Data analytics company Splunk officially enters the venture capital game with $150 million Splunk Ventures and a dedicated Social Impact Fund

. Large tech companies, like Intel and Cisco, have for years operated in-house venture funds dedicated to investing in promising startups and technologies. Often, these corporate VC arms served as mergers-and-acquisitions pipelines for the parent company. In the last six months, public and private tech companies like Slack,But Splunk has set a more altruistic standard with its dedicated $50 million Social Impact Fund.

"We have to make sure we are investing in both sides of the equation," St. Ledger said."We don't want to lose sight of the social impact side of things." St. Ledger said that Splunk Ventures will operate within Splunk's larger organization under the mergers and acquisitions team. Given the, St. Ledger acknowledged that the Splunk Ventures team will have to work hard to convince entrepreneurs to accept funding from the new fund.

"Very often that is what corporate venture is used for, but the truth of the matter is that's not our intent going into it," St. Ledger said of whether or not the fund would be used to help the company source acquisition targets."It's really about accelerating the data ecosystem and partnering with the portfolio companies."

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

This data analysis is blowing minds in the finance world — and could change how you investDollar-cost averaging has long been espoused by the likes of Warren Buffett and Benjamin Graham as a savvy way to mitigate risk and build a portfolio by investing a fixed amount of cash regularly over a period of time. But is that tried-and-true approach better than putting a lump sum to work all in one leap into equities? Or even fixed income? Strategic planning is important when dollar cost averaging but you must understand both technical and fundamental values and have a planned budget to work with for each stock you invest or trade. You should know the upside potential and downside risk of all your holdings. Then you're doing it wrong Isn’t this obvious? IF YOU HAVE A BUNCH OF CASH YOU ARE SITTING ON ALREADY, and have the opportunity to invest in an asset with ROI mean and variance in the ballpark of, for example the S&P, DCA is primarily delaying gaining exposure to that ROI.
Source: MarketWatch - 🏆 3. / 97 Read more »

Venezuela slows oil output, blending as stocks mount: sources, dataVenezuela's state-run oil company PDVSA has suspended some crude blending a... Are they trying to feed the oil calamity in Saudi Arabia? Lousy timing.
Source: Reuters - 🏆 2. / 97 Read more »