years, if I make it that long, and I started on my 45th birthday,” Hiatt said. “I like the people and I enjoy my work and the bosses have been really nice to me. I don’t think I could have found anything any nicer and I enjoy coming in even now.”
There’s one big thing I’ve learned from all the kayaking trips I’ve been on: the post-paddle social hour may be just as fun as the rapids themselves. Come see what I mean this Saturday, January 10, at Hardywood Brewery in Richmond for the Boats and Brews Film Festival.Thanks to all the hard work of Coastals Paddling Club, the Film Festival has become an annual staple for Virginia paddlers. Only the best films could convince these river rats to gather on dry land, so there’s no doubt that the night will be a winner. Coastals is kicking it up a notch this year by partnering with Hardywood Brewery to add some delicious local beer to the mix. Boats and brews – an alliteration for the ages.The fantastic set of films that Coastals has chosen are set to hit the screen at 7 PM that evening, but show up early to enjoy Hardywood drinks, food courtesy of Richmond’s best food trucks, music from the Nobile Brothers, and boating exhibitors like Appomattox River Co., Riverside Outfitters, and the James River Outdoors Coalition. Word on the street is that some of these groups may even be giving out door prizes… as if you needed more incentive!All proceeds from the event will benefit the James River Outdoors Coalition. Plus, an additional throw-rope competition during the festival will help out the development of Charlottesville’s new Rivanna Whitewater Park!This is the perfect time to make new friends for all those spring river trips you know you’re dying to take, or to see what your water buddies look like in real clothes. Join your fellow paddlers at the Boats and Brews Film Festival to kick back with good drinks, great films, and even better people.
6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr by: Roy UrricoFinancial services organizations are continuing to urge Congress to pass legislation that combats patent abuse. They’re claiming demand letters from so-called “patent trolls” signify a great and growing threat to financial service organizations.NAFCU, CUNA, the Independent Community Bankers of America, the American Bankers Association, the American Insurance Association, The Clearing House, Financial Services Roundtable, NACHA and The National Association of Mutual Insurance Companies have asked Congress to adopt needed legislation to stop abusive practices from law firms representing patent assertion entities. continue reading »
Oct 21, 2008 (CIDRAP News) – The philanthropic arm of the Internet search company Google today announced it is awarding more than $14 million for various projects aiming to prevent the next pandemic by detecting new pathogens and disease outbreaks in Africa and Southeast Asia.The awards by Google.org are going to six different initiatives aiming to “identify hot spots where new diseases may emerge, detect new pathogens circulating in animal and human populations, and respond to disease outbreaks before they become global crises,” the company said in a news release.”Business as usual won’t stop the next AIDS or SARS,” Dr. Larry Brilliant, Google.org executive director, said in the news release. “The teams we’re funding today are on the frontiers of digital and genetic early detection technology. We hope that their work, with partners across environmental, animal, and human health boundaries, will help solve centuries-old problems and save millions of lives.”The statement said three of the grants are for efforts to use mapping and weather and climate data to help predict where and when disease outbreaks will occur:The Woods Hole Research Center in Falmouth, Mass., will receive $2 million to support satellite mapping of forests to improve monitoring of forest loss and settlement expansion in tropical countries.Columbia University International Research Institute for Climate and Society will get $900,000 to improve the use of forecasts, rainfall data, and other climate information in East Africa and to link weather and climate experts to health specialists.University Corporation for Atmospheric Research in Boulder, Colo., is awarded $900,000 to develop a system for using weather projections to inform and target responses to disease threats in West Africa.”For Rift Valley fever and malaria, long-term weather forecasts and deforestation maps can show us where to look for outbreaks, up to six months in advance,” said Frank Rijsberman, director of the grant program for Google.org.The other three grants, the company said, are for projects designed to detect early signals of possible epidemics through blood sampling, molecular diagnostics, mining of digital data, and other surveillance efforts:The Global Viral Forecasting Initiative (GVFI) will receive $5.5 million for collecting and analyzing blood samples from humans and animals in hot spots in Cameroon, the Democratic Republic of Congo, China, Malaysia, Lao PDR, and Madagascar. The grant will be matched by the Skoll Foundation. Dr. Nathan Wolfe, GVFI’s founder and director, said the project’s aim is to monitor the movement of viruses from animals into people.Columbia University Mailman School of Public Health, New York City, is awarded $2.5 million to support research to speed the discovery of new pathogens and promote rapid regional responses to outbreaks by establishing molecular diagnostics in hot spot countries, including Sierra Leone and Bangladesh. Columbia’s Dr. Ian Lipkin and colleagues already have discovered more than 75 viruses.Children’s Hospital Corp., in Boston, will receive $3 million to combine the online disease-detection efforts of HealthMap with ProMED-mail’s global network of human, animal, and ecosystem health specialists who report disease outbreaks. The project will assess emerging-disease reporting systems, expand networks in Africa and Southeast Asia, and develop news tools to improve outbreak detection.See also: Oct 21 Google releasehttp://www.google.com/intl/en/press/pressrel/20081021_googleorg.htmlJuly 21 CIDRAP News story describing HealthMap and other nontraditional disease-monitoring initiatives: “More efforts look outside the box for outbreak signals”