🙇The Bulletin #19: Chat with Aneesha Mehta, Aftermath on Musk’s Twitter Buyout, & Student Jobs/Summer Internships!
Today, we at VWV wrap up with the last bulletin of the school year and we can’t thank you all enough for coming along with us as we learn more about the VC space!
Welcome to the Bulletin #19, featuring what has happened since Musk’s Twitter buyout, a conversation with our IC member Aneesha Mehta, and final thoughts as we wrap up VWV for the semester!
A Chat with Aneesha Mehta, Partner @ Bain Capital Ventures IC Member
Prior to investing in healthcare at Bain Capital, Aneesha was a public equities investor at Fidelity Investments in Boston. She graduated from Brown University with a degree in Science and Society!
About Bain Capital: 10 different funds focused on 10 markets, stage agnostic, domain focused, $100k-100m per investment, & 20-30 investors per fund
Favorite part of the job: the opportunity to work closely with portfolio companies, which isn’t necessarily true for many other investors who take on a much more passive role after investing. She’s a text/call away for founders and always wants to be there for the up’s and down’s.
Least favorite part of the job: extent of travel and the endless early flights, which is necessary to not only meet founders but talk to hospitals that may be a potential customer for adopting the service/product.
Continue reading here 🌟
Musk Buys Twitter, Now What? 👀
If you haven’t been caught up, yes, Elon Musk bought Twitter on Monday, April 25, for $44B at $54.20 a share and is taking the company private.
Some brief context to cover why people believe he chose to do so:
Loosening rules for free speech; Elon’s a huge Twitter user 🌟 himself and garners most of his followers through this platform
Creating an edit button to change tweets
Opening up Twitter’s algorithm to the public
And a whole mix of political messiness in relation to free speech and censorship
Check out the rest of the reasonings here! 🌟
One Person Controlling Twitter
Fred Wilson posted a short blog 🌟 on his push for decentralization, expressing his hesitation but slight optimism:
“I continue to believe that a single person owning one of the most important communications protocols of the internet is a bad idea, but maybe it can be a bridge to something better.”
🥴 Tesla Shares Drop 12%, losing $100B, after Twitter Buyout
Why did this happen? Well, analysts have three possible reasons: 🌟
Amount committed to the Twitter purchase
Fears that he’ll be distracted from his role as Tesla’s CEO
Fear around how much Tesla stock is put on the line for loans; last year, Musk put half his Tesla shares down as collateral
💥 Twitter Locks Down on Product Changes
Twitter won’t allow for product updates “unless they’re business-critical” and would need for approval from a vice president. The temporary ban was enacted to keep employees from “going rogue.”
Details are quite vague but read more here. 🌟
Speaking of Twitter, here’s who we’re following 🧚
It’s a Wrap! 🥳
THank you so much for tuning in over the past semester as we’ve explored different areas of VC, from our W3W series to Curriculum Snapshots. Check out this Medium page for updates over the summer from our analyst Jules Qian. Thank you so much for reading our newsletter this semester and enjoy the summer.
See you in the fall 🔥
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