Base10 Partners plans to invest 50% of a new $250 million fund’s carried interest, or the share of the profits general partners receive as compensation, to Historically Black Colleges & Universities (HBCUs). The new fund, called the Advancement Initiative , arrives roughly one year after Base10 co-founder Adeyemi Ajao helped lead an effort to push top VC firms to invite HBCUs to become...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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