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The Beat: New UChicago VC fund targets deep-tech startups
The Beat: New UChicago VC fund targets deep-tech startups

Business Journals

time3 days ago

  • Business
  • Business Journals

The Beat: New UChicago VC fund targets deep-tech startups

Welcome to Chicago Inno's The Beat, a twice-weekly look at the people, companies and ideas that are shaping Chicago's innovation economy. The Big One A new $25M venture capital fund launched Thursday to support the deep-tech ventures coming out of the University of Chicago ecosystem. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events Harper Court Ventures — funded through UChicago and the Polsky Center for Entrepreneurship and Innovation, and independently managed by MFV Partners — will focus on scaling pre-seed and seed-stage companies associated with the university's labs, the Polsky Center or alumni. Investors in the fund include the UChicago Endowment as well as several members of UChicago's Board of Trustees. The fund will target startups in high-impact sectors, such as those working on quantum computing, life sciences, energy and artificial intelligence innovations. READ MORE: $25M VC fund launches to back UChicago deep-tech startups More from The Beat On its 10-year anniversary, Chicago venture capital firm M25 announced its largest fund to date. Nearly half of workers in a recent survey say their companies have issued return-to-office mandates in 2025 — illustrating a larger trend of fading workplace flexibility. Drive Capital returns $500M to investors In a single week, Drive Capital returned about $500M in cash and stock to investors during a lull in liquidity for limited partners nationwide. The Columbus, Ohio-based venture capital firm, which set up a Chicago office in 2023, last Friday distributed two-thirds of its shares of Root Inc., worth nearly $140 million, to outside limited partners in its first fund from 2013, according to SEC filings. READ MORE: Drive Capital returns $500 million to investors amid national liquidity lull Sign up for the Business Journal's free daily newsletter to receive the latest business news impacting Chicago.

Popular MSNBC Host Has Met With Rival Stations And Is Pondering Exit: Report
Popular MSNBC Host Has Met With Rival Stations And Is Pondering Exit: Report

Yahoo

time5 days ago

  • Business
  • Yahoo

Popular MSNBC Host Has Met With Rival Stations And Is Pondering Exit: Report

Ari Melber, the host of one of MSNBC's highest-rated programs, has met with rival networks and is 'in discussions' to leave, Breaker reported Tuesday. The outlet cited two people familiar with the matter, noting that Melber is also deciding whether to launch his own startup. Melber has hosted 'The Beat' since 2017. It ranked fourth in the ratings among the news channel's shows as of Friday. His possible departure comes at time of flux for the station. It's preparing to separate from NBC to join a distinct corporate group under parent company Comcast. Last month, a network rep confirmed that MSNBC's popular poll wonk Steve Kornacki signed with NBC. That essentially severed his connection to the cable news outlet. Melber's loss would also prove costly on YouTube, where clips from his show draw hefty views, Breaker noted. In addition, top-rated host Rachel Maddow's return to a once-a-week schedule is likely to diminish MSNBC viewership, so the loss of a proven personality like Melber could be costly. Melber, an attorney, also serves as MSNBC's chief legal correspondent. He and an MSNBC rep declined comment to Breaker. Neither MSNBC nor an Instagram account for Melber's show immediately returned HuffPost requests for comment. Beloved Reporter Dubbed The 'Crown Jewel' Of Election Coverage Is Leaving MSNBC MSNBC Exposes Trump's Latest Deflection Tactic In 1 Scathing Supercut After Another MSNBC Host Nails The 1 Thing 'Obama People' Must Do In 2025

Popular MSNBC Host Has Met With Rival Stations And Is Pondering Exit: Report
Popular MSNBC Host Has Met With Rival Stations And Is Pondering Exit: Report

Yahoo

time5 days ago

  • Business
  • Yahoo

Popular MSNBC Host Has Met With Rival Stations And Is Pondering Exit: Report

Ari Melber, the host of one of MSNBC's highest-rated programs, has met with rival networks and is 'in discussions' to leave, Breaker reported Tuesday. The outlet cited two people familiar with the matter, noting that Melber is also deciding whether to launch his own startup. Melber has hosted 'The Beat' since 2017. It ranked fourth in the ratings among the news channel's shows as of Friday. His possible departure comes at time of flux for the station. It's preparing to separate from NBC to join a distinct corporate group under parent company Comcast. Last month, a network rep confirmed that MSNBC's popular poll wonk Steve Kornacki signed with NBC. That essentially severed his connection to the cable news outlet. Melber's loss would also prove costly on YouTube, where clips from his show draw hefty views, Breaker noted. In addition, top-rated host Rachel Maddow's return to a once-a-week schedule is likely to diminish MSNBC viewership, so the loss of a proven personality like Melber could be costly. Melber, an attorney, also serves as MSNBC's chief legal correspondent. He and an MSNBC rep declined comment to Breaker. Neither MSNBC nor an Instagram account for Melber's show immediately returned HuffPost requests for comment. Beloved Reporter Dubbed The 'Crown Jewel' Of Election Coverage Is Leaving MSNBC MSNBC Exposes Trump's Latest Deflection Tactic In 1 Scathing Supercut After Another MSNBC Host Nails The 1 Thing 'Obama People' Must Do In 2025

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