California Tech, 1201 East California Blvd., Pasadena, California

Total Page:16

File Type:pdf, Size:1020Kb

California Tech, 1201 East California Blvd., Pasadena, California Swimmers Win League Crown BY DAVE OLLIS Oxy's speedy frosh medley re­ Kanner. Dave Seib and Bill Eight conference swimming lay opened the meet with a new Bollinger (R) finished the eight­ records were shattered last Fri­ conference record of 4:21.5, wip­ lap·plus race in dead heat at day at the Alumni pool when ing out the old record of 4:24.3 2:20.2 to tie for second; Tech's the league's best talent gathered held by Caltech. Jim Shaw, an eyelash behind to determine individual and The varsity medley event the pair, took fourth with a team titles. The meet, featur­ went to Occidental, edging 2:20.6 effort. ing close races, new records, Tech's team of Gary Turner, Al Chesebro Sets Record and several disqualifications, Huber, Duygu Demirlioglu, and Bruce Chesebro, Tech's free­ saw Caltech's varsity take home Gary Mitchell by three tenths style sprint specialist, flashed the team title with an impres­ of a second with a time of 4:15.5. to a 22.8 50 yard free to cream sive 102 points. Second place Weldon Diggs of Redlands de­ a not her record. ; Chesebro's Oxy picked up 70lh points, fol­ molished the conference frosh speed left the second place man, lowed by Claremont with 29, record of 2:18.8 for the 220 free­ Oxy's Tut Wynne, two full sec­ Redlands with 27, Whittier 20, style with a 2:14 .. 5 timing. Tech­ onds to the rear. George Mc­ and Pomona 16. men Ted Jenkins, Hugh May­ Bean picked up fourth in 25.1. The frosh team title went to nard, and Ken Kunen nailed The varsity 206 yard individ­ the Mudd squad which gathered down third, fourth, and fifth ual medley featured a three way 68.5 points to edge Redlands by places respectively. thriller for first between Tech's Photo by Miguel Levy 1.5 points. Caltech produced a Hugh Winn, also of Redlands, Gary Turner, Phil Anderson of SCIAC swimming champions - front: Art Turner, McBean, McCammon, close third with 61.5. Occident­ set another leagUe record with Oxy, and Pomona's Steve Chew; Lambert; middle: manager Hoverson, Chesebro, McGarr, Gary Turner, Gratch, al made 46, Pomona 12, and 2:07.0 in the varsity 220 free, Anderson pulled away in the Huber, McCoy, coach Emery; back: Demirlioglu, Shaw, Crocker, manager Wink­ Whittier 0 (no entries) to bring knocking two seconds off the oLd breaststroke to a 2:21.5. Art ler; not shown: Harry, Manning, Mastin, Ollis, Seib, Russo. up the rear. mark of 2:09.0 by Oxy's Burt (Continued on page 4) CaliforniaTech Associated Student. of the California Institute of Technology Volume LXIII. Pasadena, California, Thursday, May 10, 1962 Number 27 Women Invade Campus Josh, White Concert Nears BY THOR HANSON 'On Friday, May 18 at 8:30 p.m. For Lost Weekend ASCIT is presenting Josh White, BY GENE FELLNER to go to the Park on the final one of the greatest folk singers Lost Weekend, perhaps one of questionnaire. Those who did of our time, at the Pasadena the biggest social events of any not so indicate, but decide to Civic Auditorium in conjunction go after all, will be charged college in the nation, begins with Lost Weekend. Also ap­ $1.50 apiece, which is 25% off next Friday, May 18, when Tech­ pearing is comedian Murray men will bring young ladies regular admission. ASCIT will Roman. from all parts of the country to not provide transportation to stay as their guests in the stu­ the beach, as little interest was Known primarily for his blues dent Houses for a weekend and shown for such a plan on the records, Josh White first gained participate in several big all­ preliminary questionnaire. It recognition for his spirituals and campus activities. should be borne in mind that his ballads of the deep South. there is only a small dressing The road to success was not an The activities will include the room at the Playa. following: Friday evening there easy one for Josh. His family was poor and his father in ill will be a formal candlelight din­ Guests in Lloyd health, so at the age of seven he ner in the Olive Court at 6 p.m. This year the women will stay got his first job leading blind At 8:30 the ASCIT Folk Concert in the upper Alleys of Lloyd Negro singers from one street featuring Josh White, well­ House. The men wil be out of corner to another. Traveling known folk singer, will begin at their rooms by 10 a.m. Friday, throughout the South with these the Pasadena Civic Auditorium. and the women will start mov­ men, Josh saw life in all its pro­ Techmen and their guests will ing in at 3 p.m. The system verbial phases, met characters be given discounts on the ad­ for the women's lodging will and heard the stories out of mission price as follows: $2.75 work thus: If your guest stays which he was to compose his for the $3.50 seats, $2.00 for the in one of the rooms in Lloyd, own songs. $2.50 seats, and $1.50 for the then you are responsible for in­ Records at 11 $1.50 seats. All evening, start­ suring that the occupant of that At the age of eleven Josh ing after dinner, there be a room has a place to stay over will went to New York for a record­ formal dance in the OlivE! Court. the weekend, this could tech­ ing session. Because of reli­ A band has not been chosen for nically involve, ultimately, giv­ gious convictions his mother the occasion yet, but there defi­ ing him your room. However, made him promise to sing only nitely will be live music. The the men of Lloyd being noted spirituals (blues were consider­ dance will last until about 1 a.m. for their hospitality and cooper­ ed sinful), which he did under Beach Party Saturday ative nature, it is unlikely that the name of "The Singing Chris­ Saturday, there will be a anyone will have to undergo tian". However, he soon ran Josh White will perform during Lost Weekend. beach party at lovely, quiet, se­ this sacrifice; the many half- out of spirituals and began re­ cluded Playa del Rey. Cooking (Continued on page 3) cording blues under a pseudo­ East Side supper clubs. He made mark, and Scotland. After re- pits are provided, so supper will nym, "Pine Wood Tom". history at cafe society down­ turning to the States Josh made C h u r c h g r 0 ups praised the be cooked right there. For those Jr. - Sr. Prom town with his blues numbers three Hollywood movies and ap­ arriving early, no plans have spirituals, but the blues records and set a precedent at the Blue peared in two Broadway plays. been made for lunch, but box Set For Saturday established his reputation as a lunches can always be procured singer. Angel, keeping it open through His scholarly research into the The biggest social event of from Saga. After supper there the summer season. Josh won the year for upperclassmen, the Tragedy followed this early origin and development of many a following of intellectuals, be­ will be an excursion to Pacific Junior-Senior Prom, will be held success when he severely cut his folk songs was rewarded with Ocean Park, which is open from this Saturday night at 9:00 in right hand on a milk bottle. For cause in his terrifying ballads of honorary Doctor of Folklore de­ 7:30 p.m. to midnight. ASCIT a time in the late Thirties, his the main ballroom of the Hun­ the Black South he gave musical gree from Fisk University in has arranged free admission for tington-Sheraton Hotel. The hand was par a 1 y zed and he expression to the fear, squalor, all those who indicated a desire could not play the guitar. For a Tennessee. dance wil feature vocalist Diana and desperation which have Lee and the 10-piece band of while he even had to work as At the present Josh is busy an elevator operator. found a literary outlet in the ASCIT Play Carroll Wax. Dress for men works of William Faulkner, with a concert tour across the will be dark suits or dinner jack­ Josh recovered from this aCci­ Erskine Caldwell, and Tennes­ United States, interrupted by Going Strong ets; for women, semi-formal dent and continued his climb to see Williams. frequent recording s e s s ion s. dresses will be appropriate. To (See review on page 3.) fame as a folk singer. In 1939 Tickets for the concert at the get to the Huntington-Sheraton, Josh had a small part in a President Franklin Roosevelt Civic are available to under­ "The Time of Your Life" is go south on Lake from Califor­ Broadway show, "John Henry", heard Josh's records and liked graduates at reduced rates at being performed tonight and to­ nia, bearing right into Oak in which he played a character him enough to invite him to the the Caltech Book Store. Tickets morrow night at 8:30 and Satur­ Knoll. to the hotel. For more called Blind Lemon, a composite White House, where Josh ap­ will also be sold at the Southern day at 7:30. Tickets are $1 and information, see either Frank of the various itinerant music­ peared several times. In 1950 California Music Company, Jet are available at the bookstore Ridolphi in Dabney or Ray ians he had known.
Recommended publications
  • The Foreign Language Camps, Operated by Virginia Tech Since-1981, Offer High School Students a One-Week Foreign Language Experience in French, German, Or Spanish
    DOCUMENT RESUME ED 234 627 FL 013 946 AUTHOR Shrum, Judith TITLE Foreign Language Camps: A"Success Story. PUB DATE [83]' . NOTE 75p. PUB TYPE Reports - Descriptive (141) EDRS PRICE MF01/PC03 Plus Postage. DESCRIPTORS *Camping; Enrichment Activities; French; German; *Language Enrichment; Learning Activities; Secondary Education; *Second Language Instruction; Spanish IDENTIFIERS *Language Camps ABSTRACT The foreign language camps, operated by Virginia Tech since-1981, offer high school students a one-week foreign language experience in French, German, or Spanish. The camps bring together native speakers, high scho61 students and teachers, and university students and faculty to experience learning situations similar to those encountered in a foreig country. The participants, staff, facilitiet, activities, schedu e, and funding aredescribed. Activities include conversatiogroups, folk singing and dancing, hiking, sports, drama, games, nd films. Application forms, a sample syllabus, schedules, activity group materials, diplomas, evaluation forms, publicity materials, a teacher packet, and a proposed blidget are appended. (Author/RW) **********************w************************************************ Reproductions supplied by EDRS are the best that can be made frog the original document. *********************************************************************** E-oreign Language Camps: A Success Story Manuscript by Judith ShrUm . Assistant Professor, Division of CurriculLm and instruction; College _f Education/Denartment of Foreign LanguageS
    [Show full text]
  • Florida Tech Magazine, Spring 2021
    SPRING 2021 Setting the Bar Folliard Alumni Center creates a standard for sustainability, collaboration and future alumni events In This Issue Spring 2021 • Volume 30, Issue 1 CAMPUS NEWS FEATURES President’s Perspective . 4. 18 Moving at Warp Speed On Campus . 5 Florida Tech alumni are playing key roles in the United States’ The Relentless . 6. COVID-19 vaccine rollout. Etc . .11 Panther Athletics . 12. 24 Securing the Internet of Things Florida Tech’s IoT lab is helping better safeguard users with the Research . .16 latest research. 26 Setting the Bar The Folliard Alumni Center creates the standard for sustainability, collaboration and future alumni events. SHARE YOUR THOUGHTS! Help us continue to improve Florida Tech Magazine. ANYTIME, ANYWHERE We welcome your feedback to the 2021 readership floridatech.edu/ survey at: magazine floridatech.edu/ftm-survey-2021 2 PANTHERS FOR LIFE The Class of 2021 was recognized in a spring ceremony, hosted by SGA and the Florida Tech Alumni Association. The small-scale event saw the Alumni Affairs staff and the president of the Alumni Association welcome the graduates to the FTAA, presenting them with alumni pins and certificates of membership. FLORIDA TECH MAGAZINE floridatech.edu/magazine PRESIDENT Dwayne McCay, Ph.D. VICE PRESIDENT FOR COMMUNICATIONS AND CHIEF OF STAFF Wes Sumner ’18 DBA Florida Tech Magazine is published three times a year by Florida Tech’s Office of Communications and is distributed to over 85,000 readers. ART DIRECTOR Christena Callahan ’07 M.S. EDITOR Ryan Randall ASSOCIATE
    [Show full text]
  • California Tech Opinion Poll
    You1re Congratulations, full-fledged Seniors CaliforniaTech monks at last Associated Students of the Califofl1ia Institute of Technology Volume LXVII. Pasadena, (California, Thursday, May 26, 1966 Number 30 Snake, VR, and TBP Frosh Awards Given at Assembly by Fishbone for his tremendous performances phy for his spirit, teamwork, im­ Campus personalities present­ in cross country and track. Fol­ provement, and attitude. Coach ed honors and awards to House lowing this, Emery presented Mehringer completed the winter and individuals at last Thursday last year's soccer coach Lee An­ honors with his presentation of evening's Spring Awards Assem­ drews with a five-stripe sweater the wrestling letter winners. bly at Tournament Park_ for his years of successful serv­ Lonnie Martin, an outstanding Lloyd led the Houses in hon­ ice to the soccer team. Finally, all-around frosh athlete, received ors on being presented with the the stUdent body honored Mr. the Alumni Baseball Trophy Goldsworthy Interhouse "Snake" Musselman when Athletic Man­ from Coach Preisler for his by Dr_ Huttenback and with the ager Craig McAllister presented sportsmanship, moral influence, Discobolus Trophy by IHC Chair­ him wHh an ASCIT honor key. playing ability, and individual man Eric Young. Coach Nerrie Laureled jocks improvement. Preisler and Coach then presented Page with the Coach Preisler spoke about the Bond also praised the remainder Roving TECH photographer caught these two B&G men slaving away at coveted Interhouse Sports Tro· basketball team, and then hon­ of the baseball team. their jobs one day last week. phy, while Dabney received the ored Terry Bruns with the Ves­ Coach Emery awarded the Varsity Rating Trophy from Mr.
    [Show full text]
  • Killing Hope U.S
    Killing Hope U.S. Military and CIA Interventions Since World War II – Part I William Blum Zed Books London Killing Hope was first published outside of North America by Zed Books Ltd, 7 Cynthia Street, London NI 9JF, UK in 2003. Second impression, 2004 Printed by Gopsons Papers Limited, Noida, India w w w.zedbooks .demon .co .uk Published in South Africa by Spearhead, a division of New Africa Books, PO Box 23408, Claremont 7735 This is a wholly revised, extended and updated edition of a book originally published under the title The CIA: A Forgotten History (Zed Books, 1986) Copyright © William Blum 2003 The right of William Blum to be identified as the author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988. Cover design by Andrew Corbett ISBN 1 84277 368 2 hb ISBN 1 84277 369 0 pb Spearhead ISBN 0 86486 560 0 pb 2 Contents PART I Introduction 6 1. China 1945 to 1960s: Was Mao Tse-tung just paranoid? 20 2. Italy 1947-1948: Free elections, Hollywood style 27 3. Greece 1947 to early 1950s: From cradle of democracy to client state 33 4. The Philippines 1940s and 1950s: America's oldest colony 38 5. Korea 1945-1953: Was it all that it appeared to be? 44 6. Albania 1949-1953: The proper English spy 54 7. Eastern Europe 1948-1956: Operation Splinter Factor 56 8. Germany 1950s: Everything from juvenile delinquency to terrorism 60 9. Iran 1953: Making it safe for the King of Kings 63 10.
    [Show full text]
  • AWS Is How Game Tech Volume 2
    Behind great games, there’s game tech. AWS is How Game Tech Volume 2 AWS IS HOW GAME TECH EDITION Volume 2 2 Player profile Player Player ID: Eric Morales Classification: Reconnecting through tech Head of AWS Game Tech EMEA Player history Stockholm Joined Gamer since 59°32′N 18°06′E July 2015 1995 Over the past year, many of us have felt compelled to escape into a game, even if only for a few hours. Technology has been our salvation and our solace. When we’ve been forced to stay apart, tech has helped us to feel connected, whether by racing strangers through virtual cities or teaming up to battle awesome foes in Wolcen: Lords of Mayhem. There has, perhaps, never been a greater keep pushing forward on a bumpy road and instead of sticking to a plan that no longer Perhaps one of the key things we can need for the escape that gaming gives when to somersaulto a ne ont w one. fits. New ideas come through all the time learn from these studios is that adversity us. So I’d like to say an extra thank you to and you have to embrace them.” can spark the creativity we need to build Building on AWS gives studios the chance the studios we’re featuring in this issue. something truly spectacular. In many to experiment, innovate, and make For some of the developers we spoke Without you, lockdown would have been games, your character levels up and gets mistakes in order to keep forging ahead. to, the pandemic has been just one of just a little bit harder for so many millions stronger regardless of your own skill, which I’m 100 percent with Roberta Lucca many hurdles they’ve overcome.
    [Show full text]
  • The Sci-Tech Times
    July 12 Issue 14 The Sci-Tech Times T H E D A I L Y N E W S P A P E R F O R 6 - P O I N T S S C I - T E C H A C A D E M Y Today's Menu Riddle Of The Day Breakfast: Scrambled & Hard Cooked Eggs, Breakfast Fries, French What has a head, a tail, is Toast Sticks, Turkey Sausage, Yogurt & Fruit Bar, Fresh brown, and has no legs? Bagels, Coffee Cake, Blueberry Muffins, Cold Cereal Lunch: Yesterday's Answer: David is the Hamburger, Grilled Chicken Breast, All Beef Hot Dog 3rd son Chicken Fingers, Curried Chickpeas & Greens, Edamame, Corn, Cheese Pizza, Vegetable Pizza, Marinara Sauce, GF Pasta Pasta, Brown Rice, Sticky Rice, Salad Bar, Deli Bar, Kale Salad Puzzle Of The Day Dinner: Shabbat Dinner The Weather Today High: 83 Low: 69 58% Chance of Rain Today's Story Update on Devon-X A Satire News Story By Ben There is now contention surrounding the rightful ownership of Devon-X. Recently, Joe Zaffuto has claimed that he is the sole mastermind behind Devon-X. Zaffuto claims that if it weren’t for his coding skills, Devon-X would not exist; thus, he is the rightful owner. After hearing these claims, the campers from the robotics workshop that built Devon-X are retaliating. They have already taken ownership of Devon-X’s kidnapping and say that he is safe and hidden in a secret bunk er called X-14 but must stay hidden until Zaffuto neither admits that Devon-X is not his creation OR turns Devon-X fire suppression system back on so that Devon-X may continue to prevent Byfield from burning down.
    [Show full text]
  • BOMBSHELL: the Hedy Lamarr Story
    ! BOMBSHELL: The Hedy Lamarr Story ! Directed by Alexandra Dean ! ! ! ! ! ! ! ! ! ! ! ! ! ! ! **Official Selection – 2017 Tribeca Film Festival, WINNER “Best of Fest” Nanctucket, WINNER San Francisco! Jewish Fest AUDIENCE AWARD** ! ! ! ! DISTRIBUTOR CONTACT SALES CONTACT Emily Russo David Koh, Submarine Entertainment 212-274 1989 [email protected] [email protected] ! ! ! ! 89 min // USA // 2017 http://www.reframedpictures.com/bombshell/ SYNOPSIS Hollywood star Hedy Lamarr (ZIEGFELD GIRL, SAMSON AND DELILAH) was known as the world's most beautiful woman – Snow White and Cat Woman were both based on her iconic look. However, her arresting looks and glamorous life stood in the way of her being given the credit she deserved as an ingenious inventor whose pioneering work helped revolutionize modern communication. Mislabeled as “just another pretty face,” Hedy’s true legacy is that of a technological trailblazer. She was an Austrian Jewish emigre who invented a covert communication system to try and help defeat the Nazis, then gave her patent to the Navy, but was ignored and told to sell kisses for war bonds instead. It was only towards the very end of her life that tech pioneers discovered her concept which is now used as the basis for secure WiFi, GPS and Bluetooth. Hedy never publicly talked about her life as an inventor and so her family thought her story died when she did. But in 2016, director Alexandra Dean and producer Adam Haggiag unearthed four never-before-heard audio tapes of Hedy speaking on the record about her incredible life. Combining this newly discovered interview with intimate reflections from her children, closest friends, family and admirers, including Mel Brooks and Robert Osborne, BOMBSHELL (executive produced by Susan Sarandon, Michael Kantor and Regina Scully) finally gives Hedy Lamarr the chance to tell her own story.
    [Show full text]
  • Bull8-Cover Copy
    220 COLD WAR INTERNATIONAL HISTORY PROJECT BULLETIN More New Evidence On THE COLD WAR IN ASIA Editor’s Note: “New Evidence on History Department (particularly Prof. Zhang Shuguang (University of Mary- the Cold War in Asia” was not only the Priscilla Roberts and Prof. Thomas land/College Park) played a vital liai- theme of the previous issue of the Cold Stanley) during a visit by CWIHP’s di- son role between CWIHP and the Chi- War International History Project Bul- rector to Hong Kong and to Beijing, nese scholars. The grueling regime of letin (Issue 6-7, Winter 1995/1996, 294 where the Institute of American Studies panel discussions and debates (see pro- pages), but of a major international (IAS) of the Chinese Academy of Social gram below) was eased by an evening conference organized by CWIHP and Sciences (CASS) agreed to help coor- boat trip to the island of Lantau for a hosted by the History Department of dinate the participation of Chinese seafood dinner; and a reception hosted Hong Kong University (HKU) on 9-12 scholars (also joining the CWIHP del- by HKU at which CWIHP donated to January 1996. Both the Bulletin and egation were Prof. David Wolff, then of the University a complete set of the the conference presented and analyzed Princeton University, and Dr. Odd Arne roughly 1500 pages of documents on the newly available archival materials and Westad, Director of Research, Norwe- Korean War it had obtained (with the other primary sources from Russia, gian Nobel Institute). Materials for the help of the Center for Korean Research China, Eastern Europe and other loca- Bulletin and papers for the conference at Columbia University) from the Rus- tions in the former communist bloc on were concurrently sought and gathered sian Presidential Archives.
    [Show full text]
  • George Furth
    AND Norma and Sol Kugler PRESENT MUSIC & LYRICS BY Stephen Sondheim BOOK BY George Furth STARRING Aaron Tveit AND Jeannette Bayardelle Mara Davi Josh Franklin Ellen Harvey Rebecca Kuznick Kate Loprest James Ludwig Lauren Marcus Jane Pfitsch Zachary Prince Peter Reardon Nora Schell Lawrence E. Street SCENIC DESIGNER COSTUME DESIGNER LIGHTING DESIGNER SOUND DESIGNER Kristen Robinson Sara Jean Tosetti Brian Tovar Ed Chapman HAIR & WIG DESIGNER PRODUCTION STAGE MANAGER CASTING Liz Printz Renee Lutz Pat McCorkle, Katja Zarolinski, CSA BERKSHIRE PRESS REPRESENTATIVE NATIONAL PRESS REPRESENTATIVE Charlie Siedenburg Matt Ross Public Relations MUSIC SUPERVISION BY MUSICAL DIRECTION BY Darren R. Cohen Dan Pardo CHOREOGRAPHED BY Jeffrey Page DIRECTED BY Julianne Boyd Sponsored in part by Carrie and David Schulman COMPANY is presented through a special arrangement with Music Theatre International (MTI). ORIGINALLY PRODUCED AND DIRECTED ON BROADWAY BY Harold Prince ORCHESTRATIONS BY Jonathan Tunick BOYD-QUINSON MAINSTAGE AUGUST 10—SEPTEMBER 10, 2017 TIME & PLACE 1970's New York City, Robert’s 35th birthday. CAST IN ORDER OF APPEARANCE Robert .....................................................................................................Aaron Tveit* Susan ...................................................................................................Kate Loprest* Peter ....................................................................................................Josh Franklin* Sarah ........................................................................................Jeannette
    [Show full text]
  • In Search of Stupidity: Over 20 Years of High-Tech Marketing Disasters
    CYAN YELLOW MAGENTA BLACK PANTONE 123 CV Chapman “A funny AND grim read that explains why so many of the high-tech sales departments I’ve trained and written about over the years frequently have Merrill R.Chapman homicidal impulses towards their marketing groups. A must read.” Foreword by Eric Sink —Mike Bosworth Author of Solution Selling, Creating Buyers in Difficult Selling Markets and coauthor of Customer Centric Selling In Search of Stupidity In Search OVER 20 YEARS OF HIGH-TECH MARKETING DISASTERS 20 YEARS OF HIGH-TECH OVER n 1982 Tom Peters and Robert Waterman Ikicked off the modern business book era with In Search of Excellence: Lessons from America’s Best-Run Companies. Unfortunately, as time went by it became painfully obvious that many of the companies Peters and Waterman had profiled, particularly the high-tech ones, were something less than excellent. Firms such as Atari, DEC, IBM, Lanier, Wang, Xerox and others either crashed and burned or underwent painful and wrenching traumas you would have expected excellent companies to avoid. What went wrong? Merrill R. (Rick) Chapman believes he has the answer (and the proof is in these pages). He’s observed that high-tech companies periodically meltdown because they fail to learn from the lessons of the past and thus continue to make the same completely avoidable mistakes again and again and again. To help teach you this, In Search of Stupidity takes you on a fascinating journey from yesterday to today as it salvages some of high-tech’s most famous car wrecks. You will be there as MicroPro, once the industry’s largest desktop software company, destroys itself by committing a fundamental positioning mistake.
    [Show full text]
  • Startups Smash Annual Record for VC-Backed Exit Value with 2019'S IPO Onslaught | Pitchbook
    1/16/2020 Startups smash annual record for VC-backed exit value with 2019's IPO onslaught | PitchBook Log in Request a free trial News & Analysis driven by the PitchBook Platform ARTICLES REPORTS All articles ALL REPORTS Subscribe V C E X I T S Startups smash annual record for VC-backed exit value with 2019's IPO onslaught By James Thorne January 13, 2020 Venture-backed startups proved their worth in 2019 by following through on successful Share: exit strategies, despite a slowdown in activity near the end of the year. https://pitchbook.com/news/articles/startups-smash-annual-record-for-vc-backed-exit-value-with-2019s-ipo-onslaught 1/6 1/16/2020 Startups smash annual record for VC-backed exit value with 2019's IPO onslaught | PitchBook The value of all exits for venture-backed companies, which includes IPOs, buyouts and acquisitions, hit a record $256.4 billion across 882 deals, according to the 4Q 2019 PitchBook-NVCA Venture Monitor. That value was nearly double the $130.2 billion in 2018, which was itself a record at the time. Initial public offerings accounted for 78% of the total value, or $198.7 billion—more than the previous four years combined. The pre-money valuations of Uber, Lyft and Slack collectively contributed $112.5 billion, garnering huge IPO valuations despite subsequently dismal reception by public investors. Following those high-profile disappointments, IPO activity declined 26% in 4Q 2019 compared with the pace set in the first three quarters. "Profitability, or being cash-flow positive, is now almost required," Previn Waas, US IPO Services Leader at Deloitte, told PitchBook.
    [Show full text]
  • Hsbc Trust in Technology
    Trust in Technology “There is one thing which, if removed, will destroy the most powerful government, the most successful business, the most thriving economy, the most influential leadership, the greatest friendship, the strongest character, the deepest love... That one thing is trust.” Stephen M. R. Covey, The Speed of Trust Contents 01 Foreword 03 Why we need to study the nature of trust 04 The state of trust in technology today 12 Love, lust and convenience 14 How security fears undermine trust 18 The case for robo-advisors 20 Trust at the outer limits of technology 24 H2M versus H2H: How machine interactions differ from human relationships 27 Conclusion: The path to high trust HSBC TRUST IN TECHNOLOGY 1 Foreword igital technology is The report explores some of rapidly changing the the top technology topics of the world. The number of moment, like artificial intelligence, mobile banking users biometrics, digital wallets and data is forecast to double driven nudge applications. Dbetween 2015 and 2019 to 1.8 billion, representing more than one quarter We will apply the insights this of the world’s population. As one research provides to our own of the world’s largest banking and business, as well as sharing them financial services organisations, broadly with the financial services serving more than 37 million industry and other stakeholders. customers across 70 markets, we need to anticipate and be ready to Digital demands vary from customer respond to that change. to customer and market to market, but the long-term direction is clear: Our Trust in Technology research customers should be able to bank explores public opinion about with us when they want, in the way the new technology banks and that they want.
    [Show full text]