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LegalZoom Announces $500 Million Investment, Among Largest in Legal Tech History |
In one of the largest single legal technology investments to date, on-demand, Web-based legal services company LegalZoom announced this morning that it has received a $500 million secondary investment led by Francisco Partners and GPI Capital. The investment will also include participation from one or more Franklin Templeton Investments funds and funds managed by Neuberger Berman Investment Advisers.

LegalZoom did not release the percentage of the company the new investors were purchasing. However, the investment stands to significantly raise LegalZoom’s valuation from just a few years ago—in 2014, European private equity firm Permira acquired between 47 percent and 50 percent of the company for $200 million, a deal that valued LegalZoom at $425 million at the time. Bloomberg estimates the new valuation at $2 billion.

Through this deal, Permira will remain the company’s largest shareholder. Bryant Stibel retains its entire ownership stake in the company, while Kleiner Perkins and Institutional Venture Partners retain the majority of their ownership stakes. As part of the deal, Dipanjan Deb and Neil Tolaney from Francisco Partners and Khai Ha from GPI Capital will join LegalZoom’s board of directors.
competition  capital  access 
3 days ago by JordanFurlong
LegalZoom Offers Smart Contracts with Pioneer Clause – Artificial Lawyer
And for anyone who is wondering where LegalZoom is now in terms of scale and client reach, check out these numbers: since its foundation over 15 years ago, LegalZoom has served over 4 million customers in the US and the UK, and now has over 1,200 employees.

The company also recently received a gigantic $500 million secondary investment led by Francisco Partners and GPI Capital, giving it huge support for further growth in the US and other key legal markets around the world.
blockchain  access  innovation  competition 
3 days ago by JordanFurlong
3dsense - applications using 3D sensors
Marketing & advertisement. We make use of 3D sensors for a novel approach to interactive marketing. Our solutions enable game interaction with customer and gathering of anonymous statistics concerning interacting persons or persons in sensor's view.
5 days ago by Geir
Ingage Instants App - Social Media Post App - Social Media Marketing App — Ingage
Instants is a new iPhone app to help anyone (especially businesses) make social media content with stylish motion graphics.
iOS  business  competition 
7 days ago by cvn
This Newborn Photo Shows a Baby and His Twin Brother's Ashes
New Zealand-based photographer Sarah Simmons has won an international photo competition with a powerful newborn photo showing a baby with his twin brother’s ashes. reports that mother Cherie Ayrton learned the devastating news that one of her twins had passed away in the womb at her five-month ultrasound scan.
She still kept the newborn photo shoot she had booked with Simmons, and the photographer came up with the idea of capturing a portrait of baby Tiger with his brother Johnny’s ashes.
Simmons wrapped Tiger in a cloth, twisted it, and connected the other end to Johnny’s ashes to symbolize an umbilical cord.
photography  competition  award  children  ANZ 
12 days ago by rgl7194
Yuval Noah Harari on Why Technology Favors Tyranny - The Atlantic

- In 2018 the common person feels increasingly irrelevant.
By 2050, a useless class might emerge, the result not only of a shortage of jobs or a lack of relevant education but also of insufficient mental stamina to continue learning new skills.

- whatever liberal democracy’s philosophical appeal, it has gained strength in no small part thanks to a practical advantage: The decentralized approach to decision making that is characteristic of liberalism—in both politics and economics.
In the late 20th century, democracies usually outperformed dictatorships, because they were far better at processing information.
Democracy distributes the power to process information and make decisions among many people and institutions, whereas dictatorship concentrates information and power in one place.
- If you disregard all privacy concerns and concentrate all the information relating to a billion people in one database, you’ll wind up with much better algorithms than if you respect individual privacy and have in your database only partial information on a million people.

- What will happen to this view of life as we rely on AI to make ever more decisions for us?
once we begin to count on AI to decide what to study, where to work, and whom to date or even marry, human life will cease to be a drama of decision making, and our conception of life will need to change. Democratic elections and free markets might cease to make sense. So might most religions and works of art.
If we are not careful, we will end up with downgraded humans misusing upgraded computers to wreak havoc on themselves and on the world.

- For starters, we need to place a much higher priority on understanding how the human mind works—particularly how our own wisdom and compassion can be cultivated.
- More practically, and more immediately, if we want to prevent the concentration of all wealth and power in the hands of a small elite, we must regulate the ownership of data.
advice  future  crisis  ai  society  politics  people  life  work  mentality  human  democracy  liberal  dictatorship  competition  from instapaper
13 days ago by aries1988

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