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BizJournal 💲📰

Attracting investors in a down market: 5 ways to prepare

10 months ago
This is a tough time to be out fundraising. According to the recent KPMG Private Enterprise Venture Pulse report, VC investment in the U.S. fell in 2023. And it is expected to remain subdued in the first half of 2024 as venture capitalists continue to sharpen their due diligence and focus on sustaining their existing investments. Early-stage companies are finding it particularly tough to attract VC attention. Those private companies that are successfully raising from VC investors are doing so at…
KPMG

Discount chain to close hundreds of stores

10 months ago
Struggling discount chain Family Dollar is set to close about 1,000 stores across the country. Dollar Tree, which owns Family Dollar, said it plans to close 600 Family Dollar locations in the first half of its fiscal 2024 and 370 Family Dollar stores over the next few years as store leases expire. Family Dollar has around 8,000 U.S. stores. The parent company also said it will close 30 Dollar Tree stores as leases expire. Dollar Tree CEO Rick Dreiling announced the plans Wednesday on a call…
Ted Andersen

GOP senator urges Missouri House to reinstate ‘ballot candy’ into initiative petition bill

10 months ago
When Terrence Wise explains Missouri’s initiative petition process to his children, he brings up one particularly remarkable play by the Kansas City Chiefs. The famous 13 second overtime win against the Buffalo Bills secured the Chiefs a place in the 2023 Super Bowl. As a result of the win, the NFL changed its overtime rules. “That worked in our favor here in this Super Bowl this year, but that shouldn’t be the game we play when we talk about our democratic process,” Wise says he told…
Anna Spoerre

US House votes to ban TikTok unless it is sold by China-controlled parent

10 months ago
The U.S. House on Wednesday overwhelmingly passed a bill that effectively bans TikTok unless the company splits from its Chinese owner ByteDance because of national security concerns. The 352-65 vote occurred just a week after lawmakers introduced the bipartisan proposal and days after the powerful House Committee on Energy and Commerce unanimously advanced the legislation, an unusual speed for the 118th Congress. Rep. Cori Bush, D-St. Louis, was the only member of Missouri's delegation to vote…
Ashley Murray

Travis Ford fired as head coach of SLU Billikens basketball team after A-10 loss

10 months ago
Travis Ford, the head coach of the Saint Louis Billikens mens basketball team for eight seasons, was fired Wednesday night following the team's 83-73 loss to Duquesne in the Atlantic 10 tournament. "There's a lot going through (my mind). First and foremost, my players—and I'm proud of how we finished the year—and my coaches," Ford told KSDK. Ford was hired by SLU in March 2016. Before joining the Billikens, Ford had head-coaching stints at Oklahoma State, Massachusetts, Eastern Kentucky…
Jacob Kuerth