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COVID speeds up financial and tech company relocations to Florida

COVID speeds up financial and tech company relocations to Florida
Last spring, Ian Campbell, CEO of technology consulting firm Nucleus Research, called a staff Zoom meeting to announce that he would be leaving Boston and moving to Miami. Campbell, who founded the firm in Boston in 2000, felt it made sense to open an office in Miami.
Boston’s high cost of living and traffic were making it increasingly difficult to attract and retain young, talented workers, he says. Meanwhile, he and his staff had proven during the coronavirus shutdown that they could make telecommuting work. He gave his 15 employees the choice of staying in Boston or moving to Miami. All but two chose the latter. ....

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SPAC From Former Y Combinator Head Sam Altman Is Raising Less Money

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Sam Altman s SPAC recently slashed the amount of money it s raising to $400 million from $1 billion.
The 60% downsizing is another sign that the market for SPACs is cooling off.
One VC told Insider that more SPACs may need to slim down their offerings to find success.
Sam Altman s
SPAC
is shrinking its fundraising goal less than two months after its launch.
A revised SEC filing from AltC Acquisition Corp., the special purpose acquisition company sponsored by Altman, the former Y Combinator president, and Michael Klein, the former Citigroup executive, showed that the SPAC is now seeking to raise $400 million. In March, the SPAC launched with an intent to raise a $1 billion. ....

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Large SPACs Aren't Good Deals for Many Startups, VC David Blumberg

Blumberg Capital
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Many SPACs need to get skinnier in order for deals to work, VC David Blumberg told Insider.
SPACs that raise a lot of money won t have enough startups to pick from, he said.
There are signs that a downsizing is coming: Sam Altman s SPAC recently slashed its offering.
The market for SPACs is cooling off, and there are early signs that they re starting to scale back. But that may not be a bad thing for startup CEOs looking to take their company public via ....

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UAE National Archives, National Library of Israel ink historic agreement

The memorandum of understanding, valid for three years, lays out multiple areas of collaboration, such as digitization, professional knowledge-sharing and cultural exchange. ....

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UAE National Archives, National Library of Israel, Sign Historic Agreement | The Jewish Press - JewishPress.com | Jewish Press News Desk | 23 Iyyar 5781 – May 5, 2021

National Archives of UAE and National Library of Israel sign historic agreement.
The National Archives (NA) of the United Arab Emirates in Abu Dhabi and the National Library of Israel (NLI) in Jerusalem have signed an historic memorandum of understanding, which “commits the two organizations to work together in support of mutual and separate goals and for the benefit of the international cultural and documentary heritage sector,” according to the agreement signed by the institutions’ directors, Dr. Abdulla M. Alraisi and Oren Weinberg.
Some seven months into the “Abraham Accords”, this MOU represents the most significant institutional agreement in the field of cultural heritage. Both the NA and the NLI serve as central institutions of national memory for their respective countries and broader publics. In recent years, both have launched expansive and diverse efforts to serve scholars and wider audiences domestically and internationally. ....

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