Jim Heckman's Maven was losing millions last year, SEC filing shows - Business Insider

simply click here to claim your deal and get access to all exclusive Business Insider PRIME content.

Maven, the startup that just took over Sports Illustrated's operation, was showing substantial losses last year. Management expressed "substantial doubt" that the company could continue through 2019, according to an SEC filing from August.CEO Jim Heckman says that he foresees the company being profitable in 2020.Maven, the startup founded in 2017 by Jim Heckman as an independent publisher platform, was sustaining heavy losses as of last year, according to a quarterly SEC filing.

As of July 2019, the company had raised about $112.8 million, but still didn't have enough resources to fund its operation through June of 2020, according to the filing. Serial entrepreneur Heckman founded Maven in 2017 as a platform to help independent publishers compete in a Facebook- and Google-dominated digital ad market. Maven is in the spotlight now having recently licensed the right to operate Sports Illustrated from ABG, a branding, marketing and entertainment company that bought the title from Meredith Corp.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Everything Jim Cramer said about the stock market on 'Mad Money,' including big bank earnings, Marc Benioff interview, health stocks and Wex CEOJim Cramer talks earnings and stock rotations, sits down with Salesforce co-CEO Marc Benioff and corporate payments Wex CEO Melissa Smith, and explains why UnitedHealth shares jumped on a good quarterly report. This guy.. this guy is so rich he gives advice!! The oracle of .. oh wait Cramer is a crook You should think about taking this clown off of TV. Until then, I'm watching BloombergTV
Fuente: CNBC - 🏆 12. / 72 Leer más »

Ancestry debuts new genetic health services - Business Insider - Business InsiderAncestry is stepping into healthcare with a pair of AncestryHealth services aimed at determining consumers' risk for hereditary conditions. It’s a hot girl summa so u kno she got it lit
Fuente: BusinessInsider - 🏆 729. / 51 Leer más »