Blog

US Kurt Russell Kate Hudson Kurt Russell is proud of daughter Kate Hudson’s second Oscar nomination

—-

23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs. San Francisco-based 23andMe announced on Sunday that it will look to sell “substantially all of its assets” through a court-approved reorganization plan. Anne Wojcicki, who co-founded 23andMe nearly two decades ago, is also stepping down as CEO effective immediately, the company said — but will remain on the 23andMe board. Her resignation comes just weeks after a board committee rejected a nonbinding acquisition proposal fromWojcicki, who had been trying to take the company private.

—-

23andMe has filed for Chapter 11 bankruptcy protection and its co-founder and CEO has resigned as the struggling genetic testing company continues its push to cut costs. San Francisco-based 23andMe announced on Sunday that it will look to sell “substantially all of its assets” through a court-approved reorganization plan. Anne Wojcicki, who co-founded 23andMe nearly two decades ago, is also stepping down as CEO effective immediately, the company said — but will remain on the 23andMe board. Her resignation comes just weeks after a board committee rejected a nonbinding acquisition proposal fromWojcicki, who had been trying to take the company private.

—-

VC funds are largely limited to direct investments in portfolio companies. Expanding the ability for funds to invest in other VC funds could help drive capital to emerging managers, as well as increase diversification and returns for investors. Expanding secondary investments could help ease liquidity pressure, recycle capital back into the ecosystem, and help startup founders and employees monetize their equity compensation.

—-

SAMPLE COPY HERE

SECOND BLOG

TEST POST