Facebook co-founder Eduardo Saverin’s B Capital Group closes first fund at $360MB Capital Group, the VC fund founded by Facebook co-founder Eduardo Saverin, has closed out its first fund at $360 million (via Reuters). The fund, which is intended to invest globally but with a focus in Asia, closed an initial $140M back in 2016. In a letter to “friends of B Capital” which we reviewed at the time, Saverin and fund co-founder Raj Ganguly, wrote that the first close had pulled in nearly 60 percent of its target money. [ Tech Crunch ] When it comes to closing the gender funding gap, there's no silver bulletLike so much in life, solving the women-in-VC problem—that is, the lack of women—isn't going to be easy. The headwinds are well-known: A lack of representation. A lack of capital funding. Disturbing cases of discrimination and harassment. And a culture that often seems to pay only lip service to the idea that there's a systemic problem. Citi Ventures’ Vanessa Colella: ‘No one runs innovation, it’s all about unleashing it’As one of the largest financial institutions in the world, Citi takes its innovation efforts seriously. Combining internal and external models of collaboration with a disciplined corporate venture arm, the financial services giant ensures that it has a lot of coals in the innovation fire. Leading those efforts is Vanessa Colella. Vanessa runs Citi Ventures and is the Chief Innovation Officer at Citi. In my talk with Vanessa, we explore how Citi combines internal and external innovation and what role venture investing plays in the overall mix. For her, all this talk and activity around innovation addresses something very simple: how to get the best results for Citi’s clients. Silicon Valley Legend Tim Draper: Bitcoin And Crypto Will Take Over The WorldThe formidable Silicon Valley venture capitalist became a Bitcoin enthusiast before it was cool. He says he started thinking about digital currencies 15 years ago when he met a guy in South Korea who had bought a virtual sword for his son with regular cash. As currencies proliferated in videogames, Draper started looking for ways to convert one game currency to another. [ Forbes ] Bill Gurley contradicted Travis Kalanick’s testimony at the Uber-Waymo trialBenchmark partner Bill Gurley’s time on the stand was short. The former Uber board member was called as a witness on the fourth day of trial for Alphabet’s lawsuit against Uber. But in that brief time on the stand, Gurley — who presiding Judge William Alsup said could take the cake for the tallest witness in his court room — managed to contradict a small part of former Uber CEO Travis Kalanick’s testimony. Gurley was called upon as sort of a pseudo representative of Uber’s board at the time the company acquired self-driving trucking startup Otto. The startup figures at the center of Alphabet’s lawsuit against Uber, which alleges Otto co-founder Anthony Levandowski stole files to bring to Uber when he left Alphabet to found the startup. [ Re/Code ] A complete guide to the weird and wacky tech-bro slang used by former Uber CEO Travis KalanickUber and Waymo is in court this week, battling over allegations that Uber stole trade secrets. But something else is also on trial: Travis Kalanick’s questionable slang. The private texts and emails of the former Uber CEO have been endlessly pored over and scrutinized in search of insights as to his intentions and mindset following the controverisal purchase of a self-driving truck startup founded by a one-time star Google engineer. Kalanick is often derided as a "tech bro," and his colourful lingo while testifying in this trial — from "cheat codes" to a "pound of flesh" — has done little to discourage the notion. At the same time, Kalanick's lexicon, as revealed in the courtroom, gives some insight into how the former CEO views the industry and the world at large. So, in the interests of science, here are the key words and phrases you need to speak like Travis Kalanick. 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