A-Rod, Walmart Vet Lore Start Venture Firm
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Walmart Inc. e-commerce veteran
Marc Lore are forming a venture capital firm, broadening their partnership as the duo pursues a separate deal to acquire a professional basketball team.
Alex Rodriguez
The new company, which will be called
Vision/Capital/People, or VCP, launches with $50 million of the pair’s own money and could eventually raise $300 million to $500 million. Rodriguez and Lore plan to take early-stage stakes of 40% to 80% in their portfolio companies, much larger than the typical venture approach, a model that Lore said he found “frustrating” when he sought capital for his previous startups.
A-Rod s partner in buying Minnesota s NBA, WNBA teams knows a thing or two about deals Marc Lore s next target: the Lynx and Wolves. May 3, 2021 11:26pm Text size Copy shortlink:
Marc Lore is known for being a tech entrepreneur who also has a communications style that has inspired workers and convinced the nation s largest retailer to take some uncharacteristic risks.
If his latest deal with partner and former Major League Baseball player Alex Rodriguez to buy the Timberwolves goes through, he is expected to bring that savvy to that organization and apply his tech knowledge to operations.
Anyone who has listened to Lore talk was unlikely surprised by the Timberwolves move. Lore gave a few interviews in January and alluded to some of his next ventures to the Wall Street Journal. He mentioned pro sports.
A-Rod s partner in buying Wolves, Lynx, Marc Lore knows a thing or two about deals Marc Lore s next target: the Lynx and Wolves. May 4, 2021 7:51am Text size Copy shortlink:
Marc Lore is known for being a tech entrepreneur who also has a communications style that has inspired workers and convinced the nation s largest retailer to take some uncharacteristic risks.
If his latest deal with partner and former Major League Baseball player Alex Rodriguez to buy the Timberwolves goes through, he is expected to bring that savvy to that organization and apply his tech knowledge to operations.
Anyone who has listened to Lore talk was unlikely surprised by the Timberwolves move. Lore gave a few interviews in January and alluded to some of his next ventures to the Wall Street Journal. He mentioned pro sports.
10:21am EST|
Inside The Half Billion Dollar Fortune Of A-Rod And J.Lo: How The Breakup Will Affect Their Business Empires
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Photo by Jerod Harris/FilmMagic
Alex Rodriguez and Jennifer Lopez are major players in sports, Hollywood, music and investing. What does the A-list breakup mean for fortunes?
Alex Rodriguez and Jennifer Lopez have officially called it quits, splitting up one of the world’s richest power-couples. The pair, who started dating in 2017 and got engaged two years later, wielded a pop-culture and commercial influence that rivaled other dynamic duos like Jay-Z and Beyoncé and (while they were still together) Kanye West and Kim Kardashian.
Estrellas del deporte hacen su pitch en Wall Street elpais.com.uy - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from elpais.com.uy Daily Mail and Mail on Sunday newspapers.