The public has a right to know how consumer data points are being shared, JPMorgan Chase CEO Jamie Dimon said at an event Wednesday when asked about recent reports involving Facebook. Dimon also addressed other topics, including workplace diversity and learning from employees.
Tenable Network Security, a cybersecurity software startup, is said to have hired Morgan Stanley for an initial public offering that could come to the market this year. Sources say the IPO is expected to value the company at between $1.5 billion and $2 billion.
There's never going to be an easy way to increase diversity in venture capital firms, but a few hacks can help get things moving, according to Christine Herron, investment director at Intel Capital, and Trina Van Pelt, vice president at Intel Capital. Three straightforward actions include broadening the definition of diversity, getting rid of fixed hard targets and replacing them with scalable targets, and making diversity part of everybody's job every day, they write.
Clari, a startup sales platform that uses artificial intelligence to help sales personnel get transactions to a closing, raised $35 million in its most recent funding round. The startup says the money will fund further development of its platform and an expansion of its sales and marketing efforts.
Direct-to-consumer sofa startup Burrow raised $14 million in its most recent funding round. The startup said it would use the capital to begin a transformation into "an entire home lifestyle brand."
France wants to become a hub for initial coin offerings and plans to create a legal framework for managing them, Finance Minister Bruno Le Maire wrote on a news website. Within a few weeks, the government will propose granting its market regulator the power to authorize initial coin offerings.
AdsWizz, an advertising-technology startup focused on digital audio, is being acquired by Pandora for $145 million. Pandora says that in time, advertisers will be able to access the AdsWizz marketplace through Pandora and other audio publishers.
Facebook Chairman and CEO Mark Zuckerberg says he's "not sure we shouldn't be regulated." Considering how many regulations TV and print advertising are subject to, he said, "it's just not clear why there should be less on the internet."
Regulation enacted in response to the 2007 financial crisis could have had the unintended effect of promulgating bad collateral. New rules have also helped to grow the shadow banking system.