İstanbul Apparel Exporters’ Association (IHKIB) which provides 75 percent of Turkey’s ready- to- wear export, has opened Turkish Trade Center in coordination with Turkish Exporter’s Assembly (TİM) in New York in the region which is claimed as the ‘ground zero’ of the World of Fashion.
Parlez-vous real estate finance? The top loans recorded in New York real estate this June spotlight multiple appearances by francophone banks and investors, proving that high-level leverage can come in any language at any time. Parisian lenders Natixis, Société Général and Credit Agricole together backed more than $1 billion in new deals. Their active neighbor to the east, Deutsche Bank, makes its usual appearances this month, including as part of the largest city real estate loan since the sale of Stuyvesant Town. Here’s the full top 10:
The U.S. needs to “immediately” arrest the head of the Fetullah Terrorist Organization (FETO), Deputy Prime Minister Numan Kurtulmus said Monday. Terror leader Fetullah Gulen, who martyred many and tried to overthrow democracy in Turkey last July, resides in the U.S. state of Pennsylvania as if nothing happened, Kurtulmus said at a news conference at the Presidential Palace while a Cabinet meeting was being held separately.
NEW YORK, July 17, 2017 /PRNewswire/ -- Due to overwhelmingly positive reviews to-date and unprecedented advance sales, the National Yiddish Theatre Folksbiene (NYTF) has just announced that they will be extending their Off Broadway run of Amerike— The Golden Land, through August 20th. This timely and relevant 90-minute musical commentary on immigration, repression, and assimilation plays at the Museum of Jewish Heritage, across from the Statue of Liberty and Ellis Island.
When it comes to running a business in a way that helps people, Hamdi Ulukaya, the founder of Chobani, actually backs up his talk with action. Last year, Ulukaya made headlines when he handed 10% of his company over to his workers. He hasn’t stopped there. He’s also created the Chobani Food Incubator, which selects early-stage food companies to partner with to help them grow.
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.
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 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.
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.
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 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.
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.
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.
By Yıldıray Oğur * / Ceren Kenar * - The first failed coup attempt in Turkey, after four ‘successful’ ones, happened on 22nd February 1962. In the elections held a month after the hanging of Prime Minister Adnan Menderes, the political parties that were a continuation of the political party he was head of, the Democrat Party won the majority. These results troubled a radical Kemalist group and Military Academy Commander Talat Aydemir attempted a coup. The coup was suppressed with difficulty; Captain Aydemir was told to resign and then duly pardoned. However the captain tried to organize a coup again a year later on 21st May 1963. There were clashes in front of the Parliament in Ankara, jets bombed the Military Academy. Talat Aydemir and the putschists surrendered. This time, the captain was brought to court. He was sentenced to death. At his trial he said: “If you set me free today, I’d organize a coup again”
