Category Archives: Business

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Business: Insurance

COVID-19 Car Insurance Guide – How To Save Car Insurance Money

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“Even though the economy is in decline and many policyholders are struggling, there are still ways to reduce the car insurance expenses,” said Russell Rabichev, Marketing Director of Internet Marketing Company.


Los Angeles, CA (PRWEB)

Compare-autoinsurance.org has released a new blog post that explains to the drivers how to reduce car insurance expenses during this COVID-19 pandemic and following wave of unemployment.

For more info and free car insurance quotes, visit https://compare-autoinsurance.org/coronavirus-car-insurance-tips-how-to-save-money-during-these-difficult-times/

The ongoing COVID-19 pandemic, which started the last year in the Chinese province of Hubei, is spelling disaster on multiple levels. More than 10 million US citizens lost their jobs and the number is expected to soar in the following weeks. Without a job, they will face a difficult time paying for essential services, including insurance services. Compare-autoinsurance.org (https://compare-autoinsurance.org/) presents a list with 5 options that should be taken into consideration by all policyholders who want to cut-off the car insurance costs. These options are:

1)    Apply for coronavirus-related payment delays or plans. Many insurance companies understood the difficult time their clients are passing through and are willing to cooperate. After this pandemic passes, the economy is likely to recover and many persons will get their jobs back. This is also what insurance companies hope for and this is why they implemented special terms and conditions to support their clients. Depending on the insurance company, the policyholder may benefit from pausing cancellations caused by nonpayment of premiums. Other plans may include delayed payments, pausing non-renewals or even payment assistance. It is important for the policyholders to talk with their insurers before the bills are issued.

2)    Suspend the current auto coverage. This basically means putting the coverage on pause and resume it when the policyholder is able to pay for it again. It’s another effective way to prevent car insurance lapses and face higher premiums in the future. Usually, companies do not allow clients to suspend their policies, but in this case, they may make an exception. Either way, it is recommended to talk to the insurer and get its confirmation. This option may not be available for those who have car loans since lenders will ask for coverage on the vehicle.

3)    Cancel coverage. Policyholders can ask to cancel coverage with any insurer and sign a new contract when the economic climate is more favorable. Just like the previous option, canceling coverage is likely unavailable for those who have car loans.

4)    Reduce coverage. This is a good alternative for those who want to stick to the basics and pay less. But first, make sure to read the state’s legislation and minimum coverage requirements. While some states impose only minimum liability coverage, other states also require other types of coverage, like uninsured/underinsured motorist coverage, PIP coverage or other forms of medical payment coverage.

5)    Remove drivers from a policy. Removing drivers from a family car insurance plan is a sound way to get cheaper premiums. If some family members do no longer need to use the car, they should be excluded from the policy. Since schools and universities are closed, it makes sense to exclude teen drivers from policies. Teen drivers are usually the most expensive to insure and removing them from the coverage plans will greatly improve the rates. Just keep the person(s) who need to use the car and go to work

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org

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Business: Executives

Complianceworks Inc. Make Unprecedented Move to Reduce Fees in Response to COVID-19 Health Crisis

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PALOS VERDES ESTATES, Calif. (PRWEB)

Financial services industry provider of outsourced compliance services, ComplianceWorks Inc. has made an unprecedented move to voluntarily reduce its fees to existing and new clients by an average of 19% in response to the COVID-19 health crisis and the economic damage being caused by preventative restrictions on businesses.

In most cases, the revenues of clients of ComplianceWorks Inc. are directly tied to changes in the market because they typically collect a percentage fee of the market value of thier clients’ accounts. Thus with the broad market decline, investment advisory firms can be looking at 20% – 30% lower revenues for the 2nd quarter of 2020. Depending on the ripples in the economy of the COVD-19 restrictions, further unfavorable market reactions are possible.

When asked about the decision to temporarily reduce fees, Jeff Groves, President of ComplianceWorks Inc. responded, “The decision to provide relief to our clients is two-fold: 1) A central part of our service is the relationship with our clients that is more of a partnership due to the central role compliance has within these firms. While it’s easy to talk about being a partner when marketing or when all is well, the true test is will you be a partner when things do not go well? By reducing our fees we are in the same boat as our clients as all of us work towards recovery; 2) Understanding that your client partner is looking at an immediate heavy hit to revenues that will push the cost of compliance to a higher percentage of their cost structure. With some vendors you could just terminate the contract. But the compliance obligations of these firms do not go away with a contract termination. Many of our clients do not have the knowledge and/or resources in-house to affect their compliance program. Thus, terminating compliance assistance will also have the effect of increasing regulatory risk exponentially. As such we consider this our responsibility to continue to aid our clients in working through this difficult period rather than being insensitive their situation.”

Client reactions in addition to being effusively thankful have also had an element of disbelief. They understand ComplianceWorks commitment to being a good partner, but in the words of one client, “I’m almost, but not quite, speechless! This is very thoughtful and extremely appreciated. If only our other industry related vendors did the same life would be so much easier but I’m not holding my breath. In the meantime, I’m actually looking forward to the time when you raise our fee back to normal….” Regardless of industry, the sentiment of looking forward to returning to “normal” provides comfort now and something we all can look forward to.

About ComplianceWorks

ComplianceWorks was born in 2007 out of the need for small to medium-sized investment advisers and broker-dealers to have access to professional compliance help at a reasonable cost. Typically, principals of firms trying to grow their businesses soon discover that keeping abreast of compliance regulations and their compliance obligations is onerous and falls by the wayside in favor of revenue producing tasks.

ComplianceWorks’ consultants have learned compliance in real-time corporate environments, on the job as CCOs and other high-ranking compliance professionals which gives them an understanding of where compliance fits into the bigger business picture.

For more information, contact info@cwicompliance.com

Related Link

http://www.cwicompliance.com

ComplianceWorks Inc.

P.O. Box 6

Palos Verdes Estates, CA 90274

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Business: Insurance

Cheap Car Insurance USA – Top Tips That Will Help Drivers Save Car Insurance Money

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“Getting online quotes will help you find affordable coverage. Check our website for more car insurance tips”, said Russell Rabichev, Marketing Director of Internet Marketing Company.


LOS ANGELES (PRWEB)

Drivers all across the United States have to assume financial responsibility when driving a car. Depending on the state’s laws, coverage preferences, driving history and other relevant factors, the coverage will be more or less expensive. Find out how to get cheaper coverage and get free car insurance quotes from

http://compare-autoinsurance.org/.


  • Use a safe location as a parking spot. Insurance companies analyze the place where the car is parked overnight. They associate that specific location with the chances of being stolen or vandalized. When filling online questionnaires users may be asked if the car is kept at the specified ZIP. Obviously, those who park their cars in a garage or a well-monitored parking lot will get better premiums.

  • Improve the credit score. Clients are asked to provide their credit score range when filling in applications. Obviously, people with Excellent status will get better prices. Improving the credit score is possible, but requires financial counseling from experts. They will present all available strategies.

  • Enroll and graduate approved defensive driving courses. Insurance companies are more than happy to work with safe drivers. People who voluntarily enrolled in defensive driving coursed and graduated them will get a discount. Furthermore, graduating courses will help drivers keep premiums low, by offsetting some future license points.

  • Cooperate with a good insurance agent. Establishing a good professional relationship with an insurance agent will provide multiple long-term benefits. The agent may periodically inform the driver about the latest offers and discounts. The agent will help the client through multiple legal procedures.

  • Compare online car insurance quotes. Online quotes will help drivers check prices from multiple insurance providers. They will also help drivers customize coverage options and create a coverage plan suitable for the driver’s needs and financial resources.

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For more information, please visit http://compare-autoinsurance.org.

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Business: Executives

New Fed Mortgage’s Michael Bornstein Ranked as One of the Nation’s Top Originators

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“We are extremely grateful to have such a dedicated and loyal employee with Michael Bornstein as part of our team”


DANVERS, Mass. (PRWEB)

New FED Mortgage Corp. congratulates Michael Bornstein for ranking as a Scotsman Guide 2019 Top Originator. Michael Bornstein was ranked #123 with 405 closed loans and also #133 in Top Dollar Volume of $149,379,963 in funding’s.

Scotsman Guide, the leading resource for mortgage originators, released its annual Top Originators rankings on April 1 for the previous year. The list, which ranks the nation’s top mortgage producers, appears in Scotsman Guide’s April 2020 residential edition, and the rankings are available online at Scotsmanguide.com/rankings/top-originators.

Michael was ranked among entries from more than 2,600 mortgage professionals across the country, and he has made this coveted list repeatedly over the past 7 years. To be eligible for initial consideration in Scotsman Guide’s Top Originators ranking, originators must have had at least $40 million in loan volume or closed 100 or more loans in calendar year 2019. After receiving submissions, Scotsman Guide required written verification of top entrants’ volume from a certified public accountant, the chief financial officer at the originator’s company or a similar source.

Michael started his mortgage banking career in 2005, and over the past 15 years he has taken an all-in, 24/7 approach to the mortgage business. His tremendous success is due to an unwavering commitment to excellence for his customers and his do whatever it takes team approach with the operations staff. Mike is most importantly a dedicated family man, residing in suburban Boston with his wife and two young sons.

New Fed Mortgage, based in Massachusetts has specialized in residential retail lending since 2001. Licensed in 11 states, the company is an approved Fannie Mae and Freddie Mac Seller Servicer Lender that offers a multitude of mortgage programs and products. New Fed Mortgage President, Brian D’Amico commented “We are extremely grateful to have such a dedicated and loyal employee with Michael Bornstein as part of our team who truly has a distinctive work ethic. He is a true professional that is respected by his peers”

Scotsman Guide Media Inc. publishes a residential edition and a commercial edition of Scotsman Guide, in addition to Scotsman Guide News, Loan Post, Scotsman Guide Community and other platforms at ScotsmanGuide.com. Each month, the magazines reach tens of thousands of subscribers nationwide. Scotsman Guide is the leading resource for mortgage originators and connects mortgage originators with wholesale and commercial lenders.

For more information, visit http://www.newfed.com or contact New Fed Mortgage at 781-241-1200.

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Business: Insurance

Quantify Health offers free trial to companies to deliver strong bottom line savings in this difficult economic time

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NEW YORK (PRWEB)

As the U.S. enters an economic downturn driven by a truly unprecedented pandemic event, companies are being directly and indirectly affected by the economic crisis. Industries ranging from hospitality and restaurants to non-grocery retail and manufacturing are experiencing a sharp slowdown in revenue.

As revenue declines due to demand reduction and supply shortages, companies will need innovative ways to increase profits. Quantify Health’s (https://www.quantifyhealth.co) COO Raj Sandhu says, “The easiest way to make a dollar in profit is to lower costs by a dollar, since every dollar saved goes straight to the bottom line. But of course, a lot of traditional cost cutting measures like layoffs and outsourcing can be harmful for the company. They can affect employee morale, product quality, or customer experience.”

Healthcare in particular is a major expense. On average, it represents the second-highest operating expense category after employee wages, though it is the fastest growing opex category. A recent analysis from Willis Towers Watson shows that U.S. employers can expect to see cost increases of 1-7% depending on the scale of the pandemic, on top of expected annual increases of 5%. Lowering healthcare costs is critical for companies – the key is to do so in a model that doesn’t require capex or other upfront costs, while also not affecting the quality of employee healthcare.

Quantify Health does just that – lowering healthcare and workers’ compensation costs for employers by at least $150 per employee per year, without any upfront or fixed costs and without negatively affecting healthcare or benefits quality. “Especially for companies with thousands or tens of thousands of employees, this can save millions of dollars a year – which can be a critical lever to sustain businesses during this economic crisis,” says Raj. Quantify Health is offering a free trial to companies with over 5,000 employees, delivering the first $10,000 in savings for free without signing a contract.

This crisis will fundamentally affect many industries – and a sizable number might not survive. The key for companies will be to lower costs categories like healthcare in an impactful and sustainable way in order to weather the crisis and emerge stronger on the other side.

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Business: Executives

Sureify Adds Consulting Expertise of Former Life Insurance Executive

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Most insurers know that they need to modernize and integrate distribution, but they really don’t have a direction,” Simms said. “I’m happy to work with Sureify clients to accelerate their digital D2C/agent-facing strategy using Sureify’s best-in-class platform.


SAN JOSE, Calif. (PRWEB)

Life insurers now have a faster, more cost-effective way to digitize distribution: with the right technology and strategic guidance from a resource that has successfully launched a D2C experience in-market.

Sureify, the leading digital platform for life and annuity insurance companies, has partnered with Craig Simms, former CMO of a niche life insurance company and now Principal of Forest Lake Consulting. Simms led his company from agent-only distribution to a modern multi-distribution platform. Using the Sureify Lifetime platform, Simms played a critical role in building, testing, and launching the first multi-product direct to consumer (D2C) online quote and apply experience in the U.S.

“Most insurers know that they need to modernize and integrate distribution, but they really don’t have a direction,” Simms said. “I’m happy to work with Sureify clients to accelerate their digital D2C/agent-facing strategy using Sureify’s best-in-class platform.”

The Sureify Lifetime platform is built for life and annuity insurers to acquire, service, and engage customers. Now Sureify customers can tap into Simms’s digital insurance expertise in these areas:

Life insurance distribution strategic planning

  • transforming customer engagement for digital age consumers

  • creating a D2C plan that can also support existing agent distribution

  • understanding and leveraging Sureify’s tools to satisfy A.M. Best’s new carrier innovation expectation

Implementation guidance for life and annuity companies that have engaged Sureify to bring products to market digitally

  • reducing time to market and costs

  • creating an initial D2C plan (targets, integration with current distribution, digital marketing strategy, branding, etc.)

  • assembling internal and external resources to build out the plan

“My team and I were in the trenches with Sureify,” Simms said. “I can help companies shorten the timeframe and the cost of deploying a direct-to-consumer or digital agent experience because I’ve been there. With Sureify’s Lifetime platform, I can help steer them away from the challenges they might face in building out the process.”

The typical Sureify Lifetime platform implementation takes three to six months.

“Time is money, and we’re glad that our customers can rely on Forest Lake Consulting to guide them through their transformation,” Sureify Senior Vice President Bryan Padgette said. “Skip the tedious RFP process and get a clear roadmap from an expert who’s done it before.”

About Sureify

Sureify’s mission is to modernize the life insurance and annuity industry by helping carriers acquire, service, and engage their customers with one enterprise platform: Lifetime. We enable omnichannel sales with LifetimeAcquire, a product that drives placement rates via quoting, e-application, automated underwriting, and new business transmission. With LifetimeService, insurers are offering their in-force customers comprehensive self-service portals and native applications. Lastly, the product that started it all, LifetimeEngage, fosters a lifelong relationship between carriers and their policyholders with multifaceted engagement programs and analytics, leading to greater lifetime value of each policyholder.

Learn more about http://www.sureify.com.

About Forest Lake Consulting

Forest Lake Consulting helps life insurance companies create direct-to-consumer and agent distribution in a contemporary, digital ecosystem. This ecosystem drives organizations forward and attracts new, younger customers while respecting the role of traditional distribution. With 30 years of life insurance distribution experience, Principal Craig Simms is known for his expertise in building the first multiproduct direct-to-consumer (D2C) online quote and apply in the U.S.

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Business: Insurance

Why Drivers Who Want Cheaper Car Insurance Should Use Online Insurance Quotes

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“If you have a limited budget, then getting online quotes is the best thing to do. This will help you get prices better than the ones offered by the current insurer upon renewal”, said Russell Rabichev, Marketing Director of Internet Marketing Company.


LOS ANGELES (PRWEB)

Compare-autoinsurance.org has released a new blog post that explains how drivers with limited financial possibilities can still get affordable car insurance.

For more info and free car insurance quotes online, check http://compare-autoinsurance.org/why-use-car-insurance-quotes-if-you-have-a-tight-budget/

Auto insurance is a necessary, but expensive service. On average, it can cost more than $800 per year. Luckily, there are ways to keep costs under control and even lower them. Comparison shopping is recommended by all insurance experts. Drivers can get free car insurance quotes from http://compare-autoinsurance.org and look for offers at reasonable prices.


  •     First, determine the available budget. Before getting any price estimate, a client must know how much they can spend on coverage. That will tell him what policies to buy and maximum coverage limits. Purchasing the minimum requirements is mandatory by law. After the requirements are met, anything extra is up to the policyholder. It is always recommended to buy a little extra more coverage than the minimum.

  •     Communicate the insurer the maximum budget. A competent insurer will know how to customize a policy based on the client’s available money. After all, every insurance company wants more clients. Some extra services may be skipped in order to achieve the desired insurance premiums.

  •     Buy only the most needed or useful extra riders. Adding many extra services may be really tempting. But it will also be very costly. Limit to only 2-3 riders and select the most important ones, like roadside assistance or accident forgiveness.

  •     Ask for high deductibles. Having high deductibles will make premiums cheaper. However, the money should be given immediately after filing a claim. It is recommended to ask for higher deductibles and after getting cheaper premiums, create an emergency fund. Slowly adding more money in that fund will help the driver pay for the deductible, should this ever be needed.

  •     Use online quotes to find cheap car insurance. Online questionnaires allow drivers to select coverage amounts. In this way, the client will be presented with policies that are within his financial possibilities. Customizing several aspects of the questionnaire will help drivers achieve their goals.

  •     Ask for discounts after completing the quote online form. Online forms do not cover all aspects. This is why drivers should also check for all available discounts and their requirements. Getting discounts should become a priority for those with a tight insurance budget.


Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/

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Business: Executives

TrueFire Studios Announces New CEO

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NEW YORK (PRWEB)

TrueFire Studios, an alliance of leading online music education companies, today announced that Owen Grover has been named Chief Executive Officer. With more than 20 years of experience leading digital, music and mobile platforms, Grover brings deep expertise to the newly formed alliance, which is focused on democratizing music education by providing affordable, anytime access to music education and video lessons presented by best-in-class artists.

“I’m thrilled to welcome Owen Grover to the family as CEO of TrueFire Studios,” says Brad Wendkos, founder of TrueFire. “Owen’s music background coupled with his impressive pedigree in digital music services, streaming platforms and podcasting make him ideal for steering TrueFire Studios and leveraging our music education brands.”

Grover most recently served as CEO of Pocket Casts, an acclaimed global podcasting platform. Prior, Grover spent more than a decade at iHeartMedia, where he was a founding member of iHeartRadio — an online radio, podcasting and music streaming service. Grover also helped to establish iHeartMedia’s Entertainment Enterprises division, where he developed events and programs including the iHeartRadio Music Festival and the iHeartRadio Music Awards.

“Today, more than ever, we have an extraordinary opportunity to instill a love of music learning, deliver the highest quality curriculum to students, and offer the artist community the tools they need to thrive,” said Grover, who will be based in TrueFire Studios’ NYC offices. “With TrueFire Studios’ patented learning technology platforms, a deep pool of legendary instructors and actively engaged learners, I couldn’t be more thrilled to join the team.”

In December of 2019, TrueFire and JamPlay partnered with Growth Catalyst Partners to join forces and unite their respective online video lesson libraries, mobile and desktop apps, and patented learning tools. As a result of the alliance, TrueFire Studios now provides more than 3 million music students with unparalleled resources for advancing their musical goals.

“With decades of experience growing audio and digital platforms, and his boundless passion for music, Owen’s appointment as CEO complements an already outstanding team,” said Scott Peters, Managing Partner of Growth Catalyst Partners. “Together, they will usher in a new chapter of growth by building the world’s preeminent destination for music students, while providing meaningful revenue share opportunities for artists and educators.”

In its most recent show of support for the music community, TrueFire Studios launched a variety of initiatives in response to the COVID-19 crisis, including a suite of self-publishing, revenue-generating platforms for artists; as well as a K-12 program providing 90 days of free access to its online lesson library for teachers and students affected by school disruptions.

About TrueFire Studios

TrueFire Studios is an alliance of the world’s leading online music education companies. We are passionate about democratizing music education by providing affordable, anytime, anywhere access to best-in-class artists and the most comprehensive music lesson library on the planet, across all major instrument categories. We provide exceptional revenue-share opportunities for educators while preserving artist-led music education for future generations. For more information, visit http://www.truefirestudios.com, http://www.truefire.com, http://www.jamplay.com.

About Growth Catalyst Partners

Growth Catalyst Partners is a middle-market private equity firm focused on information, marketing, and tech-enabled services businesses. GCP’s strategy involves targeting growth segments of industries and identifying market-leading companies with breakout potential. GCP partners with top executives within those industries and provides capital and expertise to the incumbent management teams of the targeted businesses. GCP was founded by veteran private equity investor Jim TenBroek and leading investment banker Scott Peters, who have led hundreds of transactions and successful investments in services businesses for over 20 years. For more information, visit http://www.growthcatalystpartners.com.

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Business: Insurance

EffortlessHR® Enhances Client Experience

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“EffortlessHR has been providing their customers with valuable services for a number of years, and the EffortlessHR Employer Resource Center will continue to enhance that experience.”


BOSTON (PRWEB)

EffortlessHR® has introduced a new edition, the EffortlessHR Employer Resource Center, provided by Enquiron®. The EffortlessHR Employer Resource Center provides customers with a variety of online services including access to employment law and ERISA attorneys, proactive regulatory updates, on-demand training, webinars, guides, tools and more.

Lola Kakes, Founder and CEO of EffortlessHR® believes that: “This new Resource Center will provide quality service to our current clients and all future clients in the area of employment law, which is so important, especially in today’s workplace.”

All EffortlessHR® customers will be provided with unlimited, confidential access to employment law and ERISA attorneys, able to provide them with specific answers to their specific employment related HR, health care, benefits, and retirement questions. They’ll also have access to a variety of human resource, health care and retirement content, tools and resources. Each member will be personally introduced to the services to ensure they take full advantage of the resources EffortlessHR is providing.

“We are excited to begin delivering valuable resources to EffortlesHR’s customers,” said Mike Naclerio, President & CEO of Enquiron. “EffortlessHR has been providing their customers with valuable services for a number of years, and the EffortlessHR Employer Resource Center will continue to enhance that experience.”

ABOUT EFFORTLESSHR:

EffortlessHR® is an easy to use, affordable, on-line Human Resource Program for businesses that are looking for a resource to guide them through the maze of HR laws and issues. Accessible from your computer at any time, EffortlessHR® is your source for fast and understandable answers to human resource questions. Get current forms and reports on-demand. Save time and frustration by keeping all your information safe and secure in one central location.

ABOUT ENQUIRON

Enquiron, http://www.enquiron.com, headquartered in Boston, Massachusetts, provides consultative business solutions to employers in all 50 states, across various industries, sectors and sizes. Since 1996, Enquiron has revolutionized the way that services impacting Human Resources, Employment Law, Healthcare, Retirement, Cyber Security and more are delivered to and utilized by employers. Enquiron has locations across the United States and is a trusted partner to organizations who need specific answers to specific questions. Follow us on LinkedIn and Twitter.

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Business: Executives

Celebrity Venture Capitalists Named by VC News Daily

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BOSTON (PRWEB)

VC News Daily, one of the leading web sites for news on Venture Capital, is excited to announce the launch of its revamped Celebrity VCs feature: https://vcnewsdaily.com/Celebrity_VCs.php, which profiles the biggest celebrities investing in startups.

Celebrities of all types—actors, athletes, and singers—are grabbing the VC bull-by-the-horn, and investing in early stage companies. From Justin Timberlake to Snoop Dogg, Kevin Durant to Will Smith, celebrities are taking stakes in the hottest startups.

And some celebrities aren’t just stopping at the occasional investment. Celebrities such as Ashton Kutcher, Aaron Rodgers, and Joe Montana even have their own Venture Capital firms.

“As they build their brands across business and entertainment platforms, celebrities are finding a natural symbiosis with startups,” stated Editor, Mike Stern. “By enticing celebrity investors, startups gain instant cache and credibility. For their part, the celebrities obtain equity positions at prices typically reserved only for institutional investors.”

Household corporate names such as Uber, Airbnb, Spotify, WarbyParker, and Slack are just a handful of the companies that have tapped celebrities as investors.

About VC News Daily

VC News Daily is the #1 daily digest of Venture Capital financings, originally launched by Massinvestor in the Summer of 2011. Massinvestor https://massinvestor.com/ is the leading publisher of Venture Capital, Private Equity, and Family Office Databases https://familyofficedata.net/.

You can follow us on Twitter: https://twitter.com/VCNewsDaily

And follow us on Facebook: https://www.facebook.com/VentureCapitalFundings/

Our RSS feed can be found at: http://feeds.feedburner.com/vcnewsdaily

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