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MY'STORY

The MOVE Fire

This is a personal recollection on the Move fire on May 13, 1985 Philadelphia police fired thousands of rounds at the MOVE house, city officials approved dropping an explosive device on the roof, the resulting fire was allowed to burn, 11 people—including five children—died, and 61 homes were destroyed. Philadelphia City Council later called it a “brutal attack carried out by the City of Philadelphia on its own citizens” and acknowledged that no individual faced criminal consequences for the bombing. One timeline correction worth preserving for the BHP record: the major previous MOVE-police confrontation was August 8, 1978, about seven years before the bombing, not a year or two earlier. Officer James Ramp was killed, other police and firefighters were wounded, nine MOVE members were later convicted, and television cameras recorded police beating Delbert Africa during his arrest. The 1985 MOVE Commission later specifically criticized city planners for failing to adequately use lessons from that 1978 confrontation. And that actually strengthens the point you’re making: 1985 did not happen without precedent or institutional memory. There had already been a deadly confrontation with MOVE, years of conflict, negotiations and police involvement before Osage Avenue.

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BLACK FACTS
The Truths They Never Taught You...

The Violence That Helped Spark the NAACP

In August 1908, a white mob attacked Springfield, Illinois’s Black community, destroying homes and businesses and lynching two Black men. National outrage over the violence helped spur the movement that created the NAACP the following year.

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BHP gathered finds from its connected research sources. Showing the 4 strongest Black History matches.
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Wikipedia

Hummer Winblad Venture Partners

Hummer Winblad Venture Partners
TypePrivate
IndustryVenture capital
Founded1989; 37 years ago (1989)
Founders
Headquarters,
U.S.
ProductsInvestments
Websitehwvp.com

Hummer Winblad Venture Partners (HWVP) is an American software and web focused venture capital firm based in San Francisco, California. Its founders include John Hummer and Ann Winblad.[1] The firm was an early investor in Napster, the first popular file sharing service, and in several internet firms that failed during the dot-com bubble.

History

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First decade (1989–1999)

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Ann Winblad started Hummer Winblad Venture Partners with former professional basketball player John Hummer after selling her company Open Systems and serving as a consultant to Microsoft, Apple Computer, and IBM.[2] The company originally focused on raising money from pension funds and investing in software companies.[3] In 1999 Bill Gates invested in the company's venture fund.[4] In her book The Kingmakers, reporter Karen Southwick wrote that Hummer Winblad Venture Partners "may not be among the super tier of VC firms, but it certainly gets just about as much publicity."[5]

Napster and the dot-com bubble (2000–2014)

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In 2000 Hummer Winblad led a US$15 million round of funding for Napster while the internet company was being sued by the Recording Industry Association of America.[6] The Economist noted that this investment was unusual for a company that previously had been "notably more risk-averse than most Silicon Valley rivals towards Internet investments."[7] In 2001 several of the company's investments ended in company bankruptcies or closures, including Pets.com, Homes.com, eHow, and Rival Networks.[8] In 2006 Hummer Winblad Venture Partners settled a lawsuit brought by EMI Group and Universal Music Group after Napster's bankruptcy.[9]

Rebranding as HWVP (2015–)

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In 2015 Hummer Winblad Venture Partners rebranded as HWVP.[10] The next year, for the first time, it raised a fund without Ann Winblad or John Hummer listed among the general partners.[11] As of 2019, its investments include Ace Metrix, Aria Systems, and NuoDB.[12][13]

References

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  1. ^ Miller, Greg (January 19, 1998). "Technology Is Their Life". Los Angeles Times. Retrieved August 15, 2018.
  2. ^ Lewis, Peter H. (February 7, 1993). "Sound Bytes; She Puts Up the Money for the Software Dreams". The New York Times. Retrieved August 15, 2018.
  3. ^ Mehta, Stephanie (October 8, 1996). "Entrepreneurs Are Investing In Next Start-Up Generation". The Wall Street Journal. Retrieved August 15, 2018.
  4. ^ Mills, Don (December 2, 1999). "Microsoft's Bill Gates invests in venture fund". National Post. p. C2.
  5. ^ Southwick, Karen (2001). The Kingmakers: Venture Capital and the Money Behind the Net. Wiley. p. 178. ISBN 9780471395201.
  6. ^ Richtel, Matt (May 23, 2000). "Napster Has a New Interim Chief and Gets a $15 Million Investment". The New York Times. Retrieved August 27, 2018.
  7. ^ "Hummer's Napster bummer". The Economist. August 10, 2000. Retrieved September 6, 2018.
  8. ^ Wingfield, Nick (April 16, 2001). "Hummer Winblad Is Awash In a Sea of Dot-Com Debris". The Wall Street Journal. Retrieved August 16, 2018.
  9. ^ Menn, Joseph (December 13, 2006). "Financiers agree to settle Napster suit". Los Angeles Times. Retrieved August 15, 2018.
  10. ^ Loizos, Connie (April 6, 2015). "Hummer Winblad Reboots". StrictlyVC. Retrieved September 6, 2018.
  11. ^ Primack, Dan (March 4, 2016). "Term Sheet -- Friday, March 4". Fortune. Retrieved September 6, 2018.
  12. ^ Han, Anthony (May 29, 2012). "Ace Metrix Raises $8M For Smarter TV Ad Testing". TechCrunch.
  13. ^ Clark, Jack (February 26, 2014). "NuoDB slurps European cash for database expansion". The Register.
[edit]

Source: Wikipedia. Article content is retrieved live through the MediaWiki API.

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Wikipedia

Hummer Winblad Venture Partners

Hummer Winblad Venture Partners (HWVP) is an American software and web focused venture capital firm based in San Francisco, California. Its founders include John Hummer and Ann Winblad. The firm was an early investor in Napster, the first popular file sharing service, and in several internet firms that failed during the dot-com bubble.

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Wikipedia

Ann Winblad

Ann L. Winblad (born November 1, 1950) is an American businesswoman. She is a founding partner of Hummer Winblad Venture Partners.

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Wikipedia

John Hummer

John R. Hummer (born May 4, 1948) is an American venture capitalist and retired professional basketball player who was an original member of the Buffalo Braves after starring for the Princeton Tigers men's basketball team. He also led his high school to the 1966 Virginia State 1A championship and helped Princeton earn a 1967–68 co-Ivy League Championship as well as a 1968–69 outright Ivy League Championship. Over the course of his basketball career, he was coached by four National Basketball Hall of Fame members. In college, Hummer was a three-time All-Ivy League selection (first-team: 1969 and 1970, second team: 1968). He played for two Ivy League champion teams and served as team captain as a senior. He was a part of the first of head coach Pete Carril's thirteen Ivy League champions (1968), eleven NCAA Division I men's basketball tournament teams (1969) and three undefeated conference champions (1969). Although Hummer set no statistical records, his name continues to be ranked high in the Princeton record book by many statistical measures. He played six seasons in the National Basketball Association (NBA) for the Braves, Chicago Bulls and Seattle SuperSonics. He was the 15th overall selection in the 1970 NBA draft and the first draft choice in the history of the Braves franchise. As a Braves draft choice, he was a somewhat controversial pick in a draft year with two All-American local products available. During his NBA career, he played for Hall of Famers Dolph Schayes, Bill Russell and Jack Ramsay. After his professional basketball career ended, he went to Stanford University to get an MBA in 1980. In 1989, Ann Winblad and he founded Hummer Winblad Venture Partners, a venture capital firm focusing on software companies.

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Wikipedia

Mitchell Kertzman

Mitchell E. Kertzman (born c. 1949 ) is an American venture capitalist with Hummer Winblad Venture Partners. He is the former CEO of Sybase, Powersoft, and Liberate Technologies.

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TOPIC OF THE DAY

Greenwood / Black Wall Street

Before the 1921 destruction of Tulsa’s Greenwood District, Black residents had created a remarkable center of business and community life. The district included stores, professional offices, entertainment venues and homes owned by Black citizens. Understanding Greenwood means learning what was built—not only what was burned.

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TRIVIA QUESTION OF THE DAY

Which heavyweight champion was known as the “Brown Bomber”?

Joe Louis.