Log in

EB-5 Visas: Everything You Need to Know

U.S. Congress created the EB-5 Program in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. In 1992, Congress created the Immigrant Investor Program, also known as the Regional Center Program. This sets aside EB-5 visas for participants who invest in commercial enterprises associated with regional centers approved by USCIS based on proposals for promoting economic growth. We talked about EB-5 Visa with an expert, Marko Issever, Managing Director of Riverside Management Group, a merchant banking boutique.

How Aydin Senkut Helped 11 Different Companies Grow to $1 Billion Each

Over the past 10 years, Aydin and the Felicis Ventures team have helped 11 companies grow to over $1 billion each. They also assisted 36 portfolio companies surpass the $100 million mark. Out of their 180 investments, 60 have turned into notable exits. That would be considered quite a great track record. I wanted to discover what made Aydin Senkut so successful at venture capital, so I sat down with him to get his thoughts on investing, working with entrepreneurs, and the journey he’s taken to grow Felicis Ventures to its latest fund size of $200 million. Aydin is fond of saying that “the only constant is change.” When you’re a venture capitalist constantly searching for the next great company, that’s an understatement if there ever was one. Here is what he and his team focuses on to find, back, and support the best founders.

Zuora Adds Magdalena Yesil, Salesforce's First Investor to Its Board as It Moves Toward Going Public

Subscription-software company Zuora added Magdalena Yesil, the first investor in Salesforce, to its board as it ramps up toward going public. San Mateo-based Zuora, a “unicorn” valued at more than $1 billion, has been on analysts’ lists for years as a company likely to go public. CB Insights rated it as one of the top five companies most likely to go public in 2017. Zuora has ridden the "subscription economy" to more than $100 million in annual revenue and around $250 million in venture capital funding. The 800-employee software-as-a-service company makes applications for businesses built around subscriptions, including Box, Zendesk and media outlets such as The Guardian and the Financial Times.



Yesil’s experience helping Salesforce transition from being a private company to a public company will be valuable to Zuora as it looks to do the same.

“We are starting to transform our board and shifting from an early-stage, venture-backed board to something that looks more like an independent, public company board,” Zuora founder and CEO Tien Tzuo told the Business Times.

“We are really looking at the next phase of our company,” he added.

Tzuo declined to comment on whether the company would try go to public this year, but he said it is “making initial moves” toward an IPO.

“The first step is really to have people sitting around a table who have experience with that, and then we’ll take it from there,” he said.

Yesil joins Ken Goldman, Yahoo’s chief financial officer, in the first group of independent directors on Zuora’s board.

Yesil was a general partner for eight years at US Venture partners and was an early investor in more than 30 companies. Prior to that, she founded two e-commerce companies, CyberCash and MarketPay.

“I’m delighted to join the board of Zuora as it matures into an global enterprise software leader,” Yesil said in a statement. “My first-hand experience with Salesforce from its initial funding to public market success will be integral to providing guidance to help Zuora reach its next stage of development.” - By Alisha Green Reporter San Francisco Business Times

Apple Aims to Get an iPad in the Hands of Every Hospital Patient

Apple has made great strides in health in the last few years and if it gets its way, there will be an iPad in the hands of every hospital patient. It’s already started with a smattering of hospitals around the U.S. including Jacobs Medical Center at UC San Diego, MetroSouth Medical Center in Chicago and about a year ago at Cedars-Sinai in Los Angeles. Earlier this week, I went down to L.A. to take a tour of Cedars-Sinai‘s pilot program allowing patients direct access to their vitals, care team and educational tools through iPads.

Hamdi Ulukaya Launches $5 Million Hamdi Ulukaya Initiative For Turkish Entrepreneurs

Billionaire Hamdi Ulukaya and his yogurt company Chobani are giving something back in the spirit of entrepreneurship that allowed him to strike it rich in the yogurt game. He's doing it by launching the Hamdi Ulukaya Initiative, which will provide training for young entrepreneurs in Turkey who are looking to get a leg up in their business exploits.

Turkey's Syrian Refugees Carve Out Their Own Opportunities

Gaziantep, Turkey - A group of Syrian children already well versed in the language of despair now have a chance to learn a vocabulary of hope at the Excellence Education Centre in Turkey's Gaziantep. In a bright and colourful classroom, the kids enthusiastically recite some of the Turkish phrases they'll need in their new homeland from a curriculum designed by the centre's owner, Asmaa Joha. "When I would look into the eyes of Syrian children, I was feeling afraid," explains Asmaa. "I wondered how they would feel when they got older and if I had done my duty and served them well as a teacher."

Turkish Tech Startups Head to Silicon Valley

SAN MATEO, CALIFORNIA — Since the failed military coup in Turkey one year ago, it's been harder for startups to attract foreign investment, said entrepreneurs at a recent tech conference in California. After the July 15, 2016, coup attempt, the Turkish government cracked down on perceived opponents to President Recep Tayyip Erdogan. Many have lost their jobs and thousands have been imprisoned, including journalists, academics and activists. For Mustafa Acet, an entrepreneur in Istanbul, the coup and its aftermath have been a setback for the burgeoning tech ecosystem in Turkey. He recently attended Etohum San Francisco, an event bridging the Turkish startup community with Silicon Valley.

Roma Sign Turkey International Cengiz Under from Basaksehir for €13.4m

Roma have announced the signing of Turkey international Cengiz Under from Basaksehir for €13.4 million. Under, 20, has signed a five-year contract with the Serie A club and becomes their fifth signing of the summer. "I'm delighted to be here and very excited about meeting the fans," the midfielder told the club's official website upon signing. "My aim is to earn myself a regular starting berth as quickly as possible." Roma could pay a further €1.5m in bonuses to Basaksehir depending on performance targets of both the player and club.

Elif Batuman's Novel, 'The Idiot' Is One of the Best Books You'll Read All Year

If there is one word to describe Elif Batuman's new novel The Idiot, it's the word "mundane." And that just might be the novel's greatest strength. The book follows the year in the life of Selin, a Turkish-American freshman at Harvard. As Selin goes through her freshman year, she must navigate getting along with her roommates, an infatuation/ relationship with an older Hungarian student, and later, a trip to Europe to teach English.  Oh, and all the while dealing with the typical college freshman woes of examining the relationship between truth, existence, and language while studying linguistics. Casual.

Tagged under

Turkish Companies Draw Bulk of Its Investment from US

Looking at the foreign investor map of Turkish companies by region, American investors stand out, having invested in 161 Turkish companies through merger and acquisition transactions in the pharmaceutical and energy industries in the last decade. The greatest interest in Turkish companies abroad has been shown by American investors over the past 10 years. According to data compiled by Ernst & Young, an independent company offering audit, consultancy, corporate financing and tax services, American investors have invested in 161 Turkish companies over the past decade. Also, many foreign companies entered the Turkish market through mergers and acquisitions, transfers of enterprises or privatizations in the same period.

Subscribe to this RSS feed